2023-03-31-accounts - Wigton Baths Trust

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Failure tosecure addiTional revenue tocover		Financial Risk	Financial Risk	Subgmup to apply for grants and
operating costs due to reducbon in Revenue	Grants &			other financial support;
increase in utility expenditure. The loss ofGrant				Regular review ofenergy
funding requires more sustainable appnmch	Iobe			consumption and ongoing
developed to prevent dosure ofswimming pool hours				intervenfions being addressed.
An accident or other health/safety Incident occumng		Operafional	Risk	Regular Health 8 Safety checks are
atthe pool during the course ofits operation				cerned by Pool Staff, and updates
				ieportsd to Trustees Stalf follow
				dear pod operating procedures.
insulficient members ofthe public using the pool		Financial Risk		improved promotional plan &
leading to poor income generafion				communication with public via social
				media, website and newsletters

				Unmstrlcted	Restricted	Endowment	Total Funds	Total Funds
				Funds	Funds	Funds	2023	2022
			Note	6	K	6
Income snd endowments		from:
Donations and legacies			2	31,510	89,259		120,769	73,749
Other trading acsvities			3	6,598			6,598	5,927
Investments			4	120			120	6
Charitable activities			5	120,203			120,203	113,009
Total income and endowinents				158,431	89,259		247,690	192,691
Expenditure on:
Raising funds				715			715	697
Charitable activiTies				191,860	5.521		197,381	175,988
Total expenditure				192,575	5,521		198,096	176,685
Net income before	trensfem			(34,144)	83,738		49,594	16,006
Transfers
Transfem between	funds			89,531	(89,531)
Net movemenls in funds				55,387	(5,793)		49,594	16,006
Reconciliation offunds
Total funds brought	forward			97,129	9,222	50,000	156,351	140,345
Total funds cerned	forward			52. 15	3,425	55.DDD	205,945	156,351

			2023		2022
Fixed assets
Tangibh assets		12		172,895	85,981
Current assets
Stocks and work in progress			300		200
Debtors		13	3,119		3,741
Cash at bank and in hand			44,368		74,111
			47,787		78,052
Creditors: Amounts one year	falling due within	14	(14,737)		(7,682)
Nst current assets				33,050	70,370
Nst assets				205,945	156,351
The funds ofthe charity:
Endowment funds				50,000	50,000
Restricted funds				3,429	9,222
Unrestricted funds
Unrestricted income	funds			152,516	97,129
Total charity funds				205,945	156,351
For the financial year ended 31 March 2023,		the charity	was entitled to	exemption	from audit under section 477 of
the Companies Act2006.

		Unrestricted	Restricted	Endowment	Total Funds	Total Funds
		Funds f	Funds 8	Funds f	2023 8	2022 K
Other	income	2.945			2,945	1,847
Sale	ofgoods	3,653			3,653	4,080
		6,598			6,598	5,927

	Unmstricted	Restricted	Endowment	Total Funds	Total Funds
	Funds	Funds	Funds	2023	2022
			8	8	8
Pool admissions	84,285			84,285	60,700
Lessons and dubs	35,918			35,918	52,309
	120,203			120,203	113,009

Expenditure
		Running
	Fundraising	Wigton	Total	Total
		Baths	2023	2022
Direct costs
Fundraising costs	715	25	740	697
Purchases		3,431	3,431	4,080
Wages and salaries		126,389	126,389	110,430
Staff NIC (Employers)		882	882	868
Staff pensions		1,688	1,688	1,401
Staff training		1,372	1,372	1,763
Insurance		4,914	4,914	3,358
Light, heat and power		27,519	27,519	28,444
Repairs and maintenance		12,352	12,352	10,137
Chemical costs		978	978	2,286
Swimming equipment		223	223	305
Telephone snd fax		1,559	1,559	563
Advertising		53	53
	715	181,385	182,100	164,332
Supportcosts
Printing, postage and stationery		674	674	514
Sundry expenses		1,969	1,969	2,408
Accountancy fees		3,047	3,047	3,644
Independent examiner's fee		660	660	660
Legal and professional fees		1,596	1,596
Bank charges		1,634	1,634	816
Depreciation offixtures and fittings		6416	6416	4,311
		15,996	15,996	12,353
	715	197,381	198,096	176,685

		Freehold	Fixtures,
		Interest in land	fittings and
		and buildings	equipment	Total
			6	6
Cost
As at 1 April 2022		61,254	55,776	117,030
Additions			93,330	93,330
As at 31 March 2023		61,254	149,106	210,360
Depreciation
As at 1 April 2022			31,047	31,047
Charge for the year			6,418	6,418
As at 31 March 2023			37,465	37,465
Net book value
As at 31 March 2023		61,254	111,641	172,895
As at 31 March 2022		61,254	24,729	85,983
Debtors
			2023	2022
			6
Prepayments and accrued income			3,119	3,741
Creditors: Amounts	falling due within one year
			2023	2022
Trade creditors			8,217
Taxation and social security			874	1,440
Other creditors				285
Accruals and deferred	income		5,646	5,957
			14,737	7,682

	At 1Aprg	Incoming	Resources		At 31 INarch
	2022	msources	expended	Transfers	2023
General Funds
Unrestricted income fund	97,129	158,431	(192,575)	89,531	152,516
Restricted Funds
Cumbria County Council		3,429			3,429
Allerdale Borough
Council	5,580		(1,879)	(3,701)
Joyce Wilkinson Charitable Trust		4,630		(4,630)
Co-op	3,642		(3,642)
Sport England		81,200		(81,200)
	9,222	89,259	(5,521)	(89,531)	3,429
Endowment Funds
Wigton Baths Fund	50,000				50,000
	8.	247 680	(19.8.IIM)		205,945

	Unrestricted	Restricted	Endowment	Total Funds	Total Funds
	Funds	Funds	Funds	&22	2021
	f		f		f
Tangible assets	35,981		50,000	85,981	89,392
Current assets	68,830	9,222		78,052	55,353
Creditors:
Arbocnts falling due within one	(7,682)			(7,682)	(4,400)
year Net assets	9, 20	9,222	50.000	156,351	140,345