VIrwalS￿￿atur*TrJnSathn Rfrf. D68fvvNw*3￿2s{k12024 10."43".22 BST(UTC +1}D 112 P 1121 Charlty number: 1173503 Saltdean Lido Trust (A company limited by guarantee) Unaudited Trustees, report and flnanclal statements For the year ended 31 December 2023 VirwalS￿natur￿TrJnSa¢th)Th R&f. D￿vN&j-HJTt 25 0¢12024 10..4322 8STiufc +11 D 1r£p2f21 Saltdoan Lldo Trust IA company limited by guarantee) Contents Page Reference and administrative details of the Charity, ils Trnstees and advisers Trustees. report Indopondont oxamlnerf$ r•port Statement of flnanclal actlvltles Balance sheet Notos to th• financlal statsm•nts 9-19 VinUa15￿naturQT￿jnsa¢th)Th R&f. D6WVN&J-H3Tt 25 0¢12024 10..4322 8STILrrc +11 D Ir2P Saltdean Lido Trust IA company limited by guarantee) R8fèr8nc8 and administratiY8 dètails of thè Charlty. Its Trnst••s and advlsèrs For the year ended 31 December 2023 Trustèès D Leaver D Bailey P Shepherd D Chester S Horrox K Tong lapwinted 7 August 20241 Company règlstered number CE011107 ChaTIty r￿ls￿led numb•r 1173503 R•glst•r•d offlco cjo Kreslon R88VOS 9 Donnington Park Chichester West Sussex P020 7KI A¢¢ountsnt$ Kreston Reeves LLP Chartered Accountants 9 Donnington Park 85 Birdham Road Chichester Wesl Sussex P020 7AJ Bank•r8 HSBC plc 1 Warwick Streel Wothing Wesl Sussex BN113DE Page 1 VinUa15￿naturQT￿jnsa¢th)Th R&f. D6WVN&J-H3Tt 25 0¢12024 10..4322 8STILrrc +11 D P4r21 Saltdean Lido Trust IA company limited by guarantee) Trustees. report For the year ended 31 December 2023 The Trustees present their annual repK)rt together the financyal 5tatement5 of the Charity for the year 1 January 2023 10 31 December 2023. The Annual report serves the purposes of both a Trustees. r&ptsrt and a directors, report under ¢ompany law. The Tnjstees confim) that the Annual report and financial statements of the charitable company comply with the currenl statutory requirements, Ihe requirements of the charitable company's goveming document and the provisions of the Stalement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 {effective 1 January 2019). Since the Charity qualifies as small under section 382 of the Companies Act 2006. the Stralegic report required of medium and large companies under the Companies Act (Strategic Report and Directors. Report) Regulations 2013 has been omitted. Obl•etlv•$ and aetlvltl a. Policles and objectlvos The organisation's charitable aims and oty'ectives are set out in its constitution. agreed by the Board of Trustees on 21 June 2017. The charity was registered with the Charity Cornmission on the 21 June 2017 (Charity number 11735031. The objectives aro.. 11 To provide or assist in the provision of facilities for recsealion or other leisure lime occupation of individuals who have need ol such facilities by reason of their ￿￿[h. age infirmity or disability. financial hardship or social and eeonomic circumstances or for the public al large in the interesls of social Welfa￿ 8nd with the object of improving their conditions ol life, in particular Ihe provision and maintenance of an open air wol and recrgalion area (the 'lido'l for the use of inhabitants of the Bri9hlon and Hove & Lewes district and visitors to the area. 21 To advance the educab'on of ihe public in the history and herilage of Salidean, the Saltdean lido and the grade11 listed building connected lo the lido in particular by preserving and maintaining the building and providing educational visits. talks an¢J lectures on Ihe history and heritage of the Saltdean lido and the town of Salldean. In setting objectives and planning lor aclivth'es, the Trustees have given due consideration lo gènèral 9uidancè publish8d by the Charity Commission relatsng to public b8n8fit, including tho guidan¢o 'Public benefit.. running a charity IPB21'. b. Strategles for a¢hlevlng obJectlve$ The Trust's strategy is lo rdise funds from organisats'ons and individuals that support charitable causes associated with historic buildings. sporbng activities and I{￿al communitie5, and grant those funds, when rgquired. to ils nol-for-profil trading subsidiary Ilhe CIC") to execute programmos of work that further the aims of the Trust. . Activitie5 undertaken to achieve objectives and to further the Charity's purposes for the public benefit The Trust continues to operate the successful "Friends of Salldean Lido" scheme and other fundraising aclivities. d. Publi¢ B¢n•frt In accordance with our duties as stated in section 17151 of Ihe 2011 Charities Act, we have considered the guidance provided by the Charity Cornwni5sion in regar¢J to public benefit. This public benefit has been demonstrated by the activities undertaken since the inceplion of the charity ouuined in the 'Aclivities' seotion above. Page 2 VinUa15￿naturQT￿jnsa¢th)Th R&f. D6WVN&J-H3Tt 25 0¢12024 10..4322 8STILrrc +11 D P 5r21 Saltdean Lido Trust IA company limited by guarantee) Trust8as' raport Icontinuèdl For the year ended 31 December 2023 Achievements and performance a. Main achievements of the Charity During 2023 the Charity received donations and legacy income lo support ils aims. The Charills subsidiary Isalldean Lido CICI conlinue(I major reslorab.on works on the main Sallilean Lido building and these were substsntially Complete as at the date of approval of this report. The Trustees consider that the Charity is now W811 placed, in conjundion with Saltdean Lido CIC. lo establish the building and pool as an ongoin9 not-for- profit business operation. Flnanclal r•vlew . Going concem Aftèr making appropriatè enquiries, the Trusteès have a reasonable expèclation that the Charity has adequatg resources lo continue in operational existence for the foreseeable future. For Ihis reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be folbnd in Ihe acc(yJntirwJ policAes. b. R•s•rvos pollcy The Trustees have a policy lo retain minimum free reserves equal lo expected overheads for 12 months Icurrgnlly esllmated al £8,000> lo ensure fulure suslainability. Unrestricted general reserves al 31 December 2023 totalled £11,55512022- £9,175). The reserves in excess of the minimum will be used to fvrther Ihe obj'ectives of the Charity. The trustees consider the charity lo be operating in line with the reserves policy. ¢. Flnan¢lal Revlew The charrty reports lolal income lor the year ended 31 De￿mber 2023 of £9S,52412022 - £33,S301. Expenditure for the year lotslled £208.144 {2022 - £34,757), which mosuy comprised donations lo a re181ed Community Int8rgst Companylsge note 131 to fvrthor th8 Trust's obJ'8Ctives. The charity reports a deficit on activities for the year to 31 December 2023 of £112,62012022 - deficit of £1,2271. As al 31 December 2023, the charity he￿j reserves of £344,35512022 - £456,975) consisting of reslricled funds of £22,800 12022 - £222,800), designated funds of £310,000 12022 £225,WOI and unreslrided funds of £11,55512022 £9,175}. d. Rlsk Management The Board of Trustees holds overall responsibility for Risk Management for the organisation and has conducted a review of the major risks (o which the organisalion is exposed. Consequently and where appropriale, systems or procedures have been established to manage the risks thal Ihe Charity faces. •. Futur8 Plans The charity plans on continuing the activttie5 outlined aLx)ve in the forthcoming ypars subject to salisfaclory funding arrangements. Page 3 VinUa15￿naturQT￿jnsa¢th)Th R&f. D6WVN&J-H3Tt 25 0¢12024 10..4322 8STILrrc +11 D Ir2P 6r21 Saltdean Lido Trust IA company limited by guarantee) Trust8as' raport Icontinuèdl For the year ended 31 December 2023 Structure, governance and management a. ConstitLrtion Salldean Lido Trust is registered as 8 charitable irthrwxaled organisation and was sèt up by a Tmsl deed. b. Methods of appointment or election of Trustees The management of the Charity is the responsibilty of Ihe Trustees vtho are elected and ¢tropted under the lerms of the Trust deed. c. OTganlBatlon*l $tru¢turo During the period. the Board of Trustees consisted of the following individuals.. D Chester S Horrox P Shepherd D Bailey D Leavar The Board members. who are all volunleers, ￿rne Irom a wide variety of background5 and possess skills that are relevant lo the work ol the organisalion. Statement of Tru¥tee8' respon81bllltl88 The Trustees (who are also the d1￿CtOrS of the Charity for the purposes of company lawl are responslble for prgparing the Truslees, report and Ihe financial slalements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accèpt8d Accounting Practice). Company law requires the Trustees lo prepa￿ financial slalemenls for eaeh financial year. Under Company law, the Trustees musl not approve the financial stslements unless they are satisfied Ihal they give a true and fair view of Ihe slate ol affairs ol the Charity and of tts in￿ming resources and application of resources, including ils incomg and expenditure, for that pgriod. In preparing these financial statements, the Trustogs aro roquired to.. select suitable 8ccounting policies and then apply them consistenlly,. observe the methods and principles ol the Charities SORP IFRS 1021., make judgments and accounting eslimale5 that are reasonable and prudent.. state whether applicable UK Accounting Standards IFRS 1021 have been followgd, subject to any material departures disdosed and explained in the financial statements.. prepa￿ the financial ststemenls on the goiThJ con¢em basis unless il is inappropriate to presume that the Charily will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions 8nd d15c105e with reasonable aGGuraGy at any lime the financial position of the Charity and anable them to ènsurè that thg financial ststÈmènts comply wtih thè Companiès Act 2006. Thèy arè also responsible for safeguarding Ihe asseis of the Charity and hence for taking reasonable steps lor the prevention and detection of fraud and other irregularities. Page 4 Vinual5￿natUrfrTr4nsa¢￿n R&f. D6WVN&J-H3Tt 25 Oci 2024 10..4322 BSTiufc +11 D 112P7f21 Saltdean Lido Trust IA company limited by guarantee) Trust8•s' rèport Icontinuèdl For the year ended 31 December 2023 Approved by order of the members of the Lw)ard of Trustees ar￿ signed on their behalf by.. D Leaver (Trusleel Dale.. 2511012024 Page 5 VinUa15￿naturQT￿jnsacth)Th R&f. D6WVN&J-H3Tt 25 0¢12024 10..4322 8STILrrc +11 D Ir2P W1 Saltdean Lido Trust IA company limited by guarantee) Independent examinerfs report For th• year ¢nd¢d 31 D¢¢¢mb•r 2023 Independent examinerfs report to the Trustees of Saltdean Lido Trust I'the Charity'l I rewrt to the charity Trustees my examination of the acujunts of the Charity for the year ended 31 December 2023. Responslbllltlfrs and basls of roport As the Trustees of the Charity {and its directors for the purposes of company lawl you are responsible for the preparats'on of the accounts in accx)rdance with the requirements of the Companies Act 20061.lhe 2006 Acl'l. Having satisfied myself that the accounts of Ihe Charity are not required to be audited under Part 16 01 the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charitls accounts carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl ol the 2011 Act. Indep8nd8nt 8xamlnerf8 Statemenl I have completed my examination. I confimi that no Matte￿ have come to my attention In connectlon wllh the examination giving me cause lo believe". accounting records were not kept in respèct of the Charity as required by section 386 of the 2006 Act; or the accounts do not accord with those records; or the accounts do nol comply wilh the accounting requirements of sgction 396 of thg 2006 A¢¢ other Ihan any requirement that the a￿o￿nts gi￿ a 'lwe and fairf vigw whith is not a matter ￿nSIdered as part of an independent examination.. or the accounts havè not been propared in aetL)rdan¢è with the methods and prinuples of the Statement ol Recommended Practice for accounting an(J reporting by chawilies lapplicable lo charities preparing Ihelr accounts in accordance with the Finanual Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 10211. I have no concems 8nd have come across no other matters in connection with the examination lo which 8tlenlion should be drawn in Ihis ￿port in order to enable a proper unde￿tanding ol the acry)unts to be rea¢h8d. This report is made solely lo the Chariws Trustees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Charity's Trustees those matters l am required lo stste lo them in an Independent exarninerfs report and lor no other purpose. To the ftjllest extent pemiitted by law. I do not 8￿pt or assume responsibility lo anyone other than Ihg Charity and thg Charitys Trusteos as a Ixxly, for my work or for this report. Signed.. Lucy Hammond Bsc FCA Kr•stan Rè•v•s LLP Chartered Accountants 9 Donninglon Park 85 Birdham Road Chichester West Sussex P020 7AJ Daied.. 25 Ociober 2024 Page 6 Vinual5￿natUrfrTr4nsa¢ty)n R&f. D6WVN&J-H3Tt 25 0¢12024 10..4322 8STiufc +11 D 1r2P 9r21 Saltdean Lido Trust IA company limited by guarantee) Statement of financial activities (incorporating inc¢)me and expenditure a¢¢ountl For th• year ¢nd¢d 31 D¢¢¢mb•r 2023 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Total funds 2022 Incom• from.. Donations, grants and legacies Investments 88.685 6.839 88,685 6,839 32,610 920 Totsl Income 95.524 95,524 33,530 Expenditure on: Raising lunds Charitable activi11gS 216 7.928 216 207,928 488 34.269 200,000 Total 8x￿nd1tura 8.144 200,000 208,144 34.757 N•t mov•m•nt In fund$ 87.380 1200.0001 1112,6201 11,2271 Re¢on¢lllatlon of funds: Total funds brought forward Nel movement in fund5 234,175 87.380 222.800 1200,0001 456,975 1112,6201 458,202 11,2271 Total funds carrlod forward 321.555 22.800 344,355 456,975 The Slalemenl of financial activilies indudes all gains and h)sses recognised in the year. The notes on pages 9 10 19 fomi part ol these financial statements. Page 7 VinUa15￿naturQT￿jnsa¢th)Th R&f. D6WVN&J-H3Tt 25 0¢12024 10..4322 8STILrrc +11 D Ir2P I(V21 Saltdean Lido Trust IA company limited by guarantse) Registered number- CE011107 Balan¢¢ she•t As at 31 Dècèmb8r 2023 2023 2022 Curr¢nt a$$¢ts Debtors Cash at bank and in hand 10 2.352 345,539 942 457,533 347,891 458,475 Croditors= amounts falling due within one year {3.5361 11,5001 Not current assets 344,355 456,975 Total not assets 344,355 456,975 Charlty fund8 Restricted funds Unreslricled funds 12 12 22,800 321,555 222,800 234,175 Total funds 344,355 456.975 The Charity was ents'lled to exemption from audit under section 477 of Ihe Companies Act 2006. The members have not required the company to obtain an audit for the year in quests'on in accordance with section 476 of Companies Acl 2006. The Trustees acknowledge their ￿sp(￿l$1b1lItses ffx cOmpl￿n9 wilh the requirements of the Act with respect to accounting records and preparation of financial slalements. The financial statements have been prepared in accordance wrth the provisions applicable to entities subjed to the small companies regime. The financial stslemenls were approved and authorised for issue by the Trustees and signed on their behalf by.. D Leaver ITru51eel 08te.' 2511012024 The notes on pages 9 to 19 form part of these financial stalements. Page 8 VinUa15￿naturQT￿jnsa¢th)Th R&f. D6WVN&J-H3Tt 25 0¢12024 10..4322 8STILrrc +11 D P 11R21 Saltdean Lido Trust IA company limited by guarantee) Notes to the financial Statements For th• year ¢nd¢d 31 D¢¢¢mb•r 2023 Accounting policies 1.1 Basis of prèparatlon of finanelal statèmènts The financial siatements have been prepared in accordance wth the Charities SORP IFRS 1021- Accounting and Reph)rting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecbve 1 January 20191. the Fin8nci81 ReFK>rting Standard applicable in the UK and Republic ol I￿18nd IFRS 1021 and the Companies Act 2006. Salldean Lido Trustsaltdean Lido Trust meets the definit￿n of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2 Golng con¢•rn The Trustees assess whether the goiThJ concern basis is appropriale and whether there are any material uncertainlies related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concem. Having reviewed the revised future projected cash flDW5, the Trustees have a reasonable expectation that the charity has adequate resources lo continue ils 8Ctiviles for the foreseeable fulure. The Trustees have considered the level of reserves held and th8 expected level of income and expendilvfe lor a penod ol iwtslve months from finalisalion ol these financial slatemenls. Therefore the Trustees continue lo adopt the going concem basis in preparing the finan¢ial statemènls as oullined in thg Siatemenl ol Trustees, responsibilitlg$. 1.3 Income All income is recognised once the Charrty has enlillemenl to the income. il is probable that tha Income will be receive