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 2023
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 2023
----- Start of picture text -----
Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7 to 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 18
Detailed Statement of Financial Activities 19 to 20
----- End of picture text -----
LUNE VALLEY COMMUNITY SOCIETY LTD
Report of the Trustees for the Year Ended 31st December 2023
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 2023. 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 2023
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 and adults lessons, informal family swimming and schools lessons.
During 2023 we provided over 29,500 swims. This is a significant increase on the 28,000 in 2022.
12,800 child and adult lessons took place throughout 2023. Their sessions include our schools swimming, after school/Saturday morning lessons, Ducklings, Splashing Tots, Rookie Lifeguards and adult learn to swim and stroke improver classes.
Other user groups include: Lunesdale Divers, Lancaster Sub Aqua, Scouts, 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, Aquafit, Gentle Water workout and adult improver lessons. We are also taking part in the local GP referral scheme.
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.
2
LUNE VALLEY COMMUNITY SOCIETY LTD
Report of the Trustees for the Year Ended 31st December 2023
ACHIEVEMENT AND PERFORMANCE
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.
Unrestricted fundraising:
-
We received enormous support through our first Sponsored Swim - participants (adults and children) smashed our original target of swimming the equivalent of the length of the Lune River, by swimming twice the length and raised nearly £3,000 in the process.
-
5th Anniversary afternoon family party and 80's Disco night in October which was well attended.
-
Very successful Christmas raffle with amazing prizes kindly donated by local businesses and supporters.
-
LVCS was one of the nominated Co-op charities through the Caton store - through this £1900 was raised.
-
Wray Chapel donated £500 - the proceeds of their coffee mornings in 2023
-
HVT and Alison Griffiths donated £300 from the HVT weekly quiz.
All of the fundraising above was unrestricted and was used to subsidise the running costs of the pool.
We were also successful in our grant applications to:
-
3R fund - £500 funded Splashball and lesson equipment
-
Lancashire County Council Local Members Grant - £686 funded a new pool vacuum
-
Swimming Pool Sustainability Fund Revenue grant - £17,000 to go towards the increased costs of utilities and chemicals in 2023 and 2024
3
LUNE VALLEY COMMUNITY SOCIETY LTD
Report of the Trustees for the Year Ended 31st December 2023
FINANCIAL REVIEW Financial position
There was an overall Surplus in the year of £1,600 compared to £3,705 in 2022
Firstly this Surplus includes £6,783 of fundraising, donations and memberships. An increase on the £2,389 raised in 2022. The local community continues to generously support LVCS and these amounts are very much appreciated in these difficult times.
Management and Administration of the Lune Valley Swimming Pool created a deficit for LCVS of £16,977 in the year ending December 2023 compared to an annual Surplus of £2,376 in 2021.
There were, however grants of £13,264 to offset this deficit and let the charity overall cover its costs for the year.
The story of the year was one of increasing revenue but also increasing costs. A modest price increase and increased numbers of swimmers meant that the income from the pool increased by around 10% overall to £164,514. This is remarkable in a year when there were school swimming cutbacks.
This increase was not enough to cover the increased staff costs to deliver these sessions.
Also the sustained high cost of heating and lighting of £31,648 continued to create a challenge. This cost is broadly in line with 2022 but up from £13,763 in 2021.
One of the grants used in the year was £10,133 from the government Swimming Pool Support Fund. The overall grant secured by the Trustees from this fund was £17,002 to help counter these high heating costs until 2025. A second phase of the grant has also been secured to make the building more sustainable to help reduce these costs long term.
Other grants secured in the year were £500 to fund some equipment for the lessons and £623 to purchase a new vacuum.
In 2022 there was a credit of £5,000 of water charges which has not been repeated this year. That aside the increased heating and lighting costs remained consistent in a time of rising costs
The pool is not through this tough time yet but with the upcoming work on the building the Trustees feel it should continue to cover its costs and continue to service the community in 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.
4
LUNE VALLEY COMMUNITY SOCIETY LTD
Report of the Trustees
for the Year Ended 31st December 2023
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 £42,819 (2022: £41,159).
This fund contained the assets totalling £47,673 including a cash balance of £26,072 (2022: £33,814) plus Trade Debtors to be received from customers, grants and gift aid of £21,601 (2022 £13,380). All of these Debtors are expected to pay.
These assets were offset by Trade Creditors of £4,854 (2022: £6,035).
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 2024 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 also monitor our running costs to ensure we are as efficient as possible with our funds.
Following the Energy Efficiency Audit of the pool undertaken by specialist consultants we have developed an investment plan for the pool to ensure it becomes sustainable into the future. This plan totals £194k and includes replacement of the roof, installation of PV panels, new efficient air handling unit, automatic chlorine dosing, variable speed drive pumps, replacement pool cover, lagging for pipes and LED lighting. We have successfully secured £75k to date, we have applied for a further £84k (awaiting decision) and are working to identify funding sources for the remaining £35k.
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
5
LUNE VALLEY COMMUNITY SOCIETY LTD
Report of the Trustees
for the Year Ended 31st December 2023
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 16/05/2024 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Philip Mugford (May 16, 2024 09:03 GMT+1) ............................................................ P Mugford - Trustee
6
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 2023.
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.
7
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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
David Wootton & Co Wray Lancaster
16/05/2024 Date: .............................................
8
LUNE VALLEY COMMUNITY SOCIETY LTD
Statement of Financial Activities for the Year Ended 31st December 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 13,333 Charitable activities Administration of Lune Valley Community Swimming Pool 164,514 Other trading activities 2 5,528 Investment income 3 352 Total 183,727 EXPENDITURE ON Raising funds 224 Charitable activities Administration of Lune Valley Community Swimming Pool 181,843 Total 182,067 NET INCOME 1,660 RECONCILIATION OF FUNDS Total funds brought forward 41,159 TOTAL FUNDS CARRIED FORWARD 42,819 |
Restricted funds £ 1,186 - - - 1,186 - 1,186 1,186 - - - |
2023 Total funds £ 14,519 164,514 5,528 352 184,913 224 183,029 183,253 1,660 41,159 42,819 |
2022 Total funds £ 201 152,284 2,188 67 154,740 1,060 149,975 151,035 3,705 37,454 41,159 |
|---|---|---|---|
The notes form part of these financial statements
9
LUNE VALLEY COMMUNITY SOCIETY LTD
Balance Sheet 31st December 2023
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Debtors 7 21,601 - Cash at bank 26,072 - 47,673 - CREDITORS Amounts falling due within one year 8 (4,854) - NET CURRENT ASSETS 42,819 - TOTAL ASSETS LESS CURRENT LIABILITIES 42,819 - NET ASSETS 42,819 - FUNDS 9 Unrestricted funds TOTAL FUNDS |
2023 Total funds £ 21,601 26,072 47,673 (4,854) 42,819 42,819 42,819 42,819 42,819 |
2022 Total funds £ 13,380 33,814 47,194 (6,035) 41,159 41,159 41,159 41,159 41,159 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
10
LUNE VALLEY COMMUNITY SOCIETY LTD
Balance Sheet - continued 31st December 2023
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 16/05/2024 ............................................. and were signed on its behalf by:
Philip Mugford (May 16, 2024 09:03 GMT+1)
.............................................
P Mugford - Trustee
Joanne Mugford (May 16, 2024 09:05 GMT+1)
............................................. J Mugford - Trustee
The notes form part of these financial statements
11
LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements for the Year Ended 31st December 2023
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...
12
LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
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 |
2023 £ 5,528 2023 £ 352 |
2022 £ 2,188 2022 £ 67 |
|---|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.
Trustees' expenses
Trustees only received reimbursed expenses.
continued...
13
LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
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 201 Charitable activities Administration of Lune Valley Community Swimming Pool 152,284 Other trading activities 2,188 Investment income 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 |
2023 2 Restricted fund £ - - - - - - - - - - |
2022 2 Total funds £ 201 152,284 2,188 67 154,740 1,060 149,975 151,035 3,705 37,454 |
|---|---|---|
continued...
14
LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
----- Start of picture text -----
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 41,159 - 41,159
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 10,635 13,380
Other debtors 10,966 -
21,601 13,380
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 4,854 5,956
Other creditors - 79
4,854 6,035
9. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£ £ £
Unrestricted funds
General fund 41,159 1,660 42,819
TOTAL FUNDS 41,159 1,660 42,819
----- End of picture text -----
continued...
15
LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds LCC Fund 3R Fund for equipment purchase TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 183,727 686 500 1,186 184,913 At 1.1.22 £ 37,454 37,454 |
Resources Movement expended in funds £ £ (182,067) 1,660 (686) - (500) - (1,186) - (183,253) 1,660 Net movement At in funds 31.12.22 £ £ 3,705 41,159 3,705 41,159 |
|---|---|---|
continued...
16
LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 154,740 154,740 |
Resources Movement expended in funds £ £ (151,035) 3,705 (151,035) 3,705 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At At 1.1.22 in funds 31.12.23 £ £ £ 37,454 5,365 42,819 37,454 5,365 42,819 |
|---|---|
continued...
17
LUNE VALLEY COMMUNITY SOCIETY LTD
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
9. 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 LCC Fund 3R Fund for equipment purchase TOTAL FUNDS |
Incoming resources £ 338,467 686 500 1,186 339,653 |
Resources Movement expended in funds £ £ (333,102) 5,365 (686) - (500) - (1,186) - (334,288) 5,365 |
|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2023.
18
LUNE VALLEY COMMUNITY SOCIETY LTD
Detailed Statement of Financial Activities for the Year Ended 31st December 2023
| 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 |
2023 £ 1,255 13,264 14,519 5,528 352 164,514 184,913 224 27,776 - 450 4,656 31,648 192 64,722 |
2022 £ 201 - 201 2,188 67 152,284 154,740 1,060 22,620 (219) 142 3,327 31,216 198 57,284 |
|---|---|---|
This page does not form part of the statutory financial statements
19
LUNE VALLEY COMMUNITY SOCIETY LTD
Detailed Statement of Financial Activities for the Year Ended 31st December 2023
| 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 |
2023 £ 64,722 251 13,093 8,385 6,105 1,193 88,564 182,313 716 183,253 1,660 |
2022 £ 57,284 359 11,596 10,152 (2,597) 925 71,528 149,247 728 151,035 3,705 |
|---|---|---|
This page does not form part of the statutory financial statements
20
2024-05-16
Final Audit Report
LVSP Accounts 2023
Created: 2024-05-13 By: David Wootton (david@woottonandco.com) Status: Signed Transaction ID: CBJCHBCAABAAj4oe_G8utESM82krgK3Oxctpz3HOsqQ6
"LVSP Accounts 2023" History
Document created by David Wootton (david@woottonandco.com)
2024-05-13 - 2:05:46 PM GMT- IP address: 185.4.157.3
Document emailed to chairman@lunevalleypool.com for signature
2024-05-13 - 2:08:08 PM GMT
Email viewed by chairman@lunevalleypool.com
2024-05-16 - 8:00:02 AM GMT- IP address: 185.217.159.124
- Signer chairman@lunevalleypool.com entered name at signing as Philip Mugford
2024-05-16 - 8:03:24 AM GMT- IP address: 185.217.159.124
Document e-signed by Philip Mugford (chairman@lunevalleypool.com)
Signature Date: 2024-05-16 - 8:03:26 AM GMT - Time Source: server- IP address: 185.217.159.124
Document emailed to jmugford@hotmail.co.uk for signature 2024-05-16 - 8:03:28 AM GMT
Email viewed by jmugford@hotmail.co.uk
2024-05-16 - 8:03:45 AM GMT- IP address: 185.217.159.124
Signer jmugford@hotmail.co.uk entered name at signing as Joanne Mugford 2024-05-16 - 8:05:08 AM GMT- IP address: 185.217.159.124
Document e-signed by Joanne Mugford (jmugford@hotmail.co.uk)
Signature Date: 2024-05-16 - 8:05:10 AM GMT - Time Source: server- IP address: 185.217.159.124
Document emailed to David Wootton (david@woottonandco.com) for signature 2024-05-16 - 8:05:11 AM GMT
Email viewed by David Wootton (david@woottonandco.com) 2024-05-16 - 9:48:24 AM GMT- IP address: 5.83.9.74
Document e-signed by David Wootton (david@woottonandco.com) Signature Date: 2024-05-16 - 9:48:38 AM GMT - Time Source: server- IP address: 5.83.9.74
Agreement completed.
2024-05-16 - 9:48:38 AM GMT