Tenbury Community Pool Limited,Ltd - AccountsChartiy- Accounts

Tenbury Community Pool Limited,Ltd - AccountsChartiy- Accounts

TENBURY COMMUNITY POOL LIMITED - Company Information

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2019-04-01 07893671 2020-03-31 07893671 2019-04-01 2020-03-31 07893671 uk-bus:Director1 2019-04-01 2020-03-31 07893671 uk-bus:Director1 2020-03-31 07893671 uk-bus:Director2 2019-04-01 2020-03-31 07893671 uk-bus:Director2 2020-03-31 07893671 uk-bus:Director4 2019-04-01 2020-03-31 07893671 uk-bus:Director4 2020-03-31 07893671 uk-bus:Director7 2019-04-01 2020-03-31 07893671 uk-bus:Director7 2020-03-31 07893671 uk-bus:Director8 2019-04-01 2020-03-31 07893671 uk-bus:Director8 2020-03-31 07893671 2019-03-31 07893671 2018-01-01 2019-03-31 07893671 uk-char:TotalRestrictedIncomeFunds 2019-04-01 2020-03-31 07893671 uk-char:TotalUnrestrictedFunds 2019-04-01 2020-03-31 07893671 uk-core:WithinOneYear 2020-03-31 07893671 uk-core:WithinOneYear 2019-03-31 07893671 uk-char:TotalRestrictedIncomeFunds 2020-03-31 07893671 uk-char:TotalRestrictedIncomeFunds 2019-03-31 07893671 uk-char:TotalUnrestrictedFunds 2020-03-31 07893671 uk-char:TotalUnrestrictedFunds 2019-03-31 07893671 uk-char:FundraisingEvents 2018-01-01 2019-03-31 07893671 uk-char:FundraisingEvents 2019-04-01 2020-03-31 07893671 uk-char:FundraisingEvents uk-char:TotalRestrictedIncomeFunds 2019-04-01 2020-03-31 07893671 uk-char:FundraisingEvents uk-char:TotalUnrestrictedFunds 2019-04-01 2020-03-31 07893671 uk-char:StagingFundraisingEvents 2018-01-01 2019-03-31 07893671 uk-char:StagingFundraisingEvents 2019-04-01 2020-03-31 07893671 uk-char:Activity1 2019-04-01 2020-03-31 07893671 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2019-04-01 2020-03-31 07893671 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2018-01-01 2019-03-31 07893671 uk-char:TotalUnrestrictedFunds 2018-01-01 2019-03-31 07893671 uk-char:MaterialFund1 2019-04-01 2020-03-31 07893671 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund1 2019-04-01 2020-03-31 07893671 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund3 2019-04-01 2020-03-31 07893671 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund2 2019-04-01 2020-03-31 07893671 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund1 2018-01-01 2019-03-31 07893671 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund2 2018-01-01 2019-03-31 07893671 uk-char:TotalRestrictedIncomeFunds 2018-01-01 2019-03-31 07893671 uk-char:MaterialFund2 2019-04-01 2020-03-31 07893671 uk-char:MaterialFund3 2019-04-01 2020-03-31 iso4217:GBP xbrli:pure 07893671 uk-bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 07893671 uk-bus:FRS102 2019-04-01 2020-03-31 07893671 uk-bus:FullAccounts 2019-04-01 2020-03-31
(England and Wales)
Company number: 07893671
Charity number: 1150235
Tenbury Community Pool Limited
For the year ended 31 March 2020
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 March 2020
Tenbury Community Pool Limited
Contents Page
1 to 3
Report of the Trustees
4
Independent Examiner's Report to the Trustees
5
Statement of Financial Activities
6
Statement of Financial Position
7 to 13
Notes to the Financial Statements
3
For the year ended 31 March 2020
Tenbury Community Pool Limited
Report of the Trustees
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the
financial statements for the charitable company for the year ended 31 March 2020. The Trustees have adopted the
provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS
102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
Tenbury Community Pool ("TCP") and Freedom Leisure ("FL", TCP's appointed operator until March 2025) are committed to delivering improvements by providing a modern facility which FL can promote on TCP's behalf. To ensure the future of the leisure facility, there is need for financial investment in both the development of the building and the equipment needed to implement the wide range of activities TCP and FL wish to offer. The project has five aims: 1 To provide a modern leisure centre that promotes and provides activities for health, wellbeing and fitness for all members of the family; 2 To increase the range of activities offered which will lead to regular participation by all age groups; 3 To increase the annual income through additional membership numbers: 4 To reduce energy costs, to make the centre more energy efficient and to reduce the annual CO2 output; 5 To make the facility fully accessible to all users. The aims will be achieved by 1 refurbishing the existing changing rooms; 2 re-siting the staff office and reception close to the main entrance; 3 providing accessible and family changing with direct access to the pool in place of the old office; 4 increasing the size of the gym; 5 providing a multi-use exercise and community studio; 6 reducing energy costs by providing a new heating control system and replacement triple glazed windows in the main building and new build. A full consultaion process with the local and wider community has been undertaken to ensure that the refurbishment reflects the needs of the community and members.
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4
For the year ended 31 March 2020
Tenbury Community Pool Limited
Report of the Trustees Continued
Achievements against objectives
During the year the s106 funds from Malvern Hills District Council of £199,292 and a flood grant of £2,500 were received. The £50,000 grant from Sports England was also secured. Details of other grants and donations are in note 2. The project to refurbish and extend the facility started on 1 June 2020. It was decided to bring the project forward as the facilty was closed due to the Covid pandemic. The faciltiy re-opened on 12 October with customers expressing their delight at the modern changing rooms, new studio, extended gym, updated reception area and new family and accessible changing facilities. Unfortunatley the facility then had to close from 4 November due to the second lockdown. It then reopened on 2 December. The Trustees would like to thank all those who have given donations, organised and attended fundraising events during the year.
FINANCIAL REVIEW
Significant events
Applications for grants, requests for donations and fundraising continued during the year. Total income of £221,748 was received.
Reserves
At 31 March 2020 reserves stood at £269,952. Fundraising for the project and for the annual costs of maintaining the facility will continue in 2020 with requests to businesses and the general community for donations and contributions towards the project. Applications will continue to be made to grant funding bodies.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Tenbury Community Pool Limited is a company limited by guarantee and is governed by its Memorandum and Articles of
Association. Copies of the Memorandum and Articles of Association are available from Companies House or from the
Company's regsistered office. During the year the Articles of Association were amended to reflect equal opportunities and to
ensure that the Trustees retire by rotation. The company is registered as a charity with the Charities Commission.
Recruitment and Appointment of Trustees
The Directors of the company are also charity Trustees for the purpose of charity law. The Memorandum and Articles of
Asociation state that trustees are elected to serve for a period of three years and must then retire from office. That Trustee is
then entitled to seek re-appointment if he has given notice of his willingness to do so to the other Trustees.
REFERENCE AND ADMINISTRATIVE INFORMATION
Tenbury Community Pool Limited
Name of Charity
Charity registration number
1150235
07893671
Company registration number
Redroofs
Principal address
Berrington Road
Tenbury Wells
Worcs
WR15 8EN
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5
For the year ended 31 March 2020
Tenbury Community Pool Limited
Report of the Trustees Continued
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr Adrian Mark Taylor
Mr Alan James Dale
Mrs Fiona Jenner
Mr Michael John Webb (Resigned on 12/12/2019)
(Resigned: 12 December 2019)
Ms Barbara Selkirk (appointed on 02/09/2019)
(Appointed: 02 September 2019)
David Baker
Independent examiner
6 St Marys Close
Tenbury Wells
WR15 8ES
.............................................................................
Approved by the Board of Trustees and signed on its behalf by
08 January 2021
Mr Alan James Dale
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6
For the year ended 31 March 2020
Tenbury Community Pool Limited
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2020.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination
giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the
accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended
Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Baker
6 St Marys Close
Tenbury Wells
WR15 8ES
08 January 2021
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7
For the year ended 31 March 2020
Tenbury Community Pool Limited
Statement of Financial Activities (including Income and Expenditure Account)
Notes
2019
2020
Restricted
funds
Unrestricted
funds
£
£
£
£
Income and endowments from:
Donations and legacies
217,272
45,933
201,792
15,480
2
Other trading activites
3,479
4,966
1,933
1,546
3
Investments
997
46
-
997
4
Total
221,748
50,945
203,725
18,023
Expenditure on:
Raising funds
5
(222)
-
(222)
(16)
Charitable activities
(31,434)
(9,844)
(41,278)
(6,997)
6/7
Total
(41,500)
(7,013)
(9,844)
(31,656)
Transfers between funds
-
-
(3,000)
3,000
Net movement in funds
180,248
43,932
190,881
(10,633)
Reconciliation of funds
Total funds brought forward
45,772
89,704
3,910
85,794
Total funds carried forward
75,161
194,791
269,952
89,704
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8
07893671
Registered Number :
As at 31 March 2020
Tenbury Community Pool Limited
Statement of Financial Position
£
£
Notes
2020
2019
Fixed assets
Tangible assets
-
482
12
-
482
Current assets
429
360
13
Debtors
Cash at bank and in hand
282,228
88,862
282,657
89,222
Creditors: amounts falling due within one year
(12,705)
-
14
Net current assets
269,952
89,222
Total assets less current liabilities
269,952
89,704
Net assets
269,952
89,704
The funds of the charity
Restricted income funds
15
194,791
3,910
Unrestricted income funds
15
75,161
85,794
Total funds
269,952
89,704
For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
08 January 2021
Mr Adrian Mark Taylor
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9
For the year ended 31 March 2020
Tenbury Community Pool Limited
Notes to the Financial Statements
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. Tenbury Community Pool Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
The Trustees consider that the Charity has sufficient reserves to continue as a going concern for the forseeable future.
2. Income from donations and legacies
2019
2020
Restricted
funds
Unrestricted
funds
£
£
£
£
Donations received
45,933
15,480
-
15,480
Grants received
-
201,792
201,792
-
45,933
217,272
201,792
15,480
Analysis of grants received
2020
2019
£
£
200
300
Blakemore Foundation
50
-
Eastham Parish Council
1,000
-
Groundwork UK
-
25
Lindridge Parish Council
864
-
Making a Difference Locally
201,792
-
Malvern Hills District Council
7,635
10,301
Other
-
300
St Michaels Singers
-
553
The Agricultural Society
5,000
33,000
The Burford Trust
731
123
TSB
-
700
Worcestershire County Council
45,302
217,272
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10
For the year ended 31 March 2020
Tenbury Community Pool Limited
Notes to the Financial Statements Continued
3. Income earned from other activities
2019
2020
Restricted
funds
Unrestricted
funds
£
£
£
£
Fund raising events
4,966
2,145
1,933
212
-
1,334
-
1,334
Solar panels
4,966
3,479
1,933
1,546
4. Investment income
2019
2020
£
£
Unrestricted funds
Bank interest receivable
997
46
46
997
Investment income arises from interest earned on the funds held in the deposit account.
5. Expenditure on other trading activities
2019
2020
£
£
Unrestricted funds
16
222
Fund raising events
222
16
6. Costs of charitable activities by fund type
2019
2020
Restricted
funds
Unrestricted
funds
£
£
£
£
31,406
9,844
6,876
41,250
Maintenance
28
-
121
28
Support costs
31,434
9,844
6,997
41,278
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11
For the year ended 31 March 2020
Tenbury Community Pool Limited
Notes to the Financial Statements Continued
7. Costs of charitable activities by activity type
2019
2020
Support
costs
Grant
funding of
activities
Activities
undertaken
directly
£
£
£
£
£
Support costs
Maintenance
41,278
28
9,371
31,879
6,997
8. Analysis of support costs
2019
2020
£
£
Maintenance
Administrative
28
121
9. Net income/(expenditure) for the year
This is stated after charging/(crediting):
2020
2019
£
£
Depreciation of owned fixed assets
9,371
-
10. Staff costs and emoluments
2020
2019
0
0
0
0
11. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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12
For the year ended 31 March 2020
Tenbury Community Pool Limited
Notes to the Financial Statements Continued
12. Tangible fixed assets
Land and
buildings
Cost or valuation
£
482
At 01 April 2019
8,889
Additions
At 31 March 2020
9,371
Depreciation
Charge for year
9,371
9,371
At 31 March 2020
Net book values
At 31 March 2020
At 31 March 2019
-
482
The company took over the lease, on 20 March 2017, for the land on which the pool was built. The lease is for 999 years
from 25 March 1967. At 20 March 2017 the buildings were valued at £500,000. During 2019 and 2020 £9,371 was spent
on the refurbishment and development of the facility. Under the lease from Tenbury Town Council the facility must only be
used as a swimming pool with gym and associated activities. It is the opinion of the directors that the expenditure on the
reburbishment and development should be written off when incurred as it has no economic value.
13. Debtors
2020
2019
£
£
Amounts due within one year:
Prepayments and accrued income
429
360
429
360
14. Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
12,705
-
12,705
-
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13
For the year ended 31 March 2020
Tenbury Community Pool Limited
Notes to the Financial Statements Continued
15. Movement in funds
Unrestricted Funds
Balance at
01/04/2019
Incoming
resources
Outgoing
resources
Transfers
Balance at
31/03/2020
£
£
£
£
£
General
85,794
18,023
(31,656)
3,000
75,161
General
85,794
18,023
(31,656)
3,000
75,161
Unrestricted Funds - Previous year
Balance at
01/01/2018
Incoming
resources
Outgoing
resources
Transfers
Balance at
31/03/2019
£
£
£
£
£
General
41,862
50,945
(7,013)
-
85,794
General
41,862
50,945
(7,013)
-
85,794
Purpose of unrestricted Funds
General
To maintain the fabric of the facility, in particular, to pay for property insurance as well as repairs and maintenance in excess of £12,000.
Restricted Funds
Balance at
01/04/2019
Incoming
resources
Outgoing
resources
Transfers
Balance at
31/03/2020
£
£
£
£
£
Arts Project
437
910
-
(473)
-
Refurbishment and
development
194,354
-
203,725
(9,371)
-
Window glazing
replacement
-
3,000
-
-
(3,000)
3,910
203,725
(9,844)
(3,000)
194,791
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14
For the year ended 31 March 2020
Tenbury Community Pool Limited
Notes to the Financial Statements Continued
Restricted Funds - Previous year
Balance at
01/01/2018
Incoming
resources
Outgoing
resources
Transfers
Balance at
31/03/2019
£
£
£
£
£
Arts Project
910
910
-
-
-
Window glazing
replacement
3,000
3,000
-
-
-
3,910
-
-
-
3,910
Purpose of restricted funds
Arts Project
A creative arts project to encourage the young people in Tenbury Wells to create murals and carry out art projects.
Window glazing replacement
These funds were originally provided by Groundwork UK through the Tesco fundraising campaign for effiicient glazing in the pool area. During the year a new control panel was needed for the pool. Groundwork UK agreed that the donation could be used to help to pay for the new control panel. The £3,000 donation was transferred out of this fund and into the general fund.
Refurbishment and development
For the refurbishment and development of the facility
16. Analysis of net assets between funds
Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
Unrestricted funds
General
-
75,161
75,161
General
Restricted funds
-
437
437
Arts Project
-
194,354
194,354
Refurbishment and
development
-
269,952
269,952
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15
For the year ended 31 March 2020
Tenbury Community Pool Limited
Notes to the Financial Statements Continued
Previous year
Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
Unrestricted funds
General
482
85,312
85,794
General
Restricted funds
-
910
910
Arts Project
-
3,000
3,000
Window glazing
replacement
482
89,222
89,704
17. Commitments
Capital commitments
At the year end the Trustees were in discussion with a building contractor for a contract of £356,000 (excluding VAT). The
contract was for the refurbishment of the existing changing rooms, new family and accessible changing facilities, an
extension to the gym, new office, reception and studio.
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