Charity registration number: 523548 Clayton Swimming Bath and Recreation Centre Annual Report and Financial Statements for the Year Ended 31 March 2024 page 1 Clayton Swimming Bath and Recreation C•ntro Trustgo's Report The Trustees present the annual report together with the financial slalemenls and independent examiner's report of the charity for the year ended 31 March 2024. Objectlves and actlvltles Objectlves and aims 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 ils neighbourhood with the objective of improving the conditions of lrfe for the said Inhabitants. The aims of the Trust are also to ensure that the provistr)n of the facilities continues for the local residents, whilst maintaining and improving the assets endowed. Achlevements and performance Income derived from investment is being earned and available for future expenditure on facilrties as the Trustees consider necessary. Flnanclal review During the year the unrestricted income fund Increased in value by £55,182 mainly due lo income derived from inveslmenls. The endowment fund decreased in value by £12,230 due lo a decrease in investment values. The unrestricted funds held are considered to be at a reasonable level required for future adminislralive 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 lo Kirklees Acts've Leisure lagreed by the Trusleesl who operate and manage the facility. Plans for future periods Aims and key objectives for future perlods To continue lo 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 docurnenl dated 22 July 1966 as varied by an amendment dated 25 June 1998. The document created an endowrnenl comprising of swimming baths and adjacent land Icraled in Scissett, Huddersfi'eld, for the purpose of providing a swimming pool and recreational facilities for the benefit of the inhabitants of the Parish of Clayton and ils neighbourhood. The baths were originally ftjnded by members of the local communty 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 al the time. Approved by the orpo te Trustee on...2211112024 Signe Lcic(JiL P[LW.￿n, page 2 Clayton Swimmlng Bath and Rocreatlon C&nlr• Statement of Flnancial Actlvltles For the Year Ended 31 Mar¢h 2024 Unrgsttl¢ttd fund$ Endowment funds Total 2024 Total 2023 Inet)me and Endowments fram.. Investment income Other income . 42,776 12,499 42,778 12,499 43,633 4,519 Total InLx)me 48,152 Expenditure on.. Other expenditure -95 -95 -95 Totsl Expenditure -95 Net Inc*Jm& 55,182 55.182 48.057 Gross transfers be￿een frjnds ILossllGain on Revaluation of Investment 12.230 12,230 )￿,251 Nel movement in fvnds 55.182 12,230 67.412 42.194 Reconclllation of funds Total funds brought forward 223.072 I,f87.010 1,410.082 1.452,276 Total funds carried fO￿ard 278.254 1.199,240 1,477,494 1.410082 page 3 Clayton Swlmmlng Bath and Recreation Centre Balance Sheet For the Year Ended 31 March 2024 2024 2023 Note Investments 1,180,046 1,167,816 Current assets Debtors Short-lerm investment Cash al bank and in hand 11,402 11,000 286, 141 297.543 231,361 242.361 Credltors: Amounts falling due withln one year 10 -95 -95 Net assets 11 1,477A94 1410.082 Funds of the Charity: Endowment funds -1,199,240 -1,187,010 Unrestricted income funds Unrestricted income funds -278,254 -223.072 Total funds -1.477.494 -1.410,082 {signalufel (namel page 4 Clayton Swimmln9 Bath and Recreatlon Contre Notes to the Financlal Statements For the Year Ended 31 March 2024 1. A¢¢ountlng Poll¢loS Statement of Cornpliance The accounts have been prepared,in accordance with the Charities SORP IFRS 1021, "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in a¢cordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland" Basls of preparatlon These accounts have been prepared on the basis of historic cost and on an accruals basis. Exgmption from preparlng a cash flow statement The Charity has applied the exemption under the Charitses SORP IFRS102) and has therefore not included a cash flow statement in these financial statements. Golng concern The Iruslee considers that there are no material uncertainties about the Charty's abilty to continue as a going conGern. Income and endowments All income is recognised once the charity has entitlement to the income. tl is virtually certain that the income will be received. and the amount of the income receivable can be measured reliabty. Inve8tm8nt In¢om• Amounts receivable from the realisatton of endowment assets are retained within endowment ftjnds. In¢ome derived from endowment assets is treated as unrestricted income. Exp8ndlturo All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount Can be measured reliably. Endowment a8set8 The only remaining asset of the trust is the swimmlng bath and ￿¢￿atIOn Centre building. The building is leased to Kirklees Council which has responsibility for the upkeep of the building. The tems of the lease are such that the building has a nil value in the ac¢ounls. Fund structure Unrestricted funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity. The original endowment comprised of land and buildings. Any subsequent receipts arising from disposal of endowment assets are credrted lo Endowment Funds and are to be used only for further expenditure on Endowment Assets. page 5 Clayton Swimming Bath and Recreation Centre Notes to the Financial Statements For the Year Ended 31 March 2024 2. Investment income Unrestricted funds 2024 2023 Interest receivable and similar income.. Interest receivable 42.778 43,633 3. Other In¢ome Unrestil¢ted funds 2024 2023 Interest receivable and similar income.. 7-day notice Interest on balances 12,499 12,499 4,519 4. Other expendlture Unrestricted funds 2024 2023 Independent Examinels Fee 95 95 S. Taxation The Charity is a registered charity and is therefore exempt from taxation. 6. Investments Market value al beginning of year Additions to investments at cost Carrying value of investments redeemed Gain on revaluation Market value at end of year 1,167,816 12,230 1.180.046 7. Debtors Unrestricted fundg 2024 2023 Investment income Legal fees 10,528 874 11,000 11,000 8. Short-terni investment Unre$tri¢ted tunds 2023 2022 Funds placed on 7-day notice Extemal Investment page 6 Clayton Swlmmlng Bath and Recreatlon Centr¢ Notes to the FSnanclal Ststements For the Year Ended 31 March 2024 9. Cash and cash gquivalents 2024" 2023 Cash at bank and in hand-. Cash at bank 286.141 231361 10. Crodltors: amounts falling due wlthln one year Unrestrl¢tod funds 2024 2023 Accruals 95 95 11. Funds Balanto •t Incoming resourc•s Ro$oiir¢o8 gxpgndod B•lance at31 March 2024 2023 Unrestrlcted funds Unrestricted other funds 223,072 55,277 -95 278,254 EndowTngnt funds Permanent endowment fvnds 1.187,010 12,230 1,199,240 Total fund8 1,410.082 -95 1477.494 12. Analysls of net assets betwwn funds Unr•$trict fund$ G8neral Endowmont funds Pfrrnianent Total funds Current assets Current liabilities 278,349 -95 19,194 297.543 -95 Total net assets 19.194 297.448 page 7 (HARtTY (OMMISSION FOR ENGLAND AND WALES Indopendont examinerfs roport on the accounts SeGtion 4 Iridependent Examiner's Report Report to the tru$teesl member5 of On *¢counts forthe yèar ended Charity no lif 8nyl 31 gDI Set OLrt Dn pagos l ￿POrt lo the trust885 on rrry examination oltho ac¢x)unfs of the &bov8 rharity I'lhe Trusy) for Ihg year èndgd As Ihe ¢haritls tru$lees, you are resFonsible foTthe preparation of the accounts in acco￿an￿￿th the rwuirern8nls ol the Charitie5 Act 2011 I'the Acn. I report in r8spect Df my &xamination of the Trusi's acco￿nts carried out und8r 5edion 145 01 Ihè 2011 Ad and in carrying out my eiaminalion, I have lolloAed 11 the applicable Direct￿￿$ given by the Ch8rty Commisgon under 5ectioTh 145(5llbl of the Ad. R?spon$5biliti88 and lJ451s of report Independert th8rity' s irKorne exceedul £250, nd l am rlualrf￿d lo 1￿mIne￿5 statement underta e exarninalion by being a qu member of linsert ￿?me of ble listed bodyll. Delele I l iln pph"¢?ble. I hève compl*tod rny exÈnNftal':oD. I confinn that no n?alorial ￿tterS hava come io m>. attsnlion Wryth the e¥2minalion (gtÈ* GI8*￿w41￿h g￿Ve3 me cause lo btlieve thai in. ony material ltte a¢ctsunling record$ We￿ nat k8pI in accorrtance section 130 ¢f the Charities Ad. or the ac£ount5 dij nol a￿r￿ wth the ac(timting ￿t￿r(S$. or the a<￿ount$ rtirl not c(Knply wlh the 8pplicsble requirernents caoceming tre and content ol accouTrts sèt out in the Charitie$ (Aceounts and Rory>rt$! Re9uLation5 20Q8 otr*r than any reqLMrenient Ih8t the arth￿￿t5 give a and fai¢ viewbthith o not a matter consiEterth1 as part of an Independent examination. I h8ve no ¢onc?rns and have ¢om8 acmss no 0lh8r matt8rs in uJnn8clton wrth the examinalion lo att8ntion be in thi$ report in 0rd8r to Ènatle a rxoper u￿terS￿ndIng olth8 a￿￿nIS to tse ￿¥hed. ' Pkas• delete t1￿ WO￿ in th8 bracknts iftlreydo nOt8[￿Y Signed.. Nam•.' R•levant prolewonal T- (*ét qualifi¢ationl$l or body IER Oct 2018 page 8 i). •ny): O(r Sectioii 8 Disclosure Only complete rf the ex2rriner needs to hwJhk9ht niatenal mall&E ol w)c¢m {3ee CC32. Indewdent exanHTratTr￿ d charty aco)unts'.