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 2021
FOR
CARNFORTH COMMUNITY SWIMMING POOL LTD
RfM Fylde Limited Summerdale Head Dyke Lane Pilling Lancashire PR3 6SJ
CARNFORTH COMMUNITY SWIMMING POOL LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 12 |
CARNFORTH COMMUNITY SWIMMING POOL LTD (REGISTERED NUMBER: 10971332)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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
Pool utilisation was good outside of the Covid lockdown 17 January to 12 April 2021, with financial assistance from Government backed Covid related grants of particular benefit. The number of schools and PTAs taking lessons settled to 25 and with opening hours increased to 06:30 to 21:30 most days, utilisation by the general public and groups was pleasing. These achievements are with thanks to the pool staff who take lead in organising and implementing the numerous activities.
Page 1
CARNFORTH COMMUNITY SWIMMING POOL LTD (REGISTERED NUMBER: 10971332)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
FINANCIAL REVIEW
Swimming activity revenue increased after its COVID hit year to £161,541 from £78,635, whilst still being compensated by donations to cover the wage and utility costs etc. Advantage was also taken of breaks to review prices, resulting in a general inflation increase, along with regularizing the inherited school lesson charges which has led to an increase in income over the usual figure prior to COVID.
For the year ended 31 December 2021:
Income and Expenditure
In terms of income:
-
Donations of £3,110 were received from Friends of Carnforth Pool.
-
Gift aid of £1,205 was received.
-
Swimming activities generated income of £161,541.
-
Additional grants related to coronavirus support total £38,726 and made up of £30,100 business support grant and £8,626 job retention scheme grant.
Total incoming resources was £204,731.
The expenditure figures comprise:
-
The main expense is Wages (£50,857) and Lifeguards and instructors (£43,820) totalling (£94,677).
-
Coach hire of £18,210 covers the cost of transporting school children to and from the pool.
-
Cost of refurbishment and repairs were £12,641.
The total resources expended was £174,747.
Total incoming resources exceeded resources expended by £29,984.
Balance Sheet
As detailed above with incoming resources exceeding resources expended by £29,984 the carried forward reserves amount to £68,775. 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 £64,993.
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 (REGISTERED NUMBER: 10971332)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
Registered office
Carnforth Community Swimming Pool Kellet Road Carnforth Lancaster Lancashire LA5 9LS
Trustees
Mr J Blowes MBE Mrs E J Paul Mr L D Law Mr J M Grisenthwaite
Approved by order of the board of trustees on 12 September 2022 and signed on its behalf by:
Mr J Blowes MBE - Trustee
Page 3
CARNFORTH COMMUNITY SWIMMING POOL LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,315 Other trading activities 2 161,541 Investment income 3 149 Other income 38,726 Total 204,731 EXPENDITURE ON Charitable activities Charitable 174,747 NET INCOME 29,984 Transfers between funds 11 1,960 Net movement in funds 31,944 RECONCILIATION OF FUNDS Total funds brought forward 36,641 TOTAL FUNDS CARRIED FORWARD 68,585 |
Restricted funds £ - - - - - - - (1,960) (1,960) 2,150 190 |
2021 Total funds £ 4,315 161,541 149 38,726 204,731 174,747 29,984 - 29,984 38,791 68,775 |
2020 Total funds £ 8,555 78,635 - 37,001 |
|---|---|---|---|
| 124,191 | |||
| 121,154 3,037 - |
|||
| 3,037 35,754 |
|||
| 38,791 |
The notes form part of these financial statements
Page 4
CARNFORTH COMMUNITY SWIMMING POOL LTD (REGISTERED NUMBER: 10971332)
BALANCE SHEET 31 DECEMBER 2021
| Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Tangible assets 8 7,570 - CURRENT ASSETS Debtors 9 1,371 - Cash at bank and in hand 64,803 190 66,174 190 CREDITORS Amounts falling due within one year 10 (5,159) - NET CURRENT ASSETS 61,015 190 TOTAL ASSETS LESS CURRENT LIABILITIES 68,585 190 NET ASSETS 68,585 190 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 Total funds £ 7,570 1,371 64,993 66,364 (5,159) 61,205 68,775 68,775 68,585 190 68,775 |
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 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 12 September 2022 and were signed on its behalf by:
Mr J Blowes MBE - 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 2021
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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.
Page 6
continued...
CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
2. OTHER TRADING ACTIVITIES
| School swimming Group swimming Public swimming INVESTMENT INCOME Deposit account interest NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2021 £ 76,058 4,917 80,566 161,541 2021 £ 149 2021 £ 1,336 |
2020 £ 38,941 2,767 36,927 |
2020 £ 38,941 2,767 36,927 |
|---|---|---|---|
| 78,635 | |||
| 2020 £ - |
|||
| 2020 £ 1,112 |
3. INVESTMENT INCOME
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 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 5,594 Other trading activities 78,635 Other income 37,001 Total 121,230 |
2021 3 Restricted funds £ 2,961 - - 2,961 |
2020 3 Total funds £ 8,555 78,635 37,001 |
|---|---|---|
| 124,191 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
EXPENDITURE ON
Page 7
continued...
CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| £ | £ | £ | |||
| Charitable activities | |||||
| Charitable | 120,058 | 1,096 | 121,154 | ||
| NET INCOME | 1,172 | 1,865 | 3,037 | ||
| Transfers between funds | 7,632 | (7,632) | - | ||
| Net movement in funds | 8,804 | (5,767) | 3,037 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 27,837 | 7,917 | 35,754 | ||
| TOTAL FUNDS CARRIED FORWARD | 36,641 | 2,150 | 38,791 | ||
| 8. | TANGIBLE FIXED ASSETS | ||||
| Plant and | |||||
| machinery | |||||
| £ | |||||
| COST | |||||
| At 1 January 2021 | 9,179 | ||||
| Additions | 2,606 | ||||
| At 31 December 2021 | 11,785 | ||||
| DEPRECIATION | |||||
| At 1 January 2021 | 2,879 | ||||
| Charge for year | 1,336 | ||||
| At 31 December 2021 | 4,215 | ||||
| NET BOOK VALUE | |||||
| At 31 December 2021 | 7,570 | ||||
| At 31 December 2020 | 6,300 | ||||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Other debtors | - | 225 | |||
| Prepayments | 1,371 | 4,449 | |||
| 1,371 | 4,674 |
Page 8
continued...
CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Social security and other taxes Accrued expenses |
2021 £ (1,782) 6,941 5,159 |
2020 £ 1,677 1,001 |
| 2,678 |
11. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | At | |||
| At 1/1/21 | in funds | funds | 31/12/21 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 11,641 | 29,984 | 1,960 | 43,585 | |
| Sinking fund | 25,000 | - | - | 25,000 | |
| 36,641 | 29,984 | 1,960 | 68,585 | ||
| Restricted funds | |||||
| Assistance for marketing and revenue | 190 | - | - | 190 | |
| Junior Swims | 460 | - | (460) | - | |
| Adult - Pilot Project | 500 | - | (500) | - | |
| Adult - Follow On | 500 | - | (500) | - | |
| Senior Adults | 500 | - | (500) | - | |
| 2,150 | - | (1,960) | 190 | ||
| TOTAL FUNDS | 38,791 | 29,984 | - | 68,775 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 204,731 204,731 |
Resources Movement expended in funds £ £ (174,747) 29,984 (174,747) 29,984 |
|---|---|---|
Page 9
continued...
CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
11. MOVEMENT IN FUNDS - continued
Comparatives for 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 |
| Comparative net movement in funds, included | in the above | are as follows: |
| 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 |
|---|---|---|
Page 10
continued...
CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
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 1/1/20 | in funds | funds | 31/12/21 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 12,092 | 31,156 | 337 | 43,585 |
| Sinking fund | 15,745 | - | 9,255 | 25,000 |
| 27,837 | 31,156 | 9,592 | 68,585 | |
| 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 | (9,592) | 190 | |
| TOTAL FUNDS | 35,754 | 33,021 | - | 68,775 |
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 Galbraith Two for materials, upgrading and marketing Tesco Grant Junior Swims Adult - Pilot Project Adult - Follow On Senior Adults TOTAL FUNDS |
Incoming resources £ 325,961 - 1,001 460 500 500 500 2,961 328,922 |
Resources Movement expended in funds £ £ (294,805) 31,156 (374) (374) (722) 279 - 460 - 500 - 500 - 500 (1,096) 1,865 (295,901) 33,021 |
|---|---|---|
Restricted Income Funds
These comprise funds designated for specific purposes as highlighted above.
Unrestricted Income Funds
Page 11
continued...
CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
11. MOVEMENT IN FUNDS - continued
General Fund
The general unrestricted fund represents free funds of the charity which can be applied at the discretion of the trustees.
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.
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 2021.
Page 12
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 2021
FOR
CARNFORTH COMMUNITY SWIMMING POOL LTD
RfM Fylde Limited Summerdale Head Dyke Lane Pilling Lancashire PR3 6SJ
CARNFORTH COMMUNITY SWIMMING POOL LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 13 |
| Detailed Statement of Financial Activities | 14 to 15 |
CARNFORTH COMMUNITY SWIMMING POOL LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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
Pool utilisation was good outside of the Covid lockdown 17 January to 12 April 2021, with financial assistance from Government backed Covid related grants of particular benefit. The number of schools and PTAs taking lessons settled to 25 and with opening hours increased to 06:30 to 21:30 most days, utilisation by the general public and groups was pleasing. These achievements are with thanks to the pool staff who take lead in organising and implementing the numerous activities.
Page 1
CARNFORTH COMMUNITY SWIMMING POOL LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
FINANCIAL REVIEW
Swimming activity revenue increased after its COVID hit year to £161,541 from £78,635, whilst still being compensated by donations to cover the wage and utility costs etc. Advantage was also taken of breaks to review prices, resulting in a general inflation increase, along with regularizing the inherited school lesson charges which has led to an increase in income over the usual figure prior to COVID.
For the year ended 31 December 2021:
Income and Expenditure
In terms of income:
-
Donations of £3,110 were received from Friends of Carnforth Pool.
-
Gift aid of £1,205 was received.
-
Swimming activities generated income of £161,541.
-
Additional grants related to coronavirus support total £38,726 and made up of £30,100 business support grant and £8,626 job retention scheme grant.
Total incoming resources was £204,731.
The expenditure figures comprise:
-
The main expense is Wages (£50,857) and Lifeguards and instructors (£43,820) totalling (£94,677).
-
Coach hire of £18,210 covers the cost of transporting school children to and from the pool.
-
Cost of refurbishment and repairs were £12,641.
The total resources expended was £174,747.
Total incoming resources exceeded resources expended by £29,984.
Balance Sheet
As detailed above with incoming resources exceeding resources expended by £29,984 the carried forward reserves amount to £68,775. 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 £64,993.
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 2021
Registered office
Carnforth Community Swimming Pool Kellet Road Carnforth Lancaster Lancashire LA5 9LS
Trustees
Mr J Blowes MBE Mrs E J Paul Mr L D Law Mr J M Grisenthwaite Approved by order of the board of trustees on 12 September 2022 and signed on its behalf by:
Mr J Blowes MBE - Trustee
Page 3
CARNFORTH COMMUNITY SWIMMING POOL LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,315 Other trading activities 2 161,541 Investment income 3 149 Other income 38,726 Total 204,731 EXPENDITURE ON Charitable activities Charitable 174,747 NET INCOME 29,984 Transfers between funds 11 1,960 Net movement in funds 31,944 RECONCILIATION OF FUNDS Total funds brought forward 36,641 TOTAL FUNDS CARRIED FORWARD 68,585 |
Restricted funds £ - - - - - - - (1,960) (1,960) 2,150 190 |
2021 Total funds £ 4,315 161,541 149 38,726 204,731 174,747 29,984 - 29,984 38,791 68,775 |
2020 Total funds £ 8,555 78,635 - 37,001 |
|---|---|---|---|
| 124,191 | |||
| 121,154 3,037 - |
|||
| 3,037 35,754 |
|||
| 38,791 |
The notes form part of these financial statements
Page 4
CARNFORTH COMMUNITY SWIMMING POOL LTD
BALANCE SHEET 31 DECEMBER 2021
| Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Tangible assets 8 7,570 - CURRENT ASSETS Debtors 9 1,371 - Cash at bank and in hand 64,803 190 66,174 190 CREDITORS Amounts falling due within one year 10 (5,159) - NET CURRENT ASSETS 61,015 190 TOTAL ASSETS LESS CURRENT LIABILITIES 68,585 190 NET ASSETS 68,585 190 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 Total funds £ 7,570 1,371 64,993 66,364 (5,159) 61,205 68,775 68,775 68,585 190 68,775 |
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 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.
The notes form part of these financial statements
Page 5
continued...
CARNFORTH COMMUNITY SWIMMING POOL LTD
BALANCE SHEET - continued 31 DECEMBER 2021
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 12 September 2022 and were signed on its behalf by:
Mr J Blowes MBE - Trustee
The notes form part of these financial statements
Page 6
CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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.
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CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
2. OTHER TRADING ACTIVITIES
| School swimming Group swimming Public swimming 3. INVESTMENT INCOME Deposit account interest 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2021 £ 76,058 4,917 80,566 161,541 2021 £ 149 2021 £ 1,336 |
2020 £ 38,941 2,767 36,927 |
2020 £ 38,941 2,767 36,927 |
|---|---|---|---|
| 78,635 | |||
| 2020 £ - |
|||
| 2020 £ 1,112 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2021 | 2020 | |
|---|---|---|
| Full and part time | 3 | 3 |
No employees received emoluments in excess of £60,000.
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CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 5,594 Other trading activities 78,635 Other income 37,001 Total 121,230 EXPENDITURE ON Charitable activities Charitable 120,058 NET INCOME 1,172 Transfers between funds 7,632 Net movement in funds 8,804 RECONCILIATION OF FUNDS Total funds brought forward 27,837 TOTAL FUNDS CARRIED FORWARD 36,641 8. TANGIBLE FIXED ASSETS COST At 1 January 2021 Additions At 31 December 2021 DEPRECIATION At 1 January 2021 Charge for year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Restricted Total funds funds £ £ 2,961 8,555 - 78,635 - 37,001 2,961 124,191 1,096 121,154 1,865 3,037 (7,632) - (5,767) 3,037 7,917 35,754 2,150 38,791 Plant and machinery £ 9,179 2,606 11,785 2,879 1,336 4,215 7,570 6,300 |
|---|---|
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CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Accrued expenses 11. MOVEMENT IN FUNDS Net movement At 1/1/21 in funds £ £ Unrestricted funds General fund 11,641 29,984 Sinking fund 25,000 - 36,641 29,984 Restricted funds Assistance for marketing and revenue 190 - Junior Swims 460 - Adult - Pilot Project 500 - Adult - Follow On 500 - Senior Adults 500 - 2,150 - TOTAL FUNDS 38,791 29,984 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 204,731 TOTAL FUNDS 204,731 |
2021 2020 £ £ - 225 1,371 4,449 1,371 4,674 2021 2020 £ £ (1,782) 1,677 6,941 1,001 5,159 2,678 Transfers between At funds 31/12/21 £ £ 1,960 43,585 - 25,000 1,960 68,585 - 190 (460) - (500) - (500) - (500) - (1,960) 190 - 68,775 Resources Movement expended in funds £ £ (174,747) 29,984 (174,747) 29,984 |
|---|---|
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CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
11. MOVEMENT IN FUNDS - continued
Comparatives for 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 |
| Comparative net movement in funds, included | in the above | are as follows: |
| 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 |
|---|---|---|
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CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
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 1/1/20 | in funds | funds | 31/12/21 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 12,092 | 31,156 | 337 | 43,585 |
| Sinking fund | 15,745 | - | 9,255 | 25,000 |
| 27,837 | 31,156 | 9,592 | 68,585 | |
| 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 | (9,592) | 190 | |
| TOTAL FUNDS | 35,754 | 33,021 | - | 68,775 |
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 Galbraith Two for materials, upgrading and marketing Tesco Grant Junior Swims Adult - Pilot Project Adult - Follow On Senior Adults TOTAL FUNDS |
Incoming resources £ 325,961 - 1,001 460 500 500 500 2,961 328,922 |
Resources Movement expended in funds £ £ (294,805) 31,156 (374) (374) (722) 279 - 460 - 500 - 500 - 500 (1,096) 1,865 (295,901) 33,021 |
|---|---|---|
Restricted Income Funds
These comprise funds designated for specific purposes as highlighted above.
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CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
11. MOVEMENT IN FUNDS - continued
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 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.
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 2021.
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CARNFORTH COMMUNITY SWIMMING POOL LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 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 Coach hire Repairs and renewals Water treatment Maintenance Training Uniforms Goods for resale Lifeguards and instructors Training Carried forward |
2021 £ 3,110 1,205 - 4,315 76,058 4,917 80,566 161,541 149 30,100 8,626 38,726 204,731 50,857 675 8,818 7,166 22,408 408 290 434 719 18,210 12,641 949 989 - 455 1,756 43,820 744 171,339 |
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 24,475 798 117,732 |
This page does not form part of the statutory financial statements
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CARNFORTH COMMUNITY SWIMMING POOL LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 |
||
|---|---|---|
| Charitable activities Brought forward Computer costs Cleaning and waste disposal Plant and machinery Support costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net income |
2021 £ 171,339 450 575 1,336 173,700 47 1,000 174,747 29,984 |
2020 £ 117,732 370 909 1,112 |
| 120,123 31 1,000 |
||
| 121,154 | ||
| 3,037 |
This page does not form part of the statutory financial statements
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