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← The Swimming Teachers Association Limited

2025-05-31-accounts

Registered number: 01272519 Charity numbers: 1051631 & SC041988

THE SWIMMING TEACHERS ASSOCIATION LTD

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TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

THE SWIMMING TEACHERS ASSOCIATION LTD

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees’ report (Incorporating strategic and director's report) 2-8
Independent auditors’ report on the financial statements 9-12
Consolidated statement of financial activities 13
Consolidated income and expenditure account 14
Consolidated balance sheet 15 - 16
Company balance sheet 17-18
Consolidated statement of cash flows 19
Company statement ofcash flows 20
Notestothefinancialstatements 21-42

THE SWIMMING TEACHERS ASSOCIATION LTD

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2025

Trustees Michael Penfold, Trustee (appointed 17 September 2024) Michael Penfold, Trustee (appointed 17 September 2024)
Dave Lewis, Trustee (appointed 6 November 2015)
Alison Beckman, Trustee & President (appointed 11 December 2018)
Joanne Bradshaw, Trustee (appointed 5 December 2019, resigned 3 December
2024)
Anita Kumari Sharma, Trustee (appointed 14 March 2023)
Dana-Kimberley Wells-Bryant, Trustee (appointed 12 September 2023)
Sara Abbott, Trustee (appointed 17 September 2024)
Company registered
number 01272519
Charity registered
numbers 1051631 and 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
B16 8SP
Solicitors Trowers & Hamlins LLP
10 Colmore Row
Birmingham
B32QD

Page 1

THE SWIMMING TEACHERS ASSOCIATION LTD

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MAY 2025

The Trustees present their annual report together with the audited financial statements of the Company for the 1 June 2024 to 31 May 2025. The Annual report serves the purposes of both a Trustees’ report and a directors’ report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Objectives and activities

a. Policies and objectives

1.1. The Company operates under a strict regime of policies and procedures. The overall objectives of the organisation are the preservation of human life by:

(a) | Promoting the effective teaching of swimming, lifesaving and survival techniques; (b) Promoting swimming asa life skill;

The advancement of health through the promotion of swimming and/or water exercise as an enjoyable and healthy recreational activity for people of all ages

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

b. Strategies for achieving objectives

The Company operates to an agreed Business Plan and Strategy devised by the Board of Trustees.

c. Activities undertaken to achieve objectives

The provision of training courses in swimming teaching, lifesaving, first aid and pool plant.

The Company is involved in a number of fund raising Fundraising activities such as increasing membership of the organisation. One of the key objectives within the 5 year plan is the building of new partnerships with other organisations to further our charitable objects.

Page 2

THE SWIMMING TEACHERS ASSOCIATION LTD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

Strategic report

Achievements and performance

a. Main achievements of the Company

The Company's net assets position has increased.

b. Key performance indicators

We are delighted to report that the Company has recorded a net income after expenses for the year of £101,431 (2024: £182,599). This is in line with the trustees expectations.

c. Review of activities

The activities of the organisation are continually reviewed in order to ensure that they are suitable and continuing to achieve our objectives as laid down in the business plan and strategy document. Each activity is reviewed by the management team and, if necessary, the Board of Trustees.

Use of charitable funds

As reported in previous years, the Company is pursuing a claim against its former Chief Executive Officer, John Roger Millward, valued at approximately £4 million in connection with alleged misrepresentation, unjust enrichment/restitution and breach of fiduciary duty 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. The Employment Tribunal proceedings are stayed pending the outcome of.the Claim in the High Court. John Roger Millward entered into bankruptcy in May 2019 and has since been discharged. The Claim is currently stayed.

On 14 May 20285, the Joint Trustees of the bankruptcy estate of John Roger Millward issued proceedings against Anna Barbara Millward, Mr Millward’s wife (the “Trustee Proceedings”). An order has been sought for Mrs Millward’s beneficial interest in a residential property asset to be vested in the Joint Trustees, on the basis that it forms part of a transaction designed to put an asset of Mr Millward’s outside of the reach of his creditors. Mrs Millward is defending the Trustee Proceedings brought against her.

The Company regularly updates the Charity Commission regarding the progress of the Claim, the Trustee Proceedings [CL1.1] and the Employment Tribunal proceedings.

The Trustees are confident that the ongoing Claim against John Roger Millward will be a success.

On this basis, no further provision for legal costs has been made in these financial statements.

d. Fundraising activities and income generation

The Company's development teams is structured to focus on different income streams.

Each area adheres to relevant rules and regulations and works within best-practice guidelines of the Charity Commission, the Fundraising Regulator, and the Institute of Fundraising and Company's own policies.

The Company fundraising activities are monitored by the senior management team, and additionally overseen and approved by the Board of Trustees.

Page 3

THE SWIMMING TEACHERS ASSOCIATION LTD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

Strategic report (continued)

Achievements and performance (continued)

e. Duty to promote the success of the Company to achieve its charitable purposes

Section 172(1) statement

The trustees have considered their duty under section 172 of the Companies Act 2005 to act in good faith to promote the success of the Company. In particular, the trustees have clear regard to:

The Company is focusing on strategic relationships with a small number of customers which have been developed over many years. These are built on mutual integrity and trust and are dynamic and highly collaborative in nature.

The Company has a pool of suppliers with whom it has built strategic relationships. These relationships and in turn strengths have been fundamental in our resilience with the challenges of global supply pressures and Covid.

The Company employs a diverse workforce with everyone recruited directly and not through intermediaries, to promote the most personal relationship to reduce low -negative unemployment, is testimony to the business as a good place to work.

For those looking to make a long-term career we are a good choice, always looking to help them explore their potential and offering opportunities to develop. We are dedicated to promotion from within and are proud that a large proportion of people holding key positions joined when young, some with modest aspirations but strong personal qualities, and have grown along with the business.

The managers are high profile and conspicuously active in achieving charitable objectives. The culture is open, informal, and respectful. The service teams updates everyone as events demand in a direct and informative manner, whether this is to communicate developments or to provide critical information as was the case through COVID-19. This was key to maintaining morale and confidence through that period, something that was shown in the exceptionally high levels of loyalty and support the company was shown throughout that experience.

Our environmental policy takes a prominent place in all our operation from procurement and staff level to cleaning products and energy consumption. This includes using a renewable electricity supplier, Green IT, waste recycling, using recycled and environmentally friendly products where possible and moving towards ‘paperless’.

Page 4

THE SWIMMING TEACHERS ASSOCIATION LTD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

Strategic report (continued)

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, the net assets have increased from £1,921,531 to £2,022,962. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The Trustees have reviewed the Company's need for reserves in line with the guidance issued by the Charity Commission.

The reserves policy is to maintain liquid reserves at a minimum of £1,000,000 in order to ensure the future stability of the Company and that future objectives are adequately met. The Trustees recognise the need to set aside such a reserve to safeguard the Company's service commitment. During the year, the Company had net income of £101,431 less expenses (2024: £182,599) and the planned reserve policy is to have adequate cover to ensure that if there is ever a net deficit on income, enough funds are in place to cover the ongoing commitments and service levels remain intact. This level of reserve is well balanced and achievable.

c. Principal risks and uncertainties

The Company faces a number of risks and uncertainties that are both outside its day to day control and within its control. These risks are considered by the Trustees on a regular basis are:

Supplier credit risk

In the normal course of business the Company trades with its suppliers and creditors on deferred terms. These terms are negotiated in advance to ensue cash availability remains intact to cover the required payments

Liquidity The Company encounters seasonal cash flow fluctuations. To manage this risk, cash flow forecasts are prepared and reviewed to ensure adequate funding is in place to cover ongoing financial commitments

d. Financial risk management objectives and policies

The Trustees a financial risk management review on a regular basis. The objective of this review is to ensure that cash flow is intact and that all financial risks are minimised. Due to the ongoing financial risk management and review of going concern of this subsidiaries, the financial risks has been minimised.

Structure, governance and management

a. Constitution

The Company and the Group is registered as and was set up on 10 August 1976. The Company and the Group is constituted under a Memorandum of Association and is a registered charity number 1051631.

Page 5

THE SWIMMING TEACHERS ASSOCIATION LTD

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

The management of the Group and the Company is the responsibility of the Trustees who are elected and coopted under the terms of the Memorandum of Association.

c. Organisational structure and decision-making policies

The day to management of the organisation is undertaken by the Chief Executive Officer and the Senior Management team under the direct supervision of the Board of Trustees. Management team meetings are held regularly and recommendations from these meetings are put to the Board for final ratification.

d. Policies adopted for the induction and training of Trustees

Each new Trustee undergoes full in-house induction training as well as formal training through Charity Lawyers. Full skills analysis checks are carried out annually to identify skill gaps. Following this exercise training is undertaken to address those gaps or new board members are sought who have the relevant skills, knowledge and/or experience.

e. Financial risk management

The Trustees have assessed the major risks to which the Group and the Company are exposed, in particular those related to the operations and finances of the Group and the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

f. Engagement with suppliers, customers and others

The company regards the engagement with its suppliers and customers including other stakeholders an important part of the business. These parties are consulted accordingly to foster the Company's business relationships.

We conduct regular interviews and surveys so we can understand our customers’ needs, help them grow their business and gain feedback at all levels of our business.

We engage with suppliers and other stakeholders is through regular convening's and providing opportunities to highlight important issues and issues are communicated to managements to take actions to resolve issues.

g. Pension

The company operates a defined contribution pension scheme. The pension charge payable by the company for the year amounted to £99,208 (2024: £79,955).

Page 6

THE SWIMMING TEACHERS ASSOCIATION LTD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

Plans for future periods

This year the Board and Senior Team have overseen a significant and continued period of investment, both financially and developmentally.

Excel Me, our End Point Assessment Organisation has now launched and completed its first successful apprentice assessments with a large number of apprentices/learners being booked for assessment throughout 2026. Both the team and the number of standards on offer have continued to grow, with the expectation of further growth in the coming years.

We have continued to invest in our IT infrastructure with several new systems being launched during the year to improve efficiency for both staff and customers alike.

Next year we envisage far greater use of Al to further enhance our offering and to speed up processes and efficiency.

The past 12 months have seen a number of new and updated courses launched with much of the year spent planning and developing the new Swimming Teachers Qualification which will launch in January 2026. Launching © one regulated qualification in England is a significant milestone in the STA's history which will significantly improve swimming teacher training both at home and across the globe.

For the first time ever, mandatory membership has been removed which has lead to increased work on our membership offering and an overhaul of our entire membership systems and packages. These will be launched in 2026.

Yet again our Brand Ambassadors and Watersafety Squad have been our eyes and ears on the ground and have been invaluable to us. Thank you all.

We continue to be heavily involved in the Swimming Alliance and are proud to be part of this collaborative approach to Aquatics.

Greenhouse gas emissions, energy consumption and energy efficiency action

----- Start of picture text -----
||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The|Group's|greenhouse|gas|emissions|and|energy|consumption|for|the|year|are|given|below:| |UK|Greenhouse|gas|emissions|and energy use|data for the|Kwh|tCO2e|Kwh|=|tCO2e| |period|1|June|2024|to|31|May|2025|2025-2025|2024|~——2024| |Electricity|51,411|11|51,609|11| |Gas|86,649|16|121,035|22| |Total|138,060|27_|172,644|33| |Average|number|of employees|30|30|29|29| |Per employee|4,602|1|5,953|1|

----- End of picture text -----

Energy consumption figures taken from energy bills and converted to metric tonnes of CO2e using relevant UK conversion factors.

Page 7

THE SWIMMING TEACHERS ASSOCIATION LTD

----- Start of picture text -----
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
----- End of picture text -----

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees’ report including the Strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditors, Fraser Russell Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

ft. Rent Ad

Michael Penfold (Trustee) Date: 20 February 2026

Page 8

THE SWIMMING TEACHERS ASSOCIATION LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE SWIMMING TEACHERS ASSOCIATION LTD

Opinion

We have audited the financial statements of The Swimming Teachers Association Ltd (the ‘parent charitable company’) and its subsidiaries (the 'group') for the year ended 31 May 2025 which comprise the Consolidated statement of financial activities, the Consolidated income and expenditure account, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows, the Company Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 31 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 9

THE SWIMMING TEACHERS ASSOCIATION LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE SWIMMING TEACHERS ASSOCIATION LTD (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors’ report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees’ responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 10

THE SWIMMING TEACHERS ASSOCIATION LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE SWIMMING TEACHERS ASSOCIATION LTD (CONTINUED)

Auditors’ responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our: general commercial and sector experience; through verbal and written communications with those charged with governance and other management; through communications with other group auditors, through communications with legal counsel, and via inspection of the company’s regulatory and legal correspondence.

We discussed with those charged with governance and other management the policies and procedures regarding compliance with laws and regulations.

We communicated identified laws and regulations to our team and remained alert to any indicators of noncompliance throughout the audit, we also specifically considered where and how fraud may occur within the company.

The potential effect of these laws and regulations on the financial statements varies considerably.

Firstly, the company is subject to laws and regulations that directly affect the financial statements, including: the company’s constitution, relevant financial reporting standards; company law; tax legislation and distributable profits legislation and we assess the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly the company is subject to many other laws and regulations where the consequences of noncompliance could have a material effect on the amounts or disclosures in the financial statements, for instance through the imposition of fines and penalties, or through losses arising from litigations. We identified the following areas as those most likely to have such an affect: operating licences; employment legislation; health and safety legislation; trade and export legislation; legislation relevant to the commercial/domestic property rental environment; the regulatory requirements; GDPR; anti-bribery and corruption legislation.

International Auditing Standards (UK) limit the required procedures to identify non-compliance with these laws and regulations to the procedures, and no procedures over and above those already noted are required. These limited procedures [did not] identify any actual or suspected non-compliance which laws and regulations that could have a material impact on the financial statements.

In relation to fraud, we performed the following specific procedures in addition to those already noted: . Challenging assumptions made by management in its significant accounting estimates in particular: Warranty provision, Dilapidation provision, Decommission cost and Depreciation;

Page 11

THE SWIMMING TEACHERS ASSOCIATION LTD

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE SWIMMING TEACHERS ASSOCIATION LTD (CONTINUED)

° Identifying and testing journal entries, in particular any entries posted with unusual nominal ledger account combinations, journal entries crediting cash or any revenue account, journal entries posted by senior management; ° Performing analytical procedures to identify unexpected movements in account balances which may be indicative of fraud; . Ensuring that testing undertaken on both the Statement of Comprehensive Income including Profit or Loss Account and the Balance Sheet includes a number of items selected on a random basis;

These procedures did not identify any actual or suspected fraudulent irregularity that could have a material impact on the financial statements.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with International Auditing Standards UK). For example, the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the procedures that we are required to undertake would identify it. In addition, as with any audit, there remains a high risk of non-detection of irregularities, as these might involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal controls. We are not responsible for preventing noncompliance with laws and regulations or fraud, and cannot be expected to detect non-compliance with all laws and regulations or every incidence of fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors’ report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

S/ of 7 Lil f- | a ViveVi Shokat Zaman Senior Statuory Auditor For and Behalf of Fraser Russell Limited

|

77 Francis Road

Edgbaston Birmingham B16 8SP

20 February 2026

Fraser Russell Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 12

THE SWIMMING TEACHERS ASSOCIATION LTD

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025

Unrestricted Total Total
funds funds funds
2025 2025 2024
Note £ £ E
Income from:
Donations and legacies 3 451 451 7,241
Charitable activities 4 2,440,735 2,440,735 2,446,003
Other trading activities 5 165,771 165,771 183,790
Other income 6 24,981 24,981 19,016
Total income 2,631,938 2,631,938 2,656,050
Expenditure on:
Raising funds rs 128,925 128,925 192,824
Charitable activities 8 2,401,582 2,401,582 2,280,627
Total expenditure 2,530,507 2,530,507 2,473,451
Net movement in funds 101,431 101,431 182,599
Reconciliation of funds:
Total funds brought forward 1,921,531 1,921,529 1,738,930
Net movement in funds 101,431 101,431 182,599
Totalfundscarriedforward 2,022,962 2,022,962 1,921,529

The Consolidated statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 21 to 42 form part of these financial statements.

Page 13

THE SWIMMING TEACHERS ASSOCIATION LTD

SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2025

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Total|funds|Total|funds| |2025|2024| |52|£| |Gross|income|in|the|reporting|period|2,631,938|2,656,050| |Less:|Total|expenditure|(2,530,507)|(2,473,451)| |Net|income|for the|reporting|period|101,431|182,599|

----- End of picture text -----

The notes on pages 21 to 42 form part of these financial statements.

Page 14

THE SWIMMING TEACHERS ASSOCIATION LTD REGISTERED NUMBER: 01272519

eee

CONSOLIDATED BALANCE SHEET AS AT 31 MAY 2025

2025 2024
Note £ 7a
Fixed assets
Tangible assets 14 521,977 520,980
521,977 520,980
Current assets
Stocks 16 202,422 189,336
Debtors 17 242,984 180,936
Cash at bank and in hand 1,207,377 1,207,599
1,652,783 1,577,871
Creditors: amounts falling due within one
year 18 (151,798) (177,320)
Net current assets 1,500,985 1,400,551
Total assets less current liabilities 2,022,962 1,921,531
Net assets excluding pension asset 2,022,962 1,921,531
Total net assets 2,022,962 1,921,531
Charityfunds
Unrestricted funds 20 2,022,962 1,921,531
Totalfunds 2,022,962 1,921,531

Page 15

THE SWIMMING TEACHERS ASSOCIATION LTD REGISTERED NUMBER: 01272519

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 MAY 2025

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 151 of the Charities Act 2011 and sectiuon 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Michael Penfold

(Trustee)

Date: 20 February 2026

The notes on pages 21 to 42 form part of these financial statements.

Page 16

THE SWIMMING TEACHERS ASSOCIATION LTD REGISTERED NUMBER: 01272519

COMPANY BALANCE SHEET AS AT 31 MAY 2025

-2025 2024
Note £ £
Fixed assets
Tangible assets 14 521,977 520,980
Investments 15 106 106
522,083 521,086
Current assets
Stocks 16 202,422 189,336
Debtors 17 240,898 179,348
Cash at bank and in hand 1,207,377 1,207,599
1,650,697 1,576,283
Creditors: amounts falling due within one
year 18 (149,820) (175,840)
Net current assets 1,500,877 1,400, 443
Total assets less current liabilities 2,022,960 1,921,529
Net assets excluding pension asset 2,022,960 1,921,529
—
Total net assets 2,022,960 1,921,529
Charity funds
Restricted funds 20 . -
Unrestricted funds 20 2,022,960 1,921,529
Totalfunds 2,022,960 1,921,529

The Company's net movement in funds for the year was £101,431 (2024 - £182,600).

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 151 of the Charities Act 2011 and sectiuon 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

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THE SWIMMING TEACHERS ASSOCIATION LTD REGISTERED NUMBER: 01272519

COMPANY BALANCE SHEET (CONTINUED) AS AT 31 MAY 2025

The financial statements were approved and authorised for issue by the Trustees on 20 February 2026 and signed on their behalf by:

Michael Penfold

The notes on pages 21 to 42 form part of these financial statements.

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THE SWIMMING TEACHERS ASSOCIATION LTD

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MAY 2025

2025 2024
£ £
Cash flows from operating activities
Net cash used in operating activities 18,842 259,732
Cash flows from investing activities
Purchase oftangible fixed assets (19,064) (11,533)
Net cash used in investing activities (19,064) (11,533)
Cash flows from financing activities
Net cash provided by financing activities - -
Change in cash and cash equivalents in the year (222) 248,199
Cash and cash equivalents at the beginning of the year 1,207,599 959,400
Cash and cash equivalents at the end ofthe year 1,207,377 1,207,599
Thenotesonpages21to42formpartofthesefinancialstatements

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THE SWIMMING TEACHERS ASSOCIATION LTD

COMPANY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MAY 2025

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |F|£| |Cash|flows|from|operating|activities| |Net|cash|used|in|operating|activities|18,842|259,732| |Cash|flows|from|investing|activities| |Purchase|of tangible|assets|(19,064)|(11,533)| |Net|cash|used|in|investing|activities|(19,064)|(11,533)| |Cash|flows|from|financing|activities| |Net|cash|provided|by|financing|activities|-|-| |Change|in|cash|and|cash|equivalents|in|the|year|(222)|248,199| |Cash|and|cash|equivalents|at|the|beginning|of the|year|1,207,599|959,400| |Cash|and|cash|equivalents|at|the|end|of the|year|1,207,377|1,207,599| |The|notes|on|pages|21|to|42|form|part|of these|financial|statements|

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THE SWIMMING TEACHERS ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

1; General information

The Company is a company limited by guarantee. The members of the company are the Trustees named on page 1.

The Swimming Teachers Association is incorporated in England within the United Kingdom, having a registration of 01272519. The address of the registered office is as per page 1. The principal activity of the company in the year are shown in the Trustees's Report.

The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Swimming Teachers Association Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.

The Company has almost recovered back to their pre-covid position which has lead to increase in the cashflow less reliance has been placed on grants with more effort being made on the normal charitable achievements that have almost doubled in revenue streams, the net assets have increased from £1,921,531 to £2,022,962.

The Trustees have prepared cash flow forecasts based on appropriate assumption in line with the projections. This forecast shows that the company is expected to meet its liabilities as they fall due for a period of 12 months from date of approval of 2025 financial statements.

Management believe it is appropriate to prepare the financial statements on a going concern basis.

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THE SWIMMING TEACHERS ASSOCIATION LTD
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

2. Accounting policies (continued)

2.3. Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

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2.5 Government grants
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Government grants relating to tangible fixed assets are treated as deferred income and released to the Consolidated statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Consolidated statement of financial activities as the related expenditure is incurred.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £nil or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

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THE SWIMMING TEACHERS ASSOCIATION LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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z. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation (continued) Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

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Freehold property - Nil
Motor vehicles - 25%
Fixtures and fittings - 10%
Other fixed assets (Regalia& - Nil
Trophies)
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2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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2.10 Cash at bank and in hand
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Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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THE SWIMMING TEACHERS ASSOCIATION LTD

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

  1. Accounting policies (continued)

2:11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.

2.12 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.13 Operating leases

Rentals paid under operating leases are charged to the Consolidated statement of financial activities on a straight line basis over the lease term.

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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THE SWIMMING TEACHERS ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

3. Income from donations and legacies

Restricted Unrestricted Total
funds funds funds
2025 2025 2025
£ £ 7a
Donations - 451 451
Restricted Unrestricted Total
funds funds funds
2024 2024 2024
£ £ £
Donations 6,103 1,138 7,241
4. Income from charitable activities
Unrestricted Total
funds funds
2025 2025
£ £
Income from charitable activities 2,440,735 2,440,735
Unrestricted Total
funds funds
2024 2024
£ £
Incomefromcharitableactivities 2,446,003 2,446,003

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THE SWIMMING TEACHERS ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

5. Income from other trading activities

Income from non charitable trading activities .
Unrestricted Total
funds funds
2025 2025
£ £
Sales from subsidiary undertakings 165,771 165,771
Unrestricted Total
funds funds
2024 2024
£ £
Salesfromsubsidiaryundertakings 183,790 183,790

6. Other incoming resources

Unrestricted Total
funds funds
2025 2025
£ a
Interest received 24,981 24,981
Unrestricted Total
funds funds
2024 2024
£ £
Interest received 19,016 19,016

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THE SWIMMING TEACHERS ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

  1. Expenditure on raising funds

Costs of raising voluntary income

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Total
funds
2025
£
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Costs of raising voluntary income (continued)

Unrestricted Total
funds funds
2024 2024
£ £
Costs of raising voluntary income (raising funds) 30,434 30,434

Other trading expenses

Unrestricted Total
funds funds
2025 2025
7a £
Cost of sales 128,606 128,606
Administration expenses 319 319
128,925 128,925

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THE SWIMMING TEACHERS ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

7. Expenditure on raising funds (continued)

Other trading expenses (continued)

Unrestricted Total
funds funds
2024 2024
£ 5a
Cost of sales 159,798 159,798
Administration expenses 2,592 2,592
162,390 162,390

8. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds Total
2025 2025
£ £
Direct costs §25,543 525,543
Wages & Salaries (Note 11) 1,374,086 1,374,086
Costs ofCourses 58,050 58,050
Postage & Carriage 5,398 5,398
Repairs & Maintenance 18,459 18,459
Advertising & Marketing 254,062 254,062
Bank Charges 46,324 46,324
Insurances 101,595 101,595
Depreciation & Contract Hire Charges 18,065 18,065
2,401,582 2,401,582

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THE SWIMMING TEACHERS ASSOCIATION LTD

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

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  1. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Restricted Unrestricted
funds funds Total
2024 2024 2024
£ £ £
Direct costs 6,103 485,080 491,183
Wages& Salaries (Note 11) - 1,234,730 1,234,730
Costs ofCourses - 45,159 45,159
Postage & Carriage - 69,818 69,818
Repairs & Maintenance - 15,093 15,093
Advertising & Marketing - 281,625 281,625
Bank Charges - 52,661 52,661
Insurances - 72,158 72,158
Depreciation & Contract Hire Charges - 18,200 18,200
6,103 2,274,524 2,280,627
9. Analysis ofexpenditure by activities
Support
costs		 Total
funds
2025 2025
£ £
Direct costs 525,543 525,543
Wages & Salaries (Note 11) 1,374,086 1,374,086
Costs ofCourses 58,050 58,050
Postage & Carriage 5,398 5,398
Repairs & Maintenance 18,459 18,459
Advertising & Marketing 254,062 254,062
Bank Charges 46,324 46,324
Insurances 101,595 101,595
Depreciation & Contract Hire Charges 18,065 18,065
2,401,582 2,401,582

Support costs are other charitable activities of the Company.

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THE SWIMMING TEACHERS ASSOCIATION LTD

eeeee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

9. Analysis of expenditure by activities (continued)

Activities
undertaken Support Total
directly costs funds
2024 2024 2024
£ £ £
Direct costs 6,103 485,080 491,183
Wages & Salaries (Note 11) - 1,234,730 1,234,730
Costs ofCourses - 45,159 45,159
Postage & Carriage - 69,818 69,818
Repairs & Maintenance - 15,093 15,093
Advertising & Marketing - 281,625 281,625
Bank Charges - 52,661 52,661
Insurances - 72,158 72,158
Depreciation & Contract Hire Charges - 18,200 18,200
6,103 2,274,524 2,280,627
Support costs are other charitable activities of the Company.
10. Auditors' remuneration
2025 2024
£ £
Fees payable to the Company's auditor for the audit of the Company's
annual accounis 8,000 8,000
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
2025 2024 2025 2024
£ £ pee £
Wages and salaries 1,274,020 1,154,775 1,274,020 1,154,775
Contribution to defined contribution pension
schemes 100,066 79,955 100,066 79,955
1,374,086 1,234,730 1,374,086 1,234,730

Page 30

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THE SWIMMING TEACHERS ASSOCIATION LTD

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

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11. Staff costs (continued)

The average number of persons employed by the Company during the year was as follows:

Group Group Company Company
2025 2024 2025 2024
No. No. No. No.
Employees 30 29 30 29

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2025 2024
No. No.
In the band £60,001 -£70,000 - 2
In the band £70,001 - £80,000 2 1
In the band £80,001 - £90,000 1 -
In the band £120,000-£130,000 1 1

During the year, Dave Candler, the Chief Executive Officer, received a gross remuneration of £119,633 excluding pension contributions and other benefits of £12,943.

12. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 May 2025, expenses totalling £1,021 were reimbursed or paid directly to Trustee (2024 - £609 to Trustee).

13. Taxation

Corporation tax Taxation on net income

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THE SWIMMING TEACHERS ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

13. Taxation (continued)

The tax assessed for the year is higher than (2024 - the same as) the standard rate of corporation tax in the UK of 19% (2024 - 19%). The differences are explained below:

2025 2024
£ £
Net income before tax 101,431 182,599
Net income multiplied by the standard rate of corporation tax in the UK of
19% (2024 - 19%). 19,272 34,694
Effects of:
Non-taxable income less expenses not deductible for tax purposes (19,272) (34,694)
Totaltaxchargefortheyear - -

The Charity is exempt from corproation tax as all its income is charitable and is applied for charitable purpose.

There are no factors considered likely to affect future tax charges.

Page 32

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THE SWIMMING TEACHERS ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

14. Tangible fixed assets (continued)

Company

Freehold Fixtures and
property Motor vehicles fittings Total
£ £ £ £
Cost or valuation
At 1 June 2024 477,428 33,023 195,438 705,889
Additions - - 19,064 19,064
At 31 May2025 477,428 33,023 214,502 724,953
Depreciation
At 1 June 2024 - 22,752 162,157 184,909
Charge for the year - 4,251 13,816 18,067
At 31 May2025 - 27,003 175,973 202,976
Net book value
At 31 May 2025 477,428 6,020 38,529 521,977
At31May2024 477,428 10,271 33,281 520,980

Included in freehold property is land with a estimated fair value of £50,000 (2024: £50,000) which is not depreciated.

The freehold building is not depreciated as the Trustees believea life expectancy of the freehold building to be that long term and not less than 80 years as at the year end date.

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THE SWIMMING TEACHERS ASSOCIATION LTD

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

15. Fixed asset investments

Investments in
subsidiary
companies
Company £
Cost or valuation
At 1 June 2024 106
At 31 May2025 106
Net book value
At 31 May2025 106
At 31 May2024 106
16. Stocks
Group Group Company Company
2025 2024 2025 2024
Ee £ £ £
Finished goods and goods for resale 202,422 189,336 202,422 189,336
17. Debtors
Group Group Company Company
2025 2024 2025 2024
£ £ £ £
Due within one year
Trade debtors 152,151 104,778 113,896 83,707
Amounts owed by group undertakings - - 36,169 19,483
Other debtors 16,546 6,882 16,546 6,882
Prepayments and accrued income 74,287 69,276 74,287 69,276
242,984 180,936 240,898 179,348

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THE SWIMMING TEACHERS ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

18. Creditors: Amounts falling due within one year

Group Group Company Company
2025 2024 2025 2024
£ £ £ £
Trade creditors 74,317 112,280 72,433 110,945
Other taxation and social security 42,891 33,078 42,891 33,078
Other creditors 18,799 17,789 18,905 17,894
Accruals and deferred income 15,791 14,173 15,591 13,923
151,798 177,320 149,820 175,840
19. Financial instruments
Group Group Company Company
2025 2024 2025 2024
£ £ £ £
Financial assets
Financial assets measured at fair value
throughincomeandexpenditure 1,207,377 1,207,599 1,207,377 1,207,599

Financial assets measured at fair value through income and expenditure comprise those amounts that have been booked through the Balance Sheet.

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THE SWIMMING TEACHERS ASSOCIATION LTD

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

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20. Statement of funds

Statement of funds - current year

Balance at 1 Balance at 31
June 2024 Income Expenditure May2025
£ £ £ £
Unrestricted funds
General Funds- all funds 1,921,529 2,631,938 (2,530,507) 2,022,960
Share capital 2 - - 2
1,921,531 2,631,938 (2,530,507) 2,022,962
Statement offunds- prioryear
Balance at Balance at
1 June 2023 Income Expenditure 31 May2024
£ £ £ £
Unrestricted funds
General Funds- all funds 1,738,930 2,649,949 (2,467,348) 1,921,537
Restricted funds
Restricted Funds- all funds - 6,103 (6,103) -
Total offunds 1,738,930 2,656,052 (2,473,451) 1,921,531
21. Summary offunds
Summary offunds - current year
Balance at 1 Balance at 31
June 2024 Income Expenditure May2025
£ £ Ee £
Generalfunds 1,921,531 2,631,938 (2,530,507) 2,022,962

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Page 37

THE SWIMMING TEACHERS ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

21. Summary of funds (continued)

Summary of funds - prior year

Balance at Balance at
1 June 2023 Income Expenditure 31 May 2024
£ FE: £ £
General funds 1,738,930 2,649,949 (2,467,348) 1,921,531
Restricted funds - 6,103 (6,103) -
1,738,930 2,656,052 (2,473,451) 1,921,531

22. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted Total
funds funds
2025 2025
£ £
Tangible fixed assets 521,977 521,977
Current assets 1,652,783 1,652,783
Creditors due within one year (151,798) (151,798)
Total 2,022,962 2,022,962

23. Reconciliation of net movement in funds to net cash flow from operating activities

Group Group Company Company
2025 2024 2025 2024
ia £ £ £
Net income for the year (as per Statement of
Financial Activities) 101,431 182,599 101,431 182,600
Adjustments for:
Depreciation charges 18,067 18,200 18,067 18,200
Increase in stocks (13,086) (33,714) (13,086) (33,7174)
Decrease/(increase) in debtors (62,048) 30,882 (62,048) 30,882
Increase/(decrease) in creditors (25,522) 61,765 (25;522) 61,765
Netcashprovidedbyoperatingactivities 18,842 259,732 18,842 259,733

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THE SWIMMING TEACHERS ASSOCIATION LTD

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

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  1. Analysis of cash and cash equivalents
Group Group Company Company Company
2025 2024 2025 2024
£ £ £ £
Cash in hand 1,207,377 1,207,599 1,207,377 1,207,599
Total cash and cash equivalents 1,207,377 1,207,599 1,207,377 1,207,599
Analysis ofchanges in net debt
At1June At 31 May
2024 Cash flows 2025
£ £ £
Cash at bank and in hand 1,207,599 (222) 1,207,377
1,207,599 (222) 1,207,377
  1. Analysis of changes in net debt

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THE SWIMMING TEACHERS ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

26. Pension commitments

The company operates a defined contribution pension scheme. The pension charge payable by the company for the year amounted to £99,208 (2024: £79,995). The balance payable at 31 May 2025 was £18,799 (2024: £17,791) which is included in creditors due within one year.

27. Operating lease commitments

At 31 May 2025 the Group and the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Group Group Company Company
2025 2024 2025 2024
£ £ £ £
Not later than 1 year 9,024 5,162 9,024 5,162
Later than 1 yearand not later than 5 years 8,766 11,441 8,766 11,441
17,790 16,603 17,790 16,603

28. Related party transactions

The Company has significant control over International Federation of Swimming Teachers Association Limited. The Company manages transactions on behalf of International Federation of Swimming Teachers Association Limited. Subscription and other income of £250 (2024: £nil) were received on it's behalf and expenses of £10,073 (2024: £4,305) were paid on its behalf. At the year end, £14,885 (2024: £5,062) was due from International Federation of Swimming Teachers Association Limited which is included in debtors due within one year.

The company has taken advantage of the exemption under Financial Reporting Standard No 102, noi to disclose transactions with wholly owned subsidiaries and companies in the same group with 100% ownership.

29. Controlling party

The company has no controlling party.

Page 40

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

30. Principal subsidiaries (continued)

The financial results of the subsidiaries for the year were:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Names|Income|Expenditure|Net|assets| |£|£|£| |STA|Excel|Limited|183,791|(183,791)|2| |STA|Resolute|Technology|Limited|-|-|1| |Aquacise|Limited|-|-|1| |Register|of Aquatic|Professionals|Limited|-|-|1| |Safety|Training|Awards|Limited|-|-|1| |Safety Training|Apprenticeships|Limited|-|-|100|

----- End of picture text -----

  1. Provisions available for audits of small entities

The company has taken advantage of the provisions as a result of having informed management.

Page 42