## **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**
**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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