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 #195 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 Sl*el 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 Charit￿5 preparing their accc4Jnls in accordance wilh the Finarrt?al Rerx)rtirg StaTrJard a￿lICat￿e 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 so￿￿lSe1 in builjings lindudiro any structurè or èrection. aNI aty part of a ￿1￿y1n9 as so defined) of particular beaiity or hisiorical. architectur￿ or C￿strUctiOnal interest Witlh parts"cular rele￿nce to th8 G￿rgIan bathing krw)*n as Ihe CA￿81and Pools. Signifieanl •ellvlti•$ In Seplernbtr 2022. Ihe Cleveland P¢)ols restoration woths aclNeved WaCt￿￿cCffipkts0n 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¢￿I￿nctIon with Ihe p¢ds' rastoration I￿rks. thg Trust has contin￿d to build- up a large volunteer base ol more than 125 people, engage vAlh many community groups to rea¢h out to a V*ider 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 vo￿nteerS, and signifranl step fofward by ts frust in lh¢ wrsuanr* of its aThs obl￿1￿85. Publlc beneflt The Trustees have remewed the Chawty crynmissions gUIda￿e 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. a￿1 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 ap￿￿atron fo the Nat￿)nal Low Heritage Fund INLHF) torrnerly HLF. in March 2018 which was followed with a Stsge 2 aNAirAt￿n 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 the prosF*d ol reopening the Clevolland Poob a rea￿ty. Page 2 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, r￿ffl￿rnents ￿ trath"rwJ activi1*5 in ts re5P8Ctive years. Majof granl income recognised in the year. indu¢Jes Balh 8 ￿rth East Somerset COU￿11 £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 Some￿1 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. Lt*natK)n5, i￿luding Crowcllunding an(1 g¥ant donabons Irom various chaniabje i01￿1￿d £423.&33. Oire¢t expèndilure during the year io S April 2023 increased to £132.51 l. CoMpa￿d agwnst £109,730 incurred in the prior year. This adchI￿n81 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￿ Capi￿1$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 inst￿lat￿)n, which is rEede(I to access and servi¢e the project srte fr¢)m the liver Avm was rè4esigned, ￿ satisfy chaThJ6s in nat￿￿al *gislab"on in rèsponse lo the climate change emergency as reqUI￿d by the Enwronment Agency. This t￿ment 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 b￿get. Completion ot Ihe pontoon inslallath?n is tal￿ted 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 l*en'. ca￿tal 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. a￿1 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 Com￿e1K)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 D￿ratorIO operate th• pools. This risk has now ceasèd fOlh)￿￿J coMp￿tiOn ol the sUb￿ase 18gal agreement with Fus¥Jn ￿leSty￿ in Septernber 2023. P￿e3 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 acts￿leS. the vast maiority ol fundiThJ lor the TrLSt comes by way ol granls Irom the NaI￿nal Lottery Heritage Fund, H￿lOrI¢ 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 cou￿11. The continued support of these organisations is widely appwaled by thè entire team invofved Mih the project. EsiablishirKJ OFPOrtunilies fr*r 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 S￿lu%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 un￿lI1Cled 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 unrestr￿ed assel. FundiThJ ol this expendi￿re was wedominanlty, NLHF £999.307. Bath & NDrth East Somer5et Counul £590.LN)O. Bath 8 North East Sfftrset c￿￿1￿s9￿￿ 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 fu￿1$ 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 rèstor*KJn 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 perML￿NJn_ The re-desNJn of Ihe ponlcx)n. lo meet with rew Environment Agency climate emergeney re￿latIo￿ and perforrn￿e 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 competi1￿e tendering, in May 2023 awarded a contraet for the latrtaiion arnl installation of thè pont￿n. 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 p0s￿b￿ to heal the pcd water. The Trust w) Septombof 2023 contracted Fusion LileSty￿. la charitable leisure tNsii to operate wth hjll resFKJnsIbi￿Y tho Cleveland Po￿$ on Its beh￿f, 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 charita￿e company limited by guarantee. ir¢ryporated on 7 Fe￿ary 2005, and reg￿tered as a Charty on 11 May 2005. The affairs ol the charitab￿ company are govemed by its m￿Oran￿rn of AsscKrdlion which established the objects and powe￿ of the Char[tab￿ company arxj is govwnod undei its Arbcbs of Associ*on. Mernbèrs guarantee to Contri￿le an amoLX)l Trjt exceet*'ng £10 to Ihe assets of the ch*itable 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 year*nd is tisted a￿tr. Reerultmenl and appolntment ol new Tn￿lee$ 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, $peciali5t sknlb arkd kjcal availabilily. Select￿￿n is ￿rnEd out by a trfjard ¢gmmittee of three Trustees which evaluates the skilLs and •xrRrience of aFplicants via an inteNiew procéss. The 8oard art thèn eonsultèd in order lor the final decisKJn of the appoinlrnent to be made. The Trustees seThe as volunteers and I￿•￿e r¥) payment for for the Charity. Or9•ni$•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 Art￿￿5 01 Association prov*Je that there must be at ￿•St three aThJ more than fr￿1ve 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 nOt￿e S￿lty1r￿ the business lo be dffjcussed. Decision making Every issue may be dete￿ined by a %mple majority of the votes cast at a meeb"f¥J, but a vrritten ￿solubOn s￿ned by all the Trustees is as valid as a resolution passed at a Mee￿r￿j. Except fgr the Ch￿"r ol tha meeling, who has a S￿0￿1 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 a￿1 dutias and ar9 provid with appropriate guKlance and information to carry Ihese oul effeciwety. The Trustees hold fegulargovemarte woF*shcps 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 LIfes￿e, the operator of the Pools. to ensure Ihat t4Jth the Trust Fusvn LiltStyl&. understand Iheir respeclNe ano Jow)I reS￿n￿bilit￿s. Key management r¢munwaiion All Trustees give iheir time on a vc4untary basis. Twusiee retaled paity transxth￿s 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 day40￿aY basis. vjhose roles Inc￿￿ed proiera managing the r*xAs' re￿Ofa￿on, proje￿ admink8iration aThJ accountiNJ. and community liaison and engagement. sI￿e 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 Clev￿8￿d 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 wh￿h 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￿'onSh￿Mth 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 nUM￿r 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. Leoll￿a 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$i￿rIbe purposes of company lawl are responsible for preparing Ihè Re￿)rt of the Trustees and Ihe h"nanaal statements in ac(x)rdarte vMh aF•"cab￿ law and United King¢Jorn Accounfing Slandarcls (United Kingdom ￿ner￿lY Awled A￿o￿n￿"￿] Pra￿￿￿). Cornpany law ￿qUireS the Trustees io prepare finarKial slatemenls lor each finarKial yearwhich gN¥ a truo and lair view ol thè state ol affairs ol the charilatle ¢ompany aThY of the inu>m1￿ resources arnl applICat￿}n of resources, Ir￿￿dIng the ineome and expenditijre, of the chariiable cornpany I￿ that period. In ryepari￿ tbose financial slalemenls. Ihe Trustees are required lo seknt surtable a¢¢ounting policw arKJ Ihen appty them con$istenity'. cA)serve Ihe rnelhods arKI pnnciples in Ihe Charity SORP.. make iudgemenls and estimates Ihal are reasonatrAe a￿1 pr￿lent. prèpare Ihe financial slaiernents on ￿ g￿ng ¢0￿M bays Un￿$$ il is Ina￿￿0priafr to wesume Ihat the chariiablo company wll continue in ￿SIness. . The Trusteos are respons￿1• for kew.ry w0￿r acownb.ro reco￿1$ d￿￿se reasonatle aC￿ra￿ 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 re￿an1 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 a￿llIed the financi￿ staternents of aèvekThJ Pools Trust (the charitab18 wmpany) loi thg year ènded 5 A￿1 2023 which comprise Ihe Slatement of FinarriJ Actwities, the Balance s￿1, 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 Gener￿lY Accepted AceountiNJ Praebc¢l. In c¥Jr opnton the financial st*emerts: 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 ap￿iCatIOn 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 PraC￿e&. aThJ have been prepared in accordarte wrth the r8quirernènts of the CoMpan￿S Acl 20C6. Basis lor oplnion We conducted our audil in accordance with 1ntemab.onal Standar¢ts on Au(Jiting IUKI IISAS IUKII and appI￿able law. Our fesponsibililies under those siandarws.' 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 p￿d £2041. 11. STAFF COSTS 2023 2022 Wages and sa￿￿e5 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 Continu￿1... 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 aCti￿lieS 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 m0￿men1 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 attaCk￿d lo Ihese grants. The charity has not directly benefiied from any other fonns of go¥err￿ent asSI51a￿a. 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. HER￿AGE 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 fu￿1 requtred a chargo to be gran￿d 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 wo1￿1 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 Tr*ding Llmitèd Registered oft￿e.. Uniled Kir¥>lom Nalure ol business.. Ret￿1 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 S￿e$ 4,788 3,300 Gross profit Administrative eX￿se$ 1,488 The aggregate ol a5s8ts arx1 &th.￿lI8S were". Cur￿Tht assets Current lia￿"11￿•$ 5,191 Total nel assets Ag￿egate share caF¥ld aNJ reserves Paog 23 continu•J... CLEVELAND POOLS Cleveland Pools Trus¢ No*s o the Flnanci I ststements- c tor th• Y•ar Er*l•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 underta￿￿j$ 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 Cl￿eland 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 adjUstn￿nt Net movement in funds Transfers betr￿n 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, I￿uded In the al￿e are &s tolbws.. kncoming resources Resources expended Movernent in funds Unre$tri¢i¢d fvnds G8neral ILNWJ s.1￿j 14801 4,620 Restrieied furrtls Pog1 resloraiion 763.473 1109.2501 654,223 TOTAL FUNDS 768 573 109.7301 658,843 Pool Restoration. fundiThJ receNe(I for Ihe reStorat￿n ol the Clevdand Pools A transfer has been made out of the pool restoration fuThl to the general fund forw0￿ done on the pool restcfalion Ihal 15 accounted for as a heritage asset. CAPITAL COMMITMENTS 2023 2022 Contracted bul not wtiv¥Jed lor in Ihe fin￿la1 slaiements RELATED PARTY DISCLOSURES Thè chant*Ae company has tsken a¢fvantage of exempii)n. under the tem)s of Financ￿1 Reporting Standard 102 The Financial Reporting Stsndard appThb￿ in the UK aThJ Republt ol IrelaThJ'. not lo disclose rglated party Iransa¢l￿n$ wth wholfy subsbJiaits wttfN"n the grcw There were no related paty transathns lor Ihe year er*Jed 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