Wigton Baths Trust
(A company limited by guarantee)
Annual Report and Financial
Statements
31 March 2024
Company registration number: 08952126
Charlty registration number: 1159069
dOdd&co

Wigton Baths Trust
Contents
Reference and Administrative Details
Trustees, report
Trustees, responsibilities in relalion to the financial statements
Independent examine¢s report
Stalement of financial activities
10
Balance sheet
Notes to the financial statements
12

Wigton Baths Trust
Referenco and Administrative Details
Charity name
Wiglon Baths Trust
Charfty registration number
1159069
Company registration number
08952126
Principal office
Wigton Baths
Stony Banks Lane
WIGTON
CA7 9GZ
Registered office
Wigton Balhs
stony Banks Lane
WIGTON
CA7 9GZ
Trustees
M Tickner. VI￿ Chair
(Resigned 10 September 2024)
C Shepherd
{Resigned 1 October 2024>
J M Wolloff
L Baxter
SRae
(Resigned 10 April 2024)
(Appointed 18 June 2024)
{Appointed 18 June 2024)
(Resigned 28 October 2024)
K Amistrong
A Mattinson
Secretary
J M Wolloff
Bankers
Natwest
92 English Street
CARLISLE
CA3 8NF
Cumberland Building Society
2 Market Place
WIGTON
CA7 9NW
Accountant
Dod(J & Co Limited
FI￿EEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA12RW
Page 1

Wigton Baths Trust
Trustees, Report for the Year Ended 31 March 2024
The financial statements have been prepared in accordan￿ with the accounting policies set out in notes to the
accounts and comply with the charity's goveming document, the Charitie5 Act 2011 and Accounting and
Reporting by Charities.. Statement of Recommended Practice 8pplicable lo charities preparing their accounts in
accordance with the FinanGial Reporting Standard applicable in the UK and Republic of Ireland.
structu￿ Governance and Mdnag
Wigton Baths Trust is a company limited by guarantee and is govemed by its memorandum and articles of
association. It is also a charity registered with the Charities Commission.
Wiglon Baths Trust {'the Trust,) has 3 trustees, a rolling chair rota was adopted to help manage the Trust as a
colleclive, with a very active Secretary supporting the Trustees on key matters.
Responsibility for key issues, such as fund-raising. grant applications. operations, promotion, communication,
swimming clubs. legal issues etc, is assigned to trustees (either individually or as sub-group). who report to the
main body of the Trust at regular Trust meetings.
The Trustees have agreed to carry out a G0Veman￿ review in the later part of 2024 and will take this opportunity
with the support of professional advisors to update the existing governance arrangements which will include an
updated company articles of association which have been in place since 2014 when the charity was initialty
established.
The Trust employs a pool manager who oversees the day-to￿aY running of Wigton pool, who is supported by
two duty managers. The Trust also employs several part-time lifeguards and swimming teachers to provid8
poolside lifeguarding and teaching. During the year the Trustees appointed Croner to help support Trustees in
the staff management and to ensure that policies and procedures are updated and reviewed on a regular basis in
line with current legislation.
The Trust's trustees meet regularly lo discuss all matters relating to the pool.. every month or more frequently. if
necessary.
Recruitment and retention of Trustees continues to be a challenge for the Charity. New trustees are appointed
based upon the Trust's needs. New trustees are trained by fellow trustèes to understand their role within the
Trust and are provided with guidance and handy tips that both Cumbria CVS and Charities Commission have
developed. Attracting and retaining Trustees has been a challenge and something that is regularly reviewed,
recruitment drives are posled to attract nthr Trustees to help run the Baths.
Major risks
A risk register and process for updating and reviewing risks at quarterly meetings has been adopted by Trustees.
A risk matrix has been developed and risks are updated with relevant mitigations assigned to key Trustees and
staff employed by the Trust, The top 3 risks are noted below in Table 1:
Page 2

Wigton Baths Trust
Trustees, Report for the Year Ended 31 March 2024
l- Bat
Risk Descri
ion
Miti
ation to address Risk
Failure to secure additional capital funds to carry out the
heating intervention projects lo reduce ulility costs and
ultimately having to stop the heating projects before grant
fvnding expires in December 2024 & February 2025
Financial Risk
Community Fundraisingl Justgiving Drive
sel-up to drive more communty donations
with target of £24k
Treasurer and Sub-group to apply for grants
and other financial support.
Regular review ofenergy consumption and
ongoing interventions being addressed.
Regular Health & Safety checks are carried
by Pool stsff, and updates reported to
Trustees. Staff follow clear pool operating
procedures.
Improved promotional plan &
ommunication with public via social media,
website and newsletters and to carry out
customer satisfaction survey to address
community needs
An accident or other healthlsafety incident occurring at
the pool during the course of its operation
Operational Risk
Insufficient members of the public using the pool leading
to poor income generation and reduction in participation
of community swimmers
Financial Risk
Objectives and activities
Article 4 of the current articles of association state that the objectives of the charity are: 'To promote for the
benefit of the inhabitants of Wigton and the surrounding area the provision of facilities for recreation or other
leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or
disablement, financial hardship or social and economic circumstances or for the public at largé in the interests of
social welfare and with the object of improving the conditions of life of the said inhabitants, in particular by the
provision of facilities for swimming., In settin9 the objectives of the charity the trustees have complied with the
Charity Commission guidance on public benefit.
OveNlew of year
Wigton Baths Trust is a community trust which was formed in early 2014 to prevenl the closure of Wiglon Baths.
a public swimming pool earmarked for closure by Cumbria County Council at thè end of March 2015. The baths
were transferred to the Trust in March 2015. The baths have now been open for 9 full years operating as
charity.
Wigton Baths Trust provides the only Community Swimming Pool in North Allerdale. The Baths continue lo be
used for a diverse range of activilies including school sessions, swimming lessons, Aquacise, Aqua natal. and
Aquababes, Chrysalis, the Youth Station. the Sub aqua club, and Adult Improvers. The Swimming Club attracts
about 70 members. Booking from the Naturists, Society conts.nues to attract out of county visitors.
Financial and operational review
The Trustees have reviewed the operations of the Trust and have prepared the Annual Report on a going
concern basis, with a view that the financial sustainability of the Trust can most likely continue for the next 12
months with the proposed recovery and sustainability plan to help address the financial challenges that face the
Trust, but this does require that employment costs are reduced. This review does present some challenges for
the longevity of the pool and does require more active support from community members to help retain the
community pool for future generations. The increase in operational costs will continue lo be 8 challenge. the
Trustees are addressing Ihe rise in heating costs with various projects bLrt the increase in wages will be Ihe
biggest hurdle lo navigate and Trustees must look to the community for more volunteer lifeguards and supporters
to help reduce the significant employee costs. The clear message is if the community does not use the pool, they
risk losing the pool for future generations.
Page 3

Wigton Baths Trust
Trustees. Report for the Year Ended 31 March 2024
The Trust has been successful in raising signrficant financial and training support for the year ended 31 st March
2024:
Grants
During the reporting period the Trust has obtsined the following grants..
Phase 1 Swimming Pool Support fund [SPSFI of £23,891 from UK Gov to meet the additional utility
costs
Peoples Postcode Lottery IPPL] awarded £25,000 this is an unrestricted grant and it was agreed to use
the grant to meet training and operational costs resulting from the increase in opérational costs
Sport England Small Grants awarded £5,910 towards the swimming teaching training program
Sport England Capital Grant for Energy Efficiency improvements £17,075 for lh8 installation of new
energy efficient windows
Donatlons
During the reporting period, donations were generously received from the following,.
LoGal parish councils lotalling £2,400.00
Wigton Town Council has awarded an annual precept of £9,000.
Great Orton Wind Farm's annual contribution £10,071
Lord Roger Liddle £500 - Patron of Wigton Bath Trust Charity
Allerdale & Lakéland Lottery £310
Donations are very much appreciated from our various supporters, this year we had ongoing support from our
Local Parish Council's and Wigton Town Council which is very generous in thesè difficult times.
As part of the fundraising drive to secure funding to carry out the essèntial heating intervention projects, we had
amazing support from the community at the various local awareness sessions that were held. This has resulted in
a volunteer group being set-up on an infomial basis call the Friends of Wigton Bath, who will support the
Trustees in carrying out tasks, promoting the Community Pool and also to promotè the benefits of the wonderful
facility to the wider community.
Reserves Poliey
Following the significant impact of COVID as well as the increase in energy bills on the Baths Reserves, the
Trustees regularly review the Reserves and a detailed forecast of Year end Reserve position is provided and
discussed at the quarter financial review meetings. The Trustees recognise that the previous Reserves Policy
was detemiined on the historic calculation of holding 3 months operating costs which equates to a reserves value
of £48,000 is not realistic, nor has this been achieved or maintained during the current finan￿al year.
After careful consideratlDn, the ReseNe policy has been recalculated based on the cost of winding up the charity
and a new Reserve Level of £20,000 has been adopted by Trustees.
The nature of the seasonal teaching terms. does result in the cashflow of the Baths during the Summer months to
often breach the minimum res8Nes target and this is being addressed, wth a view to introducing new payment
options in early 2025.
Free reserves at 31 March 2024 were £7,952 which are below the current reserves level, however a recovery
plan is in place to incr8ase the reserves level.
Wigton Baths recovery & sustainability plan has been developed by the Trustees lo ensure that the Reserve
levels can be maintain8d during the traditional quieter months. this concept revolves around a theory of change,
moving from merely Wigton Pool to Wigton Community Hub and will aim to provide additional revenue
opportunities for the charity and benefits for the wider community.
Page 4

Wigton Baths Trust
Trustees, Report for the Year Ended 31 March 2024
Training
According to a study conducted by Swim England and the Swimming Teacherfs Association (STA), there is a
severe shortage of swimming teachers in Ihe UK.
The study found that 65/0 of learn-to-swim providers ale unable to expand their programs due to the lack of
swimming teachers. The survey has predicted that more than 660,000 children could be missing out on
swimming lessons and may never learn a skill that could one day save their life.
Trustees are very minded of this shortage of teachers, which had been exacerbated by the pandemic. Wigton
Baths lost two key teachers during the Pandemic but with the additional training more lifeguard5 and swimming
teachers have been trained and additional classes have been built into the timetable. The cost of living crisis has
made the affordability of rnany starting a career in aquatics very diffiGuIt and the Trust has therefore developed a
program of providing funding from various grants secured to develop and train new teachers and will continue to
promote the beneffts of a career in Aquatics by joining the Wigton Bath community pool.
Achievements and performancè
Our pool manager and the team have been able to continue to provide high quality swimming lessons to both
schools and members of the public. Footfall has increased since the pool fully re-opened following Ihe Pandemic,
and we are pleased that the number of schools attending the baths for swimming lessons has increased. Our
new website has provided an increased online presence of the Wigton Baths and its facilities to the Gommunty
and this has been very helpful in getting the message of support and need for Volunteers out to the Community.
The Trustees have secured funding lo help with our parlicipation drive and promotion of the facilities to the
Community and we are very grateful to the professional support that we have secured to diive forward key
promotional initiatives.
Flnan¢ial Overview
The totsl income for the current year ended 31 March 2024 of £240,786 compared with lotsl income of £247,690
in the previous financial year, included in these figures are capital grants for specific projects lotalling £80,876 in
2023124 (£98,259 in last financial year). The analysis of the income exduding specific Capital grants is OLrtlined in
the Table 2 below.
incomè category
2022123
2021122
Swimming lessons & admissions
120,203
113,009
Donations & other
29,228
12,405
Total Trading Income
149,431
125,414
Grant income
98,259
67,277
TOTAL Income
247,690
492,691
2023124
126,216
33,694
159,910
80,876
240,786
The swimming lessons and pool admission income included in Table 2 above total £126,216 for the year ended
31 st March 2024, compared with £120,203 for the previous financial year, this represents an increase. back
towards our pre-covid income levels and is encouraging to see the pool being used again by the communty for
its purpose.
Key Expenditure is oullined in the detailed note 6 in the Annual Accounts, lotal expenditure for year ended 31 st
March 2024 was £264,114 (£197,381 in 2022123). which equates to a deficit for the financial year in the region of
£23,828. The Direct costs of running Wigion Baths is £236.391 for the year ended 31 st March 2024, compared
with £181,360 in previous financial year, the most significant increase being additional utility costs in the region of
£20.IJ)O and additional repairs and maintenance on old equipment totally £12,000.
Table 2 above outlines the Charities Trading income for current year in the region of £159,910 whilst our direct
nning costs equate to £236,391 Ihis is a shortfall of £76,781 before Grant fkjnding income is offset. 11 is
anticipaled that these direct Costs will be reduced in future years once the new heating inteNention projects have
been completed and move towards a more sustainable financial future for Wigton Bath Trust.
Page 5

Wlgton Baths Trust
Trustees, Rèport for the Year Ended 31 March 2024
Plans for the Future
The main focus for the Truslees during the financial year has been to address the increasing utilty Costs for both
our electricity and gas contracts and to identify suitable funding streams to develop the Swimming Teacher
training program. These will continue as key priorities for the Tnjstees. for the next 12 months. As part of the
Sport England energy improvernent project. we were successful with the installation of a new Air Handing Unit as
well as some improved quality windows installed above the pool hall ceiling and we have already seen savings
on our energy bills.
The Baths building was first opened in July 1901 and the insulation on the exterior facing walls was not built to
modern day insulation standards. Trustees explored solutions to achieve better themial insulation efficiencies in
the pool hall. Funding has been secured to implement a range of heating inteprfention projects which will help to
modemise the heating and insulation at the pool. During October 2024 & November 2024, the pool will close for a
2 week period, whilst these v￿rkS are carried out to install a new energy efficient boiler and to erect wall
insulation and tiling around the intemal pool hall wall and V￿ anticipate a saving in the region of 25 /D on our
annual gas consumption going fowiard.
The much-awaited access road to provide a new vehicle access road to Wigton Baths was agreed as part of the
Wigton Woolner Brook Development. Home Group are progressing well with this project and the last phase of
house builds should be completed at the end of 2024. The new road a￿sS was inspected by Cumberland
Highways and dedared complete in March 2024. The current vehicle access over the footpath at Stony Banks
will now be solely for pedestrians and cyclists. This irnproved vehicle access will be a bonus not only to baths
users bul also to those residents who live on Tenters who are only too aware of the increase in traffic to the baths
over the last 9 years. This new road will increase footfall and we will be delighted to see this improved ac￿ss.
The planned extension to provide additional space in the Loft area and a new reception area with full accessibility
was awarded planning pemiission by Allerdale Borough Council in July 2018. This planning pemiission lapsed
but was re-submitted in November 2021 and has subsequently been extended, and work should begin no later
than. 3 years after the planning pemission was granted, in this case, the effective date would be 30th November
2024 before it lapsed again.
Trustees are not confident that they will be able to secure funding to do the Loft ProjeGt works which could be in
the region of £600,000 or that this will present value for money.
'IMPACT OF ENERGY CRISIS-
The UK govemment has recognised the importance of supporting facilities with swimming pools during the
current energy crisis and in March 2023 they annoUn￿d Iwo specific funds, called the Swimming Pool Support
Fund ISPSF)- This fijnd is managed by Sport England and aims to help swimming pool operators wilh the short
term revenue pressures and also the longer term capiial improvement projects to help reduce energy bills and
install and improve energy efficiency at public swimming pools.
The governmenvs Swimming Pool Support Fund (SPSFI provides a total of £60 million to loc81 authorities in
England as a support package for public leisure facilities with swimming pools and is split into two phases.
Phase l Revenue:£20m is available to support facilities with swimming pools with increased cost
pressures. leaving thern most vulnerable to closure or significant service reduction.
Phase 11 Capital:£40m is available from the govemment for capital investment to improve the energy
efficiency of public facilities with pools in the medium to long tem).
Wiglon Bath Trust with the support and guidan￿ frorn Cumberland Council has been successful in securing
£23,891 in the current financial year 202312024 from the SPSF phase 1 fund for revenue support to address the
increased costs of energy bills.
A further £47,OC(J was secured from the SPSF phase 2 for capital intervention projects and this work will be
arried out in October & November 2024 during the current 202412025 financial year.
Further funding support was awarded to Wigton Balh Trust during the Cuffent 202412025 financial year, from the
UK Levelling Up fund to inslall a new boiler room and system al Wigton Baths and Ihe funding secured for this
project was in the region of £43,000.
Page 6

Wigton Baths Trust
Trustees, Report for the Year Ended 31 March 2024
In the 202412025 financial year heating intervention projects in the region of £125,000 will be installed to help
modemise and improve the energy efficiency of Wigton Bath Community Pool.
Whilst this is very good news for Wigton Bath. it is worth noting that since 2015 the same year that Wigton Bath
Trust was established, over 276 Local Authority Pools have closed due lo increased operaling costs and the
lack of opportunity developed to making the facilities sustainable for the longer term.
The Ghallenge for Wigton Bath Trustees and The Community is to develop a sustsinable future for Ihe
Community pool, to increase the participation numbers and to identify additional inttsme streams for the charity to
thrive and exist for futu￿ generations.
Some of these choices will involve new ways of working and operaling more efficiently and we hope that all our
supporters and key stskeholders will work with us in keeping this wonderful community asset operating for many
more years and not to become another statistic in the increasing number of swimming pool closures.
The clear message is if the community does not use the pool, they risk losing the pool for future generations.
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on 19 November 2024 and signed on its behalf by..
J M Woll¢)ff
Secretary
K Armstrong
Trustee
Page 7

Wlgton Baths Trust
Trustses, Responsibilities in relatlon to the Flnancial Statements
The trustees (who are also directors of Wigton Baths Trust for the purposes of company law) are responsible for
preparing the Trustees. Annual Report and the financial Statements in accordan￿ with applicable law and the
Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland,.
Company law requires the trustees to prepare financial ststements for eaGh financial year whith 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 income and expenditure, of the charitable company for that period. In preparing these
financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent"
stste whether applicable UK accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements: and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that disclos8 Wlth rèasonable accuracy at
any time the financial position of the charitable company and enable them lo ensure that the financial Statements
comply with the Companies Act 2CM)8. 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.
Page 8

Independent Examiner's Report to the Trustees of
Wigton Baths Trust
I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages 10 to 22.
Respectlve responslbllities of trustses and examiner
The trustees (who a￿ also the directors of the company for the purposes of company law) are responsible for the
preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2)
of the Charities Act 2011 as amended by the Charities Act 2022 (the Act) and that an independent examination is
needed.
Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Ad 2006 and is
eligible for independent examination, it is my responsibility to".
examine the accounls under section 145 of the Act.
follow the procedures laid down in the General Directions given by the Charity Commission under section
145 (5) Ibl of the Act., and
state whether particular matters have come to my attention.
Basis of independent examlneffs report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. 11 also includes consideration of any unusual ilems or disclosures in the accounts,
and seeking explanations from you as Iruslees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be requirèd in an audit and consequently no opinion is given 8S to whether
the accounts present a 'true and fair view and the report is limited to those matters set out in the statement
below.
Independent examiners ststement
In connection with my examinalion, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements..
to keep accounting records in accordance with section 386 of the Companies Act 2006., and
to prepare accounls which accord with the accounting records, comply with the accounting
requirements of section 396 of the Companies Act 2006 and with Ihe methods and principles of
the Statement of Recornmended Pradice.. Accounting and Reporting by Charities
have not been met., or
(2) to ￿lCh, in my opinion, attention should be dravm in order to enable a proper understanding of the
accounts to be reached.
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA12RW
nne Thomlinson FCA
odd & Co Limited
Chartered Accountants
19 November 2024
Pag8 9

Wlgton Baths Trust
Statement of Financial Activities (Including Income and Expenditure Account) for the Year
Ended 31 March 2024
Unrestricted Restricted Endowment Total Funds Total Funds
Funds
Funds
Funds
2024
2023
Note
Income and endowments from:
Donations and legacies
Other trading activities
Investments
Charitable activities
Total income and endowments
54,690
12,252
352
126,616
193,910
46.876
101.566
12,252
352
126,618
240,786
120.769
6,598
120
120,203
247,690
46,876
Expendlture on:
Raising funds
Charitsble activities
Total expendilure
500
234.150
234,650
500
264,114
264.614
715
197,381
198.096
29,964
29,964
Net (expenditure)fincorne before
transfers
(40,740)
16,912
(23,828)
49.594
Transfer3
Transfers between fijnds
16,301
(16.301)
Net movements in fvnds
{24,439)
611
(23.828)
49,594
Reconcillatlon of funds
Total funds brought forward
Total funds carried forward
152,516
128,077
3,429
4,040
50,000
50,000
205,945
182,117
156,351
205,945
All of the Charity's adivities derive from continuing operations during the above periods.
The note5 on pages 12 to 22 form an integral part of these financial staternents.
Page 10

Wigton Baths Trust
Company registration number: 08952126
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
11
170,125
172,895
Current assets
Stocks and work in progress
Debtors
Cash at bank and in hand
300
1,635
27,521
29,456
300
3,119
44,368
47,787
12
Creditors: Amounts falling due within
one year
13
(17,464)
114,737)
Net current assets
11,992
33.050
Net assets
182,117
205,945
The fund8 of the charity:
Endowment funds
50,000
50,000
Restrfctsd funds
4,040
3,429
Unrestricted funds
Unrestrided income funds
128,077
152.516
Totsl charity funds
For the finan¢i81 year ended 31 March 2024. the charity was entitled to exemption from audit under section 477 of
the Companies Act 2006.
The members have not required the charity to obtain an audit of its accounts for the year in question in
accordance with section 476 of the Act.
182,117
205,945
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the
small companies regime.
Approved by the Bcard on 19 November 2024 and signed on its behalf by..
Ji
J M Wolloff
Secretary
K Armstr
Trustee
The notes on pages 12 to 22 fom an integral part of these financial statements.
Page 11

Wigton Baths Trust
Notes to the Flnanclal Statements for the Year Ended 31 March 2024
Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all the years presenled, unless otherwise stated.
statement of compliance
The financial statements have been prepared in accordance wth Accounting and Reporting by Chatities:
Statement of Recommended practi￿ appliGable 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102) and the Companies Act 20ChS.
Basis of preparatlon
The charitable wmpany meels the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or Iransaction value unless otheThvise stated in the relevant
accounting policy notes.
Restatement of comparatives
The 2023 comparatives have been restated. A small number of items of income have been shown against
dtfferent headings in order to better reflect the nature of the items. There are no changes to the overall
totals on the Statement of Financial Aclivities and no changes to any figures on the balance sheet.
Going concem
These financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material
uncertainties related to evenls or condrtions that tnay cast significant doubt on the ability of the Charity to
continue as a going concem. The trustees make this assessment in respeGI of a period of one year from the
date of approval of the financial statements.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees, discretion in
furtherance of Ihe objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes. the use of
which is restricted to that area or purpose.
Further details of each fund are disdosed in note 17.
Page 12

Wigton Baths Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
. conbnued
Income and endowments
Donations are recognised when the Charity has been notified in writing of both the amount and settlement
date. In the event that a donation is subject to conditions that require a level of performance by the Charity
before the Charity is entitled to the funds, the income is deferred and not recognised until either those
conditions are fully met, or the fulfilmenl of those conditions is wholly within the control of the Charity and it
is probable that these conditions will be fulfilled in the reporting period.
Legacy gifts are recognised on a case by case basis following the grant of probate when the
administorlexecutor for the estate has communicated in writing both the amount and settlement date. In the
event that the gift is in the fomi of an asset other than cash or a financial asset traded on a recognised stock
exchange. recognition is subject to the value of the gift being reliably measured with a degree of reasonable
accuracy and the title to the asset having been transferred lo the Charity.
Income from Government and other grants. vthether 'capilal' grants or 'revenue' grants, is recognised when
the charity has entitlement to the funds. any perf0mlan￿ condilions attached to the grants have been met,
it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Investment income is recognised on a receivable basis.
Income from charitable activities indudes income recognised as earned (as the related goods or services
are provided) under contract.
Expgnditure
Liabilities are recognised as soon as there is a legal or construdive obligation committing the charity to the
expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs related to the category.
Expenditure on raising funds are the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to suth aclivities and those
costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activty cost categories on a basis
consistent with the use of resources, for example, allocating property costs by floor areas, or per capita,
staff costs by the lime spenl and other costs by their usag8.
Taxation
The Charty is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the
Charity is potentially exempt from taxation in respect of income or capital gains recerved within categories
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusivety to charitable purposes.
Fixed assets
Individual fixed assets costing £100 or more are initlally reGorde(J at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. less any estimated
residual value, over their exp8ded useful economic life as follows=
Freehold interest in land and buildings
Fixture5, fittings and equipmenl
Not depreciated
150/0 reducing balance basis
Page 13

Wigton Baths Trust
Notes to the Financial Ststements for the Year Ended 31 March 2024
. continued
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving
stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Items donated for resale or distribution are not included in the financial statements until they are sold or
distributed.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or ServI￿S performed in the ordinary
course of business. Trade debtors are recognised initially at the transaction price. They are subsequently
measured al amortised cost using the effective interest method, less provision for impairment. A provision
for the impairment of trade debtors is established when there is objedive evidence that the Charity will not
be able to collect all amounts due awording to the original terms of the receivables.
Cash and Cash Equlvalents
Cash and cash equivalents comprise ¢ash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
hange in value.
Liabilities
Trade creditors are obligations to pay for goods or serVI￿S that have been acquired in the ordinary course
of business from suppliers Accounts payable are classified as current liabilities if the Charity does not have
an unconditional right. at the end of the reporting period, to defer settlernenl of the creditor for at least
twelve months after the reporting date. If theie is an unconditional right to defer settlement for at least
Iwelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised
cost using the effective interest method.
Pensions
The charity operates a defined contribution pension scheme. Contributions are Gharged in the statement of
financial activities as they become payable in accordance with the rules of the scheme.
Page 14

Wlgton Baths Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
.. continued
Flnanclal instruments
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual
provisions of the instrument. Financial liabilities and equity instruments are classified according to the
substance of the contractual arrangements entered into. An equity instrument is any contract that eVIden￿S
a residual interest in the assets of the Charity after deducting all of its liabilities.
All financial assets and liabilities are initially measured at transaction price (including transaction Costs),
ex￿pt for those financial assets classified as at fair value through profit or loss, which are initially measured
al fair value (which is nomally the transaction price excluding transaction costs), unless the arrangement
constitutes a financing transaction. If an arrangement constilules a financing transaction, the financial asset
or financial liability is measured at the present value of the future payments discounted al a market rate of
interest for a similar debt instrument.
Financial assets and liabilities are only offs8t in the statement of financial position when, and only when
there exist5 8 legally enforceable ri9ht to set off the recognised amounts and the Charity intends either to
settle on a net basis, or to realise the asset and Settle the liability simullaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the
financial asset expire or are settled, b) the Charity transfers to another party substantially all of the risks and
rewards of ownership of the financial asset, or ¢} the Charily, despite having retained 80me, but not all,
significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specifiéd in the contract is discharged,
cancelled or expires.
Donations and legacies
Unrestricted Restricted Endowment Totsl Funds Total Funds
Funds
Funds
Funds
2024
2023
Donations and legacies
Appeals and donations
20,690
20,690
22.510
Grants
Grants receivablè
34,0
46.876
80,876
98,259
54,690
46.876
101,566
120,769
Of the donations and legacies income received in 2023, £89,259 related lo restricted funds and £31,510
related to unr8Strict8d funds.
Page 15

Wigton Baths Trust
Notss to the Financial Statements for the Year Ended 31 March 2024
continued
Other trading activities
Unrestricted Restrfcted Endowment Total Funds Total Funds
Funds
Fund6
Funds
2024
2023
Other income
Sale of goods
6,824
5.428
12,252
6,824
5,428
12,252
2.945
3,653
6,598
All of the other trading activites income in 2023 related to unrestricted funds.
Investments
Unrestricted Restrlctsd Endowment Total Funds Total Funds
Funds
Funds
Funds
2024
2023
Interest on cash deposits
352
352
120
All of the investments income in 2023 related to unrestricted funds.
Charitable activities
Unrestricted Restrlcted Endowment Total Funds Total Funds
Fund5
Funds
Funds
2024
2023
Pool admissions
Lessons and clubs
40,769
85,847
126,616
40,769
85,847
126,616
38,704
81,499
120,203
All of the income from charitable activities in 2023 related lo unrestricted funds.
Page 16

Wigton Baths Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
. continued
Expenditure
Runnlng
Wigton
Baths
Fundraising
Total
2024
Totsl
2023
Direct costs
Fundraising costs
Pur¢hases
Wages and salaries
Staff NIC (Employers)
Staff pensions
Staff trainlng
Insurance
Light, heat and power
Repairs and maintenance
Chemical costs
Swimming equipment
Telephone and fax
Advertising
500
500
3,852
138,261
1,872
2,034
6,281
6,055
48,899
25,544
2,670
740
3,431
126,389
882
1,688
1,372
4,914
27,519
12,352
978
223
1,559
53
182,100
3,852
138,261
1,872
2,034
6,281
6,055
48,899
25,544
2,670
923
923
500
236,391
236,891
Support costs
Printing, postage and stationery
Sundry expenses
Accountsncy fees
Independent examinerfs fee
Legal and professional fees
Bank charges
Depreciation of fixtures and fittings
1,044
2,755
1,843
660
923
1,427
19,071
27,723
1,044
2,755
1.843
660
923
1,427
19,071
27,723
674
1,969
3,047
660
1,596
1,634
6.416
15,996
264,114
264,614
198,096
All of the expenditure in 2023 £192,575 related to unrestricted funds and £5,521 related to restricted funds.
Governance costs
2024
2023
Accountancy fees
Independent examinerfs fee
1,843
660
2,503
3,047
660
3,707
Page 17

Wigton Baths Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
. conlinugd
Trustees. remuneratlon and expenses
L Baxter was paid £4,775 of remuneration during the year for teaching swimming lessons, authority for
these payments was obtained from the Charily Commission.
Net (expondlture)Ilncome
Net (èxpenditure)lincome is stated after charging..
2024
2023
Depreciation of tsngible fixed assets
19,071
6,416
10 Employees, remuneration
The monthly average number of persons (including senior management) employed by the charity during the
year was as follows:
2024
2023
Charitable activities
12
The aggregate payroll ￿sts of these persons were as follows..
2024
2023
Wages and salaries
Social security
Other pension costs
138,261
1,872
2,034
142,167
126,389
882
1,688
128,959
No employee received emoluments of more than £60,000 during the year.
The key management personnel comprise the Trustees and the pool manager. The total employee benefits
of the key management personnel of the Charity were £23,559 (2023- £22,832).
Page 18

Wigton Baths Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
. continued
1 l Tanglble fixed assots
Freehold
Fixtures,
Interest in land fittings and
and buildings
equipment
Total
Cost
As at 1 April 2023
Additions
As at 31 March 2024
61,254
149.1C
16.301
165,407
210,360
16,301
226,661
61,254
Depre¢iatson
As at 1 April 2023
Charge forthe year
As at 31 March 2024
37,465
19,071
56,536
37,465
19,071
56,536
Net book value
As at 31 MarGh 2024
As at 31 March 2023
61,254
61,254
108,871
111,641
170,125
172,895
12 Debtors
2024
2023
Trade debtors
Prep8yments and accrued income
1,394
241
1,635
3,119
3,119
13 Creditors.. Amounts falling due within one year
2024
2023
Trade credf(ors
Taxation and social security
Other creditors
ruals and deferred income
7,598
1,992
502
7,372
17,464
8,217
874
5,646
14,737
14 Members, liability
The ¢harity is a private Gompany limited by guarantee and consequently does not have share capital. Each
of the members is liable to contribute an amount not exceeding £10 towards the assets of the charity in the
event of liquidation.
Page 19

Wlgton Baths Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
. continued
15 Pension scheme
Defined contribution p8nsion scheme
The charity operates a defined ccntribution pension scheme. The pènsion cost charge for the period
represents contribulions payable by the charity to the scheme an(i amounted to £2,034 (2023 - £1,688).
Contributions totalling £502 (2023 - £nil) were payable to the stheme at the end of the period and arè
induded in creditors.
16 Related parties
Controlllng entity
The charity is controlled by the trustees.
17 Analysis of funds
At 1 Aprfl
2023
Incoming
resources
Resources
expended
At 31 March
2024
Transfers
General Funds
Unrestricted income fund
152,516
193,910
(234,650)
16,301
128,077
Restricted Funds
Cumbria County Council
Sport England
Swimming pool support
fund
Sports England small
grants
3,429
3,429
611
17,075
(163)
(16,301}
23,891
(23,891)
5,910
46,876
{5,9101
(29,964)
3,429
(16,301)
4,040
Endowment Funds
Wigton Baths Fund
So,￿0
50,000
205,945
240,786
{264,614)
182,117
The Cumbria County Council fund is to fund an energy audit and install invertors on plant pumps.
The Sport England fund is to fund energy efficient improvem8nts for the installation of new energy efficient
windows.
The swimming pool support fund is a grant from the government to meet additional utility costs.
The Sport England sm811 grants is to fund the swimming teaching training program.
Wigton Baths Fund This represènts the value of Wiglon Baths, which was transferred lo the trust via a
community asset transfer from Cumbria County Council.
Page 20

Wigton Baths Trust
Notss to the Financial Ststements for the Year Ended 31 March 2024
. Gontinued
Prior period
At 1 Aprll
2022
Incoming
resources
Resource8
expended
At 31 March
2023
Transfers
General Funds
Unrestricted income fund
97.129
158,431
{192,575)
89,531
152,516
Restricted Funds
Cumbria County Council
Allerdale Borough Council
Joy¢e Wilkinson Charilable
Trust
CO-OP
Sport England
3,429
3,429
5.580
(1,879)
(3,701)
(4,630)
4,630
3,642
(3.642)
81.200
89,259
{81,200)
(89,531)
9,222
(5,521)
3.429
Endowment Funds
Wigton Baths Fund
50,000
156,351
50.000
205,945
247,690
(198,0961
18 Transfers
The transfers totalling £16,301 from restricted funds to unrestricted funds represenls restricted fundB
received to purchase fixed assets. Once purchased the original restriction on the funds was met and the
assets were therefore transferred to unrestricted funds to reflect the fact that they are unrestricted in use.
Page 21

Wigton Baths Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
. continued
19 Net assets by fund
Unrestrlcted
Funds
Restricted
Funds
Endowment
Funds
Tangible assets
Current assets
Creditors.. Amount5 falling due within one year
Net assets
120,125
25,416
(17.464)
128,077
50,000
4,040
4,040
50,000
Total Funds
2024
Total Funds
2023
Tangible assets
Current assets
Creditors.. Amounts falling due within one year
Nel assets
170,125
29,456
117,464)
182.117
172,895
47,787
(14.737>
205,945
Prior period
Unrestrlcted
Fund5
Restricted
Funds
Endowment
Funds
Total Funds
2023
Total Funds
2022
Tangible assets
Current assets
Credttors..
Amounts falling
due within one
year
Net assets
122,895
44,358
50,000
172.895
47,787
85,981
78,052
3,429
(14,73n
(14,737)
(7,682)
152,516
3,429
50,000
205,945
156,351
Page 22