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← Elswick Community Pool And Leisure Centre CIO

2024-08-31-accounts

Company Registration Number CE010758

Registered Charity Number 1174227

ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION)

REPORT AND ACCOUNTS For the year to 31 August 2024

ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 AUGUST 2024 TRUSTEES’ REPORT

The Trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Elswick Community Pool and Leisure Centre CIO Charity registration number 1174227 Company registration number CE010758

Registered office

Elswick Community Leisure Centre, Elswick Park, Beech Grove Road, Newcastle Upon Tyne, NE4 6RS

Trustees

The Trustees of Elswick Community Pool and Leisure Centre CIO during the year and to the date of signing of this report are as follows:

Gerard Hunwick (Chair, local resident) Diane Fallon Tait (Vice-Chair, local resident) Niamh Cunningham (Treasurer, local resident) Taymar Pitman (local resident) – Resigned 21 May 2024 Hannah Mackay-Christie (local resident) Helen Dix (local resident) Joanna Elson (local resident) Julie Blackie – Appointed 21 May 2024 Shazad Khan (local resident) – Appointed 21 May 2024 Mikey Tynemouth (local resident) – Appointed 21 May 2024; resigned 23 July 2024 Louise Douglas (Centre West representative) – Resigned 21 May 2024

Observers/Co-Opted Board Members

Cllr Habib Rahman (Appointed by Elswick Ward Councillors)

Bankers Co-operative Bank plc, P.O. Box 101, 1 Balloon Street, Manchester, M60 4EP

Independent Examiner Mr P O’Hara FCA, Chartered Accountant, 26 La Sagesse, Jesmond, Newcastle Upon Tyne NE2 3AF

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Documents

The Charity is a Charitable Incorporated Organisation, a charity registered under a body corporate under part 11 of the Charities Act 2011, registered with the Charity Commission and Companies House on 11 August 2017.

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 AUGUST 2024 TRUSTEES’ REPORT

STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)

Governing Documents (Cont.)

Eligibility for membership of the charity and membership of the Board of Trustees is governed by the Constitution. There are no restrictions in the governing document on the operation of the charity other than those imposed by general charity law.

Elswick Community Pool & Leisure Centre CIO (ECP) was set up by Newcastle West End residents. The Board aims to have a majority of its Trustees from the local community, to ensure the voice of local people is paramount in its decisions. Anyone living in Elswick, Arthur’s Hill, Monument, Wingrove and Benwell & Scotswood wards is eligible for election as a community trustee.

Governance

The charity currently has 8 Trustees and 1 representative of the Elswick Ward Councillors.

Appointment and Induction of Trustees

Trustees are appointed at the Annual General Meeting and can be co-opted during the year by the board of Trustees. Elswick Ward City Councillors are entitled to one seat, the member to be decided by the Councillors.

Potential new Trustees are asked to complete an application form listing the skills and knowledge they can offer the charity.

Newly appointed Trustees are provided with a copy of the constitution and offered induction into the history and operation of the charity.

Key Management Personnel

Phil Jameson is our Centre Manager and has delegated responsibility for running the pool and leisure centre. Larisa Sucan is the Senior Deputy Manager and assists Phil in overseeing the running of the centre.

Grant-making

The charity does not currently engage in grant-making activity.

Volunteers

We rely heavily on local volunteer input to manage the charity. Trustees are all volunteers and are responsible for management oversight.

In addition to our Trustee volunteers, we have been grateful for the contribution of those who freely provided time and expertise assisting us with all aspects of our operation, from the technical to the strategic. A group of local people (‘the Friends of Elswick Pool’) has helped in so many practical ways in supporting community events and activities. We are particularly grateful to Graeme Williams and Richard Beedle for their continuing support to the Board, and for the work they have done in our strategy for decarbonisation.

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 AUGUST 2024 TRUSTEES’ REPORT

STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)

Volunteering (Cont.)

We have worked with Volunteering Matters to develop a volunteering strategy which has been adopted and is providing valuable assistance in the day-to-day operations of the centre.

We work with young people completing volunteer programmes such as Duke of Edinburgh.

We estimate Trustees contributed a minimum of 1,500 hours during the year, with a further 800 hours contributed by others.

Reserves Policy

The Trustees have reviewed the charity's need for reserves in line with the guidance issued by the Charity Commission.

The Trustees aim to hold a level of free Unrestricted Reserves equivalent to three months’ operating costs, which provides sufficient financial resources to meet the legal and contractual obligations and liabilities which would crystalise if the charity were unable to continue operating. Their current estimate of the amount required for this purpose is approximately £180,000.

The targeted level of reserves to be retained for the above purposes is therefore considered to be £180,000.

The charity’s total Unrestricted Reserves shown in the Balance Sheet as at 31 August 2024 are £403,724 (2023: £326,723). £81,876 of these reserves were represented by Unrestricted Fixed Assets (2023: £18,412), leaving £321,848 available as Unrestricted Free Reserves (2023: £308,311).

Whilst the free reserves currently exceed our target level, Trustees are very aware of continuing challenges faced, especially in relation to energy costs, and the squeeze on local people’s income and, most immediately, the costs that will be incurred in closing the Centre during the planed capital works, we estimate that this will bring our reserves to close to the target levels.

The Trustees aim, through our budgeting processes, to reduce operational losses to zero and to establish the optimum level of Reserves within three years.

OBJECTIVES AND ACTIVITIES

Charitable Purpose

1) To promote community participation in healthy recreation in Elswick and the surrounding area, by the provision of facilities to enable people to participate in swimming and other sports and activities which are capable of improving physical health and fitness.

2) To promote, for the benefit of the inhabitants of Elswick and the surrounding area, the provision of facilities 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 large in the interests of social welfare and with the object of improving their health and wellbeing.

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 AUGUST 2024 TRUSTEES’ REPORT

OBJECTIVES AND ACTIVITIES (CONTINUED)

Principal Activities

We offer swimming facilities and lessons, as well as a gym and studio for exercise and various sports activities designed to enhance physical health, fitness, and overall well-being.

We actively promote our services within the local community, focusing on reaching the most disadvantaged by offering the most affordable rates in the city, along with targeted introductory promotions. Additionally, we maintain a social media following of over 5,000, largely consisting of residents. We have also developed our web-page which is regularly updated by our staff.

We prioritise accessibility for those with limited physical and cognitive abilities by providing extra facilities that encourage participation. We also engage with local schools to encourage young people to adopt an active lifestyle.

In collaboration with Search and Chain Reaction, we offer opportunities for older individuals to engage in healthy activities.

We provide rooms for external hire to groups, clubs and organsiations to serve our community.

Public Benefit

In making decisions as a Board and drafting this summary of our activities, we have fully considered our obligations under the Charities Act and the Charities (Accounts and Reports) Regulations 2008. We have also adhered to the Charity Commission’s public benefit guidance, including guides PB1, PB2, and PB3.

Impact and Value

The Elswick Community Pool & Leisure Centre opened on September 6, 2019, under local control after a four-year period of closure. After the challenges of COVID-19 during 2020 and 2021 we have seen large increases in our utility costs and many people struggling with the cost of living. With this in mind we have carefully considered the balance between income and expenditure and remained focused on addressing the needs of local residents.

During the year we have worked with and support a wide range of different stakeholder groups, including:

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 AUGUST 2024 TRUSTEES’ REPORT

OBJECTIVES AND ACTIVITIES (CONTINUED)

Impact and Value (Cont.)

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 AUGUST 2024

TRUSTEES’ REPORT

OBJECTIVES AND ACTIVITIES (CONTINUED)

Impact and Value (Cont.)

The charity has maintained strong community support for its efforts and has maintained effective communication with the local community and supporters throughout. We have worked with many different organisations including but not limited to Patchwork, Newcastle College, Karbon Homes, NCC, Hat-Trick, and West End Women and Girls.

Risk Management

The Trustees regularly review key governance, operational, and financial risks during the annual business planning process, confirming that systems have been established to mitigate these risks.

Our risk management strategy includes:

The Trustees are confident that appropriate financial systems, controls, and employment policies are in place.

Currently, the greatest risk to the charity is financial, particularly the need to generate sufficient revenue and manage costs effectively to keep the pool and leisure centre operational. The Trustees are focused on investing in strategies to boost revenue and control costs.

ACHIEVEMENTS AND PERFORMANCE

Achievements in the Year

It has been a great testimony to all involved that we have faced the last financial year with a clear focus on the problems caused by continuing high fuel costs and the ‘cost of living crisis’ that has seen a major squeeze on the disposable incomes of our local community.

As a Board, we have always had a focus on reducing our environmental impact but, more recently, reducing our carbon footprint has also become an economic necessity if the leisure centre is to have a viable long-term future as high energy prices look likely to continue having a big impact in the year ahead. With this in mind, we worked with Newcastle City Council to submit an application to the Swimming Pool Support Fund from Sport England and we were successful in being awarded funding of £231,151 towards solar panels and pool covers. We are working with Newcastle City Council with an application for Public Sector Decarbonisation Scheme (PSDS) funding.

We are immensely grateful for the support and assistance from Newcastle City Council in developing these plans and in their support for us in the funding process.

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 AUGUST 2024 TRUSTEES’ REPORT

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Achievements in the Year (Cont.)

It has always been part of the Board’s driving belief that the Leisure Centre exists primarily for the good health of the local community. Part of that involves keeping our prices as low as possible to allow the greatest participation by those on low incomes who often suffer the worst health. We do, however, have to ensure the long-term sustainability of our operations and, after not increasing prices for over 2 years, the Board made the decision to increase prices slightly after comparing them to other facilities.

Swimming lessons and schools continue to remain a top priority for us, as we believe all children should have access to a pool and be able to learn to swim. We have over 1,000 children and adults learning to swim each week and work with 22 schools per week delivering lessons to around 780 children. Working closely with Swim England we offer a high-quality delivery using their learn to swim programme and had nominations for Swim England swim school of the year and Phil Jameson was nominated for Swim England Swimming Teacher of the year.

We continue to run an extended programme available to the public throughout the week running from early morning to late evening and continue to consult our local community about what best fits their needs. We have many different sessions available in the pool including female only, male only, lane swimming, family swimming, public swimming and inflatable sessions. Our gym is being well used and we offer a variety of fitness classes in line with the community needs.

We continued our work in developing the pool as a regional centre of excellence for lifeguard training. To this we have added swimming teaching, running courses to train new swimming teachers, a number of our existing Leisure Assistants have taken advantage of these opportunities to develop their skills. There is a current shortage of skilled pool workers, so this offers people a route into the leisure industry as well as helping us fill vacancies. We secured funding from Places Leisure to help fund courses in return for volunteer hours to allow people to gain experience. This has resulted in several participants to gain employment after completing their qualification. The swimming teacher course as an example has resulted in every learner gaining employment in our organisation and others further afield.

Fundraising

During the year we received support from Public Health Newcastle to support people into a healthy and active lifestyle. Newcastle City Council and Street Games UK, who commissioned us to provide holiday activities for young people, Places for People, who provided funding for local people to attend lifeguard training. We worked with Karbon Homes on the New Start programme where in September 2024 a position has been created for 5 months with part funding. We thank them all for their support.

Our two key focuses moving forward will be to raise funds:

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 AUGUST 2024 TRUSTEES’ REPORT

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Financial Review

Our financial performance in this year has been extremely encouraging, achieving a surplus for the year, with income generation from our own activities significantly outperforming our targets.

We are most grateful to our manager and his team for their tireless work to develop our services and to take advantage of the opportunities that have arisen to boost our income.

We are acutely aware of the challenges that lie ahead, but our performance this year gives us encouragement that we can face these challenges and continue to provide our much-needed services to the community.

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 AUGUST 2024 TRUSTEES’ REPORT

PLANS FOR FUTURE YEARS

The financial pressures we reported on last year - with inflated costs, a cost-of-living squeeze on our customers and less financial help available for support - continue to impact our future plans.

The development and implementation of our volunteer programme, led by an existing staff member, has helped to counteract some of the pressures we face by actively encouraging local people to gain new skills, perhaps find new employment or find links to other opportunities. We are grateful for the help of the Newcastle Volunteer Centre and Newcastle City Council in developing this aspect of our work.

This work is part of a community engagement strategy, designed to develop local people to take leadership roles in the management of the centre and take an active part in deciding how it is run and used. We are also working towards having a governing board that more accurately reflects the population it serves.

We are continuing to actively explore ways we can partner with local organisations in new ways to provide bespoke sessions to meet different needs.

As we have stated in previous financial reports, the Board remains committed to helping the city meet its 2030 ‘carbon net zero’ target and continues to develop a ‘green strategy’ to implement this. However, we are fully aware of the challenges we face in achieving these objectives, but recent successes, reported above, give us optimism in being able to move forward towards these objectives. We have made significant strides this year and are hopeful that at the end of 2024 or by early 2025 we will be able to announce a positive plan in helping to achieve our ambitious targets.

We will continue to strive for excellence in all we do over the year ahead and continue to welcome working in partnership with others to achieve mutual goals. We know that in the straitened times ahead, this will be more important than ever.

A priority for us remains supporting and strengthening the management team to achieve and surpass our objectives. We have developed a business plan for the next 5 years to allow us to formulate a strategy on how we can achieve our targets. We employ more than 40 staff directly and more indirectly.

We also have our Trustees who all also need to be able to take advantage of learning opportunities and training. We will continue to strengthen this important area.

We completed the refurbishment of a kitchen and café area, which opened in May 2024 and is operated by an external company to provide a range of catering offerings. This has been a large investment but one in which we see huge benefit for the local community.

Further development of the gym, both in terms of the equipment and the support offered to gym users, is planned for the future. We will be upgrading and getting some new functional equipment in early 2025 to enhance our offering. Whilst there is substantial competition in the provision of gyms and gym classes, the Board considers that we have a unique offer and that increased use of the gym facilities is achievable. In 2026 we are looking to obtain funding / investment to offer even more for the local community.

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 AUGUST 2024

TRUSTEES’ REPORT

RESPONSIBILITIES OF THE TRUSTEES

The Trustees are responsible for managing the business of the charity and may exercise all the powers of the charity unless restricted by the Charities Act or the constitution of the charity.

The Trustees are responsible for the preparation of the financial statements for each financial year which show a true and fair view of the state of affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year.

In preparation of the financial statements the Trustees should follow best practice and:

  1. Select suitable accounting policies and apply them.

  2. Make judgements and exercises that are reasonable and prudent.

  3. Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue on that basis.

The Trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity.

The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed by order of the Trustees

Hannah Mackay-Christie Chair

29 April 2025

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INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO FOR THE YEAR ENDED 31 AUGUST 2024

I hereby report to the Trustees/Members of Elswick Community Pool and Leisure Centre CIO (Charity Registration Number 1174227) on the accounts for the year ended 31 August 2024 set out on pages 13 to 23.

Responsibilities and Basis of Report

As the charity’s Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Having satisfied myself that the accounts of the charity are not required to be audited under charity law 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 the charity’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 130 of the 2011 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

  4. the accounts have not been prepared in accordance with the methods or 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 (FRS102)).

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.

Pete O’Hara, FCA, Chartered Accountant

Fellow of the Institute of Chartered Accountants in England & Wales

26 La Sagesse, Jesmond, Newcastle upon Tyne NE2 3AF

29 April 2025

12

ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31 AUGUST 2024

Note
Income
Income from Donations & Legacies
3
Income from Charitable Activities
4
Total Income
Expenditure
Expenditure on Charitable Activities
5
Total Expenditure
Net Income/(Expenditure)
Balance brought forward
Balance carried forward at 31
August
12		 Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
£
£
£
£
3,272
-
3,272
773
841,969
11,082
853,051
796,070
845,241
11,082
856,323
796,843
768,240
21,990
790,230
688,409
768,240
21,990
790,230
688,409
77,001
(10,908)
66,093
108,434
326,723
49,994
376,717
268,283
£403,724
£39,086
£442,810
£376,717

The notes on pages 15 to 23 form part of the financial statements.

All of the activities of the company are classed as continuing.

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

13

ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL POSITION/BALANCE SHEET AS AT 31 AUGUST 2024

2024 2023
Notes £ £
Fixed Assets
Tangible Fixed Assets 7 113,071 55,932
Current Assets
Stocks 8 4,151 5,295
Debtors 9 23,325 27,597
Cash At Bank & In Hand 341,667 375,344
369,143 408,236
Creditors – Amounts Falling Due Within 1 Year 10 (39,404) (87,451)
Net Current Assets/(Liabilities) 329,739 320,785
Creditors – Amounts Falling Due After 1 Year - -
Total Net Assets 11 £442,810 £376,717
Represented by:
Unrestricted Reserves 12 403,724 326,723
Restricted Reserves 12 39,086 49,994
£442,810 £376,717

The notes on pages 15 to 23 form part of the financial statements.

These financial statements were approved by the Board of Trustees on 29 April 2025 and signed on their behalf:

Hannah Mackay-Christie Chair

29 April 2025

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

1. Accounting Policies

Basis of Accounting

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006 and the Statement of Recommended Practice (Charities SORP FRS 102) "Accounting and Reporting by Charities" and the Charities Act 2011.

The financial statements have been prepared on the historical cost basis, modified to include certain financial instruments at fair value.

Advantage has been taken of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a statement of cashflows.

The financial statements are prepared in sterling, which is the functional currency of the charity.

Taxation Status

Elswick Community Pool and Leisure Centre CIO is a Charity registered under the 1960 Charities Act and is accorded exemption from liability to taxation on its income under S505 Income and Corporation Taxes Act 1988.

Going Concern

There are no material uncertainties about the charity's ability to continue.

Income

All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy.

The following specific policies are applied to particular categories of income:

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

1. Accounting Policies (Continued)

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Financial Instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost where there is a material adjustment.

Operating Leases

The charity classifies the lease of certain types of equipment as operating leases as the title to the equipment remains with the lessor. Rental charges are charged against income on a straight-line basis over the year of the lease.

Tangible Fixed Assets and Depreciation

Depreciation is provided on any fixed assets at rates calculated to write off the assets over their remaining useful lives as follows:

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

1. Accounting Policies (Continued)

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity.

Designated funds are unrestricted funds earmarked by the trustees for specific purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no significant judgements or estimation uncertainty included within the financial statements.

2. Legal Status

The charity is a Charitable Incorporated Organisation and has no share capital.

3. Income from Donations & Legacies

Donations - General
Gift Aid		 Unrestricted
Funds
Restricted
Funds
2024
2023
£
£
£
£
2,830
-
2,830
646
442
-
442
127
£3,272
£-
£3,272
£773

The 2023 total of £773 relates wholly to Unrestricted Funds.

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

4. Income from Charitable Activities

Income from Charitable Activities
Grant Income
Access Research Fund
Children North East
Hadrian Trust
Karbon Homes
National Heritage Lottery Fund
Newcastle City Council
Places For People
Power To Change
Earned Income
Club Hire
Lessons & Coaching
Memberships
School Swimming & Lane Hire
Stock & Vending Sales
Summer/Holiday Programme
Wet Activities
Other Earned Income		 Unrestricted
Funds
Restricted
Funds
2024
2023
£
£
£
£
-
4,000
4,000
-
-
3,000
3,000
-
-
2,000
2,000
-
-
2,082
2,082
-
-
-
-
1,180
-
-
-
3,426
-
-
-
1,000
-
-
-
10,000
-
11,082
11,082
15,606
72,022
-
72,022
54,123
229,770
-
229,770
213,125
147,388
-
147,388
132,697
99,076
-
99,076
89,222
56,944
-
56,944
64,318
21,893
-
21,893
19,700
195,039
-
195,039
184,361
19,837
-
19,837
22,918
841,969
-
841,969
780,464
£841,969
£11,082
£853,051
£796,070

Of the 2023 total of £796,070, £783,890 relates to Unrestricted Funds and £12,180 to Restricted Funds.

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ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

5. Expenditure on Charitable Activities

Charitable Activities
Advertising & Marketing
Coaches & Teachers
Direct Pool/Event Costs
Shop Stock Purchases
Utility Costs
Vending Costs
Support Costs
Depreciation
Office Costs
Premises Repairs & Maintenance
Salaries & On Costs
Staff Training & Uniforms
Governance Costs
Accountancy Fees
Consultancy / Legal & Professional		 Unrestricted
Funds
Restricted
Funds
2024
2023
£
£
£
£
2,304
-
2,304
1,504
38,333
-
38,333
23,833
23,994
3,065
27,059
20,714
11,394
-
11,394
17,970
89,063
-
89,063
115,934
19,640
-
19,640
25,605
10,730
7,439
18,169
14,595
47,242
-
47,242
41,777
55,092
5,274
60,366
31,411
459,921
-
459,921
387,590
6,249
2,212
8,461
6,936
1,440
-
1,440
540
2,838
4,000
6,838
-
£768,240
£21,990
£790,230
£688,409

Of the 2023 total of £688,409, £670,852 relates to Unrestricted Funds and £17,557 to Restricted Funds.

6. Staff Costs & Directors’ Remuneration

Gross Salary Costs
Social Security Costs
Employer’s Pension Contributions –
Defined Contribution Scheme		 2024
2023
£
£
431,435
363,621
21,597
18,204
6,889
5,765
£459,921
£387,590

The charity employed 40 members of staff in the year (2023: 40)

No remuneration was paid to or waived by Trustees/Directors in the year (2023: £Nil) and £Nil (2023: £Nil) was reimbursed to Trustees in respect of their attendance at meetings of the charity.

19

ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

7. Tangible Fixed Assets

Cost
At 1 September 2023
Additions
Disposals
At 31 August 2024
Depreciation
At 1 September 2023
Charge for year
Disposals
At 31 August 2024
Net Book Value
At 31 August 2024
At 1 September 2023
8.
Stocks
Raw Materials
Goods for resale
9.
Debtors
Trade Debtors
Prepayments
Accrued Income
Other Debtors
All sums are due within 1 year.		 Leasehold
Improvements
IT/Office
Equipment
Pool/Sports
Equipment
Total
£
£
£
£
61,017
55,627
13,226
129,870
67,599
1,771
5,938
75,308
-
(600)
(3,300)
(3,900)		 Leasehold
Improvements
IT/Office
Equipment
Pool/Sports
Equipment
Total
£
£
£
£
61,017
55,627
13,226
129,870
67,599
1,771
5,938
75,308
-
(600)
(3,300)
(3,900)
128,616
56,798
20,794
43,281
9,299
5,509
-
(600)		 15,864
201,278
9,863
73,938
3,361
18,169
(3,300)
(3,900)
30,093
48,190
£98,523
£8,608		 9,924
88,207
£5,940
£113,071
£40,223
£12,346		 £3,363
£55,932
2024
2023
£
£
3,204
3,247
947
2,048
£4,151
£5,295
2024
2023
£
£
8,256
3,012
6,751
4,209
3,368
18,468
4,950
1,908
£23,325
£27,597

20

ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

10. Creditors – Amounts Falling Due Within 1 Year

Creditors – Amounts Falling Due Within 1 Year Creditors – Amounts Falling Due Within 1 Year
Trade Creditors
Income Received In Advance
Other Taxes & Social Security Costs
Other Creditors – Pension Contributions
Other Creditors – Attachments of Earning
Other Creditors – Net Salaries
Accruals
Analysis of Net Assets between Funds
Unrestricted
Funds
Restricted
Funds
£
£
Fixed Assets
81,876
31,195
Stocks
4,151
-
Debtors
23,325
-
Cash at Bank and In Hand
333,776
7,891
Creditors – Due Within 1 Year
(39,404)
-
£403,724
£39,086		 2024
2023
£
£
17,022
18,109
950
1,140
6,711
6,501
1,403
1,194
56
-
506
-
12,756
60,507
£39,404
£87,451
2024
2023
£
£
113,071
55,932
4,151
5,295
23,325
27,597
341,667
375,344
(39,404)
(87,451)
£403,724
£39,086		 £442,810
£376,717

11. Analysis of Net Assets between Funds

21

ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

12. Analysis of Charitable Funds

Analysis of Charitable Funds
Unrestricted Funds
Restricted Funds
Access Research Fund
Children North East
Elswick Ward
Hadrian Trust
Karbon Homes
Places For People
Power To Change
Power To Change - Lighting
Sport England
Total Restricted Funds		 At 1 Sept
2023
Income in
Year
Resources
Expended
in Year
At 31
August
2024
£
£
£
£
326,723
845,241
(768,240)
403,724
-
4,000
(4,000)
-
-
3,000
(1,886)
1,114
6,500
-
-
6,500
-
2,000
(2,000)
-
-
2,082
(691)
1,391
700
-
(700)
-
35,896
-
(5,815)
30,081
5,274
-
(5,274)
-
1,624
-
(1,624)
-
49,994
11,082
(21,990)
39,086
£376,717
£856,323
£(790,230) £442,810

Name of Restricted Fund

Access Research Fund

Children North East

Elswick Ward

Hadrian Trust

Karbon Homes

Places For People

Power To Change

Power To Change – Lighting

Sport England

Description, Nature & Purpose of the Fund

Towards the cost of preparing a business plan

Towards the cost of spaces for young people to complete a lifeguard or swimming teacher qualification

Towards the cost of installing a sauna

Towards the cost of a breakfast club

Towards the cost of a sports camp and lifeguard training

Towards the cost of women-only sessions and lifeguards

Towards the costs of running and equipping the pool and leisure centre

Towards the cost of installing LED lighting

Towards the cost of Return To Play

22

ELSWICK COMMUNITY POOL AND LEISURE CENTRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

13. Related Party Transactions

No payments (2023: £Nil) were made to Trustees in relation to expenses incurred in attending meetings

14. Financial Commitments

No material future financial commitments have been made in the financial year.

23