CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinetrs Report Report to the trustees ASCOT ROYALS SWIM CLUB On accounts for the year ended 3110312024 Charity no {if any} 1192409 Set out on pages I report to the trustees on my examination of the accounts of Ihe above charity {"the TrustJ for the year ended 3110312024. Responsibilities and basis of report As Ihe charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charilies Acl 2011 {'the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in ¢arying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)Ibl of the Act. Independent tThe charity's gross income ex￿eded £25,000 and l am qualified to examiner's statement undertake Ihe examination by being a qualified member of IICAEW]. I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination (other than that disclosed below "I which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance wilh section 130 of the Charities Acl", or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that Ihe accounts give a 'true and fair. view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the w s in the brackets if they do not apply. Signed- Date: 1410312025 Name: JAHAN ASLAM Relevant professional qualificationlsl or body lif any)". ICAEW IER Oct 2018 Address: PROFILE WEST, SUITE 2, FIRST FLOOR. 950 GREAT WEST ROAD, BRENTFORD TW8 9ES Se¢tlon Disclosure Only ¢ornplele if the examiner needs to highlight maleiial matters of concern {see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any iterns that the examiner wishes to dlsclose. IER Oct 2018 ip Charity Registratlon No. 119241)9 (England and Wales) ASCOTROYA15 SWIM CLUB ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDEO 31 MARCH 2024 11Page ASCOT ROYALS SWIM CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trustees N Wanilin8 M Hall D WaLsh CharSty number IEDKland and Watesl 11924C8 Company Secretary Clafe Kennedv Prln¢lpal address 43 Slickle Dthvn Deepcut Surrey GU166GB Independ¢nt Ex4Tnlner Jahan Aslam ICAEW 21P8gg TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Pa8e Tiustec5' report Statement of Irustees, responslbllltles Independent audltor's report Statemert of Ilnanclal actlvltles io 8alance sheet li Note5 to the flnanclal statemonts 12 31P8g8 TRUSTEES, REPORT (continuod) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present iheir report and financial statcments for the year ended 31 March 2024. The accounts have been prepared in accordance wlth the accountin8 policles set out in nole I to the accounts and comply with the charlty's governlng docurnent. the Char5ties Act 2011 and -Accountlng ènd Rcportlng by Charltles.. Statement of Recommondod Practlce appllcable locharllles preparlngthelr accounts in accordance with the Financlal Reportlng Standard appllcable in the VK and Republic of Ireland IFRS 1021 leffectlve l January 20151" Oblectlves and aetlvltles The objects of the Club shall be the development and practice of swimming, for its members and shall. where appropriate, be to compete. The main activities undertaken for the public benefit in relation to these DbjectSve5 are as follows,. Teaching of advanced swlmming technlqijes Coaching swimming tts enable participants to compete atvarying levels Thè trusteès have paid due regard to gvid8ntÈ 1SSUgd by the Charity Commission In publlt beBeflt. Achlevementsand performance When A5COt Aoyals was forrned in 2019, the club's aim w35 simple.. to create a more acce55ible pathway Into tompetitlve swimmlnH. Llttle dad we know one of our blg8est challenges would arrlve so qulckly. Through socially distanced sessions and long breaks ID tralnlng, we perseverod. By 2021, we were slowlv returning to normality, holding our first meetlng that November at Bracknell Leisure Centre albelt without 5peciaror5 as wo cmerged from the pandemic. By 2022, we had grown to two squads and two coache5. That year, we achieved a 5i&nifSLant milestone bv participaling in the Countychampionships Wlth two glrls, 12-13 years relay teams and six indSvldual quallfying swimmers. Since then, Asiot Royals have gone from srrength to strength. Thanks to the hard work and passion of everyone Involved. the result5 Speak for themselvcs.. For the January 2025 County Championship5, the Club has 16 relay team5 acros5 three age groups and an Incredible 80 Individual qualified 5WIrnS. Our ctsaching team has grown to six regular coache5, SUPPOrting six f¢intastiC 5quad% of swimrners. Behind the scenes, we are fortunate to have an exceptional nelwork ol volunieers. including two dedicated parents who mènage welfare and coordlnète essential support. 41Page TRUSTEES, REPORT Icontinugd) FOR THE YEAR ENDED 31 MARCH 2024 Flnahclal rwlew Cash at bank on 31st Maich 2024 was £2,605 ID unrestricted furK15 Wth no restrlctod thjnds. The Trustee5 will carefully monitor theirfinancial postilon and take appropriate decisions when necessary. At the year*nd. the chartty had no festrkted or unre5trirted reseNes and a surplus of £4,320. RÈseNes pollcy The main financral r15k to charity is reduced membership. It is the intention of the Trustees to build reserves equal to lour months of operational costs. The trustees have assEssed the risks to which charity is exposed and ale satisfied that 5VStems are in place to mitigate the chall8nges arising from the residual impact of the pandemic and the cost of the livlng crlsi5 now faung the coiEntry. 51Page TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 FUTURE PiANS Future plan5 forAscot Royals Swlmmlni al l. Exparnslon of tTainin8 squads 2. Increase in County Championshlp Qualilicaiion Ilmes 3. Recrultment of volunieers 4. Recrultment ol qualified ilmekeepers and offlclals 5. H05ting licensed Swtm £ngland Competitions 6. Recruitment and retentton of younger swimmers 7. Club iTrfra5tructure development B. Enhanced community engagernent By Implcmentlng these plans. Ascot Royals Swlmmiftg Club aims to further its reputation a5 a nurturln8 and competitlve environment, fostering Browrh ai all levelsand ensuring the succe5$ of both individual swimmers and the club. STRUCTURE, GOVERNANCE ANO MAPJAGEMENT Governln8 doamiwt The charlty 1$ controlled by Its 8ovemln8 d¢xument, a Conslltutlon of a Charltable Incorporated Or8anlsatlon. R•crultm•nt ènd appolniment of new truste•s Trustees are appolnted at the Annual General Meetln8. strurturel governance and management The charlty is a Charitable Incorporated Organlsaiion ICIOI. The charlty1$ 8o¥erned by a tonstltution with the ¢harlty trustee5 as the only volin8 rncmbers. If the CIO Is wound up, the member5 ofthe CIO have no Ilability to contribute to tts assets and no personal respgnsibllity for settlin8 Its debts and Ilabililie The trustees who served durin8 the year and up to the date of signatureof the financial statement5 were.. Nimo wan￿1n Matthew Hall Danlel Walsh In selectln8 individual trustees for appointments. Ihe tharity trustee5 must have regard for the skllls. knowledge and experience needed for ihe effective admlni5lration of the CIO. 61Page TRUSTEES, REPORT {continued) FOR THE YEAR ENDED 31 MARCH 2024 Organlsatlonal AfU¢ture Membership of the club is open to people who are able to achieve level 6 and above the Swim England Leam to Swim stage5. There is a Ehlld welfare poliLY in place and disclosure and barrlngservlce checks are completed for all employed and voluvteers prior to takin8 vp position within the charity. Management The company'5 current Pol￿ concernin8 the paymèntoftrade creditors is to: settle the term50f payment wlth suppliers when agreeing lo the ternis of each transaction. eftsure that suppliers are made aware ol the temis of payment by indusjon of the relevant term5 in contracts.. and pay in zccordJncc wlth the company's contractual and other legal obllgatlons. The charltvs Company Secretary, cla￿ Kenne0￿, oversees the dutles and day-to-day management of the charitys woik. M5. Kennedy is responsible for thecharity's banking and contractual relationshlps, reports to thÈ trustees regularly and coordin3tes the tTUStee meetings. The Board ofTrustee5 approved thetwstee5' reporL N Wantling TrLtstee, Chair TIPage ASCOT ROYALS SWIM CLUB STATEMENT OFTRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees are re5pon5ible for preparlng theTrustees' Report and thè accounts in accordance with applicable law and Unlted Kingdom AccountSng Standards (united Kingdom Generally Accepted Accounting Practlcel, Th￿ law applicable to cliarities irs England and Wales rpquires the irustee5 to prepare accounts for each flnanclal iiear which glve 3 true and falr vlew olthe state ol affairs of the charity and ol the incomlng resources and applicatlon of the charity lor that year. In preparing these accounts. the trustees are roqulred to.. select suitable accounting policies And then apply them consistently. ub5ervE the methuds dnd principles in the Charitie5 50RP,' make judgeTnent5 dnd estimate5 that are reasonable and prudent,. State whether applicable dccounting standards have been followed, subject to any maièrlal departures disclosed and explained in the accounts,. and prèpare the accounts on the going concern b8515 unless It Is Inapproprlate to presume that the charity will continue in operation. The tru5tee5 are responsible for keeplng sufficient accounting retord5 that disclose wllh reasonable a£curaLy at any tirne the financial position of the charity and enable them to enstjre that the atcounts comply with the Charities Act 2011, tlie Charity (Accounts and Reportsl Regulatlons 2008 and the provisions of the trust deed. Thcy are also responslblo for safeguarding the assets of the charlty and hen¢e for taklng reasonable steps lor the preventlon and detection of fraud and other irregularities. 81Pag ASCOT ROYALS SWIM CLUB INDEPENDENT EXAMINERS REPORT Oplnk>n I have no con￿rn5 and have come ècross no other matter in ¢onnectlon wlth the examinatlon to whlch attentlon should be drawn In thls report to enablea proper understandlng of the accounts to be reached. ResponslbSlltles aftd baslsof r*port As the charlty trustee of the Trust. you are rc5ponslblÈ for the kYeparat5on of the accounts In accordance wlth the requlfernents of the charl￿e$ A¢t 20111'the Att'l. I report on my examlnation of the Trust's accounts carrled out under Section 145 of the Act and in carrylng out my examln8tlon I have followed all the applicalAe Dirertions glven by the Charlty Commlsslon under Section 1451511bl OF thc Aci. Independent eMamlner'$ Jtsternent I have completed my examinatlon. I confirm that no materlal maiters have come to my attentlon In connectlon wlth the examlnatk¥n 8lvln8 me cause to bplleve that Sn any materlal re5PllCt.. l. accountin8 records were r￿t kept In respett of the Trust as requlred by 5ectlon 130 of theAct; or 2. the actounis do not a¢¢ord wlth those records: or 3. the accounts do not comply ￿th the applIca￿e requlrement5 toncernln8 the form and content of accounl5 set out In the Charllles (Accounts and Reports) Ae8ulation$ 2008 other than any requirement that the accounts glve a Irue and falr vlew whkh Is not a malter ￿nSIdered as part of an Independent examlnatS0n. I havo no concerns and have come across no other m¥lters In connection wlth the examlnatlon to whkh attentlon should be drawn In thls report In order to Ènable a proper understandln8 of the accounts to be reached. Mr. lahan Aslam ICAEW Profile Wost 950, Gfeat West Road, Flrst Floor,Suite 2, 8rentford TW8 9E5 91Page ASCOT ROYALS SWIM CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 INCOME & EXPENDITURES STATEMENT Apr-mar 2022.23 202>24 Training Fee Total Income 79.179 79,179 67,971 67.971 Expenditures: Staffing Pool Hire Competitions Accountancy IT Expenses Fee Collertion Uniform Swimming Hats Admin Swim England Fees Insurance Advertising Total Expenditures 17.136 37.870 7.129 12,463 25,435 3,500 1,8 1,8rxi 2,654 172 240 2,350 2,551 420 1,584 630 630 2,350 3,286 324 320 74,859 53.385 Net Income 4320 14.586 10IP¢lge ASCOT ROYALS SWIM CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 BAiANCE SHEET 2023-24 2022-23 Current Assets: Cash& Bank Oebtor5 and Prepayments Total Asset5 2,605 31,070 33,675 48,963 Current L5•bllltles: Credltors 13,144 32,7S3 NfrtcurrtrntA￿ets 20,531 16,210 FundslE4uIty 21531 16,210 Total Equlty 20,531 16.210 The Ilnancial staternents were approved by the Board of Trustees and authorlsed for Issue on 0410212025 and were slgned on Its behalf bv.. N Woni15n8 Trklstee, Chalr 111Page ASCOT ROYALS SWIM CLUB STATEMENTOF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Busls ofpreporlnq thejlnondalstotements The finènclal statements of the charity, whl¢h Is a publlc benefit entity under FRS 102. have been prepared m accordan¢e wSth the Charities SORP IFRS 1021 'A¢¢ounting and Reporting by Charities.. Statement of Recommended Practice appllcèble to charities preparin8 their accounts in accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland IFAS 1021 lelfe¢tlve I january 20191,, Flnanclal Reportlng Sl?ndard102 'The Flnanclal Reporting Standard appllcable ln the UK and Republlc of lieland, and the Charltle5 Art 2011. The financlal siatements have been prepared under the hi5torlcal cosl conventlon. The account5 are lor the IndlvSdual entity on￿. These Ilnanclal Statements are presented In £ sterlin& founded to the nejrest £1, Golnq Concern The flnanclal 5tatemcnis have been prepared on a 8olng-¢oncern basls as the tru5tee5 are of the opinlon that the charity w511 be able to pay its liabililies as and when they fall due. The iru5tees havc ieachod thls ioncluslon after asses￿n8 the tharlty's future cash and funding requlrements along with bud8ets and medlum-term plans. Income All Income is reco8nlzed In the Slatement of Flnantlal Artlvltles. Once th? ¢hartty has entitled to the fvnds, Itls probable that the Income will be received, and the amount Can be measvred ￿lIab1v. Expendlture Ilabilitie5 are reco8nlzed as expendlture as soon asthere Is a legal or constructfve obll8ailon commlttlng charlty to that expendlture, it15 probable that a tran51er ol economlc beneflt5 wlll be required in 5Ettlement and the omount of the obll80tlon con be measured rellably. Expendlture Is accounted for on an accruals basls and has been classlfbed under headln8s that aggre8ate all costs itlated to the category. Where costs cannot be dlredly attrlbuted to headln85, they have been allocated ro a¢tSvltles on a basls ¢onslstont wlth the use of resour￿5. Toxatlon The ¢harlty bexempt from tax on It5charftable arti￿11eS. Ftsndoccountlnq All funds arc general and unrestrl¢ted and can be used In accordance ￿th the tharltable oblettlves atihe dls¢retion of the trustees. HlrepurCha5eondleoslngcDmmi￿ttts-￿pNE 8onk¢7ndmsh Cash at the bank Snclude5 amount5 held in current bank account ASCOT ROYALS SWIM CLUB STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 MARCH 2024 Credltors Creditors and provisions are rèco8niièd where the tharity has a present obligation re5ultin8 from a past event that will probably result in the tTan5fer of funds to a third party and the amount due to settle the obligation can be measured orestimated rellably. Crediiors and pfovisions are normalty recognized at their setdement amount after allowing for any trade dlscounts due.