**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:
1. Donations of £3,110 were received from Friends of Carnforth Pool.
2. Gift aid of £1,205 was received.
4. Swimming activities generated income of £161,541.
5. 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:
1. The main expense is Wages (£50,857) and Lifeguards and instructors (£43,820) totalling (£94,677).
2. Coach hire of £18,210 covers the cost of transporting school children to and from the pool.
3. 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:
1. Donations of £3,110 were received from Friends of Carnforth Pool.
2. Gift aid of £1,205 was received.
4. Swimming activities generated income of £161,541.
5. 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:
1. The main expense is Wages (£50,857) and Lifeguards and instructors (£43,820) totalling (£94,677).
2. Coach hire of £18,210 covers the cost of transporting school children to and from the pool.
3. 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.
Page 7
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
**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.
Page 8
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**
**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|
|---|---|
Page 9
continued...
## **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|
|---|---|
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**
## **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 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**
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.
Page 12
continued...
**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.
Page 13
## **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
Page 14
## **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
Page 15