REGISTERED COMPANY NUMBER: 07630060 (England and Wales) REGISTERED CHARITY NUMBER: 1143156
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2025 for Friends Of Bude Sea Pool
Streets Metherell Gard Limited Burn View
Friends Of Bude Sea Pool Bude Cornwall EX23 8BX
Contents of the Financial Statements for the Year Ended 31 October 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 15 |
Friends Of Bude Sea Pool
Report of the Trustees for the Year Ended 31 October 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
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 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.
The charity is also known by its operating name, FoBSP.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects as set out by it's articles of association are:
To promote for the benefit of the public the provision of facilities for recreation or other leisure time occupation for the public at large in the interest of social welfare and with the object of improving their condition of life.
Significant activities
The company's principal activity is the maintaining of the historical sea pool on Summerleaze Beach, Bude. In practice this means that FoBSP manages, maintains and, where possible, improves Bude Sea Pool (BSP). Since FoBSP took over responsibility for the pool in 2011 on a 99-year lease from Cornwall County Council, the 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.
Public benefit
In setting their objectives and planning their activities the trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
Volunteers
The charity is a volunteer-led organisation and has approximately 200 active volunteers, including those on the committee and the trustees. Activities, which the volunteers take part in include:
-
Maintenance at the pool
-
Managing and running fundraising events
-
Baking for fundraising events
-
Serving customers at the charity's shop
The number of volunteers compare to 6 paid staff, rising to 14 in the high season.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities The main activities undertaken during the year to further the charity's purpose for the public benefit
We have delivered tangible and enduring improvements to the pool and its associated amenities while ensuring that regular essential maintenance is completed to an annual schedule. This has entailed us conducting fund-raising activities, 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 attracting 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.
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.
In summer 2025, we opened a new shop in Bude's town centre to sell merchandise, promote BSP and encourage the take-up of membership subscriptions. This entailed closing our previous shop, located in Summerleaze car park.
Page 1
Friends Of Bude Sea Pool
Report of the Trustees for the Year Ended 31 October 2025
The short-term and longer-term aims and objectives
Our website is being updated to be more accessible and informative. We continue to research new products, 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 charity's strategies for achieving its aims and objectives in the future
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.
FINANCIAL REVIEW
Financial position
As at 31 October 2025, the charity held total reserves of £499,011 (2024: £478,140) of which £57 was restricted and tangible fixed assets totalling £1,893.
The charity's principal funding sources are from memberships both private and corporate as well as income from its shops.
FINANCIAL REVIEW
Reserves policy
The trustees have considered the level of free reserves that need to be retained, in the light of the Charities Commission document "Building Resilience" published in June 2023.
In the opinion of the trustees the reserves held need to include an operational cashflow balance in the region of £125,000.
In addition to this amount the trustees believe they need over a period time to build a further balance in retained reserves as the charity is unable to buy insurance cover against damage to the sea pool from such events as storms further details are noted below. As a result, the trustees' policy is to build the reserves up annually to provide against such a risk through allocation from each year's net income.
Designated reserves currently held are as follows-
| Designated Fund | £ |
|---|---|
| Beach Hut replacement | 55,000 |
| Pool repairs | 315,000 |
Beach Hut Replacement
This reserve is designated for the replacement of the charity's beach huts following an uninsured loss event. The beach huts are ancillary to the charity's primary purpose and in the event of the need to replace them as a matter of urgency, funds must be available immediately. Whilst the beach huts and their revenue are insured, given their construction and location, it is not possible to insure them against many insurable perils (i.e storm damage).
Pool repairs
This reserve is for the major repairs and maintenance to Bude Sea Pool. The location of the pool makes it very vulnerable to storm damage, cliff collapse and other natural hazards. As the charity is unable to secure natural perils insurance on the sea pool structure itself or the adjacent terracing, the charity requires a substantial designed reserve for quick remedial action to be taken in the event of major damage, in order to prevent further damage, additional repair costs, and a potential loss of income if the pool had to be taken out of use for a prolonged period. The aim is to maintain a selfinsurance reserve to protect against such eventualities. The reserve does not represent the costs of the complete replacement of the sea pool, which was estimated to be in the region of £7m. The trustees believe the eventuality of its complete destruction is unlikely to occur, based on previous experience.
FUTURE PLANS
Since the year end a new trading subsidiary has been incorporated.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a private company limited by guarantee which is registered in England and Wales. Its governing document is its Memorandum and Articles of Association, the governing document is dated 29 July 2011.
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Friends Of Bude Sea Pool
Report of the Trustees for the Year Ended 31 October 2025
Recruitment and appointment of new trustees
The process for recruiting and appointing new trustees is: o Invite expressions of interest in joining the trustee board from volunteers and friends via our standard communication channels. o Expressions of interest are matched against the specific skills and experience which the trustees have identified as required
o Applicants are interviewed by a minimum of two trustees
o Following interviews, the trustee board makes a decision on whether the applicants are suitable
o Applicants are invited to attend a trustee and committee meeting as observers and are provided with an induction checklist o Following this attendance, new trustees are confirmed in their post and are put to a members' vote at the next AGM.
Governance issues are dealt with within the required timescales
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07630060 (England and Wales)
Registered Charity number
1143156
Registered office
1 Morwenna Terrace Bude Cornwall EX23 8BU
Trustees
C N Cannon S Collins-Powell (appointed 25/1/25) M D Holehouse (resigned 22/3/26) Mrs K M Kemp Mrs S Moore S M Bennett (resigned 20/1/25) L J Bragg (appointed 25/1/25) (resigned 4/12/25) Mrs E Stacey (appointed 20/3/26)
Independent Examiner
Streets Metherell Gard Limited Burn View Bude Cornwall EX23 8BX
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ................. April 2026 and signed on its behalf by:
...................................................................... Mrs S Moore - Trustee
Page 3
Independent Examiner's Report to the Trustees of Friends Of Bude Sea Pool
Independent examiner's report to the trustees of Friends Of Bude Sea Pool ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2025.
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 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 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
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 member of the 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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts 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
-
the accounts 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)).
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.
Thomas Vigg ACA The Institute of Chartered Accountants in England and Wales
Streets Metherell Gard Limited Burn View Bude Cornwall EX23 8BX
Date: .............................................
Statement of Financial Activities
| INCOME AND ENDOWMENTS FROM | Unrestricted | Restricted | 2025 | 2024 | |
|---|---|---|---|---|---|
| Donations and legacies | funds | fund | Total | Total | |
| Charitable activities | Notes | £ | £ | funds | funds as restated |
| Promotion of facilities for recreation | £ | £ | |||
| 75,888 | - | ||||
| Other trading activities Investment income |
4 | 75,888 | 88,791 | ||
| 92,544 | 2,000 | ||||
| Total | 2 3 |
65,305 17,910 |
- - |
94,544 65,305 |
120,986 27,877 |
| EXPENDITURE ON | 17,910 | 16,299 |
251,647
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Friends Of Bude Sea Pool
| 60,155 170,678 |
2,00 0 |
253,647 253,953 |
|
|---|---|---|---|
| Raising funds Charitable activities Promotion of facilities for recreation Total 5 230,833 NET INCOME RECONCILIATION OF FUNDS Total funds brought forward 20,814 As previously reported 343,140 Prior year adjustment 11 135,000 As restated 478,140 TOTAL FUNDS CARRIED FORWARD 498,954 (Incorporating an Income and Expenditure Account) for the |
- 1,943 60,155 172,621 232,776 63,865 166,101 229,966 57 20,871 23,987 - 343,140 319,153 - 135,000 135,000 - 478,140 499,011 454,153 478,140 Year Ended 31 October 2025 1,94 3 5 ~~7~~ |
The notes form part of these financial statements
Page 6
Balance Sheet 31 October 2025
2025 2024 Unrestricted Restricted Total Total funds fund funds funds as ~~restated~~
| Friends Of | Bude Sea Pool | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 12 | 1,893 | - | 1,893 | 1,650 |
| CURRENT ASSETS | |||||
| Stocks | 13 | 21,422 | - | 21,422 | 14,898 |
| Debtors | 14 | 7,235 | - | 7,235 | 3,744 |
| Cash at bank and in hand | 476,849 | 57 | 476,906 | 463,007 | |
| 15 | 505,506 | 57 | 505,563 | 481,649 | |
| CREDITORS | |||||
| Amounts falling due within one year | (8,445) | - | (8,445) | (5,159) | |
| NET CURRENT ASSETS | 497,061 | 57 | 497,118 | 476,490 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 498,954 | 57 | 499,011 | 478,140 | |
| 17 | |||||
| NET ASSETS | 498,954 | 57 | 499,011 | 478,140 | |
| FUNDS | |||||
| Unrestricted funds | 498,954 | 478,140 | |||
| Restricted funds | 57 | - | |||
| TOTAL FUNDS | 499,011 | 478,140 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ................. April 2026 and were signed on its behalf by:
.............................................
S Moore - Trustee
The notes form part of these financial statements
Page 7
Friends Of Bude Sea Pool
Notes to the Financial Statements for the Year Ended 31 October 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The Charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. See charity reference and administration details on the trustees report.
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.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from corporate membership and beach hut hire is recognised at the date that the income falls due.
The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Income is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. This is usually when the possession of goods has been passed on to the customer.
Interest and all other income is recognised when receivable and the amount can be measured reliably.
Grants received
Income from grants is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
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Friends Of Bude Sea Pool
Notes to the Financial Statements - continued
for the Year Ended 31 October 2025
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Plant & machinery - 25% reducing balance
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
Assets are not generally capitalised below a value of £250.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subject to restrictions on their expenditure imposed by the donor.
Further details can be found in the trustees report.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Volunteers
The charity has benefited from the services of volunteers, in accordance with the SORP, and in recognition of the difficulties in placing monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
Employee benefits
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
Details of contributions are shown in note 9.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Financial instruments
All financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include cash at bank, debtors and creditors.
2. OTHER TRADING ACTIVITIES
| Fundraising events Shop income Sponsorships Refreshments Sundry Corporate membership |
2025 £ 12,499 38,227 813 813 - 12,953 65,305 as |
2024 restated £ 12,640 - - 1,359 50 13,828 27,877 |
|---|---|---|
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Friends Of Bude Sea Pool
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
3. INVESTMENT INCOME
| Deposit account interest 4. INCOME FROM CHARITABLE ACTIVITIES Activity Beach Hut hire Promotion of facilities for recreation Deck Chair hire Promotion of facilities for recreation Merchandise Promotion of facilities for recreation Grants Promotion of facilities for recreation Rents received Promotion of facilities for recreation Grants received, included in the above, are as follows: Pool School 5. CHARITABLE ACTIVITIES COSTS Promotion of facilities for recreation 6. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Repairs and maintenance Travel and subsistence Staff training and welfare Pool school 7. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): |
Direct Costs (see note 6) £ 148,847 |
|
|---|---|---|
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continued...
Friends Of Bude Sea Pool
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
| Independent examiner's costs | 3,000 | 1,000 |
|---|---|---|
| Other accountancy services | 1,951 | 1,480 |
| Depreciation - owned assets | 479 | 550 |
| Hire of plant and machinery | 817 | 545 |
| Other operating leases | 8,851 | 5,500 |
8. TRUSTEES' REMUNERATION AND BENEFITS
9. There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.
Trustees' expenses
| There were no | trustees' expenses paid for the year ended 31 October 2025 nor for the year ended | trustees' expenses paid for the year ended 31 October 2025 nor for the year ended |
|---|---|---|
| 31 October 2024. | 2025 | 2024 |
| as restated | ||
| STAFF COSTS | £ | £ |
| 104,063 | 108,822 | |
| 541 | 2,587 | |
| 919 | 3,019 | |
| Wages and salaries | ||
| Social security costs Other pension costs |
105,523 | 114,428 |
The average monthly number of employees during the year was as follows:
| Head count- excluding trustees 10. No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Promotion of facilities for recreation Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Promotion of facilities for recreation Total Unrestricted funds £ 88,791 120,986 27,877 16,299 253,953 63,865 166,101 229,966 |
2025 as 9 Restricted fund as £ - - - ~~-~~ - - ~~-~~ - |
2024 restated 10 Total funds restated £ 88,791 120,986 27,877 16,299 |
|---|---|---|
| 253,953 | ||
| 63,865 166,101 |
||
| 229,966 | ||
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Friends Of Bude Sea Pool
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
| 10. | NET INCOME 23,987 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
NET INCOME 23,987 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
- | 23,987 |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | fund | funds | ||
| as restated | ||||
| £ | £ | £ | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | ||||
| As previously reported | 319,153 | - | 319,153 | |
| Prior year adjustment | 135,000 | - | 135,000 | |
| As restated | 454,153 | - | 454,153 | |
| TOTAL FUNDS CARRIED FORWARD | 478,140 | - | 478,140 | |
| 11. | PRIOR YEAR ADJUSTMENT | |||
| An adjustment has been made to remove the historical accrual of £135,000 which relates to | future costs for | |||
| structural repairs to the sea pool. This should have been designated funds rather than an accrued | expense. | |||
| 12. | TANGIBLE FIXED ASSETS | |||
| Plant and | ||||
| machinery | ||||
| £ | ||||
| COST | 2,200 | |||
| At 1 November 2024 | 722 | |||
| Additions | ||||
| 2,922 | ||||
| At 31 October 2025 | ||||
| DEPRECIATION | 550 | |||
| At 1 November 2024 | 479 | |||
| Charge for year | ||||
| 1,029 | ||||
| At 31 October 2025 | ||||
| NET BOOK VALUE | 1,893 | |||
| At 31 October 2025 | ||||
| 1,650 | ||||
| At 31 October 2024 | ||||
| 13. | STOCKS | |||
| 2025 | 2024 | |||
| as restated | ||||
| £ | £ | |||
| Stocks | 21,422 | 14,898 | ||
| 14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 15. | 2025 | 2024 | ||
| as restated | ||||
| Trade debtors | £ | £ | ||
| Other debtors | 871 | 517 | ||
| VAT Prepayments and accrued income |
1,318 - |
1,356 326 |
||
| 5,046 | 1,545 | |||
| 7,235 | 3,744 |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Friends Of Bude Sea Pool
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
| Notes to the Financial Statements- continued for the Year Ended 31 October 2025 |
|
|---|---|
| 2025 2024 |
|
| Trade creditors Social security and other taxes VAT Other creditors Accruals and deferred income |
£ 2,383 1,599 44 548 3,871 8,445 as restated £ 3,643 1,516 - - - 5,159 |
Deferred income is the result of funds being received in advance. This is calculated as follows:
| Sponsorship income received in advance | 2025 £ 412 412 |
2024 £ - |
|---|---|---|
| - |
16. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years MOVEMENT IN FUNDS Prior At year 1.11.24 adjustment Unrestricted funds £ £ General fund Designated fund- pool 121,231 - repairs Designated fund- Beach Hut replacement 200,000 135,000 21,909 - 343,140 135,000 Restricted funds Pool School - - TOTAL FUNDS 343,140 135,000 Net movement in funds, included in the above are as follows: Unrestricted funds General fund |
Net movement in funds £ 20,814 - - 20,814 57 Incoming resources £ 20,87 1 |
2025 £ 12,100 19,817 31,917 2024 as restated £ 5,500 15,417 20,917 Transfers between At funds 31.10.25 £ £ (33,091) 108,954 - 335,000 33,091 55,000 - - Resources expended £ 498,954 57 499,011 Movement in funds £ - |
2024 s restated £ 5,500 15,417 20,917 At 31.10.25 £ 108,954 335,000 55,000 |
2024 restated £ 5,500 15,417 |
|---|---|---|---|---|
| 20,917 | ||||
| 498,954 57 |
||||
| 499,011 |
17. MOVEMENT IN FUNDS
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Friends Of Bude Sea Pool
| Notes to the Financial Statements- continued for the Year Ended 31 October 2025 251,647 |
Notes to the Financial Statements- continued for the Year Ended 31 October 2025 251,647 |
Notes to the Financial Statements- continued for the Year Ended 31 October 2025 251,647 |
(230,833) | 20,814 | |
|---|---|---|---|---|---|
| Restricted funds Pool School TOTAL FUNDS Comparatives for movement in Unrestricted funds General fund Designated fund- pool repairs Designated fund- Beach Hut replacement TOTAL FUNDS |
funds Prior At year 1.11.23 adjustment £ £ 97,244 135,000 200,000 - ~~21,909~~ ~~-~~ 319,153 135,000 319,153 135,000 |
2,000 253,647 (1,943) (232,776) Net Transfers movement between in funds funds £ £ 23,987 (135,000) - 135,000 ~~-~~ ~~-~~ 23,987478,140 23,987478,140 - - |
57 At 31.10.24 £ 121,231 335,000 ~~21,909~~ 20,87 1 |
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Friends Of Bude Sea Pool
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
17. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS 18. RELATED PARTY DISCLOSURES |
Incoming resources £ 253,953 253,953 |
Resources expended £ (229,966) (229,966) Movement in funds £ 23,987 23,987 |
|---|---|---|
There were no related party transactions for the year ended 31 October 2025.
19. POST YEAR END
On review of the charities activities it was decided by the trustees to form a new trading subsidiary to carry out the activities of the shop, this was formed after the year end.
20. DIRECTORS' AND OFFICERS' LIABILITY INSURANCE
The company has taken out insurance cover regarding directors' and officers' liability.
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