2025-09-30-accounts

Document ID: 261763507455058

Charity number 1176269

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

2024 – 2025

Annual Financial Report

1[st] of October 2024 – 30[th] September 2025

Document ID: 261763507455058

Distribution

Chair	Mrs Lindsay Allix	Copy 1
Secretary	Mrs JessSzymankiewicz	Copy 2
Treasurer	Dave Eaton	Copy 3
Charities Commission		Copy 4

Ratified;

Signatures;

…………………………………………………..

Chair

……………………………………………………

Vice Chair

…………………………………………………. Treasurer

Document ID: 261763507455058

Financial year 01/10/24 – 30/09/25

Statement of accounts

Document ID: 261763507455058

Explanation of results

• The club has made an overall surplus of £5,498 in the year, a small reduction in the prior year.

• Income has reduced by £18.3k largely driven by a reduction in Grant and membership fees, both detailed further below.

• The club had £28k of normal operating costs relating to pool fees, club hut and general running costs. All other expenditure is covered by parent payments (kit and comps) or donations and grants (board purchases).

• With membership at £28k day to day costs are covered by membership fees with reliance on fundraising and grants for further expenditure on club kit etc.

Membership

• Whilst membership income appears flat in the financial results, there is a change in structure the year impacting the numbers. In the prior year, SLSGB membership fees (c£7.8k) were included in the fees the club charged to members which were paid on to SLSGB. In the year to September 2025, members paid those fees directly to SLSGB so are no longer part of the club’s membership fees and the actual increase in club membership is some £7.5k.

• Member numbers are materially increased in the year driving that membership fee increase.

	2024-2025	2023-2024
Limpets	28	12
Masters	49	105
Nippers	87	94
Parents	85	0
Seniors	7	4
Youth	46	32
Total	302	247

Document ID: 261763507455058

Grants/Donations

• Grants were down materially in the year with a large one-off grant from Woolacombe Bay of £15k in the previous year.

• A number of small grants and local business donations provide the £6k generated in the year.

• This continues to be a focus for the club with new grants being actively sought.

Competitions

• Competition fees of just under £18k, up from £13k in the previous year, demonstrates the increase in participation in SLSGB competitions by members.

• Competition costs of £16k are well covered.

Club kit

• Kit sales of £6.9k is up from £5k last year and generating a margin of £2.5k.

• Natural variances in stock purchase and sales timing account for much of this variance with actual markups on purchase prices much smaller.

Training and pool hire

• Pool fees have increased this year to £21.5k, up significantly from £16k last year.

• This reflects price increases from our providers as well as increased volume with more activity across all area of the club.

Equipment

• We have spent £7.1k on new boards and equipment this year.

Document ID: 261763507455058

Club hut

• Club hut costs of £4k reflect the transporting of the hut onto the beach for the year. The removal is a similar cost and the ongoing annual cost of this activity is some £8k.

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.

Club reserves

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

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Audit Trail

TITLE

WSLSC Financial Report Oct 24-Sept 25

DOCUMENT ID

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Process Started Jun 26, 2026 The document has been sent for signature. 02:44 PM Invitations Sent Jun 26, 2026 Sent for signature to 02:44 PM ([e-mail]) IP: 193.222.253.69 Invitations Sent Jun 26, 2026 Sent for signature to 02:44 PM ([e-mail]) IP: 193.222.253.69 Invitations Sent Jun 26, 2026 Sent for signature to 02:44 PM ([e-mail]) IP: 193.222.253.69 Viewed Jun 26, 2026 Viewed by 05:45 PM ([e-mail]) IP: 141.195.142.243 Signed Jun 26, 2026 Signed by ([e-mail]) 05:49 PM IP: 141.195.142.243 Viewed Jun 26, 2026 Viewed by 06:51 PM ([e-mail]) IP: 92.40.205.26

Audit Trail

TITLE

WSLSC Financial Report Oct 24-Sept 25

DOCUMENT ID 261763507455058 DOCUMENT PAGES 7 STATUS COMPLETED TIME ZONE Europe/London

DOCUMENT HISTORY

Signed Jun 26, 2026 Signed by 06:52 PM ([e-mail]) IP: 92.40.205.26 Viewed Jun 27, 2026 Viewed by 08:19 AM ([e-mail]) IP: 86.155.84.229 Viewed Jun 28, 2026 Viewed by 08:36 AM ([e-mail]) IP: 145.224.67.177 Signed Jun 28, 2026 Signed by 08:37 AM ([e-mail]) IP: 145.224.67.177 Process Jun 28, 2026 The document has been completed. Completed 08:37 AM