REGISTERED CHARITY NUMBER: 1151030
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022
FOR
BOURNE OUTDOOR SWIMMING POOL
BOURNE OUTDOOR SWIMMING POOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | ||
| Notes to the Financial Statements | 7 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
BOURNE OUTDOOR SWIMMING POOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2022
The trustees present their report with the financial statements of the Charitable Incorporated Organisation for the year ended 31 October 2022. 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 CIO continued to provide swimming facilities throughout the 2022 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 £30,477 (2021: £6,850).
Income from pool activities in 2022 increased, this was more in line with pre pandemic levels. Total income was £105,040 (2021: 59,403). Most notably general admissions totalled £84,830 (2021: £19,486) being a 335% increase on the previous year as the pool was not open for the full season due to the COVID-19 restrictions. This increase also reflects an unusually hot summer in the UK who recorded three separate heatwaves, one in June, July and August.
During the year donations of £650 (2021: £5,519) were received. All donations received were unrestricted being available for use in accordance with the charities objectives at the discretion of the trustees.
The cost of resources expended totalled £74,563 (2021: £52,553). The main items of expenditure were light and heat £15,168 (2021: £10,889), wages £23,773 (2021: £8,050) and repairs and maintenance which totalled £9,067 (2021: £8,263) with the most significant items being £2,996 for the cost of repairs to the pool heater.
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 £187,022 (2021: £154,895) are more than sufficient to comply with this policy.
FUTURE PLANS
The pool will reopen for the 2023 season shortly. The trustees thank all volunteers who have helped to get the pool ready for re opening. The trustees hope for another hot summer to ensure high pool usage to generate high levels of income.
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.
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.
Page 1
BOURNE OUTDOOR SWIMMING POOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The trustees shown below have held office during the whole of the period from 1 November 2021 to the date of this report:
Mrs M J Delaine-Smith P Revill 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
Principal address
Abbey Lawn Coggles Causeway Bourne Lincolnshire PE10 9LN
Trustees
Mrs M J Delaine-Smith P Revill C J Atkin Mrs B H Smith
Independent Examiner
Mark Hindmarch BSc ACA Duncan & Toplis Limited 14 All Saints Street Stamford Lincolnshire PE9 2PA
Bankers
Lloyds Bank PLC 65 High Street Stamford Lincolnshire PE9 2AT
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 2
BOURPIE OUTOOORSWIMMING POC REPORTOFThETRUSTEES FOR ThEYEAR EIIDED 31 OCTOBER 2022 STATEMEKf OFTRUSTEE5' RE5PONYBIuTIES+CLlInWd The law appllcable to charwe5 in England and Wales, the Charltles Act 2011, Charity (Account5 and Reports) Re8ulatlons 2C¥J8 and the prowslMs of the trust deed require5 the tIU5tees to prepare financial statements for eath finan•al year whlth 8we a true and falr of state of affair5 of the charity and of the Incomin8 resources and application of resourc?s, including the Income and expenditure. ofthe charityforthat perd. In weparfngthose finanual 5tatement5, the trurtees are quI to 5aect sultableaccounrsni w11c ark4 then appthern ¢an$t¢.. observethe methods and principles in the Ch¥rity SORP,. makejudtrmenis ande5timatesthJt are rE8sonableand prudent.. prepare the fiNncil statements on the 8oini corKern basfj5 unles5 it is inlpwopriate to that the Char will ¢ontynue in bu5ine55. The trustees are respcffjsSble for keep5n8 proper actountin¢ rtcords whlth disc105e reasorwwe accurary at any time the financial posttion of the charirv and to enable them to ensure that the financial statements compty th the Charities Ad 2011. the Charity IAccoums and Report51 Ae¥ulation$ 2( and the pr1$9 of the trust deed. They are also respons+ble for safe¢uardin8 the 4s5etsof the charItyar henie fortskin$ reasonable steps ft)r the prevention and detettK>n of fraud and other irreiularits. pproved byorderofthe boardoftnJ5tee50n 13 Septthmber 2023 athd on ffs behawby.. Mrs M J Delalntr5mfth- Trustee Pale 3
EPENOENT LWAINER¥ REPORTTOThETRusfEES( KIURNEOVTD SWIMM114G POOL hthothtgxamlnw'¥ rewtto thetrustee5 of8r•Jrne outd Swlmmlng Po(A l report to the charity tru5tee5 on my examinat ol the accounts of Pthirne Outdoor Swimmin8 Pod Ithe Tru5tl for the ended 31 OrtobEr 2022. RewiMthllkbes•nd ofr•pwt As the charlty trusm of the Trusr you are responsiwe for th¢ preprtion of the attounts in accordance with the requlrements of the ChariDesAct 20111'the Act'l. I report in respect of my examination of the TNst's cOunts carried out under Section 145 of the Jnd in ryin$ out my examinaon I ha¥ fc4knwed all apt4lcable DirectionsgNen bythe Chartycommissbn under Setdon 145ISllblof theArt. IndepernlenteMmlnv'¥ 5t•t•mwrt I have completed my examination. I c¢)nfimi that no mateflal matters have come to My attention in connection with the examination 8ivin8 ffleiau5eto beliEwe that In any material respert,. •tt•untini recordswere not kept In fesFrtoFtheTrustas regred bysection 130 of the kn.. the accounts do nor accord w¢h those rewrds., or the accounts do not compty wth the applicable rquirements concerning the form aThJ content of acwjnrs ser rart in the Charitie5 (Accounts and Reports) Regulations 2ri)8 other than any requlrement that the a¢Crnts 8Ne a true and lair view whKh 15 Mt a mattertonsidered as part of èn independent exaffiinatn. I hève no concern5 have come acros5 no other matters in connection with the examlnatSon to whlth attentlm should be drown Dthis report in order to vfftable a proper under5tandin8of tt)e actountsto be reathed. ma HiTrJmarch BSCACA JrKan & Topli5 Urnr(ed 14 NJI Saints Street Stamfor¢J ncolnshe PE9 ZPA 13 Septtmber 2023 P4e4
BOURNE OUTDOOR SWIMMING POOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 2,735 Other trading activities 4 102,288 Investment income 5 17 Total 105,040 EXPENDITURE ON Raising funds 6 72,913 NET INCOME/(EXPENDITURE) 32,127 RECONCILIATION OF FUNDS Total funds brought forward 154,895 TOTAL FUNDS CARRIED FORWARD 187,022 |
Restricted funds £ - - - - 1,650 (1,650) 19,350 17,700 |
2022 Total funds £ 2,735 102,288 17 105,040 74,563 30,477 174,245 204,722 |
2021 Total funds £ 35,054 24,282 67 |
|---|---|---|---|
| 59,403 | |||
| 52,553 | |||
| 6,850 167,395 |
|||
| 174,245 |
The notes form part of these financial statements
Page 5
•oUANEOIJTDft SWIMMING POOL srATEMEiif OF FIIWKIAL Po110m 31 ocroBER IOIZ 2022 Total funds 2021 Tor31 fund5 Unrestricte fund Restrfcted funds HXEDASSEfS Tale a$5et5 12 78.824 17,7 96,524 I,680 CIJRAEiifASSETS StLK5 Debtors Cash at ban 13 14 620 1.225 ic6, 620 1,225 Il.408 620 75.512 I,253 Ice.253 76.132 CREOffORS kniounrs fallmi due within Onear 16,5671 PIETCURRENT ASSETS 108.198 1(.198 69.%5 187.022 17,70) 204.722 174,245 187.022 17,70) 204.722 174245 FUNDS 16 UnrestrKted fund5 Restricted fvnd5 187,022 17.71X) 154.895 19.350 TOTALFU14DS 204,n2 174.245 Thp fir4ncia statements kbre appr(Ned by the Board ol TrUee5 and a)rISed lor wue on 13 September 2Q3 were 98ned onits bew by.. MJ Ddaln&Smith.Trustee The notes fomi part ofthe5efinarKial ststements P•8e 6
BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
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.
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 - Straight line over 20 years Equipment - 20% on cost, 20% on reducing balance and 10% on cost
Tangible fixed assets are held at cost less accumulated depreciation.
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.
Taxation
The charity 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.
Debtors
Debtors are measured at their recoverable amount.
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022
2. ACCOUNTING POLICIES - continued
Creditors
Creditors are measured at their settlement amount or in the case of provision for liabilities the best estimate of their settlement amount.
Government grants
Government grants are recognised when there is reasonable assurance that the grant will be received and any conditions attached will be complied with. Grants are recognised as income over the period necessary to match them with related costs or lost income, for which they are intended to compensate, on a systematic basis.
Financial instruments
The charity has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price.
Such assets are subsequently carried at fair value and the changes in fair value are recognised in the income statement, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022
3. DONATIONS AND LEGACIES
| Notional donation Donations and gift aid Grants Pool resurfacing Grants All donations received were unrestricted. Grants received, included in the above, are as follows: Other grants 4. OTHER TRADING ACTIVITIES General admission Fun nights Pool hire Lockers and deckchairs Catering franchise Vending machine Shop accessories 5. INVESTMENT INCOME Deposit account interest 6. RAISING FUNDS Raising donations and legacies Staff costs Rent, rates and water Light and heat Repairs and maintenance Chemicals Cleaning Swimming accessories Coffee machine Depreciation |
|
|---|---|
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022
6. RAISING FUNDS - continued
Other trading activities
7.
| 2022 £ Support costs 6,941 Aggregate amounts 74,563 SUPPORT COSTS Governance Other costs £ £ Other trading activities 4,856 2,085 |
2021 £ 5,734 52,553 |
|---|---|
| Totals £ 6,941 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2022 nor for the year ended 31 October 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2022 nor for the year ended 31 October 2021.
9. STAFF COSTS
The average monthly number of employees during the year was as follows:
10.
| Lifeguards No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 22,054 Other trading activities 24,282 Investment income 67 Total 46,403 EXPENDITURE ON Raising funds 50,903 NET INCOME/(EXPENDITURE) (4,500) RECONCILIATION OF FUNDS Total funds brought forward 159,395 |
2022 8 Restricted funds £ 13,000 - - 13,000 1,650 11,350 8,000 |
2021 8 Total funds £ 35,054 24,282 67 59,403 52,553 6,850 167,395 |
|---|---|---|
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|
| Unrestricted fund £ TOTAL FUNDS CARRIED FORWARD 154,895 |
Restricted funds £ 19,350 |
Total funds £ |
| 174,245 |
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 £2,085 (2021: £1,985). 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 2021 118,423 30,568 Additions - 1,328 At 31 October 2022 118,423 31,896 DEPRECIATION At 1 November 2021 34,367 9,944 Charge for year 5,921 3,563 At 31 October 2022 40,288 13,507 NET BOOK VALUE At 31 October 2022 78,135 18,389 At 31 October 2021 84,056 20,624 13. STOCKS 2022 £ Shop accessories and chemicals 620 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Prepayments and accrued income 1,225 |
Totals £ 148,991 1,328 |
Totals £ 148,991 1,328 |
|---|---|---|
| 150,319 | ||
| 44,311 9,484 |
||
| 53,795 | ||
| 96,524 | ||
| 104,680 | ||
| 2021 £ 620 |
||
| 2021 £ - |
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors 16. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Boiler Pool resurfacing TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Boiler Pool resurfacing TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Boiler Pool resurfacing TOTAL FUNDS |
2022 2021 £ £ 40 5,062 15 1,505 55 6,567 Net At movement At 1.11.21 in funds 31.10.22 £ £ £ 154,895 32,127 187,022 7,000 (1,000) 6,000 12,350 (650) 11,700 19,350 (1,650) 17,700 174,245 30,477 204,722 Incoming Resources Movement resources expended in funds £ £ £ 105,040 (72,913) 32,127 - (1,000) (1,000) - (650) (650) - (1,650) (1,650) 105,040 (74,563) 30,477 Net At movement At 1.11.20 in funds 31.10.21 £ £ £ 159,395 (4,500) 154,895 8,000 (1,000) 7,000 - 12,350 12,350 8,000 11,350 19,350 167,395 6,850 174,245 |
2022 2021 £ £ 40 5,062 15 1,505 55 6,567 Net At movement At 1.11.21 in funds 31.10.22 £ £ £ 154,895 32,127 187,022 7,000 (1,000) 6,000 12,350 (650) 11,700 19,350 (1,650) 17,700 174,245 30,477 204,722 Incoming Resources Movement resources expended in funds £ £ £ 105,040 (72,913) 32,127 - (1,000) (1,000) - (650) (650) - (1,650) (1,650) 105,040 (74,563) 30,477 Net At movement At 1.11.20 in funds 31.10.21 £ £ £ 159,395 (4,500) 154,895 8,000 (1,000) 7,000 - 12,350 12,350 8,000 11,350 19,350 167,395 6,850 174,245 |
2021 £ 5,062 1,505 |
|---|---|---|---|
| 6,567 | |||
| 19,350 | |||
| 174,245 |
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022
16. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 46,403 | (50,903) | (4,500) |
| Restricted funds | |||
| Boiler | - | (1,000) | (1,000) |
| Pool resurfacing | 13,000 | (650) | 12,350 |
| 13,000 | (1,650) | 11,350 | |
| TOTAL FUNDS | 59,403 | (52,553) | 6,850 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Boiler Pool resurfacing TOTAL FUNDS |
Net At movement At 1.11.20 in funds 31.10.22 £ £ £ 159,395 27,627 187,022 8,000 (2,000) 6,000 - 11,700 11,700 8,000 9,700 17,700 167,395 37,327 204,722 |
Net At movement At 1.11.20 in funds 31.10.22 £ £ £ 159,395 27,627 187,022 8,000 (2,000) 6,000 - 11,700 11,700 8,000 9,700 17,700 167,395 37,327 204,722 |
|---|---|---|
| 17,700 | ||
| 204,722 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Boiler Pool resurfacing TOTAL FUNDS |
Incoming resources £ 151,443 - 13,000 13,000 164,443 |
Resources Movement expended in funds £ £ (123,816) 27,627 (2,000) (2,000) (1,300) 11,700 (3,300) 9,700 (127,116) 37,327 |
Resources Movement expended in funds £ £ (123,816) 27,627 (2,000) (2,000) (1,300) 11,700 (3,300) 9,700 (127,116) 37,327 |
|---|---|---|---|
| 9,700 | |||
| 37,327 |
continued...
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BOURNE OUTDOOR SWIMMING POOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2022 nor for the year ended 31 October 2021.
18. ULTIMATE CONTROLLING PARTY
The CIO is controlled by the board of trustees.
19. FINANCIAL INSTRUMENTS
The CIO has the following financial instruments:
| The CIO has the following financial instruments: | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Financial liabilities measured at amortised cost | |||
| Trade creditors | 40 | 5,062 |
The total interest income and interest expense for financial assets and financial liabilities that are not measured at fair value through the statement of financial activities was £17 (2021 - £67) and £nil (2021 - £nil) respectively.
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