The Charity Registration Number is :_ 1200463 Bristol Penguin Olympic Swimming Club Report and Accounts 31 March 2025
Bristol Penguin Olympic Swimming Club Report and accounts for the year ended 31 March 2025 Contents Page Charity information Trustees. Annual Report ststement of Trustees, & Apost &"responslbllltles Independent AcoountsnV¥ Report 10 Funds Stat•m•nts... 8alan¢e sheet 15 Notes to the accounts 16
Bristol Penguin Olympic Swimming Club TruBtees' Annual Report for the year ended 31 March 2025 The Trustees present their Report and Accounts forthe year ended 31 March 2025. Reference and administrative detai15 The charity name. The legal name of the charity i5."- Bristol Penguin Olympic Swmming Club. rhe cha*¥tys areas oper8tlon and UK clJ8rftsble reglstratlon. The ¢harity Is regISted in England & Wales tr) the Charrty Commission in England & Wales ICCEWI with charity number 1200463. The charity does not 0rate in any over8e88juri8diclion8. Leg81 structure of the ch8rfty Th& charity is constituted as a Chari18bl8 Incorporat Organisation ICIOI in England & Wales. The goveming document of the tharity 15 the constitution of the CIO as approved by the Charity Commission in England & Wales ICCEWI . There are no restrictions in the goveming documents on the operation of the Charity or on its investrnent powers other than those imposed by Charity Law. The trustees are all individuals.
Bristol Penguin Olympic Swimming Club TruBtees' Annual Report for the year ended 31 March 2025 The principal operating addrtss of the charity is-. 115 Church Road Hanham, Bristol BS15 3AL The Trustees in office on ihe dale the report was approved were.'- Benjarnin Mullen Sarah Taylor- Appointed 10.03.2025 Matt Chubb- Appointed 10.03.2025 Susan Rees Jeremy Dudley Objects and actlvltles of the charlty The purposes of the charity as set out in its governing document. The piotnolion of ¢otnrnunily participation in healthy recreation. prirnaiity bul not exclusively. for the benefit ol the inhabitants of Brislol and the surrounding areas by Ihe provision of facilities for swirnrning and associated aclivrf(ies and where appropiiale lo compete. The main activitiTes undertaken in relation to thosè purposes during the year. Bristol and South Gloucestershire Swimming Club IBSGI was formed in March 2025 from a merger between Bristol Penguins Olympic Swimming Club and Soundwell Swimming Club (official name change on 1 st April 20251- two longstanding clubs vAthin the Bristol area. The dub now operates from multiple sites across Bristol and South Gloucestershire, including Hengrove, Henbury. Badminton S¢hool. Easton. Kingswood, Wintert)ourne and Bath Univèisity. Our elh05 Is lo leach and coach our members. not just lo swirll bul lo become lifelong swirnrneis. We aim to provide a productive yet enjoyable environment where each swimmer can progress and strive for excellence along their own individual swimming journey. We also aim lo do our bit to help our young members develop as young people as well as swimmèrs, such as through our young volunteer programme. Our dub is managed by a group of dedicated and well organised volunteer committee members. BSG is cotnrnitted lo providing a caring, friendly. and safe enviionmenl for all our members, so that when they participate in club aciivities, they do so in a relaxed and secure environment. We are a friendly swimming club and airn to value each one ol our members. We have around 900 mémbèrs ranging from thosè learning to be swimmers. competitive and less compétitive srirnerS, perforrnan athletes, a masters section for adults and provision lor those with addrtional needs. In the summer we run an open w*er piogr8mme. Soci81 events are 8lso an important part of the calendar. We have a policy of supporting those in hardship to be able to access club activities and we organise swimming galas for local primary schools and swimrning lessons to support older piimary agèd childr8n to bè ablè to swim at léast 25m and havè an understanding of water safety.
Bristol Penguin Olympic Swimming Club TruBtees' Annual Report for the year ended 31 March 2025 The main actiTVitITes undertaken during the year to further the charitys purpose for the public benefiTt. This last Swimming season. the club has run a full weekly swimming progiamrne. This has been complemented by additional activities such as swimming competitions. We continue to work with swrnrning pool operators, local schools, UWE and have a partnership with Badrninton School. These working rélationships help ensure we have suffi¢ient walei lime for our swirnming activities and we can attract new members to join the club. We follow the Swim England guidance and continue to hold'swim Mark, Accreditation- the kite mark for swimming clubs to confirm they are run properfy, including that the necessary governance and safèguarding arrangèmsnts arè in plaeè. The olub ha5 continued with ils wder wmtniltnenl10 5UPPOrting swirnming in Bristol. We offer financial support where costs are a barrier to participation and swrimming lessons for local primary school children unable to swim 25m. We continue lo provide a dedicated session for para swmmers, potential para swimmers and those with additional needs. In April 2024 we established an Inclusive Learn to Swim programme of lessons supported by Access Sport which introduces smMIng lo ¢hildren with varying needs. The Iruslees have had regard lo the Charity Cornrllission's guidance on public benefit in managing the activities of the charity. The short term alms and objectlves. -Following on from formation of BSG in April 2025. to continue lo work on developing our club values and culture where we ¢ontinue to strive for ex¢ellence in what we do whilst providing an indusive dub that provides a breath of opportunity. -To continue, over time, develop the structural organisation of the dub and aligning policies and practices across the whole club. -Recruitment of more swimming teachers, to ensure we have sufficient people in place and make best use of our pool lime. -To work on grealei acce55 to long course training provision especially at Hengiove Park Leisure Centre. -Develop ¢lub links with the leisure ¢enlres and the swimming pools we use. -M8inlain a sharp focus on retention and reciuitment- lo glow the dub numbers and ensure we can tackle price increases I budget pressures to be financially sustainable. -Recruitment of a wider range of volunteers lo create a competition group which will organise and run dub wmpelilions and in lutn free up Capacity for olheis to spend rnoie time working on the strategic direction of the club. -RecruVtment of those willing to train as offiaals or team managers.
Bristol Penguin Olympic Swimming Club TruBtees' Annual Report for the year ended 31 March 2025 The main achievements and perforniance ofthe charity during the year. We provide a swimming dub for around 900 swimmers and we attract members from across the metropolitan area of Bristol and South Gloucestershire. The club caters for those leaming lo swim and three pathways". r&catIOnal I less competitivè, eompetitive and perfoimancè. Also, wé provide coaching lor a Masters ladultsl group to support lifelong participation. -SrimMing sessions every day of the week across nine swimming pools. -opportunity for swimmers at dubs with smaller programmes to gain top up sessions with us a part of a network offer. -Hosting several swimming galas for our swimmers and inviting other clubs including our annual Dave Bryant 8nd Tim Bialchel Memorial Galas and also three junior league gala5. -Organisation of four open meets which allow swimmers from other clubs lo lake part. -Practice swimming sessions for local primary school swirnming teams with 12 teams taking part in the BSG Piimary School Switnrning League- a competition that has three rounds during the school year. Provider of a significant amount of support for Bristol Schools, Swimming Assoaation compeliliolls and the South Gloucesleishire School Swimrning Gala. -Surnmertime open water swimrning sessions al Cromhall Quarry Lake. -Organisation of the GIoUSter County Open Water Swimming Festival. -Hardship support where costs are a barrier to partiapation. -wè continu8 to provid8 third party swimming teaching and coaching provision for Badminton School, QEH School, St Bonavenlure's Catholic Prirnary School, UWE, Bristol University and now Elmlea Juniors and Sl Uisula's. -Provision of inclusive learll-lo-swim lessons, lo provide affordable small group lesson5 for those children with additional needs who may find it more challenging to access swimming lessons. The introduction of these lessons then also provide the opportunity for swimmers to progress lo our Paia Penguin sessions for older Children. -Annual provision of a week-long lun of daily swrn lessons for oldei prirnary age children fro local schools to learn to swim 25 metres and develop a better understanding of water safety.
Bristol Penguin Olympic Swimming Club TruBtees' Annual Report for the year ended 31 March 2025 rhe degree to which the achievgmgnts and performance during the year have benefited beneficiaries of the charity and the wider society. We provide a swimming dub for around 900 swimmers and we attract members from across the metropolitan area of Bristol and South GIoustershIre. The club caters for those learning to swim and three pathways". rè¢reational I less compétitive. ¢ompetitive and performance. Also. we provide coaching for a Masters ladultsl group to support lifelong participation. -Swmming sessions every day of the week across nine swimming pools. -opportunity for swimmÉrs at dubs with smallèr programmès to gain top up sessions with us a part of a network offer. -Hosting several swimming galas for our swimmers and inviting other clubs including our annual Dave Bryant and Tim Bralchel Memorial Galas and also three junior league gala5. -Organisation of four open meets which allow swimmers from other clubs to lake part. -Praciice swimming sessions for local primary school swimming teams with 12 teams taking part in the BSG Piim8ry School Swirnrning League- a competition that has three round5 during the school year. Provider of a significant amount of support for Bristol Schools, Swimming Assoaation competitions and the South Gloucestershire School Swimrning Gala. -Surnmertime open water swimming sessions at Cromhall Quarry Lake. -Organisation of the Gloucester County Open Water Swimming Festival. -Hardship support where costs are a barrier to partiapation. -we eontinuÈ to provide third party swimming téaching and coaching provision for Badrninton School, QEH School, St Bonaventure's Catholic Primary School, UWE, Bristol University and now Elmlea Juniors and Sl Uisula's. -Provision of inclusive leam-to-swim lessons, to provide affordable small group lessons for those children with additional needs who may find il more challenging lo aoce55 swimtning lessons. The introduction of these lessons then also provide the opportunity for swimmers to progress to our Paia Penguin sessions for older children. -Annual provision of a week-long run of daily swm lessons for older prirnary age children frorn loeal schools to leain lo swim 25 melies and develop a beller understsnding of water safety.
Bristol Penguin Olympic Swimming Club TruBtees' Annual Report for the year ended 31 March 2025 Structurg, govornancg and management of tho charity The methods used to recrult and appolnt new charlty trustees. The managernent of the Charity is the responsibility of the Trustees who are elected and ctropled under the térms of the Charity Commission Scheme. The trusteès are eligible. in commrttee. to appoint trustees under the terms of the CIO constitution. In selecting individLJals for appointment as trustees, the existing trustees must have regard to the skills, knovledge and experience needed for the effective administration of the CIO. The charitys organisational structure. The charity is govemed by the constitLrtion and was approved initially by Swim England Inational governing bodyl and subsequently was then approved by the members at the AGM on 26th May 2022. The ¢onstitLrtion and application for eligible trustees was approved by the Charity Commission on 22nd September 2022. The Club Constitution was updated on 24th November 2024, followng 8 Special General Meeting about the rneiger of Bristol Penguins and Soundwell. Al this meeting those present passed a proposal to change the voting age to members age 16 and above (previously 181. Also. subsequently on 10th March following a Special General Meeting il was updated further," the main changes being the name of the Club from Bristol Penguin Olympic Swimming Club lo Bristol & South Gloucestershire Swimming Club and to indude Vice Chaitperson as an Executive Officer Role. The Club Committee meets bimonthly during the swimming season and no fewer than four limes in total for the duration of the swimming season. The CIO is managed and administered by the Committee and some aspects are delegated to others who have organisational and adrninistralive positions but arè not Committèe mèmbérs thèmselves.
Bristol Penguin Olympic Swimming Club TruBtees' Annual Report for the year ended 31 March 2025 Name aub Posltlon Ben Mullen Sarah Ta Vashti Wyatt Yes Yes Chairman VI Chair Seo-etary. Helen &les Pth Mul Fabrizio Cola PEn Mulkn Pol Mullen Polty Mullen Rees Helen Gil tk3nne Fitr atrid( Hden Gilt Ben MUln Fabri0 Colaruek) Matt Chutk) Treasure rations Mana -Lrfe President alld s[n England MemLvship Sue Rees Yes Ernma tkxkj Leafn to Swim rdinator Qoucester County ReprentatWe, Ot Meet sUbmi10ns + S¥¥tm Da 'Welfare OffKer Mulkn Hden Gilt ]eremy DlleY Yes Tiw Frai& Pn MUln Tracy Fraisse Polly Mullen Polly Mullen aub Administrator various Frai&%e Vashti Wyatt ted Commiitee mern15 Rebecca Sewell inted the Commrttee Assistant Welfare Officer Sue Rees Team Manager Helen Gles Hden Giles Fabri0 Cola Sue Ree5 Fabrtiio Colang&> aub tkanne Officers of the aub -Lrfe President is not an dthl 'Welfare Officer . apinte the Commrttee (not voted in at AGM). Custodians of aub Pro Sue Rees, Hden Giles Pdly Mullen. On the above taile, undwlineil p*)siti"ons are paid staff. Includes paid stsff th have key Ie[ShIp1 organisational adniStratiVe roles. Does not include all paHI staff (e.g.. (ts swmming coaches). Vashti Wyatt &Tw Fraksfe rwned their rdes vllth the [¥ peo to start aft AGM. Rebwcd Sewdl & Fabrizio cc4areh) res#3ned 'r roles during the season. Bankers NATWEST, go Regent Street. Bristol, BS15 8HS Barcan + KIY- 25 North St. Bristol, BS3 1 EN Solicitors
Bristol Penguin Olympic Swimming Club TruBtees' Annual Report for the year ended 31 March 2025 Financial review Th9 charitys financial positiTon at thg end of the year endgd 31 Mah 2025 The finanaal position of the charity at 31 March 2025 and comparatives for the prior period, as more fully detailed IN the accounts. can be sumrnarised as follows:_ 2025 2024 Net Income 8.766 Unreslri¢led Revenue Funds available for the general purp08e8 of the eharity 176,446 178.117 Toial Funds 176,446 178.117 Financial review of the position at the reporting date. 31 March 2025. Policies on reseThes. Reserves are needed lo biidge the gap beiween the spending and receiving of income and lo cover any unplanned expenditure. The Trustèès, eonsidèr the eurrent levèl of rsserves appropriate to covèr us for such èventualitiès while also providing financial stability and the means lor developmenl of our principal activities. Availability and adequacy of assets of each of the funds The board of Iruslees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect ol each fund. Details of The Independent Examiner Scott Canning Member ofAsso¢iation Of accounting le¢hnitsans 10 Meadow Street Avonmouy) Bristol City of Bristol BS119AR
Bristol Penguin Olympic Swimming Club TruBtees' Annual Report for the year ended 31 March 2025 statement of Trustees, Responsibilities The charity's Iruslees are responsible for the preparation of the accounts IN accoidance with the terms of the Charities Act 2011 and the Charities IAccounts and Reports) Regulations 2008. Notrlithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts 8nd Reports) Regulations 2008. to preparè thè financial statéments In a¢¢ordancè with thè SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees detemiined to inleipiel this responsibility 85 requiring them lo follow cuirenl best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Chariliesl 2015. las amended by the Bulletin issued in October 2018 and applieablè to all accounting periods bÉginning on or aftèr 1 st January 20191, (Thè SORPI, In particular. tharity law iequiies the Ttuslees. if they piepare accounts on an accruals basis. 10 prepare financial statements for each financial year which give a true and fair view of the state of affairs of the ch8rty as 81 the end of the financial year and of the surplu5 or deficit of the chaiity. In preparing those financial statements the Trustees are required to lo prepare the accounts in aceoidancè wth United Kingdom Gènerally Accepted Accounting Praclice (United Kingdom Accounting Siandards and applicable lawl. select suitable accounting policies and apply them consistently., make judgements and estimates that are reasonable and prudent., prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the charity will eontinue in business". slate whether applicable accounting Standards and slalernenls of recomrllended practice have been followed, subject lo any maleiial departures disclosed and explained in the financial statements., The law requires that the Iruslees musl not approve the accounts unless they are satisfied that they give a truè and fair view of the stale of affairs of the charity and ol the surplus or defi¢it of the charity for the year. The TtU51ee5 ale also responsible foi maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charitys transactions and enable them lo ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also rèsponsiblé for safeguarding the assets of the charity and hence for taking reasonable steps for the prevenlion and detection of fiaud 8nd olhei itregul81ilies. The Trustees are also responsible for the contents of the Trustees, report. and the stalulory responsibility of the Independent Examiner In lation to the Trustees. report Is limrted to examining the report and ensuring th81. on the face of the report. there are no material inconsistencies with the figures di8c108ed in the financial slal8ments. This report was approved by the board of trustee8 on 21 January 2026. Ben Mullen (Jan 28. 2026. 10'58aml BEN MULLEN Trustee
Bristol Penguin Olympic Swimming Club Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2025 I report to th8 Tiust88S On tny 8xsmination of the financial stst8tn8nts of th8 charity on pages 12 to 21 for the y8ar ended 31 March 2025 which have been prepared in accordan with the Charities Act 2011 (the Acll and with the Financial R8POrting Standard 102, leffective 1st January 2016185 Modified by FRS 102 SORP IStstem8nt of Recommended Practi lor Accounting and Reporting by charth.esl 2015, las amended by the Bulletin issued In October 2018 and applicable to all accounting periods beginning on or 8fter 1st J8nU8ry 20191, (The SORPI. published by the Charty Commission in England & Wales ICCEWI , and under the historical cost convention and the acwunting policies set out on page 16. Respective r8sponsibiliti0s of the Trustees and th8 Ind8pend8nt Examiner and the basis of th8 report As d8scribed on page 9. you. the charity's Trust8es, are responsible for the preparation of the financial statements in accordan with the Ch8rities Act 2011 and all other applicable law and with United Kingdom Generally A¢pted Accounting Pr8Ctic8. applic8b18 to sma118r entit18s, snd for being sat15fied that th8 financisl stat8m8nt5 giv8 5 tru8 and lair view. The Truste8s consider th8t the audit requir8ment of Section 144111 of the Ch8reS Act 2011 (the Act) doe5 not apply, and that the is no requirement In the Governing Document lor the conducting ol an audit. As a consequence, the Trustees have ected that the fi'nanci81 statements be subject to independent examination. Having satisfied myself that the finanual statem8nts ar8 not required to be audited under any legal provision, or otherwise, and are eligible lor independent examinth"on, It is my responsibility to'.- al exsmine the financial ststements of the charity under Section 145 of the Aet, bl follow the applic8bl& proc8dur8s in th& Dir8Ctions giv8n by th8 Charity Comrnission und&r 58ction 14515llbl of the Act. Basls of Independent Examlnerfs Ststement and Scope of work undertaken I report in respect of my examination of the charity's financial staternents carried out under 5145 of the Act. In carrying out rny examination. I h8ve followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act setting out the duties of an Independent examiner in relation to th8 conducting of an independent examination. An independent examination includes 8 VIeW ol the accounting COrdS kept by the charity 8nd of th8 8CCOUnting systems 8mployed by th8 charity and a comparison of th8 financial st8t8rnents presented with those cOrdS. It also includes consideratson of any unusual items or disclosures In the financial stat8ment5, and 58eking explan8tions from you. as Trustees. conceming such rnatter5. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements Comply wth the SORP. The procedures undertaken do not provide all the evidence that would be reqUId in an audit, and Information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and d$ not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide Consequently. I do not express an 8udit opinion on the view given by the financial ststements. and in particular. I express no opinion as to whether the financial statements give a true and fair view of the affairs of the Charity, and my report is limited to the matters set out in the statement below.
Bristol Penguin Olympic Swimming Club I planned and performed my exarnination so as to sat15fy tnyself that the objectives of the Independent exatnination are achieved and before fin81ising the report l obtained written 8ssuranTrs from the Trustees of all material matters. Independent Examinerfs Statement, Report and Opinion Subject to th8 lirnitations upon the scope of my work as detai18d above. I hav8 completed my examination". and can conlim that'.- This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commissitsn under section 14515llbl of the Act which may be applicable, and that no material matters have come to my attention in connection wth the examination giving me cause to believe that in any material re$pect'.- accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011, the linanual statements do not accord with those cOrdS., or the linanual statements do not cornply with the applicable quirementS Conrning the form and content ol accounts set out in the Ch81ities (Account5 and Report51 Regulations 2008 other than any requirement thst the accounts give a'true 8nd fair, view. which is not a matter conSided as part ol an independent examination", have not been prepared in accordan wth the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practi lor Accounting and Reporting by Chsritiesl 2015, las smended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 20191. (The SORPI. I have no conc8ms and have com8 across no other m8tt8rs in connection with th8 exarnin8tion to which attention should be drawn in this report in order to enable a proper understanding ol the financial statements to be reached. Signed:_ Scott Canning- Independent Exsminer Association of accounting technicians 10 Meadow Street Avonmouth Bristol City of Bristol 8S11 9AR This report was signed on 21 January 2026
Bristol Penguin Olympic Swimming Club - Statement of Financial Activities for the year ended 31 March 2025 Statement of Financial Activities for the year ended 31 March 2025 SORP Raf Currentygar Unrestrlcted Funds Current year Restricted Fund8 Currgnt year Total Funds Prior Year Total Funds 2025 2025 2025 2024 In¢rJme & Endowments from: Donations & Lega¢ies Charitable activities Investments A1 2.329 590.872 3,386 2,329 S90,872 3,386 1,600 514,017 3,101 A4 Totsl income 696.587 696,687 S18.718 Expendlture on: Charitable activities 82 598.258 598,258 509,952 Total expenditure 698,258 598,258 609,952 Net income for the year 11.6711 11,6711 8.766 Net Income after transfers A4.¢ 11,6711 11,6711 8.766 Net movement in funds 11,6711 11,6711 8,766 Reconciliation of funds=_ Totsl funds carrled fotward 7.097 7,097 8.768 The'SORP Ref Indicated above is the classification of income set out in the formal SORP documents. As qUId by paragraph 4.60 of the SORP, the brought forward and carried forward fund5 above have been agreed to the Balan Sheet. All activities derive from ¢onlinuing operations Bristol Penguin Olympic Swimming Club - Resources applied in the year ended 31 March 2025 towards fixed assets for Charity use:. 2025 2024 Funds generated in the year 88 detailed in the SOFA 11,6711 8,766 Ngt r9$Ou9$ avallab19 to fund ¢harltablo a¢tlvltlg$ 11,6711 8.766 12
Bristol Penguin Olympic Swimming Club - Statement of Financial Activities for the year ended 31 March 2025 Movements in revenue and capital funds for the year ended 31 March 2025 Revenue accurnulated funds Unre5trictsd Restricted Total Last year Total Fund8 Funds Futhds Fund8 2025 2Q25 2025 2024 Accumulated funds brought fOard 8.768 8,768 Recognised gains and losses before transfer$ 11,6711 8,766 7,097 7,097 8,768 Clo$lng revenue funds 7.097 7,097 8.768 Summary of funds Unrestricted Restricted Total Last Year and Deslgnated fun¥9 202S Futhds Fund8 Total Fund8 202S 202S 2024 Revenue accurnulated funds 7,097 7,097 8,766
Bristol Penguin Olympic Swimming Club - Statement of Financial Activities for the year ended 31 March 2025 Bristol Penguin Olympic Swimming Club Income and Expenditure Account for the year ended 31 March 2025 as required by the Companies Act 2006 2026 2024 Income Income from operations 593,201 515,617 Investment income Interest receivable 3,386 3,101 Gross Income In the year before ex¢eptlonal Item$ 596,587 518.718 Gross income in the year including exceptional items 596,587 518,718 Expenditure Ch8rilable expenditure, excluding depreciation and amorti88tion Governan costs Realised Ise$ on disposals of $o¢ial investments which are programme lated 597,058 1,200 508,752 1,200 Totsl expendlture In the year 598,258 509,952 Net incom8 b8fore tax in the financial y8ar 11,6711 8,766 Tax on Surplus on ordinary activities Net income after tax in the financial year 11,6711 8,766 Retained surplus for the financial year 11,671 8,766 All activities derive from continuing operations In accordance wth the provisions of the Companie5 Act 2006, the headings and Subheadings used In the Income and Expenditure account have been adapted to reflect the special nature of the ch8rity's activities. The note on pages 15 to 20 form an integral part of these accounts. 14
Brlstol Penguln Olymplc Swlmmlng Club- Balance Sheot as at 31 March 2025 Notes 202S 2024 Current a88ets Debtors Cash at b8nk and in hand 27,520 156,952 22,554 1e5,275 Total current assets 184,472 187,829 Creditors.. amounts falling due within one year 18,0261 19,7121 Net current assets 176,446 178,117 Th• total n•t ass•ts of thè eharity 176,446 178,117 The total net assets of the charlty are funded by the funds of the charlty, as follows:. Rastrictad funds Unrestrlcted Funds Unrestricted Revenue Funds 176,446 178,117 176,446 178,117 Designated Funds Totsl charity funds 176,446 178,117 The Trustees acknowledge their responsibilities for complying with the requirerllents of charity legislation with respect to accounting records and the preparation ol accounts. Th8 chaiity is subject to Indep8ndent Examination under charity18gislation, and th8 report of the Ind8p8nd8nt Examiner is on page 9. The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registeied, it would be eligible to prepare accounts in accordance wth the provisions in Part 15 01 the Cotnpanies Act 20(. applicable lo cornpanies subject lo the small cornp8nie5 regime. Ben Mullen lJan 28. 202S, 10 58aml BEN MULLEN Trustee Approved by the board of trustees on 21 January 2026 15
Bristol Penguin Olympic Swimming Club Notes to the Accounts for the year ended 31 March 2025 1 Accounting policias Pollcles relatlng to the productlon of the accounts. Bas1$ of pparatIon and accountlng ¢onventlon The accounts have been prepared on the ac¢ruals basis. under the historical cost convention, and In accordan wth the Financial Reporting Standard 102, (effective 1st January 20161 and 'FRS 102 SORP (Statement of Recommended Practice for AccDunling and Reporting by Charities) 2015, las amended by the Bulletin issued in October 2018 and applicable lo all accounting periods beginning on or after 1st January 20191, (The SORPI. putilished by the Charity Cornmission in England & Wale5 ICCEWI , effective January 2016, and in accordance with all applicable law in the charity's jurisdiction of registration, excpt that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement ol Recommended Practice for Accounting and Reporting by Charities) 2015, las amended by the Bulletin Issued In October 2018 and applicable to 311 accounting penod5 beginning on or after 1st January 20191, (The SORPI. in preference to the previous SORP. the SORP 2005, which h8s been withdrawn, nomilhstanding the fact that the extant statutory regulations. the Charrties (A¢Unts and Reports) Regulations 2008 fer expliatly to the SORP 2005. This ha5 been done to accord with current best practice. Going Concern After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For thi5 rea50n, they continue to adopt the going conr basis in pparIng the finan¢i81 statements. Risks and futu assumptions The charity is a public benefit entity. The Club has In place systems of Intemal controls that are designed to provide reasonable assuran against material mismanagement or loss. These include financial controls and comprehensive insurance policies ar8 in plsce to ensure Policies relating to categories of income andincome recognition. Nature of income Gross Income preSents the value, net of value added tax and discounts, of got$ provided to customers and work carried out in respect of services provided to customer5. Catsgories of Income Income is categorised as income from exchange transactions l¢ontra¢t income) and income from nonx¢hange tranctiOnS Igiftsl, Investment income and other Income. In¢ome from exchange Iran$a¢tlon$ is reiVed by the charity for goods or services supplied under contrad or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or Servi$ supplied by the charity to the purchaser. Income from a non-exchange transactlon 18 where the charity receives value from the donor without providing equal value in exchange, and includes donations of rnoney, goods and services freely given wthout giving equal value in ex¢hange.
Bristol Penguin Olympic Swimming Club Notes to the Accounts for the year ended 31 March 2025 Income recognition Income, whether from exchange or non exchange trsn5actiOn5, 15 recogni5ed in the statement of financial activities ISOFAI on a receivable basis, when a transaction or other event results in an increase in the charity'8 assets or a reduction In its Iiabililies and only when the charity has legal entitlement, the Income Is probable and can be measure Dividends are accrued when the shareholderfs right to Ceive payment Is established. In¢ome Subject lo terms and ¢ondition$ whi¢h must be met before the charity is entitled to the resour$ 1$ not recognised until the conditions have been met. l income is accounted for gro$$. before deducting any related fees or costs. Accounting for deferred income and income received in advance Where terms and conditions relating to income have not been met 01 uncertainty exists as to whether the charity meet 8ny terms or conditions otherwise within ils control, income is not recognised but is deferred as a liability until it is probable that the terms or condrtions Imposed can be met. Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subiecl to unmet conditions wholly outside the control of the recipient Charity. Is accounted for as a liability and shown on the balance sheet as deferred Income. Deferred incotne is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met. When income from a gr8nt or donation has not been ¢nISed due to the ¢ondition$ applying to the gift not being wholly within the control of the recipient charity, It Is disclosed as a contingent asset il elpt ol the grant or donation Is piobable On those conditions are met. Where time related conditions are imposed or implied by a funder. then the income is apportioned to the time period$ ¢oncemed,and, Whe applicable, is accounted for as a liability and shown on the balants sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by thern. but there are no specific tirne related nditiOns, then the income is not deferred. Any condition that allows for the ¢0very by the donor of any unexpended part of a grant doe$ not prevent rewnition of the Income cornrned, but a liability to any repayment is COgnised when repayment becomes probable. Membershlp subscrlptlon$ The income and any as$o¢iated Gift Aid or other tax fnd from a membership subscription 1Ved by the Charity in the nature of a gift, Is accounted for on the same basis as a donation. The income from a membership sub$¢ription reiVed by the ¢harity where the $ubs¢ription pur¢ha$es the right to servi$ or benefits Is COgnised as Income trom charitable activities.
Bristol Penguin Olympic Swimming Club Notes to the Accounts for the year ended 31 March 2025 Policies relating to expenditure on goods andservices provided to the charity. Re¢ognltlon of Ilabllltles and expendlture A liability. and the related expenditu, is recognised when a legal or Constructive obligation exists as a resutt of a past event, and when It is more likely than not that a transfer of economic benefits will be required In settlement, and when the amount of the obligation be measured or reliably estimated.. Liabilities arising from future funding commitments and constructive obligations, including perftsrman lated grants, where the timing or the amount of the future expenditur8 required to settle the oblig8tion 8re uncertain. giv8 rise to a provision in the a¢count$, which 1$ reviewed at the accounting year end. The provision is in¢reased to refle¢t any increases in liabilities. and is decreased by the utilisation of any provision within the period, and versed If any provision is no longer required. These Movements sre charged or credited to the respective funds and activities to which th8 provision relates Allocating costs to activities Direct Costs that are specifically related to an activity a allocated to that activity. Shared dI¢t costs and support costs ale apportioned between activitie5. The basis for apportionment, which Is consistently applied, and proportionate to the circumstances, is Staffing- on the basis of time Spent in connection wth any particular activity. Staffing- on a per capita basis, t>ased on the number of ol people employed within any partiular activity. Premise5 related c05t5- On the proportion of floor area occupied by a particular activity. Non $pecifi¢ support co$ts- on the basis of the usage of resourtss, in terms of time taken, capacity used. request made or other measures E$tlmatlon technlques used in 8pportsoning costs- give detsils Volunteers In accordance with the SORP, and in recognition of the difficultie5 in plang a monetary value on the contribution tro volunteers. the contribution of volunteers is not included within the income of the charity. However. the trustees value the significant Contribution made to the activities of the charity by unpaid volunteers and this is described MO fully in Note5. Policies relating to assets, liabilitie5 andprovisions and other matters. Debtors Debtors are measured at their recoverable amounts 8t the balance sheet d8te. Credltors and provlslons The chaiity has creditors which are tneasured 3t settlement arnounts. Cash 8nd bank balances Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in ¢dit or overdrawn. are shown at the amounts properly reconciled to the bank statements.
Bristol Penguin Olympic Swimming Club Notes to the Accounts for the year ended 31 March 2025 1 Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtheranr£ of the general objectives of the charity. There are no endowment funds. 2 Llablllty to tsxatlon The Trustees consider that the charity satisfies the tests sel out in Paragraph 1 Schedule S of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity 15 Potentially exempt from taxation in respect of Incorne 01 capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains A¢t 1992. to the extent that such income or gains a applied exdusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax 15 not recoverable by the charity, and 15 therefore included in the relevant costs in the St8tement of Financial Activities. 3 Winding up or dissolution of the charity If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and Iiabilitie5, the assets represented by the 8ccumulated fund shall be tr8nsferred to some other charitable body or bodies having similar objects to the charity. 4 Significance of financial instruments to the charity's position IThte$t on funds held on deposit is included when reIvable and the amount Can be measured reliably by the charity.. this is nomially upon notification of the interest paid or payable by the bank. S The contribution of voluntee The charity depends on the support of its volunteers, which 15 much appreciated. The arrangements with volunteers sre difficult lo value precisely in monetary terms and have not been Cognised in the Ststement of Financial A¢tivitie$. The volunteers and the charrty a¢pt and age that no contract of employment is ated by these arrangements. 6 Stsff costs and emoluments Salary costs 2025 2024 Gros5 Salaiies excluding trustees and key rnanagernent personnel Employer's National Insurance for all Stsff Efflployer'5 contribution to d8fin8d benefit pension schemes 176,591 15.331 5.259 103,997 3,494 3,120 Totsl $alarle$, wage$ and related ¢o$ts 197,181 110,611 AlUmr$ offull timo gmploy••s or full timo gquwalents 2025 2024 The average number of total staff employed in the year was
Bristol Penguin Olympic Swimming Club Notes to the Accounts for the year ended 31 March 2025 7 Defined contribution pension schemes The Charity operate$ a defined contribution pension Scheme. the cost$ of which are shown above. Any Iiabilites and asset5 associated with the scheme are shown under debtors and creditors. 8 Debtors 2025 2024 Trade debtors 12.571 14,949 7,515 15,039 Prepaytnent5 and accrued income 27.520 22,664 9 Crgditors: amounts falling dug within on9 year 202S 2024 Trade creditors Accrusls 6.817 1,200 8,503 1,200 Other creditors 8,026 9,712 10 Income and Expendlture accountsummary 2025 2024 At 1 April 2024 Surplus after tax lor the year 8,766 8,766 At 31 Mar¢h 2025 7,095 8,788 11 Particulars of how particular funds are represented by assets and liabilities At 31 March 2026 Urbrgstricted Dgsignated funds Rpstrictod Totsi furbds fundts Funds Current Assets Current Liabilities 184,472 18,0261 184,472 18,0261 176,446 176,446 At 1 April 2024 Ut)r8Strf¢tod funds D88lgnatod funds Ro8irl¢tsd funds Totsi Funds 178,117 178,117 20
Bristol Penguin Olympic Swimming Club Notes to the Accounts for the year ended 31 March 2025 12 Change in total funds over the year as shown in Note 11 analysed by individual funds Funds broughl Movement In Tran8fer8 lorward Irorn funds in 2025 between 2024 funds In 2026 Funds ¢arrl8d forward to 2026 Unr•stittod and(l•signat•d funds.". Unrestricted Revenue Funds 8,768 7,097 Total unre$trf¢ted and deslgnated funds 8,768 11.671 7,097 Total charity funds 8,768 11.6711 7,097 13 Analysis of movements in funds over the year as shown in Note 12 Other Income Expendlture Galn$ & Losses Movement in funds 2025 2025 2025 2025 Unstry¢ted and designated funds.'_ Unrestricted Revenue Funds 596,587 1598,2581 11,6711 596,587 1598.2581 11,8711 21