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← Above Water

2023-10-31-accounts

Registered number: 1174593 Charity number: CE012177

ABOVE WATER

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2023

These financial statements have not been audited as the company is exempt under s477 of the Companies Act 2006 from the requirement to obtain an audit of its financial statements.

ABOVE WATER CHARITABLE INCORPORATED ORGANISATION Charity No. 1174593

CONTENTS
Reference and administration details of the charity, its trustees and advisors 2
Trustees' report 3-5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8-10

1

ABOVE WATER CHARITABLE INCORPORATED ORGANISATION

Charity No. 1174593

REFERENCE AND ADMINISTRATION DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE PERIOD ENDED 31 OCTOBER 2023

Trustees Daniel Tisdall
Conrad Gillespie
Richard Rowley (Appointed 27 June 2023)
Rebecca Lisa Mason (Appointed 27 June 2023)
Martin Christopher Smith (Appointed 27 June 2023)
Company registered CE012177
number
Charity registered 1174593
number
Registered office Above Water
Villa Languard
Middle Warberry Road
Torquay
TQ1 1RS
Charity secretary Conrad Gillespie
Accountant Accounting 4 Everything SW Limited
13 Hyde Road
Paignton
TQ4 5BW
Bankers Barclays Bank
Fleet Street
Torquay
TQ2 5EB

2

ABOVE WATER CHARITABLE INCORPORATED ORGANISATION

Charity No. 1174593

TRUSTEES' REPORT

FOR THE PERIOD ENDED 31 OCTOBER 2023

The Trustees present their annual report together with the financial statements of Above Water (the Charity) for the period ended 31 October 2023. The Trustees confirm that the Annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued jn March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

The Charity is registered as a charitable incorporated organisation and was set up as a foundation registered on the 11 September 2017.

The Charity is constituted under a foundation dated 11 September 2017 and is a registered charity number 1174593.

The principal object of the Charity is to provide education in respect to children and others to understand any water environment to aid drowning prevention, for the benefit of the inhabitants of Torbay and the surrounding area, with the object of improving the safety of life for the said inhabitants.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the organisation.

c. ORGANISATIONAL STRUCTURE AND DECISION MAKING

Charitable Incorporated Organisation not having share capital.

The Trustees are as mentioned on page one of these financial statements. Whoever holds the post of Chairman for Above Water that individual shall be entitled to be a member of the Company. The outgoing Chairman automatically ceases to be a member.

Members of the Company are Trustees.

Trustees are appointed in accordance with the provisions of the organisation.

Daniel Tisdall is Chairman of an Operational Committee that manages the training and equipment on a day-to-day business. All helpers are volunteering their time to the Charity.

3

ABOVE WATER CHARITABLE INCORPORATED ORGANISATION

Charity No. 1174593

TRUSTEES'REPORT (continued)

FOR THE PERIOD ENDED 31 OCTOBER 2023

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

To provide or assist in the provision of education in respect to children and others to understand any water environment to aid drowning prevention, for the benefit of the inhabitants of Torbay and the surrounding area, with the object of improving the safety of life for the said inhabitants.

b. ACTIVITIES FOR ACHIEVING OBJECTIVES

To provide education and training by qualified instructors to enable school children and others in Torbay to have the opportunity to benefit from that water safety education.

Visiting schools and other organisations by volunteer qualified instructors to teach our own E.S.C.A.P.E water procedures and help children to understand any water environment.

ACHIEVEMENTS AND PERFORMANCE

a. GOING CONCERN

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. REVIEW OF ACTIVITIES

The Trust was formed in September 2017 to encourage water safety. The Trust was granted Charity status and is run as a non-profit making organisation.

With the support of the Chairman and donations from local business the trust has purchased visual aids to assist educational presentation and commenced website promotion of its aims.

The Trust relies on Volunteers both for presentation and education and works in conjunction with Torbay Surf Life Saving Club and others to promote water safety to children and others through visit to schools and other organisations.

FINANCIAL REVIEW

a. RESERVES POLICY

All money raised or received is used to promote the aims of the charity and invest in presentation and other equipment to achieve the promotion of water safety.

No fund is in deficit at the year end.

4

ABOVE WATER CHARITABLE INCORPORATED ORGANISATION

Charity No. 1174593

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees of Above Water are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

In preparing this report, the Trustees have taken advantage of the small companies' exemptions provided by section 415A of the Companies Act 2006.

The accounts prepared have been reviewed to assist the Trustees in fulfilling their duties under the Companies Act 2006,

The review of the accounts has been undertaken by Accounting 4 Everything SW Limited, a member of the Association of Accounting Technicians and subject to its ethical and other professional requirements which are detailed on the Associations website.

Accounting 4 Everything SW Limited did not carry out an audit of the financial statements of Above Water.

The report was approved by the Trustees on 29[th] August 2024 and signed on their behalf, by:

Daniel Tisdall – Treasurer Conrad Gillespie – Chairman

5

ABOVE WATER CHARITABLE INCORPORATED ORGANISATION

Charity No. 1174593

STATEMENT OF FINANCIAL ACTIVITIES (Incorporation income and expenditure account) FOR THE YEAR ENDING 31 OCTOBER 2023

Note
INCOMING RESOURCES
Incoming resources from generated
funds:
Voluntary Income
2
Other Income
3
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Charitable Activities
4
TOTAL RESOURCES EXPENDED
NET INCOME / (EXPENDITURE) BEFORE
TRANSFERS
Transfers between Funds
NET MOVEMENT IN FUNDS FOR THE
YEAR
FUNDS BROUGHT FORWARD
TOTAL FUNDS AT 31 OCTOBER		 Restricted
Unrestricted
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
£
£
£
£
0
60,010
60,010
44,369
0
3,803
3,803
1,065
0
63,813
63,813
45,434
0
74,070
74,070
50,668
0
74,070
74,070
50,668
0
(10,257)
(10,257)
(5,234)
0
0
0
0
0
(10,257)
(10,257)
(5,234)
0
11,259
11,259
16,493
0
1,002
1,002
11,259

6

ABOVE WATER CHARITABLE INCORPORATED ORGANISATION

Charity No. 1174593

BALANCE SHEET AS AT 31 OCTOBER 2023

Note
CURRENT ASSETS
Cash at bank and in hand
CREDITORS: Amounts falling due within one
year
7
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
Unrestricted funds
TOTAL FUNDS		 2023
£
1,326
324
1,002
1,002
0
1,002
1,002		 2022
£
11,259
0
11,259
11,259
0
11,259
11,259

The Trustees consider that the Charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the Charity to obtain an audit for the year in question in accordance with section 476 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the

Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the Charity as at 31 October 2023 and of its net resources expended for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Charity.

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Trustees on 29[th] August 2023 and signed on their behalf by:

Daniel Tisdall & Conrad Gillespie

The notes on pages 8 to 10 form part of these financial statements.

7

ABOVE WATER CHARITABLE INCORPORATED ORGANISATION

Charity No. 1174593

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2023

1. ACCOUNTING POLICIES

1.1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005, applicable accounting standards and the Companies Act 2006.

1.2. COMPANY STATUS

The Charity is a charitable incorporated organisation. The members of the company are the Trustees named on page 2. In the event of the Charity being wound up, the liability of the members is limited by guarantee.

1.3. FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administrating such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.4. INCOMING RESOURCES

All incoming resources are included in the Statement of financial activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Donated services or facilities which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.

Income tax is recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5. RESOURCES EXPENDED

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation of activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

8

ABOVE WATER CHARITABLE INCORPORATED ORGANISATION

Charity No. 1174593

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2023

1. ACCOUNTING POLICIES (continued)

1.6. TANGIBLE ASSETS AND DEPRECIATION

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the fixed assets, less their estimated residual value, over their expected useful lives:

2. VOLUNTARY INCOME

Restricted Unrestricted Total Total
Funds Funds Funds Funds
2023 2023 2023 2022
£ £ £ £
Donations 0 60,010 60,010 44,369

3. OTHER INCOME

Restricted Unrestricted Total Total
Funds Funds Funds Funds
2023 2023 2023 2022
£ £ £ £
Clothing and Invoicing 0 3,803 3,803 1,065

4. DIRECT COSTS

Internet costs
Accountancy fees
Charity operations and advertising
Office costs
Equipment
Insurance
Consultancy
Training course
Travel expenses		 TOTAL
TOTAL
2023
2022
£
£
134
0
324
0
12,640
8,502
189
1,363
0
4,970
504
796
48,035
27,345
590
0
11,654
7,692
74,070
50,668

9

ABOVE WATER CHARITABLE INCORPORATED ORGANISATION

Charity No. 1174593

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2023

5. GOVERNANCE COSTS

Accountancy fees TOTAL
TOTAL
2023
2022
£
£
324
0
324
0

Accounting 4 Everything SW Limited have kindly discounted their fee by 50% as a donation to the trust.

6. NET INCOME / EXPENDITURE

During the year. No Trustees received any remuneration.

During the year. No Trustees received any benefits in kind.

During the year. No Trustees received any reimbursement of expenses.

7. CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR

Accountancy Accrual TOTAL
TOTAL
2023
2022
£
£
324
0
324
0

8. STATEMENT OF FUNDS

UNRESTRICTED FUNDS
General funds
RESTRICTED FUNDS
Other
TOTAL OF FUNDS		 Brought
Incoming
Resources
Transfers
Carried
Forward
Resources
Expended
In/out
Forward
£
£
£
£
£
11,259
63,813
74,070
0
1,002
0
0
0
0
0
11,259
63,813
74,070
0
1,002

10