Charity registration number 1086741 Company regSslratlon numljer 04192222 (England and Wale51 PELLS POOL COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
PELLS POOL COMMUNITY ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s Mrs S B Bayliss M5 S Riddell Ms W Older Ms M Aquilina Mr B H Bosence Ms R S Claridge MrRDam Mr M C Soudain Mr C Noel IAppolnt8d 19 June 20231 Socrotary Ms S Ridd811 Charlly numbèr 1086741 Company numbar 04192222 Reglgtered offlce Pall Pix>l Brook Str8el Lewes BN7 28A Independent examlner Knill Jam88 LLP One Bell Lane Lewes Easl Sussex BN7 1JU Bank•rs Bardays Bank Pl¢ The Old Bank High Street Lcwcs East SJ$sex BN72JP
PELLS POOL COMMUNITY ASSOCIATION CONTENTS Page Trustees. Ipport Ind8p8ndent exatnlner's report Stslemenl of financial activlties Balance sheet Noles lo the flnan¢lal 81al8m8nl8 7-15
PELLS POOL COMMUNITY ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 Irust88s pr8sent Ih8ir report and Iinanaal 51atement5 for th8 y8ar 8nded 31 Dec8mb8r 2023. The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note 1 to the fin8nci81 slatetnenls and cotnply wilh the charity's Metnorandum and Articles ol Associalion, the Companies Act 2006 and Accounting and Reporting by Charities." Statement of Recorntnended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard appllcable In the UK and Republic ol Iieland IFRS 1021" las amended lor accounting p8riods CDmmencing Irom 1 January 20161 Objectives and activitie Thè object ol lh8 charty is to provid6 or assist in th8 provision ol a swimming pool for the inhabilanls of the district of Lewes for recreational and olher18isure time occupation in the inter8sls ol their social welfare with the object of improving their conditions ol lile. The PPCA has built up a reputation for sound management and the partnership with Lewes Town Council has gr8atly benelited thousands of locals and visitors to Lewes who enjoy open air swimming. The trustees have paid due regard to guidance issued by the Chwily Commission in decidin9 what activities the charity should underlako lo providg a public b¥nofil, Achievom•nts and performanc We arg proud lo record thal our 2023 season al Pells Pool ran Irgtn 6 May unts'l Ihg end of NoVemrand was the lon9981 open season since PPGA took over the running ol the pool in 2001. Pells Pool is the oldest continuously open (since 18611 frgshwoler QUIdr pog1 In the UK lo Ihg bosl of our know19dge. The p¢oI remains popular wilh our10¢81 ¢ommunlty and visitors Irorn luriher afi&ld. Thtsre wore many happy swimmers 81 Pells Pool during the 2023 season. We have been pleas8d lo be a8 offer a wide variety of sessions throughout the season and swimmers report back re9iilarly that they hawe enjoyed the opportunity to swim at this historic and beautiful freshwater pool. For the first time In 2023, we hove employed three permanent members of staff Phil Fi8nsley remains in place ay our Pool Manao8r, and thank hi for his conlinuinq enthusiasm. dilio8nee and hard work havinfj overseen the pool through many seasons and changes and most notably ensLJring that the PDOI could continue to be open during the pandemic ytsars. Al the start ol last yaar, Leanne Lyndsell, who is a very exp&rnCed swimming 188ch6r and pool mdfidger was appoiiil¥LI Dupuly Mdiiager and Har¥t)y Gdrbull. who has work¥d at other local pools was appuinl8d Assislant Manager. We have been pleased to welcome back several longstanding Ille9uards and klosk staff from prevlous seasons as well as ernploying several new lilegu£rds. Leanne ran a sucsSful essential lifeguarding skills evening for trustees lo learn alongsid8 lil8guards lo b8tter understand Ih8ii rol8 and rgsponsibili118s, which was rnuch £ppreciat8d and which will b8 repeated annually. Leanne has also provided 5wimrning lesson5 to custorners jchildren and adult51 and she will continLJe lo offer trese in the coming se8son. We have held 5ever81 successful even15 during our 2023 season. These h8ve inr.liided thÉ summtrr sol*lir.@ swim In June which Is In¢r&asingly popular 8ath yttar, with Ilckéls sèlliw out quickly. This year the wgather was bpaijtiful and as the sun r05e, several swirnmprs la1er described the water as turning golden in the •arly morning light. In July wg hgld our first Summar Swimalong. This includod a barb8cu8 run by our trusl8•s, tho kiosk slaffed by our lifeguards and other team rn8tnbers. tnusic play8d by local rnusicians and a karaoke session. The Iick8ts sold out qLJickly, many families attended and It Wa5 a lovely day. We also held three midnight 5wms during the rnain $ummer season. In Autumn we hdd a furlher bonffire swirn on 5 NoY8mber w8 a130 ran a barbecu8 SO that swlmmers could 8njoy h(rt lood afler Ih8ir swin. During Ihe $8ason we w8lcorn8d 8arly morning 5W1rnrn8rs who often like 10 5Witn on their way lo work as well 85 other regular swimrners. Later in the day we provided a range of differenl swimming sessions including quieter rtrlaxed mid-morning sessions. lane swimming and family sessions in the afternoon. Thor8 ar& avening se55ions foi Ih05e who prefer to Swim after WDik or al the end ol the day. There are se55ion5 to cater for all. There have been yog8 sessions by Ihe pool during the summer se5%0n. Spver?I groups and individua15 have booked Ihe pcK)I for training sassions or birihday parliss and othgr cèlèbralions.
PELLS POOL COMMUNITY ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 pool 15 a valuab18 lsUre facility lor tnany p80pl8 as well as providing a vital venu8 to support the wellbeing and he8lth of the local ¢ornmunity. Swirnrners tell us Ihat they p8rti¢ularly appreciate the qualitrf of the waler. the peaceful nviionm8nl and the setting of th8 pool. We havo also given thought lo th8 non-wat8r-basèd aspects or the pool and vielcome pp18 who lSh lo just pop in for a chat al the ki05k or to buy a drink or snack even if th8y are not swirnming. Although there are other outdoor pools in the lo¢al area. Pells Pool remains popular and is an i¢onic and treasured pgrt of Lèw&s history lor many paopla whath$r they swim or noL Foundry Healthcarè has conlinLtsd to raler pa.nIS for wellbeing swim5, enabled by funding frorn lh8 Enjoolata Foundation. Over the last couple of years, we have introduced the planters along the flint wall, which artract bee5 and other insects and are popular with swimmers who often enjoy silb'ng near the plants lo dry off after IkBii switn. The ancient hornb8atn 1188s, which piovide welcotll8 shade on a hoi sufflttiei's day are part of an ongoing tree study to ensure their longevity. The paving of the side of the pool by the flint wall is now eornpleted. All side5 of the pool haije now be repaved In recent ye8r5. We have new chernic81 stDr8ge facilities. Another improvernent in 2023 aS the introduction ol a ramp near lo th8 sun terrac8 and charigiiig rooms to make thes& rnora aCC8ssible for all. We have received many enthusiastic and good reviews verbally and on variou8 social media ouuels frorn cuslorners throLJghout the 2023 season. We have listened careIlY to all feedback trom customers and always welcome suggestions for any lurth8r irnprovemenls whi¢h could be made. 11 is Important lo us lo ¢onlinu8 lo 8Th90 with our10¢81 communily as vie appreciate that we are only temporary custodians of this important pool and wish to eUre that il is maintained to th8 best standard possible so that it continues lo be well used and available for future genera'r)nS for mY years lo come. Ther8 will be changes when th8 new Human Nature dev8lopmenl is corrpleled over the coming year8 near lo lh8 pool. Trustees have priorilised ensuring that representations have been rnade on behalf ol the pool during 2023 as the planning gppIic8tion has prooressed to minimise os far as possible any significant ¢hanoe lo the beautiful environment in which the pool is situated whilst re¢ognising lh8 many posits've 8SP8CtS that the new developmenl is likely 10 bnng lo the town. I viould like to thank my fellow trustees for the lime, care and expertise they have given lo enable us to rnake represen181ions on behalf of the Pool during each stage DI the planning application by Human Nature. There habe been hundreds ol pages of plans and documents lo review lo 8nsure we have all had a clear understanding of Ilie polenli81 impact ol this new development lo be able lo rnake the necessary represenlalions. We are continuing to plan for updating our klosk 1o¢11111gs for the bengllt ol cuslomgrs whilsl prtrstrivlng its Icon1¢ and popular appeaiancg In Ihg ¢omlno y9ars, We wero very honovrod and graloful on b6half of Polls Pool to have rgeoivod a boqu861 ofjust ovor £30,000 from Jun¢ Eade, a local resident. who had been very fond of Pells Pool througioul her1rf8. This will be pul lo good use lor the benefit of wol users in thè years to com8. I h8ve very rnuch enjoyed rny first year as Chair of the current PPCA comtnittee which currently has nine trustees. I thank each of them lor their ojnsiderable effort5 and continued p8S5ion for the pool. Owing lo the many lacals of our roles as trusiees, we have gstablished vari?us sub-cgmmilteos to m8k ¢h$ most of gach Irustge's gyperiisg £nd ¥xperign¢e. All tru51ee5 are regular swimtners and have a mutual love of Ihe Pells. We all work logelher. having 8 respon8ibilily lo support Phil. Leanne, Harvey and the team in maintaining and running the pool throughout the seeson alongside plannirrfJ for the futurè of thè pool so that it can continuè to b8 ènjoyad by our community. I would like lo thank all stsff, tho Iruslegs and all the visitors lo the wol for another su¢¢essful season in 2023 and am very much looking forward lo the 2024 season and all Ihal il brings. Flnanclal revlgw 11 is the policy ol the charity th8t unrestricled funds which have not been design8led for a specific use should be maintalned al a level &qulvalenl lo between thr&& and six monih's exptrndlture, The Iiustees consider that res&rve$ al IhS8 level will ersure that. in the event ol a signrficanl drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. The Iiuste85 have assessed th8 rnajor risks to which the charity is trxposad. and are satisfi8d Ihal systèms aro In plac8 10 mltlgaie exSUre to the major rlshs.
PELLS POOL COMMUNITY ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure. 9ovemanc• and management The Pells Pool Community Associalion is a registered charity Iregislration number 10867411 and is constituted as a ty)mpany limitsd by guaranto0 Irègistralion numbor 41g22221. Its objoctivbs and powèrs aro ssl out in 118 Memorandum and Articles ol Associaiion. The Iruslees, who are also the dir6Ctors lor the purpose of company law. and *ho served during Ihe year wer8.. Ir R Back IRasigned 15 May 20231 Irs S B Bg51liss Dr J F McGowan MrRKRead Is S Riddfrll Is W Older NI5 H IKquilinu Nls S H Arch6r Ir B H Bosence Is R S Claridg8 IrRDam Nls S A Marks Ir M C Soudain Ir C No81 {Resigned 15 May 20231 (Resigned 4 Mar¢h 20231 {R8slgnad 6 February 20231 (Reslgned 4 March 20231 IAppoln18d 19 June 20231 Non8 ol th8 tiustees has any b8neficial interest in lh8 comp8ny, Al ol Ih? Iruslfjes are members ol Ihg company and guarantee to con¢rlbule £25 In the event ot a wlndlng up. Th& director$ of the company are thè charilrf8 Iruslè68, and thèy are known as the Board of Tru81ts86. Thè board comprises a minimum of 3 truste85. The mernbers ol the company can appoint new Iruslees. Tliere 110 GonneGled FliariliE5 or iolgled parti¢s. The Irusle&$' report Was approved by ihe Bo8rd of Trustees. MrRDam Trustee Dated.. 15 May 2024
PELLS POOL COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PELLS POOL COMMUNITY ASSOCIATION I report lo the tru5lee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 Pells Pool Cotnmunily Association Ilh8 charity) for the year ended 31 Decernber 2023 which are set out on pages 5 to 18. Ro$pon$lbllltl&$ and b¥sl$ of roport As Ihe trustoes ol tho charity land also its directors for the purposes of company lawl you aro responsibla for the pr8paration ol the financial statements in accordanc8 with the r8quirom8nt5 01 the Companies Act 2006 Ilhe 2006 Act). Having satisfied myselllhal Ihe financial slalemenls of the charily a not required Ir> be 8udiled undèr Part 16 rf the 2006 Ad and are eligible lor independent exarninalion, I report in respect of my examination of the charity's linanoal statements carried out under section 145 01 Charities Act 2011 Ilhe 2011 A¢tl. In carrying out my examination I have followed all the applicabl& 01r.n$ gDi¢n by Ihg Charity Commission undor Sec0n 1451511bl of Ihg 2011 Act. Ind•p•nd•nt •xamln•r's stat•m•nt Slnce th8 charlty'5 gross Incorne exceeded £250,000 your 8xarnln•r musl b8 a rn8mb8r ol a body Ilsl8d In s•ctSon 145 of th8 2011 Act. I confirm Ihal l am qualified to undertake the examination bécause l am a m8mb8r of th8 Institut8 of Chart8r8d Accounlants In England and Walès, which is one ol thè listed bc>diès. I have completed my examinalion. I confirm Ih8t no matters have Come lo my Otten'On in connection with the ex9minalion giving m6 caus8 to beli6ve that in any malarial r8specl'. 8¢counling records were not kept in respe¢l of the charity as requirèd by section 386 01 th¢ 2006 Act,. or the financial stalernent5 do not accord with those records., or the financial slalements do not comply with the accx)unting r8quirements ol section Jyb ol the 2UUb Act other than anj. requirement that the accounts give a true and lair wew which is nol a maller considered as part tsf an independent 8yamSn8llon', or the financial 5tatement5 have not been prepared in accordance with the melhods and principles of the Stslement of Recommended Pioclice lor e¢¢ounling and reporling by ¢horibes applicable lo chorilies preparing their o¢counls in accordance with the FinonrAal Reporting StBndord HppliBoble in the UK ond Republic ol Ireland IFRS 1021. I have no conc8ms and have comè across no othèr matters In conn8Ctlon wllh the examlnatlon to whleh attentlon should be rawn in this report in orcjgr to 8n8ble a proper understanding ol the fin8n¢i81 sialemenls to be re8¢hod. Knlll Jam•$ LLP Chart•r•d Aceountant Ona 8811 Lan9 Ltrwes East Su85ex BN7 1JU Dated,. 15 May 2024
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PELLS POOL COMMUNITY ASSOCIATION BALANCE SHEET AS A T 31 DECEMBER 2023 2023 2022 Not9¥ FlxÈd 8gse18 Tangib18 asse18 12 19,751 16,873 Currènt a88•t8 Stocks Debtors Cgsh al bank and in hand 13 14 3.687 2,281 273,557 9,385 3.994 220,352 279.525 233,731 Creditors: amounts falling due within one yèar 15 17.7031 17.9821 Net current assets 271,822 225.749 Total assets less current Ilabllltles 291,573 242.622 Th• fund8 of th• chadly Fteslricled income funds Unraslriclad funds- 9engral Unr8slrict•d lunds. d8signal8d 16 900 180,673 110,000 131,722 110,QYJO 291,573 242,622 Th8 company is enlilled lo the exemption from the audit requirem8nl contained in section 477 01 the Companies Act 2006, lor the year ended 31 De¢ernber 2023. Th8 dir•ctors acknowl&Yg• théir responsibi1th. lor complying with th8 requir8monts of th6 Companles Act 2006 wlth r8sp8cI lo aecounlng Mcords and th8 pr8parallon of Ilnandal stat8mènts. The members have not required the cornpany lo obtain an audit of its financi81 $18lemenls for the year In question in accordance wilh section 476. These financial 51alernenls have teen prepared in accordan with the provisions applicable lo cornpanies subject lo the small ¢ornpgnies re91ff. Thè financial statements were approved by the Iruslètrg on 15 May 2024 R Dam Tru8t•• Company registration number 04192222 (England and W81esl
PELLS POOL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Ac¢ountSng pollcle8 Ch8rity infowmation Pells Pool Comrnunity Association Is a prSvate company limltsd by guarante8 IncorForat8d in England and Wales, Th8 r8glsterod officè Is Pèll Pool, Brook Stre81, Ltrwe5, BN7 2BA. 1.1 Accounting conventlon Th& accounts have b88n prèpared in aecordanc6 with the charity's gOV8min9 doeum&nt, th& Companios Act 2006 and °Accounb'ng and Reporting by Charities.. Ststement of Recommended Practice applicable to charib'e5 preparing their accounts in accLYdance with the Financial Reporting Standard applicable in the UK and Reput4ic ol Ireland IFRS 10£) las amended lor accounting pèriods commèncing from 1 January 20161. Thè charltv is a Public B8n8lit Entity as dèfln&d by FRS 102. Thè charlly has taken advantage of Ihè provisions in thè SORP for charlliès applylng FRS 102 Update Bulletin 1 not lo prepare a Slalem8nt ol Cash Flows. Th8 Ilnancial slalements ar6 prepared In 51erllng, which15 tho luncllonal currency ol th8 charlty. Mon8lary amounts th8sa linanclal stAlem8ntS *8 round8d to thè n8ar8st £. The linan¢i81 stalements have been prepared under the histori¢al ¢ost Conven'0n. The principol acoounting policies adopl&d are s&1 out below, 1.2 Charitablè fund$ Unreslricled funds are available lor use at the discretion ol the trustees In furtherance ol their chantable obieclives. R•strfct•d lunds ar8 subj8Ct to specrflc conditlons by donors or grantors as to how thay may used. Tho purposés and LJSèS ol the r8strlcted funds arè s81 out In th8 notes to thè Ilnandal slatamènts. Endowment funds aro $uble¢t to specifi¢ condltions by donor$ that the Capital must bè malntslned by the ¢h8rfty. 1.3 Incorn• Incom& Is recognlsed when the charlty Is legally entlded 10 It after any performance condltlDns have been met, the arnounts can be measured reliably. and it is probable that incorne will be Ceived. Ca$h donation$ arè racognisad on r¥c81pI. Other donallon$ ar¥ rtrGognls¥d once tha charity ha¥ b¥•n noiifi¥d of tha donation, unless perforrnance cnndilions require deferral of the amount. Income tax recoverable in relation lo donations rgcelved under Glft Ald or degdj of wvgnonl l¥ r¢¢o9ni¥¥d Ot the tlm? of the donotlon. 1.4 Expenditure All expenditure is included on an 8¢¢wals basis and is recognised when there is a legal or constructive obligation to pay lor expenditure. All costs havo baen dirg¢lly aitribuled io one ol the fun¢lion¥l categories ol rosovrces expendgd in the S1atement of Financial ActivitieB. The charity IE not registered lor VAT and accordingly expendtture is shown groBS of VAT. Govem8nc& ¢0818 these compris6 all ¢ts involving th8 public accoun18bilily ol tha charity and ts ts)rnplian¢e wlh regulation and good practice.
PELLS POOL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounting policies Icontinutdl 1.5 Tangible fixéd assets Tangihle fixed assets are initially measured at cost end subsequenlly measured al cost or valuation, net ol depreciation and any impairm8nl10ssos. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over Iheir useful livas on Iho following ba66S'. Plant and rnachinery 20 /0 reducin9 balance and 33.33% straighl line Th8 gain or loss arislng on th• disposal of an ass8t Is determingd as Ihe diff&renc8 b•lwe8n th8 salè proc88ds and the C8rrying value of thg oaaet, and ia reGo9n139d In the 3tutvel ol IlnanGial uLtlviliv8. 1.6 Impalrmènt of flx•d assèts Al each reporting end date, the charlty revlews the c8rrying amounts of Its langible assets lo determlne whether there 15 any indication that those assets have suffered an irnpairmenl loss. 11 any such indication exists. the recoverable amount or tho asse¢ is esfjrnated in ord?r to delormlno the exlent of tho Impalrmgnt los$ lif any!. 1.7 St¢¢k$ Stocks aro slated al the lowér ol cost and 8slirnal8d s•lllng prlc818SS Costs to complet8 and s811. Cost comprlsas direct matAriAls And, whrA Ar>DlieahlA, dirAe.I lahnijr p.ost And Iho%a nvfirhfiHdA Ih8t hAva h8An inp.IirrAd in hringino trh stocks lo their pr8s8nt locatbn and condlllon. 118ms h8ld for dSslrlbulon al no or nomlnal consldorallon ar8 ni8asur8d tha Io¥v8r ol r8plac8m8nl Coil and cost. Nel realisable value is the estiated selling price less all eslirllaled c0515 01 cornplelion and co815 to be incurred in marketing. selling and distribution. 1.8 Cash and ca8h &quivalents Cash and ¢ash g]ulvalgnl$ In¢ludg ¢a$h In hond, deposlts hd¢J 91 call wth bank¥, olh9r $hort-1grm Ilquld Inv9Stmgnls with ori9inal maluriligs of three month5 orlgss, and bank overdr8fts. Bank overdraft5 are shown wilhin bE>rrowings in 1.9 Flnanclal Instrum•nts The charity h85 elected lo apply the provisions of Section 11 'B83ic Fin8n¢ial Instrumènts, and SÈ¢tion 12'01her Financial Instrurnents Issues, of FRS 102 to all of its financial instruments, Financial inslrurnenls are cognised in the ch8rily'5 balence Sheet when the charity becomes party to the contractuol provisions of the in5trumnl. Financi8185set5 and liabilitie5 are offset, with the nel amounts presented in the financial 5t8lernenls. when there 15 legally enforcoable right to sal off recognistrd amounts and thar8 is an inltrnlion lo sellle on a nel basis or io realistr the asset and seitle the Ilabllty slrnultaneously. Bask flnanclal assets Basic financial assets, which includ8 d8btors and cash and bank balanc8s, ar8 initiglly m8asur8d at transaction pric8 induding transaction costs and are subsequenlly carried at amortised cost using th& effective interest rnelhod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future reGeipts discounted 81 a rnarkel ralg of inler&sl. Financk41 assets classffjed as re¢eivabl8 wthin one y9ar are not amorti5ed.
PELLS POOL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounting policies Icontinutdl Basie financial lithbiliti&$ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri unless the arrangen)enl constitut$s a financing transaction, wh*ro the dobl instrumonl is measurgd al Ihe prèsènt value ol the future payments discounted at a market rate ol interest. Financial liat)ilities classified as payable within one year are amortised. Debt instruments are subsequently rarried al arnortised cost, using the effective interest rate methixj. Trade creditor$ ar8 obligations lo pay for goods or services Ihal have been acquired in the ordinary coursg ol operations from supplier5. Amounts payable are cbssified as current liabilities if payment Is due within one year or less. If not. they are piosonted as nonacurrcnl liabilitios. Trade creditors aro recognised initially at transaction piicc and subsequgnlly rveasured al amortisgd using tbg effgclive inlerest rnelhod. DwKognltlon of IlnanGlal Ilabllltles Financial li<ibilikn'es are derecognised when the ch8rSty's contractual obligation5 expire or 3re discharged or cancelled. 1.10 Rellrement beneflts Payiri¥rils lo d¥lned Contr1(10n r8tir8m8nl b•n8fit schèmas ar• charg&d as an •xp8nse as Ih8y fall duo, 1.11 A¢¢utT)ula¢èd funds Unreslri¢led funds- Unrestricted funds comprise those lunds whid) the tnJstees are Irtse to use for any purpose in furtheiance of tho charity's oblocls. Uni8stdct8d fund5 includ• dosignal•d funds wh8r8 the Iruslè85, at thar discr8tion. hav8 crèa18d a fund lor a sp8clflc purpos8. Fumher dèiails ol tach fund arè detailed in note 15. 1.12 D•btor8 Trade and oth•r debtors are r•cognised at the settlem8nt amount due after any trad8 discounts off8r8d. Pr8paym8nts are v8lued al the amount prepaid after iakinu account o18ny discounls due. 1.13 Cr•dltors Creditors with no stated interest rate and payable within one year are recorded at transaction price. Incom• from donatlong and 1ggacl•g Unr••triet•d funds 2023 Unr•8tri¢t•d funds 2022 Donations and grft3 32,806 5,187 Donatlons and gSfts Lega¢y Ollier 31.778 1,028 5,187 32,806 5,187
PELLS POOL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charltable actotIes 2023 2022 Grants rg¢&ivod Ancillary trading incorne 10,000 10.(K)O 98 10.000 10.(YJ8 In¢om• from othor tradlthg actlvltlès Unr•strict•d Unrestricted funds lunds 2023 2022 Activities lor g¢n8raling funds 256,691 216,375 Incom• from Invgstmonts Unr••tri¢t•d Unr•¥tri¢t•d lunds lunds 2023 2022 Interest CeiVable 1.990 210 Expendlture on ralslng funds Unr•$trS¢t•d Unr•sirl¢t•d funds lund8 2023 2022 Cost of gooth lor resal• Other trading activities 20,358 15,617 10-
PELLS POOL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expendltur6 on charStablo actlvltles VnrÈgtricted Unr•9trictèd funds lunds 2023 2022 Direct Costs Siaff costs DepreGiation and impairrnenl Staff training Rates Wal91 and bor8 hol8s fo88 Insurance El8ctrlcity, 11ght héat Repairs and maintenance Pool chemicals Motor expenses AQvetti$ln9 Cleaning Sundry Other charllable expèndllure 108.510 5,078 1,662 6,422 516 4.696 19.014 45,280 20.571 14 2,21 S 3,01 S 1,802 921 101.726 4.532 4,874 543 17,432 33.115 11,534 21 551 2.221 629 219.716 182,)6 Shar¢ of Support and gov•rnan¢tt ¢081818•t ntrte 81 Support Governance 10,206 2.256 9,706 1,755 232,178 Analysls by fund Unresliicied fund$- general 232.178 194.367 Support Costs 4llocat•d to aciivitl•8 Vnrestrlcted funds 21123 Total 2022 Printing. postage. siationery, telephone Bookeeping Bank and credit charge ch8rges Governance 1.214 4,350 4,642 2,256 1.537 4,525 3,644 1,755 12,462 11,461 11
PELLS POOL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support CO8t$ allocat to a¢tiviti¢$ Icontinutdl 2023 2022 Governance colts ¢ompri8e'. Indgpgndent exniners fee 2.256 1,755 2.258 1,755 Trust?eg Under th8 provis10ns of the governing document of the Gharily, I rusleg bally Webb was paid £4,J5U for book-keeping and payroll services. provided during the year12022- £4,5251. 3 ol th8 trust885 IOT any per50ns connected wrth them) received reitnbursemenl for expgnse5 incurred during the yeer" 2023.. £84512022.. None), 10 Employ84s Numb¢r of¢mploy•• As the pool is only opèn lor part ol tha y8ar thérè ai8 only Iwo full timè 8mployoe$. The charfly a180 gmployed 812022 81 part tlrn8 employ89s who undertake lif8gu8rd duty throughout th8 sea50n. Employment cos¢6 2023 2022 Wages and salarles Social security $tS Othor pension Gosts 104,166 1,807 2,537 97.248 2,637 1,843 108,510 101,726 Th&re were no employees whose> annual ernoluments were £80,000 or more. 11 Taxatlon The charity is exempt from tsxalion on its activities because all its incorne is applied for charitable purposes. 12-
PELLS POOL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Tanglble flxed assets Plgnt ond rnachln•ry Cost At 1 January 2023 Additlons 77,391 Al 31 December2023 85.347 Dgpreciation and impairm?nt At 1 January 2023 Depreciation ¢haigad in the year 60.518 5,078 At 31 December 2023 fj5.596 Carrylng amount At 31 DeGeniber 2023 Al 31 December 2022 16.873 13 Sto¢k$ 2023 2Q22 Flnlshèd goods and goods for rèsalè 3,687 9,385 14 D•btors 2023 2022 Amounts falling due within one year.. Prepayments and accrued income 2.281 15 Cr•dilor$'. amounts falling du• within ono y•ar 2023 2022 Other taxation and social security Trade Creditors Accruals and deferred income 2.857 2,567 2,479 5.207 1.969 7,703 7,982 13-
PELLS POOL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 R•strlcted funds The restrieted funds of the therity eornprise the unexpended bal8nces ol donotion$ and 9r8nts held on trust Subjeet to specific conditions by donori as to how Ihey rnay be used. At 1 JanuaryAt JI O袕mber 2023 2023 Swims lor wellbeing 900 Pr•vltsus y••r'. At 1 JanuaryAt 31 Dec•mbor 2022 2022 Swims for wellbeing 900 17 Unr•strlct•d fuTrd* The income funds of the charity include the following designated fund5 which have been set agde out ol unrestricted funds by the trustees lor spe¢ifi¢ purposos.. Al 1 January 2023 In¢omlng resources R¢sour¢o$ expended Tran$fors4t J1 Dgc•mbgr 2023 Seasonal fund Development fund General funds 100,OQO 10.000 21,722 100,QM)O 10,CQO 70,673 301,487 1252.5361 131,722 301,487 1252,5361 180,673 Prevlou5 year: At 1 January 2022 Incornlng resources Resourceg expended Trynsfers4t 31 December 2022 S8asonal fund Development fund Gener81 lunds 9.600 10,000 180,636 90,400 100,(X)O 10,rAIo 21,722 231,870 1209,9841 1180,8001 200.236 231.870 1209.9841 190,4001 131.722 14-
PELLS POOL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Unr•$tri¢tsd furnd8 Icontinutdl Se8$0n81 fund- The Income of the charity is dependent on good weather with this in mind. the trustees have designated £100,000 to a seasonal reserve lor such tirnes when the weather Is poor and extra funds are needed. Devebpmenl fund- Th8 Iruslees have deslgnal8d £10,000 lo a development fund whlch w511 cover such cost5 as extraordinary repairs and irnprovements lo the pool. 18 Anatysis of net assets between funds Unreglrlcted Unregtrlctsd fund$ fund$ 9gn$ral d•$lgnalod 2023 2023 Restrlcted funds Total 2023 2Q23 Fund balanc•8 at 31 D•e•mb•r 2023 ar• r•pr•s•nt•d by.. Tangible assets Current assetsl{Iiabilities1 19.751 160,922 19.751 271.822 110,000 180,673 110,000 900 291,573 Unrestrlcted Unrestrlcted funds funds g•neral do8igna¢od 2022 2022 Restrlcted funds Total 2022 2022 Fund balanc•s at 31 D•c•mbor 2022 ar• r•pro5ont•d by.. Tangible assets Current assetsl{Iiabilitiesl 16,873 114.849 16,873 225.749 110,000 900 131,722 110,000 900 242,622 19 Rolalod party tran$a¢tlon$ Other than Trustee Remuneration as disdosed seperately, there were no disclosable related party transBctions during th9 yoar12022- none), 15-
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