Company reylgtrytlon nurnber 0fj748050 PORTISHEAD POOL COMMUNITY TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 xeinadin
PORTISHEAD POOL COMMUNITY TRUST CONTENTS Page Tru5tee5 Report report Indepandenl exarninefs report Slalemenl of linanryal aEtiyil 8alance Bheet 10 Stat?ent ol Ga5h flows Notes lo the linanclal 51ai&rnents 12-18
PORTISHEAD POOL COMMUNITY TRUST TRUSTEES REPORT REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2025 The Irustees presenls li8 annu81 r8pori 8nd financial stat8rn8nls for the year 31 March 2025. The financial statemen15 have been piepaied in accDTdance wilh Ihe accounting policie5 set out note 110 the financial 8tatem8nls and comply wilh th8 charity's governillg document, lh8 Companies Acl 2006. FRS 102 'The Financi81 Reporting Standard applicab18 in th8 UK and R8public ol Ireland. and the Chali118s SORP'Accon1ln9 and Repoting by Charities.. Statemenl ol Recommended Practice applicable to charilies preparing their accounts in accordan with 1he Finanaal Reporting Stsndard applicable In the UK and Republic ol Iland IFRS 1021". Th8 ch8rit¥bl8 cornp8ny is Jlso known undEir th8 namg Porliyhe8d Opan Air Pool I'iht) Pool'l Obloctlv•s and actlvltl•$ PURPOSES Our charity S PUlPQ8è8 I'obj8cts"l as s81 out in th8 obl8Cts In our M8rnorandum of AssocL8tion ar8.. "In accordance with th8 Recrèatlonal Charitias Acl 1958, to promote for thè benéfit of th8 inhabitants of Porhsh8ad and ih8 surrounding area the provlslon of facllilles for recreation or olherlglsure lime occupation ol Individuals who havg a nee(1 of su¢h f8cililios by re880rn of Ih&ir youth, age, infirmity or disabl8m8nl, fin8n¢i81 hardship or social 8nd c4)nornic circJm818nc$ or for lh8 publ1¢ 8t18rge thè lrnt6ré$ts of $O¢181 wg118r8 $nd with the obl8¢t of Irhprovlng tho eondillort of Ill& of 3u¢h Inh8bllants. The trust885 idèntify a numb8r of supporbng alms ralaling to th8S8 obl8cls and Ihès8 und8rpin th8 8uslnass Plan for the Pool. Th• Iruslè88 cDntlnu8 lo rèvièw and urKl818 Ihè 8usln88s Pl8ns. Th8 8irns s81 by lh8 Board lor lh8 2025.2028 p8riod arè.. l. Salè, elÈÉn And InclusivÈ yÈÉr-round epèn-air swlmmlng for thè gènÉrÉl pbIle. 2, Outdoor training and 5wirnming tacilities lor local swimrning triathlon clubs, local schools. Including Inter. and Intra-school galas. 3. Local Inullisive •mploym8nt and volunle8rlng opportunitles 10 8nh8nc8 th• soclal w•ffar8 and •mploym8nl skllls ol local r¥sld8ni8. 4. An affordablÉ commLJNIty-run cafè that Is opèn yÉar-raund to thè non-swlmming gènèral publlc. S. Access for wmmunlty use of our laality for non-swimminp events. 6. Reduce 8nvironmontal impa¢l and incr¥a¥e tho sustaillability ol the PDOI itB811 and the Lido café. ENSURING OUR WORK DEuveRS OUR AIMS We rgyiew aims, obltiVes, and ath'vities each yE¥r lo erisurc they rEtn?in Iocu5ed our 51al¢d puiposcs. We refer Ig the Ch81ity CowfflissioTr'8 general guidancg fJn public bgngfil when rgviewing our aitn3 and objeBli¥98 In aVing our future aclivities.
PORTISHEAD POOL COMMUNITY TRUST TRUSTEES REPORT REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 AclFvili¥s ACTIVITIES FOR MEETING OBJECTIVES TO MEET THE SWIMMING AND LEISURE RELATED NEEDS OF ALL GROUPS IN THE LOCAL AND WIDER COMMUNITY The Pool and Cafè have cantinued to serve and meet the need5 of Duf custorners throughDLJt the year. Swirnming and U51omer number5 are relurTring to leve15 seen pre-pandernic. TO SECVRE THE LONG-TERM FUTURE OF THE POOL B Y MAINTAINING ITS FINANCIAL VIABILITY ANO FINANCIAL MANAGEMENT POLICIES The chÉrltable ternpany regularly vIÈwS Its financlal controls Bnd manÉgemènt systèms. It alms to opÈratÈ In a WAY that meets Charity Commissiorn, company and other relevant regulatory requirements. It uses regular budgelary contro15, cash flow and pricing reviews to support decision making, lo ensure it 15 compelitive and continues to meel its Business Plan5 objectives into the lulure. TO ENSURE WE RETAIN LOCAL SLIPPORT, THROUGH A STRONG SENSE OF COMMUNITY INTERACTION al to be open and aBrounlable in operating the pool gn bohalf ol local people, through wmrnunicalion with our community. During Ihe year. we have kept the cowrnunily informed about developrTbenls 81 the pool. and have eslablished strong workirg relalbnships with the loc£1 medla. Portishead Town Cauncll Bnd community enterprises. W¢ Mmy1Gate wilh IhE Gvmmuvily eberS Ihrough )1,5 website, 5oGioI rnedia. ¢wnail and workin9 with local 5chgolg and olhei groups, We have held rngmbgrs grpup mggling5 to Inforrn segk feedback on stralpgig poliw. TO MAINTAIN ANO DEVELOP THE POOL srre AND BUILDINGS, AT LEAST IN LINE WITH LEASE ReouiREMENTS We spenl approximgt¢ly £164,30212024 £23.0001 In the yoar on sile an4 building5 upgrades, mainlenancp and new quiprrionl. Wo conliniio 10 8p•nd on Iniprtsv&m¥nls ond $ile mainl¥n8nc*. and h#vo forw8rd looking C¢ipilal 8xp¥nditury plan8 lo furth$r enh8n¢e th& pool8 Infra$lrudur$ and improve Cusromor 8xrInCe. Wo conllnuo to 98ok grant fLJrndln9 lor Imprav&mènts lo the slla and buildlngs, this year wo réeèlvod grant lundlng from th$ Swimmlng Pool Support Fund ISPSFI for solar PV solar thermal panels. TO PROVIDE A WORKING ENVIRONMENT THAT VALUES AND DEVELOPS ALL ITS PEOPLE TO ENSURE BUSINESS SUCCESS, WHILST BEING INCLU51VE AND PARTICIPATIVE We 8im lo rtr¢ruit, Irgin 8rnd rel8in moliv81trd. qu81ifiod flexible and Ejmpowered lifogu8rd 8nd c81e $laff. We enh8nc& Ihe skills of staff by providing excellent training opportunities and we encourage Ihem lo give feèdback lo improvo the OFeralion ol the pool and cafe. We also encourage full staff and volunteer participaliDn in Ihe running and success DI the pool and Eafe, e also aim IT) offer high quality training and Support to all oper¥tional volunteers. Wa Brb an @qual opportunity organls£tlon. almlng to rèflèct tha dlvèrslty of our communlly, and ar8 commlltad 10 2 w¢rf%lng envlronmenl Ihai Is free from any lom ol dlscHmlna11on on Ihe grounds ol colour, race. elhnlcily. belief, sex, sexual orientaliDn or disabilily. We aitll ID Make reasoTrable adjustments to meet the need5 of staff who are or become disabled.
PORTISHEAD POOL COMMUNITY TRUST TRUSTEES REPORT REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 TO OPERATE ThE POOL FACILITIES, BUILDINGS AND ACTIVITIES. FOLLOWING CURRENT INDUSTRY AND BEST PRACTICE GUIDELINES H8allh and Sal8ty Is a priority lor th8 charilable company and we •n9ag8 in s8rvicés of 8xl*inal Hèalth and Sal8ly professionals loi advice. testing and guidance. We alSD obtain D8S checks lor all pald pool statt. We regularly traln all staff Irh operational rnatter5, following indu5ty best practic£ guideline5. TO REDUCE OUR ENVIRONMENTAL IMPACT Vvhilst we offer a heated open alr pool, our biomass r)oller means Ihat are advely redu&n9 our carbon loctprfnl. Wllhoul a sui13blg Supply of CLYnpl8tely gr88ri £n8rgy, an oil-fu8lled boiler slill has to ba used from tirno lu 11rn8. when a boost Df heat is n8ed9d or when tho bv)mass boiler is servicpd. Wg aim to kegp our Ghomical inipaGI as low as possible using moMJgrn ieBling equipm8nl. Trustees are aware of the carbon irnpacl of heating the paol and we conlinue lo invesligale end evaluate allornale heating hnologies. We upgraded Cjur roof Structure tc> accommodate a solar PV electrical system 3rd will be installin9 on the pool terraS a solar water hearing 5y51em. We recycle and encourage more recycling, where pussible, OPERATE IN A WAY THAT MEETS ITS CHARifY AND COMPANY REGISTRATION OBUGATIONS The trustees and m8n8g8m8nl team contlnually revlew operallms and governance. in order lo meet thelr charlty and company reglstratlDn obllgatlons. Thls Is eovered In More detall In the Slruclure, Govern8nce and Management sectlon.
PORTISHEAD POOL COMMUNITY TRUST TRUSTEES REPORT REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢hlevemenl¥ and perfomiance Significantactivltles anf$ aChVeMents 398fjnst objeetlves REVIEW OF ACTIVITIES SWIMS We continue to review our Dffering5 to the public and cornrnunty. in order to encourage, support and grow swimming activty. We were 3ble ID offer school swim gala's, after surnrner season cold water 5wrnrning, rnDonlight Swims, open air cinema, alloween evenl8, Ihe popular 'Popsicle, and heated ChriSaS swimming, We aim to be accessible to all group5 so our priong Is set so as lo mak swlms cornp81iliv8 with our n•ar8sl comp8tilor8, and wlthln lh8 r8a¢h of all Incom8 bfaGk8ts. FINANCE We are sell-relianl on swim income geTh8rating aC'Ville$, fundraising and incorne derived Ironi Caffi Lido operaliorbs As a result of ¢arglul cost management in Ihg period. Iht) Trust retMain$ in a sound finaii¢ial p08ilion. wilh suflici8nl rflsefvgs to meet expected nomial expenditure and make some provision lor fvture site improvement. A ¥ummary vf key Iinanripl re5ulls i¥ sel oul belgw.. 2025 2024 Total Incoming Resourc Net Movement in Funds Iunrestrictedl Net Movement in Funds ITotBII 539,563 25,065 104,634 429.921 84.854 83,974 The 'NÈt Movemènt In Funds IUnrèstrictÈdl' rèpresènls the result fvom opÈraling Ihè pool, togéther with ffvènues and cosls related lo the cAfè. As a charity, we are rnindful of the fact that all Incorne rnust be applied loward5 the Trust's charilable obieG15, that 15, we must return all income back Into ihe puol and café facilities. We benefil from reduGed bu5ine55 rate5 on th8 proporly wg occupy fDr our charitabl8 purp058s, Th• financial b8n8fils we r8c8iv8 from th888 lax 8xgfflplions aro all appll8d towards our obl8Ctlvès. How8V8r, w• 8ré unabl8 to r8c185m VAT Input tax on our PODI costs is ar8 •X8mpt for VAT pury)os8s. In AdditlDn lo thè substantlal tsanls our pool brfng5 to th8 IDcal corrmunty. cr8al• a soclal assel without cost to the Exchequer. THE COMMUNITY The prA and the community cafè, con1inue to be highly valued by Ernbers of Ihe Poriishead communily. and are seen as a prime exarnple ol a vglunlary organisalion ID acb'on. We contsnue lo neIrt from considerable support in the media. Volvnl$?r$ 8r8 8ri 988&n1181 ¢t)nlribvtor lo the Kwl arKI ogfe's $u¢¢e8$ Ihroughoul tho yfjar. Thous4nds ol volunteer hours oro provided ovtsr tha ¢ourse of a normal year. supporting tho pool's open season. running th¢ café. painting. refurbishing, and upgrading the pool prernise5, plus maTraging the various 5ub-cornmittees and managernent team5. The brne value ol hours given by the volunteers is not readily quanlih'able yel is the primary reason for the site's suslain8d viability and improvemnt. Customer f8adb8ek ièlls 1hat th8 tuck-shop 8nd calè and the voluntèers who manag8 Iham 8r8 gr8a11y 8ppr8clatad. Wè are very gratelul lor the unsriming efforts ol all ourvclunieers, both those who are Involved In day-10-day seNlce provlslon. and those work behind Ihe scenes. Cornmuvication anrj lee(Iback with volunlBers and SUPPDrter5 15 important and we (11nUe to use a number ol different channels through which volunleers and support8r8 can find oul about lh8 Trusl's operatlons and buslness. STAFFING W8 ¢ontinue lo revièw the staffing M01 for the site. W& 8im lo •lign our gmpltsyod rdes an¢ rolalgd employment ¢onlra¢ts day Imding.
PORTISHEAD POOL COMMUNITY TRUST TRUSTEES REPORT REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 THE LONG-TERM FUTURE OF THE POOL In 2009, w8 rnegoliated a 99 year lease with North Somerset Council lor the use of the pool sile, and all ol our efforts are on a long Ifgrm basis. The vi8w of th8 Imsle&s is that ihe pool should conlinue to Dp&f8le ind8finit81y, provirjed it is still n88ded by the communlty. The lease has been granted by North Somersei Council on a peppercorn reni until 2020. Thereafter, the landlord will De entitled lo a share ol any"exce8s profits, rnade by the pcol operations. In accordance with the terms and provi510ns s8t oul i the lease. Annual Profil Rent will b8 pay&bl8. if applic3ble. fvom 2020 trading year. has on previous years, profil after all contributions to reserves. Flnanelal revSew ACCOUNTING PERIOD Th8 3181 March has now b88n 5•1ocl•d as lh• tharStabl• o)mp8ny'$ 8ccounlSng p8rfod •nd for accountlng purpos8s. Th8 18as8 wllh North Som8rsel Councll Is ba88d on th8 41h Aprll date. RESERVES POLICY The tru5t&s rectsgni5e the need to build up reserves lo rneel 1he wtsrkin9 capilal requirements of the pool and lo lun improvements and expansion ol the faGility. In reGenl periods Ihe Gharilable compaTry ha5 rnade subslanlial investmen15 into 8pil¥l piojgrl$ whi¢h ha$ ulilisgd Ihg ¢ornpony $ rg?ervg5. Chorilabl¢ org ssl out in Ihg following Furnds n¢le. In pursuit of Ihg Trust'$ long lem 9081$ ond o1)Je¢'v&S 8nd b8¢8usg Ihg Ir8din9 operfJli¢ns of tho Trust ar9 not ¢ert8in lo deliver a surplus of revenue over expeThditure every year, il is essenti81 that wner those surpluses ol income do occur they are reserved against fulure financial needs and demands on the Trusl. This need ah*ays fa115 ahead of meeting discretionary CQ9t5 8n¢ non-pr8f8rential Brgditor obliggtion$. In accordgncè wllh tha Chalty Commlssiongr3 guldanca. Ihè frust Re88rvas aro add8d to throughoul e£ch tradlng yaar when there15 o surplus of operating Ircorne over costs. Wllhdrawals agalnsl reserves are sel out In the accounts. The Trust's Reserves are held lor a range ol purposes in lin? with the Accounting Policies. 8truclur8, govam&ncè and man8gém•nt The charity is 8 cornpany limited by gU8nt99.... . The members ol the trustees. a also the directors for the purpose ol cornpany law, and who Served during the year and p to the date ol Signalu ol the financ131 stalements were,. C Amos T Ch88sI8y N Guile A Goude K Whilaktrr E Pusill A Bulland Ms R Smilh J Piogoll IAppolnlBd 19 F8bruary 2025 r8slgn8d 7 July 20251 (Appointed 19 February 20251 IRe¥igned 5 January 20251 (Flesigned 1 October 2024) IR&8ign¥d 6 D8¢8mber 20241 (Appointed 18 November 20241
PORTISHEAD POOL COMMUNITY TRUST TRUSTEES REPORT REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ReGmltmtsnt and8ppuinlrnunl uf tnistws None of the member5 of Ihe trustees has any beneficial intere51 in the ¢ornp8ny. All of the members of Ihe Irustees are rnembeTS ol the company and guarantee to contribuie £1 in the event of a winding up. Organlsational structure a. CONSTITUTION Th8 ¢haritabl& company is r8gis18rd as a company linii18d by guaranlè8 inGorporat•d on 13 NDv8mber 2008 arKJ is a regSsler&d charity. numb&r 1129732. In the event of the company belrg wound up. mmbers are requlred lo contrlbule an amount not excèedlng £1 0. b. BOARD OF DIRECTORSITRUSTEe8 The trustees. who ore also direGtgrs of the Gompony. are respvnsible lor the overdll manggement Control gf th¥ charilabl• g)mpany and m¥1 formolly on¢0 a month Ihrr)ughoul the y¥ar. Addilir)nal od ho¢ m¥•ling$ 8rg ¢911od a$ n99dgd. All Iru$l99$ g5vo ih9ir Ilm8 fr091y. The artl¢les of asxclallon spe&fy the ¢ornpany structure, wMIcn Includes both members ol Ihe cornpany ond trustees, who are directors of the board. There are currenuy no bodi&5 thal are automatically entilled to nDminale dir8¢tors lo Ihe board. N8w Iruslees are id8nlifi8d from arnongsl Ihe members ol the charitable conipany. includlng those atlendlng the annual meetlng. INhen a partlcular expertise Is raqulred an open recrullment process Is followed. Ngw truslggs are direcled lo the Charily Cvtntni5siDv's websilg for guidance about bp¢oThing ? ITustg9. A Code of Conduct for Iru81ees h88 been dr8wiI up, together wilh job descriplions for Iruslee5 Ir) geneial, and lar the three following posts.. Chair. Finoncg Director. And Secretsry, New truslees ar9 provided wlh VSTIOUS induction materials following good practice guidelines set out by the Charity Commission and the National Council for Voluntary Organisalions. c. ORGANISATIONAL STRUCTURE AND MANAGEMENT The IrJsl885 dJlermine Ihg ggneral direciion. 3lral8gy, 8nd fjlhos ol Iho PDDI. The d8y-to-day running of Ihe pool has b$frn del8g818d to the Pool M8n8gernaThl Te8m, ¢effihpri8ing Iru$le89 Involved In premIseOPeratiOn$- health and safety., and HR, and the operatlonal team ot relalned seasonal staff and volunte¥r5. Cafè Lido is apratd on a slmllar basls. Durfng the year Ihese sub%ruvps submll regular r8wrls lo th8 monthly tru$1895 m8fjlings. Mgfftbgrshlp ol th 9fDUPS Is opèn and fluld.. volunteers 8rÉ ÈnEour8ged to P8rticSpate In DnÈ or more of the groups If IhÈy feel thèy have skills to contrtbule. As the charltable company cllntlnues lo dovÈlop, the board will contlnue to B5sess Iho eftectivenes5 of tme operatiornal slruclure. W8 eontinutt to fom&li58 pro(y3s88s and document procodurtss throughout the organi88tion. This ig a soure8 01 ongoing continu0S Improvement supporting the le8rning aspect of the Trst ethos. d. RISK MANAGEMENT The trustees have assessed the major rlsks ID which the charitable company is exposed, In particular those related to the operalions and finances of the charitable c<)mpany, and are satisfied that 5ySterns and procedures a in place to mitigate exwsure to ttre major risks. Where appropriate, trustees hava soughl indtrpendenl and profossional advice to miniThi58 risks to the charitablE cotnpany. Trustees take reputable legal, financial and other profeSSIDnal advice, and have put in place appropriale in5LJf8nce.
PORTISHEAD POOL COMMUNITY TRUST TRUSTEES REPORT REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees reptsrt report W8s approved by the Tnjslees. A G()ude 17 December 2025
PORTISHEAD POOL COMMUNITY TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PORTISHEAD POOL COMMUNITY TRUST We reporl lo the trustees on our examinalion of the fi'n8nci818tatem8nts of Portish8ad Pool Cornmunrty Trust Ilhe charilyl for the yfjar ended 31 Marth 2025. Responslbllltle$ and ba$ls of report the trustees of the chBiity land 8150 Its direct5 for Ihe purposes of company lawl, you are rÉsponslble frjr the preparation of the financial stalernents in accordance Wlth the requirements of the Cornpanies Act 2006. Having satisfied ourselves that the linanei81 slaternents of the charity are not rèquired to be audited under Pari 16 01 the Companies Act 2CID6 and are elwible for independent examination. We reFQrt in spect of our examination ol Ihe charity's fivancial slatsmfjnls carried out uTrd8r 88clion 145 of ihB Charities Act 2011. In carrying DUI our 8xatninalion we hav8 followed the Directions given by the Charity Commi8s10n under section 14515llb} ol th8 Charilie8 Act 2011. Indopendenl oxaminorf8 St8t•m•nt Since the charity'5 gr055 Incurne exceedel £250,000, the Independent examiner must be a m&mber of a body listed In $e¢tion 145 of tho Ch8rili95 Act 2011. We confirm that wg arg qualifigd lo undgrlakg Lhe ex8fftin8tson bgc8U59 We 8rg a rn8mb•r of on• of th•11s18d bodl•s. Wg have compl*l¥d our gxaminotion. Wo conficm Ih¥l no maltgr$ hov¥ comg lo our oii&ntion in ¢onnoclion wilh th8 ¢xeminatlon glvlng us csu$& lo bgllfjvg that In any mHtorlal r9spgd.' accounlino cords were not kept In respect of the charity as required by section 386 of ihe Companie5 Act 28. Ihe Ilnanclal st8tements do nllt 8ccord with those record5', or Ihe linanc4al statemgnls do Nut comply wilh th8 accounling requirem2llts ol seclion 396 01 the Companies Act 2008 other thai) any requirement Ilial 1118 liiiai)cial statements give a true ai)d fair view, which is llot a n)all8r con8id8red ss part of an Ii)dependenl ex&)niii)alk)n'. or Ihe finnal slotomenls have nol been prepared in OrdaNce with tre methods and principle5 91 the sent of Recotnmgnded Practs'cg lor accounting and reporling by charities applicable to Bhariligs preparing their financial 81al8men18 in 8ccord8nce wilh the Finencial Reporting Standard applicable in the UK 8nd Republic of Ireland IFRS 1021. Wa h8v& ffl¢ concam$ Arnd ha Come 8eross no olhar m8ller8 in ¢oThn8clitsN with tho ex8minalityn lo whie.h èllènlion should be drawn in this rèport In order lo enable a proper underslÉndlng of the tlnancial slalements to oe reathed. 17 December 2025
PORTISHEAD POOL COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Rèstrlctèd fund8 fund5 2025 2025 Ttstal Unrestrlctèd Restrlcted funds nds 2024 2024 Total 2025 2024 Not•8 Incomé Irom: Dori8lions and 18ga¢i¥$ Charitable activrties Investments 55,873 381.692 9,589 92,409 148,282 381.692 9,589 50,107 371,871 7,941 50,107 371.871 7,941 Total InMe 447,154 92,409 S39,563 429,g19 429,919 Expondlture on.. Rai¥ing fund$ Charitable activrtie5 42,634 379,455 42,634 392,295 41,042 304,023 41.042 304,9Q3 12,840 Total expèndlr0 422.089 12,840 434,929 345,065 345,945 Net incom• and mov•m•nt In funds 25,065 79,569 104,634 84,854 {8801 83,974 Reconclllatlon of lunds.. Fund balances al 5 April 2024 673,231 41.245 714,476 588,377 42,125 630,502 Fund balanc at 31 March 2D25 698.296 120,814 819,110 G73,231 41,245 714.476 The slalement DI financial Éclivilies include5 all gains and losses recognised in Ihe year. All income and expenditure dèriwe frorn continuing activities.
PORTISHEAD POOL COMMUNITY TRUST BALANCE SHEET ASAT31 MARCH2025 2025 2024 Notes Fixed assets TaThgSble assets Inv8slm8nts 254,287 185,608 254,288 185,609 Current assets Slocks D8blor8 Cash al bank and ln han 250 75,223 496,487 250 57.326 478,890 10 571,960 536,408 Cr•ditor8: amount8 falling du• within on• year 11 17.1381 17.5991 Nol curmnt •$$ots 564,822 528.867 Tol818$9Ot$ 108$ ¢urr•nt Ilabllltlg$ 819.110 714.476 The fund8 of th• charity Restricted income funds Unie8lricled luvd3 12 120,814 698,296 41,245 673,231 819,110 714,476 The cornpany is gnliil¥d lo Ihe exernption frorn the audit reuuiremenl ¢onlsin8d In section 477 of the Companies Act 2006, lor the y8ar ¥i)dod 31 March 2025. The dire¢lors aGknowledgg Ihgir iesPQnsibililig5 foi ctTrtnplying with the 19guirptnents ol thg CotnpanYa8 kn12006 with rg¥pprl to accDunts'ng iecoids avd th8 pieparalion ol financial slatemgnls. The members have not r8quired the cornpany lo obtain an audlt of Its Ilnanclal statem&nls lor the year In question In ccordani* wilh strclion 47e. The88 financial slalements have been prepared in accordance with the provisions applicable lo cDmponi8s subjecl io the small companles reglme. The flnand81 slaternents were Bpproved by the trustees on 17 Dember 2025 A Goude Company registration number 06748050 (England and Vvalesl 10-
PORTISHEAD POOL COMMUNITY TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash Ilows from tsperatlng actlYltlè$ Cash g•n&ratad from op8otiors 109,982 62,974 Investing aetivitie* Purtha$e ol tarngible fix8d 88sals Investment Income recelved 1101.9741 9,589 7,941 Net ¢a$h lu$ed Inygenerated from Invesllng a¢tlvltles 92,3851 7,941 Net cash generated from flnanclng actlvltles Nèt Increase In Cash and cash equlvalents 17,597 70.915 Cash and cash 8quival8nls al beginning ol y8ar 478,890 407.975 Cash and cash •quival•nls at •nd ol y•ar 496,487 478.890 11
PORTISHEAD POOL COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountlng pollcle$ Charity information Portssh8ad Pool Community Trust is 8 Esplan8d8 Ro8d, Poriishtsgd, North Som8rg81,BS20 7HD. 1.1 Accountlng conventlon Th8 fin8nci&l sl818men15 have b88n pr8P8red In ErdanC8 Wlth th8 th8rity's gov8rning docum8nt, th8 Cornpgni85 Act 006. FRS 102 The FSnancl81 Fleporting Standard applScable In the UK and Republlc of Irelznd" and the CharitSe5 SORP Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charitie5 preparing Iheir accounts in aGcordance with Ihe Financial Reporting Standard applicaL)le in the UK and R8public ol Ireland IFRS 1021" Th8 charity Is a Public B8rn8fil Enllty a8 dèlin8d by FRS 102. The financi81 sla1ements are prepared In 51erfing. which Is thè lunellonal cutréney ol the charity. Monètary amoLJnts In these financial slalernent5 are rounded to the neare51 £. rhe flnai)ci81 slalements hsve been prepBred er Ibe hlstorlc81 cost conv2nllon, Imodlfled lo Include the rev8luatlDn of freehoia properues and lo Include Investrnenl propertles and cerialn Ilnancial Instruments al lalr valuel. The prlnclpal accournling policies adopted ar8 S81 out below. 1,2 Golng concem Al the lime of approvin9 Ihe fin8ncial stolemenls, the IruBte88 has a reosonable exp8clgtion Ihal the charity has adequate resources to contlnue In operalbonal exislence for the foresèeable future. Thus the trus1ees contlnue to adopt Ihe 9oing concern basis ol accountlng In preparlng the financlal sl2lements. 1.3 Ch•ritabl¥ fund8 Unr951riGted funds are available lor use at the disGrelion of Ihe trustee5 In furtheraTrc& ol IhEir charitable obieclive5. Restri¢ted fvnds are sublectto specific ¢ondltion5 by donors or granlors as to how they may bg u50d. The purposes 8nd us08 of the r8$iri¢t8d lund8 8r8 $81 out in lh8 nol•$ io th8 lin8ni>81 $18iem8nls. Endowm8nt funds subi•ct lo SpoclC condltions by donors that tho caplt81 musl b8 malntaln•d by thè charty. 1.4 Incom• lrncome is recognlse(J when the charily Is legally entiued lo 11 after any performance conditions have been met, the amounts can b¥ maasur8d r#liably, and il is piobable Ihat incumv will r1Vd. C88h donations Bre rerx)gni8ed on receipt. Other donatiDnB are rewgnised oncp tro Charity ha8 b99n nolrfied of Ihg donation unless perforrnance condilion5 require deferrBI of the Bmounl. Income tax recovergble in relation lo donations received un(Jer Gift Aid or deeds of covenant Is recogni5ed at the time of the donation. L8gèciès ara racognised on rec8ipt or othèrwigb if Iha charity has b68n nolifiad of an impanding dislribution, th amount Is known. and rocalpt Is &xpgctod. 11 the amount Is not knovm. tF)a18gacy Is traatèd as a contlngant ass8t. 12-
PORTISHEAD POOL COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcle5 Icontlnued 1.5 Expendilure Exp8ndilure is r8cognis8d on¢B ther8 is a18gal Dr con5truclivp DbligaboTr la tr8n518r 8collomiB b8n81il to a thiid psrty. il Ss probable Ihat a transfer of ecanomlc b2nefits will be requlred In seltlemenl. and the amount of the obllgalion can be measurecj rellably. Exp8ndiluie is cla55ilied by aclivily. The c051s Df each aclivily are Thad8 up of the IDtal of dir8cI casts and shar8d c0515, induding 5uppod co8t8 involvBd in und8rt8king aElivity. DirBcl t5 altiibulabl8 to & singl8 activity a18 311Dc818d directly to Ihal activity. Shared costs which contribute to more than one Eclwily and support cosis which are nol altributable to a 51ngle activity are apportioned belween those activities on a basis consistenl with the use of resource5. Centr&il staff c4)sts are allocale¢J on Ihe basis ol lime spent, and depreciation chaige5 are allocaled on the portion ol Ihe assal s use. 1.6 Tonglblo Ilx•d 0889ts TangiblE lix8d a5Sgts ar8 inilially tngasurgd at Gp¥t 8nd mpa¥ufgd at Go3t or valualion. ngt ol dgpreGialion and 8ny itnpairtnenl los$e8, Depreciation is recognised 80 as lo write off the co81 or valuation of a8s8ts less their re8idual values over their u58lul lives on the lollowing ba88S'. Lèasahold irnprovem8nts Plant and equipment 10¥0 on ¢ost 5% lo 20% CQBI The gain or loss arising on the di8w)8al of an a88el ig dglermined as the diff8renc8 befvigen the 8ale pwoceeds and the caryy'n9 value ol the a88el. and is ie(x)9ni8ed in Ihe slalemenl ol finan¢ial 8clivilie8. 1.7 Flxed asset Investsnenls Flxed asset Investments ore Inlllally rneasured at Iran5aetion prl¢e excluding Irans8Ctlon costs, and are subsequently tTIEasured al fair value al eaGh repDrting dale. Changps in lair value are few9lse in nel incornellexpenditurel lor the year. Transaclion costs arB expensed as incurred. A subsidiary 18 an enbly conlrollod by th8 charity. Control is th8 power to govém th• financial and operaling polici88 of lh8 entity so a5 lo oblaln beNefils from ils 8Gllvlli8s. 1.8 Stocks stocks are st8lad at the lowèr ¢1 $1 èstlmatÈd sÈlllng pd¢¢ less costs to ¢omplettt $nd sèll. Cost ¢omprises dSr¢¢l m8terièls 8nd, where 8ppllcsble, dlrecl 18bour costs and those ovÈrhe8ds Ih81 have been Incurred In bringing the Stocks lo Iheir preselll locallon and condllion. Items held for dislrlbulon 2t no or nominal conslderallon are rneasured lh# lower of roplacemonl cosl and cost. Net ieali5able value 15 Ihe e511ald ¥Elling priGe leas oll e¥timated g)?ts gl wrnplolion and ro3ts IL% be inrurred i markg1in9. sellivg and di8lribution. 1.9 Ret1mentb¢nefflts Payments lo deflned contrlbutlon retlremenl beneflt schemes a ch8r9ed as an expense as Ihèy fall due. 13-
PORTISHEAD POOL COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donatlons and lega¢le$ Unr•stricted Restricted funds fund$ 2025 2025 Totsl Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gift8 Grants 55.873 55,873 92,4Q9 50.107 50.107 92.4D9 55.873 92,409 148.292 5D,107 50,107 Income from charitable activitie8 Unro$tri¢tèd funds 2025 Unro8lii¢totl lund$ 2024 harltabl¢ acllvltle¥ Swlm F88S Services provided under contract Sales of servlces by beneftclarles Olhgr Income 334,592 20.200 316,016 16.425 566 38.864 26.900 381.692 371.871 Incom• from Inv•stm•nts Unr8Btrlct•d Unr•strlct•d fvnd$ lufid$ 2025 2024 Interest recelvable 9.589 7.941 Expèndbtura on ralslng funds Vnrestrlcted Unrestrlcted lunds lunds 2025 2024 Fundrai¥ing and publicity Other fundraising cosls 42.634 41.042
PORTISHEAD POOL COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on ¢harftable a¢tlvttles Charitable a¢tlvltle$ 2025 Charitabl• actlvltles 2024 Dlrect cost5 Staff c08t8 D8pr8ciation and impairment Bank lees Insurance Waste Wal8r and s8verage Lighl, power and gas Rat88 Repairs and rnainlainanca SlalF trainin9 Subscrlpiion TèlÈphorne and inlorenel AcoJuiit&ncy Bookkeeping and payroll LBg818xp$ Consulting Other charitable expenditur8 142.44S 33,296 9.514 17,072 6.518 6,923 73,096 540 66,578 17.741 674 930 4,320 5,197 2,280 1,000 4,050 108.186 34.543 2.426 17,506 3,620 13,406 72,022 520 23.215 17.864 434 3.716 4.620 2,425 400 392,174 304.903 Shar• of Support and gov•rnanc• cosls l$•• not• I Suppo 121 392.295 304,903 AnAly$18 by lund UnreslriGt8d lunds Restrict8d funds 379.455 12.840 304,023 BBO 392.295 304,903 1s-
PORTISHEAD POOL COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tanylble flxed assets Leas•hold Improv•m•ntB Planl and 4qulpm•nl Toi C05t At 5 Ap1 2024 Additions 230,472 101,974 315,95B 546.430 101,974 At 31 Maich 2025 332.446 315,958 648.404 D•pr•cl8tlon and Impalrm•nl At 5 Apnl 2024 Depreciation charged in the year 171,173 21,B50 189,649 11,445 J60,e22 33.295 At 31 March 2025 193,023 201,094 394,117 Carylng amount At 31 March 2025 139.423 114,864 254,287 Al 4 Aprfl 2024 63.685 121,923 1a5,608 Fix•d a$¥•t in¥08tsnonl8 Other Inv•stm•nts Co$t or valuatlon Al 5 Aprti 2024 & 31 March 2025 Caryln9 amount Al 31 M8r¢h 2025 At 04 Ap1 2024 2025 2024 Other investsnen15 cornprise.. Notes lTrvestm&nls In 8ubsKliari98 stocks 2025 2024 Fini$h4d good$ 8n(J goods lor rg$81¢ 250 250 15-
PORTISHEAD POOL COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Debtors 2025 2024 Amounts falling due within one year: Amoun13 owad by subsidiary undertakings Other debtors Prgpaym4ntS 2nd accruad IncJJme 60.676 1.126 13,421 56,594 732 T5,223 57,326 11 Croditor8'. amounts falling du• wilhin on• y•ar Z025 2024 Other taxation and soclal securily Tr8de ¢r¥dilor$ Other creditors AwrLJ&Is 8nd deforrgd In$ 403 379 2,S53 47 4,620 198 6,537 7,138 7.599 12 Rejlricled fund Tho roslricl8d funds ol tho charity cornprise the unoxp8nd8d balanc•s ol donalions and grants hold on Irusl subj8Ct to 3P8cillc coThJltions by donor$ as to h¢)w they rnay be used. Grant funds rgoelvgd In Ihls pgdod w?rg ?xp8nded fully on capital Improv8m8nl8. At 5 April 2024 Incoming r•sourc•s R•8ourc•8 •xp•nd•d At 31 March 2025 41,245 92.409 112.8401 120.814 Pr•vlou5 y•ar: At 5 Aprfl 2023 Incornlng re8ourco8 R•90UTC•g At 4 Aprll 2024 &xpgnded 42,125 18801 41,245 17-
PORTISHEAD POOL COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Analys1$ of net a$sets befften funds Unreslricted funds 2025 Reslricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Invastmenls 133,473 120,814 254.287 Current a5selsllliabililie61 564.822 564.822 698,296 120.814 819,110 Unr•8lrlct•d fund¥ 2024 R•8lrlct•d fund¥ 2024 Total 2024 At 4 Aprll 2024.. T8ngible &ss8ls Inve5tmenls Currènt assÉtsllllablllllasl 144,363 41,245 185.608 528,867 528,B67 673,231 41.245 714.476 18-
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