**REGISTERED CHARITY NUMBER: 282020**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 JULY 2023**
## **FOR**
## **ENGLISH SCHOOLS SWIMMING ASSOCIATION**
Killicks Limited 35/37 Kingsway Kirkby in Ashfield Nottinghamshire NG17 7DR
**ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|11|
|**Detailed Statement of Financial Activities**|12|to|13|
## **ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 JULY 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
The trustees have had due regard to guidance published by the Charity Commission on public benefit.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The object of the Association is the advancement of physical education of schoolchildren through the medium of swimming, life-saving, diving, water polo and artistic swimming. In furtherance of these objects, the Association:
- (a) promotes and organises contests, conducts tests and makes awards: and
- (b) promotes the provision of proper facilities for swimming, life-saving, diving, water polo and artistic swimming.
## **Significant activities**
The English Schools Swimming Association continues to work closely with the Swim England, the National Council for School Sports and the , Swimming Advisory Group. Members of Council have continued to attend meetings with Swim England and NCSS..
## **Volunteers**
The charity has a number of volunteers who give up much of their time to help run events each year.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The Association were able to send a team to the ISF Gymnasiade in Brazil. This year Para events were included in the event and the ESSA sent a strong Para team.
During this time we have made regular contact with Swim England and the grant we receive from them has allowed the ESSA to retain our charitable activities.
Our investments have also continued to remain relatively stable during these difficult times and we remain in a solid position. We must again thank the Hon. Treasurer, our Accountant and our Investment Adviser who, through our regular contact offers us sound advice.
We will continue to act with prudency and careful planning and ensure we undertake good governance of the Association.
## **FINANCIAL REVIEW**
## **Reserves policy**
The trustees endeavour to maximise their reserves in order to ensure that its activities continue into the future.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
The charity has appointed Claire Turner, Hon. Gen.Secretary of The ESSA and John Stiven (former Hon Gen Secretary) as Chair of the Trustees).The charity co-opts individuals with relevant experience onto Council where appropriate.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
282020
Page 1
**ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023**
## **Principal address**
Mulina Pyrford Woods Pyrford Woking GU22 8QT
## **Trustees**
J Stiven J Bedford Mrs M Bracey Mrs C Turner (appointed 20.1.2023)
## **Independent Examiner**
Killicks Limited 35/37 Kingsway Kirkby in Ashfield Nottinghamshire NG17 7DR
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ J Stiven - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **Independent examiner's report to the trustees of English Schools Swimming Association**
I report to the charity trustees on my examination of the accounts of English Schools Swimming Association (the Trust) for the year ended 31 July 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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. accounting records were not kept in respect of the Trust as required by Section 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.
M. Stafford FCA FCCA
Killicks Limited 35/37 Kingsway Kirkby in Ashfield Nottinghamshire NG17 7DR
Date: .............................................
Page 3
## **ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023**
|**2023**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**-**
**Charitable activities**
5
General
**223,092**
Other trading activities
3
**26,743**
Investment income
4
**3,122**
Other income
**-**
**Total**
**252,957**
**EXPENDITURE ON**
Raising funds
6
**12,872**
**Charitable activities**
General
**217,401**
Other
**21,391**
**Total**
**251,664**
Net gains/(losses) on investments
**3,885**
**NET INCOME/(EXPENDITURE)**
**5,178**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**247,610**
**TOTAL FUNDS CARRIED FORWARD**
**252,788**|2022
Total
funds
£
448
101,193
17,168
2,137
40
120,986
16,993
161,216
17,597
195,806
(16,848)
(91,668)
339,278
247,610|
|---|---|
The notes form part of these financial statements
Page 4
## **ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **BALANCE SHEET**
## **31 JULY 2023**
|**2023**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
8
**-**
Investments
9
**172,955**
**172,955**
**CURRENT ASSETS**
Stocks
10
**12,650**
Debtors
11
**2,884**
Cash at bank
**67,569**
**83,103**
**CREDITORS**
Amounts falling due within one year
12
**(3,270)**
**NET CURRENT ASSETS**
**79,833**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**252,788**
**NET ASSETS**
**252,788**
**FUNDS**
13
Unrestricted funds
**252,788**
**TOTAL FUNDS**
**252,788**|2022
Total
funds
£
154
197,280
197,434
7,481
3,719
42,656
53,856
(3,680)
50,176
247,610
247,610
247,610
247,610|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. J Stiven - Trustee
The notes form part of these financial statements
Page 5
**ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The financial statements are drawn up using the going concern basis. However, in the present difficult economic climate, it is difficult to gauge the level of incoming resources for a period of more than one year. The trustees have no reason to believe however that funding will cease and, indeed, the level of reserves held at the balance-sheet date are more than adequate to keep the charity running.
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment
- 33% on cost
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
## **ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **1. ACCOUNTING POLICIES - continued**
## **Investments**
Investments (listed) are shown at their market values at the balance sheet date. Any increase or decrease in value from one year to the next is taken to accumulated funds.
## **2. DONATIONS AND LEGACIES**
|Donations
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
**4.**
**INVESTMENT INCOME**
Dividends received
Bank interest
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Internationals
Divisional championships
Primary teams
Secondary teams
ASA Grants
Water Polo
Diving
Duke of Cambridge W/P|**2023**
2022
**£**
£
**-**
448
**2023**
2022
**£**
£
**26,743**
17,168
**2023**
2022
**£**
£
**2,913**
2,125
**209**
12
**3,122**
2,137
**2023**
2022
Total
General
activities
**£**
£
**69,482**
**13,900**
**22,886**
**18,772**
**6,300**
**5,120**
**6,410**
**9,948**
**100,147**
**46,907**
**16,128**
**5,254**
**1,739**
**-**
**-**
**1,292**
**223,092**
**101,193**|
|---|---|
continued...
Page 7
**ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **6. RAISING FUNDS**
## **Investment management costs**
|**Investment management costs**|||
|---|---|---|
||**2023**|2022|
||**£**|£|
|Portfolio management|**2,733**|3,371|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.
## **Trustees' expenses**
Expenses of £7,889 (2022: £4,116) were paid to two trustees during the year in respect of running costs incurred on behalf of the charity.
## **8. TANGIBLE FIXED ASSETS**
|**TANGIBLE FIXED ASSETS**||
|---|---|
||Computer|
||equipment|
||£|
|**COST**||
|At 1 August 2022 and 31 July 2023|**463**|
|**DEPRECIATION**||
|At 1 August 2022|**309**|
|Charge for year|**154**|
|At 31 July 2023|**463**|
|**NET BOOK VALUE**||
|At 31 July 2023|**-**|
|At 31 July 2022|154|
|**FIXED ASSET INVESTMENTS**||
||Listed|
||investments|
||£|
|**MARKET VALUE**||
|At 1 August 2022|**197,280**|
|Additions|**138,320**|
|Disposals|**(166,530)**|
|Changes in market value|**3,885**|
|At 31 July 2023|**172,955**|
|**NET BOOK VALUE**||
|At 31 July 2023|**172,955**|
|At 31 July 2022|197,280|
## **9. FIXED ASSET INVESTMENTS**
There were no investment assets outside the UK.
continued...
Page 8
## **ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **9. FIXED ASSET INVESTMENTS - continued**
Cost or valuation at 31 July 2023 is represented by:
|||||||**Listed**|
|---|---|---|---|---|---|---|
|||||||**investments**|
|||||||**£**|
||Valuation in 2023|||||**172,955**|
|**10.**|**STOCKS**||||||
||||||**2023**|2022|
||||||**£**|£|
||Stocks||||**12,650**|7,481|
|**11.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||
||||||**2023**|2022|
||||||**£**|£|
||Prepayments and accrued income||||**2,884**|3,719|
|**12.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**||**YEAR**||||
||||||**2023**|2022|
||||||**£**|£|
||Accrued expenses||||**3,270**|3,680|
|**13.**|**MOVEMENT IN FUNDS**||||||
||||||Net||
||||||movement|At|
||||At|1.8.22|in funds|31.7.23|
|||||£|£|£|
||**Unrestricted funds**||||||
||General fund||**247,610**||**5,178**|**252,788**|
||**TOTAL FUNDS**||**247,610**||**5,178**|**252,788**|
||Net movement in funds, included in the above are as follows:||||||
|||Incoming|Resources||Gains and|Movement|
|||resources|expended||losses|in funds|
|||£||£|£|£|
||**Unrestricted funds**||||||
||General fund|**252,957**|**(251,664)**||**3,885**|**5,178**|
||**TOTAL FUNDS**|**252,957**|**(251,664)**||**3,885**|**5,178**|
continued...
Page 9
## **ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **13. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.8.21|in funds|31.7.22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|339,278|(91,668)|247,610|
|**TOTAL FUNDS**|339,278|(91,668)|247,610|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|120,986|(195,806)|(16,848)|(91,668)|
|**TOTAL FUNDS**|120,986|(195,806)|(16,848)|(91,668)|
|A current year 12 months and prior year 12 months combined position is as follows:|||||
||||Net||
||||movement|At|
|||At 1.8.21|in funds|31.7.23|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund||339,278|(86,490)|252,788|
|**TOTAL FUNDS**||339,278|(86,490)|252,788|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|373,943|(447,470)|(12,963)|(86,490)|
|**TOTAL FUNDS**|373,943|(447,470)|(12,963)|(86,490)|
continued...
Page 10
**ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 July 2023.
Page 11
## **ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Fundraising events
**Investment income**
Dividends received
Bank interest
**Charitable activities**
Internationals
Divisional championships
Primary teams
Secondary teams
ASA Grants
Water Polo
Diving
Duke of Cambridge W/P
**Other income**
Sundry income
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Goods presented at Championships
**Investment management costs**
Portfolio management
**Charitable activities**
Awards to divisions
Divisional championships
Internationals
Primary teams
Secondary teams
Water Polo
Carried forward|2023
£
**-**
**26,743**
**2,913**
**209**
**3,122**
**69,482**
**22,886**
**6,300**
**6,410**
**100,147**
**16,128**
**1,739**
**-**
**223,092**
**-**
**252,957**
**10,139**
**2,733**
**-**
**52,853**
**65,401**
**17,876**
**25,635**
**5,314**
**167,079**|2022
£
448
17,168
2,125
12|
|---|---|---|
|||2,137
13,900
18,772
5,120
9,948
46,907
5,254
-
1,292|
|||101,193
40|
|||120,986
13,622
3,371
8,000
58,693
19,331
15,090
24,429
7,266
132,809|
This page does not form part of the statutory financial statements
Page 12
## **ENGLISH SCHOOLS SWIMMING ASSOCIATION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023**
|**Charitable activities**
Brought forward
Diving
Duke of Cambridge W/P
Medals, shields etc.
Donations
Fundraising expenses
**Support costs**
**Management**
Affiliations and subscriptions
Delegates' expenses
Promotion and publicity
Trustees' expenses
Miscellaneous
Independent Examiner's fees
Insurance
Computer equipment
Total resources expended
**Net income/(expenditure) before gains and**
**losses**
**Recognised gains (losses)**
Gains/(losses) on fixed asset investments
**Net income/(expenditure)**|2023
£
**167,079**
**20,319**
**-**
**12,511**
**966**
**10,139**
**211,014**
**500**
**1,850**
**592**
**3,945**
**7,146**
**2,220**
**11,371**
**154**
**27,778**
**251,664**
**1,293**
**3,885**
**5,178**|2022
£
132,809
-
2,807
3,538
216
13,622
152,992
475
2,320
52
2,698
7,228
2,040
10,854
154
25,821
195,806
(74,820)
(16,848)
(91,668)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 13