LTSA(Lincoln Trident Swimming Academy) (Registered charity number 1166296)
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022
INDEX TO FINANCIAL STATEMENTS
Page No
- 2-7 Report of the Trustees 8 Receipts and Payments Account 9 Statement of Assets and Liabilities 10 Notes to the Accounts
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LTSA FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES’ ANNUAL REPORT
The Trustees have pleasure in presenting their annual report and financial statements for the year ended 31st DECEMBER 2022
REFERENCE AND ADMINISTRATION DETAILS
Full Name
Lincoln Trident Swimming Academy (LTSA)
Registered Charity Number
1166296
Registered Office
LTSA 2 Moorland Crescent Lincoln LN6 7NL
Trustees
Mr Ben Strathon Chairperson Mrs Caroline Strathon Secretary Mrs Sarah Hallam Treasurer Mrs Emma Copland Committee Member Mrs Michelle Parsons Committee Member Mrs Sarah Jackson Committee Member Mrs Alexandra Parkin Committee Member
Bankers
HSBC Business Banking Cornmarket Louth LN11 9QB
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LTSA FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES’ ANNUAL REPORT
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The charity is controlled by its Constitution.
A volunteer management committee comprised of the Trustees governs the charity. The existing members will elect future Officers and it is hoped that new Trustees will be elected at the 2023 AGM to support the current Trustees.
Various external bodies including SwimMark and Swim England support the setting.
Recruitment and appointment of new trustees
The committee members are appointed/reappointed at the AGM held annually no later than 31[st] August.
The current committee members have varied qualifications and backgrounds, including legal, financial and business in addition to those related to the charities activities. The Disclosure and Barring Service have checked them, where required, in line with Swim England requirements.
Risk Management
The committee members have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide assurance against fraud and error.
There is a child protection policy in place; the CIO has adopted the Swim England policies.
LTSA continues to be aware of risks and is insured accordingly. Our policy is based on the Swim England and SwimMark guidance received. Regular training is in place to ensure competency.
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LTSA FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES’ ANNUAL REPORT
OBJECTIVES AND ACTIVITIES
The aims of LTSA
LTSA is a teaching/coaching club dedicated to improving the technique and stamina of swimmers in a flexible, friendly, no pressure environment, preparing and enabling them to compete if they wish. The focus remains on developing skills and refining technique to enable each and every individual swimmer to reach their fullest potential, whether the swimmer’s personal goal is skills, competition or fitness.
LTSA aims to be sustainable, high quality club providing a flexible programme of structured training sessions, which encourage and maintain participation at all levels and goals enabling swimmers to take control of their swimming, achieve their personal goals and optimum performance within a supportive development environment.
Encouragement support and mentoring is also provided for anyone wishing to teach/coach, again on a flexible no pressure basis.
The objectives of the CIO are set out in the Constitution.
Significant activities
We have continued to further develop and adapt the training programme, which has remained flexible in its approach and accessibility.
We have competed in a number of open meets of all levels to meet the varied needs and abilities of the membership. Members also successfully competed at County, Regional, National and British Championships.
Recruitment of volunteers continues to be successful, with a number of volunteers committing to attending formal training qualifications.
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LTSA FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES’ ANNUAL REPORT
ACHIEVEMENT AND PERFORMANCE
Re-Affiliated with Swim England - National, Regional and County. Re-accredited with SwimMark
Successful competitive Swimmers at meets in throughout the year achieved finals, medals, PBs, as well as many qualifying for County, Regional, National and/or British Swimming Championships. Some previously non-competing members tried competition this year at open meets.
Numbers of non-competing members maintained at approximately 50% of membership, with some previously competing members changing to non-competing over the year but continuing to participate in training.
Several swimmers assisted poolside as part of their Duke of Edinburgh Award Volunteering section. Others swam regularly as part of their Duke of Edinburgh Award Physical Section.
Charitable Activities
Increased the number of participants/members including some from non-swimming background, others joined from competitive focused clubs after considering stopping swimming, thereby keeping them in the sport as fitness and recreational swimmers.
In line with our CIO Objectives:-
Programme provides fitness training, nutritional advice and support to enable swimmers to maintain health.
Funded education and development of volunteers to further enhance the amateur sport of swimming. Open invitation to local swim schools and leisure centre providers for their staff/ teachers to be involved in training and coaching to both improve their skills and also enable them to better understand and be aware of the opportunities for swimmers to continue participating in swimming after finishing swim school.
Provided assess and refer service giving information to non-members about their options in the County, including details and contacts for the various clubs/activity providers.
Financially support is available swimmers both within the club and externally who required assistance to continue to swim/learn to swim – as agreed by the Trustee.
Provided pool space for adult learn to swim lessons at reduced cost.
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LTSA FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES’ ANNUAL REPORT
LTSA has had a very successful year of activities, building on the successes of previous years since registration as a charity and affiliation with Swim England.
Hi-lights from the year include: -
- Competing numerous times under the LTSA banner both at open meets and in County, Regional and National Championships.
Membership numbers growing
- New swimmers competing for the first time and retaining swimmers who have decided to stop competing.
Swimmers graduating from Swim School into main Club membership.
Regular additional poolside volunteers
Structure and governance developed and expanded as the year progressed.
- Swimmers getting real personal achievement from the level of training, including being recognised at their schools as a result.
Established on County and Midlands circuit.
Balance of training to support non-competitive swimmers achievements.
Increased number of members participating for fitness/healthy recreation.
Training opportunities for volunteers and swimmers.
- Increased team cohesion and support within the membership, ensuring a fully inclusive approach.
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LTSA FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES’ ANNUAL REPORT
FINANCIAL REVIEW
The charity was established in April 2016, so this is its seventh year of operations. It has continued its stable financial position.
Reserves policy
The aim of the charity is to maintain one month's running costs approximately £2,600. The reserves are currently £4,595
Internal control and risk management
The Trustees continue to monitor the major risks to which the charity is exposed and to keep under review the adequacy of the systems which they believe are adequate and appropriate to the size of the charity and the nature of its operations.
The main source of funding this year has been the monthly fees from members, although there has been some sponsorship and donations received from Lloyds Banking Group and also donations from private individuals, with gift aid being claimed where possible. Grants obtained towards training of volunteers have been paid at source by the granting authority (eg SwimMark etc).
The majority of income is spent on pool hire costs and associated equipment.
Approved by the Trustees and signed on their behalf by
Signed …… Ben Strathon …………… . Dated ……01/04/2023………. Ben Strathon, Chairperson
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LTSA FOR THE YEAR ENDED 31 DECEMBER 2022 RECEIPTS & PAYMENTS ACCOUNTS
| 2022 | 2021 | |||
|---|---|---|---|---|
| RECEIPTS | £ | £ | £ | £ |
| Swim England/ASA Fees | 1,510 | 585 | ||
| Fees | 12,191 | 10,509 | ||
| Interest | 8 | 1 | ||
| Fundraising (Branded items) | 474 | 95 | ||
| Functions | 661 | 370 | ||
| Donations (inc Gift Aid) | 989 | 1,209 | ||
| Swim Meets | 2,514 | 1,267 | ||
| Total Income | 18,347 | 14,036 | ||
| LESS PAYMENTS | ||||
| Swim England/ASA Fees | 1,595 | 1,374 | ||
| Pool Hire | 13.341 | 8,011 | ||
| Equipment | 0 | 44 | ||
| Telephone | 15 | 0 | ||
| Misc | 26 | 0 | ||
| Training | 720 | 0 | ||
| Insurance | 105 | 105 | ||
| Swim Meets | 3,059 | 1,724 | ||
| Uniform (inc branded items) | 116 | 641 | ||
| Functions | 683 | 284 | ||
| Expenses/Coaching Costs | 1,950 | 3,247 | ||
| Hardship Fund | 0 | 0 | ||
| Bank Fees | 60 | 0 | ||
| Total Expenditure | 21,670 | 15,430 | ||
| Net Receipts/(Payments) | (3,323) | (1,394) | ||
| Cash funds at start of this period | 7,918 | 9,312 | ||
| Cash funds at end of this period | 4,595 | 7,918 |
Approved by the Trustees and signed on their behalf by:
Signed …… Sarah Hallam …………… . Dated ……01/04/2023………. Sarah Hallam, Treasurer
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LTSA FOR THE YEAR ENDED 31 DECEMBER 2022 STATEMENT OF ASSETS AND LIABILITIES
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Current Account | 587 | 1,906 | |
| Deposit Account | 4,007 | 6,011 | |
| Cash in Hand | 0 | 0 | |
| 4,595 | 7,918 | ||
| Assets Held at Year End 2022 | £ | ||
| Swim Equipment | 50 | ||
| Laptop | 150 | ||
| Uniform | 50 | ||
| Arrears (to be collected) | 240 | ||
| Total | 490 | ||
| Liabilities Held at Year End 2022 | |||
| Pool Hire | 330 | ||
| Advance Payments | 169 | ||
| Total | (499) |
Notes
-
Outstanding Fees/swim Meets/ASA– £240
-
Advance payments of £169 made due to lockdown refunds etc -
Net Balance carried forward for year = £4595 – £9 = £4586
Approved by the Trustees and signed on their behalf by:
Signed …… Sarah Hallam …………………. Dated ……01/04/2023……………………. Sarah Hallam, Treasurer
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LTSA FOR THE YEAR ENDED 31 DECEMBER 2020
NOTES TO THE ACCOUNTS
1. Receipts and Payments accounts
Receipts and payments accounts are statements that summarise the movement of cash into and out of the charity during the financial year.
2. Trustees remuneration
The only payments made were for coaching services from the Head Coach as agreed and expenses incurred as agreed at the 2020 AGM, which are available for all volunteers for expenses incurred during the course of them assisting the CIO in its activities.
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