Charity number: 1150235 Company number: 07893671 (England and Wales) Tenbury Communty Pool Limited Report of the Trustees and Unaudited Financial Ststements For the year ended 31 March 2024
Tenbury Community Pool Limited Contents Page For the year ended 31 March 2024 Report of the Tntstees 1to3 Independent Examinerfs Report to the Ttee5 Statement of Financtal Acaivthes Statement of Finan(#al Position Notes to the Financial Statements 7t013
Tenbury Community Pool Limited Report of the Trustees For the year ended 31 March 2024 The Trustees, WIK) are also directors for the purposes of wnpany law. have pleasure in presenting their report and the financial statements for Ihe charitabte company for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Rewrknng by chare5.. Statement ot Recommended practi aP[cable to charities preparing their accounts in accordance wrlh the Finanuai R8porbng Standard applicable in the UK and the Republic of Ireland {FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTivmES Objectivas and aims Looking ahead the main obje(aives for 2024-2025 are to work: With Freedom Leisure to secure a breaken business plan to 31 March 2025tr) whith all parties agree. Progress has been made with the energy saving improvements that have been made in 202&2024 with more improvements planned for 2024-2025 2. To secure a successful, minimum &year contract vthh a preferred Se[W provider frDm April 2025. Consult with the residents of local parishes on what leisure and wellbeing SeNS are need8J for all including those le89 advantaged. To ensure the sustaillabilty of Tenbury Swimming Pool support from Malvem Hills District Council. Tenbury Town Council and charitable donations. ukthar..stral8gIe$ForAchIeVIng1tss1aternSobJeiveS. The trustees have considered the Charity Commision's gumlance on public benefiL indudiro Ihe guidance 'public benefit.. running a charity (PB21'. ACHIEVEMENTS AND PERFORMANCE 81gnfficant actlvltios Tenbury Community Pool (YCFP) and Freedom Leisure fFLI. TCPS appoin faL)lit$ management 0ratOr from March 2015currently to March 2025. are (x)mmttted to d81iverirrfJ improvements by providi a modem facility which FL can promote on TCP'S behalr. TCP and FL continued to work collaborativdy to reduc8 the energy costs by thanging the centre working practices. introduced as part of an agreed set of non-netiables undertaken by the staff. In addOn, TCP used the significant decart)onisation grant from Malvem Hills District Council and Tenbury Town Counal and other donations to replace Ihe two ageing gas boilers. added a third solar panel array and reFlaced the original SWFmming pool windows with double glazing units. Following a major vRter teak in the Sevem Trent pipeth TCP re(Ned a grant to replace the mains water supply with new pipework to and inside the buildirvJ. TCP recelv8d a positive rc)f structural survey and have plans to introduce additional solar panels when funding is achiaved. MHDC continued their funding for the successful Friday Night Proiect for iwo years. TCP received funding to subsidise swimrning memberships for the Over 75 age group. TCP and FL worked with students from Napier Unp• to review centre's frrint and to Mmend additional changes. A¢hievements agalnst obithos TCP hit gold th an award at the FL annual conference, by winning the environmental perfomiance of the year award. Working together, FL and TCP have embraced their (x)mmilrnent to wotsct the environnt wlth various innovative measures to reduce energy QJnsuMptk. The FL quarterly reports for April 2023to March 2024showed a naThtng tTading loss b8cause of actions undertaken.Compared to the previous year there was a 33.7% saving on ejectriuty costs and a small increase of 4.4% on gas costs due to installatÉon issues for Ihe new boilers and a signffjcant reduction in Ihe previous year. Solar installations have contributed to a 13.1 % reduction in the Centres overall electrw usage. 1of13
Tenbury Community Pool Limited Report of the Trustees Continued For the year ended 31 March 2024 FINANCIAL REVIEW Reserves On 31st March 2024reseNes stocmj at £21.175(2023£38.291). The TCP Trustee5 are responsible for all building repairs and any plant and equipment repairs and mainlenan(x to keep facilty open of over £10.OOOeach under the Planned Preventative Maintenance schedule in place beiween the (rrent operator. FL. and the tmjilding owners. TCP. The Trustees aim to build reserves of £100,OOOmade up of major plant breakdown £60.000, energy surcharges £15,000, legal advi £5,000 and £20.000 for wind up costs in thal eventualty. Going concom A major priority of TCP is to ensure a Ser¥e provider is in place to support wr members and Iwstomers from April 2025, when the CUent agreement terminates. In past years MHDC has provided considerable financial support to TCP to ensure financial sustainability. TCP and the Servi provider are wcwking intensively to reduce operating costs and In¢aSe membership to ensure OTwirvJ trading viability. TCP aims to eliminate the nwj f(Y financial 5UPPOrt from MHDC as soon as possible in the ftrture. TCP are working with key stskehdder5 to investigate the expansion of the faalty and to increase the rnnge of health antl wellbeing services offered to the communtty. TCP will continue to work to achieve the (KrtMe$ of the Tenbury C(xnmunty Investing in a Greener and Sustainable Future Pmjecv. Th8 findings of the Napier Universty Rewrt and a Worcestershire County Counul Report will help to identify the next steps lo reducing enenJy costs and the carbon kniprint of the budding. Fundraising for future projects and for the annual rA)sts of maintsining the facilty ry)nlinues in 2024125. STRUCTURE, GOVERNANCE AND PAANAGEMENT Governing document Tenbury Community Pool Limtted is a company limited by guarantee and is govemgj by ts Memorandum and Articles of Association. Copies of the Memordndum and Arbdes of ASation are available from Companies House or from th8 Companys fegislered office. During the year the Artides of Association were amended to reflect equal opportunilies and to ensure that the Trustees retire by rotation. The company is registered as a charity with the Charities Commission. Recruitment and Appointment ofTrustees The Dirèctors of the company are also dwrity Trustees for the purpose of charity law. Th8 Memorandum and Artides of Association stale that trustees are elected to serve for a period of three years and must then retire from office. That Trustee is then 8ntitled to seek re-appointment rf he has given nokn of his willingness to do so to the other Trustees. lrrfomt1On relaling to the Trustees is as follows Adrian Taybr 20 Juty 2012 Chair Alan Dale 29 February 2011, a Trustee of Tenbury and Dtstrk# Swimming PTr)l Guikl for nearfy 40 years. Fiona Jane Jenner 30 July 2012 Treasurer Bart)ara Selkirk 2 September 2019, resigned 30 August 2023 Phillipa Jane Crabtree 17 December 2022. resigned 9 May 2023 David Hall 11 February 2023 The Trustees have not weived any remuneration or benefits from the charity. REFERENCE AND ADMINISTRATIVE INFORMATION Name of Charlty Charlty r•gistralion number Company registratioll number Principal address Tenbury Community Pool Limi 1150235 07893671 Redny)fs Betringlon Road Tenbury Wells Worrs WR15 BEN 2of13
Tenbury Community Pool Limited Report of the Trustees Continued For the year ended 31 March 2024 Trusts•s The trustees and officeis seNng during the year arKI since the year end were as follow3: Mr Adrian Mark Tayky Mr Alan James Dale Mrs Fiona Jenner Ms Bart)ard SelkTrrk David Hall Phillipa Crabtree (ApFinted. 17 Drnber 2022) (Resigngd: 09 May 2023) Indopendent oxamlner CAia Adams Eastham Court Eastham Tenbury Wells WR15 8NW Approved by the Board of TTUStees and signed on its behalt by 03 August 2024 Mr Adrian Mark Taylor 3of13
Tenbury Community Pool Limited Independent Examiners Report to the Trustees For the year ended 31 March 2024 I report to the trustees on my examination of the aiJxMJnts of thè charitable cA)mpany for the year en(Sed 31 March 2024. Responsibilitigs and basls of report As the charity Trustee5. who are also dire(knrs for the wrposes of (MpanY law, are responsible for the preparabon of the accounts in accordance with the requirements of the Companies Ad 2(K16 {Ih8 2006 Ad). Having satisfied mysew that of Ihe Company are not requred to be audited under Part 16 of the 2006Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts carried out under section 145of the Charities Act 2011 llhe 2011 Acr}. In carying (Krt ry examlnallon I have follow&J the Direcdons given by th8 Charity Commission under sectlon 14515){b) of the 2011 ACL Independonl examineys statemont Since the ChaTYtable c4)mpanYs gross income exceeded £250.IXJo. your examiner must be a member of a body listed in section 145 of the 2011 Act. I confinn that l am qualified to undertake the examination by virtue of my membership of which is one of the listed bodies. I have completad my examination. l 0)nfi that no matters have come to my attentitin in (x)nnection wtth the examination giving me cause to believe that in any material respect: 1. a(Lounting reGurd5 were not kepl in respect of the Company as required by sedion 386 of th8 2006 Act" or 2. the accounts do not accord with those records: ( 3. the accounts do not compty wilh the requirements of sectK)n 396 of the 2( Ad other than any requirement that the accounts give a 'true aFKJ fair Vie which is not a matter considered as part of an independent examination.. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Rewmmended Practice for accounting and reporting by charities applicable to char(tses weparing their accounts in ac(J)rdance with thg Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS W2). I have no concem5 and have come arJ055 no other matter5 in ctjnneclic with Ihe eMinatiOn to which attention should be drawn in this report in order to enable a proper understanding of the accounls to be reached. Celia Adams Easlham Court Easlham Tenbury Wells WR15 8NW 03 August 2024 4of13
Tenbury Communty Pool Limited Statement of Financial Aclivities (including Inrne and Expenditure Account) For the year ended 31 March 2024 2024 2023 funds lThcome and end¢)wments from: Oonations and legacies Other trading acbvites Investments Total 232.439 5.283 13.736 246.175 5.283 130,100 3.017 149 238,606 13.736 252.342 133.266 Expendlture on: Raising funds Charft8ble activitie$ Total (518) (254.704) {255222) {518) 1268,940) 1269A58} {125} (116.2171 {116.342) (14.236) (14236) Ngt incomeléxpondllure RKonclllation of funds Totsl funds brought forward Totsl lunds carried fonvard (16,616) (500) (17.116) 16.924 4,383 38,291 21.175 21,367 38,291 17392 3.883 5of13
R8gist8red Numr.. 07893671 Tenbury Community Pool Limited Statement of Financial Position As at 31 March 2024 2024 2023 Current assets Deblors 4,742 58,404 63.146 (40.527) 2,806 44,408 47,214 {5,5441 Cash at bank and in hand Creditors: amounts falling due within one year 12 Not current assets 22,619 22,619 (1.444) 21.175 41.670 41.670 {3.3791 38,291 Total assets lass current liabilities Credltors: amounts falllng due aftgr more than one y&qr Net assets 13 The funds of tho charlty Restricted income fvnds Unrestricted nme funds 14 3.883 17,292 4,383 33.908 14 Total funds 21,175 38291 For the year ended 31 March 2024 the company was entitled to exemption from audii under sectlon 477of the Companies Act 2006 relaling to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, The tnJstees acknowledge their respK)nsibililies for comptying wtth the requirements of the with respect to accounting records and Ihe preparation of accounts. These accounts have been prepaied in accCdan¢e viith the provisions applicable to companies subject to the small companies. regime. The financlal statements were approved and authoris&l for issue by the Board and stsJned on its behalf by. Mr Adrtan Mark Taylor Trustee 03 August 2024 6of13
Tenbury Community Pool Limited Notes to the Financial Statements For the year ended 31 March 2024 1. Accountlng Policies Basls of accountlng The financial slatements have been prepared under the htstorical cost )nventiOn, except for investrnenls which are included at market value and the revaluation of rtain fixed assets and in accordance with the Charities SORP (FRS 102) 'Accounting and Reporbng by Charities: Statement of Recommended Pr2ctice applicable to charFbes preparing their accounts in accordance vfith the Finanaal Reporting Standard 8ppli(able in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191., Financial Reporbng Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). and the Companies Act 20C6. Tenbury Communty po Limited meets the defintlK)n of a publ tefft entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwse staled in the relevant acwunting policy nolels). Going concorn The TteeS consider that the Charity has suffiuent reserves to conlinue as a going concem for the forseeable future. At 31 March the Charity had sufficient reserves to pay tis creditors and insurance for the next 6 monlhs. Tanglble fixed assets Tangible fixed assets, other than freehokj land. are stated at cost or valuation le&s depreciation and any provision for impaimient. Depreciation is provtded at rates cal(yJlaled to wrtle off the cosl or valuatton of fixed assets. less their estimaled residual value, over their expected useful lives. 11 is the opinion of the dir8Ctors that 8xpenditure on the refurbishmaTrt and development of the faality should t* written off in the year when it is incurred as it has no economic Wdlue. Land and buiklings 1(MVA Stravjht line 2. Incomg from donallons and legacios 2024 2023 fund5 Donations received 30.852 30,852 215.323 24.860 105.240 Grants receNed 201.587 13.736 11736 246.175 130,11)0 7of13
Tenbury Community Pool Limited Notes to the Financial Statements Continued For the year ended 31 March 2024 Anatysls of grants ro¢elved 2024 2023 Baron Oavenport's Charity Bemard Sunloy Foundation Eveson Charitable Trust 15,000 4,400 Fundraising Plaffoms Gift Aid recovered 92 1,075 68,580 10,394 Malvam Hills Di$triGt Counal 215.323 1,952 2,000 Other RG Godson Trusl Tenbury Town Council Tenbury Youth Club The Burford TTUSt 15,462 4.500 10,000 500 5.000 The Gcxjson Charity The Gordon Gray Tnjst The Hobson Charity The National Lottery Worcester County Council 2,500 5,927 9.437 246,175 130,100 3. Incomè earn8d from othar athilws 2024 2023 Unreslrlct8d funds Fund raising events Solar panels Rent and other Charges to Freedom Leisurè 1,897 1.095 2,291 214 1.603 1,200 5,283 3.017 4. Inveslmenl In¢omo 2024 2023 Unyestrlcted funds Bank interest receivatAe 149 884 149 Investrtlent income arises from intwest 8ameil (m the funds hekj in the dew)sit accounL 8of13
Tenbury Community Pool Limited Notes to the Financial Statements Continued For the year ended 31 March 2024 S. Expenditure on other trading actl¥ltiés 2024 2023 Unrestricted funds Fund raising events 518 125 518 125 6. Costs of charltsble activlttes by fund type 2024 2023 funds fund5 Maintenance 36.121 114.196 36.121 114.196 10,834 22,662 Refurbishmerrt and d8velopmenl write off Insurance 4.828 4,828 112.722 3.626 68,500 10.454 Donations to Freedom Leisure Friday Nighl Project Swimming for the elderty Teathing equipment Support costs 14.236 452 452 515 515 106 106 141 254,704 14,236 268,940 116,217 T. Costs of charltable activitw by actlvlty type Support 2024 2023 undertakgn dlre¢ty Support costs Maintenance 36.121 36,121 114,196 10,834 22,662 R8furbishment and developm8nt write off 114.196 Insuranc8 4.828 112.722 4,934 112.722 3.767 68,500 10,454 Donations to Freedom Leisure Friday Night Project Swimming for the eklerty Teaching equipment 452 515 515 268,834 268,940 116,217 9of13
Tenbury Community Pool Limited Notes to the Financial Ststements Continued For the year ended 31 March 2024 8. Slaff costs and ornoluments 2024 2023 No employees 9. Comparntive for th• Statemert of Financial Activities Restrict•d funds 2023 funds Income and endt)wments from: Donations and legacies Other trading activites Investments 115.700 3.017 149 14,400 130,100 3,017 149 Total 118.866 14.400 133.266 Expgndlture on: Raising funds Charitable activtties Total {125) (105,763) (10S888) (125) (116,217) (116,342) (10.454> (10,454) Net Incomo 11978 3,946 16,924 Re¢onclllatlon of funds Total funds brought forward Totsl fvnds carrled forward 20,930 33.908 437 21,367 38.291 4.383 10. Tanglblo fixod assots Land arHI bulldlngs Cost or valuatlon At 01 April 2023 At 31 March 2024 311,670 311.670 Depreclatlon At 01 April 2023 311,670 At 31 Mar¢h 2024 311,670 Net book values At 31 M8rch 2024 At 31 March 2023 The company took over the lease. on 20 March 2017. for the land on whth Ihe pool was builL The lease is for 999 years from 25 March 1967. At 20 March 2017 the buildings were valued at £500.(hXI. 10of13
Tenbury Community Pool Limited Notes to the Financial Statements Continued For the year ended 31 March 2024 11. Debtors 2024 2023 Amounts due wilhin one year: Trade debtors 1.530 Prepayments and accrued income Other debtors 2.311 901 2,249 557 4.742 2.806 12. Creditors: amounts falling due T*Athin one year 2024 2023 Trade credttor5 16,902 23,625 5.496 Accruals and deferred income 40.527 13. Creditors: amounts falling duo after more than one year 2024 2023 Trade creditors 3.379 3,379 14. Movement in funds Unrostricted Funds Balance at 01104r2023 Incoming Outgoing Balance at 3110312024 Gener81 General 33.908 238.606 {255.222} 17.292 238,606 {255,222) 17.292 11of13
Tenbury Community Pool Limited Notes to the Financial Statements Continued For the year ended 31 March 2024 Unreslrlcted Funds- Prevlous year Balance at 0110JJ2022 Incoming rosources Outgoing resources Balance at 3110312023 General General 20.930 118.866 (105.888) 33,908 11&866 {105,888) 33.908 Purpose of unr•strl¢t•d Funds General To maintain the fabric of the fa(ilty. in parttcular. to pay for prop&ty iruranCe as well as repai maintenance in excess of £12,000. Restrictsd Funds Balance at 0110412023 Incoming resources OutgolTrg resources Balanc8 at 3110312024 Arts Project Friday Nht Project 437 437 13,736 (14,236) 3,446 13.n6 {14236) 3.883 Rgstrlcted Funds- Previous year Balance at Incoming Oulgoing Balan¢9 at 3110312023 Arts Project Friday Night Project 437 437 14.400 {10,454) 3.946 437 14,400 (10.4541 4,383 PuryMJse of restrlcted funds Art$ Project A creative arts project to encourage the young people in Tenbury Wells to treate murals and cary out art projects. Friday Night Projert Friday Night project is for all young people aged between 16 tr) 17 years old. The sessions indude swimming sessions. fitness and sccial activthes with SUprt from YMCA yCh Workers and Freedom Leisure Gym and Lrfeguards staff. It supports the health and weilbing of yourvJ people in Tenbury Wells. 12of13
Tenbury Communty Pool Limited Notes to the Financsal Statements Continued For the year ended 31 March 2024 15. Analysis of net assets bètwBen funds T•gible Nel CUTTrnt Creditors > Net Assots {liabilitie81 Unrestricted funds Generdl General 18.736 11.444) 17,292 Restricted funds Arts Project Frrday Night Project 437 437 3.446 22,619 (1,444) 21.175 Prevlous ygar Tangib Net current as$ets I 11Sabllltl•s} CredltOTS > N•t A¢ts one year Unrestricted funds Genernl Gen8ral 37.287 (3.379) 33,908 Restrtctgd funds Arts Project Friday Night Project 437 437 3,946 41.670 (3.379) 38.291 13of13