Greenbank Pool Unaudited Financial Statements 30 September 2024 CHARITY REfjIST114TION NUM8ER: 1188253 CHALMERS HB LIMITE Chartered Accountants 20 Chamberfain Street Wells Somerset BA5 2PF
Greenbank Pool Financlal Stataments Year ended 30 Septernber 2024 Page Trustees, annual report Indepdent examinofs report to the trustees Statement of financial aciivlties Statement of financial posib'on Statement of cash flow3 Notes to the financial statements 10
Greenbank Pool Pw1 Trust. Annual Report Year orKled 30 Septemb•r 2024 The trustee8 present their Tep)rt and thg urrathlited flnanclal 6Lemen18 of the tharity for the year ended 30 Septemter 2024. Aclthements and w1ornce Ovwall. the Fool has made a defKrt In th& year of £43,096 as a fesutt of the unreglBed loss of £119.Q1 on tha Investment In C & J Clark Umtted. ludlryJ th18 1¢¢09n1Sed kxs. the poc4 has m•Je a surFlus of £76,525 on aGttMI activth88. The p)ofs SU¢xess 1$ very dependent upon the weather, Ythich as we know, b very variable from year to year and throuJhout th8 poofs OFening season. The weather theretsre pkyg a key Fort In the numbw of vlgftors lo the pool, emher wth * season tkkel or just wsiting for th day. The numbèr of pool vhkors15 a key measuremtsnt of howw811 the p)d ha¥ done for the season, but at the Same time. we have no control over the weather vknlch18 aLs0 such an Imputant fad¢r in the Foof¥ ucces8. Fortunatety Ihb year, stsrted vlth scffje g¢)oJ arKI 85 a rgsutt. a numter of¥90n tickets wer& Bold. allwh sales of these were slbhtty down fiom the prlor year. The prf¢e of these tickets dld have an in¢r8ase and ag a resur(, inwme onty decreased by •pproximatety £36,000, despts the fall in Ihe number 018&0n ti¢kds sold. The warm weather, her. deSe a prombiry start d(d not last agaln thB year resuth'ng in a deuease in the numbei of daity vBiiors therefore gale inc4)me wa8 down by £ZIS00. ¢ompgr•J lo last year, o reduction of 8%. The pjol sllll femal powlarfor $¢00 to hlre aTrJ lor chlhJren% wie8. The shots prorrt remained oM$Btent the prfor year. Tho shop 8elb refreshmonls 10 the pc¢JI vblcors aB well as items sh as chddren's swimmirvJ napws and 1$ ncé open to Ihft genw81 putlc ¢Aher than thc68 v18tt1ro the pool. ParkirwJ ir0¢ has also remained In line with the prior year. Th8 PODI was also Ven a m¢x vahjed donation 01£30.OCQ from Street Parfsh Coundl vknlth hel it to wide a valuatle resouru lo the local Community. Overall. Income has Seen a decrease in the year arh188 rK4ed, the weathw vM8 a Ma fador the Summer being o)9ler than averwJg. This year has also Seen 8 de¢reas& In expenditure ¢¢mpared to the prw)r year when 8NJnfficonl expendtture made on ieFars and maintenance lo improve the pwf8 lacilttle8 foll¢)wing Its re-QFenirg after Covid. Th55 year has seen a new acre8B ramp from the PODI to the Wel Play and some costs In re8peL# of rewints'ng orne ofthe Sydlls which wll be compteted next year. Wages and salarfes have alBo Iweased BlwJhtty and opart from one lull-time member of stsff, thè pool •mF4oys a number of lemp)rary Staff, many of vknom ore StentS Iwe uThJertaken thetr Ilte guarding training throLvJh the prN)l. Even youroer students are employed a8 litter pthr¥ and many of these students retum for several years lo work al the pwl, whlht on Bthoovunlverstty holNJays. Th• pxl ig therefore very rnLKh an wnportant F4rt ofth• o)rnmunty.
Greenbank Pool Pag8 2 Trustee8' Annual Report(¢othu•d) Year ended 30 September 2024 Flnancl•l 1 The re8uits for ltr yearare ¥howfft on page 7 as sel out on the Slatement ol Fwiandal Act88. Gainsllkxse81 on investments are treated 85 a comp)nenl of nel InLxffle ut)Jer FRS 102 and the trusV$ net expenditure was E1£43.0112023.' nel income of£55,S431. The Inst saw 8n unrea115ed I on the revalu81ion tsf its investment In C&J Clark Ltmi18d of£119,1 compared to an unrealtsed gain of £29.gOS In the ¥lor year. Once again, there has been M Income Ihe8e ltsted investments as no drvhdervjs were paid by C&J Clath Lfrnted durtng the year. Tdal fund¥ carrled lOThya as * 30 S•ptember 2024 are £943.620130 Septembw 2023.. £986.7161 s r)led abwe, the charity m&Je an unrea&sed ths of £119,62112Q23.' unrealBal gain of £29,905) on th? unlisted Inve8lment in CW Clafk Umitsd Inlttmation relan9 lo changes in Investments given In re 17 to the ac¢ount8. A valuatlon of Ihe shares in C&J CkFk Limited has now teen carried out on 28 May 2024 ty 8DO arvj has Seen dvease In share value frorn £1.97 to £1.13 vknl¢h re9uttoJ in an unre8118ed of £119.ff21. Thr8 ktesl valuatlon at 28 May 21r24 15 dosest to the balance sheet dats and Is 0)ered to h the fair value ofthe other Investment as 8t 30 Septemtrw 3r24. No dlvlJendB from tr8e Shares Ie been rttdved In etther perknd. Investmwytpolky There are no re8tiidiorts 1mled on Ihe knNe8tment by the trust deed The tte89 make the hwe8lmerts In ac¢x¢rdance Chartty Law. R•$wPOlIcY At 30 SeF¢ember 2024, the charty hJ totsl r8seNes 01£943,620 {2ry23.' £.718). At Septemter 2024. unre8trthd reseNes af• £3B5,843 ar reservgs h8kl endcwwmenl tr are £557.777. Free reserves 8tand at £353,727. The TrLtst¢e3 have a of wtinuamy rvAewlng the feserves p>lUon and th¢tr ot4ecOve 18 to malntain the level of reBerveB as ap5xopriate lo keep pace Nwth debpMen The Tru8tee¥ have the pe4icy that * 19 prLtylwl to have suffi¢lent reserve6 to Cover three yeaTr of Fdenllal k6ses a resur( of bad weather vthich sets th• tree reserves al £2CQ,000 which 15 4 m8dium term target gNen the current level of free reserves. The 9ndoyent ftjnd ig abo at4e to trarfer cash to the unre5tr)cted fuThJ aTrJ thbs wa5 do on several oc¢a81on6 durlng ihe pandemlc. In 8hort lemi the TnAstees' aim L8 that the p)ol tfeaks tr each year thls 15 heavily deFetMl•nt on Iho ather and attendance leveh.
Greenbank Pool Pago 3 Trustees. Annual Report(eon Yr ended 30 September 2024 Flnanclal rwlow(wnUftu•dJ Rl•k Mawiem¢nt The charity¥ trustees have con51dered the rnar rL8k4 Indudlng any hazard$ lo the put4, to Ithch the Lartty 1$ exwsed aTrJ have rtyular rnegtings lo ensure ttrHt the8e are di%cwed arKI 8¢Aed upo where approprHte. tntstees otrt relev8nl Irwr8rKe, caryy out regubar m8Wltenan¢e and eroure Ih8t all stsff are ad4ualely tralned lo hdp protect agalngt the tdenlffjed fMk& In Carrr¢ out au these meayures and othtrrs as ne¢•sBary. tho trustees belleve that the all1 und&rtaken are suffKlent to m113te any T. Oblecllves and aGtlvltlo8 Grgent4nk PODI was incorporabj as a Charitatle In)Orated Organnation ICIOI and vrd8 regi818red wh the CharTty Commwon 2&h February 202Q It was set up lo take forvrdrd the V•Y) ol the unlncorporabl thwity, Grebank Smimrning Pod, registered number, 3¢)4645. ¥Tha the tr8n¥fer of all ass8ts from the unlrthrporatsd the'ohj charty,, ttr)k F4ace on 31 March 2ry20. In fine wth the Ve$lva Oeckralpjn. the unreslrloted yoperty has been vested In th• CIO 4$ th• corFK¢te pr¢perty aTra the Kopety held in the eThJownenl fund, kntrMI as the Amenhles Tw51. has been v88tèa In the CIO as o trustee to hold as 8 trt o)rporallon a8 tt wa8 before the trar6fer. Th15 FKQF•ty Is therefoTe still held 5eFqrately In an fjnduwml tr(L The ot4ethes ofthe tharity are.. 111 the maintsnance nJnnlrKJ ol the swrnmlng pool knoNw 08 Greenbonk forthe tenefft ofthe inhabitants ofstreet In Somerset and the nevJhbourhoLJ', {2) the promthn of educ&icn in Street in Sh nwnner a6 the charty tr(989 th 1r dI5uetk th In fulflllrg theoe ot4'eLtNes. the reCC9nes the wishes Of Hikja Clath as the sewor of the cicf8 predecessor thrhatAe trust IvknSch she loUJe4 In memry of her stster AJic& Clark) lo conskler th neelts ol rnen girb, Streel 1SLYary and the prtsmotlon ol phystcal traiify and malntenance of ayirg fields In Bel#lng p8rtku18r ¢hliablo purposes to yLymote educallon In Str48et Publ bgnoflt The truslees cts)ffimi they have c¢mFlied wth the duty n sedion 17 of the Charities Ad 2011 to Yov• due regard to puNlc benefft 9dance bhed by the Commission. The trustees cg)nflrm that they have referred to the gUidCe contalned in the Charmy CommBsion'8 general gutdanc¢ on pjblic benefft when reviewng the Trust'$ aitrn and ¢'e¢l8$ and In planniro future activibes. Thè outdoor swmmirvj poc4 lad1eS are avallat4e to the public throughout the summer season from May lo Septemter SNI the kjcal 8cIKols also the facilities.
Greenbank Pool Pag• 4 Trustees. Annual Report(¢+>rfnu•O Year ended 30 Septomber 2024 Structurei governAnc• and nwiagament Greentonk S5MmIng Po)1 aThJ Other Amenit$ Endo%wnenl Tr1 were estabbish&J under tru81 deeds in 1937. Togolher, they formed a reglstered charity. Gr•enbank Svamming Pool, charty number 304645. The assets of this old charty were trartslerrgj lo Ihfs chanty, a CK), on 30 March 2020. This arity haB taken on Ihe tsyo former twst dee(ts and is govemed by a 'Foundatlon' Conslltutlon hfjr en f&Jistered at the Charty Cc¥nmsion on 28 February 2020. The charty mu3t have at least threo tru8tee8 up lo a maxlmum of #ix and apart from the first ch4rity tees, every tree rn1 te app)inted by a rgsolution at a properfy o)nvened Meeting. In 8electirvJ trustees for apFolntmenL the chanty trustees m1 have ward lo the S16, kn¢yAedge and experience ne&Jed for the effectTve adminislraJon ol the CIO. Ne¥%ty app)inled Iru8tees will receNe opy ol the Constituf¢on arKJ a copy ol the CIO'6 latest Tr[le¢s. Annual Rep)rt and Slatemfjrt of acC[n. There no restrlctij on the ngth of t1 that a trustee holds offke. Any de¢Lslon may be mad8 elth8r81 a meellFVJ of the charjty trustees or vla a rosolutlon. The trte¢S alw have pJwerto appolnt A Cornmlttee and delegate Sny of thelr FXY•ver c¢ funcoor to 8u¢h a o)mmitlee. The okl charty had • Management C¢)mmittee whlch has COnnUed arKI the management gjmmtttee normally rneet fcmially once or a year. hjl trustee$ ge thelr lime Ireety 4rKI no Temunerauon Wd8 pald In the yeèr. Greenbank SvitmmiThJ Pool has on9 1)Jll tsme empkjyee throhOUt tho year and the remaInI gtaff are normally Just employed duriro the summer ssason. Referenc•and SKlmlnlstrative detsl Regl$ter•J charlty namè Greenbank Poc4 Charlty registrallon nuffjb¢r 1188253 PrfnclpAI offlc• Groenbarl< HoSe 44 High Streèt Street Somerset BA160EQ Th• trusteos R Clark J8 Clark SJ Clark Irtt8tgned 11112r241 Managemffjt Commlthg R Clark S Moss (Hon TreaBurer) N Smith" L W¢lfets' 'Stl Patsh Ctyjndl Repre8entatlve8 ACry)un & In(kndent Examinor Ur D C Wnler ACA ChaIMe HB Ltd Ch•rtered ACuntantS 20 ChamberLryin Street WelL8 Somersel 8A5 2PF
Greenbank Pool P•g• S Tte08. Annual Report1¢¢¥•) Year ended 30 Sept•n)er 2024 Tru8te88' mpon•lbillllu stat•m•nt The trustees are respons1e ts preparing the Iw5tees' TeFQrt and the financlal atemenls In awordance vAlh awkable law and Unrtba Kingdom fvttountiftg Stards Ivnrted lQnglom Gener81ty AccountwvJ Pracllcel. The law sl1e to charities In Erolard 4ThJ Wales requtre8 the ¢hlty tru81ee8 lo wepare flnandal statemeth for eath year gNe 8 true and fair view of the state of affalts olthe chaity and clth¢ orni[ re80urces and gppllcafjon of re80urces, of the Charty for that wkd. In preparlng those flnarttal statements, the trustees e required lo.. ** select 6uslabk acenunttTrJ pdlck8 and then aPFty them co091e, ¢t¢¢rve the melhcth arvj [ndpIes In the aokable Chafities SORP.. makesefits and accountirg ests"mate8that are reasonable ar pr1&nt. State whether apF41¢e UK Ac¢ountiTrJ Standards have be•n fOll¢ved, sutie¢t lo any material departures rfisdoS and explalnèl In the financHI statements: prepare the fjnanGial Statements cffj the o)ncem basts unle89 it Is In8r4YopN8te to wesume thal the charity 111 continue In tsin. The ttee8 ar• respon¥lt40 for keeplng adequate accountiTrJ record8 that p sufflclent to show arKI explaln the transactlonB and dlsclose ¥th reasonatle aceuracy at any Ilme the flnon¢lal F#Jsition of the chaiity and enable tham lo ensura thal the firranclal 8temonts comFly the Charities Ad 2011, the apwlcable Charities IAccounts and ReFKJrtsl Regulatr'on¥. and the provL8kJr0 of the TnJ81 Deed. They 80 resp¢)nslt40 tor saleguarding the as88ts of Ihe charty and for reaBonable lor the preventron a1 delec11 of and othgr lff8gularikne¥. The trlee¢ annual rep)rt Nyas 4yoved .............. . tsrd oltrustees by.. . and on behalfofthe Jthn Cla TrLthe
Greenbank Pool Pag• O Indopendent Examlnerfs Report to TnMtee8 of Greenbank Pool Year •nd•d 30 Septefflbgr 2024 I rep to the trustees on my examknatton ofthg IlnancLql Statements of Greethnk Pc#J Ilhe thartyl lor th year ended 30 Seoember X¢24. Re¥>on¥lbllltle8 and btsls of Tepxt A8 the trteeS of the tharty you are responyible for the wepafattcn of the financial statements in accordance Yllh the rffjulfements ofthe Charkles Act 3)111'lhe Arti. I report in resF¢t of n)y examinatton ofthg ¢hariVs financlal 8tatemert¥ carrkd ¢>Jt urvjtt 8eclbn 145 of the 2011 Act and in c4rrying out my ex8rninalM I have folbw&J all the aptyicalje Directions given by the Chariiy CornmlsBion under 88dion 14q5llbl ofthe As Indoporthit examlnee¥ ¥lttlBm•nt sIn the chatys gr086 income exceedèj £2so,IXIo yr examlner must be a member of a listed In section 145 ol the 2011 PLt. I nfin that l am quaisfied lo undertake the examlrtlon tecau$e I gm a member of the lrnJtAute ol Chartered Aecountsnts In and W•le8 IICAEW. %thich1s one of Ikl•J t<rfJles. I have o)mFleted my examinlcffl. l ccfifimi Ihal no materfal matters have come to my attenuon in Connection vlth the examination gr0 me c•Jse to believe that In any merfal respect. ?onINd record8 %%re r1 kept In regpgct olthe cllarfty as requlred by 8ecllon 130 of the 'or finandal statements do not accord Vh thc6& records; th• nandal statements do not o)mVy Wth the appfjcaLle r&]ulrementS CC¢01n1ng the form and o)nt4nt of a¢Unts set OLrt In the Char6ties (Accryjrts Roportsl Regulatbps 2CQ8 othw than any r4quiremen¢ th the acthunts gNe a Irue arKI f8lt vl•wvthio 06 nol a matter o)nsldered as Fwi olan Indopend8nt gxaminatlon. I have no ¢on¢èrrts and have cNna a¢% no other matters In conneLlion vAth the eX¥nnalI0n lo whith attn ¥hould be draY+ll in thk8 repart In order to &n8ble 8 propw understarKliro of the aoUnts to te reached. Mr D C Winter ACA IndeFendenl Examiner Chalm•rs HB Ltd Chartered Acc£)untsnis 20 Chambertaln Slregt WelLs Sornewl BA5 2PF
Greenbank Pool statftmont ol Flnanclai A¢tlvltles Pag• 7 Year ended 30 September 2024 2024 lthres¢tj Ethnel fvnds funds ToLg1 fund4 Total fvn¢Js 2023 Not• Incom•4nd endowments DonaliorA aTrJ lega¢i$28 Charitat4e activrties Inve81m•nt inccffie 30,OC#) 444,892 3.427 478.319 *.0 ,6S9 444.W2 4nsJ) 17.823 13,998 4g2.71S 517.157 14,396 14,3 Totsl Income Exp•ndltUTe Expenditure on charitairfe actfvlle8 T¢)lal exp8ndre 412,036 412,036 4.154 416,1 491,519 491,519 4.154 416,19J Net Ilossesygdrw on Invesnts 11 1119,6211 (119.6211 N•t (•xp•nthtur•ylncorno and ngt movenwrt In fund# 66,283 1109,3791 {410961 55,543 Reeonclllation offunds Tots5 funds tsght fowdrd Total funds ¢arrled forward 319, 385,843 667.156 557.7TT 986.716 943.620 931,173 9.716 The statement ol fln8n¢lal athrties includes all gain8 and losses rec<wbod In the y¢•r. All kncome and penditure derNe frcm ¢onlÉnuwd actiwlkm. Th• not•$ •n pao•8 10 ts 2111omi part•fthw •tat•rnonts.
Greenbank Pool Pago 8 Statement of Flnanclal Po8lllon 30 Seember 2024 2024 2ff23 Not¢ Flxed a8ts T¥nble ffjd ass•ts Investments 16 17 118.518 180.919 125.5S2 280.540 4C6,1 279,435 currenta5 18 19 3.698 19,1 727.580 750.444 3,770 11,0¢ 6S8.716 673.4 DeirtCrf8 Cash at bank and In hand Credlt¢r8: dmounts falllng due wlthln on• year 86.259 664,185 943,QO 943. g1878 580,614 986.716 986,716 Total aswtsloos CUfr¢nt Ilabllltl•s Funds olth• drity ErKlowment funds UnrestrktJ fund5 557.777 385,843 943.620 067.156 319.560 986.716 Tot1 charty funds 22 These financial Statements were aFprov&1 by the board oflrustee¥ and 4uthorisod for kssue c , and are fbbn¢d on behalf ofthe board by: JO Clarf( Trustee Th• n*)l•• on payl 10 to 20 forni pirt•fth•8• Ilnan¢lAI 4t•1.
Greenbank Pool Page 9 Statsmont ol Cash Flows Year ended 30 September 2024 2023 Cash flow8 from operatlnq actlvlt Ng1 {11urey1r0rne 143,C$61 A4uslm&nls ts.. DgkYeclat¢on oll•ngible fixed as1 Nel IC81(98Msl on Mivestments DNkJeTrJs, Interest aThJ rents from Investm8rts Interest payable arrfj slnwlar eharg•s ued 7,49S 119.1 117.&241 4.125 36.254 129.9051 113.9981 Chw7ges In.. 2,754 2.970 30,276 Trade and other deblors Trnde and other credrtors 18,1601 144,8731 55,615 Cash genwated from oF¢ration$ S4,211 Int•resl pakl Net cash trom twèrètlng adwttles {4,125} 51.490 13,262) Cash flows from Investlw actlvltles Dfvhdendg. Interest and rents Ircm Investments Pur¢ha8e 0ftangIb ass Net ca8h from Investlrvd acIMt5 17.824 14501 17,374 13,998 11.498) 12500 N•t Increase In cA¥h and cash equlvalgnts ash and c•th equl¥ants at bwdlnnlw of year Cash and cath squlvalents al end of yo•r 63.449 595.267 658.716 6S8.716 727.580 Th r1 on p•g¢$ 10 k 20 f¢M p•rtollheMlln•nGlal stat4mMts.
Greenbank Pool Pag• 10 Nates to the Flnanelal Statenftts Ygar endod 30 September 2024 G•n4ral Informa0 The tharhy Is a Pub Lynefft entty and a regl8ler&J thrty in Er¥laTrJ and Wales anLI i Lmincorwrated. The addre8B of the wln¢ipal office bs GrntOnk PhJJ8< 44 Htgh Stree( SXreg{ Somerlel, BA16 OEQ. 2. Statementol eompllance These fmanckl 8latoments have been epar in mmplwrtt lth FRS 101 Flnanelal R&p)rtlng Standard appllcabte In the UK the Rewtllc of Ireknd.. the Slatement of RecommeTrJed pract sP1bIg lo ¢harffjes preparirg their a¢wunts aKordance Ihe Financlal Rep)rtirg Standard aP1¢ab In the UK and Reput41¢ of Iretand IFRS 1021 ICharitle8 SORP IFRS 121) and the Charitles kt 2011. A¢untIng polkl•¥ ea¥l$ ol preparation T flnanc4al ststements havo be8n prepared on th¥ hL4torical cost b8•"$, as modffRd by the ievaluaiion of cortaln flnandal assets and Ilabllllle8 m8asur•d 81 falr v81ue through incthne or expendf(ure. The fnancral ststthnents ar• pr•pwad In ¥tsrling. is the frjnclional currency of the eMIy. Golng corKwn Thw• are no rnaterf uncertalnties abjut the tharityS aLllly to ¢Inue. gements and key Sour ofestimatlan uncortalnty The preparatton of the finanrAal #tatements requlres man&)ement lo mthe Igerrnts, esiimats5 4rrfJ assumpU0 Ihat aff8d the amounts repd. These 8sttm8te8 aThJ judgemert¥ arg continuany rwthved are t¢sed on experlen¢ and rther factors. IndudlTrJ 8xFect8tior of fijttsre Èvents that are believed lo be reasonae under the drGvmBlance8. knountlTr3 e5ttmales ar¥J aBsumF41ons made nCernIng the fvture a. by their nature, wll rarety equal the reL8ted actual outcom8. Th8 k¢y assumptio other sources of timation uncertanty that havg a nilconl rBk of causlng a malerlal adjustment lo the ¢8rrylrg amunts of 4s$0ts and Ilab4rt1&s vlthln the next flnancia year are as folltsY+7: - The valLOtion of the Investment$ as detaid in Note 18. The valuè of £1.1318 based upon the lategt Valuatlon of the shares held In C&J Clark Ltd whl¢h was L¥rrled out aB al 24 May 2024 by BDO. Tr pro¢•ss involvfjd making judgemenis ol assumptiom in alIAng al o final val)n resu Fund accountlng Unrestricted bjnds are avablable for use al the dbryetlcfi of the tr188$ lo further any ol the chanty PWF05es. These funds are expendat4e al the di%ellOn olthe tswstees Sn furtherance ol Ihe 0¥ethgs of Greenbank Poc4 whkh IrKlude c05t8 of runnlng the Bwimmlry Fod. suoh funds rnay be Lwed in ordor to flnance YJrklng cathl. DesvJnalJ lund$ are unre8triL*ed fun earmarked ty the trustee8 for partScul ftrture Or6MItMenL Endowment fiJrKts have bèen vested Sn the CIO as a trLElee to hold a8 a tsust corForation on the same trusts, as bpfore the mwger. The assets helj in the endtmnt lund are the ¥hares in C & J Clerk Umfted, certaln freehokl proFertles and a k acc¢unt. The rroy apF4y the annul at their diBcThtion towards th• promotion of the objects of ¢harlty.
Poy 11 Greenbank Pool Notes to the Flnanclal Statements r¢¢ffjth•¢9 Year ended 30 Septen)er 2024 Accountlng (ooRthw•d) Incwlng rotsource• I Income Is knduded in the statement ol Ih)andal a¢tivltie8 vthen en¥tment has Ped to the tharty. rt k8 pyobabte that the ets)nomic ben&frts assodated vrtth the tran8aCtlon Y+lll fiow to the ¢hafity aTrJ the amount can be rellaY measured. The fouowng specific poli¢ie$ are 4P[1 to FO¢V181 calegoAes ollrthme.. - (ncome from dOnaOrts or grants is reccgnlsed wthen thtte B eden d errtnlement to the gift. receirA 1$ protrAtrAe and ts arnwnl can be measured rellatty. -109acy kn¢>)me ig reccgnbed vthen recelw wobable entiifement 18 establL8heA. - inttjmo from Investments m91n9 bank Inlwesl, rent and dNhYend8 are a¢Urthd for on o Te1e b8B - irKome from Charitable a¢twitle3 is accounted for on a I9able basi$ tn re5Feci of 8MmIr@ rool tickets. Iorn from the shop and car paMng1s accounted for net cl expenditure. ExpelitY[fr Is reccgnlsgd on ?n accrua18 bas as a Ilabllty Infjjrred. E%TraItu Inckxles any VAT 1¢h ¢annol te lully re¢overed, nd ts claBsrfed under headIn ol th¢ statement of flnandal acllth to wfi¢h r( late8.. pendiluT• on ¢hathable aVe$ incas&Jos all co3 InrIed by a ¢harlty in und¢rtaklng tmlles that luther #s ¢harilable aims for the benefrt of its teneficiaries. Including those 6UFPOrt Q)Bts co8t8 relarg to the gt)vemance ofthe charity atwtloned to charflabl& a¢aNttips. OLS• to the fact tt ¥wlmmlr#J afANf¢ies are exempt from VAT, any VAT suffered directty In respeet ol the pool irre¢over8ble ar therefore all p)ol o¥pendiiure L8 #hown in the Flnandal Statements 88 VAT inclusNe amounts. The ghop and car path remaln sU.0¢t to VAT so any inc¢me and gXF•TrJrture In rtion lo Ihese actNitw are included nel ofVAT. - other expeThJlbJre Indude8 811 expendRure that ty nerther rdd lo rang funts for the charlty nor part of Its eXpd[LUre on charttatle actfvttle& Govemance incIatr th05e Irred in th govemance of the tharity and Ws assets are prfmarity 8sse¢k8led ¢(HBtutlono1 requlrements. Other support C(8 include central functioro and have teen alb¢at to the ryJ8t Categorles on a basis consIst vAth th• use of resources. The allocatlcfi ol SUFWrt and govemonce co¥ts Is analysed In note 10.
Gr•enbank Pool Page 12 Note8 to the Flnanclal StatoJrnntS {¢¢olthu•¢J Year ended 30 September 2024 A¢countlng polld88 {¢ORthu•d) Tanglble as8 T¥818 assets are Inltlally rerded at C08t. and 8UtwuenYy slated at cost less arry acmulated deweelalion and Impaimienl losses, Any tangible assets ¢4rried 81 revalued amounts are rets)rdgJ at th8 falr value at th8 dat¢ of revaallon fess any subsequent
JMted depfe¢radon and 8Ut6èWènt a¢oJmulg1gJ Impalfmenl10&8e8.
The tr¢&hokJ $ite of the p)d VM. ty Dedaration of Trust dated 16 AWL1 1937, vestvj in the Tr[te•S ol Hikla Clark'upon trust to Fam?rt the same to be ed as a wbllc swimming bath for the tenefl of the Inhabitants of the Urban DBtrkt of Street ard the ne&htouthocd'. The FI1 was coWet•J In 1937 al 4n approximats ¢osl of £6,CJJO from rnon&y left by Alice cla Thls oFety ha8 ve8tèJ in the CIO as trLBtse to be held 88 a trntsl rp)ratIon. Imyovements to the pwl have been cathlL8ed Inddal Iteffffj excewj £200. Plant arKI Ulent have been capitalised wthere Indlvldual ttems exceed £100. FrAed assets are sled al Cost IM any a¢¢L#))ulaled dw•¢iatbn and xry>ainnert1088es. Depreclatlon Dewe¢l8tton 1$ calxlated so ag to V+Trte off the or valuatkjn of an a66eL I6 Rs r•sbJual Yahje. the useful •conomi¢ Ilf• oflhal as$8t as foib8.. Freehoky property SwmmlrwJ ptr)I pknt a equiw8nt Over SO years on a 8tralght Ilne baBk Over 2-5 years cn a stra¥Jht bne tAslg No deF¥e¢kticn vo ¢harged on the Nimmkng r1 la. Investments Inve6tment6 are • fomi ofbask Inanckl Irtstrumgnt. u1$19d InveStnts arn InItllY reo)rded al ¢(ét are 8Ut84uenUy Tevalu&J to feflecl vabJatton$ * a date ¢bxestlolhe b31ce #) orderto h Measu1 at falrvalue. As nol•J abm, the value of E1.13 Is based up)n the latest valugtton of the shares hekl in C&J Clark Ltd Ntht¢l) was fArried out as a24 May 2024 tr18DO. Rafillwl galns and ICA• I galro ard t088es are taken to the eMonI of Flnanclal A¢lfvltles as they erbe. Realoged ga and Ic6ses on investments are ¢akulated as ts dIfferen betsveen sele pre0c and ffir oFEning Ixry+ng wal orthelr wr¢hae value Ir acqulr&a suwuenl lo tho fi1 day of the flnandal yttr. Unre810gJ gaIr arNd losses org rakulated as the difference b81ween the falr value at the y•ar end and their carrywwJ vall. RealL8ed and unreaM8ed Investment oah8 and losses are uJmbkneA In the Statement of Flnancial Adivttle8.
Greenbank Pool Pap 13 Notes to the Flnanclal Statements (¢vnlthu•d) Year end•d 30 Septembor 2024 AOUntIng PDllcl•s (wiUnu•O Impalrmentolflx•l assets A revlew for Indicators of Impaimiert cathed out al each rep)rtit¥J dale. lIh the fecoveratle amounl being estimated wkn¢re such iThgicaIo exist Where Ihtr cayIng value exj$ the recoverable amounL the asset Is impaired ?c40rdingw. Prior Impayments are I0 rleV+d for PON81b rever¥81 at each r•p)rtsng d. stocks Slod¢s are measured al the lower of cc¢t •nd estimated selllng fv less ccffjts lo comF4ete and s?11. Cct indudes all cc6ts of wrchase. costs of corwerslcfi and other incurreAI In rOIng the 8tod(to its FYe8ent aTrJ o)ndrtion. Flnanclal Instruments A flnarK(81 asset or a financ4al Ilaknthty is reunISed vknen the antty a party lo the contra¢bJal ofth IrtnJment 8a¥ic financ4al Instfuments are inrtrally recognlsed at the am¢yJnt IVable or payable Induding •ny related transadhjn costs. Lml8$8 the arraThJernent consttiutes a finanLyrg trartsaction. where It r6 recwnlsed at the present value of the luture payments dlscounted at * market rale of Interest lor a Simikr debt inslTument. CuNent assets and current liakllf(ies are sub¥equentty maasufed * tho ¥h or other cvnskleration expedea lo t or receiv and not dLgcounted. Detl ItrUments gre 8ut6•4UBrrtty meaBur&d at grnortlsfjd cA)gL lWhwe Invwlm•nts in Ehares or prekrerKe shares are publfdy Iraded OT thelr far Val OtheThse te measured rellaw. the Investment 1$ sutwuentty measured * fair value wlth charKJes in Pdlr value reo)Jnbed In Income and pertdlbjrè. Al other 8uth Investment8 are $ut•wuentty rrwur¥d al o)st le88 Impa1ent. Donngd ¢<ffltrlbukn plans A money wrd)ase defined contritsAion scheme in 0¢8 and operates kr one employee and an attematfve nh)n8y wrchase deflned contrlbutbn scheme has been wt In place for the $etsond employees Ivth8n rryuiredl ¥thich is operated ty The Peoplè's Pertsion. CothbuUorA to the6e d•ffrd cothlyjtlon pIar are recoonl&ed an experw In the In lth the related seThi¢e Is provljed. Donallon¥ and logacles Unrestricled Total Funds urrntrirt Total FUTr Fund6 Funds Donatio froJn Street Partsh Council otherdonat*J 30.000 30,000 30,OQJ 30.OCO 659 30.000 30,OC¢J 30,659 30.659
Greenbank Pool P0g• 14 Nots8 to ts Flnanclal Statements Year ended 30 September 2024 Charltsblexfjvltles Lknre8knth Total Funds Unrestn'ctgd Total FuThJ¥ FurJ8 2024 Furkl8 Sylmming Fool Shop Ptr)I table Car parkjng 402195 25.329 41r2.19S 2S.329 430.406 25,017 430.4C 25.Q17 17.368 17.368 17,033 17.033 444,2 444.892 472,XQ 472.500 In¥eslm•nt Incon Unrethct&1 ErKJoYmwnt Total Funds Fund FUNJB 2024 InGome from investment FfQP8rties Bank nterest receae 9,900 4.496 14.396 9.900 7,23 17.8ZJ 3,427 3,427 Unrestrlcted Endoymnt Total FurKI¥ Fund8 20rJ IoMe from investment Bank Interest rec8Natle 2.112 2.112 11,8e6 13,998 7. Expondlthre on charltabh athlllm by fund typ• UnreBtrOct&d Er0¥Trent Totsl Fundj Funds FurylB Svdimming pc AmeThUes Trust Supp)rt costs 352.945 352945 1,400 61.845 416.190 1.400 17S4 59,091 4110&1 4,154 Unrestrlcted Endowffnt Totsl FuThJ& Funds Funds Swrnmirg pool Amenttles Trust SuPrt o)sts 431.295 431.295 1.40) $6,379 487,674 $8,824 491,519 3,845
Greenbank Pool Pag• 15 Not68 to the Flnanclal Statements fl&1• Year 8nded 30 Septen)er 2024 Exp•ndlture on charltabk acllvliies by aGttvlty tyFe ActNities Ulertaken direclly SuFFQrt Totsl funds 2024 Trtal fvnd 20Z3 SvAnvnlrYJ pool Amentties Tnjst Governance ¢08ts 351945 42,W2 395.337 2466 18.387 416.190 474,4101 1,400 15.718 491.519 18,387 61,84S AMtysl# cl eharltable eXp•rltUr• Swlmmlng P¢Jol 2024 Flftr8tton Wages salames EmF4oyerfs Nl¢ EmF4oyef8 penSn oJntributpJr Llfe IrU[anc4 Rent Rates & YAter Light & h1 Rep81r8 & malntenance Cther expens86 Depreciatlon Suppjrt aTrJ Govemar¢a ¢c6ts la8 per Note 101 Trtal 35.213 152,268 26.529 146.243 1,952 168 9.900 29,849 71,837 135,990 1,957 9,900 18,851 56,280 69.193 3.034 11 6.096 59,091 412.036 6,605 S6.379 487,674 Arn•nlll Tru•l Depreci?n SUF and Govem8nce costs la8 per Note 101 Total 1,4CO 2754 4.154 1.4C 2,44S 3,845 10. AnAlysls of support cuts mmlng Pool Amenitias Tw8t Totsl 2024 Total mise$ Communlcalions aTrJ IT GfjnÈral office Flnance cc6ts Gov¢rn4nce cc4ts Irtsuranc* Statl¢>nw aTrJ wkntlng 11,209 6.184 ZS61 4.125 16,699 16.493 1.434 915 151 12,124 6,315 2.961 4.125 18,387 16.499 1,434 61.84S 12,961 3.278 1,688 15,718 14,418 1,SZJ 58.824 59.091 2.754
Greenbank Pool Page 16 Notes to th• FlnanGlal Staternnts (¢ooWnu•AI Year ended 30 S•pt•mbor 2024 1Q Analys1• d supp)rt co$tS f¢onUvu•¢ Govemance ¢c4ts are an81y8ed 88 follc.. Qovernance costs AcQntancY fees Legal aTrJ profosstorral lees Indgpendenl examlnafjc41 se¢¥etari 11.340 379 8.819 1,43) 5,479 15,718 Total 18,387 Durfjng the Ferbd. the Jose and Frances Clark pyovkded atzntancY 8eTrlees of £7.580 12023.. £9,720) and Secretarlal 6eNlces of£S.36412023.' £5.4791. 11. Net IloswVgaln$ Snvknnts Endowftert Totsl Funds Endovnnerrt Tclal Fund8 2024 Funds 2C)23 Ga111$e$) ¢J) other Investment assets 1119,6211 {119,Q11 29.gos 11 Net lexwlrOIlln¢OM• Net {¢vrvJiturenlX)rne is stated aftercharglngll¢x•JNlrgl: 23 DeFleCHt)n oftanglbie ¢ as8èts 7.4 8.005 13. Indewdent examlnallon fe 2024 2U23 p3yable lo IndeFendenl examlner for. Ind&FeThJent examinaon oflhe finandal st•m8nts 1,304 1,440 Durfrg the period. Cttalrnern H8 Ltd. 8lso recefved lee8 of £2.942 {2Cf23". £3,171? In r•¥peLX of Pro1n9 payroll seNiGes and .760(2023.. £2,520} for a¢¢ountarw and tax r>rk. ThL8 N over and abwa tho indeperKlent exwnlnets fee 01 £1.30412023'. £1,4401.
Paqe 17 Greenbank Pool Notes to the Flnanclal Statements (conl Year onded 30 September 2024 14. Staff •ts The tdal staff o)sts ar emF4oyee benèfits for Ihe reFor"ng wvJd are anatysed follovts". 2024 2023 Wages and salafle5 Srxial seLwrity costs EM0yer contrilxrtioro lo pension pla Other enwoyee benefts 152268 146,243 1.952 154,398 148.&28 The average head count ofempbyees durlng the yearwa8 3412023.. 411. There was one fvll time member of staff and thg other 8laff are emF4oyvJ on 8 temForary b88 ilst the pjol opon. No emF4oyee recNèJ emWoyee benefits of more Ihan £60.000 durfrtyj thg year {2023: Nill. l& Trusts8 r•munwalk>n and expenses No remunèts0n or olher beneffts from errpbymgtt ith the charity or a reiat&J enttty %%we rece ty the truBtses. No exF¢rS have t¢en IrKurr¢¢J. 16. Tanglble flxgd as••ts SvAmml Free51 Pool Plant & operty EquiF¥nent Swmmlrg larKI Totsl cost At 1 Oclober 23 A&Jttions DL81& At 30 2024 151257 235.874 28.7V2 41&9fJ 450 14691 416,9)4 14691 Td5.855 1S2257 28.7¥2 D¢precl•tlon At 1 October 2ff23 C[90 forthe year Dbswffjals At Xl Septsmber 2024 Carrylng amgunt At 3D septbr 2024 130 S•ptember 2Q3 64,457 1,400 228, 291,361 7.4S6 {4691 298,388 65,857 232.531 86.400 87,800 3,324 8.970 28,792 28.792 118,516 125,W2
P4ge 18 Greenbank Pool Notes to tho Flnanclal Statsrnonts Year ended 30 September 2024 17. Investm•nts Investm•nts Cost or valuatlc At 1 Ootser 2023 dlt10ns Falr value mevements 280.540 (119.6211 160.919 At 30 Septsmb¢r 2024 Impalrment At 1 October 2023 and 30 S•ptsmb•r X124 Carrylng amount At 30 Septsmber 2024 At 30 September2tY23 160,919 280.S40 I InvestrynIS Sh atsve are hekj at valuatbn. Unltstèl investrnents 8re th at lalr value ot the bakAce 8heet d8t8. The unlisted IrNestments •Te revaluJ bas&J on a vabjation ol the shares ty 8DO. Thevaluatlon lfiojrpora In the armurts was Frfeparwj on 24 May 2024. the value ctosest to the ba18rice shtdate arKI Vfds £1.13 per Share(223.. 31 May 2023.. £1.97 persharel. At the year •nd. the value ol shares held at the balarKe sheet date B £160,9191142.4L •hares st £1.13 w sharg112023: £280,540-141406 $hgres at £1.97 Fer share). The nance of financial Instruments to the trw8t YJ Gon8k1eTed In the finonaal review and Investment pollcy 8nd Ferfonnance Sed0r of thg Trustees, Annual Rep)rt. The main rf8k from flroncial Instruments Iles In comtlnation ofthe share vaILm0Th the dfvhdend ytebJ. 18. Stock8 2024 Fini8h•l goods arvj gotyS5 for resale 3.770 1 Deblor 2023 Prepaymerts and 8ccrued Incorr otherdelors 1.925 9.081 11.6 16.6CO 19.1e6
go19 Greenbank Pool Notes to the Flnanclal StateThnts f¢onl Year ended 30 Septener 2024 20. Credltor8: amounts talllng due wlthln one year 2024 2023 Traje uedrto A¢ofual8 and d&feThed Inc(The Other ¢rèaltOfS 118 62.218 61,993 23,964 6.921 92.878 6.259 21. P•n•lons rfftl Other p)st rellrement b•n•fits A money purc0 defined Contributn scheme is operatsA ty Aviva for one employee and an allernatlve money wrchase delthed ContrilOn scheme has teen wt In ace for the seasonal employ6 7th b opered by The People's Penslon, although the latter scheme has not teen ed INS ye•r or last 0$ the p)ol has been dosed. Total contritslionB to these 8chemes amounted to £2,046 (2023.. £1.9521. 22. Anaty81$ of charltabl• lund8 UnmtrlcW funds At30 Gains and SePteMr 2024 O¢tobfyr Income ExFendf(ure General fvnd$ De81Jnated Fund 4>trJl Serubter 319,5eo 478.319 1412.0361 365,843 319. 478,319 1412,0361 385,843 A11 October 20f2 At30 Galro aTrJ ¥ember losse8 Inc0Th ExFeTrJitum G•neral funds Deslgnaled Fund-Pool scrubtr 1,963 $04,612 1487.0151 319.$80 659 16591 1487.6741 301.963 $05.271 319.S&J A 8m811 donakn w4$ set aSKle aThJ used SFeclfkalty to acqulre a p)018uubb8r. Endowrnnt furKI¥ At30 Galn6 aTrJ September IDSSes 2024 Odober 2023 Inc£sme EXPwUIfj Arneniti' Tr1 S57,1SS 14.396 14.1541 1119,621) 557.7TT Oclober 2022 Galns aThl Semembor 10s$8 Inrne EXF•JitUre enrtfj Trt 829,210 11.886 13.845) 29,905 667,156
Greenbank Pool Pag• 20 Notgs to the Flnanclal Statements (¢w•(thu•dJ Year ended 30 Soptsrnber 2024 23. AnalYS of net assets t9n lunds Unrgstri¢t&Y EndowThert Total Fund Fur Fund¥ 2024 Tangltle aesets Investments Cwent assels Cr&Jltor81¢ss than 1 year NetaBsets 31116 118,516 160,919 750,444 186.2S91 943. 160,919 4f2,411 318,033 178.6841 17.5751 385,843 557.777 Unreotrld8J Endowmenl Totsl Funds Funds Funds Tanglt48 ass Investments Cwrent assets CrwJitor5 tess than 1 year Net w•ts 37,762 87.8(x) 280,540 3CE.251 17,4351 6S7.1 125,562 280,540 673,492 {¥2,8781 986.716 367,241 185.4431 319, 24. FIn¢11 Instruments Th& ¢arrylw amounl foi each category ol flnanc4al Ingtrumentlg 8$ followa.. 2024 2023 Financlwl as•ets Theasurod at fall v•lu• through In¢¢m•and •xp•ndltur• Flnancial assets mea$ured atlAlrvalue throwJh IncOff and exFenditure 160.919 280,540 25. Anaty•l• ol chang•s In n•td•bt At At 1 Oct 2023 Cash S•p 2024 Ca$h at haTr 658.716 727, 20. Related partl Durirq the year. the th)seph and Frances Clark aixountancy Se1 of £7,58012023'. £9.7201 ar setteiart81 seM¢es of £5,36412023'. £5.4791. The Joseph and Frances Clarf¢ has 4180 recharged office cc6ts amunb.ng to £3.199 In the year12U23". £3,372), Mr R Claik truBtse ol b)th the8elnts