OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

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 2024

FOR

CARNFORTH COMMUNITY SWIMMING POOL LTD

RfM Fylde Limited Unit 1D River View 96 High St Garstang Preston Lancashire PR3 1WZ

CARNFORTH COMMUNITY SWIMMING POOL LTD

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 14
Detailed Statement of Financial Activities 15 to 16

CARNFORTH COMMUNITY SWIMMING POOL LTD

REPORT OF THE TRUSTEES for the Year Ended 31 December 2024

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 2024. 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

There was increased Pool utilisation through the 2024 year, along with the building extension coffee shop becoming recognised for its various uses, to include birthday party guests seeing their children on the giant pool inflatable through the viewing window, and the dual purpose of it being used as a lecture theatre for training of lifeguards and swimming teachers.

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 2024

FINANCIAL REVIEW

The 2024 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 £99,484 income that was a significant portion of the £373,003 for total swimming activities.

Grant funding, public support and Pool reserves enabled the building extension commenced in September 2023 to be completed in May 2024, the extended building expenditure at 31 Dec 2024 was £257,861.

Other aspects such as utility costs, namely gas that fell by £510 and electricity that decreased by £12,283 resulting in a £12,793 decrease year on year.

For the year ended 31 December 2024:

Income and Expenditure

In terms of income:

  1. Donations of £6,325 were received.

  2. Gift aid of £4,121 was received.

  3. Grants of £93,725 were received

  4. Swimming activities generated income of £267,427.

Total incoming resources was £373,003.

The expenditure figures comprise:

  1. The main expense is Wages (£61,676) and Lifeguards and instructors (£73,166) totalling (£134,842).

  2. Coach hire of £34,529 covers the cost of transporting school children to and from the pool.

  3. Cost of refurbishment and repairs were £2,925.

The total resources expended was £257,119.

Total incoming resources exceeded resources expended by £115,884.

Balance Sheet

As detailed above with incoming resources exceeding resources expended by £115,884 the carried forward reserves amount to £248,009. See note 12.

Bank balances totalled £15,170.

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 2024

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 (resigned 9/8/2025) Mr J M Grisenthwaite Retired Mrs H Clarke Manager (resigned 27/4/2025) D Downes (appointed 5/3/2025)

Independent Examiner

Sarah Flynn FCA RfM Fylde Limited Unit 1D River View 96 High St Garstang Preston Lancashire PR3 1WZ

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.................................................................... Mr J Blowes MBE - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARNFORTH COMMUNITY SWIMMING POOL LTD

Independent examiner's report to the trustees of Carnforth Community Swimming Pool Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sarah Flynn FCA

RfM Fylde Limited Unit 1D River View 96 High St Garstang Preston Lancashire PR3 1WZ

Date: .............................................

Page 4

CARNFORTH COMMUNITY SWIMMING POOL LTD

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
10,446
Other trading activities
2
267,427
Investment income
3
1,405
Total
279,278
EXPENDITURE ON
Charitable activities
Charitable
255,680
Other
1,439
Total
257,119
NET INCOME
22,159
Transfers between funds
12
95,069
Net movement in funds
117,228
RECONCILIATION OF FUNDS
Total funds brought forward
129,506
TOTAL FUNDS CARRIED FORWARD
246,734		 Restricted
funds
£
93,725
-
-
93,725
-
-
-
93,725
(95,069)
(1,344)
2,619
1,275		 2024
Total
funds
£
104,171
267,427
1,405
373,003
255,680
1,439
257,119
115,884
-
115,884
132,125
248,009		 2023
Total
funds
£
65,170
262,722
838
328,730
273,304
-
273,304
55,426
-
55,426
76,699
132,125

The notes form part of these financial statements

Page 5

CARNFORTH COMMUNITY SWIMMING POOL LTD

BALANCE SHEET 31 December 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
8
281,449
CURRENT ASSETS
Debtors
9
2,051
Cash at bank and in hand
14,020
16,071
CREDITORS
Amounts falling due within one year
10
(50,786)
NET CURRENT ASSETS
(34,715)
TOTAL ASSETS LESS CURRENT LIABILITIES
246,734
NET ASSETS
246,734
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
1,275
1,275
-
1,275
1,275
1,275		 2024
Total
funds
£
281,449
2,051
15,295
17,346
(50,786)
(33,440)
248,009
248,009
246,734
1,275
248,009		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 6

CARNFORTH COMMUNITY SWIMMING POOL LTD

BALANCE SHEET - continued 31 December 2024

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:

.............................................

Mr J Blowes MBE - Trustee

The notes form part of these financial statements

Page 7

CARNFORTH COMMUNITY SWIMMING POOL LTD

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024

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 - 15% 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.

continued...

Page 8

CARNFORTH COMMUNITY SWIMMING POOL LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

2. OTHER TRADING ACTIVITIES

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |Lifeguard training|5,671|3,825| |School swimming|99,484|98,090| |Group swimming|9,560|8,255| |Goods for resale|8,589|9,020| |Public swimming|144,123|143,532| |267,427|262,722| |3.|INVESTMENT INCOME| |2024|2023| |£|£| |Deposit account interest|1,405|838| |4.|NET INCOME/(EXPENDITURE)| |Net income/(expenditure) is stated after charging/(crediting):| |2024|2023| |£|£| |Depreciation - owned assets|3,379|3,106|

----- End of picture text -----

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |Full and part time|3|3|

----- End of picture text -----

No employees received emoluments in excess of £60,000.

continued...

Page 9

CARNFORTH COMMUNITY SWIMMING POOL LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Charitable
NET INCOME
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
8.
TANGIBLE FIXED ASSETS
COST
At 1 January 2024
Additions
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Unrestricted
funds
£
12,170
262,722
838
275,730
272,606
3,124
49,683
52,807
76,699
129,506
Long
leasehold
£
103,988
153,873
257,861
-
-
-
257,861
103,988		 Restricted
funds
£
53,000
-
-
53,000
698
52,302
(49,683)
2,619
-
2,619
Plant and
machinery
£
28,252
9,366
37,618
10,651
3,379
14,030
23,588
17,601		 Total
funds
£
65,170
262,722
838
328,730
273,304
55,426
-
55,426
76,699
132,125
Totals
£
132,240
163,239
295,479
10,651
3,379
14,030
281,449
121,589

continued...

Page 10

CARNFORTH COMMUNITY SWIMMING POOL LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayments and accrued income
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 11)
Social security and other taxes
Pension control account
Accrued expenses
11.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
12.
MOVEMENT IN FUNDS
Net
movement
At 1/1/24
in funds
£
£
Unrestricted funds
General fund
106,888
21,805
Sinking fund
22,618
-
New extension
-
354
129,506
22,159
Restricted funds
New extension
-
93,725
Power to Change
2,619
-
2,619
93,725
TOTAL FUNDS
132,125
115,884		 2024
2023
£
£
2,051
1,110
2024
2023
£
£
40,975
15,000
902
(8,924)
256
237
8,653
9,623
50,786
15,936
2024
2023
£
£
40,975
15,000
Transfers
between
At
funds
31/12/24
£
£
105,616
234,309
(10,193)
12,425
(354)
-
95,069
246,734
(93,725)
-
(1,344)
1,275
(95,069)
1,275
-
248,009

continued...

Page 11

CARNFORTH COMMUNITY SWIMMING POOL LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

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
TOTAL FUNDS		 Incoming
resources
£
278,336
942
279,278
93,725
373,003		 Resources
Movement
expended
in funds
£
£
(256,531)
21,805
(588)
354
(257,119)
22,159
-
93,725
(257,119)
115,884

Comparatives for movement in funds

Unrestricted funds At 1/1/23
£		 Net
movement
in funds
£		 Transfers
between
funds
£		 At
31/12/23
£
General fund 54,081 1,409 51,398 106,888
Sinking fund 22,618 - - 22,618
New extension - 1,715 (1,715) -
Restricted funds 76,699 3,124 49,683 129,506
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

continued...

Page 12

CARNFORTH COMMUNITY SWIMMING POOL LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

12. MOVEMENT IN FUNDS - continued

Comparative 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

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Sinking fund
New extension
Restricted funds
New extension
Power to Change
TOTAL FUNDS		 Net
movement
At 1/1/23
in funds
£
£
54,081
23,214
22,618
-
-
2,069
76,699
25,283
-
141,725
-
4,302
-
146,027
76,699
171,310		 Transfers
between
At
funds
31/12/24
£
£
157,014
234,309
(10,193)
12,425
(2,069)
-
144,752
246,734
(141,725)
-
(3,027)
1,275
(144,752)
1,275
-
248,009

continued...

Page 13

CARNFORTH COMMUNITY SWIMMING POOL LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
New extension
Restricted funds
New extension
Power to Change
TOTAL FUNDS		 Incoming
resources
£
544,807
10,201
555,008
141,725
5,000
146,725
701,733		 Resources
Movement
expended
in funds
£
£
(521,593)
23,214
(8,132)
2,069
(529,725)
25,283
-
141,725
(698)
4,302
(698)
146,027
(530,423)
171,310

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

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

During the year, the Charity entered into an arrangement with one of the Trustees, Mr John Blowes, whereby Mr Blowes loaned £40,000 to the Charity with interest chargeable at 3.5% per annum, charged monthly on unpaid principal.

The total interest charged during the year, and payable to Mr Blowes was £1,439.00, with repayments made by the Charity totalling £464.11, leaving the balance of the monies owed to Mr Blowes at the year end as £40,974.89.

Page 14

CARNFORTH COMMUNITY SWIMMING POOL LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024

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
Goods for resale
Lifeguards and instructors
Training
Computer costs
Cleaning and waste disposal
Hire of Equipment
Plant and machinery		 2024
£
6,325
4,121
93,725
104,171
5,671
99,484
9,560
8,589
144,123
267,427
1,405
373,003
61,676
1,227
8,100
6,156
46,405
434
756
120
885
34,529
2,925
2,401
2,060
5,771
73,166
2,190
-
860
1,293
3,379
254,333		 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

This page does not form part of the statutory financial statements

Page 15

CARNFORTH COMMUNITY SWIMMING POOL LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 December 2024
Charitable activities
Other
Other interest payable
Support costs
Management
Grant applications
Finance
Bank charges
Governance costs
Accountancy and legal fees
Legal fees
Total resources expended
Net income		 2024
£
1,439
-
47
1,300
-
1,300
257,119
115,884		 2023
£
-
4,806
36
1,300
1,259
2,559
273,304
55,426

This page does not form part of the statutory financial statements

Page 16