CLEVELAND B POOLS ritain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath's Ildo SiNe 1815 CLEVELAND POOLS TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Bath & North East Somerset Council herlt LOTTERY FUNDED CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621
CLEVELAND POOLS ritain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath's Ildo Since 1815 ANNUAL REPORT AND FINANCIALSTATEMENT FOR THE YEAR ENDED 5 APRIL 2021 CONTENTS Pa Trustees, Annual Report Report of the Independent Examiner Statement of financial attNitie5 io Statement of flnanclal posltlon li Notes to the financial statements 12-23 The Cleveland Pools is the country's onlysuThiving Georgion lido.fitst opened in 1815, hidden away in Both. on the banks of the RiverAvon. Once o welcome respitefrom the heot of the city in the summer. Clevelund Pools w¢75 ofirmfovourite with l¢xols ond visitors alike until it c105ed in 1978. The Cleveland Pools Trust (CPTJ is determined to bring these wonderful boths back to lift ogain - once restored, B¢7th will be home to the UK sfirst noturally heoted outdoorswimming pool avoiloblefor use oll yeor round. CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621 I | Page
CLEVELAND B1# POOLS Bath's Ildo SiNe 1815 Bath's local pools. Reopening Summer 2022 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2021 The Trustees present thelr report togwher with flnancfial Matements for the year ended 5 Aprll 2021. REF£RENCE AND ADMINisfRATIVE OETAILS Dlredors and Trustees Paul Simws (Chairl Roger Houghton Allce Siobhan Watson Polly Rathbone Ward Ann Duntop Mary Stacey Mlke Dawson Ina Harrls Leonora Stevens Katherine Hodges Dlrector and Trnstee changes durinithe period and up to the date of $18nature of the finantial statements, were as follow5.. Polly Rathbone Ward was appointed on 29 November 2021,. Leonora Stevens was appolnted on 19 October 2021; Katherine Hodges was appointed on 19 May 2021.. 1(es1obhan Watson was appolnted on 9 April 2020. Gareth Morley-Jone5 re5i8ned on S August 2021.. Jeffrey Hu8hes resl8ned on 31 July 2020. Adela Straughan was appointed on 19 May 2021 and resigned on 29 Novembef 2021. Jenny-Anne Dexter was appointed on 19 May 2021 and resiBned on 18 August 2021- Catherine Adams wa5 appointed on 9 April 2020 and resi8ne(l on 31 luty 2020. Katherine Hod8es is also known as tty Dimbleby and Alice Siobhan Watson Is also known as Allce Le Page. Re8iStered Office Percy Community Centre. New Klng Stree¢ Bath. BAI 2BN. Website www.clevelandpods.org.uk Bankers Lloyds Bank plc. Mi150m St. Bath. CAF Bank Ltd. 25 Kings Hlll Avenue. Klngs Hlll. West Mallin& Kent. ME19 4JQ CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621
CLEVELAND Brit POOLS ain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath's Ildo Sln¢e 1815 TRUSTEES. ANNUAL REPORT cont6nued FOR THE YEAR ENDED 5 APRIL 2021 STRUCTURE. GOVERNANCE AND MANAGEMENT Governln8 Docum•nt- the Trust Is a tharltable Company Ilmlted by guarantee, incorporated on 7 February 2005. and registered a5 a charity on 11 May 25. The affair5 of the ¢haritable company are 8ovemed by Its Memorandum of Association whith e5tabli5hed the objects and powers of the charitable company and Is 8overned under It5 Articles of Assoclation. Members guarantee to tontilbute an amount not exceeding £10 to the asset5 of the charitable company in thè Lbvènt of wlndin8 UP. Dlrectors and Trustees - the Directors of the company are Its Trustees for the purpose of charity law and throu8hout thls report afe collectively referred to as the Trustees. The membership of the Board of Trustees durlng the year and at the year-end is listed above. Rlsk Mana8ement Pdlty. as part of the applicatlon to the National Lottery Herttage Fund INIHFI. a detalled risk register has been prepared detailing all ihe risks the project may face. systems and procedures are in pla to mltlgate those identified risks and minimise any potential impact on the chartty Should those risks materlallse. The reglstei is updated monthly by the Trusvs Projert Mana8erand 15 lulty costed. The Trustees review it durln8 thelr regular monthly project board meetin8s. The risk register is Shared with the NIHF and discussed on a quarterly basts. Publlc Benefit- the Truslees have reviewed the Charity Commission's guidance on the quirement to ieport on public benefit. They are satisfied ihat the work of the Tntst. as described below. accords with its stated oblects, and provide5 tangible public beneflt io an appropriate section of those who reside wlthln the Tmst's area of benefit; they believe that the criteria used to assess those who may benefit are not unreasonably strICtIve. Goverftance- the Trustees recelveirainlng on an annual bas15concernlngthe dutles and responslbllltles Of bein a Trustee and are briefed on any changes to the re8ulations and law concerning tharities. CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621
CLEVELAND Brit POOLS ain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath's Ildo sIe 1815 TRUSTEES, ANNUAL REPORT continued FOR THE YEAR ENDED 5 APRIL 2021 VISION AND AIMS To preseTve for the beneflt of the people of Bath and the nation, the historical. architectural and constructional heritage that may exist in and around Bath & North East Somefset in buildings linduding any structure or erection. and any part of a building as $0 defined) of partitular beauty or historical. archrtettural or ¢onstrL¢Ctional interest wtth particular reference to the Georgian bathing pools known as the aeveland Pools. ACHIEVEMENTS DURING THE YEAR The Trust submitted a successful Stage l applKation to the National Lottery Herrt3ge Fund INLHFI fom)erly HLF. in March 2018 which was followed with a Stsge 2 application which was successful in December 2018. This en3bled the Trust to appoint three members of staff to manage the development and implementation of the project on its behalf. The professional design team members were re-engaged and the pre-cTrmmencement condilron5 to the Plannin8 Permission, includin8 a Construcuon Management Plan were determined in consultation with the local planning authorrtv. The projecvs capital programmefor the restoration and upgrading of the pools was tendered tothe construction market and bona fide tenders were received under a two-stage procedure. Beard Constwction were appointed to undertake the ae works. The Trust obtained'pemiission to stsrf the projert from the NLHF prtorto the outbreak ofthe Covid-19 pandemic and fortuitously held ba(*from si1 the construction contract with Beard in March 2020. At that time, the tendered woths were at a value of £4.7M. The impact of the pandemic on the construction industry is well documented and the consequential rise in costs due to a shortage of labour. prolongation. practlcal restrirtions on construttion attivlty due to covid operntional precautions and shortages and availalIty of coftstrurtion materials in the supply chain. CHARttY REG. NO. 1109433 COMPANY REG. NO 5354621 41Page
CLEVELAND Brit POOLS ain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath's Ildo Since 1815 TRUSTEES, ANNUAL REPORT continued FOR THE YEAR ENDED 5 APRIL 2021 ACHIEVEMENTS DURING THE YEAR continued Emer8enLry funding was provlded by the NLHF durfng ihe summer months of 2020 to retain staff. fund on8oln8 professional fees and pre-contract activities. By October 2020 it was clear that costs were escalatln8 Out of the Trusvs control and that the projerf5 future was in doubt. At thrs time a full re-costin8 was prepared and applications for additional funding submitted to the NLHF, Public Sector Decarbonisation S¢heme and Historie England. As a result, projert Status was ralsed to one of natlonal prlorlty with the Lottery and in December 2020 the three principal funders offered o total of £1.7M in additional fvndin8 from the project provided that ¢¢nstructlon contract was entered Into by the 31" Marth 2021. At the same time a further grant of over £0.5M was received from Sallx Flnance under the 8overnmÈnVs Publlc Sertor Decarbonization Fund to finance the project's water source heat pump to heat the swimmlng pool water during the summer perlod from ienewable sources. In the period, the cost of the capital works has rtsen from £4.7M to £6.8M wlth other related rlses In Trust overt)eads Iprolon8ation and extension of contracts of ernployment with the three members of staff, Insurances, etc.) and de518n team and prole¢t maDaBement prolongation. The Trusfs fund-raising target to meet all project costs through to 2024 remains a major challenge. The work of delivering the Activity Plan thTouBh the voluntserinR pro8ramme has remalned fully active throughout this ¢hallenging period intludin8 a community engagement programme of projects which continue to be well received and sUPPOrted in the local community.These outputsand achievements have been nationally recognized as of an outstandin8 nature. The Trust greatly appreclate5 the dedlcated work of its staff and volunteers dur1 these unprecedented tomes and are grateful and immensely proud for this commitment. The Trustees remain immen5ely8rateful to the National Lottery Heritage Fund for makln8 the restoration of the Pools posslble after many years of campaigning and in particular. for the additional support provided in the financial year 202¢>2021 10 keep the prospea of a brief reopening the aeveland Pools in 2022. with a full swlmming season in 2023. a reality. CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621 51 Page
CLEVELAND Britain's oldest lido. POOLS Bath's Ildo Slnce 1815 Bath's local pools. Reopening Summer 2022 TRUSTEES. ANNUAL REPORT contlnued FOR THE YEAR ENDED 5 APRIL 2021 FINANCIAL REVIEW OvepAew- In the year to 5 April 2021. Ihe Trust income stepped up to £739,787, compared to the prior yearfs ncorne of £356,631. In the current year, this is predominately grant funding from the National Lottery Herltage Fund £436,201 and £206.480 from Historic EnBland. Emer8encyCOVID-19 pandemicfundlngof £66.3¢)O. allowed the Trust to continue to progress its objectives and achFeve tommencemenl of construction works in 2021. Expendlture In the year to 5 Aprol 2021. Sncreased 10 £599.602. compared to £320.655 In the prlor year. Of the spend in the year, £497,315 represents expenditure capitalised. In 2020. capltallsed expenditure was £273,781. This 15 a chan8e In accountln8 treatment and reflects the Trusts reco8nitlon of the lon8-tem) value of the Pools restoratlon spend as reported under hwlta8e assets. wlthln tan8ible fixed assets in the balance sheet. The Trust is a150 re5tatin8 prior year reportin& to reIniSt and capitslise fvrther pools restoratlon spend of £271,242 In 2020 and £17,187 in 2019. Trust lund5 at the S Apfll 2021 was £1,013,88712020.' £376.3871, with major assets beln8 tanglble hxed assets.. £788,28312020.' £290,968) and Bank.. £317,31912020.. £114,361). In the flnanclal year 2021122. the pools restoratlon programme Is pro8ressln8 Strongly, and completSon remains on target for Summer 2022. Income and expenditure cost Projections through to completion of the Pools restoration, show a fundraisin8 challen8e. Thi5 challen8e rs partfy mitl8ated by an approved loan from the ArChIteUral Herltage Fund of £250.0. which has not yet been drawn down and a commltment from NLHF to fund the tlmlng dlfferences in expenditure and incorne cash flows Prlnclpal Fundln8 Sources- Aside from the income generated though fundralslng actlvltles. the vast malority of fundin8for theTrust comes by way of8rants from the National Lottery Heritage Fund. Hlstoric England. Kitkstart Fund administered by Department of Culture. Media and Sport. Public Sector Decarbonlsatlon Scheme administered by Bath & North East Somerset Councillsalix, and Bath & North Easl Somerset Council. The continued support of these organisats.ons is Wide appreciated by the entire team involved with the project. Establishing Opportunities for a much wider range of fundln8sources for the fUre remalns a key prlorlty. CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621
CLEVELAND Brit POOLS ain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath's Ildo Slnce 1815 TRUSTEES, ANNUAL REPORT cofttinued FOR THE YEAR ENDED 5 APRIL 2021 FINANCIAL REVIEW contlnued Reserves Pollcy - The Trust has examined the requirements for reserves in light of the main risks lo the organi5ation. It has establlshed a pollcy whereby the unrestricted funds not committed or invested by the Trust should be made available for restricted expendliure. as and when requlred. The Charlty reseryes as at 5 April 2021 totals £1,013,887, consisting of unrestlicted £767,407 and restrided £246.480. Thls Is represented by tangible flxed assets £788,283, cash at bank £317,319, and debtors £21.039 less liabi1Stles of £112,754. At the year end. restrlcted net in¢ome of £381,813 wo5 reclassified and transferred to unrestricted funds. This transfer IS predominately NLHF resirirted intome, used to lund £457,315 of expendlture that was capltallsed In the year, and reported under heritage flxed assets In the balan¢e sheet as an unrestricted asset. The additional £40,1Th of pools restoratlon spend capltalised and reported as resrricted asset, represents lunding from St John's Foundalion. RestrICt reserves at S Aprll 2021 of E246.480 are.. Hlstorlc England £206,480 and Stjohn's Foundatlon £40.OCQ. 15 Aprll 2020.. Reserves totallin8 £376.387 consists ol restricted reserve5 bein8St john's Foundation £40,000 and unrestrlrted reserves of £336,387.) Based on budgeted activity expenditufe for 202V22. togwher with the opening erveS. these are regarded as sufficient to meet the working capital qu1ments for ihe Trust and the Trustees are confident that they wlll be able to contlnue current actlvities. CURRENT STATUS The onset of the covid-19 pandemiccaused a delay to the start of the project in March 2020. stsff were retalned nd Thotfurloughed. They have continuedto work safelyfrom homeand have rè-ne8otiated thefunding packages to enable the projed to proceed and to secure the successful outcome of thi5 lon8-term community effort. Once the refurbishment of the Pools Is tomplÈted in 2022, it is the intention of the Trust to contract with a third party to actually cyerate the Pools, under a mana8ement agreement. TheTrust has tommenced dlswsslons wlth a number of organisations interested in becofflinB its operational partner. third party interest ts hi8h and ne8otiatlons are proceeding In a positive framework. It is the Trusvs intention to announce its preferred operatin8 partner in early spring 2022. The NLHF'S approval of these arrangements will be requlred. CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621
CLEVELAND Brit.. POOLS Bath's lido Since 1815 Bath's local pools. Reopening Summer 2022 TRUSTEES, ANNUAL REPORT contlnued FOR THE YEAR ENDED 5 APRIL 2021 CURRENT STATUS continued The Trust intends to complete the refurbSshment p¥ogramme durlng 2022 with the th'rst full summer season of operation being in 2023. STATEMENT OF TRUSTEE RESPONSIBIUTIES The Tru5tee5 Iwho are a150 Directors of Cleveland Poo15 Trust foi the purposes of company lawl are fèsponsible for preparing the Trustees, Annual Report and the financial Statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accountlng Practlcel. Company law requires the Tru5tee5 to prepare finanoal statements for each financial year. which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and appllcatitsn of resources, intluding the income and expenditure. of the charitable company for the year. In prep3rin8these financial statements, theTru5tee5 are required to.. selectsuitableaccounting policies and then èpply thern con515tently." observe the method5 and prirnciples in the Charities SORP.. make judgements and estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subject to any material departures dcloSed and explained in the financial statements,. prepare the financial statement5 on thegoing concern basis unles5 it¥s inappropriateto presume thatthecharitable company will continue in operation. The Trustees are responsible for keeping proper accounting records that disdose with reasonable accuracy * any tlme the financlal posltion of the charitable company and enable them to ensure that the flnanclal Statements comply with the Companies Act 2006. They are a150 responsible lor safeguarding the assets of the charitable company and hen for taking reasonable steps for the preventlon and detection of fraud and other rregularlties. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the special provision5 for small companies under Section 415a of the Companles Act 2006. Approved by the Tru5tee5 on It January 2022 and sSgned on their behalf by.. Paul Simons Trustee (Chairl CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621
CLEVELAND Brit POOLS ain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath's Ildo Since 1815 INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF THE CLEVELAND POOLS TRUST I report tc¢ the chority Trustees on my exaMInaOn of the a¢¢oun¢sof the Ctyhp•Ay forthe &e•rended 5 Aprll 2021. R•spon51blllt4es and basls di¢p¢ As the charltvs Trustees of the Cornpany lar also Its Dlrectors forthe purposesof companylawl you are respon$lbleforthe preparatlon of the accounts In accordance wlth the requirerner of the Companies Act 2¢X161'the 21XJ6 ACVI. Havlnz sot15fled mysem tha the •¢¢ounts of the Corn1 ère not UIred to be audlted under Part 16 of the 2LI)6 Act Jno re ell8lble for Independent examination. I report In respert of my ex•mlm•tlon of your ¢hariV5 COUnt5 as c4rrSed out under 5ectlon 145 of the Charllies Art 20111.the 2011 Arfl. In carrylng out my ex•mlfi•ison I have followed the Direttion5 glven by the Charlty Commlsslon under sectlon 145151 Ibl of the 2011 t. Ind•p•nd•nt •X4mlMrfsststiity I connrm that i •m qu•llfted to undertake the ex•miN•¢ bec•u5•1 • rnernberol the ItItUte ol Chartered Accotsntsnts Eryland and Wales, whlch15 one of the Ilsied bodles. I have completed rny examSnatSon. l ¢onfimi th•t no ha¥e to my èttentlon In connethon with the eumlnatlon slvlni rne cause to belleve.. l. accountlng records were Tr)t kept In resped of ihecompany as requlred by se(th)n 386 of the 2006 kt,. oi 2. the accountsdo not accord wlth those re(ord5' or 3. the accourt5 do not ¢omply the •ttowrtin¥ requlrementsof sectSon 39601 the 2W6 Actother than•ny requlrement th4t ihe •c¢ounts th a'tn and folr v*w whlth b not • rnattercon5k as partol an Independentexamlnatlon,. or 4. the •¢¢ount5 have Th)t beeTr preyred in •ccordarKe wlth the metksds and prfnclples of tho Statement of Reeornmended Practlce for a¢countlni and reportlng by charltles op1¢•1e to tharit p¥eparin¥ their accounts in accord8nce with the Fln•n¢ial Reportln8 Standard applicab In the UK and Republk of IreLqnd IFRS 1021. I haye no concerns ond h&vecomea(r0s5 noother mattersin ¢orrtbOn the exomiThotM to whKh attention should be drawn In thls report ln order to eble o properUnder5taThji of 4c¢ounts to be re•¢hed. T R C•se FCA BS¢ Institute of Chartered Accourtants In Ewknd and Wales Case Accounting Ltd 2D Goodwood Way Cepen Park South Chippenham w11re SN14 OSY CHARITY REG. NO. 1109433 COMPANY REG. NO $354621
CLEVELAND Brit POOLS ain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath's Ildo SirK• 1815 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021 Restated 2020 2021 Unrestricted Restricted Totsl Total Income Income and èndowments from: Donations and legacies Charitable a¢tivitie5 Other tradlng activities Total Income 30.451 19,357 354 50,162 30,451 708,982 354 739.787 120,663 231,978 3,990 356,631 689.625 689,625 Ex enditure Expendltur• on: Raislng funds Charitable aCtItieS Other Total empendlturq Net IncomelleMpendllur•l Transfers between funds 205 205 84,162 17,920 102,287 845 41,800 4,229 46.874 84,162 17.170 101,332 750 955 49,207 588,293 637.500 309,757 381.813 -381,813 Nei movem•nt In fvnds 431.020 206,480 637.500 309.757 Recon¢lll•tlon of funds: Total funds brou8ht forward 336,387 a0,0 376.387 66,630 Total lund$ carrled lonvard 767.407 246.480 L013.887 376,387 The above rèsult5 rèlate wholty to continuing actiwties.. there were no reco8nlsed gains or lossès other than those included above. The Statement of Financlal Activiknes also complies with the requirement io prepare an Income and Expenditure account contained In the Companies Act 21J)6. CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621 10 | Page
CLEVELAND Br POOLS itain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath's Ildo Slnce 1815 STATEMENT OF FINANCIAL POSITION AS AT 5 APRIL 2021 Rèstatèd 2020 2021 Unrestrirted Restricted Total Total Flx•d a$s•ts Tangible flxed assets Herlta8e assets io io 2.539 745,744 748.283 2.539 785,744 788,283 2,539 288,429 290,968 40,0 Currmt Debtors Cash ai bank and In hand li 13 21.039 6.072 27,Jll 21.039 317.319 338.358 39.855 114,361 154,216 311.247 311,247 Credltors.. amounts fallingdue wlthin one vear Nèt current ass•tsllllabllltle51 Total assets less current Ilabllltbos 12 7,987 19.124 767,407 104,748 206.499 112.735 225.623 68,777 85,439 376,407 246,499 1,013.906 Credltors.. amounts fallin8 due after one year Total net assetsllllabllltlesl 12 19 19 20 767.407 246.480 L013,887 376,387 Funds of thè tharlty Restricted income funds Unrestrlcted hjnds Total funds 246.480 246,480 767,407 1.013,887 328,429 47,958 376,387 767,407 767.407 246.480 For the year In questlon, the charttable company was entitled to exemption from an avdit under sertlon 477 of the Companles Act 2CX)6.The members have not required the charitable cornpany to obtain an audit of Its accounts for the year in question in atcordance with 5ertion 476 of the Act. The TrusteeslDirecWts acknowledge their responsibilities for complying Wlth the requirements of the Companie5 Art 26 wlth respect to a¢countln8 record5 and the preparation of accounts. These flnanclal statements were approved theTrustees on11 January 2022 and were signed on their behalf by.. Leonora Ste¥en$ Trustee Treasurer CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621 11 I Page
CLEVELAND Brit POOLS ain's oldest lido. Bath's local pools. Reopening Summer 2022 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Bath's Ildo Since 1815 The accompanyin8 accounti policies and notes fom an integral part of these hnanc4al statements I. BASIS OF PREPARATION 1.1 Ba3 of accountlnÉ The flnantial statements have been prepared under the hlstorical ¢ost convention In accordance wilh the Financial Reportlng Standard for Smaller Entities, the Companies Aet 2Crf)6. the Charities Act 2011 and the requlrernents of the Statement of Recommended Prartice. Accounting and Reportlng by Charities ISORP FRS1021. The charlty 15 a public entity as defined under FR5102. There ale no maierial UnrtaIntleS affectlng thè ability of the charity to contlnueas a golng concern. Incomlns resourc•s- all Incomlng resources are Induded In the statement of financial actlwtles when the Trust Is entltled to the Income and the amount can be quantified wlth reasonable atturary. Voluntary income Is recelved by way of donaiions and gifts and Is Induded In frjll in the ststement of financlal a¢tlvits'e5 when receivable. Resources exp•nd•d- Expendlture Is reco8nlsed when a liability Is incurred. Expendlture Includes anyVAT whlch cannot be fully recovèred and 15 reported as part of the èxpenditure to which it relates. Fund A¢¢ountln8 - Restricted Funds are held to be used for speclfied purposes, as indi¢ated by the donors. General Funds a uniestricted lunds whith are available for use at the di5uetion of the Trustees in furtherance of the general oblectlves of the Trust. Taxatlon - The Trust Is ? reglstered charity and as su¢h tax exemptlon applie5 to the Income arlslng from and expended on charitable actlvilies and to its investment income and gains. CHARtrY REG. NO. 1109433 COMPANY REG. NO 5354621 121 Page
CLEVELAND POOLS ritain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath'3 Ildo Since 1815 NOTES TO THE FINANCIAL STATEMENTS continued FOR THE YEAR ENDED 5 APRIL 2021 2. ACCOUNTING POLICIES 2.1 Income R•toBnltlon ol Incom•- Thèsè arè Includèd In the Statement of Financial Activitie$1SoFAI when,. the charity becomes entitled to the resources.. It Is more likely than not that the Trustees wlll receive the resour¢es,' the monetary value can be measured wlth sufflclent reliabilitv, Offsèttln8- There has bèen no offsettlng of assets and Ilablllties, or Income and èxpenses, unless requlred or perrnitted by the FRS 102 SORP or FRS 102. Grants and donatlons- Grants and donations areonly included in thèSoFAwhen the8eneral income reco8nltlon ¢riierla are met15.10 to 5.12 FRS102 SORPI. Legacl•s - Legacles are Included In the SOFA when receipt Is probable, that Is. when there has been grant of probate, the executor5 have e5tabllshed that there are suffltientassets In the estateand any condltions atta¢hed to the le8acy are elther wlthln the control of the charity or have been met. GcwTnm•nt Brant5- The rharlty ha5 received governmeni grants In the reportln8 perlod. Tax r•clalms on donatlons and 81fts- Glft Ald recelvable Is Included in income when there Is a valld declaratlon from the donor. Any Gift Aid amount recovered on a donotion is considered to be part ol that gift and is treated as an addition to the same fund as the initial donation unless the donoror the terms of the appeal have specifled otherwlse. Contractual Income and performance related grants This is only Included in the SOFA once the charity has provided the related 8oods or services or met the performance related Conditions, Donated 8oods- Donated goods are measured at falrvalue ItheamountforwhSch the asset could be exchan8edl t¢nless Impractlcal to do so. The cost of any stock of goods donated for dlstribution to beneficiarles Ss deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reportlng period in which the stocks are dlstributed. they are rectsgnised as an expense at the tarrying amount of the 5to¢ks at distributlon. CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621 13 | Page
CLEVELAND Brit POOLS ain's oldest lido. Bath's local pools. Reopening Summer 2022 8alh'5 Ildo sin 1815 NOTES TO THE FINANCIAL STATEMENTS contlnued FOR THE YEAR ENDED 5 APRIL 2021 Donated ptsds contlnu•d Donated goods for resale are measured at fair value on initial Tecog17itTron, which is the expected proceeds from Sale less the expected tosts of sale and recognised in 'lncome from other trading artivities, with the ¢orre5pondln8 stock recognised in the balance sheet. On its sale the Wdlue of stock 15 charged against 'lneomè from oiher tradin8 activltles, and the proceeds from sale are also reColSed as 'lncome from other tradln8 activibes,. Goods donated for on-80in8 use by the charity are reco8nised as tanBlble flxed assets and Indvded In the SOFA a5 incoming resources when recefvable. Glfts In klnd for use by the charity are included in the SOFA as income from donatlons when receivable. Donat•d s•rvk•s and l4¢Slltbes - Donated serv15 and fa¢ilrties are induded in the SOFA as Income from donations when recdved at the value of the glft to the charlty provided the value of the 81ft can be measured reliably. Donated servlces and facilities that are wisumed Immedlately are regnIsed as income wlth an equlvalent amount reco8nlsed as an expense under the appropriate headln8 in the SOF Support costg- The charfty ha5 Inwrred expendlture on support costs. Volunt••r hdp- The value of any voluniary help recefved Is not Induded in the accounts but Is des¢rfbed In the Trustees. Annual Report. Income from Intgr•st. ro¥altl•s. and dMd•nds- Thi5 15 included in the Kcounts when recelpt Is probable, and the amount receivable can be measure reliawy. Income from mernber5hlp 5ub5tt1ptlons - Membership subscriptions received in thè nature of a gift are recognised in Donations and Legacies. Membership sub5CriPtions which 8ives a member the rlght to buy sÈr¥itss or other benefits are reco8ni5ed a5 Ineome eamed from the provision of goods and services as income from charitsble actiwties. SèttlÈmÈnt ol Insurance dalms - Insurance daims are only induded in the SOFA when the general income recognltlon crlterla are met15.IOto 5.12 FR5102 SORPI and are induded as an item of other incorne in the SOFA. CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621 141Page
CLEVELAND Britain's oldest lido. POOLS Bath's Ildo Slnce 1815 Bath's local pools. Reopening Summer 2022 NOTES TO THE FINANCIAL STATEMENTS contlnued FOR THE YEAR ENDED 5 APRIL 2021 InStm•nt ylnsand losses- Thls Indudes any realised or unrealised gains or losses on the sale of Investments and any gain or loss resulting from revaluing Trnve5tments to market value at the end of the year. 2.2 Expendlture and Ilabllltles Llablllty rÈtO8nltlon- Liabilits'es are recognised where It lsmore Ilkely than notihat thereisa le8al or constructlve obllgation commlttlng the charity to pay out resources and the amount of the obllgaii¢)n can be measured with reasonable certainty. Gov•rnanc• and support Costs - Support costs have been allocated between 8overnance costs and other support. Governance costs comprise all costs invdvinB publlc accountablllty of the charlty and its tompllan with regulation and good practice. Grjntswlth pertormancecondltl¢)ns- Supportcosts includetentral funrtions and havebeen allocated ttsactivity cost cate8orie5 on a basis conslstent with the usè of 0rCeS. eg allocatsn8 property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usaBe. Grants payabl• wIt1ul perforni•nc• condltlons - Where the Chaty glves a grant wlth condltlons for its payment bein8 a specific level of seNice or output to be provlded, such grants are only re¢o8nlsed In the SOFA once the reclplent of the grant has provlded the specified service or output. Redundan¢y Cost- The charlty made no redundancy payments durin8the reporting period. D•l•rr•d Incom*- No material item of deferred income has been induded in the accounts. Credltors- The charfty has creditots whith are measured at settlement amounts less any trade dis¢ounts. Pr¢)vlslons for Ilabllltl•s . A liability is mea5LFred on reccenition at its historfcal cost and then sub5equenfjv measured at the best estimate of the amount required to settle the obligation at the reporting date. Basic financlal Instruments - The tharity accounts for baslc flnanclal Instruments on Inltlal recognition as per paragraph 10.7 FR5102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19. FFL$102 SORP.2.3 CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621 15 | Page
CLEVELAND Brit POOLS ain's oldest lido. Bath's local pools. Reopening Summer 2022 Baih'5 Ildo Since 1815 NOTES TO THE FINANCIAL STATEMENTS continued FOR THE YEAR ENDED 5 APRIL 2021 T¥n8lble fimed assets for Iw charlty- These are capitalised if they can be used for more than one year and cost at least £250.00. They are valued at cost less a¢cumulated depretiation. Depreciation is provided at rates cal¢ulateil to wriie off the cost of the fixed assets. less thelr estimated residual value, over their expected useful lives on the following basis.. Freehold land Other land and burldin85 Plant machinery and motor vehicles Flxtures, flttinos and equlpment None 2% strai8ht line 3 years straight line 3 years 5trai8ht line H•rltsg• ass•ts - The charity has herlta8e assets. that is, non-monetsry as5et5 with hisiorit. artistit. scièntsflc. technolo8lcal, geophysical, or envlronmentsl qualities that are held and malntalned prlnclpally for thelr contribution to knowlèdge and culture. The charlty Is spendin8 5ubstantlally to renovate the Pools. $0 that the Pools can be used for operational purp¢*ses. Thls Is with the intention to ¢ontrad with an external third party to operate the Poo15. under a mana8ement agreement. This cost of renovation is capilalised and reported separately under a heritage assets headin8 Wlthin tangible fixed assets. The costs capltalised are repair works to the poo15, pool buildin85 and boundarles, professional costs including architerts. 5truttural. mechanical, and electrical en8ineers, quantity surveyors, and the payroll tost of the projert mana8w employed by the tharity. At present, all these assets are Currently under consiru¢tlon and future accounts wlll detail the depreciation policies as they are determlned. Investments - Fixed asset Investments in quoted shares. traded bonds and slmilar Investments are valued at Initially at costand subsequently at fairvalue (their marketvaluel at theyear end. The 5ametreatment 15 applled tts unlisted investments unless fair value tannot be measured reliably in whith case it is measured at cost le55 Impalrment. Investments held for Te5ale or pendlng thelrsale and cash and cash equlwalents with a Maturity date of less than I year are treated a5 current asset Investments. Stocks and work In progr•ss- Stocks held fof sale a5 part of non-charltable trade a measured at the Iovder or cost or net realisablevalue. Goods or Services provided as part of a tharitable activity Ore measured at net realisable value based on the Serv1 potentlal provided by items of stixk. Work In progress is valued at Cost less anyforeseeable loss that is likely to occur on the contrad. CHARITY REG. NO. 1109433 COMPANY REG. NO 53546ZI 16 | Page
CLEVELAND Brit POOLS ain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath's Ildo Slnce 1815 NOTE5 TO THE FINANCIAL STATEMENTS contlnued FOR THE YEAR ENDED 5 APRIL 2021 Debtors Debtor5 lincludlng trade debtors and loans receivable) are measured tsn initial recognltlon at settlement amount after any trade dlscounts or arnount advanced by the charity. Subsequently. they are measured at the c35h or other conslderatlon expected to be recelved. Current Asset Investments- The charity has Investments which it holds for resale or pendin8 their sale and cash and cash equlvalents with a maturlty date less than oneyear. These include cash on deposit and Cash equivalents wlth a maturity of 105$ than one year held for Investment purposes rather than to meet short-term cash commitments as they fall due. They are valued at fair value except where they quallfy as baslc firancial instrumenis. CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621 17 | Page
CLEVELAND Britain's oldest lido. POOLS Bath's Ildo Sin(a 1815 Bath's local pools. Reopening Summer 2022 NOTES TO THE FINANCIAL STATEMENTS continu FOR THE YEAR ENDED 5 APRIL 2021 3. ANALYSIS OF INCOME 2021 2020 Unrestricted Restricted Total Total Oonatlons and kgaclès Donatiofts and gifts 30.451 30,451 30.451 30,451 120.663 120,663 CrItale artmtles General grants provlded by government/c*ther charities 19.357 19.357 689,625 689.625 708,982 708.982 231.978 231,978 Other trading actlvltl•s Sale5 of merchandise, slte tours and talks. 354 3S4 354 354 3,990 3,990 Total Income 50,162 689.625 739.787 356,631 WITHIN THE INCOME ABOVE THE FOLLOWING ITEMS ARE MATERIAL: Donatlons and l•gacl•s: The Roper Famlly CharItae Trust £20.OfKI.12020.. Anonymous donation was recelved for £lOO,000.I Charitable activities.. National Lottery Heritage Fund INLHFI grant for £436.20112020.. £56,478), and Historlc England grant for £206.480. used to fund costs Incur on the pool restoration project. Emergency 8rantS during COVID-19 lockdown period were £IO.Cts) from Bath & North East Somerset Council and £56,300 from the National Lottery Herita8e Emergency Fund. These emergency fund5 were used to retsin staff. fund professlonal fees and charity actiwts'e5, durin8 Summer 2020.12020.. 8ath & North East Somerset Council unrestrirted grant for£175.500.1 CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621 18 | Page
CLEVELAND Brila;... POOLS Bath's Ildo Since 1815 Bath's local pools. Reopening Summer 2022 NOTES TO THE FINANCIAL STATEMENTS continued FOR THE YEAR ENDED 5 APRIL 2021 4. PRIOR YEAR RESTATEMENT Expenditure on charitable activities have been Testated to exclude pools restoration spend of £271,242 in 2020 and £17,187 In 2019. These costs totalling £288.429 are now capitalised and reported under heritage assets, within tangible fixèd assets in the balance sheet. Thls Is a change in accounting treatment and reflects the Trusts recognition of the long-term value of the Pools restoration spend. S. ANALYSIS OF EXPENDITURE Restated 2020 2021 Unrestricted Restricted Total Total Expenditure on ralslnE funds Other trading activities 205 205 205 205 84S 845 ExpendItU on charltable artlvltle$ Pool restoration project 84,162 84,162 84.162 84,162 41.800 41,800 Other expendltu Independent examlnatlon fee Professional fees 750 750 17.170 17,920 660 3,569 4.229 17.170 17,170 750 Total expenditure 955 101.332 102.287 46.874 CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621 19 | Page
CLEVELAND Britain's oldest lido. POOLS Bath's Ildo si0 1815 Bath's local pools. Reopening Summer 2022 NOTES TO THE FINANCIAL STATEMENTS continued FOR THE YEAR ENDED 5 APRIL 2021 6. Transfers between fvnds At the year end. restrlrted net Income of £381,813 was reclassified and transferred to unrestricted funds. Thls transfer Is predominately NLHF restricted income. used to fund £457.315 01 expenditure that was capitallsed In the year, and reported under herit4e fixed assets In the balance sheet as unrestrlcted asset. After transferrln8 £381,813 from restrirted to unrestricted. this leaves a closin8 restrirted funds balanc• of £246,480 beiTh8 £40.IJOO Irom St john's Foundation and £206,480 from Historic England. 7. DETAILS OF CERTAIN TYPES OF EXPENDITURE Fees for ¢xamlnatlon of th• accoub)ts 2021 2020 Independent examlner fees 750 660 8. EMPLOYEES Thelr a88re8ate remuneratlon comprlsed: 2021 2020 Salaries and wa8es 66.153 41,891 Soclal securlty costs Penslon costs 1.412 1,198 934 1,703 Total stafl costs 68.763 44.528 9. AVERAGE NUMBER OF EMPLOYEES During thèyear the average nurnberof ernployees was 312020= 31. CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621 20 | Page
CLEVELAND POOLS ritain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath's Ildo 51nce 1815 NOTES TO THE FINANCIAL STATEMENTS contlnued FOR THE YEAR ENDED 5 APRIL 2021 10. TANGIBLE FIXED ASSETS Otr land and bulldin Plant mathlnery Flxlures. fittings and equlpment Total Re5toratlon In ProBresS Cost At 6 Aprll 2020 2.539 2.539 Addltlons.. Restated FY 5 Aprll 2019 17.187 17,187 Addltlons.. Restated FY S April 2020 At 6 Aprll 2020 IRestat•d) Additions 271.242 271,242 290 288.429 497,315 497.315 Dlsposals At 5 Aprll 2021 785.744 2.539 788,283 Depreclatlon At 6 Aprll 2020 Dlsposals Depreciation At S Aprll 2021 Carryln8 amount At 5 Apdl 2020 IRestst•d} 288,429 2.539 290.968 At 5 Aprll 2021 785.744 2.539 788.283 The above restatement of prior year expenditure is a change in accountinB treatment and renects the Trusts recognltlon of the long-term value of the Poob restoration spend as reported under herita8e a$5ets. CHARITY REG. NO. 1109433 COMPANY REG. NO $354621 211Page
CLEVELAND 8rf1aln's oldest Ildo. POOLS Bath's Ildo si¢ 1815 Bath's local pools. Reopening Summer 2022 NOTES TO THE FINANCIAL STATEMENTS contlnued FOR THE YEAR ENDED 5 APRIL 2021 11. ANALYSIS OF DEBTORS 2021 2020 Prepayments Other debtors 1,157 38.698 21,039 21.039 Total d•btors 39,855 12. CREDITORS AND ACCRUALS Amounts fall1 d wlthln one year 2021 2020 Amounts fallln8 due after more than one year 2021 2020 Trade credltors 62.577 45,970 63,235 330 5,211 Accruals Taxation and soclal securlty Other creditors 19 20 Total trèdltors 112,735 19 20 13. CASH AT BANK AND IN HAND 2021 2020 Cash at bank and in hand 317.319 114.361 Total cash at bank and In hand 317.319 114,361 CHARttY REG. NO. 1109433 COMPANY REG. NO 5354621 221Page
CLEVELAND Brit POOLS ain's oldest lido. Bath's local pools. Reopening Summer 2022 Bath's Ildo SlrKe 1815 NOTES TO THE FINANCIAL STATEMENTS continued FOR THE YEAR ENDED 5 APRIL 2021 14. RELATED PARTY TRANSACTIONS Durlng the year. the charity entered into transactions in the ordinary courseof business to the value 01 £14,150 12020.. £3.8501, in sPert ol finanoal services from Inni Corporation Limlted, a company which Gareth Morlev- Jones is a director. There were no tradlng balances outstandin8 as at 5 April 2021, OT S April 2020. CHARITY REG. NO. 1109433 COMPANY REG. NO 5354621 231 Page