OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

Table of Contents The Best Local Pool in the World

Annual Report April 2024-March 2025

Table of Contents

1. Chair’s Introduction 2
2. The year at a Glance 3
3. The Masterplan & Capital Programme Update 4
4. Fundraising Update 9
5. Organisational Development 11
6. Looking Ahead 14
7. Financial Statements 15
8. Acknowledgements 17
9. Trustees & Statutory Information 19

1

1 | Chair’s introduction

The past year has been one of significant progress, unexpected challenges, and remarkable resilience for Moseley Road Baths. As we continue our ambitious ‘Diving In’ project to restore and transform this Grade II* listed building, we have navigated complex circumstances, while maintaining our commitment to the community and the heritage of this extraordinary place.

This Annual Report covers the time from that moment when the last of our Diving In National Lottery Heritage Fund Activity Programme-funded staff finished up their contracts, and Phase 1 of the Diving In construction process really kicked off in earnest. As a result, this year’s report is a shorter-than-usual update that focuses mostly on sharing progress from the capital project.

Major construction works finally commence on site, a significant milestone after years of planning and preparation. However, we also faced considerable challenges, including the insolvency of our original main contractor, ISG, in September 2024. The way our project board and project team responded to this setback – working collaboratively to appoint a new contractor and keep the project on track – demonstrates the strength of the partnerships that underpin this project.

Throughout these challenges, Birmingham City Council, the National Trust, World Monuments Fund, Historic England, and Friends of Moseley Road Baths have remained steadfast partners. The ongoing support from the National Lottery Heritage Fund and the Department for Levelling Up, Housing and Communities through the Levelling Up Fund has been essential to our progress.

As we look ahead, we remain focused on our vision to become ‘the best local pool in the world’, creating a thriving community hub that celebrates the heritage of Moseley Road Baths while serving the diverse needs of Balsall Heath and the wider Birmingham community. The detailed design work completed this year for Phase 2 brings us closer to realising this vision, even as we work to address the funding challenges that lie ahead.

I would like to thank our trustees, project team and staff, volunteers, and supporters for their dedication throughout this challenging but ultimately rewarding year.

Lucy Reid

Chair, Moseley Road Baths CIO

2

2 | The year at a Glance

2024-25 was a pivotal year for the Diving In project, marked by the transition from development into delivery, despite significant obstacles along the way.

Key Milestones

Project Funding

The Diving In project continues to be supported by a coalition of major funders:

The total project masterplan for the Baths and Balsall Heath Library is now estimated at £35.5 million, representing an increase from the original £32.7 million budget due to inflation, design development, and scope adjustments. Addressing this funding gap is a key priority for the year ahead.

3

3 | The Masterplan & Capital Programme Update

Masterplan

The masterplan developed by the coalition with Donald Insall Architects will cost £35.5m to deliver. It not only secures the future of MRB, but also adds value by physically connecting the Baths to Balsall Heath Library next door and develops a programme of complementary activities. The plan will be delivered in two main phases. At the end of Phase 2, the Baths will be able to re-open with restored and purposeful new spaces, with a host of transformed spaces that will be fully usable by the public for the first time in decades.

MRB will be a vibrant hub for culture, heritage and wellbeing, with swimming at its heart. The Baths’ magnificent historic spaces and vibrant programmes will bring people together, addressing local needs around health, wellbeing and skills, and providing pleasure and inspiration for visitors from near and far. Connected to the neighbouring Balsall Heath Library, MRB will be a source of civic pride and a model for the city, country and world.

The CIO needs as many spaces as possible across the building to be usable for income-generating activities; these should be as flexible as possible to allow us to adapt our business model as we go. The principles that underpin the masterplan are guided by the CIO’s values, conversations with users, partners, and our neighbours:

  1. Swimming returns to the Gala Pool : this is the most magnificent of the spaces in MRB – it’s the flagship space and the space that has the biggest ‘wow’ factor. The loss of this as a swimming space in 2004 was, symbolically, perhaps, the lowest point in the history of the Baths, and the biggest sign of what could have been the building’s inevitable and permanent loss. Putting swimming back in the Gala Pool is emblematic of this project. It gives us a strong marketing base as a magnificent ‘heritage’ swim. We want to be the most accessible pool in the city - ensuring we maximise our accessibility is essential.

Image – Donald Insall Architects

4

  1. The plant will be overhauled, replacing the steam boilers and introducing new renewable energy sources. Existing plant spaces will be re-used to create new toilets, poolside changing areas, Changing Place, studio space, and plant room.

  2. Pool 2 will become a dry events space, with storage, bar / refreshment facilities and access to the rear.

  3. The Mens’ Second Class Slipper Baths will become a community gym . This is paramount to our business model - after swimming, it’s the most important element of our business plan.

  4. The Womens’ First Class Slipper Baths, unused for over 20 years, will be converted into a Wellbeing Hub , centered initially around reinstating three slipper baths into this space, gradually increasing in number over 5 years to accommodate expected demand.

  5. A ramp into the building and a lift will be introduced to improve accessibility , in addition to a second ‘dry’ Changing Place, a pool pod and other physical access improvements.

  6. Being connected to Balsall Heath Library is vital for future shared spaces and programme development. The improvements to the library, including mezzanine level with study spaces, meeting room and quiet reading spaces, and shared commitment to work closely with the library team will enable us to create new opportunities for both Baths and library users.

5

Image commissioned by The National Trust

Phase 1 Construction

In October 2023, the Baths and Library closed to facilitate Phase 1 of the Masterplan, funded by Government (previously the Levelling Up Fund) and BCC. Phase 1 brings forward some of the most urgent capital repairs that represent an immediate risk to the Baths, including:

Following extensive value engineering exercises in early 2024, the Phase 1 construction budget was confirmed at £16 million, with BCC spend control approval received in May 2024. ISG, the appointed main contractor, commenced works on site in August 2024 following execution of the Construction Services Agreement.

On 19 September 2024, ISG notified their intention to appoint an administrator, ceasing trading on 20 September. This unexpected event required immediate action from the project team:

At the point of insolvency, ISG had substantially completed enabling works in both buildings, with stripout almost complete and demolition of the 2[nd] Class Slipper Baths underway. The site was significantly progressed to allow reinstatement works to commence with a new contractor.

Since Covid, construction costs in the UK have risen by approximately 15–20%, driven in particular by the cost of material prices of essential materials including steel, timber, and cement. The combination of these factors, combined with high pricing returns, and the cost to the project of the delay while a new principal contractor was appointed have resulted in some changes to the original plan for Phase 2.

The CIO strongly believes these changes, required due to the need to reduce costs, result in a scheme that is even better aligned with MRB CIO’s values - where ‘value-engineering’ has been about gain, rather than loss.

Appointment of Galliford Try

Following a competitive process through the CWM framework, Galliford Try was appointed as the replacement main contractor in December 2024. The contractor mobilised on site in February 2025, beginning an 18-week PCSA programme that includes:

6

The delays resulting from contractor insolvency have impacted the project budget, with £828,000 of additional costs incurred. The Phase 1 construction budget has been revised to £15 million to accommodate these costs while maintaining project contingency.

Phase 2 Design Development

A significant achievement this year was the completion of the Phase 2 RIBA Stage 4 detailed design, delivered by the project team led by Mace with Donald Insall Associates, Max Fordham, Mann Williams, and Artelia.

Phase 2 encompasses the remaining elements of the Diving In masterplan, including works to the Gala Pool, Pool 2 events space, gym facilities, and remaining areas of the building. The RIBA 4 cost plan, completed in January 2025, identified that delivering the full Phase 2 scope would exceed the available budget by approximately £9 million.

The project team is now working through options to address this funding gap, including:

Final decisions on Phase 2 scope are required by May 2025 to support the NLHF Round 2 application, scheduled for November 2025.

The key elements of Phase 2 construction are:

7

8

4 | Fundraising

National Lottery Heritage Fund

The National Lottery Heritage Fund remains a crucial partner in the Diving In project. Throughout the year, we have worked closely with NLHF to navigate the project challenges and adjust timelines appropriately.

Round 1 Extension

The NLHF Development Phase (Round 1) has been extended several times during the year to accommodate project circumstances:

These extensions have allowed the project to complete essential design work, respond to contractor insolvency, and ensure a robust Round 2 application.

Round 2 Application

The Round 2 application to NLHF will be submitted in November 2025, following a Development Phase Review scheduled for September 2025. The application will request up to £9.5 million (the maximum available grant) to support Phase 2 delivery.

NLHF have advised that the application must demonstrate:

Other Fundraising

The identification of a significant funding gap for Diving In Phase 2 has made fundraising a priority focus for the project. Our fundraising consultants, Development Partners, have been working on a strategy to address this challenge.

Applications in Progress

9

Fundraising Challenges

A key challenge identified this year is the sequencing of funding applications. Many major funders, including Garfield Weston Foundation, prefer to wait for NLHF decisions before committing their own funding. This creates a timing challenge, as NLHF expects match funding to be confirmed or in the pipeline before making their own decision.

We continue to work with NLHF to navigate this challenge and have focused on building relationships with potential funders to ensure they are ready to move quickly once NLHF decisions are confirmed

10

5 | Organisational Development

Business Planning

Significant work has been undertaken this year to strengthen MRBCIO's business plan, supported by consultant Alison Pearce. The business plan sets out how the organisation will operate the transformed Moseley Road Baths sustainably and in service of its charitable purposes.

Key themes running through the business plan include:

The business plan continues to be refined in coordination with the Activity Plan and in response to scope decisions for Phase 2.

Activity Planning

Building on the successful pilot activities delivered during the NLHF Round 1 development phase, we have continued to develop our Activity Plan for the delivery phase. New activities developed this year include:

Partnerships

We have continued to develop partnerships that will support future programming and skills development:

11

Interpretation and Heritage

Our interpretation strategy, developed by Lima Studio, sets out how we will tell the story of Moseley Road Baths and Balsall Heath Library to visitors. The RIBA Stage 3 Interpretation Plan was approved by the Project Board in July 2024 and submitted to NLHF.

Key elements of the interpretation approach include:

The interpretation scheme will progress to RIBA Stage 4 detailed design following the NLHF Round 2 decision

I 11.1 r, *ri"1 r ,J ,Il ill ,&iii, r•t 'IiJ-I

6 | Looking Ahead

The year ahead will be critical for the Diving In project. Key priorities include:

Phase 1 Completion

Working with Galliford Try to complete the Phase 1 construction works. Following the PCSA period, main contract works are expected to commence in summer 2025, with practical completion targeted for late 2026.

Phase 2 Scope Decisions

Final decisions on Phase 2 scope must be made by May 2025. This will involve difficult choices about prioritisation, balancing the desire to deliver the full masterplan against the reality of available funding.

Signing of the CIO Business Plan

A critical document required as part of the NLHF application process. The plan will build on all that we have learned since taking on the operation of the Baths in 2018, plus extensive further research, and many conversations with our swimmers, activity-attendees, volunteers, staff and neighbours.

Signed Agreement to Lease with BCC

Also as part of the set of documents that make up the NLHF application will be an agreement to lease between BCC and MRB CIO.

NLHF Round 2 Application

Submitting a compelling Round 2 application to NLHF in November 2025, demonstrating a clear vision, robust plans, and organisational readiness to deliver Phase 2.

Closing the Funding Gap

Continuing to pursue additional funding sources to address the gap between available budget and masterplan costs. Despite the challenges we have faced, we remain confident in the future of Moseley Road Baths. The coalition of partners supporting this project has proven resilient, and the community support for the Baths remains strong. We look forward to sharing further progress in the year ahead.

Being part of the Citizens in Power Network

MRB is one of a cohort of 14 founding organisations who are part of the national Citizens In Power network, funded by Calouste Gulbenkian. The network will work together over three years (20242027) to explore more accountable and democratic structures that look to make more informed and better decisions that benefit a wider range of people.

Through this peer learning network, we will consider approaches and business models that will enable us to put into practice new and deeper approaches to community-led decision making. We plan to use the time that while we are closed to plan and implement this shift, to understand the potential, and the impacts this will have on our operation, and our governance.

14

7 | Financial Statements

Statement of Financial Activities | For the period ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Total
EXPENDITURE ON
Charitable activities
6
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
ON CONTINUING OPERATIONS
10		 31.03.25
Unrestricted
funds
£
794
-
114
908
10,036
10,036
-9,128
128,479
119,350		 31.03.25
Restricted
funds
£
64,045
-
-
64,045
76,062
76,062
-12,017
12,017
-		 31.03.25
Total
funds
£
64,839
-
114
64,953
86,098
86,098
-21,145
140,495
119,350		 31.03.25
Total
funds
£
328,964
49,151
23,983
401,828
454,786
454,786
-52,958
193,452
140,495

All income and expenditure has arisen from continuing activities

15

Balance Sheet | At 31 March 2025

Notes
CURRENT ASSETS
Cash at bank and in hand
Debtors
8
CREDITORS
Amounts falling due within one year
7
NET CURRENT ASSETS / (LIABILITIES)
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
10
Unrestricted funds
Restricted funds		 31.03.25
Unrestricted
funds
£
102,349
17,001
119,350
-
119,350
119,350
119,350
119,350
-
119,350		 31.03.25
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-		 31.03.25
Total
funds
£
102,349
17,001
119,350
-
119,350
119,350
119,350
119,350
-
119,350		 31.03.25
Total
funds
£
107,071
43,389
150,460
9,965
140,495
140,495
140,495
128,478
12,017
140,495

16

8 | Acknowledgements

The Diving In project is only possible through the collaboration of many organisations and individuals. We would like to thank:

Our Funders

Our Coalition Partners

Our Project Team

Our Trustees and Staff

Finally, we thank our board of trustees for their governance and strategic oversight, and our staff team for their dedication throughout a challenging year.

We’ll be back soon, for swimming and other things….

17

----- Start of picture text -----
9 | Trustees & Statotuory Information
24
----- End of picture text -----

18

9 | Trustees & Statutory Information

Trustees

Lucy Reid (Chair) Kat Cleverley Sophie Curtis Joe Holyoak Diana Jones Grace Maher (Resigned June 2025) Nicola McGowan Ruth Miller Hamda Ibrahim Mohammed Kathryn Pearson Rebecca Pendlebury Peter Richmond Mohammed Sajid Simon Stirling

Statutory information

Registered charity number: 1176432 Moseley Road Baths 497 Moseley Road Balsall Heath Birmingham B12 9BX

19

REGISTERED CHARifi NUMBER: 1176432 Mos•l•y Road Baths CIO R•port of th• Trusto08 and Unaudlt•d Flnanclal 31atsm•nts for tho Perfod Endod 31 March 2025

REG15fERED CHARITY NUMBER: 1176432 Moseley Road Baths CIO Contents of tho Flnanclal Statoments for the hrlod Endod 31 March 2025 Pago Cth)tents of the Financial Slatements Report of the Tiustees Report of the Independenl Examiner Balance Sheet Notes to the Fmancial Slatements 10-13

REGISTERED CHARITY NUM8ER: 1176432 Report of the Trustees for th• Perfod Ended 31 March 2025 The trustees present thelr report the finan(xal stslements of the tharity for thè pertod ended 31 March 2025. The trustees have adopted the provlslons of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their aC(￿unts in accordance with the Fmancial Rep￿ng Standard applirable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). OBJECTIVES AND ACTivmES Objectives and aims Moseley Road Baths CIO was established to selaffe a fulure for Moseley Road Baths as a heritsge swimming pool which serrfes the local communty as well as having a wmler. national profile du8 to its Grade T Isted statU5. Mtles - To promote communty partldpalion in healthy recreation ty the Flrovrsion of facililies for swimming and aquatic SFMrt - Such charitable purposes for the public benefft are exduslvety charltable accordrng to the laws of England and Wales as the Trustees may from time to time d8temine. STRUCTURE. GOVERNANCE AND MANAGEMEiir Governlng document Moseley Road Baths CIO is a Charilable IncorpornW Organlsath)n (CIO) wistered with the Charty Commission on 21 December 2017. The CIO is govemed by a board of trustees. Al new tntstses are glven. In the view of the trustees. sufficaent training and have enough to control the charitys govemance, strategy and operatlons effectivety. Trustees are re(xuiied, on lh8 basis of ha¥lr& a broad range of kr￿dge and experience a(xoss the board of truste8S. Appolntment of Trustees In accordance with the terms of the constttutlon there musl be at least three charity twstees. If the number falls below this minlmum. the remaining trustees may onty act to call a m8eting of the charity trustees. or apwlnl a new (tsrity trustee. y member of the public wishing io become a Trustee must proNide an expressl¢)n of intsrest in the event of a vaww. The prospective aPpI￿nt will then be g5ven an opportuntty to observe a board meetirvJ whlch can then be folk)*pd by an application. Upon condusion of the process and satisfactory results. Ihe applicant will be ft￿￿llY wwited lo Joln the board. The MRB CIO'S Annual Report detalls Its actrvltles and future plans. Thls doeumont (whlch Is s¢paratè from th• Annual Report} provldes a brief overviow of actlvltles and plans.

REGISTERED CHARITY NUMBER: 1176432 PAosoloy Road Baths CIO Report of the Tn for the Porf¢xl Endod 31 Mareh 2025 ACHIEVEMEKf AND PERFORMANCE The past year has been one of sbgnfflcant progress. UneXF￿ challenges. and remarkable reslllenc8 for Moseley Road Baths. As continue our ambIt￿￿S.Dlylng In. project lo restore and transform this Grade Il. Ilstèd building, we have nawgaled complex circumstances whllè maintsining our o)mmltm8nt to the community and the hèritage of this extraordinary place. Thls year saw Major ¢onstru¢tion works commence on stte, a slgnlflcant mllestone after years of planning and preparallon. However. we also faced conshderable challenges. including the insolvency of our original main contractor, ISG, in September 2024. The way our coalition of partners responded to thls sétback - working collab)ratively to appoint a new contractor arKI keap the proie¢l on track - demonstrates the strength of the partnerships that underpin this project. Hlstoric England. and Friends of Moseley Roaij Baths have remained steadfast partners. Thé ongolng $UPF￿rt from the Nat￿nal Lottery Heritage Fund and the Department for Levelling Up, Housing and Communities through the Levelling Up Fund has been essentlal lo our progress. As we look ahead. we remaln fcKused on our vision.. to ¢reale a trwiwng communlty hub that c8lebratgS the herllage of Moseley Road Baths while serving the diverse needs of Balsall Heath and the vider Blrmingham communily-'the best local pool in the worfd.. The detailed design work completed thls year for Phase 2 brings us closer to realising thls vtslon, even as we work to address the fundlng challeng8s that Ile ahead. FINANC￿ REVIEW For Its year ended 31st March 2025 the CIO made a defidt of £21.145 (24125: dafidt of £52,958>. £12,017 of thls was uslng up grants br￿ght f(xward vthllst £9,128 related to unrnstrkted fund8 and was due to residual ¢08ts th18t Bathes ￿re closed. This giv￿ totsl reserves carried forvard of £119.350. made up of unreslrfcted reser4es of £119.350 and nll restrlcled reserrfes. Unrn8tr1cted funds were ral8ed through dona¢k￿8. The runnlng c08ts ￿re Inddental bulldlng CO8t$. The CIO'S net Y￿rth Is largely held in cash rgserves, representiThJ unrestricied funds. a mixture of trading surplus that wll help with ongolng costs during the duration of thg project and dosure In 2025126 and beyond. The CIO'S debtors are at an acceptsble18vel. wilh much of ￿ withln the 30 days temi or beyorKI a year. A bad debt provisrry) of £35.500 Is hld.

REGISTEREO CHARITY NUMBER: 1176432 Moseley Road &ith$ CIO for the Period Ended 31 Idareh 2025 Resorvos pollcy The CIO ￿rrentlY has a policy to keep reserves of £40.000. equlvalent to fwr months gross r￿ed costs when open. The reserves policy rs rweY•Ed annually and aims to build resilience for unforeséen closures or costs. There ts a desire to incr8ase this to at least 6 montr over the medium temi. This 11 be reassessed once the Baths reopen. Golng concem The financial ststements have been prepared on a going concem basls as the tNstees beI￿ve that the CIO has the reserves and supporting plans to meet the Cl(Ys obligations rythin the Project and durirvJ the curr8nt p8riod of dosur8 for 12 months frixn the date of authorising these financial statsments. FUTURE PLANS Our priorttles over the rnrning yBar are thereth: To continue to act as a responsive and engaged cTrclient and ctrsponsor athgside Bimingham City Council. working closely with the Dwing In project team. Design Team. and contractors to deliver the apiial prograrnme. now on site Phase 1. To updats and finalÈse CIO business plan and dr assouated documents in readiness for a Round 2 grant submission to the National Lottery Heritage Fund in November 2025. To agree temis and syn an agreernent to18ase ryth Bimiingham Cty Cwncil. To dosely with the Project Team arKI apOntsd c4)nsuNants on major fundraising bids to ensure the mastsrplan for the Baths Is fully funded. To build operatk)na] readinèss thrnugh a range of ￿ganIsa•K￿9l development fjrk indudlrKJ: robust risk management and review processes. ￿￿rkiry dosely wilh the proj8Ct team on Int8graled risk registers: business Continuity planning: financial procedures reviw, arKI preparatory work for citizen- led govemance. To gradually bulld up our exiemal rnarketing and communications as wDrk on site gathèrs pace.

REGlStERED CHARITY NUMBER: 1176432 for th• Period Ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DEfAILS Registsred Charlty numbor 1176432 Reglstored office Moseley Road Baths Moseley Road Balsall Heath Birmingham B12 9BX Trustees Joseph Holyoak Simon Stirling Mohammed Sapd Ruth Mller Lucy Reh Hamda Mohamed Peter Richmond Diana WhitiTrJ Rebecca PèrKllebury Nicola MoGowan Katrina Clev8rl8y Sophie Curtis Indapondont Examlners Taheer Afzal BSS & Co {AcC￿nIancY Services) Limtted 75 Aston Road Shttnal Shropshire TF118DU Bank• Nalwest Bank 166 High Street Hartjome B179PW

REGISTERED CHARITY NUMBER: 117643Z Mosol•y Road Baths CIO Roport of the Trust¢g5 for tho Porlod Ended 31 March 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees are responsible for preparing the report of the tru8t9es and the financlal 8tatoments In accordance ￿th appllcable law and Unlted Klngdom accountlng standards (Unbted Klngdom Generally Accepted A¢￿)untIng Pr8Ctlce). In preparlng Ihose flnan¢lal statements. the trustees are raqulred to: select Suitable accountlng pollcS88 and then apply them ¢on818tently. - ob8ervo the methods and prlnclples In th8 Charfty SORP, - rnake ludgemenls and estlmat88 that are reasonable and prudent. - prepar8 the flnanclal statements on the golng concern basis unle88 It.Is inappropriate to pre8ume that the charbtable company VAII contlnue In bu81ness. The trustees are r8sponslble for keeplng proper accountlng record8 whSch dl¥¢lose wlth reasonable accuracy at any tlme the flnanclal posltlon of the charfty. They are also responslble for Safeguardlng the 888et8 Ot th8 charSty and hence for taklro re88onable 8top$ for tha preventlon and detectlon of fraud and other IrregularStles. Approved by order of the board of trustees on ...,11 December 2025............. and s5gned on Its behalf by.. Lucy Reld Trustee

REGisfERED cHAR￿y NUMBER: 1176432 Ind•pond￿t E￿one￿8 Raport to th• Trusta•s of Moseley Road Baths CIO I report to the charity trustees on my examhatlon of tho accounts of the CIO for th8 ended 31 March 2025 vthlch are set (xrt ijn pages 8 to 13 Rospon8lbllltl•8 and ba81s of r•port As the charlty trustees of the CIO are r8sponslble for the preparallon of the accounts In accordance ¥¥lth the requirements of the Chwltl8s Act 2011 (Ihe Ad). I report in respect of my examlnatlon of Ihe Trusfs a(xx)unts carried oui under secilon 145 of the 2011 t arKI In carrying out my wAamlnaUon I have folmd all the apk11ca1￿e Dlrectlons glven by the Charlty Commlsslon under section 145(5)Ib) of the Act. Indop•nd•nl •xamln•rf• •tatsm•nt I havo ¢ompl8ted my examlnatk)n. I conltrm that no matédal matters have come to my attentlon In connectlon ￿4th the examlnatlon gfvlng mo cau88 to bellev8 that In any materfal rejpect: l. accounting record8 ￿re N)t kept In respe￿ of tho CIO a8 required by sectlon 130 of th8 Act; or 2. the a¢¢ounl$ do not accord wfth those reo)rds: or 3. tho a¢￿UnIS do not comply wrth the appluble requlrements concemlng the form and content of accounts sot (wt In the Charths <Acc￿nts and Reports) Regulatlons 2008 other than any requlr8m8nl that th8 8¢counts glve a Irue and falr vlew Nthlch Is not a matter consldered a8 part of an Independent examlnatkm. I havé no ￿ncernS and have come across no otlr matters In connectlon Ylth th8 éxamlnatlon to whlch attentlon 8hould be dra%￿ in Ihis report In ￿ler to enable a proper under8tandiThJ of the accounts to be reachod. Taheer Afzal ACA BSS Accountants Llmlted 75 Aston Road Shrfnal Shropshlre TFII 8DU

REGISTERED CHARITY NUMBER: 1176432 Moseley Road Baths CIO Statoment of Flnanclal Actlvltles for the Porfod Ended 31 Ma￿h 2025 31.03.25 31.03.25 31.03.25 Unrèstrfcted Restrlctod Total funds funds funds 31.03.24 Total funds Notes INCOME AND ENDOWMEMfs FROM Donations and18gacl8S Charitable Activities Other tradlng activities 64,045 84,839 328,964 49,151 23,983 114 114 Total 908 64,045 64,953 401,828 EXPENDITURE ON Charltsble actlvftles Charitsble activities 10.036 76,062 86,098 454,786 Total 10.036 76,062 86,098 454.786 NEf INCOME 9,128 12,017 21.145 52,958 RECONCIUATION OF FUNDS Total funds brought forward 128,478 12.017 140,495 193.452 TOTAL FUNDS CARRIED FORWARD ON CONTINUING OPERATIONS 10 119.350 119,350 140.495 All income and 9xpenditur8 has arfsen from contlnulng actlvttles.

REGISTERED CHARITY NUMBER: 1176432 Moselty Road Baths CIO 8a1•n￿ Shé•t At 31 March 2025 31.03.25 31.03.25 UrtMtrf￿•d R•slrlet•d funds funds 31.03.25 Totsl fund• 31.03.24 Total lund8 CURREKf ASSErs Cash at bonk and In hand Dobtors 102,349 17.001 119,350 102.349 17,001 119,350 107,071 43,389 150,460 CREDITORS Amounts falllrvJ due ￿thIn one ￿ar 9,965 NET CURRENT ASSETSI(LIABILrriES) 119,350 119,350 140.495 TOTAL ASSEfs LESS CURRENT LIABIUTIES 119,350 119,350 140.495 NET A88Ers 119,350 119,350 140.495 FUND8 UDrestrlcted funds Rostrictod funds 10 119,350 119,350 128.478 12.017 140.495 119,350 119,360 The trustses acknowledge thelr r8spon$lbllltle$ wlth respect to the accountlng records and the pr8par8tlon of the account8. The members have not requlr8d the eharftable company to obtaln an audlt of tts accounts for the year In quèstlon Sn a¢cordan¢e ￿th sectlon 476 of the Companies Act 2006 - howèver, In accordance wlth sectlon 145 of th8 Charitles Act 2011 Ihe accounts have been examlned by an Indèpendent examiner vthose report appears on page 7. The fin8ncial $tatements were approved by the Board of Trust88s on ...xx 2025.......,.., and were 8lgned on Its behalf by: Lucy Reid Trustee

REGISTERED CHARITY NUMBER: 1176432 Moseloy Road Baths CIO Not•s to tkn Flnanclal Statemènts for tho Porlod Endod 31 March 2025 1 ACCOUNTING POLICIES Basls of proparfng the flnanclal 8tatsm•nts The financlal ststements of the charltable company have b88n prepared In accordance vhth the Charitles SORP (FRS 102>'Accountlng and R8portlng by Charltles.. Stalement of Recommended Practlce appllcablo to charities preparing thelr accounts In ac￿rdanCe ￿th the Flnancial Reportlng Stsndard applicable In the UK and Ropubll¢ of Ireland (FRS 102) leffectlve 1 January 2015).. Flnanclal Reportlng Standard 102 ' Thé Flnanclal Reporting Starthrd appllcable in the UK and Republi¢ of Ireland, and the Companles Act 2006. The financial 8tatements have been prepared under the hlstorical cost conventlon. Income All Income Is recognlsed In the Stsl8m8nt of Financlal Actlvltl88 once the chartty has entltlement to the fijnds. It Is probable that the Income VAII b8 recelved and the amount can be measured rellably. Where Income due become8 doubtful an appropr18t8 Bad D8bt Provlslon18 created In the year the Income becomes doubtlul. Income ￿￿tten off Is then charged to the Bad Debt Provl8lon F(r donatlons or grants to be recognlsed the charlty ￿111 have been notifted of the amounts and tho settlemenl dat8 In wrltlng. If there are condltlons attached to the donatlon or grant and thls requlrns 18vel of p8rfom)anco before entltlement can be obtalned thon the Income Is deferred or ¢arrled forward 88 a r8strlct8d fund untll those condS1ion$ are fully met or the fulfilment of those ¢ondltlon8 b wlthln the control of the charity and It Is probable that they wlll be fulfilled. Interest on fund8 hold on deposli18 Included vthon r8c8lvable and the amount can bo measured rellably by the ch8rty, thls Is usually upon nollficatlon of Interest pald or payable by Ihe Bank, Exp•ndltur• Llabilltles are recognised 88 èxpendlture 8s soon as thern18 818gal or con8tfuctlv8 obllgatlon committing the charlty to that expendlture. It Is probable that a transfer of economlc benef￿8 ￿111 be requlred In settlement and the amount of lh8 obllgatlon ¢an be me88ured rel￿bly. Expendlture 58 accounted for on an accruals ba818 and has been classlfled under headlngs Ihat aggregate all costs relatlng to the category, Where costs cannot be dlrectly attrlbuted to a partlcular heading they have been all¢)cated to activities on a basls eonsistent wlth tha use of resources. Expendlture Is dassified under the fo11th￿ng actlvty headlngs: Charltable a¢tlvltles - thls comprl8es the dlrèct costs of adlv1118s und8rtaken to further the purp)ses of the charity, Includlng grants payable and all assoclated support Costs. Taxatlon The charty Is an exempl charlty vlthin the meanlng of schedul8 3 of the Charltles Act 2011 and Is consklered to pass the tests set out in Paragraph 1 Sch8dul8 6 Flnance Act 2010 and therefore It meets Ihe definition of a charltable company for UK corporation tsx purpos8S. 10

REGlSfERED CHARITY NUMBER: 1176432 Moséley Road Baths CIO Not•s to the Flnanelal StOt¢ments for the Perf¢)d Ended 31 March 2025 1 ACCOUNTING POLICIES - ¢ontlnu•d Fund accountlng Unreslrlcted funds can be used In accordance wlth the charltable objectlves at the discretlon of lh8 trustee$, Re$trS¢ted funds Can only be used for partlcular restrlctsd purp0888 Imthln the obJ8Ct8 of the charfty. Restrlctk)ns ar188 wh8n specffied by the donor or when fund8 are ralsed for partlcular r88trfcted purposes. 2 TRUSTEES REMUNERATION AND BENEFITS Ther8 wa8 no trustee8' remuneratlon or other benefits for the year ended 31 March 2025 (nll for the year ended 31 March 2024). Tru•ts•¥' •xpgn•e• There were no trustee8' expen808 pald for the year ended 31 March 2024 (nll for ihe year ended 31 March 2023). 3 INCOME FROM DONATIONS AND LEGACIES 31.03.25 31.03.24 Grants Donatlons 64,045 326.533 2.161 328.894 64,839 4 INCOME FROM CHARITABLE ACTMTIES 31.03.25 31.03.24 School Swlm Se881on8 Club S￿M Sesslons Public Swim Sessions Be Active Stheme 13.779 17,998 17,375 49,152 S INCOME FROM OTHER TRADING ACTMTIES 31.03.25 31.03.24 Sale of Accessorles Income for S8rvlc88 295 23.688 23.983 114 114 11

REGISTERED CHARITY NUMBER: 1176432 M¢*•loy Road Baths CIO for th• Perlod Endod 31 Mwch 2025 6 CHARITABLE ACTivmES COST 31.03.25 31.03.24 Staff Costs Electri¢lty Gas Water 0th8r Costs 17.613 23.183 3.095 35.302 6.905 86,098 271,588 24,616 34,012 19,844 104,726 454,786 7 CREDrroR8: AMOUFn FALUNG DUE WtrHIN ONE YEAR 31.03.25 31.03.24 Acfflied expendlbjre Trad8 credltors 3.784 8.181 9,965 DEBTORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 31.03.25 31.03.24 Trade deblors Accrued Income 43,390 17,001 17,001 43,390 9 STAFF COSTS AND ASSOCIATED EXPENSES 31.03.25 31.03.24 Wage8 and salarfe6 Sod818ecurfty costs Penslon costs 12.128 738 4.749 17,613 249.417 17,804 4,567 271,588 The aver898 number of employees durlry the year was as foll￿. 31.03.25 31.03.24 Full Time Part Tlme No employee recelved emoluments in 8xc88s of £60.IJOO. The key management personnel of the charfty crynprts8 the Tfustees and the Op8ratlons Manager for part of Ihe year. The￿ no empt¢)yees at year ènd. TTLtstees receNe no remuneration or other benefits from the chanty. 12

REGisfEREO CHARITY NUMBER: 117fA32 for the P•rlod Ended 31 PAvch 2025 10 MOVEMENT IN FUND8 Balanco at ond of year beginnlng ol year Incom• Expnditure Unrestricted Funds General furKI 128.478 10.036 119,350 Rostrl¢tod Fund$ National Express NLHF Dsving In 5.034 5.034 71,028 64.045 12.017 76,062 TOTAL FUNDS 140,495 86.098 119,350 The General Fund represents unreslricted funds that can be utlllsed for CharItab￿ purposes as detemlned by the trustees. Dmng In.. the medium tem) renovatlon and upgrayo of the Baths funded by Natlonal Herltage Lottery Fund, BirmirvJham Cty Cwn(al and the GO￿nmenVs Levelling Up Fund 13

REGtsrERED CHAR￿ NUMBER: 1176432 Mos¢ley Road Baths CK> Notss to thè Flnanclal Statements for the Perfod End￿ 31 Mareh 2025 14