Swim England East Region (A company limited by guarantee with charitable status)
Directors and Trustees Report and Financial Statements For the period 6[th] October 2020 to 31[st] December 2021 Company number 12931432 Charity number 1193136
Swim England East Region Company Nurnber 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6th October 2020 to 31" December 2021 Financial Statements for the Period Ended 31" December 2021 Contents Report of the Trustees for the penod ended 31" December 2021 Independent Examinevs Report to the Trustees of Swim England East Region 10 Slalement of Financial Activities (including Income & Expenditure Account) for the period ended 31st December 2021 Balance Sheet as at 31st December 2021 12 Statement of Cash Flows 14 Peri¢)d Ended 31 st December 2021 14 Notes foming part of the Financial Statements for the year ended 31st December 2021 15 Page 2
Swim England East Region Company Number 12931432 a company limited by guarantee with charilable ststus Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 61h October 2020 to 31st December 2021 Report of the Trustees for the period ended 3111 December 2021 The Board presents it5 report and audited financial statements for the period ended 3181 December 2021. 1. Introduction The Trustees, who are also the directors of the company, present their report and the financial slalements of the company for the period ended 31st Dember 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) °Accounling and Reporting by Charities. {FRS102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance wrth the accountin9 policies set out in note5 to the accounts and comply with the charity's governing document, the Chanties Act 2011, the Companies Act 2006, the Memorandum and Articles of Association. and the Accounting and Reporting by Charities.. Statement of Recornmended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. 2. Reference and Administrative Infomiation Charity Name: Swim England East Region Charity registration number: 1193136 Company registration number: 12931432 Registsred Office: Pavilion 3 SportPark 3 Oakwood Dnve Loughborough Universty Loughborough LE11 3QF Board and Charity Trustees: Joan Wheeler Keith Bellon David Metcalf lan Mackenzie Chaiman Finance Director Director Diredor Appointed 6th October 2020 Appointed 61n October 2020 Appointed 61h October 2020 Appointed 6" October 2020 Independent Examiner: Christine D Wade FCCA Hastingswade SPAO Stowupland Road Slowmarket Suffolk IP14 SAL Page 3
Swlm England East Region Company Number 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6 October 2020 to 31" December 2021 2. Reference and Administrative Infomiation (continued) Bankers The Ccpoperative Bank p.l.c. P.0. Box 250 Detf House Skelrnersdale WN8 6. National Westminster Bank plc 21 Gentleman's Walk Notwich NR2 1NA 3. Structure. governance and management The charity. which is a company limited by guarantee. was registered on 61h October 2020 in England and Wales and received charitable status on 18UI January 2021. The company .remained dormant until 1st January 2021. The board of trustees have overall responsibility for the direction, management and control of the charity. The Iruslees are.. Joan Wheeler. Chairman Keith Belton. Finance Director lan Mackenzie, Member Eleded Director David Metcalf, Member Elected Director 4. Our aims and objectives As one of eight regions of the National Goveming Body of the aquatic sports of swimming, open water swimming, diving, high diving, artistic swimming and water polo. the charity is the regional governing body for those sports in East Region. Wrthin rts area of benefit, which comprises the Counties of Bedfordshire. Cambridgeshire, Hertfordshire, Norfolk. Suffolk, and Essex (excluding the Greater London Boroughs of Barking and Dagenham. Havering, Newham. Redbridge and Waltham Forest). In fvrthering the aims of the charity. the Trustees have considered the Charrty Commission's guidance on public benefit. The objects of the charity are for the benefit of the public in relation lo aquatic sports.. To promote community participation in swimming. open water swimming, diving. artisti swimming and water polo To advance physical education through the medium of swimming, open water swimming, diving. high diving. artistic swimming and water polo.. Pa9e 4
Swim England East Region Company Number 12931432 a company limited by guarantee with charilable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6th October 2020 to 31" December 2021 To relieve people with physical. sensory and mental disabilities by encouraging and facilitating participation in sporting activities, sporting programmes and assisling in the provision of training, facilities and equipmenl particularly in relation to swimrning, open water swimming. diving. artistic swimming and water polo-, To advance health and the saving of lives by the provision of teaching and training in water safely and swimming inslrudion., and To advance any other purpose that is charitable in accordance with the laws of England and Wales in association with swimming, open water swimming, diving, high diving. artistic swimming, water polo and other aquatic activities. S. Transfer from unincorporated entity to incorporated charity In September 2020 approval was received to transfer the operations of ASA East Region which traded as Swim England East Region. an unincorporated entity. to a new incorporated company. In April 2021 approval was received for the transfer of all 35sels lo the incorporated charity and the winding up of the unincorporated entity. Inevitably, due to the pandemic, the winding up of bank accounts was a far ngthier process than anlicipated, but was completed in December 2021. 6. Ensuring our work delivers our airns We review our aims. objectives and activities each year. This review looks al what we achieved and the outcomes of our work in the previous 12 months. The review looks al the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aims, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have sel. The charity has been significantly impacted by the Covid pandemic both in terms of our ability to deliver development programmes and competitions and by a loss of income. These impacts, resulting from the closure of swimming pools and continuing social distancing restrictions, will continue into 2022 and possibly beyond. 7. The focus of our work The re-opening of pools in April 2021 vlas very much welcomed, arthough for many of our clubs. the opening was delayed wilh some still not able to operate at a level regarded as normal before the pandemic. There has been a drop in club membershsp of approximately 20%, and this has impacted on the income of the region. The region has supported clubs throughout the pandemic by offering advice, facilitating training and support for volunteers and coaches and has delivered on-line development opportunities_ Our staff. and volunteers, have worked with the National Governing Body to try to achieve the best outcomes for our members. and for aquatics more generally, in very challenging Circumstan$. During the year, we have seen the retum to competition for most of our disciplines. Initially. virtual competition was offered through the Swim England Level X initiatives for both swimming and diving, but in early summer face lo face competition became a reality once more. Diving, masters swimming. swimming and water polo have all returned lo lace to face competitions and artistic swimming has been able to organise virtual grading days. Page 5
Swim England East Region Company Number 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6 October 2020 to 31" December 2021 11 ha5 been wonderful to see so many of our member5. from communrties across the region, being able lo participate in competitions. It is. of course. unfortunate that our regional competrtions for open water and disabilily were unable to take place in 2021. but we are pleased to report that both are planned to retum in 2022. There have been some positives of the pandemic. although these were very much outweighed by the negatives. One benefit Ihat we soon realised, was that the internel offered many previously untapped opportunities for meeting with. and developing, our members. Development camps were held on line, reaching many more athletes than we had previously. Numerous training courses were delivered and qualrfic31ion athieved. Team Manager Courses were provided to over 200 learners. and 25 learners completed Time to Listen. Forums were held for volunteers, and coaches met more frequently. and without the need for travel. Continuing the work Start in 2020 by the unincorporated entity, we have tried to ensure that our members and participants have been able to stay connected to both aquatic sport and to the Region - in readiness for return to the water. In readiness for retuming to competrtion, disciplines also took the opportunity both lo train new volunteers and upskill existing volunteers. so that when pools re-opened there were sufficient volunteers to run corr¢petrtions. In tems of support to clubs. and to the communities they serve. the Region has continued to support clubs achieve Swimmark accreditation. For renewals in January 2021, Swim England introduced a minimum standard for all clubs wishing to affiliate, known as 'Slronger Affiliation,. The Region has ensured that it has a safe, sustainable and high quality network of clubs in supporting clubs to achieve Stronger Affiliate by ensuring that they were able to evidence compliance with the required standards. The Region has also held forum for club chairmen. enabling ihese volunteers to share good practice and signposting them to access additional support and funding. More details of our work throughout 2021 can be found on our website both in our'News' section and in the minutes of the meetings of the Board of Directors and the various leadership groups. 8. Volunteers We rely heavily on volunteers to plan, manage and run our events. Wrthout their support we would not be able to deliver the events for our members_ Our volunteers have remained very resilient and continued volunteering activity in line wth all the governrnenl guidelines and advice during the pandemic. As we were able to run "in person, events our volunteers returned to the poolside enthusiastic to support our members by providing competition and development opportunities. As mentioned earlier in this report we used the communicalion mechanisms available to us lo keep our volunteers informed and engaged. 9. How our activities deliver public benefit Swimming has been shown to have huge benefrt both as a sport and as a recreational activity. Page 6
Swirn England East Region Company Number 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6 October 2020 to 315t December 2021 Through our activities detailed above. we have continued to strive to ensure that aquatics has a high profile in East Re9ion. that the facililies are available to club5 and the wider community and that the clLJb network continues to be available to support its current and flrture members. 10. Who used and benefited from our services? Our services a used by our members, by our member clubs and the volunteers who run these clubs and by the comrnunilies in East Region. Although Ihe greater benefil is to existing member5. by building an effective organization, the Region ensures that ils services are available for future generations of swimmers. including those who are currently our Learn to SM members. 11. Finance Revlew The principal funding sources for the charity are affilialion fees paid by members of aquatic clubs in Ihe region and fees paid by participants in competitions and development events run by the region. Reduced club membership and the absence of licensed open swimming meels for rnosl of the year, tO9elher with reduced income from regional swimming championships undoubtedly led to reduced income. The Board has kept a tight control on expenditure and has managed the loss of income by initially not filling vacant slaffing roles. and recruiting to one rather than two roles in late 2021. and by planning all events on a break even basis. The decision lo hold all meetings virtually, rather than in person. has resulted in savings in expense claims as has the decision to reduce the volunteer mileage rate from 45p per mile to 30p per mile. The Board also took the decision lo terminate the lease on the former Regional Office, with all staff contracts amended to Work from Home, contracts. 12. Investment Policy Aside from retaining a prudent amount in reserves each year most of the charity's funds are to be spent in the short term so there are few funds for long tem) investment. Having considered the options available. the Board is concerned to ensure effeclive management of surplus cash ba12nces. For this reason, the Company aims lo minimise its exposure lo individual banks by using a number of high street banks th separate bankin9 licences. The Directors decide on Ihe opening and closing of bank accounts and approve the list of signatories. To facilitate payments for on line and telephone purchases and bookings. and to avoid the need for the use of personal accounts. debit cards have been issued lo key officets and Staff. Although the Company aims lo keep the amount held by a bank wthin the limit of the deposit protection scheme. the reality is that accounts suitable for charitable organisations such as ours, are hard to find and the reality of the pandemic is that contacts with banks have been problematic. Page 7
Swim England East Region Company Number 12931432 a company limited by guarantee with charitable status Char¥ty Number 1193136. Directors and Trustees Report and Financial Statements for the perlod 6 October 2020 to 31" December 2021 13. Reserves Policy The Board has reviewed its Reserves Policy and agreed that the Company will aim to have cash reseNes to enable 'rt to pay for staff and essential running cosls for a year in the event that there is no affiliation or other income. 14. Plans for Future Periods The Board has agreed operational plans and supporting budgets for 2022. Given the ontinuing pandemic and resulting uncertainties over both income and expenditure, these plans are cautious, but will be kept under constant review. Discipline Leadership Groups have been invited lo submit any proposed changes to the plans to the monthly Board meetings. so that these can be considered in the light of current financial predictions. The Board remains confident that it will be able to provide a range of development and competition opportunitie5 to meet the needs of its members and clubs and hence to continue to develop aquatics in East Region across all disciplines. 15. Structure, Governance and Management Governin Document The organisalion is a charitable company limited by guarantee, incorporated on 6 October 2020 and registered as a charity on 18 January 2021. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In Ihe event of the company being wound up members are reqUId lo contribule an amount not exceeding £1. Recruitment and A ointment of Mana ement Committee The directors of Ihe company are also charity Iruslees for the purposes of charity law and under the company s Articles are known a5 members ofthe Board. Under the requirements of the Memorandum and Articles of Association the members of the Board retire al the first Annual General Meeting. They are eligible for re-election for a term period of three years after which they must be re-elected at the next Annual General Meeting within the limits sel out in the Memorandum and Articles of Association. All member of the Board give their time voluntarily and received rio benefits from the Gharity. Any expenses reclaimed from the chaTily are set out in note 8 to the accounts. Risk Mana ement The Board has conducted a review of the major risks to which the charity is exposed. A risk register has been established. is a standing item for each Board meeting so that any new risks can be added, and is updated at least annually. Where appropriate, systems or procedures have been established to mrtigate the risks the charity faces. Intemal control risks are minimised by the implementation of finance policies covering such things as authorisation of all transactions and projects. Procedures are in place lo ensure compliants with health and safety of slaff, volunteers and participglion in activitses run by the reoinn Page 8
Swim England East Region Company Number 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Stalements for the period 6th October 2020 to 31" December 2021 anisational Structure Swim England East Region has a Board of Directors. which is held to account by a Members Forum. The Members Forum is elected annu811y by the county associations. with the number of Members for each county determined by the size of its membership at the end of the previous year. The Board is scrutinised by an Audit. Risk and Probity Commtttee which also monitors the management of risk. The management of the sport is overseen by a Regional Operations Committee. with the day to day management of clubs. development and competitions the responsibilily of a structure of leadership groups. A Regional Swimming Coaches Forum is part of a national structure to aid communication, planning and development. A County Forum ensures that there is two way communication between the Region and its six county associations. The day to day responsibility for overseeing Ihe delivery of agreed operational plans rests with the Regional Manager, who attends Board meetings and meetings of other groups including the Regional Operations Committee. The Regional Manager manages Ihe two other members of the staff team. ensuring that the team operates in line with Swim England East Region policies and Swim England HR Policies, and thal the team continues lo develop their skills and working practi$ in line with good practi. Related Parties As the middle tier of a three tiered govemance structure, the charity works in partnership with the national governing body Swim England and the county swimming associations of Bedfordshire, Cambridgeshire, Essex. Hertfordshire, Norfolk and Suffolk in the delivery of its aims and objectives. 16. Going concern The ongoing Covid pandemic puts pressure on the charity's cash flows. Having considered both Ihe nature of the charity's assets and liabilities and its principal risks and uncertainties, in particular the ongoing impact of Covid. the board believes that for the foreseeable future adequate resources will be available lo the charity. The financial statements have. Iherefore, been prepared on the going concern basis, which assumes that there are adequate resources to continue trading for the foreseeable future. 17. Small Companies Exemption. This report has been prepared in accordance yth Ihe special provisions of Part 15 of the Companies Act 2006 relating to small companies. This report was approved by the Board of Trustees on 13 April 2022 and signed on tts behalf by Joan Wheeler Chairman Page 9
Swim England East Region Company Number 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6th October 2020 to 31" December 2021 Independent Examinerfs Report to the Trustees of Swim England East Reglon I report to the charity trustees on my examination of the accounts of the company for the period ended 31 $1 December 2021 which are set out on pages 11 to 17. . Responsibilities and basis of report As the charity 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 wilh 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 company's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515) (b) of the 2011 Acl. Independent examwrfs statem Since Ihe company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualrfied to undertake the examination because l am a member of the Associalion of Chartered Certified Accounlanls, which is one of the listed bodies. I have completed my examination. I confirm that no matlers have come to my attention in connection wilh the examination giving me cause to belEve that in any material respect.. accounting records were not kept in respecl of the company as required by section 386 of the 2006 Ad., or 2. the accounts do not accord with those records.. or 3. the accounts do nol comply wth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair view, which is not a mater considered as part of an independent examination., or 4. Ihe accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities pparIng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}1 I have no concems and have come across no olher matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Christine D Wade FCCA Hastingswade 58 - 60 Stowupland Road Stowmarkel Suffolk IP14 SAL Date.. 01 Fb?V y22 Page 10
Swim England East Region Company Number 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6th October 2020 to 31S1 December 2021 Statement of Financial Activities (including Income & Expenditure Account) for the period ended 31st Oe¢ember 2021 2021 Unrestricted funds Totsl mt Incorne and endov4Tnents froTn'. Donations an¢J legacies Chariiable adivities Other trading activities Investments Olher 287.810 186.580 29,491 430 5.953 287.810 186.580 29,491 430 5,953 Total incorne and ¢ndo*rynents 510.264 510.264 Expenditure on- Raising fund5 Charitable activrt Govemaft costs Other 19.050 19.050 88.875 68,875 Total expenditure 192.116 192.116 Net gains I Ilossesl on investments Ntt ineom• I lèxpenditurel 318.148 318.148 Transfers between funds Other recognised gains I Ilossesl- Other gains I IIos5esl Net movement in funds 318.148 318.148 Reconciliation of funds: Total n$ brought forward Total funds Carried fOard 318.148 318.148 All income and expenditure derive from continuing adivities. The statement of financial activilies indudes all gains and losses recognised during the yeaf. The Charity has no Restricted or Endowment Funds The annexed notes fomi part of these financial ststements. Page 11
Swim England East Region Company Number 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6th October 2020 to 31°, December 2021 Balance Sheet as at 31st December 2021 Fixed assets Note 2021 Tangible assets 3,630 3.630 Current assets Stocks Debtors Cash at bank and in hand 12 13 15.617 284.159 315,740 Cr•ditors'.amounts falling due within one y•ar 14 1,222 N•t current assets 314,518 Total assets less current liabilities 318,148 Creditor5: amounts fallin9 due after more than one year Provisions for liakmlitie$ Net assets 318 148 Charity Funds Un¥estncte(F funds 15 318.148 Totsl Charity funds 15 318 148 The annexed notes form part of these financial statements. The company is entitled lo exemption from an audit under Section 477 of the Companies Act 2006 for the period ended 31 st December 2021. The members have not required the company to obtain an audr( of rts financial statements for the period ended 31 st December 2021 in accordan wtth Section 476 of the Companies Act 2006. The directors acknOedge their SponSibl1111es for. al 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 al the end of the financial period and rts surplus or deficit for each financial year in accordan 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 special provisions of Part 15 of the Companies Act 2006 relating to sm311 companies. Page 12
Swim England East Region Company Number 12931432 a company limited by guarantee with charitsble status Charity Number 1193136. Directors and Tiustees Report and Financial Statements for the period 6 October 2020 to 31" December 2021 These financial statements were approved by the Board of Trustees and authorised for issue on 13th April 2022, and are signed on behalf of the Board by Joan Wheeler Chairman Page 13
Swim England East Region Company Number 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6 October 2020 to 31$t December 2021 Statement of Cash Flows Period Ended 31 st December 2021 2021 Note Net cash flow from operating activities 16 263.729 Cash flow from inv¢stbn9 aclivitie$ Interest received 430 Nel cash flow from investing activities 430 Net increase in Cash and cash equivalents 264.159 Cash and cash ¢quivalents at $lart date 6 October 2020 Cash and ¢ash equivllenls al end date 31 Dè¢emb•r 2021 264 159 Cash and ca$h equivalents con$i$ts of= Cash at bank and in hand 264.159 Cash and Cash Èquivalents at end dale 31 December 2021 264,159 The annexed notes fomi part of these financial statements Page 14
Swim England East Region Company Number 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6th October 2020 to 31" December 2021 Notes fomiing part of the Financial Statements for the year ended 31 st December 2021 The principal accountin9 poliues are summarised below. The accounting t)olicies have been applied consistently throughout the year and In the preceding year. 1. Basis of accounting The charity constitutes a public benefrt entrty as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charrties.. 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 issued October 2019. the Financial Reporting Standard applicable in ihe United Kingdom and Republic of Ireland IFRS102). the Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going conrn basi5 under the historical cost convention. The financial slatements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtheran of the general objectives of the charrty. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an agreement Vdith the source. Income All income is recognised On the charity. has entitlement to income. it is probable that income will be received and the amount of income receivable can be measured reliably. Resources expended Expenditure is recognised on an accrual basis as a liability is incurred_ Fixed assets Fixed assets {exduding investments) are slated at cost less accumulated depreciation. The osls of minor additions or those costing below £1.000 are not capitalised. Depwiation is on a straight line basis over the estimated useful life. This has been taken to be 5 years for offi, technical swimming and promotional equipment. Furnrture has been depreciated over 10 years. IT purchases are over three years and for the Backstroke Ledges purchased for Swimming it is over 10 years. Assets donated from the Unincorporated Entty have been included wth a cosl equal lo their net book value at 31 Oecember 2020. These assets are depreciated on a straight.line basis over the remaining useful life of the assets lone- five years). Page 15
Swim England East Region Company Number 12931432 a company limited by guaranlee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6th October 2020 to 31" December 2021 Stock Stock is valued at the purchase cost of the items Conme. Tax The charity is an exempl charity within the meaning ol schedule 3 of the Charities Act 2011 and is considered lo pass the lesls sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporalion tax purposes. The charity is not registered for VAT. 2. Income from donations and legacies The Charity received donations valued at £287,809 89 upon the winding up of the unincorporated entity. This consisted of= 2021 Transfer of bank balanS Deposits for future event pool and equipment hire Stock lor use al events and for sale Equipment at donorfs book value 262.149 1,296 18,892 5.473 287,810 All of the Income from donations and legaaes attribuiable to unrestricted fund5. 3. Income from charitable a1VitieS 2021 Membership income Events 97,937 B8,643 186,580 I Income from charitable activities was attributable lo unrestricted funds. 4. Income Irom inveslments 2021 Interest - deposits Interest- loan lo Swim England 419 430 All Income from investments was attributable to unrestricted funds. Page 16
Swim England East Region Company Number 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6th October 2020 to 31st December 2021 5. Other Income 2021 Furfough Grant Refund of Training Grant Other 3,365 2.558 30 5,953 All Other Income was attribulable to unrestricted funds. 6. Analysis of expenditure on charitable activities Charitable activities 2021 Adivities undertaken Grant funding of Support costs Total directly activities 2021 2021 2021 2021 Artistic Swimming Club Leadership Disability Swimming Diving Masters Swimming Open Water Swimming Swimming Swimming Officials Water Polo 60 370 328 1,732 1.843 58 77,520 12 2,268 60 370 328 1,732 1,843 58 77,520 12 2,268 84.191 84,191 7. Governance costs 2021 Trustee remuneration Trustee expenses Managing the Region Independent examiners remunerats'on Other 86.912 1.200 763 88.875 8. Independent examiners remuneration The independent examiners mnerab"On amounts to an independent examination lee of £1,200 Page 17
Swim England East Region Company Number 12931432 a company limited by guarantee with Charitable stslus Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6 October 2020 to 31" December 2021 th 9. Trustees, and key manageftnt rsOnnel remuneration and expenses The trustees neither received nor waived any remuneration during the year. The Articles of Association do not pemit the remuneration of any Trustee. Trustees are entttled to be reimbursed reasonable expenses properiy incurred when acting on behalf oflhe Charity. Expenses amounting to £1040 were reimbursed to three of the Trustees. The reimbursement was in relation volunteering at events run by the region and was on the same basis as all other volunteers al the events. 10. Slaff costs and employee benefits The average monthly number of employees and full time equivalent IFTE) during the period was 2. Paid staff are jointly employed with Swim England who provide HR services such as payment of salaries, national insurance. pensions. PAYE etc on behalf of the Charity. The Charity is invoiced for the cost of its slaff Staff costs were as follows= 2021 Salaries and wages Social security costs Pension contributions 68,493 6.521 4.580 79.594 No bonuses were paid to any staff during the year. No member of Staff received salary and benefits of more than £60,000 11. Tanglble fixed assets Mobile Telephones Event Furniture Total Equipment Cost Additions At 31 December 2021 51 5473 51 5473 Depreciation Charge for the period At 31 December 2021 510 510 10 1843 Net book value 31 December 2021 41 3630 Page 18
Swim England East Region Company Number 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 6th October 2020 to 3181 December 2021 12. Stocks 2021 Finished goods 15,617 15,617 All stock is held is for use or sale at events. 13. Debtors 2021 Loan to Swim England Prepayments and accrued income 35.000 35.964 The loan to Swim England includes £30.000 falling due after more than one year. 14. Creditors: amounts falling due within one year 2021 Accruals 1.222 1,222 15. Fund reconciliation Balance at Income Expendilure Transfers 611012020 Gains I Balance at (losses) 3111212021 Unrestricted funds 5C6,900 188,752 318,148 318,148 0 506.900 188,752 318,148 318.148 Page 19
Swim England East Region Company Number 12931432 a company limited by guarantee with charitable status Charity Number 1193136. Directors and Trustees Report and Financial Statements for the period 61h October 2020 to 3151 December 2021 16. Reconciliation of net income to net cash flow from operating activities 2021 Net income for period 318.148 Interest receivable 14301 Depreciation of tangible fixed assets 1.843 Increase in stock {15.617} Increase in deblofs {35,9641 Increase in donated fixed assets {5,4731 Increase In creditors 1,222 Nel cash flow from operating activitses 263,729 17. Related paty transactions There are no related party transactions durin9 the period. Page 20