West Leigh Swim School Limited - Charities report - 20.1.6

REGISTERED COMPANY NUMBER: 05337304 (England and Wales)

REGISTERED CHARITY NUMBER: 1164477

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

FOR

WEST LEIGH SWIM SCHOOL LIMITED

Page

Report of the Trustees

1

Independent Examiner's Report

2

Statement of Financial Activities

3

Balance Sheet

4

to

5

Notes to the Financial Statements

6

to

11

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with

the financial statements of the charity for the year ended 31 August 2020. 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by

guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05337304 (England and Wales)

Registered Charity number

1164477

Registered office

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

Trustees

Mrs C Woolf

Mrs A L Halls

Mrs K Packer

Company Secretary

Mrs C Woolf

Independent Examiner

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

Approved by order of the board of trustees on 26 October 2020 and signed on its behalf by:

Mrs C Woolf - Trustee

Independent examiner's report to the trustees of West Leigh Swim School Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020.

Responsibilities and basis of report

As the charity's 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 with 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 charity's accounts as carried

out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the

Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the

examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

C Spencer

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

27 October 2020

2020

2019

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Other trading activities

2

88,873

132,389

Investment income

3

8

15

Total

88,881

132,404

EXPENDITURE ON

Raising funds

89,817

132,364

NET INCOME/(EXPENDITURE)

(936

)

40

RECONCILIATION OF FUNDS

Total funds brought forward

11,045

11,005

TOTAL FUNDS CARRIED FORWARD

10,109

11,045

2020

2019

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

8

811

587

CURRENT ASSETS

Stocks

9

3,441

5,710

Debtors

10

997

781

Cash at bank and in hand

8,737

19,064

13,175

25,555

CREDITORS

Amounts falling due within one year

11

(3,877

)

(15,097

)

NET CURRENT ASSETS

9,298

10,458

TOTAL ASSETS LESS CURRENT LIABILITIES

10,109

11,045

NET ASSETS

10,109

11,045

FUNDS

12

Unrestricted funds

10,109

11,045

TOTAL FUNDS

10,109

11,045

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that 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 charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26 October 2020 and were signed on its behalf by:

C Woolf - Trustee

A L Halls - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost

convention.

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.

Fixtures and fittings

-

25% on reducing balance

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 corporation 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis

over the period of the lease.

2.	OTHER TRADING ACTIVITIES

2020

2019

£

£

Contracts

87,868

130,130

Sale of drinks and snacks

81

75

Sale of hats and badges

924

2,184

88,873

132,389

3.	INVESTMENT INCOME

2020

2019

£

£

Deposit account interest

8

15

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2020

2019

£

£

Depreciation - owned assets

347

234

Other operating leases

32,000

52,000

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended

31 August 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended

31 August 2019.

6.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2020

2019

Administrators

1

1

Teachers

7

8

Lifeguards

3

4

11

13

No employees received emoluments in excess of £60,000.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Other trading activities

132,389

Investment income

15

Total

132,404

EXPENDITURE ON

Raising funds

132,364

NET INCOME

40

RECONCILIATION OF FUNDS

Total funds brought forward

11,005

TOTAL FUNDS CARRIED FORWARD

11,045

8.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2019

14,995

345

15,340

Additions

571

-

571

At 31 August 2020

15,566

345

15,911

DEPRECIATION

At 1 September 2019

14,638

115

14,753

Charge for year

232

115

347

At 31 August 2020

14,870

230

15,100

NET BOOK VALUE

At 31 August 2020

696

115

811

At 31 August 2019

357

230

587

9.

STOCKS

2020

2019

£

£

Stocks

3,441

5,710

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

216

-

Prepayments

781

781

997

781

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

800

12,847

Accrued expenses

3,077

2,250

3,877

15,097

12.	MOVEMENT IN FUNDS

Net

movement

At

At 1.9.19

in funds

31.8.20

£

£

£

Unrestricted funds

General fund

11,045

(936

)

10,109

TOTAL FUNDS

11,045

(936

)

10,109

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

88,881

(89,817

)

(936

)

TOTAL FUNDS

88,881

(89,817

)

(936

)

Comparatives for movement in funds

Net

movement

At

At 1.9.18

in funds

31.8.19

£

£

£

Unrestricted funds

General fund

11,005

40

11,045

TOTAL FUNDS

11,005

40

11,045

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

132,404

(132,364

)

40

TOTAL FUNDS

132,404

(132,364

)

40

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.9.18

in funds

31.8.20

£

£

£

Unrestricted funds

General fund

11,005

(896

)

10,109

TOTAL FUNDS

11,005

(896

)

10,109

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are

as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

221,285

(222,181

)

(896

)

TOTAL FUNDS

221,285

(222,181

)

(896

)

13.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2020.