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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 09515855 (England and Wales) REGISTERED CHARITY NUMBER: 1167366

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Love Withington Baths

Ascendis

Chartered Certified Accountants & Business Advisor Unit 3, Building 2 The Colony Wilmslow Altrincham Road Wilmslow Cheshire SK9 4LY

Love Withington Baths

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 17
Detailed Statement of Financial Activities 18 to 19

Love Withington Baths

Report of the Trustees for the Year Ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Page 1

Love Withington Baths

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES Objectives and aims OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of Love Withington Baths are to:

1.1 To advance the education of the public, and the knowledge and appreciation of the heritage of South Manchester by the preservation of the buildings known as Withington Baths

1.2 To advance education by the provision of facilities for physical education and swimming lessons at the Baths;

1.3 To advance the health of the public by the provision of facilities for swimming, exercise and physical therapies at the Baths for the Intended Beneficiaries;

1.4 To advance amateur sport by the provision of facilities for swimming and other sports at the Baths for the Intended Beneficiaries;

1.5 To promote community development in an area of social and economic deprivation by the promotion of urban regeneration in particular in the areas of Withington and Old Moat, South Manchester, as follows:

1.5.1 the creation of training and employment opportunities by the provision of workspace, buildings, and/or land for use on favourable terms;

1.5.2 the maintenance, improvement or provision of public amenities;

1.5.3 the preservation of buildings or sites of historic or architectural importance.

1.6 the provision of recreational facilities for the public at large or those who by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, have need of such facilities.

1.7 To promote for the benefit of the inhabitants of Withington and Old Moat in South Manchester and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.

2. Strategy to achieve the objectives

Love Withington Baths took over the running of Withington Baths and Leisure Centre in June 2015. Previous years have focused upon the diversification of our leisure services so that we can meet the needs of all in our community and we have undertaken a number of capital projects to ensure that we can improve member experience. This year has obviously been very different. Covid hit in March 2020 and the whole of this financial year has therefore been impacted by the pandemic. Our focus has been on supporting staff and providing services to our members to the extent we were permitted to do so under government regulations. This has meant that the Baths has been closed completely for certain times during the financial year and even when it has been open, we have only been able to deliver a limited number of services and to a limited number of people. The one capital project this year been the completion of our sauna which is now a really relaxing space. This was finally opened in October.

3. Main activities undertaken during the year

The facility has been operated as follows:

Fully closed from 1st April (actually closed on 20th March 2020) through to 26th July - we ran limited on-line classes during that time

Page 2

Love Withington Baths

Report of the Trustees for the Year Ended 31 March 2021

27th July - 4th November: all services except Sauna were open but with restricted numbers in line with government/Swim England guidance

5th November - 1st December: on-line classes re-launched and physiotherapy stayed open throughout as an exempt activity 2nd December - 30th December: swimming pool and gym open but with on-line classes only (Tier 3) 31st December - 30th March (continued until 11th April): closed for everything other than physiotherapy and on-line classes (Tier 4)

Provision of our core services. We have:

Additional services. We have also:

4. Trustee Review

This has been a difficult year. We know that the community benefit enormously from the services we provide and that for many, their activity at the gym is a vital part of their social life. It has been very frustrating and disappointing that we have not been able to provide these services. It has also not been easy for staff who have had to deal with considerable uncertainty throughout the year and have returned to work in conditions which have been unfamiliar and ensuring that customers felt comfortable.

As a general rule, we have looked to re-open as soon as we were able to and have put on the maximum level of services as soon as we could, choosing to invest in additional staff and other support measures to ensure that these services were delivered in accordance with guidance and regulations. Our membership of Community Leisure UK has been essential during this year in terms of learning from (and supporting) other single site operators.

We have accessed a range of external financial support during the year. The furlough assistance in particular has been vital but we have also secured grants administered by the City Council and from Sport England which have allowed us to sustain the business.

Financially, we remain in good health despite significant losses this year. We began the year with £528,270 in the bank and end it with £384,196. This aligns with our profit and loss which shows a loss of around £145,000 across the year. It should be noted that £104,000 of this 'loss' has been spent on capital works - the sauna. The actual cash loss therefore is around £40,000. Our reserve of £50,000 remains in place as does our £230,000 co-financing contribution towards the NLHF project.

5. Future developments

In 2021/22 we aim to:

Page 3

Love Withington Baths

Report of the Trustees for the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

09515855 (England and Wales)

Registered Charity number

1167366

Registered office

Unit 3, Building 2 The Colony Wilmslow Altrincham Road Wilmslow Cheshire SK9 4LY

Trustees

S N Astley Landlord Property Devmt (resigned 31.3.21) A De Araujo Business Change Manager D Payne P Smith Director D Shannon Director Ms J Green

Company Secretary

W B R Pinnock

Independent Examiner

Ascendis Chartered Certified Accountants & Business Advisor Unit 3, Building 2 The Colony Wilmslow Altrincham Road Wilmslow Cheshire SK9 4LY

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ P Smith - Trustee

Page 4

Independent Examiner's Report to the Trustees of Love Withington Baths

Independent examiner's report to the trustees of Love Withington Baths ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view 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 Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Ascendis Business Services Limited ACCA Ascendis Chartered Certified Accountants & Business Advisor Unit 3, Building 2 The Colony Wilmslow Altrincham Road Wilmslow Cheshire SK9 4LY

Date: .............................................

Page 5

Love Withington Baths

Statement of Financial Activities for the Year Ended 31 March 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
15,700
Other trading activities
4
506,801
Investment income
5
330
Total
522,831
EXPENDITURE ON
Resources expended
6
589,060
Other
-
Total
589,060
NET INCOME/(EXPENDITURE)
(66,229)
RECONCILIATION OF FUNDS
Total funds brought forward
692,751
TOTAL FUNDS CARRIED FORWARD
626,522		 Restricted
funds
£
-
-
-
-
15,804
-
15,804
(15,804)
67,850
52,046		 2021
Total
funds
£
15,700
506,801
330
522,831
604,864
-
604,864
(82,033)
760,601
678,568		 2020
Total
funds
£
7,141
911,631
886
919,658
693,055
5,307
698,362
221,296
539,305
760,601

The notes form part of these financial statements

Page 6

Love Withington Baths

Balance Sheet 31 March 2021

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
15
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
261,373
1,749
385,696
387,445
(22,296)
365,149
626,522
-
626,522		 Restricted
funds
£
68,786
-
-
-
(16,740)
(16,740)
52,046
-
52,046		 2021
Total
funds
£
330,159
1,749
385,696
387,445
(39,036)
348,409
678,568
-
678,568
626,522
52,046
678,568		 2020
Total
funds
£
292,680
1,762
529,749
531,511
(46,850)
484,661
777,341
(16,740)
760,601
692,751
67,850
760,601

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

Love Withington Baths

Balance Sheet - continued

31 March 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. P Smith - Trustee

The notes form part of these financial statements

Page 8

Love Withington Baths

Cash Flow Statement for the Year Ended 31 March 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 2021
£
(20,642)
(20,642)
(105,702)
330
(105,372)
(18,039)
(18,039)
(144,053)
529,749
385,696		 2020
£
227,676
227,676
(142,979)
886
(142,093)
(15,804)
(15,804)
69,779
459,970
529,749

The notes form part of these financial statements

Page 9

Love Withington Baths

Notes to the Cash Flow Statement for the Year Ended 31 March 2021

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Decrease in debtors
Decrease in creditors
Net cash (used in)/provided by operations		 2021
£
(82,033)
68,223
(330)
13
(6,515)
(20,642)		 2020
£
221,296
46,888
(886)
3,006
(42,628)
227,676
  1. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.20 Cash flow At 31.3.21
£ £ £
Net cash
Cash at bank 529,749 (144,053) 385,696
529,749 (144,053) 385,696
Debt
Debts falling due within 1 year (18,039) 1,299 (16,740)
Debts falling due after 1 year (16,740) 16,740 -
(34,779) 18,039 (16,740)
Total 494,970 (126,014) 368,956

The notes form part of these financial statements

Page 10

Love Withington Baths

Notes to the Financial Statements for the Year Ended 31 March 2021

1. STATE AID

During the year of 2019 Love Withington Baths received a £53,000 loan. During 2020 & 2021 they made repayments on this loan of £36,260, leaving a remaining balance of £16,740 of this constituted state aid.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 15% on reducing balance Plant and machinery - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

The total future minimum operating lease repayments are as follows:

Total lease payments recognised as expense during year ended March 2021: £3,073

continued...

Page 11

Love Withington Baths

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

3. DONATIONS AND LEGACIES

Donations
4.
OTHER TRADING ACTIVITIES
Membership fees
Shop income
Room hire
Use of swimming pool
Government grant & CJRS
5.
INVESTMENT INCOME
Deposit account interest
6.
RESOURCES EXPENDED
Raising donations and legacies
Support costs
Other trading activities
Purchases
Staff costs
Aggregate amounts		 2021
£
15,700
2021
£
185,793
2,357
5,806
158,779
154,066
506,801
2021
£
330
2021
£
585,007
2021
£
723
19,134
19,857
604,864		 2020
£
7,141
2020
£
582,631
6,814
26,260
295,926
-		 2020
£
7,141
911,631
2020
£
886
2020
£
611,396
2020
£
12,369
69,290
81,659
693,055		 2020
£
12,369
69,290
81,659

continued...

Page 12

Love Withington Baths

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

7. SUPPORT COSTS

SUPPORT COSTS
Management Finance Other Totals
£ £ £ £
Raising donations and legacies 367,499 89,973 127,535 585,007

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 68,223 46,888
Other operating leases 5,244 5,244

9. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' remuneration totalled £9,270 for the year ended 31st March 2021, (£9,270 for 31st March 2020).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

10. STAFF COSTS

Wages and salaries
Social security costs
The average monthly number of employees during the year was as follows:
Average employees		 2021
£
362,178
20,713
382,891
2021
24		 2020
£
397,710
19,646
417,356
2020
21

No employees received emoluments in excess of £60,000.

continued...

Page 13

Love Withington Baths

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,141
-
Other trading activities
911,631
-
Investment income
886
-
Total
919,658
-
EXPENDITURE ON
Resources expended
693,055
-
Other
5,307
-
Total
698,362
-
NET INCOME
221,296
-
RECONCILIATION OF FUNDS
Total funds brought forward
471,455
67,850
TOTAL FUNDS CARRIED FORWARD
692,751
67,850
12.
TANGIBLE FIXED ASSETS
Improvements
to
Plant and
property
machinery
£
£
COST
At 1 April 2020
339,171
24,426
Additions
104,642
1,060
At 31 March 2021
443,813
25,486
DEPRECIATION
At 1 April 2020
64,406
6,511
Charge for year
61,999
6,224
At 31 March 2021
126,405
12,735
NET BOOK VALUE
At 31 March 2021
317,408
12,751
At 31 March 2020
274,765
17,915		 Total
funds
£
7,141
911,631
886
919,658
693,055
5,307
698,362
221,296
539,305
760,601
Totals
£
363,597
105,702
469,299
70,917
68,223
139,140
330,159
292,680		 Total
funds
£
7,141
911,631
886
919,658
693,055
5,307
698,362
221,296
539,305
760,601

continued...

Page 14

Love Withington Baths

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 16)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
Other loans (see note 16)
16.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling due between two and five years:
Other loans - 2-5 years
17.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Northern Impact Fund
Heritage Lottery Fund
TOTAL FUNDS		 ONE YEAR
At 1.4.20
£
692,751
27,000
40,850
67,850
760,601		 2021
£
1,749
2021
£
16,740
114
19,406
1,341
1,435
39,036
2021
£
-
2021
£
16,740
-
Net
movement
in funds
£
(66,229)
-
(15,804)
(15,804)
(82,033)		 2020
£
1,762
2020
£
18,039
3,384
9,761
1,177
14,489
46,850
2020
£
16,740
2020
£
18,039
16,740
At
31.3.21
£
626,522
27,000
25,046		 2020
£
1,762
2020
£
18,039
3,384
9,761
1,177
14,489		 2020
£
1,762
46,850
2020
£
16,740
2020
£
18,039
16,740
52,046
678,568

continued...

Page 15

Love Withington Baths

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
522,831
Restricted funds
Heritage Lottery Fund
-
TOTAL FUNDS
522,831
Comparatives for movement in funds
At 1.4.19
£
Unrestricted funds
General fund
471,455
Restricted funds
Northern Impact Fund
27,000
Heritage Lottery Fund
40,850
67,850
TOTAL FUNDS
539,305
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
919,658
TOTAL FUNDS
919,658		 Resources
Movement
expended
in funds
£
£
(589,060)
(66,229)
(15,804)
(15,804)
(604,864)
(82,033)
Net
movement
At
in funds
31.3.20
£
£
221,296
692,751
-
27,000
-
40,850
-
67,850
221,296
760,601
Resources
Movement
expended
in funds
£
£
(698,362)
221,296
(698,362)
221,296

continued...

Page 16

Love Withington Baths

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

17. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Northern Impact Fund
Heritage Lottery Fund
TOTAL FUNDS		 At 1.4.19
£
471,455
27,000
40,850
67,850
539,305		 Net
movement
in funds
£
155,067
-
(15,804)
(15,804)
139,263		 At
31.3.21
£
626,522
27,000
25,046
52,046
678,568

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,442,489 (1,287,422) 155,067
Restricted funds
Heritage Lottery Fund - (15,804) (15,804)
TOTAL FUNDS 1,442,489 (1,303,226) 139,263

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 17

Love Withington Baths

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Membership fees
Shop income
Room hire
Use of swimming pool
Government grant & CJRS
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Other trading activities
Purchases
Instructors and classes
Support costs
Management
Wages and pension
Social security
Staff training & uniform
Advertising
Finance
Other operating leases
Rates and water
Insurance
Light and heat
Accountancy
Loan interest
Bank charges
Carried forward		 2021
£
15,700
185,793
2,357
5,806
158,779
154,066
506,801
330
522,831
723
19,134
19,857
343,044
20,713
1,434
2,308
367,499
5,244
6,069
9,957
42,064
12,504
3,073
2,223
81,134		 2020
£
7,141
582,631
6,814
26,260
295,926
-
911,631
886
919,658
12,369
69,290
81,659
328,420
19,646
10,203
13,125
371,394
5,244
19,749
11,753
51,097
12,480
5,307
4,793
110,423

This page does not form part of the statutory financial statements

Page 18

Love Withington Baths

Finance
Brought forward
Legal & professional
Other
Sundry expenses
Computer consumables
Telephone
Postage and stationery
Repairs & cleaning
Equipment & consumables
Depreciation of tangible fixed assets
Total resources expended
Net (expenditure)/income		 Detailed Statement of Financial Activities
for the Year Ended 31 March 2021		 2021
£
81,134
8,839
89,973
3,829
5,893
1,469
97
46,670
1,354
68,223
127,535
604,864
(82,033)		 2020
£
110,423
10,811
121,234
4,916
7,860
1,202
1,204
57,029
4,976
46,888
124,075
698,362
221,296

This page does not form part of the statutory financial statements

Page 19