Academy Swim Tèam BWnhaM￿n.sea Club- Annual accounts to 31 August 2025 ACADEMY SWIM TEAM BURNHAM-ON-SEA Charitable Incorporated Organisation Charity number: 1211831 Annual Report and Financial Statements for the period from 1 February 2025 to 31 August 2025 Jl Registered 88 a Chantable Incc¥Fwat8d Organlsation following the transferof activib8s from the fom78r club on I Febmary 2025. Charity number 1211831 Acadtmy Swin Team Burnharmn-sea ChJb- Annual accounts to 31 August 2025 Contents Sectlon Pago Trustees, annual report Independent examineffs report Receipts and payments accnunt St8témènt of assets and liabilities Noles to the ac￿Unts Charity nvmb8r 1211831 Acadery Swm Team Bumham-on4ea Club- knnual a¢counts to 31 August2025 Trustees, annual report The trustees prèsént their annual report and financial stat8m&nls for th8 p8fic*J from 1 February 2025 to 31 August 2025. 1. Reference and Admlnlstratfve Detalls Charity Name: Academy Swim Team BurnhaM-on￿0a Club Charity Number. 1211831 LwJal Status.. Charitable Incoipmted Organisation {ClOI Prindpal Office.. Bumham-on-sea. England Truste8s during the peri￿1.. Mark JimmSeson - Chaifperson Mair Howe- Club & Member Secre* (resigned May 2026) Tom Felton- Treasurer (resigned April 2026) Alan Howe- Trustee (appointed May 2025. resigned May 2026) Nicola Glanville- Truste8 (reslgnod May 2025) In April 2026, trustees were lomwlly appointsd.. Gary Elliott- Treasurer Lewls Plume- se￿etary Victoria Shortland- Vic8 Chair Goveming Document: Constitution (Version 2.0. last amended 03 June 2026} Affiliation8: Swim England Swim England South W8St Ltd Somerset Amateur Swimming Association 2. Structure, Govornan¢e and Managemgnt The charity 1$ constituted as a Charrtable Incorporated Organisation and Is govemad in accordance with its nstitut￿n and the Charltie$ Act 2011. The trustees are responslble for sett¢ng strategic diwtion. ensuring finar￿lat stewardship and 8ustsinabilty. maintaining effective govemance and internal controls, and ensuring ￿mpliance with applicable legislation and Swim Er¥Jland regulations. For a signtficant portion of the repyjrting perlod, govemance was overseen by a single truste8. In April 2026, the Iwstee structure was strengtPthed and new trustses appolnted, improving ovérnight. segregation of duties. and decisiCKH￿klng ￿pabilIty. Following this change, the trustees have implemented more formal govemance processes It￿uding regular review of financiat perfonnance, clearer allocation of responsibiliknes, and improved financial oversight. Charity number 1211831 Academy S%￿M Team BumhaM-￿-so8 Club- Annual accoun15 to 31 Augusi 2025 D8y4othy activilies continue to be delivered through a committee ¢omprislng trustees, volunteers and ¢))a¢hes. The charity adheres to Swim England regulations. including safeguarding requirements under the Wavepower framework. 3. Obl•cts and Publlc Bon￿lt The object ofthe tharity is to promote community partiCipa￿)n In h88fthy r8cr8ation through swimming and a88￿48ted activities. The trustees confirm that they have complled with the duty under the Charities Act 2011 to have due regard to the CKqrity Commission'5 guidanG8 ¢)n public bgnefiL The chaiity delivers publi¢ benefft by providing structured swimming pyo￿aMmeS for children and aduifs, supporting participatt'on in competitTrve swimming. promoting health and well-being within the local community, and ensuriro inclusve access regardless of background in line with aquality legislation and Swim England policy. 4. Actlvltl•s and Achlevements Cfver thè reporting period {January to Augu8t 2025), the charity has continued to deliver its core objecttves through structured swimmiro lessons and competitive training programmes. participation in local. regional and natson81 comFth'tions. ongoing 8ffi1i8tion and eAimpliance wrth Swim England, and dellvery of SeN1￿$ through voluntser-led model supported by qualified Gooches. Operationally. the charity has maintsined stable membership participatiL￿, slrengthened govemance arrang•m8nts follw.ng th8 appointment of new trustees in 2025 and 2026, improved financial controls and reporti￿ processes, and increased fundraising activty during the 2025 financial year. The trustees cons¥Jer that the charity has m8t its objectNes during the period and ￿ntinUeS to Operate effectively in pursuit of its charitable aims. 5. Financial Revi•w 5.1 Ovorylew Prior to operating as a charlty, the Academy Swim Team Burnharrpon-sea operated as a swimming club. The assets of the swimming dub were transferred to the Academy Swim Tgam. Bumham-on-sea Club as a charity on 1 February 2025. Collating the club and charitys financial perfonnanc8 over the three financial years 1$ summarised below.. 2023 FInar￿[al Year (September to August) Total Incom8: £67,712 Surplus: £3.339 Year*nd reseNes'. £11.189 2024 Flnancial Year (September to August) Totsl Income: £66,966 Charity nurnber 1211831 Academy Swm Team 8umham-on-S8a Club- Annual a(xouThts to 31 August 2025 D8fic4t.' (£1,$941 Year-end reserves.. £9.595 2025 Finanaal Year (September to August) Total Income.. £65.155 Surplus.. £7,520 Year-end reserves: £17.587 5.2 Incom• The charity's primary source of income is subscription and membership fees, which consistently represent the maj(ty of annual Income. Additi￿91 In￿Me is generated through fundralslng actlvitles. grants and other miscellanecws income. and swim- related activibes and events. In 2025. fijndraising in¢orne increased ￿mpared to Ihe prevDus year. contributing to improved financtal performance. 5.3 Expondlturo The chanty's principal expenditure relates to pwl hire costs, staff and coaching costs. gala aMI compelibo expenses, and operational costs induding softhre. banking and communications. Pool hire remains the most significant cost, rdecting Ihe operational nature of deltvertng swimming activities. 5.4 Financial Pertorman¢e Analysis The deficit in 2024 arose primarily due to increased competit￿n-related expenses. higher operational costs. and lower18vels of fUndra￿Ing ino)me. The improved financial t#)sition in 2025 reflects enhanced cost control measures. in¢reased fundraising Income, and additional income streams including grants and other income. This resulted In a strong recovery and a matsrla Increase In rèserves. 5.5 Financial Position At 31 August 2025, the charity held cash and cash equivalents of appr0￿matelY £17,587 and no material liabiSit*s. Th6 charity is therefore consider&J to be in a stsble finawal position with 8uffi¢ient liquidity to mg61 its ongoing obligations. 6. R•s•Th8s Pollcy Charity numbor 1211831 Academy Swim Team 8umham-On-Sea Club- Annual accounts to 31 Augusl 202u Th8 trustses aim to maintain adequate reserves to ensure continuty of operations. cover short-temi liabilities and unfor8seen costs, and support future development of the club. At thè 8nd of the 2025 financial year, r8S61V8S Stood at approxlmately £17,587. The Ituslees wnsider this level of reseNes to bg appropriate given the scale and na￿re of th8 charty's activities. 7. Rlsk Managomont The tfustees have identified and continue to monrtcf key risks induding depgndence on membgrship income, rising pwl hire costs. reliance on volunteers and coaching availability. a￿1 regulatw ccffjpliance requirements. The trans￿On to a multi-trustee structure in 2025 rs considered a key mth'galion measure. slrenglhenlng govemanG8, oversi3ht and accountability. Furth9r rnitigation actions include regular financial monitoring and budgeting, maintsining appropriate reserves, c(¥npliance with safeguardirrfJ polici8s, and ongolng governanco review aligned to the constitution. 8. Plans for Future Periods The trustees intend to gnjw membership in a controlled and sustainable manner. enhance ￿MpetItive perfonnance and participation, develop coaching capabilty and volunteer engagemenL increase fuThJralsing and diversify income streams, and conts'nue strengthening governance and financial managemenl. 9. Slatsmonl of Trustoes. Re8pon81bllltles The trustees are responslble for preparing the Trustees. Annual Report and financial statements in accordance with applicable law and United Kingdom accounting slandards. The trustees confirm that proper accounting records have been maintalned. the finanaal statements glve a tnje and fair view of the charity's financial posrtion, appropriate intemal controls are in place to saleguard the charilys assets, and the charity h&s complied with its gov8ming docum8nt and statutory requirements. 10. Independent Examlnatton The accounts for each financial year have b8en pr8par8d and are Subject to ind8P8nd8nt examination in accordance with the Charities Act 2011 and the charity's o)nstitution. 11. Approval Thig reFQrt was approved by the Board of Trustees and signed on its behalf. Name (prinled).. L&)I') fLv(oL Role: Tnjstee: Oate:24 June 2026 Ch8rity number 1211831 Academy Swim Team Bumhgm.on-Sea Club- Annual a￿O￿nts to 31 August 2025 Independent examiner's report to the trustees of Academy Swim Team Burnham-on-sea Club I rewrt to the trustees on my examination of the accounts ofAcademy Swim Team B￿nham￿n-se8 Club Ithe CIO) for the period endéd 31 August 2025. Responsibilities and basis of report As the charity trustees of the CIO. you are responsible for the preparatlon of the aCLounts In accordance wllh the requirements of the Charities Act 2011 (the 2011 Act). I report in r&specl of my examination of the CIO'S accounts carried out under section 145 of the 2011 Act. In carying out my examination I have followed the applicable Dire¢tions given by the Charity Gommission urKler section 145(51{bl of the 2011 Act. Independent examlner's statement I have completed my examination. I confim that no matters have come to my atterrtion in ￿nneCtIOn with the examination giving me caus8 to believe that in any material respect.. ac£ountiryJ records were not kept in respect of the CIO as required by Section 130 of the 2011 A¢ Ihe accounts do not accord v￿th those Mcords,. the accounts do not comply with the applicable requirements concerning the fomi and ¢ontenl of accounts set out in the Charitw (Accounts and Reports) Regulations 2008 other than any requirement that Ihe accounts gwe a true and fair view. which is not a matter considered a$ part of an independent examination. I have no ¢onc•ms and have come acn)ss no other matters in connection with the examination to which attention should be drawn in this report in order to ena￿@ a prop8r undwslandbng of the accounts to be reached. Signed: Gavin Roberts FCA Maxwglls Chartwed Accountsnts 4 King Square Bridgwater Somerset TA6 3YF Date: 25 June 2026 Charity nurnber 1211831 A¢atJemy Sw"m Team 8umh8rn-M-S8a Club- Nthnual acctsJnts to 31 August 202 Receipts and payments account For the period from 1 Febrnary 2025 to 31 A￿uSt 2025 Rocelpts Grants and donations 3.400 Swimming session fees 28.530 FuThJraising proflts 1,455 Joinirrfj and annual fees 3.476 Gala profits 271 Kit sales 1.813 Total reeeipts £38,945 Paym•nts Pool hire 17.578 Coaches 6,540 Subscriplons- Swlm England. Institute ol S￿MMing, SportsEngine 4,573 Kit purchases 1,866 Bank charges 555 Telephone 108 Swlm meet recharge outstsnding 1.974 Training courses 42 Totsl paymonts £33.236 Nat rocelpts for tho p8rfod £5,710. Charity Thjmbor 1211831 4cademv Swim Tèam Burnham.on.Sea Club- Annual 8tt0unts to 31 August 2025 Statement of assets and liabilities A88•ts at 31 August 2025 Bank £17,115 Cash £472 Total current a8sets £17.587 N•t assets £17,587 Llabllltlo$ Nono recorded Balance transferred from Academy S￿M Team PTior to charlty status on 1 February 2025 £11.877 Surplus for the penod £5,710 Total lunds £17,587 Apwoved by the trustees and signed on thèir behalf: Signed: Trustee Name: F￿e Date: 24 June 2026 Ch8niy numbBr 1211831 Academy Sw"m Team BuMham￿n-se8 C*Jb- Annual account$ to 31 August2￿25 Notes to the accounts l. Basis of preparation Th8 accounts havé been prepared on a recelpts and payments basis in accordance ¥wth the Charitie$ Act 2011 and th8 Ch￿￿eS {Ac￿Unts and RetK)rts} Regulations 2QK)8. 2. Fund accounting All funds are unrethcted unless othe￿iSe stated. The truslees have not identified any r8strthd ￿ndS 81 Ihe F)eriod end. 3. Related parties and trustee remuneration No trustee renMJner*ion has been induded in these accryjnts. Any trustee expenses. if incurred, would be reimbursed in accordance with the charitys tdicies and properfy authorised. 4. Transfer of opening funds The balance of £11.877 represents bank and cash balances transferred trom the former Academy Swim Team prior to charity status on 1 February 2025. 5. Post balance Sheet governance In Aprll 2026 Ihe trustee structure was strengthaned by the appointrnent of additional tnjstees. Tha trustees consider this to improv8 oversight. segregation of duties and decision-making capability- Chatfjty numbgr 1211831