OTity number 1176269 Affiliated toThe Llfe 5a¥lng Associknn ofGreat 8riiain-Charity Number 1015668 2022- 2023 Annual Finandal Report 1st of October 2022- 30th September 23
Finanaal Ou121- 30109123 Statement of accounts Statements of accounts Currerrt (CIO) W1012022 £8.181.74 £14,960.58 £17,606.09 £2.1X71 3010912023 £8.$84.98 / £403 24 £17.882.88/ r2.922.Xl £10 77 / -£17 595 32 £198.71/ (PJ £17.695.(A) 7,695 (Kl b saMrus Grants £42.933.12 £44372.34 nA39.22 Statement of profrt and loss £42.Y33.12 £44,372.34 £1.439.22 £65,.72 £6357.50 £1.439.22 Explanation of profftlloss The cb has made an overall profft of £1439.22. The club has had an increase in inco this year through membership numbers and an increase in membership costs. The club has had a syifvArrt iTrcrea5e in fundraising intome. Some regular costs such as storage hire and contrdctors to move sand forthe club hut have not been needed this year, reduting expenditure. Due to th55 the chsb has managed to support a sEnificant out to nwxfrfythe club hut to make movement easier aYKI *ss costty. The imct of Increased pool fee5 has a150 been gwwrted.
Income and expenditure £ 25.217_28 £ 6054.20 £ 18.363.08 Onlkne £ .[) £ 2.293.50 £ iO.(B9.(K) £17,795.50) £ 6.346.86 f 6J46.86 Misc E4L25 £141.25) ctub k £ 3.650.(VJ £8X114.46 £14,364.37) £ 3.226.79 Cb kll £ 3,226.79 £ 163.27 163 TTrini £ 210.50 £9.65&70 £19.446.201 £1749.00) A¢¢011*tiOb1c0M £ 749.11) Equipment £9m9.62 £19.029.621 bh £ 16.132.IK> £ll6.132.lI Fundraisi £ 8.LYiI.39 £ 3.115.C £ 4,945.39 Funthaisi £ 1327. £ 1.927. £ lo.1.( E 10,167.rK) £ 4.097.13 £ 4,(87.13 Interest £99.68 £99.68 Total £63A57JQ £ IN3922 Due to now having an online shop. I have broken d(> each category to show sales for club kit, comwitions. and fundraising. Memberships 2022-2023 2021-2022 Limpets Masters 15 io 49 102 70 80 76 15 Nippers Parents Seniors Youth io 34 31 Total 11 274 225
Membership numLErs have increased by 22% this year, thls Is seen mainly in Nippers. The Masterfs numbers k>ok as rfth have decreased but this 15 due to some parent helpers being allocated as Mgrters in 2021-2022. Membership income has increased due to the rise in numbers but a150 due to the increase(I fees brought in in Jan 2023. The membership fees increased by £10 per member last yeaf. this ha5 SUPPOrted an additional £2740 in income forthe club this year. The previous yearfs membership income totslted £14313. thls year its £18378 128% increase). As in previous years the were some challenges in January In making sure that everyone who attends the sessions had renewed their memberships. This was often not picked up until a member needed to enter a CoMlt when memberthip details were checked. Competitions Cb ncome for competitionstotsls£8640 and expenditure is£l(X)89. a loss of £1444. This mainly due to the dub's contribution to pairs and tearn events for Youth. Seniors and Masters £1326. see below. aub team support Youth 01 nationaLs Youth open water nationals Masters open water Seniors Extra fees requested SLSGB Additional teamtindividu31 sup £144.(KJ £480. £432. £216.00 £54.(K) rt Costs £0.00 £1326.) The loss is £188 (this s due to competition payments not being paid). The in competition payments has redu signiftsntty from the previous year. this has been helped by the online payment system. I krbow about 2 payments which are unpaid- l Masters entry. that was submitted on the sheet fore payment had been made. they then opted out ofthe comFetition. Likewise, one Nipper parent, who hal issues with the onllne paYll System. then didn't make payment via 8ACS. To reduce thi5 further in the futurethe accessto competition entries should be opened a5 earty as possible and then dosed in go time beforethe entry deadline. Entr$ must only be submttted based on the payments rpd.
aub kit ctub klt Online clothing sale5 other clothing sales Essential club kit (Coach vests. Stfi¢kers. throwline%l Other clothing punthases ctothin in stock (to be sold) In £3.226.1Kl £3.650.LK) Profftlloss £13. £350.00 £8,014.¢) £2.189.tA) £9X65AI £8377. E688.(XJ Sales for dothing have increased swificantty this year this 15 due a nre ac£essible system of purchasing kit through the club'5 online shop. There is a value of £2189 of dub kit in hand. considering this dothing has then made profrt of £688. As a club we now have a swimwear range for both beach and pool. this hès been really popular amongst members. we have kept the profft margins very low on thls due to the higher expense of these items. Profrt margins are generalfy higher on some ttems then others and through switthing suppliers. club t-shirts afe now muth kiwer in price and more affofdable. The aim is to ensure items are affordable to members but also support a small profrt forthe club, this is poter*tialty an area for increased fvture income if this reviewed. Tralning Pool fees have in(Jeased this year to £9446 onty slightly from the previous yearfs £9(KJ2. increase of E444. • Irb 2021-2022 a need was identified to inuease income to support pool hire ¢05ts which had increased by £51KM) in that year. The irKrease in cb membership fees has supported some ofthese costs £2740. • A new additional cost of hiring lifeguards to support pool sessions is also in this overall figure and would probably explain some of the increase ft)r this year. Equtpment A Fullabrook grant aCCed to purchase 4 new skis forthe dub- £8256. These are now included on the dub's asset list. There were aly) repairsto boards/sWs requwed- £773
aub hut The committee decided last year to SUPFQrt costs to modify the club hlrt to enable rt to be move to and from the beach more ea5ity, with an aim to dce fLrture costs for movin8 the hut. A steal frame has now been installed on the hut. The overall cost of this land to move it on to the beach) was £ItY452. The expenditure to remove the hut from the beach in September 2022. have also been included in this yearfs f8ures. due to invoices being received in this financial year. The costs include £2 to Nicksampson. £24(K) to AdaNts plant LTD (for sand movement). also £4(X) to B R Sloogie for dismantlingthe hut a total ofr. £5f). A request for a predtIOn of future costs forthis process has been requested (but not received). AditIonal modificationstothe hut have also been discussed e.g. blocks for It to sit on and galvanisation of the frame- it Is essential that the dub knows how much future costs forthiswill be and prepare forthis. Other expenses Mlscellaneous- £41.25 for business rates to North Devon Council Engraving- £163.27 for end of season trophies Accreditation and competenctes-this has been a mixture of training ISLSGB update dayl NRASTC lrfeguard trainin& also Nipper pathway costs covered by the club £309. Storage There have been no storage coststhtsyear due to Wayne ending the pmious storage hire arrangement. Previousty this had cost £25 peryear. Going forward there will be some costs attached to storage. l)ut clarity around this must be gained. Grants. fundralslng and donations National GrKI 8rantfordub hut Black tie Big Barn Bash End of se350n do Bonfire £1.667.00 £678.IX> £2322.00 El,632.00 £5C#).00 ri Black Rock Run King5 Rate Fullabrook HMRC gtft aid Other donations Icore. Easy) Croyde Tri £790.36 £325.00 £8,51XJ.00 £4,157.00 £50.66 £0.0[1 £2L137.02
The club has had some s8nifirant support in fundraIng this year. which has incTeased income signiftantty and trwffered the additional club hut expenses. • Income from Erants. donations and fundraising has Significant increased this year by neady 3 times as much in 2021-2022 {£7118.231 this year to £21122. We received a larger then expected HMRC gift aid payments of £4157 which great contribution to dub income. The club fundraising has made a real positbve impact this year- raisi £6747 in total. Fundraising income alone has increased by 3 times as much {£2141 in 2021- 20221. • A huge thank to Andreyd. Slmon Je5. Kelth. Nlcda (and many other helpers11 who ha pulled togetlw 5¢Kne arn•0gfvndr3Is1ng events this year. Wrth(xrt this Savings account and Intsrest incixne The savww account has made a small income through minor interest payments £99.68. The fvnds in this account are classed as reserved income. They were collected many years ago to support a pemianent dwelling for the club. Unfortunatety. after fundraising this was unable to happen asthere are no names or addresses ofthe dorr$ the perniission to repurpose the funds cannot be gained. Thefefore underthe Charity Comrnission guidelines this fvnding must only be used for a permanent dwelling. If the club a keen to repurpose the funds, they must gain permisston from the chartty commission. Due to the increased interest rate on savings the funds have now been transferred to 12mth fixed savings aco)unL where they will accumulate £6 in Inte$t overthe year. providing an additional income for the dub. This will mature at the beginning of September 2024. a deasion can then be made abtyrt the next steps forthis money. Asset list Board inventory dKI not get completed thisyear. Many boards on the list are over 7 years, 50 they value ha5 depreciated. AddItnal work needs to be done to gather a clear understanding of assets in the next financial year. aub reseNes At the end of the financial year£ 8.181.74 Temains in the CIO account + £19& 71 In the grants account at total of £8380. Induded in this is the surplus from the current year of £1439.22. As the club runs on the income of the previous year. throu8h an annual transfer from the membership accountto the ao account. it is essential that the club reserves a 'good' buffer to protect against financial changes ar)d challenges in the future year, this also protects cashfiow against paymentsthat are made in advan for essential item5 such as kit.
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Roport to tho trusteesl members of Woolacombe Surf Lrfe Saving Club (CIO) On accounts for the year ended 3010912023 Charity no (rf any) 1176269 Set out on pages I report to the trustees on ry examination of the accounts of the above charity ('th8 Tnjsf) for the year ended 3010912023 As the charity trustees of the Trust, you are responsible for the preparation Responsibilities and of the accounts in accordan with the requirements of the Charitias Act basis of report 2011 {Ihe Acr). report in respect of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in catrying out my examination, I have followed the applicable Directions gNen by the Charity Commission under section 145(5)(b) of the Act I have compted my examination. I confimi that no material matters have come to my attention (other than that disdosed below ') in connection with the examination whth gives me cause lo believe that in. any malerial respect: accounting records were not kèpt In accordance with section 130 of the Act or the accounts do not acco with the accounting records Independent examiner's statement I have IN) cOnmS and have come across no other mattars in connection vrith the examination to which attention should drawn in order to enable a proper understanding of the accounts to be r8ached. . Please delete the words in the brackets rfthey do not apply. Signed: Date: 0310912024 Name: Janet Keiff Relevant professional qualification(s) or body (rf any): Addr8SS." Fircroft. Statton Road, w001aMbe, Devon, EX34 7AW IER October 2018
Section Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32. Ind8pendent examination of charity accounts: directions and guidance for examiners). Giv8 here brief detsils of any items that the examiner wishes to dlsclose. IER October 2018