CLEVELAND POOLS REGISTERED COMPANY IKIMBER: 05354621 {England and Wal) REGISTEAED CHARITY NUMBER.. 1109433 ort of the Trnst••s •nd Financial Sts for the Year End•d 5 12023 Clweland Pools Trust Made possible with Bath & North East Somerset Council Heritage Fund Sumer Audit Statutory ALhgiiors Hermes HOL FI Fty Avenue Swn&)n Wihshiro SN2 2GA A(IiKX47N 2111212023 CChlPMIES HOLISE A11
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CLEVELAND POOLS Cl•v•land Pools Trust Content$ of the Finanelal Statemènts for Ihe Year Ended 5 A ril 2023 Report of the Trustees 1 to 8 Report of thg Independent Audltors 9 to 11 St•lernent of Fkn•n¢lo1 Adiwii•s 12 Balance Slel 13 Cash Flow Sthknenl 14 Notes to thtr Cash Fltr Ststement 15 Noles to the Financial siai•ni•nts 16 to 27
CLEVELAND POOLS Cjtveland Pools T of Ihe Trusiees r tho Year Ended Tho Tius18es, who arè a150 dir8etors ol Ihe Chawity for thè wrposes of Ihg Companies Act 2006, prèsènt th8ir report wilh the financial statements of Ihe Charty Ihe year ended 5 April 2023. The Trustees have adDPted Ihe prowsions ol Accounting and Reporting by Charities." Staternenl of RewmmerKJ8d Practi applicable lo Charit5 preparing their accc4Jnls in accordance wilh the Finarrt?al Rerx)rtirg StaTrJard alICate in Ihe UK and ReputAic ol Ireland IFRS 1021 lelfective l January 20191. OBJECTIVES AND ACTIVITIES Objeclivès and alms To preseNe for Ihe benelii ol the psople of Bath and Itt¢ naiwjn. the hislorKal. ¢hite¢tural and ¢¢)nstru¢btsnal heritage that may exist in and around Bath & North Easi solSe1 in builjings lindudiro any structurè or èrection. aNI aty part of a 1y1n9 as so defined) of particular beaiity or hisiorical. architectur or CstrUctiOnal interest Witlh parts"cular relence to th8 GrgIan bathing krw)n as Ihe CA81and Pools. Signifieanl •ellvlti•$ In Seplernbtr 2022. Ihe Cleveland P¢)ols restoration woths aclNeved WaCtcCffipkts0n ofthe main consiruetion contract. A well-alletsJ8d celebratwy èvant and a small number of test events in Auturnn 2022 prov¥Jed as5uranca that the pools were ready lor cokl water swimming. This represents a signifKant milestone lor Ihe Tmst. foljowng rornmenc8ment of main construction works in April 2021. In C¢InctIon with Ihe p¢ds' rastoration Irks. thg Trust has contind to build- up a large volunteer base ol more than 125 people, engage vAlh many community groups to rea¢h out to a Vider awlien¢e, and share and involve the pe(fJk. Thesè achievements arè Ihe cumulation ol many yeats ol ¢Jedicated effort ol Ihe Twst and its many vonteerS, and signifranl step fofward by ts frust in lh¢ wrsuanr of its aThs obl185. Publlc beneflt The Trustees have remewed the Chawty crynmissions gUIdae on thè requiwenl to report on pubhc benefit. They are saiisfled Ihat the work ol ihe Tfust. as descriijed bek)w. accords its stated obpcts. a1 pro¥e$ tangiblepubltc benefit lo an appropriate SeCtv ol Ihose who reskye Within the Trusfs areaof benefil". Ihey believe that the tsiteria used to assess Ihos• wtho may beneffi a¥e nol unreasonabty resiitbve. ACHIEVEMENT ANO PERFORMANCE The Tru515ubmitted a 5ucces5ful Stage 1 apatron fo the Nat)nal Low Heritage Fund INLHF) torrnerly HLF. in March 2018 which was followed with a Stsge 2 aNAirAtn which was in December 2018..This enabled the Trust lo appoint Ihree rnembefs of staff lo manage the development and irnplemertaiion of the woject on ils behall. The professional design team membeis were re-engaged and the pre<ommencement coThJilions 10 thè PlanniThJ Pemiission, including a construct) Management PL4n were deterrruned in consultation with the Jocal F4anning authority. The project's caKxtal projramme lor the re51oralion arKI upJradirvJ of the poots was terred to the constructK)n rnae1 and bona fide teThYer5 were received uTrYer a Iwo-siage wwlure. Beard Consiruction ¥as appointed to undertake Ihe agreed works. Trusi c4)iained Fwmission to siart, the projea Irom NLHF 10 Ihe outbreak of ihe Covid-19 pandemic and lortuiiously hdd baek from snIng thè eonstructitsn conlfact th 8•ard in March 2020. At that timè, the tendered work$ were at a value of £4.7M. The impaet of thè pandemlc on con$truetion inth&stry is well documented and the eonsequenty'al rise in costs due to a shortage of latxwr. prolongab"on, practtal reStrtionS on conslrLKIKJn adiwty due to covJ operatical pr¢Cauti1 and S)rtageS and availabilty of ConstrL)n matla18 in the $uN)ty chain. Page 1
CLEVELAND
POOLS
Clwdand Pools T
ort of the TrU••S
he Year Ended S
ri120YJ
ACHIEVEMENT AND PERFORMANCE ¢ontlnuad
Emergeney lunding was FxovK1ed by Ihe NLHF duriThJ the summer month5 of 2020 to ¥ei&n staff, fuThJ ongoing [leSS)al
fees and prg-contracl aclivities. 8y CkILr 2020 it was Car Ihal costs were e5calatirg oul of the Trusvs control and Ihat
the project's futurè was in doubt. At this time a fun <0St1p0 was carrwj out and atplication5 for additional luThJing
submttted to the NLHF, the DCMSS KKkstart Fund aThY Historic Englan(J. As a resutt, projecl status wa5 raised lo on8 of
national priority wilh the NLHF an(J in December 2020 the three w.paI fuThJets Ofte a lolal of £1.7M in additional
funding lor the proieci provided thai a conslruclion contraei was èntèrèd In by Ihe 31si March 2021. This deadine was
met and a 15 month contract was entered Into betren Ihe Trust and Beard Construeijon. Al the same bme a further granl
ol over £0.5M was rece4vetJ Irom Sdix Finance under the govemm8nt's Pub5c Sector Dgearbonlza0n FuThJ io linarte Ihe
projecf5 wat¢r source heat pump to heat the sv•imrning water durirMJ Ihe summer rRriod from renewable sources.
In Ihe year to S April 2021, the ¢051 of the caFrflzl has risen Irom £4.7M lo £6.8M with other relaled rise5 in Trust
overheads Ikwolongalion and extenson ol contracts of mMentlhIhe the members ol siaff. insurances, vtitsly costs
elc.) and design team and project managEymenl probThJation. The Twst has rnaintaird rt5 fund-rajsiry slralegy Ihroughoul
this ditricutt pèriod and fuThls c0fttin to be ratsed i4yte Ihe thalgryes in thè p)st
CLEVELAND POOLS Cle¥dand Poo15 T Re rt of the Trustees tor lh• Y•ar Ended 5 A ril 20TJ FINANCIAL REVIEW Flnan¢lo1 posilion In the year to 5 April 2023. tho Trusi income 01 £693.125. lsd0? shghity eonwredto the wor years income 01 £768,573. These irKome frgures reflecl grants, rfflrnents trath"rwJ activi15 in ts re5P8Ctive years. Majof granl income recognised in the year. indu¢Jes Balh 8 rth East Somerset COU11 £590,000 and Nationd Lottery Heritage Funf1 £48.000. In the prior year. major grani income ognised. includes. the Public Sector Decathnisatson Fund a5 administered by Bath & North East Some1 Counol £557.230 aThJ Fh"storic Ergland £123.047. Cumulatively to 5 Apn'l 2023, Ihe wols restoratiw proiect s pre&)minatety funded by." National Lottery Heritage Fund £6.521,41K), Public Sector Decarbonisation Fund alfflinistered by Baih & North East somers Council £557.230. Hisloiic England £536.007 and Bath & North Ea51 Sornersei Council £765.CKJO. LtnatK)n5, iluding Crowcllunding an(1 g¥ant donabons Irom various chaniabje i011d £423.&33. Oire¢t expèndilure during the year io S April 2023 increased to £132.51 l. CoMpad agwnst £109,730 incurred in the prior year. This adchIn81 direct expeTrJiture arose, desptte 5avifiys including reduced staff costs of t4,656, Insurance and electricity power charges inueased by £40,925. These insuranee arwj dectricity powèreosts were F•Ssary maintsin lh• pools following the cornpfeled restoration in September 2022 through to the tina115abOn of Ihe sub-18aS Wrth the appointed pooLs operator.. FusKJn Life5ty18. AddltKJna1. a furthar £2.259,284 of exp8ndilure on the Clevèland Pools ' reslofafr.on was incurT8d catytahsed in th• yèar. TO1 Capi1$ed spend on the resloratiw project now stands at £8.102,762 on 5 Awl 2023. Trust funds as at 5 April 2023 were £8,523,00912022.. £7..3951. This is represented by fixed assets t8,105,30312022- £5,846.0171. stock £1,64712022 eoi. debtors £519.l2022. £t.860.6031. cash al bank and in hand £157.45012022." £1,131,924) less liab"lities 01 £261.381 12022.. £876.1491. Financi year 2023124.. The new pontoon instlat)n, which is rEede(I to access and servi¢e the project srte fr¢)m the liver Avm was rè4esigned, satisfy chaThJ6s in natal gislab"on in rèsponse lo the climate change emergency as reqUId by the Enwronment Agency. This tment was wlhthawn trom ts main tonslntlion conlraei. and the inslalab'on awarded to a spècialist contractor in May 2023. Wowks arè Fwc¥Jressir¥J strorvJty. aThJ costs rsmain wilhin bget. Completion ot Ihe pontoon inslallath?n is talted for SwThJ 2024. Prln¢lpal ilsks and un¢¢rtalntS•s The principa risks to th8 Charity are listed beh)w. abjng ith Ihe t£n len'. catal risks in the period related to the ¢omrAeb'on ol the cwtal works to the pjols and funding of this. Risks managed by the engagement of prolessional advisors such as a proieci manager and quanlty Surveyor. a1 gular managemenl ol Cash forècasts. This risk has now significantty dUCed as the captd works to the pools were cornplèied in September 2022 aThJ the kKsnioon contract Is reaehing completion. Upcorning risks arouryl the Come1K)n of the ponloon aThJ Ivndiry. Thi5 is miiKJatgJ by having agreo(J a price with the contrauor, only instructin9 works folkjwing the confimialion oi funding. engagemenl ol wof?ssional athisots arKI regular project upjale meetings an(1 maintenance ol a risk register. Agreernent with an DratorIO operate th• pools. This risk has now ceasèd fOlh)J coMptiOn ol the sUbase 18gal agreement with Fus¥Jn leSty in Septernber 2023. Pe3
CLEVELAND POOLS Cl•v•land Pools Trust Re ort ot the Tntsttes for the Y 12tr23 Prlneipal funding soure•s A%ida frorn the incorne gènèratsd through lundraisiNJ actsleS. the vast maiority ol fundiThJ lor the TrLSt comes by way ol granls Irom the NaInal Lottery Heritage Fund, HlOrI¢ ETrJLand. lQ"ckstart Fund admintstered by Department of Culiuie, Media and Sport. Publ Sector Decathnisalion Scheme admiruslered by Bath 8 North East &xnerset Counovsalix Finance. and 8aih & North East Somersei cou11. The continued support of these organisations is widely appwaled by thè entire team invofved Mih the project. EsiablishirKJ OFPOrtunilies frr a much wider range of funding soyr¢es for Ihe luture remains a kèy priority. ReseThTes policy The Twsl has examined the requirem8ntS tor reserves in Ight of the man iisks to Ihe organi5ation. It has asiablished a licy whereby Ihe unrestricted fun(ts 1 commilled or invested by Twst Slu%1 be made avaiL4ble tor restricted expenditLtre. as and when requir. The charity reserves at Ihe 5 Aw"12023 tota& £8,523.009. consists of unlI1Cled È8.106,467 $tricted £416,542. At the year end, reslncted rèserves of £2.256,342 was reclassrfied and transferrèd 10 unrestrtted luThJs. This transfer reflects restri¢led income ihat was used io furKI rxiois ¥e5toration expenthtvre. wh was capiialised to Ihe balance sheet as an unrestred assel. FundiThJ ol this expendire was wedominanlty, NLHF £999.307. Bath & NDrth East Somer5et Counul £590.LN)O. Bath 8 North East Sfftrset c1s9 Finw £1.189 and Hislori¢ Engknd £53,685. The unrestricted luThYs at S April 2023 incknde £8.102.762 heritage assets. £2.539 of tarY•b fixed assels aTrJ invèstrnents £1. Therefore. free reseryes are tl.165. The next and final phase of the resloration ol Ihe aevelaThY Poots te fu by restricted fu1$ plus future fundiwj. Base¢l on budgeted acbvity expendilwe lor 20tJ124. together wilh the opening reslrrted reserves, th+ arè regarded as sufficieni 10 meei Ihe workiThJ capilal reqvirerTrents lor Ihe Twst and the Trustees are confklent thai Ihèy will t able to conb'nuè current actNities. Fund-Raising Standards Inlormallon The Charity doès noi carry out sNJnifunl fundraising 1"eS fr the general FUTURE PLA14S Ouring financi year 2023124,'th8 nexi arnj final phas8 01 thè rèstorKJn ol ihe C18velarKJ Potsls wll t Ihe labricaiion aWKI InstalLath. ol a new pontoon. This ponloon WMII provide rNer axess, as required in the Green Travel Plan, approved within the p¥¢4ect's planning perMLNJn_ The re-desNJn of Ihe ponlcx)n. lo meet with rew Environment Agency climate emergeney relatIo and perforrne specifuiions. io Irtreased costs and further delay to wiect ¢ompletson. The Trust having sècured the athJilK)nal funds io eomF4ete these works. fdlowirMJ tsva rounds ol competi1e tendering, in May 2023 awarded a contraet for the latrtaiion arnl installation of thè pontn. The pontoon is in place and the work to connect the intake and oullel piptwork which is housed undemeath the stwcture to sutpty the newly Installed water source heat wmp syslern wrth it5 vital sourcè of energy Is outstaTrJin9 and '[Yj programm•J wth an antKipated completi date in th8 Spring 2024_ At this pclnt rt wll then te p0sb to heal the pcd water. The Trust w) Septombof 2023 contracted Fusion LileSty. la charitable leisure tNsii to operate wth hjll resFKJnsIbiY tho Cleveland Po$ on Its behf, myer a full repairing and insuring sutF*as•. a gan thare agreement and Ihe joint management ol a sinking fur¥J lof luture major cwal r8plac•m•nts. This will indude respjnsibiity ol the pontoon once Ihe ponloon is ccxnpteled. These contracted arrargements were apwoved by NLHF, aThJ the site treeh)IYer. 8ath & N¢)rth Easl Somerset Council. Historic EnglarvJ, Salx Finance and WEC Page 4
CLEVELAND POOLS Cl veland Pools Trust Re rt of the Trusiees lor the Year Ernled 5 A ril 2023 STRUCTURE, GOVERNANCE AND MANAGEME Governlng document The Trust is a charitae company limited by guarantee. ir¢ryporated on 7 Feary 2005, and regtered as a Charty on 11 May 2005. The affairs ol the charitab company are govemed by its mOranrn of AsscKrdlion which established the objects and powe of the Char[tab company arxj is govwnod undei its Arbcbs of Associon. Mernbèrs guarantee to Contrile an amoLX)l Trjt exceet'ng £10 to Ihe assets of the chitable conwany in thè èvent ol nthn9 up. The Directors of Ihe company are its Trustees for the purkK)se ol chanty law and throughwt this rtpjrt are ¢ollÈchve referred lo a5 the Trustees. The membership of 8oard of Trust during the year at the yearnd is tisted atr. Reerultmenl and appolntment ol new Tnlee$ The Charity's Trusiees are recruited and aFpoinie(J as a resum of advertising campwins in ihe press, on social media or on the basis ol norrmnations trom existing Twstees a5 Boad seeks tts recruit suitatAè personnel with règard 10 their personal cornpetenco, $peciali5t sknlb arkd kjcal availabilily. Selectn is rnEd out by a trfjard ¢gmmittee of three Trustees which evaluates the skilLs and •xrRrience of aFplicants via an inteNiew procéss. The 8oard art thèn eonsultèd in order lor the final decisKJn of the appoinlrnent to be made. The Trustees seThe as volunteers and I•e r¥) payment for for the Charity. Or9•ni$•tSonal $trueture The Board of Trustees has respDnsilJ"lity for Ihe goveman¢8 afKJ admini5tralion ol the Charity. in Ihè wrsuanGe of ils objectives. The Art5 01 Association provJe that there must be at •St three aThJ more than fr1ve iNlividual Trustees. Twslees must hokj al least 4 rneeting5 each year, wlh each meetiThJ havtng a quowm of at leasl 3 Truslees. Gensral meetings are calkd on ai ast dear 21 days wniien nOte Slty1r the business lo be dffjcussed. Decision making Every issue may be deteined by a %mple majority of the votes cast at a meeb"f¥J, but a vrritten solubOn sned by all the Trustees is as valid as a resolution passed at a Meerj. Except fgr the Ch"r ol tha meeling, who has a S01 or casting vote, every Tiustee ha5 ore vote on eath issue. The Chair or lif the Ch•"r is unable or unwiNing to do sol some other Tntsteg chosen by the Trustees ryesenl we5ides at eath rne8lwig. Induction and training of new Truslees All the Truslees are mintjlul ol their duty to acl solely Mi th• intwests of Ihe Trusl. and their duty (under company law and charty lawl lo a¥oid conflicts tsf interest. All of thèTrus¢ees are informed ofthwr reswmtslililies a1 dutias and ar9 provid with appropriate guKlance and information to carry Ihese oul effeciwety. The Trustees hold fegulargovemarte woFshcps lauliiated by charity SUFPM agwries orwith eonsurtants fundecl by the Architectural Heritagè Fund. Theseworkshwjs are opportuntiies to updatè Twstees on changès to charity law, to the duties an¢J responsitxlities of Trustaes and lo )eff new Trustees on their roles and resKY)nskn"litses. Governance workshops are now being held with Fusion LIfese, the operator of the Pools. to ensure Ihat t4Jth the Trust Fusvn LiltStyl&. understand Iheir respeclNe ano Jow)I reSnbilits. Key management r¢munwaiion All Trustees give iheir time on a vc4untary basis. Twusiee retaled paity transxths are dis¢bse(l in notgs tts the a¢counlS. The Trust in the linanoal year empkjyed 4 stall who were [eskx)nsib on a day40aY basis. vjhose roles Inced proiera managing the r*xAs' reOfaon, proje admink8iration aThJ accountiNJ. and community liaison and engagement. sIe the practiul ol the main woLs' ¢Struction contract in Septtmb•r 20t2, staffiro is reduced lo one parttime employee is re5F4)nsiWe for administraling the day-l04ay finances. Employee remuneration is dètormined based on pay lev6ts lor the thll sets for the rol8 comparabb& th other siThlar organisations. Page 5
CLEVELAND POOLS Clev8d Pools Trust ort of the Trustees lor Ihe Year Ended S A Ai$k manag•mtnt The Tw5tees have 8 dutyto ideniity aN1 reviewihe risks to whh the Charity is exp)s&l arK1 to ertsu appropn.ate controls are in place lo provide reasonable assurance against Iraud and error. Thè risk r8gist8r lor Ihe man eonstrudion phase has been cornpleled and risks mibgated. The rnmaining risks rna1n tor the completion ol the pontoon, and Ihis is managed through monthly rneeliThJs ol Ihe trust and reguLai updated by the project consultants. A ngw risk regi%ler i% also in place to manage the rela'onShMth Fu5KJn Lilestyle and io ènsure the long4emi sustainability of Ihe FX)ob. All risks are reported at Truslees monlhty rneetiThJs, covered as spe¢ffi¢ agenda items. Sukwemenling this. the Trust abo maintains a detailed registerol all risks. iogeiher with ifflpact assessm?nts. actions controLs ostablish•d to mitigate risk impact. Page 6
CLEVELAND POOLS Clev land Pools Trust Ae rt of Trustees lor Ihe Year Erthd S A 12023 REFERENCE AND ADMINISTRATIVE DETA A•gisi¢r¢d Company number 05354621 (England and Wales) Ae9iSt•red Charity nUMr 1109433 Reglstered office Percy Cornmunity Centrè New King Slreel 8alh Somerset BA128N Trusiees Paul SIMOr (Chairl Christopher Chatten Ann Dunlop Ina Harris Roger Houghton Edward Prende*il Polly Aalhbone Ward Mary Slacey Leonora Slèvèns Alice Watsot) Trustee chang¥s during the wod and LP the ¢Jaie of the sh3nature of the finanoal stalements, were as folluw5'. Michael Davwn reS)ned 28 February 2023 Kath•rine H¢)Jges resigned March 2023 Rhyannon Boyd appointed 17 Au9USt 2022 aThJ 4 Juty 2023 Edward Prèndov1l appointed 3 July 2023 Christopher Chatten ¥cepied as trustee on 27th Novernber 2023 and wistered at Cornpanie5 House. Alice Watson is also known as Alice Le Page. Leolla Sievens is s0 known as Leonora Davies. Audltors Sumer Autht Siatutory AudilOIS Herrnes House Fire Fty Avenue Swndon Wittshire SN2 2GA Bankors Lkjyds Bank t. Miknm St, Bath. CAF Bank Lld. 25 Kings Hil Avenue. lfjngs Fhll. West Malffing. Kent. IAE19 4JQ Webslte Page 7
CLEVELAND POOLS Cletleland Is Trust rt of Ihe TNsteès for Yèar End•d S A rll 2023 EVENTS SINCETHE END OFTHE YEAR InlormatM)n relating lo events sirKe the end of the year gwen in the rK)les to lh& finawal Slatwnents. STATElIE OF TRUSTEES, RESPOIISIBILITIES The Truste95 (who ar• also the director5 01 Cleveland Pools Tw$irIbe purposes of company lawl are responsible for preparing Ihè Re)rt of the Trustees and Ihe h"nanaal statements in ac(x)rdarte vMh aF•"cab law and United King¢Jorn Accounfing Slandarcls (United Kingdom nerlY Awled Aon"] Pra). Cornpany law qUireS the Trustees io prepare finarKial slatemenls lor each finarKial yearwhich gN¥ a truo and lair view ol thè state ol affairs ol the charilatle ¢ompany aThY of the inu>m1 resources arnl applICat}n of resources, IrdIng the ineome and expenditijre, of the chariiable cornpany I that period. In ryepari tbose financial slalemenls. Ihe Trustees are required lo seknt surtable a¢¢ounting policw arKJ Ihen appty them con$istenity'. cA)serve Ihe rnelhods arKI pnnciples in Ihe Charity SORP.. make iudgemenls and estimates Ihal are reasonatrAe a1 prlent. prèpare Ihe financial slaiernents on gng ¢0M bays Un$$ il is Ina0priafr to wesume Ihat the chariiablo company wll continue in SIness. . The Trusteos are respons1• for kew.ry w0r acownb.ro reco1$ dse reasonatle aCra at any time tht linancial poslion of Ihe charrtable cornpany and to enab* them to ensure Ihai the linancial statements comply wlh the Companies Act 2006. They a¥e also r?5pon&bk for safwardiry the as5elS of lh& charitabJ8 coTry)any and hence for taking reasonable steps for the prevention and delection ot fraud ar¥J other irregularilies. In so far as Ihe Truslees a aware.. there 15 m relèvant audrt Informati ol the thantable companys auditors a unaware.. and Ihe Trustees have taken all 51eps Ihat Ihey ought to hav& taken to makè themsefves awarè ol arry rean1 audit inlomation and to establish that the auditors are aware of that Inlormaion. AUDITORS The auditors. &Jmer Audit, wll be pr¢wed lor re-aFwntment ai Ihe forttKorniThJ Annual General Meeting. Approved by order of the LKiard ol Trustees on 18 Deeènknr 20fJ arKI sb3ned on its by.. Paul Simo Pagè 8
CLEVELAND POOLS rt of th• Inde ndenl Audrtor$ to the Members Potsls Oplnlon We have allIed the financi staternents of aèvekThJ Pools Trust (the charitab18 wmpany) loi thg year ènded 5 A1 2023 which comprise Ihe Slatement of FinarriJ Actwities, the Balance s1, the Cash Flow Statement and nole5 lo the financial stalemenls, including a sumrnary ol signifunl accounting pokies. The financial reporting Irarnework that has b¢¢n applied In their preparabvn is Law aryl United Kwwm Ac¢ounb"ro SiaThJards Iunitèd lQngdom GenerlY Accepted AceountiNJ Praebc¢l. In c¥Jr opnton the financial stemerts: give a true and lair wew of the state ol the charitab company's affwrs as at 5 Apnl 2023 aNJ ol its inwnir#J resources arKJ apiCatIOn ol resources. inclurjing its Ir(ne and e¥kWK1t1u. lor the year ihen encjed.. have been properly prepared in accordance wrth Uniied Generaly Accepted Ac£cMJniing PraCe&. aThJ have been prepared in accordarte wrth the r8quirernènts of the CoMpanS Acl 20C6. Basis lor oplnion We conducted our audil in accordance with 1ntemab.onal Standar¢ts on Au(Jiting IUKI IISAS IUKII and appIable law. Our fesponsibililies under those siandar<Js are furiher described in the AudilOlS' spOn"1Ies lor the audit ol the financial staiements s•ction ol our reFM)rt. We are Inc1epeenl of the chantab company in accordance With the ethical raquirements that are relevani to our aLxlil oi the financial sratèmanis in the UK. ilL11rj the FRC'S Eihical Siandard, aThJ we have lulfilled our other eth1 respons1.11t1eS in acctsrdan¢e wth these reqLlirnefits. We believe that the audil evidence w8 have obtsird ts sufftrnt a1 apwopriats to a basis lor opinion. Conclusions relating to going ¢oncern In auditing the linancial statements. we have corl18d that th• trte. of the g)ir¥ Co•M basis ol xcounlwig in the preparatKJn of the finarla1 slaiements is aF4y0Ple. Based on thè we have pertofmed, we havè tsjt Identified any material urtertainties rèlating to events or eofyyitions that. Indivtdually or ¢olkntNely, may casl sMJnilicanl do1 on chan'table cornpany's ability tg ¢1)nlinue as a going CoeM lor a period of at least Iee months Irc*n when the rmanc4 statements a aulhuised for issue. Our iesponsit•lities and the wpor6th"h"ks of the truslees wlh respect to going core are described in Ihe relevant sections of this report. Other Snlofmation The Irustees are resFonwble for thè other inlormabon. The other information ryimprises Ihe inlormation induded in th Annual Report, other than the finartial statements aThJ our Rewt of the IleFndent Auditors thereon. Our otlnion on the linaneial statements does not the thher inttsnatn and, excepi to lh• èxi•M othèrwisè èxp111ty staled in our ieport, we do not 8xpres5 any lorm ol assurance thereon. In conneclion wilh our audit ol Ihe finanual slalements. our responsibih.ty is lo read the other information and, in doing so. eonsider wheih8r ihe Olher informaiion is maierialy ncOnSISteI 1h the finanoal statements or our knowledge obtained in tht audl ¢r olherwise appears tts bt Materity misskted. If we identfy such material InconsisienciÈs or apparent material mis51aternents, we are rèquired to determine whether thi5 gNes risè to a material rni55tal8rn8llt in th? finanei slatwnents Ihemsefves. If, based the worft we have pertomied, we ColYe that there is a rnalen misstalemenl of this Other infomiation, we are required to rep)rt thai fact. We have mihing to report in this regard. Oplnlons on other mallefs prtserlbed by th• Compnl•¥ Act 21 lft our opinion. based on Ihe work undertaken in Ihe cOue ol Ihe auth"I". Ihe information grv•n in the Report of Ihe TseS for the finartial year lorwhich the ffinar1 statemenls a prepaied is consistènt with the finartid staiernents.. and the Report of the Trustee5 has bèen prepared in aets)rdance aFpltsblè IW rewir¢mÈnts. Page 9
CLEVELAND POOLS Re ndent Auditors lo th Mattèrs on whleh wè ai• requlred to report by exceptlon In the light ol the knowledge and uTYJetslaThJiThJ of Chaiitab Company and rts envronment obtain8d in the course ol the audrt, av• ntst Njentsf marial Matern•nts In Ihe Rewt of the Trustees. We have nothing to report in 5Pt ol thè fc41oirg matter5 thÈr• the Cofflparmts Act 2006 requires us r•p)rl lo y rf, in our opinH)n'. adèquaie accounting records have not been kepl oi relums adequate for our autht have nol been received from branchès not ¥i¢ed by us," or the financial sialernent5 are It in agreement wth Ihe accouNiro records and retu.. or Certan disclosures of trustees. r8fflun¢ration specilied by Law are not made- or we have not received all the inforrnabon and exanatIOnS we requi lor our audrt.. or the trustees wera not entitted to lak8 athaniage of the cort4)$ exgmptth Irom the fequir$mgnt to prepare a Slrategic RepJrt ttr in prepariTrJ Ihe Report ol the Tw51ee5. Responslbllllles ol trustees As explained rtTr)re fufy In the Slalement ol Twstees. ResponsibHities. the Iruslees (who arè also the directors ol the charitable company for Ihe wrposes ol company lawl are resp)nsIe lor ihe preparation of the financial slaternent5 antj for being satisfied that they giv• a true ar fair vi8w. and for such inlemal contrd as the trustees determine is necessary to enable the preparation of financial staiements that a¥e Ie from matenal misstatement. whether due io fraud or error. In preparingthefinancial stslernents. thetrusteesare re5Fonsl•forassessing thècharitatle cwipans abiltytocontinue as a going concam, disdosing, as appIat1+. matters rLated to wng rA)ncem and using the gc¥Tha concem bas¢s ol accounting unk$5 the Iruslees ether intend to liquKlate the Charitab company orto cea58 operations, or have no realistic altemalive lt to do so. Our responsibililiès for Ihe wdit of Ihe linan¢ial slalernenl$ Ourobjectives a loobtain reasonabk assura at)utwhelherthe financialslatements as a Who are tree frorn material misstalefflenl, whether due lo fraud or error, arKI lo issue a ReF*y10l the Indeperent Alklilors that includes our opinion. Reasonablè assurance is a hwJh Ve1 of assurance. bul is not a guarantee that an aLKlil conducted in accordance with ISAS IUKI will aayS dèt8cI a material misstatsm8nt when il exists. Missiatements can arise from fraud or error and are considered material if, indivUallY or In thè aggre9ale, they coula r•asonabty b8 •NWCted to inlbjerta th• economic decisions of users taken on the bas ol Ihese linanual Strtnts. The extent to whith our e(kI[e5 are eapat4e of detecting irwukriThes. fraud is detailed bèlow: Based on our UnderstalIr olthe charty a1 the restoration work, we entifIed thal Ihe prwKipal rtsks of non-comF4iar with laws aTrJ regulatM)ns related to heatth aThY safety. empknyment law, Companies Act 2006 Charity Law. and we ¢onsidered the extent 10 ythh non<omlare might have a material elfea on the financial statements of the charty. We also considtrèd Ihose laws ar wulaiions that have a dirtct impact on tha preparation of the linanaal statements such as the the Charities Slaternenl ol RecommerKled PractKe Cornpan 20¢. Page 10
CLEVELAND POOLS rtoflheln ndent Audltor Cl•veland Pools T the members o We evaluated managemenfs irentIveS and opportunilies lor fraudulèni maniwAatTon of thèfinarrtiat 5taternents linduth'ng the risk ol override ol controls) and determined Ihat the principal risks were refat&Y to revenue recognition. managernenl overrKJe, and managemeni b.as in accounting esb"mates and judgernenlal areas ol the financial slatements sh as the valuation of debiors. Audit prctedures pertomied by the audrt etYJagernent team included-. - dis¢u$&ons wrth management. widuding cr$1¢al ol known or suspeetgj InStsr¢S ol nCmllancQ wilh laws and regulations and Ira(Kl., - understanding aThY revew of managernent's inlemal controb des#Jned to pwent detecl irrewkrities. aTrY fraud,. - revièw ol the minutes ol the Trustees meelir¥Js", - designing audii procedures to incorporaie uned"11ty: - performing anaivtKal procedurès to ¥J•rtify any unusual of Unelted relatK)nth"ps that might dIcat• risks ol Material misstatement due to fraud.. - review ol the linarKial statements discSJsures andtestirwj IQ SUPFOrtirwJthKumentation to as585S c(Mwlran¢¢ with re18vant Laws and regulations ¢iscvss&Y above., - enquiring of Ihe Trustees and thirdariy advisors atut actual and pjtential liligaOn and Clwms: - ttsling Iransaciions bwiered Into outsKle ol the nomial course ol ltte chanws business." and - Klèniifying and testing Joumal enifies. rn part1 any Jownal entries liaud characIertiCs sh as journals with round nuffl)ats. There are inherent ffimitalions in the au(kl procedures dexrted above ar the further reffloved nOnMIlae with laws and regulations 15 from the events and the transaclior6 reflecled in the fina1 slaternents, th8 less likely we woukl becorne aware ol it. S0, the risk ol not delectiro a material misstslem8nt due to fraud is hyher than the risk ol not deteeting one suIng from error, as Irat may invofr4e dellxrate conceakn&)t ty. lor exampb. forgery or inlentKJnal rnisrepresentations, or Ihrough collusion. A further de5GriPtion ol our resn$1b1lID.es Ioi Ihg autht of thè finaal ststgmerts is kjcatod on the Financial Rèporting Councils webslè at ¥W.ITc.OTg.uhJaudito5pQnsItIl"$. This description fomts part of our Rewrt of the Independent AdItOrS. Use ot our report This rep¢)rt 15 rnaije solety to tl chariiable compar)y's members. as a toty. in accordae with Cwèr 3 01 Part 16 01 Ihe Companies Acl 2006. Oijr audit work ha5 In uThJertaken so thai we myht stalg to the charitable company¥ tnetnbers those matters we are required to slate to them in an auditors, port forrK) otrerwrpose. To Iht fullesl extenl pennitted by law, we do not accept or assume responsitility to anyone other Ihan charitable company and the chartsble company's members as a body, for our audil work, for this report. or lor the opnhin5 we have formed. James Gar? FCA DChA Isenw St*utory A41t0r} lor and on behall of Sumer AIrt Statutory Auth'iors Hermes House Fire Ry Avenuè Swindon Wiltshire SN2 2&A Datè.. 20 December 2023 Page11
CLEVELAND POOLS Cleveland Pools Trust aiement of Flnancial Aetivilies for Year Ended 5 A rll 2023 2023 Tolal nd5 2022 Tolal fund$ UNeSt(ted lund Reslrp#¢<l Notes INCOME AND ENDOWMENTS FROM Donaiions and lega¢vds 689.818 689,818 763.474 Othef trading activilie5 3,307 3,307 Totsi 689.818 693,125 768 573 EXPENDITURE ON Raising lund5 2.943 Chariiablo aellvltles Potsl restoration 129,568 729.568 109,250 To1 132511 NET INCOME Transfers beh¥een funds 560.250 560.614 658,843 21 Nèt mo¥•m8nt In funds 2.258,706 {1.698.0921 560.614 658,843 RECONCILIATION OF FUNDS Toial funds brought forward 5.847.761 2.114.634 7.962J95 7.303,552 TOTAL FUNDS CARRIED FORWARD 8 IC6.467 416,542 8.523,009 7.962,395 The notes fo part of these fv)ancial siatements Page 12
CLEVELAND POOLS Cl•¥elaThl Pools Trust isternd number: Q5354621 Balancè Sheet 2023 Total funds 2022 Total frjnds Uniestrict Restred fulS Notes FIXED ASSETS Tangible assets Heritage assels Inveslmenls 14 15 16 2.539 8.102.762 2.539 8,102.762 2,539 5,843.478 8.105.302 8,105.302 S.846.017 CURRENT ASSETS Siock5 Debtors Cash al bank and in Xand 17 18 1,647 136.ClJO 18,6011 1,647 S19.990 157,450 383.990 1.860,603 1 131 924 119.046 560.041 679,087 2,992,527 CREDITORS Amounts Iling (kne v•ithin one year 19 1117.8621 {143,499) 1261.3611 1804,7301 NET CURRENT ASSETS 416,542 417.726 2 187,797 TOTAL ASSETS LESS CURREMT LIA8imES a.lr.486 416.542 8.523.028 8,033.814 CREDITORS Amourts falling due after n) Ihan ye 1191 171,4191 NET ASSETS 8.106.467 416.542 8,523,009 7,962.395 FUNDS Unrestricted luThJs Restricted fUlS 21 8.106,467 5,847.761 TOTAL FUNDS 7 962,395 These linanoal staternants have been wgparsd #i accorda Iwth Iho aprAicat40 io tharIte cornpanies subject to tre small companies rtyme. The financid statements were aFprovetl by Ihe Board of Tru$w and autho• for issuè on 18 December 2023 were signed on its behaw by: L Sten$- Trusioè The ncths form part of ihese fffjarK3al statements Page 13
CLEVELAND POOLS Pools Trust Cash Fkni Stst•m•nt for ihe Year Ended 5 A 12023 2023 20?2 tes Cash flows from operating actlvities Cash generated frorn (wra"OnS 1 284811 5 872.339 Net cash Fxovkjed by cpeFalivJ &bwlies 1.284.811 5,872,339 C05h fl¢)ws from Inv•sllng a¢t•vlll•s Purchase ol heritage assets Purchase ol fixgJ ass InvlMents 12259.2841 15,057.7341 Nèt eash used in Imiesiing admb.es 2.259.285) 5.057,7341 Chonge In cash and $h equlvalents In th• repotllng perlod Cash #nd cash equlvalents at the be9lnnbng ot th• r•portlng rftsd 1974,4741 014,60S 1 131,924 317,319 Cash and cash equivalents •t the end 01 the reportlng period 157,450 1 131 924 Thè notes lom) part of these linanoal staten*nts Page 14
CLEVELAND POOLS Clev 10Th1 Poo15 Trust es lo the Cash F14)W tement for the Year Er#aed 5 A rll 20fJ RECONCILIATION OF NET INCOME TO NET CASH FLOW FROkl OPERATING ACThIITIES 2023 2022 Met Income lor th? reporllng perlod (as per the Statement of Flnanclal Adivitie$l Adlustrnents for: Increase in stocks Decrease in debto IDecréas•ifin¢rease in credi1$ 560.614 658,843 11,6471 1.340.613 614 769 4,450,101 763 395 Net $h provlded by optratjons 1,284.811 5,872,339 AMALYSB OF CHANGES IN NET FUNDS At 6.422 Cash fk At 5.4.23 Net cash Cash al bank in hand 1 131,924 974.474 157.450 1.131924 974.474 Total 1,131.924 974,474 157,450 The I$ forn part of Ihe5e finanual stateTh*nts Page 15
CLEVELAND POOLS c1•¥nd Pools Tr Notes to the Fineal Statemenls r Ended 5 A rbl 20 STATLrroRY INFORIAATION ClevtlaThJ Poo15 Trusi Is a panY Iimrted ty guarantee, without Sha caprtd, registered in EtKJland and Wales. In the evènt ol the charity Ing wound up, Ihe lith"h"ty in respect of the guarantee is lirniled to £1 per member ol the charily. The charity's registyation number aTrJ rw5tered office a&Jress be lourKJ in ihe trust5, repJrt. ACCOUNTING POLICIES Ba¥ls ol preparlng the financlal statemts The finarKial statements of the chariiaue conyary, wl)ich is a benèfit entity under FRS 102, have been prepared in aCcOrdare wrth the Charitos SORP IFRS 1021'Accounliry aThJ Repothng by Charities". Statement of Re¢ofnmen(Jed Practice 4ylieable to chariknes pr¢paring thr aniS In accordanc6 with Ihe Financial Fleporting Slandard appIae in the UK and Republt ol Ireland IFRS 1021 leHe¢tive l January 20191,. Financial RepDrting Standard 102 The Financial ReportirMJ Siandard appl'cable in the UK and Republi¢ of IfalarKI' and the Qornpani¢s Aci 2006. The financial statements have bèen prepaied under Ihe historical cx¢st cOnventn, wth the exceplion of invesbnenis wh£h are indu¢Jed at mathet value. The financial staternents art prepared on a going Cor1 basis under the historical cosi eonvention, modified to incl ¢ertain items al lair lUe. The sts18mnts are wgw8(J in sièrling whith is thè lunciional currency ot thè ¢haiity and rounded to tl nearest pound. There are no ggnificant aaS of I&JeMents or key swrces 01 ¥3timalion UrtaInty. Golng concern In September 2022, restorath.on of the OIS was coMeted. As of April 20 the Tru51 has lundiThJ inplace to complete thé pontoon works with an anticipated coMtIl0 dale in the Sprir¥J 2024. In Septeffer 2023, Ihe Trusi signed a Subase agreernenl with Fu5h?n knlestyb2 to OFeratè the Celand Poc4s on its hall. On this basis, the Irustees consider it approwiaie to prepare the finanoal statements on the wing eonceTn basis. This assumes thai th• charity will continu• in operat existence for the foreseeat4e future. In makiry this assessment the trustees have revwed the balance sheet. the likdy lubJrecash fbws ofthecharity aThJ have con5xlererJ the tunds available al this wnl in limè. Trustees considor that the are no matgrial urtertainiies ab)ut the Charity's atality to continue as a going concem. Proparntlon ol conso11d•t financlol stal•mw The financial statements contain information about c¥aTr Poob Tfust as an indivkyual company and do not ¢ont8in consolidgd financial InlomatTr as the parent ol a grp. The cfwity is exempt urM1er secb.on 39912AI ol thè Companies P£t 2006 fr¢)m tt)e requirements to Prepa conso&dated finartial staiemtnts. Incomt All income is recognised once the chanty has entillernent lo Ihe irtome. Ihere 1$ 5uffityert certainty or f1p1 and so it is probable that income will be re1Ved. and fv amount of iome receivable can be rnea5ufed reliably. lrtome Irorn govemment and other grarts. vtheihei grants or 'revenue' granls. is recognised when the ¢harty has entitlement to Ihe funds. any perIorrnae cortlitions attached to the grants have been rnel, rt 1$ probable Ihat Ihe incx)rne will b8 reeivad and the arrrt)unt bè measured reliat4y and is rK)t d81errad. Granls wlh perfomiance co111)r altthd areonty recognised orte the charity has metthe performance r&laied conditi. Page 16
CLEVELAND POOLS Cl•v•land Pools Trust Notes to tl Financial Statements- continuÈd lor the Year Erthd S rll 2023 ACCOUPITING POLICIES- eoTrtlnued Expendlturt Liabilities are recogni1 as expenditure as scon as there is a legal orconstructive obl1gationcomrnilng the ¢harity to that expendilure, it is p¥obthe thai a Irarnsfer ol economic tenelrts wll be required in 5ettment and the amount ol thè oNigaiion can bè mèasured rdiatAy. EnlUre is accountèd I on an accruals basis and has been classrfied under headiThJs that aggregatè cost reLa1 to Ihe caiegory. Where costs cannot be directjy atlritsjted to particular h8adirys they hav8 baen alocated to aclr¥ib•S on a basis co1nI Y+ith thè usè of rasourees. Tanglble fixed assets Deprecialicm is provi¢Jed al the f1w1n9 ar¥)ual rates order to write off each asset over its estirnated useful kfe. Long leaseho not The kjng Itasehokl relaies io the 150 year okj base tsl the aevek4nd Pools. Heritage awts The chatity has heritage assets, Ihat is, nOntary assets wilh htstorK. artist. scientific, techrKJbgKal. 9ttsphysical. oi •nvironmental QUaleS Ihat hehj and maintained prrti)ally for thwr contrtJuliL•) lo knOWdge and culturè. The tharity spernling sub5tantialy to rerrf)vate the PooLs $0 that the Poots used for operationJ puSeS. This is wilh the inlenlion lo contract knth an exter third paty to 0rate the Poob. under a management agreernent. This cost of renovaln is rAPitJised and reported separalety VleT a heritage asset heading within tangle fixed assets. The costs carxldised a pair works lo Ihe pools. pod 1xIding$ and boundaries, professional costs induding ar¢hitectS. Sfructural, mefthanul an(1 electr1 engineers. quantity surveyors. and the payrdl cost of the project rnanager emph)yed by the tharity. Ai wesent, all these assets areCu[nllv undw C{truct)n and fvture accounts will the depreciatiw poli¢iè$ as they are detemiineil. Fixèd •$sel InvÈstmnts Invesimenis In subsidiaries are measwed at ¢ost impalmnI. Slocks Siocks are valued at th8 bvftr ol cost and nei rnalisabk value. aft8r makwJ due alk)wanc• lor obsolete and slow rnoving itèms. Taxatloft Tha ehardy is ex8mpt Irom corrN)raln lax on ts ehiiable acbviijas. Fund accounting UnreStrted funds can be ed in accryijxe ilh the charitable rtjjeclives at the dis¢retion ol the trustees. Restricted lunds can onty té used lor ptheular reslricted wrposès thin the obpcts of the charrty. Aeslriclions arise when spècified by the (Sjnor or wfEn ftjnds arè ras8d lor particutar rèstittwj purp058S. FuNh•r ¢xplanatiM of the n*ure aThJ wrpose of each luThJ is indJed in noles lo the finanoal Slements. Pag8 17
CLEVELAND POOLS lv land Pty)Is Trust totheFi men .con lor Ihe Year Ended S ril 2023 ACCOUNTING POLICIES- eoniinu8d Debtors Tr and other debtors are recognis8d at Settrren1 arnouni due after any trade discA)unt offered. Prepaym8nt5 are valuèd at ihe amount prepad nat ol any trade discounts du•. Cash ¥1 bank and in hnd Cash ai bank and cash in harKI indudes cash and short lemi hhJhly IIquKI investments with 8 sh)rt maiurty ol three months or less frorn the date of acquigtw ¢y openiry of tthe depogior sirnikr awount. Credltors and proNisions Creditors and provisions are recognisè(141)efy the dnty has a wesenl oblKJalion resuttitYJ Irom a past event that V11 probably resull In Ihe Iransfer of furNJs to a thi party the arrK)unt due 10 settle Ihe 0gatIOn can be measured gr estirnaled rek"abty. Creditors and pfow$ion5 are nomialty reoogni5Ed ai their sellkment amounl atsr alk)wing for any tr•Je d'xounts thje. Flnanclal Instruments The trust only has tinancial assets ar¥J anCIal lthlities ola r1 Ihatqualty as basic finarval instwmgnts. Basic finanoal instruments are iftrtiaty rwnised at Iransacbon value and subwuentty measured at their 59tt18menl value. Pension eost$ ard olher postwl•tir•m•nl b•nefits The Charitab company operes a defined contrib(rtKJn pension schemè. ContrtMJtions payab 10 the charitable company's pension stheffle are Gharged lo the Statement of Financial ActNilie5 in the pÈrirJ to wfN"ch thèy te. Page 18 con1u*...
CLEVELAND POOLS Pools T Notes lo the Flnancial Statements- contlnued for th• Y•ar ended 5 12023 DONATIONS AND LEGACIES 2023 2022 Donations and grants 689.818 763,474 OTHER TRADING ACTNMES 2023 2022 s¢5 91 rn8rchan(fi. wt8 touts tas 3,307 5,099 HAISING FUNDS Raising donaiidrts le9ocies 2023 2022 Fundraising costs 480 CHARtfABLE ACTIVITIÉS COSTS Direct Cosls159e nole 7) SupkK)rt cost5 {598 note 81 Totals Pool Torat 71.378 58.190 129,568 DIRECT COSTS OF CHARITABLE ACTivmES 2023 2022 Staff $ts Other direct ¢osts 34.673 30,017 71.378 86,040 SUPPORT COSTS Goveman costs Management Totals Pool re5toratity) SuFPOrt costs, irKlt*Jed in the above. are as fol¢>ws.' 2022 Total activitios Pool resloratv)n Other costs Auditors, remuneralic 51,690 17.210 6,000 23.210 Page 19 ¢oniwiU...
CLEVELAND POOLS ae¥el• Pools Trust N tes to Ihè Finanelal Statements- eon torlht Y•ar Ended S A ri12023 NET INCOMEiiexpENDITURE) Net irtomèllexpeTh1iiurel is ststed after chargiWlcreth"n"rNJl'. 2023 2022 Aut1ilors' remur*ratK)n 6,000 10. TrUSTEES' REMUNERATION ANO BENEFITS Th¢re were no rntstees. reftxmeraiw)n or other benefils for the year ended 5 April 2023 lor the year ended 5 April 2022. Trustees. expenses Expenses ol £426 Te paKI to 3 truslees during Ihe year12022.. 1 trvstee pd £2041. 11. STAFF COSTS 2023 2022 Wages and sae5 Soci¥ security ¢osts Other per6K)n costs 52.609 71,343 2,559 1,519 1.086 53,695 81,420 less amount caFXtalised 19.022 34.673 30,017 Thè average morthly nunknr ol employees thJriThJ Iht year was as folows: 2023 2022 EmFAoyees No employees received omolurnents exce55 of £60,CQO. Page 20 Continu1...
CLEVELAND POOLS Cleve Notes 10 Ffjnanelal Stalernents- ontlnued lor Ihè Year Ended 5 rll 20fJ 12. ' COMPARATIVES FOR THE STATEMENT OF FINAIKIAL ACTIVITIES unrestn.cled fund Aestricted funds Total lunds INCOIAE AND ENDOWIIENTS FROM Donaticns and legacies 763,473 763,474 Other trading aCtilieS Tolal 5.100 763,473 768.573 EXPENDtriJRE ON Raising funds 480 charitab aetlvllles Pool restoralion 109.250 109.250 Totsl 480 109.250 709,730 NET INCOME Transfers between lund$ 4,620 5.075.734 654.223 5,075,734) 6S8,843 Net m0men1 In lur S,080.354 {4.421.5111 658.843 RECONCIUATION OF FUNDS Total funds brought fon¥Jrd As previousty rewrted Prw year adjustment 767.407 246,480 6,289.665 1,013.887 6 289,665 As restated 767.407 6.536.145 7.303,552 TOTAL FUNDS CARRIED FORWARD 5.847.761 2.114 634 7 962 395 Page 21
CLEVELAND POOLS nd Pools Trust Notes to the Flnancial Ststements. eontln lorthe Ythv Ended 5 A 120T3 13. GOVERNMENf GRANT INCOME 2023 2022 Herilage LoltEry Fu Bath and North East Sorrerset Cwn¢il Histor Engknd 48.oc 590.aoo 557,230 123,047 There were no unfulfilled conditions or olher conbr#Jenoes attaCkd lo Ihese grants. The charity has not directly benefiied from any other fonns of go¥errent asSI51aa. 14. TANGIBLE FIXED ASSETS Long leasehokj COST Al 6 April 2022 and S Apn"12023 NET BOOK VALUE At 5 April 2023 2.539 At 5 April 2022 2,539 15. HERAGE ASSETS Total MARKET VALUE Ai 6 April 2022 Additi$ 5,843.478 2,259.284 Al 5 4)ri12023 8 102762 NET BOOK VALUE At 5 April 2023 8.102,762 At S 10ri12022 5,843,478 The Heritage Lollery fu1 requtred a chargo to be grand over tho CknveL2nd POJLS as sewrty. Thi$ requirès th8 eharity to ensure the px*ls operate lor at leasl 20 years from the ¢Jate the wo11 is conylete. All h¢ritagg assets are ai COSL Page 22
CLEVELAND POOLS Cle¥el•nd Pooh Trust Notes to Ihe Financial Statements. conllntsed tor th• Y•af Ertdtd 5 A 16. XED ASSET INVESTMENTS Shares In group undertakings MARKET VALUE Additions NET BOOK VALUE At 5 April 2023 At 5 April 2022 Thera Wa no invèstmenl assets lS"de Ihe UK. Th company's investments at the balance sheet datè in the share capital of companies indude the lollowing: Cleveland Pools Trding Llmitèd Registered ofte.. Uniled Kir¥>lom Nalure ol business.. Ret1 salts Class ol shar•= Ordinary holfing 1(Y) A summary ol tre linartd perfomwKe ol Ihe &tsidiary is shown telow. The subs**ary WAII donate its prolits to the charity. 2023 Turnover Cosl ol Se$ 4,788 3,300 Gross profit Administrative eXse$ 1,488 The aggregate ol a5s8ts arx1 &th.lI8S were". CurTht assets Current lia"11•$ 5,191 Total nel assets Agegate share caF¥ld aNJ reserves Paog 23 continu•J...
CLEVELAND POOLS Cleveland Pools Trus¢ Nos o the Flnanci I ststements- c tor th• Y•ar Erl•d 5 A rll 2023 17. STOCKS 20rJ 2022 Stocks 1,647 18. DEBTORS: AMOUNTS FALUNG OUE WIThIN ONE YEAR 2023 2022 Trade dpbtors her ¢Jebtors VAT 136,C 383. 1,673,164 187439 519,930 1,860,603 19. CFIEDITORS: AMouKfs FALLING DUE w[TH ONE YEAR 2023 2022 Trade credLtors Arnounts owed lo group undertaj$ Sociat seeunty and olher taxes VAT Olher creditors Accruals and dèletyed income 15.693 477.610 2,591 13,351 102.693 125.095 68,307 256,222 CREDITOAS: AMOUNTS FALLPIG DUE AFTER MORE THAN ONE YEAR 2023 2022 Other creditors kcruals and deferred income 19 19 71.400 19 Pagg 24
CLEVELAND POOLS Cleland Pools Tru the Flnanclal StatemenlS- eontlnued for Ihe Year Ended 5 il 2023 MOVEMENT IN FUNOS Transfèrs betsveen lunds movement lund5 Al 5.4.23 At 6.4.Z2 Unr*strlcted funds General lund 5,847.761 2,258.342 8,106.467 Reslrleted funds Pool rgsloralion 2.114,634 560.250 12.258.3421 416.542 TOTAL FUNDS 560,614 8.523,009 Net movement in fiJThts, inclyded in thè above are as folows.. IncomirKJ Resources expended Movement in funds Unrestricted lund$ General lund 3.307 12.9431 364 R•strlcted funds Pool restoralion 6B9.818 1129.5681 560,250 TOTAL FUNDS 693125 1325111 560 614 Page 25
CLEVELAND POOLS a•v•land Pools Trusl he Financial Stat•ntnts- Continuèd lor the Year Enthed 5 A rll 20Z3 21. MOVEMENT IN FUNDS- eomlnued Compar•tives tor mowm¢ni In lunds Priof year adjUstnnt Net movement in funds Transfers betrn funds At 5.4.22 Ai 6.4.21 Unrestrlcted funds General fund 767.407 5.075.734 5,847,761 A•strfcted funds P¢)ol restoration 246.480 6.289,665 654.223 IS.075.7341 2,114.634 TOTAL FUNDS 1 013.887 6.289.665 658.843 Comparative movement in fvThYs, Iuded In the ale are &s tolbws.. kncoming resources Resources expended Movernent in funds Unre$tri¢i¢d fvnds G8neral ILNWJ s.1j 14801 4,620 Restrieied furrtls Pog1 resloraiion 763.473 1109.2501 654,223 TOTAL FUNDS 768 573 109.7301 658,843 Pool Restoration. fundiThJ receNe(I for Ihe reStoratn ol the Clevdand Pools A transfer has been made out of the pool restoration fuThl to the general fund forw0 done on the pool restcfalion Ihal 15 accounted for as a heritage asset. CAPITAL COMMITMENTS 2023 2022 Contracted bul not wtiv¥Jed lor in Ihe finla1 slaiements RELATED PARTY DISCLOSURES Thè chantAe company has tsken a¢fvantage of exempii)n. under the tem)s of Financ1 Reporting Standard 102 The Financial Reporting Stsndard appThb in the UK aThJ Republt ol IrelaThJ'. not lo disclose rglated party Iransa¢ln$ wth wholfy subsbJiaits wttfN"n the grcw There were no related paty transathns lor Ihe year erJed S April 2023. Page 26
CLEVELAND POOLS Clevejand Pools Trust Notes to Ih Finan ial Staiements- contirnAd the year Ended 5 24. POST BALANCE SHEET EVENTS In Septernber 2023. th• Twsi Sig a Sutr• agreement vlilh FLwon Lilestybe io opeole the Clev•Land Pools on its behalr. Pag• 27