# **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 2022 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 2022 **----- 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 17
Detailed Statement of Financial Activities 18 to 19
**----- End of picture text -----**
LUNE VALLEY COMMUNITY SOCIETY LTD Report of the Trustees for the Year Ended 31st December 2022 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 2022. 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 1 LUNE VALLEY COMMUNITY SOCIETY LTD Report of the Trustees for the Year Ended 31st December 2022 ## **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 refurbishment by the community volunteers and supporters the charity runs a seven 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. During 2022 we welcomed over 28,000 users. This is a massive increase over 2021 - even accounting for the fact that we were closed for 3 months. 250 children swam at the pool every week in addition to those who attend with their schools. Their sessions include our after school/Saturday morning lessons, Ducklings, Splashing Tots, Rookie Lifeguards and Hammerheads. Other user groups include: Lunesdale Divers, Lancaster Sub Aqua, Cubs and Beavers and special needs groups. Our family sessions - both the open sessions and half/full pool hire continue to be hugely popular and are often booked up well in advance. We continue to offer a range of sessions aimed at adults of all ages - senior lane swims, adult lane swims, 30 min open sessions, Swim for fitness, Aquafit, Gentle Water workout and adult improver lessons. We have continued to keep our pool building and equipment in the best condition as possible with regular servicing and repairs when necessary - including replacing the important UV tubes. ## **Fundraising activities** Our strategy on voluntary external fundraising is required to keep awareness of the pool in the public eye around the Lune Valley and help meet every increasing energy and operational costs. To this end two live music and dance 'Splish Splash' party nights were held in Hornby and Kirkby Lonsdale during the current year- room hire and musicians charity rate expenses incurred are paid from ticket sales. We also held a very successful Christmas raffle 2 LUNE VALLEY COMMUNITY SOCIETY LTD Report of the Trustees for the Year Ended 31st December 2022 ## **FINANCIAL REVIEW Financial position** There was an overall Surplus in the year of £3,705 compared to £11,355 in 2021 Management and Administration of the Lune Valley Swimming Pool made LCVS a Surplus of £3,705 in the year ending December 2022 compared to an annual Surplus of £14,900 in 2021. In 2021 LVCS also spent the remaining £11,977 of the National lottery grant secured in 2020 to reduce the overall surplus down Firstly this Surplus includes £2,388 of fundraising, donations and memberships. The local community continues to generously support LVCS and these amounts are very much appreciated in these difficult times. In 2020 and 2021 a provison of £7,500 was made for Water charges at the swimming pool. The Trustees managed to negotiate these charges down and £5,000 of this provision has been reversed in the 2022 accounts. Without this exceptional accounting entry there would have been a deficit in the accounts of £1,295. The year began very well with strong numbers of people swimming. However, the increase in gas and electricity costs has hit the pool very hard. A price increase and careful management of the pool have meant that the huge increase in heating and lighting costs at £31,216 in 2022 (compared to £13,763 in 2021) have almost been covered by the income from swimmers, schools and classes. The pool is not through this tough time yet with the current government support being reduced further in April but with fixing energy prices until September 2023 and upcoming energy review the Trustees feel that the pool should get through this crisis in a good position for the future. People are still swimming! 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. 3 LUNE VALLEY COMMUNITY SOCIETY LTD ## Report of the Trustees for the Year Ended 31st December 2022 ## **FINANCIAL REVIEW** ## **Reserves and financial viability** The Reserves Policy for the Charity was reviewed in 2021 to retain reserves of 6 months running costs. This year these have risen and so retained reserves should be £35,000. All remaining funds are used in the management and running of the facility. At 31st December the General Fund had a positive balance of £41,159 (2021: £37,454). This fund contained the assets totalling £47,194 including a cash balance of £33,814 (2021: £38,863) plus Trade Debtors to be received from customers of £13,380 (2021 £7,823). All of these Debtors are expected to pay. These assets were offset by Trade Creditors of £6,035 (2021: £9,231). These Trade Creditors include an estimated charge for waste water from Water Plus of £2,500. This is the reduced charge LCVS has negotiated for waste water (2021: £7,500). Despite the new challenges of the energy crisis the Trustees feel that the charity has enough reserves and is in a stable position to fulfil its activities in 2023 and beyond. ## **FUTURE PLANS** We will continue to review the timetable to ensure we offer sessions that meet our customer's needs and remain financially viable to run, and introduce new sessions wherever possible. We will employ consultants to undertake an Energy Efficiency Audit of the pool and its equipment. We will use this as a basis to draw up an investment plan that will ensure the pool becomes sustainable into the future. This will need a huge fundraising effort both from national and local grants and our ever generous and supportive local community. ## **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 2022 ## **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 21st April 2023 and signed on its behalf by: Philip Mugford (Apr 21, 2023 16:07 CDT) 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 2022. ## **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 21st April 2023 7 LUNE VALLEY COMMUNITY SOCIETY LTD Statement of Financial Activities for the Year Ended 31st December 2022 |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
201
**Charitable activities**
Administration of Lune Valley
Community Swimming Pool
152,284
Other trading activities
2
2,188
Investment income
3
67
**Total**
154,740
**EXPENDITURE ON**
Raising funds
1,060
**Charitable activities**
Administration of Lune Valley
Community Swimming Pool
149,975
**Total**
151,035
**NET INCOME**
3,705
**RECONCILIATION OF FUNDS**
Total funds brought forward
37,454
**TOTAL FUNDS CARRIED FORWARD**
41,159|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-|2022
Total
funds
£
201
152,284
2,188
67
154,740
1,060
149,975
151,035
3,705
37,454
41,159|2021
Total
funds
£
20,319
102,071
-
-
122,390
-
111,035
111,035
11,355
26,099
37,454| |---|---|---|---| The notes form part of these financial statements 8 LUNE VALLEY COMMUNITY SOCIETY LTD ## Balance Sheet 31st December 2022 |Unrestricted
Restricted
fund
fund
Notes
£
£
**CURRENT ASSETS**
Debtors
7
13,380
-
Cash at bank
33,814
-
47,194
-
**CREDITORS**
Amounts falling due within one year
8
(6,035)
-
**NET CURRENT ASSETS**
41,159
-
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
41,159
-
**NET ASSETS**
41,159
-
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|2022
Total
funds
£
13,380
33,814
47,194
(6,035)
41,159
41,159
41,159
41,159
41,159|2021
Total
funds
£
7,823
38,862
46,685
(9,231)
37,454
37,454
37,454
37,454
37,454| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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 2022 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 21st April 2023 and were signed on its behalf by: **----- Start of picture text -----**
Philip Mugford (Apr 21, 2023 16:07 CDT)
**----- End of picture text -----**
P Mugford - Trustee **----- Start of picture text -----**
Jo mugford (Apr 21, 2023 22:08 GMT+1)
**----- End of picture text -----**
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 2022 ## **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 2022 ## **1. ACCOUNTING POLICIES - continued** ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. OTHER TRADING ACTIVITIES** |Fundraising events
**3.**
**INVESTMENT INCOME**
Deposit account interest|2022
£
2,188
2022
£
67|2021
£
-
2021
£
-| |---|---|---| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st December 2022 nor for the year ended 31st December 2021. ## **Trustees' expenses** Trustees only received reimbursed expenses. continued... 12 LUNE VALLEY COMMUNITY SOCIETY LTD Notes to the Financial Statements - continued for the Year Ended 31st December 2022 ## **5. 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.
**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**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|2022
2
Restricted
fund
£
-
-
-
11,977
(11,977)
11,977
-|2021
1
Total
funds
£
20,319
102,071
122,390
111,035
11,355
26,099
37,454| |---|---|---| continued... 13 LUNE VALLEY COMMUNITY SOCIETY LTD Notes to the Financial Statements - continued for the Year Ended 31st December 2022 **----- Start of picture text -----**
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 13,380 7,823
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 5,956 9,231
Other creditors 79 -
6,035 9,231
9. MOVEMENT IN FUNDS
Net
movement At
At 1.1.22 in funds 31.12.22
£ £ £
Unrestricted funds
General fund 37,454 3,705 41,159
TOTAL FUNDS 37,454 3,705 41,159
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 154,740 (151,035) 3,705
TOTAL FUNDS 154,740 (151,035) 3,705
**----- End of picture text -----**
continued... 14 LUNE VALLEY COMMUNITY SOCIETY LTD Notes to the Financial Statements - continued for the Year Ended 31st December 2022 ## **9. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |Net
movement
At 1.1.21
in funds
£
£
**Unrestricted funds**
General fund
14,122
23,332
**Restricted funds**
National Lottery Covid Fund
11,977
(11,977)|At
31.12.21
£
37,454
-| |---|---| |**TOTAL FUNDS**
26,099
11,355|37,454| ||| |Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
122,390
(99,058)
**Restricted funds**
National Lottery Covid Fund
-
(11,977)|Movement
in funds
£
23,332
(11,977)| |**TOTAL FUNDS**
122,390
(111,035)|11,355| continued... 15 LUNE VALLEY COMMUNITY SOCIETY LTD Notes to the Financial Statements - continued for the Year Ended 31st December 2022 ## **9. 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 1.1.21
in funds
31.12.22
£
£
£
14,122
27,037
41,159
11,977
(11,977)
-
26,099
15,060
41,159| |---|---| 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
£
277,130
-
277,130|Resources
Movement
expended
in funds
£
£
(250,093)
27,037
(11,977)
(11,977)
(262,070)
15,060| |---|---|---| continued... 16 LUNE VALLEY COMMUNITY SOCIETY LTD Notes to the Financial Statements - continued for the Year Ended 31st December 2022 ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st December 2022. 17 LUNE VALLEY COMMUNITY SOCIETY LTD Detailed Statement of Financial Activities for the Year Ended 31st December 2022 |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Other trading activities**
Fundraising events
**Investment income**
Deposit account interest
**Charitable activities**
Income from Lune Valley Community
Swimming Pool
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Sundries
**Charitable activities**
Wages
Social security
Pensions
Insurance
Light and heat
Telephone
Carried forward|2022
£
201
-
201
2,188
67
152,284
154,740
1,060
22,620
(219)
142
3,327
31,216
198
57,284|2021
£
670
19,649
20,319
-
-
102,071
122,390
-
19,715
790
-
3,391
13,763
192
37,851| |---|---|---| This page does not form part of the statutory financial statements 18 LUNE VALLEY COMMUNITY SOCIETY LTD ## Detailed Statement of Financial Activities for the Year Ended 31st December 2022 |**Charitable activities**
Brought forward
Advertising
Costs of Sales
Repairs and Maintenance
Other running costs
Bank Charges
Teachers and Lifeguards
**Support costs**
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|2022
£
57,284
359
11,596
10,152
(2,597)
925
71,528
149,247
728
151,035
3,705|2021
£
37,851
284
8,835
8,057
8,200
702
46,422
110,351
684
111,035
11,355| |---|---|---| This page does not form part of the statutory financial statements 19 ## LVSP Accounts 2022 Final Audit Report 2023-04-21 Created: 2023-04-21 By: David Wootton (david@woottonandco.com) Status: Signed Transaction ID: CBJCHBCAABAAXImf1F1ADz8pPD0bxaUE4e7qGVyMSfOJ ## "LVSP Accounts 2022" History ## Document created by David Wootton (david@woottonandco.com) 2023-04-21 - 15:30:58 GMT- IP address: 31.94.0.56 - Document e-signed by David Wootton (david@woottonandco.com) Signature Date: 2023-04-21 - 15:32:31 GMT - Time Source: server- IP address: 31.94.0.56 Document emailed to Philip Mugford (p.mugford@janusautomotive.co.uk) for signature 2023-04-21 - 15:32:32 GMT ## Email viewed by Philip Mugford (p.mugford@janusautomotive.co.uk) 2023-04-21 - 21:07:01 GMT- IP address: 104.28.50.168 - Document e-signed by Philip Mugford (p.mugford@janusautomotive.co.uk) Signature Date: 2023-04-21 - 21:07:37 GMT - Time Source: server- IP address: 142.44.74.221 - Document emailed to jmugford@hotmail.co.uk for signature 2023-04-21 - 21:07:38 GMT ## Email viewed by jmugford@hotmail.co.uk 2023-04-21 - 21:07:47 GMT- IP address: 104.28.89.69 - Signer jmugford@hotmail.co.uk entered name at signing as Jo mugford 2023-04-21 - 21:08:27 GMT- IP address: 185.217.159.124 ## Document e-signed by Jo mugford (jmugford@hotmail.co.uk) Signature Date: 2023-04-21 - 21:08:29 GMT - Time Source: server- IP address: 185.217.159.124 ## Agreement completed. 2023-04-21 - 21:08:29 GMT Names and email addresses are entered into the Acrobat Sign service by Acrobat Sign users and are unverified unless otherwise noted.