Report of the Trustees and Unaudited Financial Statements for the Period Ended 31st August 2022 For **Salisbury S�ngrays Swimming Club** Five Rivers Leisure Centre Hulse Road Salisbury SP1 3NR Registered Charity in England & Wales Number 1196909 - 1 - ## **CONTENTS OF THE FINANCIAL STATEMENTS** |**OBJECTIVES AND ACTIVITIES**|**- 3 -**| |---|---| |_Objec�ves and Aims_|_- 3 -_| |_Organisa�onal Structure of the Club_|_- 3 -_| |**REVIEW OF ACTIVITIES**|**- 4 -**| |_Club Membership_|_- 4 -_| |_Swim School_|_- 4 -_| |Structure|- 5 -| |Teachers and Assistants|- 5 -| |_Open Meet and Club Championships_|_- 5 -_| |_Performance and Results_|_- 5 -_| |_Coach Recruitment_|_- 6 -_| |_Volunteers_|_- 6 -_| |_Squads_|_- 6 -_| |_Masters_|_- 7 -_| |_Club Program_|_- 7 -_| |_Compe��on Entries_|_- 8 -_| |_SwimMark_|_- 9 -_| |**FUTURE PLANS**|**- 10 -**| |**STRUCTURE, GOVERNANCE AND MANAGEMENT**|**- 10 -**| |_Governing Document_|_- 10 -_| |_Risk Management_|_- 10 -_| |**REFERENCE AND ADMINISTRATIVE DETAILS**|**- 11 -**| |Registered Charity Number|- 11 -| |_Principal Address_|_- 11 -_| |_Trustees_|_- 11 -_| |_Independent Examiner_|_- 11 -_| |_Bankers_|_- 11 -_| |**ACCOUNTING AND REPORTING RESPONSIBILITIES**|**- 12 -**| |**INDEPENDENT EXAMINER'S REPORT**|**- 13 -**| |**STATEMENT OF FINANCIAL ACTIVITIES**|**- 14 -**| |**BALANCE SHEET**|**- 15 -**| |**NOTES TO THE FINANCIAL STATEMENTS**|**- 16 -**| - 2 - _**Salisbury S�ngrays Swimming Club Report of the Trustees for Year Ended 31 August 2022**_ ## **OBJECTIVES AND ACTIVITIES** The trustees present their report with the financial statements of the charity for the year ended 31[st] August 2022. The trustees have adopted the provisions of Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve I January 2019). ## Objec�ves and Aims Salisbury S�ngrays Swimming Club exists to help support people in achieving their goals in the sport of swimming. This is achieved with the aid of high-quality coaching, teaching and support staff, working in partnership with the club officials, parents and most importantly, the swimmers. ## Organisa�onal Structure of the Club The Club is governed by a cons�tu�on dated 30th November 2021. The trustees of the fund are the following: Natasha Falkner (Chairman) Jon Tribbeck (Secretary, IT Admin, Marke�ng Manager, Swim School Coordinator) Chris Backhouse (Treasurer) Amanda Applegate (Membership Secretary, Vice Chairman) (resigned June 2023) Alexandra Brierley (Fundraising Officer) Jon Spurling (Welfare Officer) Andrew Kennedy (Officials Coordinator) Drew Falkner (Events Manager) Subject to compliance with the aims of the charity, the trustees are the authority for the expenditure from reserves. - 3 - _**Salisbury S�ngrays Swimming Club Report of the Trustees for Year Ended 31 August 2022**_ ## **REVIEW OF ACTIVITIES** The 2021-22 season has been an outstanding year for S�ngrays. We have bounced back from the covid pandemic and achieved some incredible milestones which just 18 months earlier seemed out of reach. Our success is directly linked to the hard work of our superb team. We have made extraordinary progress this year, and I'd like to personally thank every team member for their energy, commitment, and determina�on in driving our organisa�on forward. In our first year opera�ng as a charity, the transi�on process to the new organisa�on is s�ll very much work in progress. However, with the founda�ons in place the club is posi�oned to benefit from the many opportuni�es this will bring us in the future. ## Club Membership The club has managed to grow its overall membership (including all parts of the club) by 25% compared with this �me last year. Every ac�ve sec�on of the club has grown and it's fantas�c to see our club thriving again following the covid pandemic. We have seen an increase in our members from last year, and most significantly from January of this year, when membership renewals are made. Numbers as of January 22, show slightly fewer members, as many chose not to renew un�l a later date, which was the case for many Masters swimmers this year. In other cases, we had swimmers who stopped swimming in youth squads, only to return later in the year as Master swimmers - this has been a great success! Master swimmers have been on the increase, with many choosing to compete, and the addi�on of younger adult swimmers, who have also con�nued to stay as members, this has increased our masters Swim members, very successfully. This is great news, considering how many le� due to the pandemic. Our club compete (cat 2) numbers have increased, as we have seen new swimmers join our club from other clubs, and younger swimmers moving up from either swim school, or development when they have reached compe��ve age. Our club support (cat 3) numbers have gone down slightly from a year ago, however, they have picked up again since January. This is due to members stepping down from their support roles, and the covid liaison officers that were not required for renewal, this year. We are hopeful that numbers will start to increase, as we aim to recruit more officials and Team Managers. ## Swim School In 2020 we took the deliberate decision to invest in our swim school and completely transform the structure to improve the quality of teaching and be�er meet the needs of swimmers. We are now seeing the benefits of this investment with the membership - 4 - _**Salisbury S�ngrays Swimming Club Report of the Trustees for Year Ended 31 August 2022**_ increasing by 52% compared to last year, extra capacity created to for future growth and the introduc�on of a new badge scheme which rewards swimmers on a more frequent basis. ## _**Structure**_ The new Swim School Programme is in full flow with swimmers progressing well through the stages. We now have our first full cohort who have progressed into the Development Squad. Since February 2022 we have added a further two one-hour sessions at Godolphin School Pool which are also filling up well. This will further ensure the long-term survival of the swimming club by hopefully increasing in-flow into the compe��ve structure. ## _**Teachers and Assistants**_ The number of volunteer teachers and assistants has con�nued to grow this year with a total of 27 overall. We currently have 13 Poolside Assistants, 2 Level 1 Assistant Teachers, 12 Level 2 Teachers We have been consistent in delivering in-house teacher training at the end/beginning of each term. The sessions have a slightly different focus each �me depending on the areas requiring a�en�on. Topics offered so far include refresh/update of the drills being used, programme familiarisa�on for new assistants and teachers and, teaching/assis�ng from in the water. ## Open Meet and Club Championships For the first �me in many years, we successfully organised a two-day open meet in June. As our main fundraising event of the year, we raised over £12k before expenses. This was a tremendous achievement, and it paves the way for future two-day events with the pool already booked in 2023. Our Club Championships which we jointly held with Durrington O�ers also proved to be very successful with swimmers provided with opportuni�es to enter all the events. ## Performance and Results It has been over 10 years since the club has had such success in the pool. We almost doubled the number of medals at the Wilts Coun�es with 226 medals awarded (compared to 119 in 2021); 25 swimmers qualified for the South West Regional Championships; 4 swimmers qualified for the English Na�onals with Oscar Bellinger achieving 3 gold medals; and Byron Robson qualified for the Bri�sh Championships. These results are tremendous achievements by our swimmers and are reflec�ve of the performance of the swimming programme and the hard work put in by our swimmers and coaching team. - 5 - _**Salisbury S�ngrays Swimming Club Report of the Trustees for Year Ended 31 August 2022**_ ## Coach Recruitment We're delighted to have Zoe Palmer and Tim Sadler join our coaching team at the tail end of the season. It's great to have Zoe training to become a coach a�er many years of being a swimmer and teaching at our Swim School. Tim joins S�ngrays as a fully qualified coach from Eastleigh Swimming Club and is also an ex-compe��ve swimmer. ## Volunteers Whether it's suppor�ng the club with its administra�on, opera�ng the �ming equipment at compe��ons, coordina�ng officials or compe��on entries, helping to teach at the Swim School, marshalling swimmers, officia�ng, or refereeing, our volunteers have con�nued to support the club so well this year. ## Squads Full programs were reinstated in September 2021 with swimmers having done remarkably well to maintain their enthusiasm, commitment, and dedica�on prior to this. The team performed amazing well at the 2022 Wiltshire County Championships securing what we believe to be a club record number of medals. The team secured an amazing 226 medals including 69 gold's which was an increase of 107 medals from 2021! 52 swimmers represented the club at Wiltshire Coun�es leading to 5 swimmers being selected for the Wiltshire Development Camp in the 10 / 11 year old age group. County success saw 25 swimmers qualify for the South West Regional Championships in 2022 in 129 events. The team securing an amazing 6 Regional medals with 30 final appearances over the three weekends of compe��on. This led to five swimmers securing Summer Na�onal qualifica�on �mes and one swimmer was selected on the South West Regional Development Camp in the 12 year old age group. At the Summer Na�onals Byron Robson represented the club at Bri�sh Summer Championships performing superbly narrowly missing out on the 50m Bu�erfly final in the 16 year boy's age group. At English Na�onals the team of Oscar Bellinger, Theo Parker-Minty, Ethan Cleary and Georgie Byam all secured amazing personal bests, with the team securing five final appearances, seven top ten finishes and three Na�onal �tles, with Oscar Bellinger taking Gold in the 400m, 800m and 1500m Freestyle in the boy's 13/14 age group a phenomenal achievement. All swimmers finished the season with top 23 Bri�sh ranked �mes in their respec�ve age groups and Oscar and Theo have been selected on the Swim England Na�onal Development Camp for 2022/23 Six swimmers from the club were selected to represent Wiltshire at the Na�onal County Team Championships in October 2022 in the S0m and 100m events. The 2021/22 was hugely - 6 - _**Salisbury S�ngrays Swimming Club Report of the Trustees for Year Ended 31 August 2022**_ successful for the club and the 2022/23 has shown con�nued improved performances from all swimmers as can be seen at the recent Bristol Open Meet where the team finished 3rd out of 30 compe�ng clubs with many County and Regional �mes for 2023 secured. The technical standard of swimming con�nues to improve across all squads as does the execu�on of skills which is really pleasing to see. It's really great to see so many new swimmers taking part in compe��ons especially our younger members who have all shown great development so far this season. Moving in to 2023 I an�cipate we'll have a very strong team heading to the first major compe��on; Wiltshire Coun�es and with swimmers having already secured South West Regional �mes it should be an exci�ng and progressive year for the club with lots to look forward to. For our younger swimmers aged 9-12 years we have entered a new team compe��on The Na�onal Junior Arena League which is a virtual event held over three evenings in our own pool with results posted to the Na�onal League. ## Masters Our Masters team as with our squad swimmers have had a successful season returning to the Wiltshire Masters compe��on in October 2022 at Trowbridge where the team secured a fantas�c 35 medals. The squad has seen new members compete for the first �me and returning members re-join to forge a highly compe��ve team. More success followed at the Na�onal Short Course Championships in Sheffield at the end of October with swimmers performing amazingly well securing personal best �mes on most swims. Sharon Allen picked up two bronze medals in the Breaststroke events a fantas�c achievement! The Masters squad are going from strength to strength this season which can be seen with the recent selec�on for the Masters inter-coun�es where 7 Salisbury swimmers were selected! ## Club Program A�er our first full season back in the pool we've been able to assess and evaluate our programs through the feedback provided by our members in the form of the data recorded from the 2021/22 season. This has led us to our new programs for 2022/23 a refinement of our previous program where we now offer members a wider range of programs to cater for all commitment levels with greater flexibility in terms of session choice and land training for all squads making swimming as accessible as possible with in the structure we have to work from. We've seen increased membership across the board which has been great to see with many new members joining the club. 2023 should be a year to look forward to in the pool building on the success of 2022. I would like to thank coaches Colle�e and Jez who have made significant contribu�ons to the club in 2021/22 and although they have stepped down from their coaching roles, they con�nued to lead the Swim School where we have seen great success having doubled our teaching sessions this year. A big thank you to coach Jamie for his effort this year stepping up to help Development Squad alongside his teaching and lifeguarding. Jamie's experience and enthusiasm with our young swimmers really supports - 7 - _**Salisbury S�ngrays Swimming Club Report of the Trustees for Year Ended 31 August 2022**_ and inspires. A big thank you to our volunteer coaches Susie and Sharon who have been long serving members of the club, their enthusiasm and commitment are very much appreciated by all. We welcome coach Tim and Zoe to the team, both joining us in a coaching capacity this season. Tim and Zoe are both commi�ed and dedicated coaches looking to help the clubs' swimmers con�nue their development and both will be real assets to the club moving forward. I have been really impressed with the dedica�on and commitment of the clubs commi�ee, volunteers, and officials this season and without your help it would not be possible for the club to thrive so a big well done to you all. ## Compe��on Entries There have been 2637 entries from our swimmers this year across 12 events. This is great to see with levels ge�ng back to those previously seen in 2015 to 2017. Ensuring our swimmers have opportuni�es to compete across a wide range of events is increasingly about being ahead of the game and ge�ng entries in early to secure our swimmer the best opportunity to race at great events and qualify for County, Regional and Na�onal events. This has meant that during the 2021/22 season and moving into the 2022/23 season the club had no scratches from events that we entered as a club. We have had no scratches at the start of 2022 which has provided ample opportunity for swimmers to compete and gain County qualifica�on as well as early exposure to Regional Qualifying �mes. To date in the year 2021/22 season we have entered: |County qualifca�on as well as early exposure to Regional Qualifying �mes.
To date in the year 2021/22 season we have entered:|| |---|---| |_October/November/December 2021 Combined Club Championships L4_|_636_| |_October 2021 City of Bristol Early Bird Meet L3_|_256_| |_November 2021 (non-target meet) SW Short Course Winter Champs Ll_|_2_| |_November 2021 November County Qualifer L3_|_301_| |_Jan/Feb 2022 Wilts County Championships L2_|_352_| |_March 2022 Na�onal Qualifer Ll_|_85_| |_March 2022 Regional Qualifer Ll_|_309_| |_April 2022 City of Bristol Intl Meet Ll_|_153_| |_April/May 2022 SW Region Summer Champs L1_|_98_| |_June 2022 S�ngrays Summer Open Meet L3_|_433_| |_July 2022 Bri�sh Championships_|_2_| |_August English Championships_|_10_| |_TOTAL_|_2,637_| - 8 - _**Salisbury S�ngrays Swimming Club Report of the Trustees for Year Ended 31 August 2022**_ ## SwimMark The club successfully secured its SwimMark status again in 2021-22 which is valid un�l January 2023. SwimMark accredita�on is Swim England's quality standard for swimming clubs which means we are na�onally recognised by Sport England as providing a quality service to all its Club members. - 9 - _**Salisbury S�ngrays Swimming Club Report of the Trustees for Year Ended 31 August 2022**_ ## **FUTURE PLANS** Over the next year we are ac�vely planning to: - Further expand the provision of teaching and coaching to the local community. - Strengthen rela�onships with the wider local community to ensure future ongoing support and in order to promote our club and swimming as a sport - Con�nue to seek to train volunteers for teaching and officia�ng roles. - Con�nue to use social media and email to communicate with parents, volunteers and the community. - Increase social ac�vity and interac�on within the club and across age groups. - Improve the club Internet presence - To enter more swimmers for the Regionals and Na�onals in the forthcoming year. ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## Governing Document The charity is controlled by its governing CIO document, a deed of trust and cons�tu�on of an incorporated charity. ## Risk Management The trustees have a duty to iden�fy and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. - 10 - _**Salisbury S�ngrays Swimming Club Report of the Trustees for Year Ended 31 August 2022**_ ## REFERENCE AND ADMINISTRATIVE DETAILS ## _**Registered Charity Number**_ 1196909 ## Principal Address Five Rivers Leisure Centre, Hulse Road, Salisbury, SP1 3NR ## Trustees Natasha Falkner (Chairman) Jon Tribbeck (Secretary, IT Admin, Marke�ng Manager, Swim School Coordinator) Chris Backhouse (Treasurer) Amanda Applegate (Membership Secretary, Vice Chairman) (resigned June 2023) Alexandra Brierley (Fundraising Officer) Jon Spurling (Welfare Officer) Andrew Kennedy (Officials Coordinator) Drew Falkner (Events Manager) ## Independent Examiner Nicholas Jones FCCA Fawce�s Chartered Accountants and Business Advisors Windover House St Ann Street Salisbury SP1 2DR ## Bankers Santander UK Plc Santander Business Banking Sunderland SR43 4FW - 11 - _**Salisbury S�ngrays Swimming Club Report of the Trustees for Year Ended 31 August 2022**_ ## **ACCOUNTING AND REPORTING RESPONSIBILITIES** The Chari�es Act 2011 requires the trustees to prepare accounts each financial year which give a true and fair view of its financial ac�vi�es during the year and of its financial posi�on at the end of the year, In preparing those accounts the Trustees should follow best prac�ce, and: - Select suitable accoun�ng policies and apply them consistently. - Make judgements and es�mates that are reasonable and prudent. - Follow applicable accoun�ng standards and the Chari�es SORP, disclosing and explaining any departures in the accounts. Prepare the accounts on a going concern basis unless it is inappropriate to presume that the Charity will con�nue in opera�on. The Trustees are responsible for keeping proper accoun�ng records which disclose with reasonable accuracy at any �me the financial posi�on of the Charity and to enable them to ensure the financial statements comply with the charity law. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the preven�on and detec�on of fraud and other irregulari�es. Approved by order of the board of trustees on 29[th] June 2023 and signed on its behalf by: Mrs Natasha Falkner – Chair of Trustees - 12 - ## _**Independent Examiner's Report to the Trustees of**_ ## _**Salisbury Stingrays Swimming Club**_ ## _**For the period ended 31 August 2022**_ I report on the accounts of the charity for the period ended 31 August 2022 which are set out on pages 14 to 18. Responsibilities and basis of report As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1.accoun�ng records were not kept in respect of the charity as required by sec�on 130 of the Act; or - 2.the accounts do not accord with those records[; or 3.the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination] . I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Nicholas Jones Fawcetts LLP Windover House St Ann Street Salisbury SP1 2DR Dated: 29 June 2023 - 13 - ## _**Salisbury Stingrays Swimming Club**_ ## _**Statement of Financial Activities**_ ## _**For the period ended 31 August 2022**_ **----- Start of picture text -----**
Period to
Unrestricted Restricted 31.8.22
Note £ £ £
INCOMING RESOURCES
Incoming resources from generated funds:
Voluntary income
Donations 1,483 - 1,483
Transfer of assets from Stingrays Swimming Club 4 72,397 - 72,397
-
73,880 73,880
Activities for generating funds
Charitable activities 5 204,759 - 204,759
-
TOTAL INCOMING RESOURCES 278,639 278,639
RESOURCES EXPENDED
Cost of charitable activities 6 204,347 - 204,347
Management and Administration 7 5,423 - 5,423
Governance costs - - -
-
TOTAL RESOURCES EXPENDED 209,770 209,770
-
Net Incoming Resources 68,869 68,869
-
Net movement in funds for the year 68,869 68,869
-
Total funds at 31 August 2022 68,869 68,869
**----- End of picture text -----**
There were no recognised gains and losses other than those shown in the above Statement of Financial Activities. - 14 - ## _**Salisbury Stingrays Swimming Club (Charity number: 1196909)**_ ## _**Balance sheet**_ ## _**As at 31 August 2022**_ |**Notes**
**Fixed assets**
Tangible
9
**Current assets**
Debtors
10
Cash at bank & in hand
**Creditors: amounts falling due**
**within one year**
11
**Net current assets**
**Net assets**
**The Funds of the Charity**
**Unrestricted Funds:**
General Fund
12
**Restricted Funds**
12
**Total Funds**|£
£
21,294
1,467
53,040
54,507
(6,931)
47,576
68,869
68,869
-
68,869
2022| |---|---| The financial statements were approved by the Trustees on 29 June 2023 and signed on their behalf by: ………………………………………………………. Natasha Falkner – Chair of Trustees - 15 - _**Salisbury Stingrays Swimming Club**_ _**Notes to the Financial Statements**_ _**For the period ended 31 August 2022**_ ## **1. Accounting policies** (a) The accounts have been prepared in accordance with Accounting and Reporting by Charities: 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 (FRS102) (effective 1 January 2019) and in accordance with the Charities Act 2011. y g y g p y are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). (b) **Incoming resources** are included in the statement of financial affairs when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. (c) **Resources expended** are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. Donations are made only when they meet the objects of the charity. Support costs are deemed to be attributable to Charitable Expenditure only. ## (d) **Fund accounting** Funds held by the charity are: _Unrestricted funds -_ These are funds which can be used in accordance with the charitable objects at the discretion of the trustees. _Restricted funds -_ These are funds to be used for specific purposes at the request of the donor. ## (e) **Tangible fixed assets** Tangible fixed assets are depreciated on a reducing balance basis at: _'- Trophies - these are not depreiciated_ - _'- Equipment - 10% per annum_ ## **2. Net outgoing resources for the period** **----- Start of picture text -----**
||| |---|---| |Period to| |31.8.22| |This is stated after charging:|£| |Depreciation|1,810| **----- End of picture text -----**
Trustees did not receive any remuneration, benefits in kind nor expenses for 2022. ## **3. Analysis of total resources expended** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Core|Support| |services|Restricted|costs|Total| |£|£|£|£| |Charitable activities| |Direct costs|204,347|-|-|204,347| |-|-| |Management and administration|5,423|5,423| |Governance costs|-|-|-|-| |-| |204,347|5,423|209,770| **----- End of picture text -----**
## **4. Transfer of assets** The newly formed charitable incorporated organisation receive the assets from the former amateur swimming club, Salisbury Stingrays. The assets included swimming and water polo equipment, IT equipment, trophies and the cash held at the bank. This totalled £72,397 and is treated as an unrestricted donation in these financial statements. - 16 - ## _**Salisbury Stingrays Swimming Club**_ ## _**Notes to the Financial Statements**_ ## _**For the period ended 31 August 2022**_ ## **5. Income from charitable activities** |Squad subscriptions
ASA Registration fees
Learn To Swim
Open Meet
Member events
Sale of kit
LTS badge contributions
**haritable activities expenditure**
Coaching fees
Training costs
Pool and hall hire
LTS gala expenses
Miscellaneous equipment
Event costs
Club kit costs
ASA Registration fees
Competition entry fees
Depreciation - equipment
**Management and Administration**
Insurance
Bank and card fees
IT software|Unrestricted
£
118,444
4,898
68,351
12,079
1,113
1,072
285
206,242
Unrestricted
£
67,049
3,856
110,658
166
1,862
3,387
1,019
5,311
9,229
1,810
204,347
Unrestricted
£
1,049
2,709
1,665
5,423|Restricted
£
-
-
-
-
-
-
-
-
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
Restricted
£
-
-
-
-|Period to
31.8.22
£
118,444
4,898
68,351
12,079
1,113
1,072
285
206,242
Period to
31.8.22
£
67,049
3,856
110,658
166
1,862
3,387
1,019
5,311
9,229
1,810
204,347
Period to
31.8.22
£
1,049
2,709
1,665
5,423| |---|---|---|---| ## **6. Charitable activities expenditure** ## **7. Management and Administration** - 17 - _**For the period ended 31 August 2022**_ ## _**Salisbury Stingrays Swimming Club**_ ## _**Notes to the Financial Statements**_ ## **8. Taxation** The charity is exempt from tax on its charitable activities per sections 521 to 536 of ITA 2007. Due to its current activities Salisbury Stingrays Swimming Club is not registered for VAT and therefore cannot recover VAT on its expenses. ## **9. Tangible fixed assets** |**Cost:**
Additions
At 31 August 2022
**Depreciation:**
Charge for year
At 31 August 2022
**Net book values:**
At 31 August 2022
**10. Debtors**
Accounts receivable
**11. Creditors: amounts falling due within one year**
Accounts payable
**12. Analysis of net assets between funds**
Restricted funds
Unrestricted funds
Net assets at the end of the period|Trophies
£
5,000
5,000
-
-
5,000
Unrestricted
£
1,467
1,467
Unrestricted
£
6,931
6,931
Fixed assets
£
-
21,294
21,294|Equipment
£
18,104
18,104
1,810
1,810
16,294
Restricted
£
-
-
Restricted
£
-
-
Net current
assets
£
-
47,576
47,576|Total
£
23,104
23,104
1,810
1,810
21,294
31.8.22
£
1,467
1,467
31.8.22
£
6,931
6,931
Total
£
-
68,869
68,869| |---|---|---|---| - 18 -