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2024-12-31-accounts

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 2024

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 2024

----- Start of picture text -----
Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8 to 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
Notes to the Financial Statements 13 to 19
Detailed Statement of Financial Activities 20 to 21
----- End of picture text -----

LUNE VALLEY COMMUNITY SOCIETY LTD

Report of the Trustees for the Year Ended 31st December 2024

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 2024. 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 2024

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 2024 we provided nearly 25,500 swims compared to 29,500 swims in 2023. This can be reduction in numbers can be accounted for by the 6 week closure over the summer for the investment work.

12,300 child and adult lessons took place throughout 2024, compared with 12,800 during 2023 (again this drop can be explained by summer closure). 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. Unfortunately, our chemical dosing system failed in the spring, which cost £10,500 to replace. This cost was covered from our reserve funds (we were unable to find a grant at such short notice).

2

LUNE VALLEY COMMUNITY SOCIETY LTD

Report of the Trustees for the Year Ended 31st December 2024

The big news in 2024 was the replacement of the original roof with an up to spec fully insulated version; the installation of PV (solar) panels on one side of the roof along with batteries to store excess power; the installation of a new Air Handling system - this not only provides us with fresh air in the building, it maintains the air and water temperature in a super efficient way; replaced all the pool hall lights with LED versions and re decorated the building. This wouldn't have been possible without the grants from Swimming Pool Sustainability Fund, the Rural England Prosperity Fund, donations from our supporters and the mammoth effort of the pool team and volunteers. The investment work has significantly reduced our energy consumption and improved the look and feel of the pool building.

3

LUNE VALLEY COMMUNITY SOCIETY LTD

Report of the Trustees for the Year Ended 31st December 2024

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:

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:

Operations:

Investment work:

4

LUNE VALLEY COMMUNITY SOCIETY LTD

Report of the Trustees for the Year Ended 31st December 2024

FINANCIAL REVIEW Financial position

There was an overall deficit in the year of £19,516 compared to a surplus of £1,660 in 2023.

Firstly, this deficit includes £4,784 of fundraising, donations and memberships. A reduction on the £6,783 raised in 2023. The local community continues to generously support LVCS and these amounts are very much appreciated in these difficult times.

Stripping out the income and expenditure associated with the refurbishment of the pool, this produced a small increase in operating losses compared with 2023.

The big story of the year was the closure of the pool over the summer to install a new roof, LED lights and solar panels to ensure the sustainability of the pool. The cost was entirely met by grants. - 2 restricted government grants secured to cover this high expenditure as well as a local members grant of £500 towards the costs of licences. These government grants were the Swimming Pool Sustainability Fund capital grant of £72,906 and the Rural England Prosperity Fund grant of £83,921.

In addition to the investment work, £21,408 was spent on other repairs and maintenance. Grants for £750 from the Boost Charitable Trust and £250 from the 3R covered some specific items within this cost and so there was a net repairs and maintenance cost after grant funding of £20,408 compared with £7,199 in 2023.

This summer closure notwithstanding, the pool managed to keep income at the same level of £164,549 compared with £164,514 in 2023.

The cost of heating and lighting of £25,916 is a reduction from the £31,648 incurred in 2023. This includes part year benefits of the investment work which will also accrue in future financial years.

Most other costs remained consistent in a time of rising costs. The expectation is that the work carried out will allow ongoing savings in administration costs. In addition, price increases have been set in place to offset the rising cost of personnel with the expectation that this will minimise the operating deficit going forward.

5

LUNE VALLEY COMMUNITY SOCIETY LTD

Report of the Trustees

for the Year Ended 31st December 2024

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 £12,000

All remaining funds are used in the management and running of the facility.

At 31st December the General Fund had a positive balance of £23,303 (2023: £42,819).

This fund contained the assets totalling £38,330 including a cash balance of £25,514 (2023: £26,072) plus Trade Debtors to be received from customers, grants and gift aid of £5,526 (2023 £21,601). All of these Debtors are expected to pay.

These assets were offset by Trade Creditors of £7,737(2023: £4,854).

At 31st December the Restricted Fund had a nil balance (2023: £nil).

This fund contained Trade Debtors to be received from grants of £7,290 (2023 £nil). All of these Debtors are expected to pay. This asset was offset by Trade Creditors of £7,290 (2023: £nil).

The Trustees feel that the charity has enough reserves and is in a stable position to fulfil its activities in 2025 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. We have found funding and delivered the majority of the plan, however we still have to find funding for, variable speed drive pumps, replacement pool cover, lagging for pipes and light sensors in the changing rooms. We are working hard to source funding to cover the £25k costs.

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)

6

LUNE VALLEY COMMUNITY SOCIETY LTD

Report of the Trustees

for the Year Ended 31st December 2024

Registered Charity number

1176086

Registered office

Lune Valley Community Swimming Pool Melling Road Hornby Lancaster Lancashire LA2 8LH

Trustees

D J Collins (resigned 18.6.24) R D Carter (resigned 31.10.24) P Mugford J Mugford H Mee (appointed 18.6.24) J Thornhill (appointed 18.6.24) P Kenyon (appointed 18.6.24)

Independent Examiner

David Wootton & Co Main Street Wray Lancaster LA2 8QA

Approved by order of the board of trustees on 6th July 2025 and signed on its behalf by:

P Mugford - Trustee

7

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 2024.

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.

8

Independent Examiner's Report to the Trustees of Lune Valley Community Society Ltd

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the 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

The Chartered Institute of Management Accountants

David Wootton & Co Wray Lancaster

6th July 2025

9

LUNE VALLEY COMMUNITY SOCIETY LTD

Statement of Financial Activities for the Year Ended 31st December 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
4,561
Charitable activities
Administration of Lune Valley
Community Swimming Pool
164,549
Other trading activities
2
2,528
Investment income
3
444
Total
172,082
EXPENDITURE ON
Raising funds
-
Charitable activities
Administration of Lune Valley
Community Swimming Pool
191,598
Total
191,598
NET INCOME/(EXPENDITURE)
(19,516)
RECONCILIATION OF FUNDS
Total funds brought forward
42,819
TOTAL FUNDS CARRIED FORWARD
23,303
Restricted
funds
£
158,327
-
-
-
158,327
-
158,327
158,327
-
-
-
2024
Total
funds
£
162,888
164,549
2,528
444
330,409
-
349,925
349,925
(19,516)
42,819
23,303
2023
Total
funds
£
14,519
164,514
5,528
352
184,913
224
183,029
183,253
1,660
41,159
42,819

The notes form part of these financial statements

10

LUNE VALLEY COMMUNITY SOCIETY LTD

Balance Sheet 31st December 2024

Unrestricted
Restricted
fund
funds
Notes
£
£
CURRENT ASSETS
Debtors
7
12,816
7,290
Cash at bank
18,224
-
31,040
7,290
CREDITORS
Amounts falling due within one year
8
(7,737)
(7,290)
NET CURRENT ASSETS
23,303
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
23,303
-
NET ASSETS
23,303
-
FUNDS
9
Unrestricted funds
TOTAL FUNDS
2024
Total
funds
£
20,106
18,224
38,330
(15,027)
23,303
23,303
23,303
23,303
23,303
2023
Total
funds
£
21,601
26,072
47,673
(4,854)
42,819
42,819
42,819
42,819
42,819

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

11

LUNE VALLEY COMMUNITY SOCIETY LTD

Balance Sheet - continued 31st December 2024

The trustees acknowledge their responsibilities for

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 6th July 2025 and were signed on its behalf by:

P Mugford - Trustee

J Mugford - Trustee

The notes form part of these financial statements

12

LUNE VALLEY COMMUNITY SOCIETY LTD

Notes to the Financial Statements for the Year Ended 31st December 2024

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...

13

LUNE VALLEY COMMUNITY SOCIETY LTD

Notes to the Financial Statements - continued for the Year Ended 31st December 2024

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
2024
£
2,528
2024
£
444
2023
£
5,528
2023
£
352

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023.

Trustees' expenses

Trustees only received reimbursed expenses.

continued...

14

LUNE VALLEY COMMUNITY SOCIETY LTD

Notes to the Financial Statements - continued for the Year Ended 31st December 2024

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
13,333
Charitable activities
Administration of Lune Valley
Community Swimming Pool
164,514
Other trading activities
5,528
Investment income
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
2024
2
Restricted
funds
£
1,186
-
-
-
1,186
-
1,186
1,186
-
-
2023
2
Total
funds
£
14,519
164,514
5,528
352
184,913
224
183,029
183,253
1,660
41,159

continued...

15

LUNE VALLEY COMMUNITY SOCIETY LTD

Notes to the Financial Statements - continued for the Year Ended 31st December 2024

----- Start of picture text -----
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 42,819 - 42,819
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 5,526 10,635
Other debtors 14,580 10,966
20,106 21,601
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 7,634 4,854
Other creditors 7,393 -
15,027 4,854
9. MOVEMENT IN FUNDS
Net
movement At
At 1.1.24 in funds 31.12.24
£ £ £
Unrestricted funds
General fund 42,819 (19,516) 23,303
TOTAL FUNDS 42,819 (19,516) 23,303
----- End of picture text -----

continued...

16

LUNE VALLEY COMMUNITY SOCIETY LTD

Notes to the Financial Statements - continued for the Year Ended 31st December 2024

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Roof, LED, PV and AHU works
Grants for specific items
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
172,082
157,327
1,000
158,327
330,409
At 1.1.23
£
41,159
41,159
Resources
Movement
expended
in funds
£
£
(191,598)
(19,516)
(157,327)
-
(1,000)
-
(158,327)
-
(349,925)
(19,516)
Net
movement
At
in funds
31.12.23
£
£
1,660
42,819
1,660
42,819

continued...

17

LUNE VALLEY COMMUNITY SOCIETY LTD

Notes to the Financial Statements - continued for the Year Ended 31st December 2024

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
LCC Fund
3R Fund for equipment purchase
Incoming
Resources
resources
expended
£
£
183,727
(182,067)
686
(686)
500
(500)
Movement
in funds
£
1,660
-
-
1,186
(1,186)
-
TOTAL FUNDS 184,913
(183,253)
1,660
A current year 12 months and prior year 12
Unrestricted funds
General fund
months combined position is as follows:
Net
movement
At
At 1.1.23
in funds
31.12.24
£
£
£
41,159
(17,856)
23,303
TOTAL FUNDS 41,159
(17,856)
23,303

continued...

18

LUNE VALLEY COMMUNITY SOCIETY LTD

Notes to the Financial Statements - continued for the Year Ended 31st December 2024

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
Roof, LED, PV and AHU works
Grants for specific items
TOTAL FUNDS
Incoming
resources
£
355,809
157,327
1,000
158,327
515,322
Resources
Movement
expended
in funds
£
£
(373,665)
(17,856)
(157,327)
-
(1,000)
-
(158,327)
-
(533,178)
(17,856)

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2024.

19

LUNE VALLEY COMMUNITY SOCIETY LTD

Detailed Statement of Financial Activities for the Year Ended 31st December 2024

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
Pensions
Insurance
Light and heat
Telephone
Advertising
Carried forward
2024
£
2,255
160,633
162,888
2,528
444
164,549
330,409
-
29,558
515
6,081
25,916
192
489
62,751
2023
£
1,255
13,264
14,519
5,528
352
164,514
184,913
224
27,776
450
4,656
31,648
192
251
64,973

This page does not form part of the statutory financial statements

20

LUNE VALLEY COMMUNITY SOCIETY LTD

Detailed Statement of Financial Activities for the Year Ended 31st December 2024

Charitable activities
Brought forward
Costs of Sales
Repairs and Maintenance
Other running costs
Bank Charges
Teachers and Lifeguards
Bad debts
Support costs
Governance costs
Accountancy and legal fees
Legal fees
Total resources expended
Net (expenditure)/income
2024
£
62,751
16,618
178,735
3,274
1,187
84,117
402
347,084
716
2,125
2,841
349,925
(19,516)
2023
£
64,973
13,093
8,385
6,105
1,193
88,564
-
182,313
716
-
716
183,253
1,660

This page does not form part of the statutory financial statements

21

LVSP Accounts 2024

Final Audit Report

2025-07-06

Created: 2025-07-04 By: David Wootton (david@woottonandco.com) Status: Signed Transaction ID: CBJCHBCAABAAAQmNPYcsm2qC8TNXSdWtvae_mMjP2lyS

"LVSP Accounts 2024" History

Document created by David Wootton (david@woottonandco.com)

2025-07-04 - 13:47:34 GMT- IP address: 5.83.9.74

Document emailed to chairman@lunevalleypool.com for signature

2025-07-04 - 13:48:50 GMT

2025-07-04 - 14:37:24 GMT- IP address: 5.83.9.74

2025-07-04 - 14:37:24 GMT

Email viewed by Philip Mugford (p.mugford@janusautomotive.co.uk)

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Signature Date: 2025-07-06 - 09:14:47 GMT - Time Source: server- IP address: 104.28.89.30

2025-07-06 - 09:14:48 GMT

Email viewed by JOANNE BURRIS (jmugford@hotmail.co.uk)

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Signer JOANNE BURRIS (jmugford@hotmail.co.uk) entered name at signing as JOANNE MUGFORD 2025-07-06 - 10:12:38 GMT- IP address: 148.252.148.187

Document e-signed by JOANNE MUGFORD (jmugford@hotmail.co.uk)

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Document emailed to David Wootton (david@woottonandco.com) for signature

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Document e-signed by David Wootton (david@woottonandco.com) Signature Date: 2025-07-06 - 13:31:10 GMT - Time Source: server- IP address: 148.252.19.37

Agreement completed.

2025-07-06 - 13:31:10 GMT