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2023-09-30-accounts

Trustees' Annual Report for the period

Period start date

Period end date

From 1 Oct 2022 To

30 Sept

2023

Section A Reference and administration details

Charity name

WOBURN LIDO

Other names charity is known by

Registered charity number (if any) 300084

Charity's principal address

Crawley Road, Woburn, Milton Keynes, Central Bedfordshire Postcode MK17 9QD

Names of the charity trustees who manage the charity

5 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or
body) entitled to
appoint trustee (if any)
MURRAY HEINING Chairman & Treasurer
DANIEL JONES Appointed 8 January 2023

Names of the trustees for the charity, if any, (for example, any custodian trustees)

N/A

Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

N/A

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information) N/A

TAR

March 2012

1

Section B Structure, governance and management

Description of the charity’s trusts

Trustee selection methods Appointed by Management Committee/Trustees (eg. appointed by, elected by)

Section C Objectives and activities

To provide a first-class outdoor swimming facility that makes a positive Summary of the contribution to the Community, and to the health and wellbeing of the residents objects of the of Woburn and the surrounding area. charity set out in its governing document

Summary of the main activities The residents of Woburn and the surrounding areas continued to benefit from a undertaken for local open air pool that was open all year. the public benefit in The Trustees and Committee of Management in operating the Lido paid due relation to these regard to the Charity Commission’s Guidance on Public Benefit. objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

TAR

March 2012

2

Section D Achievements and performance The year to September 2023 maintained the step change increase in takings Summary of the arising from the introduction of a new pre-booking and advance payment main software system to book slots to ensure strict Covid compliance. previously achievements takings were highly dependent on the weather with cash admission charges on of the charity the day. during the year The successful development of Cold Water Swimming [CWS] was the main driver of a record level of Footfall of over 30,000 in the year with the 8 month CWS season up 77% to over 12,000 while the 4 month Summer Season rose 6% to nearly 18,000. The recruitment of a full-time Pool Manager, a previous Life Guard, did not work out. He left at the end of the CWS season which incurred a loss despite the increased Takings due to costs more than doubling, manager employment costs contributing to 60% of the costs increase. CWS Lifeguard costs were anticipated to decrease due to the Manager but their charges rose 20%. Overall there was a CWS Deficit of £7.7k. Summer season costs were also higher, by around 20%, mainly due to Repairs and Maintenance up 80% to £12.7k, including £4k electrical works so that the Summer season surplus fell by 35%, to £25.9k. In addition, Exceptional equipment costs of £62k, mainly new heaters gave rise to an overall Deficit of £43.8k for the year. Further Exceptional costs have been incurred since year end, mainly on a new Timber Cabin which provides a social area for swimmers which has been very well received. Since the year end, CWS takings are continuing to increase. The Lido has enjoyed numerous positive reviews not least due to our professional band of contract lifeguards and the increased tireless work of the Trustee Chairman.

Section E Financial review Financial review Financial review
Brief
statement of
the charity’s
policy on
reserves
Details of any
funds materially
in deficit		 The higher takings in the years since Covid saw Cash Reserves build up to over
four times previous levels enabling investment in plant upgrades and customer
facilities whilst retaining sustainable Cash Reserves which at year end were
£95.2k down from £139.2k due to Exceptional costs.
Further investments in facility improvements will be made only where it is clear
that Reserves will not be eroded to a level that potentially compromises the long-
term sustainability of the Lido.
N/A

Section F Other Optional In formation

Section G Declaration

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Murray Heining 30 January 2024 Position) Chairperson & Treasurer Date

TAR

March 2012

3

WOBURN LIDO
 WOBURN LIDO
 WOBURN LIDO
 WOBURN LIDO
 300084 300084 300084
For the period 01-Oct-22
Period start
d t		 To 30-Sep-23
Period end date
|
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £		 Restricted
funds
to the nearest £		 Endowment
funds
to the nearest £		 Total funds
to the nearest £		 Last year
to the nearest £
110,803
18,013
750
-
-
-
129,566
-
129,566
8,438
13,290
30,352
1,717
8,418
15,012
1,906
1,985
- 0
- 0
4,177
85,294
-
85,294
44,272
-
94,789
139,061
Swimming Pool Admissions 130,073 - - 130,073 110,803
Refreshments sales 17,813 17,813 18,013
Grants - - - - 750
Donations - - - - -
Fund raising events - - - - -
- - - - -
Sub total(Gross income for AR) 147,886 - - 147,886 129,566
A2 Asset and investment sales, -
Sub total - - - -
Total receipts
A3 Payments
147,886 - - 147,886 129,566
8,605
28,122
35,277
2,030
66,199
19,541
21,879
3,214
-
2,000
4,861		 8,605
28,122
35,277
2,030
66,199
19,541
21,879
3,214
-
2,000

4,861

Refreshments cost of sales		 8,605 - - 8,605 8,438
Repairs and Maintenance 28,122 28,122 13,290
LifeguardFees 35,277 35,277 30,352
Insurance 2,030 2,030 1,717
Equipment & Facilities 66,199 66,199 8,418
Utilities 19,541 19,541 15,012
Employemnt costs 21,879 21,879 1,906
Course Tutor Fees 3,214 3,214 1,985
Trustee expenses - - - 0
DONATIONS 2,000 - - 2,000 - 0
Card Machine Fees 4,861 -
-
4,861		 4,177
**Sub total ** 191,729 - - 191,729 85,294
A4 Asset and investment purchases
**Sub total ** - - - - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this period end
191,729 - - 191,729 85,294
1
(43,843)
0
21,459
117,602
(43,843)
-
-
-
(43,843)
(21,459) - -
117,602 21,459 139,061 94,789
95,218 -
-
95,218		 139,061
Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
Signed by one or two trustees on behalf of all
the trustees
B1 Cash funds
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the charity’s
own use
B5 Liabilities		 Details Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Endowment
funds
to nearest £
Natwest 95,218 0
-
- - -
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 95,218 - -
OK OK
Restricted funds
to nearest £
Cost (optional)
-
-
Cost (optional)
-
-
-
Amount due
(optional)
958
-
Heining
Name		 OK
Endowment
funds
to nearest £
-
-
Current value
(optional)
-
-
Current value
(optional)
-
-
-
When due
(optional)
Date of
approval
30-Jan-24
Unrestricted
funds
to nearest £
-
-
Details Fund to which asset
belongs
-
-
Details Fund to which asset
belongs
-
-
-
Details Fund to which
liability relates
Unrestricted
100 Club Restricted 958
-
Signature Print
Date of
approval
Murry Heining 30-Jan-24

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

----- Start of picture text -----
Charity Name
Report to the trustees/
Woburn Lido
members of
30 September 2023 Charity no 300084
On accounts for the year
(if any)
4
ended
----- End of picture text -----

Set out on pages

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/09/2023

As the charity trustees, you are responsible for the preparation of the Responsibilities and accounts in accordance with the Charities Act 2011 (“the Act”). basis of report

I report in respect of my examination of the Trust’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 Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Signed:
Name:
Relevant professional qua
(if any):		 S F Hill Date: 30/01/24
Stephen Hill
lification(s) or body
ACA (Retired)
B.A. Hons
M.Sc. Econ & Finanace
10 East Lodge
Marine Parade East
Lee on the Solent, PO13 9LA

Address:

IER

1

October 2018

Section B Disclosure

Give here details of any Not Applicable that the examiner wishes disclose .

items to

October 2018

IER

2