Carnforth Community Swimming Pool Trustee Report
Year to 31st December 2022
The swimming pool has continued to provide the intended facilities seven days a week with twenty-two primary schools taking swimming and water safety lessons, and otherwise good utilisation by the general public and groups.
This has ranged from special swims for mother and baby, Aquafit, over 60’s and groups to include under water hockey.
Trustee meetings have taken place at the end of each quarter, when charity finances in particular have been reviewed. These were considered to be healthy through 2022, with “Our Money” at month ends absorbing unforeseen costs and holding at £36,300 average above the £30k sinking fund.
It was noted subject to accountant figures, that the Pool made a profit of around £8,000, which is to be used for more equipment such as floats and some essential maintenance, but in particular to go towards training new lifeguards and teachers.
Utilities costs in particular affect profitability and the electricity supplier was changed in Nov22 from BES to Northern Gas and Power for more competitive rates, and with gas locked in until 2025 at a very good fixed cost of 6.6p/kWh.
Insurance costs at £9,746 are on the increase but still considered to be reasonable, given all that it covers.
Trustee Liam Law resigned, and we are to approach Hayley Clarke, Head of the Carnforth ICC health groups as a potential replacement.
John Blowes MBE CEng Chairman, Director and Trustee
Attachments:
The RFM independent Accountant report, which serves as the 2022 “Accounts” and Examiner’s/Auditors report, whilst noting this is an “Examination rather than an Audit.
Trustees: John Blowes MBE (Chair), Emma Paul, James Grisenthwaite Kellet Road, Carnforth, Lancaster, LA5 9LS.
Charity Registration: 117669 Company Number: 10971332
REGISTERED COMPANY NUMBER: 10971332 IEngland and Wales} REGISTERED CHARITY NUMBER: 1176769 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR CARNFORTH COMMUNrrY SWIMMING POOL LTD RIM Fylde Limited Summerdale He Dyke Lane Lancashire PR3 6SJ
CARNFORTH COMMUNITY SMMMING POOL LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 DECEMBER 2022 Page Report of the Trustees 1 to 3 Statèment of Financial Actlvities Balance Sheet 5 to 6 Notes to the Financial Stslements 7 to 13
CARNFORTH COMMUNrrY SWthlMING POOL LTD (REGISTERED NUMBER: 109713321 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 Tha trustees who ar8 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 2022. The tnJslee5 have adopted the provisions of Accounting and Reporting by Charibes." Sta'.ement of Rec0nYrded Practice applicablè to charities preparing their accounts in accordance with the Finanoal Rep)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES ObJeIVeS and alms To operate the Carnforth Community Swimming Pool fu the benefft of all members of the public to include in particular, promoting the leisure. health and safety benefits of swimming for all ages, and especially leaching young persons lo swim. Achievement and Perfomiance The pool continued lo have gcod ukn"lisation and be open seven days a week. through 2022. Numerous and varied swim sessions have provided physical and mental health benefits for all ages. and hundreds of young people have Ixen laught swim. The trustees have provided support, although the lions share of planning and implementation is undertaken by much appreciated and experienced staff. Page 1
CARNFORTH COMMUNrrY SWthlMING POOL LTD (REGISTERED NUMBER: 109713321 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 FINANCIAL REVIEW Finances have continued to be stable. with infialion price increases kept to a minimum. Adv8nlage was taken of grants lo assist several swimming activ6$, as well as for upgrading plant and equipment, wilh a focus on energy saving. Gas. electricity and water charges, have of cOue increased. Gas up from £9,769 in 2021 to £18,096 and dectricAty from £12.639 in 2021 10 £32,233 A further focus has been research, followed by numercmjs grant fundiThJ apICatIOnS to construct a building extension with coffee shop doubling as a training area upstairs. and much needed storage and extra toilets downstairs. This has progrgsseé well and sufficient funds are expected to be available lo com ete. dumg 2023. For the year ended 31 December 2022: Inc<wne and Expenditure In terms of income.. 1. Donations of £2,454 were received from Friends of Carnforth Pool. 2. Gift aid of £1.480 was received. 3. Grants of £8,301 were received from the Lancashire Environmentsl Fund for investment in energy saving plant and equiptnent, and £750 Iiotn Cainforth Rolary Club to a55i51 wilh lifeguard training. 4. Swimming activitie5 generated income of £243.452. Total incoming resources was £256.649. The expenditure figures Comprise.. 1. The main expense 15 Wages1£55,8051 and Lifeguards and insiruclors1£72,1211 lolalling {£127.9261. 2. Coach hire of £30,044 covers the cost of traTrsporting sch(x)I children to ar from the pool. 3. Cost ol furbIShmernt and repairs were £2.469. The lolal resources expended was £248,725. Total incoming resources exceeded resources expended by £7.924. Balance Sheet As detailed above wlch incorning resources exceeding resourcès expended by £7.924 the carrièd forward reserves amount lo £76,699. See note 12. During the year the ReslJicted Fund vrds ublised in line wth the giant temis and conditions resulting in the funds being transferred lo the Unrestricted General Fund, see note 12. Bank balances totalled £59.472. The reserves are managed to fulfil the objectives of Ihe Chanty. The Iruslees consider this lo be a healthy finanoal tM)sition. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docume The charity is contrcdled by its governing dumen1, a deed of trusl. and constitutes a limited company, limited by guarantee, as defined by the Companies Act 21J)6. Page 2
CARNFORTH COMMUNrrY SWthlMING POOL LTD (REGISTERED NUMBER: 109713321 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 10971332 (England and Wales) RegSstered Charlty number 1176769 Registered office Carnforih Community Swimming Po Kellet Road Carnforth Lancaster Lancashire LAS 9LS Trustees Mr J Blowes MBE Chartered Engineer Mrs E J Paul Manager Mr L D Law Manager (resigned 213120221 Mr J M Grisenlhwaite Retired Approved by order of the board of trustees on 1 June 2023 and ggned on tts behalf by.. MrJ Blowes MBE- Trustee Page 3
CARNFORTH COMMUNITY SMMMING POOL LTD STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR EHDED 31 DECEMBER 2022 2022 Total funds 2021 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations arKI legaci 4.684 8.301 12.985 4.315 Other trading activities Investment income Other income Totsl 243.452 212 243,452 212 161,541 149 38,T26 204.731 248.348 8.301 256.649 EXPENDITURE ON Charitable actlvStles Charitable 248.662 63 248 725 174.747 NET INCOMEIIEXPENDITUREI Transfers between fund$ Net movement In funds 1314) 8,428 8.114 8,238 8.428) {1901 7.924 29.984 7,924 29.984 RECONCILIATION FUNDS Total funds brought forward 68.585 190 68,775 38,791 TOTAL FUNDS CARRIED FORWARD The notes fomi part of UEse fttianual statements Page 4
CARNFORTH COMMUNrrY SWthlMING POOL LTD (REGISTERED NUMBER: 109713321 BALANCE SHEET 31 DECEMBER 2022 2022 Total funds 2021 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets 22.585 22,585 7.570 CURRENT ASSETS Debtors Cash at bank and in hand 586 59,472 60.058 586 59,472 60.058 1.371 64,993 66.364 CREDITORS Amounts falling due 1th1n one year 10 15,944} 15,9441 {5,1591 NET CURRE1 ASSETS 54,114 54,114 61,205 TOTAL ASSETS LESS CURRENT LIABILITIES 76.699 76.699 68,775 NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS 76,699 76,699 68,775 11 7£,699 68,585 190 68,775 76,699 The charitable company is gntille(I to exgmption from audit undgr Section 477 of Iho Companies Act 21X)6 for the year ended 31 December 2022. The members have not required the company to obtsin an audit of its finan(ial stateTnenls for the year ended 31 December 2022 in accor(lance with Seciion 476 of the Companies Act 20D6. The Iruslees acknowledge their responsibilities for {al ensuring that the charitablè company keeps accounting records thal comply with Sections 386 and 387 of the Companies Acl 2006 and prep*ing financial slaternenls which gi¥e a true and fair view of the state of affairs of the charitable company as at the end of each financ4al year and of ils SLrplus or defictt for each financial yeai in accordance wilh the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating tD financial statements, so far as applicable to the charitable company. {bl The notes fomi part of UEse fttianual statements Page 5 continued...
CARNFORTH COMMUNrrY SWthlMING POOL LTD (REGISTERED NUMBER: 109713321 BALANCE SHEET- ¢onlinued 31 DECEMBER 2022 These financial statements have been prepared in accordance with the provisi$ applicable lo charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 1 June 2023 and were signed on ils behalf by= MrJ BIow8s MBE- Trustee The notes fomi part of UEse fttianual statements Page 6
CARNFORTH COMMUNITY SMMMING POOL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EHDED 31 DECEMBER 2022 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charitable company. whTrch is a public benefit enlity under FRS 102, have been prep¥ed in aOrdance the Charities SORP IFRS 1021'Ac¢ounling and Reporting by Charities.. Statement of Recommended Pra¢li¢e applicable to charities preparing their accounls in accordan with Ihe Financial Reporting Standard applicable in the UK and ReDulAic of Ireland IFRS 1021 leffectwe 1 January 20191,, Financial Reporting Siandard 102 'The Finanual Reporting Stsndard applicable in the UK ar Republic of Ireland, and the Companies Act 2006. The financial statements have been prepar under Ihe historical cost convenbon. INCOME All income is racognised in th& Stat8ment of Finanual Activibes once th8 charity has enlidemenl lo the funds, it is Wob1 that the income will be received and the amount can be meaSLJred reliably. EXPENDITURE Liabilities are recnISed as expendilure 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 e3n b& measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that ag Jregate all cost lated to the category. Where costs cannot be directly attributed to particular heading5 they have been allocated to a-tivities on a basis constslent wilh the use of resources. TANGIBLE FIXED ASSErs Depreciation is provided at the following annual rates in order lo write off each asset over its estimated useful life. Plant and machinèry 25°k on reducing balance TAXATION The charity Is exempt from corporalion tax on its Charitab activities. FUND ACCOUNTING Unrestricted funds can be used in accordance wtth the charilable objectives at the discrelion of the trustees. Restricted funds call onty be used for particular restrictd purwse5 Wthin the objects of the charity. Restrictions arise when specified by the donor C when funds a raised for particular $tcted purposes. Further explanation of the nature and purpose of eath fund is included in the noles to the financial statements. PENSION COSTS AND OTHER POST41ETIREMENT BENEFITS The charitable company operates a defined contrilMJlion pension scheme. Contributions payable lo the charitable company's pension scheme are tharged lo the Statement of Financial Activities in the period to which they relate. Page 7 continued...
CARNFORTH COMMUNITY SMMMING POOL LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EHDED 31 DECEMBER 2022 OTHER TRADING ACTIVITIES 2022 2021 Lifeguard training SchoL)I swimming Group swimming Goods for resale Public swimming 3.100 83,629 9,811 8.227 138,685 243 452 76,058 4,917 1,953 78.613 INVESTMENT INCOME 2022 2021 Deposit account interest 212 149 NET INCOMEIIEXPENDITURE) Nel incomellexpenditurel is staled after thargin(CredItingl'. 2022 2021 DepreGiation- owned assets TRUSTEES, REMUNERATION AND BENEFITS There were no Iruslees, remurEration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. TRUSTEES. EXPENSES There were no trustees. expen3es pa for the year ended 31 December 2022 nor for the year ended 31 Dember 2021. STAFF COSTS The average monthly number of employees during the year was as follows". 2022 2021 Full and part lime No employees received emoluments in excess of £60,Tr)0. Page 8 continued...
CARNFORTH COMMUNITY SMMMING POOL LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEM8ER2022 COMPARATNES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted furKIs Restricted fund5 Total funds INCOME AND ENDOWMENTS FROM Donats'ons and legacies 4.315 4.315 Other trading activities Investment income Other income Total 161.541 149 38,726 204.731 161,541 149 38,T26 204.731 EXPENDITURE ON Charitable activitles Charitable 174,747 174.747 NET INCOME Transfers betrhTeen furnd$ Net movement In funds 29.984 1,960 31,944 29.984 1,9601 11,9601 29.984 RECONCILIATION OF FUNDS Total lunds brought forward 36.641 2,150 38,791 TOTAL FUNDS CARRIED FORWARD 68,585 TANGIBLE FIXED ASSETS Long leasehold Plant and machlnery Totals COST At 1 January 2022 AddilK)ns At 31 DeMr 2022 DEPRECIATION At 1 January 2022 Charge for year At 31 DeCemr 2022 NET BOOK VALUE At 31 DeIntEr 2022 At 31 Decemkr 2021 11,785 14.635 26,420 11.785 18,345 30,130 3.710 3.710 4,215 3,330 7.545 4,215 7.545 3.710 Page 9 continued...
CARNFORTH COMMUNITY SMMMING POOL LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEM8ER2022 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Prepsyments 586 10. CREDITORS: AMOUFs FALLING DUE WtrHN ONE YEAR 2022 2021 Social security and other taxes Other creditors Accrued expenses 11.6181 1,318 6,244 11,7821 6,941 11. MOVEMENT IN FUNDS Transfer5 betr4&en funds movement in funds At 31112122 At 111122 Unrestricted funds General nd Sinking fuT)d 43 585 25.000 68.585 13141 8.428 51.699 25,000 76,699 1314) 8,428 Reslrfctsd funds Assistan for marketing and revenue Eneryy saving p18nl arKI equipment 11901 8,2381 8,238 8.238 7.924 TOTAL FUNDS 68 775 76 699 Net movement in funds. included in the above are as follo+VS- Incoming resources Rosourcès expended Movoment In funds Unrestrfcted lunds General fund 248.348 1248,662} (3141 Restricted funds Energy saving plant and equipment 8.301 163) 8,238 TOTAL FUNDS 256.649 248,725) Page 10 continued...
CARNFORTH COMMUNITY SMMMING POOL LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EHDED 31 DECEMBER 2022 11. MOVEMENT IN FUNDS - continued Comparatives for movernent in funds Transfers b9tsv99n funds movement in funds At 31112121 At 111121 Unrestrlcted lunds General fund Sinking fur)d 11,641 25.000 36,641 29.984 1,960 43,585 25,000 68,585 29,984 1,960 Restricted funds Assistance for marketing and revenue Junior Swims Adult. Pilot Project Adult- Follow O Senior Adults 190 460 190 14601 Isooi 15001 5001 2,150 38,791 190 68,775 TOTAL FUNDS 29.984 Cornparative nel movement in fijnds, included in the above are as follows.. Incoming resources Resour¢8s expgnded Movement in funds Unrestrlcted funds General fvnd 204.731 1174,747} 29,984 TOTAL FUNDS 204.731 174 747} Page 11 continued...
CARNFORTH COMMUNITY SMMMING POOL LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EHDED 31 DECEMBER 2022 11. MOVEMENT IN FUNDS - continued A current year 12 months and wor year 12 months combined position is a5 follows= Transfers b9tsv99n funds movement in funds At 31112122 At 111121 Unrestrlcted lunds General fund Sinking fur)d 11,641 25.000 36,641 29.670 10.388 51,699 25,000 76,699 29,670 10,388 Restricted funds Assistance for marketing and revenue Junior Swims Adult. Pilot Project Adult- Follow O Senior Adults Energy saving plant and equiprnent 190 460 11901 14601 Isooi 15001 15001 8,238 8.238 10 388} TOTAL FUNDS 38.791 A ¢urrenl year 12 months and prior year 12 months combined net movement In fvnds, included in the above aro as follows: Incoming resources Resource3 expended Movement In funds Unre$tri¢tgd funds General fund 453,079 1423,409) 29,670 Restrfcted funds Energy saving plant and equipment 8,301 163} 8.238 TOTAL FUNDS 461,380 423,472} 37.908 Restrictsd Income Funds These comprise fvnds designated for specifK purwses as highlighted at)ove. Unrestricted Incorne Funds General Fund The general unrestricted frJnd represents free funds of the charity which Can be applied al the discretion of the truste. Desi aled Sinkin Fun he designat&d Sinking und representrJ funds from Lancashire County Council ihal the trustees have put aside frown general fund5 to aid cash llow in the first year. Page 12 continued...
CARNFORTH COMMUNITY SMMMING POOL LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EHDED 31 DECEMBER 2022 12. OTHER FINANCIAL COMMITMENTS The building and swmming F)DoI are on a 125 year lease from Lancashire County Council wrth an annual peppercom rent. 13. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 December 2022. Page13
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