**REGISTERED COMPANY NUMBER: 08912577 (England and Wales) REGISTERED CHARITY NUMBER: 1159068**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 December 2022**
**for**
**Jubilee Park Woodhall Spa Limited**
Wright Vigar Limited Chartered Accountants & Business Advisers Northgate House Northgate Sleaford Lincolnshire NG34 7BZ
**Jubilee Park Woodhall Spa Limited**
## **Contents of the Financial Statements for the Year Ended 31 December 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Cash Flow Statement**||7||
|**Notes to the Cash Flow Statement**||8||
|**Notes to the Financial Statements**|9|to|16|
|**Detailed Statement of Financial Activities**|17|to|18|
**Jubilee Park Woodhall Spa Limited**
## **Report of the Trustees for the Year Ended 31 December 2022**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 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 and aims**
To further or benefit the residents of Woodhall Spa Parish and its environs (hereinafter called the "area of benefit") without distinction of sex, sexual orientation, race, disability or political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the condition of life for the residents.
In furtherance of these objectives but not otherwise, the trustees shall have power:
To manage, promote and sustain Jubilee Park as a swimming, leisure, sports & recreation facility available to the benefit of the whole community, principally but not exclusively in the local government area of Woodhall Spa Parish and its environs (hereinafter called the "area of benefit").
To promote health & fitness in the community in particular but not exclusively through the provision of swimming, sports and health related training and coaching.
To promote, organise and facilitate co-operation and partnership working between third sector, statutory and other relevant bodies in the achievement of the above purposes within the area of benefit.
## **Charitable activities**
The charity was established in 2014 by Jubilee Park Woodhall Spa Ltd. The trustees have since then continually maintained and enhanced the facilities which hosts community events and provides a central hub for the whole community to enjoy.
Financially, our reserves were used during 2022 to complete a range of projects and maintenance tasks that have been put on hold for the past 24 months, a few which are reaching critical attention stage. We returned a deficit of £128,356 during 2022 (£186,443 in 2021) of which essential maintenance and enhancement projects accounted for £109,534 & utility costs for £81,906 of expenses.
We remain committed to ensuring that Jubilee Park continues to be able to weather financial storms and are extremely grateful to the local community for their continued support.
## **Public benefit**
In the furtherance of the objects of the charity, the Trustees have had due regard to Charity Commission general guidance on public benefit.
## **STRATEGIC REPORT**
## **Reserves policy**
The Trustees review the reserve levels of the charity annually. The charity's level of free reserves at 31 December 2022 was £307,966 (£436,322 in 2021) - a sum that had accumulated over many years and was used as commented above. The reason for reserves being accumulated is to provide sufficient working capital to cover delays between spending and receipt of monies and to provide a cushion to deal with unexpected issues such as urgent maintenance and renovation work, the cost of which can be significant.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 1
**Jubilee Park Woodhall Spa Limited Report of the Trustees for the Year Ended 31 December 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees**
The Charity may by ordinary resolution:
- appoint a person who is willing to act to be a Trustee; and
- determine the rotation in which any additional Trustees are to retire
No person other than a Trustee retiring by rotation may be appointed as a Trustee at any general meeting unless:
(1) he or she is recommended for re-election by the Trustees; or
(2) not less than fourteen nor more than thirty-five clear days before the date of the meeting, the Charity is given a notice that:
(a) is signed by a member entitled to vote at the meeting;
(b) states the member's intention to propose the appointment of a person as a Trustee
(c) contains the details that, if the person were to be appointed, the Charity would have to file at Companies House; and
(d) is signed by the person who is to be proposed to show his or her willingness to be appointed.
All members who are entitled to receive notice of a general meeting must be given not less than seven nor more than twenty-eight clear days' notice of any resolution to be put to the meeting to appoint a trustee other than a trustee who is to retire by rotation.
The trustees may appoint up to four persons who are willing to act, to be Trustees.
A Trustee appointed by a resolution of the other Trustees must retire at the next annual general meeting and must not be taken into account in determining the Trustees who are to retire by rotation.
The appointment of a Trustee, whether by the Charity in general meeting or by other Trustees, must not cause the number of Trustees to exceed any fixed number as the maximum number of Trustees.
## **Power**
In addition to any powers it may have, the Charity has the following powers in order to further the Objects (but not for any other purpose):
(a) to buy, take on lease or in exchange, hire or otherwise acquire any property and to maintain and equip it for use;
(b) to lease or sub-lease all or any part of the property belonging or leased to the Charity. In exercising this power, the Charity must comply as appropriate with sections 117-123 of the Charities Act 2011;
(c) to make grants, donations or loans of money and to give or receive guarantees;
(d) to negotiate, make, accept, discount or otherwise deal in any negotiable instruments;
(e) to borrow money and to charge the whole or any part of the property belonging or leased to the Charity as security for repayment of the money borrowed. The Charity must comply as appropriate with sections 124-126 of the Charities Act 2011 if it wishes to mortgage land;
(f) to co-operate with other charities, third sector bodies and statutory authorities and to exchange information and advice with them;
(g) to promote or carry out research and publish the useful results;
(h) to publish and distribute information and hold meetings, lectures and conferences;
(i) to carry out the objects whether as principal or agent and whether alone or with others;
0) to establish or support any charitable trusts, associations or institutions formed by any of the charitable purposes included in the Objects;
(k) to acquire, merge with or to enter into any partnership or joint venture arrangement with any other charity formed for any of the Objects;
(I) to set aside income as a reserve against future expenditure but only in accordance with a written policy about reserves;
(m) to employ and remunerate such staff as are necessary for carrying out the work of the Charity. The Charity may employ or remunerate a Trustee only to the extent it is permitted to do so by Article 12 and provided it complies with the conditions in that Article.
(n) to:
(i) deposit or invest funds;
(ii) employ a professional fund-manager; and
(iii) arrange for the investments or other property of the Charity to be held in the name of a nominee; In the same manner and subject to the same conditions as the trustees of a trust are permitted to do by the Trustee Act 2000;
(o) to provide indemnity insurance for the Trustees or any other officer of the Charity in relation to any such liability as is mentioned in Article 5(2), but subject to the restrictions specified in Article 5(3);
(p) to pay out of the funds of the Charity the costs of forming and registering the Charity both as a company and as a charity;
(q) to do all such other lawful things as are necessary for the achievement of the Objects;
The senior management team are:
Jon Finley Chief Executive Officer Joe Stanhope Operations Director Paul Smith Finance Director Rachael Meller Deputy Manager
Page 2
**Jubilee Park Woodhall Spa Limited**
**Report of the Trustees for the Year Ended 31 December 2022**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 08912577 (England and Wales)
**Registered Charity number** 1159068
## **Registered office**
Jubilee Park Stixwould Road Woodhall Spa Lincolnshire LN10 6QH
## **Trustees**
K Barr E T Brealey J J Finley (resigned 1.9.22) H Hoodless A Midgley T Peacock J Pole D A Bollard (appointed 6.12.22) K Brine (appointed 6.12.22)
## **Independent Examiner**
Wright Vigar Limited Chartered Accountants & Business Advisers Northgate House Northgate Sleaford Lincolnshire NG34 7BZ
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by: 06/06/2023
........................................................................ T J Peacock (Jun 6, 2023 14:47 GMT+1)T J Peacock
T Peacock - Trustee
Page 3
**Independent Examiner's Report to the Trustees of Jubilee Park Woodhall Spa Limited**
## **Independent examiner's report to the trustees of Jubilee Park Woodhall Spa Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
James Sewell BA (Hons) FCA CTA
Wright Vigar Limited Chartered Accountants & Business Advisers Northgate House Northgate Sleaford Lincolnshire NG34 7BZ Date: ............................................. 06/06/2023
Page 4
## **Jubilee Park Woodhall Spa Limited**
## **Statement of Financial Activities for the Year Ended 31 December 2022**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
35,372
**Charitable activities**
4
Caravan Site
183,799
Sports & Park Activities
570,984
General
11,739
Events
61,645
Other trading activities
3
1,000
**Total**
864,539
**EXPENDITURE ON**
Raising funds
5
37,793
**Charitable activities**
6
Caravan Site
533
Sports & Park Activities
46,161
General
871,251
Events
25,821
Other
11,336
**Total**
992,895
**NET INCOME/(EXPENDITURE)**
(128,356)
**Transfers between funds**
19
12,220
**Net movement in funds**
(116,136)
**RECONCILIATION OF FUNDS**
Total funds brought forward
424,102
**TOTAL FUNDS CARRIED FORWARD**
307,966|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(12,220)
(12,220)
12,220
-|2022
Total
funds
£
35,372
183,799
570,984
11,739
61,645
1,000
864,539
37,793
533
46,161
871,251
25,821
11,336
992,895
(128,356)
-
(128,356)
436,322
307,966|2021
Total
funds
£
211,612
182,646
471,620
10,788
25,259
660|
|---|---|---|---|
||||902,585|
||||24,604
822
25,706
658,268
6,742
-|
||||716,142|
||||186,443
-|
||||186,443
249,879|
||||436,322|
The notes form part of these financial statements
Page 5
## **Jubilee Park Woodhall Spa Limited**
## **Balance Sheet**
## **31 December 2022**
|Notes
**FIXED ASSETS**
Tangible assets
13
**CURRENT ASSETS**
Stocks
14
Debtors
15
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
16
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
17
**NET ASSETS**
**FUNDS**
19
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
503,192
8,891
18,705
245,821
273,417
(149,155)
124,262
627,454
(319,488)
307,966|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-|2022
Total
funds
£
503,192
8,891
18,705
245,821
273,417
(149,155)
124,262
627,454
(319,488)
307,966
307,966
-
307,966|2021
Total
funds
£
498,392
4,244
29,310
363,313|
|---|---|---|---|---|
|||||396,867
(107,796)|
|||||289,071|
|||||787,463
(351,141)|
|||||436,322|
|||||424,102
12,220|
|||||436,322|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
- The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 06/06/2023
> T J Peacock (Jun 6, 2023 14:47 GMT+1)T J Peacock ............................................. T Peacock - Trustee
The notes form part of these financial statements
Page 6
## **Jubilee Park Woodhall Spa Limited**
|**Cash Flow Statement**
**for the Year Ended 31 December**
Notes
**Cash flows from operating activities**
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Net cash used in investing activities
**Cash flows from financing activities**
Loan repayments in year
Net cash used in financing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**Cash Flow Statement**
**for the Year Ended 31 December**|**2022**
2022
£
(30,087)
(11,336)
(41,423)
(47,238)
(47,238)
(28,831)
(28,831)
(117,492)
363,313
245,821|2021
£
219,258
-
219,258
(13,014)
(13,014)
(16,220)
(16,220)
190,024
173,289
363,313|
|---|---|---|---|
The notes form part of these financial statements
Page 7
**Jubilee Park Woodhall Spa Limited**
## **Notes to the Cash Flow Statement for the Year Ended 31 December 2022**
## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest paid
Increase in stocks
Decrease/(increase) in debtors
Increase in creditors
**Net cash (used in)/provided by operations**|2022
£
(128,356)
42,437
11,336
(4,647)
10,605
38,538
(30,087)|2021
£
186,443
28,847
-
(4,244)
(25,599)
33,811
219,258|
|---|---|---|
## **2. ANALYSIS OF CHANGES IN NET DEBT**
||At 1.1.22|Cash flow|At 31.12.22|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|363,313|(117,492)|245,821|
||363,313|(117,492)|245,821|
|**Debt**||||
|Debts falling due within 1 year|(21,319)|(2,821)|(24,140)|
|Debts falling due after 1 year|(351,141)|31,653|(319,488)|
||(372,460)|28,832|(343,628)|
|**Total**|(9,147)|(88,660)|(97,807)|
The notes form part of these financial statements
Page 8
**Jubilee Park Woodhall Spa Limited**
**Notes to the Financial Statements for the Year Ended 31 December 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **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 - 5% on cost Plant and machinery - 25% on reducing balance Fixtures and fittings - 5% on cost Motor vehicles - 25% on reducing balance Computer equipment - 25% on reducing balance and 15% on reducing balance
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation 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 charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Government grants**
Government grants are treated on an accruals basis.
Page 9
continued...
**Jubilee Park Woodhall Spa Limited**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 December 2022**
## **2. DONATIONS AND LEGACIES**
|Grants
Grants received, included in the above, are as follows:
General
**3.**
**OTHER TRADING ACTIVITIES**
Social lotteries
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Caravan pitches
Caravan Site
Caravan shop
Caravan Site
Laundry
Caravan Site
Pool hire
Sports & Park Activities
Tennis
Sports & Park Activities
Swimming
Sports & Park Activities
Pool shop
Sports & Park Activities
Sun lounger
Sports & Park Activities
Swimming lessons
Sports & Park Activities
Aquacise
Sports & Park Activities
Fitness class
Sports & Park Activities
Gym
Sports & Park Activities
Gas
General
Miscellaneous income
General
Bank interest
General
Cafe rent income
General
Events
Events
**5.**
**RAISING FUNDS**
**Other trading activities**
Opening stock
Closing stock
Depreciation|2022
£
35,372
2022
£
35,372
2022
£
1,000
2022
£
183,158
433
208
167
165
288,824
24,482
3,566
101,670
5,706
1,314
145,090
813
830
2,926
7,170
61,645
828,167
2022
£
4,244
(8,888)
42,437
37,793|2021
£
211,612
2021
£
211,612
2021
£
660
2021
£
181,657
989
-
9,578
995
248,468
14,326
1,410
84,877
6,467
991
104,508
2,858
-
3,210
4,720
25,259
690,313
2021
£
-
(4,243)
28,847
24,604|
|---|---|---|
||||
Page 10
continued...
## **Jubilee Park Woodhall Spa Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **6. CHARITABLE ACTIVITIES COSTS**
|Direct
Costs
£
Caravan Site
533
Sports & Park Activities
46,161
General
856,244
Events
25,821
928,759
**7.**
**GRANTS PAYABLE**
General
**8.**
**SUPPORT COSTS**
General
**9.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|Grant
funding of
activities
Support
(see note
costs (see
7)
note 8)
£
£
-
-
-
-
128
14,879
-
-
128
14,879
2022
£
128
Governance
Finance
costs
£
£
1,071
13,808
2022
£
42,438|Totals
£
533
46,161
871,251
25,821|Totals
£
533
46,161
871,251
25,821|
|---|---|---|---|
|||943,766||
||||2021
£
1,404
Totals
£
14,879|
||||2021
£
28,846|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **11. STAFF COSTS**
|Wages and salaries
The average monthly number of employees during the year was as follows:
Employees|2022
£
484,101
484,101
2022
36|2021
£
395,521|
|---|---|---|
|||395,521|
|||2021
32|
No employees received emoluments in excess of £60,000.
Page 11
continued...
## **Jubilee Park Woodhall Spa Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
195,412
**Charitable activities**
Caravan Site
182,646
Sports & Park Activities
471,620
General
10,788
Events
25,259
Other trading activities
660
**Total**
886,385
**EXPENDITURE ON**
Raising funds
24,604
**Charitable activities**
Caravan Site
822
Sports & Park Activities
25,706
General
644,319
Events
6,742
**Total**
702,193
**NET INCOME**
184,192
**RECONCILIATION OF FUNDS**
Total funds brought forward
239,910
**TOTAL FUNDS CARRIED FORWARD**
424,102
**13.**
**TANGIBLE FIXED ASSETS**
Improvements
to
property
£
**COST**
At 1 January 2022
477,643
Additions
16,348
At 31 December 2022
493,991
**DEPRECIATION**
At 1 January 2022
35,806
Charge for year
24,294
At 31 December 2022
60,100
**NET BOOK VALUE**
At 31 December 2022
433,891
At 31 December 2021
441,837|Restricted
fund
£
16,200
-
-
-
-
-
16,200
-
-
-
13,949
-
13,949
2,251
9,969
12,220
Plant and
machinery
£
83,244
14,404
97,648
34,529
14,232
48,761
48,887
48,715||Total
funds
£
211,612
182,646
471,620
10,788
25,259
660|
|---|---|---|---|
||||902,585|
||||24,604
822
25,706
658,268
6,742|
||||716,142|
||||186,443
249,879|
||||436,322|
||||Fixtures
and
fittings
£
-
1,138
1,138
-
29
29
1,109
-|
|||||
|||||
|||||
|||||
|||||
Page 12
continued...
**Jubilee Park Woodhall Spa Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **13. TANGIBLE FIXED ASSETS - continued**
|**COST**
At 1 January 2022
Additions
At 31 December 2022
**DEPRECIATION**
At 1 January 2022
Charge for year
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021
**14.**
**STOCKS**
Stocks
**15.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
VAT
Prepayments
**16.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 18)
Other loans (see note 18)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income|Motor
vehicles
£
17,315
-
17,315
13,722
899
14,621
2,694
3,593|Computer
equipment
£
7,156
15,348
22,504
2,909
2,984
5,893
16,611
4,247
2022
£
8,891
2022
£
3,387
314
15,004
18,705
2022
£
10,021
14,119
12,002
8,945
24,890
79,178
149,155|Totals
£
585,358
47,238|Totals
£
585,358
47,238|Totals
£
585,358
47,238|
|---|---|---|---|---|---|
||||632,596|||
||||86,966
42,438|||
||||129,404|||
||||503,192|||
||||498,392|||
|||||2021
£
4,244
2021
£
4,204
8,635
16,471|2021
£
4,244|
|||||29,310||
|||||2021
£
10,000
11,319
5,523
14,677
19,383
46,894||
||||107,796|||
Page 13
continued...
**Jubilee Park Woodhall Spa Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
|Bank loans (see note 18)
Other loans (see note 18)
**18.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Other loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Other loans - 1-2 years
**19.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
Unrestricted General
**Restricted funds**
Restricted General
**TOTAL FUNDS**
Net movement in funds, included in the above are
**Unrestricted funds**
Unrestricted General
**TOTAL FUNDS**|
At 1.1.22
£
424,102
12,220
436,322
as follows:|Net
movement
in funds
£
(128,356)
-
(128,356)
Incoming
resources
£
864,539
864,539|2022
2021
£
£
25,055
35,097
294,433
316,044
319,488
351,141
2022
2021
£
£
10,021
10,000
14,119
11,319
24,140
21,319
25,055
35,097
294,433
316,044
319,488
351,141
Transfers
between
At
funds
31.12.22
£
£
12,220
307,966
(12,220)
-
-
307,966
Resources
Movement
expended
in funds
£
£
(992,895)
(128,356)
(992,895)
(128,356)|
|---|---|---|---|
Page 14
continued...
**Jubilee Park Woodhall Spa Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **19. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
Unrestricted General
**Restricted funds**
Restricted General
**TOTAL FUNDS**|At 1.1.21
£
239,910
9,969
249,879|Net
movement
At
in funds
31.12.21
£
£
184,192
424,102
2,251
12,220
186,443
436,322|
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|Unrestricted General|886,385|(702,193)|184,192|
|**Restricted funds**||||
|Restricted General|16,200|(13,949)|2,251|
|**TOTAL FUNDS**|902,585|(716,142)|186,443|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
Unrestricted General
**Restricted funds**
Restricted General
**TOTAL FUNDS**|At 1.1.21
£
239,910
9,969
249,879|Net
movement
in funds
£
55,836
2,251
58,087|Transfers
between
funds
£
12,220
(12,220)
-|At
31.12.22
£
307,966
-|
|---|---|---|---|---|
|||||307,966|
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**||||
|Unrestricted General|1,750,924|(1,695,088)|55,836|
|**Restricted funds**||||
|Restricted General|16,200|(13,949)|2,251|
|**TOTAL FUNDS**|1,767,124|(1,709,037)|58,087|
Page 15
continued...
**Jubilee Park Woodhall Spa Limited**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **20. RELATED PARTY DISCLOSURES**
During the year businesses controlled by trustees received payments for work done amounting to £1,755 (2021 - £399). Parties related to trustees received wages of £16,485 (2021 - £32,473). Trustees carrying out essential staff roles within the business received wages of £8,466 (2021 - £9,291).
Page 16
## **Jubilee Park Woodhall Spa Limited**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Grants
**Other trading activities**
Social lotteries
**Charitable activities**
Caravan pitches
Gas
Pool hire
Tennis
Swimming
Pool shop
Events
Sun lounger
Swimming lessons
Aquacise
Miscellaneous income
Bank interest
Cafe rent income
Fitness class
Gym
Caravan shop
Laundry
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Opening stock
Improvements to property
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipment
Closing stock
**Charitable activities**
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Computers and software
Cleaning
Premises expenses
Purchases
Carried forward|2022
£
35,372
1,000
183,158
813
167
165
288,824
24,482
61,645
3,566
101,670
5,706
830
2,926
7,170
1,314
145,090
433
208
828,167
864,539
4,244
24,294
14,232
29
898
2,984
(8,888)
37,793
484,101
16,922
12,309
81,906
2,967
3,537
6,673
13,062
204
7,665
109,534
17,740
756,620|2021
£
211,612
660
181,657
2,858
9,578
995
248,468
14,326
25,259
1,410
84,877
6,467
-
3,210
4,720
991
104,508
989
-
690,313
902,585
-
11,924
10,003
-
1,197
5,723
(4,243)
24,604
395,521
12,762
8,285
65,937
3,078
1,839
6,794
2,808
-
6,896
15,633
15,291
534,844|
|---|---|---|
This page does not form part of the statutory financial statements
Page 17
## **Jubilee Park Woodhall Spa Limited**
|**Charitable activities**
Brought forward
Events expenses
Waste disposal
Motor expenses
Ground maintenance
Pool & fitness suite maint
Subscriptions
Card terminal costs
Gym class expenses
Pool hire
Donation expenditure
**Other**
Other loan interest
**Support costs**
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|**Detailed Statement of Financial Activities**
**for the Year Ended 31 December 2022**|2022
£
756,620
22,512
12,793
5,969
49,786
36,363
12,705
21,762
1,109
9,140
128
928,887
11,336
1,071
13,808
992,895
(128,356)|2021
£
534,844
6,704
10,660
4,411
53,671
36,809
14,698
17,054
695
4,380
1,404|
|---|---|---|---|
|||||
||||685,330
-
804
5,404|
||||716,142|
||||186,443|
This page does not form part of the statutory financial statements
Page 18