qlVI a
Borough of Waltham Forest Swimming Club
Trustees, Annual Report and
Unaudited Financial Statements
For Year Ended 31 December 2023
Registered Charity 1185492

Borough of Waltham Forest Swimming Club (BWFSC Gators)
Registered Charity 1185492
Trustses Annual Report & Financial Ststements
For Year Ended 31 December 2023
Trustees. Annual Report
Page3-7
Independent Examinerfs Report to the Trustees
Page 8
Statement of Financial Activities
Page 9
Statement of Financial Posrtion
Page 10
Notes to the Financial Ststements
Page 11-15

Borough ofwaltham Forest Swimming Club (BWFSC Gators)
Registered Charity 1185492
Trustees Annual Report & Financial Ststements
For Year Ended 31 December 2023
The trustees present their report and the unaudited financial statements of the charity
for the year ended 31 December 2023
REFERENCE AND ADMINISTRATIVE DETAILS
R•g18t•r•d Charlty Nam•
Borough of Waltham Forest Swimming Club
R•gl8t•r•d Charlty Numb•r
1185492
Prlnclpal offlc•
59 Wellington Road, London, E112AS
Trust••s
Chaimian
Darren Ashcroft
Secretary Margaret Tanner
Treasurer
Kamila Zapala
Coaohlng T•am
Head Coach Harley Hicks
Ind•p•nd•nt E￿ffi1n•r
Agnieszka Wirkowska
23 Southwell Grove Road
London E114PP

Borough ofwaltham Forest Swimming Club (BWFSC Gators)
Registered Charity 1185492
Trustees Annual Report & Financial Ststements
For Year Ended 31 December 2023
CHARITY OVERVIEW AND OBJECTIVES
The Borough of Wattham Forest Swimming Club (BWFSC Gators) was formed
in 1986 through a joint initiative of the Borough Swimming Clubs and the local
Borough Council. The amalgamation led to a period of growth and measured
success with locally produced athletes that would have a significanl importance on
County, Regional and National levels as well as some international successes.
Today we're a diverse and inclusive swimming club with a purpose to promote
swimming skills in the local communities of North East London and South West
Essex. We are no longer financially or otherwise supported by the Borough of
Waltham Forest which put a considerable strain on club's finances particularly during
the Covid years and post Covid recovery.
BWFSC Gators has enjoyed many years of producing quality athletes as well
as competitive youngsters at all levels of competition and has been awarded Swim21
Accreditation at Competitive Level since 2009. BWFSC Gators has adopted
the National Plan for Teaching Swimming as the core prograrnme throughout which
young children learn to swim and develop a love of the sport. The club continues to
attract children at the earliest age to undergo the basic skills of water safety,
swimming techniques and further on to competitive levels of the sport. The specific
programmes within th6 club allow for swimmers at these levels to compete as a team
or as individuals for swimming events leading up to County, Regional and National as
well as occasionally at International Level.
BWFSC Gators is committed to treat everyone equally within the context of its
activity. This shall be, for example, regardless of sex, ethnic origin, religion, disability,
or political persuasion, on any grounds and we implement the ASA Equal
Opportunities policy.
BWFSC Gators swimming club plays a huge role in ensuring our community's
wellbeing. Through active engagement in sports and belonging into a supportive
community Yrfe help improve our members physical and menlal wellbeing.
STRUCTURE, GOVERNANCE AND MANAGEMENT
In September 2019 BWFSC Gators was formed as a charitable incorporated
organisation registered with Charity Commission and govemed by its constitution,
also known as club's rules. The constitution sets out the club's objects as teaching,
development, and practice of swimming for its members. The club continued in this
form throughout 2023.
The trustees and the committee members are elected by ballot at the Annual
General Meeting each year. The Committee as set out in the constitution consists of
the Chairman. Secretary and Treasurer {together 'lhe Executive Officers of the
Club"). The club also has a Welfare Officer. There were no new appointments during
2023. However. the Chairman has expre&sed the d8sire to step down and therefore

Borough of Waltham Forest Swimming Club (BWFSC Gators)
Registered Charity 1185492
Trustees Annual Report & Flnancial Ststements
For Year Ended 31 December 2023
th6 club has started looking for a new chairman. Any vacancy occurring by
resignation or otherwise is filled by the Committee.
2023 continued to be challenging as engagement from community and
volunteers continues to be limited to a few performing substantial roles within club's
operations. We pride ourselves in continuing to create paths for our swimmers with
many continuing to take on active roles as coaches, lifeguards or volunteers within
our club.
ACHIEVEMENTS AND PERFORMANCE
BWFSC Gators continued to rneet rts charitsble objective In providing
opportunities for children to lake part in swimming activities for purposes of both
fitness and competitive swimming. Most of the year we operate at capacity across
the squads as families embrace group activities, bringing our memberships up.
The club operates 43 swimming sessions a vRek and 53 hours of training
from learn to swim to masters across 4 locations.. Sylvestrian Leisure Centre, London
Aquatic Centre, Chingford Leisure Centre and Waltham Forest Feel Good Centr&.
We also do land training for our aspiring performance squads in London Aquatics
Centre. We are currently at a 5 year membership high wilh 261 active members on
the book8. That's a 12-month programme increase of over 35Yo and in Learn To
Swim ('LTS") specifically we grew this year thanks to our structural changes that
allowed an extra 30-rninuta slot for LTS on a Monday night.
Our 'in the pool" success has meant we have been able to attract a sponsor
this year in Scuturn Group. Scutum are supporting our Performance element of the
club and wish to even the playing field when it comes to opportunities given to high
performing and committed swimmers at a smaller local club like ours. This has meant
our swimmers are benefiting from subsidised swim camps, including our Saturday
training programme which has given our fastest 23 swimmers access to an extra 24
hours of training throughout the winter season. We have also begun to build a closer
Partnership with Forest School who have invited some of our senior swimmers to
train with the schools Perfonnance Programme.
Over the period, our learn to swim section continued to develop and progress
into the main club to start their competitive training programmes. Swimmers in the
training groups developed their competitive skills in many swimming competitions
from local leagues to County and National championships wrth success for many
individuals not only in perfomiance achievements but in personal development. The
charity's swimmers managed to achieve some exceptional results during 2023..
42 County QUaIrf￿r8
16 Regional Qualifiers
7 National Qualffiers
1 Brits'sh Championships Qualifier

Borough of Waltham Forest Swimming Club (BWFSC Gators)
Registered Charity 1185492
Trustees Annual Report & Financlal Ststements
For Year Ended 31 December 2023
We maintained high county qualifiers tally with multiple swimmers winning
medals. Similar accolades were collected at Regional level.
We have run three Level 3 Home Galas this year as well as two Level 4 club
champs. These events continue to be a successful and highly profrtable undertaking.
Level 4 events give our young swimmers ability to test themselves in a competitive
yet familiar environment. Level 3 events significantly helped to offset the pool hire
expenditure increases towards the end of 2023 with a full impact anticipated during
2024. An ongoing area of concem is our ability to host future galas due to the
volunteers and personnel required to run a licenced meet. We would like more
parents to volunteer in this area, we need officials and a club referee. Considering we
froze membership prices during last few years we will now need to look at that again
as we approach 2024 to ensure we build stable operations for the upcoming 2 to 3
years.
The charity continued to support parent volunteets in achieving qualifications,
allowing them to contribute to the charitable aims over the next few years. In addition
to that some of our members completed Swim England Level 1 coaching qualification
as we continue 8UPPOrting our members with all pathway8 from leam to swim through
competitive to masters and coach training.
RESERVES POLICY
Borough of Waltharn Forest Swimming Club is a charitable organisation.
Membership fees for Training Squads and Learn to Swim (LTS) are to going to be set
at an overall level that covers the club's material expenditure. Executive team has
agreed to that we need to increase our fees from 2024 onwards and run at least 2
galas each year alongsid8 SU5tsinable fee income to cover the club's full running
costs and build a reseNe. This has been included in our forecasts.
The Reserves Policy is to maintsin sufficient level of reseNes to enable normal
operating activities to continue 8hould a shortfall in income occur and to take account
of potential risks and contingencies that may arise from time to time. As BWFSC has
no ongoing overheads because pools are hired as required, Trustees have agreed to
aim to build a reseple to cover freelance coaches, fees for one month £6.5k and one
month of pool hire £7.2k reserves of £13.7k required to ba build over the next 2
years. Trustees acknowledge reserves should ideally be 3 months and will have to
incorporate this into the planning over the next 2 years. We had a good year in 2023
and all we need is to repeat it again in 2024 by-.
1. Building membership back up to 260-280 members
2. Run 213 club home galas
3. Look for fundraising opportunities and sponsorships
The policy will be reviewed annually by the Committee

Borough of Waltham Forest Swimming Club (BWFSC Gators)
Registered Charity 1185492
Trustees Annual Report & Financial Statements
For Year Ended 31 December 2023
PUBLIC BENEFIT
The trustees have complied with their duty to have due regard to the Charty
Commission's public benefit guidance when exercising any powers or duties to which
Ihe guidanca is relevant.
SUMMARY
As a final note, we would like to thank all our coaches, members, parents of
our swimmers, all other members as well as club's friends for their continued support
of our activities. We also wanted to thank many local businesses that put forward
prizes for our raffles. There are many people to thank for the support they have given
over the years. Thank you to you all for your interest, support, and commitment to
BWFSC Gators now and in the future
The Trustees Annual Report was approved and signed on behalf of the board of
trustees by:
Margaret Tanner
Secretary
Kamila Zapala
Treasurer

Borough of Waltham Forest Swimming Club {BWFSC Gators)
Registered Charlty 1185492
Trustees Annual Report & Financial Statements
For Year Ended 31 December 2023
FINANCIAL STATEMENTS- INDEPENDENT EXAMINER'S OPINION
I report to the Trustees on my examination of the accounts of Borough of Waltham
Forest Swimming Club (BWFSC Gators) for the year ending 31 De￿rnber 2023.
As Trustees of the Charity, you are responsible for the preparation of the accounts in
accordance with The Charities Act 2011. 1 report in respect of my examination of the
Charrty's accounts carried under section 145 of the 2011 Charities Act and in
carrying out my examination I have followed the applicable Directions given by the
Charty Commission under section 145(5)b of the 2011 Charrties Act.
I have completed my examination arKI no material matters have come to my attention
in connection with the examination and therefore I can confirm that
a) Accounting records vrfere kept in r88pect of the Charity as required by section
130 of the Charrties Act 2011
b) The financial statements were prepared in agreement with the accounting
records
c) The financial statements comply with the applicable requirements concerning
the form and content of the accounts as set out in the Charities (Accounts and
Reports) Regulations 2009 and give a 'true and fair view, of the financial
performance for the period
Agnieszka Wirkowska
Agnieszka wlrkov￿ka
23 Southwell Grove Road
London
E114PP

Borough of Waltham Forest Swimming Club (BWFSC Gators)
Reglstered Charity 1185492
Trustees Annual Report & Flnanclal Statements
For Year Ended 31 December 2023
STATEMENT OF FINANCIAL POSITION
Accounts Year End 31st December 2023
Unt••lrtot•d R•*trtot•d
Totsllunth Total fund•
Inoom• fvndj 2023
2022
Notes
PLY•d ••W•
TarvJible a5601$
CuN•nt ￿8•11
D8btors
C•8h al bard( •rKI In hr
2.708
8,55B
21 $67
152
Cfe(41ors'. 4mount8 18WrvJ dua vthn on
year
M•t awv•nt #I••￿1￿*bI1￿•8l
432
2,152
15,748
Totsl a￿•ty kn• ¢urr•nt IlAblll
A￿UM￿￿t*d fund
R88trfcted income furyl$
UNeslrl¢t￿ fuThl8
15,746
15.748
9,598
Resu￿ for the p•rfod
432
Tha Th)tos forn part of th• 8CCOUrts

Borough of Waltham Forest Swimming Club {BWFSC Gators)
Registsred Charity 1185492
Trustees Annual Report & Financial Statements
For Year Ended 31 December 2023
STATEMENT OF FINANCIAL ACTIVITY
Accounts Year End 31st December 2023
Unr•strk4t•d R•slrf¢t•d Total funds Tatal fvnds
funds
knoom• fund$ 2023
Notes
Dorkgtlor6 aTrJ ￿gaCleS
Charitsbl8 actlvitles
Otsr Tradiro Aclwites
1,426
244,126
15,000
18,428
244.128
201
179,812
280 552
180013
R•sourn•s •xp•nd•d
RalslrvJ fuThds
Ctsritablg actlvitles
Olh8r
rot
229,258
115
229 374
12,845
242,103
118
242 222
189,610
189610
N•t mov•M•nl In lunds f•r th• y•ar
16,178
2,152
18,330
9,598
Tot81 I￿￿$ at 1st JaN8ry 2023
Tot81 fuThYs at 31st December 2023
433
Th8 mtes fomi part of the accounts
The financial statements were approved by Trustees and signed on their behalf
by
Margaret Tanner
Secretary
Kamila Zapala
Treasurer
10

Borough of Waltham Forest Swimming Club (BWFSC Gators)
Registered Charity 1185492
Trustees Annual Report & Financlal Ststements
For Year Ended 31 December 2023
NOTES TO THE ACCOUNTS
1186492 BOROUGH OF WALTHAM FOREST SWIMMING CLU
Not• l Aooountlng PollBkns
Ba•1• of th• flnan¢lal *t4t•m•nts
The ffinandal 8ts1emenls have been prepared In &cordance vAth Accounllng and Reporting by Charltle8". Statement of
Recommended Practl¢e applicable lo charities preparlng Ihefir accounts In ac￿rdanCe ￿1th lh8 Financlal
Reportlna Sland8rd applicable In the Unrted Kingdom andRepubllc of Ireland (Charities SORP FRS 102) issued
on 16 July 2014, the Financlal Reportlng Stsndard applicable in the UK and Republic of Ifdand IFRS 1021 and the
Charille¥ A¢t 2011. The financlal 81atements have been prepared under the hist￿￿1 ¢ogl convention. Tho flnancLql
Slalements are prepared in sterling. ￿thIch 18 the fvnctlonal currency olthe company. Monetary amoun18 In these flnanclal
Btatements are rounded lo thè nearest £.
Fln*nol•l r•portlnq #tsndl￿ 102 - r•duo•d d1•ol￿UTr •x•mptloM
The chaty ha8 taken advantag8 of the IdI￿n9 dl&dosure 8￿Mpl￿On In prgparing these financial $lalemen16, as
permltted by FRS 102 'The Finanoial Reports'ng Standard appluble In the UK and Republlc of Ireland,:. the requlremenls
of Seclth 7 Statement of Cash Flows.
Inoom• (Not• 21
Al income is recognl8ed In the Statement of Flnanclal Act￿tIeS one8 the charlty ha8 enlrtlement to the fund8, tt18
probable that the Income w111 be recelved and the amount can bè me88urÈd rdlably.
Exp•ndl￿r• (Nol• 31
Llabilitie8 are recognised a8 expendllure as 800n as there Is a legal cf construct￿e obllgatlon commltllng the chadty to
that expendrture, K Is probable that a transler of economlc benefbts IMII be requlred in 88ttlemenl and the 8mount of the
obligallon can be maasured rellably. E>pendfture18 8c¢ounted for on an acorual8 bag1$ and hgs been c1&88Med under
headlngs that aggregate all c08t related to the category. Where cost8 cannot be direclly attrlbuted lo particular heading8
they have been allocated lo aclplts.es on a basis consistent with the use ol re80urce8.
Tanolbl• flx•d a•••ts
Charity currently own8 no a88ets bul if Buch e￿sted deproGlatbn V•vuld be provlded lor at an approprlale annual ratge In
order to WTite off each asset over Ils eBtimalèd useful life. Flxtures and frttlng8 Includlng equiptmenl al 20% on a Blraighl
lin6 bas18.
T•xqtlon
The charlty18 exanpt from corp￿akn tax on Its charftable actlvlttè8.
Fund ac¢ountlno
Unre81ricted fund8 can be used In accordance Yilh the Charitable Object￿88 at the dlscretion of the trustees. Re8trkled
fund$ can only be used for partlcular restricted purposes wthin the oblecls of the charfty. Re8ldctlon8 arfse when
Sp￿fied by the donor or vknen fund8 are ralsed for particular re81rkled purpo$e8.
R•8•piM Poll¢y
Trugle88 commit lo bulldlng up to the equivalent ol at lea81 £15k in reserve to safelluard agaln8t future eh*ges in ino)me
and expenditure. Charlty ha8 made geod progre$$ towards Ihls goal durino 2023 and aims to achleve tt or come close lo r(
during 2024.
11

Borough of Waltham Forest Swimming Club (BWFSC Gators)
Registered Charlty 1185492
Trustees Annual Report & Financial Statements
For Year Ended 31 December 2023
Not• 2 Inoom•
An•trJls ol Inoam•
fundg
knoom• funds 2023
2022
Domtions arnl gift8
•nd l•qaol•s: Grant8
1,426
1,426
201
15000
Totsl
201
Member8Np F
Jolnirg Fees
Tralniro Sesslons
Boolcamp8
GaLqs
Home Ga
Club Ch&mp8
Kit S￿P
Di8CO
Interest rècalved
16,606
5,700
136,325
16,6C6
5,7C()
136,325
15.937
Chartab
121,358
11,501
65,288
11,501
65,288
4,9C()
1,79)
1.858
161
14,712
14,785
5,412
1,338
2,367
1.790
1,858
181
244,126
Totsl
179 812
Totsl Inoom•
245 552
260 552
180012
R•slrlot•d Fund of £15k r•presents the Scutum Group grant for perfomiance element of the club and
wlsh lo even the playlng field when It comes to opportunltl88 glven to high p8rformlng and commltted
$wlmmer8 at 8 smaller club like our8.
12

Borough of Waltham Forest Swimming Club (BWFSC Gators)
Registered Charity 1185492
Trustees Annual Report & Financial Ststements
For Year Ended 31 December 2023
Not• 3 Exp•ndllur•
Unr•strlot•d R•$lrlat•d
lunds
Inoom• funds 2023
2022
Exp•Trd￿r• rn18kng lunds:
SLmdry c06ts
T•l•l •xp•nd*ur• an rAIBlnq fund*
Exp•nd*ur• •n •h•rtalJl• aathiitl•s:
Pool trdte
86,222
75,267
86,222
75,287
9,548
10,427
31,643
11.8C
934
75,116
75,685
6,700
13,645
9,792
Coaches
ASA Member8Np
Gala Costs
10.427
31,643
Home Gab Co8ts
Bootcany C08tB
EqLipment
TralnlrvJ
Kil Shop
Paymert proce881ng fee8
Webstte
11,800
41
893
1.770
2,382
6,683
1,082
25
2,382
6,683
1,082
5,078
164
T•tsl •xp•ndlbJr• on oharkal>l• aoth*MI•8
229 258
242 103
189610
Oth•r
Ba￿ ohgTges
Bad debt wrfte off
Accowrtaroy
TolAI oth•r •xp•ndltur•
115
118
115
118
Totsl Exp•nd1￿r•
189610
13

Borough of Waltham Forest Swlmming Club (BWFSC Gators)
Registered Charity 1185492
Trustees Annual Report & Financlal Statements
For Year Ended 31 December 2023
Not• 4 Ind•p•nd•nt Examln•rs F••s
2023
2022
Ind•p•nd•nt •xarnln•r's f••s
T¢)tal
Not• 6 T*nglbl• Ass•ts
2023
2022
Tanglbl• A88•ty
Total
Ilot• 8 D•btorg and Pf•pwn•nts
2023
2022
Trad• d•blors
Pr•p4ym•nts and a¢¢N•d In¢om•
Tolal
6,658
Not• 7 Crndlkord and d•f•rr•d In¢om
Amounts lallng du• wlthln
on• y•ar
2022
2023
Trad• ¢r•dltorn
Bad D•bt Provlslon
A¢¢ruals and d•f•rr•d In¢om•
Totsl
Not• O C•sh at th• bank and kn hand
2023
2022
Cash al bAnk Ind on hand
12,364
12,364
TotAI
14

Borough of Waltham Forest Swimming Club (BWFSC Gators)
Registered Charity 1185492
Trustees Annual Report & Financial Ststements
For Year Ended 31 December 2023
Not• • Pund5 movem•ntln ounvnt
Fund b•L•no•s
Fund l)thno
TrnMf•rn
G•Mral FWKI
115,7451
245,552
1229,3741
433
R•61rict8d
R￿t￿cl•d Fur
T•tsl Funds *• p•r ￿l•no• •h••t
15,CQO
280.662
2,585
N•1• 10 R•ht•d pirt
* r•Lthd p•ty trpAoctkrn too* pla￿ Ir*ll* ￿r to 31 Dec•rthr 20rJ. altlw tr￿t0•1 b￿n p•kl •ry r•c•hd ot￿r
fr¢m tto or a rO￿t*1 d￿rg 2023.
15