Charity No. 1154780
CALON TYSUL
Report and Financial Statements
31 March 2021
D N Accounting Solutions
Maesteg Drefach Felindre Llandysul SA44 5UY
CALON TYSUL
REPORT AND FINANCIAL STATEMENTS
| CONTENTS | Page |
|---|---|
| Report of the Board of Management | 2 |
| Chartered Accountant's Report | 3 |
| Charperson's Statment | 4 |
| Statement of Financial Activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 |
1
CALON TYSUL
REPORT OF THE BOARD OF MANAGEMENT
The Board of Management present their annual report and the unaudited financial statements for the period ended 31 March 2021
PRINCIPAL ACTIVITIES
The principal activity of the charity is to operate the Calon Tysul for the benefit of the schools and inhabitants of Llandysul and the surrounding area.
REVIEW OF ACTIVITIES
The pool continues to be a popular attraction for locals and visitors and provides an important facility in the area for all ages. It allows children to learn to swim in a safe and controlled environment and then to use the skills acquired for recreational and sporting activity. Many of our older visitors take advantage of the undoubted benefits of swimming to health and physical well being.
By order of the board of management:
Chairperson
Date:
2
CALON TYSUL
CHARTERED ACCOUNTANTS’ REPORT TO THE BOARD OF MANAGEMENT ON THE UNAUDITED ACCOUNTS
In accordance with the engagement letter and in order to assist you to fulfil our duties under the Charities Act 1983, we have compiled the accounts of the charity which comprise the Statement of Financial Activities, the Balance Sheet and the related notes from the accounting records, information and explanations that you have given us.
This report is made to the Charity Board of Management, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the accounts that we have been engaged to compile, report to the Charity’s Board of Management that we have done so and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s Board of Management, as a body, for our work or for this report.
We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in England and Wales and have complied with the ethical guidance laid down by the Institute relating to member undertaking the compilation of accounts.
You have acknowledged on the Balance Sheet as at 31 March 2021 your duty to ensure that the Charity has kept proper accounting records and to prepare accounts that give a true and fair view under the Companies Act 1985. You consider that the Charity is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the accounts. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore express any opinion on the accounts.
D N Accounting Solutions
Maesteg Drefach Felindre Llandysul SA44 5UY
3
CALON TYSUL
STATMENT FROM CHAIRPERSON
This is my Eighth report as chairman of Calon Tysul it has been another interesting year.
During the financial year April 2020 – March 2021 we have seen many improvements to the site and we are entering an exciting time for Calon Tysul.
I would like to thank Inogy for the continued support they have shown with the Brechfa wind Farm Grant - we look forward to working with them over the coming years.
This report runs up until the end March 2021 and a full year of disruptions due to the Covid 19 Coronavirus Pandemic, this has had world-wide implications and has forced us to close the Pool and all of Calon Tysul a number of times. I would like to thank the staff and trustees for all the support during this challenging time. As a leisure facility we can be very proud of the way the staff have kept the facility open and as Covid safe as possible. Iestyn has worked very hard as treasurer to make sure we applied and received all of the government grants including the Furlough support.
Like most years we have seen a change in staffing and trustees. It has been a struggle but again thanks to the commitment and hard work from all those involved we still have a great facility in Llandysul. Matt is doing a great job as manager and Sioned T was a brilliant Swim Coordinator, growing the Swim School despite the challenges, and laying the groundwork for the recent expansion beyond 300 swim school members. Since the end of the financial year, Sioned has moved on to new challenges, and we'd like to wish her a successful future, and to congratulate Heather, our new Swim Coordinator on a huge start to her tenure
Since the last AGM, the trustees have met on many occasions, and we have had to make some hard decisions in order to keep the facility open. Our key focus this year has been the same as last reducing costs and increasing income. However, we have also tried to add additional sessions to increase usage and improve the facility by continued maintenance. We have a great new pool cover in place and this is already starting to save us money.
We are continually grateful to the sponsors and users of the pool without this source of income the facility would unfortunately close.
The team are always looking at ways of increasing usage at the facility and have introduced many new sessions to run alongside the core activities we have an amazing range of activities and a credit to Matt and his team at Calon Tysul and also to the instructors who deliver the sessions some that have been part of the centre for many, many years.
I would like to take this opportunity to thank D N Accounting Solutions for looking after our accounts again this year. Overall after a hard 12 months we are still afloat, the next 12 months are going to be even harder to balance the books, but as I have mentioned with the team of trustees, our sponsors, staff and fundraising team we are more than up to the challenge.
Thank you again for your support and involvement.
Gareth Bryant
Chair Calon Tysul
4
CALON TYSUL
STATEMENT OF FINANCIAL ACTIVITIES 31 March 2021
| Year to | Year to | Year to | Year to | ||
|---|---|---|---|---|---|
| 31 March | 31 March | 31 March | 31 March | ||
| 2021 | 2021 | 2020 | 2020 | ||
| Note | |||||
| £ | £ | £ | £ | ||
| INCOMING RESOURCES | |||||
| Incoming Resources from Generated Funds | |||||
| Grants | 2 | 133,436 | 62,605 | ||
| Investment Income – Interest Received | 130 | 116 | |||
| 133,566 | 62,721 | ||||
| Incoming Resources from Charitable Activities | |||||
| Swimming Fees | 3 | 32,714 | 143,952 | ||
| Other Incoming Resources | 4 | 44,875 | 13,739 | ||
| 77,589 | 157,691 | ||||
| Total Incoming Resources | 211,155 | 220,412 | |||
| Resources Expended | |||||
| Direct Charitable Expenditure | 5 | 164,602 | 207,609 | ||
| Management & Administration | 6 | 10,016 | 11,650 | ||
| Total Resources Expended | 174,618 | 219,259 | |||
| Net Resource Expended and Movement of Funds | 36,537 | 1,153 | |||
| Balance Brought Forward | 19,819 | 18,666 | |||
| Balance Carried Forward | 56,356 | 19,819 |
All funds are unrestricted.
5
CALON TYSUL
BALANCE SHEET 31 March 2021
| 31 March | 31 March | 31 March | 31 March | ||
|---|---|---|---|---|---|
| 2021 | 2021 | 2020 | 2020 | ||
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 7 | 168 | 747 | ||
| CURRENT ASSETS | |||||
| Stock | - | - | |||
| Debtors | 8 | 422 | 8,009 | ||
| Cash at Bank and in Hand | 85,392 | 25,534 | |||
| CREDITORS:amounts falling due within one year | 9 | (29,626) | (14,471) | ||
| NET CURRENT ASSETS | 56,188 | 19,072 | |||
| NET ASSETS | 56,356 | 19,819 | |||
| CAPITAL AND RESERVES | |||||
| Accumulated Surplus | 56,356 | 19,819 | |||
| SHAREHOLDERS’ FUNDS | 56,356 | 19,819 |
The notes on pages 7 to 11 form part of these financial statements.
These financial statements were approved by the board of management on 2021 and were signed on its behalf by :
Chairperson
6
CALON TYSUL
NOTES TO THE ACCOUNTS Year ended 31 March 2021
1. ACCOUNTING POLICIES
The financial statements are prepared in accordance with applicable United Kingdom accounting standards. The particular accounting policies adopted are described below. All accounting policies have been applied consistently throughout the current and preceding periods.
Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with applicable law and United Kingdom accounting standards.
Turnover
Turnover is the total amount, receivable as revenue grants and swimming fees, together with sundry income from peripheral activities.
Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Furniture, Fixtures & Fittings - 10 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. INCOMING RESOURCES FROM GENERATED FUNDS
| Year to | Year to | |
|---|---|---|
| 31 March | 31 March | |
| 2021 | 2020 | |
| £ | £ | |
| Grants | 37,500 | 53,375 |
| Other Government Grants | 86,053 | - |
| Free Swims | 4,163 | 3,470 |
| School Swimming Lessons | 5,720 | 5,760 |
| 133,436 | 62,605 |
7
CALON TYSUL
NOTES TO THE ACCOUNTS Year ended 31 March 2021
3 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
| Usage Fees Private Hire Admissions Courses Events Lessons Membership Income Sundries |
31 March 2021 £ 5,815 5,612 - - 13,886 7,401 - 32,714 |
31 March 2020 £ 19,836 18,699 1,325 2,065 66,288 35,739 - |
|---|---|---|
| 143,952 |
4 OTHER INCOMING RESOURCES
| Donation and Sponsored Events Shop Sales |
Unrestricted Funds 31 March 2021 £ 31 March 2020 £ 44,577 12,686 298 1,053 44,875 13,739 |
Unrestricted Funds 31 March 2021 £ 31 March 2020 £ 44,577 12,686 298 1,053 44,875 13,739 |
|---|---|---|
| 13,739 |
8
CALON TYSUL
NOTES TO THE ACCOUNTS Year ended 31 March 2021
5 DIRECT CHARITABLE EXPENDITURE
| Wages and Salaries Water Charges Purchase of shop stock Heating and Lighting Repair Costs Purchases of consumables Training costs Depreciation |
31 March 2021 £ 112,888 1,595 998 24,898 16,778 2,388 4,478 579 164,602 |
31 March 2020 £ 106,398 5,934 2,095 62,284 17,206 11,175 1,933 584 |
|---|---|---|
| 207,609 |
6 MANAGEMENT AND ADMINISTRATION
| Office Costs: Insurance Telephone and Internet Postage and Stationary Marketing Accountancy Fees Consultancy Fees Legal Fees Sundry Expenses |
Unrestricted Funds 31 March 20201£ 31 March 2020 £ 4,595 5,816 764 620 691 732 22 143 938 1,023 - 600 - - 3,006 2,716 10,016 11,650 |
Unrestricted Funds 31 March 20201£ 31 March 2020 £ 4,595 5,816 764 620 691 732 22 143 938 1,023 - 600 - - 3,006 2,716 10,016 11,650 |
|---|---|---|
| 11,650 |
9
CALON TYSUL
NOTES TO THE ACCOUNTS Year ended 31 March 2021
7 FIXED ASSETS
| Swimming Pool £ Furniture, Fixtures & Fittings £ Computer Equipment £ Plant & Equipment £ Cost As at 31stMarch 2020 55,300 125,383 1,755 345 Additions - - - - Disposals - - - - As at 31stMarch 2021 55,300 125,383 1,755 345 Depreciation As at 31stMarch 2020 55,300 125,383 1,008 345 Charge for year - - 579 - As at 31stMarch 2021 55,300 125,383 1,587 345 Net Book Value As at 31stMarch 2020 - - 747 - As at 31stMarch 2021 - - 168 - |
Total £ 182,783 - |
|---|---|
| 182,783 | |
| 182,036 579 |
|
| 182,615 | |
| 747 | |
| 168 |
8 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Trade Debtors Other Debtors VAT Prepayments |
31 March 2021 £ 318 - 104 - 422 |
31 March 2020 £ 1,571 5,855 583 - |
| 8,009 |
10
CALON TYSUL
NOTES TO THE ACCOUNTS Year ended 31 March 2021
9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Trade Creditors PAYE Payable Deferred Grant Income Other Creditors |
31 March 2021 £ 3,299 320 25,000 1,007 29,626 |
31 March 2020 £ 12,677 350 - 1,444 |
| 14,471 |
11