## 

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## 

||||||Page|
|---|---|---|---|---|---|
|Reference and administrative||details|ofthe Company,|its Trustees and advisers||
|Trustees'<br>report|||||2-7|
|Independent|auditors'<br>report|on the financial statements|||8-11|
|Consolidated|statement<br>offinancial activities||||12|
|Consolidated|income and expenditure||account||13|
|Consolidated|balance sheet||||14-15|
|Company<br>balance sheet|||||16-17|
|Consolidated|statement<br>ofcash flows||||18|
|Company<br>statement<br>ofcash||flows|||19|
|Notes to the|financial statements||||20-42|





## 

|REFERENCE AND|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE|DETAILS|DETAILS|DETAILS|OF THE COMPANY, ITS TRUSTEES AND ADVISERS|OF THE COMPANY, ITS TRUSTEES AND ADVISERS|OF THE COMPANY, ITS TRUSTEES AND ADVISERS|OF THE COMPANY, ITS TRUSTEES AND ADVISERS|OF THE COMPANY, ITS TRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||FOR THE YEAR ENDED 31|||||||MAY 2021||
|Trustees||||Dave Lewis, Trustee (appointed|||||6 November 2015)||||
|||||Ayo Akinwolere,||Trustee||(appointed||13April 2021)|||
|||||Mike Walters, Trustee (appointed|||||25||May 2017)||
|||||Alison Beckman,||Trustee||& President|||(appointed|11 December 2018)|
|||||Joanne Bradshaw,|||Trustee (appointed||||5 December 2019)||
|Company||registered|||||||||||
|number||||01272519|||||||||
|Charity|registered||||||||||||
|numbers||||1051631and SC041988|||||||||
|Registered|||office|Anchor House|||||||||
|||||Birch Street|||||||||
|||||Walsall|||||||||
|||||West Midlands|||||||||
|||||WS2 8HZ|||||||||
|Principal||operating||Anchor House|||||||||
|office||||Birch Street|||||||||
|||||Walsall|||||||||
|||||West Midlands|||||||||
|||||WS2 8HZ|||||||||
|Chief executive officer||||Dave J Candler|||||||||
|Independent|||auditors|Fraser Russell|Limited||||||||
|||||77 Francis Road|||||||||
|||||Edgbaston|||||||||
|||||Birmingham|||||||||
|||||B168SP|||||||||
|Solicitors||||Trowers<br>& Hamlins|||LLP||||||
|||||10Colmore Row|||||||||
|||||Birmingham|||||||||
|||||B32QD|||||||||





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## 



THE SWIMMING TEACHERS ASSOCIATION LTD
IA company Ilmlted by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2021
Achlevements and performancè
a. Key perforniance indicators
W8 are rjelighted lo ieport that the organisalion has iecoideis a surplus for the year of £45,34512020".£185,4151.
This is in line with the Iruslees expeclolion$.
b. Review of activitiès
The activities of thè organisalion are continually reviewecs in order lo ensure that they are suitable and continuing
to achieve our objectives as laid down in the business plan and slral8gy documènt. Each oclivily is reviewed by
the management team and, il necessary, the Board of Trustees.
Use of charitabl8 funds
The Company has successfully defended a claim brought by Theo Millward. a formèr employee, In the
Employment Tribunal. The full case dètails can be found al..
https../￿.9ov.uklempI0yMent4rlbU￿a1-d9¢lS1On51rrbr-IheQ.Mll1ward-v-Ihe-SW1mMIng-Ieache[S-a5sOClaIi0n-1Id-
and-sla.resolule-lechnology-Ild-1304659-2015.
At a co$t$ hearing held on 4th February 2019, the Company was successful in obtaining a eosls award against
Theo Millward, whose actions were found lo be unreasonable and deliberate. Theo Mi15ward has now exhausted
the various appea15 processes, all of which were dismissed. The costs assessrnent hearing had been listed for
19 & 20 October 2021 and this would have determined the amount of costs that Theo Milfvard had to pay lo the
Company. However, this did not go as the parties agreed terms of settlement beforehand.
As reported in previous years, the Company is pursuing a ¢laim against ils former Chief Executive Officer, Johrb
Roger Mil￿8rd. valued at approximately £4 million in connection with alleged misrepresentation, unjust
enri¢hmenVTeslilulion and breach of fiduciary dLJty in connection with unauthorised remuneration and other
benefits, and expenses fraud {the Claim). Mr Millward is defending the Claim. He also brought Employment
Tribunal proceedings against the Company, including a claim for unfair dismissal. Th8 Employmènt Tribunal
proceedings are stayed pending the outcome of the Claim in the High Court. John Roger Mil￿ard entered into
bankruptcy in May 2019 and has since been discharged. The Claim is currently stayed and John Roger
mil￿ard'S Tiuslees in Bankruplcy's investigations into his affairs are continuing. The Company regulady updates
the Charity Commission legarding the pr￿re$S of the Claim and the Employment Tribun81 proceedin9S.
The Trusteès are confidenl that the ongoing claim against John Roger Mil￿3rd will be a suc¢ess biinging in a
S￿nifiCant amount ol cash lo the Company lo spend on il'5 charitabl8 objectives.
On this basis, no fijrther provision for legal ¢0518 has been made in these financial statements.
Flnancial review
a. Golng Concern
After making appropriate enquiries, the Tfuslees have a reasonable expectation that the Company has adequate
resources lo Continue in operational &xislence for the foreseeable future. For this reason, they continue lo adopt
the going concern basis in preparing the financial slalemenls. Further details regarding the adoption of the going
concein basis cAn be found in the accounting policies.
Page 3

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## 

||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2021<br>f|2021|2021<br>f|2020f|
|Income from:|||||||
|Donations<br>and legacies||||604,007|604,007|284,021|
|Charitable<br>activities|||9,295|1,111,342|1,120,637|1,897,751|
|Other trading<br>activities||||73,442|73,442|112,543|
|Other income||||73|73|591|
|Tota I income|||9,295|1,788,864|1,798,159|2,294,906|
|Expenditure<br>on:|||||||
|Raising funds||||47,769|47,769|114,777|
|Chantable<br>activities|||9,295|1,698,085|1,707,380|1,994,713|
|Tota I expenditure|||9,295|1,745,854|1,755,149|2,109,490|
|Net income before|taxation|||43,010|43,010|185,416|
|Taxation||13||||(2,335)|
|Net income after taxation||||43,010|43,010|183,081|
|Pnor Year Adjustments||||2,335|2,335||
|Net movement<br>in funds||||45,345|45 345|183081|
|Reconciliation<br>offunds:|||||||
|Total funds brought|forward|||1,131,335|1,131,335|948,254|
|Net movement<br>in funds||||45,345|45,345|183,081|
|Total funds carried|forward|||1,176,680|1,176,680|1,131,335|





## 

## 

|||||Total funds|Total funds|
|---|---|---|---|---|---|
|||||2021|2020f|
|Gross income|In the reporting|period||1,798,159|2,294,906|
|Less: Total expenditure||||(1,755,149)|(2,109,490)|
|Net income before taxation for the reporting|||period|43,010|185,416|
|Tax payable|||||(2,335)|
|||||43,010|183,081|
|Net income for|the reporting|period||||





## 

## 

||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Note||||6|
|Fixed assets||||||||
|Tangible assets|||14||504,238||524,219|
||||||504,238||524,219|
|Current assets||||||||
|Stocks|||16|89,000||88,400||
|Debtors|||17|167,401||321,999||
|Cash at bank and|in|hand||839,701||309,132||
|||||1,096,102||719,531||
|Creditors: amounts|falling due within one|||||||
|year|||18|(196,685)||(84,478)||
|Net current assets|||||899,417||635,053|
|Total assets less|current liabilities||||1,403,655||1,159,272|
|Creditors. amounts|falling due after more|||||||
|than one year|||19||(208,333)|||
|Deferred<br>Income|||21||(18,642)||(27,937)|
|Net assets excluding||pension asset|||1,176,680||1,131,335|
|Total net assets|||||1,176,680||1,131,335|
|Charity funds||||||||
|Unrestricted<br>funds|||22||1,176,680||1,131,335|
|Total funds|||||1,176,680||1,131,335|





## 

## 

## 

||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Note||6|||
|Fixed assets||||||||
|Tangible assets|||14||502,238||521,219|
|Investments|||15||106||106|
||||||502,344||521,325|
|Current assets||||||||
|Stocks|||16|89,000||88,400||
|Debtors|||17|109,981||323,432||
|Cash at bank and|in|hand||838,492||307,771||
|||||1,037,473||719,603||
|Creditors: amounts|falling due within one|||||||
|year|||18|(136,163)||(79,322)||
|Net current assets|||||901,310||640,281|
|Total assets less|current liabilities||||1,403,654||1,161,606|
|Creditors: amounts|falling due after more|||||||
|than one year|||19||(208,333)|||
|Deferred<br>Income|||21||(18,642)||(27,937)|
|Net assets excluding||pension asset|||1,176,679||1,133,669|
|Total net assets|||||1,176,679||1,133,669|
|Charity funds||||||||
|Unrestncted<br>funds|||22||1,176,679||1,133,669|
|Total funds|||||1,176,679||1,133,669|





# 



## 

## 

## 

||||||2021|2020|
|---|---|---|---|---|---|---|
||||||6||
|Cash flows from operating|activities||||||
|Net cash used<br>in operating|activities||||280,569|(113,930)|
|Cash flows from investing|activities||||||
|Purchase<br>oftangible<br>fixed assets||||||(13,628)|
|Net cash provided<br>by/(used<br>in) investing|||activities|||(13,628)|
|Cash flows from financing|activities||||||
|Cash inflows<br>from new borrowing|||||250,000||
|Net cash provided<br>by financing<br>activities|||||250,000||
|Change<br>in cash and cash|equivalents|in|the year||530,569|(127,558)|
|Cash and cash equivalents|at the beginning||ofthe year||309,132|436,690|
|Cash and cash equivalents|at the end|of|the year||839,701|309,132|
|The notes on pages 20to 42 form part ofthese financial||||statements|||





## 

|||2021<br>6|2020f|
|---|---|---|---|
|Cash flows from operating<br>activities||||
|Net cash used<br>in operating<br>activities||280,721|(114,531)|
|Cash flows from investing<br>activities||||
|Proceeds from the sale oftangible<br>fixed assets|||(13,628)|
|Net cash provided<br>by/(used<br>in) investing|activities||(13,628)|
|Cash flows from financing<br>activities||||
|Cash inflows from new borrowing||250,000||
|Net cash provided<br>by financing<br>activities||250,000||
|Change<br>in cash and cash equivalents<br>in|the year|530,721|(128,159)|
|Cash and cash equivalents<br>at the beginning|ofthe year|307,771|435,930|
|Cash and cash equivalents<br>at the end of|the year|838,492|307,771|
|The notes on pages 20to 42 form part ofthese financial statements||||





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## 



## 

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## 



## 

## 

## 

|Freehold<br>property|- Nil|
|---|---|
|Motor vehicles|- Nil|
|Fixtures and fittings|- 10%|
|Computer<br>equipment|- 25%|
|Other fixed assets (Regalia &|- Nil|
|Trophies)||



## 

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## 



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## 

## 

## 

## 

||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2021|
||||f|6|
|Grants|||599,174|599,174|
|Similar|incoming|resources|4,833|4,833|
||||604,007|604,007|
||||Unrestricted|Total|
||||funds|funds|
||||2020<br>5|2020f|
|Grants|||271,471|271,471|
|Similar|incoming|resources|12,550|12,550|
||||284,021|284,021|



## 

|||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2021|
||||||6|6|
|Income|from|charitable|activities|9,295|1,111,342|1,120,637|
|||||Restricted|Unrestricted|Total|
|||||funds|funds|funds|
|||||2020|2020|2020|
|||||5||5|
|Income|from|charitable|activities|85,371|1,812,380|1,897,751|





## 

## 

## 

## 

## 

||||||Unrestricted|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2021|2021|
||||||E|E|
||Sales|from subsidiary||undertakings|73,442|73,442|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2020|2020|
||||||E||
||Sales|from subsidiary||undertakings|112,543|112,543|
|6.|Other|incoming|resources||||



|||Unrestncted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|||6|E|
|Interest|received|73|73|
|||Unrestricted|Total|
|||funds|funds|
|||2020|2020|
|Interest|received|591|591|





## 

## 

## 

## 

## 

||||||Unrestncted|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2021|2021|
||||||6|E|
|Costs|of|raising|voluntary|income|(900)|(900)|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2020|2020|
||||||8||
|Costs|of|raising|voluntary|income|15,548|15,548|



## 

|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|||9|6|
|Cost ofsales||47,512|47,512|
|Administration|expenses|157|157|
|Administration|depreciation|1,000|1,000|
|||48,669|48,669|





## 

## 

|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
|||E||
|Cost ofsales||98,062|98,062|
|Administration|expenses|167|167|
|Administration|depreciation|1,000|1,000|
|||99,229|99,229|



## 

|||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2021|
|||||E|E|f|
|Direct costs||||9,295|139,507|148,802|
|Wages &Salanes|||||1,061,642|1,061,642|
|Costs of Courses|||||72,776|72,776|
|Postage & Carriage|||||41,471|41,471|
|Repairs 8 Maintenance|||||217,926|217,926|
|Advertising|&|Marketing|||58,890|58,890|
|Bank Charges|||||19,331|19,331|
|Insurances|||||54,993|54,993|
|Depreciation||& Contract|Hire Charges||31,549|31,549|
|||||9,295|1,698,085|1,707,380|





## 

## 

## 

## 

## 

||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2020<br>E|2020<br>f|2020f|
|Direct costs|||9,295|224,525|233,820|
|Wages<br>& Salaries|||76,076|1,125,627|1,201, 703|
|Costs of Courses||||110,567|110,567|
|Postage &Carriage||||60,682|60,682|
|Repairs 8 Maintenance||||159,303|159,303|
|Advertising|& Marketing|||94,905|94,905|
|Bank Charges||||32,551|32,551|
|Insurances||||52,660|52,660|
|Depreciation|& Contract|Hire Charges||48,522|48,522|
||||85,371|1,909,342|1,994,713|
|Analysis of|expenditure|by activities||||



||||Support|Total|
|---|---|---|---|---|
||||costs|funds|
||||2021<br>6|2021<br>f|
|Direct costs|||148,802|148,802|
|Wages &Salaries|||1,061,642|1,061,642|
|Costs of Courses|||72,776|72,776|
|Postage<br>& Carriage|||41,471|41,471|
|Repairs<br>& Maintenance|||217,926|217,926|
|Advertising<br>&|Marketing||58,890|58,890|
|Bank Charges|||19,331|19,331|
|Insurances|||54,993|54,993|
|Depreciation|& Contract|Hire Charges|31,549|31,549|
||||1,707,380|1,707,380|





## 

## 

## 

## 

|||||Support|Total|
|---|---|---|---|---|---|
|||||costs|funds|
|||||2020|2020|
|||||6|6|
|Direct costs||||233,820|233,820|
|Wages & Salaries||||1,201,703|1,201,703|
|Costs ofCourses||||110,567|110,567|
|Postage &Carriage||||60,682|60,682|
|Repairs<br>& Maintenance||||159,303|159,303|
|Advertising|&|Marketing||94,905|94,905|
|Bank Charges||||32,551|32,551|
|Insurances||||52,660|52,660|
|Depreciation||& Contract|Hire Charges|48,522|48,522|
|||||1,994,713|1,994,713|



## 

|||||2021<br>E|2020f|
|---|---|---|---|---|---|
|Fees payable to the Company's|auditor|for|the audit ofthe Company's|||
|annual accounts||||6,582|6,332|
|Fees payable to the Company's|auditor|in|respect of:|||
|All taxation<br>advisory sennces not|included||above|300|300|




|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
|||||2021<br>f|2020<br>f|2021<br>E|2020|
|Wages and|salanes|||949,527|1,081,878|949,527|1,081,878|
|Contribution|to defined|contribution|pension|||||
|schemes||||112,115|119,825|1 12,115|119,825|
|||||1,061,642|1,201,703|1,061,642|1,201, 703|





## 

## 

||Group|Group|Company|Company|
|---|---|---|---|---|
||2021|2020|2021|2020|
||No.|No.|No.|No.|
|Employees|31|41|31|41|



## 



## 

## 

## 

## 

|||||||||f|2021||2020f|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Corporation|tax|||||||||||
|Current tax|on net income for the year||||||||||2,335|
|Taxation on net income|||||||||||2,335|
|The tax assessed for the year is the same as|||(2020- the||same as)||the standard|rate|ofcorporation||tax in|
|the UK of 19%(2020- 19%).The differences|||are|explained||below'||||||
||||||||||2021||2020|
|||||||||f||||
|Net income|before tax|||||||43,010||185,416||
|Net income|multiplied<br>by the standard|rate of|corporation||tax|in the|UK of 19|||||
|(2020 —19%)||||||||8,172||35,229||
|Effects of:||||||||||||
|Non-taxable|income less expenses<br>not|deductible||for tax|purposes,||other|||||
|than goodwill|and impairment|||||||(8,172)||(32,894)||
|Total tax charge for the year|||||||||||2,335|





## 

## 

## 

## 

## 

||Freehold|Motor|Fixtures and|Computer|Other fixed||
|---|---|---|---|---|---|---|
||property<br>f|vehicles|fittings<br>6|equipment<br>6|assets<br>f|Total<br>6|
|Cost or valuation|||||||
|At1 June2020|459,406|16,023|391,153|4,000|8,382|878,964|
|Disposals|||(246,316)|||(246,316)|
|At 31 May 2021|459,406|16,023|144,837|4,000|8,382|632,648|
|Depreciation|||||||
|At 1 June 2020||16,023|337,722|1,000||354,745|
|Charge for the year|||18,981|1,000||19,981|
|Qn disposals|||(246,316)|||(246,316)|
|At 31 May 2021||16,023|110,387|2,000||128,410|
|Net book value|||||||
|At 31 May 2021|459,406||34,450|2,000|8,382|504,238|
|AI31May 2020|459,406||53,431|3,000|8,382|524,219|





## 

## 

## 

## 

## 

||Freehold||Fixtures and|Other fixed||
|---|---|---|---|---|---|
||property<br>6|Motor vehicles|fittings<br>f|assets<br>E|Total<br>E|
|Cost or valuation||||||
|At 1 June 2020|459,406|16,023|391,153|8,382|874,964|
|Disposals|||(246,316)||(246,316)|
|At 31 May 2021|459,406|16,023|144,837|8,382|628,648|
|Depreciation||||||
|At 1 June 2020||16,023|337,722||353,745|
|Charge for the year|||18,981||18,981|
|On disposals|||(246,316)||(246,316)|
|At 31 May 2021||16,023|110,387||126,410|
|Net book value||||||
|At 31 May 2021|459,406||34,450|8,382|502,238|
|At 31May 2020|459,406||53,431|8,382|521,219|





## 

## 

## 

## 

|||||||Investments<br>in|
|---|---|---|---|---|---|---|
|||||||subsidiary|
||Company|||||companies<br>f|
||Cost or valuation||||||
||At 1 June 2020|||||106|
||At 31 May 2021|||||106|
||Net book value||||||
||At 31 May 2021|||||106|
||At 31May 2020|||||106|
|16.|Stocks||||||
||||Group|Group|Company|Company|
||||2021<br>f|2020f|2021<br>f|2020f|
||Finished goods and goods for resale||89,000|88,400|89,000|88,400|
|17.|Debtors||||||
||||Group|Group|Company|Company|
||||2021<br>f|2020<br>f|2021<br>f|2020<br>f|
||Due within one year||||||
||Trade debtors||126,664|79,771|57,993|37,395|
||Amounts<br>owed by group|undertakings|||11,251|47,508|
||Other debtors||2,270|6,587|2,270|6,487|
||Prepayments<br>and accrued income||38,467|235,641|38,467|232,042|
||||167,401|321,999|109,981|323,432|





## 

## 

## 

## 

|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
|||||2021<br>f|2020|2021<br>f|2020|
|Bank loans||||41,667||41,667||
|Trade creditors||||59,241|32,602|51,650|32,132|
|Corporation|tax||||2,335|||
|Other taxation||and social secunty||22,757|23,906|22,757|23,906|
|Other creditors||||3,284||3,386||
|Accruals and|deferred||income|69,736|25,635|16,703|23,284|
|||||196,685|84,478|136,163|79,322|



## 

||Group|Group|Company|Company|
|---|---|---|---|---|
||2021|2020<br>f|2021<br>f.|2020<br>f|
|Bank loans|208,333||208,333||
|Included<br>within the above are amounts|falkng due as follows:||||
||Group|Group|Company|Company|
||2021<br>f|2020<br>f|2021<br>f|2020<br>f|
|Between one and two years|||||
|Bank loans|41,666||41,666||
|Between two and five years|||||
|Bank loans|125,000||125,000||
|Over five years|||||
|Bankloans|41,667||41,667||





## 

## 

## 

## 

|Financial assets|Financial assets||Group<br>2021<br>f|Group<br>2020f|Company<br>2021<br>f|Company<br>2020f|
|---|---|---|---|---|---|---|
|Financial|assets measured|at fair value|||||
|through|income and expenditure||839,701|309,132|838,492|307,771|



## 

|||Group<br>2021<br>f|Group<br>2020<br>f|Company<br>2021<br>f|Company<br>2020|
|---|---|---|---|---|---|
|Government<br>Grants||18,642|27,937|18,642|27,937|
|Statement<br>offunds||||||
|Statement offunds -current|year|||||
||Balance at 1<br>June 2020<br>f|Income<br>f|Expenditure<br>f|Prior Year<br>Adjustment<br>f|Balance at 31<br>May 2021<br>f|
|Unrestricted<br>funds||||||
|General<br>Funds<br>—all funds|1,131,335|1,788,864|(1,745,854)|2,335|1,176,680|
|Restricted funds||||||
|Restncted<br>Funds - all funds||9,295|(9,295)|||
|Total offunds|1,131,335|1,798,159|(1,755,149)|2,335|1,176,680|



## 



## 

## 

## 

||Statement<br>offunds<br>-prior|Statement<br>offunds<br>-prior|year|||||
|---|---|---|---|---|---|---|---|
||Unrestricted<br>funds||Balance at<br>1June 2019|Income<br>E|Expenditure<br>f|Taxation|Balance at<br>31May 2020<br>E|
||General<br>Reserves|Funds - all funds|962,336<br>(14,082)|2,209,535|(2024, 119)|(2,335)|1,145,417<br>(14,082)|
||||948,254|2,209,535|(2,024, 119)|(2,335)|1,131,335|
||Restricted<br>funds|||||||
||Restricted<br>Restricted|Funds<br>1<br>Funds 2||76,076<br>9,295|(76,076)<br>(9,295)|||
|||||85,371|(85,371)|||
||Total offunds||948,254|85,371|(2,109,490)|(2,335)|1,131,335|
|23.|Summary|offunds||||||
||Summary|offunds -current|year|||||
||||Balance at 1<br>June 2020<br>B|income<br>8|Previous Year Balance at 31<br>Expenditure<br>Adjustment<br>May 2021<br>8<br>8<br>8|||
||General funds<br>Restricted<br>funds||1,131,335|1,788,864<br>9,295|(1,745,854)<br>(9,295)|2,335|1,176,680|
||||1,131,335|1,798,159|(1,755,149)|2,335|1,176,680|





## 

## 

## 

|||Balance at||||Balance el|
|---|---|---|---|---|---|---|
|||1June 2019<br>8|Income|Expendi lure<br>6|Taxation<br>8|31Mey 2020<br>E|
|General funds||948,254|2,209,535|(2,024,119)|(2,335)|1,131,335|
|Restricted|funds||85,371|(85,371)|||
|||948,254|2,294,906|(2,109,490)|(2,335)|1,131,335|



|24.|Analysis|ofnet assets between|funds||||
|---|---|---|---|---|---|---|
||Analysis|of net assets between|funds|-current year|||
||||||Unrestncted|Total|
||||||funds|funds|
||||||2021|2021|
|||||||E|
||Tangible|fixed assets|||504,238|504,238|
||Current assets||||1,096,102|1,096,102|
||Creditors|due within one year|||(196,685)|(196,685)|
||Creditors|due in more than one year|||(208,333)|(208,333)|
||Provisions|for liabilities and charges|||(18,642)|(18,642)|
||Total||||1,176,680|1,176,680|



|Analysis|of net assets||between|funds - prior year|||
|---|---|---|---|---|---|---|
||||||Unrestncted|Total|
||||||funds|funds|
||||||2020f|2020<br>8|
|Tangible|fixed assets||||524,219|524,219|
|Current assets|||||719,531|719,531|
|Creditors|due within one||year||(84,478)|(84,478)|
|Provisions|for liabihties|and charges|||(27,937)|(27,937)|
|Total|||||1,131,335|1,131,335|





## 

## 

## 

## 

|||||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|---|---|
|||||||2021<br>f|2020f|2021|2020f|
||Net income for the|year (as per Statement|||of|||||
||Financial<br>Activities)|||||43,010|183,081|43,010|171,333|
||Adjustments<br>for:|||||||||
||Depreciation<br>charges|||||19,981|32,021|18,981|31,021|
||Decrease/(increase)||in stocks|||(600)|238|(600)|238|
||Decrease/(increase)||in debtors|||154,598|(114,734)|213,451|(114,789)|
||Increase/(decrease)||in creditors|||61,245|(214,536)|5,879|(202,331)|
||Pnor Year Adjustment|||||2,335||||
||Net cash provided|by/(used||in) operating||||||
||activities|||||280,569|(113,930)|280,721|(114,528)|
|26.|Analysis ofcash and cash equivalents|||||||||
|||||||Group|Group|Company|Company|
|||||||2021<br>f|2020<br>f|2021<br>f|2020f|
||Cash<br>in hand|||||839,701|309,132|838,492|307,771|
||Total cash and cash||equivalents|||839,701|309,132|838,492|307,771|
|27.|Analysis ofchanges||in net debt|||||||
||||||||At 1 June||At 31 May|
||||||||2020<br>f|Cash flows<br>f|2021<br>f|
||Cash at bank and<br>in|hand|||||309,132|530,569|839,701|
||Debt due within<br>1 year|||||||(41,667)|(41,667)|
||Debt due after<br>1 year|||||||(208,333)|(208,333)|
||||||||309,132|280,569|589,701|





## 

## 

## 

## 

## 

|under non|-can|<br> <br>cellable<br>operating<br>leases as follows:|<br><br>|payments|
|---|---|---|---|---|
||||Group|Gmup|
||||2021|2020|
||||6||
|Not later than||1 year|7,098|11,122|
|Later than|1 year and not later than 5 years||16,069|14,377|
||||23,167|25,499|



## 

## 



## 

|Principal sub|Principal sub|sidiaries|sidiaries|sidiaries|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The following||were subsidiary|||undenakings||of the Company||||||||||
|Names||||||||Company<br>number|Registered<br>office or pnnclpal<br>place of business||||Principal|ecdvlty|Class of<br>shares|Holding|
|STA Excel Limited||||||||01282358|Anchor|House|Birch Street||General|secondary|Ordmary|100'A|
||||||||||Walsag, West||Midlands,|WS2|educaoon|and|||
||||||||||SHZ||||achvrbes|of|||
||||||||||||||professional||||
||||||||||||||membership||||
|STA Resdute||Technology||Limited||||07772175|Anchor|House.|Birch Street||orgeniseeons<br>Business and||Ordmary|100%|
||||||||||Walsag,|West|Midlands,|WS2|domasec|software|||
|Aquacise|Limited|||||||05544732|8HZ<br>Anchor|House,|Birch Street,||dvslopment<br>Dormant<br>Company||Ordinary|100%|
||||||||||Wslsag,|Wast|Midlands,|WS2|||||
||||||||||SHZ||||||||
|Register|ofAquabc Professionals|||||Limited||05788570|Anchor|House,|Birch Street||Dormant|Company|Ordmary|100%|
||||||||||Walsag|West|Midlands,|WS2|||||
||||||||||8HZ||||||||
|Safety Trainmg||Awards|Limited|||||05544759|Anchor|House,|Birch Street,||Dormant|Company|Ordinary|100A|
||||||||||Walsall,|West|Midlands,|WS2|||||
||||||||||SHZ||||||||
|Safety Training||Assess|Limned|||||11287449|Anchor|House,|Birch Street,||Dormant|Company|Ordinary|100'/|
||||||||||Walsag,|West|Midlands,|WSZ|||||
||||||||||8HZ||||||||





## 

## 

## 

|The financial<br>results ofthe subsidia|nes<br>for the year|were:|||
|---|---|---|---|---|
|Names||Income|Expenditure|Net assets|
|||E|E|E|
|STA Excel Limited<br>STA Resolute Technology<br>Limited<br>Aquacise<br>Limited<br>Register ofAquatic Professionals<br>Safety Training<br>Awards<br>Limited<br>Safety Training Assess Limited|Limited|73,442|(73,442)|2<br>1<br>1<br>1<br>1<br>100|