PAULTON COMMUNITY POOL AGM 2024
Financial Overview 12th November 2024
Capital Account £96,152.50 Current Account £28,254.57 Total £124,407.07 Banking this week £217.30 Income receivable this term £1,608.75 (Turtle Tots) TOTAL £126,233.12 Creditors £0
OVERVIEW OF CUSTOMER NUMBERS
Footfall is approximately 1,500 per week. This includes Early Morning Swimming sessions, public sessions, Aqua Aerobics, School Swimming, private hire for Turtle Tots and Swimming Lessons. We currently have 720 children booked in for swimming lessons and 47 that attend 1:1 swimming lessons.
We have 7 schools that currently attend that make up eight hours of the current timetable. Two of those school are ‘Special educational needs’ schools. Farmborough will swim for one term this year and Kilmersdon school will return in January 2025. We currently have a availability on a Monday afternoon and a Friday morning from January 2025 that we are currently trying to fill.
OPERATIONAL CHALLENGES/OPPORTUNITIES
We still do not have Disabled Facilities which is currently on hold and the Park Car is always very full of parents parking for the school and the nursery. Energy prices are still very high, we have fixed the electricity cost from April 2025 which will hopefully see our expenditure reduce.
SWIMMING POOL LEASE/CONSTITUTION
Paulton Parish Council now act as both Trustee and Landlord of the pool and due to this you are looking into a suitable "constitutional arrangement" between PPC and the Pool Day to day management and operations.
SPONSORSHIP/ADVERTISING/GRANT FUNDING
We continue to advertise on social media through Facebook and Instagram. We are currently advertising tile sponsorship.
PERSONNEL
We currently have 22 members of staff. We have one member of staff on maternity leave who will return in April 2025 and another who will go on maternity leave at the end of March 2025. All contracts have been updated and signed along with current working hours and job descriptions and all appraisals have been completed.
BUILDING/PLANT/MAINTENANCE
We are still waiting for the builder to confirm a date for the re-pointing of the building.
The poolside and changing room flooring was replaced during the summer holidays along with refurbishment of the changing rooms and poolside and the reception area. The pool was closed for 6 weeks, which was
slightly longer than expected due to the damp course on poolside which put us back by a week.
POLICIES
All current policies are now due to be reviewed by PCC.
ACCOUNTS
Up to date accounts have been submitted for October 2024. They currently show a £24,000 overspend. The Trustees agreed a £10,000 overspend at the last AGM to pay for the flooring in the changing rooms but as previously discussed, due to amount of work to be completed the costs were more than expected. We have also had to replace the boiler at a cost of £5,000 and pay a member of staff £8,000 as a settlement for termination of employment.
END OF YEAR FINANCIAL STATEMENTS
End of Year Financial Statements for 2023/2024 have been submitted for approval. Once approved we can send them to the Charity Commission.
BUDGET
Once we have agreed on the percentage increase for the pay rise in April 2025, we can complete the budget for 2025/2026.
Profit and Loss
Paulton Pool For the year ended 31 March 2024
| Account | Mar 2024 | Feb 2024 | Jan 2024 | 2024 Overall Budget |
|
|---|---|---|---|---|---|
| Turnover | |||||
| Interest Income | 0 | 0 | 0 | 12 | |
| Other Revenue-Sponsorship | 0 | 0 | 0 | 250 | |
| Sales- Lessons | 7,922 | 18,593 | 27,928 | 232,000 | |
| Sales- life Guard Courses | 0 | 0 | 0 | 2,000 | |
| Sales- Memberships | 984 | 1,160 | 1,460 | 14,400 | |
| Sales - Public | 1,465 | 2,226 | 1,600 | 10,200 | |
| Sales - Rental & Parties | 2,750 | 1,609 | 0 | 10,200 | |
| Sales - Shop | 0 | 0 | 244 | 3,000 | |
| Sales-Schools | 0 | 846 | 2,961 | 38,000 | |
| Total Turnover | 13,120 | 24,434 | 34,192 | 310,062 | |
| Cost of Sales | |||||
| Direct Expenses | 163 | 60 | 396 | 2,400 | |
| DirectWages | 15,522 | 18,219 | 12,667 | 168,000 | |
| NIonsalaries | 2,560 | 3,008 | 1,769 | 28,800 | |
| PensionContributions | 560 | 726 | 1,057 | 9,000 | |
| Pool Chemicals | 1,428 | 1,246 | 636 | 7,200 | |
| Pool Maintenance | 450 | 720 | 450 | 10,200 | |
| Stock forShop | 65 | 0 | 129 | 3,000 | |
| Water Testing | 0 | 0 | 0 | 1,200 | |
| Total Cost of Sales | 20,748 | 23,978 | 17,105 | 229,800 | |
| Gross Profit | (7,629) | 456 | 17,087 | 80,262 | |
| Administrative Costs | |||||
| AdminSupport | 210 | 150 | 210 | 2,280 | |
| Advertising& Marketing | 0 | 0 | 0 | 360 | |
| Audit & Accountancyfees | 0 | 0 | 0 | 850 | |
| Bank Fees | 89 | 110 | 211 | 2,160 | |
| Certificates | 0 | 0 | 289 | 3,000 | |
| Cleaning | 101 | 94 | 305 | 3,000 | |
| Consulting | 0 | 0 | 0 | 3,060 | |
| CRB Checks | 0 | 0 | 0 | 200 | |
| Electrical Testing | 0 | 0 | 0 | 540 | |
| Electricity | 2,443 | 2,750 | 2,620 | 18,000 | |
| FireExtinguishers | 0 | 0 | 0 | 540 | |
| Gas | 994 | 987 | 2,919 | 13,950 | |
| General Expenses | 8 | 20 | 0 | 600 | |
| Insurance | 0 | 0 | 0 | 5,000 | |
| IT & Computer expenses | 100 | 30 | 0 | 1,200 | |
| ParkingBoard | 0 | 0 | 0 | 120 | |
| Printing & Stationery | 0 | 0 | 11 | 900 | |
| Refreshments | 0 | 0 | 0 | 1,200 | |
| Repairs &Maintenance | 0 | 0 | 1,739 | 5,400 | |
| Sanitary Service | 87 | 167 | 87 | 2,400 | |
| Software Subscriptions | 184 | 864 | 382 | 3,600 | |
| Staff Training | 0 | 50 | 949 | 2,400 | |
| Telephone & Internet | 145 | 157 | 153 | 2,160 | |
| Uniformes | 0 | 0 | 0 | 360 | |
| Water& SewageRates | 461 | 922 | 0 | 5,940 | |
| Web Site | 0 | 0 | 0 | 120 | |
| Total Administrative Costs | 4,823 | 6,301 | 9,874 | 79,340 | |
| Operating Profit | (12,452) | (5,846) | 7,213 | 922 |
| Profit on Ordinary Activities Before Taxation | (12,452) | (5,846) | 7,213 | 922 |
|---|---|---|---|---|
| Profit after Taxation | (12,452) | (5,846) | 7,213 | 922 |
Year to date
| 904 0 207,240 1,370 12,118 14,257 9,841 1,654 24,156 271,539 2,821 187,198 14,145 7,852 11,935 8,860 2,760 0 235,571 35,968 2,217 204 660 1,680 2,253 2,999 3,488 77 0 24,384 62 10,579 265 3,484 2,599 0 218 307 7,576 907 4,548 8,634 2,020 771 6,854 28 86,813 (50,845) |
892 (250) ### (630) (2,283) 4,057 (359) (1,346) ### ### (421) ### 14,655 1,148 (4,735) 1,340 240 1,200 (5,771) 44,294 63 156 190 480 747 1 (428) 123 540 (6,384) 478 3,371 335 1,516 (1,399) 120 682 893 (2,176) 1,493 (948) (6,234) 140 (411) (914) 92 (7,473) 51,767 |
More than budget Less than budget Less than budget Less than budget Less than budget More than budget Less than budget Less than budget Less than budget Less than budget Can be the timing of payments received More than budget More than budget £4.5k over Less than budget Less than budget More than budget £3.4k over Less than budget Less than budget Less than budget Mainly labour & More than budget Pool chemical costs Less than budget Less than budget Less than budget Less than budget Less than budget Less than budget Less than budget More than budget Less than budget Less than budget More than budget Less than budget Less than budget Mainly due to Staff training, IT equipment Less than budget Electricity & Repairs & maintenance Less than budget Software Subscriptions & Water rates More than budget Less than budget Less than budget Less than budget More than budget Less than budget More than budget More than budget Less than budget More than budget More than budget Less than budget More than budget Less than budget |
|---|---|---|
51,767 51,767
MEGISYEREO CHARITY NUMBER.. ?926YI Klnl Wi¢k5n5 Ltd Midir*r Norton sEock Somersei BA3 2DZ
rnènts Pag• port of the TYust••J I•nd•t ExAmln¢Ws fteport St&tsment of Pinanclal Activltkn 8alan¢• 5h••t Not•s to th• Financlal Stse•ffl•nts D•t•llq4 5t4t*mènt of FIn•nCl A(¥4¢1•%
ThE trustees present thelr report wlth the ffinincl statemonts tsf the thHrity for the yoar 31 March 2024 The trteel have adopted the prtr4sKW5 01 and REWlin¥ by Chariues." Ststrment d Recomrnended prac¢¢ lpr1lcab to charli$ prepirlng i<COunts accardints with tho Finan¢iil Rewvn&Sunthrd plblO In tht UK and Rcpu14i¢ of Irdand IFRS 1011 letfecu¥e I january 20191 OalECTIVES AND ACTIVITIES ObjectlV•s and airn5 To praye manage i xwimmini pod for ihe advaDctment and education ol thc pupils ol Paul ScW15 Ind for the bEnefii of thE dPiulion ¢he fieighbaurhoDd ther•ol In tho inwells wdlire for r4¢On and oth•r Iqliur•-tlmR 0ccuwd1 wth th 0"( climprovinxThe quallty of Illt. PriC benefit The ¢hirlty provkl¢s to Éerve 1 the n••d4 d tho carnnwnlty rerdl ol ue ar abilly. Th pod has pr<rAded [Ml%oni Ind fltTre oppxbrdtkslor ill durlnÉ tho y•ir. ACHIEVEMENT AND PERFORMANCE ChaYlt4bl¢ 4ithTl¢lDs The trusteei ire sitiilted ¥%ryth tho chIrl] ichleVenis durir¢ yÈr whieh wcre ih line thv objects of ihe tharfcy as set ovi In Eh15 rwL STRUCTURE. GOVRRNANce AND MANAGEMÉNT Gov•rning doturnt Th• <hirl(y li conErald bylts loycrnl docurnwc • d¢4d of uSt ind wfflitlww unincurptsrttd rh•rlty. •tVultrn•nt *rtd ttppoln¢m•nt of n•¥Y tvust¢¢s Commktee mEmberi ire oloctÉd is per the (hadry rul ind cons¢lDJElon it tht AGM. Iton Po01 l¥ a r¢ii5wr¢d (hirlry ind li min¥ed by ihe knl martr •nd hvlton Pansh Councll Trustees. ReFERENCE ANO AOMINISTRATIVE DETAIL5 P•8ist¢r¢d Chirity numb•r 292672 PriD<ipal HddY•yJ umptre Closo ul 1539 7QY Paulton Parlih Coundl Iten Parh Councillon ire Trujieu cl iho Chiriry Independent ExkmiDer ng Watkins Ltd The ljlind Houle MldsoDKr Norron Raditock 5omers•t BA3 20Z Trustee
Independent raptsrttt the tru5t¢ès of Paylton Community Swimmins Pool
port to the tharicy ¢fuicets on my e¥3miniiion ol the accounts af PaultoD Community Swimmin4 Pool Iihe Trum) lor the year ended
)1 March 2024.
IPOnJibtlitiei and bas1 of r4port
As the Charity iruitÈÈs al rhè Trust you respo112 lor the prEpafitlon of the accotsnts in ac
foLthLYtar Ended 31 1014 Unrostricthd fiJnd fundi N¢) IMCOME AND ENDOWMENTS FROM Chllrltablo activlt505 16&174 EXPENDITURE ON Chavitable Activltles SWIMMI Pod 32a920 263,ts73 NET IN¢OMEI(fXPENDITURI) 154,7501 37,865 RECONCIUATION OF FUNDS Tothl fundi brouAhtforw4rd 20Q296 161431 TOTAL FUNDS CARRIED FOItWARD 145,546 100.196 The no[¢r rArtcftheJ¢&nino41 itytrments
Balan(o sh jj.M* 31,323 Totsl UnresthLted lund CURRENT ASS5 Cash ac bank 14&1ed 203,610 CREDITORS Ath1$ fAllin8 %h1 oTre (2,6401 NET CURRENT AWTS 14S541 XW,2 TOTAL ASSETS Le$S CURRENT UA8IUTIES 14S54 2QQ296 AsseTS 145.S46 2M296 FUNDS UnrI%¢Cd ffundi 145,546 20Q296 TOTALPUNDS 145.546 2¢0,296 Th• ita(15 thpprdd by tht rd d Trub¢eoi iTrd •uth¢rfi•d l•- bIhIbr. £iJl,J .. w•r• wqd on Its ThE note5 Icm) part ofthu¢ JUtemEntJ
Not¢s to th¢ Fina 5¢atsmtnts
lor the Year Ended 31 March 2024
ACCOUNTING POLICIES
Ba515 01 praparins th• financial statqmont4
The s¢iteTnents of the (hirlry, which Is a puNic benefit entlry under FRS 102. have been wepared In accordance with the
Ch•AttW SORP IFRS IOII'AccovniSni and Ktp¢rdn£ by chan1.. SiaEemtTht d Rc<tsmm¢nded Practict Applleabk tts
4rtILfJrEh2Ql4 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrqsthLt INCOME AND ENDOV4MENTS Fftom Charitabh POL4 321.738 EXPENDITURE ON ChAtabk advitl• Swlmmiw Pocl 203,875 NeT INCOME 37M65 RECONCIUATION OF FUNDS Toul lunds brou8htforward 161431 TOTAL FUNDS CAARIED FOPWARD 20Q296 cMtDITOASI AMOUNTS FALUNC Due ThIN ONE YEAR Tnde <r•L4Kr4 2,640 MOVEMENT IN FUNDS Net rnovem•n¢ At 31.3,24 At 1.4.2) Unroxtsict*dfvndi Gonèral luThd ?W,?96 154.7501 TOTAL FUNDS 200.296 154.7501 145.546 Nlt Ihlund& InclLkl•d In theibtyearo ai lo11(h.. Inctsml riesourcei rèttyJrcei UnM5trfc¢•d fvnth Genernl fund 266.170 132a9201 154.7501 TOTAL FUNF)S 26&570 154.7501 Ply6 condnud...
MOVEMENT IN FUNDS- eOntinu•d C0rnparatN for mov•m•brt In IndS Net movemeni Ai Ai 1.4.22 in lund& Unr4Stdct•dfund5 161431 37,865 2th).296 TOTAL FUNDS 37,865 200.196 CompJratSve n•t rnw•rnqni In funds. Indudod the aboyeve 15 corhl Mtsvemont in funds expended UnvéitYlctd fundj Gnenl lund 83.8731 37.865 TOTAL FUNDS 321,738 1283.e731 37,ts5 A turr•h¢y••r11 rnonihs ind wlor>ur 12 months COMn•d pol1d¢Il ill falbws.. Not m(>vcm•Tri In lunds At At 1.4.22 UrbrMtk4cted lundi GenEril fvnd 116,0651 145,546 TOTAL FUNDS A wrroniyo4r12 1ty)nths ind priOI' 12 mBn¢hi Eomblnpd nEt movemp.ni In fuiid5, InLludtd In ihe ibm irÈ fo¥ows.' Incornlffli reiourc Ma¥Drnent twDded Unr•s¢tt•d funds Ganeril (L 587.908 1604,7931 116,8851 TOTAL FUNOS 587.gQ8 1604.7931 11&8851 contlnued...
th RELATED PARTY DISCLOSURES TherE were na reLited parry for the yoar endod 31 Mirch 2014.
31.3.14 31.3. INCOME AND ENDOWMENTS Chatable A<tiVitié£ Swimming less¢ns SchgcAs PlviTe hire sessitsns Shop sile5 LIE Guard wurx•i MembErshi IntÈrest rectlved 20QIi& 23.803 5.483 14,489 1,6 &356 1750 9,974 15,406 377 266,170 Totyl incomln8f•soiirt•s 16&170 EXPENDITURE Svpport costi Man•ymnt Waigs & Nl P¢niioni 108,424 7.851 6,056 3,481 34.963 5,074 4.952 Uihi h•ai relcphono & Snwnet Pos¢4e fid stadon•ry 235 204 4,260 204 1614 1609 Other oxpons PremiSQS r¢p4rI ind r•nqw415 1&498 Rcytlln¥ hy8Jonn Wlware & yrcdl & idmifj supportctI aink charzos Actountsncy Sundr1 Dlr•rt eNpenies 907 1.450 1¥5$ 4.887 1006 1,700 630 1819 1760 4,634 2,435 3,488 Courses Cernyicatos Loyl & consuan 3.4S4 2.708 32a920 2,873 TrAal resourcqs expcnded 320.920 283.873 Net{•4D•ndlr•inCfjrn• 154,7501 37.865 This thx5 notlorm pirt oltht s&bJwfininclal itsternÈnts