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2022-10-31-accounts

Friends of Bude Sea Pool Company number: 07630060 Charity registration number: 1143156 Trustees annual report for the year ended 31 October 2022

Principal address:

The old toilets Summerleaze Car Park Bude Cornwall EX23 8HJ

Trustees:

Paul Tilzey – Chair Martyn Holehouse – Deputy Chair Sarah Moore – Treasurer Stella James – appointed March 2023 Chris Cannon – appointed May 2023

Mark Matthews resigned as a trustee in May 2023.

Primary bankers:

Co-operative Bank

Structure, governance and management

The charity is constituted as a company limited by guarantee and is governed by its memorandum and articles of association. Trustees are appointed at annual general meetings of the company and are also appointed as directors. The company is run by a committee of no more than 10 people and this committee is overseen by the trustees.

Objectives and activities

The charity’s core objective is:

to preserve, enhance and promote the historic resource of the sea pool at Summerleaze Beach, Bude, Cornwall as an amenity for the benefit, health and enjoyment of the community and visitors to the town.

In practice, this means that we manage, maintain and, where possible, improve the Bude Sea Pool. Since we took over responsibility for the pool from Cornwall County Council in 2011 on a 99-year lease, we have worked to ensure that the pool provides a safe, open access and free of charge environment for swimming and related activities for use by residents and visitors.

Achievements during the year

The charity continues to undertake its annual maintenance programme on the pool to dredge the pool and carry out any repairs and maintenance

required. The charity also provides rental of beach huts at the pool and these are subject to regular maintenance.

The charity has a very strong team of volunteers, who carry out maintenance at the pool, particularly during the winter season where the impact of stormy weather can be significant. Volunteers also support our fundraising efforts by manning stalls at community events to sell merchandise and promote sale of subscriptions. Merchandise, subscriptions, donations and local business sponsorships are our key methods of fundraising.

We also have a strong staff team, managing the charity’s office and all associated activities, managing pool activities, merchandise and volunteers.

We continue to be a key part of the Bude community, working with local businesses to promote events and bring visitors to the Bude area.

Financial review

The accounts for the year ended 31 October 2022 report total assets of £324,776. Profit for the year was £121,598 and this included a legacy of £109,000. Total costs were £141,983 compared with £74,631 for the previous year. A large proportion of the increase relates to staff costs, where the charity has found it necessary to increase its staff team and staff hours worked in order to meet the demands placed on the charity by the current business environment. The charity’s merchandise sales increased however year on year, from £82,241 to £101,343 and therefore the increased costs include a higher cost of sales than in the previous year.

Future plans

The trustees are in the process of reviewing and updating, where necessary, the memorandum and articles of association. In addition, a review of the charity’s strategic plan is due to commence shortly, which will cover the period November 2023 to October 2026.

The trustees have committed that the pool will remain open to the public free of charge for the foreseeable future.

Sarah Moore Treasurer On behalf of the trustees

Company Number: 07630060 Charity Number: 1143156

Friends of Bude Sea Pool

Accounts

31 October 2022

Independent Examiner's report on the accounts

Report to the trustees
/ directors / members of Friends of Bude Sea Pool
On accounts for the year
ended 31 October 2022
Charity No 1143156 Company No 7630060
Set out on pages 5
to
9
I report to the charity trustees on my examination of the accounts of the company for
the period ended 31st October 2022.
Responsibilities As the charity’s trustees of the Company (who are also the directors of the company
and basis of report for the purposes of company law), you are responsible for the preparation of the
accounts in accordance with the requirements of the Companies Act 2006 (“the
2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be
audited for this year under Part 16 of the 2006 Act and are eligible for independent
examination, I report in respect of my examination of your charity’s accounts 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
I have completed my examination. I confirm that no material matters have come to
my attention which gives me cause to believe that::-
• accounting records were not kept in accordance with section 386 of the Companies
Act 2006; or
• the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section
396 of the Companies Act 2006 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
•the accounts have not been prepared in accordance with the Charities SORP
(FRS102)
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.

----- Start of picture text -----
Signed Date
----- End of picture text -----

Signed Date
Name Philip Sanderson
Address Philip Sanderson Accountants Ltd
Chartered Tax Advisers
38 Lansdown Rd
Bude EX23 8BN

1

Friends of Bude Sea Pool Company number: 7630060 Charity Registration Number: 1143156 Trustees Annual Report for the year ended 31 October 2022

Principal Address

The Old Toilets Summerleaze Car Park Bude EX23 8HJ

Trustees:

Paul Tilzey Mark Matthews Martyn Holehouse Sarah Moore

Bankers

Cambridge & Counties Bank, Charnwood Court, New Walk, Leicester, LE1 6TE. Barclays Bank, Leicester, Leicestershire, LE87 2BB.

CAF Bank Ltd. 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Co-operative Bank plc, PO Box 250, Skelmersdale, WN8 6WT

Structure Governance and Management

The charity is constituted as a Company Limited by Guarantee and governed by the memorandum and articles of association. Trustees are appointed at General Meetings of the Company. The running of the company is by a committee of no more than 10 people elected at General Meetings of the Company. The Trustees oversee this committee.

Objectives and Activities:

The company's principal activity is the maintaining of the historical sea pool on Summerleaze Beach, Bude. In practice this means that we manage, maintain and, where possible improve Bude Sea Pool (BSP). Since we took over responsibility for the pool in 2011 on a 99-year lease from Cornwall County Council our Trustees, Committee members, paid employees, volunteers, and sponsors have worked together to ensure that BSP provides a safe, open access, free of charge environment for swimming and related activities for the use of local residents and visitors alike. In 2011 the company took over the responsibility of the pool from Cornwall Council and contracted for significant improvement work to be undertaken.

2

Achievements and Performance

We have delivered tangible and enduring improvements to the pool and its associated amenities while ensuring that regular essential maintenance is completed to a yearly schedule. This has entailed us conducting an energetic and imaginative fund-raising operation, backed by a successful campaign to raise awareness of BSP's importance to Bude and the BSP's visibility at both local and national levels. BSP is an asset to the town and contributes to pulling in revenue to local businesses. Pool use, and recognition of the BSP's importance to the leisure economy of Bude that is generated through social media feedback, has increased year on year. BSP is frequently a top-rated visitor attraction on TripAdvisor. We are well-regarded and respected in the local area – we continue to receive the support of many local businesses, and in addition to the many businesses which have been long term supporters in the past year we have received support from:-

Aspects Holidays, Stay in Cornwall, Finns Solicitors, Falcon Hotel, Bude Golf Club, Campsites co uk, Country Interiors, Edgcumbe Hotel, Elite West Holidays, HBH Woolacotts, Red Post Joinery, Trewin Design, Jo Downs Launceston, Penhalt Farm, Spencer Thorn, Tamar Vets, Wooda Farm, Lifes a Beach, Wroes.

We have also responded positively to the changes in the environment in which we operate, both regulatory, financial and more broadly as Bude develops as a year-round holiday destination, and, just as importantly, we have always looked ahead and sought to be proactive in developing BSP in ways that will secure its long-term future as an amenity for the local community and visitors alike, whilst retaining its natural and open aspects

Financial Review:

As at 31st October 2022 the charity had reserves of £327,973 (period to October 2021: £203,178). The charities income has increased by £155,227 to £328,042 (period to October 2021: £172,815). Expenditure has increased by £106,038 to £206,444 (period to October 2021: £100,406).

No charge is made for the use of the pool. It is free to use all year round. Our main income year on year is derived from membership fees with further income, particularly over the summer holiday months, coming from the sale of BSP merchandise, beach hut and deck chair hire, visitor donations and most recently, a Visitor Giving scheme. We are fortunate to have ongoing sponsorship from a range of local and national businesses. Their regular support makes a substantial contribution to costly recurring pool maintenance tasks and provides additional advertising for Bude and the pool. In addition, and where our plans and projects require substantial capital funding, we have made successful bids for grants. The past year has seen a substantial rise in the sale of merchandise, as a result of both locals and visitors supporting the charity by spending in the shop.

3

In the year ended 31 October 2022 our total income of £328,042 was made up as follows:

----- Start of picture text -----
Beach Huts Hire £18,542 5.65%
Collection Tins £9,011 2.75%
Corporate Membership £15,829 4.83%
Donations £16,537 5.04%
Fundraising £10,155 3.10%
Gift Aid £11,617 3.54%
Grants £5,200 1.59%
Legacies £108,088 32.95%
Interest receivable £947 0.29%
Membership £30,773 9.38%
Merchandise £101,343 30.88%
Storage
£328,042 100.00%
----- End of picture text -----

Future Plans:

Our website is being updated to be more accessible and informative. We continue to research new products to sell in the shop, ensuring that they fit with our objectives of being manufactured sustainably and locally where possible. We also plan fundraising events to support BSP but also ensure that we contribute to and remain part of the Bude community.

The trustees have updated the strategic plan for the sea pool and it covers 1 April 2020 to 31 March 2025. The plan is published on the sea pool website. The plan includes the work and development for the plan period and looks forward to the 100th anniversary in 2030 of the construction and opening of the sea pool. The plan remains for the sea pool to remain open to the public free of charge for the foreseeable future.

4

Friends of Bude Sea Pool Registered number: 07630060 Balance Sheet as at 31 October 2022

Current assets
Prepayments and accrued income
Creditors: amounts falling due within one
year
Net current assets
Total assets less current liabilities
Accruals and deferred income
Net assets
Capital and reserves
Average number of employees
2022
£
463,784
3,036
466,820
(7,044)
459,776
459,776
(135,000)
324,776
324,776
Number
8
2021
£
340,057
2,873
342,930
(4,752)
338,178
338,178
(135,000)
203,178
203,178
Number
8

The company is a private company limited by guarantee and incorporated in England. Its registered office is The Old Toilets, Summerleaze Car Park. Bude. EX23 8HJ.

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Paul Tilzey Director Approved by the board on 27 February 2023

5

Friends of Bude Sea Pool Profit and Loss Account for the year ended 31 October 2022

Turnover
Other income
Cost of raw materials and consumables
Gross profit
Staff costs
Other charges
Profit before taxation
Profit
2022
£
327,094
947
(64,460)
263,581
(94,531)
(47,452)
121,598
121,598
2021
£
163,792
9,023
(25,775)
147,040
(49,363)
(25,268)
72,409
72,409

6

Friends of Bude Sea Pool Detailed profit and loss account items for the year ended 31 October 2022

This schedule does not form part of the statutory accounts

Sales
Sales
Other income
Covid Grants
Interest receivable
Cost of raw materials and consumables
Purchases
Staff costs
Wages and salaries
Staff training and welfare
Travel and subsistence
Other charges
Premises costs:
Rent
Rates
Light and heat
General administrative expenses:
Telephone and fax
Stationery and printing
Bank charges
Insurance
Equipment expensed
Equipment hire
Software
Repairs and maintenance
Sundry expenses
Legal and professional costs:
Accountancy fees
Advertising and PR
Other legal and professional
2022
£
327,094
-
947
947
64,460
92,880
421
1,230
94,531
1,000
68
1,357
2,425
400
5,173
2,422
4,288
5,835
272
2,481
17,000
610
38,481
1,288
4,523
735
6,546
47,452
2021
£
163,792
8,000
1,023
9,023
25,775
48,721
217
425
49,363
644
-
620
1,264
258
3,424
880
1,437
1,717
-
1,577
12,459
500
22,252
660
1,092
-
1,752
25,268

7

Friends of Bude Sea Pool Detailed balance sheet items as at 31 October 2022

This schedule does not form part of the statutory accounts and should NOT be sent to HMRC

Current assets
Stocks
Trade debtors
Cash at bank and in hand
Prepayments and accrued income
Prepayments
Creditors: amounts falling due within one year
Trade creditors
Other taxes and social security costs
Accruals and deferred income
Accruals
Capital and reserves
Profit and loss account
Profit and loss account
Brought forward
Profit
2022
£
30,853
821
432,110
463,784
3,036
3,614
3,430
7,044
135,000
324,776
203,178
121,598
324,776
2021
£
24,304
895
314,858
340,057
2,873
148
4,604
4,752
135,000
203,178
130,769
72,409
203,178

8

Friends of Bude Seapool Income and Expenditure by fund For the period ended 31 October 2022

Unrestricted
Designated
Restricted
£
£
£
Income
Beach Huts Hire
18,542
-
-
Collection Tins
9,011
-
-
Corporate Membership
15,829
-
-
Donations
16,537
-
-
Fundraising
10,155
-
-
Gift Aid
11,617
-
-
Grants
5,200
-
-
Legacies
108,088
-
-
Covid Grants
-
-
-
Interest receivable
947
-
-
Membership
30,773
-
-
Merchandise
101,343
-
-
Storage
-
-
-
328,042
-
-
Expenditure
Accountancy
1,288
-
-
Administration expenses
8,078
-
-
Advertising and PR
4,523
-
-
Professional Fees
735
-
-
Bank charges and interest
2,422
-
-
Insurance
4,288
-
-
Office premises
4,324
-
-
Promotional goods
64,460
-
-
Repairs and maintenance
22,835
-
-
Sundry
611
-
-
Wages and salaries
92,880
-
-
206,444
-
-
Movement in Funds for the year
121,598
-
-
Funds brought forward
203,178
-
Funds carried forward (see below)
324,776
-
-
Funds carried forward
General
302,867
-
-
Play Equipment
1,909
-
Beach Hut Replacement
20,000
-
324,776
-
-
Future Expenditure committed to
Summer Season Running Costs
35,000
-
-
Structural Repairs
100,000
-
-
135,000
-
-
Year to
31st
October
2022
£
18,542
9,011
15,829
16,537
10,155
11,617
5,200
108,088
-
947
30,773
101,343
-
328,042
1,288
8,078
4,523
735
2,422
4,288
4,324
64,460
22,835
611
92,880
206,444
121,598
203,178
324,776
302,867
1,909
20,000
324,776
35,000
100,000
135,000
Year to
31st
October
2021
£
18,248
6,607
9,937
11,081
5,445
6,589
5,000
-
8,000
1,023
17,834
82,241
810
172,815
660
4,298
1,092
880
1,437
2,868
25,775
14,176
499
48,721
100,406
72,409
130,769
203,178
181,269
1,909
20,000
203,178
35,000
100,000
135,000

9

Company Number: 07630060 Charity Number: 1143156

Friends of Bude Sea Pool

Accounts

31 October 2022

Independent Examiner's report on the accounts

Report to the trustees
/ directors / members of Friends of Bude Sea Pool
On accounts for the year
ended 31 October 2022
Charity No 1143156 Company No 7630060
Set out on pages 5
to
9
I report to the charity trustees on my examination of the accounts of the company for
the period ended 31st October 2022.
Responsibilities As the charity’s trustees of the Company (who are also the directors of the company
and basis of report for the purposes of company law), you are responsible for the preparation of the
accounts in accordance with the requirements of the Companies Act 2006 (“the
2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be
audited for this year under Part 16 of the 2006 Act and are eligible for independent
examination, I report in respect of my examination of your charity’s accounts 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
I have completed my examination. I confirm that no material matters have come to
my attention which gives me cause to believe that::-
• accounting records were not kept in accordance with section 386 of the Companies
Act 2006; or
• the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section
396 of the Companies Act 2006 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
•the accounts have not been prepared in accordance with the Charities SORP
(FRS102)
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.

----- Start of picture text -----
Signed Date
----- End of picture text -----

Signed Date
Name Philip Sanderson
Address Philip Sanderson Accountants Ltd
Chartered Tax Advisers
38 Lansdown Rd
Bude EX23 8BN

1

Friends of Bude Sea Pool Company number: 7630060 Charity Registration Number: 1143156 Trustees Annual Report for the year ended 31 October 2022

Principal Address

The Old Toilets Summerleaze Car Park Bude EX23 8HJ

Trustees:

Paul Tilzey Mark Matthews Martyn Holehouse Sarah Moore

Bankers

Cambridge & Counties Bank, Charnwood Court, New Walk, Leicester, LE1 6TE. Barclays Bank, Leicester, Leicestershire, LE87 2BB.

CAF Bank Ltd. 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Co-operative Bank plc, PO Box 250, Skelmersdale, WN8 6WT

Structure Governance and Management

The charity is constituted as a Company Limited by Guarantee and governed by the memorandum and articles of association. Trustees are appointed at General Meetings of the Company. The running of the company is by a committee of no more than 10 people elected at General Meetings of the Company. The Trustees oversee this committee.

Objectives and Activities:

The company's principal activity is the maintaining of the historical sea pool on Summerleaze Beach, Bude. In practice this means that we manage, maintain and, where possible improve Bude Sea Pool (BSP). Since we took over responsibility for the pool in 2011 on a 99-year lease from Cornwall County Council our Trustees, Committee members, paid employees, volunteers, and sponsors have worked together to ensure that BSP provides a safe, open access, free of charge environment for swimming and related activities for the use of local residents and visitors alike. In 2011 the company took over the responsibility of the pool from Cornwall Council and contracted for significant improvement work to be undertaken.

2

Achievements and Performance

We have delivered tangible and enduring improvements to the pool and its associated amenities while ensuring that regular essential maintenance is completed to a yearly schedule. This has entailed us conducting an energetic and imaginative fund-raising operation, backed by a successful campaign to raise awareness of BSP's importance to Bude and the BSP's visibility at both local and national levels. BSP is an asset to the town and contributes to pulling in revenue to local businesses. Pool use, and recognition of the BSP's importance to the leisure economy of Bude that is generated through social media feedback, has increased year on year. BSP is frequently a top-rated visitor attraction on TripAdvisor. We are well-regarded and respected in the local area – we continue to receive the support of many local businesses, and in addition to the many businesses which have been long term supporters in the past year we have received support from:-

Aspects Holidays, Stay in Cornwall, Finns Solicitors, Falcon Hotel, Bude Golf Club, Campsites co uk, Country Interiors, Edgcumbe Hotel, Elite West Holidays, HBH Woolacotts, Red Post Joinery, Trewin Design, Jo Downs Launceston, Penhalt Farm, Spencer Thorn, Tamar Vets, Wooda Farm, Lifes a Beach, Wroes.

We have also responded positively to the changes in the environment in which we operate, both regulatory, financial and more broadly as Bude develops as a year-round holiday destination, and, just as importantly, we have always looked ahead and sought to be proactive in developing BSP in ways that will secure its long-term future as an amenity for the local community and visitors alike, whilst retaining its natural and open aspects

Financial Review:

As at 31st October 2022 the charity had reserves of £327,973 (period to October 2021: £203,178). The charities income has increased by £155,227 to £328,042 (period to October 2021: £172,815). Expenditure has increased by £106,038 to £206,444 (period to October 2021: £100,406).

No charge is made for the use of the pool. It is free to use all year round. Our main income year on year is derived from membership fees with further income, particularly over the summer holiday months, coming from the sale of BSP merchandise, beach hut and deck chair hire, visitor donations and most recently, a Visitor Giving scheme. We are fortunate to have ongoing sponsorship from a range of local and national businesses. Their regular support makes a substantial contribution to costly recurring pool maintenance tasks and provides additional advertising for Bude and the pool. In addition, and where our plans and projects require substantial capital funding, we have made successful bids for grants. The past year has seen a substantial rise in the sale of merchandise, as a result of both locals and visitors supporting the charity by spending in the shop.

3

In the year ended 31 October 2022 our total income of £328,042 was made up as follows:

----- Start of picture text -----
Beach Huts Hire £18,542 5.65%
Collection Tins £9,011 2.75%
Corporate Membership £15,829 4.83%
Donations £16,537 5.04%
Fundraising £10,155 3.10%
Gift Aid £11,617 3.54%
Grants £5,200 1.59%
Legacies £108,088 32.95%
Interest receivable £947 0.29%
Membership £30,773 9.38%
Merchandise £101,343 30.88%
Storage
£328,042 100.00%
----- End of picture text -----

Future Plans:

Our website is being updated to be more accessible and informative. We continue to research new products to sell in the shop, ensuring that they fit with our objectives of being manufactured sustainably and locally where possible. We also plan fundraising events to support BSP but also ensure that we contribute to and remain part of the Bude community.

The trustees have updated the strategic plan for the sea pool and it covers 1 April 2020 to 31 March 2025. The plan is published on the sea pool website. The plan includes the work and development for the plan period and looks forward to the 100th anniversary in 2030 of the construction and opening of the sea pool. The plan remains for the sea pool to remain open to the public free of charge for the foreseeable future.

4

Friends of Bude Sea Pool Registered number: 07630060 Balance Sheet as at 31 October 2022

Current assets
Prepayments and accrued income
Creditors: amounts falling due within one
year
Net current assets
Total assets less current liabilities
Accruals and deferred income
Net assets
Capital and reserves
Average number of employees
2022
£
463,784
3,036
466,820
(7,044)
459,776
459,776
(135,000)
324,776
324,776
Number
8
2021
£
340,057
2,873
342,930
(4,752)
338,178
338,178
(135,000)
203,178
203,178
Number
8

The company is a private company limited by guarantee and incorporated in England. Its registered office is The Old Toilets, Summerleaze Car Park. Bude. EX23 8HJ.

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Paul Tilzey Director Approved by the board on 27 February 2023

5

Friends of Bude Sea Pool Profit and Loss Account for the year ended 31 October 2022

Turnover
Other income
Cost of raw materials and consumables
Gross profit
Staff costs
Other charges
Profit before taxation
Profit
2022
£
327,094
947
(64,460)
263,581
(94,531)
(47,452)
121,598
121,598
2021
£
163,792
9,023
(25,775)
147,040
(49,363)
(25,268)
72,409
72,409

6

Friends of Bude Sea Pool Detailed profit and loss account items for the year ended 31 October 2022

This schedule does not form part of the statutory accounts

Sales
Sales
Other income
Covid Grants
Interest receivable
Cost of raw materials and consumables
Purchases
Staff costs
Wages and salaries
Staff training and welfare
Travel and subsistence
Other charges
Premises costs:
Rent
Rates
Light and heat
General administrative expenses:
Telephone and fax
Stationery and printing
Bank charges
Insurance
Equipment expensed
Equipment hire
Software
Repairs and maintenance
Sundry expenses
Legal and professional costs:
Accountancy fees
Advertising and PR
Other legal and professional
2022
£
327,094
-
947
947
64,460
92,880
421
1,230
94,531
1,000
68
1,357
2,425
400
5,173
2,422
4,288
5,835
272
2,481
17,000
610
38,481
1,288
4,523
735
6,546
47,452
2021
£
163,792
8,000
1,023
9,023
25,775
48,721
217
425
49,363
644
-
620
1,264
258
3,424
880
1,437
1,717
-
1,577
12,459
500
22,252
660
1,092
-
1,752
25,268

7

Friends of Bude Sea Pool Detailed balance sheet items as at 31 October 2022

This schedule does not form part of the statutory accounts and should NOT be sent to HMRC

Current assets
Stocks
Trade debtors
Cash at bank and in hand
Prepayments and accrued income
Prepayments
Creditors: amounts falling due within one year
Trade creditors
Other taxes and social security costs
Accruals and deferred income
Accruals
Capital and reserves
Profit and loss account
Profit and loss account
Brought forward
Profit
2022
£
30,853
821
432,110
463,784
3,036
3,614
3,430
7,044
135,000
324,776
203,178
121,598
324,776
2021
£
24,304
895
314,858
340,057
2,873
148
4,604
4,752
135,000
203,178
130,769
72,409
203,178

8

Friends of Bude Seapool Income and Expenditure by fund For the period ended 31 October 2022

Unrestricted
Designated
Restricted
£
£
£
Income
Beach Huts Hire
18,542
-
-
Collection Tins
9,011
-
-
Corporate Membership
15,829
-
-
Donations
16,537
-
-
Fundraising
10,155
-
-
Gift Aid
11,617
-
-
Grants
5,200
-
-
Legacies
108,088
-
-
Covid Grants
-
-
-
Interest receivable
947
-
-
Membership
30,773
-
-
Merchandise
101,343
-
-
Storage
-
-
-
328,042
-
-
Expenditure
Accountancy
1,288
-
-
Administration expenses
8,078
-
-
Advertising and PR
4,523
-
-
Professional Fees
735
-
-
Bank charges and interest
2,422
-
-
Insurance
4,288
-
-
Office premises
4,324
-
-
Promotional goods
64,460
-
-
Repairs and maintenance
22,835
-
-
Sundry
611
-
-
Wages and salaries
92,880
-
-
206,444
-
-
Movement in Funds for the year
121,598
-
-
Funds brought forward
203,178
-
Funds carried forward (see below)
324,776
-
-
Funds carried forward
General
302,867
-
-
Play Equipment
1,909
-
Beach Hut Replacement
20,000
-
324,776
-
-
Future Expenditure committed to
Summer Season Running Costs
35,000
-
-
Structural Repairs
100,000
-
-
135,000
-
-
Year to
31st
October
2022
£
18,542
9,011
15,829
16,537
10,155
11,617
5,200
108,088
-
947
30,773
101,343
-
328,042
1,288
8,078
4,523
735
2,422
4,288
4,324
64,460
22,835
611
92,880
206,444
121,598
203,178
324,776
302,867
1,909
20,000
324,776
35,000
100,000
135,000
Year to
31st
October
2021
£
18,248
6,607
9,937
11,081
5,445
6,589
5,000
-
8,000
1,023
17,834
82,241
810
172,815
660
4,298
1,092
880
1,437
2,868
25,775
14,176
499
48,721
100,406
72,409
130,769
203,178
181,269
1,909
20,000
203,178
35,000
100,000
135,000

9