SWIM TORQUAY LIMtTED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 3 1ST OCTOBEIL 2021 SWIM TORQUAY LIMITED INDEX TO THE UNAUDITED AccouKrs FOR THE YEAR ENDED 3 1ST OCTOBER, 2021 PAGE NO. Directors, and Trustees, report 2. Profit and Loss Account 34. Balance Sheet 5-6. Notes to the Financial Statements 7-8 Trdding and Profit and Loss Account 9. Independent accountant's report SWIM TORQUAY LIMITED REPORT OF THE DIREcfoRS AND TRUSTEES The directors and trustees present their report and the financial ststements for year ended 31st (ktober. 2021. PR￿CIPAL OBJEcfs AND ACTIVITIES The principal object and a￿1Vity of the company conlinue5 to be that of running a public swimming pool, in accordance with the Memordndum and Articles of Association of the company. REVIEW The company ru￿$ the pool and facilities on a Se]f-fina￿1ng basis. CHARITABLE STATUS The company is a registered charity. RESULTS The results for the year are set out in the Profit 8nd IA)ss AccounL DIRECTORS The direclors through0￿ the year We￿ as follows'.- ILG.W. Margetis, D. Roberts. P. Tysoe, L. Pitts. K MerritL The company is limited by guarantee and the directors have no b￿¢ficial interest in any shares. ADMfNISTL4TION The running of the tXK)l is undertaken by a Tnanaoement Committee.. The members throughout the year were as folloii s: Mr. R. Margetts. Mr. L. Pitts, Mr. P. Tysoe, Mrs. C. 11 aldock. Mr. R tkjwning. Ms. K. Sundho]m. Mrs. R Ive% Mr. A Boulton, Ntrs. L Ilerrick EXEMvfioN In preparing this rekm the directors have taken advantage of the special exemptions available to small companies. BY ORDER OF THE BOARD This report w&s approved by th¢ Board of Directors and the Trustees on 12m4r2022 r/"1 Iih. Direclor REGISTERED OFFICE.. Si Pauls Roa& Plaintnoor. Torquay, TQI 3QP BANKERS.. National Westminster Bank plc, 108 Union StreeL Torquay, TQ25PH REGISTERED COMPANY NUMBER.. 01214211 REGISTERED CHARITY NUMBER: 272712 Page I SWIM TOR UAY LID UNAUDITED PROFrr AND LOSS ACCOUNT FOR THE YEAR ENDED 31.10.21 31.10.21 31.10.20 NOTES Turnover 161559 146928 Cost of sales GROSS PROFIT ADMINISTRATIVE COSTS 1846 1074 159713 145854 257273 224940 -97560 -79086 Other operating income OPEIUiTtNG LOSS FOR THE YEAR Non trading income Profivloss on ordinary activities before taxation Losses brought fonvard Retained profits I loss carried forward 124442 109413 26882 30327 392 1290 27274 31617 22539 -9078 49813 22539 The company has neither aquired or commenced any new business activities in the year nor discontinued any 0￿ratiOnS and it has no recognised gains or losses other than the Prolitlloss for the year There is no material difference between the profil for this >'ear and the prior year as shown a￿ve and that on the historical cost basis The notes set out on pages 5 to 6 form an integral part of these accounts page 2 sw UAY BALANCE SHEET AT 3 1ST OCTOBER 2021 31.10.21 31.10.20 Note FIXED ASSETS 288776 308929 CURRENT ASSETS Siock 1630 1219 Debtors and prepayments Bank deposit Bank Fundrdising Deposit Bank current Cash in hand 15769 10000 60198 7893 l63 12430 i 0000 23613 18266 161 95653 65689 DEDucf Creditors and accruals Amounts due within l year Trade creditors Other creditors Loan Torbay Council 21556 5534 1500 15082 7818 1500 28590 24400 ET CURRENT ASSETS 67063 41289 LONG TERM LIABILITIES LA)an Torbay Council io -17250 -18750 JJ8i89 331468 Retained profits At 1st Novemb¢r. 2020 Syrplus for the year -9078 31617 22539 308929 27274 Revaluation reserve 288776 Carried forward 31.10.2021 338589 331468 Continued on page 4 page 3 SWIM TORQUAY LIMITED UNAUDITED BALANCE SHEET (continued from the previous page) In the directors, opinion for the financial vear ended 31" (kioEcr 2021 the company was entitled to exemoion under se¢tion 447 of the companies Act 2006 relaling to small companTes. No members have required the company to obtain an audil of its accounts for the year ended 31" (ktober 2021 in accordance with seclion 476 of the Companies Act 2006 The direthrs acknowledge their reswnsibility for complying with the requirements of the Au with respect to a￿unting records and for the p￿pa￿tIon of accounts. Thcs¢ accounts have been prepared in accord￿ with the provisions applicable to companies subjectto the sma]I companies, regime In the directo]s' opinion the company wa5 entitled under section 447(2) of the Companies Aet 2006 to exemption from the audil of its accounts for the year ended 31 st October 2021. The memixrs have not required the company to obtain an audit in accordance with section 476 of the Companies Act The directors and trustees acknowledge their reswn5ibility for. ensuring the company keeps accounting re¢oriLs which comply with the Companies Act 2(M)6 and preparing ac¢ounts which give a tnje and fair N'iew of the state of affai]3 of the company as at thc end of ihe financia] )ear. and of sts profit or loss for the financial year in accordance wilh the requirements of ihe releN"ant and i¥"hich other¥iise cornply with the requirements of the Companies Act relating to accounts so far as applicabl¢ to the company. The accounts have been prepared in accordance with the speci31 provisions in Part Vll of the Comp8nies Act 1985 relating to small companies. Approved by the board on 12104120?2 Director Th¢ notes on pages 5 to 6 forni an integrnl part of these accounts Page 4 SWIM TORQUAY LIMtTED NOTES TO THE ifNAUDITED AccouKrs FOR THE YEAR ENDED 31 ST ￿roBElL 2021 l. AccoiffflNG POLICIES a) Accounting Convention Thes¢ financial statements have been prepared under the historical cost convention. b) Depreciation Depreciation is ca]culated to write off the cost of tangible fixed assets in equal onnual instsllments over their useful lives as set out below:_ Leasehold Property 25 years, this being the remaining term of the lease Fixtures, Ftttings and Equipment 2￿/0 per annum. c) Stocks Stock8 atr stated at the lower of cost or nei realizable i'aluc 2. PROPERTY VALUATION The leasehold property was rcvalued in 201J ￿ the cosi of the major renovation work undertaken during the year. 3. TURNOVER Turnover represents the amount of taking5, EMy)kings and sales to CtLStomers during the year. 4. STAFF COSTS 2021 2020 Wages salaries Social security costs Pension c(k8ts Self employed teachers 173476 3594 2547 1250 154735 2741 2031 1538 18 161045 5 OPERATtNG LOSS I PROFIT This is stated after ¢harging Depr￿latIOn 20153 Page 5 swtm TOR UAY LIMITED NOTES TO THE UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 ST OCTOBER 2021 Fixtures. Fittin Land and Buildin 6 TANGIBLE FIXED ASSETS Total COSTIVALUATION At 1st NovembeT 2020 Renovation costs Less Grant Sport England At 31 st October 2021 35.139 500,000 -50,000 485.139 23,962 loo,000 -loo,000 23.962 59.101 600,000 -150.000 509.101 DEPRECIATION At 1st November 2020 Provision for the year At 31 st October 2021 176210 20153 196363 23962 200172 20153 220325 23962 NET BOOK VALUE At 1st November 2020 Depreciation for the y¢ar Balance at 31.10.2021 308929 20153 308929 20153 288.776 288,776 The Leasehold property was revalued in 2013 at the cost of the major renovation work undertaken during the year less the amount olthe grant received from Sport England. 2021 2020 7 DEBTORS Trade debtors Other debtors 6531 9238 15769 6580 5850 12430 8 BANK BALANCES 78091 51879 9 CREDITORS: amounts falling due within one year Trad¢ creditors Acc￿￿lS Other creditors LDan TBC 4674 16882 5534 1500 28590 7059 8023 7818 1500 24400 10 LOAN The long term loan of £30.000 from Torbay C£)uncil is repayable in equ￿ quarterly instalments. the final in5taiment being due on 1.4.2034 I I REVALUATION RESERVE Brought forward 01.11.2020 Depreciation for the year c￿Tled forward 308929 20153 288776 329082 20153 308929 3I.10.2021 Page 6 SWIM TOR UAY LTD UNAUDITED TIUDING & PROFIT & LOSS ACCOUNT Year ended Year ended 31.10.20 Y¢ar cndcd 31 st October 2021 31.10.21 INCOME Entrance Fecs.. Takings Parties Group lessons Individual lessons (including TTi&thlon} Oddicombe SC Torquay L¢ander SC Pool hire $Ch￿lS etc. 33356 250 37017 36019 5070 22074 25432 159218 27407 640 30067 22270 7371 20631 37249 145635 Sales - goggles, hats, badge% Certificates ¢t¢. Less eost of s&les Hairdryet3 Car park fees Vending Commission 2325 1846 1250 1074 479 16 392 176 43 463 827 147144 160105 Add Other Income: Bank interest received Grant Torbay Council HMRC- Furlough pay National Leisure Recovery Fund Restart Grant 27 25000 62995 23764 48940 13458 18000 264272 235166 FuNDRAIs￿G.. Awards for All (£IOOOO Sept 19 - Aug 20) Tesco (£2000 Oct 19-S¢pt 20) Coop M & G Jones Trust Legacy.. Torquay Leander Just Giving Sponsored Bik¢ ride Donations Donalion IVI Gift aid Dinnerlpig racing Active Devon Torbay Lottery Friends Sundry 3333 834 3923 5000 1000 935 1500 2000 1440 4384 915 586 50(M) 653 41M) 1561 240 34 1086 12 156 1098 576 20275 21391 Total Incom¢ ￿rIed forward 284547 256557 page 7 SWIM TOR UAY LTD UNAUDITED TRADING & PROFIT & LOSS AccouKr Year ended 31st October 2021 31.10.21 31.10.20 Totsl Income brought forward EXPENSES Rent Water 284547 256557 900 5902 10882 16819 1941 178320 2547 1086 7214 18681 1344 3470 658 2360 806 1297 1834 1212 900 5430 11496 17342 2325 159014 2031 359 7323 8401 1038 1763 877 2659 806 1316 1922 744 Electricity Chemicals Wages salaries & contract teachers Staff pension Staff training courscs Insurance Repairs & renewals Telephone and internet Stationery. advertising and office equipment BID Bank and card charges Loan interest Cleaning Waste disposal Sundry Net SUTpIu5 257273 224940 27.274 31,617 page 8 David J. Olding Accountant 71a Cadewell Lane Torquay TQ2 7HP Tel (01803) 614171 S￿m TOR UAY LIMITED ACCOUNTS FOR THE YEAR ENDED 31 ST OCTOBER 2021 In my opinion (a) the accounts of the company for the year ended 31 October, 2021 are in agreement with the ac¢ounting record5 kept by the company under section 221 of the Companies Act 1985. (b) having regard only to, and on the basis of, the infornmtion in those a¢countin8 records. those accounts bave been drawn up in a manner ￿nSiStellt with the provisions of the Act as specified in subsection (6) of section 249C, so far as applicable to the company. (c) having regard only to, and on the basis of, the infonnation in the accounting records, the company satisfied the requirements of section 249A(4). for the year ended 31° October 2021, and did not fall within s¢ction 249B(I)(a) to (fj at any time within that financiaI year. David J. Olding AccounL2nt Date". 22 March 2022 Page 9