Carnforth Community Swimming Pool
Report: 22[nd] February 2021
2020 Year Accounts – Report to Accountant
Pool Availability
An abnormal year since the March 2020 Covid closure, although very popular from 16[th] August 2020 for mental and physical health benefits, when reopened with special Covid related measures.
The Pool closed again 5[th] November 2020 to all but primary schools until the Christmas/New Year break and has been closed during all of 2021 to date.
Grants
£25,000 via the Lancaster City Council in April 2020 protected the sinking fund, reduced mostly by the cost of gas, electricity, water and insurance until restricted re-opening in August.
£1,000 from the Carnforth Town Council and £500 from Carnforth Rotary then minimised use of the sinking fund in the period through November to Christmas/New year, given far less than a break-even situation with just schools attending. The Pool has remained closed since and with staff again on Furlough and JRS payments are coming in.
Other grants came in during 2020 to pay for members of the community of all ages, suffering the effects of Covid lockdowns. These are as follows, although not yet utilised and hence revenue for 2021.
-
£469 Junior Swims, with funds from a LCC Champions Foxcroft grant Youngsters up to the age of 14 with alternative weeks of fun sessions and Royal Life Saving Society “ Rookie Lifeguard ” courses, to learn about water survival and rescue.
-
£500 Adult - pilot project, with funds from Tesco Bags of Help. Adults referred from ICC, with Teacher, for a gentle exercise swim.
-
£500 Adult - follow on, with funds from a LCC Champions grant Swims for six adults referred from ICC, with Teacher, for gentle exercise.
-
£500 Senior Adults , with funds from Lancaster District, Eric Wright Charitable Trust for older members of the community having suffered especially from isolation.
Xero Accounting Software
We are appreciative of the new software, which given most welcome assistance from RFM Julie, has enabled the 2020 account detail to be provided on-line. There are a few points of note:
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Transactions in 2020 relating to 2019 will no doubt be as already recorded in previous year accounts.
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Transactions in 2021 relating to 2020 have been identified with a text note and all given a date of 26Dec20 in the Account adjustments (bank statements unchanged), such that they can easily be identified. An alternative system may be preferred.
-
Transactions over the counter as cash or card are recorded by the cash register to include especially the various rates of VAT. All are considered to be zero VAT in Xero, but with monthly adjustments from the cash till print outs for VAT returns.
-
There is a Custom Report in Xero intended as a summary under true income and expenditure codes, although a check in the “Payroll” area would be appreciated.
Bank Statements
Current account statements have been provided as PDF by email, although the Cumberland does not issue Savings account statements that are in Xero, on line.
John Blowes – Trustee and Director
REGISTERED COMPANY NUMBER: 10971332 (England and Wales) REGISTERED CHARITY NUMBER: 1176769
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2020
for
Carnforth Community Swimming Pool Ltd
RfM Fylde Limited Summerdale Head Dyke Lane Pilling Preston Lancashire PR3 6SJ
Carnforth Community Swimming Pool Ltd
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
Carnforth Community Swimming Pool Ltd
Report of the Trustees for the Year Ended 31 December 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
Objectives and aims
To operate the Carnforth Community Swimming Pool for the benefit of all members of the public to include in particular, promoting the leisure, health and safety benefits of swimming for all ages, and especially teaching young persons to swim.
Achievement and Performance
A difficult year due to Covid with Pool closure March to August 2020 and introduction of the furlough arrangements. Re-opening then with Covid precautions of reduced numbers, sanitising between sessions and external doors open to provide added ventilation. The Pool has however been very popular and utilised to its temporarily limited capacity by the general public, groups and schools, hence objectives were achieved when the doors were open.
Page 1
Carnforth Community Swimming Pool Ltd
Report of the Trustees for the Year Ended 31 December 2020
Financial review
Swimming activity revenue was reduced from a more normal £130,000 to £79,000 compensated by grants, donations to cover the reduced wage and utilility costs etc. Advantage was also taken of breaks to review prices, resulting in a general inflation increase, along with regularising the inherited school lesson charges.
For the year ended 31 December 2020:
Income and Expenditure
In terms of income:
-
Donations of £3,564 were received from Friends of Carnforth Pool.
-
Gift aid of £1,031 was received.
-
Grants totalled £3,960 and comprise monies from restricted funds and unrestricted funds as shown in note 12.
-
Swimming activities generated income of £78,634.
-
Additional grants related to coronavirus support total £37,001 and made up of £25,000 business support grant and £12,001 job retention scheme grant.
Total incoming resources was £124,190.
The expenditure figures comprise:
-
The main expense is Wages (£42,196) and Lifeguards and instructors (£24,475) totalling £66,671.
-
Coach hire of £10,740 covers the cost of transporting school children to and from the pool.
-
Cost of refurbishment and repairs were £6,263.
The total resources expended was £121,154.
Total resources expended exceeded incoming resources by £3,036, Of this £498 represented net expenditure from restricted grant funding such that there is a deficit for the year on normal charity operations of £74.
Balance Sheet
As detailed above with resources expended exceeding incoming resources by £3,036 the carried forward reserves amount to £38,791. See note 12.
During the year a number of the Restricted Funds were utilised in line with the grant terms and conditions resulting in the funds being transferred to the Unrestricted General Fund, see note 12.
Bank balances totalled £30,495.
The reserves are managed to fulfil the objectives of the Charity.
The trustees consider this to be a healthy financial position.
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
10971332 (England and Wales)
Registered Charity number
1176769
Page 2
Carnforth Community Swimming Pool Ltd
Report of the Trustees for the Year Ended 31 December 2020
Registered office
Carnforth Community Swimming Pool Kellet Road Carnforth Lancaster Lancashire LA5 9LS
Trustees
Mr M H Dudfield (resigned 31/7/2020) Mrs F Wood (resigned 13/6/2020) Mr J Blowes Mrs E J Paul (appointed 14/7/2020) Mr L D Law (appointed 14/7/2020) Mr J M Grisenthwaite (appointed 14/7/2020)
Approved by order of the board of trustees on 29 July 2021 and signed on its behalf by:
Mr J Blowes - Trustee
Page 3
Carnforth Community Swimming Pool Ltd
Statement of Financial Activities for the Year Ended 31 December 2020
| Unrestricted funds Notes £ Income and endowments from Donations and legacies 5,594 Other trading activities 2 78,635 Investment income 3 - Other income 37,001 Total 121,230 Expenditure on Charitable activities Charitable 120,058 NET INCOME/(EXPENDITURE) 1,172 Transfers between funds 11 7,632 Net movement in funds 8,804 Reconciliation of funds Total funds brought forward 27,837 Total funds carried forward 36,641 |
Restricted funds £ 2,961 - - - 2,961 1,096 1,865 (7,632) (5,767) 7,917 2,150 |
2020 Total funds £ 8,555 78,635 - 37,001 124,191 121,154 3,037 - 3,037 35,754 38,791 |
2019 Total funds £ 21,909 132,730 265 - 154,904 171,295 (16,391) - (16,391) 52,145 35,754 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Carnforth Community Swimming Pool Ltd
Balance Sheet 31 December 2020
| Unrestricted Restricted funds funds Notes £ £ Fixed assets Tangible assets 8 6,300 - Current assets Debtors 9 4,674 - Cash at bank and in hand 28,345 2,150 33,019 2,150 Creditors Amounts falling due within one year 10 (2,678) - Net current assets 30,341 2,150 Total assets less current liabilities 36,641 2,150 NET ASSETS 36,641 2,150 Funds 11 Unrestricted funds Restricted funds Total funds |
2020 Total funds £ 6,300 4,674 30,495 35,169 (2,678) 32,491 38,791 38,791 36,641 2,150 38,791 |
2019 Total funds £ 7,412 9,305 23,966 33,271 (4,929) 28,342 35,754 35,754 27,837 7,917 35,754 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.
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 29 July 2021 and were signed on its behalf by:
Mr J Blowes - Trustee
The notes form part of these financial statements
Page 5
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements for the Year Ended 31 December 2020
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
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.
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
| Other trading activities | ||
|---|---|---|
| School swimming Group swimming Public swimming |
2020 £ 38,941 2,767 36,927 78,635 |
2019 £ 46,176 12,874 73,680 |
| 132,730 |
continued...
Page 6
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
3. Investment income
4.
| Investment income | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Deposit account interest | - | 265 |
| Net income/(expenditure) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 2020 | 2019 | |
| £ | £ | |
| Depreciation - owned assets | 1,112 | 1,308 |
5. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
6. Staff costs
The average monthly number of employees during the year was as follows:
7.
| Full and part time No employees received emoluments in excess of £60,000. Comparatives for the statement of financial activities Unrestricted funds £ Income and endowments from Donations and legacies 549 Other trading activities 132,732 Investment income 265 Total 133,546 Expenditure on Charitable activities Charitable 148,552 NET INCOME/(EXPENDITURE) (15,006) Transfers between funds 11,884 Net movement in funds (3,122) |
2020 3 Restricted funds £ 21,360 (2) - 21,358 22,743 (1,385) (11,884) (13,269) |
2019 3 Total funds £ 21,909 132,730 265 154,904 171,295 (16,391) - (16,391) |
|---|---|---|
continued...
Page 7
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 7. Comparatives for the statement of financial activities - continued Unrestricted funds £ Reconciliation of funds Total funds brought forward 30,959 Total funds carried forward 27,837 8. Tangible fixed assets Cost At 1 January 2020 and 31 December 2020 Depreciation At 1 January 2020 Charge for year At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019 9. Debtors: amounts falling due within one year Trade debtors Other debtors Prepayments |
Restricted Total funds funds £ £ 21,186 52,145 7,917 35,754 Plant and machinery £ 9,179 1,767 1,112 2,879 6,300 7,412 2020 2019 £ £ - 7,044 225 1,843 4,449 418 4,674 9,305 |
Total funds £ 52,145 |
|---|---|---|
| 35,754 | ||
continued...
Page 8
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
10. Creditors: amounts falling due within one year
| 2020 | 2019 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors | - | 3,929 | ||
| Social security and other taxes | 1,677 | - | ||
| Accrued expenses | 1,001 | 1,000 | ||
| 2,678 | 4,929 | |||
| Movement in funds | ||||
| Net | Transfers | |||
| movement | between | At | ||
| At 1/1/20 | in funds | funds | 31/12/20 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 12,092 | 1,172 | (1,623) | 11,641 |
| Sinking fund | 15,745 | - | 9,255 | 25,000 |
| 27,837 | 1,172 | 7,632 | 36,641 | |
| Restricted funds | ||||
| Training young lifeguards | 1,160 | - | (1,160) | - |
| Assistance for marketing and revenue | 2,552 | - | (2,362) | 190 |
| Tweens Swim Club re: anti social | ||||
| behaviour | 842 | - | (842) | - |
| Galbraith Two for materials, upgrading and | ||||
| marketing | 374 | (374) | - | - |
| Tesco Grant | 2,989 | 279 | (3,268) | - |
| Junior Swims | - | 460 | - | 460 |
| Adult - Pilot Project | - | 500 | - | 500 |
| Adult - Follow On | - | 500 | - | 500 |
| Senior Adults | - | 500 | - | 500 |
| 7,917 | 1,865 | (7,632) | 2,150 | |
| TOTAL FUNDS | 35,754 | 3,037 | - | 38,791 |
| Net movement in funds, included in the above are as follows: |
11. Movement in funds
| Unrestricted funds General fund Restricted funds Galbraith Two for materials, upgrading and marketing Tesco Grant Junior Swims Adult - Pilot Project Adult - Follow On Senior Adults TOTAL FUNDS |
Incoming resources £ 121,230 - 1,001 460 500 500 500 2,961 124,191 |
Resources Movement expended in funds £ £ (120,058) 1,172 (374) (374) (722) 279 - 460 - 500 - 500 - 500 (1,096) 1,865 (121,154) 3,037 |
Resources Movement expended in funds £ £ (120,058) 1,172 (374) (374) (722) 279 - 460 - 500 - 500 - 500 (1,096) 1,865 (121,154) 3,037 |
|---|---|---|---|
| 1,865 | |||
| 3,037 |
continued...
Page 9
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
11. Movement in funds - continued
Comparatives for movement in funds
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1/1/19 | in funds | funds | 31/12/19 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 11,012 | (9,932) | 11,012 | 12,092 |
| General use fund | 4,302 | (5,074) | 772 | - |
| Sinking fund | 15,645 | - | 100 | 15,745 |
| 30,959 | (15,006) | 11,884 | 27,837 | |
| Restricted funds | ||||
| Training young lifeguards | 2,811 | - | (1,651) | 1,160 |
| Promotion and materials | 134 | (76) | (58) | - |
| 1st stage upgrading, uniforms and publicity | 79 | (102) | 23 | - |
| Lifeguard training equipment | 227 | (403) | 176 | - |
| Assistance for marketing and revenue | 1,000 | 1,626 | (74) | 2,552 |
| Associated activity of Nordic Pole walking | 500 | - | (500) | - |
| Swim vouchers, over 60s and less fortunate | 4,250 | - | (4,250) | - |
| Tweens Swim Club re: anti social | ||||
| behaviour | 1,470 | - | (628) | 842 |
| Match Funding - Friends and Other Grants | - | (5,508) | 5,508 | - |
| Galbraith Two for materials, upgrading and | ||||
| marketing | 4,216 | (482) | (3,360) | 374 |
| Vera Wolstencroft Fund | 5,000 | (810) | (4,190) | - |
| Friends of Carnforth Pool | 1,499 | 1,381 | (2,880) | - |
| Tesco Grant | - | 2,989 | - | 2,989 |
| 21,186 | (1,385) | (11,884) | 7,917 | |
| TOTAL FUNDS | 52,145 | (16,391) | - | 35,754 |
continued...
Page 10
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
11. Movement in funds - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund General use fund Restricted funds Promotion and materials 1st stage upgrading, uniforms and publicity Lifeguard training equipment Assistance for marketing and revenue Match Funding - Friends and Other Grants Galbraith Two for materials, upgrading and marketing Vera Wolstencroft Fund Friends of Carnforth Pool Tesco Grant TOTAL FUNDS |
Incoming resources £ 133,546 - 133,546 - - - 2,000 12,650 2,000 - 1,708 3,000 21,358 154,904 |
Resources Movement expended in funds £ £ (143,478) (9,932) (5,074) (5,074) (148,552) (15,006) (76) (76) (102) (102) (403) (403) (374) 1,626 (18,158) (5,508) (2,482) (482) (810) (810) (327) 1,381 (11) 2,989 (22,743) (1,385) (171,295) (16,391) |
|---|---|---|
continued...
Page 11
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
11. Movement in funds - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1/1/19 | in funds | funds | 31/12/20 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 11,012 | (8,760) | 9,389 | 11,641 |
| General use fund | 4,302 | (5,074) | 772 | - |
| Sinking fund | 15,645 | - | 9,355 | 25,000 |
| 30,959 | (13,834) | 19,516 | 36,641 | |
| Restricted funds | ||||
| Training young lifeguards | 2,811 | - | (2,811) | - |
| Promotion and materials | 134 | (76) | (58) | - |
| 1st stage upgrading, uniforms and publicity | 79 | (102) | 23 | - |
| Lifeguard training equipment | 227 | (403) | 176 | - |
| Assistance for marketing and revenue | 1,000 | 1,626 | (2,436) | 190 |
| Associated activity of Nordic Pole walking | 500 | - | (500) | - |
| Swim vouchers, over 60s and less fortunate | 4,250 | - | (4,250) | - |
| Tweens Swim Club re: anti social | ||||
| behaviour | 1,470 | - | (1,470) | - |
| Match Funding - Friends and Other Grants | - | (5,508) | 5,508 | - |
| Galbraith Two for materials, upgrading and | ||||
| marketing | 4,216 | (856) | (3,360) | - |
| Vera Wolstencroft Fund | 5,000 | (810) | (4,190) | - |
| Friends of Carnforth Pool | 1,499 | 1,381 | (2,880) | - |
| Tesco Grant | - | 3,268 | (3,268) | - |
| Junior Swims | - | 460 | - | 460 |
| Adult - Pilot Project | - | 500 | - | 500 |
| Adult - Follow On | - | 500 | - | 500 |
| Senior Adults | - | 500 | - | 500 |
| 21,186 | 480 | (19,516) | 2,150 | |
| TOTAL FUNDS | 52,145 | (13,354) | - | 38,791 |
continued...
Page 12
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
11. 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 General use fund Restricted funds Promotion and materials 1st stage upgrading, uniforms and publicity Lifeguard training equipment Assistance for marketing and revenue Match Funding - Friends and Other Grants Galbraith Two for materials, upgrading and marketing Vera Wolstencroft Fund Friends of Carnforth Pool Tesco Grant Junior Swims Adult - Pilot Project Adult - Follow On Senior Adults TOTAL FUNDS |
Incoming resources £ 254,776 - 254,776 - - - 2,000 12,650 2,000 - 1,708 4,001 460 500 500 500 24,319 279,095 |
Resources Movement expended in funds £ £ (263,536) (8,760) (5,074) (5,074) (268,610) (13,834) (76) (76) (102) (102) (403) (403) (374) 1,626 (18,158) (5,508) (2,856) (856) (810) (810) (327) 1,381 (733) 3,268 - 460 - 500 - 500 - 500 (23,839) 480 (292,449) (13,354) |
|---|---|---|
Restricted Income Funds
These comprise funds designated for specific purposes as highlighted above.
Unrestricted Income Funds
General Fund
The general unrestricted fund represents free funds of the charity which can be applied at the discretion of the trustees.
Designated General Use Fund
The designated General Use Fund represents funds from Lancashire County Council that the trustees have put aside from general funds to aid the day to day running costs.
Designated Sinking Fund
The designated Sinking Fund represents funds from Lancashire County Council that the trustees have put aside from general funds to aid cash flow in the first year.
continued...
Page 13
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
12. Other financial commitments
The building and swimming pool are on a 125 year lease from Lancashire County Council with an annual peppercorn rent.
13. Related party disclosures
There were no related party transactions for the year ended 31 December 2020.
Page 14
Carnforth Community Swimming Pool Ltd
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| Income and endowments Donations and legacies Donations Gift aid Grants Other trading activities School swimming Group swimming Public swimming Investment income Deposit account interest Other income Business support grant Job retention scheme grant Total incoming resources Expenditure Charitable activities Wages Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries Hire of plant and machinery Coach hire Repairs and renewals Water treatment Maintenance Training Goods for resale Lifeguards and instructors Training Computer costs Carried forward |
2020 £ 3,564 1,031 3,960 8,555 38,941 2,767 36,927 78,635 - 25,000 12,001 37,001 124,191 42,196 1,864 5,707 5,697 14,239 592 278 380 317 - 10,740 6,263 1,882 873 1,031 400 24,475 798 370 118,102 |
2019 £ 2,259 - 19,650 |
|---|---|---|
| 21,909 46,176 12,874 73,680 |
||
| 132,730 265 - - |
||
| - | ||
| 154,904 38,071 881 3,277 6,679 23,917 431 298 725 1,221 162 12,880 28,838 - 6,146 - 1,935 42,186 154 188 167,989 |
This page does not form part of the statutory financial statements
Page 15
Carnforth Community Swimming Pool Ltd
| Detailed Statement of Financial Activities for the Year Ended 31 December 2020 Charitable activities Brought forward Cleaning and waste disposal Depreciation of tangible fixed assets Support costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
2020 £ 118,102 909 1,112 120,123 31 1,000 121,154 3,037 |
2019 £ 167,989 32 1,308 169,329 966 1,000 171,295 (16,391) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 16
REGISTERED COMPANY NUMBER: 10971332 (England and Wales) REGISTERED CHARITY NUMBER: 1176769
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2020
for
Carnforth Community Swimming Pool Ltd
RfM F�lde Limited Summerdale Head D�ke Lane Pilling Preston Lancashire PR3 6SJ
Carnforth Community Swimming Pool Ltd
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 14 |
Carnforth Community Swimming Pool Ltd (Registered number: 10971332)
Report of the Trustees for the Year Ended 31 December 2020
The trustees �ho are also directors of the charit�for the purposes of the Companies Act 2006, present their report �ith the financial statements of the charit�for the �ear ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting b�Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance �ith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 Januar� 2019).
Objectives and activities
Objectives and aims
To operate the Carnforth Communit�S�imming Pool for the benefit of all members of the public to include in particular, promoting the leisure, health and safet�benefits of s�imming for all ages, and especiall�teaching �oung persons to s�im.
Achievement and Performance
A difficult �ear due to Covid �ith Pool closure March to August 2020 and introduction of the furlough arrangements. Re-opening then �ith Covid precautions of reduced numbers, sanitising bet�een sessions and e�ternal doors open to provide added ventilation. The Pool has ho�ever been ver�popular and utilised to its temporaril�limited capacit� b� the general public, groups and schools, hence objectives �ere achieved �hen the doors �ere open.
Page 1
Carnforth Community Swimming Pool Ltd (Registered number: 10971332)
Report of the Trustees for the Year Ended 31 December 2020
Financial review
S�imming activit�revenue �as reduced from a more normal �130,000 to �79,000 compensated b�grants, donations to cover the reduced �age and utililit�costs etc. Advantage �as also taken of breaks to revie�prices, resulting in a general inflation increase, along �ith regularising the inherited school lesson charges.
For the �ear ended 31 December 2020:
Income and Expenditure
In terms of income:
-
Donations of �3,564 �ere received from Friends of Carnforth Pool.
-
Gift aid of �1,031 �as received.
-
Grants totalled �3,960 and comprise monies from restricted funds and unrestricted funds as sho�n in note 12.
-
S�imming activities generated income of �78,634.
-
Additional grants related to coronavirus support total �37,001 and made up of �25,000 business support grant and
-
�12,001 job retention scheme grant.
Total incoming resources �as �124,190.
The e�penditure figures comprise:
-
The main e�pense is Wages (�42,196) and Lifeguards and instructors (�24,475) totalling �66,671.
-
Coach hire of �10,740 covers the cost of transporting school children to and from the pool.
-
Cost of refurbishment and repairs �ere �6,263.
The total resources e�pended �as �121,154.
Total resources e�pended e�ceeded incoming resources b��3,036, Of this �498 represented net e�penditure from restricted grant funding such that there is a deficit for the �ear on normal charit� operations of �74.
Balance Sheet
As detailed above �ith resources e�pended e�ceeding incoming resources b��3,036 the carried for�ard reserves amount to �38,791. See note 12.
During the �ear a number of the Restricted Funds �ere utilised in line �ith the grant terms and conditions resulting in the funds being transferred to the Unrestricted General Fund, see note 12.
Bank balances totalled �30,495.
The reserves are managed to fulfil the objectives of the Charit�.
The trustees consider this to be a health� financial position.
Structure, governance and management
Governing document
The charit�is controlled b�its governing document, a deed of trust, and constitutes a limited compan�, limited b� guarantee, as defined b� the Companies Act 2006.
Reference and administrative details
Registered Company number
10971332 (England and Wales)
Registered Charity number
1176769
Page 2
Carnforth Community Swimming Pool Ltd (Registered number: 10971332)
Report of the Trustees for the Year Ended 31 December 2020
Registered office
Carnforth Communit� S�imming Pool Kellet Road Carnforth Lancaster Lancashire LA5 9LS
Trustees
Mr M H Dudfield (resigned 31/7/2020) Mrs F Wood (resigned 13/6/2020) Mr J Blo�es Mrs E J Paul (appointed 14/7/2020) Mr L D La� (appointed 14/7/2020) Mr J M Grisenth�aite (appointed 14/7/2020) Approved b� order of the board of trustees on 29 Jul� 2021 and signed on its behalf b�:
Mr J Blo�es - Trustee
Page 3
Carnforth Community Swimming Pool Ltd
Statement of Financial Activities for the Year Ended 31 December 2020
| Unrestricted funds Notes � Income and endowments from Donations and legacies 5,594 Other trading activities 2 78,635 Investment income 3 - Other income 37,001 Total 121,230 Expenditure on Charitable activities Charitable 120,058 NET INCOME/(EXPENDITURE) 1,172 Transfers between funds 11 7,632 Net movement in funds 8,804 Reconciliation of funds Total funds brought forward 27,837 Total funds carried forward 36,641 |
Restricted funds � 2,961 - - - 2,961 1,096 1,865 (7,632) (5,767) 7,917 2,150 |
2020 Total funds � 8,555 78,635 - 37,001 124,191 121,154 3,037 - 3,037 35,754 38,791 |
2019 Total funds � 21,909 132,730 265 - 154,904 171,295 (16,391) - (16,391) 52,145 35,754 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Carnforth Community Swimming Pool Ltd (Registered number: 10971332)
Balance Sheet 31 December 2020
| Unrestricted Restricted funds funds Notes � � Fixed assets Tangible assets 8 6,300 - Current assets Debtors 9 4,674 - Cash at bank and in hand 28,345 2,150 33,019 2,150 Creditors Amounts falling due �ithin one �ear 10 (2,678) - Net current assets 30,341 2,150 Total assets less current liabilities 36,641 2,150 NET ASSETS 36,641 2,150 Funds 11 Unrestricted funds Restricted funds Total funds |
2020 Total funds � 6,300 4,674 30,495 35,169 (2,678) 32,491 38,791 38,791 36,641 2,150 38,791 |
2019 Total funds � 7,412 9,305 23,966 33,271 (4,929) 28,342 35,754 35,754 27,837 7,917 35,754 |
|---|---|---|
The charitable compan�is entitled to e�emption from audit under Section 477 of the Companies Act 2006 for the �ear ended 31 December 2020.
The members have not required the compan�to obtain an audit of its financial statements for the �ear ended 31 December 2020 in accordance �ith Section 476 of the Companies Act 2006.
The trustees ackno�ledge their responsibilities for
-
(a) ensuring that the charitable compan�keeps accounting records that compl��ith Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements �hich give a true and fair vie�of the state of affairs of the charitable compan� as at the end of each financial �ear and of its surplus or deficit for each financial �ear in accordance �ith the requirements of Sections 394 and 395 and �hich other�ise compl��ith the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable compan�.
These financial statements have been prepared in accordance �ith the provisions applicable to charitable companies subject to the small companies regime.
The financial statements �ere approved b�the Board of Trustees and authorised for issue on 29 Jul�2021 and �ere signed on its behalf b�:
Mr J Blo�es - Trustee
The notes form part of these financial statements
Page 5
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements for the Year Ended 31 December 2020
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charitable compan�, �hich is a public benefit entit�under FRS 102, have been prepared in accordance �ith the Charities SORP (FRS 102) 'Accounting and Reporting b�Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance �ith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 Januar� 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 charit�has entitlement to the funds, it is probable that the income �ill be received and the amount can be measured reliabl�.
Expenditure
Liabilities are recognised as e�penditure as soon as there is a legal or constructive obligation committing the charit�to that e�penditure, it is probable that a transfer of economic benefits �ill be required in settlement and the amount of the obligation can be measured reliabl�. E�penditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the categor�. Where costs cannot be directl� attributed to particular headings the�have been allocated to activities on a basis consistent �ith the use of resources.
Tangible fixed assets
Depreciation is provided at the follo�ing annual rates in order to �rite off each asset over its estimated useful life.
Plant and machiner� - 25% on reducing balance
Taxation
The charit� is e�empt from corporation ta� on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance �ith the charitable objectives at the discretion of the trustees.
Restricted funds can onl�be used for particular restricted purposes �ithin the objects of the charit�. Restrictions arise �hen specified b� the donor or �hen funds are raised for particular restricted purposes.
Further e�planation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable compan�operates a defined contribution pension scheme. Contributions pa�able to the charitable compan�'s pension scheme are charged to the Statement of Financial Activities in the period to �hich the� relate.
2. Other trading activities
| School s�imming Group s�imming Public s�imming |
2020 � 38,941 2,767 36,927 78,635 |
2019 � 46,176 12,874 73,680 132,730 |
|---|---|---|
continued...
Page 6
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
3. Investment income
4.
| Investment income | ||
|---|---|---|
| 2020 | 2019 | |
| � | � | |
| Deposit account interest | - 265 |
|
| Net income/(expenditure) Net income/(e�penditure) is stated after charging/(crediting): Depreciation - o�ned assets |
2020 2019 � � 1,112 1,308 |
5. Trustees' remuneration and benefits
There �ere no trustees' remuneration or other benefits for the �ear ended 31 December 2020 nor for the �ear ended 31 December 2019.
Trustees' expenses
There �ere no trustees' e�penses paid for the �ear ended 31 December 2020 nor for the �ear ended 31 December 2019.
6. Staff costs
The average monthl� number of emplo�ees during the �ear �as as follo�s:
7.
| Full and part time No emplo�ees received emoluments in e�cess of �60,000. Comparatives for the statement of financial activities Unrestricted funds � Income and endowments from Donations and legacies 549 Other trading activities 132,732 Investment income 265 Total 133,546 Expenditure on Charitable activities Charitable 148,552 NET INCOME/(EXPENDITURE) (15,006) Transfers between funds 11,884 Net movement in funds (3,122) |
2020 3 Restricted funds � 21,360 (2) - 21,358 22,743 (1,385) (11,884) (13,269) |
2019 3 Total funds � 21,909 132,730 265 154,904 171,295 (16,391) - (16,391) |
|---|---|---|
continued...
Page 7
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 7. Comparatives for the statement of financial activities - continued Unrestricted funds � Reconciliation of funds Total funds brought forward 30,959 Total funds carried forward 27,837 8. Tangible fixed assets Cost At 1 Januar� 2020 and 31 December 2020 Depreciation At 1 Januar� 2020 Charge for �ear At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019 9. Debtors: amounts falling due within one year Trade debtors Other debtors Prepa�ments |
Restricted Total funds funds � � 21,186 52,145 7,917 35,754 Plant and machiner� � 9,179 1,767 1,112 2,879 6,300 7,412 2020 2019 � � - 7,044 225 1,843 4,449 418 4,674 9,305 |
|---|---|
continued...
Page 8
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
10. Creditors: amounts falling due within one year
| Trade creditors Social securit� and other ta�es Accrued e�penses |
2020 � - 1,677 1,001 2,678 |
2019 � 3,929 - 1,000 4,929 |
|---|---|---|
11. Movement in funds
| At 1/1/20 � Unrestricted funds General fund 12,092 Sinking fund 15,745 27,837 Restricted funds Training �oung lifeguards 1,160 Assistance for marketing and revenue 2,552 T�eens S�im Club re: anti social behaviour 842 Galbraith T�o for materials, upgrading and marketing 374 Tesco Grant 2,989 Junior S�ims - Adult - Pilot Project - Adult - Follo� On - Senior Adults - 7,917 TOTAL FUNDS 35,754 Net movement in funds, included in the above are as follo�s: Unrestricted funds General fund Restricted funds Galbraith T�o for materials, upgrading and marketing Tesco Grant Junior S�ims Adult - Pilot Project Adult - Follo� On Senior Adults TOTAL FUNDS |
Net movement in funds � 1,172 - 1,172 - - - (374) 279 460 500 500 500 1,865 3,037 Incoming resources � 121,230 - 1,001 460 500 500 500 2,961 124,191 |
Transfers bet�een At funds 31/12/20 � � (1,623) 11,641 9,255 25,000 7,632 36,641 (1,160) - (2,362) 190 (842) - - - (3,268) - - 460 - 500 - 500 - 500 (7,632) 2,150 - 38,791 Resources Movemen e�pended in funds � � (120,058) 1,172 (374) (374) (722) 279 - 460 - 500 - 500 - 500 (1,096) 1,865 (121,154) 3,037 |
|---|---|---|
continued...
Page 9
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
11. Movement in funds - continued
Comparatives for movement in funds
| Net | Transfers | |||
|---|---|---|---|---|
| movement | bet�een | At | ||
| At 1/1/19 | in funds | funds | 31/12/19 | |
| � | � | � | � | |
| Unrestricted funds | ||||
| General fund | 11,012 | (9,932) | 11,012 | 12,092 |
| General use fund | 4,302 | (5,074) | 772 | - |
| Sinking fund | 15,645 | - | 100 | 15,745 |
| Restricted funds | 30,959 | (15,006) | 11,884 | 27,837 |
| Training �oung lifeguards | 2,811 | - | (1,651) | 1,160 |
| Promotion and materials | 134 | (76) | (58) | - |
| 1st stage upgrading, uniforms and publicit� | 79 | (102) | 23 | - |
| Lifeguard training equipment | 227 | (403) | 176 | - |
| Assistance for marketing and revenue | 1,000 | 1,626 | (74) | 2,552 |
| Associated activit� of Nordic Pole �alking | 500 | - | (500) | - |
| S�im vouchers, over 60s and less fortunate | 4,250 | - | (4,250) | - |
| T�eens S�im Club re: anti social | ||||
| behaviour | 1,470 | - | (628) | 842 |
| Match Funding - Friends and Other Grants | - | (5,508) | 5,508 | - |
| Galbraith T�o for materials, upgrading and | ||||
| marketing | 4,216 | (482) | (3,360) | 374 |
| Vera Wolstencroft Fund | 5,000 | (810) | (4,190) | - |
| Friends of Carnforth Pool | 1,499 | 1,381 | (2,880) | - |
| Tesco Grant | - | 2,989 | - | 2,989 |
| 21,186 | (1,385) | (11,884) | 7,917 | |
| TOTAL FUNDS | 52,145 | (16,391) | - | 35,754 |
continued...
Page 10
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
11. Movement in funds - continued
Comparative net movement in funds, included in the above are as follo�s:
| Unrestricted funds General fund General use fund Restricted funds Promotion and materials 1st stage upgrading, uniforms and publicit� Lifeguard training equipment Assistance for marketing and revenue Match Funding - Friends and Other Grants Galbraith T�o for materials, upgrading and marketing Vera Wolstencroft Fund Friends of Carnforth Pool Tesco Grant TOTAL FUNDS |
Incoming resources � 133,546 - 133,546 - - - 2,000 12,650 2,000 - 1,708 3,000 21,358 154,904 |
Resources Movement e�pended in funds � � (143,478) (9,932) (5,074) (5,074) (148,552) (15,006) (76) (76) (102) (102) (403) (403) (374) 1,626 (18,158) (5,508) (2,482) (482) (810) (810) (327) 1,381 (11) 2,989 (22,743) (1,385) (171,295) (16,391) |
|---|---|---|
continued...
Page 11
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
11. Movement in funds - continued
A current �ear 12 months and prior �ear 12 months combined position is as follo�s:
| Net | Transfers | |||
|---|---|---|---|---|
| movement | bet�een | At | ||
| At 1/1/19 | in funds | funds | 31/12/20 | |
| � | � | � | � | |
| Unrestricted funds | ||||
| General fund | 11,012 | (8,760) | 9,389 | 11,641 |
| General use fund | 4,302 | (5,074) | 772 | - |
| Sinking fund | 15,645 | - | 9,355 | 25,000 |
| Restricted funds | 30,959 | (13,834) | 19,516 | 36,641 |
| Training �oung lifeguards | 2,811 | - | (2,811) | - |
| Promotion and materials | 134 | (76) | (58) | - |
| 1st stage upgrading, uniforms and publicit� | 79 | (102) | 23 | - |
| Lifeguard training equipment | 227 | (403) | 176 | - |
| Assistance for marketing and revenue | 1,000 | 1,626 | (2,436) | 190 |
| Associated activit� of Nordic Pole �alking | 500 | - | (500) | - |
| S�im vouchers, over 60s and less fortunate | 4,250 | - | (4,250) | - |
| T�eens S�im Club re: anti social | ||||
| behaviour | 1,470 | - | (1,470) | - |
| Match Funding - Friends and Other Grants | - | (5,508) | 5,508 | - |
| Galbraith T�o for materials, upgrading and | ||||
| marketing | 4,216 | (856) | (3,360) | - |
| Vera Wolstencroft Fund | 5,000 | (810) | (4,190) | - |
| Friends of Carnforth Pool | 1,499 | 1,381 | (2,880) | - |
| Tesco Grant | - | 3,268 | (3,268) | - |
| Junior S�ims | - | 460 | - | 460 |
| Adult - Pilot Project | - | 500 | - | 500 |
| Adult - Follo� On | - | 500 | - | 500 |
| Senior Adults | - | 500 | - | 500 |
| 21,186 | 480 | (19,516) | 2,150 | |
| TOTAL FUNDS | 52,145 | (13,354) | - | 38,791 |
continued...
Page 12
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
11. Movement in funds - continued
A current �ear 12 months and prior �ear 12 months combined net movement in funds, included in the above are as follo�s:
| Unrestricted funds General fund General use fund Restricted funds Promotion and materials 1st stage upgrading, uniforms and publicit� Lifeguard training equipment Assistance for marketing and revenue Match Funding - Friends and Other Grants Galbraith T�o for materials, upgrading and marketing Vera Wolstencroft Fund Friends of Carnforth Pool Tesco Grant Junior S�ims Adult - Pilot Project Adult - Follo� On Senior Adults TOTAL FUNDS |
Incoming resources � 254,776 - 254,776 - - - 2,000 12,650 2,000 - 1,708 4,001 460 500 500 500 24,319 279,095 |
Resources Movement e�pended in funds � � (263,536) (8,760) (5,074) (5,074) (268,610) (13,834) (76) (76) (102) (102) (403) (403) (374) 1,626 (18,158) (5,508) (2,856) (856) (810) (810) (327) 1,381 (733) 3,268 - 460 - 500 - 500 - 500 (23,839) 480 (292,449) (13,354) |
|---|---|---|
Restricted Income Funds
These comprise funds designated for specific purposes as highlighted above.
Unrestricted Income Funds
General Fund
The general unrestricted fund represents free funds of the charit��hich can be applied at the discretion of the trustees.
Designated General Use Fund
The designated General Use Fund represents funds from Lancashire Count�Council that the trustees have put aside from general funds to aid the da� to da� running costs.
Designated Sinking Fund
The designated Sinking Fund represents funds from Lancashire Count�Council that the trustees have put aside from general funds to aid cash flo� in the first �ear.
continued...
Page 13
Carnforth Community Swimming Pool Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
12. Other financial commitments
The building and s�imming pool are on a 125 �ear lease from Lancashire Count�Council �ith an annual peppercorn rent.
13. Related party disclosures
There �ere no related part� transactions for the �ear ended 31 December 2020.
Page 14