Company registratlon number: 09515855
Charity reglstration number: 1167366
Love Withington Baths
IA company limited by guarantee}
Annual Report and Flnancial Statements
for the Year Ended 31 March 2024
The Moffatts Partnership LLP
Suite 1.1, Flrst Floor
Jackson House
Sibson Road
Sale
M33 7RR

Love Wlthlngton Baths
Contents
Reference and Adrnlnistratlve Detalls
Trustees, Report
2to7
Statement of Trustees, Responslbllltle5
Independent Audltors, Report
9toll
Statement of Flnanclal Actlvltles
12
Balance Sheet
13
Statement of Cash Flows
14
Notes to the Flnanclal Statements
1Sto30

Love Withington Baths
Reference and Administrative Details
Trustees
Mr Paul David Smith. Managing Oirector
Mr Saqlb Mohammed Hus5aln
Ms Allce De Araujo
Mr Oavld Robert Payne
Ms Jennlfer Clalre Green
Secretary
Mr Willlam Brock Russell Plnnock
Charlty Reglstratlan Number
1167366
Company Re8lstratlon Number
09515855
The charlty Is Incorporated Sn England & Wales.
30 Burton Road
Wlthington
Manchester
M20 3E8
Rezlstered Offtce
Audltor
The Moffatts Partnershlp LLP
Suite 1.1. First Hoor
Jackson House
5ibson Road
Sale
M33 7RR
Pa8e I

Love Withington Baths
Trustees, Report
The trustees, who are directors for the purposes of cornpany law, present the annual report together with the
financial statements and auditors, report of the charitable company for the year ended 31 March 2024.
Objective5 and activitie5
object5 and oims
The objects and aims for Love Withington 8?th5 ore..
•To advance the education of the public, and the knowledge and appreciatlon of the heritage of South Manthester
by the preservation of the buildings known as Withington Baths
•To advance educatlon by the provision of facilities for physical education and swimming lessons at the Baths,.
•To advance the health of the publlc by the provision of facilities for swimming. exercise and physical therapies at
the Baths for the Intended 8enefi¢iarles,'
tsTo advance amateur sport by the provision of facllities for swimming and other sports at the Baths for the
Intended Beneflc12ries,'
•To promote communlty development in an area of social and economic deprivation by the promotion of urban
regeneration In partlcular In the areas of Withington and Old Moat, South Manchester, as follows:
the creation of training and employment opportunities by the provlslon of workspace, bulldin8s, andlor land for
use on favourable terms;
the mainten3nce, improvement or provision of public amenitles;
the preservation of buildings or sites of historic or architectural importance.
•The provision of recreational facilities for the public at large or those who by reason of their youth, age, Infirmlty
or disablement. financial hardship or social and economic circumstances, have need of such facilities.
•To promote for the benefit of the inhabitants of Withington and Old Moat in South Manchester and the
surroundlng 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 improvin8
the Condition of life of the said inhabitants.
Page 2

Love Withington Baths
Trustees, Report
Strategy to achieve the objectlves
Love Withington Baths took over the runnin8 of Withington Baths and Lelsure Centre In June 2015 wlth a focus on
providing varled servlces and affordable prlces for the dlverse commLtnlty we serve. Nine years on we are now a
well-established faclllty whlch has an Increa51ngSy posltlve Impact on the people who use our services.
Thls year saw the completlon of our major refurbishment project to restore the swimming pool hall and both
studios back to their former 810ry. Tllln8, brlckwork and extemal stained glas5 were all repaired and we also
Installed a new AHU Into the pool. Alongslde the capltal work, we also completed an engagement programme
Involvlng prlmary schools and adult SEND learners In the deslgn of stalned glass wlndows; oral hlstory project,
productlon of a tlmellne to show the hlstory of the baths and other slgnage to help tell the story of the baths, The
total project cost was around £2.8M.
We contlnued to dellver all of our seNices durSn8 the refurblshment whlch was no mean feat and there was a hu8e
sense of relSef for both swlmmers and staff when the crash deck was removed from the pool hall. The cublcles
were then installed and the faclllty looks fabulous. Herltage tours were then Inltlated and have been very popular.
The feedback from members and communlty stakeholders has been hugely posltlve.
Page 3

Love Withington Baths
Trustees, Report
Achievements and performance
Provision of our core leisure services.
Provided gym services to approximately 3,500 members by year end. A growth of 850 over the year
Provided approximately 120 classe5 each week once both studios were back in action in April
Provided swimmin8 for 480 children through our schools swimming programme and being the best performing
pool in Manchester
Provided after-school swimmin8 for 950- 1,050 children every week of the year
Provided our Baby Swimming proEramme for over 100 Under 3's
Oelivered 1-2-1 swimming lessons for young people and adults
Provided a Family Fun swim every Sunday morning
Additional Services.
Run heritage tours and workshops for young people and adults
Established a volunteering programme for local people who are involved in maintaining and enhancing the
external space5 and also running heritage tours
Established Withington Works so that it now has approximately 25 regular monthly users
Operated our community café which provides an additional service for members and other users and also
provides an invaluable social function in providing a space for local people who are socially isolated or vulnerable
Continued to provide a room for a physiotherapy business which remains very busy
Delivered ten lifeguard training courses
Continued to operate a Swim Assistants programme to provide employment and qualifications for young people
and which enhances the quality of our after school swim-programme
H05ted 3 PARS classes for the NHS each week for an average of 10 people per class
Delivered 2 classe5 per week for older people free of charge Isilver Circuits) and 2 weekly table tennis sessions
also targeting older people
Ran a number of activities specifically targeting teenagers, including a boxing club, junior and family maftial arts.
These are run in association with local stakeholders including GMP and Southway Anti Social Behaviour Team
Organised a number of activitie5 for our members to improve social cohesion, including day trips, fashion shows,
member nights out and walking groups
Additional achievements..
Became an accredited Real Living Wage employer and participated in Council activities to promote the scheme
Won the Locality Enterprising Organisation award
Initiated repayments of the £IM loan from Manchester City Council towards the refurbishment costs and
successfully renegotiated the terms of this facility to reduce 24125 interest payments.
Implemented a highly effective rnarketing and external communications plan, boosting engagement and our
profile
Commissioned a social impact report to measure the value we create through our work. This report identified a
return of £21 for every £1 invested in the Baths.
Page 4

Love Withington Baths
Trustees, Report
Trustee review
This ha5 been an excellent year, The completion of the refurbishment project means we have a beautiful facility
which adds considerable value to our members user experience a5 well a5 being a functioning heritage asset. The
pool hall and studios are now restored for the next generation. The re-opening of the ￿￿tre provided an
opportunity to celebrate that success with project partners and other stakeholders.
All of our leisure services have Brown in quality and/or numbers over the year. The growth In gym membershlp
from 2,950 to 3,800 has been particularly pleasing and provides the foundation for our business, contrlbutlng
significantly to the surplus we make and which we can re-invest back into the building. our staff and our
ommunity.
The implementatlon of the project was a significant challenge but ultimately very rewarding. Other key challenges
related to the increasing operatlng costs, princlpally from rising electrlcity prices, but also from rlses across the
board.
Public benefit
Love Withington Baths is 3 public benefit entity. All Services provided are for the benefit of the public of
Withington and surrounding areos. Following a recent social impact study by an external consultancy, it has been
calculated that for every £1 invested in the 8aths, there is £22 of benefit to wlder society.
The trustee5 confirm that they have complied with the requirements of section 17 of the Charities Art 2011 to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Flnancial review
Total intoming resources amounted to £1,678.33212022123 £1,904,7291 with unrestricted income of £1,472,705
and restricted incorne of E205.627.
Total resources expended amounted to El,267,82712022123 - f 909.979}.
All ot the expenditure related to unrestricted funds. Transfers between funds relates to the release of restrictions
on grants received once these have been expended on the capital projert5 that the restricted grants have been
received for.
The total net result for the year wa5 an operating surplus of £410.50512022123 - £994.750}. We received grants for
refurblshment of £205,627 with the assoclated costs moved straight on to the balance sheet under flxed assets.
Fixed assets are now £3,060,863 compared to £2,144,301 In March 2023.
Total retalned funds carried forward at the end of the year amounted to £2,504.956 {2022123 £2,094,662), all
funds being unrestricted.
Page S

Love Withington Baths
Trustees, Report
Pollcy on reserves
The Trustees objective is to maintain a level of reserve5 whlch ensure5 that all commitments can be met if the
buslne55 was requlred to close at short notice. The trustee5 have set this level at £150,000 which has been
achieved during this year.
Funds In deficit
There are no funds in defSclt.
PrlnclpolAundlnq sources
The prlnciple funding sources is the income recelved for the services provided by the lelsure facilities.
Plans for future perlods
Alm5 and key obJectlve5 Jorfuture perlods
The priorities for 2024125 are..
Carbon reduction measures, including the Installation of a pool cover and the replacement of our 4 obsolete
boilers and associated equipment. We will be Introducing a range of practlces to reduce our carbon footprint and
reduce waste.
Enhancement of our external space to establish a space whlch can accommodate our community events, café
users and provide a better quality experience for gym members and users
Bring forward a lully specified and costed project for the refurbishment of our gym roof. We my potentiallv
initlate Ihls project this year if funding is secured but it is more Ilkely to be Implemented early in 2025126
Continue to Identify and pursue opportunbties to take over local leisure facilltles where we can add value
Increasing the capacity of Withington Works with extra desk space and further facilities for private meetinBS
The forecast revenue for 24125 is £1,338,000 with £1,057,000 of costs and a resultlng operating surplus of
£280,414. This include5 the repayment of both interest and the principal sum borrowed from Manchester City
Council. The expenditure forecast allows for the sl8nificant increase in our gas price from lune 23 as we reach the
end of our current deal.
For 25126 onwards, we are forecasting a surplus of around £280,000, rising arbd falling around this mark over
future years. Our surpluses wlll continue to be used to fund subsequent capital works and Investments In plant.
Golng concern
The trustees are satisfied that the charity remains a going concern for a period in excess of twelve months.
Strurturei governance and management
Nature olgovernlng dotument
The charity is controlled by its 8overnin8 document, a deed of trust, and constitutes a limited company, limited bv
guorantee, 05 defined by the Companies Act 2006.
Page 6

Love Withington Baths
Trustees, Report
Mojor rlsks ond monugement ol those rlsks
6eneral Risk Policy
The Trustees regularly revlew all areas of activitie5 to Identlfy rlsks to the charlty and potentlal rlsk areas.
The trustees have established appropriate levels of reportln8 and controls to mltigate both Identifled and potentlal
rlsks.
Credltor payment pollcy
Involces are paid by direct deblt or usually wlthln two weeks of receipt of invoice,
Dls¢losure of Informatlon to audltor
Each trustee ha5 taken steps that they ought to have taken as a trustee In order to make themselves aware of any
relevant audlt Informatlon and to establlsh that the charlty's audltor Is aware of that Informatlon. The trustees
Confirm that there 15 no relevant Informailon that they know of and of whlch they know the auditor is unaware.
Reappolntment of audltor
The auditors The Moffatts Partnershlp LLP are deemed to be reappolnted under sectlon 487121 of the Companles
Act 2006.
Th
ual report was approved by the trustees of the charlty on 30 july 2024 and slgned on Its behalf by;
Mr Paul David Smlth
Managln8 Dlrector and
Trustee
Pa8e 7

Love Wlthington Baths
Statement of Trustees, Responsibilities
The trustees {who are also the directors of Love Withington 8aths for the purpose5 of company lawl are
responslble for preparing the trustees, report and the financial statements In accordance wlth applicable law and
United Kingdom Accountin8 Standards Iunited Kingdom Generally Accepted Accounting Practice). inclvding FRS
102 "The Financial Reportln8 Standard applicable in the UK and Republlc of Ireland.. The report and accounts have
been prepared In accordance with the provlslons In the Companles Act 2006 relating to small companles.
Company law requlres the trustees to prepare financlal Statements for each flnanclal year. Under company law the
trijstees musl. not approve the financlal ststements unless they are satisfied that they give a true and fair vlew of
the state of affalrs of the charitable company and of the Incomlng resources and applicatlon of resources, Includlng
Its Income and expendlture, of the charitable company for that perl¢d. In preparlng these financlal statements, the
trustees are requlred to:
select sultable accountlng pollcles and apply them consistently,.
obseNe the methods and princlples In the Charltles SORP,.
make ludgements and estlmates that are reasonable and prudent,.
state whether applicable accounting Standards, comprlsing FRS 102 have been followed. sublect to any
materlal departures dlsclosed and explained In the financlal statements., and
prepare the financial statements on the goln8 concern basls unless it Is Inapproprlate to presume that the
charltable company wlll contlnue In buslness.
The trustees are responsible for keeping proper accountln8 records that can disclose wlth reasonable accuracy at
any time the finanelal posltion of the Charitable company and enable them to ensure that the flnanclal statements
comply wlth the Companles Act 2006. They are also responslble for safe8uardln8 the assets of the charltable
company and hence for taklng reasonable steps for the preventlon and detection of fraud and other Irregularltles.
The trustees are responslble for the maintenance and inte8rlty of the corporate and ftnanclal Informatlon Included
on the charltable company's website. Legislation governln8 the preparatlon and dlssemlnatlon of flnanclal
Statements may differ from legislation In other lurlsdlctSons.
by the trustees of the charlty on 30 July 2024 and 51gned on Its behalf by:
Mr Paul David Smith
Managing Director and
Trustee
Page 8

Love Withington Baths
Independent Auditor's Report to the Members of Love Withington Baths
Oplnion
We have audited the financial statements of Love Within8ton Baths (the 'charity'l for the year ended 31 March
2024, which comprise the Statement of Financial Activities. Balance Sheet. Statement of Cash Flows, and Notes to
the Financial Statements, Includlng a summary of significant accounting policles. The financial reporting framework
that has been applied in their preparation is United Kingdom Accountlng Standards, comprising Charitie5 SORP
FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law Iunlted
Kingdom Generally Accepted Accountin8 Practice).
In our opinion the financial Statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incomin8 resources
and application of resources, including its income and expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and
have been prepared in accordance wlth the requlrements of the Companles Act 2CK)6.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our iespon5ibilities Under Ih05e standards are further described in the auditor responsibilities for the audit of
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard. and we have lulfilled our other ethical responsibilities in accordance with these requirements. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinlon.
Concluslons relatlng to golnl concern
In auditing the financial statements. we have concluded ihat the trustees use of the going concern basis of
accounting in the preparation of the financial statements Is appropriate.
8ased on the work we have perfofmed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast $18nificant doubt on the charity's ability to continue a5 a going
concern for a perlod of at least twelve months trom when the original financlal statements were authorised for
issue.
Our responsibilities and the responsibilities of the trustees With respect to 80in8 concern are described in the
relevant sections of this report.
Other Informatlon
The trustees are responsible for the other information. The other information comprise5 the information included
in the annual report. other than the financial statements and our auditor's report thereon. Our opinion on the
financial statements does not cover the other information and, except to the extent otherwise explicitly stated in
our report, we do not express any form of assurance conclusion thereon.
Page 9

Love Withington Bath5
Independent Audltor's Report to the Members of Love Withington Baths
In connection with our audit of the financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent witli the financial statements or our
knowledge obtained in the audit or otherwise appears to be makerially misstated. If we ideiitify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a materlal mlsstatemenl of the other information. If, based on the
work we have performed, we conclude that there is a material misstatement of this other Informatlon, we are
required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit..
the information given in the Tru5tees' Report for the financial year for which the financial statements are
prepared Is consistent with the financial statements; and
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charity and its environment obtained in the course of the
audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters where tne Companies Act 2006 require5 US to report
to you if, in our opinion..
adequate accounting records have not been kept, or returns adeouate for our audit have not been received
from branches not visited by us; or
the financiol statemenls are not in agreement with the accounting records and returns,. or
certain disclosures of trustees remuneration specified by Saw are not made; or
we have not received all the information and explanations we require for our audit.
the directors were not entitled to prepare the financial statement5 in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the directors, report and from the
requirement to prepare a strategic report.
Responslb511tles of trustees
As explained more fully in the Statement of Trustees, Responsibilitie5 Iset out on page 81, the trustees are
fe5ponsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such internal control as the trustees determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to contirkue as
a going concèrn, disclosing. 35 applicable. matters related to going concern and using the going concern basis of
accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic
alternative but to do so.
Page 10

Love Withington Baths
Independent Auditor's Report to the Members of Love Withington Baths
Audltor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statement$ as a whole are free
from material misstatement. wheiher due to fraud or error. and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of deteding irregularities. including fraud is detailed below..
Irregularities. including fraud, are instances ol non-compliance with laws and regulation5. We design procedures in
line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities,
including fraud.
Based on our understanding of the charity. we identified that the principle risks of non-compliance with laws and
regulations related to breaches of the legal and regulatory framework that the charity operates in. We considered
the extent to which non-compliante might have a material effect on the financial statements. The key laws and
regulations we considered in this context included Charities Commission. employment law and health and safety.
Use of our report
This report is made solely to the charitable company's trustee5. as a body, in accordance with Chapter 3 of Part 16
of the Companie5 Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees
those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest
extent permitted by law. we do not accept cr assume resF)onsibility to anyone other than the charitable company
and its trustees as a body. for our audit work, for this report. or for the opinions we have formed.
axon IS
ndon
r Statutory Auditor)
If of The Moffatts Partnership LLP. Statutory Auditor
Fo
Suite 1.1, Wirst Floor
Jackson House
Sibson Road
Sale
M33 7RR
30 July 2024
Page 11

Love Withington Baths
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total Recognlsed Gains and
Losses)
unrestricted
funds
Restricted
fund5
Total
2024
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
16.898
1.453.588
2,509
205.627
222,525
1,453.588
2,509
686,820
1,217,556
353
Investment income
Total Income
1.472,995
205,627
1,678,622
1,904,729
Expendlture on:
Raising funds
Charitable activities
1,363
1911,3421
{1,268,3271
11.268,3271
Total expenditure
{1.268,3271
11,268.3271
1909.9791
Net Income
204,668
205,627
205,627
1205,6271
410,295
994,750
Transfers between funds
Net movement In funds
410.295
410.295
994.750
Reconclliatlon of fund5
Total funds brought forward
2.094.662
2.094,662
1,099.912
Total funds carrled forward
22
2.504,957
2.504,957
2,094,662
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2023 15 Shown In note 22.
The notes on pages 15 to 30 form an integral part of these financial statements.
Page 12

Love Withington Baths
(Registration number: 095158551
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible a55etS
Investments
14
3,060.863
loo
2,114,300
15
3,060,963
2.114,300
Current assets
Stocks
16
867
687
Debtors
Cash at bank and in hand
17
10,826
529,239
24,218
440,805
Is
540,932
46S,710
Creditots: Amount5 talling due within one year
19
1154,0231
193,412
Net current assets
386,909
372,298
Total a55ets less current liabilities
3,447,872
2,486.598
Creditors: Amounts falling due after more than one year
20
1942,9151
1391,9361
Net assets
2,504,957
2,094,662
Fund5 of the charity.,
Unrestricted income fund5
Unrestricted funds
2,504,957
2,094,662
Total funds
22
2,504,957
2.094.662
These financial statements have been prepared in accordance with the special provisions relating to companies
ct
o the small companies regime within Part 15 of the Companies Act 2006.
ncial st tements on pages 12 to 30 were approved by the trustees, and authorised for issue on 30 July
nd signed on
ir behalf bv:
Mr Paul David Smith
Managing Director and
Trustee
The notes on pages 15 to 30 form an integral part of ihese financial statements.
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Love Withington Baths
Statement of Cash Flows for the Year Ended 31 March 2024
2024
2023
Note
Cash flows from operatlng actlvltles
Net cash Income
502,412
993,727
AdJu5tment5 to Cash flows from non-cash Items
Depreclatlon
Investment Income
67,653
12,2191
75,558
13531
567,846
1,068,932
Worklng capltal adjustment5
Increase In stocks
Decrease In debtors
Increaselldecreasel In creditors
16
{1801
13,392
60,511
{6871
38,838
150.9331
17
19
Net cash flows from operatln8 actlvltles
641,569
1,056,150
Cash flow5 from Investlng aetlvltSes
Interest recelved
2,219
1,106,333)
353
(1,706,563)
Acquisitlons of tanglble a55ets
Net cash flows from Investlng activltles
(1,104.1141
{1,706,2101
Cash flows from fln?nclng actlvltles
Repayment of other borrowln8S
550,979
432,167
Net Increase/lde¢rease) In cash and cash equlvalents
88,434
1217,8931
Cash and cash equivalents at l Aprll
440,805
658,698
Cash and cash equlvalents at 31 March
529,239
440,805
All of the cash flows are derlved from contlnulng operatlons during the above two periods.
The note5 on page5 15 to 30 form an integral part of these financial statements,
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Love Withington Baths
Notes to the Financial Statements for the Year Ended 31 March 2024
I Charity Status
The charity Is limlted by guarantee, Incorporated in England & Wales. and consequently does not have share
capital. Each of the truslees is liable to contribute an amount not exceeding £1 towards the asset5 of the charity in
the event of liquidation.
The address of its registered office is:
30 Burton Road
Withington
Manchester
M20 3EB
These flnanclal statements were authorised for Issue by the trustees on 30 July 2024.
2 Accountlni pollcles
Summary of slgnlflcant accountlng pollcles and key accountlng estlmates
The prlncipal accounting policies applied in rhe preparation of these financial statements are set out below. These
policies hove been consistently applied to all the years p,"esented. unless otherwise stated.
Statement of compllance
The financial statements have been prepared in accordance with Accounting and Reportin8 by Charlties..
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 IFRS 10211 (issued in October 2019
Icharities SORP IFRS 10211, the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021
and the Companles Act 2006.
Basis of preparatlon
Love Withington Baths meets the definition of a public benefit entlty under FRS 102. Assets and Ilabilitie5 are
initially reco8nised at historical cost or transaction value unless otherwise stated in the relevant accounting policv
notes.
Going concern
The trustees consider that there are no material uncertainties about the charitvs ability to continue as a going
concern nor any 518nificant area5 01 uncertainty that affect the carrying value of assets held by the charlty.
Income and endowments
All income is recognised once the charity has entitlement to the income. it is probable that the income wlll be
received and the amount of the income receivable can be measured reliably.
Page 15

Love Withington Baths
Notes to the Financial Statements for the Year Ended 31 March 2024
Donotlons ond legocles
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In
the event that a donation is Subject to conditions that require a level of performance by the charity before the
charity is entitled to the fund5. the income is deferred and not recognised until either those condition5 are fully
met, or the fulfilment of "hose conditions is wholly within the control of the charity and it is probable that these
conditions will be fulfilled in the reporting period.
Gmnts receivoble
Grants are recognised when the charity hès an entitlement to the funds and any conditions Ilnked to the grants
have been met. Where performènce conditions are attached to the grant and are yet to be met, the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend
due.
Choritoble octivities
Income from ¢haritable activities intludes any income received which is a payment for goods and services provided
for the benefit of the charity's beneficièries.
Expenditure
All expenditure is recognlsed once there Is a legal or constructlve obllgation to that expenditurè, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to
particular headings they have been allocated on a b3S15 consistent with the use of resources, with central staff
costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Raisingfvnds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in
trading activities that raise funds.
Choritable artivities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and seTvices for
its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect
nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent
with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the
time spent and other cost5 by their usage.
Page 16

Love Withington Baths
Note5 to the Financial statements for the Year Ended 31 March 2024
Governance costs
These include the costs attribuiable to the charity's compliance with constitutional and statutory requirements.
including audit. strategic management and trustees meetin8s and reimbursed expenses.
Govemment grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset
received or receivable. Grants are cla55iffed a5 relating either to revenue or to assets. Grants relating to revenue
are recognised in income over the perlod in which the related costs are recognised. Grants relating to assets are
recognised over the expected useful life of the asseL Where part of a grant relating to an a55et is deferred. it i5
recognised as deferred income.
Taxation
The charity 15 considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore
it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity 15
potentially exempt from taxation in respect of income or capital gains received within categories covered by
Chapter 3 Part 11 of the Corporaiion Tax Act 2010 or Section 256 ot the Taxation of Chargeable Gains Act 1992, to
the extent that such income or gains are applied exclusively to charitable purposes.
Tanglble fixed assets
Individual fixed assets c05ting £1.￿ or more are initially recorded at cosL
Depreclatlon and amortlsatlon
Depreciation is provided on tangible fixed assets so as to write off the cost or Wdluatlon, less any estimated residual
value, over their expected useful economic life as follows:
Asset dass
Restoration Improvements
Other property improvements
Furniture, fittings and equipment
Depreclatlon method and rate
Over the remaining years of the lease
15% reducing balance ba515
25% reducing balance basis
Fixed asset investments
Fixed asset investments, other than programrne related investments. are induded at market value at the balance
sheet date. Realised gains and losses on investments are calculated as the difference between sales prO￿ed$ and
their market value at the start of the year. or their subsequent cost. and are tharged or credited to the Statement
of Financial Artivities in the period of disposal.
Unreallsed gains and losses represent the movement in market values during the year and are credited or char8ed
to the Statement of Financial Activities based on the market value at the year end.
Page 17

Love Withlngton Baths
Notes to the Flnanclal Statement5 for the Year Ended 31 March 2024
Stock
Stock is valL5ed at the lower of tost and estlmated selling prlce less costs to complete and sell. ofter due regard for
obsolete and slow movln8 Stocks. Cost Is determined using the first-ln, first-out IFIFOI.
Trade debtors
Trade debt¢rs are amounts due from customers for merchandise sold or servlces performed In the ordlnary course
of buslness.
Trade debtors are recoBnlsed Inltlally at the transactlon prlce. They are subsequently measured at amortlsed cost
usln8 the effectlve Interest method, less provlslon for Impalrment. A provislon for the impalrment of trade debtors
is established when there is objectlve evldence that the charlty wlll not be able to collect all amounts due
accordln8 to the original terms of the recelvables.
Cash and cash equlvalents
Cash and cash equlvalents comprlse cash on hand and call deposlt5. and other short-term hl8hly Ilquld Investments
that are readlly convertlble to a known amount of cash and are subject to an Inslgnlficant rlsk of change In value.
Trade credltors
Trade credltors are obll8atlons to pay for goods or servlces that have been acqLTrlred In the ardlnary course of
buslness from suppllers. Accounts payable are classlfied as current Ilabllltles If the charlty does not have an
unconditlonal rlght, at the end of the reportln8 perlod, to defer settlement of the credltor for at least twelve
months after the reporting date. If there Is an uncondltional rl8ht to defer settlement for at least twelve months
after the reportln8 date, they are presented as non-current liabllltles.
Trade credltors are recognised Inltlally at the transactlon prl¢e and subsequently measured at amortised cost using
the effectlve Interest method.
Borrowlng5
Interest-bearlng borrowlngs are Inltlally recorded at falr value, net of transactlon costs. Interest-bearin8
borrowlngs are subsequently carrled at amortlsed cost, wlth the dlfference between the proceeds, net of
transactlon costs, and the amount due on redemptlon being recognlsed as a charge to the Statement of Flnanclal
Actlvltles over the perlod of the relevant borrowlng.
Interest expense Is recognlsed on the basls of the effective interest method and is included in Interest payable and
slmllar charEes.
8orrowings are classlfled as current Ilablllties unless the charity has an unconditional right to deter settlement of
the liability far at least twelve months after the reporting date,
Page 18

Love Withington Baths
Notes to the Financial Statements for the Year Ended 31 March 2024
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of
the objectives of the charity.
Pensions and other post retirement obligation5
The charity operates a defined contribution pension scheme which is a pen5i0n plan under which fixed
contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further
contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to
employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are
due. If conlribution payments exceed the contribution due for semce. the excess is recognised as a prepayment.
Flnancial instruments
Classlllcotlon
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual
provisions of the instrument.
Financial liabilities and equity instruments are classified according to the 5ub5tance of the contractual
arrangement5 entered into. An equity instrument is any contract that evidences a residual interest in the assets of
the charity after deducting all of its liabilities.
Recognition ond meosurement
All financial assets and liabilities are initially measured at transaction price {including transaction costs), except for
those financial assets classified as at fair value through profit or loss. which are initially measured at fair value
(which is normally the transaction price excluding transaction costs). unless the arrangement constitutes a
financing transaction. If an arrangement constitutes a financing transaction. the financial asset or financial liabilitv
is measured at the present value of the future p3ymeniS discounted at a rnarket rate of interest fo., a similar debt
instrument.
Financial assets and liabilities are only offset in the statement of financial position when, ènd only when there
exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net
basis. or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial
asset expire or are settled. bl the charity tonsfers to another party substantially all of the risks and rewards of
ownership of the financial asset, or cl the charity. despite having retained some. but not all, significant risks and
rewards of ownership, has transferred control of the asset to another party.
Financial liabilitie5 are derecognised only when the obligation specified in the contrart is discharged, cancelled or
expires.
Page 19

Love Withlngton Baths
Notes to the Financial Ststements for the Year Ended 31 March 2024
3 Income from donations and legades
Unrestrirted
funds
General
Restrirted
fvnds
Total
Z024
Total
2023
Donations and legacies".
Donations from individuals
876
876
2,328
Grants, including capital grants;
Government grants
16.022
205,627
221.649
684.492
16.898
205.627
222.525
686.820
4 Income from charitable activltles
Unrestricted
funds
General
Totsl
2024
Total
2023
Membership Fees
Swimming pool and swimming lessons
Gym, PT and other dasses
Room hire
848.968
539,208
16.828
29.956
17.629
848.968
539,208
16,828
29.956
17.629
694,399
457,331
17,604
33,382
14,841
Shop and Cafe income
1.452.S89
1.452.589
1,217,557
S Investrnent Income
Unrestrlcted
funds
General
Total
2024
Total
2023
Interest receNable and similar income.
Interest receivable on bank deposlts
2,509
2.509
353
Page 20

Love Withington Baths
Notes to the Financial Statements for the Year Ended 31 March 2024
6 Expenditure on tharitable activities
Unre5trirted
funds
General
Total
2024
Total
2023
£ (As re5tatedl
84,933
11,592
459,40S
21,142
81,099
15.548
26.122
2.071
36,907
75,899
3,073
769
Instructors and dasses
109,714
9,018
562,581
17,680
IIYd.780
18.549
19,528
5,319
38,510
159.769
5.219
1,698
109.714
9,018
562.581
17.680
108,780
18,549
19.528
5319
38.510
159.769
5.219
1.698
Shop and Cafe purchases
Staff costs
Rates and water
Light. power and heating
Insurance
Cleaning
Equipment
Repairs and maintenance
Depreciation
Ltcenses
Netwarklng & Entertalnment
1.056,365
1,056.365
818,560
In addition to the expenditure analysed above. there are also governance costs of £29,94912023 - £22.8531 which
relate directly to charitable activities. See note 7 for further details.
Page 21

Love Withlngton Baths
Notes to the Financial Statements for the Year Ended 31 March 2024
7 Analysis of governance and support costs
Charitable activities expenditure
Unrestrlcted
funds
General
Total
2024
Total
2023
Payment collectlon servlce fees
IT y)ftware and consumable5
18,465
16,575
32,954
2,202
2,970
2,$43
1,517
2,368
72,448
24,238
5,233
500
18,465
16,575
32.954
2,202
2.970
2,543
l.S17
2,368
72,448
24.238
5.233
11,951
11,023
13.583
1,969
3,149
5,737
1,017
104
Advertlsing
Telephone
Printing, postage and stationery
General expenses
Travel & Subsistence
Bank fees
Loan interest
6,580
8.281
5.513
Consultin8
Subscrlptlons
Donations
182,013
182,013
68,907
Governance costs
Unrestricted
fund5
General
Total
2024
Total
2023
Audit fees
Audit of the financial statements
6,600
10.332
13,017
6,600
10,332
13.017
6,000
10,008
6,504
341
Other fees paid to auditors
Legal fees
Depreciation. amorti5ation and other similar costs
29,949
29,949
22,8S3
Page 22

Love Withington Baths
Notes to the Financial Statements for the Year Ended 31 March 2024
8 Governmentgrants
Grants have been recelved to fund the capltal restoratlon project of the bullding5 and restsrt grants after the Covld
pandemlc.
The amount of grants recognlsed In the finandal statements vffis £221.649 {2023 - £684,492).
9 Net Incomingloutgoing resour
Net Incoming resource5 for the year indude:
2024
2023
Audit fees
6.000
75.899
Depreciation of fixed assets
159,769
10 Trustees remuneratlon and expenses
During the year the charity made the following transartions With trustees:
Mr Paul David Smith
Mr Paul Dawd Smith received remuneration of £10.67612023: £10.1211 during the year.
No trustees have receTved any other benefits from the charity during the year.
Page 23

Love Withington Baths
Notes to the Financial Statements for the Year Ended 31 March 2024
11 Staff costs
The aEgregate payroll costs were as follows..
2024
2023
Staff Costs duringthe year were:
Wages and salaries
Social security costs
Pension costs
514,067
31,007
8,298
9,209
422,058
26,258
7,264
3,825
Other staff costs
562,581
459,405
The monthly average number of persons lincluding senior management I leadership teaml employed by the
charity during the year expressed as full time equivalents wa5 as follows:
2024
2023
No
Average employees
45
35
24 (2023 - 181 of the above employee5 participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £8.982 {2023 - £7,264).
No employee received emoluments ofmore than £60,CMIO during the year.
The totsl employee benefits of the key management personnel of the charity were £69.96212023 - £59,395).
The chief executive officer, as the hlghest paid member of staff, received benefits totalling £59.153 12023
£49,274).
12 Auditors, rèmuneratlon
2024
2023
Audlt of the financial statements
6.600
6,000
Other fees to audltors
All other non-audit seNices
10.332
10,008
Page 24

Love Withington Baths
Notes to the Flnanclal Statements for the Year Ended 31 March 2024
13 Taxatlon
The charlty is a reglstered charity and Is therefore exempt from taxatlon.
14 Tanglble flxed asset5
Land and
bulldln8S
FumlturÈ and
Èqulpment
Total
Cost
At l Aprll 2023
Addltlons
2,346,699
1,091.546
39,272
14,787
2,385.971
1,106,333
At 31 March 2024
3,438,245
54,059
3,492,304
Depreclatlon
At l Aprll 2023
Charge for the year
249,495
151,793
22,176
7,977
271.671
159,770
At 31 March 2024
401,288
30,153
431,441
Net book value
At 31 March 2024
3,036,957
23,906
3,060,863
At 31 March 2023
2,097,204
17,096
2,114,300
Included wlthln the net book value of land and buildings above is £NII12023 £NIII In respect of freehold land and
bulldln8s and E3,036,95712023 - £2,097,204) In respect of leasehold improvements.
IS Flxed asset Investments
2024
Shares in group undertakings and partlclpatlng interests
loo
Page 25

Love Withington Baths
Notes to the Financial Statements for the Year Ended 31 March 2024
Shares In group undertaklngs and partlclpatlng Interests
Subsidlary
undertaking5
Total
Cost
Additlons
loo
At 31 March 2024
loo
Net book value
At 31 March 2024
loo
Detalls of undertaklngs
Details of the investments in which the charity holds 20% or more of the nominal value of any class of share capital
are a5 follow5..
Countryof
incorporation
Proportion of votlng rights
and share5 held
Principal
activity
Undertaking
Holding
2024
2023
Subsldlary undertaklngs
Management
of real estate
and catering
activities
LWB Trading Ltd
Engalnd & Wales
Ordinary £1
Shares
loo%
5ubsldlarles
The profit for the financial period of LWB Trading Ltd was £NII12023 - £NIII and the aggregate amount of capital
and resetves at the end of the period was £IOO12023- £Nill.
16 Stock
2024
2023
Stocks
867
687
Page 26

Love Withington Bath5
Notes to the Financial Statements for the Year Ended 31 March 2024
17 Oebtors
2024
2023
Trade debtors
3,103
7,723
3,483
1,964
17.965
806
Prepayments
Accrued income
Other debtors
10,826
24,218
18 Cash and cash equlvalents
2024
2023
C3sh on hand
2,395
438.410
Cash at bank
529.239
529.239
440.805
19 Creditors: amounts falling due within one year
2024
2023
Bank loans
Trade creditors
40,231
28,271
15,154
1,798
68.569
40,231
4,424
15,318
1.437
32.002
Other taxation and soclal security
Other creditors
Accruals
154,023
93.412
20 Creditors: amounts falllng due after one year
2024
2023
Bank loans
942,915
391.936
Page 27

Love Withington Baths
Notes to the Financial Statements for the Year Ended 31 March 2024
21 Penslon and other schemÈs
Deflned contrlbutlon penslon scheme
The chaiity operates a defined contribution pension scheme. The pension cost charge for the year represents
contributions payable by the charity to the scheme and amounted to £8,29812023 £7.2641.
22 Funds
831ancÈ at
31 March
2024
Balance at I
Aprll 2023
Incomlng
resources
Resources
expended
Transfers
Unrestrlcted funds
General
General funds
2,094,662
1,472,995
11,268.3271
205,627
2,504,957
Restrlcted funds
Heritage Lottery Fund
205,627
1205,6271
Total funds
2,094,662
1,678,622
11,268,327)
2,504,957
Balance at
31 March
2023
Balance at I
Aprll 2022
Incomlng
resources
Resources
expended
Transfers
UnréstrScted funds
General
General funds
1,099.912
1,291,737
1909,9791
612.992
2,094,662
Restricted
Heritage Lottery Fund
612,992
1612,9921
Total funds
1,099,912
1,904,729
1909.9791
2,094,662
The specific purposes for whlch the funds are to be applied are as follows..
National Lottery Heritage Fund - Grants are received from the Heritage Fund specifically for the repairs and
refurbi5hrnent of Withington 8aths.
Page 28

Love Withlngton Baths
Notes to the Financial Statements for the Year Ended 31 March 2024
23 Analysis of net a55ets between funds
Restrlcted
funds
Unrestricted
funds
General
Total fund5 at
31 March
2023
Restricted
funds
Tangible fixed assets
Current assets
2,113,278
465,710
193,412)
1391.936)
2,113.278
465,710
193,4121
1391,9361
Current Ilabllltles
Creditors over l year
Total net a55et5
2.093.640
2,093.640
24 Analysis of nèt funds
At 31 March
2024
At l April 2023
Cash at bank and In hand
440.805
440,805
Net debt
440,805
Flnancing cash
flows
440,805
At 31 March
20Z3
At l April 2022
Cash at bank and in hand
658,698
121S,824)
442,874
Net debt
6S8,698
1215,8241
442,874
Page 29

Love Withington Baths
Notes to the Financial Statements for the Year Ended 31 March 2024
25 Related party transactlons
Durlng the year the charlty made the followlng related party transactions:
Davld Payne
(David Payne is a trustee)
David Payne is provlding proJect managementlplannlng work Re Wlthlngton Baths refurblshment & transformatlon
project in a profe551onal capacity. During the year he h35 been paid £4,38812023 - £3,881) for servlce5 Supplied. At
the balance Sheet date the amount due tolfrom Oavid Payne was £NII12023 - £NIII.
Glalsyers
Iwllllam Plnnock, the company secretary, 15 a partner at the above flrni of 5011cltor51
Legal servlces have been provlded to the charlty durin8 the year. Amount5 pald to Glaisyers In the year are £NII I
2023- £NIII. At the balance sheet date the amount due tolfrom Glaisyer5 Vlas £NII12023 - £NIII.
Mr Dennls Anthonyshannon
(Dennis Shannon is a Director)
Mr Dennls Shannon recelved remuneratlon of £57.907 {2023: £49.2741 durln8 the year. At the balance sheer date
the amount due tolfrom Mr Oenn15 Anthony Shannon was £Nil {2023- £NIII.
Page 30