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
- August 2024: Phase 1 construction works commenced on site with ISG as main contractor
- September 2024: ISG entered administration, requiring immediate action to secure the site and procure a replacement contractor
- December 2024: Galliford Try identified as replacement main contractor through the CWM framework
- January 2025: Phase 2 RIBA Stage 4 design completed, providing detailed technical designs for the next phase of works
- February 2025: Galliford Try mobilised on site and began the 18-week Pre-Construction Services Agreement (PCSA) programme
## Project Funding
The Diving In project continues to be supported by a coalition of major funders:
- Birmingham City Council: £10 million capital contribution
- Department for Levelling Up, Housing and Communities (Levelling Up Fund): £15.5 million
- National Lottery Heritage Fund: Round 1 development funding secured, with Round 2 application in preparation
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.
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## 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
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2. 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.
3. Pool 2 will become a dry events space, with storage, bar / refreshment facilities and access to the rear.
4. 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.
5. 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.
6. 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.
7. 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:
- Progressing enabling works for the adaptation of the building;
- Undertaking major remodelling of the Library , with a new mezzanine and lift, and physically connecting it to the Baths for the first time.
- Basement structural repairs
- Roof weatherproofing to areas above internal works
- MEP (mechanical, electrical and plumbing) replacement to the south of the building and preparatory works for the Air Source Heat Pump
- Restoration of the 1st Class Slipper Baths
- Reception circulation spaces and 2[nd] Class Slipper Baths (gym space)
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:
- Site security was enhanced with 24/7 security presence and improved hoarding
- BCC legal issued contract termination notices
- A procurement exercise was initiated through the CWM framework
- All funders were kept informed of progress and impacts
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:
- Re-pricing of Phase 1 works to ensure compliance with available budget
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- Value engineering proposals in collaboration with the design team
- Early works packages to de-risk the main build
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:
- Scope reduction and prioritisation exercises
- Additional funding applications, including to the Community Infrastructure Levy and Salix decarbonisation fund
- Potential phasing of Phase 2 into smaller, more fundable packages
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:
- Swimming returns to the Gala Pool , with balconies restored, and an accessible viewing space. There will be new changing rooms, toilets, a pool ‘changing place’ and a portable hoist / pod [budget dependent].
- The gym moves from the Laundry Room, to a new position, downstairs in the Second Class Mens’ Slipper Baths (previously the location for the café, which is removed from the scheme). This new location is far stronger operationally.
- The Laundry Room remains largely as is - and becomes a key feature of the heritage tours.
- Pool 2 becomes a ‘dry’ events space with reduced intervention (cubicles removed, pool boarded over, passive ventilation).
- The part of the Plant Room not in use for M&E becomes a small studio space (previously a high spec events finishing kitchen).
- The landscaping and work to the community garden moves to a smaller, later phase and takes place over a longer period of time, as part of our community engagement work, and with the support of one of our coalition partners (National Trust).
- One of the lifts is omitted (servicing the Gala Pool balconies), with an accessible viewing area being created poolside.
7
- The Womens’ Second Class Slipper Baths wellbeing hub changes spec, retaining more of its historic atmosphere, and enabling the CIO to build and adapt the offer flexibility, and to increase the number of baths as and when additional funding becomes available.
- Whilst the café space has been omitted (replaced with the gym), the CIO has plans to create a more flexible offer, focused on low-cost self-service drinks and snacks, with pop-up offers as part of programming.
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## 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:
- Original deadline: May 2024
- First extension: November 2024 (approved May 2024)
- Second extension: February 2025 (approved August 2024)
- Final extension: November 2025 (approved February 2025)
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:
- Substantial progress on Phase 1 works (no more than 12 months remaining at point of application)
- A clear scope and cost plan for Phase 2
- Organisational resilience and a credible business plan
- Confirmed or pipeline match funding
## 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
- Community Infrastructure Levy (CIL): An application for £1.63 million was submitted in January 2025, with a decision expected by spring 2025
- Salix Decarbonisation Fund: The project has been included in the WMCA pipeline for approximately £1 million towards air source heat pumps and MEP infrastructure
- Garfield Weston Foundation: An application will be submitted following the NLHF Round 2 outcome (expected March 2026)
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## 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:
- Environmental sustainability: Exploring ways to reduce the building's carbon footprint and operate more sustainably
- Financial resilience: Developing diverse income streams to ensure long-term viability
- Community governance: Exploring mechanisms for community involvement in decision-making
- Partnerships: Building relationships with local organisations, businesses, and institutions
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:
- Governance Reimagined: Working with the Citizens in Power network to develop innovative approaches to community governance
- Balsall Heath's Living Room 2.0: Soft testing of the café space and continued community consultation
- Gala Pool for All: Relaxed swim sessions for audiences with access needs
- MRB Lates: Evening events in partnership with local venues to trial commercial activity
- Balsall Heath's Green Living Room: Environmental activities focused on habitat creation and skills development
## Partnerships
We have continued to develop partnerships that will support future programming and skills development:
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- Joseph Chamberlain College: Delivering industry days focused on architecture and business planning, providing students with insight into heritage sector careers
- University of Birmingham: Exploring opportunities for student placements and research partnerships through the International Centre for Heritage
- Birmingham Botanical Gardens: As fellow NLHF-funded projects, exploring collaboration opportunities around sustainability and community engagement
## 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:
- Wayfinding and signage: A comprehensive signage scheme has been developed, incorporating accessibility considerations including dementia-friendly guidelines
- Interpretation points: Key locations throughout the building will feature interpretation including historical facts and tactile items to support tours
- Digital repository: A digital archive of content created through activities to support physical interpretation
The interpretation scheme will progress to RIBA Stage 4 detailed design following the NLHF Round 2 decision
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## 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.
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## 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|
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## 8 | Acknowledgements
The Diving In project is only possible through the collaboration of many organisations and individuals. We would like to thank:
## Our Funders
- National Lottery Heritage Fund
- Department for Levelling Up, Housing and Communities
- Birmingham City Council
## Our Coalition Partners
- National Trust
- World Monuments Fund
- Historic England
- Friends of Moseley Road Baths
## Our Project Team
- Mace (Project Management and Cost Consultancy)
- Donald Insall Associates (Conservation Architects)
- Max Fordham (MEP Engineers)
- Mann Williams (Structural Engineers)
- Artelia (Quantity Surveyors)
- Galliford Try (Main Contractor)
- Lima Studio (Interpretation)
- Development Partners (Fundraising)
- Jenni Waugh Consulting (Evaluation)
## 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…._
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9 | Trustees & Statotuory Information
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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 Repng 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 krdge 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 aPpInt 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 ftllY 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 ambItS.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
$UPFrt from the Natnal Lottery Heritage Fund and the Department for Levelling Up, Housing and
Communities through the Levelling Up Fund has been essentlal lo our progress.
As we look ahead. we remaln fcKused on our vision.. to ¢reale a trwiwng communlty hub that c8lebratgS
the herllage of Moseley Road Baths while serving the diverse needs of Balsall Heath and the vider
Blrmingham communily-'the best local pool in the worfd.. The detailed design work completed thls
year for Phase 2 brings us closer to realising thls vtslon, even as we work to address the fundlng
challeng8s that Ile ahead.
FINANC REVIEW
For Its year ended 31st March 2025 the CIO made a defidt of £21.145 (24125: dafidt of £52,958>.
£12,017 of thls was uslng up grants brght f(xward vthllst £9,128 related to unrnstrkted fund8 and
was due to residual ¢08ts *th18t Bathes re closed. This giv totsl reserves carried for*vard of
£119.350. made up of unreslrfcted reser4es of £119.350 and nll restrlcled reserrfes.
Unrn8tr1cted funds were ral8ed through dona¢k8. The runnlng c08ts re Inddental bulldlng
CO8t$.
The CIO'S net Yrth 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 red
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 beIve 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•K9l 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 {AcCnIancY 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 cHARy NUMBER: 1176432
Ind•pondt Eone8 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 apk11ca1e 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 'Accountlng and R8portlng by Charltles.. Stalement of Recommended
Practlce appllcablo to charities preparing thelr accounts In acrdanCe 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 benef8 111 be
requlred In settlement and the amount of lh8 obllgatlon ¢an be me88ured relbly.
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 fo11thng 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.
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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 SM 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.
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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 GOnmenVs Levelling Up Fund
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REGtsrERED CHAR NUMBER: 1176432
Mos¢ley Road Baths CK>
Notss to thè Flnanclal Statements
for the Perfod End 31 Mareh 2025
14