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2025-03-31-accounts

Charity Registration Number: 1195630

City of Manchester Aquatics Swim Team (COMAST)

A Charitable Incorporated Organisation (CIO)

TRUSTEES’ ANNUAL REPORT AND

FINANCIAL STATEMENTS

For The Year Ended

31 March 2025

CITY OF MANCHESTER AQUATICS SWIM TEAM (COMAST)

CONTENTS

Members of the Board and Professional Advisers 2
Trustees’ Annual Report 3 to 8
Independent Examiner’s Report 9
Statement of Financial Activities (incorporating the income 10
and expenditure account)
Balance Sheet 11
Notes to the Financial Statements 12 to 16

CITY OF MANCHESTER AQUATICS SWIM TEAM (COMAST)

MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS

Organisation Name City of Manchester Aquatics Swim Team (COMAST)
Charity Number 1195630
Address Commonwealth Pool Aquatic Centre
2 Booth Street East
Manchester
M13 9SS
Trustees Michael Hilton
Professor Sophie Parker
Ruth Dawson
Siobhan Ann Sullivan
Accountants Community Accounting Lancashire C.I.C.
Foxfields
9 Norley Close
Chadderton
Oldham
OL1 2RA
Bankers Royal Bank of Scotland
Drummond House
1 Redheughs Avenue
Edinburgh
EH12 9JN

Trustees’ Annual Report for the period

From: 1[st] April 2024 To: 31[st] March 2025

Charity name: City of Manchester Aquatics Swim Team

Charity registration number: 1195630

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The promotion of community participation in healthy
recreation, primarily but not exclusively, for the benefit of
the inhabitants of Manchester and the surrounding areas
by the provision of facilities for swimming and associated
events.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts		 Para 1.17 and
1.19		 To provide access to facilities and coaching for
swimmers in the following categories
Disability swimmers – either recreational or competitive
of all ages.
Masters’ swimmers – either recreational or competitive
for swimmers 18 years and over.
Academy
and
Community
based
swimming
for
beginners coming out of the Learn to Swim programme,
offering a pathway access for Manchester based
swimmers to progress their skills and techniques in
addition to recreational swimming.
Support for the development of all swimmers to achieve
their goals, from basic improvement to national and
international competition.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees have regard to the guidance issued by the
Charity Commission on public benefit and discuss this at
our trustees’ meetings where we plan and make
decisions for the carrying out of our activities to which
the guidance is relevant.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 Not applicable.
Policy on social investment
including program related
investment		 Para 1.38 Not applicable.
Contribution made by
volunteers		 Para 1.38 Many of the Club’s activities are dependent on good
volunteers and we have a core support that regularly
assist the work we do.
Other Not applicable.

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole		 Para 1.20 2024/25 has finally seen the Club return to its full
potential following the completion of the refurbishment of
the Commonwealth pool.
Consequently, we have continued to increase our
membership in all age groups and Squads, but most
significantly, the young Academy. In addition, the Club
has now resumed hosting its five licenced Meets and
four “Rising Stars” events for the novice swimmers.
The Club is looking forward to continuing to offer more
opportunities for swimmers of all aspirations. In
particular, numbers are increasing in the Disability
Academy, Masters, and novice swimming, with the
community Squads close to capacity.
Furthermore, this year has seen recreational Masters
and Disability swimmers now registering to take part in
competitive events.
The performance side of the team has had considerable
success at national level and gaining representation at
National team level for European meets on the Mare
Nostrum circuit and in this year’s World Championships
and World Para Championships.
The club has also maintained it’s high level of qualifiers
from the city at County, Regional and national level with
winners at all these events.
The Club has a great relationship with Manchester City
Council and Swim England, the governing body of
swimming. Opportunities coming from this included
hosting a third national event camp.
As part of our commitment to our local populous, we are
working closely with the universities and offer a reduced
cost training to some students in Manchester.

Additional information (optional)

Additional information (optional) Additional information (optional) Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41 Not applicable.
Performance of fundraising
activities against objectives
set		 Para 1.41 Not applicable.
Investment performance
against objectives		 Para 1.41 Not applicable.
Other Not applicable.

Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the end of the period to 31stMarch 2025 the charity
had reserves totalling £96,592 (2024: £57,846).
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Our reserves policy is to hold 3 months costs
(expenditure) in free reserves (unrestricted funds) to
ensure all costs are covered and the charity is
sustainable as a going concern.
Amount of reserves held Para 1.22 As at 31stMarch 2025 total reserves held were £96,592,
being wholly from the charity’s Unrestricted Funds
(general free reserves).
Reasons for holding zero
reserves		 Para 1.22 Not applicable as reserves are held.
Details of fund materially in
deficit		 Para 1.24 No funds were in deficit.
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 Not applicable.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 The Charity’s principal sources of funds are from:
•
Annual Memberships
•
Monthly Training Fees
•
Grant from the local Council
•
Income from Swim Meets - the Club organise and
invite participants to enter
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 Not applicable.
A description of the principal
risks facing the charity		 Para 1.46 Not applicable.

Other

Expenditure for the Club relates in the main to: Expenditure for the Club relates in the main to:
• Providing Qualified Coaching & Teaching Staff
• Training Cost Support for Coaching & Teaching
Staff & Volunteers
• Purchase of training equipment
• Provision of kit for swimmers
• Subsidy for swimmers on international meets and
training camps
• General Administration costs for the running of
the Club

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)
Para 1.25		 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Charitable Incorporated Organisation (CIO)
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Elected from Membership
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 We have written policies in place, which are given to our
new Trustees to read, and a training programme is in
place to ensure that any newly appointed Trustees will
receive training on all matters necessary for them to be
able to perform their duties effectively.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 Policies and procedures:
•
Equality Plan
•
Training Needs Analysis
•
Codes of Conduct for Swimmers, Parents,
Coaches & Teachers
•
Codes of Conduct for Committee Members,
Volunteers & Officials
•
Risk Assessments for Training, Land Training
& Abroad Trips
•
Club Emergency Procedures for all Pools
Relationship with any
related parties		 Para 1.51 Related Parties:
•
Swim England – Governing Body
•
Manchester City Council via MCRactive
•
GLL – Pool Operator
•
MMU (Sports Scholarships - Swimming)
•
England Para Swimming – Disability Academies
•
Manchester Club Network Group
Other Not applicable.

Reference and Administrative details

Charity name City of Manchester Aquatics Swim Team
Other name the charity uses COMAST
Registered charity number 1195630
Charity’s principal address Commonwealth Pool Aquatic Centre
2 Booth Street East
Manchester
M13 9SS

Names of the charity trustees who manage the charity

1
2
3
4		 Trustee name Office (if any) Dates acted if not for
whole year		 Name of person
(or body) entitled
to appoint trustee
(ifany)
Michael Hilton Treasurer/Admin
Prof. Sophie Parker Meet Manager Up to 1stMarch 2024
Committee Member From 1stMarch 2024
Ruth Dawson Chairperson
Siobhan Ann Sullivan Secretary

– Corporate trustees names of the directors at the date the report was approved Director name Dates acted if not for whole year Not applicable

Name of trustees holding title to property belonging to the charity Trustee name Dates acted if not for whole year Not applicable

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 Not applicable.
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 Not applicable.
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets		 Not applicable.

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name
Address		 Type of adviser Name
Address		 Type of adviser Name
Address
Accountant Community
Accounting
Lancashire C.I.C.		 Foxfields, 9 Norley Close, Chadderton, Oldham,
Lancashire, OL1 2RA

Name of chief executive or names of senior staff members (Optional information)

Not applicable.

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Not applicable.

Other optional information

None.

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Michael James Hilton Position (eg Secretary, Treasurer/Admin Chair, etc) Date 11th October 2025

CITY OF MANCHESTER AQUATICS SWIM TEAM (COMAST)

REPORT TO THE MEMBERS ON THE UNAUDITED FINANCIAL STATEMENTS OF CITY OF MANCHESTER AQUATICS SWIM TEAM (COMAST)

YEAR ENDED 31 MARCH 2025

I report on the accounts for the year ended 31 March 2025 set out on pages 10 to 16.

Respective Responsibilities of Trustees and Examiner

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

The charity’s trustees consider an audit is not required for this year under section 144 of the 2011 Act, and that an independent examination is needed.

It is my responsibility as independent examiner to:

Basis of Independent Examiners Report

My examination was carried out in accordance with the Directions given by the Charity commission.

An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts, and seeking explanations from the trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

Independent Examiners Statement

I have completed my examination for the year ended 31 March 2025.

I can confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Independent Examiners Qualification

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination, being a Fellow Member of the Association of Accounting Technicians, which is one of the listed bodies.

14[th] November 2025

Miss Jacqueline Bird F.M.A.A.T.

Practicing Licence Number: 1003659

Community Accounting Lancashire C.I.C. Foxfields, 9 Norley Close, Chadderton, Oldham, OL1 2RA

CITY OF MANCHESTER AQUATICS SWIM TEAM (COMAST)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MARCH 2025

Unrestricted
Funds
Restricted
Funds
2025
2025
Notes
£
£
Income from:
Grants and donations
2
34,750
6,000
Charitable activities
3
355,619
-
Other income
4
4,353
-
Investments
1,133
-
Total
395,855
6,000
Expenditure on:
Raising funds
-
-
Charitable activities
5
337,393
6,000
Other expenditure
6
19,716
-

Total
357,109
6,000
Net income/(expenditure)
38,746
-
Transfers between funds
11
-
-
Net movement in funds
38,746
-
Reconciliation of funds:
Total funds brought forward
57,846
-
Total funds carried forward
11
96,592
-		 Total
Funds
2025
£
40,750
355,619
4,353
1,133

401,855
-
343,393
19,716

363,109
38,746
-
38,746
57,846
96,592		 Total
Funds
2024
£
43,250
280,651
2,388
712
327,001
24
322,718
12,557
335,299
(8,298)
-
(8,298)
66,144
57,846

The notes on pages 12 to 16 form part of these financial statements.

Note 12 to the accounts shows a comparative Statement of Financial Activities for the year ended 31 March 2024.

CITY OF MANCHESTER AQUATICS SWIM TEAM (COMAST)

BALANCE SHEET

AS AT 31 MARCH 2025

2025
Notes
£
CURRENT ASSETS
Stocks
8
7,539
Debtors
9
-
Cash at Bank and in Hand
99,729
107,268
CREDITORS: Amounts falling due
within one year
10
10,676
NET CURRENT ASSETS
CREDITORS: Amounts falling due
after one year
NET ASSETS/(LIABILITIES)
FUNDS OF THE CHARITY
Unrestricted Funds
Restricted Funds
TOTAL FUNDS
11		 £
96,592
-
96,592
96,592
-
96,592		 2024
£
9,311
15,570
49,003
73,884
16,038		 £
57,846
-
57,846
57,846
-
57,846

The financial statements were approved by the Board of Trustees on the 11[th] of October 2025 and signed on their behalf:

Michael James Hilton Trustee

CITY OF MANCHESTER AQUATICS SWIM TEAM (COMAST)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) [effective January 2022]. The financial statements have been prepared under the historical cost convention.

Going Concern

The trustees are satisfied that there are no material uncertainties about the charity’s ability to continue.

Incoming Resources

All income, including grants and donations, is recognised once the charity has entitlement to the income. It is probable that the income will be received, and the amount of income receivable can be measured reliably. Restricted funds are to be used for specified purposes as laid down by the donor.

Expenditure which meets these criteria’s is identified to the fund, together with a fair allocation of overheads and support costs. Unrestricted funds are for grants, donations and other incoming resources received or generated for charitable purposes.

Unrestricted funds are for grants, donations and other incoming resources received or generated for charitable purposes.

Resources Expended

All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to applicable expenditure headings.

Charitable expenditure shall include all expenditure directly related to the objects of the charity, including the cost of goods and services, that have been incurred in charitable activities.

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount for the obligation can be measured reliably.

Governance Costs

Governance costs shall include all expenditure directly related to the administration of the charity including expenditure incurred in the management of the charity's assets, organisational administration and compliance with charitable and statutory requirements.

.

CITY OF MANCHESTER AQUATICS SWIM TEAM (COMAST)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

2. INCOME FROM GRANTS & DONATIONS

Unrestricted
Funds
Restricted
Funds
£
£
MCR Active (MMU)
-
6,000
Swim England Funding
2,750
-
Sponsorships:
AWB & Son Ltd
2,000
-
Grants:
Manchester Council Grant
30,000
-
34,750
6,000		 2025
Total
Funds
£
6,000
2,750
2,000
30,000
40,750		 2024
Total
Funds
£
-
10,250
3,000
30,000
43,250

3. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
Funds
Restricted
Funds
£
£
Training Fees
166,465
-
Membership Fees
21,987
-
Meets
128,782
-
External Competitions & Meets
29,550
-
Camps
8,759
-
Awards Evening
-
-
Fundraising
26
-
Miscellaneous
50
-
355,619
-
4. OTHER INCOME
Unrestricted
Funds
Restricted
Funds
£
£
Club Kit
4,353
-
Sundry Income
-
-
4,353
-**
2025
Total
Funds
£
166,465
21,987
128,782
29,550
8,759
-
26
50
355,619
2025
Total
Funds
£
4,353
-
4,353		 2024
Total
Funds
£
143,104
11,840
87,138
13,147
25,300
-
92
30
280,651
2024
Total
Funds
£
2,388
-
2,388

CITY OF MANCHESTER AQUATICS SWIM TEAM (COMAST)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

5. EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted
Direct &
Governance
Costs
Restricted
Direct &
Governanc
e Costs
Unrestricted
Support
Costs
Restricted
Support
Costs
£
£
£
£
Salaries
138,776
6,000
-
-
Travel & Subsidence
-
-
13,538
-
Swim England Fees
-
-
12,249
-
Camps
-
-
61,153
-
Meets
-
-
46,202
-
External Competitions & Meets
-
-
33,546
-
Pool Hire (Raven Moss)
-
-
3,876
-
Events (Performance Centre)
-
-
2,658
-
Awards Evening
-
-
-
-
Coaching Development
-
-
4,791
-
Communications
-
-
5,737
-
Office Expenses
-
-
1,039
-
Office Equipment
-
-
2,059
-
Training Equipment
-
-
4,721
-
Accountancy Fees
1,565
-
-
-
Payroll Costs
604
-
-
-
Bank & Service Charges
3,731
-
-
-
Miscellaneous
-
-
1,148
-
144,676
6,000
192,717
-		 2024
Total
Funds
£
144,776
13,538
12,249
61,153
46,202
33,546
3,876
2,658
-
4,791
5,737
1,039
2,059
4,721
1,565
604
3,731
1,148
343,393		 2024
Total
Funds
£
107,636
9,971
10,880
108,000
39,527
16,203
3,724
1,500
-
1,823
4,598
772
8,318
4,586
1,400
646
2,422
712
322,718
Total resources expended are stated after charging:
Independent examination fees
Other accountancy costs		 2025
2024
£
£
1,525
1,400
40
-
1,565
1,400

6. OTHER EXPENDITURE

Club Kit
Sundry Expenditure
 2025
£
19,716
-
19,716		 2024
£
12,557
-
12,557

CITY OF MANCHESTER AQUATICS SWIM TEAM (COMAST)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

7. STAFF COSTS

The movement in the year is after charging:
Wages and Salaries Costs
 2025
£
144,776
 2024
£
107,636

No employee received emoluments of £60,000 or above (2024: none).

Average number of employees during the year was 16, being an average of 6.17 full time equivalent (2024:15, an average of 4.81 FTE):

2025 2024
Lead Coach 1.01 1.00
Performance Analysist 0.82 0.79
Coach 3.02 1.92
Coach Assistant 0.37 0.41
Strength & Conditioning 0.21 -
Administrator 0.74 0.69
6.17 4.81

One Trustee was paid an annual remuneration of £9,768 for administration services during the course of the year (2024: £9,768). There were no related party transactions during the year (2024: none).

8. STOCK ANALYSIS


Sales
Less: Cost of Sales:
Stock (as at 01/04/2024)
Add: Purchases
Less: Closing Stock (as at 31/03/25)
Net Movement		 £
9,311
17,944
27,255
7,539		 2025
£
4,353
19,716
15,363		 £
11,430
10,438
21,868
9,311		 2024
£
2,388
12,557
10,169

9. DEBTORS

Debtors
Prepayments
REDITORS: Amounts falling due within one year
Creditors
Accruals
Deferred Income		 2025
£
-
-
-
2025
£
-
2,046
8,630
10,676		 2024
£
15,570
-
15,570
2024
£
-
14,466
1,572
16,038

10. CREDITORS: Amounts falling due within one year

CITY OF MANCHESTER AQUATICS SWIM TEAM (COMAST)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

11. FUND ANALYSIS

Fund Name
Balance
as at
1 April
2024
£
Unrestricted Funds
General Funds
57,846
Restricted Funds
MCR Active (MMU)
-
TOTAL FUNDS
57,846		 Receipts
Payments
Transfer
of Funds
Balance
as at
31 March
2025
£
£
£
£
395,855
(357,109)
-
96,592
6,000
(6,000)
-
-
401,855
(363,109)
-
96,592

12. COMPARATIVE INFORMATION (Previous Year)

Unrestricted
Funds
Restricted
Funds
2024
2024
Notes
£
£
Income from:
Grants and donations
2
43,000
250
Charitable activities
3
280,651
-
Other income
4
2,388
-
Investments
712
-
Total
326,751
250
Expenditure on:
Raising funds
24
-
Charitable activities
5
322,468
250
Other expenditure
6
12,557
-

Total
335,049
250
Net income/(expenditure)
(8,298)
-
Reconciliation of funds:
Total funds brought forward

66,144
-
Funds carried forward at 31 March 2024
11
57,846
-		 Total
Funds
2024
£
43,250
280,651
2,388
712
327,001
24
322,718
12,557
335,299
(8,298)
66,144
57,846