Charity Reg No.. Nl 103009 TEMPLEMORE USERS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th SEPTEMBER 2018 M¢Gulr• + Farry Llm5t8d Chartered Certified Accountants and Reglstered Audltor TEMPLEMORE USERS TRUST TrusteeslDlr8Ctor8 and Other Informatlon DIRECTORS.. A J Stewart {resigned 6th S&plemt￿r20161 R L Teague C A Gilmoro l McGonigle E M Stewart W Dempster G E Proctor R W Hlgglns W D Stalford SECRETARY: E M Stewart REGISTERED OFFICE.. Tem￿emo￿ Swm C6ntre Templemore Avenlte Belfast BT5 4FW REGISTERED NUMBER: NI 027803 CHARITY NUMBER.. NI 103009 BANKERS.. Ulster Bank Limited 431 Newtownards Road Connswater Belfast BT4 1AQ Nationwde Building Socltsty Kings Park Road Northampton NN3 6NW SOLICITORS: Carson McDowell LLP Murray House Murray Street 8elfa5t BT16DN AUDITORS.. McGuire + Farry Limited Reglstered Auditor and Chartered Certified A¢counlants Ernerson House Carryduff Belfast BT8 8DN TEMPLEMORE USERS TRUST CONTENT Report of the TrusteeslDireclors Report of the Audltors Slatèmenl ol Finalldal Actlvi11gS Income and Expenditure Aceounl Statement of Financial Position Notes to the Financial Slatem8nts TEAqPLEMORE USERS TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30th SEPTEMBER 2018 The trustees present their annual report with Ihe aceounts of the company for the y8ai ended 30￿ S8Ptember 2018. PRINCIPAL ACTIVITY Templemoie Users Trust operates a community-based lelsur8 facility providing swmming ￿$sonS, recreational swimming and fitness suite in East Belf8St. STRUCTURE, GOVERNANCE AND MANAGEMENT Templemore Use15 Trust 18 a chaiilable company limited by guaranloe not havin9 any share capltal and reglstered under the Compani9s Acl 20(b. Th8 board 1$ cornpri5ecl 018 tearn of volunteers who meet monthly 8nd the day-to-day running of th8 c8ntre is m8naged by David Elllolt alongside an eXperIen￿d tearn ol coaching staff. CHARITY HISTORY & OBJECTIVES Templemore Users Trust is a recognised Gharity and indudes the provision of leisure f8cililies In Ihe interest of sodal welfare with Ihe obJ.￿tive of improving thè conditions of life of th& inhabitants of Ea51 Belfast 8nd its environs. Templemore Avenue Public Baths and Swimming Pools were built as one of four public baths in Belfast during the late 1800's. Opened in 1893 the baths and pools have served over five generatlolls representing thousand5 of people In the communlty of East eèffast. Mow known as Templetnore Swim & Fitness Centr8 the building was saved from dosure in the earty 198(Ys by a voluntary wmmittee, and one of the 2&yard pools is still in operatioTr. The Victorian building and pool due to Its age and cOnd￿lon requ1￿$ ongoing ￿pair and maintenance. The Trust is fortunale to have enough cash re89rves to be ab1810 stay on top ol these n8ed5. along with receiving an annu81 Maintenance Grant from Belf8sI City Council hdd a8 r8¥lrfcled incorne. MAIN ACTIVITIES The main activities of the Charily continues to be the provlslon of swirnmSnu lesson5, recreation81 swmmTrng, swim school cla8s8s and fitn8S5 Suite memb8rships. Templemore Swim School of 600 chlldren per week is key income for the Centre. dong with adult swim lesson5, open and famlly Gwirns and gym m8mbgrships plus community-based dubs p)ol hire. FINANCIAL REVIEW The financial performance for the year f811 below the expectations ol the board and are Sel out in detail on pages 4 10 6. Net iricoming resources for the year amounted to £278,32912017.. £254,578) and nel surplus foi the year was £6,919 {2017.. £57,455) A 5ubstantsal increase in wag9 expenditure was contributory to a 8urplus benealh what Ihe board had expected. The dir8Ctots consid8r the state of 8ffair5 to be Satisfactory and are optimistic heading into 2019. Imth the addiliDnal ongoing income from the swim school and continued 5UPPOrt frorn Belfast City CounThl grants. tho diractois ar8 confidenl to report a betleT surplus over the next 12 months. The principal sourc8s of income and funding can be broken down as follow¥: Pool and Fitrless Sulte Incorne £199,764 Grants Recewable £74,310 Interest Recèlved £3,365 Rents Re￿iVed £780 Other ￿ncoMe £110 FUTURE Pkn4NS In partnership with B8lfasl City Council and one of it$ major useis Templemore Aquatics Sports Club, Ihe Commlttee has ambitious plans for the Centre. Following the recent conflrmation of an injection of funding from Heritage Lottery Fund together wbth Belfast City Councll there are plans for 8 full upgrad8 of the leisure fadllts.es includirN a new 25-melre pool and stale of the art gym. TEMPLEMORE USERS TRUST REPORT OF THE TRUSTEESIDIRECTORS FOR THE YEAR ENDED 30th SEPTEMBER 2018 TRUSTEE'S RESPONS181UTIES The Trustee's are re$ponslble lor keeping ptop6r accounting r8cords which disclose with rea80nable accuracy al any time the financial position of the company and to 8nable them to 8n5ure that the financlal statements cornply with th8 Companies Act 2006. and th8 provisions ol the Slal8rnent of Recommended Practi￿ ISORPI , applicable lo charille$ preparing their 8ccounts In accordance with Financial Reporting Standard appliGable in th8 UK and Republic of Ireland IFRS 1021. They are 8180 responsible for 8aleguardlng the assets of the company and hen￿ for18king reasonable steps for the pievention and deteth'on of fraud and other irregularfties. Slgned on b8half ofthe board of dlrectOTS Date.. I C) Joig E.M. Stswart Se¢retary TEMPLEMORE USERS TRUST INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 30th SEPTEMBER 2018 We have 8udited the ffin8nci81 statements of Templemore Usef5 Tpjst lor the year ended 30th September 2018 which comprise the $18temenl of Financial Aclivilies, the Statement of Financial Position and the related notes. The financi reporting framework that has been app11ed in their pieparation is applicable law and United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accounting Practi￿1. in¢ludlng FRS 102 The Financial Report¢ng Standard applicable in the UK 8nd Republic of Ireland" This rewrt Is made Solely to the company's sharehold8rs, as a body. in accordan￿ WEth Chapter 3 of Part 16 of the Compani8s Ad 2006. Our audit work has been undertaken 50 that we might state lo the company's sharehowers Iho8è mallers we are raqulred to slate to them in an auditors, ￿POrt and for no other purpose. To the fullest extent permllted by law, we do not accept or assume responsibility to anyone other th8n the company and the company's shareholders as a body, for our audit work. lot thls reporL or for the opnions w8 have fomied. Respective Re$pon$lbllltles of Directors and Auditors As explained rnore fully in the Trustee's ResponsibililiE5 Statement set out in the Trustees. Report, the Irust88s' Iwho are 81s0 directors for Ihe purposes ol ¢ompany lawl are ie5pon5ible for Ihe preparation ol the linan¢i81 statements and for being satlsfied that they give a true and falrvlew. Our ￿sponSibl11fy is to audit and express an oplnlon on the fin8nci81 statements in accordanc8 with applicable law and Intemational Standards on Auditing (UK and Ird8nd). Those standards require us to eompany wilh the Ethical Stsndards for Auditors. Scope of the audit of the flnancial ststements An audit involves obtainirvJ eviden￿ about the amounts and disc1osure$ in the financial statement8 suffiaenl to give reason8bl8 assurance that the financial statements are free frorn rnaterlal misslatetnent. wheth8r Gaused by fr8ud or errol. This indudes an assessment of whether the accounting poli¢ies are appropriate to the company 5 Gir¢urnsl8nces nd have been consistenlly applied and adequately discb*d", and the oveiall presentation of the finanaal stalem8nts. Oplnlon of tho Financlal Statements Ilb ouropinion the finan(ial statements.. give a true and f8ir view of the state of the company's affair8 8$ at 301h Septembèr 2018 and of its surplusl Ideficill for the year then ended., have been propèrty prepared in aocordanc8 with Unlted lfjngdom Generalty Accèpted Accounting Practice., and have been prepared in &(tordance wlth the requir8ments of the Cornpanies Act 2006. Opinion on other matter8 prescribed by the Companiès Act 2006 In our opinion the inform81ion given in the Directors, Report for the finanaal year for which ¢he finanrAal statements are prepared is conslstent wth th8 financial statements. Mat¢¢rs on whlch we are r8qulrad to report by •x¢eptlon We have nothing to r8port In respect ol the following matters Whe￿ the Companies Ad 2006 requires u$ to report ¢0 you, in our opinion.. adequat8 ac(x)unting records have not been kept, or returns ad8qktate for our 8udll have not been ￿ceiVed from branches not vlsiled by us., 01 the financial statements are not in agreernent wlth the accounting ￿cordS and returns.. or certain di$¢k)sures of direcloTS' remuneration specified by law are not made.. or wè have not received all the infotrnalion and explanations we require ftsr our audit Brian Raymond McGulre FCCA18enior 8tatutory audltorl For and orb behalf of McGulre * Farry Ltd Reglstèred Auditor and Chartered Certlfled Accountants Emerson House 14b 8allynahlnch Road Carryduff 8ELFAST 8T8 8DN Date.. TEMPLEMORE USERS TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30" SEPTEMBER 2018 Notes Restrlcted Unrestricted Funds Fund$ 2018 Total 2017 Total come and End¢)w om: Trading Activities 199,764 199,764 775,117 Grants 37,155 37,155 74,310 74.310 Interest 3.365 3,365 3,813 Rents 780 780 1,080 Oth8r Incoma 110 110 178 Total Incoming Resources 37.155 241.174 278,329 254,578 Centre Actlwties 37,155 210.044 247.199 175,371 Governance Costs 8.287 8,287 4,236 Deprwationlwrfte Offs 17,924 17,924 17.516 Total R•sour¢e$ Expended 37,155 234,255 271,410 197,123 Surplus on activit•s 6,919 6.919 57,455 Fund bal8￿￿$ at 1 October 2017 838,042 638,042 580,587 Furnd balances at 30 Septgmbei 2018 644,961 844.￿1 638.042 TEMPLEMORE USERS TRUST INCOME AND EXPENDITURE AG¢OUNT FOR THE YEAR ENDED 30UI SEPTEMBER 2018 Not•s 2018 2017 Net Inc Pool and Fitness Suit8 Income Grants ReTrivable Inleie5t Re￿Ived Rents Received Other Incom& 199.764 74,310 3,￿5 780 110 175,117 74,310 3,813 1,060 178 278,329 254,578 Nèt Ex nditure Salarie5 and Wages Employ¢rs Pension Costs Chetnicals T81ephone & Broadband Printing, Postage and Stationery Adverb5ing and Promots"on Swim S¢hool Expenses Training. Subscriptions, Course Fee6 Insuran￿$ Rent and Rates Maintenance, Cleaning Staff Uniftsrms Bank Charges Auditors Remuneration Bookkeeping Fees Donations Sundry Expenses Depreciation Office Equipment Depr8ciation- PL4nt and Equiprnent Write off re scrappage Fixed Assets 185,463 1.308 1,838 741 839 1.852 6,080 7.684 e.944 258 24,526 1,352 1,367 2.712 3,575 1,900 5,047 464 16,763 697 137,S27 49 1.257 700 505 2.680 6,425 5,583 808 12,605 1,458 778 1,920 2,316 309 16,995 212 271.410 197,123 lus for Y8ar 6,919 57.455 TEMPLEMORE USERS TRUST STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 301h SEPTEMBER 2018 Note$ 2018 2017 FlxÈd A88ets 39,612 55.016 Current Assets D8btor5 Cash 81 b8nk and in hand 5,956 644.798 11,461 58S,875 650.754 597,136 Creditors.. amounts falllng due withbn one year 45,405 14,110 Net Current Assets 605,349 583,026 Total assets less ¢urr•nt Ilabilitigs 644,961 638,(142 Capltal and R•$eryg8 General unrestricted funds 644,961 638.042 The notes at pages 7 to 9 form part of these accounts These financial statements have been prepared and delNered In acwrdance with the provision5 applicalA8 to companies, subject to the 5rnall compan￿S. reglme. Si9ned on b8hall of the board of directors Mr lah M McGonlgl• Dlre¢tor Approved Company Regi¥tratlon No N1027803 TEMPLEMORE USERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th SEPTEMBER 2018 ACCOUNTING POLICI Basls of AcGounUng The financial stst8rnents are prepared under the historical cost convention and comply with items recognised al cost or transaction value unless othetmse 8t8ted in the notes to the accounts. The Accounts hav8 bèen prepar￿ in accordance with th8 Staternenl of RecommoThJed Practice., Accounting and Reporting by Charities pr8paiing th8irAccounts in sccordanc8 wilh the Financial Rgporting Standard applicable in UK and Republic of Ireland {FRS1021 issued on 16 July 2014. Turnover Income of the charity represents monigs recelved from generating actlvities such as pool and fitn985 suite receipts and membershlps. Grants towards maintenance expenditu￿ and ggneial grants 818 treated as a source of income and are released lo the profit and loss account on a re￿Ipts basls (See Note 21 other in¢om8 comprise8 of interest and rent received and Is a¢mpany has tskèn advant8g8 ol the exemp￿On provided by Financial Reporting Standard 1 and ha5 not prepared 8 Cash Flow Statèment for the year. Fund Aecounting TheR ricted funds are to be used for spedfled purposes by ref8rence to Ihe tjonor. Expenditur8 whiGh me8t8 Ihis ciiteria is identified to the fund, togeth8r wlth a fair allocatlon of oveiheads and costs. es fepresenl other incoming ￿SourCeS ￿ceiVed or generdled for charitat￿e purp088s, eXpend8￿e at the discretion ol the TNslees In furtherance ol th8 objects of the Charlty. TEMPLEMORE USERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th SEPTEMBER 2018 GRANTS RECEIVABL 2018 2017 Belfast Glty Council Maintenance Grant Bèlfast city Council G6noral Grant 37,155 37,155 37,155 37,155 74,310 74,310 GIB New Heating Plant and Offic• Sy?tèm Equipm•nt Equlpment Total Cost orValuation- At 1st October 2017 125.079 178,845 4,985 308,889 Addlts"ons 2,520 2,520 Disposals 12,8381 12.8361 At 30th S•ptember 2018 125,079 178.527 4,￿5 308,571 Depreciatlon- At 1st October 2017 125,079 126,151 2.643 253,873 Charge for Year 16,763 464 17,227 On Disp08als 12,1411 12,1411 At 30th Stptembgr 2018 125,079 140,773 3,107 268,959 Net 8ook Value At 30th September 2018 37,754 1.858 39,612 Al 30th Septsmber 2017 52.893 2,322 5S.016 TEMPLEMORE USERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th SEPTEMBER 2018 SUNDRY D TORS A DPRE AYMENT 2018 2017 Insurance prepaid Tax Insurance prepard Rat85 prepaid Advertising and promotion prepaid Poollclass Bookings Interest and other debtors General Exp8n5es and Maintenan 6.800 132 80 60 1,863 1,571 955 132 90 2,030 1,8SS 1,809 5,956 11,481 DITO AND ACCRUAL 2018 2017 Victoria Park 8us Audit Fees Telephone Wages Membership Fees PAYE Ground Rent Ballk Fees Combined Insurance Rer¢t Swim Sthool Bookings on A¢¢oun£ 336 1,920 43 2.674 1.859 2,444 20 64 1.920 70 6,780 1,125 20 99 5,350 25,377 4,750 45,405 14.110 ACCU ULAT UND 2018 2017 Opening Balance 638,042 580,587 Surplus for Y8ar 6.919 57,455 Closlng Balanco 644,961 638,042 co ROLL The Managament of Templemor8 User8 Trust is carried out by the Board of Directors, who collectively contrd the Trust. G INTE