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 2021
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 2021
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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
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LUNE VALLEY COMMUNITY SOCIETY LTD
Report of the Trustees for the Year Ended 31st December 2021
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 2021. 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
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LUNE VALLEY COMMUNITY SOCIETY LTD
Report of the Trustees for the Year Ended 31st December 2021
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 to the public and only open 2 days a week to a residential school for the first 3 months of the year, we welcomed just over 17,000 swimmers at Lune Valley Swimming Pool this year (in comparison to 7,000 in 2020 and 10,300 in the whole of 2019).
We are now running children's swimming lessons every weekday after school and also Saturday mornings. In total we are helping over 200 children progress along their swimming journey - from babies in our duckling classes, school children in our lessons to Rookie Lifeguards. Half pool family sessions at weekends and holidays continue to be hugely popular and tend to book up well in advance. As Covid restrictions have eased we have been able to re-introduce our open family swims which give families the opportunity to enjoy a swim at shorter notice. We also continue to offer a range of public sessions and classes for adults to enjoy.
Fundraising activities
Apart from regular information via the pool website and in order to keep the pool in the public eye all Lune Valley parish magazines carried monthly updates of activities.
The tri -fold colour publicity brochure - held over from its scheduled 2020 launch - was distributed by Northern Print Distribution to key tourism and visitor outlets from April 2021 onwards.
We have a number of fundraising events planned for 2022 (subject to Covid restrictions)
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LUNE VALLEY COMMUNITY SOCIETY LTD
Report of the Trustees for the Year Ended 31st December 2021
FINANCIAL REVIEW Financial position
There was an overall Surplus in the year of £11,355 compared to £26,877 in 2020
Management and Administration of the Lune Valley Swimming Pool made LCVS a Surplus of £23,382 in the year ending December 2021 compared to an annual Surplus of £14,900 in 2020. In addition to this LVCS spent the remaining £11,977 of the National lottery grant secured in 2020
Firstly this Surplus includes £669 of donations and memberships. The local community continues to generously support LVCS and these amounts are very much appreciated in these difficult times.
In addition to these donations the remaining £11,977 of the National Lottery grant, in the Restricted Fund of these accounts, was used to keep the pool open in the challenging Covid-19 circumstances and covered costs including staffing and discounting the family swim to £15 among others.
Furthermore Local Government and Job Retention Scheme grants adding up to £19,649 were secured.
The pool continued in 2021 in the same way as it left 2020 . Early lockdown meant that it was only open to schools in the first quarter of the year but for the rest of the year reopened under Covid restrictions which eased slightly in the latter part of the year allowing the return of family sessions.
This meant that the General Unrestricted fund the Pool made a surplus of £23,332 in a very challenging year.
People are still swimming! 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 grants have allowed the pool to continue to operate with the goodwill of staff and volunteers.
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LUNE VALLEY COMMUNITY SOCIETY LTD
Report of the Trustees for the Year Ended 31st December 2021
FINANCIAL REVIEW
Reserves and financial viability
The Reserves Policy for the Charity was reviewed in the year. It is envisioned that at least 6 months running costs should be maintained in a deposit account. This is £27,500.
All remaining funds are used in the management and running of the facility.
At 31st December the General Fund had a positive balance of £37,454 (2020: £14,122).
This fund contained the assets totalling £46,685 including a cash balance of £38,862 (2020: £17,215) plus Trade Debtors to be received from customers of £7,823 (2020 £3,014). All of these Debtors are expected to pay.
These assets were offset by Trade Creditors of £9,231 (2020: £6,107). These Trade Creditors include an estimated charge for waste water from Water Plus of £7,500. 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 £NIL (2020: 11,977). This cash balance was spent on Wages and Covid related running costs.
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 2022 and beyond.
FUTURE PLANS
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
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LUNE VALLEY COMMUNITY SOCIETY LTD
Report of the Trustees for the Year Ended 31st December 2021
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 24th January 2022 and signed on its behalf by:
Philip Mugford (Mar 30, 2022 19:45 GMT+1)
P Mugford - Trustee
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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 2021.
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.
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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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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
24th January 2022
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LUNE VALLEY COMMUNITY SOCIETY LTD
Statement of Financial Activities for the Year Ended 31st December 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 20,319 Charitable activities Administration of Lune Valley Community Swimming Pool 102,071 Total 122,390 EXPENDITURE ON Charitable activities Administration of Lune Valley Community Swimming Pool 99,058 NET INCOME/(EXPENDITURE) 23,332 RECONCILIATION OF FUNDS Total funds brought forward 14,122 TOTAL FUNDS CARRIED FORWARD 37,454 |
Restricted fund £ - - - 11,977 (11,977) 11,977 - |
2021 Total funds £ 20,319 102,071 122,390 111,035 11,355 26,099 37,454 |
2020 Total funds £ 50,856 59,024 109,880 83,003 26,877 (778) 26,099 |
|---|---|---|---|
The notes form part of these financial statements
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LUNE VALLEY COMMUNITY SOCIETY LTD
Balance Sheet 31st December 2021
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Debtors 5 7,823 - Cash at bank 38,862 - 46,685 - CREDITORS Amounts falling due within one year 6 (9,231) - NET CURRENT ASSETS 37,454 - TOTAL ASSETS LESS CURRENT LIABILITIES 37,454 - NET ASSETS 37,454 - FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 Total funds £ 7,823 38,862 46,685 (9,231) 37,454 37,454 37,454 37,454 - 37,454 |
2020 Total funds £ 3,014 29,192 32,206 (6,107) 26,099 26,099 26,099 14,122 11,977 26,099 |
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
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LUNE VALLEY COMMUNITY SOCIETY LTD
Balance Sheet - continued 31st December 2021
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 24th January 2022 and were signed on its behalf by:
Philip Mugford (Mar 30, 2022 19:45 GMT+1)
P Mugford - Trustee
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Joanne mugford (Mar 30, 2022 15:52 GMT+1)
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J Mugford - Trustee
The notes form part of these financial statements
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LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements for the Year Ended 31st December 2021
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...
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LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements - continued for the Year Ended 31st December 2021
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2021 nor for the year ended 31st December 2020.
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 Unrestricted fund £ 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 14,900 |
2021 1 Restricted fund £ 29,967 - 29,967 17,990 11,977 |
2020 1 Total funds £ 50,856 59,024 109,880 83,003 26,877 |
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continued...
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LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements - continued for the Year Ended 31st December 2021
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4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
RECONCILIATION OF FUNDS
-
Total funds brought forward (778) (778)
TOTAL FUNDS CARRIED FORWARD 14,122 11,977 26,099
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Trade debtors 7,823 3,014
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Trade creditors 9,231 6,107
7. MOVEMENT IN FUNDS
Net
movement At
At 1.1.21 in funds 31.12.21
£ £ £
Unrestricted funds
General fund 14,122 23,332 37,454
Restricted funds
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National Lottery Covid Fund 11,977 (11,977)
TOTAL FUNDS 26,099 11,355 37,454
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continued...
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LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements - continued for the Year Ended 31st December 2021
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds National Lottery Covid Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds National Lottery Covid Fund TOTAL FUNDS |
Incoming resources £ 122,390 - 122,390 At 1.1.20 £ (778) - (778) |
Resources Movement expended in funds £ £ (99,058) 23,332 (11,977) (11,977) (111,035) 11,355 Net movement At in funds 31.12.20 £ £ 14,900 14,122 11,977 11,977 26,877 26,099 |
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continued...
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LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements - continued for the Year Ended 31st December 2021
7. MOVEMENT IN FUNDS - continued
Comparative 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 |
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| TOTAL FUNDS 109,880 |
(83,003) | 26,877 |
| A current year 12 months and prior year 12 months combined position is as follows: Net movement At At 1.1.20 in funds 31.12.21 £ £ £ Unrestricted funds General fund (778) 38,232 37,454 |
||
| TOTAL FUNDS (778) |
38,232 | 37,454 |
continued...
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LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements - continued for the Year Ended 31st December 2021
7. MOVEMENT IN FUNDS - continued
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 £ 202,303 29,967 232,270 |
Resources Movement expended in funds £ £ (164,071) 38,232 (29,967) - (194,038) 38,232 |
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8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2021.
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LUNE VALLEY COMMUNITY SOCIETY LTD
Detailed Statement of Financial Activities for the Year Ended 31st December 2021
| 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 |
2021 £ 670 19,649 20,319 102,071 122,390 19,715 790 3,391 13,763 192 284 8,835 8,057 8,200 702 46,422 110,351 |
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 |
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This page does not form part of the statutory financial statements
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LUNE VALLEY COMMUNITY SOCIETY LTD
Detailed Statement of Financial Activities for the Year Ended 31st December 2021
| Support costs Governance costs Accountancy and legal fees Total resources expended Net income |
2021 £ 684 111,035 11,355 |
2020 £ 500 83,003 26,877 |
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This page does not form part of the statutory financial statements
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2022-03-30
Final Audit Report
LVSP Accounts 2021
Created: 2022-03-25 By: David Wootton (david@woottonandco.com) Status: Signed Transaction ID: CBJCHBCAABAAQi3oe9NZA3Awa34Di07GbSCX6ErRtjTa
"LVSP Accounts 2021" History
Document created by David Wootton (david@woottonandco.com)
2022-03-25 - 13:45:46 GMT- IP address: 185.217.159.159
Document e-signed by David Wootton (david@woottonandco.com)
Signature Date: 2022-03-25 - 13:51:13 GMT - Time Source: server- IP address: 185.217.159.159
Document emailed to Joanne mugford (jmugford@hotmail.co.uk) for signature
2022-03-25 - 13:51:14 GMT
Email viewed by Joanne mugford (jmugford@hotmail.co.uk)
2022-03-25 - 15:39:46 GMT- IP address: 172.226.0.46
Document e-signed by Joanne mugford (jmugford@hotmail.co.uk)
Signature Date: 2022-03-30 - 14:52:50 GMT - Time Source: server- IP address: 185.217.159.121
Document emailed to Philip Mugford (p.mugford@janusautomotive.co.uk) for signature 2022-03-30 - 14:52:51 GMT
Email viewed by Philip Mugford (p.mugford@janusautomotive.co.uk) 2022-03-30 - 14:56:48 GMT- IP address: 172.226.0.47
Document e-signed by Philip Mugford (p.mugford@janusautomotive.co.uk)
Signature Date: 2022-03-30 - 18:45:46 GMT - Time Source: server- IP address: 185.217.159.121
Agreement completed.
2022-03-30 - 18:45:46 GMT