Charty number.. 1150235 Company number: 07893671 (England and Wales) Tenbury Communty Pool Limtted Report of the Trustees and Unaudited Financial Statements For the year ended 31 March 2023
Tenbury Communty Pool Limited Contents Page For the year ended 31 March 2023 Report of the Tru5tee¥ Ito3 Independent Examin8¢s Rowl to the Truste08 Statement ol Financial hdivi Statement ol Fina101 P05dic Notes to the Finandal Statnts 7t012
Tenbury Communty Pool Limited Report of the Trustees For the year ended 31 March 2023 The Trustée5. who arè also directors for the Purposes of ¢xJmp8ny law, have pleasure in Fffesenting their pOrt and the financAal statem$nts for the charil8ble o)mpany for the year ended 31 March 2023. Thè Trustees have adcpted the provisions of Accounting and Reporting by Charities." Stgment of Recomrnended Practi(x a0tIe to d)arities preparing their &c(MJnts in accordance with the Financial Reports'rvJ Standaid applKatAe in Ihe UK and th• R8Fxknkc of Ireland (FRS 1021 (effect¥e 1 January 20191. 08JECTIVES AND ACTIVITIES Objactlv•s and alms Looking ahead the rnain Objectiv for 202&2024 a to %w)rf(.' with Free(lom Le¢sure lo 8ecure a breakven business an to 31 Marth 2025 to all partyes agree. This is challenging blrt achievable wilh our exaling redeveloped Tenbury flIty. 2. with the resJents ol kxal parishes on whal leisure aThJ w8lhThJ 8eryice8 are n8•Jad for all induding thos• 1&s5 advantaged than others. 3. to ensu the sustainatslty of Tenbury wimming POCA Vilh SUPFLXt trom Mafv8m H1$ Dé8trict CourKII. Tenbury Town Coune¢l al charitabl8 donations. The trusttss havo con$idored the Chority Commissiw's guKjtin wblic benefit. induding the guidance 'public bengfil.. runnbng a charity IP821'. ACHIEVEMENTS AND PERFORMANCE Slqnlflcant •ctlvltig• Tenbury Communlty Poc4 IfCP"l and Freedom Letsure fFL"I. TCP$ aFwinled farAlib"es management operator from M8r¢h 2015 currentsy to March 2025. ar8 committed to dèlivewing improvements by providing 8 modwn tscility which FL ean promote on TCP'S behaw. The FL quarterfy report8 for Aprfl to September 22 shch a fmarKial treThl tthvwd$ th? ntre breaklng ev•n for the flr8t lim•. However, with the 2022 increases in energy ojsts liked lo the wor in Ukraine the irKreased tsjsts of goods, FL informed TCP that there wlll be significant inuease in ojsts from October 2022 and urgenl nged for TCP and MHDC to Wotk dosely with thèm lo ensure that the faulty remained open aThJ was financaaty viablè moving lorw8nl. TCP and FL worked urgenuy lo redu the energy o)sts ty than9ing Il certre 4votking praths, introdu1 as part of an agreed 8el of non-negobables untjetsken by t Staff. TCP and FL mot wth MHDC and Tenbury Town Counc41. FL prov• • wq"•d•d end of y•ar loss foT both 2022-23 and 2023-24 wlthout further finan¢lal support and a $ignifKant investmenl in rereble enetgy to ensure the 8U6ts1nabillty of thg facility. TCP agreed to support price increa58s for membèrs arKI casu81 user¥. MHDC approved an operatKJnal costs 9rant for 2023-24 of £92.aoo to Includ& £25,000 towar(1s Ihe energy p? ThXeas. T•ntMry Tr1 C(wrKil appr1j a £10.• grant towards Ihe operalonal ojsts. The energy cost savings achwad, and incwsèd user costs rewned in a loss for FL of t5.541 in 2022-23. Compared to the VIouS year there was a 30.2V¢J savitvJ on eleraw $ts aThl 41.VA savry on gas 0)sts dwte the signlficant ergY prlce irwg$e8. Achlovemfjnts again•t obJec¥¥e• TCP continued to work closely with partrnr8 to invesl¥Jate term Optio to rÈdu¢e erwJy costs and rèduce the carbon footprint ol tha building. Worcèstershire County Council cc¥nmissioned a full ergY review of the faulity and TCP received quot8tion8 for the placement of the Mndows arKI b.kns and for addity)d adar ponel$ heat purys. The use of heal pumps vras not finanaally viable. TCP and FL subnNtte(l a cost for8casl lo MHDC ts the fyjilding lmprovwFts indudino athliith81 solar panels. rèplaeemenl boil8rs and replacement windows In the pTr)l. MHDC approved a £115.CKIJ capital grant for the improv8ments. Tenbury Town Council approved a £10.OCQ wl towards the costs. TCP rg(ived fundlng from the Eve8on Charity for a se(YJKI autrynth t)01 in the weptiOn re¢Jueed eneryJy Cst$ SignifAnt)y. A water leak was found in Ihe Car park adjacert lo the po and TCP 7Awe reSFLS$b]e for thè Tepair Sts. A payment pLgn was 89reed with Strvem Trent who advised that a nv4V pye is rewired. Friday Ni9ht Project, fvnded by TCP, Sport England and otsT was 8uwsful and a(1Jitnal funding lolaliThJ £27.973 has been provtsyed by MHDC for the next years. 1oft2
Tenbury Community Pool Limited Report of the Trustees Continued For the year ended 31 March 2023 FINANCIAL REVIEW Re8er¥es At 31 March 2023 reserves stood al £38.291 (2022 £21,36n. The TCP Trustees ara rasponsible for 811 buihling repairs and any plant and equipment repairs and rnaintenanc& to keèp lh8 fac4ty open of over £10,CK)O eath undei the Planned Preventats've Maintenance hedule agreed befven the CunI operator, Freedom Leisure, and the buihdir¥J owners. TCP. Golng concem TCP will continue to wort to achieve the out(x)ffs of the Tenl)ury Communty Pojl In¥esling in a Greener and Sustsinable Future Projecf. Fundr8Iwng for ftrture prole¢ts and for the annual u)sts of maintsining the f3¢ilty continue5 in 2023124 with applKations to grant funders. busnesses and the general o)mmunity for donatiorts a1 (X)ntsibts)ns tchvards the centre's upkeep Is ongoing. Applications are made to grant ftjnding t4Jdw a regular basis. A major pfiority ol TCP will be to wo"ate a contract exlonsion or r0 contr as the cvront eontraet with FL 8nter8 tt8 18$t fv40 ye8rs. In addition, the Trustees wll work wlh MHDC to n8goliate a grant ext)sion in a new or extended ¢ontra¢t. STRUCTURe, GOVERNANCE AND IWIAGEMENT Governlng document Tenbury Ctsmrnunity Pool Limited is a company liffted by guarantee and 1$ 9ovemed by rts Memorandum and Artid&s of A8socialion. Copies of the Memorandum and ArtSdes ofAs8oU10n are availa¥ from CoMpanS Hcyjse or from the Comp8nys glStered office. During the year tho Articles of AssociatIc were amended to r8fl•ct equal opportunities and to enwre that th& Trustees retlre by rot81ion. The company is registered as o chonty with the Chwilies C¢ynml8810n. Recruitment and Appointrnent of Trustèes The Directors of the company ar• also charity TnBtees for purF4)8e of charlty 1•4¥. The M•mor•ndum and Artide8 of Asoel8tlon slata that truslees are eleetad to 8erve for a r)d of three years and must then rgtyre from office. That Tntstee is Ihfn èntitlod to seek re.appointm8nt if he has givon notKA ol his willingn6ss to do ¥0 to the olher Tt. Infomiab'on relating to Tru8tee8 a8 folkx8 Adrian Tayle¢ 20 Juty 2012 Chalf Alan Dale Fiona Jane Jenner 29 February 2011 previousty a Trustee of Tenbury and Llslrict Swmming P¢x)i Gulld for nearty 40 years. 30 July 2012 Treasurèr Barbara Sdkir 2 September 2019 Phillip8 Jane Crabtre8 17 December 2022. iaswd 9 May 2023 David H811 11 February 2023 None of tha TnJslee3 1ved any remuneratr'on or b8n8ffts from the charity. REFERENCE AND ADMINISTRATIVE INFORPAATrON Name of Chority Charity rngi$tr4tion numbw Cornpany reglstrntlon number Prlnclpal add Tent¥Jry C¢*nmLmty Pl1 mIted 115tr235 07893671 Redroofs Bem"ngton Ro&1 T¢nlwry WelL Worcs 115 8EN 2of12
Tenbury Community Pool Limited Report of the Trustees Continued For the year ended 31 March 2023 Trusts The trustees and offic5 seThing duriNJ the year and since the year eNJ wore as foNow8'. Mr A(Iiian Mark Tayky Mr Alan James Da Mrs FM)na JenneT Ms Barbara S&lkifk id Hall (Apwnted.. 11 F¢bnory 20231 Phillipa Crabtree IApwnt•d.. 17 December 20221 {ReSne(l.. 09 May 20231 Indgpandent examln•r C•li4 Adams Eastham Cc¥Jrt Eastham T•rtbury WeNs 158NW Approved by the Board ofTntstees and $vJneil hs behaff by 02 Augu¥t 21Y23 Mr.AddgnhAath.T.ayJor.......................................... 3of12
Tenbury Community Pool Limited Independent Examiners Report to the Trustees For the year ended 31 March 2023 I report to the trus on my examin"on oftt wyxjunts ofthe drIrable company for the year end$ 31 2023. Responsibiliti•$ and basis of report AS the charty Trustees, who are also directors for the puvp05es of company Liw. are responsible klr the preparation of the accounts In accordance with the requiremènts of the Cunpanies Act 2C ct 2[ Adl. Having satisfied myselflhat the accounts of Ihè Company are not requir8d to audited under Part 16 of thè 20LK Act and ara eli91e for independent ex$mination, I report in respect of my exam1rlion of your charitys a(xxJunt$ Carried out under $e¢tion 145 of the Ch8flties Ad 2011 Ilhe 2011 Act). In ¢¥rying Out my aXanwnath I have follch¥8d Ihe Direcor 9N8n by the Charity Commt&$lon und8r sedion 14515llb} of thg 2011 AL#. Independent examin•rs stst•ment I have completed my examin8tion. l ojnfimi that rK) matters h•ve ne to ffly attention in conneclion with ihe examination givln9 me ¢au3e to believe that in any matellal rw.. . accounting r¢¢tyd8 were not keFrt in respttt of Ihg C(xnwy as requir&J by seclTh 386 of th8 20C6 A(a.' or 2. the accounts do not a¢rA)rd wth thme relJ$., ¢y 3. the accounts do not Comply with ihe requirfynents of sedion 396 of Ihe Aca 0th8r any rg]ulrgmont that the accounts glve a Iru• and tsir vlevl which Is not a matter considered as part ofan indwndent exwninat1,. or 4. thg accounts have not been prepared in accordance wth Ihe melhcJ$ and prin¢¢pJes of the Statement of Re¢))mmended Practlce for accounting and reporting by charit$ applicable lo charitiès PPanrMj their attounts in accordanca wth th& Fin8naal Raportin9 Standard appli¢able in the UK and Repu of Ir¢latyJ IFRS 102). I have no ctsnctrm8 and have com& 8UOS$ no oth?r matters in conneciion th thè oxamination to wthith attention Should be drawn in thi$ report in order to en8bl¥ ¥ propér understanding of the pxcounts 10 be reached. Celia Adams Easlhem Court Eastham Tenbury Wells VVR15 8NW 02 August 2023 4of12
Tenbury Community Pool Limited Statement of Financial Activrties (including Income and Expenditure Account) For the year ended 31 March 2023 Unrestricted Re8tri¢ted funds 2023 2022 Income and •nd<>wrnents fr(¥n: Donations and legaoes Other trading acti¥rt88 Investments Total 115,7(Kl 3.017 149 14,4 130,100 3,017 149 ,557 2,857 118.866 14.4(Xl 133.286 93,482 ExpendituY• ¢n'. Roising funds Charitsble activiti'e8 Total 11251 (105,7631 1105.8881 11251 {118,217) 1116.3421 1351 180.5131 180,5481 110,4541 {10,4541 Net Income 11978 16,924 12,934 R•con¢lllatlort of fvnd• Total fvnds brought I08rd Total fund• carrl•d forward 20,9 33.908 437 21.367 38.291 8,433 21.367 4.383 5of12
Registered Nuffltxr.. 07893671 Tenbury Communty Pool Limited Statement of Financial Position As at 31 March 2023 2023 2022 Current atssets Debtors Cash al bank and In hand 11 2,806 44,408 47.214 15.5441 2,598 42. 44.662 123.2951 Credltor8: amounts falllng duo wlthln on• y•ar 12 Not eurrent •ts 41.670 41.670 21,367 21,367 Total as8ets le88 Qurrent Ilabllltle8 Crgditor8: amounts falling due after more than on• yur Net a•••ts 13 13,3791 38.291 21,367 Tho lund8 of thè ¢h•rlty Restricted In¢ome funds Unrestricted Incomè fvnd¥ Totsl fund• 14 4,383 33,908 38.291 437 20.930 21.367 14 For Ihg year ended 31 Marth 2023 (npanY wa5 entiygd lo exornpti from under SOn 477 of Companies Act 20J6 relating 10 8mall Compan$. The members have nol requwed t cCfflpY lo obtsin an audil of its aco)unts lor the year In question in arxordan¢e with sedlon 476, The INstees acknowledge Iheir rèspo11$ for comptyiThJ with Ihe r8quir8ments of the Act with respect lo atxounling records and the preparat) of accounts. These accounts hava been ppared in accordance with th• provisions applkable to comp8nles subject to Ihe Small comp8nie¥' re•'me. Tho flnandal $18tement$ were approv8d and out)1¢<1 by the Bogrd signgd its behaff by.. Mr Adrian Mark T8yicT Trustee 02 August 2023 6of12
Tenbury Community Pool Limited Notes to the Financial Statements For the year ended 31 March 2023 1. Ae¢ountlng Policie Ba$1$ of accounting Thg finanaal statements have been prepared under the histOriCAI Ixtst convention, except for Investm1& whith are induded al market value and Ihe revaluation of certwr7 f8 assets and in acc4ydance with the Charibes SORP IFRS 1021 'Accounting and Reports'ng by Charit5.. Statement of Recommendeij Practi applicable to charrtie$ preparing their accounts in accordance with the Flnan¢Jal Reporting Standard applicable in the UK and Repu of Iland IFRS 1021 (effective 1 January 20191,, Fln8n¢lal Reportt'ng Standard 102 the Finaniial Ren9 Slandard appli(2bte in the UK and Republic of Ireland {FRS 1021. and the Companies Act 2[. Tenbury Communtty Poc4 Limited rneets the definition of a publ benefft entity under FRS 102. A88ets and li8bilitre8 are Inllially recogni8ed at historical cost ortransath.on vu¢ unless in the r¢knt aCLY)untmg poly noHsl. Gdng eon¢grn The Trustees consider that the Charty has SUffent reserves to contift a$ a goiNa conc4m for the torse8abb8 fLrtLtre. Al 31 March the Charity had suffiaent reseThes lo poy rts credit(Ms in8ur8rKe for the next 6 months. Tanglble fixèd Tangible fixed awl8. otrér than freehokj knd. are stat•J at cost or valuatKJn1888 d8prelyatm and 8ny pTovl8lon for Impalmenl. Depreciats'on is provldèd 8t r8ts$ eathlatéd to write off the cosl cy v*uabon of fixed a$sgt8, le88 thèir èstimatèd r•#idu81 valuè. ovèr their ?xpgdod usefvl lives. It Is thè opinion ol the dlrectors Ihat exponditure on fv refvrbi8hmenl and develokyrtht ofthe facilty s)ukI be wrftten off in the year when il is incurred as il has no economK value. Land gnd bulldlngs 100% StravJht line 2. Incom• from don•tlon• •nd1ogacl•• Unrnstrlcted R•strlctsd fund• 2023 2022 Oot)ations re1¥¢ Grants 1¥ 24,8e4) 24,8ek) 105,240 18.045 72,512 14,4C 115.700 14.41)0 130,11)0 90,567 7of12
Tenbury Community Pool Limited Notes to the Financial Statements Continued For the year ended 31 March 2023 Analysis ot grants received 2023 2022 Baron Davenport's Charity Eve$on Charitabl8 Trust Fundraising Plaffom)s Gift Aid recovered 4,036 92 1,075 68,580 10.394 Malv¢m Hills District cou1 Othor Taylors 14vperty Developrnents T&nbury and District Art Club Tenbury Town Courtil Tenb(sry Y*wlh Club Tha Burford Trusi The Co-C¥J The Godson Charity The GoritrJn Gray Tr¢J81 The Hobson Charity Thg Lodge of Sl Michael The National Lottery Th• Provin¢ial Worcester Masonic Chaptor Worcester County cow1 88.476 8.585 1,0 500 15,462 4,500 10,0 5,1)JO 250 2,OJO 5.927 250 9,437 1,000 1,400 1,333 130.100 90.667 3. In¢¢m• •arn•d Irom othw aetlvHI 2023 2022 Unrgjtrlctod fvnd• Fund ralsing events Solar panels Rent and other charges to Freedom Leisure 214 115 1,803 1,2( 1,422 1,320 3,017 2.857 4. Investrnent Income 2023 2022 vnrnstrlct funds Bank interest rwxivab 149 68 68 Inveslmenl income arises frLYn interest eamed the fuThJs h8ld in thè depovAt x1. 8of12
Tenbury Community Pool Limtted Notes to the Financial Statements Continued For the year ended 31 March 2023 5. Expendtturè i)n other trading adivltles 2023 2022 Unrestrictsd fund¥ Fund raising events 125 125 35 8. Costs of ¢harStable actlvltle• by fund typ• R•8trl¢t•d fund• 2023 2022 Malntsnance Refurbishm1 ènd development write off Insurance Donatson3 to Freedn Lolwre Frtd¥y Night Proj8Ct Support o)sts 10,834 10,834 22.802 4,377 4,822 3.626 2,655 68,476 10.454 10,454 141 141 183 105.763 10.454 116.217 80,513 7. Co8t• of charltabl• •¢tlvltl¢• ty actfvlty ty A¢tlvltlo• support ¢o•ts undert*k•n dlr•cily 2023 2022 Support ¢o•l• Maint8nan¢e Refurbishment and deVelOpftnl wrrte ¢)ff In$uran¢e 10.834 10.834 4,377 4,822 3.826 3.767 2,838 68,476 Donations to Freedom Leisurn Frlday Night Project 10,454 10,454 116,1)76 141 116,217 80,513 8. Stsff costs and emolwnents 2023 2022 No employees 9of12
Tenbury Communty Pool Limited Notes to the Financial Statements Continued For the year ended 31 March 2023 9. Comparative for the Slat•m8nt of Flnan¢lal A¢U¥lllos The cLsmparab"ve year ve8 on the Staternenl of Finan¢ial ALvites are tr unrestrithd fuThJ$. 10. Tanglbl• fix•d Land and buildings Cost or ¥aluatlon Al 01 Apnl 2022 At 31 March 2023 311,670 311,670 D•preciation At 01 Apnl 2022 At 31 Mareh 2023 Net book valu•• 311,870 311,670 Al 31 March 2023 At 31 M8rth 2022 The company took over the lease, on 20 March 2017, for th• 18nd ¢)n whkh thtr w88 bultt. Th1¥8 18 for 999 yèar8 from 25 March 1967. At 20 March 2017 buildin9$ were valueij at £5(KJ.O(K). The value in the aontS is £0 bec8U3e the facility may only u$•d as a Swimming kY)ol Vlilh assocated fitness provisiL. 11 15 unlikety Ihat th8 LMx'ktin9 coukl b8 SLI. 11. Dobtorn 2023 2022 Amounts du• wlthln on• y•ar. Prèpayments 8r accwed income 0th6r debtor8 2,249 557 1,629 2,806 2,598 12. Creditor8: amounts falllng due within 0 year 2023 2022 Trade Creditors 5,496 Qther creditors 23,295 A¢cruals and deferred IrMe 23,295 Trade cr&litors includes £1,944 payable in monthty inaknents of £162. IOof12
Tenbury Community Pool Limtted Notes to the Financial Ststements Continued For the year ended 31 March 2023 13. CditOrS. arnnts falling due after morg than one year 2023 2022 Trade cre(lilors 3,379 3,379 The £3,379 is due in monthty instalments of £163. 14. Movement In fvnd• UnTe•trl¢t•d Fund• Balance •t 01104r2022 IO1n9 r080urce8 Outgolng re•ource8 Balonce at 3110312023 General Goneral 118.886 (105,8881 33,9)8 20.930 118.866 1105.8881 33,908 Unr•8trlct•d Fund• - PrlIx• yr 8•lanc• at 0110412021 Incomlng rn•our¢•• Oirtgolng rn•oure Balance at 3110312022 G8ner81 Genernl 93,482 180.5481 20.930 93h82 180.5481 20,930 Purpo•e of unre•trlctsd Fur General To molntsFn Ihe 14C ofthe facilty. In partnA8r. to Pay for WOFerty mJIanCe as well as repairs and maintenanca in exc of £12,OLKJ. R••trlet•d Fund• Balance at 0IN12022 Irwjmlng ourc Outgolng rn8ourc•g Balance at 3110312023 Arts Project Frid8y Night Proieci 437 437 3,946 14.4 (10,4541 437 14.4(Kl {10,4541 4383 11 of12
Tenbury Community Pool Limtted Notes to the Financial Ststements Continued For the year ended 31 March 2023 Rèstricttd Furtd¥- Previous year Balance at 0110412021 Incoming resour Outgoing resources Bal¥nce at 3110312022 Arts Projec 437 437 437 437 Purpose of TrEstrf¢ted funds Arts Proje A crèatNe arts project to erthjrage thè y(xmg rorAe in Tentrwjry IMLS to ere8te murals aThJ earry out art projects. Friday Night Prr¥ect Ffiday Nighl proj1 6 for all young peopk a9ed b¢en 16 to 17 yeats old. The sessions irKlude swimming sessions, fitnes$ and social 1VitieS with support from YMCA Ywtli Work5 and Freg*)m LeUre Gym and knfeguatds staff. 11 svpports the health and wellbeing ol young peopÈ sn Tenbury Wells. 15. Analysis of net assets betwÈÈn funds Tangible flxed assets Net current Creditors > N•tAssets assets I one year IliabilrÈiEsI Unrestrictod funds General General 37.287 13,3791 33.908 Restrlcted lunds Arts Project Friday Night Project 437 437 41.670 13,379) 38,291 Provhou$ year Tangible Net current Credltors > flxed assets assets I on• year Iliabililiesl N•t Assets Unrestrictsd funds Gengrdl Gènaral 20.930 20,930 Restrict8d fvnd$ Arts Project 437 437 21,367 21,367 12of12