Charity number: 1129732
Company number: 06748050
(England and Wales)
Portishead Pool Community Trust
Report of the Trustees and Unaudited Financial Statements
For the year ended 04 April 2022
Portishead Pool Community Trust Contents Page For the year ended 04 April 2022
| Report of the Trustees | 1 to 6 |
|---|---|
| Independent Examiner's Report to the Trustees | 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| Notes to the Financial Statements | 10 to 17 |
| Detailed Statement of Financial Activities | 18 |
Portishead Pool Community Trust Report of the Trustees For the year ended 04 April 2022
The trustees, who are also directors of the charity for the purposes of the Companies Act, present their annual report together with the independently examined financial statements of Portishead Pool Community Trust (the 'charitable company') for this accounting period ended 4 April 2022. The trustees confirm that the report and financial statements of the charitable company comply with the current statutory requirements (including the duty in Section 4 of the 2006 Charities Act to have due regard to guidance published by the Charity Commission i.e. a public benefit statement), the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.
The report of the trustees has been prepared in accordance with the special provisions of Part 415A of the Companies Act 2006 relating to small companies.
The charitable company is also known under the name Portishead Open Air Pool ('the Pool').
OUR AIMS AND OBJECTIVES
a.PURPOSES
Our charity's purposes (objects) as set out in the objects in our Memorandum of Association are:
In accordance with the Recreational Charities Act 1958, to promote for the benefit of the inhabitants of Portishead and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have a need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of such inhabitants.
The trustees identified a number of aims relating to these objects when the charity was set up in 2009. These aims were outlined in the original business plan for 2009 - 2013. Trustees continue to update the Business Plans, in line with the following Strategic Aims for 2019 to 2024
1.Keep the open air pool facility open for the people of Portishead and surrounding areas and for future generations.
2.Manage, maintain and enhance the pool site as a strong, safe vibrant Community facility
3.Maintain relevant communication with our stakeholders, including PPCT members, North Somerset Council, Portishead Town Council, the local community, staff and volunteers.
4.Establish and maintain the long-term financial viability of the pool site through investment, enhancing the facility for the community, planning for contingencies and through the establishment of a financial reserve.
5.Operate the Trust efficiently and effectively and in a way that accords with all legal obligations
The strategic aims will be achieved by addressing a number of objectives which will build on historic performance and achievements and also take into account feedback from consultation exercises and other research.
b.ENSURING OUR WORK DELIVERS OUR AIMS
We review our aims, objectives, and activities each year to ensure they remain focused on our stated purposes. We refer to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
ACTIVITIES FOR MEETING OBJECTIVES
a.TO MEET THE SWIMMING AND LEISURE RELATED NEEDS OF ALL GROUPS IN THE LOCAL AND WIDER COMMUNITY
As a result of the Covid-19 pandemic the Pool and café did not open in 2020, but following government guidance, procedures were put in place that enabled the pool to open in the 2021 season. Therefore, swimming numbers, although restricted, returned to levels seen pre-pandemic. Swim revenues increased substantially. The café facility opened but the tuckshop remained closed.
b.TO SECURE THE LONG-TERM FUTURE OF THE POOL BY MAINTAINING ITS FINANCIAL VIABILITY AND FINANCIAL MANAGEMENT POLICIES
The charitable company regularly reviews its financial controls and management systems. It aims to operate in a way that meets Charity Commission, company and other relevant regulatory requirements. It uses regular budgetary controls, cash flow and pricing reviews to support decision making, to ensure it is competitive and continues to meet its Business Plans
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Portishead Pool Community Trust Report of the Trustees Continued For the year ended 04 April 2022
objectives into the future.
c.TO ENSURE WE RETAIN LOCAL SUPPORT, THROUGH A STRONG SENSE OF COMMUNITY INTERACTION
We aim to be open and accountable in operating the pool on behalf of local people, through communication with our community. During the year, we have kept the community informed about developments at the pool, and have established strong working relationships with the local media, Portishead Town Council and community enterprises.
We communicate with the community and members through the pool's website, social media, email and working with local schools and other groups. We have held members group meetings to inform and seek feedback on strategic policy.
d.TO MAINTAIN AND DEVELOP THE POOL SITE AND BUILDINGS, AT LEAST IN LINE WITH LEASE REQUIREMENTS
We spent approximately £23,000 (2021: £5,000) in the period on site and buildings upgrades, maintenance and new equipment. The increase reflects increased pool maintenance activity post pandemic.
e.TO PROVIDE A WORKING ENVIRONMENT THAT VALUES AND DEVELOPS ALL ITS PEOPLE TO ENSURE BUSINESS SUCCESS, WHILST BEING INCLUSIVE AND PARTICIPATIVE
We aim to recruit, train and retain motivated, qualified, flexible and empowered lifeguard and cafe staff. We enhance the skills of staff by providing excellent training opportunities and we encourage them to give feedback to improve the operation of the pool and cafe. We also encourage full staff and volunteer participation in the running and success of the pool and cafe. We also aim to offer high quality training and support to all operational volunteers.
We are an equal opportunity organisation, aiming to reflect the diversity of our community, and are committed to a working environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, belief, sex, sexual orientation or disability. We aim to make reasonable adjustments to meet the needs of staff who are or become disabled.
a.TO OPERATE THE POOL FACILITIES, BUILDINGS AND ACTIVITIES, FOLLOWING CURRENT INDUSTRY AND BEST PRACTICE GUIDELINES
Health and Safety is a priority for the charitable company and we engage in the services of external Health and Safety professionals for advice, testing and guidance. We also obtain DBS checks for all paid pool staff. We regularly train all staff in operational matters, following industry best practice guidelines.
b.TO REDUCE OUR ENVIRONMENTAL IMPACT
Whilst we offer a heated open air pool, our biomass boiler means that we seek to operate the pool in with a reduced carbon footprint. Without a suitable supply of completely green energy, an oil-fuelled boiler still has to be used from time to time, when a boost of heat is needed or when the biomass boiler is serviced. We aim to keep our chemical impact as low as possible using modern testing equipment.
Trustees are aware of the carbon impact of heating the pool and we continue to investigate and evaluate alternate heating technologies. We recycle and encourage more recycling, where possible.
c.OPERATE IN A WAY THAT MEETS ITS CHARITY AND COMPANY REGISTRATION OBLIGATIONS
The trustees and management team continually review operations and governance, in order to meet their charity and company registration obligations. This is covered in more detail in the Structure, Governance and Management section.
REVIEW OF ACTIVITIES
a.SWIMS
We continue to review our offerings to the public and community, in order to encourage, support and grow swimming activity. We were able to offer school swim gala's, after summer season cold water swimming, the dog swim sessions, moonlight swims, open air cinema, Halloween events and heated Christmas swimming. We aim to be accessible to all groups so our pricing is set so as to make swims competitive with our nearest competitors, and within the reach of all income brackets.
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Portishead Pool Community Trust Report of the Trustees Continued For the year ended 04 April 2022
b.FINANCE
We are self-reliant on swim income generating activities, fundraising and income derived from Café Lido operations. As a result of careful cost management in the period, the Trust remains in a sound financial position, with sufficient reserves to meet expected normal expenditure and make some provision for future site improvement.
A summary of key financial results is set out below:
2022 2021 £ £ Total Incoming Resources 313,580 43,152 Net Movement in Funds (Unrestricted) 86,394 (40,078) Net Movement in Funds (Total) 80,178 (46,294)
The 'Net Movement in Funds (Unrestricted)' represents the result from operating the pool, together with revenues and costs related to the café. As a charity, we are mindful of the fact that all income must be applied towards the Trust's charitable objects, that is, we must plough all income back into the pool. We benefit from reduced business rates on the property we occupy for our charitable purposes. The financial benefits we receive from these tax exemptions are all applied towards our objectives. However, we are unable to reclaim VAT input tax on our Pool costs as we are exempt for VAT purposes. In addition to the substantial benefits our pool brings to the local community, we create a social asset without cost to the Exchequer.
c.THE COMMUNITY
The pool and now the community café, continue to be highly valued by members of the Portishead community, and are seen as a prime example of a voluntary organisation in action. We continue to benefit from considerable support in the media.
Volunteers are an essential contributor to the pool and cafe's success throughout the year.
Thousands of volunteer hours are provided over the course of a normal year, supporting the pool's open season, running the café, painting, refurbishing, and upgrading the pool premises, plus managing the various sub-committees and management teams. The time value of hours given by the volunteers is not readily quantifiable yet is the primary reason for the site's sustained viability and improvement
Customer feedback tells us that the tuck-shop and café and the volunteers who manage them are greatly appreciated. We are very grateful for the unstinting efforts of all our volunteers, both those who are involved in day-to-day service provision, and those who work behind the scenes. Communication and feedback with volunteers and supporters is important and we continue to use a number of different channels through which volunteers and supporters can find out about the Trust's operations and business.
d.STAFFING
We continue to review the staffing model for the site. We aim to align our employed roles and related employment contracts with the needs of the business, reflecting the seasonality of our operations and the influence of weather conditions on day to day trading.
e.THE LONG-TERM FUTURE OF THE POOL
In 2009, we negotiated a 99 year lease with North Somerset Council for the use of the pool site, and all of our efforts are on a long term basis. The view of the trustees is that the pool should continue to operate indefinitely, provided it is still needed by the community.
The lease has been granted by North Somerset Council on a peppercorn rent until 2020. Thereafter, the landlord will be entitled to a share of any excess profits made by the pool operations. In accordance with the terms and provisions set out in the lease, Annual Profit Rent will be payable from 2020 trading year, based on previous years' profit after all contributions to reserves.
STRUCTURE, GOVERNANCE AND MANAGEMENT
a.CONSTITUTION
The charitable company is registered as a company limited by guarantee incorporated on 13 November 2008 and is a registered charity, number 1129732. In the event of the company being wound up, members are required to contribute an
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Portishead Pool Community Trust Report of the Trustees Continued For the year ended 04 April 2022
amount not exceeding £10.
a.BOARD OF DIRECTORS/TRUSTEES
The trustees, who are also directors of the company, are responsible for the overall management and control of the charitable company and meet formally once a month throughout the year. Additional ad hoc meetings are called as needed. All trustees give of their time freely.
The articles of association specify the company structure, which includes both members of the company and trustees, who are directors of the board. There are currently no bodies that are automatically entitled to nominate directors to the board. New trustees are identified from amongst the members of the charitable company, including those attending the annual meeting. When a particular expertise is required an open recruitment process is followed.
New trustees are directed to the Charity Commission's website for guidance about becoming a trustee. A Code of Conduct for trustees has been drawn up, together with job descriptions for trustees in general, and for the three following posts: Chair, Finance Director, and Secretary. New trustees are provided with various induction materials following good practice guidelines set out by the Charity Commission and the National Council for Voluntary Organisations.
b.ORGANISATIONAL STRUCTURE AND MANAGEMENT
The trustees determine the general direction, strategy, and ethos of the pool.
The day-to-day running of the pool has been delegated to the Pool Management Team, comprising trustees involved in premises/operations; health and safety; and HR, and the operational team of retained seasonal staff and volunteers Cafe Lido is operated on a similar basis.
During the year there were sub-groups in operation: Pool Management Team and Café Management Team. Both groups submitted regular reports to the monthly trustees' meetings. Membership of the groups is open and fluid; volunteers are encouraged to participate in one or more of the groups if they feel they have skills to contribute. As the charitable company continues to develop, the board will continue to assess the effectiveness of the operational structure.
We continue to formalise processes and document procedures throughout the organisation. This is a source of ongoing continuous improvement supporting the learning aspect of the Trust ethos.
c.RISK MANAGEMENT
The trustees have assessed the major risks to which the charitable company is exposed, in particular those related to the operations and finances of the charitable company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Where appropriate, trustees have sought independent and professional advice to minimise risks to the charitable company.
Trustees take reputable legal, financial and other professional advice, and have put in place appropriate insurance.
FINANCIAL REVIEW
a.ACCOUNTING PERIOD
The 4 April has been selected as the charitable company's accounting period end in order to tie in with the lease with North Somerset Council.
b.RESERVES POLICY
The trustees recognise the need to build up reserves to meet the working capital requirements of the pool and to fund improvements and expansion of the facility. In recent periods the charitable company has made substantial investments into capital projects which has utilised the company's reserves. At the period end, the charitable company had free reserves of £526,957 (2021: £440,563).
In pursuit of the Trust's long term goals and objectives and because the trading operations of the Trust are not certain to deliver a surplus of revenue over expenditure every year, it is essential that when those surpluses of income do occur they are reserved against future financial needs and demands on the Trust. This need always falls ahead of meeting discretionary costs and non-preferential creditor obligations.
In accordance with the Charity Commissioners guidance, the Trust Reserves are added to throughout each trading year
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Portishead Pool Community Trust Report of the Trustees Continued For the year ended 04 April 2022
when there is a surplus of operating income over costs. Withdrawals against reserves are set out in the accounts.
The Trust's Reserves are held for a range of purposes in line with the Accounting Policies.
OBJECTIVES AND ACTIVITIES
Statement on public benefit
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Portishead Pool Community Trust Charity registration number 1129732 Company registration number 06748050 Principal address Esplanade Road North Somerset BS20 7HD
Trustees
The trustees and officers serving during the year and since the year end were as follows:
N Doddrell (Retired: 22 November 2022) G Gunnell (Retired: 23 November 2021) A Butland A Thatcher (Retired: 22 November 2022) B Birkinshaw (Appointed: 14 November 2019) (Retired: 22 November 2022) Mr A Morrish (Retired: 03 May 2021) B Aldridge (Appointed: 23 November 2021) E Pusill (Appointed: 23 November 2021) J Piggott (Appointed: 22 November 2022) J Sapak (Appointed: 22 November 2022) K Whitaker (Appointed: 22 November 2022) Mr J Barr Independent examiners Dart Services Chartered Certified Accountants Basement Weavers House 1 Gardens Road Clevedon BS21 7QQ
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Portishead Pool Community Trust Report of the Trustees Continued For the year ended 04 April 2022
Bankers
CAF Bank Limited Kings Hill West Maling Kent ME19 4QJ
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 28 December 2022 A Butland
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Portishead Pool Community Trust Independent Examiners Report to the Trustees
For the year ended 04 April 2022
I report to the trustees on my examination of the accounts of the charitable company for the year ended 04 April 2022.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, 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 your charity'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 examiners statement
Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of The Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the 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
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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.
James Wright-Anderson Principal Dart Services Chartered Certified Accountants Basement Weavers House 1 Gardens Road Clevedon BS21 7QQ
28 December 2022
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Portishead Pool Community Trust
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 04 April 2022
| Notes | Unrestricted | Restricted | 2022 | 2021 | |
|---|---|---|---|---|---|
| funds | funds | ||||
| £ | £ | £ | £ | ||
| Income and endowments from: | |||||
| Donations and legacies | 2 | 13,637 | - | 13,637 | 32,902 |
| Charitable activities | 3 | 299,908 | - | 299,908 | 10,181 |
| Investments | 4 | 35 | - | 35 | 69 |
| Total | 313,580 | - | 313,580 | 43,152 | |
| Expenditure on: | |||||
| Raising funds | 5 | (4,067) | - | (4,067) | (3,420) |
| Charitable activities | 6/7 | (223,119) | (6,216) | (229,335) | (86,026) |
| Total | (227,186) | (6,216) | (233,402) | (89,446) | |
| Net income/expenditure | 86,394 | (6,216) | 80,178 | (46,294) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 440,563 | 59,602 | 500,165 | 546,459 | |
| Total funds carried forward | 526,957 | 53,386 | 580,343 | 500,165 |
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06748050
Registered Number :
Portishead Pool Community Trust Statement of Financial Position As at 04 April 2022
| Notes Fixed assets Tangible assets 12 Investments 13/14 Current assets 16 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 17 Net current assets Total assets less current liabilities Net assets The funds of the charity Restricted income funds 18 Unrestricted income funds 18 Total funds |
£ 2022 249,767 1 249,768 53,563 282,315 335,878 (5,303) 330,575 580,343 580,343 53,386 526,957 580,343 |
£ 2021 285,072 1 |
|---|---|---|
| 285,073 | ||
| 62,472 174,906 |
||
| 237,378 | ||
| (22,286) 215,092 |
||
| 500,165 | ||
| 500,165 | ||
| 59,602 440,563 |
||
| 500,165 |
For the year ended 04 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance
-
with section 476,
-
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
-
records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
A Butland Trustee
28 December 2022
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Portishead Pool Community Trust Notes to the Financial Statements For the year ended 04 April 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Portishead Pool Community Trust 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 note(s).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 10% Straight line Plant and Machinery 5% Straight line
Reserves
The trustees recognise the need to build up reserves to meet the working capital requirements of the pool and to fund improvements and expansion of the facility.
Reserves are held for a range of purposes as set out below:
Operational - this provision is for 6 months of operational irreducible overhead expenses associated with the core business activities of the pool site.
Short Term - this provision is for recurring annual cycle costs, and small repair and improvement projects that are required to maintain the operational effectiveness of the site. An annual provision is based on the known profile of typical past annual spend and forecast improvement works. A small excess above typical annual spending is provided each year
Medium Term - this provision is to ensure that core capital items in which the Trust has invested are able to be replaced at an appropriate time in their estimated lifecycle. Such items are often subject to warranty and maintenance agreements but even these arrangements cannot completely offset the effects of extended use so we seek to balance depreciation periods with a realistic in-service life expectation.
Contingency - this provision is held to address unplanned and exceptional adverse events. The Board maintains a register of potential risks to the business some of which are considered low probability but which nonetheless could impact on the trading performance of the business such that it would be unable to meet financial demands from other reserves. It is founded on 20% of the total value of Operational, Short and Medium term reserves.
Long Term - this provision is provided to address the long term aspirations and vision of the Trust membership to improve the site, amenity and sustainable credentials of the site for the long term benefit of the town, environment and community which we serve. It is funded only when the trading surplus has met the needs of the other reserve pools, or through direct fund-raising events.
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Portishead Pool Community Trust Notes to the Financial Statements Continued For the year ended 04 April 2022
2. Income from donations and legacies
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Donations received | 13,637 | 1,323 |
| Grants received | - | 31,579 |
| 13,637 | 32,902 | |
| ncome from charitable activities | ||
| 2022 | 2021 | |
| £ | £ | |
| Unrestricted funds | ||
| Donation and Fundraising | ||
| Income from charitable | 283,656 | - |
| activities | ||
| Hire Income | 16,252 | 10,181 |
| 299,908 | 10,181 | |
| 299,908 | 10,181 | |
| nvestment income | ||
| 2022 | 2021 | |
| £ | £ | |
| Unrestricted funds | ||
| Bank interest receivable | 35 | 69 |
| 35 | 69 | |
| xpenditure on other trading activities | ||
| 2022 | 2021 | |
| £ | £ | |
| Unrestricted funds | ||
| Fund raising events | 2,751 | 2,767 |
| Support costs | 1,316 | 653 |
| 4,067 | 3,420 |
3. Income from charitable activities
4. Investment income
5. Expenditure on other trading activities
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Portishead Pool Community Trust Notes to the Financial Statements Continued For the year ended 04 April 2022
6. Costs of charitable activities by fund type
| Donation and Fundraising Support costs osts of charitable activities by activity type Support costs Donation and Fundraising nalysis of support costs Donation and Fundraising Independent Examiner's Fees Independent Examiner's Fees Independent Examiner Fees - Other Services Governance costs Legal & Professional fees Bank charges |
Unrestricted funds £ 215,973 7,146 223,119 Activities undertaken directly £ 222,189 |
Restricted funds £ 6,216 - 6,216 Support costs £ 7,146 |
2022 £ 222,189 7,146 229,335 2022 £ 229,335 2022 £ 4,200 1,229 5,429 1,717 1,316 3,033 8,462 |
2021 £ 77,137 8,889 |
|---|---|---|---|---|
| 86,026 | ||||
| 2021 £ 86,026 2021 £ 2,400 2,239 |
||||
| 4,639 4,250 653 |
||||
| 4,903 | ||||
| 9,542 |
7. Costs of charitable activities by activity type
8. Analysis of support costs
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Portishead Pool Community Trust Notes to the Financial Statements Continued
For the year ended 04 April 2022
9. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Depreciation of owned fixed assets | 38,845 | 38,668 |
| Staff pension contributions | 1 | 290 |
10. Staff costs and emoluments
Total staff costs for the year ended 04 April 2022 were:
| Salaries and wages Social security costs Pension costs Staff |
2022 £ 54,597 5 1 54,603 2022 6 6 |
2021 £ 13,052 1,257 290 |
|---|---|---|
| 14,600 | ||
| 2021 1 |
||
| 1 |
11. Comparative for the Statement of Financial Activities
| Unrestricted | Restricted | 2021 | |
|---|---|---|---|
| funds | funds | ||
| £ | £ | £ | |
| Income and endowments from: | |||
| Donations and legacies | 32,902 | - | 32,902 |
| Charitable activities | 10,181 | - | 10,181 |
| Investments | 69 | - | 69 |
| Total | 43,152 | - | 43,152 |
| Expenditure on: | |||
| Raising funds | (2,767) | - | (2,767) |
| Charitable activities | (79,810) | (6,216) | (86,026) |
| Total | (82,577) | (6,216) | (88,793) |
| Net expenditure | (39,425) | (6,216) | (45,641) |
| Reconciliation of funds | |||
| Total funds brought forward | 480,641 | 65,818 | 546,459 |
| Total funds carried forward | 441,216 | 59,602 | 500,818 |
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Portishead Pool Community Trust Notes to the Financial Statements Continued
For the year ended 04 April 2022
12. Tangible fixed assets
| Cost or valuation At 05 April 2021 Additions At 04 April 2022 Depreciation At 05 April 2021 Charge for year At 04 April 2022 Net book values At 04 April 2022 At 04 April 2021 |
Land and Buildings £ 230,472 - 230,472 116,205 23,047 139,252 91,220 114,267 |
Plant and Machinery £ 312,418 3,540 315,958 141,613 15,798 157,411 158,547 170,805 |
Total £ 542,890 3,540 |
|---|---|---|---|
| 546,430 | |||
| 257,818 38,845 |
|||
| 296,663 | |||
| 249,767 | |||
| 285,072 |
Investments
13. Analysis of movement of commercial investments
| Market value at 05 April 2021 Market value at 04 April 2022 Analysis of investments between funds as at year ended 04 April 2022 Unrestricted funds Investments in subsidiaries and related undertakings |
2022 £ 1 1 |
Investments in subsidiaries £ 1 |
|---|---|---|
| 1 | ||
| 2021 £ 1 |
||
| 1 |
14. Analysis of investments between funds as at year ended 04 April 2022
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Portishead Pool Community Trust Notes to the Financial Statements Continued
For the year ended 04 April 2022
16. Debtors
| 16. Debtors | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Amounts due within one year: | ||||
| Amounts due by group and associated undertakings | 53,563 | 62,472 | ||
| 53,563 | 62,472 | |||
| 17. Creditors: amounts falling due within one year | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Trade creditors | 1,101 | 1,850 | ||
| Accruals and deferred income | 4,202 | 20,436 | ||
| 5,303 | 22,286 | |||
| 18. Movement in funds | ||||
| Unrestricted Funds | ||||
| Balance at | Incoming | Outgoing | Balance at | |
| 05/04/2021 | resources | resources | 04/04/2022 | |
| £ | £ | £ | £ | |
| General | ||||
| Unrestricted funds | 440,563 | 313,580 | (227,186) | 526,957 |
| 440,563 | 313,580 | (227,186) | 526,957 | |
| Unrestricted Funds - Previous year | ||||
| Balance at | Incoming | Outgoing | Balance at | |
| 05/04/2020 | resources | resources | 04/04/2021 | |
| £ | £ | £ | £ | |
| General | ||||
| Unrestricted funds | 480,641 | 43,152 | (83,230) | 440,563 |
| 480,641 | 43,152 | (83,230) | 440,563 | |
| Restricted Funds | ||||
| Balance at | Outgoing | Balance at | ||
| 05/04/2021 | resources | 04/04/2022 | ||
| £ | £ | £ | ||
| Restricted funds | 59,602 | (6,216) | 53,386 | |
| 59,602 | (6,216) | 53,386 |
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Portishead Pool Community Trust Notes to the Financial Statements Continued
For the year ended 04 April 2022
Restricted Funds - Previous year
| Restricted funds Analysis of net assets between funds Unrestricted funds General Unrestricted funds Restricted funds Restricted funds Previous year Unrestricted funds General Unrestricted funds Restricted funds Restricted funds |
Balance at 05/04/2020 Outgoing resources Balance at 04/04/2021 £ £ £ 59,602 65,818 (6,216) 65,818 (6,216) 59,602 Tangible fixed assets Investments Net current assets / (liabilities) Net Assets £ £ £ £ 196,380 1 330,576 526,957 53,387 - (1) 53,386 |
Balance at 04/04/2021 £ 59,602 |
|---|---|---|
| 59,602 | ||
| 249,767 1 330,575 580,343 |
||
| Tangible fixed assets Investments Net current assets / (liabilities) Net Assets £ £ £ £ 225,470 1 215,092 440,563 59,602 - - 59,602 |
||
| 285,072 1 215,092 500,165 |
19. Analysis of net assets between funds
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Portishead Pool Community Trust Notes to the Financial Statements Continued For the year ended 04 April 2022
20. Guarantees and contingent assets and liabilities
Under the terms of the lease entered into by the company, the freeholder, North Somerset Council is entitled to a Profit Rent
The Profit Rent is based on 50% of Excess Profit for the Profit Period immediately preceding a Review Date.
The Excess Profit means the Net Profit for the Profit Period immediately preceding a Review Date less the Reserve Contribution for the Profit Period immediately preceding a Review Date and if the calculation produces a negative number then the Excess Profit shall be deemed nil.
No provision has been made for this contingency as this is recognised in the accounts only after the assessment has been made by the landlord.
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Portishead Pool Community Trust Detailed Statement of Financial Activities For the year ended 04 April 2022
| INCOME AND ENDOWMENT Donations and legacies Donations Grants Receivable Charitable activities Income From Charitable Activities Hire Income Investments Bank Interest Receivable Total incoming resources EXPENDITURE Other trading activities Fund Raising Events Charitable activities Staff Costs - Wages & Salaries Staff Costs - Social Security Costs Staff Costs - Pension Contributions Depreciation - Owned Assets Pool Manager & Lifeguard Costs Pool Equipment & Consumables Utilities - Heat, Light, Chemicals & Water Repairs, Maintenance & Minor Improvements Communications - Marketing, Computer Rates & Insurance SUPPORT COSTS Independent Examiner's Fees Independent Examiner'S Fees Independent Examiner Fees - Other Services Governance costs Bank Charges Legal & Professional Fees Total resources expended Net Income |
£ 2022 13,637 - 13,637 283,656 16,252 299,908 35 35 313,580 (2,751) (2,751) (54,597) (5) (1) (38,845) (17,524) (18,084) (60,017) (23,182) (4,423) (5,511) (222,189) (4,200) (1,229) (5,429) (1,316) (1,717) (3,033) (233,402) 80,178 |
£ 2021 1,323 31,579 |
|---|---|---|
| 32,902 - 10,181 |
||
| 10,181 69 |
||
| 69 | ||
| 43,152 (2,767) |
||
| (2,767) (13,052) (1,257) (290) (38,668) (792) (2,961) (6,448) (5,489) (2,267) (5,913) |
||
| (77,137) (2,400) (2,239) |
||
| (4,639) (653) (4,250) |
||
| (4,903) | ||
| (89,446) | ||
| (46,294) |
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This page does not form part of the statutory financial statements