2024-09-30-accounts - Woolacombe Surf Life Saving Club (CIO)

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Charity number 1176269

Affiliated to The Surf Life Saving Association of Great Britain – Charity Number 1015668

2023 – 2024

Annual Financial Report

1[st] of October 2023 – 30[th] September 2024

Distribution

Chair Mrs Lindsay Allix Copy 1	Chair Mrs Lindsay Allix Copy 1
Secretary Mrs JessSzymankiewicz	Copy 2
Treasurer Richard Murray Copy 3
Charities Commission Copy 4

Ratified;

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Signatures;
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Chair
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Joanne Hibberd (Feb 28, 2025 07:50 GMT) ……………………………………………………

Vice Chair

………………………………………………….

Treasurer

Financial year 01/10/23 – 30/09/24

Statement of accounts

2023-2024	Column 1	2022-2023	Column 2
INCOME	Total		Variance
Memberships	£28,396.25	£25,217.28	£3,178.97
Grants/donations/HMRC	£25,024.56	£14,264.13	£10,760.43
Training - Masters/Limpets contributions	£0.00	£210.50	-£210.50
Competitions	£12,858.55	£8,640.36	£4,218.19
Kit	£4,888.52	£6,876.88	-£1,988.36
Fundraising	£9,852.06	£9,987.89	-£135.83
Bank interest	£622.72	£99.68	£523.04
Total	£81,642.67	£65,296.72	£16,345.95

Expenditure
SLS fees	£7,805.00	£6,854.20	£950.80
Stripe fees	£688.49	0	£688.49
Refunds	£139.17	£13.00	£126.17
Club hut repairs and movement costs	£2,748.39	£16,132.00	-£13,383.61
Training - pool hire	£15,895.68	£9,656.70	£6,238.98
Accreditations/competencies/coaches training	£3,613.28	£749.00	£2,864.28
Competitions/team support costs	£11,933.10	£10,089.00	£1,844.10
Club kit	£4,955.50	£8,014.46	-£3,058.96
Engraving	£476.94	£163.27	£313.67
Reps Misc	£105.95	£41.25	£64.70
Fundraising	£2,114.65	£3,115.00	-£1,000.35
Equipment/repairs	£24,045.83	£9,029.62	£15,016.21
Total	£74,521.98	£63,857.50	£10,664.48
	£7,120.69	£1,439.22	£5,681.47



Account	Balance 01/10/23	30/09/24	Profit/loss
Current (CIO)	£ 8,584.98	32,845.70	£ 24,260.72
Membership	£ 17,882.88	0.00	-£ 17,882.88
Club hut savings	£ 10.77	10.90	£ 0.13
Grants	£ -	120.00	£ 120.00
Fixed term savings	£ 17,695.00	18,317.72	£ 622.72
			£ -
Total	£ 44,173.63	£ 51,294.32	£ 7,120.69

Explanation of profit/loss

The club has made an overall profit of £7,120.69
The club has had an increase in net income this year through increased membership fees, reduced club hut charges and sustained strong fundraising and grant/donation activity.
The club had, roughly, £28k of normal operating costs relating to the pool, fees, club hut, repairs and engraving. All other expenditure is covered by parent payments (kit and comps) or donations and grants (board purchases).
With membership at £28k that does show how sensitive the finances are to change and the importance of fundraising and social events to drive a financial buffer for the club.

Membership

Numbers are down. 8 fewer nippers and a reduction of 14 across Parents/Masters.


	2023-2024	2021-2022
Limpets	12	15
Masters	105	49
Nippers	94	102
Parents	0	70
Seniors	4	7
Youth	32	31
Total	247	274

Grants/Donations

Another very successful year of fundraising
£15k donation from Woolacombe Bay for boards.
HMRC gift aid of circa £3k.
A number of small grants and local business donations providing the remaining circa £7k

Competitions

Comp fees of just under £13k, with costs being circa £12k. Healthy.

Club kit

Sales and expense of just under £5k, means no margin hitting the account, however we hold stock of £2,588 with a potential sales value of £3,088.

Training and pool hire

Pool fees have increased this year to £16k, up significantly from £9.5k last year.
We have spent £3k on training parent helpers, which was necessary to adhere to our insurance policy.

Equipment

We have spent £24k on new boards and equipment this year.

Club hut

Prior year cost was £16k, a much improved cost of just under £3k this year. However it’s hard to project what this cost is each year, with the risk remaining, if our hut is moved in isolation, of incurring significant costs again. Committee needs to consider mitigating this risk.

Savings account and interest income

With the locked funds for future Club hut works in a high interest account with Lloyds we generated circa £700 of interest.

Asset list

Board inventory to be completed.

Club reserves

The Club is in a satisfactory financial position to maintain current activity and cover future risks.

WSLSC Financial report Oct 23-Sept 24.docx

(1)

Final Audit Report 2025-02-28

Created: 2025-02-24 By: Richard Murray (richard@leghorn-hen.com) Status: Signed Transaction ID: CBJCHBCAABAAAM_CVN9fYGeHRJZjkxDTS3TYI92-MUGi

"WSLSC Financial report Oct 23-Sept 24.docx (1)" History

Document created by Richard Murray (richard@leghorn-hen.com)

2025-02-24 - 12:32:02 PM GMT

Document emailed to vicechair@woolacombesurflifesavingclub.org for signature 2025-02-24 - 12:32:23 PM GMT

Email viewed by vicechair@woolacombesurflifesavingclub.org 2025-02-28 - 7:47:31 AM GMT

Signer vicechair@woolacombesurflifesavingclub.org entered name at signing as Joanne Hibberd 2025-02-28 - 7:50:33 AM GMT
Document e-signed by Joanne Hibberd (vicechair@woolacombesurflifesavingclub.org) Signature Date: 2025-02-28 - 7:50:35 AM GMT - Time Source: server

Agreement completed.

2025-02-28 - 7:50:35 AM GMT