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;** **----- Start of picture text -----**
Signatures;
…………………………………………………..
Chair
**----- End of picture text -----**
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 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;** **----- Start of picture text -----**
Signatures;
…………………………………………………..
Chair
**----- End of picture text -----**
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 IP4fOME :. 2023 25218 Tr•lnlng lavthlhlrvj {onlkn• •lw) 8Ank Intw••t 1927 823 81641.1Kl 01972.fy) M•mbw•h 7PA)5 11933 Trnknino (Jilkn• Shop Ep• 13 749 8014 3613 E￿pm•ftt FthJrnbk¥J 2115 Chjb Fbjt 2748 18132 74719 SURPLUS NCCWE OVER &XPENtxrLIIE 44372 8donc• potty Al 1•t Othbw 2023 tr11 32645.70 10.89 120.00 l>Jb AC&￿rrt t￿721053 Grants Ac￿￿nI 17157280 18317.72 Mrn Jwwt K EX34 7AW