**REGISTERED COMPANY NUMBER: CE012541 (England and Wales) REGISTERED CHARITY NUMBER: 1176086** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31st December 2020 for LUNE VALLEY COMMUNITY SOCIETY LTD David Wootton & Co Main Street Wray Lancaster LA2 8QA LUNE VALLEY COMMUNITY SOCIETY LTD Contents of the Financial Statements for the Year Ended 31st December 2020 **----- Start of picture text -----**
Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6 to 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 16
Detailed Statement of Financial Activities 17 to 18
**----- End of picture text -----**
LUNE VALLEY COMMUNITY SOCIETY LTD Report of the Trustees for the Year Ended 31st December 2020 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The purpose of the charity is the promotion of amateur sport for the public benefit by the provision of swimming facilities at the Lune Valley swimming pool for the benefit of the inhabitants of the greater Lune Valley area of North Lancashire. ## **Significant activities** The charity manages and administers the activities of the Lune Valley Swimming Pool based in Hornby, Lancashire. Activities available include Public sessions (Lane, Senior, Ducklings, Club, Exercise, family) Rookie Lifeguard, School sessions and Children's lessons ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** In October 2018 the charity opened the Lune Valley Swimming Pool after closure and transfer from the local authority. Following complete refurbishment by the community volunteers and supporters the charity runs a full 7 day per week community based programme covering a variety of needs. LVCS overarching aim is the promotion of healthy recreation, water safety and sport by the provision of swimming and teaching facilities at the Lune Valley Swimming Pool for the benefit of all local communities within the greater Lune Valley area of North Lancashire The LVCS charity manages and administers the activities of the swimming pool, providing approved training and dedicated teaching facilities with locally recruited staff. Many members of the public from various social groups use the facilities. Activities include public lane swims, structured exercise classes, children's lessons, informal family swimming and schools lessons. Despite being closed for nearly 5 months of the year, we welcomed just over 7000 swimmers at Lune Valley Swimming Pool this year (in comparison to 10,300 in the whole of 2019) 1 LUNE VALLEY COMMUNITY SOCIETY LTD Report of the Trustees for the Year Ended 31st December 2020 ## **ACHIEVEMENT AND PERFORMANCE** ## **Fundraising activities** In September of this year, Lune Valley Community Society was awarded a grant of nearly £30k by the National Lottery Community Fund. See financial section for details. Planned fundraising events (such as a Splish Splash party) in 2020 had to be cancelled due to Covid restrictions. Subject to Covid restrictions allowing, we plan to run some more fundraising activities later in the year. 2 LUNE VALLEY COMMUNITY SOCIETY LTD Report of the Trustees for the Year Ended 31st December 2020 ## **FINANCIAL REVIEW** ## **Financial position** Management and Administration of the Lune Valley Swimming Pool made LCVS a Surplus of £14,900 in the year ending December 2020 compared to an annual Deficit of £9,504 in 2019. In addition to this LVCS secured a grant from the National lottery and at 31st December 2020 of which there is £11,977 left to spend. This means there is an overall Surplus in the year of £26,877. Firstly this Surplus includes £3,521 of donations and memberships. The local community continues to generously support LVCS and these amounts are very much appreciated in these difficult times. In 2020 there was a successful bid by Jo Mugford for the National Lottery Covid Grant of £29,967. £7,374 of this grant was spent on a replacement boiler and £1,320 on CCTV systems to ensure security and allow families to watch lessons and sessions from the foyer. The remaining grant is to keep the pool open in the challenging Covid-19 circumstances and has (and will) cover costs including staffing and discounting the family swim to £15 among others. This grant is recorded in the Restricted Fund of these accounts as it is for specific items. In the General Unrestricted fund the Pool made a surplus of £14,122 in a very challenging year. The year was split into three phases. Firstly when open in the first quarter of 2020, then in second quarter when in lockdown and then the rest of the year when reopened under Covid restrictions. Q1 - When open there were more customers; the take up of lane swimming and family swims increased as well as increased school bookings and third party bookings. The first quarter exhibited very promising numbers and it was felt that the pool was really starting to do well. Until Covid hit. Q2 - When closed Government and Business Rates Grants (£17,638 in total) ensured that the running costs and salaries were covered when the pool was closed with only a small deficit. Q3/4 - On reopening they found that the demand was there. People still want to swim! A reduced service with clean downs meant that while people were still coming the public and family sessions were more expensive than they had been. The support from all of the local schools, some new users and the above grant has allowed the pool to continue to operate with the goodwill of staff and volunteers. 3 LUNE VALLEY COMMUNITY SOCIETY LTD Report of the Trustees for the Year Ended 31st December 2020 ## **FINANCIAL REVIEW** ## **Reserves and financial viability** Material reserves are not held. All funds are used in the management and running of the facility. At 31st December the General Fund had a positive balance of £14,122 (2019: negative balance of £778). This fund contained the assets totalling £20,229 including a cash balance of £17,215 (2019: £6,141) plus Trade Debtors to be received from customers of £3,014 (2019 £1,271). These assets were offset by Trade Creditors of £6,107 (2019: £8,190). These Trade Creditors include an estimated charge for waste water from Water Plus of £3,500. Nothing has been paid by LCVS for waste water and we are disputing the charge levied. At 31st December the Restricted Fund had a balance of £11,977 (2019: NIL). This is all a cash balance and is required to be spent on Wages and Covid related running costs and GP referrals. Despite the challenges with the Covid-19 pandemic the Trustees feel that the charity has enough reserves and is in a stable position to fulfil its activities in 2021and beyond. ## **FUTURE PLANS** The National Lottery grant should have been fully spent by end March 2021, however, due another lockdown, National Lottery have agreed to extend the project once we are back open. This will enable us to continue to offer subsidised family swims whilst we are still operating under Covid social distancing restrictions (until the grant is fully spent) and also to develop the GP referral scheme further. We hope to be able to offer more swimming opportunities to more people and run some community events as Covid restrictions ease over the next year. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** CE012541 (England and Wales) ## **Registered Charity number** 1176086 4 LUNE VALLEY COMMUNITY SOCIETY LTD ## Report of the Trustees for the Year Ended 31st December 2020 ## **Registered office** Lune Valley Community Swimming Pool Melling Road Hornby Lancaster Lancashire LA2 8LH ## **Trustees** D J Collins R D Carter P Mugford J Mugford ## **Independent Examiner** David Wootton & Co Main Street Wray Lancaster LA2 8QA Approved by order of the board of trustees on 12th January 2021 and signed on its behalf by: Philip Mugford (Jan 12, 2021 21:09 GMT) P Mugford - Trustee 5 Independent Examiner's Report to the Trustees of Lune Valley Community Society Ltd ## **Independent examiner's report to the trustees of Lune Valley Community Society Ltd ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2020. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 6 Independent Examiner's Report to the Trustees of Lune Valley Community Society Ltd ## **Independent examiner's statement** 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 Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Wootton ACMA David Wootton & Co Wray Lancaster 12th January 2021 7 LUNE VALLEY COMMUNITY SOCIETY LTD Statement of Financial Activities for the Year Ended 31st December 2020 |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
20,889
**Charitable activities**
Administration of Lune Valley
Community Swimming Pool
59,024
**Total**
79,913
**EXPENDITURE ON**
**Charitable activities**
Administration of Lune Valley
Community Swimming Pool
65,013
**NET INCOME/(EXPENDITURE)**
14,900
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
(778)
**TOTAL FUNDS CARRIED FORWARD**
14,122|Restricted
fund
£
29,967
-
29,967
17,990
11,977
-
11,977|2020
Total
funds
£
50,856
59,024
109,880
83,003
26,877
(778)
26,099|2019
Total
funds
£
3,929
87,545
91,474
100,978
(9,504)
8,726
(778)| |---|---|---|---| The notes form part of these financial statements 8 LUNE VALLEY COMMUNITY SOCIETY LTD ## Balance Sheet 31st December 2020 |Unrestricted
Restricted
fund
fund
Notes
£
£
**CURRENT ASSETS**
Debtors
5
3,014
-
Cash at bank
17,215
11,977
20,229
11,977
**CREDITORS**
Amounts falling due within one year
6
(6,107)
-
**NET CURRENT ASSETS/(LIABILITIES)**
14,122
11,977
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
14,122
11,977
**NET ASSETS/(LIABILITIES)**
14,122
11,977
**FUNDS**
7
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2020
Total
funds
£
3,014
29,192
32,206
(6,107)
26,099
26,099
26,099
14,122
11,977
26,099|2019
Total
funds
£
1,271
6,141
7,412
(8,190)
(778)
(778)
(778)
(778)
-
(778)| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020. The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006. The notes form part of these financial statements continued... 9 LUNE VALLEY COMMUNITY SOCIETY LTD Balance Sheet - continued 31st December 2020 The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 12th January 2021 and were signed on its behalf by: Philip Mugford (Jan 12, 2021 21:09 GMT) P Mugford - Trustee Jo Mugford (Jan 12, 2021 21:10 GMT) J Mugford - Trustee The notes form part of these financial statements 10 LUNE VALLEY COMMUNITY SOCIETY LTD Notes to the Financial Statements for the Year Ended 31st December 2020 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... 11 LUNE VALLEY COMMUNITY SOCIETY LTD Notes to the Financial Statements - continued for the Year Ended 31st December 2020 ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st December 2020 nor for the year ended 31st December 2019. ## **Trustees' expenses** Trustees only received reimbursed expenses. ## **3. STAFF COSTS** The average monthly number of employees during the year was as follows: |Pool Manager
No employees received emoluments in excess of £60,000.
**4.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Administration of Lune Valley
Community Swimming Pool
**Total**
**EXPENDITURE ON**
**Charitable activities**
Administration of Lune Valley
Community Swimming Pool
**NET INCOME/(EXPENDITURE)**|2020
2019
1
1
Unrestrict
fund
£
3,929
87,545
91,474
100,978
(9,504)| |---|---| continued... 12 LUNE VALLEY COMMUNITY SOCIETY LTD Notes to the Financial Statements - continued for the Year Ended 31st December 2020 **----- Start of picture text -----**
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestrict
fund
£
RECONCILIATION OF FUNDS
Total funds brought forward 8,726
TOTAL FUNDS CARRIED FORWARD (778)
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Trade debtors 3,014 1,271
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Trade creditors 6,107 8,190
7. MOVEMENT IN FUNDS
Net
movement At
At 1.1.20 in funds 31.12.20
£ £ £
Unrestricted funds
General fund (778) 14,900 14,122
Restricted funds
-
National Lottery Covid Fund 11,977 11,977
TOTAL FUNDS (778) 26,877 26,099
**----- End of picture text -----**
continued... 13 LUNE VALLEY COMMUNITY SOCIETY LTD Notes to the Financial Statements - continued for the Year Ended 31st December 2020 ## **7. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |Incoming
resources
£
**Unrestricted funds**
General fund
79,913
**Restricted funds**
National Lottery Covid Fund
29,967|Resources
expended
£
(65,013)
(17,990)|Movement
in funds
£
14,900
11,977| |---|---|---| |**TOTAL FUNDS**
109,880|(83,003)|26,877| |||| |**Comparatives for movement in funds**
At 1.1.19
£
**Unrestricted funds**
General fund
8,726|Net
movement
in funds
£
(9,504)|At
31.12.19
£
(778)| |**TOTAL FUNDS**
8,726|(9,504)|(778)| |||| |Comparative net movement in funds, included in the above are as
Incoming
resources
£
**Unrestricted funds**
General fund
91,474|follows:
Resources
expended
£
(100,978)|Movement
in funds
£
(9,504)| |**TOTAL FUNDS**
91,474|(100,978)|(9,504)| continued... 14 LUNE VALLEY COMMUNITY SOCIETY LTD Notes to the Financial Statements - continued for the Year Ended 31st December 2020 ## **7. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
National Lottery Covid Fund
**TOTAL FUNDS**|Net
movement
At
At 1.1.19
in funds
31.12.20
£
£
£
8,726
5,396
14,122
-
11,977
11,977
8,726
17,373
26,099| |---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
National Lottery Covid Fund
**TOTAL FUNDS**|Incoming
resources
£
171,387
29,967
201,354|Resources
Movement
expended
in funds
£
£
(165,991)
5,396
(17,990)
11,977
(183,981)
17,373| |---|---|---| continued... 15 LUNE VALLEY COMMUNITY SOCIETY LTD Notes to the Financial Statements - continued for the Year Ended 31st December 2020 ## **8. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st December 2020. 16 LUNE VALLEY COMMUNITY SOCIETY LTD Detailed Statement of Financial Activities for the Year Ended 31st December 2020 |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Charitable activities**
Income from Lune Valley Community
Swimming Pool
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Insurance
Light and heat
Telephone
Advertising
Costs of Sales
Repairs and Maintenance
Other running costs
Bank Charges
Teachers and Lifeguards
**Support costs**|2020
£
3,251
47,605
50,856
59,024
109,880
16,421
1,893
4,627
11,948
225
314
4,829
11,063
4,008
1,422
25,753
82,503|2019
£
3,929
-
3,929
87,545
91,474
17,302
2,251
4,848
14,635
215
219
11,811
1,986
4,413
320
42,978
100,978| |---|---|---| This page does not form part of the statutory financial statements 17 LUNE VALLEY COMMUNITY SOCIETY LTD Detailed Statement of Financial Activities for the Year Ended 31st December 2020 |**Support costs**
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income/(expenditure)**|2020
£
500
83,003
26,877|2019
£
-
100,978
(9,504)| |---|---|---| This page does not form part of the statutory financial statements 18 2021-01-12 Final Audit Report ## LVSP Accounts 2020 Created: 2021-01-12 By: David Wootton (david@woottonandco.com) Status: Signed Transaction ID: CBJCHBCAABAAps9QXUyZEQvyV0iNd4JasXgKJ2qhbSzG ## "LVSP Accounts 2020" History Document created by David Wootton (david@woottonandco.com) 2021-01-12 - 20:21:29 GMT- IP address: 5.83.12.100 ## Document e-signed by David Wootton (david@woottonandco.com) Signature Date: 2021-01-12 - 20:22:36 GMT - Time Source: server- IP address: 5.83.12.100 Document emailed to Philip Mugford (p.mugford@janusautomotive.co.uk) for signature 2021-01-12 - 20:22:38 GMT Email viewed by Philip Mugford (p.mugford@janusautomotive.co.uk) 2021-01-12 - 21:08:27 GMT- IP address: 5.83.12.98 Document e-signed by Philip Mugford (p.mugford@janusautomotive.co.uk) Signature Date: 2021-01-12 - 21:09:22 GMT - Time Source: server- IP address: 5.83.12.98 Document emailed to Jo Mugford (jmugford@hotmail.co.uk) for signature 2021-01-12 - 21:09:24 GMT Email viewed by Jo Mugford (jmugford@hotmail.co.uk) 2021-01-12 - 21:09:43 GMT- IP address: 5.83.12.98 Document e-signed by Jo Mugford (jmugford@hotmail.co.uk) Signature Date: 2021-01-12 - 21:10:11 GMT - Time Source: server- IP address: 5.83.12.98 Agreement completed. 2021-01-12 - 21:10:11 GMT