Company reglstratlon number: 09515855 Charlty re8lstratlon number: 1167366 Love Withington Baths IA company Ilmlted by guarantee) Annual Report and Flmnclal Ststements forthe Year Ended 31 Mar¢h 2025 The Moff8tts Partnershlp LLP Sulte 1.1, First Floor Jackson House Sib50n Road Sale M33 7RR Love Withington Baths Contents Reference and Administrative Details Trustees. Report 2to7 ststement of Trustees, Responsibilities Independent Auditors. Report 9t012 ststement of Finandal Activities 13 Balance Sheet 14 ststement of Cash Flows Is Notes to the Financial Statements 16to34 Love Wfthlngton Baths Reference and Adrnlnlstratlve Detalls Tntstees Mr Paul Davld Smfth, Managln8 Dlrector Mr Saqlb Mohammed Hussain Ms Alice De Araujo Mr Davld Robert Payne Ms Jennlfer aalre Green Secretsry Mr Wtlllam Brock Russell Plnnock Ch•rfty Regbtrntlon Number 116T366 Company Reostratlon Numb•r 09515855 The charlty Is Incorporated In En8land & Wales. 30 Burton Road Wlthln8ton Manchester M20 3EB Roglstered Oftk• Audltor The Moffatts Partnershlp LLP 5ulte 1.1, Firrt Floor Jackson House Sibson Road Sale M33 7RR Pa8e I Love Wlthlngton Baths Trustees, Report The trustees, who are dlrectors for the purposes of company law. p￿ent the annual report tO8ether with the financial statements and auditors, report of the charitable company for the year ended 31 March 2025. Objectlves and artlvltles Objects andalms The objects and aims for Love WlthinEton Baths are: •To adwdnce the education of the public, and the knowledge and appreciation of the heritage of South Manchester bythe preservatlon of the buildlngs known as Withington Baths •To advance educatlon by the provision of facilitles for physlcal educat]on and swimming lessons at the Baths: •To advance the health of the public by the provislon of facllltles for swlmmln& exerclse and physical therapies at the Baths for the Intended Beneficiaries: •To advance amateur sport by the provision of facllltles for swlmmlng and other sports at the Baths for the Intended 8eneflciaries; •To promots communty development in an area of social and economlc deprlvation by the promotion of urban regeneratlon In particular in the areas of Wlthington and Old MoaL South Manchester, as follows: - the creation of tralnln8 and employment opportunitles by the provision of V￿rk$pace. buildings, andlor land for use on favourable tems; - the maintenance, improvement or provision of public amenities; - the preservation of buildlngs orsltes of historic or architertural importance. •The provision of recreatlonal facilities for the public at large or those who by reason of their youth, age. infimity or disablement, financial hardship or sodal and economlc clrcumstances, have need of such facilities. •To promote for the beneflt of the inhabitants of WithinBton and Old Moat In South Manchester and the surroundlng area the pro415ion of faalities for recreatlon or other leisure time occupation of Individuals who have need of such faclllties by rea50n of thelr youth, age, Infirmity or disablement, financial hardshlp or social and economlc circumstances orfor the publlc at large in the interests of social welfare and wlth the objert of improvin8 the condition of lrfe of the said inhabitsnts. Pa8e 2 Love Wlthington Baths Trustses, Report Strate8y to achleve the obJertl¥es Love Wlthln8ton Baths took ovw the runnlng of WSthln8ton Baths and Lelsure Centre In June 2015 wlth a focus on provldln8 varled serrflces and èffordable prices for the dlverse comrnunlty we serve. Nlne years on we are rn)w a well-establlshed faclllty whlch has an Increa51n8ty posltlve Impact on the people who use our servlces. Our strategy to achleve ourobjectlves Is to: Dellver hSBh quallty lelsure 5ervlces whlch are designed to meet the speclflc needs of the local communlty and thus brlng about Improvements in people's mental and physlcal wellbelng. These Include the provlslon of a gym for cardlo, strength and condltlonlng and functlonal tralnln8 and over 120 classes each week. • Provlde tralnlng In Ilfeguardlng and flrst ald to support people Into employment. We also operate a xheme to employ young people as Swlmmlng Asslstants and a￿ a Real Llvln8 Wage employer. •Oell¥er hlih quallty swlmmln8 lessons for young people prlmarlly but also for adults to Improve people's physlcal and mental wellbeln8 Malntaln, preseNe and refurblsh the faclllty In 8 way whlch Increase the publlds •wa￿ne$S of the bulldlng's h15tory and Manchesterfs Industrlallsatlon more broadly. Thls Includes the physlcal restoratlon of the bulldSngi Internal 518na8e and vlsual materlals to Inform users, extsrnal communlcatlons and the dellvery of workshops for prlmary schools whlch allgn wlth natlonal currlculum. Run lelsure and engagement servlces whlch are tar8eted at speclflc 8roups. These Include female only swlmmln8 as well os a wlde varlety of sesslons for older people, Includlng table tennls, tsl chl, chalr-based yo8a and SSlver Clrcults. Operate a mana8ed workspace which provlde5 facllities for local people who are sole traders or work-from-homers. The workspace provldes much needed social contact and support for these people as well as opportunltles for learnlng and development through regular networking events. Page 3 Love Wlthlngton Baths Trustees, Report A¢hle¥ements and perfornwn¢e Trustee revlew We have tsken somethlng of a breath thls year. After cornpletlon of the malor refurblshment In 23124. we have focused on running the leisure centre effectively and supporting the communlty we serve. It is very much a breath though as we have sl8nlfKant plans for 25126 whlch Indude the openin8 of our first addltlonal slte on 1st Aprfl 2025 In Moston, North Manchestef. Thls Is an excltln8 OPPOrtunlty to see If our communlty-based model Is effettlve In an area whlch we do not know as well as Within8ton. We wlll need to offer sefvlce5 whlch meet M05ton's requirements and not simply replicate what we offer in Within8ton. It has stlll been another excellent year though. We have I,O(X) youn8 people on our swlmmlng progrdmme and we are the best perfomin8 swlmmlng centre In the clty In tems of quallflcatTrons achleved by our school puplls. We exceeded 3,800 membershlps thls year for the first ew tlme and all our classes contlnue to be very well attended. They are desl8ned for local people and Include baby, famlty and older people's sesslons. We are the premler yoga faclllty In the local a￿. We have run More actlvltles thFs year to support soclal coheslon and combat Isolatlon. We njn monthly walks and have had regular group excurslons to local lrfludln8 the annual Blackpool outln& Chrlstmas partles and summer 50clJls. These are prlndp•lty for older people but ¢yJr youn8est users too. We now employ over 60 people, indudlng 10 youn8 people as Swlm AssSstants. A further 40 people are engaged as class Instructors, and we are therefore a sl8nlflcant local employer. Wlthln8ton Works contlnues to be an excellent taclllty for local people run thelr own buslness or work from horne. There are 30 people who use the space each week. A number of networkln8 sesslons have been or8anlsed thls year as we alm to Increase our Impart to buslnesses across Wthlngton. We have slgnificantly Improved our voluntevln8 programrne thls year. The maln opportunltles are for our garden team and for the dellvery of herfta8e tours. We have more than 20 people across these two groups and have clear and effective volunteer rnana8ement StnjC￿res In place. y￿n8 people also volunteer as Ilfe8uard$ after completlon of trainin8 in return for subsidised ￿urSe fee5. From a $￿taInabIlIty F)olnt of vlew, we have Invested over £1￿1,000 to Install a pool cover and replace our Inefflclent bollers. This was funded prlmarify by a grant from Sport En8land and should reduce our 8as consumptlon by 30%. We have also participated in a number of recyclln8 schemes as well as Improvln8 our waste management practices. Next year we wlll be celebrating our l¢>year annlversary of taknng over the runnin8 of the Baths. We will be havin8 party In June and have also comrnlssloned a l(Kal artlst to produce a book whlth Captu￿ the personal connectlons to the Baths and make the case for community ownership. Pa8e 4 Love Wrthlngton Baths Trustees. Report Publlc b¢nefft Love Wlthln8ton Baths Is a publlc benefit entlty. All servkes provFded a￿ for the benefft of the publlc of Withington and 5urroundin8 areas. A study in 23n4 calculated that for every £1 invested in the Baths. thLYe Is £22 of benefit to wider society. The trnstees confim) that they have complled wlth the requlrements of sectlon 17 of the Charlties Act 2011 to have due re8ard to the publlc benefft 8uldance publlst*d by the Charlty Commtsslon for England and Wales. Flnanclal revlew Total Incomln8 resources amounted to £1,893,054 (2024: £1.678,6221 wlth unrestrltted Income of £1,777,571 and restrkted Income of £115.483. Totsl resources expended amounted to £1￿3,75?(2024. £1.268327). All of the expendlture related to unrestrlcted funds. Transfers between funds relates to the release of restrfctlons on 8rants recelved once these have been expended on the capitsl projects t￿t the restrltted grants have been recelved for. The totsl net result for the ye•r was •n operntln8 surplus of £339,29712024: £410,295). We recelved grants for refurbSshment of £116,733 wlth the assoclated costs moved stral8ht on to the balance sheet under fixed assets. Flxed assets are now £3,119,225 compared to £3,060,863 at 31st March 202 Total retalned funds carrled forward at the end of the year anM)unted to £2,844,25412024: £2,504,957), all funds belng unrestrlcted. Polky on reserves The Trustees oblectlve Is to rnalntaln • level of reserves whkh ensures that all cornmltrnents can be met If the buslness was requlred to close at slK*rt notlce. The trustees have set thls level at £150,000 whlch has been achieved during this year. Funds In deftlt There are no funds In defklt. Prlndpolfvndlnq sources The principle funding sources Is the Income recel¥ed for the ser¥ke5 provlded by the letsure facllltles and Grants recebved forthe capitsl projects. Pa8e 5 Love Wfthington Baths Trustees. Report Plans forf￿￿Te perlods Alms rmd key obJectlvesfvrfvtt•reperWs The priorities for 2025126 a￿. . Opening of our additional site on 1st April 2025 which we took over in Moston. 14orth Manchester. . Enhancement of our external space to establish a Spa￿ which can accommodate our community events, Café users and prowde a better qualty experien￿ for gyrn members and usus . 8rfng for•Ard a fully speafied and costed project forthe refurbishment of our gym roof. . Increasing the capacity of withi118t￿l wo￿$ wlth extrd desk space and further facilities for private meetings For 25126 onwards, we are forecasting a surplus of arourHI £280.000. risin8 and falling around this mark over future years. Our 5urplu5e5 will continue to be used to fvnd subsequent capital works and investments in plant. Golng wi¢ern The trustees are satlsfied that the charity remains a goin8 concern for a period in excess of twelve months. Structure• 8ov*nance and management The charlty is controlled by its Bovemi￿a documenL a deed of tnJsL and constitute5 a limited cornpany. limited by guarantee, as defined by the Companies Art 2006. Recrultment andappolntnxntof trustees New Trustees undertake an induction proces5 and experiwKed, estsblished Trustees are available to them for guidance and reference. Further details of the reuuitment process and responsibllities a￿ available in the Memorandum and Artldes of Assoclatlon. Indurtlon and trqlnlng of tn￿tte$ New trustees will receive an on-boarding pack of inf0m￿tion including the constitution. t￿￿tee terms of reference document. the latest annual report and statement of accounts. copies of minutes from recent board meetings, recent monthly board reports and Oth￿ relewdnt infom)atlon. Affanoementsfvrsettlng key monqgemertperso￿1rem￿llern¢1o￿ Remuneration for key personnel is set by the board with amounts being reviewed annually. As per the Memorandum and Artides of Associalfon, a director or a connetted person may be employed by the Charity or engaged to provide services to the Charity provided the remuneratlon is properly proportionate to the value of the seNices prowded and that a majority of the rfirectors do not benefft In thls way. Pa8e 6 Love Withln8ton Baths Trustees, Report Orqonlsotlonol structure The charity Is managed by the board of trustees. The trustee5 meet on a regular bas15, sets the strate8lc dlrettlon of the charlty, a8ree an annual bud8et. and monitors performance a8ainst the bud8et. The manasing director Paul Sm5th has been appolnted by the trustees to manage the day-to4ay operatlons and has delegated authorlty to take declslons on operatlng matters. General day to day management of the charlty on slte15 dele8ated to Faclllty Manager Dennls Shannon and Deputy Manager Natatlle Dou8las. Relatlonshlps wlth related partlei Broadway Lelsure SeThlces Ltd During the year, Manchester Cty Councll contrarted the dlrectors/trustees of Love Wlthlngton Baths to tske over Broadway Baths based In Moston. Some of the early set up costs for thls was pald through Love Wbthlngton Baths therefore resultln8 In a loan balance at the yeor end. The amounts are repayable on demand and are expected to be repald In the next flnanclal. Mojor rf$ks ond manogement oAthose rlsks Genernl Rlsk Pollry The Trustees re8ularly revlew all areas of artlvltles to Identlfy rlsks to the charlty and potentlal rlsk areas. The trustees have estsbllshed opproprlate levels of ￿pOrtIng and controls to mltlgate both Identffied and potentlal rfsks. Credltor payment pollcy Invokes are generally pald by dlrert deblt In ae¢ordance w5th the ￿queSted payment temis. Dl$¢losure of Inforniatlon to audltor Each trustee has 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 onfimi that there15 no ￿levant Informatlon that they know of and of whlth they know the audltor Ss unaware. Reappolntment of auditor The audltors The Moffatts Partnershlp LLP are deemed to be reappolnted under sertlon 48712) of the Companles Att 2006. al report was approved by the trustee5 of the tharity on 23 December 2025 and si8ned on Its behalf by: Mr Paul Davld Smlth Mana8lng Dlrector and Trustee Page 7 Love Wrthington Baths Statemerrt of Trustees. Responsibilities The trustees (who are also the dlrectors (rf Love Within8ton Baths for the purpose5 of company law) a responslble for p￿Paring the tn￿ee$, report and the financial statements in accordance with applicable law and United Klngdom kcountin8 Standards (United Kingdom Generalty Accepted Accounting Practice), includin8 FRS 102 'Yhe Financial Reporting Stsndard applicable in the UK and Republic of Ireland.. The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relatinE to small compani￿. Company law requires the trustees to prepare finandal ststements for each financol year. Under company law the trustees must not approve the fina￿la1 statements unless they are satisfied that they gNe a true ond fair view of the state of affairs of the charitable company and of the Incomlng resources and applicatlon of resources, including its income and expendltur4 of the charltable company for that period. In preparing these financial statements. the tnjstees are required to: select Suitable accountlng pollcies and apply them consistentty: obser4e the methods and prinoples in the Charities SORP: make judgements and estimates that are reasonable and prudent; 5tste whether applicable accountinE standards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the finandal statements: and prepare the flnanclal statements on the going Concern basis unless it is inappropriate to presume that the charitrble company *ryll contlnue In buslness. The tnJ5tees are responsible for keeping proper accountin8 rxords that can disdose wlth reaSona￿e accuracy at any time the financial position of the charitable company and enable thern to ensure that the financial statements comply with the Companies Art 2006. They are also responsible for safeguarding the assets of the charltable company and hence for taking reasonable step5 forthe prevention and detection of fraud and other irreBularities. The trustees are responsible for the malntenance and integrfty of the corporate and financrdl InfOrn￿tIOn Included on the charltable companws websr(e. Legislation BoV￿ning the preparation and dissemination of financial statements may differ from le8islatK)n in other jurisdictions. ed by the trustees of the chaiity on 23 December 2025 and signed on its behalf by. MrPaul David Smith Managin8 Director and Tnstee Page 8 Love Whhlngton Bath5 Independent Auditorfs Report to the Mernbe￿ of Love Wlthlngton Baths Oplnlon We have audlted the flnanclal statements of Love Wlthington Baths {the 'charltyJ for the year ended 31 March 2025, whlch ¢omprlse the Ststement of Flnanclal Activitles. Balance Sheet, Statement of Cash Flows. and Notes to the Flnanclal Ststements, Includin8 0 Summary of 518nifkant accounting policles. The flnanclal reportlng framework that has been applled In thelr preparatton Is Unlted Klngdom Accountln8 Stsndards, comprlslng Charlties SORP - FRS 102 'The Flnanclal Reporting StsrKlard applicable In the UK and Republlc of Ireland, and appllcable law Iunlted Klngdom Generally Accepted Accountlng Practke). In our opinlon the flnancial statements: give a true and fair of the state of the charlty's affalrs as at 31 March 2025 and of Its incomln8 resources and applkatlon of resources, In¢ludin8 its Incorne and expenditure. for the year then ended.. have been properly prepared Sn accordance wlth Unlted Kln8dom Genernlly Accepted Acc¢)untln8 Prdctke. Jnd have been prepared in accordance with the requirements of the Companie5 Art 2006. BMIS for oplnlon We conducted our audlt In accorthnce wlth Internatlonal Stsndards on Audltln8 IUKI (IS45 {UKII and applkable law. Our re5ponslbllltles under those standards are fvrther dexrlbed ITr the audltor re5ponslbllltles for the audlt of the flnanclal statements sertlon of our report. We are Independent of the charlty In accordance wlth the ethlcal requlrements that are rele￿nt to our audit of the finandal statements In the UK Includln8 the FRCS Ethical standard, and we have fulfllled our other ethlcal respons5billtles In accordance wtth these requlrements. We belleve that the audlt evklence we have obtalned Is sufflcient and approprfate to provlde a bas1$ for our oplnlon. C(m¢luslons rd•tln8 to 8oln8 COn￿M In audltlng the flnancial statements. we have concluded that the trustees use of the goln8 concern basls of accountln8 In the preparatlon of the finandal ststements Is approprlate. Based on the work we have perfomied. we have rth identEfied any material uncertalntles relatlng to events or condltions that, individually orcollectfvety. rnay cast slgnificant doubt on the charlty's abillty to contlnue as a golns concern for a perlod of at least twelve months from when the ori8inal financial statements were authorlsed for Issue. Our responslbllttles and the responslbllltle5 of the trustees wlth re5Pert to 8oln8 concem are descrlbed In the relevant sectlons of thls report. Otherlnformotl¢)n The trustees are ￿SPOnsIble for the other Infornmtlon. The other Inforniatlon comprtses the Informatlon Included In the annual reporL other than the financlal statements and our audltorfs report thereon. Our oplnion on the flnanci81 ststernents does not cover the other inforni8tion and. except to the extent otherwlse explicltly stated In our reporl we do not express any forni of assurance condusion thereon. Pa8e 9 Love Wlthlngton Baths Independent Auditor's Report to the Members of Love Wlthlngton Baths In connectlon w*th our audlt of the flnanclal ststements. our responslblllty Is to lead the other Infomatlon and, In dolng so. conslder whether the other Informatlon is materially Inconslstent wlth the flnarKlal statements or our knowledge obtaSned In the audlt or othepwlse appears to be materlally mSsststed. If we Identlfy such matertal Inconslstencles or apparent rnaterlal mlsstatements. we are requlred to determlne whether there Is a materlèl mlsstatement In the financlal statements or a materlal mlsstatement of the other informatlon. If, based on the work we have performed, we conclude that there Is a materlal mlsststement of this other Informatlon, we are requlred to report that fact. We have nothlng to report Sn thls regard. Oplnlon on other matter pres¢rlbed by the Companles Act 2006 In our oplnlon, based on the work undertaken In the course of the audlt: the Informatlon Blven In the Trustees, Report for the flnanclal year for whSch the flnanclal statements are preparedls cons15tent wSth the flnanclal statements; and the Trustees, Report has been prepared In accordance wlth appllcable legal requlrements. M•tters on whlth we are requlred to report by eM¢eptlon In the Ilght of our knowledge and understandlng of the charlty and Its envlronment obtalned In the course of the audSt, we have not Identlfled materlal mlsstatements In the Trustees, Report. We have nothln8 to report In respect of the followln8 matters where the Complnles Art 2006 requlres us to report to you If, In our oplnlon.. adequate accountlng re¢ords have not been kept, or retums adequate for our audlt have not been recelved from branches not vlslted by us: or the flnanclal ststements are not In a8reement wlth the ac¢ountlni records and returns; or certaln dlsclosures of truste￿ remuneratlon spe¢lfled by law a￿ not made; or we have not recelved all the InformatEon and explanatlons we requlre for our audlt. the dlrectors were not entltled to prepare the flnanclal ststements In accordance wlth the small companles regime and take )dvanta8e of the small compan5es' exemptlons In preparfn8 the directors, report and from the requlrement to prepare a strate8lc report. Responslbllltles of trustees As explalned more fully Sn the Ststement of Trustees, Responslbllltles (set out on pa8e 81, the trustees are responslble for the preparatlon of the financlal ststemerts and for belng satlsfled that they 8lve a true and falr vlew, and for such internal control as the trustees deternilne Is necessary to enable the preparatlon of flnanclal statements that are free from material mi551atement, whether due to fraud or error. In preparing the financial statements. the trustees are re5pon5ible for assesslng the charlty's abllity to contlnue as a golng concern, dlsclosln& as appllcable, matters related to going concern and uslng the goln8 concern basls of accountln8 unless the trustees either Intend to Ilquidate the charlty or to cease operatlons, or have no reallstle alternatlve but to do so. Page 10 Love Withington Baths Independent Audltoes Report to the Members of Love Wlthln8ton Baths Audltor respon51bllltles for the audlt of the finan¢lal statements Our objectlves are to obtaln reasonable assurance aboLrt whether the financlal statements as a whole are free from materlal mlsstatement, whether due to fraud or error, and to [￿ue an auditorfs report that Includes our oplnlon. Reasonable assurance Is a hlgh level of assurance. but Is not a guarantee that an audlt condurted In accordance wlth ISAS (UK) wlll always detect a materlal mlsststement when It exlsts, Mlsstatements can arise from fraud or error and are consldered materfal Sf. Indlvldually or In the a88re8ate, they could reasonably be experted to Inlluence the economlc declslons of users tsken on the basls of these flnandal ststements. IrreÉularltSes, Including fraud, are Instances of non-compllance with laws and regulatlons. We deslgn procedures In Ilne wlth our responslbllltles, outllned above, to detect materlal mlsstatements In respett of Irre8ularltles, ncludlng fraud. Based on our understandlng of the charlty. we Identlfled that the prfnclple rlsk5 of non There are Inherent Ilmitations In our audlt procedu￿$ dexribed aboNt. The test nature and other Inhe￿nt limltsfjons of an audrt, tO8ether with the inherent limitstions of any accountin8 and internal control systems, mean that there is an unawdable risk that even some material misstatements in respect of irregularftles may remaln undiscovered even though the audit is Properly planned in accordancewith1&4s (UK). We are less likely to becon* aware of instsnces of nonr and non-compliance with law or re8ulations rests with the trustees. A further descrlptlon of our responsibilities is available on the Financial Reporting Councifs website at: wKw.frc.org.ukJauditorsresponsibilities. This description forn￿ part of our auditorfs report. Use of our report Thls ￿port Is made solely to the charitsble cornpany's tn￿tees, as a body. In accordarKe wtth Chapter 3 of Part 16 of the Companies Art 2006. Our audit work has been undertaken so that we mlght State to the charity'5 trnstees those matters we are required to stste to them in an auditorfs report and for no other purpose To the fullest extent pemitted by law. we do not accept or assume ￿POnSibl1[ty to anyone other than the charltable company and its trustees as a body, for our audit worL for this repor¢ orforthe opinions we have formed. John Saxon Senior Ststutory Auditor) For and on behaff of The Moffatts Partnership LLP. Statutory Aud(tt Suite 1.1, First Hoor Jackson House Sib50n Road Sale M33 7RR 23 December 2025 Page 12 Love Wrthin8ton Baths Statsment of Flnanclal Pxtlvftles for the Year Ended 31 March 2025 (Includlng Income and Expendlture Account and Statement of Total Recognised Gains and Losses) Total 2025 Total 2024 funds Income and Endowmentsfrom: Donatlons and legacles Charitsble actlvitles 2.387 1,769.731 5.453 I￿.483 117,870 L769,731 5.453 222,525 1,453,588 2,509 Investment Income Total Income 1.7775n IiS.483 L893,054 1,678,622 EXP￿dItUre on: Ralslng funds CharStsble actlvltles 110,892) (1.542.865 110.8921 1,268,327 Total expend5ture {1.553.757 1,553,757) 11,268,327 Net Income Transfers between funds 223.814 IIS.483 115,483) 339,297 410,295 Net movement In funds 339,297 339,297 410,295 R¢¢ondllatlon of fvndi Totsl funds brou8ht forward 2.504.957 2,504,9S7 2,094.662 Total funds carrled foThArd 22 2,844,254 2,844.254 2,504,957 All of the charlty's attlvltfes derlve from contlnulng operatlons durfng the above two perlods. The funds breakdown for 2024 ts shown Sn note 22. The note5 on pa8es 16 to 34 forni an Inte8rn1 part of these financr41 statement& Pa8e 13 Love WrthinBton Baths 1fte￿$tration number 09515855) Balance Sheet as at 31 March 2025 2024 Tangible assets Investments 14 3,119.225 3.060.863 3.119.325 3.060,963 Current assets Stocks 16 2.849 33,542 705.403 Debtors 17 10.826 529,239 Cash at bank and In habvl 741.794 540.932 Credftor>. Amounts fallln8 due t*lthln we year 1155,5291 1154.0231 Net current assets 586.265 386.909 Total assets less current Ilabllltles 3.705.590 3,447,872 Cvedltors: Amounts Pdllln8 due after more than oneyear 20 1861.3361 1942.9151 2.844,254 2.504.957 Funds of the charlty: Unrestrfcted Income funds Unrestricted funds 2,844,254 2,504,957 Total funds 2,844.254 2,504,957 These financial statements have been prepared in acC￿danCe with the 4)ecial provisions relating to companies to the small companies regime within Part 15 of the Companie5 2006. finanual statements on pages 13 to 34 *re aPpro￿d lry the trustees, and authoflsed for Issue on 23 embè2025 and $18ned on their behalf bv: Mr Paul David Smith Mana8Jn8 Director and Trustee The notes on pages 16 to 34 fom) an integral part of these financial statement& Pa8e 14 Love Wlthlngton Baths Statsment of Cash Flows for the Year Ended 31 Marth 2025 2025 2024 Cash flows from operatlns •¢tlvltles Net cash Income 339.297 410,295 Adjustments to ¢ath Ilows from nOn￿$h Items Depreciation Investment Income 169.4S8 15,4531 238 159.770 (2.509) Loss on disposal of tan8lble fixed assets 503540 567556 Worklng tapkal adjustments Increase In stocks Ilncreaselldecrease In debtors (Decreaselllncrease In credltors 16 17 11.9821 122,7161 112,184 (1801 13.392 60.611 19 Net cash flo￿ from opuatln8 actlvltles 641.379 Cash ftows from In¥estln8 artlvltles Interest recelved Acqulsltlons of tan8lble assets Acqulsltlons of Investments In Jolnt ventures and assodates 5,453 1228,058} 2,509 11,106,333) iiooi Net cash flows from Investlw actlvltks 1222.605) {1,103,924) Cath flows from fInand￿ artl¥ltles Repayment of other borrowln8S 67,889 550,979 Net Increase In cash and cash equfvalents 176.164 88,434 Cash and cash equlvalents at l Aprfl 529.239 440,805 Cash and cash equlvalents at 31 March 705.403 529,239 All of the cash flows are derlved from continuln8 operatkns durlngthe above two perlods. The notes on pages 16 to 34 fom) an Inte8ral part of these finandal statement Pdge 15 Love Wlthlngton Baths Notes to the Flnanclal Statements for the Year Ended 31 March 2025 l Tharlty ststus The charity is limlted by guarantee, Incorporated In England & Wales. and consequently does not have share apital. Each of the trustees Is Ilable to contrlbute an amount not exceedln8 £1 towards the assets of the charlty In the event of Ilquklatlon. The address of Its reglstered office Is: 30 Burton Road Wlthlngton Manchester M20 3EB These fln8nclal statements were authorlsed for Issue by the trustees on 23 December 2025. 2 AccountlnB pollcles Summ•ry of slinlficant accountln8 pollcles and key •ccountlng estlmates The prlnclpal accountSng pollcles applled In the preparatlon of these flnanclal statements are set out below. These pollcles have been consirtently applled t¢ 011 the years presented, unless otherwlse stated. ststement of compllan¢e The flnanclal statements have been prepared In accordance wSth Accountln8 and Reportln8 by CharltSes'. ststement of Recommended Prèctlce lappllcable to charltles preparln8 thelr accounts In accordance wlth th• Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 10211 {Issued In October 2019) (Charitles SORP IFRS 10211, the Financlal Reporting Stsndard appllcable in the UK and Republlc of Ireland {FRS 1021 and the Companles Act 2006. 8051$ of prepjrntlon Love Within8ton Baths rneetS the deflnltlon of a publlc benefit entity under FRS 102. Assets and Ilabilities are inltially recognised at hlstorlcal cost or transactlon value unless otherwlse Stated In the relevant accountin8 policy notes. olns wn¢em The trustees conslder that there are no materfal uncertalntles about the charitys ability to continue as a 8oln8 concem nor any slgnlflcant areas of uncertalnty that affert the carryln8 value of assets held by the charfty. Income and endawments All Income Is reco8nlsed once the charlty has entltlement to the Income. It Is probable that the IrKome wlll be recelved and the amount of the Income receivable can be measured rellably. Page 16 Love Wlthlngton Baths Notes to the Flnanclal Statements for the Year Ended 31 Marth 2025 Don•tlons ondlegacks Donatlons are ￿cOgnISed when the charlty has been notified In wrftlng 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 15 entitled to the fvnds. the incorne is deferred and not rwised until elther those condttions are fulty met or the fulfilment of those C(￿dItiOnS is wholty within the control of ttr￿ charity and It is probable that these conditions will be fulfilled in the reportin8 peri?d. Grants are recogni5ed when the chartty ha5 an entitlement to the funds and any conditions linked to the grants have been met. Where perFormarKe condltlons a￿ attached to the grant and are yet to be meL the income is recognised as a liability and included on the balance sheet as deferred income to be released. Dfvldends are recognised once the dlbldend ha5 been declared arrfl n¢)tlficatk+n has been received of the dT¥idend due. The Majority of the incorne 15 in relation to Mernber5hip incorne and Swlrnmi￿ le5SOn5 income. Mernbershlp income is recognised when amounts are paid, there are no refunds given to cancellation of memberships and swlmmlng lessons is ￿ognised as the services are delivwed. Any amounts relating to Serv1￿ not yet provided at the reporting date are included as deferred income within creditors. Expendlture All expenditure is rec¢Jgni5ed once there Is a le8al or constructl¥e obll8atlon to that expenditu￿, it is probable settlement is required and the amount can be measured rellabty. All costs are all(Kated to the appllcable expendlture heading that aggregate similar costs to that category. Where costs cannot be d1￿Ctty attributed to particular headings they have been allocated on a basis 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 assevs use. Other support costs are allocated based on the spwd of staff cost* All resources expended are inclusive of irrecovernble VAT. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and servlces for its beneficlaries. It indudes both costs that can be allocated direcdy to such activtt*s and those costs of an indirect nature necessary to support them. Support co*s Support costs irKlude central fvnCt￿ns and have been allocated to activity cost cate8ories on a basls consistent with the use of resources, for example. allocatin8 property costs by floor areas. or per caplta, stsff costs by the time spent and other costs by their usage. Page 17 Love Withlngton Baths Notss to the Flnanclal Statements for the Year Ended 31 March 2025 These include the costs attributsble to the thaiitrfs Complian￿ with constitutp)nal and statutory requirements, Indudln8 aud]t, strate8lc mana8ernent and tn￿ee5 meetin8s and relmbursed expenses. Government grants Govemment grants are recognised based on the accwal model and a￿ measured at the falr Wdlue of the asset recelved or recelvable. Grants are dassrfied as relating either to revenue or to assets. Grants relating to revenue are recoEnised in income over the period In which the ￿Lated costs are rwnised. Grnnts ￿latIfig to assets are ognised over the expected Lthl life of the asseL Where part of a grdnt ￿lating to an asset is deferred, it 15 reco8nised as deferred income. Irrecoverable VAT Irrecoverable VAT Is char8ed agalnst the category of resources expended forwhich it was Incurred. Taxatlon The charity Is considered to pw the tests set out in Para8raph I Sthedule 6 of the Fiftan￿ 2010 and therefore It meets the definition of a tharitsble company for UK corporation tax purposes. Accordin8ly, the charlty Is potentially exempt from tsxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporatlon Tax Att 2010 or Section 256 of the Taxatlon of Chargeable Galns Act 1992, to the extent that such Income or galns are applied exclusively to charitable purposes. Tanglble flxed a Indivldual fixed assets costing £1.00 or more are initially recorded at COSt. Depreclatlon and amortlsatlon Depreciation 15 provided on tsngible fLKed assets so as to wrlte off the cost or Wdluation. le55 any estimated residual value, overtheir expected useful economic life as follows: Asset dass Restoration Improvements Other property irnprovements Fumiture, fittings and equipment DepredatlM method and rate I￿r the ￿mainIng years ofthe lease 15% reducing balance basis 25% reducing balan￿ basis Pa8e 18 Love Wlthlngton Baths Notes to the Flnandal Statsn*nts for the Year Ended 31 Marth 2025 Hxed asset Inve5trnents Fixed asset Investments. other than pro8rnmme related Investments. are Included at market ￿lue at the balance sheet date. Reallsed 8ains and losses on investments are cakulated as the difference between sales proceeds and thelr market value at the start of the year, or their subsequent cost, and a￿ charged or credlted to the Ststement of Flnanclal ALtlvltles In the perkMI of dIS￿saI. Unreallsed 8alns and losses represent the rnovement In market values durlng the yeir •nd are credlted or charged to the Statement of Flnanclal Actlvltles based on the mathet value at the year end. Stock Stockls valued at the lower of cost and estlmated sellln8 prlce less costs to complete and sell, 4fter due regard for obsolete and slow movln8 Stocks. Cost Is deternilned usln8 the first-ln, flrst-out (FIFO). Trade debtors Trade debtors are amounts due from ¢ustorners for MerC￿ndISe sold or ser¥lces perforn*d In the ordlnary course of buslness. Trnde debtors are recognlsed Initially at the transaction prfce. are subwuently measured at amortlsed cost uslng the effectlve Interest method. less provision for Impalnnent. A pro￿slon for the Impalrment of trade debtors Is establlshed when there Is oblectlve evldence that the charlty wlll not be able to collect all amounts due accordln8 to the orl8lnal terms of the recelvables. Cash and cash ¢qul¥alents Cash and cash equlvalents comprlse cash on hand and call deposlts, and other short-tern) hlghly Ilquld Investments that are readity convertible to a known amount of cash and are subject to an Ins18nfficant rlsk of change in value. Trnde ¢redltors Trade credbtors are obllgations to pay for goods or servkes that been acqu5red Sn the ordlnary cotsrse of business from suppliers. Accounts payable are classified as current liabilltles If the charity does not have an uncondi￿onal rlght. at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reportln8 date. If there Is an uncondltional right to defer settlement for at least twelve rnonths after the reportln8 date, they are presented as non