Company Registratlon Number 13796140 Registered Charity Number 1200342 FRIENDS OF JUBILEE POOL (BRISTOL) LTD (A company limited by guarantee wlth charltable status) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
FRIENDS OFJUBILEE POOL {BRISTOL) LTD TRUSTEES, REPORT YEAR ENDED 310ECEMBER 2023 CONTENTS PAGE Trustees. annual report Independent examinerfs reporttothe trustees 12 Statement of financial activities {including income and expenditure account) 13 Balance sheet 14 Notes to the financial statements 15
FRIENDS OF JUBILEE POOL (BRISTOL} LTD TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2023 TRUSTEES, REPORT The Trustees presenttheir report and the unaudited financial statements of the company and charity for the year ended 31" December 2023. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company and Charity Name Charity Registration Number Company Registration Number Registered Office Friends of Jubilee Pool (Bristol) Ltd 12(NJ342 13796140 113 Somerset Road, Knowle, Bristol BS4 2HX TRUSTEES The Trustees and Directors of Friend5 of Jubilee Pool (Bristol) Ltd I'FOJP") during the year and to the date of the signing of this report are as follows= Julie Laming (Chairl Deborah Reid Matthew Blanchard Rachel Heaton Dereth Wood Sarah Petherbridge (from 15th May 2023) BANKERS Lloyds Bank PLC. PO Box ICW. Andover BXI ILT INDEPENDENT EXAMINER Sarah Christmas ACA 68 Runswlck Road. Brlstol BS4 3HZ
FRIEND5 OF JUBILEE POOL{BRISTOL) LTD TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2023 StRucfuRE, GOVERNANCE AND MANAGEMENT Governing Documents. The Charlty Is a Company Limited by Guarantee with Charitable Status, registered with Ih Companies House on 13 December 2021 and the Charity Commission on 12, september 2022. Eligibility for membership of the Ch3rity and membership of the Board of Trustees is governed by the Constitution. There are no restrictions in the governing document on the operation of the Charity other than those imposed by general charity law. Governance The Charity has Six Trustees. It has also established six working groups each headed by a Trustee joined by knowledgeable and skilled community volunteers to support Marketing. Events and Community Fundraising. Grant Funding, Capital Works, Finance and Legal and Operations Improvements. Appointment and Induttion of Trustees Trustees are appointed at the Annual General Meeting and can be co-opted during the year by the board of Trustees. Potential new Trustees are asked to submit an application letter listing their skills and knowledge they can offer the Charity. Newly appointed Trustee5 are provided with a copy of the constitution and offered induction in the history and operation of the Charity. Key Managernent Personnel FOJP is accountable for all aspects of the pool building. including repair, maintenance and renewal and for delivering a swimming pool and gym service to the community. Day to day operation of the Pool is managed through a partnership with Parkwood LeisurelLex Leisure (CICI who are contracted on a not-for-profitlno risk basis by Friends of Jubilee Pool (Bristol) Ltd. Grant Making The Charity does not currently engage in grant-making activity. Policies on Reserves. The Trustees have reviewed the charity's need for reserve5 in line with the guidance issued by the Charity Commi55ion.
FRIENDS OF JUBILEE POOL (BRISTOL) LTD TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2023 The charitws total Unrestricted Reserves shown in the Balance Sheet as at 31 December 2023 are £80,482 {2022- £51.5131. £4,204 of these reserves were represented by Fixed Assets 12022- £nill, leaving £76,278 available as Unrestricted Reserves12022.. £51,513). FOJP have identified a project which will not be fully funded by grants. This relates to the new Air Handling Unit which will be installed during 2024. The shortfall in the funds is £20,000 and therefore as a result. designated funds of £20.000 have been set aside from the free reserves to cover this shortfall. The Trustees also aim to hold a level of free Unrestricted Reserves equivalent to three months, operating costs of the pool. which provides sufficient financial resources to meet the legal and contrattual obligations and liabilities which would crystallise if the pool was shut with no income generated. Their current estimate of the amount required for this purpose and hence targeted level of reserves is approximately £105,000. As at 31 December 2023 the charity holds actual free reserves of £56.278 for thi5 purpose. OBJECTIVES AND ACTIVITIES Charitable Purpose To promote for the benefit of the inhabitants of Knowle and the surrounding area. the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by rea50n of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition ol life of the said inhabitants. Public Benefit In our declsions as a Board and in the drawing up of this summary of our main activities, we have had due regard to our publlc beneflt obllgatlons under the Charities Art and the Charities (Accounts and Report) Regulations 2008. We have also had full regard to the Charity Commission's public benefit guidance outlines in guides PBI, PB2 and P83. Impactand Value On 30, September 2022 FOJP signed an agreement for a 35 year lease with Bristol City Council and jubilee Pool was transferred to the local community by way of a Community Asset Transfer I"CAT"). FOJP received the building with no funding dowry and is accountable for building insurance, all repairs and maintenance required and for ensuring the delivery of a service to the community. The charity also signed a service contract with Parkwood Leisure Llmited to support the continued operation of the Pool - this is a not-for-profitlno risk agreement where all operational deficits land surpluses) are coveredlreceived by FOJP.
FRIENDS OF JUBILEE POOL (BRISTOL) LTD TRUSTEES. REPORT YEAR ENDED 310ECEMBER 2023 2023 is the first full year of FOJP'S operation of Jubilee Pool and Gym {"Jubilee Pool"). During this year, the Trustees have focussed on building solid foundations for the future growth and development of Jubilee Pool whilst at the same time riding the economic storm of increased utility costs and pressure on household incomes. Membership numbers have increased by 35% and a stronger swirn school programme has been developed to allow for swimmer progression. New management staff and additional lifeguards and swim teachers have been recruited and FOJP has supported additional trainirtg and staff development. The Jubilee Pool service offer has been reviewed following consultation with members resulting in changes made to the ti metable. for example. additional provision for family swimming at weekend5 and holidays, the introduction of a part-time iym instructor to enhance the gym offer for members and a new inflatable for partie5 and holiday sessions. This year has also seen the introduttion of new clubs and groups, for example Active Minds learn to swim group for women of colour. Out to Swim- an LGBTQ+ masters swimming club and pilot youth programmes such as Rookie Lifeguard sessions. These activities reflect some of the priorities outlined in the Community Consultation Report undertaken for the CAT in 2022 and this document guides the Trustees as they plan into the future. We have reached out to local GP surEeries and have started to engage with various charity groups to deliver on our objective to benefit the health and wellbeing of residents of Knowle and the surrounding area. We now provide free ofcharge swimming to pregnant people both 3ntenatally and for a period postnatally. A new Life Saving group has been formed by volunteers teaching children vital life saving skills. During this year FOJP has launched its new logo and brand and launched the new Jubilee Pool website ubilee oolbristol.co.ukl with pro bono support from Modular Digital Ltd and Web Design City. The website, quarterly community meetings, regular newsletters and community events provide a continual link for the broader community to the work of FOJP. ongoing work at Jubilee Pool and the opportunity to feed into future plans. FOJP has continued to undertake minor repairs and maintenance to the Pool and Gym with support from a wide range of grant funders and communlty volunteers. This has included repairs to changing room equipment, painting outdoor areas, new signage, new lights to improve accessibility, replacement medical equipment. replacement poolside equipment and the installation of a Community Defibrillator on the outside of the building. FOJP has also started its first phase of Energy savinglsustainability small works including changing to LED ightlng and plans for a thermostat and new heat exchanger.
FRIENDS OF JUBILEE POOL (BRISTOL) LTD TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2023 At the same tirne, FOJP ha5 focussed on its first major capital works project- fundraising to 5UPPOrt a new Air Handling Unit a5 the current, outdated one is completely ineffective. This project, including newly repaired flat roofs which have been leakin& is expected to be implemented in 2024. This will reduce internal building fabric degradation from excessive levels of condensation and humidity, as well as significantly reducing utility bills and improving the customer experience. Other major priorities undertaken in 2023124 included feasibility studie5 for potential future use of solar thermal pipes, solar PV panels and drainage improvements. People In 2023, Sarah Petherbrid8e joined FOJP as a new Trustee bringing her experience as a qualified Chartered Accountant and Chartered Tax Advisor. Sarah head5 UP the Finance WorkinE Group. She is also a specialist in disability awareness. In 2023, FOJP contracted with local accountancy company to create regular management accounts, monitor grant income and produce annual accounts. Jule5 Laming. the FOJP Chair was awarded the Lord Mayor of Bristol's Award in recognition of her long standing effort first as a campaigner and now as Chair, to keep Jubilee Pool open for the community. All our Trustees, working groups and work parties are volunteers and their commitment. enthusiasm and passion demonstrate why Jubilee Pool 15 such an important asset for this community. There are many wonderful stories about the people involved in the Pool for example, local volunteer Lauren Tew. at 70 years old, completed the tough RLSS NPLQ life8uard course and sits in the chair to cover sessions when needed. Lauren also Is a tralned instructor for our Rookie Lifeguard lesson5. Joanne Finkel is Chair of Bristol Life Saving Club and our Community Engagement and Social Prescribing Lead. Joanne is the link between our regular groups & clubs and the Trustees. Social Prescrlblng connects and sign-posts patients with non-clinical activities in their community to help improve their health and well-being. Joanne is working with local dortor's surgeries, community groups and Lex Leisure to facilitate this. Alex Edwards is 23 and a member of the Downs Syndrome Swimming GB squad. Alex trains at the pool everyweek. She has smashed world records in the 50m and 200m fly. Watching her swim Is awe-lnspirlng.
FRIENDS OF JUBILEE POOL (BRISTOL) LTD TRUSTEES. REPORT YEAR ENDED 31 DECEMBER 2023 Rlsk Mana8ement The Trustees reviewed the major governance, operational and financial risks which the Charity faced as part of its initial business plan and identified procedures and actions to mitigate these risks. These risks have been reviewed and updated this year. Systems have been put in place to mitigate the risk5. The Charity has a risk management strategy in place with comprises: An Annual Review of the strategic risks the charity faces,. The establishment of Systems and procedures to mitl8ate the key risks: and The implementation of procedures designed to minimise any potential impact on the Charity should those risk5 materiali5e. The Trustee5 are 5ati5fied that appropriate financial systems and controls are in place. They consider the key risks facing the Charity at the moment to be the financial risk arising from fluctuating utility prices and increased core costs including staffing. In addition, some urgent capital works are needed to secure the building into the tnedium term. ACHIEVEMENT AND PERFORMANCE Headline improvements for FOJP and Jubilee Pool in 2023 are: Increased membership numbers from 405 to 550,. Swim School numbers from 345 to 356 with a stron8 platform for 8rowth; 11 schools and group hire; Secured Grants totalling £230,582 for current year and future year projects lof which £180K is promised for a new Air Handling Unit: and Raised c £44K from Community Fundraising events. Flnanclals Through the funds raised as outlined above, FOJP was able to cover the significant pool operating deficit due to the hike in utility costs, other cost pressures and wage increases.
FRIENDS OFJUBILEE POOL (BRISTOL) LTD TRUSTEE5' REPORT YEAR ENDED 31 DECEMBER 2023 Fundrassing The FOJP Grant funding group has, during the course of 2023, secured the following grants: Alr Handling Unlt from the Nisbet Trust. Enovert Trust, John James Foundation. Medlock Trust and Sirona. Funds to support additional utility cost5. from the Swim England Swimming Pool Support Fund via Bristol City Council and also from the Wakeham Trust; Sustainable energy feasibility studie5 2nd first stage energy saving measures from Bristol Energy Coop and the MegawattTrust supported by the Quartet Foundation,. Additional sUPPOrt from Swim England small grants programme for staff training and development and new social group work- and a new pool inflatable. New signage and disability access improvement5 from the charitable arm of Lex Leisure. This has been an extraordinary achievement and FOJP is grateful for all of its grant funders who have shown support for. and share FOJP'S commitment to. Jubilee Pool as a valuable community asset Throughout 2023 we have continued with our vibrant programme of community fundraising and information events run by volunteers to support our income and reach out to all of our community. The regular Aqua Discos and solstice swims continue to be popular and our second Jubilee-athon was extremely well supported. A wide range of existing and new supporters a150 ran. Swam and cycled in other sponsored events to raise funds for the Pool as part o* our Mad May Challenge. In October 2023, FOJP held a first anniversary event with activities in the pool as well as a street party. The sun came out and large numbers of people attended the swim events, music. dance, poetry, stalls and a celebration of the whole community involved in supporting the Pool. FOJP has been grateful for many donations of items for our raffles and grand draws including beautiful artwork for posters and cards and has started to create Its own merchandise which has been taken to local community fairs and arts trails along with membership information. Towards the end of the year. the Christmas events at the Pool were enjoyed by families and friends including a visit from Santa.
FRIENDS OF JUBILEE POOL {BRISTOL) LTO TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2023 Plans for Future Periods In 2024, FOJP aims to move from 'survivinl to'thrivinty both in terms of day to day operations and costs and securing the fabrlc of the neglected building fabric. FOJP has developed a very close working relationship with Jubilee Pool's service provider. This has helped with financial management and future planning and will continue into future ye3rs. With a forecast easing of utility costs and increased membership numbers. FOJP aims to reach a balanced budget for operational costs by the end of 2024. This reduces the pressure on the community fundraising activity and would allow the Trustees and Grants Funding team to focu5 time and effort on the next phase of the capital building improvement and energy sustainability planning. The Trustees will be seeking to engage additional specialist expertise on capital works planning, contracting and project planning to support them. The Trustee5 will focus on the community consultation report outcomes to prioritise future social and community activities and will seek funding support to staff these developments. New models of Community membership, Business membership and merchandising will be introduced to diversify income and community engagement. The Trustees would like to expre55 their thanks to the Pool community, companies offering specialist help on a pro bono basis, grant funders and local champions for their support for Jubilee Pool. RESPONSIBILITIES OF THE TRUSTEES The Trustees are responsible for Preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunlted Klngdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charitable Company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. io
FRIENDS OF JUBILEE POOL (BRISTOL) LTD TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2023 In preparing these financial statements. the Trustees are required to.. Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP,- Make judgements and estimates that are reasonable and prudent,- State whether application UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements- and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companie5 Act 2006. The Trustee5 are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed by order of the Trustees Julie Laming Chair 20 June 2024 li
FRIENDS OFJUBILEE POOL {BRISTOL) LTD INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 DECEMBER 2023 Independent examlnerfs report to the trustees of The Frlends of Jubllee Pool {Brlstol) Limited I'the Compan¢) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Responsibllftles and basls of report A5 the charit5 trustees of the Company (and also its director5 for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 ACVI. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Art and are eligible for independent examination. I report in respect of my examination of your charity'5 accounts as carried out under Section 145 of the Charities Act 20111'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5) Ibl of the 2011 Act. Independent examlnerfs statement 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: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.. or the accounts do not accord with those records: or 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 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 IFRS 1021. I have no concerns and have come across no other matters In connectlon wlth 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 Christmas ACA 68 Runswick Road Bristol BS4 3HZ Date.. s IG1202_I* 12
FRIENDS OF JUBILEE POOL {BRISTOL} LTD STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2023 Unrestricted Funds Restrlcted Funds Total Fund5 2023 Total Funds 2022 (Restated) Income from Donations Chaiitable Activites Bank Interest Other Income 45,809 31,591 301 1,104 37,169 82,978 31.591 301 1.104 70,509 8,167 Total Income 78,805 37,769 115,974 78,676 Expenditure on Charitable activities 54,185 25,079 79.264 25.585 Total expendlture 54,185 25.079 79,264 25,585 N8t incomel{expenditurel 24,620 12.090 36,710 53.091 Transfers 10 4,349 (4.3491 Net movement in funds 28.969 7.741 36,710 53,091 Funds brought forward 10 51.513 1.578 53,091 Funds Carrled Forward 10 80,482 9,319 89,801 53,091 The charity has no recognis8d gains and Ioss95 other than the results for th8 y8ar as sel out above. All of the activities of the charity are classed as continuing. Tha notes on paggs 15 to 20 from part of those accounts. The prlor year fund cornparatlves can be found In note 6 13
FRIENDS OF JUBILEE POOL (BRISTOL) LTD BALANCE SHEET AS AT 31 DECEMBER 2023 Company reglstratlon number: 13796140 2023 2022 Fixed assets 4,204 Curront Assots Deblors Cash at bank stock 44.173 86.089 871 131.133 23.167 41.193 64.360 Llabllltes Creditors.. Amounts falling due withln one year 145.536) {11.269} Net Current A$$¢ts 85.597 53.091 Not Assets 89.801 53.091 Funds of the Charity Restricted funds Unrèstricted general funds Dosignaied funds 11 11 11 9,319 60.482 20,000 1.578 51,513 Total Funds 89,801 53,091 For th¢ yoar onding 31 Dember 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. The members have not required the company to obtain an audlt of ils accounts for the year In question in accordance with section 14412) of the Charities Act 2011. The members have not required the company to obtain an audit in aco)rdance wilh section 476 of the Companies Act 2006, The directors acknowledge their responsibilities for complying with the requirements of the Act respect to accounting records and the preparatlon of accounts. These accounts have been prepared in accordance with the special provisions of Part 15 of Ihe Companies Act applicable to small Companies subjeel to th¢ small companies regime and in ardance with FRS102 SORP. 20 May 2024 These financial statements were approved by the trustees on..................-...................... and are signed on their behalf Julie Laming Chair The notes on pages 15 to 20 from part of these accounts. 14
FRIENDS OF JUBILEE POOL (BRISTOL) LTD NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023 1 knGountlng pollclas Basls of a¢countlng The financial statements have been prepared in accordance with the historical cost convention lexcepl where otherwise slated in the a¢¢ounting policy note) and in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in 8ccordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102) issued in October 2019. and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021, 2nd thè Companies Act 2006. The charity is a PLFblic Benefit enttty as defined under FRS 102. The Trusleos have considered the impact of the national cost of living crisis and the COVID-19 pandemic on the charity's activities and believe that there are no material uncertainties affecting the ability of the charity to continue as a going concern. Expendlture Expenditure is recognised in the period in which it is Incurred. Expenditurè Intludès attdbutsble VAT whlch cannot be recovered. Expenditure is allocated to the identified Gharitable activsties and the costs of raising funds directly, where applicable. Govemance costs include those costs associated with me&ting th8 constitutional and statutory requirements of the charity and include 8ny costs associated wtth the strateglc management of the charfws activities. They are includ8d within charitabl8 actimties. Fund accounting Unrestricted funds Can be usèd in aceordance yth the eharitls objects at the discretion of the memb8rs. Restricted funds ¢an only be use(1 for particuL2r restricl8d purposes wtthin th8 objects of the charity. Restrictions arise when specified by the donor or whén funds aré raised for parucular restrlcled purposes. Donatlons trme from donations is included as income when these are receivable, except as follows.. l. When donors spIfy (hal donations given to the Charity musl be used in futurè accounting periods. the income is d8f8rred until those periods., and 11. When donors Impose conditions whlch have to be fulfilled before the charity becomes entitled to use such income. the income is deferred until the pre-conditions have been met. Debtors Trade and other debtors are reeognised at the setuement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due. Cash at bank & In hand Cash at bank and cash in hand indudes cash and short terwll highly liquid investments wth a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Flxed assets Depreciation is calculated so as lo write-off the cost of an asset, less its estimated rèsidual valu&. ov8r the useful economic lrfe of the asset 2s follow5.. Pool equipment 5 ar$ straight liné 15
FRIENDS OF JUBILEE POOL (BRISTOL) LTD NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023 1 Accounting policios (continued> Credltors Creditors and prowsions are re(x)gnised where the chaTtty has a present obligation resulting from a past event thal will result in the transf8r of funds lo a Ihird party and the amount due to sgtue the obligation Gan be measured or estimated reliably. Creditors are normally recognised al their settlement amount after allowing for any discounts due. 2 Donations and grants Unrestrlcted Funds Restricted Funds Total Funds 2023 Total Funds 2022 {Restated} G8neral donations Donations from events Grant Income Grft - Tax Recovered 31.465 11.635 1,500 1.209 31.465 11.635 38,669 1.209 37,508 13,g45 15,000 4.056 37,169 45.809 37.169 82.978 70,509 3 Incorne from Charltablo Actlvltlos Unrestrlcted Funds Restrlcted Funds Total Funds 2023 Total Funds 2022 (Restated) Swmming S11 operation 31,591 31,591 8,167 31,591 31.591 8.167 4 Expendituro on Charltable Actlvltles Unrestrlctod Funds Restrlcted Funds Total Funds 2023 Totsl Funds 2022 (RgStat8dl Advertising & marketing cosls Goveinancè Finance costs Consultancy costs Raising funds - fundraising events Depreciation Equipwnent costs Miscellaneous Insurance Swmming pool management IT Soare Repairs & maintenanc8 Subscriptions & memberships Training and staff (Jevelopment 7,982 2,965 1.197 526 3.090 145 1.176 793 7.175 25,299 1,262 2,345 230 20 8.002 2.965 1.197 2.926 3.090 145 1.176 793 9.989 37.664 1.262 2,345 230 7.480 3.679 4,492 340 1,520 1.600 2,400 1.308 147 2.398 8.167 88 2.814 12,365 52 1.794 7.480 54,185 25.079 79.264 25,585 16
FRIENDS OF JUBILEE POOL (BRISTOL) LTD NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023 4 Expendlture on Charitable Actlvltles (continued) Restated Total Funds 2022 Unrestrlcted Funds Rostrtcted Funds Prlor Year (Restated) 3.679 4,492 340 1,520 1,600 1,308 147 2,398 8,167 88 52 1,794 Advertising & marketing cost8 Governance Finance costs Con5ultallcy costs Raising funds - fundraising events Equipment ¢0Sts Mlscellaneous Insurance Swimming pool management IT Soare Subscripbons & memberships Training and staff development 1,769 1,910 4.492 340 1.520 1,600 1,308 147 2,398 8.167 88 52 1.794 12,163 13.422 25.585 5 Net incom61(oxpendlture) for the year 2023 2022 This is slated after charging-. Independent examinevs fees.. for Independent Examination - for Accounts Preparation 1,260 6 Comparatlve Statement of Financlal Actlvltlgs Unrestricted Funds Restrictod Funds Total Funds 2022 (Restated) Income from Donations and Legacies Charitable Activities 55.509 8,167 15,000 70,509 8,167 Total Income 63,676 15,000 78,676 Expendltur8 on Charitabl8 activities 12.163 13.422 25.585 Total expendlture 12,163 13.422 25,585 Net ineomel(expenditurel and net movement in funds 51.513 1.578 53.091 Funds brought forward Total funds carrled fonward 51.513 1.578 53.091 17
FRIENDS OF JUBILEE POOL (BRISTOL) LTD NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023 7 Tangible fixed assets Pool equipment Total Cost Al 1 December 2022 Additions 4,349 4.349 At 30 December 2023 4.349 4,349 Dèpreclatlon At 1 December 2022 Charge for the year 145 145 At 30 December 2023 145 145 Net book valug At 30 Dember 2023 4,204 4.204 At 30 June 2022 8 Debtors 2023 2022 Trade debtors Prepayments Accrued income PaTkwood sgcurity bond 16,650 795 11.728 15,000 8,167 1 S,000 44,173 23,167 9 Creditors.. amounts falllng due wlthln ong year 2023 2022 Trade creditors Aecruals Other creditors Deferred Income 4.940 1,422 5.174 34,000 11,269 45,536 11,269 18
FRIENDS OF JUBILEE POOL (BRISTOL) LTD NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023 10 Movement In funds AsatlJan 2023 As at31 Dee 2023 Income Expendltur8 Transfers Restrleted funds Lex Leisure Quartet Megawatt Fund Soaety of Merchant Venturers Sport England Grant Sport England Small Grants Fund W8keham Trust Greenhall Fund 2,788 4.000 2,788 1,580 12.4201 11,5781 111.101) 1,578 11,101 14.780 2.500 2.000 {7.480) 12,$00) (4.349) 2.951 2.000 1,578 37,169 25,079) {4.349) 9,319 Unrèstri¢ted funds General funds Desi nated funds Capital Improvement 51,513 78,805 154.1851 {15.6511 60.482 20.000 4,349 20.000 80,482 51.513 78,805 {54,1851 Total Funds 53,091 115,974 79,264 89,801 Prlor Year Comparatives - Restated As at 13 De¢ 2021 As at 31 Dec 2021 Incom8 Expendltura Transfers {Restated) (Restated) Re5trlcted funds John James Trust Quartet Foundation 5.000 5,000 {5.0001 (5.000) Society of Merchant Venturers 5.000 15.000 {3,422) {13,422) 1,578 1.578 UnrestriGted funds General funds 63,676 {12,163) 51.513 Total Funds 78.676 (25.585 53.091 Fund Descrl tions Restricted John Jarnes Trust- Towards FOJP operating costs induding Building insuranc8 and disability access surveys. Quartet Foundatlon - Towards FOJP operating costs including Building Insurance and specialist righting 19
FRIENDS OF JUBILEE POOL (BRISTOL} LTD NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023 10 Movgmgrit in funds {contSnuod} Socloty of Pjierchant Venturers- Toward8 FOJP operating costs. Inctuding swim teacher training. and sp8eialisl lighting Lex Lei5uro - Towards cost of accessibility improvements. Quartet Megawatt Fund - Towards wst of energy feasibilty studies. them)05tat and heat exchanger. Sport England Grant- Towards utilities costs for op¢raliThJ th¢ pool. Sport England Small Grants Fund - Tow8rd8 Coats of staff training and d8veknpment. new social group WOTk and pool inflatable. Wakeham Trust - Towards costs of insurance and costs for operating the pool. Desi nated Capital Improvement- Funds sel aside under the discretion of the Trustees towards anticipated costs of the Air Handling Unit. 11 Analysls of Net Assets between Funds As at 31 Dacembar 2023 Tangible Flxed Assets Not current A55ets Total 2023 Restrrded funds Unrestricted funds Desi9nated funds 9.319 56,278 20.000 85,597 9.319 60,482 20.000 89.801 4.204 4.204 As at 31 December 2022 Net current Assets Total 2022 Restricted funds Unrestrided funds 1.578 51,513 53,091 1,578 51,513 53,091 12 Related partles A payment of £Nil (2022.. £2001 was made to Creative Cauldron Design Limited, a company wholly owned by Deborah Reid who is a Trustee of Friends of Jubilee Pool Limited. The payment was made for reimbursement of mateTrals purchased on behalf of FOJP. Th8r8 ar8 no r8lated paty transactions in the current or prior year 8P3rt from those already disclosed throughout the report. 20