O￿Tity 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 ￿ Ou￿121- 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
£63*57.50
£1.439.22
Explanation of profftlloss
The c￿b 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 im￿ct 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
C￿b kll
£ 3,226.79
£ 163.27
163
TTrini
£ 210.50
£9.65&70
£19.446.201
£1749.00)
A¢¢￿011*tiOb￿1c0M
£ 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 CoM￿lt￿ when
memberthip details were checked.
Competitions
C￿b 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 r￿p￿d.

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 n￿re 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 c￿b 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 aCCe￿d 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 ￿d￿ce 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 pred￿tIOn of future costs forthis process has been requested (but not
received). A￿ditIonal 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 fundra￿Ing 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 J￿e5. 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 dor￿r$ 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. AddIt￿nal 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 comp￿ted 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) cOn￿mS 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, w001a￿Mbe, 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