REGISTERED COMPANY NUMBER: 8152305 (England and Wales) REGISTERED CHARITY NUMBER: 1150224
REPORT OF THE TRUSTEES AND THE FINANCIAL STATEMENTS FOR 2020
FOR
AQUAVISION SWIMMING
Aquavision Swimming Company registration number 8152305 Charity registration number 1150224 Trustees’ Annual Report for the year ended 31 December 2020
The registered address of the charity is:
20-22 Wenlock Road, London N1 7GU
The Trustees in office on the date the report was approved were:
D Harris W Weir F Sagoo P Ford C Beamish A Gormanley J Hughes
The following persons served as Trustees during the year ended 31 December 2020
Name Appointed Resigned/retired D Harris W Weir F Sagoo N Moynihan 18/3/20 M Howard 2/11/20 P Ford C Beamish 2/11/20 A Gormanley 2/11/20 J Hughes 2/11/20
Objects and activities of the charity
The purposes of the charity are set out in its governing document:
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1) The promotion of community participation in healthy recreation in particular the provision of teaching and facilities for the development and practice of swimming and synchronised swimming within local communities across London starting with the boroughs of Barnet, Enfield, Haringey and Waltham Forest.
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2) To promote for the benefit of the inhabitants of London, starting with the boroughs of Barnet, Enfield, Haringey and Waltham Forest, the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.
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Aquavision Swimming Company registration number 8152305 Charity registration number 1150224 Trustees’ Annual Report for the year ended 31 December 2020
The main activities undertaken in relation to those purposes during the year:
The charity has actively encouraged participation in swimming and in particular synchronised swimming within local communities across London, particularly within the boroughs of Barnet and Waltham Forest. It has aimed to train and encourage children and adults to take various skill levels that are nationally recognised qualifications for swimming and synchronised swimming. It has encouraged children and adults to devise routines, organise events and fundraise for the benefit of this charity and other local charities in the community.
The main activities undertaken during the year to further the charity’s purpose for the public benefit:
Aquavision has considered the Charity Commission’s guidance on public benefit and, in particular the specific guidance for charities for the advancement of health, education, amateur sports and the relief of those in need by reason of youth, age, ill health, disability, financial or other disadvantage. All our charitable activities, as seen in our Objects above, focus on making swimming accessible to all and, through individual and team sport, we hope to help children and adults build healthier stronger communities.
The Trustees have had regard to the Charity Commission’s guidance on public benefit in managing the activities of the charity.
The main achievements and performance of the charity during the year:
At the beginning of the year a number of swimmers competed in the National Age Group competition, and we achieved excellent results both in team and individual events.
Sadly the Coronavirus restrictions hit in March 2020 and consequently the pools were closed for a large part of the rest of the year. We successfully transitioned to online training for a period and this worked well. Towards the end of the year some pool training was allowed to recommence but under very strict conditions. We are extremely grateful for the work of our volunteers that completed a large administrative exercise to enable this to happen, and note that this is still continuing. Without their huge efforts the swimmers would not have been able to return to the water to train. The whole club is extremely appreciative.
Fundraising activities during the year:
Our trustees have been using their expertise both behind the scenes and at the front line to establish the long term goals and charitable objective. Fundraising throughout 2020 was particularly difficult given the Coronavirus restrictions. However, we did manage to meet virtually for a number of events and we are very grateful to the volunteers who organised this. The focus in the coming year will be to continue to work on the development of the new fundraising strategy and initiatives.
The difference the charity’s performance during the year has made to the beneficiaries of the charity:
With increased participation in the club through volunteers we have focused on increasing skills and training and have successfully trained people into a variety of roles from welfare officer to registered officials and judges. We have a Youth Development Programme which has now been running for 5 years and has contributed to the achievements of the charity. The programme was set up to develop young people’s aquatic skills by offering financial and mentoring support to swimmers who wish to develop skills such as coaching and judging, which are roles vital to the success of the sport. The programme benefits not only the swimmers taking part but the club as a whole.
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Aquavision Swimming Company registration number 8152305 Charity registration number 1150224 Trustees’ Annual Report for the year ended 31 December 2020
The degree to which the achievements and performance during the year have benefitted wider society:
It is hoped that the additional capacity afforded through the expertise and direction provided by our Trustees will allow us to increase our profile and help make a difference with the aim of reaching new audiences and provide swimming for disadvantaged communities. The Trustees are extremely grateful to all of those that give up their time, resources and funds to contribute to this.
Structure governance and management of the charity:
The methods used to recruit and appoint new charity trustees:
The Trustees periodically discuss whether their particular skill sets are sufficient to effectively manage and drive forward the charity. Should a skill set be found to be lacking, parents of the children swimming within the club are approached in the first instance to establish if the need can be met and an additional Trustee recruited. Should this be unsuccessful the Trustees would continue the search within the wider community.
The charity’s relationships with related parties:
Purchase of swimming costumes and other swimming aids: Aquaswim Supplies Limited, 50 Hillfield Park, London. N21 3QL
Financial Review
The Charity’s financial position at the end of the year ended 31 December 2020:
The financial position of the charity as at 31 December 2020 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Net income/ (expenditure) | 3,247 | 4,381 |
| Unrestricted funds available for the general purposes | ||
| of the Charity | 3,727 | 797 |
| Restricted Revenue funds | 2,641 | 2,324 |
| Total funds | 6,368 | 3,121 |
Financial review of the position at the reporting date, 31 December 2020:
The Trustees consider the financial performance of the charity in the year to have been satisfactory – particularly during such a challenging period. We are very grateful to the members who continued to support us in this time. We are also grateful for the government and Sport England assistance we received that enabled us to cover our ongoing costs.
Policy on Reserves:
The reserves policy relates to Aquavision’s unrestricted funds only and has been set to meet the future needs of Aquavision. In setting the policy the Trustees have considered the effective management of cash flow in meeting Aquavision’s short term obligations whilst allowing Aquavision to react to change in funding in both the internal and external environment. The Trustees have revised the target range for reserves to £5,000 - £7,000. The decision reflects the Board’s continued focus on cost reductions and financial management of members’ fees. This broadly equates to one month’s core expenditure. At 31[st] December 2020 Aquavision had unrestricted reserves of £3,727. The Trustees will continue to work towards achieving the target range in 2021.
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Aquavlsltm Swlmmlng Company registrntion number 8152305 Charity re8iStration number 1150224 Trustees. Annual Report for the year ended 311)ecember 2020 Availabili and ad ua of assets of each of the funds: The board of Trustees is satisfied that the tharitys assets in eath fund are available and adequate to fulfil its obligations in respect of each fund. lans and Future oin concem assessment We are pleased to say that tralnlng wlthin the dub has now recommenced following the easing of Coronavirus restrictions and we are beginning to rebuild our membership. We are very encouraged with the level of interest that we have seen from new swimmers. We have managed to find alternative PL training spaces and are able to offer a nurnber of training sessions throughout the wee The government bounce back loan has allowed u5 to successfully navigate cash flow issues with initial pool hire costs, and has given us some financial breathing space. We have now started to repay thi5 loan. We do consider that the club is still able to operate as a going concem. Oetails of the Independent Examiner G J Nomian Member of the Chartered Institute of Public Finan and Accountsncrf and of the Chartered Governance Institute ApprovÉd by the Board of Trustees on 28 September 2021 and slzned on Its behalf by W Welf
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AQUAV1510N SWIMMING Independent Emamlnerfs report to the Trustees of Aquavlslon Swlmmlng I report to the Trustees on my examination of the accounts for the year ended 31 December 2020. Responslbllltles and basls of the report As the charitvs trustees of the Company land also Its directors for the purposes of Company Lawl you are responsible for the preparation of the accounts In accordance with the requirements of the Companies Act, 2CK161"the 2iJ)6 Art"). Havin8 satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respert of my examination of your charity'5 accounts as carried out under section 145 of the Charities Art, 2011 I'the 2011 Art"). In carrying Out my examinatlon I have followed the Dirertions glven by the Charity Commlsslon under section 14515llbl of the 2011 Art. Independent Examlnerfs statement I have completed my examination. I confirm that no matters have come to my attentlon In connection with the examination giving me cause to believe that~ l. Accountin8 records were not kept In respert of the Company as requlred by sectlon 386 of the 2CMJ6 Art, or 2. The accounts do not accord with those records. or 3. The accounts do not comply with the accountin8 requirements of section 396 of the 21K)6 Act other than any requirement that the accounts glve a true and fair view, whSch Is not a matter to be considered as part of an independent examination, or 4. The accounts have not been prepared in accordance with the methods and prlnciples of the Statement of Recommended Practice for accounting and reportin8 by charities applicable to charities preparing their accounts In accordance with the Flnancial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters In connettion with the examination to which attention should be drawn in thi5 report in order to enable a proper understandlng of the accounts to be reached. Grevllle Norman, CPFA, AGP 120 Dukes Avenue Theydon Bols EsseJ(, CM16 7HF
Aquavision Swimming Annual Report and Accounts 2020 Registered Company number 8152305 and
Registered Charity number 1150224
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 December 2020, as required by the Companies Act 2006)
| Note Income and endowments from - Donations and legacies 21 Charitable activities 22 Other trading activities 24 Investments 25 Total income Expenditure on - Raising funds 26 Charitable activities 28-31 Total expenditure Net income/ (expenditure) for the year Transfers Net income after transfers Net movement in funds Reconciliation of funds - Total funds brought forward Total funds carried forward |
Unrestricted funds 2020 £ 874 37,407 1,582 - 39,863 300 36,633 36,933 2,930 2,930 2,930 797 3,727 |
Restricted funds 2020 £ 2,315 - - - 2,315 - 1,998 1,998 317 317 317 2,324 2,641 |
Total funds 2020 £ 3,189 37,407 1,582 - 42,178 300 38,631 38,931 3,247 - 3,247 3,247 3,121 6,368 |
Prior year total funds 2019 £ 7,781 73,731 3,072 1,780 86,364 1,841 80,142 81,983 4,381 - 4,381 4,381 (1,260) 3,121 |
|---|---|---|---|---|
A separate Statement of Total Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations.
The notes on pages 9 to 15 form an integral part of the accounts.
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Aquavision Swimming Annual Report and Accounts 2020 Registered Company number 8152305 and
Registered Charity number 1150224
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2019
| Note Income and endowments from - Donations and legacies 21 Charitable activities 22 Other trading activities 24 Investments 25 Total income Expenditure on - Raising funds 26 Charitable activities 28-31 Total expenditure Net income/ (expenditure) for the year Transfers Net income after transfers Net movement in funds Reconciliation of funds - Total funds brought forward Total funds carried forward |
Prior year unrestricted funds 2019 £ 4,020 73,731 3,072 1,780 82,603 1,841 78,138 79,979 2,624 - 2,624 2,624 (1,827) 797 |
Prior year restricted funds 2019 £ 3,761 - - - 3,761 - 2,004 2,004 1,757 - 1,757 1,757 567 2,324 |
Prior year total funds 2019 £ 7,781 73,731 3,072 1,780 86,364 1,841 80,142 81,983 4,381 - 4,381 4,381 (1,260) 3,121 |
|---|---|---|---|
All activities derive from continuing operations.
A separate Statement of Total Gains and Losses is not required as this statement includes all recognised gains and losses.
The notes on pages 9 to 15 form an integral part of the accounts.
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Aquavision Swimming Annual Report and Accounts 2010 BALANCE SHEEf AS AT 31 DECEMBER 2020 20 Tanwbleassets 1702 3377 Debtors Cash ètbankand n io 3,622 6.473 10.095 2014 21211 Credt0 amtyJntsfal¥ngOue wtthln one year li 125141 110,351 Credltors.. amountstsllln8due•fter morethan grtear 12 115lX()I n•tlJsebllhbliO51 11 Restricted re¥enue fr2nds 16 2,324 LknMStrfct•dfvThb. DesSgnated fvnds Unrestrided revenuefurd5 16 16 y.n7 797 Trt•lthivltyfurKIs 3,121 The dkector5are 5at&fiedthatthpmmpJnyis eXemw fromthe requirementtoobt•in Jn •udTt stton 477 The memb¢rs ha% not reqredtheWmpaytOttsIft an avdit in •ctordarKewth 5ectbM476 oftheAcL The dlttrtots aInoed8e thelr resp)ntre$ wfth the requlrernents of the Corrwr4e5 Art wtth re5peLta arcountlw reco$ ènd preparat6on ofaccounts. The tharityi5 x8ectto IndeFtt&0WQ Underthaittylw.afi0n andthE Ir4epthtExanffs rewjrt Ison The fin•nclal statements have toen wepjred accordan wifh tr woytshjns in Part 15 of the effiwar4s 2W6 appllcatde to companles sublecttothesmallcvmp•rues rwmè. P•ul F•vd The ¢S0Th r•8 9t0 15form an Inte8ral partolthe •ccourrtS.
Aquavision Swimming Annual Report and Accounts 2020 Registered Company number 8152305 and Registered Charity number 1150224
Notes to the accounts for the year ended 31 December 2020
1. Accounting policies
Policies relating to the production of the accounts
Basis of preparation and accounting convention The accounts have been prepared on the accruals basis, under the historic cost convention, and in accordance with the Financial Reporting Standard 102 (effective 1 January 2016) and FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (effective January 2016) and in accordance with all applicable law in the charity's jurisdiction of registration.
Risks and future assumptions
Donated goods, facilities and services
Donated fixed assets are recognised at their current fair value. All such donations are recognised as donations income and debited to fixed assets.
Donated goods that are not fixed assets are recognised at their current fair value, unless it is impractical reliably to measure the value of the donated items.
In the absence of any direct evidence of the fair value of donated goods a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales. If it is impractical to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense.
The costs of goods donated for distribution to beneficiaries is deemed to be the fair value of those goods on receipt. When the goods are distributed freely or for a nominal consideration, the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a cost Donated services and facilities (included seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the charity.
All donated services and facilities are recognised as donation income when received, provided the value of the gift can be measured reliably, and recognised as an expense with an equivalent value.
Membership subscriptions
The income and associated gift aid or other tax refund from a membership subscription received by the charity in the nature of a gift is accounted for on the same basis as a donation.
The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.
Policies relating to expenditure on goods and services provided to the charity
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performancerelated grants, where the timing or amount of future expenditure required to settle the obligation is uncertain, give rise to a provision in the accounts, which is reviewed at the year end. The provision is increased to reflect any increases in liabilities, decreased by the utilisation of the provision within the period and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Volunteers
In accordance with the SORP, and in recognition of the difficulty in placing a monetary value on the contribution from volunteers, the contribution is not included in the income of the charity. However, the Trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note 6.
The notes on pages 9 to 15 form an integral part of the accounts.
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Aquavision Swimming Annual Report and Accounts 2020 Registered Company number 8152305 and Registered Charity number 1150224
Notes to the accounts for the year ended 31 December 2020 (continued)
1. Accounting policies (continued)
Policies relating to assets, liabilities, provisions and other matters
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation or, if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual values over their estimated useful lives.
Plant and machinery 20% of a reducing balance
Stocks and work-in-progress
Stock is valued at the lower of cost and net realisable value.
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the objects of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
2. Liability to taxation The Trustees consider that the charity satisfies the tests set out in Paragraph 1, Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly the charity is potentially exempt from taxation in respect of income or capital gains received within the categories covered by Chapter 3, Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity and is therefore included in the relevant costs in the Statement of Financial
3. Winding up or dissolution of the charity If upon winding up or dissolution of the charity there remain any assets, after satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
4. Significance of financial instruments to the charity's position There are no financial instruments to be disclosed.
5. Net surplus before tax in the financial year 2020 2019 £ £ The net surplus before tax in the financial year is stated after charging - Depreciation of owned fixed assets 675 844 6. The contribution of volunteers The charity depends on the support of its volunteers, which is much appreciated. In the year 1200 hours were volunteered to support the swimmers. It is estimated that, without the help of volunteers, the charity would need to find the equivalent of over £30,000 to obtain similar services. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these 7. Staff costs and emoluments 2020 2019 The average number of part-time staff employed in the year was - 5 5
No employee received emoluments (excluding pension costs) in excess of £60,000 per annum.
8. Remuneration and payments to Trustees and persons connected with them Neither the Trustees nor any person connected with them have received any remuneration from the charity or any related entity, either in 2020 or 2019
The notes on pages 9 to 15 form an integral part of the accounts.
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Aquavision Swimming Annual Report and Accounts 2020 Registered Company number 8152305 and Registered Charity number 1150224
Notes to the accounts for the year ended 31 December 2020 (continued)
9. Tangible fixed assets
| 10. 11. 12. **13. ** |
Cost - At 1 January 2020 Additions Deletions At 31 December 2020 Depreciation - At 1 January 2020 Charge for year Deletions At 31 December 2020 Net book value - At 1 January 2020 At 31 December 2020 All assets are used for direct charitable purposes. Debtors Trade debtors Other debtors Creditors: amounts falling due within one year Trade creditors Other creditors Creditors: amounts falling due after more than one year Loans to Trustees included in debtors Bounce-back loan |
Plant and machinery £ 10,888 - - 10,888 7,511 675 - 8,186 3,377 2,702 2020 £ 427 170 597 2020 £ 375 2,169 2,544 2020 £ 15,000 |
Total £ 10,888 - - 10,888 7,511 675 - 8,186 3,377 2,702 2019 £ 1,292 2,330 3,622 2019 £ 6,411 3,940 10,351 2019 £ - |
|---|---|---|---|
There are no loans to Trustees included in debtors.
14. Guarantees made by the charity on behalf of Trustees
There were no guarantees made by the charity on behalf of Trustees.
The notes on pages 9 to 15 form an integral part of the accounts.
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Aquavision Swimming Annual Report and Accounts 2020 Registered Company number 8152305 and Registered Charity number 1150224
Notes to the accounts for the year ended 31 December 2020 (continued)
15. Particulars of how particular funds are represented by assets and liabilities
| At 31 December 2020 Tangible fixed assets Current assets Current liabilities Liabilities payable after more than one year At 1 January 2020 Tangible fixed assets Current assets Current liabilities Liabilities payable after more than one year |
Unrestricted funds £ 2,702 18,570 (2,544) (15,000) 3,727 3,377 7,771 (10,351) - 797 |
Designated funds £ - - - - - - - - - |
Restricted funds £ - 2,641 - 2,641 - 2,324 - - 2,324 |
Total funds £ 2,702 21,211 (2,544) (15,000) 6,368 3,377 10,095 (10,351) - 3,121 |
|---|---|---|---|---|
16. Change in total funds in the year as shown in Note 15 analysed by individual funds
| **17. ** | Funds brought forward from 2019 £ Restricted funds - Jack Petchey 600 Development 1,724 Total restricted funds 2,324 Unrestricted and designated funds - Unrestricted revenue funds 797 Total charity funds 3,121 Analysis of movements in the year as shown in Note 16 Income 2020 £ Restricted funds - Jack Petchey 750 Development 285 Lottery grant 1,280 Total restricted funds 2,315 Unrestricted and designated funds - Unrestricted revenue funds 39,863 Total charity funds 42,178 |
Movement in funds in 2020 £ 32 285 317 2,931 3,248 Expenditure 2020 £ (718) - (1,280) (1,280) (36,932) (38,212) |
Transfers between funds in 2020 £ - - - - - Other gains and losses 2020 £ - - - - - |
Funds carried forward to 2021 £ 632 2,009 2,641 3,727 6,368 Movement in funds 2020 £ 32 285 - 317 2,931 3,248 |
|---|---|---|---|---|
Restricted funds - Jack Petchey Development Lottery grant Total restricted funds Unrestricted and designated funds - Unrestricted revenue funds Total charity funds |
18. The purposes for which the funds as detailed in Note 16 are held by the charity
Restricted funds - Jack Petchey
Awarded to swimmers who are felt to have volunteered their free time to help others in need.
Development
To promote excellence and talent.
Lottery Grant
To support the club towards the costs of operating during the COVID pandemic
Unrestricted and designated funds -
These funds are held for meeting the objects of the charity, and to provide free reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.
The notes on pages 9 to 15 form an integral part of the accounts.
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Aquavision Swimming Annual Report and Accounts 2020 Registered Company number 8152305 and Registered Charity number 1150224
Notes to the accounts for the year ended 31 December 2020 (continued)
19. Ultimate controlling party
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £10 to the assets of the charity in the event of its being wound up while he or she is a member or within one year after he or she ceases to be a member.
20. Related parties
Trustees are paid only expenses incurred on behalf of the Club on the production of receipts. Included in the cost of coaching are payments to the daughters of two of the Club's Trustees, Debra Harris and Wendy Weir, totalling £6,247 (2019 - £4,375).
Debra and Richard Harris - Trustee and former Trustee
Mr and Mrs Harris have at times throughout the year made short-term loans to the charity to assist with cash flow issues. At the year end Mrs Harris was owed £0 (2019 £2,600).
21. Donations and legacies
| 22. 23. **24. ** |
Unrestricted funds 2020 £ Donations and gifts from individuals Annual appeal: Summer - Annual appeal: Winter - Small donations individually of less than £1,000 645 Total donations and gifts from individuals 645 Revenue grants and donations from non-public bodies Small grants individually of less than £1,000 229 229 Revenue grants and donations from public bodies Grant received - Total donations and legacies 874 Income from charitable activities- trading activities Unrestricted funds 2020 £ Primary purpose and ancillary trading Annual fees 4,854 Lessons 30,021 Skills days/ Competitions and Training Camps 2,532 Total primary purpose and ancillary trading 37,407 Total income from charitable activities Unrestricted funds 2020 £ Total income from charitable trading 37,407 Total income from charitable activities 37,407 Income from other, non-charitable, trading activities Unrestricted funds 2020 £ Club swimming supplies 248 Income from fundraising events 1,334 Total from other activities 1,582 Total revenue grants and donations from non- public bodies This analysis is classified by conventional nominal descriptions and not by activity. |
Restricted funds 2020 £ - - - - 1,035 1,035 1,280 2,315 Restricted funds 2020 £ - - - - Restricted funds 2020 £ - - Restricted funds 2020 £ - - - |
Total funds 2020 £ - - 645 645 1,264 1,264 1,280 3,189 Total funds 2020 £ 4,854 30,021 2,532 37,407 Total funds 2020 £ 37,407 37,407 Total funds 2020 £ 248 1,334 1,582 |
Prior year total funds 2019 £ 610 750 1,955 3,315 4,466 4,466 - 7,781 Prior year total funds 2019 £ 7,402 62,298 4,031 73,731 Prior year total funds 2019 £ 73,731 73,731 Prior year total funds 2019 £ 2,677 395 3,072 |
|---|---|---|---|---|
Club swimming supplies Income from fundraising events Total from other activities |
The notes on pages 9 to 15 form an integral part of the accounts.
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Aquavision Swimming Annual Report and Accounts 2020 Registered Company number 8152305 and Registered Charity number 1150224
Notes to the accounts for the year ended 31 December 2020 (continued)
25. Investment income
| **25. ** | Investment income | |||
|---|---|---|---|---|
| 26. 27. **28. ** |
Unrestricted funds 2020 £ Interest income - Property rental income - Total investment income - Expenditure on raising funds and investment management Unrestricted funds 2020 £ Cost of fundraising activities 300 Total fundraising costs 300 Expenditure on charitable activities- direct spending Unrestricted funds 2020 £ Coaching costs 18,039 Skills days, Competitions and Training Camps 3,992 Show swimming costumes - Pool hire 12,778 Repaid to donor - Regulatory costs 13 Total direct spending 34,822 Expenditure on charitable activities- charitable trading Unrestricted funds 2020 £ Club supplies costs 30 Re-allocated from support costs 1,106 Total charitable trading costs 1,136 |
Restricted funds 2020 £ - - - Restricted funds 2020 £ - - Restricted funds 2020 £ - - 468 - - - 468 Restricted funds 2020 £ 250 1,280 1,530 |
Total funds 2020 £ - - - Total funds 2020 £ 300 300 Total funds 2020 £ 18,039 3,992 468 12,778 - 13 35,290 Total funds 2020 £ 280 2,386 2,666 |
Prior year total funds 2019 £ 8 1,772 1,772 Prior year total funds 2019 £ 1,841 1,841 Prior year total funds 2019 £ 32,816 2,125 - 29,203 310 2,477 66,931 Prior year total funds 2019 £ 494 11,874 12,368 |
Club supplies costs Re-allocated from support costs Total charitable trading costs |
The notes on pages 9 to 15 form an integral part of the accounts.
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Aquavision Swimming Annual Report and Accounts 2020 Registered Company number 8152305 and Registered Charity number 1150224
Notes to the accounts for the year ended 31 December 2020 (continued)
29. Support costs for charitable activities
| Note Premises expenses Rent payable under operating leases Administrative overheads Telephone, fax and internet Stationery, printing and postage Software Sundry expenses Advertising Financial costs Bad debt write off Bank charges Support costs before re-allocation less To charitable trading costs 28 Total support costs 30 Depreciation and amortisation in total for the period Support costs re-allocated to specific activities Premises repairs, renewals and maintenance Equipment repairs, expenses and maintenance |
Unrestricted funds 2020 £ - - 72 158 309 272 - 371 (135) 59 675 1,781 (1,106) 675 |
Restricted funds 2020 £ - - - - 1,280 - - - - - - 1,280 (1,280) - |
Total funds 2020 £ - - 72 158 1,589 272 - 371 (135) 59 675 3,061 (2,386) 675 |
Prior year total funds 2019 £ 9,573 215 156 17 - 371 649 - 810 83 844 12,718 (11,874) 844 |
|---|---|---|---|---|
The basis of allocation of costs between activities is described under accounting policies.
30. Total charitable expenditure
| Total direct spending Total charitable trading costs Total support costs Total charitable expenditure |
Unrestricted funds 2020 £ 34,822 1,136 675 36,633 |
Restricted funds 2020 £ 468 1,530 - 1,998 |
Total funds 2020 £ 35,290 2,666 675 38,631 |
Prior year total funds 2019 £ 66,931 12,368 844 80,143 |
|---|---|---|---|---|
The notes on pages 9 to 15 form an integral part of the accounts.
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