**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. Page 1 ## **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 Page 2 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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 Page 4 ## **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 Page 5 KIURNE OUTDOOR SWIMMING POOL LANCE SHEEr Ji ocroBER ZOIQ 2020 Totsl fund5 2019 Total hjnds Unre$tri￿ed 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 A￿suSt202] and were $18nEd on its behalf by.. J Delaintrsmrth. T￿Slee 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... Page 8 ## **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... Page 9 ## **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... Page 10 ## **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... Page 11 ## **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... Page 12 ## **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... Page 13 ## **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. Page 14