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 2023
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 2023
| 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 2023
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 2023. 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
The Pool continued to have good utilisation through 2023, with profits over this past few years ploughed back into facility improvements, by way of match funding the construction of a building extension, with a patron coffee shop that doubles as a lecture room upstairs, and two extra toilets and much needed storage on the ground floor.
All of the good progress comes from the enthusiasm of staff who contribute very significantly to offering a wide variety of activities, especially for over twenty primary schools bringing youngsters for swimming and water safety lessons.
Page 1
CARNFORTH COMMUNITY SWIMMING POOL LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
The 2023 year continued to enjoy good Pool utilisation seven days a week, to include over twenty primary schools bringing pupils for swimming and water safety lessons, resulting in £97,505 income that was a significant portion of the £262,722 for total swimming activities.
Grant funding, public support and Pool reserves enabled the anticipated building extension to commence in September 2023 and be completed April 2024, the extended building expenditure at 31 Dec 2023 was £101,834.
Other aspects such as utility costs, namely gas that fell by £1,329 and electricity that increased by £8,740 resulting in a £7,411 increase, should be more stable going forward as contracts have been locked in until 2026.
For the year ended 31 December 2023:
Income and Expenditure
In terms of income:
-
Donations of £10,646 were received.
-
Gift aid of £399 was received.
-
Grants of £54,125 were received
-
Swimming activities generated income of £262,722.
Total incoming resources was £328,730.
The expenditure figures comprise:
-
The main expense is Wages (£58,667) and Lifeguards and instructors (£71,701) totalling (£130,368).
-
Coach hire of £33,250 covers the cost of transporting school children to and from the pool.
-
Cost of refurbishment and repairs were £4,787.
The total resources expended was £273,304.
Total incoming resources exceeded resources expended by £55,426.
Balance Sheet
As detailed above with incoming resources exceeding resources expended by £55,426 the carried forward reserves amount to £132,125. See note 12.
Bank balances totalled £29,427.
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 2023
Registered office
Carnforth Community Swimming Pool Kellet Road Carnforth Lancaster Lancashire LA5 9LS
Trustees
Mr J Blowes MBE Chartered Engineer Mrs E J Paul Manager Mr J M Grisenthwaite Retired Mrs H Clarke Manager (appointed 12/6/2023) Approved by order of the board of trustees on ............................................. and signed on its behalf by: 27th September 2024
.............................................................. Mr J Blowes MBE - Trustee
Page 3
CARNFORTH COMMUNITY SWIMMING POOL LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 12,170 Other trading activities 2 262,722 Investment income 3 838 Total 275,730 EXPENDITURE ON Charitable activities Charitable 272,606 NET INCOME 3,124 Transfers between funds 12 49,683 Net movement in funds 52,807 RECONCILIATION OF FUNDS Total funds brought forward 76,699 TOTAL FUNDS CARRIED FORWARD 129,506 |
Restricted funds £ 53,000 - - 53,000 698 52,302 (49,683) 2,619 - 2,619 |
2023 Total funds £ 65,170 262,722 838 328,730 273,304 55,426 - 55,426 76,699 132,125 |
2022 Total funds £ 12,985 243,452 212 |
|---|---|---|---|
| 256,649 | |||
| 248,725 | |||
| 7,924 - |
|||
| 7,924 68,775 |
|||
| 76,699 |
The notes form part of these financial statements
Page 4
CARNFORTH COMMUNITY SWIMMING POOL LTD
BALANCE SHEET 31 DECEMBER 2023
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 8 121,589 CURRENT ASSETS Debtors 9 1,110 Cash at bank and in hand 22,743 23,853 CREDITORS Amounts falling due within one year 10 (15,936) NET CURRENT ASSETS 7,917 TOTAL ASSETS LESS CURRENT LIABILITIES 129,506 NET ASSETS 129,506 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 2,619 2,619 - 2,619 2,619 2,619 |
2023 Total funds £ 121,589 1,110 25,362 26,472 (15,936) 10,536 132,125 132,125 129,506 2,619 132,125 |
2022 Total funds £ 22,585 586 59,472 60,058 (5,944) 54,114 76,699 76,699 76,699 - 76,699 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 2023
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 ............................................. and were signed on its behalf by: 27th September 2024
............................................. 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 2023
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 2023
2. OTHER TRADING ACTIVITIES
| Lifeguard training School swimming Group swimming Goods for resale Public swimming 3. INVESTMENT INCOME Deposit account interest 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2023 £ 3,825 98,090 8,255 9,020 143,532 262,722 2023 £ 838 2023 £ 3,106 |
2022 £ 3,100 83,629 9,811 8,227 138,685 |
2022 £ 3,100 83,629 9,811 8,227 138,685 |
|---|---|---|---|
| 243,452 | |||
| 2022 £ 212 |
|||
| 2022 £ 3,330 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| 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 2023
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,684 Other trading activities 243,452 Investment income 212 Total 248,348 EXPENDITURE ON Charitable activities Charitable 248,662 NET INCOME/(EXPENDITURE) (314) Transfers between funds 8,428 Net movement in funds 8,114 RECONCILIATION OF FUNDS Total funds brought forward 68,585 TOTAL FUNDS CARRIED FORWARD 76,699 8. TANGIBLE FIXED ASSETS Long leasehold £ COST At 1 January 2023 3,710 Additions 100,278 At 31 December 2023 103,988 DEPRECIATION At 1 January 2023 - Charge for year - At 31 December 2023 - NET BOOK VALUE At 31 December 2023 103,988 At 31 December 2022 3,710 |
Restricted funds £ 8,301 - - 8,301 63 8,238 (8,428) (190) 190 - Plant and machinery £ 26,420 1,832 28,252 7,545 3,106 10,651 17,601 18,875 |
Total funds £ 12,985 243,452 212 256,649 248,725 7,924 - 7,924 68,775 76,699 Totals £ 30,130 102,110 132,240 7,545 3,106 10,651 121,589 22,585 |
Total funds £ 12,985 243,452 212 |
|---|---|---|---|
| 256,649 | |||
| 248,725 | |||
| 7,924 - |
|||
| 7,924 68,775 |
|||
| 76,699 |
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CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||||
| £ | £ | |||||||||
| Prepayments and accrued income | 1,110 | 586 | ||||||||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||||||
| 2023 | 2022 | |||||||||
| £ | £ | |||||||||
| Other loans (see note 11) | 15,000 | - | ||||||||
| Social security and other taxes | (8,924) | (1,618) | ||||||||
| Other creditors | - | 1,318 | ||||||||
| Pension control account | 237 | - | ||||||||
| Accrued expenses | 9,623 | 6,244 | ||||||||
| 15,936 | 5,944 | |||||||||
| 11. | LOANS | |||||||||
| An analysis of the maturity of loans is given below: | ||||||||||
| 2023 | 2022 | |||||||||
| £ | £ | |||||||||
| Amounts falling due within one year on demand: | ||||||||||
| Other loans | 15,000 | - | ||||||||
| 12. | MOVEMENT IN FUNDS | |||||||||
| Net | Transfers | |||||||||
| movement | between | At | ||||||||
| At 1/1/23 | in | funds | funds | 31/12/23 | ||||||
| £ | £ | £ | £ | |||||||
| Unrestricted funds | ||||||||||
| General fund | 54,081 | 1,409 | 51,398 | 106,888 | ||||||
| Sinking fund | 22,618 | - | - | 22,618 | ||||||
| New extension | - | 1,715 | (1,715) | - | ||||||
| 76,699 | 3,124 | 49,683 | 129,506 | |||||||
| Restricted funds | ||||||||||
| New extension | - | 48,000 | (48,000) | - | ||||||
| Power to Change | - | 4,302 | (1,683) | 2,619 | ||||||
| - | 52,302 | (49,683) | 2,619 | |||||||
| TOTAL FUNDS | 76,699 | 55,426 | - | 132,125 |
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CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund New extension Restricted funds New extension Power to Change TOTAL FUNDS |
Incoming resources £ 266,471 9,259 275,730 48,000 5,000 53,000 328,730 |
Resources Movement expended in funds £ £ (265,062) 1,409 (7,544) 1,715 (272,606) 3,124 - 48,000 (698) 4,302 (698) 52,302 (273,304) 55,426 |
|---|---|---|
Comparatives for movement in funds
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1/1/22 | in funds | funds | 31/12/22 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 43,585 | (314) | 8,428 | 51,699 |
| Sinking fund | 25,000 | - | - | 25,000 |
| 68,585 | (314) | 8,428 | 76,699 | |
| Restricted funds | ||||
| Assistance for marketing and revenue | 190 | - | (190) | - |
| Energy saving plant and equipment | - | 8,238 | (8,238) | - |
| 190 | 8,238 | (8,428) | - | |
| TOTAL FUNDS | 68,775 | 7,924 | - | 76,699 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Energy saving plant and equipment TOTAL FUNDS |
Incoming resources £ 248,348 8,301 256,649 |
Resources Movement expended in funds £ £ (248,662) (314) (63) 8,238 (248,725) 7,924 |
|---|---|---|
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CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
12. 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 1/1/22 | in funds | funds | 31/12/23 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 43,585 | 1,095 | 59,826 | 104,506 |
| Sinking fund | 25,000 | - | - | 25,000 |
| New extension | - | 1,715 | (1,715) | - |
| 68,585 | 2,810 | 58,111 | 129,506 | |
| Restricted funds | ||||
| Assistance for marketing and revenue | 190 | - | (190) | - |
| Energy saving plant and equipment | - | 8,238 | (8,238) | - |
| New extension | - | 48,000 | (48,000) | - |
| Power to Change | - | 4,302 | (1,683) | 2,619 |
| 190 | 60,540 | (58,111) | 2,619 | |
| TOTAL FUNDS | 68,775 | 63,350 | - | 132,125 |
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 New extension Restricted funds Energy saving plant and equipment New extension Power to Change TOTAL FUNDS |
Incoming resources £ 514,819 9,259 524,078 8,301 48,000 5,000 61,301 585,379 |
Resources Movement expended in funds £ £ (513,724) 1,095 (7,544) 1,715 (521,268) 2,810 (63) 8,238 - 48,000 (698) 4,302 (761) 60,540 (522,029) 63,350 |
|---|---|---|
Restricted Income Funds
These comprise funds designated for specific purposes as highlighted above.
Unrestricted Income Funds
General Fund
The general unrestricted fund represents free funds of the charity which can be applied at the discretion of the trustees.
Designated Sinking Fund
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CARNFORTH COMMUNITY SWIMMING POOL LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
12. MOVEMENT IN FUNDS - continued
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.
13. OTHER FINANCIAL COMMITMENTS
The building and swimming pool are on a 125 year lease from Lancashire County Council with an annual peppercorn rent.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 13
CARNFORTH COMMUNITY SWIMMING POOL LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Other trading activities Lifeguard training School swimming Group swimming Goods for resale Public swimming Investment income Deposit account interest 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 Uniforms Goods for resale Lifeguards and instructors Training Computer costs Cleaning and waste disposal Plant and machinery Interest payable |
2023 £ 10,646 399 54,125 65,170 3,825 98,090 8,255 9,020 143,532 262,722 838 328,730 58,667 1,297 7,669 7,912 59,198 316 1,029 128 1,012 33,250 4,787 4,818 2,949 - 5,229 71,701 2,047 6 782 3,106 - 265,903 |
2022 £ 2,454 1,480 9,051 |
|---|---|---|
| 12,985 3,100 83,629 9,811 8,227 138,685 |
||
| 243,452 212 |
||
| 256,649 55,805 972 6,286 9,410 50,329 384 486 30 820 30,044 2,469 3,414 2,300 324 4,770 72,121 1,758 616 1,001 3,331 75 |
||
| 246,745 |
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 2023
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 |
||
|---|---|---|
| Support costs Management Grant applications Finance Bank charges Governance costs Accountancy and legal fees Legal fees Total resources expended Net income |
2023 £ 4,806 36 1,300 1,259 2,559 273,304 55,426 |
2022 £ 688 37 1,255 - |
| 1,255 | ||
| 248,725 | ||
| 7,924 |
This page does not form part of the statutory financial statements
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