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← Winchester City Penguins Swimming Club

2023-08-31-accounts

~
Contents
1.Legal and administrative information
2.Introduction
3.2022-2023 summary
4.Governing
instrument
5.Board ofTrustees
6.Role ofthe Trustees
7.Management
team and		 staffing
8.Membership
9.Major events timeline
10.Aim 1—Learn to Swim
11.Aim 2 —Community
Programme
12.Aim 3 —Development and Performance Programme 12
13.Aim 4 —Club development programme and engagement 16
14.Aim 5 —Lead role for swimming in Winchester 16
15.Aim 6- Governance,
Structure,		 Equality and Financial sustainability 17
16.Operational
management		 19
17.Financial management 19
18.Board approval 21
19.Statement ofTrustees Responsibilities 22
20. Independent
examiners
report		 23
21.Annual
financial statement		 24

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Position Name Hours
CEO Grant Robins Part-time
Operations:
Head of Finance Alison Crompton Part-Time
Membership
Officer		 Gemma Campbell Part-Time
Lessons Administrator Donna Williams Part-Time
Finance and Operations Vacant TBC
Assistant
Coaching and Teaching:
Head Coach Ben Reid Full-Time
Assistant Head Coach Zoe Stemp Full-Time
Head of Lessons James Swatton Full-Time
Head of Development Tara Barklay Full-Time
Casual Hours Staff:
16coaches Part-Time (2 of which are
62 Teachers and Helpers voluntary)
part-Time

Unrestricted Restricted Total Total
funds funds
2023 2023 2023 2022
Notes 6 6 6 6
Income from:
Donations
and legacies		 46,522 3,685 50,207 55,555
Charitable
activities		 2 795,453 3,696 799,149 725,889
Other trading activities 2,057 2,057 12,454
Investments 896 896 27
Total income 844,928 7,381 852,309 793,925
~Ex en Bg~
Charitable
activities		 3 751,485 5,410 756,895 762,707
Net income for the year/
Net movement
in funds		 93,443 1,971 95,414 31,218
Fund balances at 1September 2022 179,017 15,257 194,274 163,056
Fund balances at 31August 2023 272,460 17,228 289,688 194,274

Prior financial year
Unrestricted Restricted Total
funds funds
2022 2022 2022
Notes 6 6
I090t0afmim
Donations
and		 legacies 55,555 55,555
Charitable
activities		 719,037 6,852 725,889
Other trading activities 12,454 12,454
Investments 27 27
Totalincome 787,073 6,852 793,925
~Ex 80ILi~re on:
Charitable
activities		 757,768 4,939 762,707
Net income for the year/
Net movement in funds 29,305 1,913 31,218
Fund balances at 1September 2021 149,712 13,344 163,056
Fund balances at 31August 2022 179,017 15,257 194,274

2023 2022
Notes 6 f
Fixed assets
Tangible assets 2,083 397
Current assets
Debtors 101,266 32,802
Cash at bank and in hand 386,797 335,392
488,063 368,194
Creditors: amounts falling due within 9
one year (200,458) (174,317)
Net current assets 287,605 193,877
Total assets less current liabilities 289,688 194,274
Income funds
Restricted funds 17,228 15,257
Unrg~r' ~~ns
Designated
funds		 10 70,000
General unrestricted funds 202,460 179,017
272,460 179,017
289,688 194,274
The accounts were approved by the Trustees on ......I3.!!..i.&.~'r
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2023 2022
Notes 6 6
Cash flows from operating activities
Cash generated
from operations		 14 53,634 36,334
Investing activities
Purchase oftangible fixed assets (3,125)
Investment
income received		 896 27
Net cash (used in)/generated from
investing activities (2,229) 27
Net cash used in financing activities
Net increase
in cash and cash		 equivalents 51,405 36,361
Cash and cash equivalents at beginning ofyear 335,392 299,031
Cash and cash equivalents at end ofyear 386,797 335,392

2023 2022
E E
Swimming lessons 339,232 355,442
Gala and open meet 174,848 121,642
Training fees 275,038 240,374
Other income 10,031 8,431
799,149 725,889

Unrestricted Restricted Total Total
funds funds 2023 2022
2021 2021
f
Staff costs 328,801 328,801 337,095
Depreciation 1,439 1,439 398
Goods for resale 2,563 2,563 1,629
Gym hire 540 540 2,867
Pool costs 266,773 266,773 272,342
Other lesson costs 1,070 2,340 3,410 2,345
Gala costs 101,285 3,070 104,355 79,225
Training 26,207 26,207 34,734
Administration 13,878 13,878 9,674
Travel 628 628 1,289
Bank charges 91 91 85
Accountancy 6,720 6,720 6,930
Bad debt 150 150 364
Legal and professional fees 1,340 1,340 13,730
751,485 5,410 756,895 762,707

The averag e
monthly
number ofemployees
during		 the year was:
2023 2022
Number Number
Charitable Activities 78 86
Employment
costs		 2023 2022
f f
Wages and salaries 313,584 323,487
Socialsecurity costs 11,651 10,405
Other pension costs 3,566 3,203
328,801 337,095

7 Tangible fixed assets Tangible fixed assets
Fixtures, fittings L
equipment
Cost
At 1September
2022		 5,561
Additions 3,125
Disposals (2,132)
At 31August 2023 6,554
Depreciation and impairment
At 1September
2022		 5,164
Depreciation charged in the year 1,439
Eliminated
in		 respect ofdisposals (2,132)
At 31August 2023 4,471
Carrying amount
At 31August 2023 2,083
At 31August 2022 397
8 Debtors
2023 2022
Amounts
falling due		 within one year: E E
Other debtors 81,041 32,802
Prepayments and accrued income 20,225
101,266 32,802

Creditors: amounts
falling due within one year
2023 2022
6 6
Other taxation and social security 4,510 3,846
Deferred income 178,106 155,358
Other creditors 872 4,817
Accruals 16,970 10,296
200,458 174,317

Balance at Incoming Resources Transfers Balance at
1 September resources expended 31August 2023
2022
Growth fund 70,000 70,000
70,000 70,000

Movement in funds
Balance at1 Income Expenditure Transfers Balance at31
September August 2023
2022
Project Fundraising 5,613 1,218 (2,340) 4,491
Community
Projects (formerly
Gala income) 9,644 6,163 (3,070) 12,737
15,257 7,381 (5,410) 17,228
Balance at1 Income Expenditure Transfers Balance at 31
September August 2022
2021
Project Fundraising 4,477 1,136 5,613
Community
Projects (formerly
Gala income) 8,867 5,716 (4,939) 9,644
13,344 6,852 (4,939) 15,257

12 Analysis ofnet assets between funds
Unrestricted Restricted Total
funds funds
2023 2023 2023
f f f
Fund balances at31August 2023 are
represented
by:
Tangible assets 2,083 2,083
Current assets/(liabilities) 270,377 17,228 287,605
272,460 17,228 289,688
Unrestricted Restricted Total
funds funds
2022 2022 2022
f f f
Fund balances at 31August 2022 are
are represented
by:
Tangible assets 397 397
Current assets/(liabilities) 178,620 15,257 193,877
179,017 15,257 194,274
2023 2022
f
Aggregate compensation 99,159 93,403

14 Cash generated
from operations		 Cash generated
from operations		 Cash generated
from operations		 Cash generated
from operations		 2023 2022
f f
Surplus for the year 95,414 31,218
Adjustments
for:
Investment
income		 recognised in statement offinancial activities (896) (27)
Depreciation
and impairment		 oftangible fixed assets 1,439 398
Movements
in working capital:
(Increase)/decrease in debtors (68,464) 190
Increase in creditors 3,393 5,423
Increase/(decrease) in deferred income 22,748 (868)
Cash generated
from operations		 53,634 36,334