REGISTERED COMPANY NUMBER: 10525194 (England and Wales) REGISTERED CHAIUTY NUMBER: 1175050 TRusfEES' REPORT AND UNAUDtfED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31mi SEPTEMBER 2024 FOR WYCOMBE DisfRIcf SWIMMING CLUB (A COMPANY LIMrrED BY GUARANTEE) RÉchardson Jones Chartered Accountants Mercury House 19-21 ChaFEI Street Marlow Bucknnghamshlre SL7 3HN
WYCOMBE DIsTrIcf sMmING CLUB CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 Reference and Admlnlstrative Details Trust. Report 2 to 5 Independent Examinees Report Statement of Financial Activities Balan Sheet Cash Flow Slatement Notes to the Qsh Flow Ststement io Notes to the Financial Statements 11 to 17 Detailed Statern of Thnancial Artivities 18 trj 19
WYCOMBE DISTRicf SWIMMING CLUB REFERENCE AND ADMINISTRATIVE DEfAILS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 TRUSTEES Mr lohn Reed thaimian Mrs Samantha Dyson Vice Chair (resigned 30.11.23) Mr Simon Shaw aub Secretary r* Mrs Clujn Mui Ng Trear (gned 28.11.24) Mrs Suzy Ives (aPFK)inted 30.11.23) Ms z Caton (appointed 28.11.24) REGISTERED OFFICE Wycombe Leisure Centre Handycross High Wycombe Buckinghamshire HPII IUP REGISTERED COMPANY NUMBER 10525194 (England and Wales) REGisreRED CHARtrY NUMBER 1175050 INDEPENDErir EXAMINER Rthardson Jones Chartered Accountsnts Mercury House 19-21 Chapd Street Marlow Buckinghamshire SL7 3HN BANKERS HSBC I Com Market High Wycombe Buckinghamshire HPII 2AY Page I
WYCOMBE DIsfRicf SWIMMING CLUB TRUSTEES. REPORT FOR THE YEAR ENDED 30TH SEPTEMBER 2024 The tnjstees who are also dirett0 of the charity for the purposes of the Companies Act 2006, prewt their report with the financial statements of the charity for the year ended 30th September 2024. The trustees have adopted the promsions of Accounting and Reporting by Charitie5: Statement of Recommend practi applicable to charities preparing their accounts in accordano with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {efFeLtive l JanLJary 2019). Wycombe District Swimming Club ("WDSC") was incorpxjrated on 14th December 2016 as a company limitsj by guarantee. The company became a charlty on 9th October 2018 in accordance with a memlRr5' resolution. OBJEcfivES AND ACTIvrrIES Objectives and aims The principal objects of the tharity are: l) To promote community participation in healthy recreation to residents of High Wycombe and the Suound1ng area, by providing teaching, development and prartice, from advan learn to swim 5kn.lls to comtktitive swimmingi water PK)Io and synchmnised swimming in a cost-effective methLKI for all. 2) To promote the preservatiort of human life by the teachlng and practice of swimmingi water safety and suryival in the wa. 3) To promote the developmerlt of young poople of all background5 and abilittes through competitive and fitness activities, so as to develop Personal and soclal capabilities through individual goals and team spirit, creating mature member5 of sjciety. Public benefit All of our actlvlties are focused on furthering our charitable objectives for the public benefft of the local community. In carrying out our objectives afKI planning our the trust have given cardul consd&KJn to the (Jlarity Commission's public benefft guidance. Volunteers Volunteets are of a major signific3n to WDSC. Volunteers assist both poolside and administtBtively in an aaY of roles including ciiache5, team managers, the open meets team, the committee, and the welfare team to name a few. Without our team of vobJnteers our costs would be &gnificanty hÉgher than thty a. ACHIEVEMENT AND PERFORMANCE Fundraising actlvltles The charity has held Wdrious fundraising artivibes throLpJhout the year; however, it does not rely on these activities to fund its doy to day operating acbvitres. Page 2
WYCOMBE DIsfRIcf SWIMMING CLUB TRusfEES' REPORT FOR THE YEAR ENDED 30TH SEPTEMBER 2024 ACHIEVEMENT AHD PERFORMANCE Chairnian's Report on Athlevements and perforniance Financlal prSure% continue to affett swimming clubs and wol& Furthemiore, the recruibment of coaches remains extremely challenging. We have been fortunate that we have been able sjpport and develop our own coaching staff as well as recruii rEw coaches and develop our own volunteer coaches. Our provisian remains W1(ranglng from slmke improvers to elite, enable to masters, and still, remain5 competitive from a cost pers1Ve in comparison to other clubs of a &milar standing. Our open meets remain important not only for our swimmers, but also for the financial health of the dub, which helps to minimise training fee costs. Our volunteer open mts team ran a full schedule of very successfvl meets throughout the We are frytsnate to have the cuntinued support of a loyal MnberShip# and numbers continue to incr&ise Steadi such numbers have bn consistenty greater than 600 with new triallists wishing to join the aub. As of septemb 2024, there were 736 members, 671 of which were full time members. This refiects commitment and excellence of all our professional coaching team supported by our numerous volunteers as well as the fantsstlc frdci5itie5 awdilable to US. Vlhen we IcK>k at our (d0pme[1ts over the past year, we Ive significant pnjw: We successfully launched our Academy at the Royal Grammar School (RGS) Swimming Pool in September 2023. After 12 months of operation, we have seen significant groyrth in the this expanded seLtion of our dub. With current numbers based at RGS tot311ing over 100 swlmmers, this has transformed the lower end of the club, supporknng the dub financially and providing a steady stream of younger swimmers into the main Academy offering at Wycombe Leisure Centre. The Coaches 'LogbooV initiative for our Academy and Potential squads has b&n a big success with many swimmers using them as means of feback between parents a1 cooth but also for swimmers to track their own kYogre55 and record their goals, achievements and leamings. - We continue to invest in our coache< development by 5UPPOrting some initiatives aimed at achieving this. We have also provided the opportunity for our coaches to advance their development through atiending higher levd comptitsons, training camps and attend event camps with the County, Region or Nationally. We also continue to support our valued volunteer (and em 0yed) maches with bursaries for teaching and coaching courses. All of these benefft our dub and ultimately our swimmers in the pool. - The coaches have also reviewed our squad strutture and placed more emphasis on team bdwiours and commitment within the newly defined 'Age Group, programme. This is ft)cused on generaling the right environrnent for athldes to succeed not only as swimmers, but as young adults. - On top of this more opportunity has been made available for nior swimmers to ensure we continue to mt the needs of this age group. - We have developed nethy and foThiar(Pthinking parlJ)eTships with iwo local swimming clths; Chesham a1 Bourne End. With the latter participating within our aub Champion5hip& FINANCIAL REVIEW nancial posltion Income in the year 30th September 2024 was £987,498 (2023: £878,602). Membership numbers increased from 636 in September 2023 to 671 on 30th September 2024. The main operating c05t5 are pool hire and nplOvnt for the coadxng staff. Prmjl hire atKI £oachitwJ staff costs amounted to £265,977 (2023: £2H,203) arml £417,860 (2023: £343,610) rewtively for the ri{, both are in line with budgeted costs. Total costs for the year were £984,530 (2023: 876,024) and are broadly In line wÉth expectstion& The Club made a sulUS in the tlIx1 of £2.968 (2023: £2.578). The cash balan at the end of the year was £216,895 decreasing from £235,950 on 30th Septnr 2023. The aub *ts yeaty budgets whith are approved by the Trustee boaNI, financral performance against these targds is reviewed on a quarterty basis by the Trustees via the production of regular management accounts and c85h-flow A regular teW of the finanLial controls at Wycombe Distrttt Swimming aub has and wtll continue to tske Pla trj ensure the safeguarding od the Charitys Assets. A review of system processe5, including methods of payments, iq undertaken as necessary. The Executive Committee, having reviewed cashflow projertions is confident that the Club will be able to continue as a going concem. Page 3
WYCOMBE DisfRicf SWIMMING CLUB TRUSTEES, REPORT FOR THE YEAR ENDED 30TH SEPTEMBER 2024 FINANCIAL REVIEW Reserves policy The resee5 policy is reviewed annually by the trustes The reserves currently retained to secure the future long-term liabilities are set at £150,000. The represents 2-3 months of operating costs for the club. All liquid assets are to be held at trL&ee approved financial institutions. The reserves held at the year end amounted to £214,798 (2023: £211,830) of which £nil related to restricted funds (2023: £nil}. Going concern After maknng appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in op&Etional existen for the foreseeable future. For this reasorl, they continue to a(lopt the going concern basi5 in preparing the financial statements. Further details regarding the adoption of the going concern basrs can be found in the Acc(NJnting Policies. FufuRE PLANS The long-twm strategy continues to be to grow the Club to take full advantage of the amazing 50 metre, 8-lane pool and to eXpar where possible into other pools localty to further promote communty partFcipation in swlmming. Our partnership local thLs puts the dub in a strong position to make the most of these relatiorships in the futu For the forthcoming year, our aims includè to: Continued expansion of the RGS Academy with the Coaching Leadership team investigating other local venues to er6ure we capture as much local youThJ tslent as possible and secure our dubs future. Continue to review our managernent structure as a club to consider incorporating regular professional input into a revised management team to support the club better as it continues to gW to make the workload more sustainable ftjr our volunteer Committ and executtve teatr6. Investtgate and look to develop ftjrther club partnership5 With other local club5, parliculady those within South Buckinghamshire. - Continue to explore new initiatives for volunieer coaches and training young people to be the next dub coaches to counter the difficulties in recruitment of swimming coathes across the Ul Maintsln and sustsin our volunteer workforce to train more officials and team managers and recruit new committee members to take the Club to the next stage srRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charty is controlled by goveming documen( a deed of trust, and consttbJt& a limited companyi limited by guarantee, as defined by the Companies Act 2006. Charity coAsttution The Trustees are responsible for the overall governan and oversight of the operational management of the club. The directors of the company are also charity Trustee5 for the purpo of Charity law. The Management committee and Head Coach a responsible for the day-to-day operational management of the dub. The chaiity also has a Welfare Officer. The role, scope and responsibilities of the Trust are enshrined in law, principally the Charfttes Att 2011 and the Companies Act 2006, and a150 the Articles of Association. The role and scope are detailed in the Club's Terms of Referen. By virtue of the affili*ion of WD5C to Swim ErHJland South &7st Region, the diarity and all memb5 of WDSC acknowl&Jge that they are subject to the rules of Swim England, British Swimming and FINA, the world governing body for the sport of swimmiThJ. Co-opted Trustees are select& following a search, advertising on the Club website and personal recommendation. They m&t with the exlsting Trustees, including the Chairman of the charity. It is the intention of the charfty to have Trustees, who have a strong interest in the sport of Swimming, especially to encourage wide (L)mmunity partiapation for health and leisure purpose5, and an appreciation of the governance role. The policy is to have a strong, gender dIvee trust board with a range of experien and skills. Between General Meetings, Trustees may be co-OPt&l to the Board, but are then subject to vote at the next General Meeting. Twstee5 serve a 2 year term, but are ae to offer themselves for revelection. Ai aub rnberS over the age of 16 are entitled to vote. Recruitment and appointment of new trustees The management of the company Is the responbilIty of the Trust, who a elect and co-opted under the tems of the Memorandum of Association. Page 4
WYCOMBE DISTRICT SWIMMING CLUB TRUSTEES, REPORT FOR THE YEAR ENDED 30TH SEPTEMBER 2024 srRucfuR4 GOVERNANCE AND MANAGEMENT Induction and training of new trustees A list of induttion documents has been developed for neN trustees. These indude rD¥x6 of all relnt statements and procedure5. WDSC wlll encourage trustees to attend relevant courses and seminars to keep abreast of devdopments in the areas for which the Trustee Board has responsibility on tthalf of the WDSC. STATEMENT OF TRusfEES' RESPONSIBILrrIES The trustees (who are also the directors of Wycombe Distiirt Swimming Club for the purwses of company law) are responsible for preparing the Trustees, Report and the financÉal statements In accordance with applicable law and United lQngdom Accounting Standards (United Kingdorn GllY Actwd Acajunting Practice). Company law require5 the trustee5 to prepare financial stat£ments for each finanaal year whtch give a true and fair view of the state of affrdifs of the Charitab company and of the incoming resources and application of resources, including the income and expenditure, of the chariiable company for that period. In preparing those financial sLatements, the trustees are required to . *ILrt suitabte accounting pjknies and then apply consistentty. observe the methods and prinaples in the Charity SORP; make judgements and eslimates that are reasonable and prudent; prepare the finanaal statements on the going coeM basis unless it 15 inappropriate to presume that the tharitsble company wlll continue in business. The IT are restble for keeping proper accounting rrS whith disdose r&isonabk aLruracy at any time the financval position of the tharitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company and hen for taking reasonable steps for the prevention and detection of fraud and other IegUlar1ti¢s. 2é.1fr.2ts2S Approved by order of the LThrd of trustees on ................. ... . . . . and s[grd on its behalf by: Mr John Reed - Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WYCOMBE DisfRIcf SWIMMING CLUB Independent examiner's report to the trustees of Wycombe District Swimming Club ('the Company,) I rewirt to the charity trustees on my examination of the accounts of the Company for the year ended 30th September 2024. Responsibilities and basis of report As the charity's trustees of the Company {and also its directors for the purp)ses of company law) you are responsible for the preparatton of the accounts in accordan with the re(pJirements of the Companies Act 2006 (the 2006 ACV). Hamng satisfied Myse that the accounts of the Company are not r4uired to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under lon 145 of the Charittes Act 2011 ('the 2011 ACV). In carryng out my examination I have follow the Directions given by the Charity comm[0 under Section 145(5} (b) of the 2011 Art. Independent examins statement Since your charity's gr055 income exceeded £250,000 your examiner must be a member of a listed body. I can confimi that I am qualified to undertake the examinatlon because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examinabon. I confirm that no matter5 have come to my attention in cOnnlon with the examinatton giving me cause to believe: accounting records were not kept in rw or the Company as required by Section 386 of the 2006 Att; or the accounts do not accord wrth those records, or the accounts do not comply with the accounting requirements of Sectton 396 of the 2006 Att other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in acCOrdar with methods and principies of the Statement of Recomtnended Practice for accounting and reporting by chartties (applicable to charities preparing their accounts in accordance MAth the Financial Re[y)ng Standard applicable in the UK and Republic of Ireland {FRS 102)). I have no COnmS and have come across no Other matters in connection with the examination to whtch attentson should be drawn in this report in order to enable a proper understanding of the accLbunts to reached. Jm4JJ Kevin Ellerby FCA Richardson Jones artered Accountants Merojry House 19-21 Chapel Street Martow Bucknnghamshire SL7 3HN Date: ...... £6....Q.,.&.o... Page 6
WYCOMBE DISTRIcf SWIMMING CLUB srATEMENT OF FINANCIAL ACTivrrIES FOR THE YEAR ENDED 30TH SEPTEMBER 2024 30.9.24 Totsl funds 30.9.23 Totsl fvftds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMEKfs FROM Donations and legaaes 1,851 1,851 937 Charitable artItieS Swlmming dub 903,472 80,779 ,251 873,004 Other trading activ¢ties vestswt income 3,890 771 1,396 1,396 906,719 80,779 987,498 878,602 EXPENDITLIRE ON Charitable activities Swimmlng dub 889,841 94,689 984,530 876,024 NET INCOMEI{EXPENDrriJRE) Transfers between funds 16,878 (13,910) (13,910) 13,910 17 Net movement In funds 2,968 2,968 RECONCILIATIof4 OF FUNDS Totsl funds brought fOard 211,830 211,830 209,252 TOTAL FUNDS CARRIED FORWARD 214,798 214,798 211,830 The notes fom part of these financial statanents Page 7
WYCOMBE DISTRICt SWIMMING CLUB BALANCE SHEEr 30TH SEpfEMBER 2024 30.9.24 30.9.23 Note5 Tangib assets 13 15,752 CURREpif ASSETS Debtors CAsh at bank 14 117,270 216,895 101,429 235,950 334,165 337,379 Amounts falling due wtthin one year 15 (135,119) (150,917) 199,046 186,462 TOTAL ASSEfs LESS CURRENT LIABILTrtES 214,798 211,830 NEf ASSEIS 214,798 211,830 FUNDS Unrestricted funds 17 214,798 211,830 TOTAL FUNDS 214,798 211,830 The chatitsble compary is entitd to exemption from audfc under Section 477 of the Companie5 Act 2006 for the year ended 30th SeptanLEr 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in acCOrdar with bon 476 of the Companies Act 2006. The tJ5t ad(r* the]r regxjnsibiliknes ftjr (a) ensuring that the chartiatle company keeps accounting rdS that comply with Sections 386 and 387 of the Companies Act 2006 at preparing firiancial statertients which gtve a true and fair view Of the state of affairs of the charitable company as at the end of each financlal year and of its surplus or defiat for each financial year in accordan with the requirements of Secttons 394 and 395 and which Otherwi comply with the reqUireMts of the CompanTes Act 2QM6 rdating to finanoal statements, so far as applicable to the charitable company. (b) These financial statemrt have been wepared in aCcOrdar with the provisions applicatle to (haritable ccwnies sub]t to the small companies regirne. The fi ancial state¥nents were approved ty the Board of Trust and authorised for issue ..els...io ZS.........-.... and were signed on tt5 behalf by: on Mr John Reed - Trust The notes form part of these financial statements Page 8
WYCOMBE DISTRIcf SWIMMING CLUB CASH FLOW sfATEMEP FOR THE YEAR ENDED 30TH SEPTEMBER 2024 30.9.24 30.9.23 Cash flows from operating activities Cath eratl from operations (16,984) 23,830 Net (2sh (used tn)IprovKled by oFErnting aCtsbe5 (16,984) 23,830 Cash flows from Investing actlvltles Purchase of tangible fixed assets Interest 1V (3,467) 1,396 (9,004) 771 Net Cash used in investing activitEs {2,071) (8,233) Change in cash and equivalents in the rewting period Cash and cash equivalents at the beginning of the reporting period (19,055) 15,597 235,950 220,353 Cash and cash equivalents at the end of the reportlng period 216,895 235,950 The nr)tes fonn part of these financial statements Page 9
WYCOMBE DISTRICT SWIMMING CLUB NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30Th SEPTEMBER 2024 RECONCILIATION OF NET INCOME TO NEf CASH FLOW FROM OPERATING ACTivTfIES 30.9.24 30.9.23 Net income for the reporting period (as per the Ststement of Financial Activities) Adjustments for: Depreciation charges Interest received Increase in dd*ors (DeCrea)I1ncrea in creditors 2,968 2,578 13,083 (1,396) (15,841) (15,798) 11,468 (771) (1,079) 11,634 Net cash (used in)Iprovided by operations (16,984) 23,830 ANALYSIS OF CHANGES IN NET FUNDS At 1.10.23 Cash flow At 30.9.24 Net cash Cash at bank 235,950 (19,055) 216,895 235,950 (19,055) 216,895 Total 235,950 (19,055) 216,895 The n¢)tes form part of these financtal 51otements Page 10
WYCOMBE DISTRIcf SWIMMING CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 GENERAL INFORMAIION The charitable company is limited by guarantee. The members of the company are the Trustees naMj on page l. In the event of the company being wound up, the liabilty in respe(t of the guarantee is limited LD £1 per member of the company. ACCOUNTING POUCXES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charitie5: Stat£ment of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard ap1(le in the UK and Republic of frefand (FRS 102) (effective l January 2019)., Financtal Rewrting Standard 102 'The Flnanaal Rep)tting Standard applicable in the UK and Republic of Irdand, and the Companies Act 2006. The financial statements have b*n prepared under the historical cost convention. Income All income is recognised in the Ststement of Financial Activtties On the charity has entitlement to the funds, it is probth that the In(t)me will tE 1Ved and the any)unt can be mea9J1 reliabty. Income tsx recoverBble in relation to donations recev8J urKler Gift Aid or deeds of covenant is rwised at the time of the dcrtion. Income tax reroveTrble in rdation to investmemt income s recognised at the lime the investrtent income is receivab5e. Liabilities are rnISed as expenditure as soon as there is a 18Jal or constructive obligation committing the charity to that eX[nditre, it is p)bab]e that a transfer of miC beneffts will be r4uired in settlement and the amount of the obligation can be measured rdiably. Ex[dlUre is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particuLir headings they have been allocated to acbvibes on a basts consistent with the use of Exwditure on charitsLle activibes is incurred on dir undertaking the activitie5 which fvrther the tharitsble company's rA)j&tivo%, as well as any as5octat suptKrt costs. All expend11 i5 indus6ve of irrecoverable VAT. Tangible fixed assets Depreciation is provided at the following annual rates in order to lte off eadi asset over its estimated useful res and fittings 33% on c05t Taxation The dritY is exempt from coryats)n tsx on its tharitable artivibes. Fund accounting Unrestricted funds can be used in accordan with the tharitaile objective5 at the ditK)n of the trustees. Restricted funds can only be used ft)r particular resbicted purwses within the objects of the charty. Restrithons arise Vdhen specifi1 by the Ik)nor or Wh funds are raised for particular T&tricteJJ pu. Further ewanation of the natt] arKI purpose of each fijnd is induded in the notes to the finarKial siatements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension Scheme. Contributions payable to the chartsble ompany's pension scheme are charged to the Statement of Financial Acknvities in the period to which they relate. Page 11 Crt1nUed...
wyroMBE DIsTrIcf SWIMMING CLUB NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2024 DONATIONS AND LEGACIES 30.9.24 30.9.23 Donations 1,851 937 OTHER TRADING AcfIvTll 30.9.24 30.9.23 Sponsorships 3,890 INVESTMENT INCOME 30.9.24 30.9.23 Deposit account interest 1,396 771 Interest on ftJnds hdd on deposit is included when receivable and the amount can be measurd rdiably by the companyi this is nortnally upon notification of the interest paid or Payab by the bank. INCOME FROM CHARrrABLE AcnvrrIES 30.9.24 Swimming club 30.9.23 Total activitie5 Training F Membership Fee5 ASA Memberthip Fees Other income Grants op Melt Income Extemal Gala Entry Event Incotne 603,187 47,350 28,069 12,907 8,263 153,860 52,710 77,905 496,266 40,773 25,795 13,342 7,462 158,447 49,538 81,381 984,251 873,004 Amateur Swimming Association (ASA) membership fees and External gala enty income relate to restritted funds In the current and prior year. Grants reived, indUdl in the above, are as follows: 30.9.24 30.9.23 Swim England Pefftimpno Centre Funding 8,263 7,462 Page 12 continued...
WYCOMBE DIsfRICT SWIMMING CLUB NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2024 Support Costs (see note 8) Direct Totsls Swimming dub 1370 82,160 984,530 SUPPORT COSTS (knnce nan Other TotaLs Swimming dub 153 78,418 3,589 82,160 NEf INCOMEI{EXPENDTfuRE) Net im)mel(expenditure) slatsl aftv thargingl{crl1ting)". 30.9.24 30.9.23 13,083 11,468 10. TRUSIEES, REMUNERATION AND BENEFrrs There were no remuneratK)n or othw benthts for the year etKlaJ 30th September 2024 nor for the ythr ended 30th September 2023. There wwe no trustets, expenses paid for the year 30th Septhber 2024 nor for ttE year ended 30th Septnb 2023. 11. srAFF cosrs 30.9.24 30.9.23 Wages and salaries So(ial secu17ty costs Other wsion costs 321,619 22,711 9,657 256,660 17,811 7,9]1 353,987 282,372 PensKm Costs are wtrNilly drgl to the Unr&r1 fund. The average monthly number rf employees during the year was a5 follows: 30.9.24 19 30.9.23 12 Swimmlng coache5 and teachers The numbpJ of employees whose empbyee ber (exdudlng emther Is1on cc6ts) eXCed £60,(XJ) was: 30.9.24 30.9.23 £80,001- £90,000 Page 13 continued...
WYCOMBE DIsfRIcf SWIMMING CLUB NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACrnIITIES Unrestricied fvnds Total funds fvnds INCOME AND ENDOWMENTS FROM Donatvjns and legactes 937 937 Charltable activities Swimming dub 797,671 75,333 873,004 Other trading actiwties Investment inc(Mne 3,890 771 771 Total 803,269 75,333 878,602 EXPENDMIRE ON Charitable acbviknes Swimming dub 791,140 876,024 NEf INCOMEIIEXPENDrruRE) Transfers between funds 12,129 (9377) (9,551) 9.377 2.578 Net MoVt in funds 2,752 (174) 2,578 RECONCIUATION OF FUNDS Total fvnds brought forward . 209,078 174 209,252 TOTAL FUNDS CARRIED FORWARD 211,830 211,830 13. TANGIBLE FIXED ASSErs xtures and fittings At 1st octob 2023 Additions 3,467 At 30th Septsmber 2024 52,192 DEPRECIATION At 1st OLtober 2023 Charge for year 23,357 13,083 At 30th Sepkn7ber 2024 36,440 NEf BOOK VALUE At 30th September 2024 15,752 At 30th Septsnber 2023 25,368 Tangible fixed assets costing £500 or more are capitalised and recognised when future economic beneffts are probable and the cost or Wdlue of the asset can be mered rla. Page 14 Continu1...
WYCOMBE DISTRICT SWIMMING CLUB NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2024 14. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 30.9.24 30.9.23 Trade debtors 3,239 114,031 101,429 117,270 101,429 15. CREDrroRS: AMoui¥fs FALUNG DUE wmiiN ONE YEAR 30.9.24 30.9.23 Trade (Teditors Sotial sÈrurity and other tsxes Accwalg and deferred income 1,037 8,866 125,216 7,629 143,288 L35,119 150,917 16. ANALYSIS OF NET ASSETS BEfwEEN FUNDS 30.9.24 Total funds 30.9.23 Totsl funds Unrestricted Restrick£d funds funds Fixed assets Cuent assets Current liabÈlities 15,752 308,337 (109,291) 15,752 334,165 {135,119) 25,368 337,379 (150,917) 25,828 (25,828) 214,798 214,798 211,830 17. MOVEMEp¥f IN FUNDS Net movement in thnds Tran beeen nds At 1.10.23 At 30.9.24 General Funds- aH funds 211,830 16,878 (13,910) 214,798 Restricted funds AS4 memlrshlp (2B17) 2,317 Extema gala events (11,593) 11,593 (13,910) 13,910 TOTAL FUNDS 211,830 2,968 214,798 Page 15 continued...
WYCOMBE DtsrRicf SWIMMING CLUB NOTES TO THE FINANCIAL sfATEMENTS - conttnued FOR THE YEAR ENDED 30Th SEPTEMBER 2024 17. MOVEMENT IN FUNDS - Cfjntinued movement in funds, included in the above are follows: Incoming resource5 Re9)ur$ expenda Movement in furKIs General Fund all furk 906,719 (889,841) 16,878 Restricted funds ASA meML5h1p External gala events 28,069 (30,386) (2,317) 52.710 {64,303) (11,593) 80,779 (94,689) (13,910) TOTAL FUNDS 987,498 (984,530) rmparatives ftK movement in funds Net movement in fijnds Transfers At 1.10.22 funds At 30.9.23 Unrestricted funds General FutKls- all furKts 209,078 12,129 (9,377) 211,830 Restricted funds ASA meMr$hIp External gaia events (1,437) 1,437 174 (8,114) 174 (9,551) 9,377 TOTAL FUNDS 209,252 2,578 211,830 Page 16 continued...
WYCOMBE DIsfiucT SWIMMING CLUB NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2024 17. MOVEMENT IN FUNDS- contlnued Comparative net movematt in funts, Included in the above are as follows: tnrDming in funds Unrestiirted funds General Funds- all fijnds 803,269 (791,140) 12,129 ASA memtwship 25,795 (27.232) (1,437) External gala events 49,538 (57,652) (8,114) 75,333 (84,884) (9,551) YOTAL FUNDS 878,602 (876,024) 578 18. RELATED PARTY DISCLOSURES There we no reI3ted I(trn5 for year 30th Sei*ember 2024. 19. DEFERRED INCOME membership income received in advance. 30.9.24 30.9.23 Deferred income at l Octc4)er 2023 Resourcts deferreLI during the year Amounts relea1 from prevtous FRfMY 132,140 114,181 (131140) 127,430 132,140 (127,430) 114,181 132,140 Page 17
WYCOMBE DISTRicf sMmING CLUB DEfAILED sfATEMENT OF FINAryClhL ACTIvrrIES FOR THE YEAR ENDED 30Th SEPTEMBER 2024 30.9.24 30.9.23 INCOME AND ENDOWMEKrs Donations and legacies Donattons 1,851 937 Other trading acbvities Sponsorships 3,890 DeFX)5it account interest 1,396 771 Chafftable activiti Training Fees Membership F ASA Membwship Fees Oth income Grants Open Income External Gala Entry Event Income 603,187 47,350 28,069 12,907 8,263 153,860 52,710 77,905 496,266 40,773 25,795 13,342 7,462 158,447 49,538 81,381 984,251 873,004 Total incoming resourns 987,498 878,602 EXPENDrnIRE Charitsble activltles Wages Social serity Pensions Pool hire Gala entyfees 321,619 22,711 9,657 265,977 64,303 63,873 30,386 4,073 7,688 77,752 1,282 863 18,444 659 13,083 256,660 17,811 7,901 244,203 57,652 61,238 27,232 572 ASA membetship fees Lifeguard costs Equipmert Event travd Other travel & regional costs 81,664 1,116 59 15,322 3,665 11,468 Other costs Trophies & Awards Fixture5 and ffttings 902,370 791,551 rinance . Bank charges 153 136 other Insurance Telephone & Internet CatTied forward 1,059 682 1,741 584 1,004 This page do not forni part of the strtory financial stathents Page 18
WYCOMBE DISTRicf SWIMMING CLUB DAILED sfATEMENT OF FINANCIAL AcrivrrIES Fok THE YEAR ENDED 30TH SEvfEMBER 2024 30.9.24 30.9.23 Other Brought forward Postage and stationery Administration Catsring Travd expenses Aifverknsing and marketing urity 1,741 10,489 47,141 12,458 4,153 1,243 1,193 16,041 43,892 11,925 4,353 2,108 1,097 78,418 81,004 Accountancy and IJaI f 3,589 3,333 984,530 876,024 Net inc£•me 2,968 2,578 This page does not fomi port of the &attrtory finanoal statements Page 19