## **Clayton Swimming Bath and Recreation Centre Trustee’s Report** The Trustees present the annual report together with the financial statements and independent examiner’s report of the charity for the year ended 31 March 2023. ## **Objectives and activities** ## _**Objectives and aims**_ The objectives of the Trust are the provision of a swimming pool and other recreational facilities for the benefit of the inhabitants of the Parish of Clayton and its neighbourhood with the objective of improving the conditions of life for the said inhabitants. The aims of the Trust are also to ensure that the provision of the facilities continues for the local residents, whilst maintaining and improving the assets endowed. ## **Achievements and performance** Income derived from investment is being earned and available for future expenditure on facilities as the Trustees consider necessary. ## **Financial review** During the year the unrestricted income fund increased in value by £48,057 mainly due to income derived from investments. The endowment fund decreased in value by £90,251 due to a decrease in investment values. The unrestricted funds held are considered to be at a reasonable level required for future administrative and management purposes. The risks involved in the operation of the premises for the charitable purpose have been addressed by: - A lease to Kirklees Council who are responsible for ensuring full operation and repair of the facility, and - A sub-lease from the Council to Kirklees Active Leisure (agreed by the Trustees) who operate and manage the facility. ## **Plans for future periods** ## _**Aims and key objectives for future periods**_ To continue to ensure the successful operation of the facility for the benefit of the Clayton community. ## **Structure, governance and management** ## _**Nature of governing document**_ The charitable Trust is governed by a document dated 22 July 1966 as varied by an amendment dated 25 June 1998. The document created an endowment comprising of swimming baths and adjacent land located in Scissett, Huddersfield, for the purpose of providing a swimming pool and recreational facilities for the benefit of the inhabitants of the Parish of Clayton and its neighbourhood. The baths were originally funded by members of the local community working in the coal industry and the facilities originally had the title “Miners Welfare Baths” in recognition of this. The Council of the Borough of Kirklees is the sole corporate Trustee. Decisions on behalf of the Trust are made by the members of the Council’s Cabinet in office at the time. Charity registration number: 523548 Clayton Swimming Bath and Recreation Centre Annual Report and Financial Statements for the Year Ended 31 March 2023 page 4 Clayton Swlmmlng Bath and Recreotlon Centre Trustee's Report The Trustees present the annual report together with the financial statements and independent examinerfs report of the charity for the year ended 31 March 2023. Oblectlves and a¢tFvitlos Objectfves and alm$ The objectives of the Trust are the provision of a swimming pool and other recreational facilities for the benefit of the inhabilanls of the Parish of Clayton and its neighbourhood with the objective of improving the conditions of lrfe for the said inhabitants. The aims of the Trust are also lo ensure that the provision of the faalities continues for the local resident5, whilst maintsining and improving the assets endowed. Achlevements and performance Income derived from investment is being eamed and available for futu￿ expenditure on facilities as the Trustees consider necessary. Flnanclal revlew During the year the unre$lrided income fund increased in value by £48,057 mainty due to income derived from investments. The endowmenl fund decreased in value by £90,251 due to a d￿reaSe in investment values. The unrestricted funds held are considered to be al a reasonable level required for fvtU￿ administratsve and management purposes. The risks involved in the operation of the premises for the charitable purpose have been addressed by.. A lease lo Kirklees Council who are responsible for ensuring full operation and repair of the facility, and A sub-lease from the Council to Kirklees Active Leisure (agreed by the Trusleesl who operate and manage the facility. Plans for future perlods Aims and key objectlves for futurg p8riods To continue lo ensure the successful operats'on of the facility for the benefit of the Clayton community. Structurej governance and management Nature of governing document The chaiitable Trust is governed by a docurnenl dated 22 July 1966 as varied by an amendment dated 25 June 1998. The document created an endowment Comprising of swimming baths and adjacent land lo¢ated in Scissett. Huddersfield, for the purpose of providing a swimming pool and recreational facilities for the benefit of the inhabilanls of the Parssh of Clayton and ils neighbourhood. The baths were originally fvnded by members of the local community WOTking in the coal industry and the facilities originally had the litle"Miners Welfare Baths. in re¢ognrtion of this. The Council of the Borough of Kirfrlees is the sole corporate Trustee. Decisions on behaw of the Twst are made by the members of the Council's Cabinel in office at the lime. page 5 Clayton Swlmming Bath and Recroatlon Centre {523548) Statement of Financial Activities For the Year Endgd 31 March 2023 Unrestrict funds Endowment nd$ Total Totsl 2022 2023 Income and Endowmènts from: Investment income 43.633 4.519 43,633 4,519 40,075 338 Other in¢om$ Total Ino)me 48,152 Expendliur• on: Other expenditure -95 45 -95 Total Expenditure .95 -95 -95 Net Ino)me 48,057 48.057 40,318 Gross tran$f&r$ belween fvnds {Loss}IGain on Rgvaluation of Investments -90,251 -90.251 -188 Net movement in thjnds 48,057 -90,251 42,194 40,130 R•¢oncillatlon of funds Totsl funds brought fO￿ard 175,015 1,277,261 1,452,276 1,412,146 Total funds cafried fotward 223 072 1,187,010 1.410.082 1452,276 page 6 Clayton Swimming Bath and Recreatlon Centre1523548) Balance Sheet For the Year Ended 31 March 2023 2023 2022 Note Investments 1,167.816 1,258,067 Curront assets Debtors Short-term investment Cash at bank and in hand 11.000 10.000 23,330 160,974 194.304 231.361 242,361 Crodltors: Amounts falllng due wlthln one year 10 -95 -95 Net a8sets 11 1410 082 1452 276 Funds of th¢ Charity: Endowment funds -1,187.010 -1,277.261 Unrostrictgd income funds Unreslricled income funds -223.072 -175.015 Total funds 11 -1410.082 -1452.276 Isignalure} namel page 7 Clayton Swlmmlng Bath and Recreatlon Centre1523548} Notes to the Flnancial Statements For the Year Ended 31 March 2023 1. Ac¢ounting Policies Slatemgnt of Compllance The accounts have been prepared in accordance with the Charities SORP IFRS 1021, "Accounting and Reporting by Charities.. Slalement of Recommended Pr8cbce applicable lo Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland" Basis of preparatlon These accounts have been prepared on the basis of historic cost and on an accruals basis. Exemption from preparlng a cash flow statement The Charity has applied the exemption Lsnder the Charrties SORP IFRS 1021 and ha5 therefore not included a ¢ash flow statement in these financial statements. Going concern The Iruslee considers that there are no material uncertainties about the Charity's ability to continue as a going con¢ern. Income and endowrnents All income is recognised once the charity has entiuement lo the income. it is virtually certain that the income will be re*ived, and the amunt of the income receivable can be measured reliably. Investment Income Amounts receivable from the ￿alISatiOn of endowment assets are retaine(I within endowment funds. Income derived from endowment as$el$ is treated as unrestricted income. Expendlture l expenditure is recognised once there is a legal or conslruclive obligation to that expenditu￿, it is probable settlement is required and the amount can be measured reliably. Endowment assets The only remaining asset of the trust is the swimming bath and recreation ￿ntre building. The building is leased lo Kirklees Council which has responsibility for the upkeep of the building. The lerrris of the lease are such that the building has a nil value in the accounts. Fund structure Unrestricted funds a￿ general funds that are available for use at the trustee's discretion in furtherance of the objecbve5 of the charity. The original endowment comprised of land and buildings. Any subsequent receipts arising from disposal of endowment assets are credited lo Endowment Funds and are lo be used only for further expenditure on Endowment Assets. page 8 Clayton Swimmlng Bath and Re¢reatlon Centre1523548) Notes to the Flnanclal Ststement$ For the Year Ended 31 March 2023 2. Investment incomo Unrestrictod funds 2023 2022 Interest receivable and similar in¢ome'. IrFteresl receivable 43,633 40,075 3. Othor Income Unrostricted funds 2023 2022 Interest receivable and similar income.. 74ay noti¢e Interest on balances 16 322 338 4. Other expendhure Unre8trlcted lund8 2023 2022 Independent Examinerfs Fee 95 95 S. Taxation The Charity is a registered chanty and is therefore exempt from taxation. 6. Investments Market value at beginning of year Additions to investments at cost Carying value of investments redeemed Loss on revaluation Market value at end of year 1.258,067 -90,251 1 167 816 7. Debtors Unrestrlctsd funds 2023 2022 Investment income 11.000 8. Short4erm Investment Unrestricted funds 2023 2022 Funds placed on 7-day notice External investment 23,314 16 page 9 Clayton Swimmlng Bath and Recreation Centre {5235481 Notes to the Flnanclal Statement$ For the Year Ended 31 March 2023 9. Cash and cash equivalonts 2023 2022 Cash at bank and in hand.. Cash at bank 231,361 160.974 10. Credltors: amounts falllng due wlthln one year Unrestrlcted funds 2023 2022 Accruals 95 95 11. Funds Balance al 1 April 2022 Incoming resources Resources expended Balance at31 March 2023 Unrnstricl8d funds Unrestricted other funds 175.015 48,152 -95 223.072 Endowment funds Pemianent endowment fvnds 1.277.261 -90,251 1,187.010 Total funds 1,452,276 48.152 1,410,082 12. Anatysis of net assets between funds Unre8trictod funds General End0￿￿￿ent funds Pemianent Total funds Current assets Current liabilitie5 223.167 -95 19,194 242,361 -95 Total net assets 223.072 page 10 CHARITY COMMISSION FOR ENGLAND WAIES Independent examlnefs réport on the accounts Section A Independent Examinèr s Report Reportto the trusteesl M￿be18 of On a¢¢ounts forth? yoar end¢d 31 nftrtcd loll Itf any) 513 fjF{ Set out on pageB I repjrt to the trustaeson my exAmlnation ofthe oc¢tyJTts of Ihe abo%F ¢h¥ray IY*Tnrf) forthe y•*r end*J Rtsponslbllltlts and bash of reprmt As th8 ch*itystsustees. you are forihv w8P8r8ti0Tr oflhe artounts In aeJxj￿Ce the r8quiremBnts oflhe Chwth8A¢t2011 fthe As￿1. I rBPOrtin ￿5F*d d myexaminatron of the Trusys aoxuntscarftod out under 8e£*on 145 of the2011 ACtar￿ th Car￿TrJ out my examination. have lolw all th8 8WKablB Direction$ given by the Charity CorMiiMA)n undersethon 14515Xbl ofthèA(a. Ind•p8ndent eMamin•fs $tatement I have comp*d my axamlnation. I confimi that no material matters ha¥e respect.. the acc¢untiry r8eords ncl kett in accordarKe wth 8eL*on 130 ofthe CharrfiBS Art or accouTrts dkl not acurd the acwunting records,. or Ihe actXMJrrts d*Y not the app1rab￿ reqU￿￿ents concemirvJ the fonn and Ix)nter%t of 8CCOUnts set fArt ITr Clwit (Accounts and Reports) Regulations 2008 olherthan any requirement thatthe accoutts gNe a Iru8 8nd faif %vhKh is Mta mthr )n5Klgr8d 88 Partof an indepe￿ent eKafflingts"on. I have no conc8rn8 and bave ccthe au055 no Other malte[5 in wrth the examination to 4ltention shDukl t• thls report ortterto enable a properunderstandirvJ of Ihe awA)unts to te reached. ' P188S8 ti*te the words In Ihs Ixackets Iflhey(A) not8ppIy. Slgnod.. NHm•: R*￿vallt profes&Jonal qu¥IIAcallorf41l or boty IER Oct 2010 111 any).. Addres8: 7 rJ>tsl Disclosure Onty rJ)mpk* rfthe examinernÈed$ 10 hwJhlgM material m8tters of cDn¢em lsee CC32, Independent examir*tion of chanty accoun￿. dwecbons and guittancefor oxaminv4$1. Glve h￿￿ briefdetslh of •ny Item8 thattho eXamI￿TwI8hes to dL*close. IER Oct 2018