Charity registration number 1091478 Company registratlon number 04203203 (England and Wales) ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ARUNDEL AND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) LEGALAND ADMINISTRATIVE INFORMATION Trustees Ms Ruth Kerslake C Gardner J Wlliams E Penn H Andersson S Sampson (Appointed 19 October 2023) Charity number 1091478 Company number 04203203 Reglsterod officè Arundel Lido Queen Street West Sussex Arundel BN18 9JG Independent examlner Dawd Knight FCA CTA Carpenter Box Piper House 4 Dukes Court Bognor Road Chichester Wesl Sussex P019 8FX Bankers Natsyest Bank 154 The Street Rustingion Littlehampton BN16 3DA
ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees, report Independent examinerfs report Slalement of financial activities Balance sheet Notes to the financial statements 7-18
ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Truslee5 present their annual report and finanaal statements for the year ended 31 March 2024. The financial slalements have been prepared in accordance wtth the accounting policies set out in note 1 to the financial statements and comply with the Trust's Memorandum and Artides of Association. the Companies Act 2006 and 'Accounting and Reporting by Charrties= Statement of Recommended Practi applicable to Gharitie5 preparing their accounts in acwrdance with the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (as amended for accounting periods commenang from 1 January 2019) Obje¢tives and actlvities The Trust's objects are to provide a swimming pool and other recreational facilities for the community of, and visitors lo, Arundel. The Trust aims Ihrough the provision of a swimming pool and other recreational facilities lo improve conditions of life, particularly for those who are disadvantaged by reasons of their youth. age, disability or social economic ¢ir¢umstances, and preserve the communty's lido heritage. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake. Achievements and perfomiance Arundel Lido has had a financial year that met the Trust's expedalions and achieved an increase on ils income from charitable activities when Compared with the previous year. As in previous years the Trust is heavily relianl on the contribution it receives from its wholly owned subsidiary company. ACT Services Ltd. The income from the adIanI car park is essential and without it the Lido could not have offered the range and quality of activities which tl provided to the local communty and visitors lo the town during the year. The introduction of Gold 'season ticket, Memberships in the previous financial year proved very popular with the local community. The resulling increase in income from this source has continued and contributed significantly to the overall income from swim sales. The provision of Cold Water Swims, to take place when the Lido would otherwise be dosed for swimming, was introduced on a trial basis in Autumn 2023. Cold Water Swims are a niche area but have attracted regular participants and, based on the take up achieved. it is hoped to make this a regular feature of the Lido calendar. The Trust's arrangemenl with local schools has resulted in eleven sch¢Jols using Arundel Lido for its pupils, swim lessons with excellent feedback on the quality of service provided. Income from Ihis source has increased from that achieved in the previous year. During this financial year a grant of £15,000 has been secured from Arun District Council towards improving the energy efficiency of the Baby Pool. atthough the benefits of this grant will not be seen until Ihe next financial year when the new pool cover will be in place. Achieving greater energy efficiency at the Lido sile is one of Ihe Trusl's key objectives. This arises not just from our commitment to improving the environment but also from the need lo mitigale Ihe impact of rising energy costs. The Trust is grateful to Sport England for awarding a substantial grant of £97.000 to address this issue through a new and improved cover for the Main Pool and solar panels to reduce our costs for electricity. Although awarded in this financial year, the improvements will be implemented during the next financial year. The main challenge facing the Trust is the quality of the buildings which il inherited when il took over the site in 2002. Although incremental improvements are made each year, only of the buildings, Ihe plant room and the reception block, are of an acceptable build qualty- The toilet blocks are particulady poor and only so much can be achieved Ihrough redecoration. The Lido now offers actiwlies on site throughout the year. In addition to the swim and fftness activilies. the popular Elevenses Club. which is aimed at older residents and is dementia friendly, continues to thrive. The marquee which it operates from is, however, in urgent need of replament wilh a more substantial building. It is hoped that a combinalion of financial support from local councils together with successfvl grant applications and the Trust's own fundraising efforls will enable this to be achieved wtthin the near future.
ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnancial review In purely operational terms. despite the constraints of COVID. there was a small enfkof-year surplus. The Lido Infrastructure Reserve was retained at £128.095. This resenie is set aside to guard against the costs of major replacement items andlor any losses incurred as a result of exceptionally poor summer weather conditions. Reserves Pollcy Arundel and Downland Community and Leisure Trust held free reserves of £184.389 at 31 March 2024. The table below details how this figure is calculated. Balance 31 March 2024 2023 Total charity funds Less.. restricted funds Less,. net book value tangible fixed assels (see note 20) Less.. other designated funds (see note 20) £593.602 £28,400 £548.479 £0 £155,980 £224,833 £169.263 £217,402 Free reserves £184,389 £161,814 Designated funds represent amounts which the Trustees have sel aside lo ensure that services can continue lo run. Wilhin designated funds a fundional fixed assets fund is induded, which represents assets used to further the charity's aims on an ongoing basis. This fund is shown separatety within the table above for clarity. Plans for future periods Our primary plan for Ihe next few years is to restore the financial stability of the Lido in a post-COVlD era. We shall, however. draw up a forward development plan in the next year or 0. Structurè, governance and management The Trust is a company limited by guarantee. set up on 20 April 2001 and is a registered charity. The company is managed by the directors. who are also the trustees and who are elected and co-opted under the lerms of the Memorandurn and Articles ofAssoeiation. The Trustees. who are also the directors for the Purpose of company law. and who served during the year and up to the date of signature of the finanrial statements were.. D Wood Ms Ruth Kerslake C Gardner J Williams E Penn H Andersson S Sampson (Resigned 25 September 2023) (Appointed 19 October 2023) Regular efforts are made lo recruit new Associales. wrlh a vwi to their becoming fijll TrusteelDirectors in due course. There is cuentlY one Associate Trustee. Trustees are formally appointedlre-appointed al the Annual General Meeting each year. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute such amount as may be required not exceeding £5 in the evenl of a winding up.
ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The full Trust Board meets quartedy (in January. April. July and Odober) to decide upon strategic matters and key issues. Some Trustees have specific roles. The Trust Management Team (comprising 213 Trustees) meets. with the Lido Manager, fortnightly in the Wnler, bul weekly in the Summer Swim Season. The Lido Manager is the only full-time employee. She recruits some 30 part-time staff {Duty Managers. Lifeguards, Receptionists. Shop and Kitchen slaffj for the Summer Swim Season each year. The Trustees. report was approved by the Board of Trustees. Ms Ruth Kerslake Trustee Dated. ..S.-.rt...&.£t...
ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST I report lo the Trustees on my examination of the financial 51atements of Arundel and Downland Community Leisure Trust {Ihe Trust) for the year ended 31 March 2024. Responslbillties and basls of report As the Trustees of the Trust {and also rts directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies AGI 2006 {Ihe 2006 Act). Having satisfied myself that the ffinancial statements of the Trust 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 the Trust's financial statements Carried out under section 145 of Ihe Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Diredions given by the Charity Commission under section 145(51{b) of the 2011 Act. Independent oxaminerfs statement Since the Trust's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. l confirm that l am qualified to undertake the examinatson because l am a m8mber of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 386 of the 2006 A¢l'. or the financial statements do nol accord wrth Ihose records- or the financial slalements 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 vthich is not a matter considered as part of an independent examination., or the financial slalemenls 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 Finanaal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concems and have come across no olher matters in Connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial slalements to be reached. David Knighl FCA CTA Carpenter Box Piper House 4 Dukes Court Bognor Road Chichester West Sussex P019 8FX
ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unreslricted funds 2023 2024 Notes Income and ondowments from: Donations and legacies Charitable activities Investments Income Irom trading subsidiaries 21,086 285,185 4,140 97,248 28.400 49,486 285,185 4,140 97,248 25,378 239,500 1,547 89,307 Total Income 407,659 28,400 436,059 355,732 enditure on: Charitable activrties 390.936 390.936 325,642 Net income for the yèarl Net movement In funds 16.723 28,400 45,123 30,090 Fund balances al 1 April 2023 548.479 548,479 518,389 Fund balances at 31 March 2024 565,202 28.400 593,602 548,479 The statement of financial activities includes all gains and losses recognised in the year. All income and expendTture derive from continuing activities. The statement of financial activrties also complies with the quirementS for an income and expenditure accounl under the Companies Act 2006.
ARUNDEL AND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets Investments 13 14 180,274 169.263 180.275 169,264 Current assèts Stocks Debtors Cash at bank and in hand 15 16 2,429 131,536 312.549 92,440 320,296 446.514 412,736 Creditors: amounts falllng due withln one year 17 (33.18n (33.5211 Net current assets 413.327 379,215 Totsl assets less current liabilities 593.602 548,479 Net assgts excluding pension liability 593,602 548,479 The funds of the Trust Restricted income funds Unreslricled funds 19 28,400 565,202 548,479 593.602 548,479 The company is enlilled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for comptying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial staternenls. The members have not required Ihe company to obtain an audit of its financial slalements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject lo Ihe small ¢ompanies regime. The finanual statements were approved by the Trustees on ... . Ms Ruth Kerslake Trustee Company registralion number 04203203 (England and Wales)
ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcies Charity inforniation Arundel and Downland Communty Leisure Trust is a private company limrted by guarantee incorporated in England and Wales. The registered office isArundel Lido, Queen Slreel, West Sussex, Arundel. BN18 9JG. 1.1 Accountlng convention The financial slalemenls have been prepared in accordance wrth the Trusl's Memorandum and Articles of Association, the Companies Act 2006 and "Accounts'ng and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financia5 Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" (as amended for accounting periods commencing from 1 January 2019). The Trust is a Public Benefit Entity as defined by FRS 102. The Trust has laken advantage oflhe provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Slalement of Cash Flows. The financial slatemenls are prepared in sterling, which is the functional currency of Ihe Trust. Monetary amounts in these financial statements are rounded to the nearesl £. The financial statements have been prepared under the historical cost convention. The principal a¢¢ounling polie$ adopted are set out below. 1.2 Golng concem Al the lime of approving the financial statements. the Trustees have a reasonable expectation that the Trust has adequate resour$ to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of Ihe Trustees in fvrtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designaled funds are set out in the notes to the financial statements. Restricted funds are subject to specffic conditions by donors or granlofs as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the finanaal slalements. 1.4 Income Income is recognised when the Trust is legally entitled to it after any perfom)ance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donalions are recognised on receipl. Other donations are recognised once the Trust has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Grants, including grants for the purchase of fixed assets. are recognised as incoming resources when receivable. Where granls are given in relalion to a set period which straddles a year end, recognition of an appropriate portion of the grant is deferred. Turnover is measured at the fair value of the consideration reiVed or re1vable and represents amounts receivable for goods and semces provided in the normal course of business. nel of discounts.
ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies {Continuedl 1.5 Expenditure All expendilure is ac£ounted for on an acrxuals basis and includes attributable VAT which cannot be recovered. Governan costs are those associated with rA)nstitutional and stalulory requirements. 1.6 Tangible fix8d assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold land and buildings Plant and equipment Fixtures and filtings Motor vehicles 50/ts-25°k Reduang balance 2511/9 Reducing balance 250/0 Reducing balance 250/0 Reducing balan The gain or loss arising on the disposal of an asset is determined as the difference behveen the sale proceeds and the carrying value of the asset, and is recognised in the slalement of financial activities. Assets below £500 are not capttalised. 1.7 Fixed asset Inveslmonts Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured al fair value al each reporting date. Changes in fair value are recognised in nel incomel(expenditure) for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the Twst. Control is Ihe power to govem Ihe financial and operating policies of the entity so as to obtain benefits from ils activities. 1.8 Impairnient of fixed assets At each reporting end date, the TTUSt reviews the carrying amounts of ils tangible assets to determine whether there is any indication that those assets have suffered an impaim)ent loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impairment loss {rf any). 1.9 Stocks Stocks are staled at the lower of cost and estimated selling price less costs to complete and sell, Cost comprises direct materials and. where applicable, direct latiour costs and those overheads that have been incurred in bringing the slocks lo their present location and condrtion. Items held for dislribulion al no or nominal consideration are measured the lower of replament cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.10 Cash and cash equivalents Cash and cash equivalenls include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are sh¢)wn within borrowings in current liabilities.
ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continuèd) 1.11 Financial inslruments The Trust has elected to appty the provisions of Section 11 'Basic Finanryal Instnjments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of ils finanaal inslrumenls. Financial inslrumenls are recognised in the Trust's balan sheet when the Trust becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the finanaal statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle the liability simultaneously. Basle financlal assets Basic financial assets, which include debtors and cash and bank balan$, are initially measured al transaction price including iransaclion costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing Iransadion. where the transaction is measured al the present value of the fulure receipts discounted at a market late of interest. Finanaal assets classified as receivable within one year are not amortised. Baslc financial liabllitles Basic financial liabilities, including credilors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debl instrument is measured at the present value of the future payments discounted al a market rate of inleresl. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequenlty carried al amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or seprfices that have been acquired in the Ordinary course of operations from suppliers. Amounls payable are dassified as current liabilrties if payment is due within one year or less. If not, they are presented as nonthcurrent liabilities. Trade creditors are recognised irsitially al Iransa¢lion price and subsequently measured at amortised cost using the effective interest method. Derecognitlon of financlal liabilities Financial liabilities are derecognised when the Trust's contractual obligations expire or are discharged or an¢elled. 1.12 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Terminalion benefits are recognised immediately as an expense when the Trust is demonstrably committed lo terminate Ihe employment of an employee or to provide temiinats'on benefits. 1.13 Retirement benefits Payments to defined contribution relirement benefit schemes are charged as an expense as they fall due.
ARUNDEL AND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estlmates and Judgements In the application of the Trust's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are nol readily apparent from other sources. The eslimales and associated assumptions are based on hislori&?l experience and other factors that are considered to be relevant. Actual resutts may differ from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the perit)d in which the estimate is revised where the revision affe¢ls only that period. or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unre$tricted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants receivable 17.603 3,483 17.603 31,883 13.725 11.653 13,725 11,653 28,400 21.086 28.400 49,486 25,378 25,378 Donation$ and gifts Elevenses Other 9.972 7.631 9.972 7,631 6.270 7,455 6,270 7,455 17,603 17.603 13.725 13.725 Grants receivable for core activities Arundel Town CounrJl 1,1)00 Active Sussex Sport England Other 15,000 16,000 3,500 8,153 3,500 8,153 13.400 13.400 2,483 2.483 3,483 28,400 31,883 11,653 11,653 10-
ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activities Unrestrlcted funds 2024 Unrestricted funds 2023 Charitablo activities Clubs and lickel sales Kiosk sales Facilities rental Manager's actrvities 228,917 36,971 13,541 5,756 183,833 35,015 11,998 8,654 285,185 239,500 Income from investrnents Unrestricted Unrestrlctsd funds funds 2024 2023 Inteiesl receivable 4,140 1,547 Other Income Unrestrictsd Unre8trict¢d funds funds 2024 2023 Arundel Community Trust Services Ltd 97,248 89.307 11
ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on charitable activities Charitable activities 2024 Charitable actlvities 2023 Direct costs Staff costs Depreciation and impairment Kiosk purchases Utilities and rates Insurance Cleaning Repairs and mainlenan Health and safety ¢osts Manager's artivilies expenses Other Staff co$ls Booking costs Elevenses 191,727 17,657 16,887 133,954 16,490 24,426 ji 49,653 4,311 4,621 42,871 2,087 2.843 4,802 14,796 7.480 42,941 4.619 3,463 53.306 2.147 5.549 5,635 4,785 359.735 297,315 Share of support and governance ¢osts (see note 8) Support Governance 26.489 4,712 22.665 5.662 390,936 325,642 Analy$S8 by fund Unrestricted funds 390,936 325,642 Repairs and maintenance indude £Nil in relats'on to sand filter repairs (2023= £21,905>. 12-
ARUNDEL AND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to activities 2024 2023 Printing and Postage Advertising Telephone Computer costs General expenses Subscriptions Bookkeeping Professional fees Governance costs 3,277 3,487 3,202 3,850 1,773 48 9,100 1,752 4,712 2,689 3,062 2,700 2,565 1,552 107 8,400 1,590 5,662 31,201 28,327 Analysed between: Charitable activities 31.201 28,327 The trustees consider Ihat all support and govemance costs should be allocated lo the charitable activities of the Trust. Net movement in funds 2024 2023 The net movement in funds is slated after chargingllcrediting}: Depreciation of owned tangible red assets 17,657 16,490 10 Trustees None of Ihe Truslees (or any persons connected with them) received any remuneration or benefits from the Trust during the year. 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 15 10 Employment costs 2024 2023 Wages and salaries Olher pension costs 190,714 1,013 133,074 880 191.727 133,954 13-
ARUNDEL AND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Taxatlon The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or se¢tion 252 of the Taxation of Chargeable Gains Act 1992 to the extent ihat these are applied to its charitable objeds. 13 Tangible fixed assets Lthwohold land and bulldln98 Plant and Flxtur•s and uipment IAttlng$ Motor vohl¢l•8 Total Cost At 1 April 2023 Addilions 400.954 14.506 28.668 50,055 17,000 482.515 28,668 Al 31 March 2024 400.954 43,174 50.055 17,000 511,183 Depreciatlon and Impalmwnt Al 1 April 2023 Depreciation charged in the year 255,753 10.555 2.949 3.969 41,889 2,048 12.661 1,085 313,252 17,657 At 31 March 2024 266.308 6.918 43,937 13,746 330.909 Carrylng amount At 31 March 2024 134.646 36,256 6.118 3,254 180,274 Al 31 March 2023 145.201 11,532 8,191 4,339 169,263 Assels not recognl8ed in the balance sheet The charity maintains Arundel LKlo, Its grounds and the adjacent car park. These were acquired in 2002 by way of a 125-year lease from Ihe Arundel Town Council. with the freehold of the land remaining with Arun District Council. The value of these items at the time of a¢quistlion, and any increase in value that has oexurred since Ihal date, are not induded in the balance sheet of the charty. The cost of major enhanment work to the pools, grounds and gardens, and any capilal work lo the buildings that does not represent repair or maintenance. is capitalised on the balance sheet. 14 Fixed asset investments Other investments Cost or valuation Al 1 April 2023 & 31 March 2024 Carrying amount At 31 March 2024 At 31 March 2023 14-
ARUNDELAND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Fixed asset investments (Continued) 2024 2023 Other investments comprise.. Notes Investments in subsidiaries 23 15 Stocks 2024 2023 Finished goods and goods for resale 2,429 16 Oèbtors 2024 2023 Amounts falllng due within one year: Trade deblors Amounts owed by subsidiary undertakings Other debtors Prepayments and accrued income 2,852 97,248 29,496 1,940 1.252 89,307 300 1,581 131,536 92.440 17 Creditors: amounts falllng due wlthln one year 2024 2023 Other taxation and social security TTade credilors Other Gredilors Arual5 and deferred income 2.329 5,097 20.575 5,186 804 13,742 7,817 11,158 33,187 33,521 18 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profft or loss in respect of defined contnbution schemes 1,013 880 The Trusl operales a defined contribution pension scheme for all qualifying employees. The assets of ihe scheme are held separately from those of the Trust in an independentty administered fund. 15-
ARUNDEL AND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restricted funds At 1 April 2023 Incoming At 31 March resources 2024 Small pool cover Main pool cover 15,000 13.400 15.000 13.400 28,400 28,400 Small Pool Covers A grant was received after the year end from Arundel Distrid Council to fund the purchase of the small pool covers which were purchased during th8 year. Maln Pool Covers A grant was received after the year end from Sport England to fund the purchase of the pool cover for the main pool which was purchased during the year. 20 Unrestricted funds The unreslricled funds of the charity comprise Ihe unexpended balances of donations and grants which are not subject lo specific ¢onditions by donors and grantors as lo how they may be used. These include designated funds which have been sel astde out of unrestricted funds by the trustees for spe¢ifi¢ purposes. At 1 Aprll 2023 Incorning resources Resources At 31 March expended 2024 Infrastructure reserve Fixed asset fund Subsidiary reserve General funds 128,095 169,263 89,307 161,814 128,095 155,980 96,738 184,389 4,374 96.738 306,547 (17,657) {89,307) (283.972) 548.479 407.659 {390,936) 565.202 Prevlous year: At 1 April 2022 Incoming Resour¢es At 31 March resources expended 2023 Infrastructure resetve Fixed asset fund Subsidiary reserve General funds 150,OtsJ 174.942 73.993 119.454 (21,905) {16,490) (73.993) (213.2541 128,095 169,263 89,307 161,814 10,811 89.307 255,614 518.389 355,732 (325,642) 548,479 16-
ARUNDEL AND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Unrestrlcted funds {Continued) Infra$tru¢ture Reserve This fund is sel aside to guard against the costs of major replacement rtems and any losses incurred as result of exceptionally poor sumrner weather conditions. It funded the refurbishment of the sand filter in the 2022r23 financial year. Fixed Asset Fund The fixed asset fund is an amount equivalent to the net book value of fixed assets at the balance sheet date. Subsidiary Reserve To recognise amounts due which will be needed to subsidise the Lido's general operations in future years. 21 Anatysl$ of net assets between funds Unrestrlcted funds 2024 Restricted funds 2024 Total 2024 At 31 Mah 2024: Tangible assets Investments Current assetsl(liabilities) 155,980 24,294 180,274 409.221 4.106 413,327 565,202 28,400 593,602 Unrestricted funds 2023 Re$trl¢tsd funds 2023 Total 2023 At 31 Mar¢h 2023: Tangible assets Investments Current assetsl(liabilities) 169,263 169,263 379.215 379,215 548,479 548,479 22 Related party transactions There were no disdosable related party transadions during Ihe year (2023 - none). 17-
ARUNDEL AND DOWNLAND COMMUNITY LEISURE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Subsidiaries These finanoal statements are separate Trust financial statements for Arundel Downland Community Leisure Trust. Details of the Trusys subsidiaries at 31 March 2024 are as follows.. Name of undertaking Registered office Nature of business Class of shares held /• Held Direct Indire¢t Arundel Community Trust England and Services Ltd dles Operation of car park Ordinary 100.00 18-