## **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**<br>**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<br>0<br>207,240<br>1,370<br>12,118<br>14,257<br>9,841<br>1,654<br>24,156<br>**271,539**<br>2,821<br>187,198<br>14,145<br>7,852<br>11,935<br>8,860<br>2,760<br>0<br>**235,571**<br>**35,968**<br>2,217<br>204<br>660<br>1,680<br>2,253<br>2,999<br>3,488<br>77<br>0<br>24,384<br>62<br>10,579<br>265<br>3,484<br>2,599<br>0<br>218<br>307<br>7,576<br>907<br>4,548<br>8,634<br>2,020<br>771<br>6,854<br>28<br>**86,813**<br>**(50,845)**|892<br>(250)<br>###<br>(630)<br>(2,283)<br>4,057<br>(359)<br>(1,346)<br>###<br>###<br>(421)<br>###<br>14,655<br>1,148<br>(4,735)<br>1,340<br>240<br>1,200<br>(5,771)<br>44,294<br>63<br>156<br>190<br>480<br>747<br>1<br>(428)<br>123<br>540<br>(6,384)<br>478<br>3,371<br>335<br>1,516<br>(1,399)<br>120<br>682<br>893<br>(2,176)<br>1,493<br>(948)<br>(6,234)<br>140<br>(411)<br>(914)<br>92<br>(7,473)<br>51,767|More than budget<br>Less than budget<br>Less than budget<br>Less than budget<br>Less than budget<br>More than budget<br>Less than budget<br>Less than budget<br>Less than budget<br>Less than budget<br>Can be the timing of payments received<br>More than budget<br>More than budget<br>£4.5k over<br>Less than budget<br>Less than budget<br>More than budget<br>£3.4k over<br>Less than budget<br>Less than budget<br>Less than budget<br>Mainly labour &<br>More than budget<br>Pool chemical costs<br>Less than budget<br>Less than budget<br>Less than budget<br>Less than budget<br>Less than budget<br>Less than budget<br>Less than budget<br>More than budget<br>Less than budget<br>Less than budget<br>More than budget<br>Less than budget<br>Less than budget<br>Mainly due to Staff training, IT equipment<br>Less than budget<br>Electricity & Repairs & maintenance<br>Less than budget<br>Software Subscriptions & Water rates<br>More than budget<br>Less than budget<br>Less than budget<br>Less than budget<br>More than budget<br>Less than budget<br>More than budget<br>More than budget<br>Less than budget<br>More than budget<br>More than budget<br>Less than budget<br>More than budget<br>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 tr￿teel 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 ￿p￿l￿blO In tht UK and Rcpu14i¢ of Irdand IFRS 1011 letfecu¥e I january 20191
OalECTIVES AND ACTIVITIES
ObjectlV•s and airn5
To pray￿e 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 0ccuwd￿1 wth th
0*"(￿ climprovinxThe quallty of Illt.
P￿riC benefit
The ¢hirlty provkl¢s to Éerve ￿1 the n••d4 d tho carnnwnlty re￿rd￿l ol ue ar abilly.
Th* pod has pr<rAded ￿[M￿l￿%￿oni Ind fltTre￿ oppxbrdtkslor ill durlnÉ tho y•ir.
ACHIEVEMENT AND PERFORMANCE
ChaYlt4bl¢ 4ithTl¢lDs
The trusteei ire sitiilted ¥%ryth tho chIrl￿] ichleVen￿is durir¢ yÈ*r whieh wcre ih line thv objects of ihe tharfcy as set ovi In Eh15
r*wL
STRUCTURE. GOVRRNANce AND MANAGEMÉNT
Gov•rning doturn￿t
Th• <hirl(y li conEral*d bylts loycrnl￿ docurnwc • d¢4d of ￿uSt ind wfflitlww unincurptsrtt*d 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 mart￿r •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 Par￿h 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 respo￿112 lor the prEpafitlon of the accotsnts in ac<ordance ¥￿¢￿ the requirernents of Chorit
Act 101 I Cthe Ac¢l.
I reptsrt in ftspeci d my exaTrwDauon the Trust's iccounEs arrieé tsut uhder Secuon 145 01 the Art ￿ In ca￿1r% aut ffly *ximlnation I ha¥*
ltswa all ap￿ICable Dirothoni gly￿ by the Charity Commisslon under secti￿ 1451Sllbl ofthe ALt.
Indqp•nd•nt •xamltie*s st•tsm•nt
Slnce ¢hiriry's gr035 iThcofflc cxceeded £25Qoc￿ >*Jur examlnor musi be 4 membcr Df i listcd body. l confirTh that l im gUAlified
und•rtah the exinMniEioTh because l im a m•mber ¢1 lh• olChartEred Ctrdfied whSch Is on* ol rhc lisred bod1￿.
I ha¥e complorod my oximln?￿Offl. I confinn that rto matters have ¢orn• to my ittrntk>n <MnqEivJn wlth thÈ *ximlhaik)Th llvlw me
Use io bell￿¢ ihii In iny m&ieriil resptc
1£￿U￿1[￿ recordswere noi kept In rwoct olthe Trust45 required ty Secdm 130of ihe ACL. or
tho atcounr¥ do not accord wlEh ihose rec4rd& or
tho iccvJnts do nol tomply wkh the i￿1c1b￿ roqulremqnts concernin8 the irtd Comtnc ol accounts set oui ITr the Chri¢ie5
IAccouTr15 and Rtyortyl Kwliuons 2008 othor thin iny requifemkni lh¢ Kcouncs Ove a tru• ind falr whi¢h li fflDt i mitfor
CDnsder•d li pri olan Inrteyndenl rxaffllNtinn.
I h4v¢ concerns Ind ￿mE a¢r055 no ￿her macwri In Connetti￿ wlth the ta whkh iifeffluon sho*Jld be driwn ID tNJ report
in order io enible J yopor und•rJt4ndlni of the iccounts to bE fu¢hed.
N I Chird FCCA
The A$s¢iiiiiD o( Chartero<l CcrEifip.d Aeeoununtt
Kinx Witklns Ltd
Tho Island Hou
Ndsomer Norton
R•dstod¢
8A3 20Z

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 ASS￿5
Cash ac bank
14&1ed
203,610
CREDITORS
Ath￿￿1$ 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%¢￿C￿d ffundi
145,546
20Q296
TOTALPUNDS
145.546
2¢0,296
Th• ita(￿15 thpprd￿d by tht ￿rd d Trub¢eoi iTrd •uth¢rfi•d l•-
bIh￿Ibr.
£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 <harides ¥tpari
their accoufflts accordafice with the Rnanciil Reportlng St3nd3rd ap￿ICable in UK and Republlc ol Ireland IFAS 10?) leffec(Ive I
Duiry 10191,. ReportlnE Stsffldard lol The Rtwng Sundard applicabh in tho UK ind RepublK ol IrelAnd' Ind the
CharfDes kn 2011. The sts¢emÈn¢s have been ¥epired under ¢he historial cost Convention.
I Income is ret08n￿ in the Ststement d linancial Activit￿5 once chlriry hi& •￿￿t￿ment to the knds. ri ￿ probable thJt thE
income ￿14 bo receivod and Etr￿ imwn¢ cln ￿ rneasurod relilbky.
Èxp4n(ItuV•
L￿bilitieS reco8niJed expEnditur2 15 Jooll there a le&zl or constr￿¢¢1¥1 oblipilon <omrniivni Ihc thadty to that fjxperdiiu￿,
l& probabk ihit i tTrnsfef ol bEllEli(s ￿11 bE rcgUlrt4 In and the amouni af th• obllBallon cin bt mqLsur•d
r4114tly. Eyp¢rdlTur* Is a¢rounied lor An iccruals basls and ha5 been clRiiifiod under heidiny tNIt h4fcpie ill c05t rdiEEd to the
catw. wh￿ c¢>su canrK>i b4 dIrKI￿ auribut•d to wro¢ulér headiw they h4vo boen allc<•ted to htt1vlr￿ on i coniist¢nf
ryth the USE ol rvswrces.
Tax￿￿0￿
Tho thlriiy is ¢x¢Tript from t4x on lu tharf1lb￿ ￿￿¥[￿e1.
Vnresthctod lufflds can bt us•d In i<ccfdirK• th• Cha￿￿bI* obl•ci1￿$ ai Eho dIscr0￿0￿ of tho fruic￿l.
ft•Jcrlc¢ed C*h Ohly be uied for pirtkulir re￿￿cted purPD￿l ¥￿thIffl the awocts ol thc chirlty. RwtrIC￿Qn$ irlse wh•ffl ip•c5ft4d
by rhe donor or whert funds Art for partlwk4r rèiEriCEtd purpo*i.
rthDr wlinitlon of the niture and Purpo￿ of eich fvnd li Induded In Ihe nows ie the fiDinclil 5urom•nt
P•nslon Costs •nd oth•r post•r•tlr•m•nt ￿n•fits
Th¢ <harlty opera¢ts i dehn44 CODID￿J¢bO￿ ponsion Khtmo. Con¢D￿rIon1 piyit4e to the chirlrfs penilM schEme ire (knr￿d to the
Statcrncnt ol Rn3nclal Ac￿￿1[el In thi perlod io which th4y r•lite.
TRUSTÉES. RÉMUNEMATION AND BENEFITS
Ihcfe w•r4 no lrU*t￿I. Ttmuncrallon Or othtsr btntlis f(Jr tho yL'ir rThdod 31 N•rch IQ24 norfor the y¢ar ondod 31 March 1021.
TrusL••5' èXPqTr5•5
Thèro w*ro no trtssLE4S' IMp•niy piid lor th¢ yur •nd•d 31 Mw'th 2024 norfor the yoir ondcd 31 March 2023.
STAFF COSTS
Tht avtrw mtsnthly number ol ern￿0>￿1 duriry the yur VAS li lollowi..
23
23
No ernployees recelved em￿ur￿*￿U In ex£e55 of <60.0W.
ntinLd...

4rtILfJ*rEh2Ql4
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
UnrqsthLt
INCOME AND ENDOV4MENTS Fftom
Charitabh
POL4
321.738
EXPENDITURE ON
Ch*Atabk 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 I￿ndS
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
UnvéitYlct*d fundj
G*nenl lund
83.8731
37.865
TOTAL FUNDS
321,738
1283.e731
37,ts5
A turr•h¢y••r11 rnonihs ind wlor>ur 12 months COM￿n•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
Cha￿table A<tiVitié£
Swimming less¢ns
SchgcAs
P*lviTe 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•ym*nt
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¢p4￿rI ind r•nqw415
1&498
R*cytlln¥ hy8Jonn
Wlware &
yrcdl & idmifj supportc￿tI
aink charzos
Actountsncy
Sundr￿1
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 & consu￿an
3.4S4
2.708
32a920
2￿,873
TrAal resourcqs expcnded
320.920
283.873
Net{•4D•ndl￿r•￿inCfjrn•
154,7501
37.865
This thx5 notlorm pirt oltht s&bJwfininclal itsternÈnts