22/09/2022, 19:06
Print annual return | Charity Commission
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Charity Commission Annual Return 2021
Charity registration number: 1173503
01/01/2021
31/12/2021
£ 30,699 £ 28,550
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Company No. CE011107 The Saltdean Lido Trust Report and Financlal Statements For the year ended 31 December 2022 Registered Charity number: 1173503 (England and Wales)
SALTDEAN LIDO TRUST LEGAL & ADMINISTRATIVE INFORMATION Trustges D Bailey D Chester S Hofrox D Leaver P Shephe Charlty Numbgr 1173503 Company Number CE011107 Prlnclpal Address The Courtyard Shoreham Road Upper Beeding Sleyning West Sussex BN44 3TN Indopondènt examlnern TC Grtsjp The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN Bankers HSBC plc 1 Wawd( Street Worthing West Sussex BN11 3DE
SALTDEAN LIDO TRUST CONTENTS Page Tnjstees, report Report oflhe Independent Examiner staterrnt of Financi81 Actmt Balance Sheet Notes to the accounts 7-13
SALTDEAN LIDO TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present their Annual pOrt. together with the financial statemenls lor Saltdean Lido Trust for the year to 31 December 2022. The accounts comply with the Charities Act 2011. and Awjunting and Repotting by Charities.. Statement of Recomrnended Practice applicable to charibes preparing Iheiraccounts in accoidance with the Fin8nual Reporting Standard applicable in the UK and Republic Of Ireland IFRS 1021 leffective 1 January 20151. Structure, Governance & Management The organisation's charitable aims and objectives are set oul in ib constitution. agreed by the Board of Trustees on 21 June 2017. The charily was regisled with the Charity Commission on the 21 June 2017 Icharity number 11735031. Organlsatlonal structurè During the period, the Board of Trustees consisted of Ihe foll1n9 individual$'. D Chester S Horrox P Shepherd D Bailey D Leaver The Board members, who are all volunteers, come from a wide variety ol backgrounds and possess skills that are relevant to the work of the organisation. Obl•etlv•• & Aetlvltl•8 11 To provide orassist in the prowsion of laclth.es for recatIon or other leisure time occupats'on of individuals who have need of such lacilrties by reason of their youth. age infimity or disability. financial hardship or social and economic circumstances or lor the Publ at large in the interests of soaal Welfa and with the object of improving their conditions ol life, in particular Ihe provision and maintenance ol an open air pool and re¢atIon area Ilhe 'lido"I for the use of inhabilants of the Brighton and Hove & Lewes district and visitors lo Ihearea. 21 To advance the education ol the public in the history and heritage of Salldean, the Saltdean lido and the grade ii. listed building connected to the lido in particular by pserving and maintaining the building and providing educational visits, talks and leclu$ on the hisloryand heritage ol the Saltdean lido and the town ol Saltdean. Act11108 During 2022 the Charity received donalions and grant income lo support rts aims. The Charity's subsi¢Jiary Isaltdean Lido CICI commenced major restoralion works on the main Salldean Lido building and these were ongoing as at the date ol approval of Ihis report. The Trustees consider that the Chanty is now well placed. in conjunction with S8lide8n Lido CIC, to [pIele Ihe project lo ieslore the building. Publle B•n•flt In accoidance with our duties as stated in secbon 17151 of the 2011 Chatrties Act, we have considered the guidan provided by the Charty Commission in regaid to public benefit. This public benefit has been demonstrated by the activities undertaken since the incepts.on of the charity outlined in the'ActMties' sedion above.
SALTDEAN LIDO TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Rlsk Mana9•m•nt The Board of Trustees holds overall responsibilty for Risk Management for the organisatitsn and has conducted review of the major risks to which the organisation is exposed. Consequently and where appropriate, systems or procedures have been established to manage the risks Ihat Ihe Charity faces. Flnan¢ial RgVIgW The charity reports total incorne for the ye8r ended 31 Decernber 2022 of £33.53012021.. £30.6991. Expenditure for the year totaled £34,757 12021". £28,550). which mostly comprised donations lo a related Community Interest Company Isee note 41 to fijrther the Trust's objectives. The charity report a defiril on acb'vibes forthe year to 31 December 2022 of £1.22712021'. surplus of £2,149). As at 31 December 2022, the charity held seNe$ 01 £456,97512021." £458,202) consisting of $tricted funds of £222,800 12021". £230,800), designated funds of £225,000 12021.. £200,OL)01 and unrestiicted fvnds of £9,175 12021.. £27,402). Re8erve¥ pollcy The Trustees have a policy to retsin min1Thrn free reseNes equal totsvelve [nths. e$'mated rninimum overheads Icurrenlty e$Umaled at £4,000) lo ensure fvlur¢ su$tsinability. Unrestricted reserves al 31 December 2022 totalled £9,17512021.' £27,4021. The trustees thefOre consider the charity to be operats'ng in line with the reserves poliry. Futur¢ Pl•n$ The charity pl8n8 on ¢onlinuing the a¢tiirili&8 oullined above in Ih&forlh¢oming years subject lo $8ti$f8dory funding arrangements.
SALTDEAN LIDO TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Trust•ès' r•sponsibllities In rèlation to thè aetounts The Charities Act 2011 require5 the trustees to piepaie accounts ft>r Èach financial yearwhich give a true and frdir view tsf the state of affairs of the chanty and of the incoming iestsufces and applicab.on of resouices, including the ncome and expen¢Jiture, of the charity lor Ihat year. In preparing these accounts, the trustees are required to.. select suitable accounting policies and then appty them consistenljy,. observe the methods and princjples in Ihe Chaiities SORP- make judgements and estimates that are reasonable and prudent., 8nd prepare the 8¢¢ounls on the going concem basis unless il is inappropriate lo presume that the charity will continue In operation. The trustees are responsible lor keeping adequate accounting recofds that disclose with reasonable accuracy at any time the financial position ol the charity and enable them to ensure thal the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detects'on of fraud 8nd other iThegularities. Approved by the board on.. 12 Juty 2023 Signed on behaw ol the board ol trustees D Leaver TruBtee Chartty number.. 1173503
SALTDEAN LIDO TRUST REPORT OF THE INDEPENDENT EXAMINER FOR THE YEAR ENDED 31 DECEMBER 2022 I report to the trustees on my exanmnation of the accounts of Ihe Saltdean Lido Trust Ithe Trust) for the year ended 31 December 2022. R•sponslbllltl•s and basls of report As the charity's trustees, you are responsible forthe preparatw)n of the accounts in accordance with the reqU1MentS ol the Charities Act 2011 (tr Act.). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the ap1¢able Directy'ons given by the Charity Commission under section 14515llbl ol the Acl. Ind•pond•nt èxamln•fs statèm•nt I h8ve completed my examin8bon. l confirm th81 no material matters h8vtr con* to nry attenb'tsn in Ctsnntrction with the examination giving rne cause to believe that in any malerial respect.. 111 accounting Tecord8 were not kept in 8ccordance wlh section 130 of the Charities Ad., or 121 Ihe a¢¢ount$ do nol a¢¢ord wilh thos& records; or 131 Ihe accounts did not comply wth the applicable requirements conceming the fomi and content of accounts set oul in the Charilies IAccounls and Reportsl RegulaD'ons 2008 otherth8n any requirernenl Ihat thè accounts gi¥¢ a'tr and fairf view whi¢h is not a matter ¢on$i4&red as part of an independont examination. I have no ¢on¢ems and have ¢om¢ a¢ros$ no olh&r mall$rs in ¢onne¢ts'on with the examination to which attention Should be drawn in this pOrt in order lo enable a prop¢r undending 01 the a¢¢ounts lo be rea¢h¥d. Mark Cummln8 FCCA On behall ol TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussèx BN44 3TN United Kingdom Dated.. 27 Juty 2023
SALTDEAN LIDO TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted funds Restricted funds Designated funds Totsl 2022 Total 2021 Notès Ineomè from= Donations and grants Investment income 9.810 920 22.800 32.610 920 30.644 55 Total Income 10.730 22,800 33,530 30,699 RalBlng funds 488 488 216 Charftable actlvltle8 Charitable projects 3,4fj9 30.800 34.269 28,334 Total expendlture 3.957 30,800 34,757 28,550 Net Income 6.773 18,0(Kl} 11,2271 2,149 10 GroBs Iranslers in 25,000 25,000 659 Gr038 transfers out 125,0001 125,0001 16591 Net movement In funds 118,2271 I8,0> 25,000 11.2271 2,149 Fund balances at 1 Janu8ry 2022 Fund balances at 31 December 2022 27,402 230,800 200,O¢JO 458,202 456,053 11 9,175 222,800 225,000 456,97S 458,202 l actiwties are dassed as continuing. There a no ognISed gains or losses other than those reported on the Statement of Financial Activities.
SALTDEAN LIDO TRUST BALANCE SHEET AS A T31 DECEMBER 2022 2022 2021 Current Assets Cash al bank and in hand Debtors 457,533 942 459,081 458.475 459,522 Credltor8'. amounts lalllng due wlthln on• y•ar 11,5001 11,3201 Net current a88•ts 4S6,975 458,202 Net a88ets 456,975 458,202 Funds Unrestricted fvnds Restricted funds Designated fijnds 11 9,175 222.800 225,000 27,402 230,800 200,000 10 TOTAL FUNDS 456,970 458,202 The accounts were approved by Ihe Board ol Trustees on 12 Juty 2023 D Leaver Trustee Charity number.. 1173503
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POUCIES The principal accounting policies adopted, judgements and key sources of esb"mats"on uncertainty in the preparation of financial statements are as follows-. 1.1 Basis of accounting The accounts have been prepared in accordance vthh Accounting and Reporting by Charrties.. Statement of Recommended Practice applicable to chafrties prepanng their accounts in accordan wth the Financial Reporting Standard applicable in the UKand RepU1C of Ireland IFRS 1021 (effective 1 January 20151- (Charrties SORP IFRS 10211 and the Charities Act 2011. S8ltde8n Lido Trust rreets the definition of a public beneffit entity under FRS 102. Assets and liabilities are initialty re¢ognis¥d at hi$toii¢al cost or transadion valuè unlè$$ othemse $tsled in the rèlèvant a¢¢ounb'ng poll¢y notèl$l. The financial statements are prepared in sterting, which is the functsonal cutrency ol the ¢harfty. Monetary amounts in these financial stalements are rounded lo thè nearesl pound. The trustees have not prepared consolidaled accounts on the basis that group income is below £1,000.000. 1,2 Pr•paratlon of thè aecounts on a golng eonc•rn bas1• After making appropnate enquiries. the trustees ha¥e a reasonable expectation that the charity has adequate resources to continue in operalional existence for the loreseeable fijture. This indudes taking into account any potential impact ol the COVID-19 pandemsc. There are no material un¢ert8inli&$ about the Charity's ability lo ¢onlinue as 8 90ing ¢on¢em and a8 8u¢h, the going concern basis has been adopted lor the preparation ol these finanual statements. 1.3 Income Grants and donations a crediled to the SOFA when the charty becomes enD'tled lo the income, the income can be measur6d reliably and it bscom6s possibl¢ that the incom¢ will b& r¢¢eived. Whereby 8 9rant 1$ subject lo donor imposed conditions, li.è. they a perfomiance related or the donor specifies the time period in which th8 funds must be spent). th8 Income is recognlsed in lin• wlth such donor imp)s&d condthons. 1.4 Exp•ndlturn Expenditure is accounled for on an accruals basis Vliih the irrecoverable element ol VAT induded wth the item ol expense to which it relates. Charitable expenditu ¢ompiise8 Ihose trJ$l$ incurred by the charity in the delivery Of its a¢livitleS 8nd services lor ils benefi¢i8rie$. Governance costs linduded wthin support costs} indude those costs associated wth meeting the constrtutsonal and statutory reqU1ments of the chanty and indude examination fees and costs linked to the strategic management of the charity. These are induded within support cosls. All costs are allocated tseeen expendrture calegryies ofthe SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated diredty. others are apportioned based on estimated usage as a proportion of d1Ctty attributable expenditure. 1.5 Cash Flow Stst•m•nt In accordance with Seclion 7 01 FRS 102 the charity is daiming exemPn from the requirement to prepare a ash flow st8ternent on awount of its siie. 1.6 Taxation As a thatty, Saltdean Ltdo Ttust is exeriyt Itom tax on incomè and gains to the extent that thèsé arè applied to its charitable objects.
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POLICIES Icontinuedl 1.7 Fund accountlng Funds held by the thanty are either Unrestricted general funds- Ihese are funds vthich can be used in accordance with the charitable objects at the discretion ol the trustees and whid) have not been designated for other purposes. Restricted funds- these are lunds which areto be used in acco(dance with speufic restrith.ons inwosed by donors which have been raised by the charity for particular purposes. The cost of r8iwng and adrninistering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts. Deslgnate¢J fun¢Js- thèse are funds sèt aside by thè trustees out ol unrestricted general funds for speclfic future purposes or projects. 1.8 Cash at bank and In hand C83h al bank and in hand includes bank acu18. cash 8nd short terTn highty liquid investments with a short maturity ol trree months or less from the dale of a¢quisition or opening of the deposits or Similar acctsunl. 1.9 Cr•dltor8 and provS8lon• Creditors and provisions are recognised where the charity has a present obligation resulting from a pasl event that will probabty sU11 in the transfer ol lunds lo a thiid party an(J thtr arts)unl due lo settltr the obligation can be measured or eslirnaled reliably. 1.10 Crltlcal accountlng tImate9 and ludgem•nts In the 8ppIic81ion of the chanty's accounling polries, Ihtr tru$lee$ are required lo maktrjudgemenls, e8timale$ an¢y assumptr'ons about the carrying arTh)unt of assets and liabile$ that are not readity apparent frorn other sources. The estimates and 85s0cialed #ssumoions are based on histtsri¢al experience and other factors that are considered to be relevant. Actual resdls may drffer from these estimates. The estimates and undertying assumptions are rewewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in whth Ihe ests.male is revised. The trustees do not consider that Ihefe a any cth.cal eslimates or areas of judgement that need to be brought to the attention of the readers of the financial st8lerrenls.
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 INCOME FROM DONATIONS & GRANTS 2022 2021 Donations Grants 9,810 19.844 10.600 Total 30.644 EXPENDITURE Grants Payabl• Othèr costs 2022 2021 R4l$lng fund$ 488 488 218 Charltable actlvl¢le8 Ch8rit8ble projects Activities undertaken directly Support ¢08ts (note 41 127 3,342 30,927 3,342 25,344 2,990 Total 3,469 34,269 28,334 Total 30.8CKI Grants payable consists entlty ol grants payable to Saltdean Lido CIC. SUPPORT COSTS 2022 2021 Insurance Other support Govemance costs 1,185 230 1,927 713 957 1,320 3,342 2,990 Govemance costs includes amounts payatle in respect of accountancylindependent examination fees of £1.50012021.. £1.3201.
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 STATEMENT OF FINANCIAL ACTNITIES COMPARATV FUNDS- PERIOD ENDED 31 DECEMBER 2021 Unr•strScted lunds Restdeted funds D•slgnated funds Total 2021 Notes In ome Irom: Donations and grants Investment incom& 19,844 55 10,800 30,644 55 Total Incom• 19,899 10,800 30,699 Ral8lng funds 216 216 Charftablé actlvltlo• Chantable projects 3,993 24,341 28,334 Totsl *xp¢ndltur• 4.209 24.341 28.550 Nét Ineom• 16,690 10,600 124,3411 2,149 lunds.. Gross transfers in 659 659 Gross translèrs out 16S91 16S91 Net movement In fund8 16.349 10.800 125.0001 2.149 Fund balances at 1 January 2021 Fund balaneè8 at 31 December 2021 11,053 220,000 225,000 456,053 11 27,402 230,BOO 200,000 458,202 io
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES, REMUNERATION AND 8ENEFITS There was no trustee remuneration or other benefits or reImbursent of injstee expenditure forthe year ended 310ecember 2022 nor for the year ended 31 December 2021. DEBTORS 2022 2021 Prepaid expenditure 942 441 441 CREDITORS . amount• falllng du• wlthln on• year 2022 2021 Accrued expenditure 1,500 1,320 1,500 1,320 9 RESTRICTED FUNOS The income funds of the charity include Stricted funds conTJrising the lollwng unexpended balanS of donatlons and grants held on trust for speafic purposes." Balance at 1 January 2022 Movement In fundB Balance at 31 December 2022 Income Expendlture Professional fees Restoration ol Sattdean Lido 20,LX)O 210.800 120.0001 110,8001 130.8001 22.800 222,800 230,8 22.800 222,800 Pmfessional fees This is for use tOW8rds Ihe professional fees for the Salldean tido m8in buikling designs to RIBA stsge 4. Restoration of Saftdean Lido This is for use towards the restorat of Sahdean Lido. li
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 10 DESIGNATEO FUNDS The income lunds of the thatity include the folltiwng designated funds which have been set aside out of unrestricted funds by the trustees for specrfic purposes". Balane• at 1 January 2022 Movèm•nt In fund$ Bal#ne• at 31 Decgmber 2022 Income Expenditure Tran8ferB Li40 building 2CKJ.¢ 25.OCKJ 225,000 2CKJ,C 25,OCKJ 225.000 Lldo Bulldlng This is lo support the funding requirements of the main bjilding project. 11 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrn•trlet•d funds R•8trOcted fund• D•8lgnat•d funda December 2022 Totsl Fund balances at 31 December 2022 are represented by.. Current assets Credilors.. arrK)unts lalling due wrfhii one year 10,67S 222,800 225,000 458,475 11,5001 9,17S 222,800 225,000 456,975 Unrnstrlcted funds Rèstrlcted funds De8lgnated funds December 2021 Total Fund balances at 31 December 2021 are represented by. Current assets cdItorS". amounts falling due wthii one year 28,722 11,3201 230,800 200,000 459,522 11,3201 27.402 230,800 200.000 458.202 12
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 12 RELATED PARTY TRANSACMONS During the year the charity made a grant of £30,800 lo Saltdean Lido CIC12021.' £24,341>. There was £272 other related party Ir8n$actions durin9 the pevi(¥110 31 December2022 Iperiod to 31 December 2021.. £nill. 13 CONTROL The Charity is undtrrthtr control ofthtr Tnjslees. 14 SUBSIDIARY On 17 March 2019 it was resolved Ihal Salldean Lido Trust be accepted as a member of Saltdean Lido CIC, company that D Chester, P Shepherd, D Leaver and D Bailey Ilru$tees ol the chantyl are also dirtrctors. The activity of the subsidiary has not been consolidated wlhin these accounts on the basis that group income does not ex8 £1m. The MpanY'S registered office and principal address are Ihe 8an* a8 the prin¢ip81 add85 tsf Saltdean Lido Trust. The sybsidiary'$ finan¢i81 rtLmanCe was a$ follow$= 2022 2021 Total income 360,806 1297,8131 62,993 112,5291 50,464 $04,429 1296,8921 207,S37 140,2411 167,296 Total expenditure Profrt before ta¥ Tax charg6 Profrtlllo$81 after lax Reserves 143,324 92.860 15 CHARITY INFORMAMON sadean Lido Trust is a Charitable Incorporated Organisab"on gIstered in England and Wales. The charity's registered nutnbei and registered offKe address be ft)und on the legal and administrative infortnation page. 13
Company No. CE011107 The Saltdean Lido Trust Report and Financlal Statements For the year ended 31 December 2022 Registered Charity number: 1173503 (England and Wales)
SALTDEAN LIDO TRUST LEGAL & ADMINISTRATIVE INFORMATION Trustges D Bailey D Chester S Hofrox D Leaver P Shephe Charlty Numbgr 1173503 Company Number CE011107 Prlnclpal Address The Courtyard Shoreham Road Upper Beeding Sleyning West Sussex BN44 3TN Indopondènt examlnern TC Grtsjp The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN Bankers HSBC plc 1 Wawd( Street Worthing West Sussex BN11 3DE
SALTDEAN LIDO TRUST CONTENTS Page Tnjstees, report Report oflhe Independent Examiner staterrnt of Financi81 Actmt Balance Sheet Notes to the accounts 7-13
SALTDEAN LIDO TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present their Annual pOrt. together with the financial statemenls lor Saltdean Lido Trust for the year to 31 December 2022. The accounts comply with the Charities Act 2011. and Awjunting and Repotting by Charities.. Statement of Recomrnended Practice applicable to charibes preparing Iheiraccounts in accoidance with the Fin8nual Reporting Standard applicable in the UK and Republic Of Ireland IFRS 1021 leffective 1 January 20151. Structure, Governance & Management The organisation's charitable aims and objectives are set oul in ib constitution. agreed by the Board of Trustees on 21 June 2017. The charily was regisled with the Charity Commission on the 21 June 2017 Icharity number 11735031. Organlsatlonal structurè During the period, the Board of Trustees consisted of Ihe foll1n9 individual$'. D Chester S Horrox P Shepherd D Bailey D Leaver The Board members, who are all volunteers, come from a wide variety ol backgrounds and possess skills that are relevant to the work of the organisation. Obl•etlv•• & Aetlvltl•8 11 To provide orassist in the prowsion of laclth.es for recatIon or other leisure time occupats'on of individuals who have need of such lacilrties by reason of their youth. age infimity or disability. financial hardship or social and economic circumstances or lor the Publ at large in the interests of soaal Welfa and with the object of improving their conditions ol life, in particular Ihe provision and maintenance ol an open air pool and re¢atIon area Ilhe 'lido"I for the use of inhabilants of the Brighton and Hove & Lewes district and visitors lo Ihearea. 21 To advance the education ol the public in the history and heritage of Salldean, the Saltdean lido and the grade ii. listed building connected to the lido in particular by pserving and maintaining the building and providing educational visits, talks and leclu$ on the hisloryand heritage ol the Saltdean lido and the town ol Saltdean. Act11108 During 2022 the Charity received donalions and grant income lo support rts aims. The Charity's subsi¢Jiary Isaltdean Lido CICI commenced major restoralion works on the main Salldean Lido building and these were ongoing as at the date ol approval of Ihis report. The Trustees consider that the Chanty is now well placed. in conjunction with S8lide8n Lido CIC, to [pIele Ihe project lo ieslore the building. Publle B•n•flt In accoidance with our duties as stated in secbon 17151 of the 2011 Chatrties Act, we have considered the guidan provided by the Charty Commission in regaid to public benefit. This public benefit has been demonstrated by the activities undertaken since the incepts.on of the charity outlined in the'ActMties' sedion above.
SALTDEAN LIDO TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Rlsk Mana9•m•nt The Board of Trustees holds overall responsibilty for Risk Management for the organisatitsn and has conducted review of the major risks to which the organisation is exposed. Consequently and where appropriate, systems or procedures have been established to manage the risks Ihat Ihe Charity faces. Flnan¢ial RgVIgW The charity reports total incorne for the ye8r ended 31 Decernber 2022 of £33.53012021.. £30.6991. Expenditure for the year totaled £34,757 12021". £28,550). which mostly comprised donations lo a related Community Interest Company Isee note 41 to fijrther the Trust's objectives. The charity report a defiril on acb'vibes forthe year to 31 December 2022 of £1.22712021'. surplus of £2,149). As at 31 December 2022, the charity held seNe$ 01 £456,97512021." £458,202) consisting of $tricted funds of £222,800 12021". £230,800), designated funds of £225,000 12021.. £200,OL)01 and unrestiicted fvnds of £9,175 12021.. £27,402). Re8erve¥ pollcy The Trustees have a policy to retsin min1Thrn free reseNes equal totsvelve [nths. e$'mated rninimum overheads Icurrenlty e$Umaled at £4,000) lo ensure fvlur¢ su$tsinability. Unrestricted reserves al 31 December 2022 totalled £9,17512021.' £27,4021. The trustees thefOre consider the charity to be operats'ng in line with the reserves poliry. Futur¢ Pl•n$ The charity pl8n8 on ¢onlinuing the a¢tiirili&8 oullined above in Ih&forlh¢oming years subject lo $8ti$f8dory funding arrangements.
SALTDEAN LIDO TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Trust•ès' r•sponsibllities In rèlation to thè aetounts The Charities Act 2011 require5 the trustees to piepaie accounts ft>r Èach financial yearwhich give a true and frdir view tsf the state of affairs of the chanty and of the incoming iestsufces and applicab.on of resouices, including the ncome and expen¢Jiture, of the charity lor Ihat year. In preparing these accounts, the trustees are required to.. select suitable accounting policies and then appty them consistenljy,. observe the methods and princjples in Ihe Chaiities SORP- make judgements and estimates that are reasonable and prudent., 8nd prepare the 8¢¢ounls on the going concem basis unless il is inappropriate lo presume that the charity will continue In operation. The trustees are responsible lor keeping adequate accounting recofds that disclose with reasonable accuracy at any time the financial position ol the charity and enable them to ensure thal the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detects'on of fraud 8nd other iThegularities. Approved by the board on.. 12 Juty 2023 Signed on behaw ol the board ol trustees D Leaver TruBtee Chartty number.. 1173503
SALTDEAN LIDO TRUST REPORT OF THE INDEPENDENT EXAMINER FOR THE YEAR ENDED 31 DECEMBER 2022 I report to the trustees on my exanmnation of the accounts of Ihe Saltdean Lido Trust Ithe Trust) for the year ended 31 December 2022. R•sponslbllltl•s and basls of report As the charity's trustees, you are responsible forthe preparatw)n of the accounts in accordance with the reqU1MentS ol the Charities Act 2011 (tr Act.). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the ap1¢able Directy'ons given by the Charity Commission under section 14515llbl ol the Acl. Ind•pond•nt èxamln•fs statèm•nt I h8ve completed my examin8bon. l confirm th81 no material matters h8vtr con* to nry attenb'tsn in Ctsnntrction with the examination giving rne cause to believe that in any malerial respect.. 111 accounting Tecord8 were not kept in 8ccordance wlh section 130 of the Charities Ad., or 121 Ihe a¢¢ount$ do nol a¢¢ord wilh thos& records; or 131 Ihe accounts did not comply wth the applicable requirements conceming the fomi and content of accounts set oul in the Charilies IAccounls and Reportsl RegulaD'ons 2008 otherth8n any requirernenl Ihat thè accounts gi¥¢ a'tr and fairf view whi¢h is not a matter ¢on$i4&red as part of an independont examination. I have no ¢on¢ems and have ¢om¢ a¢ros$ no olh&r mall$rs in ¢onne¢ts'on with the examination to which attention Should be drawn in this pOrt in order lo enable a prop¢r undending 01 the a¢¢ounts lo be rea¢h¥d. Mark Cummln8 FCCA On behall ol TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussèx BN44 3TN United Kingdom Dated.. 27 Juty 2023
SALTDEAN LIDO TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted funds Restricted funds Designated funds Totsl 2022 Total 2021 Notès Ineomè from= Donations and grants Investment income 9.810 920 22.800 32.610 920 30.644 55 Total Income 10.730 22,800 33,530 30,699 RalBlng funds 488 488 216 Charftable actlvltle8 Charitable projects 3,4fj9 30.800 34.269 28,334 Total expendlture 3.957 30,800 34,757 28,550 Net Income 6.773 18,0(Kl} 11,2271 2,149 10 GroBs Iranslers in 25,000 25,000 659 Gr038 transfers out 125,0001 125,0001 16591 Net movement In funds 118,2271 I8,0> 25,000 11.2271 2,149 Fund balances at 1 Janu8ry 2022 Fund balances at 31 December 2022 27,402 230,800 200,O¢JO 458,202 456,053 11 9,175 222,800 225,000 456,97S 458,202 l actiwties are dassed as continuing. There a no ognISed gains or losses other than those reported on the Statement of Financial Activities.
SALTDEAN LIDO TRUST BALANCE SHEET AS A T31 DECEMBER 2022 2022 2021 Current Assets Cash al bank and in hand Debtors 457,533 942 459,081 458.475 459,522 Credltor8'. amounts lalllng due wlthln on• y•ar 11,5001 11,3201 Net current a88•ts 4S6,975 458,202 Net a88ets 456,975 458,202 Funds Unrestricted fvnds Restricted funds Designated fijnds 11 9,175 222.800 225,000 27,402 230,800 200,000 10 TOTAL FUNDS 456,970 458,202 The accounts were approved by Ihe Board ol Trustees on 12 Juty 2023 D Leaver Trustee Charity number.. 1173503
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POUCIES The principal accounting policies adopted, judgements and key sources of esb"mats"on uncertainty in the preparation of financial statements are as follows-. 1.1 Basis of accounting The accounts have been prepared in accordance vthh Accounting and Reporting by Charrties.. Statement of Recommended Practice applicable to chafrties prepanng their accounts in accordan wth the Financial Reporting Standard applicable in the UKand RepU1C of Ireland IFRS 1021 (effective 1 January 20151- (Charrties SORP IFRS 10211 and the Charities Act 2011. S8ltde8n Lido Trust rreets the definition of a public beneffit entity under FRS 102. Assets and liabilities are initialty re¢ognis¥d at hi$toii¢al cost or transadion valuè unlè$$ othemse $tsled in the rèlèvant a¢¢ounb'ng poll¢y notèl$l. The financial statements are prepared in sterting, which is the functsonal cutrency ol the ¢harfty. Monetary amounts in these financial stalements are rounded lo thè nearesl pound. The trustees have not prepared consolidaled accounts on the basis that group income is below £1,000.000. 1,2 Pr•paratlon of thè aecounts on a golng eonc•rn bas1• After making appropnate enquiries. the trustees ha¥e a reasonable expectation that the charity has adequate resources to continue in operalional existence for the loreseeable fijture. This indudes taking into account any potential impact ol the COVID-19 pandemsc. There are no material un¢ert8inli&$ about the Charity's ability lo ¢onlinue as 8 90ing ¢on¢em and a8 8u¢h, the going concern basis has been adopted lor the preparation ol these finanual statements. 1.3 Income Grants and donations a crediled to the SOFA when the charty becomes enD'tled lo the income, the income can be measur6d reliably and it bscom6s possibl¢ that the incom¢ will b& r¢¢eived. Whereby 8 9rant 1$ subject lo donor imposed conditions, li.è. they a perfomiance related or the donor specifies the time period in which th8 funds must be spent). th8 Income is recognlsed in lin• wlth such donor imp)s&d condthons. 1.4 Exp•ndlturn Expenditure is accounled for on an accruals basis Vliih the irrecoverable element ol VAT induded wth the item ol expense to which it relates. Charitable expenditu ¢ompiise8 Ihose trJ$l$ incurred by the charity in the delivery Of its a¢livitleS 8nd services lor ils benefi¢i8rie$. Governance costs linduded wthin support costs} indude those costs associated wth meeting the constrtutsonal and statutory reqU1ments of the chanty and indude examination fees and costs linked to the strategic management of the charity. These are induded within support cosls. All costs are allocated tseeen expendrture calegryies ofthe SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated diredty. others are apportioned based on estimated usage as a proportion of d1Ctty attributable expenditure. 1.5 Cash Flow Stst•m•nt In accordance with Seclion 7 01 FRS 102 the charity is daiming exemPn from the requirement to prepare a ash flow st8ternent on awount of its siie. 1.6 Taxation As a thatty, Saltdean Ltdo Ttust is exeriyt Itom tax on incomè and gains to the extent that thèsé arè applied to its charitable objects.
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POLICIES Icontinuedl 1.7 Fund accountlng Funds held by the thanty are either Unrestricted general funds- Ihese are funds vthich can be used in accordance with the charitable objects at the discretion ol the trustees and whid) have not been designated for other purposes. Restricted funds- these are lunds which areto be used in acco(dance with speufic restrith.ons inwosed by donors which have been raised by the charity for particular purposes. The cost of r8iwng and adrninistering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts. Deslgnate¢J fun¢Js- thèse are funds sèt aside by thè trustees out ol unrestricted general funds for speclfic future purposes or projects. 1.8 Cash at bank and In hand C83h al bank and in hand includes bank acu18. cash 8nd short terTn highty liquid investments with a short maturity ol trree months or less from the dale of a¢quisition or opening of the deposits or Similar acctsunl. 1.9 Cr•dltor8 and provS8lon• Creditors and provisions are recognised where the charity has a present obligation resulting from a pasl event that will probabty sU11 in the transfer ol lunds lo a thiid party an(J thtr arts)unl due lo settltr the obligation can be measured or eslirnaled reliably. 1.10 Crltlcal accountlng tImate9 and ludgem•nts In the 8ppIic81ion of the chanty's accounling polries, Ihtr tru$lee$ are required lo maktrjudgemenls, e8timale$ an¢y assumptr'ons about the carrying arTh)unt of assets and liabile$ that are not readity apparent frorn other sources. The estimates and 85s0cialed #ssumoions are based on histtsri¢al experience and other factors that are considered to be relevant. Actual resdls may drffer from these estimates. The estimates and undertying assumptions are rewewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in whth Ihe ests.male is revised. The trustees do not consider that Ihefe a any cth.cal eslimates or areas of judgement that need to be brought to the attention of the readers of the financial st8lerrenls.
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 INCOME FROM DONATIONS & GRANTS 2022 2021 Donations Grants 9,810 19.844 10.600 Total 30.644 EXPENDITURE Grants Payabl• Othèr costs 2022 2021 R4l$lng fund$ 488 488 218 Charltable actlvl¢le8 Ch8rit8ble projects Activities undertaken directly Support ¢08ts (note 41 127 3,342 30,927 3,342 25,344 2,990 Total 3,469 34,269 28,334 Total 30.8CKI Grants payable consists entlty ol grants payable to Saltdean Lido CIC. SUPPORT COSTS 2022 2021 Insurance Other support Govemance costs 1,185 230 1,927 713 957 1,320 3,342 2,990 Govemance costs includes amounts payatle in respect of accountancylindependent examination fees of £1.50012021.. £1.3201.
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 STATEMENT OF FINANCIAL ACTNITIES COMPARATV FUNDS- PERIOD ENDED 31 DECEMBER 2021 Unr•strScted lunds Restdeted funds D•slgnated funds Total 2021 Notes In ome Irom: Donations and grants Investment incom& 19,844 55 10,800 30,644 55 Total Incom• 19,899 10,800 30,699 Ral8lng funds 216 216 Charftablé actlvltlo• Chantable projects 3,993 24,341 28,334 Totsl *xp¢ndltur• 4.209 24.341 28.550 Nét Ineom• 16,690 10,600 124,3411 2,149 lunds.. Gross transfers in 659 659 Gross translèrs out 16S91 16S91 Net movement In fund8 16.349 10.800 125.0001 2.149 Fund balances at 1 January 2021 Fund balaneè8 at 31 December 2021 11,053 220,000 225,000 456,053 11 27,402 230,BOO 200,000 458,202 io
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES, REMUNERATION AND 8ENEFITS There was no trustee remuneration or other benefits or reImbursent of injstee expenditure forthe year ended 310ecember 2022 nor for the year ended 31 December 2021. DEBTORS 2022 2021 Prepaid expenditure 942 441 441 CREDITORS . amount• falllng du• wlthln on• year 2022 2021 Accrued expenditure 1,500 1,320 1,500 1,320 9 RESTRICTED FUNOS The income funds of the charity include Stricted funds conTJrising the lollwng unexpended balanS of donatlons and grants held on trust for speafic purposes." Balance at 1 January 2022 Movement In fundB Balance at 31 December 2022 Income Expendlture Professional fees Restoration ol Sattdean Lido 20,LX)O 210.800 120.0001 110,8001 130.8001 22.800 222,800 230,8 22.800 222,800 Pmfessional fees This is for use tOW8rds Ihe professional fees for the Salldean tido m8in buikling designs to RIBA stsge 4. Restoration of Saftdean Lido This is for use towards the restorat of Sahdean Lido. li
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 10 DESIGNATEO FUNDS The income lunds of the thatity include the folltiwng designated funds which have been set aside out of unrestricted funds by the trustees for specrfic purposes". Balane• at 1 January 2022 Movèm•nt In fund$ Bal#ne• at 31 Decgmber 2022 Income Expenditure Tran8ferB Li40 building 2CKJ.¢ 25.OCKJ 225,000 2CKJ,C 25,OCKJ 225.000 Lldo Bulldlng This is lo support the funding requirements of the main bjilding project. 11 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrn•trlet•d funds R•8trOcted fund• D•8lgnat•d funda December 2022 Totsl Fund balances at 31 December 2022 are represented by.. Current assets Credilors.. arrK)unts lalling due wrfhii one year 10,67S 222,800 225,000 458,475 11,5001 9,17S 222,800 225,000 456,975 Unrnstrlcted funds Rèstrlcted funds De8lgnated funds December 2021 Total Fund balances at 31 December 2021 are represented by. Current assets cdItorS". amounts falling due wthii one year 28,722 11,3201 230,800 200,000 459,522 11,3201 27.402 230,800 200.000 458.202 12
SALTDEAN LIDO TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 12 RELATED PARTY TRANSACMONS During the year the charity made a grant of £30,800 lo Saltdean Lido CIC12021.' £24,341>. There was £272 other related party Ir8n$actions durin9 the pevi(¥110 31 December2022 Iperiod to 31 December 2021.. £nill. 13 CONTROL The Charity is undtrrthtr control ofthtr Tnjslees. 14 SUBSIDIARY On 17 March 2019 it was resolved Ihal Salldean Lido Trust be accepted as a member of Saltdean Lido CIC, company that D Chester, P Shepherd, D Leaver and D Bailey Ilru$tees ol the chantyl are also dirtrctors. The activity of the subsidiary has not been consolidated wlhin these accounts on the basis that group income does not ex8 £1m. The MpanY'S registered office and principal address are Ihe 8an* a8 the prin¢ip81 add85 tsf Saltdean Lido Trust. The sybsidiary'$ finan¢i81 rtLmanCe was a$ follow$= 2022 2021 Total income 360,806 1297,8131 62,993 112,5291 50,464 $04,429 1296,8921 207,S37 140,2411 167,296 Total expenditure Profrt before ta¥ Tax charg6 Profrtlllo$81 after lax Reserves 143,324 92.860 15 CHARITY INFORMAMON sadean Lido Trust is a Charitable Incorporated Organisab"on gIstered in England and Wales. The charity's registered nutnbei and registered offKe address be ft)und on the legal and administrative infortnation page. 13