Carnforth Community Swimming Pool Ltd - Charities report

REGISTERED COMPANY NUMBER: 10971332 (England and Wales)

REGISTERED CHARITY NUMBER: 1176769

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CARNFORTH COMMUNITY SWIMMING POOL LTD

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

14

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To operate the Carnforth Community Swimming Pool for the benefit of all members of the public to include in particular, promoting the leisure, health and safety benefits of swimming for all ages, and especially teaching young persons to swim.

Achievement and Performance

There was increased Pool utilisation through the 2024 year, along with the building extension coffee shop becoming recognised for its various uses, to include birthday party guests seeing their children on the giant pool inflatable through the viewing window, and the dual purpose of it being used as a lecture theatre for training of lifeguards and swimming teachers.

All of the good progress comes from the enthusiasm of staff who contribute very significantly to offering a wide variety of activities, especially for over twenty primary schools bringing youngsters for swimming and water safety lessons.

FINANCIAL REVIEW

The 2024 year continued to enjoy good Pool utilisation seven days a week, to include over twenty primary schools bringing pupils for swimming and water safety lessons, resulting in £99,484 income that was a significant portion of the £373,003 for total swimming activities.

Grant funding, public support and Pool reserves enabled the building extension commenced in September 2023 to be completed in May 2024, the extended building expenditure at 31 Dec 2024 was £257,861.

Other aspects such as utility costs, namely gas that fell by £510 and electricity that decreased by £12,283 resulting in a £12,793 decrease year on year.

For the year ended 31 December 2024:

Income and Expenditure

In terms of income:

1. Donations of £6,325 were received.

2. Gift aid of £4,121 was received.

3. Grants of £93,725 were received

4. Swimming activities generated income of £267,427.

Total incoming resources was £373,003.

The expenditure figures comprise:

1. The main expense is Wages (£61,676) and Lifeguards and instructors (£73,166) totalling (£134,842).

2. Coach hire of £34,529 covers the cost of transporting school children to and from the pool.

3. Cost of refurbishment and repairs were £2,925.

The total resources expended was £257,119.

Total incoming resources exceeded resources expended by £115,884.

Balance Sheet

As detailed above with incoming resources exceeding resources expended by £115,884 the carried forward reserves amount to £248,009. See note 12.

Bank balances totalled £15,170.

The reserves are managed to fulfil the objectives of the Charity.

The trustees consider this to be a healthy financial position.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

10971332 (England and Wales)

Registered Charity number

1176769

Registered office

Carnforth Community Swimming Pool

Kellet Road

Carnforth

Lancaster

Lancashire

LA5 9LS

Trustees

Mr J Blowes MBE Chartered Engineer

Mrs E J Paul Manager (resigned 9/8/2025)

Mr J M Grisenthwaite Retired

Mrs H Clarke Manager (resigned 27/4/2025)

D Downes (appointed 5/3/2025)

Independent Examiner

Sarah Flynn FCA

RfM Fylde Limited

Unit 1D River View

96 High St

Garstang

Preston

Lancashire

PR3 1WZ

Approved by order of the board of trustees on 26 September 2025 and signed on its behalf by:

Mr J Blowes MBE - Trustee

Independent examiner's report to the trustees of Carnforth Community Swimming Pool Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	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

4.

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 (FRS 102)).

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.

Sarah Flynn FCA

RfM Fylde Limited

Unit 1D River View

96 High St

Garstang

Preston

Lancashire

PR3 1WZ

Date: .............................................

2024

2023

Unrestricted

Restricted

Total

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

10,446

93,725

104,171

65,170

Other trading activities

2

267,427

-

267,427

262,722

Investment income

3

1,405

-

1,405

838

Total

279,278

93,725

373,003

328,730

EXPENDITURE ON

Charitable activities

Charitable

255,680

-

255,680

273,304

Other

1,439

-

1,439

-

Total

257,119

-

257,119

273,304

NET INCOME

22,159

93,725

115,884

55,426

Transfers between funds

12

95,069

(95,069

)

-

Net movement in funds

117,228

(1,344

)

115,884

55,426

RECONCILIATION OF FUNDS

Total funds brought forward

129,506

2,619

132,125

76,699

TOTAL FUNDS CARRIED FORWARD

246,734

1,275

248,009

132,125

2024

2023

Unrestricted

Restricted

Total

funds

Notes

£

FIXED ASSETS

Tangible assets

8

281,449

-

281,449

121,589

CURRENT ASSETS

Debtors

9

2,051

-

2,051

1,110

Cash at bank and in hand

14,020

1,275

15,295

25,362

16,071

1,275

17,346

26,472

CREDITORS

Amounts falling due within one year

10

(50,786

)

-

(50,786

)

(15,936

)

NET CURRENT ASSETS

(34,715

)

1,275

(33,440

)

10,536

TOTAL ASSETS LESS CURRENT LIABILITIES

246,734

1,275

248,009

132,125

NET ASSETS

246,734

1,275

248,009

132,125

FUNDS

12

Unrestricted funds

246,734

129,506

Restricted funds

1,275

2,619

TOTAL FUNDS

248,009

132,125

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr J Blowes MBE - Trustee

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting 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 of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with 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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	OTHER TRADING ACTIVITIES

2024

2023

£

Lifeguard training

5,671

3,825

School swimming

99,484

98,090

Group swimming

9,560

8,255

Goods for resale

8,589

9,020

Public swimming

144,123

143,532

267,427

262,722

3.	INVESTMENT INCOME

2024

2023

£

Deposit account interest

1,405

838

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024

2023

£

Depreciation - owned assets

3,379

3,106

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

6.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2024

2023

Full and part time

3

No employees received emoluments in excess of £60,000.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

12,170

53,000

65,170

Other trading activities

262,722

-

262,722

Investment income

838

-

838

Total

275,730

53,000

328,730

EXPENDITURE ON

Charitable activities

Charitable

272,606

698

273,304

NET INCOME

3,124

52,302

55,426

Transfers between funds

49,683

(49,683

)

-

Net movement in funds

52,807

2,619

55,426

RECONCILIATION OF FUNDS

Total funds brought forward

76,699

-

76,699

TOTAL FUNDS CARRIED FORWARD

129,506

2,619

132,125

8.	TANGIBLE FIXED ASSETS

Long

Plant and

leasehold

machinery

Totals

£

COST

At 1 January 2024

103,988

28,252

132,240

Additions

153,873

9,366

163,239

At 31 December 2024

257,861

37,618

295,479

DEPRECIATION

At 1 January 2024

-

10,651

Charge for year

-

3,379

At 31 December 2024

-

14,030

NET BOOK VALUE

At 31 December 2024

257,861

23,588

281,449

At 31 December 2023

103,988

17,601

121,589

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Prepayments and accrued income

2,051

1,110

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other loans (see note 11)

40,975

15,000

Social security and other taxes

902

(8,924

)

Pension control account

256

237

Accrued expenses

8,653

9,623

50,786

15,936

11.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

Amounts falling due within one year on demand:

Other loans

40,975

15,000

12.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1/1/24

in funds

funds

31/12/24

£

Unrestricted funds

General fund

106,888

21,805

105,616

234,309

Sinking fund

22,618

-

(10,193

)

12,425

New extension

-

354

(354

)

-

129,506

22,159

95,069

246,734

Restricted funds

New extension

-

93,725

(93,725

)

-

Power to Change

2,619

-

(1,344

)

1,275

2,619

93,725

(95,069

)

1,275

TOTAL FUNDS

132,125

115,884

-

248,009

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

278,336

(256,531

)

21,805

New extension

942

(588

)

354

279,278

(257,119

)

22,159

Restricted funds

New extension

93,725

-

93,725

TOTAL FUNDS

373,003

(257,119

)

115,884

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1/1/23

in funds

funds

31/12/23

£

Unrestricted funds

General fund

54,081

1,409

51,398

106,888

Sinking fund

22,618

-

22,618

New extension

-

1,715

(1,715

)

-

76,699

3,124

49,683

129,506

Restricted funds

New extension

-

48,000

(48,000

)

-

Power to Change

-

4,302

(1,683

)

2,619

-

52,302

(49,683

)

2,619

TOTAL FUNDS

76,699

55,426

-

132,125

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

266,471

(265,062

)

1,409

New extension

9,259

(7,544

)

1,715

275,730

(272,606

)

3,124

Restricted funds

New extension

48,000

-

48,000

Power to Change

5,000

(698

)

4,302

53,000

(698

)

52,302

TOTAL FUNDS

328,730

(273,304

)

55,426

A current year 12 months and prior year 12 months combined position is as follows:

Net

Transfers

movement

between

At

At 1/1/23

in funds

funds

31/12/24

£

Unrestricted funds

General fund

54,081

23,214

157,014

234,309

Sinking fund

22,618

-

(10,193

)

12,425

New extension

-

2,069

(2,069

)

-

76,699

25,283

144,752

246,734

Restricted funds

New extension

-

141,725

(141,725

)

-

Power to Change

-

4,302

(3,027

)

1,275

-

146,027

(144,752

)

1,275

TOTAL FUNDS

76,699

171,310

-

248,009

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

544,807

(521,593

)

23,214

New extension

10,201

(8,132

)

2,069

555,008

(529,725

)

25,283

Restricted funds

New extension

141,725

-

141,725

Power to Change

5,000

(698

)

4,302

146,725

(698

)

146,027

TOTAL FUNDS

701,733

(530,423

)

171,310

Restricted Income Funds

These comprise funds designated for specific purposes as highlighted above.

Unrestricted Income Funds

General Fund

The general unrestricted fund represents free funds of the charity which can be applied at the discretion of the trustees.

Designated Sinking Fund

The designated Sinking Fund represents funds from Lancashire County Council that the trustees have put aside from general funds to aid cash flow in the first year.

13.	OTHER FINANCIAL COMMITMENTS

The building and swimming pool are on a 125 year lease from Lancashire County Council with an annual peppercorn rent.

14.	RELATED PARTY DISCLOSURES

During the year, the Charity entered into an arrangement with one of the Trustees, Mr John Blowes, whereby Mr Blowes loaned £40,000 to the Charity with interest chargeable at 3.5% per annum, charged monthly on unpaid principal.

The total interest charged during the year, and payable to Mr Blowes was £1,439.00, with repayments made by the Charity totalling £464.11, leaving the balance of the monies owed to Mr Blowes at the year end as £40,974.89.