## ## ## ## ## ## ## ## ||**2021**|**2020**| |---|---|---| |Net income/ (expenditure)
Unrestricted funds available for the general purposes|£
(4112)|£
3,247| |- of the Charity
RestrictedRevenuefunds
Total funds|248
2009
2257|3,727
2,641
6,368| ## ## ## Aquavision Swlmming Annual Report and Accounts 2021 STATEMENT OF FINANaAL AcnvmE5 FOR THE YEAR ENDED 31 DECEMBER 2021 ststement of Flnandal Actlvltles Ilndudlng the Incorne and Expendfture A¢￿￿n¢ for the year ended 31 December 2021. as requlred by the Companles Ad 20061 Prfory fvnds Trf•l fvnds l*llw*ls 20U fvnds Inwm•and endowrnentsfrom. Donatlonsand le8acies Charltable actNities Othertradl￿art1￿rtieS Investments 21 22 24 109 42.137 1.254 859 42,137 1.254 37,407 Tot•1 IrKome 750 44250 42,178 Expendlturt on- Raislng funds Charitable artmties 187 46.793 187 48,175 3CKI 38.631 27-30 Total eMpendltur• 463&> 1382 48J62 38.931 Net Incomel lexpÈnthyrel forth• Transfers 13A801 {6321 14J121 a347 Incorn• aftartrnnsf•rs 13M)) 80) 163ZI 14,1121 14,1121 3,U7 3247 Net movement In fund5 Recondllation of fvnds- Total funds bro￿h¢ forward Total funds ¢4rrfed fonvard 3,727 2,641 6.368 3,121 247 1256 Aseparate Statement of Totsl Gainsand Losses is not reqlired as this statement inclwJe5all recogni5ed 8ain5 and losses. All artthties derive from continulrgoperation> The notes on pages 9 to 15 form an integral part of the accounts. Paw6 Aquavision Swimming Annual Report and Accounts 2021 STATEMENT OF FINANaAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 PTlorye•r unrertrkted Prforyear 2020 2020 Income and end¢>wmentsfrom- Donations and legacies Charltable actwities Other trading activities Investments 21 874 37,407 1.582 2.315 3.189 37.407 24 Total Incom• 39J63 2BIS 178 EMpendltur• on- Raising funds Charitable activities 25 27-30 36.633 1,998 38.631 Total expendlture 36,933 38,931 Net income/ (expenditure) lor the year Transfers 1930 317 3247 Net In￿rne aftertransfers 2,930 2?30 317 3,247 Net mo¥emerf in funds 317 3247 Reconclllatlon of funds- Total funds brought forward 797 2,324 3,121 Totsl funds ¢aftred fonvard 2.641 6368 All activities derive from continuing operatv)n& A separate Statement of Total Gains and Losse5 is r￿t required as this statement includes all recognised 8ain5 and losses. Aquavlslon Swlmmlng Annual Report and Accounts 2021 BALANCE SHEET AS AT 31 DECEMBER 2021 1702 D•btsrn C45hat bMk•nd tn h•nd io 870 597 1629S 21.211 on• y••r li 10.849 Crndllws: aTrwJunts thJ• •ft•r re tran I￿.620) 16 1641 O•s*nat•d fu 16 16 247 tbn477 Old￿Corn￿l￿ l&t 2(￿. TIM&. mèmbers ha￿ Mt r•qulrnd tt* tsxN)•ry to*ilrt•kn In I￿1ft h¥¥¢ryd•M• *lths•ciknn 476rfth• P•A F(¥d Aquavision Swimming Annual Report and Accounts 2021 Nctes to the accounts for the year ended 31 December 2021 l. A(￿U￿1￿6 polldes Polldes relatlng to thePr￿ olthe occounts Basls of preparatlon and ￿tO￿ntIng The accounts have been prepared on the accrua15 basis. under the historic cost con¥entlon, ond in accordance wr(h the Financial Reporting Standard 102 leffectl¥e I january 20161 and FRS 102 SORP (Statement of Recommended Practlce for kcounting and Reportin8 by Charities) 2015 (effective January 20161 and in accordance with all applKable low in the charit15 jurlsdictlon of regstrnt•)n. Rlsks and future 0$5wnptl¢m5 Don*ed goods, facllhles and sor¥ke5 natod flx•d assets afe reco8ni5ed at thwr tu￿nt falr value. All s￿h donations are reco8nised as donations income and debf(ed tor￿ed asset Don d not fixed assets are rec(8nised at their current fair value. unle55 it Is im￿￿41 liabty to measure the Irdlue of the donated items. In the absente of any direct e￿de￿e of the fair value ol ¢S)nated 8¢ds a value Is derl¥ed from the cost of the item to thè donor or. in the (ase of Koc#lsthat are experted to be sold. the estimated resale ￿￿1ve after deduttirvx any ant￿Ipated costs of sales. If it Is impractical to measure the fair value of 8c¥)d5 th)nated resalè. or the costs of wdluatlon outwei8h the benefrts. the donated 8oods are recwi5ed as i￿Orne when sold, t￿th an equivalent amount bein8 recognised as an expense. The tosts of goods donatedts distributb)n to beneftiaries is deemed to be the fairvalue of those goods on receipt. When the 8￿d5 are distributed fredy or for a nominal tonsideration, the Can￿n8 amourt . adjusted at the time of sale. tothe Wdlue at the rA)int of distritmrtion and the adjustfflent is shown as a cost (included seconded stsff arKI use of propertyl are irKluded In the Kcounts on the basis of the value of the gift to the charity. AJI donated serYKes and faciliths are recognised as donation In¢ome when received, provided the value of the gift can be MeaSu￿d ￿lia￿ty. and reccgnised asan exp￿Se￿r(h an equivalent Membershl 5ub5tti The income and associated gift aid tyother tax refund from a membership 5ubwiption receNed bythe charity in the nature of a 8ift ts accounted fr*on the same basi5 35 a donatKsn. The i￿Orne from a membership subsCript￿n rKeNeil ￿ th• charity where the subscript*)n purchases the rlght to service5 or benefits is recceni5ed as I￿oMe from tharitable actNities. n￿10ft of Ilabllltles and A liability, arbd the related expendituo. ts ￿(c￿Lised when a le8al or construttNe obligation exists as a result of a past event. and when it is more likdy than not that a transfer of economic benefrts will be required in 5ettlernent and when the am(¥Jnt of the obligation can be MeasU￿a or reliably estbmated. Liabilit￿5 arisin8 from future fvnding commitrnents and wnstructi¥e obligations, including perfomanc related grants, where the timin8 or amount of fvtur¢ expenditu￿ required to settle the obli8ation Is urtertairt. give rise to a prowsion In the Kcounts. whith ts reviewed at the yèar end. The proviS￿n Is Increased to refiect any irKreases in liabilit￿, decreased by the Utili￿tIon of the Fxovtsion wlthln the pertod and reversed rf any prowsion Is rKJ lor￿er required. These rn¢)vements are char8ed or credlted to the rÈ5pethve fund5 and activitles to whith the provision relates. Vdunte•rs In accordance with the SORP, and in reccenition of the dlfficulty in pbaung a monetary value on the ontribution from volunteer4 the t0ntrtbut￿n is not included in thè irKome of the charty- However, the Trustees value the signrfKant cOntrib￿lon made to the actNities of the charity by unpaid volunteersand this is dexribed mre fulty in Note 6. The note5 on pa8es 9 to 15 fomi an integral part of the atcounts. PDBe g Aquavision Swimming Annual Report and Accounts 2021 Notes to the accounts for the year ended 31 December 2021 Icontinuedl l. Accounting polides Icontlnuedl Polioes relotlng fo ¢55ets. Ilobillde4 provision5 vThlother rywtters ble fixed ass Tan8ible flxed u55ets are measured at thelf ￿1n31 cost value. or sub5equeni re4aluath)n or. 6f th)nateil. as described at)ove. Coll vdue I￿ude5 all costs expended In ￿neITh8 the asset Into its intended working conditlon. Depreciatk)n has been provided ai the rates In ryder to vnite off the assets to th*r antklpated residual values overtheir esturted ￿tfull1 Plant and machlnery 20% on a strai8ht4ine basls Stork5 and wowk-In- Stock is valued atthe lower crfcost and net rtsI15ab￿ value. Debtors are measured atth*r re£￿￿Vable amountsatthe ba￿￿e sheetdate. FuAdo¢countlThJ Unr•stricted ￿ are available for use at the discretion of the tntstee5 in furtherarKe of the objects of the charity. Re5trlLledlundsare subjectedto re$trrts￿ cmtheii txpendtture imwjsed bythe th)nor or thro￿ the terns of an appeal or as implied by law. Uabll to taxation The Trustees consider that the charity sa￿fie$ tests set out In Pafagrnph I, Schedule 6 of the Finance Act 2010 for UK corporation tax purFAises. huordirth the charity 15 Foientiah* exempt from taMat¢on in of Income or capital gains receNed W￿¢hin the (ate8ories co¥e￿d by Chapter 3, Part 11 of the Corporation Tax Act 2010 or Sect￿￿ 2S6 of the Taxatlon of Chargeable Gains kt 1992. to the £￿ent that SLsch IrKome or 8ains are applled exclusivetyon the SpeCrf￿ chariiable ot¥ects of the charity and for no other purpose. val￿ Added Tax is not recoverable by the tharity and istheretse included inthe relevant Costs In the Statement of Finar￿131 Wlndln or dlssolutlon of the tha If upon Wind1￿ up or d1$9)I￿￿Jn of the thality there rernain w a55ets. after satIsf￿n of all debts and liabilities, the a55ets represented by the Ktumulated fvnd shall be translerred to some other charitalle body or bodles having similar objects to the charity. Sl ni15canc ffinanual I merts to the cha There are no financial instruments ta be discbsed. 51tlon et ore tax In financial ear The netsurplus ljeforetax in thefinancial year Is ststed after Char￿￿- DepreCiat￿n of owned fixed assets 675 675 The cotttrlbutlon of vofuntews The charity depends on the supwrt of its h￿l￿n￿r5. *thich 15 rn￿kn appreciated. In the year Y)0 hour5 were volunteered to support the swimmers It is estimated that, withwt the help of volunteers. the charity would need to find the equlva￿nt of over £15,￿) to obtain sirnilai ser¥ices. The a￿a￿lements wth ¥*olunteer5 are dlfficutt to value precisely in monetary terms and have not been recogni5ed in the Statement of FinancM?I Actiwtle5. unteers arm ts tharfty 4tiept and agree that rK> contract of ernployment is cwted ￿ these arrangem Staff costs The nurnberof pHrt-tlme sthff ernpl¢wl in the Year￿s- 20 2020 No emplw recelved emotuments lexdudlng penskjn cost51 in exce5S0t £60.0(Xl peramum. Thè noteson pages 9t0 15 fom an Integral part oftheatctrJnt& Pyio Aquavision Swimming Annual Report and Accounts 2021 Notes to the accounts for the year ended 31 December 2021 (continued) Remuneratlon a s to Trnstees connerted ￿th them Neither the Trustees [￿r any person connecred with them have recewed arry remuneratitin from charity or ary related enuty erther in 2021 or2020 £¥cept as discbsed irb note 20. Tan ibl Plant and Total At l January 2021 Addrtions Deletions At 31 t)ecember 2021 10888 10.888 10.888 10,888 At l January 2021 Char8e foryear Deletions At 31 December 2021 8,186 675 675 8,861 8.861 Net book valu•. At l January 2021 At 31 December 2021 2.702 2.027 2,702 2.027 l assets are [￿ed for dirKt charrtable wrk¥) 2020 Trade debtors hef debtor5 870 427 170 S97 870 ii. Itors: aMtyJntsf￿lI d ¥Athln onè Trade credit Other ueditors 375 2.169 5.146 12. It(￿. zm ntsfalli er more than 20 8ounce-back loan 10.620 15.0 13. Loans toTrustees Inc1￿led in debtors Thefe are no loans to Trustees irKluded in debtor& 14. Guarantees made the char on bphalt of Trnstees There were no guarantees made by the chartty on behalf ofTrustees. The notes on pages 9 to 15 form an inte8ral pan of the accwnts. Aquavision Swimming Annual Report and Accounts 2021 Nctes to the accounts for the y¥s1 ¢n.Jed 31 December 20211continued) rticuiar fupds a￿. Te resented ty assets and liabilitles funds funds funds Total fvnds At 31 December2021 Tangible fL¥ed assets Current assets Current liabilities Liabilities payable after more thaTh oneytar 2.027 14.286 15,4461 110.6201 247 2.027 16,295 15.4461 110.6201 256 At ljanuary 2021 T8￿IblefiXed assets CU￿ent a&sets Current I￿￿litieS Liabilrties pwable after ￿ than one year 2.702 21.211 125441 2.702 18570 125441 115.cK(II 2.641 L641 e in total fvnds In the r as shown In Note 15 ana Indi￿&￿1 lunds Funds Fund5 CaTrled fund5 in tonward 2022 in 632 16321 Jack Petchey Development Totsl re#riCted luTh15 1641 UnrestrKted re¥￿ve fvnds 3.n7 13.4801 247 (41 2.256 Total thaiity funds ar as shown in Note 16 Income Experthure and14WS 2021 zo In funts 2021 Restrirted funds- 750 11.3821 16321 Oe4doprnent 16321 unre￿rk￿ and designated fvnds" , Unrestricted revenue funds 13.4801 146.9801 44250 4.1121 Aquavision Swimming Annual Report and Accounts 2021 Notes to the accounts for the year ended 31 December 2021 (continued) which the funds Iled In 16are hekl he dwwi Rertrfrted fvnds. Jack Petth•y Awarded to swimmerswhoarefelt to haveT￿l￿rtetfed theSrfree ilme to help0t￿r$ in need. Dweloprn•nt To PWnK¢te excellence and talertL Unr•llrkt•d •nd d•*n•trd fvnd5. These funds are held for meetin8 the objects of the thafhy. and to Pff￿￿de free feserrts for future xttr¥ttles. and, subjeth to charlty le81514tion, are free from all resifirtM?nson thelr use. mat ntroll The charity is under the contrtsl of fts le8al members. Every member of the charlty Is oblized to contribute such amount as may be requlred not e%ceedln8 £10 to the assets ofthecharity in the its bel￿WOund up whik ht ¢x she Ls a member orwithln ont year after he or she ceases to be a member. 19. U 20. Relat Trustees are pald expen5ts i￿Urred ¢)n behaw of Club on ihe productk)n of receipts. Included In the tost of coachln8 are payments io the dO￿hterS of three of the Club's Trustees. Debra Haths, Flona Sagoo •nd Wendv Welr, totslllnR £12.24812020- £6.2471. Thls onoWs15 closs1fvdtyt0ft￿¥I¥0nul nomlnalde5trtolons ondnrttyortlvlty. Prforyew totsl lurb fvnds 20U funds Totsl fvnds 2021 2021 Oon•tlon5 •nd 8lftsfrom Indlvldu•ls Small don8th)ns Indlvitlually of lessthan £l.(lJ) T•t•l don•tloM •nd8lftsfrnm Indvlthwl9 109 109 645 109 645 Small grants Indlvoduallyol le55 than £l.W Tot•1 re¥enu•irnnts •nd don•t1th￿froM n(Tr p￿Ik bodl•s 750 1,264 750 7YI 64 Grant rtcel¥*d Tof•l don•tlons•nd l•pd 750 859 Nttles. Prfor total funds fvr funds Total fvnds 2021 Prfm4ry pwposeand WKIl￿ryty•d1 Annual fees 4.7C 36.780 657 4.854 30.021 2.532 36,780 657 Skills thysl Comwftions ar￿ Tralnlry C•mp5 T￿•1 prlmary wJrpose and anclllary 41137 41137 37A07 The noteson pa8e$ 9 to 15 form an inte8rn1 part ofthe attounts. P4• 13 Aquavision Swimming Annual Report and Accounts 2021 Notes to the accounts for the year ended 31 December 2021 {contlnuedl I In¢omt fr¢Jrn charlta Prloryear total funds 2020 fvnts 20 funds Totsl funds 2021 20 Total incomefrom charltsble tradlr¥ 42.137 42,137 37,407 T¢)tsl I￿orne from ¢h¥ltalJlea¢tl 42.137 37 42,137 ￿7 24. In¢omefrom her ritable tr4 Prforyegr iotal funds fvnts 20ll fvnds Totsl funds 2021 Club swlmmin8 supples Ir￿￿efrOM fundr3i5ing events 1.177 1,177 1.334 25. ure on ralsl l￿d$ Investn￿ mana Prfory totsl fund5 2020 funds funds Tot•1 funts 2021 Cost of fvDdraisI￿ actiwties Total l￿draiSi￿ Costs 187 187 187 187 300 26. ure on charitable arti¥ftle5- direct Prloryear t¢x•I funds rA futN15 Y¢)tsl funds 20 Coathing costs Sknlls days, Competit￿n5 and Tfalnin8 Camps Show swlmming eostume5 Pool hire Regulatorycosts Totsl dkrft s￿d5￿¢ 29.088 495 18,039 3.992 468 12.778 13 495 12.380 1.318 12.380 1.318 43281 43281 35.290 27. Ex endit re on charltable artlvili etralin Prfory•w totsl lund5 2020 funts 20 funds Total lunts 280 2.386 Club suppr￿St05ts Re4ll¢xated ftorn supwt toA5 Total thafftable trad1￿￿￿*ts 2.837 1382 4.219 2￿7 L382 4,219 666 The notes on ￿￿e5 9 to 15 form an irtte8r￿ part ofthe acccwnls. Ptyg 14 Aquavision Swimming Annual Report and Accounts 2021 Notes to the accounts for the year ended 31 December 2021 (continued) lund5 Total fvnd5 20 2021 2021 2020 Telephone. fax and Intemet Staff trninin8 Stationery. wintlneand F￿e bfh¥are Sundry expenses Equipment repaits. experw aThl Maintenar￿¢ Adverti5in8 Flnanclal costs Bad debt wrlte off Bank charues Interest Depreckation and amcrfI￿t￿ In totsl for the period 158 1.589 272 179 179 349 31 L382 1.731 31 371 2(W) 200 11351 59 675 675 675 3J12 To charitableiradiwt05ts 128371 11.3821 14,2191 12.3861 Total 5UPPOrt t¢￿$ 675 675 675 The basts of aI1¢xatK￿ ofcosts between actNrties ￿deScribed ￿[￿er accounti￿ kW)I 29. Total aritable iture Prforyear fvrKIs Total fvnd5 total fvrAs 20 2021 funds 20 Total direct spending Total charitalAeuading costs Total support costs 43.281 1837 675 43.281 4.219 675 35.290 2.666 675 1.382 Total thorltable ¢xp•ndfture 46.793 L382 48.175 3B.631 ## ## ## ##