2023-08-31-accounts - The Black Swimming Association (The Bsa)

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Charity information
Trustees' Annual Report
Statement ofdirector's responsibilities
Independent Examiner's	Report			10
Funds Statements:-
Statement ofFinancial Activities				13
Statement ofFinancial Activities			—Prior Year statement	14
Statement oftotal recognised		gains and losses		15
Movements in funds				15
Revenue Funds				15
Income and Expenditure	account			16
Summary offunds				16
Balance sheet				17
Notes to the accounts				18

The financi detailed in	al posinon ofthe charity at 31August 2023 and the accounts, can be summarised as follows:—	comparatives for the prior peri	od, as more fully
		2023	2022
Net income		45,488	35,307
Unrestricted purposes of	Revenue Funds available for the general the charity	29,123	27,445
Restricted Revenue Funds		67,761	23,952
Total Funds		96,884	51,397

			Current year	Current year	Current year	Prior Year
		pR f	Unrestrict d Funds	Restricted Funds	Total Funds	Total Funds
			2023	2023	2023	2022
					g	5
Income &Endowments	from:
Donations &Legacies		Al	42, 154		42,154	67,238
Charitable activities		A2	9,999	454,124	464,123	395,008
Investments		A4	5		5
Total income		A	52,158	454,124	506,282	462,246
Expenditure on:
Charitable activities		B2	49,715	411,079	460,794	426,939
Total expenditure		B	49,715	411,079	460,794	426,939
Net income for the year			2,443	43,045	45,488	35,307
Transfers between funds		C	(13,350)	13,350
Net income after transfers		A-B-C	(10,907)	56,395	45,488	35,307
Net movement in funds			(10,907)	56,395	45,488	35,307
Reconciliation offunds:-
Total funds brought forward			40,030	11,366	51,396	16,089
Total funds carried forward			29,123	67,761	96,884	51,396

			SOR PRef	Prior Year Unrestricted Funds	Prior Year Restricted Funds	Prior Year Total Funds
				2022	2022	2022
				5
Income tk Endowments	from:
Donations 4Legacies			Al	67,238		67,238
Charitable activities			A2		395,008	395,008
Other trading activities			A3
Investments			A4
Other			A5
Total income			A	67,238	395,008	462,246
Expenditure on:
Raising funds			Bl
Charitable activities			B2	36,472	390,467	426,939
Other			B3
Tax on surplus on ordinary		activi	B3
Other taxation			B3
Total expenditure				36,472	390,467	426,939
Net gains on investments			B4
Net income for the year				30,766	4,541	35,307
Transfers between funds			C	(12,586)	12,586
Net income after transfers				18,180	17,127	35,307
Net movement in funds				18,180	17,127	35,307
Reconciliation offunds:-
Total funds brought forward				9,264	6,825	16,089
Total funds carried forward				27,444	23,952	51,396

towards fix	ed assets f		or Ch	ar	ity use:-
								2023	2022
								8	5
Funds generated in the			year	as	detailed in the SOFA			45,488	35,307
Net resources available to fund charitable						activities		45,48$	35,307
The notes attached on			pages		18to31form an integral part ofthese accounts.
Movements	in revenue		and capital funds for the year ended 31August 2023
Revenue accumulated			funds
					Unrestricted		Restricted	Total	Last year
						Funds	Funds	Funds	Total Funds
						2023	2023	2023	2022
						5			5
Accumulated	funds brought			forward		40,030	11,366	51,396	16,089
Recognised	gains and	losses		before		2,443	43,045	45,488	35,307
transfers
						42,473	54,411	96,884	51,396
(From)/To unrestricted			revenue		funds	(13,350)	13,350
Closing revenue funds						29,123	67,761	96,$84	51,396
Summary of funds					Unrestricted		Restricted	Total	Last Year
						and	Funds	Funds	Total Funds
					Designated funds
						2023	2023	2023	2022
									5
Revenue accumulated		funds				29,123	67,761	96,884	51,396

Income and Expenditure		Account	for the year	ended 31August 2023	ended 31August 2023	as required	by the Companies	Act 2006
							2023	2022
							5	5
Income
Income from operations							506,277	462,246
Investment income and interest
Interest receivable
Gross income in the year		before exceptional items					506,282	462,246
Gross income in the year		including	exceptional	items			506,282	462,246
Expenditure
Charitable expenditure,	excluding		depreciation	and	amortisation		458,353	424,539
Governance costs							2,400	2,400
Interest payable							41
Realised losses on disposals ofsocial investments					which are programme	related
Total expenditure in the		year					460,794	426,939
Net income before tax in the financial year							45,488	35,307
Tax on surplus on ordinary		activities
Net income after tax in	the financial year						45,488	35,307
Retained surplus for the		financial	year				45,488	35,307
All activities derive &om	continuing		operations

				SORP
			Note	Ref			2023	2022
Current assets				B
Cash at bank and in hand				B4	102,131		107,421
Creditors: amounts	falling due within
one year			9	C1	(5,247)		(56,025)
Net current assets							96,884	51,396
The total net assets	of	the charity					96,884	51,396
The total net assets	of	the charity are funded by the funds ofthe				charity,	as follows:-
Restricted funds
Restricted Revenue Funds			15	D2	67,761		23,952
							67,761	23,952
Unrestricted Funds
Unrestricted Revenue Funds			15	D3	29,123		27,444
							29,123	27,444
Designated Funds
Total charity funds							96,884	51,396
The 'SORP Ref indicated above is the classification ofBalance Sheet						items as set out in the formal		SORP
documents. As required		by paragraph	4.60ofthe	SORP, the brought		forward	and carried forward	funds above
have been agreed to the		SOFA..

ot	es to the Accounts for the year ended 31August	es to the Accounts for the year ended 31August	2023
5	Net surplus before tax in the financial year
				2023	2022
				g
	The net surplus before tax in the hnancial	year is stated after	charging:—
	Pension costs			1,868
6	Interest payable			2023	2022
	Bank interest payable			41
7	Staff costs and emoluments
	Salary costs			2023	2022
				5	5
	Gross Salaries excluding trustees and	key management	personnel	117,470	2,871
	Employer's National Insurance for all	staff		1,361
	Employer's operating costs ofdefined
	contribution pension schemes			1,868
	Total salaries, wages and related costs			120,699	2,871
	The average number ofstaff employed	in the year was
	The estimated equivalent number offull time staff deployed in different activities in the year wasr-
	Engaged on charitable activities
	The esttmated full time equivalent number ofall staff		employed as above

Creditors:	amounts	falling due within one year	2023	2022
Trade creditors			983	48,684
Accruals			3,300	3,000
Corporation	tax			3,789
PAYE, NIC	VAT and	other taxes	412
Other creditors			552	552
			5,247	56,025

Income and Expenditure	2023	2022
	5	5
At 1September 2022	51,396	16,089
Surplus after tax for the year	45,488	35,307
At 31August 2023	96,884	51+96

At 31August 2023	Unrestricted	Designated	Restricted	Total	Total
	funds	funds	funds	Funds	Funds
				5	5
Current Assets	34,370		67,761	102,131	102,131
Current Liabilities	(5,247)			(5,247)	(5,247)
	29,123		67,761	96,884	96,884
At 1September 2022	Unrestricted	Designated	Restricted	Total	Total
	funds	funds	funds	Funds	Funds
			5	g	5
Current Assets	83,469		23,952	107,421	107,421
Current Liabilities	(56,025)			(56,025)	(567025)
	27,444		237952	51496	517396

				Funds	Movement	Transfers	Funds	Funds
				brought	in funds in	between	carried	carried
				forward	2023	funds in	forward to	forward to
				from 2022		2023	2024	2024
					SeeNote 16	See Note 17
						g
Unrestricted	and	designated funds:-
Unrestricted	Revenue Funds			27,444	16,329	(13,350)	30,423	30,423
Total unrestricted		and designated	funds	27,444	16429	(13,350)	30,423	30,423

Restricted funds:-	Restricted funds:-	Restricted funds:-
					1,558		1,558	1,558
LMCT				7,477	(13,350)	13,350	7,477	7,477
Sports Wales				15,357	11,842		27,199	27,199
London Borough		ofHackney		1,118	597		1,715	1,715
ABC					1,500		1,500	1,500
ETM					19,043		19,043	19,043
Sports England					7,966		7,966	7,966
Total restricted		funds		23,952	29,156	13,350	66,458	66,458
Total charity funds				51,396	45,485		96,881	96,881
Analysis ofmovements			in funds over the year as shown in Note 15
						Other
				Income	Expenditure	Gains &	Movement	Movement
						Losses	in funds	in funds
				2023	2023	2023	2023	2023
						5		5
Unrestricted	and	designated funds:-
Unrestricted	Revenue Funds			52,158	(35,829)		16/29	16,329
Restricted funds:-
RNLI				36,070	(34,512)		1,558	1,558
LMCT				297,180	(310,529)		(13449)	(13,349)
Sports Wales				60,000	(48,158)		11,842	117842
London Borough		ofHackney		9,990	(9,393)		597	597
ABC				19,500	(18,000)		1,500	1,500
ETM				22,200	(3,157)		19,043	19,043
Sports England				9,184	(1,218)		7,966	77966
				506,282	(460,796)		45,486	45,486

The transfers	The transfers	shown in note 15above are:-	shown in note 15above are:-	2023	2022
				g	g
Transfers	to/(	from) Unrestricted	Funds to cover deficits on Resuicted Funds or when funds are lawfully
reallocated				(13,350)	(13,350)
To/(from)	Restricted Revenue Funds			13,350	13,350
Net transfers

					These funds are held for the meeting the objectives ofthe charity, and	These funds are held for the meeting the objectives ofthe charity, and	to	to
					provide reserves for future activities, and, subject to charity legislation,			are
Unrestricted Revenue		Funds			free from aII restrictions on their use. These include funds from National
					Lottery Award, PwC, Sported and Pentland Speedo
					This fund represents the unrestricted surplus arising on the revaluation			of
Unrestricted Revaluation			Reserve		the charity's assets.
					The purpose ofthese funds is described under the accounting policy
Designated Fixed	Asset		Funds		'Accounting for capital grants and fixed asset funds'.
Restricted funds:-
Restricted Fixed Asset		Funds			The purpose ofthese funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'.
Restricted Revaluation		Reserve			This fund represents the restricted surplus arising on the revaluation charity's assets.	of		the
RNLI					Funds received for consultancy services, including research and
					development, and community engagement.
London Marathon	Charitable			Trust	Funds for governance, organisational capacity-building, finance and	HR.
(LMCT)					Research and insights and fro programme delivery.
Sports Wales					Funds for research and programme delivery, to foster water confidence, competence and safety, including, funding apost.
London Borough	ofHackney				For the delivery ofThe Blue Hour and Together We Can programme Hackney, for rotations delivered Britannia Leisure Centre.		in
RYA ik Sport England		Together Fund			Grant for delivery ofBlue Hour rotations in Thamesmead.
Eden Tree Investment (ETIM)		Management			Grant for delivery ofBlue Hour rotations in Medway, Kent.
Active Black Country					Funds for pilot schemes ofBlue Hour Together We Can in the West Midlands.

Donations, Grants and Legacies
	Current year	Current year	Current year
	Unrestricted	Restricted
	Funds	Funds	Funds
	2023	2023	2023
	K
Donations and gifts from individuals
Gifts and Donations	42,154		42,154
Total donations and gifts from individuals	42,154		42)154
Total Donations, Grants and Legacies
Total Donations, Grants and Legacies	42,154		42)154

		Current year	Current year	Current year
		Funds	Funds	Total
		2023	2023	2023
				h
Income from funders
RNLI			36,070	36,070
LMCT			297,180	297,180
Sports Wales			60,000	60,000
London Borough ofHackney		9,999	9,990	19,989
RYA/Sports	England		9,184	9)184
			22,200	22)200
ABC			19,500	19)500
Total Income from funders		9,999	454,124	464,123

Income from funders
	Prior Year	Prior Year	Prior Year
	Unrestricted	Restricted	Total
	Funds	Funds	Funds
	2022	2022	2022
	5
Prior Year		395,008	395,008

						Unrestricted	Restricted	Total
						Funds	Funds	Funds
						ZUZ3	ZUZ3	ZUZ3
	Total Charitable	income from		funders:-
	Current year - income		from funders			9,999	454,124	464,123
	Prior year					Prior Year	Prior Year	Prior Year
						Unrestricted	Restricted	Total
						Funds	Funds	Funds
						2022	2022	2022
						5
	Prior Year - Income from funders						395,008	395,008
21	Total Income from charitable			activities
						Current year	Current year	Current yeat
						Unrestricted	Restricted	Total
	Current year					Funds	Funds	Funds
						2023	2023	2023
						5
	Income from funders					9,999	454,124	464,123
	Total from charitable		activities		A2	9,999	454,124	464,123

Income from charitable	Income from charitable	Income from charitable	Income from charitable	activities - Prior Year analysis
					Prior Year	Prior Year	Prior Year
Prior year					Unrestricted Funds	Restricted Funds	Total Funds
					2022	2022	2022
Total income		from	charitable	trading
Income from		funders				395,008	395,008
						395,008	395,008
Investment	income
					Current year	Current year	Current yeai
					Unrestricted	Restricted	Total
					Funds	Funds	Funds
					2023	2023	2023
					g		g
Bank Interest		Receivable
Total investment			income	A4

						Current	year	Current year	Current yeai
						Unrestricted		Restricted
Current Year						Funds		Funds	Funds
						2023		2023	2023
						g
Gross wages and salaries activities				—charitable				117,470	1171470
Employers'	NI - Charitable			activities				1,361	1,361
Defined contribution charitable activities		pension costs-						1,868	11868
Travel and Activities	Subsistence		—Charitable				394		394
Operations	and Development							23,183	23,183
Research and Insights								94,730	94)730
Community	Engagement					9,402		9,765	191167
Programme	s							22,326	22,326
Total direct spending					B2a	9,796		270,703	280)499

	All the expenditure in the prior	All the expenditure in the prior	All the expenditure in the prior	year	was unrestricted.
						Prior Year	Prior Year	Prior Year
						Unrestricted	Restricted	Total
	Prior Year					Funds	Funds	Funds
						2022	2022	2022
						g		g
	Gross wages and salaries - charitable activities						2,871	2,871
	Operations and Development					1,178	36,276	37,454
	Research and Insights					120	152,993	153)113
	Total direct spending				B2a	9,525	192,140	260)557
24	Support costs for charitable			activities
						Current year	Current year	Current yeas
						Unrestricted	Restricted	Total
	Current Year					Funds	Funds	Funds
						2023	2023	2023
						g
	Employee costs not included		in direct costs
	Training and welfare - staff					447	1,650	2,097
	Payroll fees and charges						900	900
	Travel and subsistence	—staff				11,173		11)173
	Entertaining					57		57
	Premises Expenses
	Room Hire					9,116		9)116
	Administrative overheads
	Telephone, fax and internet					2,836		2)836
	Postage					13		13
	Stationery and printing					933		933
	Information and publications					1,428		1,428
	Subscription s						613	613
	Equipment expenses					219		219
	ITSoftware and Consumables					3,408		3)408
	Advertising and marketing					70	33,264	33)334
	Liabilty and contents insurance					3,501		3,501
	Sundry expenses					436		436
	Equipment, repairs, expenses		and maintenance
	Resource costs					413		413
	Professional feespaid	to advisors other than the auditor				or examiner
	Accountancy fees other or audit fees	than	examination				9,854	9)854
	Legal fees					35		35
	Consultancy fees					3,000	61,561	64,561
	Research &Development
	Professional services					369	32,534	32,903

Financial costs
Bank charges	24			24
Bank interest payable	41			41
Support costs before reallocation	37,519		140,376	177)895
Total support costs - Current Year	37,519		140,376	177)895
The basis ofallocation ofcosts between activities is described under accounting			policies
	Current year	Current year		Prior Year
	Unrestricted	Restricted		Total
Prior Year	Funds		Funds	Funds
	2023		2023	2022
Employee costs not included in direct costs
Training and welfare - staff	511		313	824
Travel and subsistence - staff	2,240		401	2,641
Premises Expenses
Room Hire	150		3,881	4,031
Administrative overheads
Information and publications	500		135	635
Subscription s			300	300
ITSoftware and Consumables			4,213	4,213
Advertising and marketing	196		13,758	13,954
Liabilty and contents insurance			459	459
Sundry expenses	108		157	265
Professional feespaid to advisors other
Accountancy fees other than examination or audit fees	600		1,080	1,680
Consultancy fees	14,820		35,156	49,976
Research &Development			67,318	67,318
Professional services	2,317		12,264	14)581
Support costs before reallocation	24,547		139,435	163)982
Total support costs - Prior Year	24,547		139,435	163,982

					Current year	Current year	Current year
					Unrestricted	Restricted	Total
	Current Year				Funds	Funds	Funds
					2023	2023	2023
					g
	Independent Examiner's		fees		2,400		27400
	Total Governance	costs			2,400		27400
26	Total Charitable	expenditure
					Current year	Current year	Current year
					Unrestricted	Restricted	Total
	Current Year				Funds	Funds	Funds
					2023	2023	2023
					g
	Total direct spending			B2a	9,796	270,703	2801499
	Total support costs			B2d	37,519	140,376	177)895
	Total Governance	costs		B2e	2,400		2,400
	Total charitable	expenditure		B2	49,715	411,079	460,794
					Prior Year	Prior Year	Prior Year
					Unrestricted	Restricted	Total
	Prior Year				Funds	Funds	Funds
					2022	2022	2022
					g
	Total direct spending			B2a	9,525	192,140	260,557
	Total support costs			B2d	24,547	139,435	163,982
	Total Governance	costs		B2e	2,400		2,400
	Total charitable	expenditure		B2	36,472	331,575	426,939