REGISTERED CHARITY NUMBER: 1151030
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020
FOR
BOURNE OUTDOOR SWIMMING POOL
BOURNE OUTDOOR SWIMMING POOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020
| Page | ||
|---|---|---|
| Report of the Trustees | 1 to | 3 |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 to | 7 |
| Notes to the Financial Statements | 8 to | 14 |
| Detailed Statement of Financial Activities | 15 to | 16 |
BOURNE OUTDOOR SWIMMING POOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2020
The trustees present their report with the financial statements of the Charitable Incorporated Organisation for the year ended 31 October 2020. 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).
OBJECTIVES AND ACTIVITIES
Objectives
The objectives of the CIO are to provide swimming and associated facilities for the benefit of the inhabitants of Bourne and the surrounding area.
Public benefit reporting
When reviewing the CIO's objectives and activities, and in planning future activities, the trustees have considered the Charity Commission's general guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The pool did not open during the 2020 season due to the coronavirus pandemic. The CIO hope to continue to provide swimming facilities throughout the 2021 season. In addition to the main 50 yard heated pool, the CIO provides a toddlers pool, fountain pool, extended lawns with seating and picnic tables and a toddlers play area.
FINANCIAL REVIEW
The detailed statement of financial activities showed that during the period of the accounts, the CIO had an excess of income over expenditure of £13,305 (2019: £6,479).
There was no income from pool activities as the pool was not opened during the season due to the coronavirus pandemic.
During the year donations of £7,395 (2019: £6,400) were received. All donations received were unrestricted being available for use in accordance with the charities objectives at the discretion of the trustees.
A grant of £25,000 was received during the year in respect of COVID-19. This grant was not restricted..
The cost of resources expended totalled £21,312 (2019: £69,081). The main items of expenditure were repairs and maintenance which totalled £8,082 (2019: £9,246) with the most significant items being £6,036 for stone purchased and work carried out on the baby pool.
RESERVES POLICY
The trustees are aware that they need to maintain unrestricted free reserves at a level to provide sufficient funds to cover operating expenditure. The trustees consider that the CIO should maintain between three and six months of unrestricted free reserves. The current unrestricted free reserves of £159,395 (2019: £145,090) are more than sufficient to comply with this policy.
FUTURE PLANS
The pool has reopened in the 2021 season after the COVID-19 lockdown restrictions have eased.
Whilst at present there are sufficient funds to secure the medium term future of the pool, unless attendances are maintained in the coming seasons at a satisfactory level, the longer term future of the pool will need to be carefully considered.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by a constitution document dated 26 July 2018.
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BOURNE OUTDOOR SWIMMING POOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The trustees may appoint a person who is willing to serve as a trustee on such terms as they may agree from time to time.
Organisational structure
The trustees shown below have held office during the whole of the period from 1 November 2019 to the date of this report:
Mrs M J Delaine-Smith Mr P Revill Mr C J Atkin Mrs B H Smith
The trustees meet regularly to make decisions relating to the CIO. All trustees give their time freely and no remuneration or expenses were paid.
Induction and training of new trustees
The training and induction provided for new trustees will depend on their existing experience. Where necessary, induction will be on an informal basis. It will be tailored specially to the individual and will provide training on charity, legal and financial matters.
Risk management
The trustees have a duty to identify and review the risks to which the CIO is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees continue to monitor and review risks and instigate controls they deem necessary to reduce these risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1151030
Registered office
Abbey Lawn Coggles Causeway Bourne Lincolnshire PE10 9LN
Trustees
Mrs M J Delaine-Smith Teaching Assistant P Revill Production Manager C J Atkin Plumbing Lecturer Mrs B H Smith Cafe Proprietor
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8OURNE Ixm)OOR Y4¥lMMING PIJOL REPORT OFTHE TRUSTEES ThE YEAR E14DED 31 ocfoBER 2020 REFERENts AND ADMINISTRATIVE OEfAIiS Indwlendent Examir*er Mark Hlndmarch Bk ACA Duntan & Toplis Umlted 14 All 5aiTht$ street Stsmford ncolnshire PE9 2PA Bankers Lloyds Bank PLC 65 High Street Stèmford Uncolnshire PE9 2AT Apwoved by orderolthe boaed Df trustees on 19Auiutt 2021 wd signed on Ils behav by: Mr5 M J DelaintrSry4th- Trustee Pa8e 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOURNE OUTDOOR SWIMMING POOL
Independent examiner's report to the trustees of Bourne Outdoor Swimming Pool ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark Hindmarch BSc ACA Duncan & Toplis Limited 14 All Saints Street Stamford Lincolnshire PE9 2PA
19 August 2021
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BOURNE OUTDOOR SWIMMING POOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2020
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 34,379 Other trading activities 4 - Investment income 5 238 Total 34,617 EXPENDITURE ON Raising funds 20,312 NET INCOME/(EXPENDITURE) 14,305 RECONCILIATION OF FUNDS Total funds brought forward 145,090 TOTAL FUNDS CARRIED FORWARD 159,395 |
Restricted fund £ - - - - 1,000 (1,000) 9,000 8,000 |
2020 Total funds £ 34,379 - 238 34,617 21,312 13,305 154,090 167,395 |
2019 Total funds £ 18,288 57,012 260 75,560 69,081 6,479 147,611 154,090 |
|---|---|---|---|
The notes form part of these financial statements
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KIURNE OUTDOOR SWIMMING POOL LANCE SHEEr Ji ocroBER ZOIQ 2020 Totsl fund5 2019 Total hjnds Unre$tried fund Re5trtcted fund Notes FIXED ASSETS Tangible asseis 12 63,491 71.491 69,856 CURRENT ASSETS Stocks Prepayments and accrued In¢ome Cash at k and in hand 13 62Q 794 54,508 620 794 94.508 620 623 83.023 95.922 95,922 84.266 CREorroRS Amounts fallingduewthin tsne year 14 1181 NETCURREMfASSErs 95.904 95.904 84.234 TOTALASSETS LESSCURRENT UA&JUTIES 1S9.395 167,395 ,Q90 NeT ASSETS 159.395 8.cilo 167.395 154,090 FUND5 Unrestricted funds Re5trictedlund5 15 159.395 145.090 9.000 TOTAL FUNDS 167.395 154.090 Thefinancial statements were approved and authorlsed fDf issue bythe Board of Tru5tee5 and authwiseil for issue On 19 AsuSt202] and were $18nEd on its behalf by.. J Delaintrsmrth. TSlee The note5 form part olthese firbancial stotement5 Page 7
BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020
1. STATUTORY INFORMATION
Bourne Outdoor Swimming Pool is a Charitable Incorporated Organisation whose principal office is in England.
The presentation currency of the financial statements is the Pound Sterling (£).
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the CIO, 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 Standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Post year end the CIO has not yet opened during the coronavirus pandemic and whilst there are uncertainties surrounding the impact of the lockdown, the charity is operating at a viable level coupled with the financial support obtained from government schemes.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the CIO's accounting policies, management are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
There are no critical accounting judgements or estimation uncertainty that, in the opinion of the trustees, will have a material effect on the financial statements.
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.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 40% on reducing balance Equipment - 20% on reducing balance and 10% on reducing balance
Stocks
Stocks are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020
2. ACCOUNTING POLICIES - continued
Taxation
The CIO is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the CIO. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
3. DONATIONS AND LEGACIES
| Notional donation Donations and gift aid Grants All donations received were unrestricted. Grants received, included in the above, are as follows: Other grants Other grants relate to a local authority Retail, Hospitality and Leisure Grant. OTHER TRADING ACTIVITIES General admission Season tickets Fun nights Pool hire Schools Lockers and deckchairs Catering franchise Vending machine Shop accessories |
2020 £ 1,984 7,395 25,000 34,379 |
2019 £ 1,888 6,400 10,000 |
|---|---|---|
| 18,288 | ||
| 2020 £ 25,000 2020 £ - - - - - - - - - - |
2019 £ 10,000 |
|
| 2019 £ 41,081 5,502 2,735 3,666 620 171 1,400 229 1,608 |
||
| 57,012 |
4. OTHER TRADING ACTIVITIES
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020
5. INVESTMENT INCOME
| Deposit account interest 6. SUPPORT COSTS Other trading activities 7. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Deficit on disposal of fixed assets |
2020 2019 £ £ 238 260 Governance Other costs Totals £ £ £ 3,228 1,985 5,213 2020 2019 £ £ 7,222 7,004 - 211 |
|---|---|
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2020 nor for the year ended 31 October 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2020 nor for the year ended 31 October 2019.
9. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2020 | 2019 | |
|---|---|---|
| Lifeguards | - | 17 |
No employees received emoluments in excess of £60,000.
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 8,288 Other trading activities 57,012 Investment income 260 Total 65,560 EXPENDITURE ON Raising funds 68,081 NET INCOME/(EXPENDITURE) (2,521) RECONCILIATION OF FUNDS Total funds brought forward 147,611 TOTAL FUNDS CARRIED FORWARD 145,090 |
Restricted fund £ 10,000 - - 10,000 1,000 9,000 - 9,000 |
Total funds £ 18,288 57,012 260 75,560 69,081 6,479 147,611 154,090 |
|---|---|---|
11. INDEPENDENT EXAMINERS REMUNERATION
Duncan & Toplis Ltd provide the charity with accountancy and independent examination services at no cost. The commercial fees for these services would have been £1,985 (2019: £1,890). These fees are included as notional income and notional expenditure in the income and expenditure account.
12. TANGIBLE FIXED ASSETS
| Improvements to property Equipment £ £ COST At 1 November 2019 70,008 27,349 Additions 8,857 - At 31 October 2020 78,865 27,349 DEPRECIATION At 1 November 2019 24,503 2,998 Charge for year 3,943 3,279 At 31 October 2020 28,446 6,277 NET BOOK VALUE At 31 October 2020 50,419 21,072 At 31 October 2019 45,505 24,351 |
Improvements to property Equipment £ £ COST At 1 November 2019 70,008 27,349 Additions 8,857 - At 31 October 2020 78,865 27,349 DEPRECIATION At 1 November 2019 24,503 2,998 Charge for year 3,943 3,279 At 31 October 2020 28,446 6,277 NET BOOK VALUE At 31 October 2020 50,419 21,072 At 31 October 2019 45,505 24,351 |
Improvements to property Equipment £ £ COST At 1 November 2019 70,008 27,349 Additions 8,857 - At 31 October 2020 78,865 27,349 DEPRECIATION At 1 November 2019 24,503 2,998 Charge for year 3,943 3,279 At 31 October 2020 28,446 6,277 NET BOOK VALUE At 31 October 2020 50,419 21,072 At 31 October 2019 45,505 24,351 |
Totals £ 97,357 8,857 |
|---|---|---|---|
| 106,214 | |||
| 27,501 7,222 |
|||
| 34,723 | |||
| 71,491 | |||
| 45,505 | 24,351 | 69,856 |
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020
| 13. STOCKS Stocks 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income 15. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Boiler TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Boiler TOTAL FUNDS |
At 1.11.19 £ 145,090 9,000 154,090 Incoming resources £ 34,617 - 34,617 |
2020 2019 £ £ 620 620 2020 2019 £ £ 18 32 Net movement At in funds 31.10.20 £ £ 14,305 159,395 (1,000) 8,000 13,305 167,395 Resources Movement expended in funds £ £ (20,312) 14,305 (1,000) (1,000) (21,312) 13,305 |
|---|---|---|
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Boiler TOTAL FUNDS Comparative net movement in funds, included in the above are as Unrestricted funds General fund Restricted funds Boiler TOTAL FUNDS |
At 1.11.18 £ 147,611 - 147,611 |
Net movement in funds £ (2,521) 9,000 6,479 |
|---|---|---|
| follows: Incoming resources £ 65,560 10,000 75,560 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Boiler TOTAL FUNDS |
At 1.11.18 £ 147,611 - 147,611 |
Net movement in funds £ 11,784 8,000 19,784 |
At 31.10.20 £ 159,395 8,000 |
|---|---|---|---|
| 167,395 |
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 100,177 | (88,393) | 11,784 |
| Restricted funds | |||
| Boiler | 10,000 | (2,000) | 8,000 |
| TOTAL FUNDS | 110,177 | (90,393) | 19,784 |
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2020.
17. ULTIMATE CONTROLLING PARTY
The CIO is controlled by the board of trustees.
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