2023-08-31-accounts - West Leigh Swim School Limited

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REGISTERED COMPANY NUMBER: 05337304 (England and Wales) REGISTERED CHARITY NUMBER: 1164477

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 FOR WEST LEIGH SWIM SCHOOL LIMITED

59 Ronald Hill Grove

Leigh-on-sea Essex SS9 2JB

WEST LEIGH SWIM SCHOOL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

	Page
Report of the Trustees	1
Independent Examiner's Report	2
Statement of Financial Activities	3
Balance Sheet	4 to 5
Notes to the Financial Statements	6 to 11
Detailed Statement of Financial Activities	12

WEST LEIGH SWIM SCHOOL LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of 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)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 05337304 (Engalnd and Wales)

Registered Charity number

1164477

Registered office

59 Ronald Hill Grove Leigh on Sea Essex SS9 2JB

Trustees

Mrs C Woolf Mrs A L Halls Mrs K Packer

Company Secretary

Mrs C Woolf

Approved by order of the board of trustees on ……10/05/2024………. And signed on its behalf by:

Mrs C Woolf - Trustee

WEST LEIGH SWIM SCHOOL LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

Notes INCOME AND ENDOWMENTS FROM Other trading activities 2 Investment income 3 Total EXPENDITURE ON Raising funds NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	2023 2022 Unrestricted Total fund funds £ £ 136,918 139,355 3 5 136,921 139,359 137,886 139,698 (965) (339) 6,181 6,520 5,216 6,181

The notes form part of these financial statements

Page 3

WEST LEIGH SWIM SCHOOL LIMITED

BALANCE SHEET

FOR THE YEAR ENDED 31 AUGUST 2023

Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Stocks 9 Debtors 10 Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 12 TOTAL FUNDS	2023 Unrestricted fund £ 1,105 579 216 3,233 4,029 82 4,111 5,216 5,216 5,216 5,216	2022 Total fund £ 1,547 1,238 216 2,961
		4,414 219
		4,633
		6,181
		6,181
		6,181
		6,181

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on …10/05/2024….. And were signed on its behalf by:

C Woolf - Trustee

WEST LEIGH SWIM SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Fixtures and fittings - 25% on reducing balance Computer equipment - 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on charitable activities

Fund accounting

Unrestricted funds can be used in accordance with the charitable objective at the discretion of the trustees

Restricted funds can only be used for particular restrained purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

WEST LEIGH SWIM SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

2 OTHER TRADING ACTIVITIES


OTHER TRADING ACTIVITIES Contracts Sale of drinks and snacks Sale of hats and badges INVESTMENT INCOME	2023 £ 134,367 - 2,551 136,918 2023 £ 3	2022 £ 135,968 - 3,386
		139,354
		2022 £ 5

3 INVESTMENT INCOME

4 NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	2023	2022
	£	£
Depreciation - owned assets	442	552
Other operating leases	69,000	74,000

5 TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.

6 STAFF COSTS

The average monthly number of employees during the year was as follows:

Administrators Teachers Lifeguards	2023 2022 £ £ 1 1 8 7 10 6 19 14

No employees received emoluments in excess of £60,000

WEST LEIGH SWIM SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

7 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Other trading activities Investment income Total EXPENDITURE ON Raising funds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 1 September 2022 Additions At 31 August 2023 DEPRECIATION At 1 September 2022 Charge for year At 31 August 2023 NET BOOK VALUE At 31 August 2023 At 31 August 2022	Fixtures and fittings £ 16,800 - 16,800 15,044 329 15,373 1,426 1,317	Computer equipment £ 688 - 688 457 113 570 117 231	Unrestricted funds £ 139,355 5
			139,360 139,698
			(338) 6,520
			6,181
			Totals £ 17,487 -
			17,487
			15,940 442
			16,382
			1,105
			1,547

8 TANGIBLE FIXED ASSETS

WEST LEIGH SWIM SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

9 STOCKS

Stocks 10 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accrued expenses 12 MOVEMENT IN FUNDS At 1.9.22 £ Unrestricted funds General fund 6,181 TOTAL FUNDS 6,181 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 136,921 TOTAL FUNDS 136,921	2023 £ 580 2023 £ 216 - 216 2023 £ 82 - - (82) Net movement in funds £ (965) (965) Resources expended £ (137,886) (137,886)	2022 £ 1,238
		2022 £ 216 0
		216
		2022 £ 219 - -
		219 -
		At 31.08.23 £ 5,216
		5,216
		Movement in funds £ (965)
		(965)

WEST LEIGH SWIM SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

12 MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund TOTAL FUNDS	At 1.9.21 £ 6,520 6,520	Net movement in funds At 31.8.22 £ £ (339) 6,181 (339) 6,181

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 139,359 139,359	Resources expended Movement in funds £ £ (139,698) (339) (139,698) (339)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	At 1.9.21 6,520 6,520	Net movement in funds At 31.8.23 (1,304) 5,216 (1,304) 5,216

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 276,280 276,280	Resources expended Movement in funds £ £ (277,584) (1,304) (277,584) (1,304)

WEST LEIGH SWIM SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

13 RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2023.

WEST LEIGH SWIM SCHOOL LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

INCOME AND ENDOWMENTS
Other trading activities
Contracts
Sale of drinks and snacks
Sale of hats and badges
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Other trading activities
Opening stock
Purchases
Closing stock
Support costs
Management
Tuition fees and costs
Rent
Insurance
Telephone
Postage and stationary
Advertising
Sundries
Training costs
Accountancy
Finance
Bank charges
Other
Fixtures and Fittings
Computer equipment
Total resources expended
Net (expenditure)/income

2023
2022
£
£
134,367
135,968
-
-
2,551
3,386
136,918
139,355
3
5
136,921
139,359
1,238
2,157
3,083
945
(580)
(1,238)
3,742
1,864
60,890
59,653
69,000
74,000
1,113
1,113
-
117
117
853
76
263
648
651
132,620
135,873
1,082
1409.97
329.25
438.915
113.19
113.025
442
551.94
137,886
139,698
(965)
(339)

WEST LEIGH SWIM SCHOOL LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

Independent examnier's report to the trustees of West Leigh Swim School Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act')

Having 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 respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2 the accounts do not accord with those records; or

the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any

3 requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

the accounts have not been prepared in accordance with the methods and principles of the Statement of 4 Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)

I have no concerns and have come across no other mattes in connection with the examination to which attention should be drawn in tis report in order to enable a proper understanding of the accounts to be reached.

J Jarvis Ronald Hill Grove Leigh-on-sea

Essex

SS9 2JB