**COMPANY REGISTRATION NUMBER: 06805012**
# **CHARITY REGISTRATION NUMBER: 1132102**
## **Beccles Lido Limited Company Limited by Guarantee Unaudited financial statements**
**31 January 2022**
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Financial statements**
## **Year ended 31 January 2022**
||**Page**|
|---|---|
|Trustees' annual report (incorporating the directors' report)|**1**|
|Independent examiner's report to the trustees|**16**|
|Statement of financial activities (including income and expenditure account)|**18**|
|Balance sheet|**19**|
|Statement of cash flows|**20**|
|Notes to the financial statements|**21**|
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)**
## **Year ended 31 January 2022**
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 January 2022.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Companies Act 2006 and 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 published in October 2019.
## **Chair's report**
The provision of leisure, recreational and arts facilities in Beccles was more welcome than ever as we emerged from the Covid pandemic. Despite continued restrictions on capacity, the Lido had a successful year both in terms of visitor numbers and as an accessible community asset. Big Dog Ferry and the rivercraft partnership with TheCanoeMan delivered record-breaking results as more local people and visitors enjoyed outdoor activities. With support from Arts Council England, the Hall produced a strong and mixed programme of theatre, live music, film, comedy and family shows, including a record breaking, inhouse produced Pantomime season. It remained open to its resident community groups and local hirers and successfully launched a Youth Theatre Group. The enduringly popular Beccles Beer Festival returned to the Hall and raised valuable funds.
In a year of challenge and uncertainty, our facilities provided much-needed, Covid-safe recreational opportunities. Our ability to engage with the community during the pandemic helped us to provide what was needed at the time, such as a new Youth Theatre Group at the Hall, timed and pre-booked sessions at the Lido, and year-round swimming. Through increased participation, we have improved community cohesion and reduced isolation at a time when it was needed most.
My thanks go to our supporters and audiences, our funders, and to our team of employees and volunteers who have shown enormous resilience and dedication in keeping our assets operating despite the huge challenges.
Ms Vicky Russ Chair
**- 1 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
**Trustees' annual report (incorporating the directors' report)** _**(continued)**_ **Year ended 31 January 2022**
## **Reference and administrative details**
**Registered charity name** Beccles Lido Limited **Charity registration number** 1132102 **Company registration number** 06805012 **Principal office and registered** 6 Cromwell Close **office** Beccles Suffolk NR34 9XE
## **The trustees**
The trustees who served during the year and at the date of approval were as follows:
Ms Vicky Russ (Chair) Mrs J Claridge (appointed 25 May 2021) Mr Shaun Crowley (resigned 1 February 2021) Mr John Cushing (resigned 30 January 2022) Mrs Suzanne Gibbons (Secretary) Mr D Howson (appointed 26 September 2021) Mrs Maureen Saunders (Vice-Chair) Mr Eric Wareham (resigned 8 May 2021) **Managing Director** Mr Shaun Crowley **Independent examiner** Mark Proctor FCA DChA Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB **Bankers** Barclays Bank Plc 12 Broad Street Bungay Suffolk NR35 1EW
**- 2 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)** _**(continued)**_
## **Year ended 31 January 2022**
## **Objectives and activities**
To promote for the benefits of the inhabitants of Beccles and the surrounding area the provision of carefully selected assets, particularly a Lido (open air swimming pool and recreation area), the Public Hall (theatre and community meeting space) and the Big Dog Ferry; in the interests of social welfare, health, fitness, mental well-being, education, culture, artistic and other leisure pursuits of the said inhabitants.
The vision that has shaped our annual activities, since the Charity was set up, has been focused on providing leisure facilities for the people of Beccles and surrounding area. The three main activities at this time are Beccles Lido, Beccles Public Hall & Theatre and Big Dog Ferry, each of which would otherwise have closed.
In shaping our objectives for the year and planning our activities, the Trustees considered the Charity Commission's guidance on public benefit, including the guidance "Public Benefit: running a charity (PB2)". Beccles Lido Limited activities rely on income from Lido users, from events at the Hall and Hall hire, and from customers for the Big Dog Ferry services, to cover operating costs. All three operations remain dependent on fundraising, donations and grants for development of buildings and purchase/replacement of plant and equipment, as well as, from time to time, operating costs. Affordability and access to our facilities is very important to us and is reflected in our pricing policies set out later in this report. Our activities are planned to ensure that no one is excluded and all can enjoy what we offer at the Lido, the Hall and the Ferry.
Within our three assets we endeavour to encourage, through wide advertising, all within our community to participate in our activities to enhance their lives.
The activities employed to achieve the charity's aims and objectives, which are where prudent and practicable being extended, are to:
- keep the Lido open seven days a week between March and October and to also operate a Winter timetable of cold water swimming; and to have the Lido café open during periods when demand justifies;
- run associated events, and liaise with local schools and groups to give access to the Lido;
- promote ourselves, as well as work with promoters, to put on a wide range of events at the Hall, and make the Hall available to local groups and individuals at a reasonable rent;
- make our assets available to groups with specific needs and offer disabled access and facilities where practicable;
- operate Big Dog Ferry on a regular timetable along the river Waveney for groups of people and charters;
- recruit a pool of volunteers to undertake the many varied tasks at all venues and, where this is not possible or inappropriate, appoint qualified, salaried employees where it is economically viable to do so.
The impact of Covid-19 has had a material impact on our ability to meet all of the above objectives in the early months of the reporting period, but Lido, Hall and Big Dog Ferry have been open and operating since the last lockdown at the beginning of 2021 where Government guidelines have allowed. During the period each asset was profitable and remains viable and financially secure, now and into the foreseeable future.
**- 3 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)** _**(continued)**_
## **Year ended 31 January 2022**
## **Objectives and activities** _**(continued)**_
At the end of January 2022 the Trustees met to consider and develop the future strategy of the Charity:
- Our Mission: To provide, for the benefit of the local community and visitors, leisure, recreational and cultural facilities and activities.
- Our Values: Inclusive, Respectful, Together, Community Focused.
- Our Vision (our image of success in 5 years time): Widened participation and a healthy, culturally enriched community, while reducing our environmental impact.
We considered how we will organise ourselves for success (governance and management); what our long term objectives are and how we will achieve them; our finances, and organisation and management of those finances, to deliver these objectives.
The Trustees will further develop this strategy during 2022.
## **Achievements and performance**
## **Beccles Lido**
Despite the restrictions imposed due to Covid-19 in the first half of 2021, the reporting period was one of many achievements:
- For the first time since BLL acquired the pool and re-opened as Beccles Lido in 2010, it opened at Easter, as soon as lockdown ended; then, as it was in 2020, the season of heated outdoor swimming was extended until the end of October.
- Apart from the clean up required following the flood at Christmas 2022, all major upgrade projects were put on hold due to Covid uncertainty with one exception - the 3 main boilers were replaced at a cost in excess £28,000 (the fourth boiler remains to run the outdoor heated showers). With just £7,000 secured from grant funding, the balance was paid from Lido reserves. The pool covers, installed in 2010, finally reached end of life and needed to be replaced at a cost in excess £16,000, again met from Lido reserves. An initial batch of new lane ropes were also purchased for evaluation using grants already secured.
- Sadly, due to the uncertainty during lockdown and in accordance with British Triathlon Federation guidelines, the 2021 Triathlon was again cancelled.
- Despite having to still restrict numbers to ensure a Covid-safe facility, managed through the continuation of a booking system, the Lido operated at or close to capacity throughout the season.
- With many indoor swimming pools remaining closed, there was a big increase in demand from swimming and triathlon clubs, and many then continued to hire the pool until September or October.
- The Lido was also able to run Aquacise sessions.
- A new booking system was implemented in July, and whilst this was not without issues, it did provide the flexibility to create a much broader programme of bookable activities.
- With the return of a programme of family swim and fun sessions the Café also re-opened, with a simplified menu and reduced staffing. While this yielded only slim profits, it was a very necessary service to support the swimming activities. The operation of the café is outsourced to Beccles Lido Trading Limited (BLT) which then gift aids its profits to BLL (after deduction of all costs including reimbursement to BLL of all staffing costs.)
**- 4 -**
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)** _**(continued)**_ **Year ended 31 January 2022**
## **Achievements and performance** _**(continued)**_
- There were over 63,000 swims plus clubs between Easter and October, an all-time record.
- Following a record season in 2020, due to an increase in staycations and interest in outdoor activities, the number of river craft operated in partnership with TheCanoeMan was extended, and there was a 5-fold increase in bookings and revenue. The level of revenue was such that canoes were operated by BLT this season (on a similar basis to the café), and a dedicated member of staff was employed (and their costs reimbursed by BLT) during high season.
- Activities were financially supported by various grants (set out in the notes to these accounts) including significant support from Government/Local Authority Covid-support funding and from Sport England (who awarded £30,245) - and these underwrote a return to full operation and to also carry on into the Winter with cold water swimming.
- We watched the Tokyo Paralympics in August with great excitement as the two swimmers who had trained in the Lido last year during lockdown and again this season - Jordan Catchpole and Jessica Jane-Applegate, won Gold in the 200m freestyle relay. This followed Joe Skipper's win at Ironman UK in July, after he too had trained in the Lido during last year's lockdown, securing him a coveted slot at the World Championship in Kona. We like to think that all benefitted from being able to train in the Lido when others could not.
- Encouraged by its success in 2020, the Lido's Winter season ran from November until March of this year. Following last year's experience, it was decided that maintaining a minimum pool temperature would ensure optimum usage, and sessions ran on Thursday evening until Saturday morning. 15°c seemed to be the optimum temperature to allow inexperienced cold water swimmers to learn to love the cold water, with or without wetsuits, and for more experienced cold water swimmers to train for longer periods - we were delighted that some channel swimmers were able to use the Lido for their verified 2 hour cold water swim certificates. In hindsight pricing was too low and the season yielded a modest loss, but the season was well supported with 2,000 swims to the end of the year. Cold water swimming generally continued to grow in popularity during 2021, and BLL is very happy to have been able to be a part of this phenomenon and provide a safe and supervised environment in which to participate, and the Lido learned a lot that will inform future seasons.
- The Lido's big fundraiser, Beccles Beer Festival, returned and while capacity was restricted to ensure a Covid-safe experience, this was nonetheless a huge success.
The Trustees continue to be proud that the Lido is able to offer paid employment for professionally qualified Lifeguards, an Administration assistant, and kiosk/café/canoe workers, all of whom were school or university students in 2021. The Lido is managed by BLL's General Manager, appointed in January 2021, who has worked for the Lido since it re-opened in 2010, when they were a rookie lifeguard; one full-time Duty Manager appointed in January 2022, again a long standing employee, offering us assured lifeguard cover all year round as we move to 52 week operations; and a Maintenance Manager (supervised by a volunteer operations director and supported by a volunteer) - this is a role which is combined with being lead-Big Dog Ferry skipper when it is operating.
Thanks to the support of many charitable grants and the community, BLL has turned what was once a near derelict site open only 13 weeks each summer into a year-round attraction for the community and visitors alike.
To ensure that it remains so, the 2 main projects for 2022 ahead of the Lido's heated season recommencing at Easter were an extensive refurbishment of reception and the changing cubicles - with new doors, windows, roofs, and the installation of solar panels on the reception roof, in anticipation of continued escalation of the price of electric. The cost is anticipated to exceed £50,000, the bulk of which will have to be met from Lido free cash or reserves.
**- 5 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)** _**(continued)**_
## **Year ended 31 January 2022**
## **Achievements and performance** _**(continued)**_
## **Beccles Lido Financial Review**
Due to the extended season and healthy visitor numbers, swim and hire income was significantly up to £276,969 (2020/21: £101,897, 2019/20: £160,655). This was supplemented by a record contribution from Beccles Lido Trading Limited (which runs the café) of £41,007 (2020/21: £5,720, 2019/20: £9,696), although it should be noted that this included £30,488 of canoe income and £12,143 of Covid-19 discretionary support grants. Principal operating expenses were wages of £182,459 (2020/21: £88,641, 2019/20: £84,083), but these were mitigated by £15,124 (2020/21: £27,581) of Government furlough payments; and utilities/chemicals of £41,994 (2020/21: £25,985, 2019/20: £33,676).
The Lido began to be affected by increasing utilities costs in 2021, with the fixed rate for electric renewing 2-fold in November 2021. Lido fixed for one year, believing that the increases would be short lived. Gas rate is fixed until July 2023.
As previously stated, there was no 2020 Beccles Triathlon; the 2020 Beccles Beer Festival, because of restricted visitor numbers due to Covid, yielded a reduced profit of £4,657 (2019: £7,331).
The Lido Lottery continues to be a valuable if fairly static source of income, raising £5,683 (2020/21: £5,660).
Maintenance and enhancement work carried out during 2021/22 was much reduced at £38,480 (2020/21: £299,807) but excludes new fixed assets, which in combination with significant new fixed asset purchases in 2020/21, means that depreciation expense against income was £46,444 (2020/21: £39,031, 2019/20: £25,252).
The Lido continued to benefit from various grant funding and donations, for which we are extremely grateful, totalling £57,096 (2020/21: £200,505; 2019/20: £259,474).
The Lido consequently returned a profit of £45,537 (2020/21: £97,189 loss, 2019/2020: £24,304 loss), on turnover of £414,233 (2020/21: £367,282, 2019/20: £476,279). These profits in combination have led to record unrestricted cash reserves of £167,564 (2020/21: £139,694, 2019/20: £160,044).
## **Beccles Lido Pricing Policy**
Pricing was reviewed and was considered to still offer affordable swimming and at a price that was comparable or cheaper to other swimming pools in the area, so that despite continuing to offer shorter sessions than pre-Covid's policy of "stay as long as you want" the Lido offered good value to the community and visitors.
A membership scheme was introduced mid-season, offering significantly reduced swimming for regular visitors in return for a monthly fee.
Winter swimming entry prices were reduced, but without a membership scheme, and in hindsight need to be higher to justify opening and the associated costs, while remaining affordable and competitive.
**- 6 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)** _**(continued)**_
## **Year ended 31 January 2022**
## **Achievements and performance** _**(continued)**_
## **Beccles Lido Plans for the future**
Plans for the future are guided by:
- All year round opening. 2021 has proved that this is viable and that there is a demand for heated swimming from April to October, and cold water swimming from November to March; with warm and cold water events where practicable.
- The number of events and services that are offered could be expanded to exploit the fantastic venue, and also its proximity and access to the river, to create new sources of revenue to supplement swimming and hire income.
- Staffing outside of the traditional summer season is challenging, but a move to 52-week operation means there is greater scope to offer additional permanent positions, even if these may be on a flexible-hours basis.
- The Trustees recognise that the Lido operation is now of a size and complexity that will need increasing numbers of paid senior management.
The Lido will continue to be responsive to the community's needs by offering swimming lessons to the local primary schools when they are ready to return, post-Covid; encouraging the use of the Lido by local swim and triathlon clubs and other water-based groups; and offering regular aquacise classes.
The Trustees continue to review the Lido's governance structure to ensure that it has the resources to fulfil BLL's aspirations and those of the community.
As the Lido looks forward to its thirteenth season, and despite the major upgrades completed in 2020, the Trustees are aware that the Lido needs a continuing programme of maintenance and upgrades. The Lido will continue to make provision for this through its Reserves and a continued programme of fundraising and grant applications, so that this well-run facility remains at the heart of Beccles community for many years to come.
## **Beccles Lido Covid-19 impact**
Being locked down in February and March 2021 allowed various upgrades to be carried out, notably replacement of the boilers. Government backed grants and a grant from Sport England underwrote activities, allowing the Lido to confidently operate without fear that reduced capacity to ensure a Covid-safe facility would unduly impact cashflow. Covid -19 had already led to the Lido implementing new operating procedures in 2020, and this meant that it was easily able to transition from lockdown and gradually back to a new normal mode of running. The booking system and fixed length sessions have polarised opinion, but continued through 2021 and are planned for 2022 to confirm that they better support operations.
**- 7 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)** _**(continued)**_
## **Year ended 31 January 2022**
## **Achievements and performance** _**(continued)**_
## **The Public Hall**
Despite the restrictions imposed due to Covid-19 in the first half of 2021, the reporting period was one of many achievements:
- Owing to the lockdown restrictions imposed by the Covid-19 pandemic, Beccles Public Hall was closed until the end of May 2021, but was able to plan for this re-opening and quickly re-established a programme of events for the community.
- The Hall's activities were assisted considerably by various grants (set out in the notes to these accounts), including continued support from the Government's Culture Recovery Fund (CRF, administered by the Arts Council, who awarded a further £70,000) and the Government's Local Restrictions Support Grant funding. All staff returned to work in 2021 in anticipation of re-opening so no further support was received from the Government's furlough scheme.
- In July, following a period of freelance work for the Hall, Ryan Holt joined the BLL as full-time Programming & Marketing Manager; and John Gallagher's hours were increased to full-time; each to recognise the Hall's requirements as we returned to full-time operations.
- Ryan's appointment also allowed the Hall to establish a Youth Theatre Group and to bring production of Youth Theatre shows and the Hall's annual pantomime in-house. The Youth Theatre's first production was Roald Dahl's Matilda The Musical JR, which was hailed a great success. Members of the Group went on to appear in the Hall's pantomime, which had a record season.
- The programme at the Hall was broadened to try new genres, including comedy and drag, to complement our traditional programme; we anticipate this continuing, with refinements, to arrive at a programme that meets the varied interests of our audience and community, while at the same time assuring an overall sustainable operation.
- As we emerged from lockdown, the Hall was quickly able to return to pre-Covid capacity and was encouraged by audiences' willingness to return, albeit in reduced numbers and with last minute booking very much evident, making programming quite challenging.
- Hires were slow to pick up, but the Hall was encouraged that longstanding hirers, including Waveney Light Opera Group/Rising Stars, Paul Sturman, Beccles U3A and various local theatre/dance schools, hired or brought shows to the Hall in 2021.
- Various upgrades and improvements were implemented during lockdown, many funded by CRF grants, notably tech upgrades including a new BOSE PA system and a Behringer X32 - 32 Channel Digital Mixer.
- Long standing employee Jerry Garcia and Trustee John Cushing both resigned in December and left in January, and we thank them both for their many years of dedicated service to the Hall. Handovers have taken place and their duties will, in the short term, be picked up by other BLL and Hall employees/Trustees, including BLL's General Manager, while the medium/long term needs of the Hall are properly established and recruited to, as appropriate.
The Trustees are confident that Beccles Public Hall is better placed than ever to enable the venue to continue to offer a variety of events at the Hall, striking a fair balance between performances by local amateur groups, event hirers (commercial and private) and Hall-curated performances by touring professionals and other artistes.
**- 8 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)** _**(continued)**_
## **Year ended 31 January 2022**
## **Achievements and performance** _**(continued)**_
## **The Public Hall Financial review**
Events income was up on last year, though still behind 2019 £85,088 (2020/21: £44,755, 2019/20: £120,300) as were hires £19,481 (2020/21: £5,237, 2019/20: £30,324), with the bar showing a margin of 60% on sales of £21,426 (2020/21: 60%, £832, 2019/20: 59%, £18,906).
Wages increased to £62,116 (2020/21: £30,284, 2019/20: £20,307). The Trustees are conscious that these increases, with an even higher salary bill anticipated in 2022/23, mean that income (from events, hires and fundraising) will need to increase significantly, and that this will take time; the Hall is fortunate in having amassed its highest ever reserves, some of which have been set aside to cover salaries next year through until 2023/24 to allow the time required to generate these additional revenues.
Tight control has been maintained over other costs. Freelancers continue to be utilised where appropriate, and these, together with essential repairs and maintenance as well as essential or highly desirable upgrades/equipment purchase and utiliies, represent the major expenses. In large part, these overheads were covered by the Arts Council CRF grant. The Hall remains on long term fixed price agreements for gas and electric, and so has been insulated from the impact of rising energy prices and will remain so until these agreements expire in August 2023 (gas) and February 2024 (electric).
Hall insurance contains a business interruption policy and in common with many other businesses our insurance company, Hiscox, refused to pay out for Covid-19. The Hall registered with the Hiscox Action Group (HAG). Our claim was then dealt with exclusively by Mishcon De Reya, the law firm retained by HAG to pursue the claim on HAG members' behalf. Harbour Litigation Funders paid for the legal fees up front and then took fees from any settlements or successful claims. At the beginning of 2021 an offer of £6,476 (net of anticipated Harbour fees) for period 21 March to 14 August and this appeared as a debtor in 2020/21 income. In fact the final payouts, including for each of the lockdowns, totalled £34,450.
Overall net profit was £34,385 (2020/21: £69,125, 2019/20: £19,706) on turnover of £246,614 (2021/22: £170,314, 2019/20: £166,966). These profits in combination have led to record unrestricted cash reserves of £148,622 (2020/21: £74,185, 2019/20: £41,538).
## **The Public Hall Pricing policy**
Despite some persisting impact of Covid-19, the Hall's over-arching principals remain and it will continue to make every effort to price events reasonably, competitively, and at a level that encourages the widest possible participation in the broad and varied programme that offered. Where possible and practicable the Hall will seek to offer concessionary pricing; Theatre Groups will be similarly priced; and the Hall will also continue to look to grants in order that it can support otherwise disadvantaged groups or individuals.
The Trustees will continue to implement the 'per session' basis for hire fees. Heating costs at the Hall are such that an hourly usage would lead to inefficient use of the Hall. The hire charges continue to be based both on the Trustees desire to promote the use of the Hall at the times when it is particularly under-utilised (daytime Monday-Thursday) - leading to a lower charge for those sessions - and to capitalise on the more popular times such as all day/evenings on Fridays and Saturdays. This policy has proved to be effective in attracting additional hirers for weekday activities whilst also maximising the income from the popular days/times. The standard hire rate applies to community groups and local residents whereas commercial hirers are charged a substantially increased rate. The Hall continued with its policy of offering a discount for registered charities.
**- 9 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)** _**(continued)**_
## **Year ended 31 January 2022**
## **Achievements and performance** _**(continued)**_
## **The Public Hall Plans for the future**
The Hall carried out a detailed and comprehensive survey to find out what events the community would like to see at the Hall in the future. The survey also considered the community's wider use of BLL's assets as well as their views of what other leisure activities they would like. This has and will continue to drive BLL's plans for the Hall, as well as driving greater synergies between BLL's assets and informing BLL strategy.
Plans remain in place to undertake further upgrades and improvements to the venue and to the customer experience as time and funds allow. These could include replacing the auditorium fluorescent light fittings with LED lights; installing an addressable fire alarm system to replace the current manual system; installing a video and communications link between the green room/stage and the dressing rooms; replacing the current gas boiler and radiator heating system with a modern 'fresh-air' air conditioning and heating system; installing a motorised opening/closing method for the front stage curtains; a revamped sound system; digital display boards for outside the building; and, in the much longer term, consideration of a system of retractable tiered seating.
The Trustees continue to review the Hall's governance structure to ensure that it has the resources to fulfil BLL's aspirations and those of the community.
As the Hall enters its eleventh year of operation under BLL, the Trustees will continue to make provision for maintaining this iconic building in the heart of Beccles as a well-run facility for the whole Beccles community for many years to come.
## **The Public Hall Covid-19 impact**
The Hall was locked down until May 2021 but benefitted from the Arts Council's CRF funding and local authority Covid-19 support grants to underwrite its maintenance during that time and its reopening at the end of May. As most Hall costs (excluding wages) are associated with staffing or events or bar stock, the impact of lockdown was much reduced.
The significant compensation received for business interruption under the Hall's insurance further underwrote activities and allowed healthy reserves to be built.
Having started the financial year with a strong balance sheet and reserves, the overall consequence of this is that the Hall started 2022 with its strongest ever balance sheet and remain financially resilient for the foreseeable future.
**- 10 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)** _**(continued)**_
## **Year ended 31 January 2022**
## **Achievements and performance** _**(continued)**_
## **The Big Dog Ferry**
Having not run the Big Dog Ferry service during Covid-19 as it would have been impossible to socially distance, the Trustees were delighted that its loyal customer base returned when it was able to re-launch at Easter. Key points to note:
- A booking system was introduced and restricted numbers of passengers initially, but the Ferry was quickly able to return to its regular 12 passenger capacity.
- The booking system, despite some initial issues, proved much more efficient than using Facebook and the skippers' mobile phone (each of which were effectively out of action while skippering) and consequently bookings were at an all-time high. Nonetheless, walk-ups and facebook/telephone bookings were still possible, and this proved to be a successful combination.
- While initially the traditional target destination for the Ferry, the Locks Inn at Geldeston, remained closed at the start of the season, the other attractions in Geldeston and the trip itself still attracted significant numbers of passengers, boosted by the number of local users and visitors remaining in the UK rather than holidaying abroad.
- The Locks Inn re-opened at the beginning of August as a community owned pub, and its huge popularity provided another boost to the Ferry service.
Thanks, once again, to valued partner Steve Moody of Windways Marine in Beccles, who continues to look after servicing of the engines, for which the Trustees and skippers are very grateful.
## **The Big Dog Ferry Financial review**
Income for the year from tickets was an all-time high of £21,336 (2021/22: £Nil, 2019/20: £17,214) and income was further inflated by a second Government backed leisure business grant of £8,000 (2020/21: £10,000) to a record £29,336 (2020/21: £10,000, 2019/20: £17,216).
Expenses were principally wages/freelance skipper services £12,167 (2020/21: £69, 2019/20: £12,251) and overall £16,731 (2020/21: £2,779, 2019/20: £17,597).
This meant that Big Dog Ferry not only returned to profit during Covid-19, but a significant profit of £12,605 (2020/21: £7,221, 2019/20: £381 loss) and now has unrestricted cash reserves of £18,831 (2020/21: £5,194, 2019/20: £938 deficit). Big Dog Ferry was originally acquired by the Lido with the hope that it would raise funds for the benefit of the Lido, and accordingly, these free cash reserves remain for the benefit of the Lido or Big Dog Ferry, at the Lido's discretion.
## **The Big Dog Ferry Pricing policy**
While the Trustees remain sensitive to the public's perception of good value for the service provided, they remain of the view that the overall Big Dog experience, on a beautiful stretch of the River Waveney, is a premium visitor experience; and that prices can reflect this in order that the Ferry both runs economically and allows BLL to continue to invest in the operation. 2021 pricing was set accordingly.
**- 11 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)** _**(continued)**_
## **Year ended 31 January 2022**
## **Achievements and performance** _**(continued)**_
## **The Big Dog Ferry Plans for the future**
The 2021 service, mirroring that of previous years, continued to affirm the Trustee's view that the current timetable, with request stops where practicable (although this is increasingly compromised due to deterioration of the access at Geldeston), meet the Ferry's users' requirements and demand for the service, while at the same time being practical and economic to run. Having replaced the engine, the Ferry is now well equipped for the foreseeable future. While a bigger boat would better meet peak demand, it could detract from the overall Big Dog experience, and so while this may be reviewed if the right opportunity arises, there are no immediate plans for the boat's replacement. The Trustees and head skipper continue to look into the future possibility of electric as a power source.
## **The Big Dog Ferry Covid-19 impact**
In fact, these were all to the benefit of the service - both the grants received and the realisation that a booking system led to more passengers. While passenger numbers had to be restricted initially to maintain Covid-safe social distancing, the Ferry was quickly able to return to its maximum capacity of 12 and enjoyed its busiest ever season.
## **Financial review**
The overall financial results of the charity as shown on page 18, were total income of £690,183 (2021: £545,376) including £162,506 (2021: £308,771) of grants and donations.
Expenditure amounted to £597,656 (2021: £568,440) including repairs, maintenance and equipment cost of £48,168 (2021: £309,627). Net income amounted to £92,527 (2021: net expenditure £23,064).
## **Reserves Policy**
As at 31 January 2022, BLL had restricted reserves of £45,824 (31 January 2021: £75,481), with £29,045 being a post-Covid re-opening grant to the Lido from Sport England, currently remaining restricted ahead of confirmation from Sport England that it can be released to unrestricted funds.
The open air swimming pool and its infrastructure needs continuous maintenance, upgrade and replacement to ensure that it can fulfil the objectives of the charity. The Lido is also subject to the vagaries of the weather. The Trustees have, since 2011, maintained a Designated Reserve Fund based on its current view of worst case visitors compared with season operating costs (£10,000); however, after 12 years during which we have experienced many extremes of weather, including a flood in 2020 which closed the Lido for a week, we have never needed to access this fund. A further Designated Reserve Fund to cover any unexpected maintenance (£10,000) during the season has similarly never been used, and we have now replaced virtually all plant and yet still have significant funds in a separate Designated Reserve Fund for this purpose. Accordingly, these funds have been released into the main (and now sole) Designated Reserve Fund. At 31 January 2022, this Fund stood at £124,979 (31 January 2021: £63,527) following deductions for 2021/22 (£31,030 for the pool covers and boilers) and reflation to better reflect the anticipated future needs of the Lido (based on increased investment since 2018 and refurbishments planned in 2022). The Lido will aim to reflate by £25,000 p.a. until further notice. The primary purpose of this fund will remain to cover the reasonably anticipated maintenance and replacement of equipment at the Lido, but it is also available to cover any other exceptional costs (such as as extraordinary energy price increases) if these cannot otherwise be met by grants or free cash.
**- 12 -**
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)** _**(continued)**_
## **Year ended 31 January 2022**
## **Financial review** _**(continued)**_
In anticipation of various investments required at the Hall, the Trustees also decided in 2020 that it is prudent for the Hall to formalise its own allocation of unrestricted funds and a Designated Reserve Fund now stands at £140,000 (31 January 2021: £60,000). This increase is to cover the anticipated increased wages in 2022/23 and 2023/24 while the Hall adjusts to less volunteers/more paid employees and seeks to generate the required income to cover this expense; and to thereafter be used for significant repairs and replacement of plant and equipment, or any other large and unavoidable or otherwise deemed appropriate expenses.
With Big Dog Ferry funds reflated, the Trustees also took the opportunity in 2020 to create a Designated Reserve Fund for the Ferry, for significant repairs and replacement of plant and equipment, or any other large and unavoidable or otherwise deemed appropriate expenses, and at 31 January 2022 this remains at £5,000 (31 January 2021: £5,000).
The balance of £65,038 (2020/21: £70,546, 2019/20: £98,526) unrestricted free cash reserves (ie. excluding fixed assets and investments), which remain segregated for the benefit of each asset, are available to be spent by each of Lido, Hall and Big Dog Ferry. Not least, the Trustees anticipate various repairs, upgrades and improvements, for which some grant funding has already been secured and further funds will be applied for, but against which BLL has to continue to demonstrate that it can match these grants with funds of its own through its own prudent financial management and accumulation of reserves for this purpose.
No target has been set for these reserves; rather at the moment they need to be as large as possible to set against the still remaining significant expenses anticipated to fully restore and maintain both the Lido and the Hall to the high quality to which the Trustees aspire, as well as for increases in wages as BLL needs to replace long standing volunteers with paid employees, and also in anticipation of increasing energy costs. These reserves also give BLL the resilience to survive unforeseen circumstances; and to be ready to take advantage of any opportunities to expand its asset base, if this furthers its charitable objectives and creates greater financial security.
There are no funds materially in deficit.
## **Structure, governance and management**
## **Governing document**
Beccles Lido Limited (BLL) is a charitable company limited by guarantee, incorporated on 21 January 2009 and registered as a charity on 13 October 2009. The company was established under a Memorandum of Association which set out the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up the trustees are required to contribute an amount not exceeding £10.
On 7 August 2011 the Memorandum of Association was modified to incorporate the wider scope of BLL's objectives to enable it to take over the management of Beccles Public Hall and, should the opportunity arise, other carefully selected assets.
**- 13 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Trustees' annual report (incorporating the directors' report)** _**(continued)**_
## **Year ended 31 January 2022**
## **Structure, governance and management** _**(continued)**_
## **Appointment of trustees**
The Trustees held office throughout the year except as indicated on page 3. They are elected for a period of 3 years after which they can be re-elected. Trustee recruitment is now open by invitation and the Board is conducting a review of its requirements which are expected to result in a restructuring of the Board which may include the appointment of new Trustee(s). The Trustees are also Directors within the meaning of the Companies Act 2006.
Shaun Crowley stepped down in order to take up an appointment as Managing Director of BLL, effective 1 February 2021, a role which he combines with financial control of the charity.
## **Induction and training of Trustees**
All new Trustees are provided with:
- The Memorandum and Articles of Association
- The latest accounts of the charity
- Details of the Charity Commission publication - The Essential Trustee: "What you need to know"
In addition Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.
## **Organisational Structure**
The Board of Trustees administers the charity. The board meet six times a year and sub-groups of Trustees run the three different parts of the organisation.
A management group at each of the Hall and the Lido supports the Trustees, with sub-groups for specific aspects and projects, for example fundraising, events and buildings.
## **Risk assessment**
There are a significant number of operational procedures and risk assessments at the Lido and at the Hall that are reviewed and updated annually and as circumstances arise.
## **Related Parties**
On 29 January 2014 Beccles Lido Trading Limited was incorporated as a wholly owned trading company to carry out certain trading activities with all profits gifted to the charity for the sole benefit of the Lido.
## **Independent examiner**
Mark Proctor, FCA DChA of Lovewell Blake LLP has been reappointed as Independent Examiner for the ensuing year.
## **Small company provisions**
This report has been prepared taking advantage of the small companies' exemption of section 415A of the Companies Act 2006.
**- 14 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
**Trustees' annual report (incorporating the directors' report)** _**(continued)**_
## **Year ended 31 January 2022**
The trustees' annual report (incorporating the directors' report) was approved on 26 October 2022 and signed on behalf of the board of trustees by:
Mrs Maureen Saunders (Vice-Chair) Trustee
**- 15 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Independent examiner's report to the trustees of Beccles Lido Limited**
## **Year ended 31 January 2022**
I report to the charity trustees on my examination of the financial statements of the company for the year ended 31 January 2022 which comprise the statement of financial activities (including income and expenditure account), balance sheet, statement of cash flows and the related notes.
## **Responsibilities and basis of report**
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the financial statements 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 company's financial statements as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales 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:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements 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).
**- 16 -**
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Independent examiner's report to the trustees of Beccles Lido Limited** _**(continued)**_
## **Year ended 31 January 2022**
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.
Mark Proctor FCA DChA Independent Examiner
Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
27 October 2022
**- 17 -**
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Statement of financial activities (including income and expenditure account)**
## **Year ended 31 January 2022**
||||**2022**||2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|42,219|120,287|162,506|308,771|
|Charitable activities|**6**|388,602|–|388,602|138,968|
|Other trading activities|**7**|54,132|–|54,132|25,046|
|Investment income|**8**|41,305|–|41,305|6,021|
|Other income|**9**|43,638|–|43,638|66,570|
|||``|``|``|``|
|**Total income**||569,896|120,287|690,183|545,376|
|||``|``|``|``|
|**Expenditure**||||||
|Raising funds||||||
|Costs of other trading activities|**10**|(26,665)|(278)|(26,943)|(12,783)|
|Charitable activities|**11**|(434,241)|(136,472)|(570,713)|(555,657)|
|||``|``|``|``|
|**Total expenditure**||(460,906)|(136,750)|(597,656)|(568,440)|
|||``|``|``|``|
|**Net income/(expenditure) before transfer of**||||||
|**funds**||108,990|(16,463)|92,527|(23,064)|
|Transfers between funds||13,194|(13,194)|–|–|
|||``|``|``|``|
|**Net movement in funds**||122,184|(29,657)|92,527|(23,064)|
|**Reconciliation of funds**||||||
|Total funds brought forward||323,720|75,481|399,201|422,265|
|||``|``|``|``|
|**Total funds carried forward**||445,904|45,824|491,728|399,201|
|||``|``|``|``|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 21 to 35 form part of these financial statements.**
**- 18 -**
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Balance sheet**
## **31 January 2022**
|||**2022**||2021||
|---|---|---|---|---|---|
||**Note**|**£**|**£**|£|£|
|**Fixed assets**||||||
|Tangible fixed assets|**16**||110,786||104,646|
|Investments|**17**||101||1|
||||``||``|
||||110,887||104,647|
|**Current assets**||||||
|Stocks|**18**|2,965||2,515||
|Debtors|**19**|25,011||32,672||
|Cash at bank and in hand||382,579||278,589||
|||``||``||
|||410,555||313,776||
|**Creditors: Amounts falling due within**||||||
|**one year**|**20**|(29,714)||(19,222)||
|||``||``||
|**Net current assets**|||380,841||294,554|
||||``||``|
|**Total assets less current liabilities**|||491,728||399,201|
||||``||``|
|**Funds of the charity**||||||
|Restricted funds|||45,824||75,481|
|Unrestricted funds|||445,904||323,720|
||||``||``|
|**Total charity funds**|**22**||491,728||399,201|
||||``||``|
For the year ending 31 January 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 26 October 2022, and are signed on behalf of the board by:
Mrs Maureen Saunders (Vice-Chair) Trustee
Company registration number: 06805012
**The notes on pages 21 to 35 form part of these financial statements.**
**- 19 -**
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Statement of cash flows**
## **Year ended 31 January 2022**
||**2022**|2021|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net income/(expenditure)|92,527|(23,064)|
|_Adjustments for:_|||
|Depreciation of tangible fixed assets|50,933|42,461|
|Investment income|(41,007)|(5,720)|
|Other interest receivable and similar income|(298)|(301)|
|_Changes in:_|||
|Stocks|(450)|605|
|Trade and other debtors|7,661|55,478|
|Trade and other creditors|10,492|(38,381)|
||``|``|
|Cash generated from operations|119,858|31,078|
|Interest received|298|301|
||``|``|
|Net cash from operating activities|120,156|31,379|
||``|``|
|**Cash flows from investing activities**|||
|Investment income|41,007|5,720|
|Purchase of tangible assets|(57,073)|(67,398)|
|Purchases of other investments|(100)|–|
||``|``|
|Net cash used in investing activities|(16,166)|(61,678)|
||``|``|
|**Net increase/(decrease) in cash and cash equivalents**|103,990|(30,299)|
|**Cash and cash equivalents at beginning of year**|278,589|308,888|
||``|``|
|**Cash and cash equivalents at end of year**|382,579
``|278,589
``|
**The notes on pages 21 to 35 form part of these financial statements.**
**- 20 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements**
## **Year ended 31 January 2022**
## **1. General information**
The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales.
The address of the registered office is 6 Cromwell Close, Beccles, NR34 9XE, Suffolk.
Provide the community with a healthy outdoor activity and for the Public Hall, a place where the community can meet and enjoy theatrical and other entertainments.
## **2. Statement of compliance**
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
## **3. Accounting policies**
## **(a) Basis of preparation**
The financial statements have been prepared on the historical cost basis.
## **(b) Going concern**
The financial statements have been prepared on a going concern basis, as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
The Trustees have considered the impact of Covid-19 in making this assessment.
## **(c) Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future projects or commitments.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal.
**- 21 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
## **3. Accounting policies** _**(continued)**_
## **(d) Income**
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
• Donations, grants and legacies are included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
• Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
- Investment income is included when receivable.
- Income from charitable trading activities is accounted for when earned.
• Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
## **(e) Expenditure**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
• Costs of raising funds comprise the costs associated with attracting voluntary income.
• Charitable activities comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
• Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity.
• All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
## **(f) Tangible assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
**- 22 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
## **3. Accounting policies** _**(continued)**_
## **(g) Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|Hall building|-|20% straight line|
|---|---|---|
|Lido building|-|20% straight line|
|Lido pool equipment|-|20% straight line|
|Other assets|-|20% straight line|
|Lido kitchen equipment|-|20% straight line|
|Public Hall equipment|-|20% straight line|
## **(h) Investments**
Unlisted investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
## **(i) Stocks**
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
## **(j) Defined contribution plans**
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
## **(k) Financial instruments**
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost
**- 23 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
## **4. Limited by guarantee**
The organisation is a charitable company limited by guarantee and in the event of the company being wound up members are required to contribute an amount not exceeding £10.
## **5. Donations and legacies**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2022**|
||£|£|**£**|
|**Donations**||||
|Donations and grants - restricted|–|120,287|120,287|
|Donations and grants - unrestricted|42,145|–|42,145|
|Membership fees|74|–|74|
||``|``|``|
||42,219|120,287|162,506|
||``|``|``|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||£|£|£|
|**Donations**||||
|Donations and grants - restricted|–|223,751|223,751|
|Donations and grants - unrestricted|84,946|–|84,946|
|Membership fees|74|–|74|
||``|``|``|
||85,020|223,751|308,771|
||``|``|``|
The charity received a number of grants from the local councils. Details of the grants received are set out in note 22.
## **6. Charitable activities**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2022**|Funds|2021|
||£|**£**|£|£|
|Swimming income|276,969|276,969|101,897|101,897|
|Big Dog Ferry income|21,336|21,336|–|–|
|Hall hire|14,105|14,105|5,237|5,237|
|Show income|76,192|76,192|31,834|31,834|
||``|``|``|``|
||388,602|388,602|138,968|138,968|
||``|``|``|``|
## **7. Other trading activities**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2022**|Funds|2021|
||£|**£**|£|£|
|Fundraising events and income|21,170|21,170|7,911|7,911|
|Bar income|21,426|21,426|6,017|6,017|
|Lottery income|11,536|11,536|11,118|11,118|
||``|``|``|``|
||54,132|54,132|25,046|25,046|
||``|``|``|``|
**- 24 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
## **8. Investment income**
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Income from group undertakings|41,007|41,007|5,720|5,720|
||Bank interest receivable|298|298|301|301|
|||``|``|``|``|
|||41,305|41,305|6,021|6,021|
|||``|``|``|``|
|**9.**|**Other income**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Other income|540|540|11,914|11,914|
||Coronavirus Job Retention Scheme|15,124|15,124|41,472|41,472|
||Insurance claims|27,974|27,974|13,184|13,184|
|||``|``|``|``|
|||43,638|43,638|66,570|66,570|
|||``|``|``|``|
|**10.**|**Costs of other trading activities**|||||
||||Unrestricted|Restricted|**Total Funds**|
||||Funds|Funds|**2022**|
||||£|£|**£**|
||Event and fundraising costs||12,464|–|12,464|
||Lottery expenses||5,853|–|5,853|
||Bar costs||8,348|278|8,626|
||||``|``|``|
||||26,665|278|26,943|
||||``|``|``|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
||||£|£|£|
||Event and fundraising costs||4,702|195|4,897|
||Lottery expenses||5,458|–|5,458|
||Bar costs||2,428|–|2,428|
||||``|``|``|
||||12,588|195|12,783|
||||``|``|``|
**- 25 -**
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
## **11. Expenditure on charitable activities**
|||||**Total Funds**|
|---|---|---|---|---|
||**Lido**|**Public Hall **|**Big Dog Ferry**|**2022**|
||**£**|**£**|**£**|**£**|
|Staff wages|182,459|62,116|8,373|252,948|
|Show costs|–|61,937|–|61,937|
|Repairs and maintenance|38,480|9,688|–|48,168|
|Light, heat and water|41,994|3,950|–|45,944|
|Printing, postage and telephone|1,941|3,258|72|5,271|
|Cleaning and waste disposal|2,907|1,106|–|4,013|
|Insurance|8,308|1,695|812|10,815|
|Advertising and publicity|3,130|21,331|383|24,844|
|Bank charges|1,276|100|–|1,376|
|Depreciation|46,444|3,357|1,132|50,933|
|Equipment|8,454|6,647|–|15,101|
|Miscellaneous (inc training, uniforms)|8,215|459|4,186|12,860|
|Big Dog Ferry costs|–|–|1,773|1,773|
|Governance costs|11,162|23,568|–|34,730|
||``|``|``|``|
||354,770|199,212|16,731|570,713|
||``|``|``|``|
|||||Total Funds|
||Lido|Public Hall|Big Dog Ferry|2021|
||£|£|£|£|
|Staff wages|88,641|30,284|69|118,994|
|Show costs|–|31,153|–|31,153|
|Repairs and maintenance|299,807|4,925|–|304,732|
|Light, heat and water|25,985|2,335|–|28,320|
|Printing, postage and telephone|2,050|1,926|10|3,986|
|Cleaning and waste disposal|1,569|750|–|2,319|
|Insurance|7,465|1,818|734|10,017|
|Advertising and publicity|2,620|5,786|274|8,680|
|Bank charges|1,081|65|–|1,146|
|Depreciation|39,031|2,298|1,132|42,461|
|Equipment|2,518|2,377|–|4,895|
|Miscellaneous (inc training, uniforms)|(19,641)|356|–|(19,285)|
|Big Dog Ferry costs|–|–|560|560|
|Funds transferred to BLL|(2,221)|–|2,221|–|
|Governance costs|7,013|10,666|–|17,679|
||``|``|``|``|
||455,918|94,739|5,000|555,657|
||``|``|``|``|
|**Governance costs**|||||
||||**2022**|2021|
||||**£**|£|
|Independent examination fee|||5,191|4,194|
|Other accountancy services|||1,320|–|
|Professional fees|||28,219|13,485|
||||``|``|
||||34,730|17,679|
||||``|``|
During the year ended 31 January 2022 £136,472 (2021: £225,179) of charitable activities was restricted and £434,241 (2021: £330,478) was unrestricted.
**- 26 -**
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
## **12. Net income/(expenditure)**
Net income/(expenditure) is stated after charging/(crediting):
||**2022**|2021|
|---|---|---|
||**£**|£|
|Depreciation of tangible fixed assets|50,933|42,461|
||``|``|
## **13. Staff costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
||**2022**|2021|
|---|---|---|
||**£**|£|
|Wages and salaries|242,022|117,261|
|Social security costs|8,553|1,048|
|Employer contributions to pension plans|2,373|685|
||``|``|
||252,948|118,994|
||``|``|
The average head count of employees during the year was 38 (2021: 25).
This includes both full time and part time staff. Of the 38 staff employed by Beccles Lido Limited (BLL) 7 staff were employed to support the trading activities of Beccles Lido Trading Limited (BLT). BLT is a wholly owned subsidiary of BLL and recompensed BLL £15,059 (2021: £53) for staff costs which directly related to trading activities carried out by BLT on Beccles Lido's behalf.
The Trustees consider the key management personnel to be the managing director, Lido manager, site manager and programming and marketing manager. The total compensation paid to key management personnel for services provided to the charity was £107,083 (2021: £7,364).
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
## **14. Trustee remuneration and expenses**
No Trustees received reimbursement of expenses outside the day to day management of the Charity in the current or previous year.
## **15. Transfers between funds**
Fund transfers represent the purchase of capital items from restricted income where no ongoing restriction exists and to increase the value of the designated repairs funds.
**- 27 -**
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
## **16. Tangible fixed assets**
||||**Fixtures,**||||
|---|---|---|---|---|---|---|
||**Hall**|**Lido**|**fittings and**|**Other**|**Public Hall**||
||**Building**|**Building**|**equipment**|**assets**|**Equipment**|**Total**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**Cost**|||||||
|At 1 February 2021|11,908|83,403|143,622|13,725|48,260|300,918|
|Additions|–|–|51,778|–|5,295|57,073|
||``|``|``|``|``|``|
|**At**|||||||
|**31 January 2022**|11,908|83,403|195,400|13,725|53,555|357,991|
||``|``|``|``|``|``|
|**Depreciation**|||||||
|At 1 February 2021|11,908|50,043|79,523|10,286|44,512|196,272|
|Charge for the|||||||
|year|–|16,681|29,763|1,132|3,357|50,933|
||``|``|``|``|``|``|
|**At**|||||||
|**31 January 2022**|11,908|66,724|109,286|11,418|47,869|247,205|
||``|``|``|``|``|``|
|**Carrying amount**|||||||
|**At**|||||||
|**31 January 2022**|–|16,679|86,114|2,307|5,686|110,786|
||``|``|``|``|``|``|
|At|||||||
|31 January 2021|–
``|33,360
``|64,099
``|3,439
``|3,748
``|104,646
``|
## **17. Investments**
||Shares in|||
|---|---|---|---|
||group|Other||
||undertakings|investments|**Total**|
||£|£|**£**|
|**Cost or valuation**||||
|At 1 February 2021|1|–|1|
|Additions|–|100|100|
||``|``|``|
|**At 31 January 2022**|1|100|101|
||``|``|``|
|**Impairment**||||
|**At 1 February 2021 and 31 January 2022**|–|–|–|
||``|``|``|
|**Carrying amount**||||
|**At 31 January 2022**|1|100|101|
||``|``|``|
|At 31 January 2021|1|–|1|
||``|``|``|
All investments shown above are held at valuation.
**- 28 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
## **17. Investments** _**(continued)**_
Investments represents 100% share capital of Beccles Lido Trading Limited, incorporated in England. The results for the company for the year are:
|||**2022**||2021|
|---|---|---|---|---|
|||**£**||£|
||Turnover|58,539||875|
||Profit for the year|47,001||5,720|
||Gifted to the charity|(47,001)||(5,720)|
||Net assets|1||1|
|||``||``|
|**18.**|**Stocks**||||
||||**2022**|2021|
||||**£**|£|
||Stock held for resale||2,965|2,515|
||||``|``|
||All stock is held for resale by the Public Hall bar.||||
|**19.**|**Debtors**||||
||||**2022**|2021|
||||**£**|£|
||Trade debtors||2,226|512|
||Prepayments and accrued income||22,785|32,160|
||||``|``|
||||25,011|32,672|
||||``|``|
|**20.**|**Creditors:** **Amounts falling due within one year**||||
||||**2022**|2021|
||||**£**|£|
||Trade creditors||2,534|5,280|
||Social security and other taxes||5,174|–|
||Accruals and deferred income||18,251|13,942|
||Other creditors||3,755|–|
||||``|``|
||||29,714|19,222|
||||``|``|
|||**2022**||2021|
|||**£**||£|
||Deferred income brought forward|3,427||16,938|
||Released during the year|(3,427)||(16,938)|
||Deferred during the year|10,017||3,427|
|||``||``|
||Deferred income carried forward|10,017||3,427|
|||``||``|
Deferred income comprise funds received in advance of 2022 events.
**- 29 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
## **21. Pensions and other post retirement benefits**
## **Defined contribution plans**
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,373 (2021: £685).
## **22. Analysis of charitable funds**
## **Unrestricted funds at 31 January 2022**
||||||At 31 Jan|
|---|---|---|---|---|---|
|At|1 Feb 2021|Income|Expenditure|Transfers|2022|
||£|£|£|£|£|
|Lido Designated reserves fund|63,527|–|–|61,452|124,979|
|Lido Reserves|10,000|–|–|(10,000)|–|
|Lido Emergency repairs fund|10,000|–|–|(10,000)|–|
|Hall Designated reserves fund|60,000|–|–|80,000|140,000|
|Big Dog Ferry sinking fund|5,000|–|–|–|5,000|
|General funds|175,193|569,896|(460,906)|(108,258)|175,925|
||``|``|``|``|``|
||323,720|569,896|(460,906)|13,194|445,904|
||``|``|``|``|``|
|**Unrestricted funds at 31 January 2021**||||||
||||||At 31 Jan|
|At|1 Feb 2020|Income|Expenditure|Transfers|2021|
||£|£|£|£|£|
|Lido Repairs fund|82,121|–|(33,594)|15,000|63,527|
|Lido Reserves|10,000|–|–|–|10,000|
|Lido Emergency repairs fund|10,000|–|–|–|10,000|
|Hall repairs fund|–|–|–|60,000|60,000|
|Big Dog Ferry sinking fund|–|–|–|5,000|5,000|
|General funds|178,233|321,625|(309,472)|(15,193)|175,193|
||``|``|``|``|``|
||280,354|321,625|(343,066)|64,807|323,720|
||``|``|``|``|``|
Lido Designated reserves fund - represents the allocation of reserves to cover the planned cost of repairs and equipment replacement together with exceptional costs (such as extraordinary energy price increases) if these cannot otherwise be met by grants or free reserves. It is expected that £27,000 of this fund will be used towards a reception and cubicle refurbishment in 2022/23.
Lido Reserves fund - represents the allocation of reserves to cover the financial effects of a reduction in visitor income due to circumstances beyond the charity's control.
Lido Emergency repairs fund - represents the allocation of reserves to cover the cost of any unexpected maintenance required at the Lido.
Hall Designated reserves fund - represents the allocation of reserves to cover the cost of any significant repairs and replacement of plant and equipment, or any other large and unavoidable or otherwise deemed appropriate expense including wages incurred replacing long standing senior volunteers while additional income is generated to cover these increased operating costs.
**- 30 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
Big Dog Ferry sinking fund - represents the allocation of reserves to cover the cost of significant repairs and replacement of plant and equipment, or any other large and unavoidable or otherwise deemed appropriate expenses.
## **Restricted funds at 31 January 2022**
||||||At 31 Jan|
|---|---|---|---|---|---|
||At 1 Feb 2021|Income|Expenditure|Transfers|2022|
||£|£|£|£|£|
|**Lido:**||||||
|Essex Community Foundation|800|–|–|(800)|–|
|Suffolk Community - Harris||||||
|Family Trust|1,800|–|–|(772)|1,028|
|Beccles Town Council|500|–|–|(500)|–|
|SCC Locality Budget (Cllr||||||
|Brambley-Crawshaw)|2,000|–|–|–|2,000|
|SCC Locality Budget (Cllr||||||
|Ritchie)|500|–|–|–|500|
|Garfield Weston|20,700|–|(11,640)|(3,000)|6,060|
|SCC Locality Budget (Cllr||||||
|Elfrede)|–|2,000|–|(2,000)|–|
|SCC Locality Budget (Cllr Bee)|–|2,000|–|(2,000)|–|
|Sport England|–|30,245|(1,200)|–|29,045|
|Community Lottery|–|94|–|(94)|–|
|**Hall:**||||||
|Peter Aldous MP|155|–|(155)|–|–|
|C & A Thomas Memorial Trust||||||
|(5)|2,942|–|(2,942)|–|–|
|Beccles Community donations||||||
|and fundraising (4)|720|–|(720)|–|–|
|Suffolk Community Foundation||||||
|(3)|4,101|–|–|–|4,101|
|Suffolk Community Foundation||||||
|(5)|–|2,838|(286)|(1,062)|1,490|
|ESC - Restart Grant|–|400|–|–|400|
|Tesco Bags of Help|–|1,000|(233)|(767)|–|
|Suffolk Community Foundation||||||
|(6)|–|2,500|(2,500)|–|–|
|ESC - Youth Take Over|–|1,200|–|–|1,200|
|Arts Council England|41,263|78,010|(117,074)|(2,199)|–|
||``|``|``|``|``|
||75,481|120,287|(136,750)|(13,194)|45,824|
||``|``|``|``|``|
**- 31 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
|**Restricted funds at 31 January 2021**|**Restricted funds at 31 January 2021**|||||
|---|---|---|---|---|---|
||||||At 31 Jan|
||At 1 Feb 2020|Income|Expenditure|Transfers|2021|
||£|£|£|£|£|
|**Lido:**||||||
|Garfield Weston Anniversary||||||
|Fund|23,378|–|(23,378)|–|–|
|Harris Family Fund|2,000|–|(2,000)|–|–|
|Groundwork - Tesco|3,000|–|(3,000)|–|–|
|Donation from Apollo Lodge|200|–|(200)|–|–|
|Beccles Town Council|2,000|–|(2,000)|–|–|
|Co-op|1,945|–|(1,945)|–|–|
|East Suffolk Council -||||||
|Exemplar Fund|10,000|–|(10,000)|–|–|
|Helping Hands|1,000|–|(1,000)|–|–|
|Inner Wheel|200|–|(200)|–|–|
|Sport England|5,000|–|(5,000)|–|–|
|East Suffolk Council CIL|75,000|–|(75,000)|–|–|
|Beccles Community donations||||||
|and fundraising (4)|1,929|320|(2,249)|–|–|
|Essex Community Foundation|800|–|–|–|800|
|Suffolk Community - Harris||||||
|Family Trust|1,800|–|–|–|1,800|
|Beccles Town Council|500|–|–|–|500|
|ESC - Cllr Brambley-||||||
|Crawshaw, Elliott, Topping|–|10,000|(10,000)|–|–|
|Charitable Foundation|–|100,000|(43,030)|(56,970)|–|
|Groundwork - Tesco|–|1,000|(1,000)|–|–|
|SCC Locality Budget (Cllr||||||
|Brambley-Crawshaw)|–|2,000|–|–|2,000|
|SCC Locality Budget (Cllr||||||
|Ritchie)|–|500|–|–|500|
|Aiden's Gift Charitable Fund|–|3,500|–|(3,500)|–|
|SCC Locality Budget (Cllr Bee)|–|2,000|–|(2,000)|–|
|Garfield Weston|–|30,000|(9,300)|–|20,700|
|**Hall:**||||||
|Peter Aldous MP|250|–|(95)|–|155|
|C & A Thomas Memorial Trust||||||
|(5)|7,561|–|(4,619)|–|2,942|
|C & A Thomas Memorial Trust||||||
|(6)|229|–|(229)|–|–|
|Forget-Me-Nots|198|–|(198)|–|–|
|Rotary|100|–|(100)|–|–|
|Beccles Community donations||||||
|and fundraising (4)|720|–|–|–|720|
|Suffolk Community Foundation||||||
|(3)|4,101|–|–|–|4,101|
|ESC - Enabling Community||||||
|Budget (Cllr G Elliott)|–|1,500|–|(1,500)|–|
|Enabling Communities Grant|–|837|–|(837)|–|
|Arts Council England|–|72,094|(30,831)|–|41,263|
||``|``|``|``|``|
||141,911|223,751|(225,374)|(64,807)|75,481|
||``|``|``|``|``|
**- 32 -**
**Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
## **Beccles Lido**
Garfield Weston Anniversary Fund, Harris Family Fund, Groundwork - Tesco, Donation form Apollo Lodge, Beccles Town Council, Co-op, East Suffolk County Council - Exemplar Fund, Helping Hands, Inner Wheel, Sport England, East Suffolk Council CIL, Beccles Community donations and fundraising (4), ESC - Cllr Brambley-Crawshaw, Elliott, Topping, Charitable Foundation - Grants for main pool project
Essex Community Foundation, Suffolk Community - Harris Family Trust, Beccles Town Council, SCC Locality Budget (Cllr Brambley-Crawshaw), SCC Locality Budget (Cllr Ritchie)- Grants for lane ropes
Aiden's Gift Charitable Fund - Donation for springboard
Garfield Weston - Grant for reflating reserves, various expenses and upgrades
SCC Locality Budget (Cllr Bee), SCC Locality Budget (Cllr Elfrede) - Grants towards springboards
Community Lottery, SCC Locality Budget (Cllr Bee), SCC Locality Budget (Cllr Elfrede) - Grants towards boilers
Sport England - Grant to support the Charity post Covid-19
## **Beccles Public Hall**
Peter Aldous MP - Grant for dementia sessions
C & A Thomas Memorial Trust (5) - Grants for staff wages
C & A Thomas Memorial Trust (6) and Forget-Me-Nots - Grants towards basic lighting controls
Rotary and Beccles Community donations and fundraising (4) - Grants towards dementia sessions
Suffolk Community Foundation (3) - Grant for dementia session
ESC - Enabling Community Budget (Cllr G Elliott) - Grant for digital piano
Enabling Communities Grant - Grant for PC
Arts Council England - Culture recovery fund grant
Suffolk Community Foundation (5) - Grant towards dementia sessions
Suffolk Community Foundation (6) - Grant towards Matilda the Musical Jnr
ESC Restart Grant - Grants towards dementia sessions
ESC Youth Takeover - Grants towards the youth theatre Tesco Bags of Help - Grant towards sound equipment
**- 33 -**
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
## **23. Analysis of net assets between funds**
**As at 31 January 2022**
|**As at 31 January 2022**|||||
|---|---|---|---|---|
||||Net current||
||Fixed assets|Investments|assets|Total 2022|
||£|£|£|£|
|**Restricted Income Funds**|||||
|**Lido:**|||||
|Suffolk Community - Harris Family Trust|–|–|1,028|1,028|
|SCC Locality Budget (Cllr Brambley-|||||
|Crawshaw)|–|–|2,000|2,000|
|SCC Locality Budget (Cllr Ritchie)|–|–|500|500|
|Garfield Weston|–|–|6,060|6,060|
|Sport England|–|–|29,045|29,045|
|**Hall:**|||||
|Suffolk Community Foundation (3)|–|–|4,101|4,101|
|Suffolk Community Foundation (5)|–|–|1,490|1,490|
|ESC - Restart Grant|–|–|400|400|
|ESC - Youth Take Over|–|–|1,200|1,200|
||``|``|``|``|
||–|–|45,824|45,824|
||``|``|``|``|
|**Unrestricted Funds**|||||
|Designated Funds|–|–|269,979|269,979|
|General Funds|110,786|101|65,038|175,925|
||``|``|``|``|
||110,786|101|335,017|445,904|
||``|``|``|``|
||``|``|``|``|
|**Total Funds**|110,786|101|380,841|491,728|
||``|``|``|``|
**- 34 -**
## **Beccles Lido Limited**
## **Company Limited by Guarantee**
## **Notes to the financial statements** _**(continued)**_
## **Year ended 31 January 2022**
|**As at 31 January 2021**|||||
|---|---|---|---|---|
||||Net current||
||Fixed assets|Investments|assets|Total 2021|
||£|£|£|£|
|**Restricted Income Funds**|||||
|**Lido:**|||||
|Essex Community Foundation|–|–|800|800|
|Suffolk Community - Harris Family Trust|–|–|1,800|1,800|
|Beccles Town Council|–|–|500|500|
|SCC Locality Budget (Cllr Brambley-|||||
|Crawshaw)|–|–|2,000|2,000|
|SCC Locality Budget (Cllr Ritchie)|–|–|500|500|
|Garfield Weston|–|–|20,700|20,700|
|**Hall:**|||||
|Peter Aldous MP|–|–|155|155|
|C & A Thomas Memorial Fund (5)|–|–|2,942|2,942|
|Beccles Community donations and|||||
|fundraising (4)|–|–|720|720|
|Suffolk Community Foundation (3)|–|–|4,101|4,101|
|Arts Council England|–|–|41,263|41,263|
||``|``|``|``|
||–|–|75,481|75,481|
||``|``|``|``|
|**Unrestricted Funds**|||||
|Designated Funds|–|–|148,527|148,527|
|General Funds|104,646|1|70,546|175,193|
||``|``|``|``|
||104,646|1|219,073|323,720|
||``|``|``|``|
||``|``|``|``|
|**Total Funds**|104,646|1|294,554|399,201|
||``|``|``|``|
## **24. Related party transactions**
There were no related party transactions in the current year.
In the prior year Mr Harvey Crowley, the son of Mr Shaun Crowley, received payments of £900 in relation to painting and decorating works carried out at the Lido.
## **25. Analysis of changes in net debt**
|||At||**At**|
|---|---|---|---|---|
||1|February 2021|Cash flows|**31 January 2022**|
|||£|£|**£**|
|Cash at bank and in hand||278,589|103,990|382,579|
|||``|``|``|
**- 35 -**