Charity Registration No. 1192409 IEngland and Wales) ASCOT ROYALS SWIM CLUB ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 MARCH 2022 ASCOT ROYALS SWIM CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trustees N Wantling M Hall D Walsh Charfity number (England and Wales) 1192409 Principal address 43 Stickle Dov Deepcut Su￿eY GU16 ECJB Independent Examiner F￿{On Accountants Limited TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH2022 Pagt Trustees, report Ststement of tr￿steeS, responsibilities Independent examincr's report Statement of fllmncial activities Balance theet Notes to the financial statements TRUSTEES, REPORT The trustees present their rwrt and [￿￿￿tC1all statements for thc yeor ended 31 March 2022. The accounts hav¢ k¢n prepared in accordancc with the accounting policies sef Out in note I to the accounts and comply with the charity's governing do¢umeni, the Charities Act 2011 and "A¢¢ounting and Re￿rtIng by Charities.. StatctrEcnt of Recommended Prdcticc applicabl¢ io Charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Rcpublic of Ireland {FRS 102) (effeclive I January 2015}" Objectives *Dd actiTrTrties The objects of the Club shall be the developrnent and pra¢ti¢e of sWiM￿g. for its m¢mber5 and shall, where appropriate, bc to compete. The main activilies undertaken for thc public benefit in relation to thcsc objectives are as follows- Teaching of advanced swimming techniques Coaching swimming to enable participants fo compete at varylng levels The trustc¢s have paid due regard to guidance issued by the ChaTity Commission in the area of public benefiL Achlevements and perfortn*nte Ach5evements In 2022 a number of swimmers achicvcd times that enabled them to rdcc within the County Championships. I swimmer was awarded 2 bronzc medals. Financial revlew Th¢ Club began its activitie5 in April 2021 in the early days of the ca5iTkg of T¢strictions relating to thc Covid pandcD]ic. This b&g significandy affected th¢ clwity's fijnds. All revenue generated from the Club is through training fees. In addition 10 this, fees are collected by th¢ Club for Swim England Mcmbcr5hips. Ea¢h swimmer rn￿$1 hold a Swim England Membership when enrolling. Cash at bank at 3 ISÉ March 2022 was £1951.50 in un￿strIcted funds, with no restrided fimds. The Ttustees will carcfully monitoi the fmanctal position and tske appropriate. decisions when necessary. At the year-end, the charity had unrestrictrd reserves of £1,624. Re5erve5 poIi¢y The clwity will consider il's reseryes policy on a regular basis. All fi￿dS are curr¢ndy unrestrictrd. The main fmancial risk io the cl)arity is reduccd mcmbcr5hip. It is thc intention of th¢ Tn]stees to build reseryes equal io four montLs of operdttonal costs. The trusfrcs have assessed the risks to which the charity is exposed and are satisfied that syslcms arc tn place to mitigate the challenges arising from the residual iu]pact of thc pandemic 2nd the cost of the living crisis now faring the country. TRUSTEES, REPORT {continu¢d) FOR THE YEAR ENDED 31.VARCH 2022 Future Plan5 Thc ncxt ye&r will scc the focus on maintaining the membership.and growing and1x￿l￿18theeIllb with new mcmbers to achicve long term stability and sustainability of the club. STRUCTURE, GOVERNANCE AND MAI%'AGEMEwr Governing document The chaTiry is controlled by its goveTn7ng document, a collstithtion ofacharitable IncoTporated OrganisatioTJ, running on a non profit basis. Recruitmellt and appointment of new trustees Trustecs are appointed at th¢ Amiual General Meeting. Funding Funding is mainly sourc¢d from a closc company on an interest free basis. r¢payable OD d¢m8nd. G¢n¢rdlly, the remainder of the fimding is Sourc￿ from membcrsbip and training fees. Risk Management The trust¢G5 will identify any risks exposed to the ¢hariry and ensure that appropriale measures are in plac¢ to provide rcasonabl¢ assurance 8gttinst these risks. Th¢ trnstees will rcgularly review risks all systrms attd f￿ancIal controls are in place to mitigatc risks. ASCOT ROYALS SWIM CLUB STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR EIVDED 31 A£4RCH2022 Structure* governanee and management The chariry is a Charitable Incortrf)ralcd Organisation (Cto). The charÈty is governed by a eonstitution with the ¢harity trustees as the only voitng members. If the CIO is wound up, th¢ membeTS of the CIO bave no liability to COntn￿utC to its a&sets and no pcrsonAI sponsibility for settling its debis and liabiliiies. The trustw who seryed during the year and wi to the datr of signanjre of the financial statements w¢re'. Nima Waniling Matthew Hall Daniel Wa]sh In selecting individual trustees for appointsnenL the chartty tt￿teeS must ha￿¢ regard for the sknlls. knowledgc and ¢xperience n¢cd¢d for the effcctivc administration of the CIO. OrgAnisation*l struetyre M¢tllb¢rship of the club 15 open to all young pcopl¢ who are able to achieve level 6 and above of the Swim England Learn to Swim sthges. There is a cbild welfare policy in placc and dis¢losure and ba￿l￿g service checks are Comple￿d for all cmploy¢d and volunte¢rs prior to taking up position within the cbatiry. Management The company's current policy concerning the paymcDt of t[￿¢ cr￿ltorS is to: sertle the temis of payment with supplicrs when agreeing the tem)s of each transaction. ' cnsure that suppliers are made aware of th¢ t¢trt]s of payment by in¢lusion of the relevaTJt tern￿ in contracts. and ' pay in accoTdance with thc wtnpany's contractual aDd oth¢r legal obligatiOFhS. The Ch￿Ity'S Company Secretar!. Clare Kcnnedy, oversees the duties and day to day man&gement of the charity's work Ms. Kennedy is responsible for the chaTity'S banking and contractyal relationships, reports to the tnJsÉees regularly and ¢th)rdinates thc tr[￿¢¢ meetings. The Board of T￿￿te¢S approved th¢ trustees. rq￿. Date Tn￿t¢e, Chair ASCOT ROYALS SWIM CLUB STATEMENT OF TRUSTEES, RESPONStBILITIES FOR THE YEAR EJVDED 31 .VARCH2022 The truslees are responsibl¢ for prcparing the Tn￿lee$, ReEx)rL and the accounts in arcordan¢e with applicable law and United Kingdom Accounting Standards (L'nitrd Kingdom Generally Accepted Accowiting Pra¢tic¢}. The law applicable io charities in England and Wale5. requires the trustees ￿ prepare accounts for each financial year, which give a trne and fair vicw of th¢ stxtr of affaiTS of the charity, and of the incoming resources and application of resources of the charity for that year. In preparing these accounts, the tn￿¢¢5 arc r¢quir¢d to." select suitsbl¢ accounting policies and then apply them c(msistcnily: observe the methods and principles in the C]]arities SORP. make judgements and estinMtes that arc rcasonable ond prndenr, ate whether applicable accounting standar(L% hai'e been followe& subject to any material dcpthures dis¢los¢d and explained in the accounts. and prepare the accounts on th¢ goit18 concern basis unless it is inappropriate to pr¢sume that the charity will continue in opcrntion. The trnstees are rewDsiblc for keeping sufficieftTrt accounting records thai disclos¢ with reasonable accuracy at any time ihe fmancial position of the ¢hariry and enable them to ensure that the accounts tomply with the Charities Act 2011. the Chartty (Aecounts and Reports) Rcgulal]ons 2008 and the provisions of the trnst decd. Thcy are also responsible for safeguarding the a&sets of the charity. and hence for taking reasonabl¢ steps for the prevention and detection of fraud and other irregularities. IIDI-PLNDTr'.N r F.I.IIIINI'RS REPORT OpitybQ I ha*¢ r£erns 3v.db31'e kT055 Tr*1 C￿_-.￿n¢￿ *1t4L*¢ eY&nraL*Ln w.>L ReJrA)0sibtlities b*siJ efreport I rewt In rtST￿. offfl). of the c#[ whfj¢r Th-.or. l4* 02"tt%.4.* I IAdep¢yd¢nÉ txathiHeT'5 Y¥t¢theht the ty31r￿al0P, gii'irtb me tsuse to kiiele re￿1 . ￿ere k¢FI ￿ rtsyfkn. or Llt TTUW 25 rwml 4%. I IL) tit ts A¢¥. (x 3. the aCEc4mi$ &i ￿ c(rfnpli' with Tr￿ Appiica&I¢r¢qWrr￿ the fonts gr81 ¥oraew of the XC&Rmts qt*e a ttue and fstr IieiTr rn¥4 alstter LWQ*tsktf¢ Pattli Fu51ott Lnw*d PD)r￿¢ M"esE. F>t%i Nrjor SQGrrdi EnglI￿j rwit ¥Ès )o}r)sli3 ASCOT ROYALS SWIM CLUB INCOME & EXPENDrruRES ST ATEMENT Apr- Mar 2021-22 Training Fee Swim England Membership Total IDCODI¢ 49,170 2,1 51370 Expenditures: Stsffing Pool Hire A¢countancy IT Expenses Fee Collection Uniforni Swimming Hats Adtnin Swim England Fecs Insurance 12,996 25.861 1,21M) 1,800 2,051 734 528 1,800 2.100 576 Total Expendltures 49,646 Net IDtome 1,624 ASCOT ROYALS SWIM CLUB BALANCE SHEET Notes 2021-22 Current Assets: Cash & Bank 1.952 Debtors Tot81 Assets 1,952 CurTent Liabllities: Crcditors 328 Net Currellt Assets .624 FundslEquity 1,624 Total Equlty The financial statements were approved by the Board of Trustees and authorised for issue on 24 ApriE 2023 and were signed on its behalf by." antling Trustee. Chair ASCOT ROYALS SWIM CLUB R ENDED ACCOUNTIIYG POLICIES Basis ofprepAring ihefinanctal s¢￿emen1S Th¢ financial statements of the charity. which is a public bencfit entity under FRS 102, have been prepared ID accordance wilh the Charities SORP (FRS 1021 'Accounting and Reporting by Charities.. Strtement of Recommended Practice applicable to charittes preparing their accowjts itl accordance with the Financial Reporting Standard applicable in thc UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Chariti¢s Act 201 1. The financial statements havc been prepared under the historical cost onvention. The accounts are for the indivsdual entity only. These financial statements are presented in£ sterling, rounded to the nearest £1. Z Going Concern The financial statemellts have been prepared on a going concern basi5 as the trustees are of the opinion that the charity will be able to pay its liabilkties as and they fall due. The trust¢e5 have reached this conclusion after assessing the chtirity's future cash and funding requirements long with budgets and medium-ternj pl?E￿. I Ineome All incO￿t is recognksed in the Statemeni of Financiat Activities once the charity has entit]ement to the funds, it is probable that th¢ iucome will be received and the amount can be measured rellably. Expendithre Liabilities are recognrsed as cxpcnditure as soon as ihere is a legal or ¢onstnJctive obligation committing the chariiy to that ¢xpenditure. it is probabl¢ that a transfer of economic b¢n¢fLts will be required in scttlemenÈ and ihc amount of the obligation can bc rn￿￿￿red reliably. Expenditur¢ is a¢¢ounted for on an accruals basÈs and has been ¢lassified under headings that aggregate all cost related io thc category. Where costs cannot be directly attributed to particulai headings, th¢y have been allocated ￿ aciiviii¢5 on a basis consisient with the use ofresouTces. The charity is exeTT]pt from tax on its charilable adivities. Fund accounting All funds are general and unrestricted and can be used in accordance with the charitable objectives ai the discretion of the m]stees. 7. Hirepurchose leAsiAg commilments- None cuffenily held. & Bonk and ￿sh Cash at bank Èticludes amounts held in baT]k current accounts. Credlto Creditois and provisioDS are ￿e￿o￿nISed where the charity has 8 present obligation resulting from 8 pasc evellt tbat will pIobably result in the transfer of fijnds io a third paty and the amount due lo s¢ttl¢ the obligatiOIi can be measured or estimated r¢liably. Creditors and provisions are norn]ally iecognised at their settlemcnt amount after allowing for any trade discountsdue.