| CONTENTS | ||
|---|---|---|
| CHARITY INFORMATION | ||
| TRUSTEES' ANNUAL REPORT |
||
| INDEPENDENT | AUDITOR'S REPORT | 10 |
| CONSOLIDATED | STATEMENT OF FINANCIAL ACTIVITIES | 14 |
| CONSOLIDATED | BALANCE SHEET | 15 |
| CHARITY BALANCE SHEET | 16 | |
| CONSOLIDATED | CASH FLOW STATEMENT | 17 |
| NOTES TO THE | FINANCIAL STATEMENTS | 18 |
| MANAGEMENT | INFORMATION: CHARITY INCOME AND EXPENDITURE ACCOUNT |
28 |
| Company | Company | registration | registration | number | 03128079 | ||
|---|---|---|---|---|---|---|---|
| Charity | registration | number | 1052203 | ||||
| Trustees | and Directors | J Claridge (Chairman) |
|||||
| J Angrave | |||||||
| P Baker | |||||||
| C Billington-Wood | |||||||
| E Chadwick | |||||||
| TCoolican | |||||||
| P Eggleston | |||||||
| A Holding | |||||||
| CJames | |||||||
| RJones | |||||||
| D Rolley | |||||||
| N Stonebridge | |||||||
| Registered | Office and | Principal | Address | Sandford Parks Lido |
|||
| Keynsham Road |
|||||||
| Cheltenham | |||||||
| Glou ceste rs hire | |||||||
| GL53 7PU | |||||||
| Auditors | Kingscott Dix (Cheltenham) |
Ltd | |||||
| Malvern View Business Park |
|||||||
| Stella Way | |||||||
| Bishops Cleeve | |||||||
| Cheltenham | |||||||
| Gloucestershire | |||||||
| GL52 7DQ | |||||||
| Bankers | Barclays Bank Plc | ||||||
| 128 High Street | |||||||
| Cheltenham | |||||||
| Gloucesters hire | |||||||
| GL50 1EL | |||||||
| Solicitors | Charles Russell Speechlys |
LLP | |||||
| Compass House |
|||||||
| Lypiatt Road | |||||||
| Cheltenham | |||||||
| Gloucestershire | |||||||
| GL50 2QJ |
| Elected | Trustees: | J Claridge | (Chairman) | (Chairman) | |||
|---|---|---|---|---|---|---|---|
| J Angrave | (appointed | 10January | 2023) | ||||
| P Baker | (appointed | 6September 2022) | |||||
| C Billington-Wood | |||||||
| E Chadwick | |||||||
| A Cherrington | (resigned | 6September | 2022) | ||||
| TCoolican | (appointed | 19January | 2022) | ||||
| P Eggleston | (Treasurer) | ||||||
| W Flynn | (resigned | 6September | 2022) | ||||
| A Holding | |||||||
| CJames | |||||||
| RJones (Vice Chair) | |||||||
| N Morton | (resigned | 6September | 2022) | ||||
| D Rolley | |||||||
| N Stonebridge | (appointed | 10January | 2023) |
| CONSOLIDATED STATEMENT OF FINANCIAL |
CONSOLIDATED STATEMENT OF FINANCIAL |
CONSOLIDATED STATEMENT OF FINANCIAL |
ACTIVITIES | |||
|---|---|---|---|---|---|---|
| (Including Income and Expenditure |
Account) | |||||
| 2022 | 2022 | 2022 | 2021 | |||
| 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 |
894,678 | 894,678 | 675,083 | |||
| Income from other trading activities: | ||||||
| Commercial trading operations |
373,435 | 373,435 | 335,001 | |||
| Donations and grants |
13,963 | 13,963 | 261,518 | |||
| Interest received | ||||||
| TOTAL INCOME | 1,296,708 | 1,282,076 | 1,271,607 | |||
| EXPENDITURE | ||||||
| Expenditure on charitable activities: |
||||||
| Operation ofSandford Lido |
859,879 | 859,879 | 598,220 | |||
| Expenditure on raising funds: |
||||||
| Commercial trading operations |
44,509 | 44,509 | 57,209 | |||
| TOTAL EXPENDITURE | 904,388 | 904,388 | 655,429 | |||
| NET INCOME / (EXPENDITURE) | 377,688 | 377,688 | 616,178 | |||
| Transfers between funds |
||||||
| NET MOVEMENT IN FUNDS |
10 | 377,688 | 377,688 | 616,178 | ||
| TOTAL FUNDS BROUGHT FORWARD | 17 | 917,930 | 917,930 | 301,752 | ||
| TOTAL FUNDS CARRIED FORWARD | 17 | 1,295,618 | 1,295,618 | 917,930 |
| CONSOLIDATED BALANCE |
SHEET | |||
|---|---|---|---|---|
| (Company number: 03128079) |
||||
| 2022 | 2021 | |||
| Note | Group | Group | ||
| f | f | |||
| FIXED ASSETS | ||||
| Tangible assets | 12 | 86,088 | 65,961 | |
| Investments | 13 | |||
| 86,088 | 65,961 | |||
| CURRENT ASSETS | ||||
| Debtors | 14 | 20,741 | 1,726 | |
| Cash at bank and in hand | 15 | 1,236,687 | 909,933 | |
| 1,257,428 | 911,659 | |||
| CURRENT LIABILITIES | ||||
| Creditors due within one | year | 16 | 47,898 | 59,690 |
| 47,898 | 59,690 | |||
| Net current assets | 1,209,530 | 851,969 | ||
| Total assets less current | liabilities | 1,295,618 | 917,930 | |
| NET ASSETS | 1,295,618 | 917,930 | ||
| FUNDS | ||||
| Unrestricted funds |
615,618 | 237,930 | ||
| Designated funds |
680,000 | 680,000 | ||
| Restricted funds | ||||
| TOTAL FUNDS | 17 | 1,295,618 | 917,930 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | Charity | Charity | ||
| f | f | |||
| FIXED ASSETS | ||||
| Tangible assets | 12 | 86,088 | 35,544 | |
| Investments | 13 | 100 | 100 | |
| 86,188 | 35,644 | |||
| CURRENT ASSETS | ||||
| Debtors | 14 | 375,014 | 237,820 | |
| Cash at bank and in hand | 15 | 860,882 | 684,759 | |
| 1,235,896 | 922,579 | |||
| CURRENT LIABILITIES | ||||
| Creditors due within one | year | 16 | 26,466 | 40,293 |
| 26,466 | 40,293 | |||
| Net current assets | 1,209,430 | 882,286 | ||
| Tota I assets less current |
liabilities | 1,295,618 | 917,930 | |
| NET ASSETS | 1,295,618 | 917,930 | ||
| FUNDS | ||||
| Unrestricted funds |
615,618 | 237,930 | ||
| Designated funds |
680,000 | 680,000 | ||
| Restricted funds | ||||
| TOTAL FUNDS | 17 | 1,295,618 | 917,930 |
| CONSOLIDATED CASH FLOW STATEMENT |
CONSOLIDATED CASH FLOW STATEMENT |
CONSOLIDATED CASH FLOW STATEMENT |
|||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Note | Group | Group | |||
| f | f | ||||
| CASH FLOWS FROM OPERATING | ACTIVITES | ||||
| Net movement in funds |
377,688 | 616,178 | |||
| Depreciation charge |
12 | 23,430 | 19,331 | ||
| Profit on asset disposals | |||||
| Interest income | (5) | ||||
| 401,118 | 635,504 | ||||
| (Increase) / decrease in stock |
4,181 | ||||
| (Increase) / decrease in debtors |
14 | (19,015) | (1,726) | ||
| Increase/(decrease) in creditors |
16 | (11,792) | (131,470) | ||
| Net cash provided by operating |
activities | 370,311 | 502,308 | ||
| CASH FLOWS FROM INVESTING | ACTIVITES | ||||
| Interest income | |||||
| Purchase oftangible fixed assets | 12 | (43,557) | |||
| Proceeds from sale oftangible fixed assets |
|||||
| Net cash used in investing activities |
(43,557) | ||||
| Change in cash and equivalents |
for the year | 326,754 | 502,313 | ||
| Cash and equivalents at the beginning |
ofthe year | 909,933 | 407,620 | ||
| CASH AND EQUIVALENTS AT THE END | OF THE YEAR | 15 | 1,236,687 | 909,933 |
| Income from charitable activities |
||
|---|---|---|
| 2022 | 2021 | |
| Group | Group | |
| f | f | |
| Admission fees |
382,833 | 298,479 |
| Season tickets | 335,360 | 278,699 |
| Rental income | 21,490 | 8,729 |
| Private hire | 50,220 | 41,106 |
| Event income | 58,672 | 3,822 |
| Otherincome | 46,103 | 85,354 |
| 894,678 | 675,083 | |
| Income from other trading activities | ||
| 2022 | 2021 | |
| Group | Group | |
| f | f | |
| Car parking receipts | 370,402 | 317,019 |
| Cafe income | 3,033 | 17,982 |
| 373,435 | 335,001 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Direct | Staff | Support | Group | Group | ||
| Costs | Costs | Costs | Total | Total | ||
| f | f | f | f | f | ||
| Charitable activities |
||||||
| Staff costs | 407,224 | 407,224 | 285,461 | |||
| Pool running | costs | 94,190 | 94,190 | 38,942 | ||
| Maintenance | 98,855 | 98,855 | 93,998 | |||
| Water and utilities | 131,044 | 131,044 | 99,568 | |||
| Support costs | 111,102 | 111,102 | 68,355 | |||
| Depreciation | 17,464 | 17,464 | 11,896 | |||
| 324,089 | 407,224 | 128,566 | 859,879 | 598,220 | ||
| Raising funds | ||||||
| Staff costs | 1,574 | 1,574 | 11,511 | |||
| Cafe purchases | 502 | 502 | 6,926 | |||
| Support costs | 36,467 | 36,467 | 31,337 | |||
| Depreciation | 5,966 | 5,966 | 7,435 | |||
| 502 | 1,574 | 42,433 | 44,509 | 57,209 | ||
| Total 2022 | 324,591 | 408,798 | 170,999 | 904,388 | ||
| Total 2021 | 239,434 | 296,972 | 119,023 | 655,429 |
| 2022 | 2022 | 2021 | 2021 | ||
|---|---|---|---|---|---|
| Restricted | Unrestricted | Restricted | Unrestricted | ||
| f | f | f | f | ||
| Charitable | activities | 859,879 | 598,220 | ||
| Raising funds | 44,509 | 57,209 | |||
| 904,388 | 655,429 |
| Staff costs | ||||
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| Group | Group | Charity | Charity | |
| f | f | f | E | |
| Wages and salaries | 387,336 | 283,760 | 385,762 | 272,343 |
| Social security costs | 16,920 | 9,832 | 16,920 | 9,738 |
| Pension contributions | 4,542 | 3,380 | 4,542 | 3,380 |
| 408,798 | 296,972 | 407,224 | 285,461 |
| 2022 | 2021 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Group | Group | Charity | Charity | ||||
| No. | No. | No. | No. | ||||
| Operating | services | 44 | 39 | 44 | 31 | ||
| Management | and | administration | 6 | 6 | 6 | 6 | |
| 50 | 45 | 50 | 37 |
| Movement in funds |
||||
|---|---|---|---|---|
| stated after charging: | 2022 | 2021 | ||
| Group | Group | |||
| f | ||||
| Depreciation | 23,430 | 19,331 | ||
| Auditor remuneration: | group audit services | 3,000 | 3,000 | |
| Auditor remuneration: | subsidiary | audit services | 2,000 | 2,000 |
| Auditor remuneration: | other services | 2,902 | 3,760 |
| GROUP | Leasehold | Poolside | Office Lother | ||
|---|---|---|---|---|---|
| improvements | equipment | equipment | Total | ||
| f | f | f | f | ||
| Cost | |||||
| At 1November | 2021 | 911,869 | 205,925 | 118,329 | 1,236,123 |
| Additions | 37,686 | 5,871 | 43,557 | ||
| Disposals | |||||
| Transfer | 24,451 | (63,198) | (38,747) | ||
| At 31October 2022 | 911,869 | 268,062 | 61,002 | 1,240,933 | |
| Depreciation | |||||
| At 1November | 2021 | 911,869 | 178,779 | 79,514 | 1,170,162 |
| Charge for year | 14,833 | 8,597 | 23,430 | ||
| Eliminated on disposals |
|||||
| Transfer | (38,747) | (38,747) | |||
| At 31October 2022 | 911,869 | 193,612 | 49,364 | 1,154,845 | |
| Net book value | |||||
| At 1November | 2021 | 27,146 | 38,815 | 65,961 | |
| At 31October 2022 | 74,450 | 11,638 | 86,088 | ||
| CHARITY | Leasehold | Poolside | Office &other | ||
| improvements | equipment | equipment | Total | ||
| f | f | f | f | ||
| Cost | |||||
| At 1November | 2021 | 911,869 | 205,925 | 55,131 | 1,172,925 |
| Additions | 62,137 | 5,871 | 68,008 | ||
| Disposals | |||||
| At 31October 2022 | 911,869 | 268,062 | 61,002 | 1,240,933 | |
| Depreciation | |||||
| At 1November | 2021 | 911,869 | 178,779 | 46,733 | 1,137,381 |
| Charge for year | 14,833 | 2,631 | 17,464 | ||
| Eliminated on disposals |
|||||
| At 31October 2022 | 911,869 | 193,612 | 49,364 | 1,154,845 | |
| Net book value | |||||
| At 1November | 2021 | 27,146 | 8,398 | 35,544 | |
| At 31October 2022 | 74,450 | 11,638 | 86,088 |
| 13 | Investments | Investments | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||
| Group f |
Group f |
Charity f |
Charity f |
|||
| Unlisted | investments | 100 | 100 | |||
| 100 | 100 |
| 2022 | 2021 | ||
|---|---|---|---|
| f | f | ||
| Turnover | 366,242 | 335,001 | |
| Cost ofsales | (2,076) | (18,437) | |
| Gross profit | 364,166 | 316,564 | |
| Administrative | expenses | (47,433) | (43,772) |
| Other operating | income | 7,193 | |
| Profit before taxation | 323,926 | 272,792 | |
| Taxation | |||
| Profit after taxation | 323,926 | 272,792 | |
| Gift aid distribution | (323,926) | (272,792) | |
| Retained profit |
for the year |
| 2022 | 2022 | 2021 | ||
|---|---|---|---|---|
| f | f | |||
| Fixed assets | 30,417 | |||
| Current assets | 390 | 496 | 225 174 | |
| Current liabilities |
(390396) | (255491) | ||
| Net assets | 100 | 100 | ||
| Share capital | 100 | 100 | ||
| Reserves | ||||
| Shareholders' | funds | 100 | 100 |
| 14 | Debtors | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| Group f |
Group f |
Charity f |
Charity f |
||
| Trade debtors | 2,748 | 1,726 | 65 | 1,726 | |
| Other debtors and prepayments | 17,993 | 5,985 | |||
| Amounts due from group companies |
368,964 | 236,094 | |||
| 20,741 | 1,726 | 375,014 | 237,820 | ||
| 15 | Cash at bank and in hand | ||||
| 2022 | 2021 | 2022 | 2021 | ||
| Group | Group | Charity | Charity | ||
| f | f | f | f | ||
| Cash at bank | 1,236,687 | 908,233 | 860,882 | 683,059 | |
| Cash in hand | 1,700 | 1,700 | |||
| Cash and equivalents | 1,236,687 | 909,933 | 860,882 | 684,759 | |
| 16 | Creditors | ||||
| 2022 | 2021 | 2022 | 2021 | ||
| Group f |
Group f |
Charity f |
Charity f |
||
| Trade creditors | 8,798 | 12,490 | 8,125 | 12,016 | |
| Other creditors and accruals | 23,422 | 38,603 | 18,341 | 25,625 | |
| Other taxes and social security | 15,678 | 8,597 | 2,652 | ||
| Bank loans | |||||
| 47,898 | 59,690 | 26,466 | 40,293 |
| 17 | Group funds | |||||||
|---|---|---|---|---|---|---|---|---|
| Current year: | 1 Nov 2021 | Income | Expenditure | Transfers | 31Oct 2022 | |||
| f | E | f | f | |||||
| Unrestricted funds |
||||||||
| General | 237,930 | 1,237,567 | (904,388) | 615,618 | ||||
| Designated | 680,000 | 680,000 | ||||||
| Total unrestricted | funds | 917,930 | 1,237,567 | (904,388) | 1,295,618 | |||
| Restricted funds | ||||||||
| Total restricted | funds | |||||||
| Total funds | 917,930 | 1,237,567 | (904,388) | 1,295,618 | ||||
| Previous year: | 1Nov 2020 | Income | Expenditure | Transfers | 31Oct 2021 | |||
| f | f | f | E | E | ||||
| Unrestricted funds |
||||||||
| General funds | 1,752 | 1,271,607 | (655,429) | (380,000) | 237,930 | |||
| Designated funds |
300,000 | 380,000 | 680,000 | |||||
| Total unrestricted | funds | 301,752 | 1,271,607 | (655,429) | 917,930 | |||
| Restricted funds | ||||||||
| Total restricted | funds | |||||||
| Total funds | 301,752 | 1,271,607 | (655,429) | 917,930 |
| Current | year: | Unrestricted | Restricted | Total |
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| f | f | f | ||
| Tangible | fixed assets | 86,088 | 86,088 | |
| Current | assets | 1,257,428 | 1,257,428 | |
| Current | liabilities | (47,898) | (47,898) | |
| 1,295,618 | 1,295,618 | |||
| Previous | year: | Unrestricted | Restricted | Total |
| Funds | Funds | Funds | ||
| f | f | f | ||
| Tangible | fixed assets | 65,961 | 65,961 | |
| Current | assets | 911,659 | 911,659 | |
| Current | liabilities | (59,690) | (59,690) | |
| 917,930 | 917,930 |
| 2022 | 2021 | ||
|---|---|---|---|
| Charity | Charity | ||
| f | f | ||
| INCOME | |||
| Admission fees |
377,674 | 298,479 | |
| Season tickets | 335,360 | 278,699 | |
| Shop sales | 14,464 | 8,308 | |
| Hire of pool facilities | 50,220 | 41,106 | |
| Other | 1,850 | ||
| Total income | 777,718 | 628,442 | |
| EXPENDITURE (see | overleaf) | (859,879) | (598,220) |
| OPERATING SURPLUS / (DEFICIT) | (82,161) | 30,222 | |
| OTHER INCOME | |||
| Gift aid distribution | from subsidiary | 323,926 | 272,792 |
| Occupation license |
charged to subsidiary | 5,000 | 5,000 |
| Rental income | 18,750 | 8,729 | |
| Donations | 9,729 | 181,388 | |
| Grants | 4,234 | 80,130 | |
| Events and courses | 93,051 | 37,912 | |
| Bank interest | 5 | ||
| Total other income | 454,690 | 585,956 | |
| TOTAL SURPLUS / (DEFICIT) | 372,529 | 616,178 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Charity | Charity | ||||
| E | f | ||||
| EXPENDITURE | |||||
| Wages and salaries | 407,224 | 285,461 | |||
| Training | 7,552 | 6,831 | |||
| Shop purchases | 13,728 | 3,268 | |||
| Chemicals | 59,819 | 29,664 | |||
| Water | 40,888 | 24,690 | |||
| Gas | 46,462 | 38,114 | |||
| E Iectri city | 41,286 | 35,963 | |||
| General rates |
2,408 | 801 | |||
| Insurances | 10,118 | 9,721 | |||
| Building, pool and |
equipment | repairs | 75,290 | 69,084 | |
| Event costs | 15,769 | 1,099 | |||
| Advertising and public |
relations | 5,363 | 820 | ||
| Ground maintenance |
11,085 | 12,585 | |||
| Cleaning, waste and sanitary | 4,584 | ||||
| Postage and telephone | 1,407 | 2,042 | |||
| Stationary | 1,489 | 4,160 | |||
| Accountancy and audit |
fees | 4,980 | 5,940 | ||
| Bank charges | 39,555 | 25,007 | |||
| Medical supplies | 3,300 | ||||
| Subscriptions | 3,977 | 4,034 | |||
| Sundry expenses | 13,211 | 16,397 | |||
| Website, software | and | IT | 9,841 | 2,281 | |
| Uniform and clothing |
3,166 | 1,348 | |||
| DBScosts | 1,217 | ||||
| Professional fees |
18,696 | 7,014 | |||
| Depreciation of fixed assets |
17,464 | 11,896 | |||
| Total expenditure | 859,879 | 598,220 |