Derwentside and Gateshead Swim Team Charitable Incorporated Organisation Trustees Annual Report and charity accounts for the year ending 3110312025 Charity number 1203974
Contents List 1. Trustees Annual Report 2. Independent Examiner's report 3. Statement of financial activities 4. Balance Sheet 5. Notes to the accounts Page 3 Page13 Page 14 Page15 Page 16
CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 01104124 Period start date To 31103125 Period end date Charity name: Derwentside and Gateshead Swim Team (fornierly Gateshead and Whickham Amateur Swimming Club) Charity registration number:1203974 Objectives and Activities Summa of the ur oses of the chari as set out in its overnin document The promotion of community participation in healthy recreation, primarily but not exclusively, for the benefit of the inhabitants of Dewentside, Gateshead and the surrounding areas by the provision of teaching I development I competitive activities swimmin and associated activities. Summary of the main activities of the charity in relation to those purposes for the ublic benefit, in articular, the activities and services identified in the accounts. The charity provides swimming lessons and coaching of competilive swimmers which are open to all equally, irrespective of difference. We offer swimming lessons for the Swim England stages from stage one to stage six and swimming coaching forjunior swimmers in five competitive squads, a skills development group and a swimfit group. We provide coaching and team management to our junior swimmers when they compete in swimming I competitions. We are committed to ensuring these activities are delivered in a professional. safe environment and comply fully with the requirements of Swim England, our NGB, with governance provided through our Swim Mark accreditation. We want to ensure our members continue to swim for as long as they wish to do so and offer an alternative, non-competitive, squad provision for our older swimmers who might otherwise leave the sport, including a masters section which currently has swimmers aged from 18 to 75. We promote swimming as a healthy. inclusive activity which becomes a lifestyle choice for many of our members. We encourage and develop skill and talent not only within the pool but also poolside, by encouraging and supporting many of our members (both swimmers and parents} to take on other roles within the club. This includes volunteer support roles such as team managers at swimming galas, squad reps, competition management and child welfare. It also includes encouraging and supporting swimmers lo achieve qualifications in lifeguarding, teaching and coaching of swimmers. We then provide opportunities for swimmers lo develop these skills b deliverin these seNices at club sessions Statement on ublic benefit The Iruslees confirm that we have had regard to the guidance issued by the Charity Commission on ublic benefit Contribution made b our volunteers The charity operates on a nol-for-profit basis wrth only our coaches, swim teachers and lifeguard team renumerated. In addition, we have some coaches who provide their services on a voluntary basis. The charity Gould not operate without the invaluable input and volunteer time of our committee, officials, and the trustees. Fundraising, membership records, gala planning and delive Swim mark accredilation, welfare rovision, risk assessin financial mana ement
and many more tasks are covered by our volunleers. We recognise that without their skill, experience and invaluable time, the charity would be untenable. The trustees would like to record their thanks to eve one involved in a volunta ca acit within the Glub. Achievements and Performance Summary of the main achievements of the charity identifying the difference the Chari 's work has made to the circumstances of its beneficiaries Chair Report Merger of Gateshead and Whickham and Derwentside swimming clubs This has been a rnomentous year for the club, following the decision to merge Gateshead and Whickham swimming club and Derwentside swimming clubs, which was finalised with Swim England on July 31" 2024. Challenges faced by Gateshead and Whickham and Derwentside swimming clubs Bolh fomier clubs had been facing significant challenges prior to the merger. Gateshead and Whickham swimming club had been struggling to maintain its financial viability for several years and had only survived through running two successful Crowdfunding campaigns in 2021 and early 2023 and due to a significant personal donation in April 2023. In addition, coaching resour$ became increasingly stretched following the departure of the head coach, Ross Bradley, in the summer of 2023. Derwentside swimming club had operated an unusual model for many years with the head coach, Paul Woodley being employed by the council and monthly swimming fee5 being paid by parents to Durham County council. In the 2023124 year the council announced that that the club would need to change its operating model significantly, and be run independently from the council, who would also no longer employ the head Goach. This required the club to be run in a very different way going forward. Both clubs were also struggling to provide sufficient volunteer resource to support coaches and swimmers at galas. In late 2023, discussions began between executive committee members of both clubs on a potential merger. A detailed plan was developed. logether with other required deliverables for a merger of the two clubs, following the Swim England methodology for club mergers. This included engaging the members of both Glubs in the rationale for the proposed merger and how the merged club would be structured. Rationale for merging Gateshead and WhiGkham and Derwentside swimming clubs The rationale for the merger was to create a larger and stronger club with a significant increase in swimmer numbers and increased resources available for.. coaching and teaching swimmers planning and managing our own galas managing entries to galas made by our swimmers supporting and safeguarding our swimmers at galas and during training sessions membership management financial and systems management maintaining Swimmark accreditation required by Swim England There was also a good synergy in coaching capabilities, as the fomer Derwentside head coach has reat ex ertisé and ex erience in coachin and develo the senior
perfomance squad and the former Gateshead and Vvhickham head coach has great expertise and experience in coaching and developing the younger swimmers. The other coaches also have the necessary experience and expertise lo cover all the other swimming squads. The merged club now has access to three more pools for training, compared to the former Gateshead and Whickham swimming club which mainly used the Gateshead Council run pools. The hourly pool hire charges al these additional pools in Birtley, Consetl and Stanley were significantly lower than the hourly pool hire charges from Gateshead Council in the year to 31, March 2025. which has significantly reduced the average cost of pool hire for the merged club The merged club was able to adopt the G&W organi5ation structure {Charitable Incorporated Organisationl which provides the dual benefits of being a charity and also having limited liability for the trustees of the club. The former trustees of G&W also had significant experien of running a fully independent club. The merger proposal was agreed by the members of both swimming clubs at a special meeting on May 18th, 2024. At this meeting, the former Gommrttee of Derwentside swimming lub agreed that Iheir swimmers and officials would be transferred into the existing Gateshead and Whickham charttable incorporated organisation, once the merger was approved by Swim England, and this would be the organisation structure forthe merged club going forward. This enabled the merged club to continue as a CIO, with the same charity number as the G&W CIO, retaining the benefits of being a charity together with limited liability for the trustees. The mergerwas approved by Swim England on July 31st 2024, following which the members of the merged club voted to change the name of the club to DeentSIde and Gateshead Swim Team on August 9th 2024. The trustees for the merged club were Steven Speighl, Matthew Grant and Gill Reid (who were previously truslees of Gateshead and Whickham Amateur Swimming Club CIO), and two new Iruslees were added on July 31, 2024, being Darren Maxwell, formerly chair of DeMent5ide swimming Glub, and Graham Robinson. one of the executive committee members for Detwentside swimming club. Two ofthe trustees of Gateshead and Whickham swimming club, Janet Robinson and Rachel Morris, resigned at the same time as Darren Maxwell and Graham Robinson were added as trustees. Steven and Darren were the joint chairs ofthe merged club from September 24 to March 25. Steven resigned as a trustee on May 24th 2025 due to work commitments and Darren took on the role of chair. Gillian Reid resigned as a trustee on April 15th 2025 and was replad by Diane Jamison on May 12 2025. The D&G trustees agreed to defer the date when the club would trade as a new entity until 131 September 2024, as the swimmers were on their summer break until late August and various activities were required to facilitate the merger over the next few weeks. This included the parents of swimmers from Derwentside setting up new standing orders or direct debits for their monthly fees by the start of September to the G&W bank account and the transfer of the swimming memberships for all the Derwentside swimmers to the D&G swim team CIO. The D&G accounts forthe yearto 31. March 2025therefore include income and expenditure transactions for just Gateshead and Vvhickham Swimming club lo the end of August 2024. From September onwards, the D&G accounts include transactions for the merged club. Reopening of Birtley Swimming Centre following a community asset transfer
The former G&W treasurer, Matthew Grant. with support from Steven Speight, led a successful project to reopen Birtley swimming centre as a Community pool in September 2024. following a Community Asset Transferfrom Gateshead Council. which closed the pool in July 2023. The rationale for the former G&Wtreasurer to take on this project was to secure lower costwatertime at another pool in the Gateshead area forthe merged club's swimmers, as Gateshead Council had informed G&W in March 2023 that they intended to significantly increase their pool hire charges and also reduce the available water time for G&W. The project team raised over £400k to reopen the pool. which was required to.- replace the old, inefficient boilers, storage tanks and other associated assets repair and refurbish the waterslide replace the existing lighting with more efficient LED lighting resurface the car park install roller shutters on the doors and mesh grills on the windows install and configure new IT systems and infrastructure Install new signage al the pool purchase new equipment required for health and safety and cleaning purchase new lane ropes and an inflatable obstacle course The Trustees of Birtley Community Pool took over the pool on the 31¥1 May 2024 and managed the procurement and delivery of the above works over the next three months, They also recruited and trained Ihe employee team who now run the pool and prodUd all the policies, procedures, risk assessments and other documents which were required by Gateshead Council before they agreed that the Community Asset Transfer could take place. Since September 2024, Birtley Community Pool has provided a significant proportion of the water time used by the merged club for training. The pool hire costs at Birtley are also significantly lower than those charged by Gateshead Council for Dunston pool, which is the other pool in the Gateshead area used by the merged club. Impact of the work of the charity on its beneficiaries The creation of a stronger and larger merged club during the 24125 year was required to ensure Ihal competitive swimming would be sustainable in the Gateshead and Derwentside areas. If both fomier clubs had Continued to operate as separate entities, it is very likely that neither would still exist. due to the challenges that both were facing prior lo the merger. The club merger has therefore enabled parents and swimmers of both former clubs lo continue to enjoy the benefits of competitive swimming, swim skills development and learn to swim in their local area as part of a stronger merged club. In February 2025, the club currently had 206 swimmers and 58 club officials registered with Swim England. Including parents of the junior swimmers, the club has over 400 dired beneficiaries. Head Coach Report from Paul Woodley The inaugural competitive season following the club merger has been extremely successful. I would like lo formally recognise the dedication of all members, ¢oaches. volunteers, and committee representatives, both past and present, who contributed to what was demanding yel highly rewarding transition. Bringing together two established clubs with strong histories required patience, collaboration, and commilment. Throughout the process, the collective focus remained fimly on swimmer welfare, opportunity creation, and the development of a sustainable performance pathway. Club Growth and Programme Development
Our first season after the merger delivered positive outcornes across every level of the programme. Athletes and coaches alike demonstrated professionalism and ambition, resulting in strong performances and sleady progression. The Skills Development squads grew consistently throughout the year, highlighting a healthy pipeline for the future while also supporting financial targets. The introduction of Mini Meets proved particularly effective, offering swimmers completing Stages 8-10 an accessible and supportive introduction to competitive swimming The Junior League squad produced outstanding results, winning the Division 2 Final and showcasing excellent technical skills, teamwork, and competitive spirit. Local and Regional Competitive Achievements Highlights from the Northumberland and Durham County Championships were-. 63 swimmers represented the club The club was placed 4th overall in the medal table The club was ranked 6th for the Age Group swimmers The Club was ranked 2nd for swimmers in the open age category This represented an exceptional outcome in our first competitive year. Highlights from the North East Regional Championships were.. Strong qualification numbers Numerous podium finishes Clear evidence of progression across all squads National and International Success achieved by our swimmers Al the English and British Summer Championships, the team achieved.. 6 Gold, 4 Silver, and 8 Bronze medals 34 additional finals appearances At the Scottish Nationals (SNAGS). two of our swimmers secured medals Internationally. the club was well represented.. Linkoping Water Games (Swedenl.. Evie O'Halleron Tia Johnson and Ben Beale represented English Schools at the World School Games {Serbial= Tia Johnson and Ben Beale also represented Team England, both returning with medals from the European Youth Olympic Festival {North madon1a). Ben Beale represented Team GB, finishing an impressive 5th in ELSrope Highlights from the clubs masters swimmers were: 5 gold, 3 silver and 2 bronze medals at the British Masters in April 2024 1 gold, 1 silver and 1 bronze at the European Masters in June 2024 6 gold, 2 silver and 1 bronze al the Swim England masters in October 2024 5 British and 1 European record achieved by Colin Ovington at 400, 800 and 1500 Patjl Woodley Head Coach of Detwentside and Gateshead Swim Team from 1" Se tember 2024 Achievements against objectives set
The Chair's report above outlines the rationale for and the steps taken to deliver the merger of Gateshead and Vvhickham Swimming Club with Derwentside swimming club, which was a key objective for this year. It also sets out the tasks required to reopen Birtley swimming pool, which was also a key objeGtive to oblain a¢sS to more water time for squad training in the Gateshead area, at a lower cost than the pool hire charges from Gateshead council The Head Coaches, report details our achievements in the pool and the progress made against the objectives of growing our competitive squads in temis of experience and skill at galas, maximising the number of swimmers qualifying for County, Regional and National competitions. The Financial Review section provides details of the club's financial performance in the 24125 year, in which the ¢lub made an operating surplus of £15.6k and reduced its net current liabilities from £17.8k to £5.7k, thereby making progress towards another key merger ob'ective of im rovin the financial sustainabilil of the mer ed club. Improving our inclusivity and affordability We remain committed to extending the service we offer to a wide range oflhe inhabitants of the Gateshead and Dementside areas. This year, to keep our pnces competitive and accessible to as many families as possible, we have.. Kept our annual membership fee at £25, one of the lowest in the North East Maintained our monthly fees atthe same level as the Gateshead and Whickham fees were prior to the merger Continued lo offer a siblinglfamily discount on monthly fees of 50/0 for families with two swimmers and 100/0 for families with three or more swimmers Continued with a flexible approach on feeslattendance for athletes on an elite pathway sponsored by another recognised Sports Governing Body Continued lo consider individual circumstances of existing members if they encounter unexpected financial difficulty and need short term assistance with fees Continued to offer a reduction on monthly fees for any athlete with a long-term injury which prevents them from swimming Continued our hardship fund whereby we can offer a 500h reduction in fees for new members if they meet certain criteria - this is limited to up to 1 00/0 of our competitive membership A number of these measures are unique to our swim club and enable us to offer our services l enjoyment of the sport to a broader range of participants than would olherwise be possible, particularly as the Gateshead and Derwentside areas have lower than avera e levels of household income. Performance of fundraising activities against objectives set The club raised additional funds from the following sources during the 23124.. A donation of £6000 from a supporter in July 2024. which enabled the Gateshead and Whickham club to reduce il's pool hire debtto one month (the normal creditterm) prior to the merger with Detwentside Swimming Club Donations tolalling £24.1k between September 2024 and January 2025 from the former Derwentside swimming club. This was used to PLbrchase gym equipment costing £3268 and to pay for some of the club's operating costs between September 2024 and January 2025, particularly the costs of the fornier Oerwentside coaches 1£19.1kl
Financial Review Review of the chari 's financial osition at the end of the eriod The first five months only relate to the activities of Gateshead and Whickham swimming club. whilst the remaining seven months relate to the activities of the merged club, DeNentside and Gateshead swim team. The Club reported an operating surplus of£15,647 forthe yearto 31.03.25, an improvement of £11,561 on the previous financial year which reported a small surplus of £4,086. The main favourable variances compared to the previous year results are explained as follows An increase of£33.8k in monthly and annual membership fees, due to the increase in the number of swimmers over the last seven months of the year, following the merger. An increase of £18k from gala income, due to the increase in the number of galas hosted by the merged club compared to G&W. There were only 3 galas in 2023124 compared to 5 galas in 2045125. This is partially offset by an increase in own gala costs of£5.8k compared to 23124 for the same reason_ An increase of £11.6k in income from donations, gifts and grant funding The total of favourable variances explained above is £63.4k These favourable variances were partially offset by these main adverse variances-. An increase of £24.6k in coaches monthly fees, reflecting a significant increase in oaching resources required to support the significant growth in the number of swimmers following the merger An increase of £9.3k in coaches gala expenses and gala attendance, reflecting more coaches required to support Ihe larger number of swimmers participating in more galas An increase of £8.4k in pool hire costs, due to the use of more pools by the merged club from September 2024. This increase would have been higher but for the lower pool hire rales charged by the pools at Birtley, Louisa and Consett. A reduction of £2.5k in the income from other fundraising activities An adverse variance of £1.5k relating to the profit made by the presentation night and Christmas party held by G&W in 2023124. Equivalent events were not held in the 2024125 year The total of adverse varianGes explained above is £46.3k At the end of the 31.03.25 financial year, the club had net current liabilities of £5.7k, £12.2k lower than the £17.9k net current liabilities at the previous year end. Analysis of the financial result for the 2024125 year The merged club initially experienced a significant drop of more than 200/0 in swimrner numbers, which was much greater than expected, reducing its monthly income. The club had also initially hired more pool time than was needed once the swimmer numbers had reduced. The combination of these two factors meant the club was losing about £5k per month for the first four months, excluding profits from galas. The pool time and coaching costs were rationalised significantly in December which significantly reduced these monthly losses from January 2025 onwards.
During this period, some of the coaches fees, totalling £19.1k, were paid for from one of the former Derwentside club's bank accounts, as there were insufficient funds in the merged club's account pay for all the club's costs. This has been included in the charity awounts as a donation by the former Derwentside club to the merged club. The financial result for the year can be broken into three key elements Profits made by the galas at Dunston and the Louisa Centre Donations received in the year Loss on normal trading activities Operating surplus for the year £26.3k £30.1k £3S 8kl £15.6k £20k of the loss on normal trading activities was incurred during the four months from September 2024 to December 2024, as described above. Statement ex lainin the olic for holdin The club's reserves policy is as follows.. Our objective is to maintain an amount of money in reserve which equates lo three months of operating costs, which is currently £60k. This amount would be held in reserve to meet unexpected changes which have an adverse impact on the club's financial position. Thes would include significant cost increases, significanl reductions in our swimmer numbers, or external impacts such as another pandemic Closing the swimming poo15 Amount of reser4es held The club had a small reserve of £4.1k at 31.03.25, an improvement of £15.6k on the revious ear when the club had ne ative reserves of £11.5k Reasons for holdin zero resep4es The club had a negative reserve of £11.5k at 31.03 24 due to incurring a significant operating deficit of £27k in the financial year to 31.03.22, which was partially offset by the small surpluses made in the 22123 and 23124 years. The 21122 year was the first year after COVID, when swimmer numbers had reduced significantly (by nearly 400h} following the extensive period when pools were closed and £1 Ok funding that the club had previously received on a regular basis from the Community Foundation grant was discontinued. Explanation of an uncertainties about the chari continuin asa oin concern Since the merger in September 2024, the club has made further significant changes to improve its financial position. reserves statin are held A small increase in our monthly fees, averaging 100/0 across all squads, was introduced in April 2025 as a result of a significant increase in the pool hire Gharges from Durham County Council for their pools at Stanley and Consett The pool hire charges were reduced significantly from January 2025 onwards, following a review of the squad numbers and their training requirements. The number of lane5 required for many sessions was reduced and some squads began to share a pool for training. The reductions in the number of lanes and Ihe removal of some sessions were done at the pools which had the higher pool hire charges. Further opportunilies have been taken to rationalise pool time since then. where possible Savings have also been made in Coaching staff costs in four phases. Some initial rationalisation of coaching costs was achieved when the pool water time was rationalised in January 2025. A further saving was achieved following the retirement of Ken Nesworthy, formerly the G&W head coach, in March 25 as the replacement coaches were on lower rates of pay. In September 2025, more savings were made following the departure of one of the Coaches, whose squads were taken on by our existing coaches. Finally, the recent change, whereby our head coach has become the oint head coach for D&G and Sunderland swimmin io
clubs, has significantly reduced our coaching costs, as his costs are now shared with Sunderland swimming club The club successfully applied for a grant of £6000 from Leisureworks which was received in May 2025 and will be used to support the development of younger swimmers in our Leam To Swim scheme and to promote the club and attract new swimmers at the entry level. As a result of the above initiatives, the club's financial position has improved further sin the last financial year end of 31.03.25 The chari rinci al sources of funds The club's principal sources of funds are as follows.. Monthly swimmer fees Profits generated by swimming galas Annual membership fees Fundraising activities Donations and sponsorship The rinci I risks facin the chari The principal risks facing Detwentside and Gateshead Swim Team are as follows. Impact of extemal events over which the club has no control, such as another pandemic closing all pools for a significant period or the closure of individual pools which the club uses. Further increases in pool hire costs charged by our pool suppliers which adversely affect our financial perfomiance Swimmers leave the club if pool suppliers make changes to the available days, times and venues for our training sessions which prevent swimmers attending sufficient sessions for their group Cost of living pressures and changes in personal circumstan$ result in some swimmers leavin the club a5 their arents cannot afford the fees an more Structure, Governance and Management Descri tion of charity's overnin document Our constitution content and format is the one required for a Charitable Incorporated anisation with votin members in addition to its charit trustees How is the chari constituted? Charitable Incor orated Or anisation Trustee selection methods Trustees are appointed in line with Section 15 of our constitution with nominations required in writing 21 days before an AGM (proposer and seconderl and an acceptan in writing from the nominee. Trustees retire by rotation of not less than one third and vacancies are then duly filled by the decision of the members. The constitution includes provision lo appoint at any time dLJe to relirement of trustees. In addition, the Charity appoints a non-Executive trustee position of Welfare offIr who is entrtled to attend Committee meetings but does not have the power to vote. li
Chari 'sOr anisational structure The Charity was operated day lo day by the 5 trustees who held the following executive offices for the year ending 31. March 2025 - Chair, VI Chair, Treasurer, Secretary and Operations Manager. The Club Welfare offIr is a non-exec member of the trustee board. In addition, we have a Gommittee of volunteers who have delegated responsibility from the Exec to manage specific taskslroles within the club - e.g. competition secretary, members secretary, gala co-ordinator etc. The Iruslees are answerable to the committee for the day-to-day management of the club. Wider than the committee, we have other members which include any volunteers at the club, such as coaches or officials, and all swimmers over the age of 16, who have voting rights on any constitutional or governance matters within the club. Our national governing body Swim England oversees the club's compliance with propriety and govemance matters. throu h our bi-annual Swim Mark accreditation rocess. Reference and Administrative details: Charil name Other name the charit uses Registered charity number Charity'5 principal address Derwentside and Gateshead Swim Team NIA 1203974 13, Derwentwater Gardens, Whickham, Newcastle Upon Tyne, NE16 4EY Names of the charity trustees who manage the charity Trusteè name Office lif any) Dates acted if not for whole y¢•r Name of person lor body) entitled oint trustee ifan Steven Speighl Janet Robinson Matthew Grant Gillian Reid Chair Whole year, resigned 1210512025 Resigned 3110712024 Vvhole year Whole year, resigned 1510412025 Resigned 3110712024 Appointed 3110712024 Appointed 3110712024 Appointed 1210512025 Trustee Trustee Trustee Rachel Morris Darren Maxwell Graham Robinson Diane Jamieson Trustee Trustee Trustee Trustee Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustses Signature(51 Dllrre MQXW Full name{s) Position {eg Secretary, Chair, etc) Date Darren Maxwell Matthew Grant Joint Chair Trustee 2610112026 2610112026 12
DERWENTSIDE AND GATESHEAD SWIM TEAM CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES For the year ended 31 March 2025 I report on the financial statements of Derwentside and Gateshead Swim Team CIO for the year ended 31 March 2025, which are set out on pages 14 to 27. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider thal an audit is not required for this year under section 144 of the Charities Act 2011 {' the Charities Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject lo audit under company law and is eligible for independent examination, it 15 my responsibility to.. examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145151{b) of the Charities Act), and to slate whether particular matters have come to my attention. Basis of independent examinevs statement My examination was carried out in accordance with general 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 onsideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees canceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no rnaterial matters have come to my attention which gives me cause to believe that in, any material respect.. Ihe accounting records were not kept in a¢cordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records", or the accounts did not comply with the applicable requirement5 concerning the form and content of accounts set out in the Charilies (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a'true and fai¢, view which is not a matter considered as part of an independent examination. I 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. Quentin Caisley ACA MBA Unit 3, Bearl, Stocksfield, Northumberland NE43 7AL. Date.. 27 January 2026 13
Derwentside and Gateshead Swim Team CIO Ifomierly Gateshgad and Whickham Swimmin Club CIO) Annual accounts for the period Char No Company No 1203974 en en date Period start date 0110412024 3110312025 Section A Statement of f inancial activities (including summary income and expenditure account) Rgstricted income funds Unrostrictsd funds Endowment funds Prior year funds Recommandad catsgorles by a¢tlvlty Total fund$ Income (Note 3) F01 F02 F03 F04 F05 Intomè and endowfflonts from.. Donations and legacie5 Charitable acti15 S01 30,127 211,458 953 30,127 211,791 953 19.954 158,736 6,779 S02 333 Iradina acti¥ities Investments S03 S04 Separate material Item of inojrf S05 Other Total Expenditure (Note 4} S07 242,541 333 242,874 185,470 Expenditure on.. Raising funds ChadiaUe acti1& S08 S09 226,869 358 227,227 181,017 Separate matefial expense itsm S10 S11 Total S12 226.869 358 227,227 181,017 Net incomel{expenditurel before tax for the reporting period S13 15.672 25 15,647 4.453 Tax payable S14 Net incomel{expenditurel after tax before investment gainsl{lossesl S15 15.672 25 15,647 4,453 Nel gainslllossesl on In¥esim&nis S16 Net in¢omel{expenditurel Extraordinary items Transfers between funds Other recognised gainslllossesl.. S17 15,672 25 15,647 4.453 S18 S19 G81nS 8nd losses on revaluatn of fixed assets for the charity's ¢)wn use Other oainslllosse51 Net movement in funds S20 $21 S22 15,672 -25 15,647 4,453 Reconciliation of funds.. Total funds broughtfoard Total funds carried fornvard S23 11 530 4,142 -15.983 -11.530 S24 25 4,117 Pagè 14
Gateshead at)d Whiclham Amateur swlmmln Club CIO Chari Com 1203974 Section B Balance sheet as at 31.03.25 RÈstriGtÈd Incomè lund8 Vnre¥trlcled funds Endowmènt Totsi thb funds ypar Totsl last year Fixed assets Intangible assets Tangible assets Heritage assets Inv¢$trnents F01 F02 F03 F04 F05 (Not8 61 Boz 8.245 10.284 18,529 6.313 Totol ts¥6d assets 6.313 Current assets Stocks (Note 71 (Note 81 342 2,738 342 2.738 396 Debtors Investment$ Cash at bank and in hand INote 91 Total ¢urrentasseis 2.692 3.088 81U Creditors- amounts falllng due wlthin one yèar INotè 101 22.200 22,200 20,931 NetCUTeni ès$ets/fliabilities) 17843 Totsl8ssets less Current liabllltles 13 -11.530 CreditQfB- amounts falllng due after one year Provisions for Ilabilitie5 8,667 8,667 è15 Total net asset5 orliabilltles Funds of the Charity Endowment lund5 Restricted income fun1$ Unrestri¢ted funds B16 10,284 4,117 B17 B18 10.284 10.284 -6 167 1,000 8t9 4167 Revaluation resery8 Fair value resèrve Total funds The company was gntitl8d to exempiion from audit unders477 of the Companies Act 2006 relating to small companies The members have not required Ihe company to obtain an audlt in accordance t section 476 olthe Companies Act %PO6. The directors acknowledgè theirresponsiblllrfes forcomplying with the requirements of tho Companles Act witlTr respect to accounting record5 thepreparatlon off a¢¢ounts. These accounts hawe been prep8red in a¢¢ordance with the provisiorts applicable to 5ftMII companies subject to Ihe small companies reglme andln a¢eordance with FRS102 SORP. sig1 by one (K h¥0 trusieesldirectors on behalf of all the Irusteesldire¢tors Dale ot approval ddlinm Print Name 2610112026 Matthew P Grant Print narr Date ddlm Slynaiure of 1Clor avlhenticating atc(xints beiro S1 to Companles Hou Signatu 261Q112026 Darren Maxwell Prlnt name Pago 11 CC17a (Excell 2610112026
Soction C Nolo 1 B•8ls ol prep¥ratson Thls socth sljouldbe ¢omploiedbyall ¢h4rftts 1.1 Basls of aCcOni19 These a¢cDUTrt5 have bBen prewred underihe hI5toTrC L¥)SiCOn¥enknvdith items rwni$Èd at(x)St{KtraAsÈttTh VFJue unkns OiheNse Slated in Ihe revnI notelsl to thes9 a¢xount5 Th&accounls have bee ared In aCranWith". the Statèment of Recommended PractitB AtcDunbny and Rwrtng by Ch8rits piepanno theii account5 In acwrdan¢eiih the Finantial Rew1ino stsndard a11¢ in UK and Republic of Ireknd IFRS 1021 IssuBd on 16 July 2014 with. * wth" tha FinaDcKyl Rgpothng Standarf apIcable In the Unrt•l and Ryubhcof IFRS 1021 thE ¢harili88 Act 2011 chatity cw¥btvt95 a benefitenbty ats denned by FRS 102. 1.2 Going concern golng ¢¢ncwn. pl$•prOVIde tho followiyJsTdothl1s oTrrxt•l•-Ilot•ppllc4bl•", If•pprDprl•t•.' An p1aa a$ f4¢torn th&tsupRx thatlh9 charity 15 a going Th• tyuswsare thFchantyw11cantsnuè iD Dperdte 8$ È wing concern fDrthpftsresEekblE luture tr d&tAI& ale provided In the Tru$l8es Annual WDrt about thE1atr8 ¥Jhh Supwi the condu5ion Ihat ihe chanty Is sthng patbcul&rty the mgetlh Oetwent$iae Swimmiry club in took rAace In Juty 2024 has IneaSed c¢a¢hing and officwb F8$ouB& and SioThrfthnVy reduced the Average $t0[ hire forihe m•Fgod dub Dre of8nyufthtsiilbEslhat the wing Notappllcablè YlnbBtB accounls are notprepamd rpn a wng ¢¢ncern ¥15, plea$8 dJ$c10 this laci 109etherwith the on whiih thE truste&s piep£rea and the [San why thg ¢harty i¥ not iegarded as a going COnts. Notappllc•bl• 1.3 Change of accountlng policy The accounis pre5eni a Iwe and laifviewand ntsthangÈs hav? b@Bn mad9to the adoptéd in nate I l. (11 ¢h•n•14w• olthe¢h•nge Inae¢ountlrtgpolley,' (lffj) lh• r••s¢ns whyapplylnyfhènowtecowjtlrtgptslffjcypitsth thoro (Illj th•4fftountoffth•adJustyntltsr•Ach Iln¢ affoctedln th• ¢u¥re perfod, ¢hplor0pIsOt•ndIhO Jggr8gat• amount ollhe dJustm•ntrel&iinÉtiopeiiOdS belwe Ih05•pr•s•nl•d. 3.44 FRS102SORP. 1.4 Changos to8¢¢ounting ostimates No chanu8S to ac¢ounury esbmat haveoccurred in period (3.46 FRS102 SORPI No. ••s• dls¢los•.' (l} ofthnych4 {ii) the emacl ofth•ch•n9• on In¢0m•¢xns•or&ss•tsd1i•blIIt(¢s follho curT•yJtrfOd,' (Illj whweprn¢tic#bh. th¢•ffo¢ityfthe clJ•nBelnon• ornrore fulw• i.s tertal pdoryearerro No manBI arerfor h&ve been IdEnbhÈd In ihè Yes. 3.47 FRS1Q2 SOA Ploase dls¢losg.' (11 tb• Murg olthoprtorpertodeOr.' {liJ l¢re*¢ll prtoYperiodprv50ntQLlin th •ccounls, th••moirrt orth• COtiOn foru¢h•wo¢mtliR•itemaifected,'and (Ill) the amountolthe ¢onxriortatfhèbwnrJin9 ts1th• •11prI0rp•1iUd prnsemedirt th••¢¢ourts. pty•16 CC17aiE¥¢¥l 20mirdu28
Notes to the account5 Wot• 2 AccouThtlng pDll¢lB8 2.1 INCOME Th¢608re IrLE&Es1StMEnl01FmP1naIA)w81AiWThlln Y¢s' No. trwa. moa[£dWi gulfn1abl1l Yes. ortswrtg QFpre1bythPFR5 102 SORPOTFRS 102 No. {$10l5l2 FRS102 )RP1 grants. InEofflpmu Yps. No. Nla. DCCLI5 LooAtyÈ$ ¥eindvaediD#SOFA¥th rgcpipiis p1, th&115 hASbU¢n gr8nt01pOate. thPoxoE1QrshWl0F001a1th8ro•sUfffiI4$s81s1n est418 YÈJ. Nla. oew mi Yey. Nla. I5udEiivDPtsthergJs T4xfErl4hTffj Dn Ye$. WY%pprffi Contiaeiuillrt¢OmF4nth Th1515(ylyiMJdBilinthoSoFAonc41hBLkntytrIthydtsM5lodgl¥jSW¥i ppr¥OaTrEe iilaled Ye3. ND. Nth. No. Nla. ThBcosrYstock oT9Mdsdona1ÈdlDI th&InblDnlDb0nffirHs IsdBemodlob8trotair v8Iue¢ltro5•grtt51hpMFofcbewBcewranUjrarevThsed DTrreceipt In Yes" No. Yes" ND. Nrf oihErtrathng athyfs th0b01?srÈI. Ort lethpv4lueo15tock 15c11&Ted&galsI.Incorn8trIYThw YÈS. No. Nla. IV4L4p Vts. No. Nl¥' Don4ledxrvlGu•nd Yes" Ye5. Yes. Y¢5" Ye%" r4o' Yes. Nla. vJbKrbptlon thtship p51nromeFarntrDm Nla. are lIS.101512 FFS1 SgFA Yo8- ND. ThI¥15yed0runrethS(dWSDr1SSOsDD1h5lBdVmFnIs4njWW gain 9T1MIèvgth¥¢$lIOthva0aItheérrrfthjyÈ Ye9" N. P4gp 17 CC17 FRS 102*)RP
2.2 EXPENDITURE AND LIA81LITIES YÈS. No. Nla. overnir4f• •ndsiwport SLyporncI 01hÈi ÈuPPOn Yes. Nla. b&&coniiswiilh DTr¢6Wr45 Ye$. Nts. Nla. GNthtswPHrIJne Wnwèirehtygl¥e5 pgr4rthc0UlLWJnStoTdSpWn8lb8iw¥s90nE LifLWW jtr wovld8tt gonlyrecogDisei IntreSoFAME•ih•wwieMaftr W9rtih9$P¥&edts 5pFctsdserweorww Yes" r4D' Yès. ND. Yes- ND. Yès. No. de Yès" Inslrnm•nis FRS102 50RP SubsEqUWttmarnillsUP3r89raths 11 I7 11 19. FRS102 2.3 ASSETS us•tsy Crtty É2(M) Yès. Nla- Ye5" Ld6th0550oo¢hdDS@dMDtÉ 1$. Ye5" +1Erlt44E4111 WOno nlt#•S0nJP¥ 1ts Yes. In¥ukn•rds sub5FquFrfyfairv4IueitheirmErt ¥uP1a1eYer6 Tr¥M Yes. No. a. Y¢s' 140. 1 yp4iaretiWwJa¥vrna55DtlnVostsnpr $locksindwDrnin w Yès" tr40. Nla. ThE w¥feed9thrs?J ca5h¥ré c¥5h Bquival?Thi¥ a8le*s3thanoneyear c8shoDdEP0511anUca¥h Bquiv4leNs V4mafflatuThtyotloss thanonèibBin•hllorlnv8Jtml No. a. Y¢s' É. POLKIES ADOPTED AODMNAL TOOR DIFFERE14T FROM THOSE ABOVE rthof swmc4pshÈbJètllieYeaieTvJvvaJEd attheirputchaxeasst C¢17FRS ItrISCKQP
Section C Noies to the accourTrts Icontl Note 3 Income ftestrfcted Analysis of income Jnds fvjnds Toiol fijnds Prfory•ar Donations and l•gacle5'. Donation5 and Grant funding received to purchase backstroke starting wed es General grants provide¢J by gcvernmenvother charrties Membership subscriptlOn5 and sponsorships which are in substan donations 30,127 30.127 18.954 Total 30.127 30,127 19,954 Charitable actlvitfjes.. Swimme¢s rnonthly and annual fees lo pay for pool hire. coachin and other costs Incorne from galas hosted by the club Payments reeeived trom sviimmers for Swm England registration fees Sale of s¥vitnwear and ca to 5wimmer5 Admin fees paid by Swimmets toward5 C05t of proc8ssing ala entries Incorne from amortisation of capital grants 146.655 51.651 146,655 51.651 112.864 33,708 8.626 3.920 8,626 6,493 71 606 606 333 211,791 333 333 Total 211.458 158,736 Other trading activities.. Funds raised from the club's presentation night and the Christmas Party Other fundraising activities including bonus ball, Easyfundr8$inQ and christmas raffle tickets other 3.420 953 953 3.359 Total 953 953 6.779 It)¢ome from Investrnents.. Interest in¢ome Dividend Income R&nlal and aSin Other income Total Separate mater181 Items of Total Other.. Conversion ofendowment funds into income Gain Dn di$po$al of a larlgible fixed asset hekd for charity's own use Gain on di5P05al of a programm8 related investment Roy811ies from the exploilalion of intellectual prorty rights Other Total TOTAL INCOME 333 242,874 185470 Other Inforn¥tlon'. All Incomè prioryearwa5 unrestrlcted exceptfor.. Iplthise provldg ¢rlptlon and amounts) £1000 01 grant funding received which wa$ used lo purchase back51roke stsrbng wedgpswhich are used by swimmers in Irainino ses510ns Where any endowmènt lund Its tonvÈrted into Incornp In the reportlng p•rlod. p9 gl¥? the roasofb for the ¢onvorslon. Nol8 Iicatle Where any 2ndoWnnt fund ts convertod into In the prlor perlod. plea$0 glvo tho 18a8on foith8 COt)VOrnton. Nola Iicab1e DÈTwentsideASC donated £24127 to DeNenlside arkd Gaieshe8d Swim Team lo purchase gym equipFnenl CO$ling £3268 and lo p3y for some of the operating costs berween SeplembeT 2024 and January 2025. patticularfy th8 costs of Ihe forrner Derwentside Within the Income tterns abov¢thefollowlng lien are ffl•l¢rlal.. Ipl¢4se dl£¢low th• natyre. amountaTrd any prlor year amounts) Th18 y•ar'. Whtrrtr orlglnalty denominated In forelgn currency ttave been Included In Incom9, oxplaln the bA¥l$ on whh fho¥s $urN8 have t>egn ¢ran$l•ied into $trtlng lorthe CrreTrGY in vthl¢h thp a¢G0unts are dfawn upl. Last yoar.. Vrfhore sum8 orfglnally denomlt)atsd In lorelgn ¢¥Yfoncy have been included in income, explaln the basi$ on whlch the have been tran8lated Itito Str19 loithe Currnncy In whlch the account8 are dmwn upl. Nota licab Nota licab PaBe 19 CC178 (Exedl 2610112026
Section C Notes lo the accounts Note 4 Expondlture Thi$ year Last year Ur•r1d•d tund lrtcom Endtsinènt Aftaly$i8 Expenditurfy otTr r8i¥i lunds.. Tol•lfw• Totsi oxpenditure on raksin9 funds Exppnditure on charllAbl• a¢llviti•$'. Pool hire costs 92.508 92,506 76,846 4,133 S2,218 84,133 52,218 Coachifig monihly fees Othprcosts inoluding IT. training, safeguardiw finan and 0u119 Coaches costs for aiiendiny gal3¥ Including fees. miloage and ernIght accornmDdation 76,846 2,991 2,991 3,$29 3,529 14.789 14.789 5.510 5,510 Costs of 98las hosted by the dub 25,370 25,370 19,493 19,493 Swim Engl8nd rtgislrall fees for switnmers officials 9,836 9.836 7.043 7,043 Purcha5esof SrnWear and c4ps for$$ to swirnmers 3.112 3.112 5.048 5.048 Cos15 IncufTed forlhe club'$ pr•s¥nts1 night and the Christmas Party Bonu$ b311 prFze5 paid out 1.840 7.840 1.150 D8pwiaiiDn offixed assets 358 1.777 1,053 1.053 Total •xpenditure on charftabl• acti¥iDe8 Z28,889 227,227 181,017 Se •rate aterial itern ofex nsg Total Other Totsl other exndItur TOTAL EXPENDITURE 226.869 227,227 Other lTrformAtiort'. ATlY%1$ of oxyndiwfo on ¢h•ritaWp activiti This Grant La$t Gr4nt lundlng of Ilvltl undertak•n Ire¢ Support 0$ Actlvlty or progr4mm• ol actl¥llès undertak•n dlrpc Support Costs Tolal tht y•ar yAaT Adivity 1 Athivity 2 OthE Total y•4r. Whr••um orfglTrplly d•n¢rnln•t•d In lorelgn ¢ufrnn¢y h¥v• bgon Includ In &APèndltutw, •xplaln th• basks on whlch those sums hav•boDn translat Into sièrtiny IOrthecurTrncy In whlch th•a¢wunts Br upl. L•51 y••r. wheresu ofv1111yd&nD1ThIt4d In for•lgn crrenCY haw bbèh InLiudod In •xwndllure. oxp141nthe baBLg on sum• h4vE bqentr1nit•d IDIO 5i•Alng lorth•¢uff*n¢y SThwhlch lh•acCouts arèdrn¥¥n up). Pag• ¢¢174 (Evll 2610112026
Section C Notes to the accounts Note S Details of certain types of expenditure Nots 5.1 Fe&s for examination of the accounts Please provide details of the amount paid for any statutory extemal scrutiny of accounts and otherseryices provided by yourindepondent examiner. If nothing was paid please enter V'in the approprlate boxfes). This year Last year Independent examiner's f88$ 270 210 Assuranc• $¢rvices other than independent •xamlnation Tax advisory fees Other fees Ifor example: financial advice. consultancy. accountancy services) paid to the independent examinor Page 21 CC17a IExcell 2WOt12026
Please cDmpl•te tyJi$ noteillhe charttyljas any t•ngible fixedassels 6.1 Costorvaluauon Freehold land & OthBrland & bullthlngs Pn( m4chlnèry4nd Motorhle% Fithres. fftungs and Total At the beginning of Iheytar Additions 8.766 13.g93 13,993 RevalNlk)n5 DisrM)sals Transfers. Al end of the y88r 22,759 22.759 6.2 D$prtrti•tion and irnpairments a8lS . Rate Nola Ia NDta Al trfinning of the yegr 2,453 2.453 DffJposa15 L)8pf8cotiDn 1.n7 1.777 Imp8iimeni Tr8nsfer6" At end of the year 4.230 4,230 6.3 Net brk ¥alu& Nei book value El Ihe beginning of the year 6,313 6,315 Nel book vaiu8 81 the end of the year 18.529 78.529 6.4 Impairmont Thi5 year.. Pleaseprovtdo • d¥suiptiOn olthe event5 and Gircum51ances Ihai w to thergni110ft orrever5al olan impairn?efttloss. Lpstyear.. Please provl¢ts a ¢¢104 of the events and ¢lY¢umstaft¢es ihatled to lholgnition urrevers•l ofan Imtsairment1055. 8.5 R•v•luation Ilatt •¢¢ounlingpolicyofrevaluatlon Is ple8s0pmvide.' Thls year Lastyear Iheeff•cttv• date olthe revaluabon the ftam• ollndepoyjdent valuer. ilappllcabl Ihe npethods appll•dAndslgnificantassumptions lh8 ¢arrytng amount that bvouldha¥e b•pn re¢ouoi$edh¥dthe assets ljeen carrieatunder the costmodol. 6.6 Oth&rdlsClUrns This r Lw¥t yg8r (l) Pl•as•stèt tho othovntofljorrowing Costs, Ilerty, t•wt•li$odin the CLvpstruchan f tangible fixedass•ts •fidlher¥pitalisation rate used. {11) Ple8se provide the amounl of COntraCthJal ¢ommitfflents fortheacquisiuon ol tanglble lixeLlassets. (1111 Dot•ils olthe existence aftaTcatrylng amouilts ofproperty. plantand equipment to which Ihe charity has restrltted Iltlè Or thstbre pledgedws security lorliabllitie ' The In5f&'{ Is lorfftovements betbveen assetcalegors -Rease fftdK8te tbe m8thodoffèepTrCEiDn bydelplin9 the rnelhod noi app1K&e ISL- str8ghtlm8," RB- 156u¢mgb8nc•). Alsopl888e ¢8ts th tste oFdepTruatKm.' for&travJhl wh8tis the 8ntiopetedlife of lfve ass91 (in yearsj." IorffBdun9 balence, whal Is the pen1&g$ •nnu$ld8duGlion PaB• 22 CC17a{Exeell ZW011202
Section C Notes to the accounts Icontl Note 7 Stocks Please complete this note rf the ¢harity holds any stock itenjs 7.1 Please state the carrying amount of stock and work in progress analysed b&tween activiti. Stock Donated goods Work In progres$ For distribution For r05alè For distribution For r¢$al• Charitable activltl•$: onIng 396 Addod in period 1,314 Expons•d in period 1.368 Impaired Closing 342 Other trading a¢tlvitles'. Opening Add•d In p•riod Expens8d in period lfflpaired Closing Other- Openlng Added In perlod Expensed in period Impaired Closlng Total this year 342 Total previous year 519 Thls ear Last ear 7.2 Please specify tho carrying amount of any $tocks pledged as security for liabiliti&s Page 23 CC17a IE1) 2610112026
Section C Notes to the accounts (cont) Note 8 Debtors and prepayments Please completo this notè ITf the charity has any debtors orprepayments. 19.1 Analysis of debtors This year Last year Trade debtors Prepayments and accrued income Other debtors 2,738.0 Totsl Complete 19.2 where a material debtor is recoverable more than a year after the reporting date. 19.2 Disclosure of debtors recoverable in more than 1 year {included in debtors above) This year Last year Trade debtors Prepayments and accrued income Other debtors Totsl Page 24
Section C Notes to the accounts {cont) Note 9 Cash at bank and in hand This year Last year Short term cash inveslments Iless than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total 13,375 2,692 Page 25 CC17a IExcell 2610112026
Section C Notes to the accounts Icontl Note 8 Creditors and accruals Please complete this note if the charity has any creditors oraccruals. 8.1 Analysis of creditors Arnounts falling due within one year Amounts falling due after more than one year This year Last year This year L¥st year Accruals for grants payable Bank loans and overdrafts Trade Creditors 18,484 20,435 Payments received on account for contracts or performance-related grants Accruals and deferrod income 2,716 496 Taxation and social security Deferred income from capital grants 1,000 22,200 8,667 8,667 Total 20,931 20.2 Deferred income Please complete thls note If the charlty has deferred income. This ygar Dewenlside and Gateshead swim team received £10.000 of funding from Durham County Council lo purchase new starting bl¢xks in November 2024. Of this income, £333 has been amortised lo the profil and loss account in the year to 31.03.25 and the rest has been deferred and will be amortlsed lo the profil and loss account over the useful economic life of the starting blocks which is 10 years Last year Please explain the reasons why income is deferred. Movgment in deferred income account This year Last year Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period 8,667 8.667 Pag• 26 CC17a (Excell 2610112026
Not812 Transaction5 With truste85 and related partle$ ts3nsxiionsw¥th IareOrtO5 (oTh•rlh&n tho trust••0¥¥80¥pleID9O4ncVrtotos) ofsucb nsOns110u1dp1oLr In mis note. 11lh8rnarnrt1knS1d{tins to wrt. pl¢a504ntei 9.1 th•bDxor"F418•'lflkn•r4 b>n$tiOnS toA•port. 10.1 Trustfjg r•muneraiion •nd benefits This year Non•oflhe tiiAtws h4w bn 14 &ny NMun•r¥UoTrorrK¢fv•d any otherbgnentofrom an 9fflpl0ynwntw thglr Brfty or• r•l4trd TRUE Lutymr NonoIth•truAty bwn pjld 4fiy rgfflun+rntlon ¢Trrt•lYBd any oth•rbgngfft•fromanfjmpk>ym•niwFth thglrckarity Or4 rt4tsd èntity TRUE 10.2 Tru¥tsoJ' expenoes FALSE Typv of•xpBn4•x yoar La•ty•4r Tr¥v•l AccurnrnodaOTh OlhèrlplEas0 ¥PocIty)'. Plo48• prdth0 numborof INsts•s nlmburnAd l•rwpgn•96 ofwhtsad P41d bylhv ch4rsty 10.3 TransactlDnl£l rvlatsd eas•g[&taIISOAayttaS&¢I1Qn ut)d•rtakon byforon I00 tho clrartyln whlch •j&t•1[all1rnSt. IncludiNJwMrtlundsfvavebwnheld 49ortforr•laredpertles. Iflh¢rtartiitssuch bStOnS.&¢fjntsr In.11h9tsQxprn. Thls There bwn nD rnlaiud party lrnnwtloni In the rewrung perlod TRUE Name ol thtrtruts•Or rltsd yrty <>ff durtng &11¢nIhIpI0Ch4rfty Amt>unt 8alan¢o p4rbJ Provthion for b4d dotsto It pprfod ond Crant Detwenl%d8 svhmrrdno dvb Donal rnadeto Ihetharfty DSC S1 ex1515 a5 a 5EP4[alelSlW. the OSC Synmmers tr8netted lothe GAW CIO DU0 the PEnotttrom SpplEmbpr 24 10 Jawy 25. DSC the waoes of50 of the Coacng 51Bff1£19.1191. pthsed gym EquipmentC051iry E3268and pEfUr Some ollrtosis. Th15hèS bB8n a dOnaA In Ir8¢toun15 DSC GÈie5hEad Vthickham S1MMVj Club IGAWI Irom September2024 Ihg dub namewasthdntrd to Dernntae ana GaiÈshea Svthm Team iosci 24.127 Inrglaiiortto akn•, th8 wd¢ondJllons. lnc1tsdlv •nyJectstty Last y•ar Thpro havq boon nr*t•lat•d party tr4n$a¢fjorfy In thg ron9 TRUE C&011Chan1IruÈKI dllna1KMdÈ60th)IDlhecPwtyoDJuly 151h 3024 In Dscth Pige27 21028