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← Jubilee Park Woodhall Spa Limited

2024-12-31-accounts

REGISTERED COMPANY NUMBER: 08912577 (England and Wales) REGISTERED CHARITY NUMBER: 1159068

Report of the Trustees and

Financial Statements

for the Year Ended 31 December 2024

for

Jubilee Park Woodhall Spa Limited

Wright Vigar Limited Statutory Auditors 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 2024

Page
Report of the Trustees 1 to 5
Report of the Independent Auditors 6 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 18
Detailed Statement of Financial Activities 19 to 20

Jubilee Park Woodhall Spa Limited

Report of the Trustees for the Year Ended 31 December 2024

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 2024. 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 Trustees and operational team have successfully benefitted our community by managing, promoting, and opening Jubilee Park as a swimming pool, leisure, sports & recreation facility since it was formed eleven years ago. We offer wide ranging support to our local communities. Our park and facilities have remained open 363 days during the year, ensuring we were an available and accessible facility for all.

Not surprisingly, like all of us, the swimming pool and fitness suite have continued to face significant increases in costs during 2024. New pricing structures have allowed the charity to remain viable.

Our charitable objects have remained at the forefront of our work. We have successfully sought donors for over 332 free 'Donate A Swim' vouchers for those who wouldn't otherwise be able to access the pool facility and the wellbeing benefits that brings.

We are proud to have worked with the NHS, Public Health Lincolnshire and third sector partners to support the GP and self-referral programme led by One You Lincolnshire, the provider of Integrated Lifestyle Service. We have supported 181 individuals, via the One You Lincolnshire programme, increasing their physical activity and helping them achieve a healthier lifestyle. We continue to promote health & fitness to keep all our community active.

Throughout the last financial year, we have worked closely with primary schools in the charity's area. We have supported schools to deliver their curriculum by subsidising group swimming lessons where necessary and in addition we have offered water safety training to enable children to have lifelong water skills and a positive perception of physical activity

.

The park remains a much loved and well used community feature. The children's play park is the only one in Woodhall Spa open to the public and it has been solely maintained by the charity during this financial period. We believe that play is the key to promoting essential life skills.

Jubilee Park is made up of 10 acres of picturesque, ornamental gardens including a bandstand, motorhome and seasonal facilities, children's play area, sensory garden, bowling green, croquet lawns, a café, and our heated outdoor swimming pools. We strongly believe this results in a destination our community has civic pride in and a place where leisure activities are open to all and in which memories are made.

Page 1

Jubilee Park Woodhall Spa Limited

Report of the Trustees for the Year Ended 31 December 2024

OBJECTIVES AND ACTIVITIES

o We hosted 7 sensory swim session.

o We support family and community carers by gifting free access to our pools.

o We had an average of 200 children attend our weekly swim school throughout the year.

o We had 5 local primary schools attend for swimming lessons from April - September 2024

o 1560 programmed fitness classes have been delivered, and we still have demand to increase these.

o Our new arboretum project was completed in 2024

o We extended the swimming pool season on a reduced programme from 22 September to 1 November. This enabled us to keep our swimming community active for longer.

o We started the development of the pool covers and solar panel project with the £57,000 grant from the Swimming Pool Support Fund, Sport England.

o We introduced a new family Halloween event in the pool. This event hosted paid and funded families as Jubilee Park worked in collaboration with Woodhall Spa Food Bank

o We offer a small sensory garden.

o Local artists have had the opportunity to perform live in our historic bandstand on a several occasions.

We celebrated our 10th Anniversary by hosting a free community day. We particularly celebrated the contributions our volunteers had made to the park.

The financial results for 2024 show a small loss of £11,111 which has slightly reduced our reserves to £553,192. This includes cash balances of £407,721. Of these funds, £353,000 are allocated to specific future developments within the Park to increase our gym and exercise class capacity. The amount has reduced from £372,000 in 2023 after the inception of a planned capital expenditure project, the new Dome. The Dome project is to be completed in 2025 and will facilitate the charity to be more sustainable in line with its charitable aims. These are not Restricted Funds within the legal definition but they have been ring-fenced by the Trustees for these specific purposes and are not regarded as being available for general operational purposes.

We have also continued to receive private donations which are essential to enable us to continue our work, and our sincere thanks go to the following organisations for their generous support:

STA Swimming lesson grant, Active Lincolnshire, Horncastle Health and Wellbeing Fund, Lincolnshire Coop, UK SPFS, Zodiac, for donating a new pool hoover.

Our finance reserves are based on what is required for cyclical maintenance reserves and dissolution.

The responsibility for managing charity property held in the name of the Official Custodian remains wholly with Jubilee Parks trustees.

In the previous year long term trustees recruited new trustees with wide-ranging skillsets as part of the planned succession to ensure the board has the breadth of knowledge and skills needed to deliver the charity's aims and ambitions in the future. In 2024 this intake has reviewed and where necessary enhanced good governance and will support the growth and development of Jubilee Park in the coming years.

Reflecting on the last year we would like to take the opportunity to thank everyone who continues to support us. As we celebrated our 10-year anniversary in 2024 we are proud of the contribution that Jubilee Park gives to our community.

Reference and administration details

Jubilee Park, Stixwould Road, Woodhall Spa, Lincolnshire, LN10 6QH.

Deberah Bollard, Philip Cushen, Stephanie Simpson, Nikki Cooke, Julie Pole (retired) Amarylis Midgeley (retired and now deceased), Emma Tatlow, Kieran Delaney, Kim Barr (deceased)

2025 Melanie Reynolds, Nicholas Bonser, Andrew Hunter, Nicholas Pennock.

Page 2

Jubilee Park Woodhall Spa Limited

Report of the Trustees for the Year Ended 31 December 2024

OBJECTIVES AND ACTIVITIES

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 2024 was £553,192 (£564,303 in 2023) - 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.

Recruitment and appointment of new trustees

The Charity may by ordinary resolution:

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:

(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.

Page 3

Jubilee Park Woodhall Spa Limited

Report of the Trustees for the Year Ended 31 December 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

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; (j) 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;

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 (resigned 24.1.25) A Midgley (resigned 23.5.24) J Pole (resigned 23.5.24) D A Bollard K Brine (resigned 23.8.24) N Cooke E Tatlow S Simpson (appointed 1.1.24) P Cushen (appointed 23.5.24) K S Delaney (appointed 23.5.24)

Page 4

Jubilee Park Woodhall Spa Limited

Report of the Trustees for the Year Ended 31 December 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Auditors

Wright Vigar Limited Statutory Auditors Chartered Accountants & Business Advisers Northgate House Northgate Sleaford Lincolnshire NG34 7BZ

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Jubilee Park Woodhall Spa Limited for the purposes of company law) 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).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Wright Vigar Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 11 June 2025 and signed on the board's behalf by:

DA Bollard

DA Bollard (Jun 11, 2025 16:23 GMT+2)

D A Bollard - Trustee

Page 5

Report of the Independent Auditors to the Members of Jubilee Park Woodhall Spa Limited

Opinion

We have audited the financial statements of Jubilee Park Woodhall Spa Limited (the 'charitable company') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Page 6

Report of the Independent Auditors to the Members of Jubilee Park Woodhall Spa Limited

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Sewell

James Sewell (Jun 11, 2025 21:09 GMT+1)

James Sewell BA (Hons) FCA CTA (Senior Statutory Auditor) for and on behalf of Wright Vigar Limited Statutory Auditors Chartered Accountants & Business Advisers Northgate House Northgate Sleaford Lincolnshire NG34 7BZ

11 June 2025

Page 7

Jubilee Park Woodhall Spa Limited

Statement of Financial Activities

for the Year Ended 31 December 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Caravan Site
Sports & Park Activities
General
Events
Courses
Other trading activities
3
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Caravan Site
Sports & Park Activities
General
Events
Courses
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
44,008
199,570
654,091
21,967
69,836
27,072
767
1,017,311
47,053
145
61,088
876,833
22,299
4,976
16,028
1,028,422
(11,111)
564,303
553,192		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Total
funds
£
44,008
199,570
654,091
21,967
69,836
27,072
767
1,017,311
47,053
145
61,088
876,833
22,299
4,976
16,028
1,028,422
(11,111)
564,303
553,192		 2023
Total
funds
£
285,851
211,852
660,014
18,408
78,032
21,802
971
1,276,930
41,005
604
100,777
829,091
28,201
4,887
16,028
1,020,593
256,337
307,966
564,303

The notes form part of these financial statements

Page 8

Jubilee Park Woodhall Spa Limited

Balance Sheet

31 December 2024

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Stocks
13
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
16
NET ASSETS
FUNDS
18
Unrestricted funds
TOTAL FUNDS		 Unrestricted
funds
£
449,371
7,329
62,932
407,721
477,982
(102,953)
375,029
824,400
(271,208)
553,192		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-		 2024
Total
funds
£
449,371
7,329
62,932
407,721
477,982
(102,953)
375,029
824,400
(271,208)
553,192
553,192
553,192		 2023
Total
funds
£
486,231
12,315
33,790
443,834
489,939
(116,520)
373,419
859,650
(295,347)
564,303
564,303
564,303

The financial statements were approved by the Board of Trustees and authorised for issue on 11 June 2025 and were signed on its behalf by:

DA Bollard

DA Bollard (Jun 11, 2025 16:23 GMT+2)

D A Bollard - Trustee

The notes form part of these financial statements

Page 9

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		 2024
2024
£
9,261
(16,028)
(6,767)
(5,206)
(5,206)
(24,140)
(24,140)
(36,113)
443,834
407,721		 2023
£
265,650
(16,028)
249,622
(27,469)
(27,469)
(24,140)
(24,140)
198,013
245,821
443,834

The notes form part of these financial statements

Page 10

Jubilee Park Woodhall Spa Limited

Notes to the Cash Flow Statement for the Year Ended 31 December 2024

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
Decrease/(increase) in stocks
Increase in debtors
Decrease in creditors
Net cash provided by operations		 2024
£
(11,111)
42,067
16,028
4,986
(29,142)
(13,567)
9,261		 2023
£
256,337
44,431
16,028
(3,424)
(15,085)
(32,637)
265,650

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£ £ £
Net cash
Cash at bank and in hand 443,834 (36,113) 407,721
443,834 (36,113) 407,721
Debt
Debts falling due within 1 year (24,140) - (24,140)
Debts falling due after 1 year (295,347) 24,139 (271,208)
(319,487) 24,139 (295,348)
Total 124,347 (11,974) 112,373

The notes form part of these financial statements

Page 11

Jubilee Park Woodhall Spa Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Government grants

Government grants are treated on an accruals basis.

Page 12

continued...

Jubilee Park Woodhall Spa Limited

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

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
Miscellaneous income
General
Bank interest
General
Cafe rent income
General
Gift vouchers
General
Events
Events
Course sales
Courses
5.
RAISING FUNDS
Other trading activities
Opening stock
Closing stock
Depreciation		 2024
£
44,008
2024
£
44,008
2024
£
767
2024
£
198,930
287
353
1,902
73
275,906
19,333
4,658
111,866
6,480
1,972
231,901
-
14,817
7,020
130
69,836
27,072
972,536
2024
£
12,318
(7,332)
42,067
47,053		 2023
£
285,851
2023
£
285,851
2023
£
971
2023
£
211,131
448
273
70
390
285,909
19,381
4,415
120,254
8,280
1,305
220,010
3,162
8,226
7,020
-
78,032
21,802
990,108
2023
£
8,891
(12,318)
44,432
41,005

Page 13

continued...

Jubilee Park Woodhall Spa Limited

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

6. CHARITABLE ACTIVITIES COSTS

Caravan Site
Sports & Park Activities
General
Events
Courses
7.
SUPPORT COSTS
General
8.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases		 Support
Direct
costs (see
Costs
note 7)
£
£
145
-
61,088
-
860,408
16,425
22,299
-
4,976
-
948,916
16,425
Governance
Finance
costs
£
£
532
15,893
2024
£
42,067
644		 Totals
£
145
61,088
876,833
22,299
4,976		 Totals
£
145
61,088
876,833
22,299
4,976
965,341
Totals
£
16,425
2023
£
44,430
-

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

10. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Employees		 2024
£
566,690
566,690
2024
41		 2023
£
518,655
518,655
2023
41

No employees received emoluments in excess of £60,000.

Page 14

continued...

Jubilee Park Woodhall Spa Limited

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
285,851
Charitable activities
Caravan Site
211,852
Sports & Park Activities
660,014
General
18,408
Events
78,032
Courses
21,802
Other trading activities
971
Total
1,276,930
EXPENDITURE ON
Raising funds
41,005
Charitable activities
Caravan Site
604
Sports & Park Activities
100,777
General
829,091
Events
28,201
Courses
4,887
Other
16,028
Total
1,020,593
NET INCOME
256,337
RECONCILIATION OF FUNDS
Total funds brought forward
307,966
TOTAL FUNDS CARRIED FORWARD
564,303
12.
TANGIBLE FIXED ASSETS
Improvements
to
property
£
COST
At 1 January 2024
493,991
Additions
-
At 31 December 2024
493,991
DEPRECIATION
At 1 January 2024
84,799
Charge for year
24,700
At 31 December 2024
109,499
NET BOOK VALUE
At 31 December 2024
384,492
At 31 December 2023
409,192		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Plant and
machinery
£
112,928
749
113,677
64,037
12,410
76,447
37,230
48,891		 Total
funds
£
285,851
211,852
660,014
18,408
78,032
21,802
971
1,276,930
41,005
604
100,777
829,091
28,201
4,887
16,028
1,020,593
256,337
307,966
564,303
Fixtures
and
fittings
£
11,504
-
11,504
457
575
1,032
10,472
11,047

Page 15

continued...

Jubilee Park Woodhall Spa Limited

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

12. TANGIBLE FIXED ASSETS - continued

COST
At 1 January 2024
Additions
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
13.
STOCKS
Stocks
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
VAT
Prepayments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 17)
Other loans (see note 17)
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income		 Motor
vehicles
£
17,315
-
17,315
15,294
505
15,799
1,516
2,021		 Computer
equipment
£
24,327
4,458
28,785
9,247
3,877
13,124
15,661
15,080
2024
£
7,329
2024
£
12,902
1,361
48,669
62,932
2024
£
10,021
14,119
29,096
5,326
-
3,487
40,904
102,953		 Totals
£
660,065
5,207		 Totals
£
660,065
5,207
665,272
173,834
42,067
215,901
449,371
486,231
2023
£
12,315
2023
£
16,679
-
17,111
33,790
2023
£
10,021
14,119
27,267
8,951
441
6,579
49,142
116,520

Page 16

continued...

Jubilee Park Woodhall Spa Limited

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 17)
Other loans (see note 17)
17.
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
18.
MOVEMENT IN FUNDS
At 1.1.24
£
Unrestricted funds
Unrestricted General
564,303
TOTAL FUNDS
564,303
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
Unrestricted General
1,017,311
TOTAL FUNDS
1,017,311
Comparatives for movement in funds
At 1.1.23
£
Unrestricted funds
Unrestricted General
307,966
TOTAL FUNDS
307,966		 2024
£
5,012
266,196
271,208
2024
£
10,021
14,119
24,140
5,012
266,196
271,208
Net
movement
in funds
£
(11,111)
(11,111)
Resources
expended
£
(1,028,422)
(1,028,422)
Net
movement
in funds
£
256,337
256,337		 2023
£
15,033
280,314
295,347
2023
£
10,021
14,119
24,140
15,033
280,314
295,347
At
31.12.24
£
553,192
553,192
Movement
in funds
£
(11,111)
(11,111)
At
31.12.23
£
564,303
564,303

Page 17

continued...

Jubilee Park Woodhall Spa Limited

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Unrestricted General
TOTAL FUNDS		 Incoming
resources
£
1,276,930
1,276,930		 Resources
expended
£
(1,020,593)
(1,020,593)		 Movement
in funds
£
256,337
256,337

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
Unrestricted General
TOTAL FUNDS		 At 1.1.23
£
307,966
307,966		 Net
movement
in funds
£
245,226
245,226		 At
31.12.24
£
553,192
553,192

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

19.

Unrestricted funds
Unrestricted General
TOTAL FUNDS
CAPITAL COMMITMENTS
Contracted but not provided for in the financial statements		 Incoming
resources
£
2,294,241
2,294,241		 Resources
expended
£
(2,049,015)
(2,049,015)
2024
£
37,173		 Movement
in funds
£
245,226
245,226
2023
£
-

Contracted but not provided for in the financial statements

20. RELATED PARTY DISCLOSURES

During the year businesses controlled by trustees received payments for work done amounting to £nil (2023 - £594). Parties related to trustees received wages of £26,041 (2023 - £16,515). Trustees carrying out essential staff roles within the business received wages of £nil (2023 - £2,673).

Page 18

Jubilee Park Woodhall Spa Limited

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

INCOME AND ENDOWMENTS
Donations and legacies
Grants
Other trading activities
Social lotteries
Charitable activities
Caravan pitches
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
Course sales
Gift vouchers
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
Other operating leases
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Computers and software
Cleaning
Carried forward		 2024
£
44,008
767
198,930
1,902
73
275,906
19,333
69,836
4,658
111,866
6,480
-
14,817
7,020
1,972
231,901
287
353
27,072
130
972,536
1,017,311
12,318
24,700
12,410
575
505
3,877
(7,332)
47,053
566,690
644
29,061
14,740
127,096
4,047
1,499
8,913
9,384
3,323
5,808
771,205		 2023
£
285,851
971
211,131
70
390
285,909
19,381
78,032
4,415
120,254
8,280
3,162
8,226
7,020
1,305
220,010
448
273
21,802
-
990,108
1,276,930
8,891
24,700
15,276
428
674
3,354
(12,318)
41,005
518,655
-
14,797
13,843
125,276
4,479
2,656
6,682
13,665
3,882
7,243
711,178

This page does not form part of the statutory financial statements

Page 19

Jubilee Park Woodhall Spa Limited

Charitable activities
Brought forward
Premises expenses
Purchases
Events expenses
Waste disposal
Motor expenses
Ground maintenance
Pool & fitness suite maint
Subscriptions
Card terminal costs
Course expenses
Gym class expenses
Pool hire
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 2024		 2024
£
771,205
12,958
14,541
16,345
18,564
4,855
9,535
38,922
21,000
22,291
4,976
1,500
12,224
948,916
16,028
532
15,893
1,028,422
(11,111)		 2023
£
711,178
22,885
24,199
15,237
13,155
4,247
21,572
76,996
18,764
23,439
4,887
2,040
12,758
951,357
16,028
795
11,408
1,020,593
256,337

This page does not form part of the statutory financial statements

Page 20