2022-09-30-accounts - Kingsteignton Swimming Pool And Recreational Association

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REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

KINGSTEIGNTON SWIMMING POOL AND RECREATIONAL ASSOCIATION LIMITED, COMPANY LIMITED BY GUARANTEE

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 September 2022

	Page
Company Information	1
Report of the Directors	2
Income Statement	4
Balance Sheet	5
Notes to the Financial Statements	6
Independent Examiner’s report on the accounts	8
Detailed Income and Expenditure Account	9

KINGSTEIGNTON SWIMMING POOL AND RECREATIONAL ASSOCIATION LIMITED, COMPANY LIMITED BY GUARANTEE

COMPANY INFORMATION for the year ended 30 September 2022

DIRECTORS: Mrs V J Morris Ms C Parker Mrs J Roberts Ms S Parker Mr A Dunn Mr A Holmes Mr D A Smith Mr C Belmore Mrs L Dawe Miss H Frankpitt Mrs S Panayi REGISTERED OFFICE: Kingsteignton Pool Meadowcroft Drive Kingsteignton Newton Abbot TQ12 3PB REGISTERED NUMBER: 09080819 (England and Wales) CHARITY NUMBER: 1165126 ACCOUNTANTS: Bishops Accountancy Services Limited 13 Bishops Avenue Bishopsteignton Teignmouth Devon TQ14 9RE

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KINGSTEIGNTON SWIMMING POOL AND RECREATIONAL ASSOCIATION LIMITED, COMPANY LIMITED BY GUARANTEE

REPORT OF THE DIRECTORS for the year ended 30 September 2022

The directors present their report with the financial statements of the company for the year ended 30 September 2022.

REVIEW OF BUSINESS

The swimming pool continued in it’s second year after the COVID-19 pandemic. Volunteers reopened the kiosk in 2022 and increased other fundraising activities ensuring that the pool could be enjoyed by visitors during a glorious summer. The pool has been supported by generous grants from local authorities and other sponsors and continued fundraising from our supporters.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2021 to the date of this report.

Mrs V J Morris

Ms C Parker Mrs J Roberts Ms S Parker Other changes in directors holding office are as follows: Mr A Dunn – appointed 14 December 2021 Mr A Holmes – appointed 14 December 2021 Mr D A Smith – appointed 30 December 2021 Mr C Belmore – appointed 24 March 2022 Mrs L Dawe – appointed 24 March 2022 Miss H Frankpitt – appointed 24 March 2022 Mrs S Panayi – appointed 24 March 2022 Mrs J Collins – resigned 30 December 2021 Mrs L V Mogford – resigned 30 December 2021

DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view often state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

OBJECTIVES AND ACTIVITIES

The objectives of the charity are to provide a community swimming pool for the town of Kingsteignton. The charity beneficiaries are those able to attend, use and benefit from the pool and its environs.

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KINGSTEIGNTON SWIMMING POOL AND RECREATIONAL ASSOCIATION LIMITED, COMPANY LIMITED BY GUARANTEE

REPORT OF THE DIRECTORS for the year ended 30 September 2022

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs J Roberts Director

Date: 8 January 2023

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KINGSTEIGNTON SWIMMING POOL AND RECREATIONAL ASSOCIATION LIMITED, COMPANY LIMITED BY GUARANTEE

INCOME STATEMENT for the year ended 30 September 2022

	Year ended	Year ended
	30.9.22	30.9.21
Notes	£	£
TURNOVER	125,670	102,386
Administrative expenses	124,000	123,482
	1,670	(21,096)
Other operating income	17,741	5,366
OPERATING SURPLUS (LOSS) and
SURPLUS BEFORE TAXATION	19,411	(15,730)
Tax on surplus	-	-
SURPLUS (LOSS) FOR THE
FINANCIAL PERIOD	19,411	(15,730)

The notes form part of these financial statements

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KINGSTEIGNTON SWIMMING POOL AND RECREATIONAL ASSOCIATION LIMITED, COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09080819)

BALANCE SHEET 30 September 2022

30.9.22 Notes £ FIXED ASSETS Tangible assets 4 CURRENT ASSETS Debtors 5 105,067 CREDITORS Amounts falling due within one year 6 22,970 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Transfer from Association Repairs fund Income and expenditure account	£ 2 82,097 82,099 51,861 10,000 20,238 82,099	30.9.21 £ 67,160 4,474	£ 2 62,686 62,688 51,861 10,000 827 62,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which 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 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 company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 January 2023 and were signed on its behalf by:

Mrs J Roberts Director

The notes form part of these financial statements

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KINGSTEIGNTON SWIMMING POOL AND RECREATIONAL ASSOCIATION LIMITED, COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2022

1. STATUTORY INFORMATION

Kingsteignton Swimming Pool And Recreational Association Limited, Company Limited by Guarantee is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Financial Instruments

Financial Assets

Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortisation cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial Assets are derecognised when either the contractual rights to the cash flows from the asset expire or are settled, or substantially all the risks and rewards of the ownership of the asset are transferred to another party, or despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial Liabilities

Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortisation cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2021 - 15).

4. TANGIBLE FIXED ASSETS

4.	TANGIBLE FIXED ASSETS
			Plant and
			machinery
			etc
			£
	COST
	At 30 September 2021
	and 30 September 2022		2
	NET BOOK VALUE
	At 30 September 2022		2
	At 30 September 2021		2
5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		30.9.22	30.9.21
		£	£
	Other debtors	105,067	67,160
6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		30.9.22	30.9.21
		£	£
	Trade creditors	12,119	1,373
	Taxation and social security	2,110	562
	Other creditors	8,741	2,539
		22,970	4,474

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KINGSTEIGNTON SWIMMING POOL AND RECREATIONAL ASSOCIATION LIMITED, COMPANY LIMITED BY GUARANTEE

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS for the year ended 30 September 2022

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act
to follow the procedures laid down in the General Directions given by the Charity Commission under sections 145(5)(b) of the Act, and
to state whether particular matters have come to my attention.

Basis of independent examiners Report

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act, and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act, or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Susan Beverton FCCA 13 Bishops Avenue Bishopsteignton Teignmouth Devon TQ14 9RE

Date: 8 January 2023

This page does not form part of the statutory financial statements

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KINGSTEIGNTON SWIMMING POOL AND RECREATIONAL ASSOCIATION LIMITED, COMPANY LIMITED BY GUARANTEE

DETAILED INCOME AND EXPENDITURE ACCOUNT for the year ended 30 September 2022

Turnover Admissions and season tickets Hire of pool Swimming lesson income Grant from local authority Insurance payment Other income Kiosk sales profit Sundry fundraising/donations Other grants Expenditure Wages Rates and water Insurance Utilities Repairs to property Telephone Advertising Uniform Repairs and renewals Chemicals Waste disposal Training Online booking fees Sundry expenses Swimming Teachers Accountancy Subscriptions Finance costs Bank charges NET SURPLUS (LOSS)	Year ended 30.9.22 £ £ 70,183 18,507 12,659 16,071 8,250 125,670 5,822 8,919 3,000 17,741 143,411 40,948 16,043 3,472 39,099 1,349 359 124 253 1,420 14,887 496 625 982 545 2,128 550 720 124,000 19,411 - 19,411	Year ended 30.9.21 £ £ 65,261 12,380 10,745 14,000 - 102,386 - 1,966 3,400 5,366 107,752 38,257 8,997 3,164 22,875 14,626 292 32 353 15,863 10,935 80 - 3,017 575 3,053 525 362 123,006 (15,254) 476 (15,730)

This page does not form part of the statutory financial statements

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