SETTLE - GOV.UK

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


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


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


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


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


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


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


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. ..


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.


SETTI.E AREA SWIMMING POOL


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




12. MOVEMENT IN FUNDS

Unrestricted fundsGeneral 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:



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



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




12. MOVEMENT IN FUNDS - continued

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




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



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




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.




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


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


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

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