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 2024 Portishead Pool Community Trust Contents Page For the year ended 04 April 2024 |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 2024 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 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). 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 objectives relating to these objects and these underpin the Business Plan for the Pool. The trustees continue to review and update the Business Plans. The objectives set out by the Board for the 2023-2028 period are: 1. Safe, clean and inclusive year-round open-air swimming for the general public 2. Outdoor training and swimming facilities for local swimming and triathlon clubs, local schools, including inter- and intra schools galas 3. Local inclusive employment and volunteering opportunities to enhance the social welfare and employment skills of local residents 4. An affordable community-run cafe that is open year-round to the non-swimming general public 5. Access for the community to use our facility for non-swimming events 6. Reduce environment impact and increase the sustainability of the pool itself and the Lido cafe ## 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 The Pool and Café have continued to serve and meets the needs of our customers throughout the year. Swimming and customer numbers are returning to levels seen pre-pandemic. - 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 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 1 of 18 ## Portishead Pool Community Trust Report of the Trustees Continued For the year ended 04 April 2024 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 (2023: £29,000) in the year on site and buildings upgrades, maintenance and new equipment. We continue to spend on improvements and site maintenance, and have forward looking capital expenditure plans to enhance the pool and infrastructure and improve customers experience. - 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 are currently upgrading our roof structure to accommodate a solar PV electrical system and will be installing on the pool terraces a solar water heating system. 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, moonlight swims, open air cinema, Halloween events and the popular 'Popsicle', 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. 2 of 18 Portishead Pool Community Trust Report of the Trustees Continued For the year ended 04 April 2024 ## 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: 2024 2023 £ £ Total Incoming Resources 429,921 361,054 Net Movement in Funds (Unrestricted) 84,854 61,419 Net Movement in Funds (Total) 83,974 50,158 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 amount not exceeding £10. 3 of 18 ## Portishead Pool Community Trust Report of the Trustees Continued ## For the year ended 04 April 2024 ## 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. Charitable are set out in the following Funds note. 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 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. 4 of 18 Portishead Pool Community Trust Report of the Trustees Continued For the year ended 04 April 2024 ## **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 Portishead North Somerset BS20 7HD ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: B Aldridge (Retired: 13 May 2023) E Pusill (Appointed: 13 June 2023) (Retired: 01 October 2024) J Piggott C Amos (Appointed: 18 March 2024) A Goude (Appointed: 18 March 2024) J Sapak (Retired: 29 January 2024) K Whitaker J Barr (Retired: 16 June 2023) A Butland (Retired: 06 December 2024) R E Smith (Appointed: 18 November 2024) **Independent examiners** Dart Services Chartered Certified Accountants Channel Court 8 Hill Road North Somerset BS21 7NE **Bankers** CAF Bank Limited Kings Hill West Maling Kent ME19 4QJ 5 of 18 Portishead Pool Communty Trust Report of the Trustees Continued For the year ended 04 April 2024 Approved by the Board of Trustees and signed on its behalf by j16￿j 06 De¢ember 2024 A Buttand 6of18 Portishead Pool Community Trust Independent Examiners Report lo the Trustees For the year ended 04 April 2024 I rop(Kt lo thè tvuslees rny e¥8mlnotion of tho accounts of Ihe charllablè company fof Ihe yoer erKl8d 04 Aw'l 2024 R•spon8lblllUe• •nd ba•1• ol rnport As Ihe chDnty Trusloes. who Rre olso dlrBc*DTr for Iho PUffx75es ol e¢xnpw IBW. arn I￿p￿￿1t￿e lor the wyrnllon ol tho accounts In aLttTdancc ￿ Ihe rwuirvments ol Ihe CINnpan￿s Act 2(￿ {Iho 2006 *AA'}. Hsvlng salisfiod mysolf IhAI tho acccrtjnts ol tho Company ère ￿1 roquired lo be audiled under Part 16 of the 2(M)8Ar.l and are elwdible lor Indepondenl exAminali¢)n. I report In fosped of my omamlnalth ol yovr ch8ritys accovnL* Camod out undor secllon 145of tho Charth'es Acl 2011 rilio 2011 Ad'l In catyng oui my examlnalknn I h￿• IdltrMKI the DirecU¢]n$ glvon by tha Chanty Commwkn under See1k￿ 145ISKb) ol the 2011 Act. Indo￿nd•n1 •A•mln•rn •t•t•m•nt Slncé Ihè Chanthblo compan￿6 gros8 income eX￿￿ed £250,OthJ. your examinfyr mu81 be A mornber of B trrtxly 118led In 8eCtlon 14501 the 2011 Act. I confimi that l am qualified lo undertokD thè oxamlnallon ty ￿rty0 ol my membernhlp of The Ass￿la￿￿ ol Ch8rttrwJ Cortffied Act￿ntants. whlch M ono ol 11)e Iisled bc*Jiès I have comrAeled my examma1￿. I confrm Ihal no m8ttw3 eorno to my alten11￿ In conneC1k￿ Vthith lh8 expmin8tlon gfving me cause to bel*ve thal In any malenal TU5pecl 1. accountlng recth8 wèrè not kopl In respoct ol the Company Bg Tèquired ty 8edlon 388 of lh8 2006 Art. or 2. the accounls do nol attorli wth thoso recordy. or 3. the accthnts do not c£rfnpty wrth lh8 req￿MMe￿iS ol seCt￿n 396 of thg Act olher ihan any reqwrnmenl that tho 8¢counts give a Ift￿ and fair view. whlch Is rn)t a maller considèred os p8rt 01 an IrKlependenl examinalbon, Of 4. the 8c£A)unts havg nol betsn preparnd in accordance ￿th the mothcFW urnl8Trtandtrfj ol the a(£ounts to be reached. Seryi¢xs hartered Certffi8d Channd Court 8 Hlll Road North Somers01 BS217NE nlants 06 Oecember 2024 ## Portishead Pool Community Trust ## Statement of Financial Activities (including Income and Expenditure Account) For the year ended 04 April 2024 ||**Notes**|**Unrestricted**|**Restricted**|**2024**|**2023**| |---|---|---|---|---|---| |||**funds**|**funds**||| |||**£**|**£**|**£**|**£**| |**Income and endowments from:**|||||| |Donations and legacies|2|50,108|-|50,108|29,843| |Charitable activities|3|371,872|-|371,872|329,046| |Investments|4|7,941|-|7,941|2,165| |**Total**||**429,921**|**-**|**429,921**|**361,054**| |**Expenditure on:**|||||| |Raising funds|5|(21,414)|-|(21,414)|(16,255)| |Charitable activities|6/7|(323,653)|(880)|(324,533)|(294,641)| |**Total**||**(345,067)**|**(880)**|**(345,947)**|**(310,896)**| |**Net income/expenditure**||**84,854**|**(880)**|**83,974**|**50,158**| |**Reconciliation of funds**|||||| |Total funds brought forward||588,376|42,125|630,501|580,343| |**Total funds carried forward**||**673,230**|**41,245**|**714,475**|**630,501**| 8 of 18 Registered NL¢mber: 06748050 Portishead Pool Community Trust Statement of Financial Position As at 04 April 2024 Notss 2024 2023 Flxèd assets Tanglble assets Investments 13 185.607 220.150 14115 185.608 Currnnt assets Stocks Debtors Cash at bank and In hand 220,151 16 17 250 57,327 478,891 536,468 (7,601} 250 20,279 407.976 428,505 118,155} Cr•dltor•: amount• f•lllng du• wlthln on• year Net currnnt assets 18 528.867 714,475 410,350 630,501 Total as88ts l•$$ currnnt Ilabllltl N•t a¥sets 714.475 630.501 Thè fund8 of tho ¢harlty Restricted income funds Unrgslrtcted Incom8 lunds Total lund• 19 19 41.245 873,230 42.125 588,376 714.475 630,501 For the year ended 04Aprfl 2024 the company was antllled to exempty'on from a￿11t under sectlon 477 of the Compgnles Act 2006 relallng lo small companies. Tho momber8 hav8 not requirad the company to obtwn an audit of accounts for tha year In quogtlon in accordance wllh 8adon 476, The trust988 acknowledge thelr r8$ponslbllths for c¥)mptying wllh tha roquiremants of tho Act with r68P8Gt lo accounting records and the preparaiion of accounts. Those a¢¢oun18 have been prepared in accordanc8 wlth th8 provlBion8 appllcable to cornpanles subject lo the small ¢ompanLgs' reglme. Tho ￿nancIal statements were approved and authorised for issue by the Board 8r¥J 8ign8d on tts beh811 by: A Butland TNsl88 06 Decemhr 2024 9of18 ## Portishead Pool Community Trust Notes to the Financial Statements For the year ended 04 April 2024 ## **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). ## **Going concern** ## **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% - 20% 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. 10 of 18 ## Portishead Pool Community Trust Notes to the Financial Statements Continued For the year ended 04 April 2024 ## **2. Income from donations and legacies** ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |**Unrestricted funds**||| |Donations received|50,108|29,843| ||**50,108**|**29,843**| |**ncome from charitable activities**||| ||**2024**|**2023**| ||**£**|**£**| |**Unrestricted funds**||| |_Donation and Fundraising_||| |Income from charitable|333,008|303,704| |activities||| |Hire Income|38,864|25,342| ||**371,872**|**329,046**| ||**371,872**|**329,046**| |**nvestment income**||| ||**2024**|**2023**| ||**£**|**£**| |**Unrestricted funds**||| |Bank interest receivable|7,941|2,165| ||**7,941**|**2,165**| |**xpenditure on other trading activities**||| ||**2024**|**2023**| ||**£**|**£**| |**Unrestricted funds**||| |Fund raising events|18,986|14,148| |Support costs|2,428|2,107| ||**21,414**|**16,255**| ## **3. Income from charitable activities** ## **4. Investment income** ## **5. Expenditure on other trading activities** 11 of 18 ## Portishead Pool Community Trust Notes to the Financial Statements Continued For the year ended 04 April 2024 ## **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**
**£**
316,208
7,445
**323,653**
**Activities**
**undertaken**
**directly**
**£**
317,088|**Restricted**
**funds**
**£**
880
-
**880**
**Support**
**costs**
**£**
7,445|**2024**
**£**
317,088
7,445
**324,533**
**2024**
**£**
324,533
**2024**
**£**
4,620
2,425
**7,045**
400
2,428
**2,828**
**9,873**|**2023**
**£**
284,944
9,697| |---|---|---|---|---| |||||**294,641**| |||||**2023**
**£**
294,641
**2023**
**£**
4,200
1,897| |||||**6,097**
3,600
2,107| |||||**5,707**| |||||**11,804**| ## **7. Costs of charitable activities by activity type** ## **8. Analysis of support costs** 12 of 18 Portishead Pool Community Trust Notes to the Financial Statements Continued For the year ended 04 April 2024 ## **9. Net income/(expenditure) for the year** This is stated after charging/(crediting): ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |Depreciation of owned fixed assets|34,543|29,617| |Staff pension contributions|405|-| ## **10. Staff costs and emoluments** Total staff costs for the year ended 04 April 2024 were: |Total staff costs for the year ended 04 April 2024 were:|||| |---|---|---|---| |||**2024**|**2023**| |||**£**|**£**| |Salaries and wages||107,781|90,585| |Pension costs||405|7| |||**108,186**|**90,592**| |||**2024**|**2023**| |Staff||7|7| |||**7**|**7**| |**Comparative for the Statement of Financial Activities**|||| ||**Unrestricted**|**Restricted**|**2023**| ||**funds**|**funds**|| ||**£**|**£**|**£**| |**Income and endowments from:**|||| |Donations and legacies|29,843|-|29,843| |Charitable activities|329,046|-|329,046| |Investments|2,165|-|2,165| |**Total**|**361,054**|**-**|**361,054**| |**Expenditure on:**|||| |Raising funds|(14,148)|-|(14,148)| |Charitable activities|(283,380)|(11,261)|(294,641)| |**Total**|**(297,528)**|**(11,261)**|**(308,789)**| |**Net income/expenditure**|**63,526**|**(11,261)**|**52,265**| |**Reconciliation of funds**|||| |Total funds brought forward|526,957|53,386|580,343| |**Total funds carried forward**|**590,483**|**42,125**|**632,608**| ## **12. Comparative for the Statement of Financial Activities** 13 of 18 ## Portishead Pool Community Trust Notes to the Financial Statements Continued ## For the year ended 04 April 2024 ## **13. Tangible fixed assets** |**Cost or valuation**
At 05 April 2023
At 04 April 2024
**Depreciation**
At 05 April 2023
Charge for year
At 04 April 2024
**Net book values**
At 04 April 2024
At 04 April 2023|**Land and**
**Buildings**
**£**
230,472
**230,472**
153,223
13,564
**166,787**
**63,685**
**77,249**|**Plant and**
**Machinery**
**£**
315,958
**315,958**
173,057
20,979
**194,036**
**121,922**
**142,901**|**Total**
**£**
546,430| |---|---|---|---| ||||**546,430**| ||||326,280
34,543| ||||**360,823**| ||||**185,607**| ||||**220,150**| ## **Investments** ## **14. Analysis of movement of commercial investments** |Market value at 05
April 2023
Market value at 04
April 2024
**Analysis of investments between funds as at year ended 04 April 2024**
**Unrestricted funds**
Investments in subsidiaries and
related undertakings|**2024**
**£**
1
**1**|**Investments**
**in**
**subsidiaries**
**£**
1| |---|---|---| |||**1**| |||**2023**
**£**
1| |||**1**| ## **15. Analysis of investments between funds as at year ended 04 April 2024** 14 of 18 ## Portishead Pool Community Trust Notes to the Financial Statements Continued For the year ended 04 April 2024 ## **16. Stocks and work in progress** |Stocks of raw materials
**Debtors**
**Amounts due within one year:**
Amounts due by group and associated undertakings
Other debtors
Other debtors
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
PAYE & social security
Wages & salaries control account
Accruals and deferred income|**2024**
**£**
250
**250**
**2024**
**£**
56,594
733
**57,327**
**2024**
**£**
2,553
379
47
4,622
**7,601**|**2023**
**£**
250| |---|---|---| |||**250**| |||**2023**
**£**
20,279
-| |||**20,279**| |||**2023**
**£**
12,749
1,204
-
4,202| |||**18,155**| ## **17. Debtors** ## **18. Creditors: amounts falling due within one year** ## **19. Movement in funds** ## **Unrestricted Funds** |_General_
Unrestricted funds|**Balance at**
**05/04/2023**
**£**
588,376
**588,376**|**Incoming**
**resources**
**£**
429,921
**429,921**|**Outgoing**
**resources**
**£**
(345,067)
**(345,067)**|**Balance at**
**04/04/2024**
**£**
673,230| |---|---|---|---|---| |||||**673,230**| 15 of 18 ## Portishead Pool Community Trust Notes to the Financial Statements Continued For the year ended 04 April 2024 ## **Unrestricted Funds - Previous year** |_General_
Unrestricted funds
**Restricted Funds**
Restricted funds
**Restricted Funds - Previous year**
Restricted funds
**Analysis of net assets between funds**
**Unrestricted funds**
_General_
Unrestricted funds
**Restricted funds**
Restricted funds|**Balance at**
**05/04/2022**
**Incoming**
**resources**
**Outgoing**
**resources**
**Balance at**
**04/04/2023**
**£**
**£**
**£**
**£**
526,957
361,054
(299,635)
588,376
**526,957**
**361,054**
**(299,635)**
**588,376**
**Balance at**
**05/04/2023**
**Outgoing**
**resources**
**Balance at**
**04/04/2024**
**£**
**£**
**£**
41,245
42,125
(880)
**42,125**
**(880)**
**41,245**
**Balance at**
**05/04/2022**
**Outgoing**
**resources**
**Balance at**
**04/04/2023**
**£**
**£**
**£**
42,125
53,386
(11,261)
**53,386**
**(11,261)**
**42,125**
**Tangible**
**fixed assets**
**Investments**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
**£**
144,362
1
528,867
673,230
41,245
-
-
41,245
**185,607**
**1**
**528,867**
**714,475**|**Balance at**
**05/04/2022**
**Incoming**
**resources**
**Outgoing**
**resources**
**Balance at**
**04/04/2023**
**£**
**£**
**£**
**£**
526,957
361,054
(299,635)
588,376
**526,957**
**361,054**
**(299,635)**
**588,376**
**Balance at**
**05/04/2023**
**Outgoing**
**resources**
**Balance at**
**04/04/2024**
**£**
**£**
**£**
41,245
42,125
(880)
**42,125**
**(880)**
**41,245**
**Balance at**
**05/04/2022**
**Outgoing**
**resources**
**Balance at**
**04/04/2023**
**£**
**£**
**£**
42,125
53,386
(11,261)
**53,386**
**(11,261)**
**42,125**
**Tangible**
**fixed assets**
**Investments**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
**£**
144,362
1
528,867
673,230
41,245
-
-
41,245
**185,607**
**1**
**528,867**
**714,475**|**Balance at**
**04/04/2023**
**£**
588,376| |---|---|---|---| ||||**588,376**| ||||**Balance at**
**04/04/2024**
**£**
41,245| ||||**41,245**| ||||**Balance at**
**04/04/2023**
**£**
42,125| ||||**42,125**| |||**185,607**
**1**
**528,867**
**714,475**|| ## **20. Analysis of net assets between funds** 16 of 18 ## Portishead Pool Community Trust Notes to the Financial Statements Continued For the year ended 04 April 2024 ## **Previous year** |**Previous year**||||| |---|---|---|---|---| ||**Tangible**|**Investments**|**Net current**|**Net Assets**| ||**fixed assets**||**assets /**|| ||||**(liabilities)**|| ||**£**|**£**|**£**|**£**| |**Unrestricted funds**||||| |_General_||||| |Unrestricted funds|178,024|1|410,351|588,376| |**Restricted funds**||||| |Restricted funds|42,126|-|(1)|42,125| ||**220,150**|**1**|**410,350**|**630,501**| 17 of 18 ## Portishead Pool Community Trust Detailed Statement of Financial Activities For the year ended 04 April 2024 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
**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 - 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**|**£**
**2024**
50,108
**50,108**
333,008
38,864
**371,872**
7,941
**7,941**
**429,921**
(18,986)
**(18,986)**
(107,781)
(405)
(34,543)
(17,864)
(18,283)
(92,821)
(23,215)
(4,150)
(18,026)
**(317,088)**
(4,620)
(2,425)
**(7,045)**
(2,428)
(400)
**(2,828)**
**(345,947)**
**83,974**|**£**
**2023**
29,843| |---|---|---| |||**29,843**
303,704
25,342| |||**329,046**
2,165| |||**2,165**| |||**361,054**
(14,148)| |||**(14,148)**
(90,585)
-
(29,617)
(13,091)
(19,623)
(83,378)
(28,759)
(4,909)
(14,982)| |||**(284,944)**
(4,200)
(1,897)| |||**(6,097)**
(2,107)
(3,600)| |||**(5,707)**| |||**(310,896)**| |||**50,158**| 18 of 18 This page does not form part of the statutory financial statements