2020-10-31-accounts - Cheltenham Lido Limited

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CHARITY INFORMATION	CHARITY INFORMATION
TRUSTEES' ANNUAL REPORT
INDEPENDENT	AUDITOR'5 REPORT	10
CONSOLIDATED	STATEMENT OF FINANCIAL ACTIVITIES	12
CONSOLIDATED	BALANCE SHEET
CHARITY BALANCE SHEET		14
CONSOLIDATED	CASH FLOW STATEMENT	15
NOTES TO THE	FINANCIAL STATEMENTS	16
MANAGEMENT	INFORMATION: CHARITY INCOME AND EXPENDITURE ACCOUNT	26

Company	registration		number	03128079
Charity registration		number		1052203
Trustees and Directors				J Claridge (Chairman)
				C Billington-Wood
				E Chadwick
				A Cherrington
				P Eggleston
				A Holding
				CJames
				RJones
				N Morton
				D Rolley
Registered	Office and		Principal Address	Sandford Parks Lido
				Keynsham Road
				Cheltenham
				Gloucesters hire
				GL53 7PU
Auditors				Kingscott Dix (Cheltenham)	Ltd
				Malvern View Business Park
				Stella Way
				Bishops Cleeve
				Cheltenham
				Gloucestershire
				GL52 7DQ
Bankers				Barclays Bank Pic
				128 High Street
				Cheltenham
				G lou ceste rs hire
				GL50 1EL
Solicitors				Charles Russell Speechlys	LLP
				Compass House
				Lypiatt Road
				Cheltenham
				Gloucestershire
				GLSO 2CU

J Claridge (Chairman)
C Billington-Wood
E Chadwick
A Cherrington
P Eggleston (Treasurer)	(Appointed	1April 2021)
A Holding
CJames
RJones (Vice Chair)
N Morton
D Rolley	(Appointed	8 September 2020)

		2020	2020	2020	2019
		Group	Group	Group	Group
		Unrestricted	Restricted	Total	Total
	Note	Funds	Funds	Funds	Funds
		f	f	f	f
INCOME
Income from charitable activities:
Operation ofSandford Lido		214,482		214,482	725,057
Income from other trading activities:
Commercial trading operations		269,586		269,586	531,077
Donations		90,402		90,402	794
Interest received
TOTAL INCOME		574,470		574,470	1,256,928
EXPENDITURE
Expenditure on charitable activities:
Operation ofSandford Lido		777,121		777,121	1,052,017
Expenditure on raising funds:
Commercial trading operations		84,312		84,312	274,264
TOTAL EXPENDITURE		861,433		861,433	1,326,281
NET INCOME / (EXPENDITURE)		(286,963)		(286,963)	(69,353)
Transfers between funds
NET MOVEMENT IN FUNDS	10	(286,963)		(286,963)	(69,353)
TOTAL FUNDS BROUGHT FORWARD	17	588,715		588,715	658,068
TOTAL FUNDS CARRIED FORWARD	17	301,752		301,752	588,715

CONSOLIDATED BALANCE	CONSOLIDATED BALANCE	SHEET
(Company number:	03128079)
				2020	2019
			Note	Group	Group
				E	f
FIXEDASSETS
Tangible assets			12	85,292	100,570
Investments			13
				85,292	100,570
CURRENT ASSETS
Stock					4,181
Debtors			14		23,104
Cash at bank and	in hand		15	407,620	543,256
				407,620	570,541
CURRENT LIABILITIES
Creditors due within one		year	16	191,160	82,396
				191,160	82,396
Net current assets				216,460	488,145
Total assets less current		liabilities		301,752	588,715
NET ASSETS				301,752	588,715
FUNDS
Unrestricted funds				1,752	188,715
Designated funds				300,000	400,000
Restricted funds
TOTAL FUNDS			17	301,752	588,715

CHARITY BALANCE SHEET
(Company number: 03128079)
			2020	2019
		Note	Group	Group
			f	f
FIXEDASSETS
Tangible assets		12	47,441	62,761
Investments		13	100	100
			47,541	62,861
CURRENT ASSETS
Stock				908
Debtors		14	303,386	320,152
Cash at bank and in hand		15	128,063	247,022
			431,449	568,082
CURRENT LIABILITIES
Creditors due within one	year	16	177,238	42,228
			177,238	42,228
Net current assets			254,211	525,854
Total assets less current	liabilities		301,752	588,715
NET ASSETS			301,752	588,715
FUNDS
Unrestricted funds			1,752	188,715
Designated funds			300,000	400,000
Restricted funds
TOTAL FUNDS		17	301,752	588,715

						2020	2019
					Note	Group	Group
						f	f
corn
CASH FLOWS FROM	OPERATING		ACTIVITES
Net movement in funds						(286,963)	(69,353)
Depreciation charge						25,077	30,452
Profit on asset disposals
Inte rest in e
						(261,886)	(38,901)
(Increase) /decrease	in stock					4,181	624
(Increase) /decrease	in debtors				14	23,104	16,984
Increase / (decrease)	in creditors				16	108,764	(87,593)
Net cash provided by operating			activities			(125,837)	(108,886)
CASH FLOWS FROM	INVESTING		ACTIVITES
Interest income
Purchase oftangible	fixed assets				12	(9,799)	(65,626)
Proceeds from sale oftangible		fixed assets
Net cash used in investing activities						(9,799)	(65,626)
Change in cash and	equivalents		for the year			(135,636)	(174,512)
Cash and equivalents	at the beginning			ofthe year		543,256	717,768
CASH AND EQUIVALENTS AT THE END				OF THE YEAR		407,620	543,256

Income from charitable activities
	2020	2019
	Group	Group
	E
Admission fees	127,888	274,869
Season tickets	51,373	284,788
Rental income		9,122
Eventincome	22,903	49,891
Other income	12,318	106,387
	214,482	725,057
Income from other trading activities
	2020	2019
	Group	Group
	f	f
Car parking receipts	260,096	269,349
Cafe income	9,490	261,728
	269,586	531,077

Total expendi	ture
					2020	2019
		Direct	Staff	Support	Group	Group
		Costs	Costs	Costs	Total	Total
		f	f	f	f	f
Charitable activities
Staff costs			241,450		241,450	395,433
Pool running	costs	28,808			28,808	114,062
Maintenance		306,687			306,687	298,584
Water and utilities		82,252			82,252	149,822
Support costs				102,104	102,104	72,878
Depreciation				15,820	15,820	21,238
		417,747	241,450	117,924	777,121	1,052,017
Raising funds
Staff costs			6,107		6,107	117,697
Cafe purchases		7,610			7,610	86,997
Support costs				61,338	61,338	60,356
Depreciation				9,257	9,257	9,214
		7,610	6,107	70,595	84,312	274,264
Total 2020		425,357	247,557	188,519	861,433
Total 2019		649,465	513,130	163,686		1,326,281

		2020	2020	2019	2019
		Restricted	Unrestricted	Restricted	Unrestricted
		f	f	f	f
Charitable	activities		777,121		1,052,017
Raising funds			84,312		274,264
			861,433		1,326,281

8	Staff costs
					2020	2019		2020	2019
				Group		Group		Charity	Charity
					f	f		f	f
	Wages and salaries			223,606		485,878	218,158		374,969
	Social security	costs		20,004		22,890		19,303	17,015
	Pension contributions			3,947		4,362		3,989	3,449
				247,557		513,130	241,450		395,433
Staff costs include f79,775ofCoronavirus				Job Retention	Scheme	grants. No	employees	were paid in excess o
f60,000 during the		current or previous year.
9	Staff numbers
The	average number	of employees	during	the year was:
					2020	2019		2020	2019
				Group		Group		Charity	Charity
					No.	No.		No.	No.
	Operating services				52	57		32	43
	Management	and administration			6	6		6	6
					58	63		38	49

10		Movement	in funds
This	is	stated after	charging:		2020	2019
					Group	Group
					f	f
		Depreciation			25,077	30,452
		Auditors remuneration:		external audit	4,200	4,200
		Auditors remuneration:		other services	4,998	5,376

GROUP		Leasehold	Poolside	Office &other
		improvements f	equipment f	equipment E	Total f
Cost
At 1November	2019	911,869	205,925	108,530	1,226,324
Additions				9,798	9,798
Disposals
At 31October 2020		911,869	205,925	118,329	1,236,123
Depreciation
At 1November	2019	911,869	157,662	56,223	1,125,754
Charge for year			12,067	13,010	25,077
Eliminated on disposals
At 31October 2020		911,869	169,729	69,233	1,150,831
Net book value
At 1November	2019		48,263	52,307	100,570
At 31October 2020			36,196	49,096	85,292
CHARITY		Leasehold	Poolside	Office &other
		improvements	equipment	equipment	Total
		E	f	f	f
Cost
At 1November	2019	911,869	205,925	54,632	1,172,426
Additions				499	499
Disposals
At 31October 2020		911,869	205,925	55,131	1,172,925
Depreciation
At 1November	2019	911,869	157,662	40,134	1,109,665
Charge for year			12,067	3,753	15,820
Eliminated on disposals
At 31October 2020		911,869	169,729	43,887	1,125,485
Net book value
At 1November	2019		48,263	14,498	62,761
At 31October 2020			48,263	11,244	47,440

Investments	Investments
		2020	2019	2020	2019
		Group	Group	Charity	Charity
		f	f	f	f
Unlisted	investments			100	100
				100	100

			2020	2019
			f	f
Turnover			269,586	531,077
Cost ofsales			(31,090)	(228,784)
Gross profit			238,496	302,293
Administrative	expenses		(79,912)	(60,370)
Profit before taxation			158,584	241,923
Taxation
Profit after taxation			158,584	241,923
Gift aid distribution			(158,584)	(241,923)
Retained profit for the year
October 2020,	Sandford	Parks Lido (Trading)	Limited had the following assets and liabilities:
			2020	2019
			f	f
Fixed assets			37,852	37,810
Current assets			279,557	319,157
Current liabilities			(317,752)	(356,867)
Net assets			100	100
Share capital			100	100
Reserves
Shareholders'	funds			100

14	Debtors	Debtors
			2020	2019	2020	2019
			Group	Group	Charity	Charity
			f	f	f	f
	Trade	debtors		18,342
	Other	debtors and prepayments		4,762		3,454
	Amounts due from group companies				303,386	316,698
				23,104	303,386	320,152
15	Cash	at bank and in hand
			2020	2019	2020	2019
			Group	Group	Charity	Charity
			f	f	f	f
	Cash	at bank	404,419	539,656	124,862	243,422
	Cash	in hand	3,201	3,600	3,201	3,600
	Cash	and equivalents	407,620	543,256	128,063	247,022
16	Creditors
			2020	2019	2020	2019
			Group	Group	Charity	Charity
			f	f	f	f
	Trade	creditors	26,694	28,844	26,181	26,474
	Other	creditors and accruals	106,516	23,328	96,779	11,308
	Other	taxes and socia I security	7,950	30,224	4,278	4,446
	Bank	loans	50,000		50,000
			191,160	82,396	177,238	42,228

Group funds
Current year:			1Nov 2019	Income	Expenditure	Transfers	31Oct 2020
			f	f	f	f	f
Unrestricted funds
General			188,715	574,470	(861,433)	100,000	1,752
Designated			400,000			(100,000)	300,000
Total unrestricted		funds	588,715	574,470	(861,433)		301,752
Restricted funds
Total restricted	funds
Total funds			588,715	574,470	(861,433)		301,752
Previous year:			1Nov 2018	Income	Expenditure	Transfers	31Oct 2019
			f	f	f	f	f
Unrestricted funds
General funds			178,068	1,256,928	(1,326,281)	80,000	188,715
Designated funds			480,000			(80,000)	400,000
Total unrestricted		funds	658,068	1,256,928	(1,326,281)		588,715
Restricted funds
Total restricted	funds
Total funds			658,068	1,256,928	(1,326,281)		588,715

Current	year:	Unrestricted	Restricted	Total
		Funds	Funds	Funds
		f	f
Tangible	fixed assets	85,292		85,292
Current	assets	407,620		407,620
Current	liabilities	(191,160)		(191,160)
		301,172		301,172
Previous	year:	Unrestricted	Restricted	Total
		Funds	Funds	Funds
		f	f
Tangible	fixed assets	100,570		100,570
Current	assets	570,541		570,541
Current	liabilities	(82,396)		(82,396)
		588,715		588,715

		2020	2019
		Charity	Charity
			f
INCOME
Admission fees		127,888	274,869
Season tickets		51,373	284,788
Shop sales			6,671
Hire of pool facilities		12,268	43,220
Other		10,635
Tota I income		202,164	609,548
EXPENDITURE (see overleaf)		(761,431)	(1,048,127)
OPERATING SURPLUS / (DEFICIT)		(559,267)	(438,579)
OTHER INCOME
Gift aid distribution	from subsidiary	158,584	241,924
Occupation license charged to subsidiary		11,000	11,000
Rental income			9,122
Donations		40,402	794
Grants		50,000
Events and courses		12,318	106,387
Bank interest
Total other income		272,304	369,227
TOTAL SURPLUS / (DEFICIT)		(286,963)	(69,352)

					2020	2019
					Charity	Charity
					f	E
EXPENDITURE
Wages and salaries					241,450	395,433
Training					3,331	7,815
Recruitment					40	40
Shop purchases					667	5,535
Chemicals					11,076	27,842
Security and	cash handling					769
Water					34,585	35,564
Gas					21,248	69,197
Electricity					24,734	40,407
General rates					1,685	4,654
Insurances					8,797	10,536
Building, pool and		equipment		repairs	300,925	285,825
Event costs					567	49,976
Advertising and public			relations		7,502	8,921
Ground maintenance					5,762	12,759
Cleaning, waste and sanitary					3,657	10,965
Postage and	telephone				4,823	4,901
Stationary					2,497	6,590
Accountancy	and audit		fees		8,729	8,583
Bank charges					27,369	8,638
Medical supplies					2,442	840
Subscriptions					2,185	1,667
Travelling					304	147
Sundry expenses					4,754	3,833
Website, software		and	IT		3,405	6,360
Uniform and	clothing				2,981	5,344
DBScosts					1,544	1,451
Professional	fees				8,957	12,297
Compensation					9,595
Depreciation	of fixed assets				15,820	21,238
Total expenditure					761,431	1,048,127