2024-09-30-accounts

LAZONBY AND DISTRICT SWIMMING POOL ASSOCIATION LIMITED (A company limited by guarantee) UNAUDITED DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Registered number: 06553636 Charity number: 1123849

LAZONBY AND DISTRICT SWIMMING POOL ASSOCIATION LIMITED (A company limited by guarantee) CONTENTS Page Reference and administrative details of the charity, its Directors and advisers Directors, report Independent examiner's report Statement of financial activities Consolidated balance sheet 10 Company balance sheet 11 Notes to the financial statements 12.18

LAZONBY AND DISTRICT SWIMMING POOL ASSOCIATION LIMITED (A company limited by guarantee) Reference and Administrative Details of the Charity, its Directors and Advisers for the Year Ended 30 September 2024 Directors S.A. St John, Chair A.J. Davies D. Scott J.C.N. Kidd, Treasurer T.G. Armstrong A. Farrington (appointed 29 July 2024) D. Farrington (appointed 26 September 2024) Company Registered Number 06553636 Charlty Registered Number 1123849 Reglstered Office Lazonby School, Lazonby, Penrith, CA10 1 BL Independent Examlning Accountants Robinson Udale, The Old Bank, 41 King Street, Penrith, CA117AY

LAZONBY AND DISTRICT SWIMMING POOL ASSOCIATION LIMITED (A company limited by guarantee) Directors, Report for the Year Ended 30 September 2024 The Directors present their Annual Report together with the financial statements for the year ended 30 September 2024. The Directors confirm that the Annual Report and the financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 is not required. Objectives and Activities In setting objectives and planning for activities, the Directors have given due consideration to general guidance published by the Charity Commission relating to public benefit. Principal Activities and Public Benefit The company's principal activity is the operation of an open air heated swimming pool in the village of Lazonby in the Eden Valley, Cumbria. The Pool is open to the public from late April until early September. In addition, it manages a children's playground, and through its wholly-owned subsidiary company, Lazonby Pool Campsite Limited, operates a campsite (revenues from which ultimately assist in the operation of the Pool), both on land adjoining the swimming pool. The principal objective of the Association is the promotion of instruction in, and the opportunity to participate regularly in, swimming, and thus to provide outdoor, healthy social activities for the residents of Lazonby and its surrounding area, and for visitors to the area. The Directors of Lazonby and District Association Swimming Pool believe they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. Review of the Year 2024 marked the 60th anniversary of the opening of Lazonby and District Swimming Pool, which is a remarkable achievement, the result of vast amounts of time. effort and love devoted to it across several generations. It is very striking to think of where the children who must have greeted the new Pool with such enthusiasm in 1964 are now! Very simply, this is a great community asset serving not only Lazonby itself. but all of the surrounding villages too. Following the completion of remediation works to the Pool itself, and a thorough re-decoration of the changing rooms, the season CE5mmenced with the 'Big Splash, on Saturday 4 May: The daily admission price was1eft unchanged from the previous year at £6, and sp2son tickets were increased by in the region of 3-4 % . We were very grateful for the support of local people, in that the numbers of season tickets sold this year were broadly similar to last year; with 186 adults and 103 children (under 18) holding season tickets. As ever, the financial success of the Pool in any year is directly linked to weather conditions, with those in school holidays being particularly important. As a result, there was a disappointing start to the season, with the cool and unsettled weather in May and June in particular depressing takings and campsite usage. However, more favourable weather in July and August helped to recover the situation

somewhat, albeit not to the point where income matched last yearfs. The number of daily admissions reduced from 2023's levels of around 2,400, to around 2,100. The role of the Pool's kiosk, operated entirely by volunteers, in providing snacks, drinks and ice creams continues to be absolutely vital both in terms of raising money, but also, in adding to the attractiveness of the Pool as a destination. There were swimming lessons for the children of Lazonby, Kirkoswald and Armathwaite Primary Schools, three visits from the parenvteacher association of the last of these, and Leavers, parties for these primary schools and one other. The Kirkoswald Cubs, Beavers and Scouts Groups also held events at the Pool, as did Carlisle and Penrith Mencap, who with the support of a generous grant from the People's Health Trust, held 9 sessions at the Pool. Our water sports activities continued to thrive, i.e. water polo for adults and children, and Rookie Lifeguard courses (attended by 23 children). Aquafit sessions were also held which were well attended. The Campsite continued to be popular, being fully booked at many times through the season, although bookings were affected by the poor weather in the first half of the season and income was very similar to last year. The Directors regard the financial outcome for the year as acceptable, being on a consolidated basis, i.e. the Pool together with the Campsite, a deficit after dep￿CiatIon of £383. Costs were very similar to the previous year, with as discussed above, income being slightly reduced. On a consolidated basis however, net current assets increased by just over £10,000. The corporation tax liability in the previous year's accounts in respect of the campsite has been cleared, and Lazonby Pool Campsite Limited achieved a net profit of just over £8,200, which will be donated to the Pool in full once these accounts have been signed and filed. We cannot emphasise too much however, how vital the many volunteers who freely give their time to the operation of the Pool, are in: staffing the kiosk, ensuring that it is well stocked, running the campsite (both in terms of administering bookings via the Pitchup website, but also dealing with all the issues that arise), organising repairs to and the maintenance of the Pool and its plant (not least the very early morning testing of the water quality that is required before the Pool opens at 6.30am to adult swimmers), and undertaking all of the administrative tasks associated with operating the Pool. A huge thank you to everyone who has helped enable the Pool and Campsite to open and fundion successfully. you are hugely appreciated. We would also like to record our grateful appreciation to: our paid employees, being our cleaner, who is absolutely essential to maintaining the changing rooms. toilets and showers for both swimmers and campers, the 11 lifeguards, who all did sterling work this year. United Utilities, whose tankers arrive one day in April each year to fill the Pool with its water for the season at no expense to us. we are hU￿elY grateful for this, Westmorland and Furness Council, faLth4ir support of the Pool through their annual Rural Pools Grant and a further grant which assisted in the training of 4 new lifeguards, and Kirkoswald Parish Council. for their generous donation. To mark the 60th anniversary of the Pool however. we have committed to a project involving significant fundraising campaign to transform it going forward. Naturally. a key issue for us is to ensure that the Pool remains in good condition so that can continue to serve the community in the future, and our main area of concern at present, is that the interior surface of the pool, especially the bottom, has degraded to such an extent that it needs complete refurbishrnent. We have been carrying out interim, partial repairs and painting for several years now,

but the life of these is limited. they are expensive, and the weather inevitably means that the windows of opportunity for them are short in the spring of each year. prior to opening at the start of May. The structure of the Pool itself is now in need of a complete overhaul with fundamental repairs to be carried out, in particular. the installation of a new lining system, which would safeguard the Pool for many years to come. When this project is carried out, we also intend to bring the Pool's design up to date by installing surface level "skimmerf, outlets to remove water for cleaning in the filter more efficiently, therefore improving the water quality. We welcomed two new directors to the Board this year, Ann and David Farrington, and we are hugely grateful that their expertise and hard work have driven this project forward, in terms of identifying the ne￿SSary technical solutions, conducting a tender process to obtain quotes, and in raising funds, as the project would be beyond the current resources of the Pool. They have led a 'Crowdfunder' initiative to raise donations from individuals, approached local firms and councils and applied to grant making bodies. We will provide further detsils in next year's report, but we are delighted with our progress so far and are very hopeful of a successful outcome. A key focus for the future for Directors, continues to be the close monitoring of ongoing costs and the enhancement of revenue where possible, with strategic consideration of when significant items of capital expenditure might become necessary- a clear example of which of course, is the current refurbishment project. Principal Rlsks and Uncertaintles The major risks to which the pool is exposed, as identified by the directors, have been subjected to detailed consideration and systems have been established to mitigate those risks. The main risks of the company are: Governance The company relies on its d1￿ctorS to control and guide the charity. The availability of suitable directors is at times a concern. there are 7 directors at present, which is a sufficient number to provide governance. but the directors welcome further suitable directors as and when available. Operational The company follows the health & safety procedures as published in its policy documents. It follows their guidelines on risks assessments for all activities. All operations are subject to annual examination by Environmental Health Officers of the Local Authority (Eden District Council). Normal Operating Plans, Emergency Action Plans and Risk Assessments are reviewed annually. The company operates a rigorous safeguarding policy for children and vulnerable adults. Financial The Directors are very conscious that the current economic climate is challenging for the o.peration of the Pool. as a result of increasing staff and electricity costs in particular, and restricted discretionary spending for the public generally_on the other. Financial information is provided to directors on a monthly basis during the oporatiug season and a budget is prepared and consideredbylbe Board. As a charity, the company relies upon continued support from local volunteers and businesses, as well as local councils. Going Concern After making appropriate enquiries, the Directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Reserves Pollcy It is the policy of the charity to maintain unrestricted funds at a level that provides sufficient funding for the start of the next season, to cover out-of season maintenance costs and annual start-up costs. The ultimate aim is to build up reserves over the coming season to finance capital improvements to the Pool, as they become necessary. Structure, Governance and Management Constitution Lazonby Pool was built in 1964 by local villagers and registered as a charity. on 3 April 2008, the company was incorporated as a company limited by guarantee, having no share capital, and the business and assets of the Association were subsequently transferred into the company. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is covered under its Articles of Association. Method of Appointment or Election of Directors The management of the charity is the responsibility of the Directors who are elected and co-opted under the terms of the Articles of Association. Pollcles Adopted for the Induction and Tralnlng of Directors New directors are made aware of their obligations and duties as directors, and share the essential duties of operating the Pool between them. Directors are encouraged to take up any training that may be available that will enable them to perform their duties in a better manner. Organisational Structure and Decision Making Lazonby and District Swimming Pool Association Limited is an independent charity. The Directors are responsible for the overall management and control of the charity and during the operating season are in frequent contact to address any issues that arise. and receive monthly financial reports. Formal meetings are held as required and the Directors maintain scrutiny of the major strategic, business and operational risks which the charity faces. Wider Network The Pool maintains good relations with other local outdoor swimming pools, as together we all face similar challenges. Directors, Indemnities The charity holds a standard insurance policy which includes a directors, indemnity against any liability in connection with any negligence, default, breach of duty or breach of trust in relation to the charity. Members. Liability The members of the company guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. Directors, Responsibilities Statement The Directors are responsible for preparing the Directors, Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law reqUI￿S the Directors to prepare financial statements for each financial year. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing the financial statements, the Directors are required to:

Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charities SORP Make judgements and accounting estimates that are reasonable and prudent Prepare the financial ststements on the going concern basis unless it is inappropriate to presume the charitable company will continue in operation. The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Directors on 6 March 2025 and signed on their behalf by: S.A. St John Chair

LAZONBY AND DISTRICT SWIMMING POOL ASSOCIATION LIMITED (A company limited by guarantee) Independent Examiner's Report to the Directors of Lazonby and District Swimming Pool Association Limited ('the Company,) for the Year Ended 30 September 2024 I report to the Gharity Directors on my examination of the accounts of the Company for the year ended 30 September 2024. Responsibilities and Basis of Report As the Directors of the Company (and 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, I report in respect of my examination of the Company's accounts 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 confirm that l am qualified to undertake the independent examination. l am a member of the Institute of Chartered Accountants of Scotland (ICAS), which is one of the listed bodies in section 145 of the 2011 Act. 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: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or the accounts do not accord with those records. or 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 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)]. I 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. .. This report is made solely to the Company's Directors&s a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to Éhe Company's Directors those matters l ¢ouired to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Directors as a body, for my work or for this report. Daniel Roper Robinson Udale, Chartered Accountants, Penrith Date: 7 March 2025

LAZONBY AND DISTRICT SWIMMING POOL ASSOCIATION LIMITED (A company limited by guarantee) Consolidated Statement of Financial Actlvities incorporating the Income and Expenditure Account For the Year Ended 30 September Note Total funds 2024 Total funds 2023 Income from: Ope￿tiOnS Donations and Grants Interest 89,142 5,030 698 93,568 7,677 450 Total Income 94,870 101,695 Expenditure on: Operational costs Depreciation and loss on disposal of assets 82,655 12,550 95,205 82,392 13,199 95,591 Corporation tax 48 3,366 Net (expenditure)lincome and net movement in funds 383 2,738 Reconclllatlon of funds: Totsl funds brought forward Net (expenditure)lincome in the year Total funds carried forward 111,926 383 109,188 2,738 111.926 There were no other recognised gains or losses in the year, or in the prior year. The notes on pages 12 to 18 form part of these financial statements

LAZONBY AND DISTRICT SWIMMING POOL ASSOCIATION LIMITED (A company limited by guarantee - registration number 06553636) Consolidated Balance Sheet as at 30 September 2024 2024 2023 Note Tangible Fixed Assets Current Assets Debtors Cash at bank and in hand 53,598 64,025 11 2.020 63,551 65.571 1,501 66,414 67,915 Creditors Amounts falling due within one year 12 7,626 20,014 Net Current Assets 57,945 47,901 Net Assets 111,543 111,926 Charitable Company Funds Unrestricted funds Restricted funds 111,543 109,235 2,691 13 Total Funds 111,543 111,926 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The Directors consider that the charitable company and its wholly owned subsidiary company are entitled to exemption from the requirement to have an audit under the provisions of section 447 of the Companies Act 2006 ("the Act") and members have not required the charitable company to obtain an audit for the year in question in accordance with section 476 of the Act. The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements were approved and authorised for issue by the Directors on 6 March 2025 and signed on their behalf by: Stuart St. John. Chair John Kidd, Treasurer The notes on pages 12 to 18 form part of these financial statements 10

LAZONBY AND DISTRICT SWIMMING POOL ASSOCIATION LIMITED (A company limlted by guarantee- registratlon number 06553636) Company Balance Sheet as at 30 September 2024 2024 2023 Note Tangible Fixed Assets Investment in subsldiary Current Assets Debtors Cash at bank and in hand 53,598 100 64.025 100 10 11 10,254 54,077 64,331 2,041 66,414 68.455 Creditors Amounts falling due within one year 12 6.486 20,114 Net Current Assets 57.845 48,341 Net Assets 111,543 112,466 Charltable Company Funds Unrestricted funds Restricted funds 111,543 109.775 2,691 13 Total Funds 111,543 112,466 The financial statements were approved and authorised for issue by the Directors on 6 March 02 d signed on their behalf by: Stuart S . ohn, Chair John Kidd, Treasurer The notes on pages 12 to 18 form part of these financial statements

LAZONBY AND DISTRICT SWIMMING POOL ASSOCIATION LIMITED (A company limited by guarantee) Notes to the Financial Statements for the Year Ended 30 September 2024 Accounting Policies Basis of preparation of financlal statements The financial statements have been prepared in accordance with 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 Ireland (FRS 102) (effective 1 January 2019)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Lazonby and District Swimming Pool Association Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. Company status The charity is a company limited by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income re￿iVed for specific purposes but not expended during the period is shown in the relevant note to the accounts. In accordan￿ with the Charities SORP (FRS 102), the general time of the volunteers is not recognised. please refer to the Directors, Report for more informa*'@n about their contribution. Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. All expenditure is inclusive of irrecoverable VAT. Tangible flxed assets and depreciation All assets costing more than £200 are capitalised. A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate thal the carrying value of any fixed asset may not be rècovérable. Shortfalls be￿een the carrying Value o.f fixed assets and their recoverable amounts are. reGognised as impairments. Impairment ~10s￿eS are recognised in the Statement of Financial Aclivitiès incorporating the Income and Expenditure Account. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Improvements to Property 5% and 10% oncost Playground works 10% oncost Pool plant and equipment 250/0 on reducing balance 12

Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. Debtors Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid. Cash at Bank and in hand Cash at bank and in hand includes cash and highly liquid investments. Liabilities and provisions Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement Can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 1.10 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 1.11 Taxatlon The charity is exempt from corporation tax on its charitable activities. 1.13 Pensions As no employee earns £10,000 per annum and therefore there is no requirement to enrol an employee into a pension scheme, the charity does not operate a pension scheme. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors. 1.15 Golng Concern The charitable company and its wholly owned subsidiary have net current assets of £57,945 and net assets of £111,543 at the year end, following a deficit in the year of £383. The charity does not rely on creditors for financial support and has maintained satisfactory cash reserves. The Directors have prepared cash flow forecasts to show that this cash reserve will be sufficient to allow the charity to continue its service provision for a period of at least 12 months from signing the financial statements. As such, they believe the going concern basis to appropriate for the year to 30 September 2024. 1.16 Post balance sheet events As set out in the Directors, Report. since the year end grant applications have been made and fundraising undertaken with respect to a project to refurbish the structure of the Pool, which it is anticipated will cost in the region of £70-80,000. At the date of this report, the outcome of this appears to be positive and although no contractual commitments have been made. it is anticipated that the project will proceed with relatively limited use of existing reserves. 13

1. Income from Operations 2024 2023 Admissions - day tickets Admissions - season tickets Hire of Pool Kiosk sales Water sports sessions Other pool events and courses Campsite bookings Other income 12.763 17,109 5.866 6,957 1,018 1.727 38,439 5.263 13,962 18,082 6,576 9,614 1,093 2,411 38,228 3,602 Total income from operations 89,142 93,568 Donations and Grants 2024 2023 Donations Grants 363 4.667 599 7,078 Total
2. Investment Income All investment income is received by unrestricted funds 2024 2023 Bank interest received 698 450 14

Expenditure 2024 2023 Wages of lifeguards and cleaners Electricity General maintenance and repairs Insurance Kiosk food and drink purchases for sale Kiosk equipment and other merchandise Water supply Pool costs - chemicals Pool costs - repairs and sundry equipment Computer expenses Staff training and DBS checks Telephonelinternet Safety inspections, first aid items Campsite website booking commission and associated banking charges Booking system fees Other banking charges Postsge and stationery Instructors, fees for courses Uniforms Accountancy Boccia equipment, instruction and other costs Rent payable Other costs Depreciation and loss on disposal of fixed assets 19.623 17,979 8.789 8,352 3,354 378 2,744 2,385 955 748 2,313 242 474 4,300 17,723 15,820 12,398 7,684 4,979 87 3,519 3,066 141 1,507 2,532 519 392 3,316 1,668 172 25 510 193 2,634 1,480 284 467 492 688 2,352 2,602 1,300 915 12.550 2,465 481 13,199 Total 95,205 95.591 As a result of no employee receiving remuneration of £10,000 per annum, no employees were enrolled in a pension scheme and therefore no pension costs were incurred in either year. Independent Examlner's Remuneration -.The Independent Examinerfs Remuneration amounts t(La fee of £450 (2023 - £420). 7. Staff and Key Management Personnel 2024 2023 Average number of persons employed The key management personnel of the charity comprise the Directors. No directors received any remuneration in either the current or previous year. 15

Corporation Tax 2024 2023 Corporation tax payable at 19 % 48 3,366 Total 48 3,366 The corporation tax charge in the current year relates to an adjustment to prior year calculations. Tangible Fixed Assets Improvements to Property Playground Pool plant Office Works and equipment Equipment Total Cost At 1 October 2023 Additions At 30 September 2024 96,472 14,912 75,893 2,123 78,016 219 187,496 2,123 189.619 96,472 14,912 219 Depreciation At 1 October 2023 Charge for year At 30 September 2024 54,698 6,946 61,644 6,990 1,491 8,481 61,739 4,069 65,808 123,471 12,550 136,021 88 Net book value At 30 September 2024 34,828 6,431 12,208 131 53.598 At 30 September 2023 41,774 7,922 14,154 175 64,025 10. Investment in Subsidlary Company The charitable company has one trading subsidiary undertaking. Lazonby Pool Campsite Limited (company registration number 15158822, incorporated 23 September 2023). The company is a private company limited by shares, wholly owned and controlled by Lazonby and District Swimming Pool Association Limited, is included in the consolidated accounts and is registered in England and Wales Its principal activity is operating a campsite adjacent to the Pool, and where a profit is made, this is donated to its parent charitable company. The results of the subsidiary for its initial accounting perio7-between 23 September 2023 and 30 September 2024 are as follows: Gross Turnover Gross Expenditure Profit for the year Gross assets at 30 September 2024 Gross liabilities at 30 September 2024 Funds 38,439 30.205 8,234 9,474 9,374 100 16

1. Debtors 2024 2023 Trade debtors Other debtors 39 1,981 1,501 2,020 1,501 At 30 September 2024, Lazonby and District Swimming Pool Association Limited was owed £8,234 by its wholly owned subsidiary company, Lazonby Pool Campsite Limited, being its net surplus for the financial year. At 30 September 2023, Lazonby and District Swimming Pool Association Limited owed £540 to its wholly owned subsidiary company, Lazonby Pool Campsite Limited

2. Credltors - amounts falllng due wlthln one year 2024 2023 Trade creditors Corporation tax Other taxation and social security Accruals 616 1,221 7,533 63 11,197 7,010 7,626 20,014 At 30 September 2023, Lazonby and District Swimming Pool Association Limited owed £100 to its wholly owned subsidiary company, Lazonby Pool Campsite Limited, in respect of its investment in the company's share capital. 17

3. Restricted Funds Movements on restricted funds in the current and previous year are shown below. Current year: People's Roselands Westmorland Health Trust Trust & Furness Council Total Balan￿ at 1 October 2023 Grants received Expenditure 2,253 660 (2,913) 438 2,691 1,300 1,960 (1,300) (4,651) (438) Balance at 30 September 2024 Previous year: People's Roselands Kirkoswald Parish Council Cumbria Active Scotmid Total Health Trust Trust Coop Balan￿ at 1 October 2022 Grants received Expenditure 1,487 2,417 (1,651) 1,487 500 1,174 500 3,897 (500) (1,174) {500) (2,693) 980 (542) Balance at 30 September 2023 2,253 438 2,691 In relation to grants received in the current year: The People's Health Trust grants were in respect of a) the construction of, and provision of equipment for, a wet room for the disabled; b) the provision of Boccia (a sport designed for those with high support needs) sessions in Lazonby Village Hall. c) the provision of 'Aqua4AII' and 'A114 Swimming, sessions in the Pool. The Westmorland & Fumess Council grant was in relation to lifeguard training costs. 18