2022-03-31-accounts - Settle Area Swimming Pool

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REGISTERED COMPANY NUMBER: 1171790 (England and Wales) REGISTERED CHARITY NUMBER: 1171790

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Settle Area Swimming Pool

Walkers Accountants Limited Aireside House Aireside Business Centre Royd Ings Avenue Keighley West Yorkshire BD21 4BZ

Settle Area Swimming Pool

Contents of the Financial Statements for the year ended 31 March 2022

		Page
Chairman's Report	1	to	2
Report of the Trustees	3	to	4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet	7	to	8
Notes to the Financial Statements	9	to	15
Detailed Statement of Financial Activities	16	to	17

Settle Area Swimming Pool

Chairman's Report for the year ended 31 March 2022

This has been a momentous year for Settle Pool in both positive and negative ways.

After many years of fundraising and searching for ways to improve our facilities at Settle Pool, in spring 2021 we finally managed to obtain major funding from Sport England and Craven District Council matching our local fundraising efforts from paper recycling and the Charity Shop. We were then able to move forward with planning permission and other regulations,

Over the summer we were also able to build up our swimming activities after the spring lockdown whilst still observing Covid rules of limited numbers.

In June 2021 we sent out our rebuilding specifications to a range of building firms both locally and further afield. The received bids from three companies were higher than expected and none were received from local builders. In September a company, who had initially declined to bid, unexpectedly become available and put forward a competitive price , this was accepted with building starting in early October 2021.

An added bonus from working with these builders was their willingness to keep the main pool open during the building period using a side entrance and building changing facilities on poolside. Our staff and the building team worked hard to make this happen. The reduced facilities were mainly well received by local people and a full range of activities including lane, school and public swimming together with lessons were provided.

At the end of November 2021, Settle suffered the effects of Storm Arwen and the roof of the main pool roof was ripped off making it impossible to keep the pool open. This had huge implications for the deployment of staff . Efforts were made to accommodate staff,but the extended closure meant that most staff had moved on to other employment by the end of this financial year, leaving us with some challenges for restaffing once the pool reopens.

The pool closure meant that school swimming and children's lessons suffered a further setback for yet another year. Giggleswick School was able to offer its facilities for Giggleswick Primary School only, leaving the other four local primary schools without provision, children without individual lessons and many other local people, both young and old, without easy access to swimming facilities.

The Pool had full insurance to cover the damage done by Storm Arwen, but the delays in the insurance decisions has meant that the pool has remained shut for the remainder of this year and the risk of further damage to the pool hall increases the longer it remains exposed to the weather. The roof repairs remained unresolved at the end of this financial year.

On a more positive note , despite the expected seasonal setbacks of the weather, the builders have made a good start on the redevelopment of the changing facilities and the building of the additional new space with a projected reopening date of late summer 2022.

Throughout this time period when the pool was able to open, staff were expected to work to Covid guidelines and restrictions and to deal with the frustrations and expectations of customers. Latterly during the pool's closure, the management staff have had to deal with colleagues resigning, a lack of office space and many other uncertainties. We have been fortunate within our Trustee group to call on a wide range of skills in building, finance, IT and journalism as well as drawing on the goodwill, support and knowledge of local networks including colleagues from the local council and other local pools. Trustees have been expected to offer their time and efforts during this period of redevelopment way above their initial expectations of the Trustee role. They, together with the volunteers and management staff have had to expend considerable efforts and energy to achieve the major redevelopment now underway. All know that there are still many hurdles yet to be jumped before we open again.

Page 1

Settle Area Swimming Pool

Chairman's Report for the year ended 31 March 2022

The work of staff and Trustees is helped considerably by our wide range of fundraising efforts . Our charity chop not only helps to raise funds ,which have far exceeded our initial expectations, but through its 22 volunteers and high street location , has acted as a vital information hub during this long period of closure.. Our online sales, which developed during the Covid lockdown, have contributed a considerable extra stream of income as well. In addition we still run our 200 Club each year with the help of volunteers. Finally we are grateful to our many individual and organisational donors who have kept up their support with donations, both small and large, demonstrating their support to the pool during challenging times .

We look forward to reopening the pool, with its new facilities combined with the development of an innovative programme of activities in the new café and dryside spaces. It is an exciting prospect!

P A Taylor Chair

Page 2

Settle Area Swimming Pool

Report of the Trustees for the year ended 31 March 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To promote for the benefit of the inhabitants of Settle and the surrounding area the provision of facilities for the recreation or other leisure time activity for individuals who have need of such facilities by reason of their youth, age, infirmity, disablement, financial hardship or social economic circumstance. It is for the public at large in the interest of social and mental welfare with the objective of improving the lives of the aforementioned inhabitants.

FINANCIAL REVIEW

Reserves policy

The pool needs to generate a surplus in order to maintain a cash contingency fund of three months running costs.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document and constitution

The charity was established as a Charitable Incorporated Organisation and was registered with the Charity Commission on 12th February 2017

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

1171790 (England and Wales)

Registered Charity number

1171790

Registered office

Kendal Road Giggleswick Settle North Yorkshire BD24 0BU

Trustees

P A Taylor - Chair R Sanderson- Treasurer R I Crossley K A Galloway I Orton - Secretary B D Atkinson C Hirst M J Smith R A Brown K Mason C Coleman R T Graveson (resigned 11.10.21)

Page 3

Settle Area Swimming Pool

Report of the Trustees for the year ended 31 March 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Michael William Procter FCA Walkers Accountants Limited Aireside House Aireside Business Centre Royd Ings Avenue Keighley West Yorkshire BD21 4BZ Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... P A Taylor - Chair - Trustee

Page 4

Independent Examiner's Report to the Trustees of Settle Area Swimming Pool

Independent examiner's report to the trustees of Settle Area Swimming Pool ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Michael William Procter FCA Walkers Accountants Limited Aireside House Aireside Business Centre Royd Ings Avenue Keighley West Yorkshire BD21 4BZ

Date: .............................................

Page 5

Settle Area Swimming Pool

Statement of Financial Activities

for the year ended 31 March 2022

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 214,561 Charitable activities Admission charges 78,274 Other income 29,154 Other trading activities 2 94,497 Investment income 3 65 Total 416,551 EXPENDITURE ON Raising funds 5,045 Charitable activities Direct charitable expenditure 255,809 Total 260,854 NET INCOME/(EXPENDITURE) 155,697 Transfers between funds 14 (79,473) Net movement in funds 76,224 RECONCILIATION OF FUNDS Total funds brought forward 172,887 TOTAL FUNDS CARRIED FORWARD 249,111	Restricted fund £ - - - - - - - - - - 79,473 79,473 15,290 94,763	31.3.22 Total funds £ 214,561 78,274 29,154 94,497 65 416,551 5,045 255,809 260,854 155,697 - 155,697 188,177 343,874	31.3.21 Total funds £ 144,467 25,354 4,769 49,075 611 224,276 830 231,650 232,480 (8,204) - (8,204) 196,381 188,177

The notes form part of these financial statements

Page 6

Settle Area Swimming Pool

Balance Sheet

31 March 2022

Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 9,230 CURRENT ASSETS Stocks 8 3,244 Debtors 9 17,075 Cash at bank and in hand 298,943 319,262 CREDITORS Amounts falling due within one year 10 (22,174) NET CURRENT ASSETS 297,088 TOTAL ASSETS LESS CURRENT LIABILITIES 306,318 CREDITORS Amounts falling due after more than one year 11 (57,207) ACCRUALS AND DEFERRED INCOME 13 - NET ASSETS 249,111 FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted fund £ 301,413 - - - - - - 301,413 - (206,650) 94,763	31.3.22 Total funds £ 310,643 3,244 17,075 298,943 319,262 (22,174) 297,088 607,731 (57,207) (206,650) 343,874 249,111 94,763 343,874	31.3.21 Total funds £ 14,848 3,117 20,879 235,230 259,226 (39,649) 219,577 234,425 (46,248) - 188,177 172,887 15,290 188,177

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

continued...

Page 7

Settle Area Swimming Pool

Balance Sheet - continued

31 March 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

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

.............................................

P A Taylor - Chair - Trustee

.............................................

R Sanderson- Treasurer - Trustee

The notes form part of these financial statements

Page 8

Settle Area Swimming Pool

Notes to the Financial Statements for the year ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure and irrecoverable vat

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.

Irrecoverable VAT is charged as a cost against the activity for which teh expenditure was incurred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, Plant & machinery - 20% per annum on cost

Depreciation will commence on the building once it has been completed and is open for use and enjoyment. It will be depreciated over twenty years. The grants as deferred will be amortised over the same period.

Tangible fixed assets are at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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 are available to spend on activities that further any of the purposes of the Charity at teh discretion of the Trustees..

Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for future capital expenditure on the pool.

continued...

Page 9

Settle Area Swimming Pool

Notes to the Financial Statements - continued for the year ended 31 March 2022

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds are grants and donations which the donor or grant giving body has specified are to be solely used for a particular purpose within the objectives of the Charity.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Grants and donations

Grants and donations are recognised in the Statement of Financial Activities when entitlement is established.

Grants and donations for which there are no conditions attached are treated as income in the period which they become receivable.

Grants and donations received for specific purposes are included in Restricted Funds. Grants received for the purpose of asset acquisition are treated as deferred income which is credited to the profit and loss account by instalments over the expected useful economic life of the related assets on a basis consistent with the depreciation policy commencing once the asset has been brought into use.

Covid-19 Government Grants are accounted for under the accrual model as follows:-.

Grants received relating to revenue are recognised as income on a systematic basis over the periods in which the company recognises the related cost for which the grant is intended to compensate.

Grants received to give immediate financial support are recognised as income in the period in which they become receivable.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
	31.3.22	31.3.21
	£	£
Shop sales	94,497	49,075
INVESTMENT INCOME
	31.3.22	31.3.21
	£	£
Deposit account interest	65	611
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
	31.3.22	31.3.21
	£	£
Depreciation - owned assets	5,618	4,108

3. 4. NET INCOME/(EXPENDITURE)

continued...

Page 10

Settle Area Swimming Pool

Notes to the Financial Statements - continued for the year ended 31 March 2022

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 134,967 Charitable activities Admission charges 25,354 Other income 4,769 Other trading activities 49,075 Investment income 611 Total 214,776 EXPENDITURE ON Raising funds 830 Charitable activities Direct charitable expenditure 224,632 Total 225,462 NET INCOME/(EXPENDITURE) (10,686) RECONCILIATION OF FUNDS Total funds brought forward 183,573 TOTAL FUNDS CARRIED FORWARD 172,887	Restricted fund £ 9,500 - - - - 9,500 - 7,018 7,018 2,482 12,808 15,290	Total funds £ 144,467 25,354 4,769 49,075 611 224,276 830 231,650 232,480 (8,204) 196,381 188,177

continued...

Page 11

Settle Area Swimming Pool

Notes to the Financial Statements - continued

for the year ended 31 March 2022

7. TANGIBLE FIXED ASSETS COST At 1 April 2021 Additions At 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 8. STOCKS Stocks 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors VAT Prepayments and accrued income	Freehold property £ - 301,413 301,413 - - - 301,413 -	Plant and machinery £ 28,088 - 28,088 13,240 5,618 18,858 9,230 14,848 31.3.22 £ 3,244 31.3.22 £ 3,052 11,715 2,308 17,075	Totals £ 28,088 301,413	Totals £ 28,088 301,413
			329,501
			13,240 5,618
			18,858
			310,643
			14,848
			31.3.21 £ 3,117 31.3.21 £ 646 6,541 13,692 20,879
				20,879

continued...

Page 12

Settle Area Swimming Pool

Notes to the Financial Statements - continued for the year ended 31 March 2022

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.3.22	31.3.21
	£	£
Bank loans and overdrafts (see note 12)	5,312	3,752
Trade creditors	6,659	31,513
Social security and other taxes	1,025	697
Other creditors	5,730	169
Accrued expenses	3,448	3,518
	22,174	39,649
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	31.3.22	31.3.21
	£	£
Bank loans (see note 12)	41,207	46,248
Other loans (see note 12)	16,000	-
	57,207	46,248

12. LOANS

Other loans comprise unsecured community loans from six individuals, payable in twelve monthly instalments after 1st April 2025 which will include accrued interest at 2%.

The bank loan is secured by a Government supported guarantee against the outstanding facility balance.

13. ACCRUALS AND DEFERRED INCOME

	31.3.22	31.3.21
	£	£
Deferred grants	206,650		-

The grants were received for the building project and will be amortised over twenty years in line with the rate of depreciation of the building once it has been completed and brought into use.

14. MOVEMENT IN FUNDS

Unrestricted funds General fund Designated capital fund Restricted funds Restricted fund TOTAL FUNDS	At 1.4.21 £ 109,282 63,605 172,887 15,290 188,177	Net movement in funds £ 155,697 - 155,697 - 155,697	Transfers between funds £ (79,473) - (79,473) 79,473 -	At 31.3.22 £ 185,506 63,605
				249,111 94,763
				343,874

continued...

Page 13

Settle Area Swimming Pool

Notes to the Financial Statements - continued for the year ended 31 March 2022

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
416,551
TOTAL FUNDS
416,551
Comparatives for movement in funds
At 1.4.20
£
Unrestricted funds
General fund
119,968
Designated capital fund
63,605
183,573
Restricted funds
Restricted fund
12,808
TOTAL FUNDS
196,381
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
214,776
Restricted funds
Restricted fund
9,500
TOTAL FUNDS
224,276

Resources
Movement
expended
in funds
£
£
(260,854)
155,697
(260,854)
155,697
Net
movement
At
in funds
31.3.21
£
£
(10,686)
109,282
-
63,605
(10,686)
172,887
2,482
15,290
(8,204)
188,177
Resources
Movement
expended
in funds
£
£
(225,462)
(10,686)
(7,018)
2,482
(232,480)
(8,204)

continued...

Page 14

Settle Area Swimming Pool

Notes to the Financial Statements - continued for the year ended 31 March 2022

14. MOVEMENT IN FUNDS - continued

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

Unrestricted funds General fund Designated capital fund Restricted funds Restricted fund TOTAL FUNDS	At 1.4.20 £ 119,968 63,605 183,573 12,808 196,381	Net movement in funds £ 145,011 - 145,011 2,482 147,493	Transfers between funds £ (79,473) - (79,473) 79,473 -	At 31.3.22 £ 185,506 63,605
				249,111 94,763
				343,874

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

Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS	Incoming resources £ 631,327 9,500 640,827	Resources Movement expended in funds £ £ (486,316) 145,011 (7,018) 2,482 (493,334) 147,493	Resources Movement expended in funds £ £ (486,316) 145,011 (7,018) 2,482 (493,334) 147,493
			147,493

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 15

Settle Area Swimming Pool

INCOME AND ENDOWMENTS Donations and legacies Donations Grants Other trading activities Shop sales Investment income Deposit account interest Charitable activities Admission charges Miscellaneous receipts Total incoming resources EXPENDITURE Raising donations and legacies Shop costs Charitable activities Wages Rent and rates Insurance Light and heat Telephone Advertising and promotion Sundries Water costs Training Repairs Chemicals and pool supplies Subscription Partial exemption adjustment Depreciation of tangible fixed assets	Detailed Statement of Financial Activities for the year ended 31 March 2022 31.3.22 31.3.21 £ £ 165,025 40,879 49,536 103,588 214,561 144,467 94,497 49,075 65 611 78,274 25,354 29,154 4,769 107,428 30,123 416,551 224,276 5,045 830 123,767 105,673 10,008 8,800 9,176 6,289 22,930 16,508 309 300 354 185 4,228 1,856 2,260 3,251 1,024 1,515 17,810 69,537 932 1,261 400 668 46,493 2,841 5,618 4,108 245,309 222,792	Detailed Statement of Financial Activities for the year ended 31 March 2022 31.3.22 31.3.21 £ £ 165,025 40,879 49,536 103,588 214,561 144,467 94,497 49,075 65 611 78,274 25,354 29,154 4,769 107,428 30,123 416,551 224,276 5,045 830 123,767 105,673 10,008 8,800 9,176 6,289 22,930 16,508 309 300 354 185 4,228 1,856 2,260 3,251 1,024 1,515 17,810 69,537 932 1,261 400 668 46,493 2,841 5,618 4,108 245,309 222,792

		144,467 49,075 611 25,354 4,769
		30,123
		224,276 830 105,673 8,800 6,289 16,508 300 185 1,856 3,251 1,515 69,537 1,261 668 2,841 4,108
		222,792

This page does not form part of the statutory financial statements

Page 16

Settle Area Swimming Pool

Support costs Finance Bank charges Bank loan interest Governance costs Administration costs Accountancy and legal fees Professional fees Independent examiners fee Total resources expended Net income/(expenditure)	Detailed Statement of Financial Activities for the year ended 31 March 2022 31.3.22 31.3.21 £ £ 126 1,140 659 - 785 1,140 1,507 1,530 358 1,764 6,250 3,174 1,600 1,250 9,715 7,718 260,854 232,480 155,697 (8,204)

This page does not form part of the statutory financial statements

Page 17