Charity No. 1154780
CALON TYSUL
Report and Financial Statements
31 March 2023
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 2023
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 2023 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 Tenth report as chairman of Calon Tysul! so that’s 10 years since the emergency meeting in the Tysul hall when it was announced that the pool would close. I am super proud of the trustees and staff of Calon Tysul past and present who have done everything possible to not only keep the centre open but to continue to offer so many great classes.
During the financial year April 2022 – March 2023 Calon Tysul was still being affected by Covid and we saw some core staff leaving but also new staff joining.
During this financial year we managed to start our renewable energy grant that would see almost 150 solar panels fitted to the leisure centre roof as well as a new Air source heating system that will reduce our carbon footprint and also reduce our ever-increasing energy bills. Brechfa West Windfarm continued its support of Calon Tysul and once again we have managed to not only keep the centre open but also start the process of opening up more sessions.
This report runs up until the end March 2023 and during this time it was probably the hardest time financially that the centre has ever seen with restricted opening and the energy crisis but saying this we are still open and this is down to the staff, trustees and users for all the hard work during this challenging time.
We have also been lucky enough to have some amazing people in the village who have helped us out financially when we were in a very dire financial position without this support the centre would have closed its doors. As well as individuals Llandysul Community Council have also managed to provide us with a grant to help with our running costs so many thanks to the members for the continued support.
We held more emergency trustees meetings than I would like to remember and made some tough decisions but I do look forward to writing my report for next years accounts as I honestly believe we have turned a corner and with our new heating system hopefully we will be able to get the running costs under control.
As well as the hard times we have also seen lots of good times with one of our core staff Bethan taking maternity leave to have her first child (Congratulations Bethan). Long-time supporter John also headed up Santa and New Year’s Eve runs so thanks John for you continued support. Joan has been adding even more classes to the programme and bringing in even more revenue so thanks Joan for all your help. The swim club has gone from strength to strength and continues with its weekly booking this provides a great link from swimming lessons to competition. We did also get our disable changing room finished at long last with thanks to the Bruce Wake foundation and Statkraft wind farm for the support with this grant. Our after-school Swim school is amazing and the numbers are still up in the 300’s each week such and amazing achievement.
We are continually grateful to the sponsors and users of the pool without this source of income the facility would unfortunately close.
I would like to thank Matt Adams who has been manager of the pool for the past six years he has done an amazing job keeping the place going through all the covid and financial turmoil. Diolch Matt.
I would like to take this opportunity to thank DN 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 2023
| Year to | Year to | Year to | Year to | ||
|---|---|---|---|---|---|
| 31 March | 31 March | 31 March | 31 March | ||
| 2023 | 2023 | 2022 | 2022 | ||
| Note | |||||
| £ | £ | £ | £ | ||
| INCOMING RESOURCES | |||||
| Incoming Resources from Generated Funds | |||||
| Grants | 2 | 63,882 | 72,754 | ||
| Investment Income – Interest Received | 31 | 20 | |||
| 63,913 | 72,774 | ||||
| Incoming Resources from Charitable Activities | |||||
| Usage Fees | 3 | 167,185 | 132,696 | ||
| Other Incoming Resources | 4 | 41,492 | 26,659 | ||
| 208,677 | 159,355 | ||||
| Total Incoming Resources | 272,590 | 232,129 | |||
| Resources Expended | |||||
| Direct Charitable Expenditure | 5 | 257,866 | 239,439 | ||
| Management & Administration | 6 | 22,199 | 14,662 | ||
| Total Resources Expended | 280,065 | 254,101 | |||
| Net Resource Expended and Movement of Funds | (7,475) | (21,972) | |||
| Balance Brought Forward | 34,384 | 56,356 | |||
| Balance Carried Forward | 26,909 | 34,384 |
All funds are unrestricted.
5
CALON TYSUL
BALANCE SHEET 31 March 2023
| 31 March | 31 March | 31 March | 31 March | ||
|---|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | ||
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 7 | - | - | ||
| CURRENT ASSETS | |||||
| Stock | - | - | |||
| Debtors | 8 | 13,664 | 5,942 | ||
| Cash at Bank and in Hand | 34,860 | 49,422 | |||
| CREDITORS:amounts falling due within one year | 9 | (21,615) | (20,980) | ||
| NET CURRENT ASSETS | 26,909 | 34,384 | |||
| NET ASSETS | 26,909 | 34,384 | |||
| CAPITAL AND RESERVES | |||||
| Accumulated Surplus | 26,909 | 34,384 | |||
| SHAREHOLDERS’ FUNDS | 26,909 | 34,384 |
The notes on pages 7 to 11 form part of these financial statements.
These financial statements were approved by the board of management on 2023 and were signed on its behalf by :
Chairperson
6
CALON TYSUL
NOTES TO THE ACCOUNTS Year ended 31 March 2023
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 | |
| 2023 | 2022 | |
| £ | £ | |
| Grants | 46,000 | 56,671 |
| Other Government Grants | 8,000 | 5,000 |
| Free Swims | 4,162 | 4,163 |
| School Swimming Lessons | 5,720 | 6,920 |
| 63,882 | 72,754 |
7
CALON TYSUL
NOTES TO THE ACCOUNTS Year ended 31 March 2023
3 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
| Usage Fees Private Hire Admissions Courses Events Lessons Membership Income Sundries |
31 March 2023 £ 24,023 19,603 1,850 1,715 91,802 27,642 550 167,185 |
31 March 2022 £ 16,549 20,478 2,700 2,268 65,235 25,207 259 |
|---|---|---|
| 132,696 |
4 OTHER INCOMING RESOURCES
| Donation and Sponsored Events Shop Sales |
Unrestricted Funds 31 March 2023 £ 31 March 2022 £ 39,899 23,856 1,593 2,803 41,492 26,659 |
Unrestricted Funds 31 March 2023 £ 31 March 2022 £ 39,899 23,856 1,593 2,803 41,492 26,659 |
|---|---|---|
| 26,659 |
8
CALON TYSUL
NOTES TO THE ACCOUNTS Year ended 31 March 2023
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 2023 £ 126,376 4,875 1,674 72,986 46,155 3,458 2,342 - 257,866 |
31 March 2022 £ 136,806 4,952 2,258 60,851 26,231 5,235 2,938 168 |
|---|---|---|
| 239,439 |
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 2023 £ 31 March 2022 £ 4,678 4,883 974 876 92 253 - 1,091 818 938 543 542 - - 15,094 6,079 22,199 14,662 |
Unrestricted Funds 31 March 2023 £ 31 March 2022 £ 4,678 4,883 974 876 92 253 - 1,091 818 938 543 542 - - 15,094 6,079 22,199 14,662 |
|---|---|---|
| 14,662 |
9
CALON TYSUL
NOTES TO THE ACCOUNTS Year ended 31 March 2023 7 FIXED ASSETS
| Swimming Pool £ Furniture, Fixtures & Fittings £ Computer Equipment £ Plant & Equipment £ Cost As at 31stMarch 2022 55,300 125,383 1,755 345 Additions - - - - Disposals - - - - As at 31stMarch 2023 55,300 125,383 1,755 345 Depreciation As at 31stMarch 2022 55,300 125,383 1,587 345 Charge for year - - 168 - As at 31stMarch 2023 55,300 125,383 1,755 345 Net Book Value As at 31stMarch 2022 - - 168 - As at 31stMarch 2023 - - - - |
Total £ 182,783 - |
|---|---|
| 182,783 | |
| 182,615 168 |
|
| 182,783 | |
| 168 | |
| - |
8 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade Debtors Other Debtors VAT Prepayments |
31 March 2023 £ 13,664 - - - 13,664 |
31 March 2022 £ 5,791 - 151 - |
|---|---|---|
| 5,942 |
10
CALON TYSUL
NOTES TO THE ACCOUNTS Year ended 31 March 2023
9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Trade Creditors PAYE Payable Deferred Grant Income Other Creditors VAT |
31 March 2023 £ 17,955 1,905 - 858 897 21,615 |
31 March 2022 £ 12,449 4,859 - 3,672 - |
| 20,980 |
11