¥J FIukJG
REGISTERED COMPANY NUMBER: 04479074
REGISTERED CHARITY NUMBER: 1099941
Trustees. Report and
Audited Financial Statements for the Y8ar Ended 31 March 2024
for
Fonnby Pool Trust
Advance Audit Limited
Statutory Auditor
71n3 Hoghton Street
Soulhport
Mersèyside
PR9 OPR

Formby Pool Trust
Contents of the Financial Statements
for the Year Ended 31 March 2024
Page
Reference and Admlnistratlve D¢tslls
Trustees. Report
Report of the Independent Audito
5 to 7
Statement of Financial Activitigs
Balanc• Sh•et
Cash Flow Statement
10
Notes to the Cash Flow Statement
Notes to the Financial Ststemènts
12 to 20

Fonnby Pool Trust
Reference and Administrative Details
for the Year Ended 31 March 2024
TRUSTEES
D Edwards
D Wilson
CMPage
R Dawson (resigned 11.9.23}
S Crean
J C Scorgie
P Adams
CHBull
H G Davies
G Sidlow lappoirrted 11.9.231
M Snaylam (appointed 11.9.23)
COMPANY SECRETARY
S J Flgt¢her
REGISTERED OFFICE
Elbow Lane
Fomiby
Merseyside
L37 4AB
REGISTERED COMPANY
NUMBER
04479074
REGISTERED CHARITY
NUMBER
1099941
AUDITORS
Advance Audr( Limited
Sfalutory Auditor
71rt3 HDghton Street
Southport
Merseysid*
PR9 OPR
Page 1

Forniby Pool Trust (Regi51ered number: 04479074)
Trustees. Report
for the Year Ended 31 March 2024
The trustees who are also director5 of the ¢h8rity for the purposes of the Companies Act 2006, present their
report with the financial statements of the eharity for the year ended 31 March 2024. The trustees have
adopted the provisions of Accounting and Report(ng by Charitie5'. Statement of Recommended Practi
applicable ID tharrties preparing théir accounts in atxordance wth the Financial Reporting Standard
appl(c8blè in the UK and Republic of Ireland (FRS 1021 {effe(*ve 1 January 20191.
OBJECTIVES AND ACTnirnES
Objectives and aims
Fomiby Pool Trust pro￿￿e$ a swlmmln9 pool, fiiness facAIty and café in a park setting. Wè aim to b8 81 the
heart ofthè community promoting the health, wellbeing and welfare of I￿al people through the work we do.
The Trust WOTks in p8rtnèr8hip wth Formby Land Tnjst as oumers of the Land and builLling and Sefton
Metropoliian Borough CLwncil which commissions seTvices.
The trust h3s 6 strategic objecb'ves as outlined in 2022-2027 strategy..
> Bèing al the heart of the Fomiby Community
> Delivering a first-dass sèmca, being th& besl that we can be.
> Being a good employer
> Achiewng optim31 finanri81 pèrfDmiance to allow future reinvestment
> Developing our Services and lacililies lo meet the nèed5 of lo<xl p￿p
> ￿*thing towards environmentsl sustainabilty.
ACHIEVEMENT AND PERFORMANCE
Ch8rftabl6 activltie8
Significant achievements over the 2023r24 pèriod havè indudèd..
Membership has grown by 11% over the year with 3016 members in Marth 2024, the highest reo)rded n
the history of the trust
TherÈ has beèn a total of 77,965 fithess dass visrts over the year. a 37°h increase from 202213 kading lo
increased heatth and wellbeing for membeTS.
The trust has undertaken m¥itsr refurt)i$hment of the facility including the wet side changing facilthes. dry
side changing faGilili9s in pathership with Sefton Cwnal and Formby Land Trust.
The Trust has invested Sn ￿fUrb1shmen{ of the pC￿J1 café resulbng in an improved environment and
in￿eased use.
The trust was successful in securiro £58K fvnding ft)r sglar panels from the national Sw*n School Suppcwt
Fund. ThB will fijnd thè installation of 14S solar panels in 202415, offsethng elecaricty use by 11 %.
The popular swim school continues to be successfvl with over 1.800 childrén attending weekty desw'le the
6-week closure to enable the installation of the wet sido Changing faLililies.
- There has been ￿ntinUed invèstment in developing staff, through a leadership development programme for
sènior managers and junior managers and prowding oppothnities for ¢are8r progrèssion and succession
planning.
Prudent finanrial management has regJrted in a small defiat de$￿'te capital investment in the cafe and pool
dosure lor 6 weeks and high energy costs.
The 1 to 1 assisted training has been invaluable for memb8rs vtho would 01herwise not be able lo access
fthes$ servi￿$ and has increased accessibility and diversity.
The Trust has hosted a number of free oJncErts, plays and olFEr communty events over the past year.
resulting in Improved ownershlp. use of the grounds and cc4nmunity cohesion.
Tho wcuss of the Trust over this year is due to the hard work, dedication and commitment Df the
management team and stsff. with the leadership and support of trustees and partner organigations and the
loyalty and Gornmilmènt of members for which we are very gratefvl.
Paga 2

Formby Pool Trust (Registered number: 04479074)
Trustees, Report
for the Year Ended 31 March 2024
FINANCIAL REVIEW
Financial ravièw and reserves
The trust aims to become fInan￿alY sustaiiable and invests lo save. when possible. Inc4)me has inc¥eased in
all areas in the finan(ial year. There wore financk41 ¢hallenge$ durfng th¢ y¢¥r induding plannea investment in
the Chapel Lane and gym exl8nsDn and unplanned increases in energy. Pnjdent management resulted in
deficit of£69,124 for this fina￿[al year.
The trust has invested to bulld financaal r&sili•nc•. Th& Trust has retained much of th6 govèrnment backed
business continuity loan lo enable il to maintsin a stsble and strong po3tti.on moving into the ¢oming yèar.
FUTURE PLANS
Membership of the organisalv)n is continuing to grow followng the investmerbl in faTh1￿eS and servth$. FLthire
plans forthe Trust include".
- Continuing to adapt to meoliNJ the needs and demands arising from population ¢hanges.
Maintaining the quality of the building, sile and s8tvices whilst expanding the off&r to members.
Refuthishment of the cycle store lo encourage actwe travel and planning for further developments onslle.
- Agreeing a new lease 10-yèar opèrational leasè with parthers to comménce in January 2027.
- A9￿¢ing long lem plans which wll enable inueasing financial sustainability and communty benefft.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Goveming document
The charity is controllèd by its goV￿1n9 docum8nL a dged of trust, and ¢onstiluto$ 0 lirnitec4 cKJmpany, limited
by guarantee, as defined by the Companies Act 2006.
Trustè•¥
Dr Dympna E(hvards
Mr Dawd Wlson
Cllr Catie Page
Mr Mark Snaylam
Mrs Sharon Croan
Mr Jamia Scorgie
Ms Pauline Adams
Mrs Katie Bull
Mrs Heather Davies
Mr Graham Sidlow
Chairman
Vice Chainnan
Trustee and Sefton Council Representative
Trustee and Sefton Council Representative
Trustee and Fomiby Land Trust Representalwe
Trustee
Trustee
Trustee
Trustee
TnJstee
Trustees are appointed for a three-year perlod. One trustee stood down and two new trustees were
recruited 19 thè board at the lastAGM. Ms Samantha Fletcher act5 as Company Secretary.
Decision maklng
The Board of Trustees has c4)nlinLted to meet bimonthly over the year and has overall responsibility for the
management of the business wlh clear oversight and a schÈmÈ of delègation_ It is Sup￿rt￿d by a ntjmbèr of
subcommittÈes_ Regular perfom)ance reports are made to the board against the annual ddivery plan and
5-year strategic plan. Performance is also reported lo a partnership board and scrutinised on a six-monthly
basis. Financial transactions undergo indepgndenl theGks by the trustees, particulady Gash-flow, expenditure
and income trènds. Chèques are siwed by one authorised signatory. The accounts and supporting records
have been reviewed by the Trust's auditors.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who arè also thè dirèctors of Fomiby Pool Trust for the purposes of company law) are
sponsible for preparing the Trustees. Report and the financial statements in accordan￿ with appficablè law
and United ￿ngdorn Accounting Standards Iuniled Kingdom Generally A¢cepled A¢￿Unting Practi￿)
induding Finanrial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and
Rèpubl￿ of Ireland,.
Page 3

Formby Pool Trust (Registered number." IM479074
Trustees, Report
for the Year Ended 31 March 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued
Company law requires the trustees lo prepare financial ststements for each financKg1 year which gwe a true
and fair view of the stste ol aff3if8 of the charitable company and of the incoming resources and appliLztion of
resources, including the income and expenditure, of the charitable wmpany for that period. In preparing
those frnancial statements. the tr￿SteeS are required lo
sek¢t $uilable accounting poliaes and then apply them consislendy.,
observe the methods and PTTnciples the Charity SORP..
make judgements and eslimales that a￿ reasonable and prudent.,
pmparé th8 financial statements on the going concem basis unless ft is inappropriate to p￿$￿me Ihal tha
charitable company will continue in business.
The tmslees are responsible for keeping proper accounting records whith disclose reasonable accuracy
at any time the finanrAal position of the ¢harTtablè company and to enablè th8m to ensure that the financial
slalements comply with the Companies Act 2006. They are also responsible for safeguarding tre a35els of
the charitable company and hence for taking reasonable step3 ft)r the prevention and detèctitsn of fraud and
other irregularities.
In so far as the trustees are aware..
there 1$ no rgl$vant audit infomialion of whic* the chwilable companys auditr)rs arè unaware,. and
the trustees have taken all stèps that they ought to have taken to make themselves aware of any relevant
audtt information and lo establish that the auditors are aware of that infomiation.
AUDITORS
Thè auditors, Advance Audit Limtted, will be proposed for re-appointment al the fothcomlng Amnual General
Meeling.
This report has been prepared in a￿ordance vlith thè spèaal provisions of Part 15 of the Companies Act
2006 relating to small companies.
Approved by order of the board of ITUStees on 25 November 2024 and signfd gn its behalf by..
D Edwards- Trustee
Page 4

Report of the Independent Auditors to the Members of
Fomiby Pool Trust
Opinion
We have audile£l the financial st8tements of Formby Pool Trust Ilhe '¢haritsble company'l for the year end
31 Mar¢h 2024 which comprise the Statement of Financial Activities, the Balan￿ Sheet, the Cash Flow
Statement and notes to the financial stalemenls, including a summary of signiffcanl acuunling pol￿1￿$. Thè
finanaal reporting framework that has been applied in their preparation Is applicable law and United Kingdom
ACCO￿nting Standards (United Kingdom Generally Accepted Accounting Practice), induding Financral
Reporbng Standard 102'The Financial Reporting Standard appIl￿ble in the UK and Republ￿ of Ireland,.
In our opinion the finanoal statements..
give a tNe and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resOur￿S and application of re￿Ul￿S. induding its income and expenditure. for Ihe year then
ended..
have been properly prepared in a¢¢ordon¢e wth United Kingdom Generally A¢¢epleé A¢¢ounb"ng Practice,
induding Finanaal Reporting Standard 102 'The Fina￿la1 Reporting Standard applicable in the UK and
Republic of Ireland.; and
have been prepared in ac(y)rdance with the requirements of the Companie8 Ad 20(￿.
Basls for opinion
We ￿)ndUCted our audit in a¢cordance wth Intemational Standards on Auditing IUKI (ISAS (UK)) and
appliGable L4w. Our responsibilfcies under those standards are fvrther described in the Auditors.
responsibil￿eS for the audit of the financrdl statements section of our report. We are independent of th$
Charitab￿ cx)mpany in 8t￿rdance with the ethical requirements that are relevant tts our audrt of the finanaal
st*ements in the UK, including the FRC'S Ethical Standard, and we have fut￿lled our other ethi￿1
responsibil￿e$ n acc4Jrdance wf(h these requirements. We believe that the audit evidence we have obtained
is suffKienl and appropriatè to provide a basis for our opinion.
Con¢lusions r•lalng to golng concern
In auditing the finanaal stalemenls, we have concluded Ihsl the trustees. use of the going COn￿M ba918 of
accounting in the preparation of the financial statèmènts Is appropriatè_
Basèd on the work we have perfomied, we have not identified any matsrial uncertainlie5 relattng to everts or
cnnditions that, individually or colleLtivdy. may (a* SignifiGant dwbl on the charitablg wmpany's ability to
)ntinue as a going concem for a period of at least ￿e1ve months from when the financ4al statements are
authDrised for issue.
Our TPSpon$iblities and the ￿sF￿)nSibil1tse$ of the Iruslees with respect to g¢Thng co￿eM are desc￿bèd in the
levanl sections of this report.
Other inforrnation
The trustees are responSi￿e for the Dttier nft)rmation. The other information wrnprises Ihe information
inttludèd in thè Annual Report, other than the finanaal statements and our Report of the Independent Auditors
thèrèon.
Our opinion on the financial statements does not cover the other infomiation and, except to the extent
otherwise exp1T￿llY $ts18d in our réport, wè do not èxwess any form of assurance a)nclusK)n thèr80n.
In conntscion with our audf( of the financial stalemenls, our responsibilty 15 to read the other information and,
in doing so, consider whether the other Infomation is materfally Inconslstenl wllh the finandal statements iy
our knowlÈdg8 obtained in the audr£ or otherwse appears to be materially misstated. If we identify such
material inconsislenaes or apparent material mis51atements. we are required to delemiine whether this gnies
rise lo a material misst8tement in the finaneial ststements themselves. If, based on the wort( we have
perfomed, we Conclude that there is a material misstatement of this other infomialion, we are Tequired lo
report that fart We have nothing to report in this regard.
Opinions on other matters prescribed by the Companiès Aet 2006
In our opinion. based on the work undertaken in the course ofthe audit..
the infomation gwen in the Trustees, Report for the financial year for which the finarrial statements are
prépared is o)nsislenl with the financial ststenenls- and
the Trustees. Report ha$ been prepared in accorda￿* with applicable le9al requirements.
Page 5

Report of the IndependentAuditors to the Members of
Formby Pool Trust
PJl•tt&rs on whlch we arè requlred to report by exceptlon
In the light of the knowledge and understanding of the tharilable company and rts environment obtained in the
course oflhe audit, we have not identified Tnalerial mi55talements in the Trustees, Report.
We have nothng to report in ￿spect of the following matters where the Companies Act 2006 requires us to
repo)rt lo you if, in our opinion.
adequate awounting records have not been kept or retums adequate for our audit have not been received
from branches not visited by us,. or
the finan￿al statements are nol in 8greem¢nt vAth the a¢cyJJnting re¢ords and returns,. or
certain disdosures of trustees, remuneration specrfied by law are not made,. or
we have ntsl received all the inlomiatk)n and explanallons we ￿qUI￿ lor our audit- or
the trust8es wer8 not en￿ed to take advantage of the small o)mpanies exemption from the requirement to
prepare a Strategic Report or in preparing the trustee5' Report.
Responsibilitiès of trusteès
As explainèd morè fully In thè Statément of Twstees, Rèsponsibilitiès, the trustees (who are also the direGtors
of the charrtable company for Ihe purposes of company lawl are responsible for the preparation of the
financial statements and for being 5ati5fied that they give 8 true 8nd fair view, 8nd for sueh intemal eontrd ¥$
the tW51ees delemlne is necessary to enable the pr8P8ration of financial statements that are free from
material misstatement, whether due lo fraud or error.
In prep8rfng th¢ financlal statements, the trustees are responSi￿e for assessing the tharTtable company's
ability to continue as a going ￿ncern, disclosing, as applicable, matters related lo going ￿n￿rn and using
the going concem basis of accounts'ng unless the trustees either intend lo liqujdatè th& Charrtab￿ company or
to cease OFerations, or have no realist￿ altematr've but to do so.
Our responsibiliti6s for the audlt of the financial statements
Our objectives are to obtain reasonab￿ assurance about whether the financwl statements as a wholg are Ireè
from matèrLg1 mi&%tatemént. whether to fraud or error. and to issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance is a hvJh level of assurance, but is not a guarantee that an
audit ￿ndUcted in a￿OrdanCe with ISAS (UK) wll a￿lay5 detect a material misstslement whgn tt exi*.
MisslatèmÈnts (xn arisè from fraud or etTor and are considered material rf. indThiidually or in the aggregate.
they could reasonably be expected to inflLEnce the ewnonNc deagons of u3eTS taken on the basis of the8e
financial statements.
The extent to which OUT pr￿duleS are capable of detecling irregularities, indudlng fraud its detailed bebw..
Er￿U5ry of m¥n¥g$mgnt and thos• charged wtih govemance around actual and potential litigation and
claims.,
Enquiry of #ntity staff in tsx and o)mpliance functions to Klenb"fy any ￿StanCeS of nOn-c￿mpliance wth laws
and regulations.,
Reviewng financial statement di￿￿sureS and tesling lo supporling d￿uMentatiOn to assess ￿mplianCe
with appli12ble laws and regulations.
Perfomiing audit wot* over th8 risk of management override of contrc4s. induding tesling of joumal entries
and other adjustments for appropriateness, evalualirKJ the busines5 rational& of significant transactions
outside the normal wurse of business and revièwirvJ aceounting estimales for bias.
Because of the inherent limit*ions ()f an audit. there is a risk that we will not detect all irregularities, indudiNJ
those leading to a material misstatement in the financial stalemenls or non-compliance wrfch regulation. This
risk increases the more that o)mplian¢e wth a law or regul8tion Ss removed from the events and Iransadons
rèflect&d in thè finan(xal statements, as we will be less likely to become aware of instances
nom)mplianc&. The risk is also greater regarding irregularitie5 OCLurring due to fraud rather than error. as
fraud involves intentional wncealment. for9ery, ¢¢llusb)n. omissi¢X or m1$rep￿senttitiQn.
A further description of our responsibilities for the audit of the financial statements is lgcated on the Financial
Reporting Council's website at www.frc.org.LJklauditorsresponsibil((ies. This description forms part ot our
Report of the Independent Auditors.
Page6

Report of the Independent Auditors to the Members of
Formby Pool Trust
Use of our report
This report is made SO￿lY to the charitable oJmpany's members, as a body. in accx)rdancB with Chaptér 3 of
Part 16 of the Companies Act 20CE. Our audf( work has been undertsken SD that we might state to the
charitable companY$ rnembers those matters we are ￿QuIred to state to them in an auditors. report aTrY for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyon
othèr than thè charitable company and the charitable company's members as a body. for our audit work, for
this report, orfor the opinionswe have formed.
Jennrfgr T¢)bin FCCA (Senior Stalulory Auditor)
for and on behalf of Advance Audit ￿"MIted
Stslutory Auditor
71173 H(￿htOn Slreat
Southport
Merseyside
PR9 OPR
Date.. S. 11.203L
Page 7

Formby Pool Trust
Ststement of Flnancial Activities
(Incorporatlng an Income and Expenditure Account)
for the Year Ended 31 March 2024
2024
Unrestrited
nds
2023
Total
funds
Note5
INCOME AND ENDOWMENTS FROM
Donations and legacios
227.741
280,758
Charitable a¢tivitig8
Activities undertaken directly
2,081,790
1,827,672
Investment Income
5,061
1,753
Total
2,314,592
2,090,183
EXPENDITURE ON
Charttabl8 activitios
Activities undertaken direc41y
2.383,716
2,116,970
NET INCOMEI{EXPENDITUREI
169,124}
126,7871
RECONCILIATION OF FUNDS
Totsl fvnds brought forward
223.679
250.466
TOTAL FUNDS CARRIED FORWARD
154,555
223,679
The notes form part of these financial statements
Page 8

Forniby Pool Trust (Registered number: 04479074)
Balance Sheet
31 March 2024
2024
Unreslrict
funds
2023
Totsl
fund3
Notes
FIXED ASSETS
Tangible assets
202,981
230,372
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
12
13
7,266
172.849
173,353
3,841
99.365
295,528
353,468
398,734
CREDITORS
Amounts fall1￿ due within one year
14
(300,3771
1222,484)
NET CURRENT ASSETS
53,091
176,250
TOTAL ASSETS LESS CURRENT
LIABILITIES
256,072
406.622
CREDITORS
Amounts falling duè aftèr mor8 than one yaar 15
{101,5171
1182,9431
NET AssErs
154,555
223,679
FUNDS
Unrèstricted ￿ndS
18
154,555
223,679
TOTAL FUNDS
154,555
223.679
ThÈsè finanaal statements have been prepared in aceordanet wrth the prowsions applicable to charitable
companies subject lo the small companie8 regime.
The finan¢i81 statements were approved by the Board of Trustees and aulhorised for issue on
25 November 2024 and were signed on its behalf by..
D Edwards- Twslee
D Wiknn- Truste
The notes form part ofthe8e financial stslemenls
Page 9

Fom)by Pool Trust
Cash Flow Statement
for the Year Ended 31 March 2024
2024
2023
Notes
C45h flows from oporating activltl
Cash generated from operations
Interest paid
26,626
114,170)
124,4331
111,7981
Net cash provided byllused inl operating activrties
12,456
136,2311
Cash flows from investing activities
Purchase of tangible fixed 3s3els
Interest recoived
ie4.418)
5,061
{107,0061
1,753
Nel cash used in investing 8¢tlvllies
159.3571
1105,2531
Cash flows from financing activities
Loan repayments in year
Caprtal rep8yments in ye8r
New borrowings in year
160,0001
115,2741
159,870}
{8,3851
49,990
Net Cash used In flnandng advtttes
(75.2741
118.2651
Change in cash and cash equivalents
in th8 r8portlng porfod
cash and cash aquiyalénts at tha
beginning of the reporting perfod
1122,1751
1159,7491
295,528
455,277
Cash and cash equivalonts at thg end
ot thg reporting period
173,353
295,528
The note8 fomi part of these financial statements
Page10

Formby Pool Trust
Notes to the Cash Flow Statement
for the Year Ended 31 March 2024
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net expenditure for the rapo￿n￿ period las por the Statsment
of Financlal Activitiosl
Adjustmants for:
Depreck71ion ¢harges
Intérest re￿iVed
Interest paid
In¢re8se In stocks
Increase in debtors
Ir￿rease/(deCreasel li Greditors
169.124)
126,7871
91,809
15,0611
14.170
13,425)
(73,484)
71,741
84,782
11,7531
11,798
11,1601
{60,3621
{30,951)
Net cash provid￿ byllused Inl operations
26,626
(24.433)
ANALYSIS OF CHANGES IN NET FUNDSI{DEBTI
At 1.4.23
Cash
At 31.3.24
Net ¢ash
Cash at bank and in hand
295,528
1122,175}
173,353
295,528
1122,175)
173.353
D•bt
Finance leases
Debts f811ing due within 1 year
D8bts falling due after 1 year
143,5461
153.8481
1156,5601
15,274
16.152)
66.152
128,2721
160,0001
190.4081
1253,9541
75.274
{178,6801
Totsl
41.574
{46,901)
{5.3271
The notes form part of these fin8nGial 5t*ements
Page11

Formby Pool Trust
Notes to the Flnanclal Statements
forthe Year Ended 31 March 2024
ACCOUNTING POLICIES
Basis of preparing the financial 3tstgmgnts
The financial statements of the ¢haritable o)mpany, which is a public benefrt entity under FRS 102,
have bèen prepared in acujrdance with the Charities SORP (FRS 102) 'Accounb"ftg and Reporting by
Charities.. Statement of Recommended Practice applieable to charities preparing their accounts in
accordance with the Financial Reportsng Standard applicable in the UK and Republic of IrelanLI IFRS
1021 leffective 1 January 2019}', Financial Reporting Standard 102 The FinancKHI Rèptsrb"ng Standard
applicable in the UK and Republic of I￿land, and the Companies Act 2006. The ffnancral statements
have been prepared underthe historical cost cOnvent￿n.
Company status
The d)arity is a o)mpany limited by guarantee. The members of the u)mpany are the trustees named
on page 1. In the event of the ¢harity beirlq wound up. the latmlity in respect of the guarantee is limited
10 £1 per member of the charity.
Incom8
l income is recognised in the Ststement of Finarri81 Actiwties On￿ the charity has enlitlemenl to the
nds, il is probab￿ that the In￿Me wll be received and the anThJunt can be measured reliabty.
Revenue support grants are a¢Lounted for as Ihey be(x)me ieceivable.
Govemment grants
Government gTants aTe rtrcognised at the fair value of the asset received or rerewablè whèn thue is
reasonable assurance that the grant o)ndTbons wll be met and the grants will be received. A grant that
specTrles perfomiance condibons is reeognised in income when the perfomiance conditions are mel.
Where a grant dges not speofy perfomance conditions rt is recognised in income when the proceeds
re recèwed or receivable. A grant received before the rÈetsgnitir>n criteria arè sab"sffièd is reco9nised
as a liabilty.
Expenditurg
abilities are re(x)gni8•d as expendf(ure as soon as there is a legal or constructive ¢)blSgats"on
comrnitting the charity to that éxpendituré, it is probablè that a transfer of economic benefits will be
required in settltrment and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accluals basis and ha5 been dassffied under headings that aggregate all cost
related to the category. Whwe wsts cannot be dI￿dY attributecl to parbcular headings they have been
allocated to activibes on a basis c4Jnsistenl with the use of resour￿.
Tangibl• fixad assets
Tangible ffixed assets are inthally measured at cost and subsequently measured at cost or valuat￿n.
net of depreCIat￿n and any impairment losses.
Dttpreciation is recognised so as to write off the cost or valuabon of 8ssets lexs their residual values
over their useful lives on the following bases..
Equipmént- 50°A on cost, 33% on cost and 25% on cost
The gain QT l()ss arising on the disposal of an asset is determine<l as the difference between the sale
prO￿edS and the carying value ofthe asset. and is credited or thar9Èd to profit or loss.
Impairment of fixed a8$0ts
Al each ieporting period end date, the charty Temews the carrying amounts of rts tsngible and
intangible assets to detemine whether there is any indi¢a*on that thosè assets havè suffèr8d an
impairrnenl loss. If any sueh Ir￿leation exists, the fecoverable amount of the asset is estsmaled in
order lo determlne the extent of the impaimient loss lif any). Vvhere il is not possible lo estirnale the
recoverable amount of an individual asset, the company esfjtnates the recoverable amount of the
cash-generaling unli lo which thè assèt bèlongs.
Pag• 12
¢xJntinued.-

Forniby Pool Trust
Notes to the Finan¢lal Statements - continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES . continued
Tanglble fixed assets
Recoverable amount is the higher of fair value ltrs¥ wsts to sell an¢J value In usg. In assessing valuè
in use. the eslimaled future cash flgws are discountèd to their present value using a pre4ax discount
ratè that refflècts current rna￿et assessments of the time value of mney and the risks specific lo the
asset for whid) the estimates of fvlure cash flows have not been adjusted. If tho recoverable amount
of an asset lor cash-generaling unill is eslmaled to be 18SS than its carrying amount, the caryin9
amount of the asset {or cash-generating unf() is reduced to ils recoverable amount. An impaiment
loss is ￿COgniSed immediately in profil or loss, unless the relevant asset is CArriéd 8t a rèvaluèd
amount, in which case the impairment bs$ is treated as a revaluation deuease.
Recogniséd impaimient losses a￿ reversed if, and onty if, the reasons for the Impalrment loss have
rkased to apply. Vvhere an impaim8nt loss subsequendy r8vers8s, tha carrying amount of the asset
lor cash*enerating unil} is increased to the revised estimate of its recoverable amount, but so that the
increased carryin9 amount ￿￿$ not exceed the carrying amount that would have been dètèrmined had
no impairment loss been recognised for the asset lor Gash-generaling unrtl in prior years. A reversal
of an impairment lo$$ is recognised immediately in profit or loss. unless the relevant a58gl is al
a r8valued amount n which case the reveT5al of the impai¥ment Ioss 15 Ire*d 4$ 8 rev31u3tion
increase.
stocks
stocks are vauad at the lower of cost ar￿ nel realisable value, after making duè allowaneè for
obsoth and slow momng items.
Cash at bank and In hand
Cash at bank and in hand are basic ffinanual assèts and indudè (xsh in hand and deposits held at ca
th banks.
Finan¢lo1 Instruments
The charity only has financial assets and financial liabilities of a kinol that qualify as basic finanaal
instruments. Basic finane4al instruments are inibally re(x)gnised at transaction value and subsequently
measured al their settlement value.
Taxation
The chaity ts exempt from ry)rpOrati￿ tsx on its 1*8ritable activrties.
Fund accountlng
Unrestricte(I fur¥Js can bg used in accordance with the charitable objectives at the discrelM)n of the
trustèès.
Designated funds compris? unrethdad funds that have been set aside by the Iruslee5 for parts'cular
purFv5es. The aim and use of the designated fund is set out in the notes to the finanu81 ststemenls.
The charity does not have any re$tri¢ted funds.
Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ovmership
remain with the lessor are ¢harged against profits on a straight line basis over the period of the lease.
Retirement benefits
The charitable company operates a deffined contribution pension scheme. Contributions payable lo the
charitable company's pension scheme are ¢harggd lo the Statamant of Financial Actiiritias in the
pèriod to which they relate.
Employee benefits
The costs of short-lemi employee benefts are re￿gnised as a liability and an expense, unless those
costs ar& raquired lo be recognised as part ofthe cost of st<Jek or fNed assets.
Page13
o)ntinued...

Fomiby Pool Trust
Notes lo the Flnanclal Statements - continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES- conlinu8d
Retlrement benefits
The C￿$t of any unused hollday enfjllemenl Is recognised in the period in which the empioyee's
are ￿e￿1V￿d.
Temiination benefts ate recwnisèd immediately as an expense when the company is demonstrably
committed to terminate the employment ofan employee or to provide lerminalion benefits.
Judg•ments and key sources of estimation uncertainty
In the applicab'on of the c*arity's ac(x)unting policies, the trustèes 8re required to make judgements,
estimates and 8ssumptK)ns about th¢ ¢arrying amount of assets and liabilities that are r￿1 readity
apparent from olher sources. The estimates and associ*d assumptions are based on historical
experience and other fao*ors that are ¢on8idered to be relevant. Adual results may differ from these
estimates.
The esb"mates and undetlying assumptnns are rewewed on an ongoing basis.
Revisiony to
a¢(xJunting estimates are recognised in the perKTrd in which the estimate is revised where thé rèvision
affects only that period, or in the period of the revi$ion and fLrture periods where the revision affe
both Current and future pemds.
The trustees do not believe that there are any ¢stim¥tes and assumptions which have a siwnlcant risk
of causin9 a material adjustment to the carying amounl of assets and liabilib"Ès.
Irrecoverable VAT
AII VAT which can not be ￿LL)vered due to partial exemption regulations 1$ shown within the
appropriate expenditure headings in the Stslement of Finanaal Acbwties.
Going con¢orn
The a(xx)unts show a net asset posrbon at 31 March 2024. Management and the Board of tru¥lee¥
have reviewed the current performance and prepared forecasts alongwde setting athievable bud￿1$
for the next 12 m()nths.
The realisation of these fore¢a$ts may be affe¢Xed by a number of lactors out&de their contfol affecting
the charity and the UK economy. Management and the trustees are conlinuousty assessing the impa
of these factors on the charty and 8re rea¢bng and adapt￿9 to ever chaNJing workiro C4￿UMstanCes.
For these reasons, they ￿ntinUe to adopt the going basis in prepaiing thtr finanaal
slatemenls. The finanaal ststÈmÈnts do not includè any adjustments that would result from the basis
of preparation bdng inaK¥)ropri4te.
DONATIONS AND LEGACIES
2(r24
2023
Annual Fee Sefton MBC
227.741
260,758
Page 14
continued..

Fomiby Pool Trust
Notes to the Financial Slatements - Continued
forthe Year Ended 31 March 2024
INVESTMENT INCOME
2024
2023
Bank interest receivablè
5,061
1,753
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activty
Activibes undertaken directly
Activities undertaken directly
Activities undertaken directly
ActiV￿eS undertaken directly
Activtties undertaken directly
Pool Incon
Car Patk Income
Goods for Resale
Café and Events
Mi￿11¥ne0ltS Income
1,910,459
3,249
28,052
139,576
454
1,652.521
28.412
139,142
2.693
2,081.790
1.827,672
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 61
Support
¢0$1s1¥90
note 71
Totals
Acfjwlie8 undertaken dwectly
2,362,046
21,670
2,383,716
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Stsff costs
Freelance instructors
Rates and water
Insuranre
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
1.007,433
121,910
61,389
106,323
257,413
5.897
11,436
16,291
31,339
952,844
107.219
12,010
89,107
217,579
5,352
17,032
14,910
28,521
k 11
Repairs, Maintenance and EquSpm&nl
Equipment Rental
Chapel Lane costs
Cleaning
IT Supp(rt Hardware and So￿are
Prowsions
Recrurtment and Training
ConsU￿8n¢Y and Professic*)al Fees
Finan￿ Charges
Security
Rent
Dapreciation
257,289
14,398
6,037
33,725
58,462
86,529
12.618
38,228
63,955
18,606
60,959
91,809
223,444
8,311
40,642
28,288
51,653
83,105
17,504
31,863
44,881
14,990
22,635
84,782
2,362.046
2.096,672
Page 15
cfjntinued...

Fomiby Pool Trust
Notes to th8 Financial Statements - continued
for the Year Ended 31 March 2024
SUPPORT COSTS
Govemanr
costs
Actiwties undertaken directly
21.670
Support o)sts, induded in the above, are as follows..
Governance costs
2024
Activities
undertaken
direclly
2023
Total
actMtie$
Audito￿, remuneration
Bank interest
7,500
14,170
8,500
11,798
21,670
20,298
NET INCOMEIIEXPENDITUREI
Nel incoN* I lexpendilurel is slated aftar charging I (Cr8d￿ng)=
2024
2023
Auditors, rernuneration
Depreaation
7,500
91,809
8,500
84,782
TRUSTEES. REMUNERATION AND BENEFITS
There were no knjstees, remuneration or other benefrts for the year end¥d 31 March 2024 nor for the
year ended 31 M8rch 2023.
Trusts•s' &xpons
There were no twslees, expense3 paid foT the year ended 31 Marth 2024 nor for the year ended
31 March 2023.
10. STAFF COSTS
2024
2023
Wages and salaries
Social security ajsts
Other pension Costs
943.896
49,455
14,082
891,469
47,846
13,529
1,007,433
952,844
Page16
ojnlinued...

Formby Pool Trust
Notes to the Financial Statemonts - continued
forthe Year Ended 31 March 2024
10.
STAFF COSTS - continued
The average monthly number of employees during the yearwas as follows..
2024
76
2023
59
Pool, Gym and Cafe
Mainlenan
Admin
Managemer
98
81
No employees rec8ived emc*luments in exGes5 of £60,000.
11. TANGIBLE FIXED A$s￿s
Equipmènt
COST
At 1 Aprfl 2023
Addf(ions
761.543
64,418
Al 31 March 2024
825,961
DEPRECIATION
At 1 April 2023
harge for year
531.171
91,809
At31 Marth 2024
622.980
NET BOOKVALUE
At 31 March 2024
202,981
At31 Marth 2023
230,372
12. STOCKS
2024
2023
stocks
7.266
3,841
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
VAT
Prepayments and a¢cw&d ino)me
130.903
5,781
36.165
20,342
3,950
75.073
172.849
99,365
Page 17
continuèd...

Formby Pool Trust
Notss to the Financial Stalements - continued
for the Year Ended 31 March 2024
14. CREDITORS: AMOUNTS FALLING DUE IkYITHIN ONE YEAR
2024
2023
Bank loans and overdraftslsee note 16)
Hire purchase {see note 17)
Trade credrtors
Social security and other taxes
othèr eredit<*s
Accruals and deferred ino)me
60,000
17,163
157.872
12.503
28,664
24.375
53,848
17.163
91.127
9,570
31,242
19,534
300,377
222.484
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Bank loans (see note 16)
Hire pur¢ha$e (see note 17)
90.408
11.109
156,560
26,383
101.517
182,943
16. LOANS
An anatysis of the maturity of loans Is given below..
2024
2023
Arnounls tslling duè within onè year on demand=
Bank loans
60,000
53.848
Amounts falling due be￿yet￿ and five years:
Bank loans- 2-5 years
90,408
156.560
17. LEASING AGREEMEtr￿S
Minimum ￿ase payments fall due as follows..
Hire pw¢hase contracts
2024
2023
Net obligations repayable..
Wlhin one year
Betsveen one and five yea[$
17,163
11,109
17,163
26,383
28,272
43.546
Nort-cancellable
operating leases
2024
2023
Vlfitrin one year
Be￿een one and five years
4.708
8,788
1,220
3,355
11.494
4,575
Page18
tt)nknuèd...

Forniby Pool Trust
Notes to the Financial Statements - continued
forthe Year Ended 31 March 2024
18. MOVEMENT IN FUNDS
Capital
expenditure
Net
paid out of
movement in devèlopmenl
funds
fiJnd
Transfers
be￿een
nds
At 01.04.23
At 31.03.24
Unr95trÉcted funds
General fund
Development fund
199,255
24.424
169.124)
24,424
124.4241
154,555
TOTAL FUNDS
223.679
169.124}
154,555
Net movement in funds, induded in the above are a8 follows..
Ir￿ornIng
resources
Resources Movement in
exwded
furKI8
Unrostricted funds
General fund
2,314,592
12.383.716)
169.124}
TOTAL FUNDS
2,314,592
12,383,716)
169,1241
Comparatives for movement in ￿rtd$
Capital
expenditure
Net
paid out of
movement in develvpment
funds
lund
Transfers
be￿een
funds
At 01.04.22
At 31.03.23
UnrestriGtod funds
General fvnd
Developmentfund
226,042
24.424
126,7871
199,255
24,424
TOTAL FUNDS
250.4C
126.7871
223,679
Net movement in fiJnd$, IndUd￿ in the atx)ve are as follows..
In¢oming
resources
Resour￿$ Movement in
expended
funds
Unrnstricted fund8
Gen8ral fvnd
2,090,185
12.116,9721
126.787)
TOTAL FUMDS
2.090,185
{2,116.9721
126,787)
As part of the operating agreement btheen Formby Pool Trust, Formby Land Trust and Sefton M8C,
a designated development fund was established.
From the year ended 31 MaTch 2018 onward$. 50% of any surpluses generated by Formby Pool TTUSI
are transferred lo the Developrnent Fund lo be used lor developments to thé f3eilib.és or se￿1¢$$ as
agreed by tt)e partnership toard.
Page19
continued...

Forniby Pool Trust
Notes to the Financial Statements - continued
forthe Year Ended 31 March 2024
19.
RELATED PARTY DISCLOSURES
Fomby Pool Twsl are part of a lri-party agreement tQgethor wth Formby Land Trust and Sefton M8C
to enable the operation of the leisure centte.
Fomby Land Trust own the land and buikling within whl¢h Fomty Pool Trust opèratss the leisure
cenlre.
The land and building are leased Under the temis of a lease wilained within the Operab'ng Agreement
and there is a representativ8 of Fomiby Land Trust on the Fomiby Pool Trust board of tru51ees. Rent
totslling £5,000 was charged to profil and loss during the year {2023.' £5.000}.
Sefton MBC provide Fomiby Pool Trust with an annual fee contribution towards the operation of the
leisure (*ntré. Sefton MBC provKles a Sinking Fund which is accessed for ￿fecY￿e Maintènan￿ and
building requirements at the leisure cenlre. There a￿ ordinarily two ￿preSentat￿eS of Sefton MBC on
the Formby Pool Trust board of tru¥tee8.
During the 2017 year end the operating agreement was Wi￿ Seflon MBC and a new ten year
lease was agreed and The annual fee g)ntlLbulion has been agreed which provides 8 finan¢ial
subsidy linked with RPI.
Fomby Pool Tnjst received an Annual Fee contribution from Sefton MBC of £227,741 12023..
£260.7581 under the temis of the Operating Agreement and £288.765 12023.. £79,039) was aC￿sSed
in relation to Lifecycle works paid lor out of the Sinkw)g Fund. At the year end £130,493 (2023..
£16,340) was due from Sefton Council in respect of LrfeCy¢le works.
Formby Pool Twsl paid Sgfton MBC £7.003 (2023.. £27.7121 foT waste removal and securrty ServI￿S
and £6,432 12023.. £11,950) for general rates. Al the year eThJ an amount of £920 12023." £450} was
due to Sefton MBC in resped ofthe above recharges.
In an earlier year. Forn)by Pool Trust a￿eed to provide a contribution in relat￿n lo equipment to
Formby Land Trust following wmpletion of the 8Xtènsion during 2019120. The total conlributiDn was
£60,000 of whlch £24,900 rgmains QLtstandirrfJ as at the yearend and falls payable within the 2024r25
anaal year.
Page 20