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Portishead Pool Community Trust |
For the year ended 04 April 2023
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 04 April 2023
Portishead Pool Community Trust
Contents Page
1 to 6
Report of the Trustees
7
Independent Examiner's Report to the Trustees
8
Statement of Financial Activities
9
Statement of Financial Position
10 to 18
Notes to the Financial Statements
3
For the year ended 04 April 2023
Portishead Pool Community Trust
Report of the Trustees
The trustees, who are also directors of the charity for the purposes of the Companies Act, present their annual report |
together with the independently examined financial statements of Portishead Pool Community Trust (the 'charitable |
company') for this accounting period ended 4 April 2023. The trustees have adopted the provisions of Accounting and |
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with |
the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). |
The report of the trustees has been prepared in accordance with the special provisions of Part 415A of the Companies Act |
2006 relating to small companies. |
The charitable company is also known under the name Portishead Open Air Pool ('the Pool'). |
Our charity's purposes (objects) as set out in the objects in our Memorandum of Association are: |
In accordance with the Recreational Charities Act 1958, to promote for the benefit of the inhabitants of Portishead and the |
surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have a need of |
such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances |
or for the public at large in the interests of social welfare and with the object of improving the condition of life of such |
inhabitants. |
The trustees identified a number of aims relating to these objects when the charity was set up in 2009. These aims were |
outlined in the original business plan for the Pool. Trustees continue to update the Business Plans and the five aims set by |
the Board for the 2023-2028 period are: |
Aim 1 Ensure the pool and cafe stay open |
Aim 2 Enhance the pool and cafe facilities |
Aim 3 Strengthten partnership and communication |
Aim 4 Establish sustainablel energy and staff approaches |
Aim 5 Manage more strategically, efficiently and effectively |
The strategic aims will be achieved by addressing a number of objectives which will build on historic performance and |
achievements and also take into account feedback from consultation exercises and other research. |
b.ENSURING OUR WORK DELIVERS OUR AIMS |
We review our aims, objectives, and activities each year to ensure they remain focused on our stated purposes. We refer to |
the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and |
objectives and in planning our future activities. |
ACTIVITIES FOR MEETING OBJECTIVES |
a.TO MEET THE SWIMMING AND LEISURE RELATED NEEDS OF ALL GROUPS IN THE LOCAL AND WIDER |
COMMUNITY |
Post pandemic the Pool and café have opened fully. Swimming and customer numbers are returning to levels seen |
pre-pandemic. The tuckshop, in the pool, has reopened. |
b.TO SECURE THE LONG-TERM FUTURE OF THE POOL BY MAINTAINING ITS FINANCIAL VIABILITY AND FINANCIAL |
MANAGEMENT POLICIES |
The charitable company regularly reviews its financial controls and management systems. It aims to operate in a way that |
meets Charity Commission, company and other relevant regulatory requirements. It uses regular budgetary controls, cash |
flow and pricing reviews to support decision making, to ensure it is competitive and continues to meet its Business Plans |
objectives into the future. |
1 of 18
4
For the year ended 04 April 2023
Portishead Pool Community Trust
Report of the Trustees Continued
c.TO ENSURE WE RETAIN LOCAL SUPPORT, THROUGH A STRONG SENSE OF COMMUNITY INTERACTION |
We aim to be open and accountable in operating the pool on behalf of local people, through communication with our |
community. During the year, we have kept the community informed about developments at the pool, and have established |
strong working relationships with the local media, Portishead Town Council and community enterprises. |
We communicate with the community and members through the pool's website, social media, email and working with local |
schools and other groups. We have held members group meetings to inform and seek feedback on strategic policy. |
d.TO MAINTAIN AND DEVELOP THE POOL SITE AND BUILDINGS, AT LEAST IN LINE WITH LEASE REQUIREMENTS |
We spent approximately £29,000 (2022: £23,000) in the period on site and buildings upgrades, maintenance and new |
equipment. We continue to spend on improvements and site maintenance, and have forward looking capital expenditure |
plans to enhance the pool and infrastructure and improve customers experience. |
e.TO PROVIDE A WORKING ENVIRONMENT THAT VALUES AND DEVELOPS ALL ITS PEOPLE TO ENSURE BUSINESS |
SUCCESS, WHILST BEING INCLUSIVE AND PARTICIPATIVE |
We aim to recruit, train and retain motivated, qualified, flexible and empowered lifeguard and cafe staff. We enhance the |
skills of staff by providing excellent training opportunities and we encourage them to give feedback to improve the operation |
of the pool and cafe. We also encourage full staff and volunteer participation in the running and success of the pool and |
cafe. We also aim to offer high quality training and support to all operational volunteers. |
We are an equal opportunity organisation, aiming to reflect the diversity of our community, and are committed to a working |
environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, belief, sex, sexual |
orientation or disability. We aim to make reasonable adjustments to meet the needs of staff who are or become disabled. |
a.TO OPERATE THE POOL FACILITIES, BUILDINGS AND ACTIVITIES, FOLLOWING CURRENT INDUSTRY AND BEST |
PRACTICE GUIDELINES |
Health and Safety is a priority for the charitable company and we engage in the services of external Health and Safety |
professionals for advice, testing and guidance. We also obtain DBS checks for all paid pool staff. We regularly train all staff |
in operational matters, following industry best practice guidelines. |
b.TO REDUCE OUR ENVIRONMENTAL IMPACT |
Whilst we offer a heated open air pool, our biomass boiler means that we seek to operate the pool in with a reduced carbon |
footprint. Without a suitable supply of completely green energy, an oil-fuelled boiler still has to be used from time to time, |
when a boost of heat is needed or when the biomass boiler is serviced. We aim to keep our chemical impact as low as |
possible using modern testing equipment. |
Trustees are aware of the carbon impact of heating the pool and we continue to investigate and evaluate alternate heating |
technologies. We recycle and encourage more recycling, where possible. |
c.OPERATE IN A WAY THAT MEETS ITS CHARITY AND COMPANY REGISTRATION OBLIGATIONS |
The trustees and management team continually review operations and governance, in order to meet their charity and |
company registration obligations. This is covered in more detail in the Structure, Governance and Management section. |
We continue to review our offerings to the public and community, in order to encourage, support and grow swimming activity. |
We were able to offer school swim gala's, after summer season cold water swimming, moonlight swims, open air cinema, |
Halloween events and the popular 'Popsicle', and heated Christmas swimming. We aim to be accessible to all groups so our |
2 of 18
5
For the year ended 04 April 2023
Portishead Pool Community Trust
Report of the Trustees Continued
pricing is set so as to make swims competitive with our nearest competitors, and within the reach of all income brackets. |
We are self-reliant on swim income generating activities, fundraising and income derived from Café Lido operations. As a |
result of careful cost management in the period, the Trust remains in a sound financial position, with sufficient reserves to |
meet expected normal expenditure and make some provision for future site improvement. |
A summary of key financial results is set out below: |
Total Incoming Resources 361,054 318,125 |
Net Movement in Funds (Unrestricted) 61,419 86,394 |
Net Movement in Funds (Total) 50,158 80,178 |
The 'Net Movement in Funds (Unrestricted)' represents the result from operating the pool, together with revenues and costs |
related to the café. As a charity, we are mindful of the fact that all income must be applied towards the Trust's charitable |
objects, that is, we must plough all income back into the pool. We benefit from reduced business rates on the property we |
occupy for our charitable purposes. The financial benefits we receive from these tax exemptions are all applied towards our |
objectives. However, we are unable to reclaim VAT input tax on our Pool costs as we are exempt for VAT purposes. In |
addition to the substantial benefits our pool brings to the local community, we create a social asset without cost to the |
Exchequer. |
The pool and now the community café, continue to be highly valued by members of the Portishead community, and are seen |
as a prime example of a voluntary organisation in action. We continue to benefit from considerable support in the media. |
Volunteers are an essential contributor to the pool and cafe's success throughout the year. |
Thousands of volunteer hours are provided over the course of a normal year, supporting the pool's open season, running the |
café, painting, refurbishing, and upgrading the pool premises, plus managing the various sub-committees and management |
teams. The time value of hours given by the volunteers is not readily quantifiable yet is the primary reason for the site's |
sustained viability and improvement. |
Customer feedback tells us that the tuck-shop and café and the volunteers who manage them are greatly appreciated. We |
are very grateful for the unstinting efforts of all our volunteers, both those who are involved in day-to-day service provision, |
and those who work behind the scenes. Communication and feedback with volunteers and supporters is important and we |
continue to use a number of different channels through which volunteers and supporters can find out about the Trust's |
operations and business. |
We continue to review the staffing model for the site. We aim to align our employed roles and related employment contracts |
with the needs of the business, reflecting the seasonality of our operations and the influence of weather conditions on day to |
day trading. |
e.THE LONG-TERM FUTURE OF THE POOL |
In 2009, we negotiated a 99 year lease with North Somerset Council for the use of the pool site, and all of our efforts are on |
a long term basis. The view of the trustees is that the pool should continue to operate indefinitely, provided it is still needed |
by the community. |
The lease has been granted by North Somerset Council on a peppercorn rent until 2020. Thereafter, the landlord will be |
entitled to a share of any excess profits made by the pool operations. In accordance with the terms and provisions set out in |
the lease, Annual Profit Rent will be payable from 2020 trading year, based on previous years' profit after all contributions to |
3 of 18
6
For the year ended 04 April 2023
Portishead Pool Community Trust
Report of the Trustees Continued
STRUCTURE, GOVERNANCE AND MANAGEMENT |
The charitable company is registered as a company limited by guarantee incorporated on 13 November 2008 and is a |
registered charity, number 1129732. In the event of the company being wound up, members are required to contribute an |
amount not exceeding £10. |
a.BOARD OF DIRECTORS/TRUSTEES |
The trustees, who are also directors of the company, are responsible for the overall management and control of the |
charitable company and meet formally once a month throughout the year. Additional ad hoc meetings are called as needed. |
All trustees give of their time freely. |
The articles of association specify the company structure, which includes both members of the company and trustees, who |
are directors of the board. There are currently no bodies that are automatically entitled to nominate directors to the board. |
New trustees are identified from amongst the members of the charitable company, including those attending the annual |
meeting. When a particular expertise is required an open recruitment process is followed. |
New trustees are directed to the Charity Commission's website for guidance about becoming a trustee. A Code of Conduct |
for trustees has been drawn up, together with job descriptions for trustees in general, and for the three following posts: Chair, |
Finance Director, and Secretary. New trustees are provided with various induction materials following good practice |
guidelines set out by the Charity Commission and the National Council for Voluntary Organisations. |
b.ORGANISATIONAL STRUCTURE AND MANAGEMENT |
The trustees determine the general direction, strategy, and ethos of the pool. |
The day-to-day running of the pool has been delegated to the Pool Management Team, comprising trustees involved in |
premises/operations; health and safety; and HR, and the operational team of retained seasonal staff and volunteers |
Cafe Lido is operated on a similar basis. |
During the year there were sub-groups in operation: Pool Management Team and Café Management Team. Both groups |
submitted regular reports to the monthly trustees' meetings. Membership of the groups is open and fluid; volunteers are |
encouraged to participate in one or more of the groups if they feel they have skills to contribute. As the charitable company |
continues to develop, the board will continue to assess the effectiveness of the operational structure. |
We continue to formalise processes and document procedures throughout the organisation. This is a source of ongoing |
continuous improvement supporting the learning aspect of the Trust ethos. |
The trustees have assessed the major risks to which the charitable company is exposed, in particular those related to the |
operations and finances of the charitable company, and are satisfied that systems and procedures are in place to mitigate |
exposure to the major risks. Where appropriate, trustees have sought independent and professional advice to minimise risks |
to the charitable company. |
Trustees take reputable legal, financial and other professional advice, and have put in place appropriate insurance. |
The 4 April has been selected as the charitable company's accounting period end in order to tie in with the lease with North |
Somerset Council. |
4 of 18
7
For the year ended 04 April 2023
Portishead Pool Community Trust
Report of the Trustees Continued
The trustees recognise the need to build up reserves to meet the working capital requirements of the pool and to fund |
improvements and expansion of the facility. In recent periods the charitable company has made substantial investments into |
capital projects which has utilised the company's reserves. At the period end, the charitable company had free reserves of |
£588,376 (2022: £526,957). |
In pursuit of the Trust's long term goals and objectives and because the trading operations of the Trust are not certain to |
deliver a surplus of revenue over expenditure every year, it is essential that when those surpluses of income do occur they |
are reserved against future financial needs and demands on the Trust. This need always falls ahead of meeting discretionary |
costs and non-preferential creditor obligations. |
In accordance with the Charity Commissioners guidance, the Trust Reserves are added to throughout each trading year |
when there is a surplus of operating income over costs. Withdrawals against reserves are set out in the accounts. |
The Trust's Reserves are held for a range of purposes in line with the Accounting Policies. |
OBJECTIVES AND ACTIVITIES
Statement on public benefit |
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. |
REFERENCE AND ADMINISTRATIVE INFORMATION |
Portishead Pool Community Trust
Charity registration number |
1129732
06748050
Company registration number |
5 of 18
8
For the year ended 04 April 2023
Portishead Pool Community Trust
Report of the Trustees Continued
The trustees and officers serving during the year and since the year end were as follows:
N Doddrell (Retired on 22/11/2022)
(Retired: 22 November 2022) |
The trustees and officers serving during the year and since the year end were as follows:
A Butland
A Thatcher (Retired on 22/11/2022)
(Retired: 22 November 2022) |
B Birkinshaw (Retired on 22/11/2022)
(Appointed: 14 November 2019) |
(Retired: 22 November 2022) |
B AldridgeB Aldridge
(Appointed: 23 November 2021) |
E Pusill (appointed on 13/06/2023)(Retired on 06/02/2023)
(Appointed: 13 June 2023) |
(Retired: 06 February 2023) |
J Piggott (appointed on 22/11/2022)
(Appointed: 22 November 2022) |
Mr J Sapak (appointed on 22/11/2022)
(Appointed: 22 November 2022) |
Mrs K Whitaker (appointed on 22/11/2022)
(Appointed: 22 November 2022) |
Mr J Barr
Dart Services
Chartered Certified Accountants
Basement Weavers House
1 Gardens Road
Clevedon
BS21 7QQ
CAF Bank Limited
Kings Hill
West Maling
Kent
ME19 4QJ
6 of 18
9
For the year ended 04 April 2023
Portishead Pool Community Trust
Report of the Trustees Continued
............................................................................. |
Approved by the Board of Trustees and signed on its behalf by |
7 of 18
10
For the year ended 04 April 2023
Portishead Pool Community Trust
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 04 April 2023. |
Responsibilities and basis of report |
As the charity Trustees, who are also directors for the purposes of company law, 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 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 examiners statement |
Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in |
section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of The |
Association of Chartered Certified Accountants, 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 that in any material respect: |
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 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. |
Dart Services
Principal
James Wright-Anderson
Chartered Certified Accountants
Basement Weavers House
1 Gardens Road
Clevedon
BS21 7QQ
12 December 2023
8 of 18
11
For the year ended 04 April 2023
Portishead Pool Community Trust
Statement of Financial Activities (including Income and Expenditure Account)
2022
2023
Income and endowments from: |
29,843
13,637
-
29,843
2
329,046
304,453
-
329,046
3
2,165
35
-
2,165
4
361,054
318,125
-
361,054
5
(16,255)
-
(16,255)
(4,067)
(283,380)
(11,261)
(294,641)
(233,880)
6/7
(310,896)
(237,947)
(11,261)
(299,635)
50,158
80,178
(11,261)
61,419
Total funds brought forward |
500,165
580,343
53,386
526,957
Total funds carried forward |
588,376
42,125
630,501
580,343
9 of 18
12
Portishead Pool Community Trust
Statement of Financial Position
2023
2022
220,150
249,767
13
1
1
14/15
220,151
249,768
250
-
16
20,279
53,563
17
Debtors
407,976
282,315
428,505
335,878
Creditors: amounts falling due within one year |
(18,155)
(5,303)
18
Net current assets
410,350
330,575
Total assets less current liabilities |
630,501
580,343
Net assets
630,501
580,343
19
42,125
53,386
Unrestricted income funds |
19
588,376
526,957
630,501
580,343
For the year ended 04 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, |
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by: |
12 December 2023
10 of 18
13
For the year ended 04 April 2023
Portishead Pool Community Trust
Notes to the Financial Statements
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006. Portishead Pool Community Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). |
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
The trustees recognise the need to build up reserves to meet the working capital requirements of the pool and to fund |
improvements and expansion of the facility. |
Reserves are held for a range of purposes as set out below: |
Operational - this provision is for 6 months of operational irreducible overhead expenses associated with the core |
business activities of the pool site. |
Short Term - this provision is for recurring annual cycle costs, and small repair and improvement projects that are required |
to maintain the operational effectiveness of the site. An annual provision is based on the known profile of typical past |
annual spend and forecast improvement works. A small excess above typical annual spending is provided each year |
Medium Term - this provision is to ensure that core capital items in which the Trust has invested are able to be replaced at |
an appropriate time in their estimated lifecycle. Such items are often subject to warranty and maintenance agreements but |
even these arrangements cannot completely offset the effects of extended use so we seek to balance depreciation |
periods with a realistic in-service life expectation. |
Contingency - this provision is held to address unplanned and exceptional adverse events. The Board maintains a |
register of potential risks to the business some of which are considered low probability but which nonetheless could |
impact on the trading performance of the business such that it would be unable to meet financial demands from other |
reserves. It is founded on 20% of the total value of Operational, Short and Medium term reserves. |
Long Term - this provision is provided to address the long term aspirations and vision of the Trust membership to improve |
the site, amenity and sustainable credentials of the site for the long term benefit of the town, environment and community |
which we serve. It is funded only when the trading surplus has met the needs of the other reserve pools, or through direct |
fund-raising events. |
11 of 18
14
For the year ended 04 April 2023
Portishead Pool Community Trust
Notes to the Financial Statements Continued
2. Income from donations and legacies |
2022
2023
13,637
29,843
13,637
29,843
3. Income from charitable activities |
2022
2023
Donation and Fundraising
303,704
288,201
Income from charitable |
activities |
25,342
16,252
Hire Income
329,046
304,453
304,453
329,046
2022
2023
2,165
35
35
2,165
5. Expenditure on other trading activities |
2022
2023
2,751
14,148
Fund raising events
1,316
2,107
16,255
4,067
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15
For the year ended 04 April 2023
Portishead Pool Community Trust
Notes to the Financial Statements Continued
6. Costs of charitable activities by fund type |
2022
2023
273,683
11,261
226,734
284,944
Donation and Fundraising
9,697
-
7,146
9,697
Support costs
283,380
11,261
233,880
294,641
7. Costs of charitable activities by activity type |
2022
2023
Activities |
undertaken |
directly |
Donation and Fundraising
294,641
9,697
284,944
233,880
8. Analysis of support costs |
2022
2023
Independent Examiner's |
Fees |
Independent Examiner's |
Fees |
4,200
4,200
Independent Examiner |
Fees - Other Services |
1,897
1,229
6,097
5,429
Governance costs
Legal & Professional fees
3,600
1,717
Bank charges
2,107
1,316
5,707
3,033
8,462
11,804
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16
For the year ended 04 April 2023
Portishead Pool Community Trust
Notes to the Financial Statements Continued
9. Net income/(expenditure) for the year |
This is stated after charging/(crediting): |
2023
2022
Depreciation of owned fixed assets |
29,617
38,845
Staff pension contributions |
-
1
10. Staff costs and emoluments |
Total staff costs for the year ended 04 April 2023 were: |
2023
2022
90,585
54,597
-
5
7
1
90,592
54,603
2023
2022
7
Staff
11. Trustee remuneration and related party transactions |
During the year the Trust had transactions amounting to £33,284 with Cafe Lido Limited, a wholly owned subsidary. |
At the year end the company owed £20,279 (2022 - £53,563). |
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17
For the year ended 04 April 2023
Portishead Pool Community Trust
Notes to the Financial Statements Continued
12. Comparative for the Statement of Financial Activities |
2022
Income and endowments from: |
13,637
-
13,637
304,453
-
304,453
35
-
35
318,125
-
318,125
(2,751)
-
(2,751)
(227,664)
(6,216)
(233,880)
(236,631)
(6,216)
(230,415)
81,494
(6,216)
87,710
Total funds brought forward |
500,165
59,602
440,563
Total funds carried forward |
528,273
53,386
581,659
13. Tangible fixed assets |
546,430
315,958
230,472
230,472
315,958
546,430
296,663
157,411
139,252
Charge for year
29,617
15,646
13,971
326,280
173,057
153,223
77,249
91,220
142,901
158,547
220,150
249,767
15 of 18
18
For the year ended 04 April 2023
Portishead Pool Community Trust
Notes to the Financial Statements Continued
14. Analysis of movement of commercial investments |
Investments |
in |
subsidiaries |
Market value at 05 |
April 2022 |
1
Market value at 04 |
April 2023 |
1
15. Analysis of investments between funds as at year ended 04 April 2023 |
2022
2023
Investments in subsidiaries and |
related undertakings |
1
1
1
1
16. Stocks and work in progress |
2023
2022
250
-
250
-
2023
2022
Amounts due within one year: |
Amounts due by group and associated undertakings |
20,279
53,563
20,279
53,563
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19
For the year ended 04 April 2023
Portishead Pool Community Trust
Notes to the Financial Statements Continued
18. Creditors: amounts falling due within one year |
2023
2022
12,749
1,101
1,204
-
Accruals and deferred income |
4,202
4,202
18,155
5,303
General
526,957
361,054
(299,635)
588,376
Unrestricted funds
526,957
361,054
(299,635)
588,376
Unrestricted Funds - Previous year |
General
440,563
318,125
(231,731)
526,957
Unrestricted funds
440,563
318,125
(231,731)
526,957
Restricted funds
42,125
53,386
(11,261)
53,386
(11,261)
42,125
17 of 18
20
For the year ended 04 April 2023
Portishead Pool Community Trust
Notes to the Financial Statements Continued
Restricted Funds - Previous year |
Restricted funds
53,386
59,602
(6,216)
59,602
(6,216)
53,386
20. Analysis of net assets between funds |
Investments
Net current |
assets / |
(liabilities) |
Net Assets
Unrestricted funds
General
178,024
1
410,351
588,376
Unrestricted funds
Restricted funds
42,126
-
(1)
42,125
Restricted funds
220,150
1
410,350
630,501
Investments
Net current |
assets / |
(liabilities) |
Net Assets
Unrestricted funds
General
196,380
1
330,576
526,957
Unrestricted funds
Restricted funds
53,387
-
(1)
53,386
Restricted funds
249,767
1
330,575
580,343
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