2022-05-31-accounts - The Swimming Teachers Association Limited

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						Page
Reference and administrative details				ofthe Company,	its Trustees and advisers
Trustees' report (Incorporating		strategic and director's			report)	2-9
Independent	auditors' report on	the	financial statements			10-13
Consolidated	statement offinancial		activities			14
Consolidated	income and expenditure			account
Consolidated	balance sheet					16 - 17
Company balance sheet						18 - 19
Consolidated	statement ofcash	flows				20
Company statement ofcash flows
Notes to the	financial statements					22-44

The Group	's	greenh	ouse gas	emissions and energy consumption fo	r the year are	r the year are	given	below:
					Kwh t602e		Kwh	tcoge
UK Greenhouse	gas	emissions	and energy use	data for the penod 1tune 2021to31fday 2022	2022 2022		2021	2021
Electnmty					57,392	11	51,980
Gas					129,395	24	188,854	38
Total					186,787	35	240,834	49
Average number	of	employees			31	31	31	31
Per employee					6,025	1	7,769
Energy consumption		frgures taken from energy		bills and converted to metric tonne s of602e using relevant	UK conversion	fa«tora.

			Unrestricted	Total	Total
			funds	funds	funds
		Note	2022 f	2022 8	2021 5
Income from:
Donations and legacies			67,567	67,567	604,007
Charitable activities			2,180,792	2,180,792	1,120,637
Other trading activities			197,181	197,181	73,442
Other income			245	245	73
Total income			2,445,785	2,445,785	1,798,159
Expenditure on:
Raising funds			202,103	202,103	47,769
Charitable activities			1,892,451	1,892,451	1,707,380
Total expenditure			2,094,554	2,094,554	1,755,149
Net income			351,231	351,231	43,010
Transfers between	funds	22			2,332
Net movement in	funds		351,231	351,231	45,342
Reconciliation of	funds:
Total funds brought	forward		1,176,680	1,176,680	1,131,338
Net movement in funds			351,231	351,231	45,342
TOTaITunds carried forward			1,527,911	1,527,911	1,176,680

			Total funds	Tofal funds
			2022 f	2021f
Gross income	in the reporting	period	2,445,785	1,798,159
,Less: Total expenditure			(2,094,554)	(1,755,149)
Net income for	the reporting	period	351,231	43,010
The notes on pages 22 to 44 form part ofthese financial statements.

					2022		2021
			Note
Fixed assets
Tangible assets			14		520,191		504,238
					520,191		504,238
Current assets
Stocks			16	140,204		89,000
Debtors			17	163,494		167,401
Cash at bank and	in hand			1,015,350		839,701
				1,319,048		1,096,102
Creditors: amounts	falling due within one
year			18	(144,662)		(196,685)
Net current assets					1,174,386		899,417
Total assets less	current liabilities				1,694,577		1,403,655
Creditors: amounts	falling due after more
than one year			19		(166,666)		(208,333)
Deferred Income			21				(18,642)
Net assets excluding		pension asset			1,527,911		1,176,680
Total net assets					1,527,911		1,176,680
Charity funds
Unrestricted funds			22		1,527,911		1,176,680
Total funds					1,527,911		1,176,680

				COMPANY	BALANCE SHEET
				AS AT	31 MAY 2022
						2022		2021
				Note				5
Fixed assets
Tangible assets				14		519,191		502,238
Investments				15		106		106
						519,297		502,344
Current assets
Stocks				16	140,204		89,000
Debtors				17	163,195		109,982
Cash at bank and	in hand				1,015,350		838,492
					1,318,749		1,037,474
Creditors: amounts	falling		due within one
year				18	(143,469)		(136,163)
Net current assets						1,175,280		901,311
Total assets less	current		liabilities			1,694,577		1,403,655
Creditors: amounts	falling		due after more
than one year				19		(166,666)		(208,333)
Deferred Income				21				(18,642)
Net assets excluding		pension asset				1,527,911		1,176,680
Total net assets						1,527,911		1,176,680
Charity funds
Unrestricted funds				22		1,527,911		1,176,680
Total funds						1,527,911		1,176,680

					2022	2021
Cash flows from operating		activities
Net cash used in operating	activities				252,413	280,569
Cash flows from investing		activities
Purchase oftangible fixed assets					(35,764)
Net cash (used in)/provided		by investing		activities	(35,764)
Cash flows from financing		activities
Cash inflowe from new borrowing						250,000
Repayments of borrowing					(41,667)
Net cash (used in)/provided		by financing		activities	(41;667)	250,000
Change in cash and cash		equivalents	in	the year	174,982	530,569
Cash and cash equivalents		at the beginning		ofthe year	839,701	309,132
Bank Overdraft					667
Cash and cash equivalents		at the end	of	the year	1,015,350	839,701

					2022	2021
					6
Cash flows from operating		activities
Net cash used in operating		activities			254,289	280,721
Cash flows from investing		activities
Purchase oftangible assets					(35,764)
Net cash (used in)/provided		by investing		activities	(35,764)
Cash flows from financing		activities
Cash inflowe from new borrowing						250,000
Repayments of borrowing					(41,667)
Net cash (used in)/provided		by financing		activities	(41,667)	250,000
Change in cash and cash		equivalents	in-the year		176,858	530,721
Cash and cash equivalents	at the beginning			ofthe year	838,492	307,771
Cash and cash equivalents		at the end	of	the year	1,015,350	838,492

						Unrestricted	Total
						funds	funds
						2022	2022
							6
	Grants					62,892	62,892
	Similar	incoming	resources			4,675	4,675
						67,567	67,567
						Unrestricted	Total
						funds	funds
						2021	2021
						6	6
	Grants					599,174	599,174
	Similar	incoming	resources			4,833	4,833
						604,007	604,007
4.	Income	from charitable		activities
						Unrestricted	Total
						funds	funds
						2022	2022
							F
	Income	from charitable		activities		2,180,792	2,180,792
					Restricted	Unrestricled	Total
					funds	funds	funds
					2021	2021	2021
					E	6
	Income	from charitable		activities	9,295	1,111,342	1,120,637

					Unrestricted	Total
					funds	funds
					2022 f	2022 f
	Sales	from subsidiary		undertakings	197,181	197,181
					Unreslrl cted	Total
					funds	funds
					2021f	2021
	Sales	from subsidiary		undertakings	73,442	73,442
6.	Other	incoming	resources

		Unrestricted	Total
		funds	funds
		2022	2022
Interest	received	245	245
		Unrestricted	Total
		funds	funds
		2021 f	2021
Interest	received	73	73

Unrestricted	Total
funds	funds
2022	2022
	6
5,172	5,172

						Unrestricted	Total
						funds	funds
						2021 E	2021f
Costs	of	raising	voluntary	income	1	(900)	(900)

		Unrestricted	Total
		funds	funds
		2022	2022
		6	8
Cost of sales		194,593	194,593
Administration	expenses	1,338	1,338
Administration	depreciation	1,000	1,000
		196,931	196,931

		Unrestricied	Total
		funds	funds
		2021	2021f
Cost ofsales		47,512	47,512
Administration	expenses	157	157
Administration	depreciation	1,000	1,000
		48,669	48,669

				Unrestricted	Total
				funds	funds
				2022	2022
				f
Direct costs				257,917	257,917
Wages &Salaries				990,986	990,986
Costs of Courses				114,626	114,626
Postage &Carriage				81,076	81,076
Repairs & Maintenance				225,808	225,808
Advertising	&	Marketing		93,906	93,906
Bank Charges				46,385	46,385
Insurances				52,195	52,195
Depreciation		& Contract	Hire Charges	29,552	29,552
				1,892,451	1,892,451

Summary by	fund type	(continued)
			Restricted	Unrestricted	Total
			funds	funds	funds
			2021	2021	2021
			5	5	5
Direct costs			9,295	139,507	148,802
Wages & Salaries				1,061,642	1,061,642
Costs ofCourses				72,776	72,776
Postage 8 Carriage				41,471	41,471
Repairs 8 Maintenance				217,926	217,926
Advertising 8	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
Analysis ofexpenditure		by activities

			Support	Total
			costs	funds
			2022 f	2022
Direct costs			257,917	257,917
Wages 8 Salaries			990,986	990,986
Costs of Courses			114,626	114,626
Postage & Carriage			81,076	81,076
Repairs & Maintenance			225,808	225,808
Advertising &	Marketing		93,906	93,906
Bank Charges			46,385	46,385
Insurances			52,195	52,195
Depreciation	&Contract	Hire Charges	29,552	29,552
			1,892,451	1,892,451

9.	Analysis of expenditur	e by a	cti	vities	(c	ontinued)
								Support	Total
								costs	funds
								2021f	2021f
	Direct costs							148,802	148,802
	Wages &Salaries							1,061,642	1,061,642
	Costs ofCourses							72,776	72,776
	Postage 8 Carriage							41,471	41,471
	Repairs & 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
								1,707,380	1707380
10.	Auditors' remuneration
								2022 f	2021f
	Fees payable to the Company's		auditor		for	the audit ofthe Company's
	annual accounts							6,582	6,582
	Fees payable to the Company's		auditor		in respect of.
	All taxation advisory services not			included		above		300	300
11.	Staff costs
						Group	Group	Company	Company
						2022 f	2021f	2022	2021f
	Wages and salaries					871,655	949,527	871,655	949,527
	Contribution to defined	contribution		pension
	schemes					119,331	112,115	119,331	112,115
						990,986	1,061,642	990,986	1,061,642

	Group	Group	Company	Company
	2022	2021	2022	2021
	No.	No.	No.	No.
Employees	31	31	31	31

the UK of 1	9%(2021- 19%).The d	iffe	rences are	explaine	d below:
							2022	2021f
Net income	before tax						351,231	43,010
Net income	multiplied by the standard		rate of corporation		tax in the	UK of 19
(2021 - 19%).							66,734	8,172
Effects of:
Non-taxable	income less expenses	not	deductible	for tax	purposes,	other
than goodwill	and impairment						(66,734)	(8,172)
Total tax charge for the year

	Freehold	Motor	Fixtures and	Computer	Other fixed
	property F	vehicles f	fittings f	equipment 5	assets 6	Total 5
Cost or valuation
At 1 June 2021	459,406	16,023	144,837	4,000	8,382	632,648
Additions	12,100		23,664			35,764
At 31 May 2022	471,506	16,023	168,501	4,000	8,382	668,412
Depreciation
At 1 June 2021		16,023	110,387	2,000		128,410
Charge for the year			18,811	1,000		19,811
At 31 May 2022		16,023	129,198	3,000		148,221
Net book value
At 31 May 2022	471,506		39,303	1,000	8,382	520,191
At 31May 2021	459,406		34,450	2,000	8,382	504,238

	Freehold		Fixtures and	Other fixed
	property f	Motor vehicles 6	fittings	assets 6	Total 6
Cost or valuation
At 1 June 2021	459,406	16,023	144,837	8,382	628,648
Additions	12,100		23,664		35,764
At 31 May 2022	471,506	16,023	168,501	8,382	664,412
Depreciation
At 1 June 2021		16,023	110,387		126,410
Charge for the year			18,811		18,811
At 31 May 2022		16,023	129,198		145,221
Net book value
At 31 May 2022	471,506		39,303	8,382	519,191
At31 May2021	459,406		34,450	8,382	502,238

		NOTES TO THE FINANCIAL	NOTES TO THE FINANCIAL	STATEMENTS	STATEMENTS
		FOR THE YEAR ENDED		31 MAY	2022
15.	Fixed asset investments
							Investments in
							subsidiary
							companies
	Company						F
	Cost or valuation
	At 1 June 2021						106
	At 31 May 2022						106
	Net book value
	At 31 May 2022						106
	At 31May 2021						106
16.	Stocks
			Group		Group	Company	Company
			2022		2021	2022	2021
			E			E	E
	Finished goods and goods for resale		140,204		89,000	140,204	89,000
17.	Debtors
			Group		Group	Company	Company
				2022	2021	2022	2021
			E		E	E
	Due within one year
	Trade debtors		107,857		126,664	81,555	57,993
	Amounts owed by group undertakings					26,003	11,252
	Other debtors		4,536		2,270	4,536	2,270
	Prepayments and accrued	income	51,101		38,467	51,101	38,467
			163,494		167,401	163,195	109,982

		Group	Group	Company	Company
		2022 f	2021f	2022 f	2021f
Bank overdrafts		667
Bank loans		41,667	41,667	41,667	41,667
Trade creditors		48,910	59,241	48,532	51,650
Other taxation and social security		31,135	22,757	31,135	22,757
Other creditors		3,284	3,284	3,386	3,386
Accruals and deferred	income	18,999	Sg,736	18,749	16,703
		144,662	196,685	143,469	136,163
Creditors: Amounts	falling due after	more than one year
		Group	Group	Company	Company
		2022 f	2021f	2022 f	2021f
Bank loans		166,666	208,333	166,666	208,333
Included within the above are amounts		falling due as follows:
		Group	Group	Company	Company
		2022 f	2021 f	2022 f	2021f
Between one and two years
Bank loans		41,666	41,666	41,666	41,666
Between two and five years
Bank loans		125,000	125,000	125,000	125,000
Over five years
Bank loans			41,667		41,667

			Group	Group	Company	Company
			2022 5	2021 f	2022 5	2021
Financial assets
Financial	assets measured	at fair value
through	income and expenditure		1,015,350	839,701	1,015,350	838,492

Group	Group	Group	Company	Company
f	2022	2021 6	2022 F	2021 f
		18,642		18,642

	Statement	of	fu	nds - current year
						Balance at 1			Balance at 31
						June 2021	Income	Expenditure	May 2022
						E	6	6	F
	Unrestricted		funds
	General Funds -			all funds		1,176,680	2,445,785	(2,094,554)	1,527,911
	Statement	of	funds - prior year
					Balance at			Transfers	Balance at
				1	June 2020f	Income f	Expenditure E	in/out 5	31May 2021 5
	Unrestricted		funds
	General Funds -			ail funds	1,131,335	1,788,864	(1,745,854)	2,335	1,176,680
	Restricted	funds
	Restricted	Funds		—all funds		9,295	(9,295)
	Total offunds				1,131,335	1,798,159	(1,755,149)	2,335	1,176,680
23.	Summary	offunds
	Summary	offunds - current year
						Balance at 1			Balance at 31
						June 2021	Income E	Expenditure 6	May 2022 f
	General funds					1,176,680	2,445,785	(2,094,554)	1,527,911

	Balance at			Transfers	Balance at
	1June 2020f	Income	Expendituref	inlout 5	31May 2021 E
General funds	1,131,335	1,788,864	(1,745,854)	2,335	1,176,680
Restricted funds		9,295	(9,295)
	1,131,335	1,798,159	(1,755,149)	2,335	1,176,680

Analysis	of n	et assets between funds - current year
			Unrestricted	Total
			funds	funds
			2022	2022
			f	E
Tangible	fixed	assets	520,191	520,191
Current assets			1,319,048	1,319,048
Creditors	due	within one year	(144,662)	(144,662)
Creditors	due	in more than one year	(166,666)	(166,666)
Total			1,527,911	1,527,911
Analysis	of net assets between funds - prior year
			Unrestricted	Total
			funds	funds
			2021f	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)
			1,176,680	1,176,680

					Group	Group	Company	Company
					2022	2021f	2022	2021f
Net income for the	year	(as per	Statement	of
Financial Activities)					351,231	43,010	351,231	43,010
Adjustments for:
Depreciation charges					19,811	19,981	18,811	18,981
Increase in stocks					(51,204)	(600)	(51,204)	(600)
Decrease in debtors					3,903	154,598	(53,213)	213,451
Increase/(decrease)	in creditors				(52,099)	61,245	7,306	5,879
Prior Year Adjustment						2,335
Net cash provided	by operating		activities		271,642	280,569	272,931	280,721
Analysis ofcash and cash equivalents
					Group	Group	Company	Company
					2022 f	2021	2022	2021
Cash in hand					1,015,350	839,701	1,015,350	838,492
Total cash and cash equivalents					1,015,350	839,701	1,015,350	838,492
Analysis ofchanges in		net debt
						At 1 June		At 31 May
						2021 f	Cash flows f	2022 f
Cash at bank and in	hand					839,701	175,649	1,015,350
Bank overdrafts repayable		on demand					(667)	(667)
Debt due within 1 year						(41,667)		(41,667)
Debt due after 1 year						(208,333)	41,667	(166,666)
						589,701	216,649	806,350

under non	-can	cellable operating leases as follo	ws:
			Group	Group	Company	Company
			2022 f.	2021 f	2022 f.	2021f
Not later than		1 year	7,970	7,098	7,970	7,098
Later than	1 year and not later than 5years		13,742	16,069	13,742	16,069
			21,712	23,167	21,712	23,167

The financial results oft	he subsidia	ries for the year	were:
Names			Income f	Expenditure	Net assets
STA Excel Limited			197,181	(197,181)	2
STA Resolute Technology Limited					1
Aquacise Limited					1
Register ofAquatic Professionals		Limited			1
Safety Training Awards	Limited				1
Safety Training Assess	Limited				100