CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 110612023 To 3110512024 Charity name: Shoalstone Seawater Pool Charity registration number: 1195879 Objectives and Activities SORP refe￿nce Summary ofthe purposes of the charity as set out in its governing document Par8 1.17 To promotè, for the benefit of Ihe public, the provision of facilities for recreation or other leisure time occupation, and in particular facilities for participation in swimming and other similar sports, for the public at large in the interests of social welfare and with the object of improving their conditions of life. Summary of the main activities in relation lo those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and Activities on and off site have included.. 3 Jun 2023 Torbay Air Show viewing point 19 June 2023 Coastguard training using the pool 21 June 2023 Swim Taster Session 25 June 2023 Yoga Session poolside 18 + 19 July 2023 Brixham Community College end of year swim days 30 July 2023 19th Exeter Sea Scouts use of pool 3 August 2023 Francis Clark Volunteer Day 9 August 2023 Twilight Swim 15 August 2023 Cream Tea Party with the volunteers 2 September 2023 Brixham Tide and Time Bell Inauguration - On the Strand Line, art performan 8 September 2023 Twilight Swim 9 September 2023 Alzheimer's Society Trek26, sponsored walk checkpoint al pool site 15 September 2023 Polynesian Party Night Fundraiser 6 October Intemational Geodiversily Day- talk by Jonn Risdon on the eolo of Shoalstone 7 + 8th October 2023 Viewing Point for OCRDA Aqua Adrenaline race series for powerboats and jet skis 29 October 2023 Autumn Dog Swim 16 November 2023, AGM and Annual Meeling 16 December 2023 Carol Concert win the Riveria Singers 31 December 2023 Last Swim of the Year 28 February 2024 RoGkFish Supper Fundraising event 7 April 2024 Easter Dog Swim 11 May 2024 Wellness Day to launch weekly health and well-being activities at the pool, including Tai Chi, Sound Therapy, Yoga, Dance Fusion, Mindfulness and Cold Water Therapy, Creative Therapy Workshop 14 May 2024 Evening Cruise fundraiser with Funfish Trips 27 May 2024 Grand Opening and Fun Day, lifeguard season begins 29 May 2024 Mermaid Art Vvorkshop with Mark Bel Regular activities have included.. Halogi Sauna Days Morning lane swims Weekly well-being activities Onsite operations improvements-. Survey work continuing in relation lo Save Shoalstone From the Waves Campaign and northwest buttress repairs Launch of the Rewilding Project for Shoalstone Green Work started on installation of seawater pump to aid refilling of the pool Development of our Shoalslone on- sile shop, selling swimming goods and merchandise Slalement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 The Trustees have had due regard to the guidance issued by the Charity Commission on public benefit. Additional information loptionall You ma choose to include further statements where relevant about.. SORP refeTenGe Policy on grant makin9 Para 1.38 Para 1.38 Policy on social investment including program related investment The volunteer teams have a wide range of skills and networks which have therefore broadened the support provided to Ihe charity by the Brixham community: the fundraising and events teams have broad multigenerational links ensuring a strong turnout for events,. specialist volunteers have brought legal, accountancy and PR experience to support our marketing and fundraising work,. swimming and well-being activities have been promoted by our volunteers. Para 1.38 Contribution made by volunteers Other Achievements and Performance SORP reference This year we have continued to improve Ihe facilities on site and, as detailed above, increase the number of public events and weekly activities at the pool. Attendance at pool events peaked at approx. 200 people, even though the summer of 2023 was wet and windy. Summary of the main achievements of the charity, identifying the difference the charity's work has made lo the circumstances of its beneficiaries and any wider benefits lo society as a whole. Pgr8 1.20 We continue to provide free access for all to the pool, ensuring that the economically disadvantaged gain the health and social benefits of the pool community. We provide employment for 9 local people, with full-tirne Pool Operations Manager, seasonal lifeguard team and part-lime caretaker. We have looked lo increase our volunteering opportunities, with a team of regular volunteers who help with maintenance and pool cleans, the Rewilding Project, merchandise sales, PR and fundraising events. Our Save Shoalstone From the Waves Campaign has raised the profile of the pool, and we have had considerable support from the local community through fundraising events which have been put on for us to raise funds for the pool. This increase of profile has also increased visitor numbers to the pool itself. Through winler 2023124, we have planned our well-being activity schedule for the 2024 season, with the launch of our well- being day in May 2024. Additional information {optional} You ma choose to include further statements where relevant about-. Achievements against objectives sel Para 1.41 We have been fundraising for our Save Shoalstone From the Waves Compaign, where we are looking to raise over £800K to repair the northwest buttress and other areas of the pool, and save the pool for future generations. A large funding bid wenl in to the Community Ownership Fund (COF) in April 2024, after many hours of work, including raising £180K in match funding, preparing 5 year financial forecasts and business plan, working with a project manager to draw up a long-term design solution and commissioning en ineerin surve Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Para 1.41 We have negotiated a 30-year lease with Brixham Town Council for the pool site. Brixham Town Council and Torbay Council have both individually pledged £60K rf we arè successful with our fundin bid to COF. other Financial Review Review of the charity's financial position at the end of the period Para 1.21 At the end of May 24 the CIO held cash of £107,951. This included ear-marked reserves for.. Mainlenance and capital expenditure, the monies transferred across from the Friends of Shoalstone Pool, of £31,603. Maintenance of the memorial benches on site of £1151 Save Shoalstone from the Waves Campaign monies of £43,281 Grant funds from Coop and Herila ecom ass of £4684. Trustees believe it is prudent to have unrestricted reserves amounting to a sum sufficient lo cover salaries and runnin statement explaining the policy for holding reserves statin are held Para 1 22 costs for 2 months of peak summer expenditures in case of a significant drop in funding. The Trustees also recognise the need to build up free reserves to meet the capital requirements of the pool and to fund improvements and expansion of the facility. Free reserves do not include those reserves that could only be realised by disposing of fixed assets. Separate ear-marked reserve funds will be set up as needed for specific projects. Trustees will regularly monitor the amount of money held in the accounts of Shoalstone Seawater Pool CIO lo ensure there is sufficient money to cover reserves a5 defined above. Any expenditure of the reserve funds must be approved by the Board of Trustees. and the nature and reason for the expenditure fully documented. Amount of reserves held Para 1.22 As noted above, general reserves were held al the end of the year of £27,232, with ear-marked reserves of £80 719. NIA Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 Para 1.24 None Para 1.23 None Additional information (optional) You ma choose to include further statements where relevant about.. The charity's principal sources of funds (including any fundraising) Para t.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.46 Other Structure, Governance and Management Description of charity's trusts.. Type of governing document Para 1.25 The CIO is governed by a CIO association overnin document dated 21109121 How is the charity constituted? Para 1.25 cio g.-gOLI Truslee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled lo appoint one or more truslees Para 1.25 Truslees are appointed by existing trustees. No olher persons or bodies are entitled to appoint trustees. Additlonal information (optionall You ma choose to include further statements where relevant about.. Policies and procedures adopted for the induction and training of trustees Para 1.51 The charily's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 other Reference and Administrative details Charit name Olher name the charit uses Re istered charit number Charity's principal address Shoalstone Seawater Pool NIA 1195879 Shoalstone Pool Berry Head Road Brixham Devon TQ5 9FT Name5 of the charity trustees who manage the charity Dales acted il not for whole ear Trustee name Office lil any) Name of person lor body) entitled toa oint trustee if an Jessica Stock Chair Helen Barter Resigned 16 November 2023 Anthony Heard Kim Worts Rhian Manley Amy Plowman Dawn Gelshinan David Cooper Sherilee Thompson Appointed 15 August 2023 10 Sarah Bell Appointed 15 August 2023 Sue Fumiinger Secretary Appointed 16 November 2023 13 14 15 16 17 19 20 Cor orate trustees - names of the directors al the date the re ortwasa roved Director name Name of trustees holding title to property belonging to the charity Trustee name Date8 acted if not for whole ear Funds held as custodian trustees on behalf of others Description of the assets NIA held in this capacity Name and objecls of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects NIA Details of arran9ements for safe custody and segregation of such assets from the charity's own assets NA Additional information (optional) Names and addresses of advisers {Optional infonnation) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional infomiationl Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signaturels) J M Stock Sue Furminger Full namels) Position {eg Secretsry, Chair, etc) J M Stock Sue Fumiinger Chair Secretary Date **Shoalstone Seawater Pool** Independent Examiner’s Report to the Trustees For the Year Ended 31 May 2024 ## **Independent examiners report to the Trustees of Shoalstone Seawater Pool** I report to the trustees on my examination of the accounts for Shoalstone Seawater Pool (“the charity”) for the year ended 31 May 2024. ## **Responsibilities and basis of report** As the charity trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2. the accounts do not comply with these records 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. Michelle Ferris BSc (Hons) FCA DChA Albert Goodman LLP Chartered Accountants Goodwood House Blackbrook Park Avenue Taunton Somerset TA1 2PX Date: 06/12/2024 C14ARITY COMMIS510 fok ENGLAND ANO WALt Receipts and pa ments accounts CC16a Forthe period from Section A Recelpts and payments Unrcgtri¢ted fund$ Restricted funds Emdowrnent lunds Total funds Lastyear to tho noarost tothenearest£ to the nearegt£ to the netrest£ toth&neirest£ Al Rocel ts 1,857 9.62Y 6T.902 Adverti$ih Events Car Incom& Rent31 Income ano marke￿n 9.627 7,47 33.52Q 38,520 Granl inco Other income 9,721 850 $43 756 756 472 69 472 De ogils Income Sub total(Gross income for ARJ 177,872 A2 Asset and investment sales, 15Qe tablol. Sub totsl 71,556 177,672 143,381 A3Pa Wa es ments 67.983 7,48f 599 68,582 4J,J25 488 OBS Checks 287 10,978 ?4,392 24,392 Insurance 6,846 9$0 IT so￿3[e ano Consurnaoles Irs & Mainien&t￿P Water char ACco￿nIanC lees Le nses Rent and rale5 Bank. Ps Mis￿lIan￿￿5 2.476 2.554 2,280 809 45 809 $8 uare Fees erpses 165 376 oralon ta% 6.8Sts Sub total 29,029 95,5S9 A4 Asset and Investment Purchases, (see tablel Bike stan Gaze 4DD 600 Sub total 4(N) 122,4J1 29.429 96,572 Net of retelpts/(paymentsJ A5 Transfers between funds A6 Cash fund8188t year end Cash funds thi5 year end 42,127 25.812 46.809 43.547 27,232 38,592 80,719 82,139 107,951 35,330 82.139 CCXX Rt ¥¢¢ounts Issi 2911WW24 Section B Statement of assets and liabilities at the end of the perlod Unrestricted funds ttyntrèr*&t£ Rcstri¢t¢d funds to nèarost£ Endowment funds B1 Cash funds Gu￿￿l￿￿)Uni 40,317 ReserY*A¢wuryl 40.4D2 payP￿Ar¢O￿ftl É4J Squarg Cash Clearing 91 Square Belance 75 Total cash funds 27,ZJ2 80,719 sii Unre$tri¢t8d funds tonoarcst£ Re$trlcted funds to nÈAr¢St£ Endowmont fund3 Detslls B2 Other monetary assets valuè Fvnd to vAil¢h aS5Dtboknn riÈnlvaluD 84 Assets retsined for the charity's own use GazeèD unrèstr￿i0d 800 siand 400 Fund io whlch Vlhtn duc BS Liabilities Beach hulkpy dew5 Unre31rfpd $40 Auditana attounlancyfoos Urtrèstr*lo Tlad& payab￿8 PAYE 854 Signed tyyonec*ttvolrusleBS beh8110l all the tsuslee$ Print Ngme Dale DI ro¥31 Signature CCXX R2 a￿unt$ ISSI