COMPANY REGISTRATION NUMBER: 6748266
CHARITY REGISTRATION NUMBER: 1134583
Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
Iiiilli
*AD18ORMP*
1811212024
COMPANIES HOUSE
A08
#117
WESTCOThS
Chartered accountants
Petitor House
Nicholson Road
Torquay
Devon
TQ2 ThD

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the directors, rep)rt)
Independent examinerfs report to the trustees
Statement of financial activities (including income and expenditure account)
Statement of financial position
Notes to the financlal statements
The followlng pages do not form part of the flnanclal statements
Detailed statement of financlal activities
19

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directors, Report)
Year ended 31 March 2024
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 March 2024.
Reference and admlnlstratlve detalls
Rogistered charfty name
Dartmouth and District Indoor Pool Trust
Charfty registratlon number
1134583
Company reglstratlon number 6748266
Principal offi¢& and registerod Dartmouth Leisure Centre
offlco
Wessex Way
Dartmouth
Devon
TQ6 OJL
The trustees
Allan Smith
Sarah Dorsett
Craig Davidson
Margaret Bickley
Elizabeth Towers
l Matthew Cusack
Helen Darch
Gordon Coutts
Susan Manley
Samantha Geen
Elizabeth Moseley
Paul Girardot
(Retired 13 June 2023)
(Retired 8 October 2024)
(Retired 12 December 2023)
(Retired 15 August 2024)
Company secretary
Michael Burden
Indopendent examlner
S R Smith (FCA)
Westcotts
Chartered Accountants
Pelitor House
Nicholson Road
Torquay
Devon
TQ2

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directors, Report) (continued)
Year ended 31 March 2024
Structure, governance and rnanagemént
The Trust is a company limited by guarantee and incorporated under its Memorandum and Articles of
Association.
The Board of trustees meel regularly as business merits and all decisions are made by the Board.
Trustees are appointed following a vote by the board. Application is encouraged from members of the
local community, by advertisement and networking. Potential trustees are invited to attend a board
meeling as an observer and to meei.INstees. If there is willingness to offer themselves as a trustee,
they are then asked to meet the Chair and representative trustees for further discussion before
appointment at the next board meeting. Following an appointment. new trustees are offered an
induclion with the Chair to enable familiarisation of the Trust documents and Trustee Information
Pack. Trustees are also directed to Charity Commission and other governance websites and
publications.
The board understands the importance of the diversity of its trustees in regard to Ihe Charity
Governance Code and is mindful of this when going through the recrultment process for new trustees.
Prlnclpal Rlsks and Uncertalntles
The Trust board regularly discusses the types of risk associated with the operation of a pool open to
the publlc.
The effect of the pandernic in 2020 and 2021 continues to unwind as revenues build up slowly yet to
reach pre-pandernic levels. As we rely on our agent for the operation of the pool, we are mindful of
their operations as well. Thus. we are aware the agent has a CBILS loan maturing in 2025 and
maintain an interest in the outcome of that application.
A number of the trustees are familiar with the operation of pool and leisure facilities and the operator
reports incidents on a monthly basis as, part of their ￿port to the Trust. Insurances have been taken
out and fully reviewed with the Trust's broker to ensure that cover is appropriaie and adequate for the
Trust's specific circumstances. The Trust has confirrned the operator has the necessary up-to-date
insurances in place to operate the site.
Operatlonal rlsk
The main income to the pool cornes from its contract wth the operator and so there is an exposure to
the risk of the operator failing to perform on the contract. However, insurance is in place lo cover
business interruption and rernedies are in place under the contract.
The operating environment of a swlmming pool contains a number of risks to the. public and
employees. The Trust.has in place monitoring procedures with Fusion Lifestyle who are an
.experienced pool operator. Trustees continue to (x)nsider risk as activity changes in the pool
environment.
Furtherrnore. the Trust has taken out.. insurance with the advlce of an experienced broker who deals in
this type of insurance. The operator 'also has insurance cover. which is reviewed and updated
annually.

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directors, Report) (Gonllnuodj
Year ended 31 March 2024
Complian¢0 risk
The Pool is registered for VAT and currently within the Capital Goods Scheme regime. This scheme
requires ongoing compliance with Certain aspects of the VAT legislation for a period of ten years. from
the date the Pool is broughl into use which was 1sl December 2016. This compliance is monitored on
regular basis and professional advice is taken with respect to this and other VAT issues. If
applicable the details of any signfficant risks facing the Trust is discussed and how the trustees intend
to manage them.
The Trust uses a payroll agent to pay the Trustee Pool Manager and handle compliance with income
taxes and National Insurance.
ObJecllve8 and actlvltles
We havè referred to the guidance contained in the Charity Commission's general guidance on public
benefit when reviewing our aims and objectives and in planning our future activities. The objects of the
charily are the advancement of amateur sport and the promotion of community partlcipation in healthy
recreation for the benefit of the inhabitants of Dartmouth and the surrounding dislrict by the provision
of public facilities for swimming and other active sports. The charity is non-party in politics and non-
sectarian in religion and will not discriminate on the grounds of sex, sexual orienlaiion. race or opinion.
The Trust actively engages with users in the local community to encourage use of the pool. Among
iniliatives the Trust have endeavoured to work with GP'S to promote and initiate social prescribing.
where local GP'S prescribe swimming axbrcise to aid recovery. A project is close io being initiated with
Level Water. a national charity. lo help disabled children gain confidence in and on the water. The
trust continues to explore ways of enabling and supporting 'locals membership, and inviting local
schools to use the pool for swimming lessons.
A full and varied programm8 of fundraising for the pool continues, including two major fetes held in the
town during the summer months. The Trust actively supports a local swimming club to use the site
several times a week and introduces youngsters to swirnming. It now enters a numb8r of local,
regional and national competitions with swimmers in junior. senior and masters competitions. Th8
swimming club are regularly seeing 150 attendees each week.
Achlevements and performance
The Trust entered into its sixth full year of operations of the swimming pool. The trustees met mainly
during in-person meetings on a monthly basis. They continued to be active in their stewardship and
management of Ihe pool siie. They also maintained regular meelings with representatives of Fusion
Lifestyle to discuss operations as the site reopened and activity resumed.
n 2023 the Trust invested in a new sound absorption system conslsting of panels attached to the
Interior walls of the pool. These have resulted in a significant improvement in Ihe acoustics of the pool
with important advantages for all swimmers but especially during swimming lessons. This allows
easier communication between swim coaches and their swimmers.
The other significant improvement we made this year was engaging a local artist to decorale the
internal walls of the pool. entrance and viewing gallery with a I0￿ul and colourful collage of children
having fun swimming with turtles, whales, mermaids, and others sea life.
This has been hugely popular with both parents and children.

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directors, Report) (contlnued)
Year ended 31 March 2024
Financlal review
Fundraising income was £1,080 (2023 £1,389) and swimming pool income was £91,112 (2023
£77,546). Total income for the year was £142,074 (2023 - £128.466) and total expenditure was
£133.663 (2023 £121,033), including depreciation of £48,849. giving a net income of £8,411 (2023
£7,433). At 31 March 2024 there were total unrestricted funds of £117.072 (2023 £108.661) and
restricted funds of £244,844 (2023 - £244.844).
During the year £48,849 of receivable grant income was released from deferred income, which relates
to the capital expenditure of Ihe construction of the swimming pool. The deferred income is being
released through the income and expenditure account over the useful life of the assets.
Reservo8 Pollcy
The Trust held £36,000 in the rnain bank account at 31 March 2024. This balance is used to meet tha
Trust's anticipated future commitments and ongoing revenue expenses. In addition. £76,000 was held
in a deposit account at 31 March 2024. A working party of trustees reviewed the Trust's policy on
reserves and reported these to the board for consideration. It was resolved to retain £50.000 toward
operations if the Trust should take over the running of the pool. There would be a balance of £26.000
to use on projects that promola the use of the Pool. Including wider use of the pool by locals including
youngsters under the 'Dippers' initialive, social prescribing and additional deep cleaning,
Plans for future perlods
The Trust welcomes Dartmouth Swithming Club which using the pool regularly for both youngsters
and adults. It is run by a trustee so a declaration of a potential conflict of interest has been minuted.
Th8 initiatives outllned in th8 reserves pollcy are being fleshed out and continue to be developed as
they are implemented. The trustees continue to actively work with Fusion on existing and new
contractual arrangements especially our contracts manager and the chaimian. This would mean
Fusion provide personnel to assist the Trust in their rnanagament and operation of the pool, collect
revenues and pay costs on behalf of the Trust. The Trust would then meet regularly to discuss reports
provided by its agent and are reviewed by the trustee pool manager. Every quarter the agent submits
an account of rts performance, its. management fee and the revenues generated by the pool.
Settlement is then agreed and made behveen the parties.

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directors, Report) (contlnu•dJ
Year ended 31 March 2024
Trustees, responslbllltles statement
The trusiees. who are also directors for the purposes of company law, are rasponsible for preparing
the trustees. report and the financial stalements in accordance with applicable law and United
Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period.
In preparlng these financial statemenls. the trustees are required to:
seleet suitable accounting policles and then apply them consistently-
observe the methods and prlnclples in the applicable Charill8s SORP;
make judgments and accounting estimates that are reasonable and prudent:
prepare the financial statements on the going concern basis unless It Is Inappropriate to presume
that the charity will conlinue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient lo show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and efjable them to ensure that the fina'ncial statefiients comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charily and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities and for th8
maintenance arKI integrlty of the corporate and financial information on the company's w8bslte.
Small company provlslons
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on .
trustees by..
and signed on behalf of the l)oard of
Cralg Davldson
Trustee

Dartmouth and District Indoor Pool Trust
Company Llmited by Guarantee
Independent Examinerfs Report to the Trustees of Dartmouth and District
Indoor Pool Trust (contlnuedj
Year ended 31 March 2024
I report to the trustees on rny examination of the financial statements of Dartmouth and Dlstrict Indoor
Pool Trust ('the charity,) for the year ended 31 March 2024.
Responslbllltles and basls of report
As the 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 thai the accL)unts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's accounts 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 201.1 Act,
Independent examlner's 8tatem8nt
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe:
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act; or
the financial statemenls do not accord with those records; or
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 fairf view which
is not a matter consldered as part of an independent examination: or
the financial staternents have not been prepared in accordance wilh the methods and
principles of the Statement of Recommended Practice for accounllng and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Star￿ard applicable in the UK and Republic of Ireland (FRS 102).
I have no concems and have come a¢ross no other matters in connection wlth the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
S R Smlth jFCAj
Westcotts Chartered Accountants
Independent Examlner
Petitor House
Nlcholson Road
Torquay
Devon
TQ2 7TD

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Notè
Income and endowments
Donations and legacies
Other trading activities
Investment income
232
92,192
801
48.849
49,081
92,192
801
49.389
78.935
142
Total income
93,225
48,849
142,074
128,466
Expondltur•
Expenditure on raising funds..
Costs of other trading activities
Expenditure on charitable activities
Total expendlture
79,329
5,485
48.849
128,178
5.485
113,592
7.441
84,814
48,849
133,663
121,033
Net Incom• and net movement In funds
8,411
8,411
7,433
Reconclllatlon of funds
Total fuDds.brought forward
Total funds carrled forward
108.661
244,844
353,505
361,916
346,072
117,072
244,844
353,505
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Tho notes on pages 9 to 17 fomi part of th•89 flnanclal statement&

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Statement of Financial Position [￿ntInU¢d)
31 March 2024
2024
2023
Note
Flxed assets
Tangible fixed assets
16
2,050,931
2.099.780
Current assets
Debtors
Cash at bank and in hand
17
15,881
111.774
16,997
102.377
127.655
119.374
Creditors: amounts falllng due wlthln one year
Net Current a88et8
18
10,583
10,713
117,072
108,661
Total assets less current Ilabllltles
2,168,003
2.208,441
Credltors: amounts falllng due after more than
one year
19
1,806,087
361,916
1,854,936
Net assets
353,505
Funds of the charlty
Restricted funds
Unrestricted funds
244,844
117,072
361,916
244,844
108,661
Total Charlty funds
21
353,505
For the year ending 31 March 2024 the charity was entitled to exemptlon 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 thair responsibllities for complylng with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These flnancial statements have been p￿Pared in accordance with the provisions applicable to
companies subject to the small companies. regime.
These financia'l statements were Bpproved by the board of trustees and authorlsed for issue on
. and are signed on behalf of the board by:
Cralg Oavldson
Trustee
The noto8 on pages 9 to 17 fomi part of these flnanclal statements.

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
Genèral inforniatlon
The charity is a public benefit entity, and 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 Dartmouth Leisu￿ Centre, Wessex Way. Dartrnouth. Devon, TQ6 OJL.
Statement of compliance
These financial statements 'have been prepared in (x)mpliance with FRS 102, Th8 Financial
Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)> and the Companies Act 2006.
Accountlng pollcles
Ba818 of preparatlon
The financial statements have been prepared on the historical cost basis.
Golng concern
There are no Material uncertainties about the charity's ability to continue, as there are sufficient
reseNes available should the need arise for the Trust to operate the pool themselves.
Dlsclosure exemptlons
Th8 entity salisfies the criterla of being a qualifying entity as defined in FRS 102. As such,
advantage has been taken of. the followlng dlsclosure exemptions available under paragraph
1.12 of FRS 102: No cash flow statement has been presented for the company.
Judgem•nt8 and key 8ourc08 of •stlmallon uncertalnty
The preparation of the financial statements requires management to make judgements.
estimates and assumptions that affect the amounts reported. These esiimates and judgements
are continually reviewed and are,based on experlence and other factors, including expectations
of future events that are believe¢ to be reasonable under the circumstances. Accounting
estimates and assumptions are made concerning the future and, by their nature, will rarely equal
the related actual outcome.
Cash and cash equlvalents
Cash is represented by cash In hand and deposits with financial instilulions repayable without
penalty on.notice of more than 24 hours. Cash equivalents are highly liquld investments that
mature in no more than three months from the dat6 of acquisition and that are readily convertible
to known arnounts of cash wtth insignificant risk of change in value.
Fund accountlng
Unrestricted funds are. availa￿0 for use at the discretion of the trustees in furtherance of the
purposes of the charity.

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accountlng pollcles (contlnued)
Incoming resources
Income
All income is included in the statement of financial activities when the charity is entrtled to the
income. any performance related conditions attached have been met or are fully within the
control of the charity, the income is considered probable, and the amount can be quantified with
reasonable accuracy. The following specific policies are applied to particular categories of
income:
Donations and legacy income Is received by way of donations, legacies. grants and glfts and is
included in full in the Statement of Financial Aclivities when receivable.
Where legacies have been notified to the charity but the criteria for income recognition have not
been met, the legacy is treated as a contingent asset and disclosed if malerial.
Where a grant (including government grants) does not impose specrfied future performance-
related conditions on Ihe recipient, it is recognised in income when the grant proceeds are
received or receivable. Where the grant does impose specified future performance-related
conditions, It is recognised in incom8 only when the p8rformance-relaled condltions have been
fflet. Where grants received are prior to satisfying the revenue recognition criteria, they are
recognised as a liability.
Trading income is comprised of Income from the swimming pool and from fundraising. and is
stated after discounts, sales tax and net of VAT.
Investment income is included when receivable.
Resources exp•nded
Expendlture
Expenditure is recognised on an accruals basss as a liability is incurred. Expendlture includes any
VAT which cannot be fully recovered, and Is reported as part of the expenditure to which it
relates..
Costs of raising funds Gompris8 the costs associated with attracting donations, grants and
legacies and the costs of trading for fundraising purposes.
.Charitable expenditure comprises .those costs incurred by the charity in the delivery of its
activrties and seNices 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 Ihem.
Other expenditure includes all expenditure that is neither related to raising funds for the charity
nor part of its expenditure on charitable activities.
All costs'are allocated between. the expenditure categories of the SOFA on a basis designed to
reflect the use of the resource.
10-

Dartmouth and Distrlct Indoor Pool Trust
Company Limited by Guarantee
Notes to the Flnanclal Statements (contlnu•dJ
Year ended 31 March 2024
Accountlng pollcles (continueaT)
Tanglble assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated irnpairment losses.
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 Ihal asset as follows:
Freehold property
Fixtures. fittings and
equipment
20/0 Straight line
150/0 reducing balance
Impalrment ol Ilxed assets
A review for indicalors of impairment is carried out at each reporting date. with the recoverable
amount being estimated whére such indicators exist. Where the carying value exceeds the
recoverable amount. the assei is impaired accordlngly. Prior impairmenls are also reviewed for
possible rev.ersal at each reporting dale.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provlslons 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 slmllar 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,
Llmlted by guarant•o
The company is limited by guarantee and accordingly does not have share capital.
Every member of the company undertakes to contribute such amount as may be required not
exceeding £10 to the assets of the charitable company in the event of ils being wound up while
he ot she is a member, or within one year after he or she ceases to be a member.
11

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnued)
Year ended 31 March 2024
Donatlons and legaciès
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donatlons
Donations
232
232
Grants
Grants receivable released
48.849
48.849
232
48.849
49,081
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donatlons
Donations
176
176
Grants
Grants receivable released
49.213
49.213
176
49.213
49,389
Other tradlng actlvltle8
Unrestricled Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Fundraising events
Swimming pool income
1,080
91,112
1,080
91,112
92,192
1.389
77.546
1,389
77,546
78,935
92.192
78,935
Investment Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
801
801
142
142
Cost6 of other tradlng advitles
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Swimmlng pool
79,329
48,849
128,178
Unrestricted
Funds
Restricted Totsl Funds
Funds
2023
Swimming pool
64,379
49.213
113,592
12-

Dartmouth and District Indoor Pool Trust
Company Limited'by Guarantee
Notes to the Financial Statements (contlnu•d)
Year ended 31 March 2024
Expendlture on charltable actlvltles by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Charitable activity
Support costs
123
5.362
123
5,362
5,485
1,800
5,641
7,441
1.800
5,641
5,485
7,441
10. Analysls ol support costs
Support
costs Total 2024 Total 2023
Independent examinerfs fees
Professional fees
Trustees. insurance
Trustees, meetings
4,220
650
470
22
4,220
650
470
22
4.600
650
377
14
5,362
5,362
5,641
11. Analys18 of grants
2024
2023
Grants to Institutlons
Dartmouth Swimming Club
Tolal grants
123
1,800
123
1,800
12. Net Income
Net Income is stated after chargingl(crediting):
2024
2023
Depreciaiion of tangible tIx8d assets
48,849
49,213
13. Independent examinatlon fees
2024
2023
Fees payable to the independent examiner for..
Independent examination of the financial statements
Other financial services
2,110
2,110
2.300
2,300
4.600
4,220
-13-

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed a8 follows:
2024
2023
Wages and salaries
4.000
4,000
The average head count of employees during the year was 1 (2023.. 1). The average number of
full-time equivalent employees during the.year is anaSysed as follows:
2024
No.
2023
No,
Management
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
Volunteers
Twice a year the Trust organises fetes to generate fundraising Income, with the help of
approximately Iwenty volunteers. Also, the gardens surrounding the pool are well maintained by
six volunteers (including two trustees).
1 S. Trustee remuneratlon and expenses
One trustee has been paid remunération from employment with the charity as follows; Mr M J
Cusack.receiv8d £4.000 {2023 .' £4,000) during the year as a managerfs salary. This Is based on
an annual basic salary of £2,000 and additional p8rformance related pay, which is capped al
£2,000. This was approved by the chair and senior trustees.
There were no trustees, expenses or reimbursements during the year.
16. Tanglble flxod assets
Land and Fixtures and
buildings
fittings
Total
Cost
At 1 Aprll 2023 and 31 March 2024
Depreclatlon
At 1 April 2023
Charge for the year
At 31 March 2024
2,398.062
16,312
2,414,374
303,945
48,000
10,649
314,594
48.849
351,945
11.498
363,443
Carrylng amount
At 31 March 2024
2,046,117
2,094.117
4,814
2,050,931
At 31 March 2023
5,663
2,099,780
14.

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
17. Debtors
2024
2023
Trade debtors
Prepaymenl8 and accrued income
Other debtors
9.333
2,151
4,397
9,333
1,990
5,674
15,881
16,997
18. Creditors: amounts falling due wlthln one year
2024
2023
Trade creditors
Accruals and deferred Incorne .
4,580
6,003
10,583
4,580
6,133
10,713
19. Credltorn: amounls falllng due after more than one yoar
2024
2023
Accruals and deferred Income
1.806.087
1,854,936
20. Deferred InGom•
2024
2023
At 1 April 2023
Amount released to income
1,854,936
(48,849)
1,806,087
1,904,149
(49.213)
1,854,936
At 31 March 2024
The deferred income relates to the local councll grants, which funded the construction of the
swimming pool and associated equipment. In accordance with accounting standards this income
has been deferred and then il will be released over the useful life of the assets.
15-

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Notes to the Financial Statements (Gontinued)
Year ended 31 March 2024
21. Analysis of charitable funds
Unrestrlct•d funds
At
31 March 20
24
At
1 April 2023
Income Expenditure
General funds
108.661
93.225
(84,814)
117,072
At
31 March 20
23
At
1 April 2022
Income Expenditure
General funds
101,228
79,253
(71,820)
108,661
Of the unrestricted funds £36.000 are to meet the Trust's anticipated future commitments and
ongolng revenue expenses. £50,000 toward operations if the Trust should take over the runnlng
of the pool and the remainder to use on projects Ihat promote the use of the pool. including wider
use of the pool by locals and additional deep cleaning.
Restrlcted funds
At
31 March 20
At
1 April 2023
Income Expenditure
Restricted Fund
244,844
48,849
(48,849)
244,844
At
31 March 20
23
At
1 April 2022
Incorne Expenditure
Restricted Fund
244,844
49.213
(49.213)
244,844
The restricted funds relate to the grants received for the construction of the swimming pool and
the associated equipment and the deferred income, whlch Is released over the estimated useful
life of the assets.
-16-

Dartmouth and District'lndoor Pool Trust
Company Llmited by Guarantee
Notes to the Financial Statements {¢onllnuedJ
Year ended 31 March 2024
22. Analysls of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
2,050.931
2,OSO,931
127,655
{10.583)
(1,806,087} 11,806,087)
244,844
361,916
127.655
(10,583)
117.072
Unrèstricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
2,099.780
2,099,780
119,374
(10,713)
(1.854,936) {1.854,936)
244,844
353,505
119.374
(10,7131
108,661
23. Relatod partles
Fusion Lifestyle is a registered charity, which operates the pool on behalf of the Trust as their on-
site agent. Providing personnel to assist the Trust in their managemenl and operation of the pool
and collecl ravenues and pay costs on behalf of the Trust. The Trust meets regularfy to discuss
reports provided by Ihe agent and reviewed by the trustee pool manager. Every quarter the agent
submits an account of its performance, its management fee, and the revenues generaied by the
pool. Under an agreement, the agent pays the Trust £7,000 per quarter to cover VAT liabilities
and any other day-to-day costs,
within Fusion lifestyle Group's latest audited financial statements for tha year ended 31
December 2022, the auditor has again reported on a material uncertainty relating to going
concern, over the refinancing of a loan. A loan facility was granted an 18-month extension to May
2025. thls does not affect the Trust's going concem In these financial statements.
The pool manager who is also a trustee received £4.000 (2023 . £4,000) during the year.
17-

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Management Information
Year ended 31 March 2024
The followlng pages do not form part of the flnanclal statements.
18-

Dartmouth and District Indoor Pool Trust
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2024
2024
2023
Income and endowments
Donatlons and legacles
Donations
Grants receivable released
232
48,849
49,081
176
49,213
49,389
Tradlng actlvltles
Fundraising events
Swimming pool income
1.080
91,112
92,192
1,389
77,546
78.935
Investment Income
Bank interest receivable,
801
142
Total Income
142,074
128,466
Costs of tradlng actlvltles
Swlmmlng pool
Wages
Maintenance
Insurances
Depreciation
Managemenl fees
Mural costs
Bank charges
Costs of tradlng actlvltles
4,000
100
5,606
48,849
67,229
2,300
4.000
399
5.136
49.213
$4,746
98
128.178
113,592
Grant fundlng actlvltles
Grant to Dartmouth Swimming Club
123
1.800
Govemance Costs
Independent examiners fees
Professional fees
Trustees, insurance
Trustees. meeting5
4,220
650
470
22
4.600
650
377
14
5,362
5,641
Expendlture on charltablo actlvltlè8 '
5,485
7.441
Total expendlture
133,663
121,033
Net Incorne
8,411
7,433
19-