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2021-11-30-accounts

REGISTERED COMPANY NUMBER: 05292627 (England and Wales) REGISTERED CHARITY NUMBER: [113869

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REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

CHIPPING NORTON LIDO LIMITED

VM Murphy & Co Finsbury House, New Street, Chipping Norton, Oxfordshire OX7 SLL

CHIPPING NORTON LIDO LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

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CHIPPING NORTON LIDO LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021

OBJECTIVES AND ACTIVITIES

Achievements and performance

After the very short season of 2020, 2021 saw a gradual easing of restrictions and the emergence of a ‘new normal.’ Pool capacity was increased over the course of the summer, while lessons and activities, such as aquafit and artistic swimming, retumed to the schedule. The changing rooms remained closed but swimmers were tolerant of the beach-style arrangements.

A major development in 2021 was the introduction of an online booking system. When Covid necessitated pre-booking to manage numbers in 2020, the system used was paper-based and relied on email/phone bookings. The office team managed this brilliantly but it was labour-intensive and inefficient, Therefore, an online system was deemed essential for 2021.

Lido Manager, Liz Cooke researched options, taking advice from other lidos already using online booking, the Oscar system was chosen and integrated with The Lido's website, and has been used very successfully ever since. The continuing control of numbers in sessions, and prior knowledge of how many to expect, has brought additional benefits - operational efficiencies, and being popular with swimmers and staff alike.

2021 2020 * 2019 2018 2017 2016 2015 2014
Total swims 16,868 6,549 14,114 19,449 13,597 14,296 11,203 ~=—-:13,845
Free toddlers 311 81 243 343 150 318 331 389
Children 4,669 2,113 5,248 7,167 4,978 5,732 4,072 5,380
Concessions: 664 1,185 962 880 632 618
Madeup of:
Over 60's 1,165 498 859 763 733 490
Disabled / benefit a 23 59 30 14 40
Student 143 267 169 93 102
Overs 60s (free session) 217 470 402 411 534 427 476
Under5s (free session
pilot) 120 92
Activities 923

** Whilst we no not offer a concessionary rate for disables swimmers, we do provide free admission for carers

We resumed our training schedule for lifeguards and ran an NPLQ course for new lifeguards.

In the interest of extending the range of activities on offer and make good use of our lawns, we were able to introduce a weekly Tai Chi class.

In June we were successful in a bid to Sport England's Community Leisure Relief Fund (CLRF) and received a grant of £36,200. We used this funding to widen access for those people most adversely affected by the pandemic (specifically children, older people and those living in deprivation) and to support the longer term sustainability of the business. As a result, we were able to provide:

We were also able to make further price reductions for children,

Maintenance & refurbishment

The first half of this financial year was dedicated to the full re-roofing and refurbishment of the café building. This essential work was led by Rupert Blakeley and Liz Cooke, whose combined expertise in construction and design gave us the opportunity to re-arrange the interior of the building in order to create a training/event space as well as smaller, but more efficient, café and storage areas. We were able to re-open the café in July 2021.

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CHIPPING NORTON LIDO LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financia! Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and activities

The main objectives of the charitable company are to promote for the benefit of the inhabitants of Chipping Norton and the surrounding villages the provision of a Lido (open air heated swimming pool and recreational area) for their interest and social welfare. The objective of the charitable company is promoting health to the public at large through access to healthy recreation and sports education, and of improving the condition of life of said inhabitants.

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CHIPPING NORTON LIDO LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021

OBJECTIVES AND ACTIVITIES

Existing designated reserves and an additional sum from unrestricted reserves were allocated to the work, boosted by the CLRF grant and donations from Jeremy Clarkson, JS Bloor, the Wyfold Charitable Trust, Rupert Blakeley and Liz Cooke. The café is an important secondary source of income for The Lido and the new training, event and workspace has proved invaluable.

In the plant room, we invested in two new boilers for the main pool and installed a mezzanine to provide more storage for inflatables, pool equipment, etc.

Green initiatives

Solar PV continued to help offset the pool's high energy costs. Feed in Tariff income eared by The Lido's solar panels generated £3,501 in additional, unrestricted income.

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CHIPPING NORTON LIDO LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021

FINANCIAL REVIEW

Financial review

Trading figures

Trading income from pool activity rose to just under £140,000 - up from £44,207 in 2020 when we were able to open for only eight weeks. This figure reflects not only a full season of swimming, but also the additional income from activities, such as lessons, etc, which had not taken place the previous year. It is also indicative of the continued high take-up of capacity and the fact that prices remained at the higher rates introduced in 2020.

Expenditure rose, again as a direct result of operating a full season but also as price inflation began to have an impact on energy, materials and chemicals costs. The booking system represents a new line of expenditure (a net cost of around £5,000) but is contributing significantly to overall operational efficiency. After several years of accruals for unbilled utilities, these are now mostly resolved with only outstanding water costs to be settled.

The café ran at a small overall loss over its six weeks of operation. This had been anticipated and was covered by the Sport England CRLF grant, as the trustees considered it important to re-establish the café as a core part of our offer to customers.

Grants, fundraising and sponsorship

Chipping Norton Town Council remained the only source of public funding for core costs with a grant of £5,000 received in December.

We received a Covid Restart Grant of £12,000 from West Oxfordshire District Council.

The Lido Lottery raised £2,721 after costs, while individual donations amounted to £2,160. Several lottery winners very kindly donated their winnings back to the pool. No public fundraising events such as the Summer Solstice celebration, Auction of Promises or Dog Swim were feasible in 2021.

Gifts in kind were a further, and highly significant, source of support. We especially acknowledge the continued support of:

Scott Bimie (training)

Kate Ward (fundraising support) Duncan Wood (plant room) Matt Jackman (landscape and maintenance) Mark Walters (electrical work) Gary Creese (event support) Ellie Walker (HR advice) Rupert Blakeley (café project) Liz Cooke (café project)

The trustees wish to thank all members of The Lido staff, whose continued dedication plays a central role in everything The Lido offers the local community. The trustees remain indebted to Liz Cooke, who led the team once again, ensuring a high-quality experience for users, both in terms of the facilities available and the welcoming professionalism of the staff. Liz also plays an essential role in helping The Lido operate safely and efficiently; her creativity keeps the programme fresh, for instance finding a Tai Chi teacher, and her commitment to The Lido and the community it serves cannot be overstated.

Finally, the trustees would like to thank all the other local organisations, businesses, individuals and volunteers whose ongoing support helps ensure The Lido remains open.

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CHIPPING NORTON LIDO LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021

FINANCIAL REVIEW

Reserves policy

Designated funds

It is the trustees’ intention to continue to raise capital funds in order to complete the refurbishment of the pools and buildings which are nearly 50 years old.

The trustees have allocated £30,000 to designated funds towards the reinstatement of the steam room, refurbishment of outside toilets, replacement of external doors and installation of outdoor showers.

Unrestricted funds reserves policy

The trustees have examined the charitable company's requirements for reserves in the light of the main risks to the organisation, as outlined below. The Lido aims to have operating reserves of sufficient scale to meet the working capital requirements of operating the pool for six months without the need for fundraising. In the light of current energy market trends, the trustees currently estimate this to be circa £30,000.

Potential risks

The trustees have examined the major strategic, business and operational risks which the charitable company faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. Major risks identified include:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

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CHIPPING NORTON LIDO LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021

The company is established under a Memorandum and Articles of Association which determines the objects and powers of the charitable company. It is also governed by its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £5. The directors of the company are also the charity trustees for the purpose of charity law and, under the company's Articles, are known as members of the Management Committee. Under the requirement of the Memorandum and Articles of Association the members of the management committee are elected to serve for a period of three years after which they must offer themselves for re-election at the next Annual General Meeting.

As a matter of routine, new trustees are given a copy of the Charitable Company Commission's booklet entitled 'The Essential Trustee: What you need to know’ as part of an induction pack, which they are advised to read without delay.

All the trustees who served during the period are as detailed on the information page. Their knowledge is kept up to date by distributing charity newsletter and updates. Regular meetings also take place where matters are brought to the directors’ attention.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05292627 (England and Wales)

Registered Charity number 1113869

Registered office The Lido Fox Close Chipping Norton Oxfordshire OX7 SBZ

Trustees MsC Jarvis S P Nelson R Blakeley Ms C Williamson J Bland Ms JP E Jaffe Ms A M Davies M Hatherly Trustee Company Secretary Ms AM Davies

Independent Examiner VM Murphy & Co Finsbury House, New Street, Chipping Norton, Oxfordshire OX7 SLL Approved by order of the board of trustees on BR rz... and signed on its behalf by: MsMawcw. C Jarvis - ‘Trustee 4

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHIPPING NORTON LIDO LIMITED

Independent examiner's report to the trustees of Chipping Norton Lido Limited (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, [ report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 ofthe 2006 Act; or 2s the accounts do not accord with those records; or 3. the accounts 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 which is not a matter considered as part of an independent examination; or

  2. 4, the accounts 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

[ have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

MA Nawsny

VM MURPHY ACCA

VM Murphy & Co

Finsbury House,

New Street, Chipping Norton, Oxfordshire

Date: Zo[TYAS][‘][WA]

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oS
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CHIPPING NORTON LIDO LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021

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|||||||| |---|---|---|---|---|---|---| |2021|2020| |Unrestricted|Restricted|Total|Total| |funds|fund|funds|funds| |Notes|£|£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|25,860|40,400|66,260|30,928| |Charitable|activities| |Pool|139,827|-|139,827|44,207| |Other trading|activities|2|17,973|-|17,973|10,333| |Investment|income|3|568|-|568|476| |Total|184,228|40,400|224,628|.|85,944| |EXPENDITURE|ON| |Raising|funds|55,908|24,200|80,108|1,950| |Charitable|activities| |Pool|126,517|23,551|150,068|100;988| |Total|182,425|47,751|230,176|102.938| |NET INCOME/(EXPENDITURE)|1,803|(7,351)|(5,548)|(16,994|)| |RECONCILIATION|OF FUNDS| |Total funds brought forward|87,272|81,635|168,907|‘185,901| |TOTAL FUNDS CARRIED FORWARD|89,075|74,284|163,359|168,907|

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The notes form part of these financial statements

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CHIPPING NORTON LIDO LIMITED

BALANCE SHEET

30 NOVEMBER 2021

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2021|2020| |Unrestricted|Restricted|Total|Total| |funds|fund|funds|funds| |Notes|£|£|£|£| |FIXED|ASSETS| |Tangible|assets|6|10,088|74,284|84,372|102,363| |CURRENT|ASSETS| |Debtors|p|1,171|-|L171|1,189| |Cash|at bank and|in hand|102,732|2|102,732|107,468| |103,903|-|103,903|108,657| |CREDITORS| |Amounts|falling|due|within|one|year|8|(24,916)|-|(24,916)|(42,113)| |NET CURRENT|ASSETS|78,987|-|78,987|66,544| |TOTAL ASSETS|LESS|CURRENT| |LIABILITIES|89,075|74,284|163,359|168,907| |NET ASSETS|89,075|74,284|163,359|168,907| |FUNDS|D| |Unrestricted|funds|89,075|87,272| |Restricted funds|74,284|$1,635| |TOTAL FUNDS|163,359|168,907|

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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

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CHIPPING NORTON LIDO LIMITED

BALANCE SHEET- continued 30 NOVEMBER 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on T3fR 2...

companies

and were signed on its behalf by:

CA , C Jarvis - Trustee

The notes form part of these financial statements

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  1. ACCOUNTING POLICIES

CHIPPING NORTON LIDO LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30NOVEMBER 2021

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of [reland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 10% oncost Fixtures and fittings - Straight line over 25 years

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

  1. OTHER TRADING ACTIVITIES
2021 2020
£ A
Fundraising events 17,973 10,333

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CHIPPING NORTON LIDO LIMITED

  1. INVESTMENT INCOME

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 NOVEMBER 2021

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|||||| |---|---|---|---|---| |2021|2020| |£|£| |Deposit account interest|568|476| |4,|NET|INCOME/(EXPENDITURE)| |Net|income/(expenditure)|is|stated|after charging/(crediting):| |2021|2020| |£|£| |Depreciation|- owned assets|19,303|19,334| |Independent examiner|660|630|

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  1. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2021 nor for the year ended 30 November 2020.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 30 November 2021 nor for the year ended 30 November 2020.

  1. TANGIBLE FIXED ASSETS

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||||||| |---|---|---|---|---|---| |Fixtures| |Plant and|and| |machinery|fittings|Totals| |£|£|3| |COST| |At|1|December 2020|137,153|140,446|277,599| |Additions|1,312|-|L312| |At 30 November 2021|138,465|140,446|278,911| |DEPRECIATION| |At|1|December 2020|99,535|75,701|175,236| |Charge|for year|19,303|is|19,303| |At 30 November 2021|118,838|75,701|194,539| |NET BOOK VALUE| |At 30 November 2021|19,627|64,745|84,372| |At 30 November 2020|37,618|64,745|102,363|

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CHIPPING NORTON LIDO LIMITED

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 NOVEMBER 2021

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |7.|DEBTORS:|AMOUNTS|FALLING|DUE WITHIN|ONE|YEAR| |2021|2020| |£|£| |Other debtors|1,171|1,189| |8.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR| |2021|2020| |£|£| |Trade|creditors|15,255|23,484| |Accrued|expenses|9.661|18,629| |24,916|42,113| |9.|MOVEMENT|IN|FUNDS| |Net|Transfers| |At|movement|between|At| |1.12.20|in|funds|funds|30.11.21| |£|£|£|£| |Unrestricted|funds| |General|fund|22.272|1,803|35,000|59,075| |Designated|funds|65,000|-|(35,000)|30,000| |87,272|1,803|-|89,075| |Restricted|funds| |Restricted|funds|81,635|(7,351)|-|74,284| |TOTAL FUNDS|168,907|(5,548)|-|163,359| |Net movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|184,228|(182,425)|1,803| |Restricted funds| |Restricted|funds|40,400|(47,751)|(7,351)| |TOTAL FUNDS|234.628|(230,176)|(5,548)|

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CHIPPING NORTON LIDO LIMITED

NOTES TO THE FINANCLAL STATEMENTS- continued FOR THE YEAR ENDED 30 NOVEMBER 2021

5. MOVEMENT IN FUNDS- continued

Comparatives for movement in funds

.

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Net|Transfers| |At|movement|between|At| |1.12.19|in|funds|funds|30.11.20| |£|£|£|£| |Unrestricted|funds| |General|fund|48,613|(6,341)|(20,000)|22,272| |Designated funds|45,000|=|20,000|65,000| |93,613|(6,341)|-|87,272| |Restricted|funds| |Restricted funds|92,288|(10,653|)|-|81,635| |TOTAL FUNDS|185,901|(16,994)|-|168,907| |Comparative|net movement|in|funds,|included|in the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in funds| |£|£|£| |Unrestricted|funds| |General|fund|84,860|(91,201)|(6,341)| |Restricted|funds| |Restricted|funds|1,084|(11,737)|(10,653)| |TOTAL FUNDS|85,944|(102,938|)|(16,994)| |A current year|12|months|and|prior year|12|months|combined|position|is|as|follows:| |Net|Transfers| |At|movement|between|At| |1.12.19|in|funds|funds|30.11.21| |£|£|£|£| |Unrestricted|funds| |General|fund|48,613|(4,538)|15,000|59,075| |Designated|funds|45,000|-|(15,000)|30,000| |93,613|(4,538)|-|89,075| |Restricted|funds| |Restricted funds|92,288|(18,004)|=|74,284| |TOTAL FUNDS|185,901|(22,542)|-|163,359|

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CHIPPING NORTON LIDO LIMITED

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 NOVEMBER 2021

9. MOVEMENT IN FUNDS- continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

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|||||| |---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|23| |Unrestricted|funds| |General|fund|269,088|(273,626)|(4,538)| |Restricted|funds| |Restricted|funds|41,484|(59,488)|(18,004)| |TOTAL FUNDS|310,572|(333,114)|(22,542)|

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10. RELATED PARTY DISCLOSURES

During the year, trustee R Blakeley invoiced £57,834 plus VAT to the Lido for goods and services relating to work undertaken on the café refurbishment and general repairs and maintenance.

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CHIPPING NORTON LIDO LIMITED

DETALLED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021

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|||||| |---|---|---|---|---| |2021|2020| |£|£| |ENCOME|AND|ENDOWMENTS| |Donations|and|legacies| |Gifts|66,260|30,928| |Other|trading|activities| |Fundraising|events|17,973|sas|10,333| |Investment|income| |Deposit account|interest|568|476| |Charitable|activities| |Pool|income|139,827|44,207| |Total incoming|resources|224,628|85,944| |EXPENDITURE| |Raising donations and|legacies|;| |Costs|of generating|donations|80,108|1,950| |Charitable|activities| |Pool|running costs|149,408|100,298| |Support costs| |Governance|costs| |Governance|costs|660|690| |Total|resources expended|230,176|102,938| |Net expenditure|(5,548)|(16,994)|

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This page does not form part of the statutory financial statements

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