settle - gov.uk
TRANSCRIPT
REGISTERED CHARITY NUMBER: 1171790
Report of the Trustees and
Financial Statements
for the Year Ended 31 March 2020
for
SETTLE AREA SWIMMING POOL
Haworths LimitedChartered Accountants
The Old Tannery
EastgateAccringtonLancashireBB5 6PW
SETTLE AREA SWIMMING POOL
Contents of the Financial Statementsfor the Year Ended 31 March 2020
Page
Chairperson's Report
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
2 to 3
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activities
7 to 12
13 to 14
SETTLE AREA SWIMMING POOL
Chairperson's Reportfor the Year Ended 31 March 2020
This year Settle Pool has continued to consolidate its operations pmviding a varied programme of activities and pursuing funding forits planned improvements to its building. This has been achieved by a loyal and stable group of staff supported by an active group oftrustees and over 50 volunteers fundraising in our charity shop and on paper recycling and helping with publicity.
Within the limits of our facilities we have tried to provide a varied and active programme of water based activity. Lane swimmingremains popular with a group of regular swimmers. Hydrolates and Aquafit sessions have developed a committed clientele and theGentle Exercise sessions remain a popular focus for people with health and fitness issues. We provide a facility for local holidaymakers over the holiday period particularly in poor weather, a regular inflatable session at weekends and in the holidays, and forchildren's parties and private hire.
We have long been a popular local resource for school swimming and children's swimming lessons. The standard of our teaching ishighly regarded. In March 2019 we received an award from the Royal Life Saving Society for providing lifesaving services as aregistered charity for 40 years. Swimming lessons remain an important and valuable part of our income generation.
In 2019/20 the running costs of the pool were subsidised by just over f10,000 generated by the fundraising shop. The Pool'sfundraising shop continues to be an unqualified success providing a much higher level of profit than initially expected, as well asacting as a focus for local support in the form of donations and volunteers. It requires substantial input from three of our trustees toachieve this success and over twenty volunteers who work in shifis to sort donations and keep the shop open. The fundraising shopraised f56,$10 in 2019/20. In addition to subsidising running costs this money has been used to build up the pool's reserves, both fora future capital project and for a rainy day.
The paper and recycling project which the pool took over from the Friends of Settle Pool last year raised f6,277 and the 200 clubf2,000. We are grateful for the hard work of the long serving loyal volunteers who work in all weathers to raise money through therecycling project and the individuals and businesses who support the project. The fall in world wastepaper prices is unfortunatelyhaving an effect on the returns from this activity.
At the close of the year we had finally completed the legal work to enable the transfer of the lease of the land that houses the pool toour CIO charity. The old charity has been dissolved and the lease with CIO was registered with the land registry in May 2020. In thecourse of this year North Yorkshire County Council (NYCC) has indicated it is willing to lease some of the land immediately behindthe pool to us and we await further clarification from NYCC about this.
Our trustee group gained four new members at our AGM in June and they have brought new energy and expertise to our Board.
Settle pool continues to enjoy strong community support from local people and businesses whether they swim or not and we benefitfrom the huge loyalty and support shown to us by our local communities and their organisations through their use of the pool, theirfundraising and donations, and volunteering.
The CIO membership, both individual and corporate, now stands at 235. Members can take out concessions for classes andswimming sessions and children's lessons. Many of our individual members support us as volunteers in our charity shop, wastepapercollection and in publicity and newsletter writing.
Throughout the past five years our Board of Trustees have been concerned to develop and improve the facilities we could otfer to thecommunity, understanding that new facilities will allow us to diversify the range of our activities and increase the income we cangenerate. The building has required increasing repair and refurbishment which continuafly diminishes our capital funds. In theAutumn this year our 45year old boilers became unreliable and we were forced to undertake a complete replacement by closing downfor a 3 week period over Xmas at a cost of f118,000.
We have undergone several attempts to develop plans and identify funding sources to undertake substantial improvements. Last yearwe reported on an application to Sport England for a substantial grant to help us to undertake a new build and throughout this yearwe have engaged with this funding body in various ways as it has assessed our fitness for grant aid. In February this year wesubmitted a full business plan to Sport England and await their decision. Our local fundraising efforts together with the considerablefunding support of the Friends of Settle Pool has meant that we have roughly half the funding we need to undertake thismodernisation.
At the close of this financial year the Pool is closed because of the Covid 19 crisis and afl our staff have been furloughed. It seems,like many others, we may be facing an uncertain future. Further information is provided in note 14 to the accounts.
Page I
SETTLE AREA SWIMMING POOL
Report of the Trusteesfor the Year Ended 31 March 2020
The trustees present their report with the financial statements of the charity for the year ended 31 March 2020. The trustees haveadopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitiespreparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective I January 2019).
OBJECTIVES AND ACTIVITIESObjectives and aimsTo promote for the benefit of the inhabitants of Settle and the surrounding area for the provision of facilities for recreation or otherleisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financialhardship or social economic circumstances or for the public at large in the interests of social welfare and with the object of improvingthe condition of life of the said inhabitants.
FINANCIAL REVIEWReserves policyThe trustees aim to maintain reserves at a level to provide year-on-year viability of the Pool's activities, usually between 20'lo and 40 eh
of the previous year's expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENTGoverning document and constitutionThe charity was established as a Charitable Incorporated Organisation and registered with the Charity Commission on 12 February2017.
REFERENCE AND ADMINISTRATIVE DETAILSRegistered Charity number1171790
Principal addressSettle Swimming PoolKendal RoadGiggleswickSettleYorkshireBD24 OBU
TrusteesP A Taylor ChairmanR Sanderson TreasurerR I CrossleyK A GallowayI Orton SecretaryB D AtkinsonC Hirst (appointed 1.7.19)M J Smith (appointed 1.7.19)R A Brown (appointed 1.7.19)K Mason (appointed 1.7.19)
Independent ExaminerMark Schofield BA FCAICAEWHaworths LimitedChartered AccountantsThe Old TanneryEastgateAccringtonLancashireBB5 6PW
EVENTS SINCE THE END OF THE YEARInformation relating to events since the end of the year is given in the notes to the financial statements.
Page 2
SETTLE AREA SWIMMING POOL
Report of the Trusteesfor the Year Ended 3I March 2020
Approved by order of the board of trustees on ...Xu..3... ..XQ........., and signed on its behalf by:
~ (ovP A Taylor - Trustee
Page 3
Independent Examiner's Report to the Trustees ofSettle Area Swimming Pool
Independent examiner's report to the trustees of Settle Area Swimming PoolI report to the charity trustees on my examination of the accounts of Settle Area Swimming Pool (the Trust) for the year ended31 March 2020.
Responsibilities and basis of reportAs the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of theCharities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out myexamination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statementSince your charity's gross income exceeded f250,000 your examiner must be a member of a listed body. I can confirm that I amqualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examinationgiving me cause to believe that in any material respect:
l.2.3.
accounting records were not kept in respect of the Trust as required by section 130 of the Act; orthe accounts do not accord with those records; orthe accounts do not comply with the applicable requirements concerning the form and content of accounts set out in theCharities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair viewwhich is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn inthis report in order to enable a proper understanding of the accounts to be reached.
Mark Schofield BA FCAICAEWHaworths LimitedChartered AccountantsThe Old TanneryEastgateAccringtonLancashireBB5 6PW
o..., ,'&4,Dc@et- ae oe
Page 4
SETTLE AREA SWIMMING POOL
Statement of Financial Activitiesfor the Year Ended 31 March 2020
Unrestricted
fund
Notes
Designatedcapital
fund
Restrictedfund
2020
Totalfunds
2019
Totalfunds
INCOME AND ENDOWMENTSFROMDonations and legacies 2 41,710 110,591 6,750 159,051 23,076
Charitable activitiesAdmission chargesMembershipOther Income
Other trading activitiesInvestment income
183,0356,8593,273
74,497242
183,0356,8593,273
74,497242
153,33810,327
76,63696
Total 309,616 110,591 6,750 426,957 263,473
EXPENDITURE ONRaising funds 8,318 8,318 21,714
Charitable activitiesDirect charitable expenditure
Other
232,886
1,765
123,384 2,394
1,962
358,664
3,727
216,876
3,727
Total 242,969 123,384 4,356 370,709 242,317
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
12
66,647
(20,000)
46,647
(12,793)
20,000
7,207
2,394 56,248 21,156
2,394 56,248 21,156
RECONCILIATION OF FUNDS
Total funds brought forward 73,321 56,398 10,414 140,133 118,977
TOTAL FUNDS CARRIEDFORWARD 119,968 63,605 12,808 196,381 140,133
The notes form part of these financial statements
Page 5
SETTLE AREA SWIMMING POOL
Balance Sheet31 March 2020
FIXED ASSETSTangible assets
Unrestrictedfund
Notes f
8 11,768
Designatedcapital
fund
Restrictedfund
5,282
2020
Totalfunds
f.
17,050
2019
Totalfunds
f
20,777
CURRENT ASSETSStocksDebtorsCash at bank and in hand
910
3,41750,31359,236 63,605 7,526
3,41750,313
130,367
3,4173,230
124,510
112,966 63,605 7,526 184,097 131,157
CREDITORSAmounts falling due within one year 11 (4,766) (4,766) (11,801)
NET CURRENT ASSETS 108,200 63,605 7,526 179,331 119,356
TOTAL ASSETS LESSCURRENT LIABILITIES 119,968 63,605 12,808 196,381 140,133
NET ASSETS 119,968 63,605 12,808 196,381 140,133
FUNDSUnrestricted funds:General fund
Designated capital fund
12
119,96863,605
73,32156,398
Restricted funds
TOTAL FUNDS
183,57312,808
196,381
129,71910,414
140,133
fd f f PP d tf I d f d d d fsigned o its behalfby:
and were
P A Taylor - T t
R Sanderson - Trustee
The notes form part of these financial statements
Page 6
SETTLE AREA SWIMMING POOL
Notes to the Financial Statementsfor the Year Ended 31 March 2020
ACCOUNTING POLICIES
Basis of preparing the financial statementsThe financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared inaccordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement ofRecommended Practice applicable to charities preparing their accounts in accordance with the FinancialReporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)',Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ofIreland' and the Charities Act 2011. The financial statements have been prepared under the historical costconvention.
Going concernAs explained in the notes below, since the year end the charity's operations have been affected by COVID-19.Accordingly, the results for the year ended 31 March 2021 have been negatively impacted.
The trustees have taken steps to mitigate the effect including reducing costs and taking advantage of governmentfunding. The trustees believe that the charity will have sufficien resources to continue as a going concern for aperiod of at least one year Irom the date of approval of these financial statements.
IncomeAll income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, itis probable that the income will be received and the amount can be measured reliably.
ExpenditureLiabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing thecharity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement andthe amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and hasbeen classified under headings that aggregate all cost related to the category. Where costs cannot be directlyattributed to particular headings they have been allocated to activities on a basis consistent with the use ofresources.
Tangible fixed assetsDepreciation is provided at the following annual rates in order to write off each asset over its estimated usefullife.
Plant and machinery 20% on cost
StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slowmoving items.
TaxationThe charity is exempt from tax on its charitable activities.
Fund accountingUnrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
The designated capital fund has been established by the trustees for future capital expenditure on the Pool. Thefund is unrestricted and can be used within the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Grants and donationsGrants and donations are recognised in the Statement of Financial Activities when entitlement is established.Grants and donations for specific purposes are included in restricted funds. Grants of a revenue nature for whichthere are no future performance-related conditions and costs are recognised as income in the period in which
they become receivable.
Page 7 continued. ..
SETTLE AREA SWIMMING POOL
Notes to the Financial Statements - continuedfor the Year Ended 31 March 2020
2. DONATIONS AND LEGACIES
Grants and donations
2020f
159,051
2019f
23,076
3. OTHER TRADING ACTIVITIES
Kiosk and vending sales
Shop salesPoolside advertising
2020f
3,04567,4044,048
2019f
10,11762,2694,250
74,497 76,636
4. INVESTMENT INCOME
Bank interest
2020
242
2019
96
5. RAISING FUNDS
Other trading activities
Shop and Kiosk costs
2020f
8,318
2019
21,714
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2020 nor for the year ended31 March 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2020 nor for the year ended 31 March 2019.
STAFF COSTS
The average monthly number of employees during the year was as follows:
Pool staff and administration2020
222019
22
No employees received emoluments in excess of f60,000.
Page 8 continued. ..
SETTI.E AREA SWIMMING POOL
Notes to the Financial Statements - continuedfor the Year Ended 31 March 2020
8. TANGIBLE FIXED ASSETSPlant and
machinery
COSTAt 1 April 2019 and 31 March 2020 26, 182
DEPRECIATIONAt 1 April 2019Charge for year
At 31 March 2020
NET BOOK VALUEAt 31 March 2020
At 31 March 2019
5,4053,727
9,132
17,050
20,777
9. STOCKS
Stocks
2020f.3,417
2019f
3,417
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtorsVATPrepayments and accrued income
2020
7,0865,701
37,526
50,313
2019f1,550
1,680
3,230
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditorsTaxation and social securityOther creditors
2020
866
3,900
2019
1,9723,2436,586
4,766 11,801
Page 9 continued. ..
SETTLE AREA SWIMMING POOL
Notes to the Financial Statements - continuedfor the Year Ended 31 March 2020
12. MOVEMENT IN FUNDS
Unrestricted fundsGeneral fund
Designated capital fund
Restricted fundsGrants & donations
At 1.4.19f
73,32156,398
129,719
10,414
Netmovement
in funds
66,647(12,793 )
53,854
2,394
Transfers
betweenfunds
(20,000)20,000
At31.3.20
119,96863,605
183,573
12,808
TOTAL FUNDS 140,133 56,248 196,381
Net movement in funds, included in the above are as follows:
Unrestricted fundsGeneral fund
Designated capital fund
Restricted fundsGrants th donations
Incomingresources
309,616110,591
420,207
6,750
Resourcesexpended
(242,969)(123,384)
(366,353 )
(4,356)
Movementin funds
66,647(12,793)
53,854
2,394
TOTAL FUNDS 426,957 (370,709) 56,248
Comparatives for movement in funds
Unrestricted fundsGeneral fund
Designated capital fund
At 1.4.18f
45,90460,000
Netmovement
in funds
6
27,417(3,602)
At31.3.19
f
73,32156,398
Restricted fendsGrants k donations
105,904
13,073
23,815
(2,659)
129,719
10,414
TOTALFUNDS 118,977 21,156 140,133
Page 10 continued. ..
SETTLE AREA SWIMMING POOL
Notes to the Financial Statements - continuedfor the Year Ended 31 March 2020
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted fundsGeneral fund
Designated capital fund
Restricted fundsGrants & donations
Incomingresoul'ces
263,42152
263,473
Resourcesexpended
f
(236,004)(3,654)
(239,658)
(2,659)
Movement
in funds
6
27,417(3,602)
23,815
(2,659)
TOTAL FUNDS 263,473 (242,317) 21,156
A current year 12 months and prior year 12 months combined position is as follows:
At 1.4.18
Netmovement
in funds
Transfersbetween
funds
At31.3.20
Unrestricted fundsGeneral fund
Designated capital fund
Restricted fundsGrants &. donations
45,90460,000
105,904
13,073
94,064(16,395)
77,669
(265)
(20,000)20,000
119,96863,605
183,573
12,808
TOTALFUNDS 118,977 77,404 196,381
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Incomingresources
Resourcesexpended
Movementin funds
Unrestricted fundsGeneral fund
Designated capital fund
Restricted fundsGrants & donations
573,037110,643
683,680
6,750
(478,973)(127,038)
(606,011)
(7,015)
94,064(16,395)
77,669
(265)
TOTALFUNDS 690,430 (613,026) 77,404
Restricted FundsThe restricted funds represent the remaining value of various grants and donations which were made to the unincorporatedcharity 523831.Restrictions arose on the original receipt of the grants and donations.
The restricted funds are represented by the written down value of certain tangible assets of f5,282 and cash at bank of 67,526.The trustees expect the remaining funds to be utilised, within the terms of the original restriction, in the near future.
Page 11 continued. ..
SETTLE AREA SWIMMING POOL
Notes to the Financial Statements - continuedfor the Year Ended 31 March 2020
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2020.
14. POST BALANCE SHEET EVENTS
The charity's operations have been affected by COVID-19 with all operations, except online shop sales, ceasing for a period oftime. In line with government guidelines the pool remains closed, however the charity shop reopened on 16th June 2020. It islikely that when the pool reopens capacity will be reduced.
The trustees have taken steps to mitigate the effect including reducing costs and taking advantage of government and thirdparty funding.
The trustees are confident that the company will have sufficient resources to continue as a going concern.
15. GUARANTEE
The Charitable Incorporated Organisation has given a guarantee to the trustees of the unincorporated charity (523831)indemnifying them against any claims which may be made against that unincorporated charity.
16. LEASEHOLD PROPERTY
At the balance sheet date all necessary legal procedures had been completed to enable the transfer of the lease from theunincorporated charity Settle Area Swimming Pool (523831).The lease was registered in the name of the CIO in May 2020.
Page 12
SETTLE AREA SWIMMING POOL
Detailed Statement of Financial Activitiesfor the Year Ended 31 March 2020
Unrestricted
funds
f
Restrictedfunds
2020Totaifunds
f
2019Totalfunds
INCOME AND ENDOWMENTS
Donations and legaciesGrants and donations
Other trading activitiesKiosk and vending salesShop salesPoolside advertising
152,301
3,04567,4044,048
74,497
6,750 159,051
3,04567,4044,048
74,497
23,076
10,11762,2694,250
76,636
Investment incomeBank interest 242 242 96
Charitable activitiesAdmission chargesSubscribersMiscellaneous receipts
183,0356,8593,273
183,035
6,8593,273
153,33810,327
Total incoming resources
193,167
420,207 6,750
193,167
426,957
163,665
263,473
EXPENDITURE
Other trading acthitiesShop costs
Charitable activitiesRent and ratesInsurance
Gas and electricityWater costsTelephoneRepairsChemicals and pool suppliesStaff costsTrainingAdvertising and promotionSubscriptionDevelopment costsSundry expenses
8,318
9,7626,265
29,2131,811
678140,254
5,248119,592
3,741788557
4,486
322,395
275
319
594
8,318
9,762
6,26529,213
1,811678
140,5295,248
119,5923,741
1,107557
4,486
322,989
21,714
(695)5,979
26,3715,430
59021,9643,196
117,6021,566
910412
3,654611
187,590
OtherPlant and machinery depreciation 1,765 1,962 3,727 3,727
This page does not form part of the statutory financial statements
Page 13
SETTLE AREA SWIMMING POOL
Detailed Statement of Financial Activitiesfor the Year Ended 31 March 2020
Support costs
Unrestricted
funds
Restricted
fll lid s
2020Totalfunds
f.
2019Totalfunds
Governance costsStaff costsAccountancy and legal feesAdministration costsProfessional feesIndependent examiners feeBank charges
25,9051,221
7953,9001,250
804
1,80025,905
3,021
795
3,9001,250
804
20,3303,3011,8961,6081,250
901
Total resources expended
Net income
33,875
366,353
53,854
1,800
4,356
2,394
35,675
370,709
56,248
29,286
242,317
21,156
This page does not form part of the statutory financial statements
Page 14