SwimNarberth CIO
CIO
Registered Charity Number 1162606
Annual Report and Financial Statements for the period 1st November 2021 to 31st October 2022
SwimNarberth CIO Trustee Report & Accounts 1st November 2021 to 31st October 2022
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SwimNarberth CIO
Annual Report and Financial Statements for the period 1st November 2021 to 31st October 2022
| Contents | Page |
|---|---|
| Trustees' report | 3-7 |
| Statement of financial activities | 8-9 |
| Notes to the accounts | 10 |
| Examiner's report | 11 |
Prepared by Chris Walters (Chairman) and Ann Stephens & Co Ltd Accountants
SwimNarberth CIO Trustee Report & Accounts
1st November 2021 to 31st October 2022
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SwimNarberth CIO
TRUSTEES REPORT
The Trustees present their report with the financial statements of the charity for the year end 31[st ] October 2021. The trustees have adopted the provisions of the 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)
Charity number 1162606 Registered in England and Wales
Registered office address
SwimNarberth Narberth Swimming Pool, Old School Grounds Station Road Narberth Pembrokeshire SA67 7AD
Trustees
Mr. Christopher Walters (Chairman) Mr. Martin James Mrs. Nina Goldsworthy-Griffiths Mr Richard Jones Mrs Judith Jones
Governing document
Registered as a Charitable Incorporated Organisation (CIO) on 22st January 2015
Bankers
NatWest Bank 18 High Street Haverfordwest Pembrokeshire SA61 2DE
Independent Examiner
Ann Stephens & Company Ltd. Accountants The Lodge Allensbank Providence Hill Narberth Pembrokeshire SA67 8RF
SwimNarberth CIO Trustee Report & Accounts 1st November 2021 to 31st October 2022
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SwimNarberth CIO
Structure, Governance and Management
SwimNarberth CIO was registered as a Charity on 9[th ] July 2015 and is governed according to its constitution as a Charitable Incorporated Organisation by the trustees. It has four trustees who meet quarterly, with the manager, to set policies, determine strategy, make all the management decisions and review the operations to ensure they meet the aims and objectives of the Charity. All trustees are volunteers and the four founder trustees were appointed for an unlimited time period. Natural turnover of trustees will occur from time to time and a review will be carried out as required. New members will be recruited at need.
The General Committee comprises the trustees, the Friends of Narberth Pool, pool users, representatives of other community groups and anyone who has an interest in the pool and wishes to be involved. The General Committee raise funds, recruit volunteers and host events in support of the pool. An Annual General Meeting will be held in July, when reference will be made to future plans and the strategy for the coming year will be agreed.
Public benefit statement
The charity advances its objects for public benefit by continuing to provide an affordable swimming pool for the community and any members of the general public who want to use it, providing public swimming, swimming lessons for seven local schools, private swimming lessons and many other water based activities to promote good health, enjoyment and water safety.
Risk management
All staff and volunteers are fully trained for the positions they hold. The manager and the Duty Officer are fully trained in risk management and all policies, procedures and training are kept up to date, in line with municipal swimming pools in the county. It is the policy of SwimNarberth CIO to proactively identify, understand and manage the risks inherent in our services and associated plans and strategies.
Objectives and Activities
The objects of the CIO are to maintain Narberth Swimming Pool for the use of the general public, as an affordable, community swimming facility, accessible to all on a sustainable, not for profit basis, promoting the benefits of swimming and green energy. Nothing in the constitution shall authorise an application of the property of the CIO, for the purposes which are not charitable.
Activities: We open six days a week and offer free of charge swimming for Children under 16, Adults 60+ and Family Swim sessions in line with the County Councils guidelines. In addition to our public swimming and lessons for all ages, the activities we provide include, lessons for Parent and Baby, Parent and Toddler, Junior Life Saving Club, swimming lessons for six local schools, Aqua-Robic classes, Hydro-cycle classes, the Over 55 Club, Ladies Only, Canoe Club, Swimming for the Disabled and Pembrokeshire Autistic Club. We have a meeting room where we run training courses for Life Guards, First Aid and Life Saving. The meeting room is also used by the Over 55 Club, for children’s pool parties, for training and as a free meeting venue for any local community group who need a venue to hold their meetings. We have our
SwimNarberth CIO Trustee Report & Accounts 1st November 2021 to 31st October 2022
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SwimNarberth CIO
web site www.swimnarberth.com where we keep everyone informed of our activities and we also distribute by email our newsletter called ‘Pool Notes’ to anyone who would like to receive it and a copy is posted up in the meeting room.
History
SwimNarberth was formed from the Friends of Narberth Pool (FoNP), who in December 2013 decided to challenge the decision of Pembrokeshire County Council (PCC), to close Narberth Swimming Pool. In Jan.2014 they were constituted and constructed a viable and sustainable plan to take over and run the pool for the community. After presenting an acceptable plan to PCC, we were given three months to raise £80,000.00 from private sources, to enable the plan to go forward; in total FoNP raised in excess of £120,000.00. SwimNarberth was constituted in April 2014 and took over the 125year lease of the grounds, buildings and total management of the business on 1[st ] November 2014. SwimNarberth was registered as a Charitable Incorporated Organisation (CIO) on 9[th ] July 2015.
Achievements and Performance including Challenges 2021-2022
We continue to supply Pembrokeshire CC with schools Maintain existing provision for all swimming lessons and free-swimming provision, in line with ages and abilities. Welsh Assembly Government commitment. SwimNarberth has invested in 1 new full time Assistant Manager On-Going staff development and various Swimming Teachers who are all developing in the industry 2 New Trustee’s have been welcomed to Swim Narberth CIO Trustees & Chair and we welcome a new Chairman. SwimNarberth invested in a New Pool Manager and staff for the New Management season.
Also included in our five year plan were:-
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A grant of £3000pa from Narberth Town Council
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The ongoing relationship with Friends of Narberth Pool, as the main source of community involvement, general fundraising and volunteers.
Challenges
Coronavirus COVID-19 Pandemic
SwimNarberth CIO original trustee’s decided to take advantage of the Bounce back loan to ensure security of the pool should any unforeseen issues occur upon the re-launch of the pool. The Bounce back loan is classified as an unsecured loan. The pool continues to pay this loan.
The Pandemic meant we had top operate in strict conditions and with restricted numbers.
SwimNarberth CIO Trustee Report & Accounts 1st November 2021 to 31st October 2022
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SwimNarberth CIO
Future Plans
Our plans continue to look into the future. Last year we planned to:
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Reassess the range of services we provide, our staffing levels and timetables, to ensure provision for the future.
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Completed and implemented
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Continue the ongoing provision of a range of classes to meet the needs of local people eg: people with disabilities, women only and exercise classes.
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Ongoing
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Continue to fundraise to complete and maintain improvements.
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Ongoing
Financial review and reserves policy
The total income for the period was £218,534. This is broken down into; Sales, Purchases Donations, Grants.
Total expenditure for the period was £213,671 This is broken down into: Wages and staff costs, professional fees, office costs, utilities and other business expenses, as well as a capital expenditure of £18,394 for the building.
The income represents a profit of £24,808 ver the period ended 31 October 2019. Leaving unrestricted funds at £11,277 in the charity's unrestricted account at 31[st ] October 2022 and this constitutes the reserves of the charity.
It is the Board’s intention to continue developing a Risk Register and Reserves Policy and to build up sufficient reserves and maintain sufficient funds to continue to operate the pool and
SwimNarberth CIO Trustee Report & Accounts 1st November 2021 to 31st October 2022
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SwimNarberth CIO
meet any unforeseen circumstances. The budget and expenditure are agreed in accordance with available resources.
The total income is under the current £500,000 audit threshold in the Charities Act 2011 and the Trustees have therefore agreed that the accounts should be independently examined rather than incurring the additional costs of audit.
Trustees' responsibilities
The Trustees of the charity acknowledge their responsibility to maintain proper accounting records, to prepare Annual Accounts which show a true and fair view of the activities of the charity and to take appropriate measures to protect the assets of the charity from major loss.
This Report is made under the Charities Act 2011 in accordance with the requirements of the Charities (Accounts and Reports) Regulations 2008.
Approval
This report was approved by the Trustees on Monday 7[th] November 2022 and is signed on their behalf by: (Note: Audit report received late)
Signed:
Christopher James Walters Chairman – SwimNarberth CIO
Date: 30[th] September 2023
SwimNarberth CIO Trustee Report & Accounts 1st November 2021 to 31st October 2022
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SwimNarberth CIO CHARITY COMMISSION FOR éN61AND AND WALES N¥D•rth Receipts and payments accounts For thé pw Section A Receipts and payments Unrestricted lund5 -xesyin.pd bjrw frJnd5 Total fund5 LBty•x A1R 1S.( IW.47 ).W4 3.614 )J26 Sub iota¥Gross ineome forARJ A2 A55etand imfe5tment sases. see table. Sub lotal 214754 j.ni 1022>1 A3Pa C£4 CY53É6 134.010 1<ÉÉ2 1ST 717 zsrd Sub lotal 145.817 A4 AssÈt3NI irNesthrrt purchases. ta} 1<132 Sub lotsl )¢ 227.U 4.457 148.077 12.155 A5 Tran5fw5 btheen luné5 A6 Cash frjnds last yEar end Ca6h fufid6 this J*arend 24.132 11277 70.0 24.•iID SwimNarberth CIO Trustee Report & Accounts 1 sl November 2021 to 31 st October 2022 Page 8 of 11
SwimNarberth CIO I (HARITY (OMMISSION FOR ENGLAND AND WALES Receipts and payments accounts For the period Section B Statement of assets and liabililies at the end of the period Restritied fimds B1 Cash fwK15 ToTal cash funds 1127T Details vATd fKYn FNRC 2.485 FU t0thh Details B3 InTthtment assets Furd Details B4 Assets retained forthe Chrty'S own use 227.510 1&132 251Y7 Details B5 Liabilities 10.6T1 Cwte SwimNarberth CIO Trustee Report & Accounts 1 sl November 2021 to 31 st October 2022 Page 9 of 11
SwimNarberth CIO CHARIIY COMMISSION FOR ENGIAND AND YIALts Receipts and payments accounts FfKthe lod Section C Notes to the accounts SwimNarberth CIO Trustee Report & Accounts 1 sl November 2021 to 31 st October 2022 Page 10 of 11
SwimNarberth CIO (HARITY COMMISSION FOR ENGMO AND wE5 Independent examiner's report on the accounts SwimNarberth CIO 31 October 2022 ¢h•thyTro 1162606 3 paqe5 attached report to Ihe tn15tees on my exaMInath ol Ihe accJntg of the atrp)ve charity fthe Trusfl for the year ended 31 October 2022. Respon8ibilitie$ and ba81$ of report As the chartys trustees. you are respoTrsble for the yepatiOn of the accounts in accordance 1h the requirements of the Charitses Act 2011 fthe A¢VI. report n Tpect of my exarninabon of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying Out rny examination. I have folbwed all the applitabk Direction8 given by the Charty Commi88ion under $e¢tp)n 14515llbl of Ihe Act. Indewdent exaninei's I have cometed my examnation_ I confirm that no material matters have statement come bj my attents.on in wnnect)n wrth the examnab.on which gNes me ¢ause to believe tha¢ in. any material SpeCt the ac¢ountsng recLxd$ were not kept in decoanCe wth sedKJn 130 of the Chanties Act". or the accounts dJ not accord with the accounb.ng records.. or the a¢¢ounts not comply the applicable requYemen¢s tceing the lotrn arml content of accounts set out in Ihe chare¥ IAccounts and Rerortsl Regulations 2008 other than any requirement that Ihe accounts give a and fairf which is not a matter ¢sIdere{l as part of an Independent examinatKJn. I have concern¥ and have corne aCID no other matter¥ in connecb'on wrLh the examinat)n to which attention should be drawn in this report in order to enabb2 a proper understanding of the atcounts to be reache<l Signed." 'IrfA Datè". 4no023 Nam". Jay Yo ACA qualifi¢ationlsl or body Irf any}.. Address". Ann Stoph•ns & C¢mpany Limrtod 5bk. Narberth. Pefflbroke5hire SA67 8RF SwimNarberth CIO Trustee Report & Accounts 1 sl November 2021 to 31 st October 2022 Page 11 of 11