Tenbury Community Pool Limited,Ltd - AccountsChartiy- Accounts

TENBURY COMMUNITY POOL LIMITED - Company Information

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(England and Wales)

Company number: 07893671

Charity number: 1150235

Tenbury Community Pool Limited

For the year ended 31 March 2022

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 March 2022

Tenbury Community Pool Limited

Contents Page

1 to 3

Report of the Trustees

Independent Examiner's Report to the Trustees

Statement of Financial Activities

Statement of Financial Position

7 to 14

Notes to the Financial Statements

For the year ended 31 March 2022

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 2022. 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

Looking ahead the main objectives for 2021/2022 are:1. Working with FL to secure a break-even business plan to 31 March 2025 to which all parties agree. This is challenging but achievable with our exciting redeveloped Tenbury facility.2. Working with all the local and surrounding residents of local parishes on what leisure and wellbeing services are needed for all including those less advantaged than others.3. Working to develop additional facilities with local businesses.

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 facilities management operator from March 2015 currently to March 2025, are committed to delivering improvements by providing a modern facility which FL can promote on TCP's behalf. Last Year, TCP took advantage of the enforced closure of the facility, due to Covid, to push on with the building development and refurbishment of the facility to ensure the future of the Tenbury leisure facility. The customer response from everyone has been fantastic with increased participation particularly in the Swim School and a customer satisfaction NPA score that put our Tenbury Leisure Facility in the top 10 Freedom Leisure 100 plus UK wide facilities! The project was delivered by - 1 refurbishing the existing male and female 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;

Achievements against objectives

In April 2021, the centre was at all able to fully reopen after the full lifting of leisure industry covid-19 restrictions. Fund applications became available to TCP from September after covid restrictions had been lifted and the pool was open again. TCP were able to raise a further £93,482 (£68,476 paid by MHDC and donated by TCP to FL operating costs). This enabled TCP to source funds to purchase and install - 1 Spectator seats - funds from Worcester County Council and local supporters2 An automatic door to the family and accessible changing areas that was essential to keep the heat in the pool area - funds from the Eveson Charitable Trust 3 New radiators, boiler pump and pipes in the public toilets - funds from the Co-Op and various local donations have enabled the Friday Night Club for children aged 11-16 to remain open

1 of 14

For the year ended 31 March 2022

Tenbury Community Pool Limited

Report of the Trustees Continued

FINANCIAL REVIEW

Reserves

At 31 March 2022 reserves stood at £21,367. The TCP Trustees are responsible for all building repairs and any plant and equipment repairs and maintenance to keep the facility open of over £10,000 each under the Planned Preventative Maintenance schedule agreed between the current operator, Freedom Leisure, and the building owners, TCP. This includes the gym equipment supplied by FL on which the 5 year lease from Techogym Global expired at the end of January 2020.

Going concern

Fundraising for future projects and for the annual costs of maintaining the facility continues in 2022/23 with applications to

grant funders businesses and the general community for donations and contributions towards the centre's upkeep is

ongoing. Applications are made to grant funding bodies on a regular basis and to date over £20,000 has already been raised

in 2022/23.

For myself as the TCP Trustee chair for the last three years, I would love one of the other trustees to step forward to keep

the day to day reviews and future growth and marketing plans with Freedom Leisure up to date.

I am happy to continue as a TCP Trustee and help on future grant applications, and on any significant medium and long term

projects. This will include the 'Tenbury Community Pool Investing in a Greener and Sustainable Future Project' including new

pool windows. Plus working with partners in the community to invest in new or repurposed facilities in conjunction with

Tenbury Town Council, Tenbury Sports Clubs, Tenbury Scouts & Guides and negotiating an extension to our MHDC annual

grant to 2025/2026.

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.

Information relating to the Trustees is as follows

Adrian Taylor 20 July 2012

Alan Dale 29 February 2011 previously a Trustee of Tenbury and District Swimming Pool Guild for nearly 40

years.

Fiona Jane Jenner 30 July 2012 Treasurer

Barbara Selkirk 2 September 2019 Chair

None of the Trustees received any remuneration or benefits from the charity.

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

2 of 14

For the year ended 31 March 2022

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

Ms Barbara Selkirk

Celia Adams

Independent examiner

Eastham Court

Eastham

Tenbury Wells

WR15 8NW

.............................................................................

Approved by the Board of Trustees and signed on its behalf by

17 August 2022

Ms Barbara Selkirk

3 of 14

For the year ended 31 March 2022

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 2022.

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.

Celia Adams

Eastham Court

Eastham

Tenbury Wells

WR15 8NW

17 August 2022

4 of 14

For the year ended 31 March 2022

Tenbury Community Pool Limited

Statement of Financial Activities (including Income and Expenditure Account)

Notes

2021

2022

Restricted

funds

Unrestricted

funds

Income and endowments from:

Donations and legacies

90,557

117,176

90,557

Other trading activites

2,857

893

2,857

Investments

600

Other income

7,046

Total

93,482

125,715

93,482

Expenditure on:

Raising funds

(35)

(54)

Charitable activities

(80,513)

(387,180)

6/7

Total

(80,548)

(387,234)

(80,548)

12,934

(261,519)

12,934

Net income/expenditure

Reconciliation of funds

Total funds brought forward

269,952

8,433

437

7,996

Total funds carried forward

20,930

437

21,367

8,433

5 of 14

07893671

Registered Number :

As at 31 March 2022

Tenbury Community Pool Limited

Statement of Financial Position

Notes

2022

2021

Current assets

2,598

9,203

Debtors

Cash at bank and in hand

42,064

27,009

44,662

36,212

Creditors: amounts falling due within one year

(23,295)

(27,779)

Net current assets

21,367

8,433

Total assets less current liabilities

21,367

8,433

Net assets

21,367

8,433

The funds of the charity

Restricted income funds

437

Unrestricted income funds

20,930

7,996

Total funds

21,367

8,433

For the year ended 31 March 2022 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:

17 August 2022

Mr Adrian Mark Taylor

6 of 14

For the year ended 31 March 2022

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. At 31 March the Charity had sufficient reserves to pay its creditors, loans advanced by Trustees and insurance for the next 6 months.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives. It is the opinion of the directors that expenditure on the refurbishment and development of the facility should be written off in the year when it is incurred as it has no economic value.

100 Straight line

Land and buildings

2. Income from donations and legacies

2021

2022

Unrestricted funds

Donations received

25,591

18,045

Grants received

91,585

72,512

117,176

90,557

7 of 14

For the year ended 31 March 2022

Tenbury Community Pool Limited

Notes to the Financial Statements Continued

Analysis of grants received

2022

2021

7,031

ESC Lottery Fund

4,036

5,580

Eveson Charitable Trust

Fundraising Platforms

25,000

Garfield Weston Foundation

100

Georgina Franklin Jewellery

920

Gift Aid recovered

2,500

Kerry Ingredients

68,476

4,474

Malvern Hills District Council

6,585

5,449

Other

Soap Opera

250

Sponsor A Locker

50,000

Sports England

1,000

Taylors Property Developments

595

Teme Valley Business group

500

Teme Valley Electrical Supplies

500

Tenbury and District Art Club

381

Tenbury Mermaids

5,000

The Burford Trust

250

The Co-op

250

The Godson Charity

2,000

4,000

The Gordon Gray Trust

The Hair Shop

250

The Lodge of St Michael

1,000

The Provincial Worcester Masonic Chapter

3,156

The Trustees

1,460

600

Worcester County Council

117,176

90,557

3. Income earned from other activities

2021

2022

Unrestricted funds

Fund raising events

115

893

1,422

Solar panels

1,320

Rent and other charges to

Freedom Leisure

893

2,857

8 of 14

For the year ended 31 March 2022

Tenbury Community Pool Limited

Notes to the Financial Statements Continued

4. Investment income

2021

2022

Unrestricted funds

Bank interest receivable

600

Investment income arises from interest earned on the funds held in the deposit account.

5. Expenditure on other trading activities

2021

2022

Unrestricted funds

Fund raising events

6. Costs of charitable activities by fund type

2021

2022

Unrestricted funds

5,445

4,377

Maintenance

377,218

4,822

Refurbishment and development

write off

4,101

2,655

Insurance

416

68,476

Other

183

Support costs

387,180

80,513

9 of 14

For the year ended 31 March 2022

Tenbury Community Pool Limited

Notes to the Financial Statements Continued

7. Costs of charitable activities by activity type

2021

2022

Support

costs

Activities

undertaken

directly

Support costs

Maintenance

4,377

5,445

Refurbishment and development

write off

4,822

377,218

Insurance

2,838

183

2,655

4,101

Other

68,476

416

80,330

183

80,513

387,180

8. Staff costs and emoluments

2022

2021

No employees

9. Comparative for the Statement of Financial Activities

2021

Restricted

funds

Unrestricted

funds

Income and endowments from:

Donations and legacies

117,176

91,834

25,342

Other trading activites

893

Investments

600

Other income

7,046

Total

125,715

91,834

33,881

Expenditure on:

Raising funds

(54)

Charitable activities

(100,992)

(286,188)

(387,180)

Total

(387,234)

(286,188)

(101,046)

(261,519)

(194,354)

(67,165)

Net expenditure

Reconciliation of funds

Total funds brought forward

269,952

194,791

75,161

Total funds carried forward

7,996

437

8,433

10 of 14

For the year ended 31 March 2022

Tenbury Community Pool Limited

Notes to the Financial Statements Continued

10. Tangible fixed assets

Land and

buildings

Cost or valuation

311,670

At 01 April 2021

At 31 March 2022

311,670

Depreciation

311,670

At 01 April 2021

311,670

At 31 March 2022

Net book values

At 31 March 2022

At 31 March 2021

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.

11. Debtors

2022

2021

Amounts due within one year:

Trade debtors

112

Prepayments and accrued income

1,629

2,500

Other debtors

969

6,591

2,598

9,203

12. Creditors: amounts falling due within one year

2022

2021

Other creditors

23,295

10,000

Accruals and deferred income

17,779

23,295

27,779

11 of 14

For the year ended 31 March 2022

Tenbury Community Pool Limited

Notes to the Financial Statements Continued

13. Movement in funds

Unrestricted Funds

Balance at

01/04/2021

Incoming

resources

Outgoing

resources

Balance at

31/03/2022

General

7,996

93,482

(80,548)

20,930

General

7,996

93,482

(80,548)

20,930

Unrestricted Funds - Previous year

Balance at

01/04/2020

Incoming

resources

Outgoing

resources

Balance at

31/03/2021

General

75,161

33,881

(101,046)

7,996

General

75,161

33,881

(101,046)

7,996

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

01/04/2021

Incoming

resources

Outgoing

resources

Balance at

31/03/2022

Arts Project

437

12 of 14

For the year ended 31 March 2022

Tenbury Community Pool Limited

Notes to the Financial Statements Continued

Restricted Funds - Previous year

Balance at

01/04/2020

Incoming

resources

Outgoing

resources

Balance at

31/03/2021

Arts Project

437

Refurbishment and

development

194,354

91,834

(286,188)

194,791

91,834

(286,188)

437

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.

Refurbishment and development

For the refurbishment and development of the facility, the fund was used during the year.

14. Analysis of net assets between funds

Tangible

fixed assets

Net current

assets /

(liabilities)

Net Assets

Unrestricted funds

General

20,930

General

Restricted funds

437

Arts Project

21,367

13 of 14

For the year ended 31 March 2022

Tenbury Community Pool Limited

Notes to the Financial Statements Continued

Previous year

Tangible

fixed assets

Net current

assets /

(liabilities)

Net Assets

Unrestricted funds

General

7,996

General

Restricted funds

437

Arts Project

8,433

14 of 14