2023-04-01 07893671 2024-03-31 07893671 2023-04-01 2024-03-31 07893671 uk-bus:Director1 2023-04-01 2024-03-31 07893671 uk-bus:Director1 2024-03-31 07893671 uk-bus:Director2 2023-04-01 2024-03-31 07893671 uk-bus:Director2 2024-03-31 07893671 uk-bus:Director4 2023-04-01 2024-03-31 07893671 uk-bus:Director4 2024-03-31 07893671 uk-bus:Director8 2023-04-01 2024-03-31 07893671 uk-bus:Director8 2024-03-31 07893671 uk-bus:Director9 2023-04-01 2024-03-31 07893671 uk-bus:Director9 2024-03-31 07893671 uk-bus:Director10 2023-04-01 2024-03-31 07893671 uk-bus:Director10 2024-03-31 07893671 2023-03-31 07893671 2022-04-01 2023-03-31 07893671 uk-char:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 07893671 uk-char:TotalUnrestrictedFunds 2023-04-01 2024-03-31 07893671 uk-core:WithinOneYear 2024-03-31 07893671 uk-core:WithinOneYear 2023-03-31 07893671 uk-core:AfterOneYear 2024-03-31 07893671 uk-core:AfterOneYear 2023-03-31 07893671 uk-char:TotalRestrictedIncomeFunds 2024-03-31 07893671 uk-char:TotalRestrictedIncomeFunds 2023-03-31 07893671 uk-char:TotalUnrestrictedFunds 2024-03-31 07893671 uk-char:TotalUnrestrictedFunds 2023-03-31 07893671 uk-core:Buildings 2023-04-01 2024-03-31 07893671 uk-char:FundraisingEvents 2022-04-01 2023-03-31 07893671 uk-char:FundraisingEvents 2023-04-01 2024-03-31 07893671 uk-char:StagingFundraisingEvents 2022-04-01 2023-03-31 07893671 uk-char:StagingFundraisingEvents 2023-04-01 2024-03-31 07893671 uk-char:Activity1 2023-04-01 2024-03-31 07893671 uk-char:Activity2 2023-04-01 2024-03-31 07893671 uk-char:Activity3 2023-04-01 2024-03-31 07893671 uk-char:Activity4 2023-04-01 2024-03-31 07893671 uk-char:Activity5 2023-04-01 2024-03-31 07893671 uk-char:Activity6 2023-04-01 2024-03-31 07893671 uk-char:Activity7 2023-04-01 2024-03-31 07893671 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2023-04-01 2024-03-31 07893671 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2022-04-01 2023-03-31 07893671 uk-char:TotalUnrestrictedFunds 2022-04-01 2023-03-31 07893671 uk-char:MaterialFund1 uk-char:TotalUnrestrictedFunds 2023-04-01 2024-03-31 07893671 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund2 2023-04-01 2024-03-31 07893671 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund5 2023-04-01 2024-03-31 07893671 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund2 2022-04-01 2023-03-31 07893671 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund5 2022-04-01 2023-03-31 07893671 uk-char:TotalRestrictedIncomeFunds 2022-04-01 2023-03-31 07893671 uk-char:MaterialFund2 uk-char:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 07893671 uk-char:MaterialFund5 uk-char:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure 07893671 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07893671 uk-bus:FRS102 2023-04-01 2024-03-31 07893671 uk-bus:FullAccounts 2023-04-01 2024-03-31
(England and Wales)
Company number: 07893671
Charity number: 1150235
Tenbury Community Pool Limited
For the year ended 31 March 2024
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 March 2024
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 14
Notes to the Financial Statements
3
For the year ended 31 March 2024
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 2024. 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 2024-2025 are to work: 1. With Freedom Leisure to secure a break-even business plan to 31 March 2025 to which all parties agree. Progress has been made with the energy saving improvements that have been made in 2023-2024 with more improvements planned for 2024-2025 2. To secure a successful, minimum 5-year contract with a preferred service provider from April 2025. 3. Consult with the residents of local parishes on what leisure and wellbeing services are needed for all including those less advantaged.4. To ensure the sustainability of Tenbury Swimming Pool with support from Malvern Hills District Council, Tenbury Town Council and charitable donations. uk-char:StrategiesForAchievingItsStatedAimsObjectives'
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. TCP and FL continued to work collaboratively to reduce the energy costs by changing the centre working practices, introduced as part of an agreed set of non-negotiables undertaken by the staff. In addition, TCP used the significant decarbonisation grant from Malvern Hills District Council and Tenbury Town Council and other donations to replace the two ageing gas boilers, added a third solar panel array and replaced the original swimming pool windows with double glazing units. Following a major water leak in the Severn Trent pipework TCP received a grant to replace the mains water supply with new pipework to and inside the building. TCP received a positive roof structural survey and have plans to introduce additional solar panels when funding is achieved. MHDC continued their funding for the successful Friday Night Project for two years. TCP received funding to subsidise swimming memberships for the Over 75 age group. TCP and FL worked with students from Napier University to review the centre's carbon footprint and to recommend additional changes.
Achievements against objectives
TCP hit gold with an award at the FL annual conference, by winning the environmental performance of the year award. Working together, FL and TCP have embraced their commitment to protect the environment with various innovative measures to reduce energy consumption. The FL quarterly reports for April 2023 to March 2024 showed a narrowing trading loss because of actions undertaken.Compared to the previous year there was a 33.7% saving on electricity costs and a small increase of 4.4% on gas costs due to installation issues for the new boilers and a significant reduction in the previous year. Solar installations have contributed to a 13.1% reduction in the centres overall electricity usage.
1 of 14
4
For the year ended 31 March 2024
Tenbury Community Pool Limited
Report of the Trustees Continued
FINANCIAL REVIEW
Reserves
On 31st March 2024 reserves stood at £21,175 (2023 £38,291). 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 in place between the current operator, FL, and the building owners, TCP. The Trustees aim to build reserves of £100,000 made up of major plant breakdown £60,000, energy surcharges £15,000, legal advice £5,000 and £20,000 for wind up costs in that eventuality.
Going concern
A major priority of TCP is to ensure a service provider is in place to support our members and customers from April 2025,
when the current agreement terminates. In past years MHDC has provided considerable financial support to TCP to ensure
financial sustainability. TCP and the service provider are working intensively to reduce operating costs and increase
membership to ensure ongoing trading viability. TCP aims to eliminate the need for financial support from MHDC as soon as
possible in the future.
TCP are working with key stakeholders to investigate the expansion of the facility and to increase the range of health and
wellbeing services offered to the community.
TCP will continue to work to achieve the outcomes of the 'Tenbury Community Pool Investing in a Greener and Sustainable
Future Project'. The findings of the Napier University Report and a Worcestershire County Council Report will help to identify
the next steps to reducing energy costs and the carbon footprint of the building.
Fundraising for future projects and for the annual costs of maintaining the facility continues in 2024/25.
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 registered 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
Association 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 Chair
Alan Dale 29 February 2011, 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, resigned 30 August 2023
Phillipa Jane Crabtree 17 December 2022, resigned 9 May 2023
David Hall 11 February 2023
The Trustees have not 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
2 of 14
5
For the year ended 31 March 2024
Tenbury Community Pool Limited
Report of the Trustees Continued
Worcs
WR15 8EN
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
David Hall
Phillipa Crabtree (Resigned on 09/05/2023)
(Appointed: 17 December 2022)
(Resigned: 09 May 2023)
Celia Adams
Independent examiner
Eastham Court
Eastham
Tenbury Wells
WR15 8NW
.............................................................................
Approved by the Board of Trustees and signed on its behalf by
03 August 2024
Mr Adrian Mark Taylor
3 of 14
6
For the year ended 31 March 2024
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 2024.
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
Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of , which
is one of the listed bodies.
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
03 August 2024
4 of 14
7
For the year ended 31 March 2024
Tenbury Community Pool Limited
Statement of Financial Activities (including Income and Expenditure Account)
Notes
2023
2024
Restricted
funds
Unrestricted
funds
£
£
£
£
Income and endowments from:
Donations and legacies
246,175
130,100
13,736
232,439
2
Other trading activites
5,283
3,017
-
5,283
3
Investments
884
149
-
884
4
Total
252,342
133,266
13,736
238,606
Expenditure on:
Raising funds
5
(518)
-
(518)
(125)
Charitable activities
(254,704)
(14,236)
(268,940)
(116,217)
6/7
Total
(269,458)
(116,342)
(14,236)
(255,222)
(17,116)
16,924
(500)
(16,616)
Net income/expenditure
Reconciliation of funds
Total funds brought forward
21,367
38,291
4,383
33,908
Total funds carried forward
17,292
3,883
21,175
38,291
5 of 14
8
07893671
Registered Number :
As at 31 March 2024
Tenbury Community Pool Limited
Statement of Financial Position
£
£
Notes
2024
2023
Current assets
4,742
2,806
11
Debtors
Cash at bank and in hand
58,404
44,408
63,146
47,214
Creditors: amounts falling due within one year
(40,527)
(5,544)
12
Net current assets
22,619
41,670
Total assets less current liabilities
22,619
41,670
Creditors: amounts falling due after more than one year
(1,444)
(3,379)
13
Net assets
21,175
38,291
The funds of the charity
Restricted income funds
14
3,883
4,383
Unrestricted income funds
14
17,292
33,908
Total funds
21,175
38,291
For the year ended 31 March 2024 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:
03 August 2024
Mr Adrian Mark Taylor
6 of 14
9
For the year ended 31 March 2024
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 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
2023
2024
Restricted
funds
Unrestricted
funds
£
£
£
£
Donations received
24,860
30,852
-
30,852
Grants received
105,240
215,323
13,736
201,587
130,100
246,175
13,736
232,439
7 of 14
10
For the year ended 31 March 2024
Tenbury Community Pool Limited
Notes to the Financial Statements Continued
Analysis of grants received
2024
2023
£
£
-
800
Baron Davenport's Charity
15,000
-
Bernard Sunley Foundation
4,400
-
Eveson Charitable Trust
-
92
Fundraising Platforms
-
1,075
Gift Aid recovered
215,323
68,580
Malvern Hills District Council
1,952
10,394
Other
2,000
-
RG Godson Trust
-
15,462
Tenbury Town Council
-
4,500
Tenbury Youth Club
5,000
10,000
The Burford Trust
-
500
The Godson Charity
2,500
2,000
The Gordon Gray Trust
-
5,927
The Hobson Charity
-
9,437
The National Lottery
-
1,333
Worcester County Council
130,100
246,175
3. Income earned from other activities
2023
2024
£
£
Unrestricted funds
Fund raising events
214
1,897
1,603
1,095
Solar panels
1,200
2,291
Rent and other charges to
Freedom Leisure
3,017
5,283
8 of 14
11
For the year ended 31 March 2024
Tenbury Community Pool Limited
Notes to the Financial Statements Continued
4. Investment income
2023
2024
£
£
Unrestricted funds
Bank interest receivable
884
149
149
884
Investment income arises from interest earned on the funds held in the deposit account.
5. Expenditure on other trading activities
2023
2024
£
£
Unrestricted funds
125
518
Fund raising events
518
125
6. Costs of charitable activities by fund type
2023
2024
Restricted
funds
Unrestricted
funds
£
£
£
£
36,121
-
10,834
36,121
Maintenance
114,196
-
22,662
114,196
Refurbishment and development
write off
4,828
-
3,626
4,828
Insurance
98,486
14,236
68,500
112,722
Donations to Freedom Leisure
-
-
10,454
-
Friday Night Project
452
-
-
452
Swimming for the elderly
515
-
-
515
Teaching equipment
106
-
141
106
Support costs
254,704
14,236
116,217
268,940
9 of 14
12
For the year ended 31 March 2024
Tenbury Community Pool Limited
Notes to the Financial Statements Continued
7. Costs of charitable activities by activity type
2023
2024
Support
costs
Activities
undertaken
directly
£
£
£
£
Support costs
Maintenance
36,121
-
36,121
10,834
Refurbishment and development
write off
114,196
-
114,196
22,662
Insurance
4,934
106
4,828
3,767
Donations to Freedom Leisure
112,722
-
112,722
68,500
Friday Night Project
-
-
-
10,454
Swimming for the elderly
452
-
452
-
Teaching equipment
515
-
515
-
268,834
106
268,940
116,217
8. Staff costs and emoluments
2024
2023
0
No employees
0
0
0
9. Comparative for the Statement of Financial Activities
2023
Restricted
funds
Unrestricted
funds
£
£
£
Income and endowments from:
Donations and legacies
130,100
14,400
115,700
Other trading activites
3,017
-
3,017
Investments
149
-
149
Total
133,266
14,400
118,866
Expenditure on:
Raising funds
(125)
-
(125)
Charitable activities
(105,763)
(10,454)
(116,217)
Total
(116,342)
(10,454)
(105,888)
16,924
3,946
12,978
Net income
Reconciliation of funds
Total funds brought forward
21,367
437
20,930
Total funds carried forward
33,908
4,383
38,291
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13
For the year ended 31 March 2024
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 2023
At 31 March 2024
311,670
Depreciation
311,670
At 01 April 2023
311,670
At 31 March 2024
Net book values
At 31 March 2024
At 31 March 2023
-
-
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
2024
2023
£
£
Amounts due within one year:
Trade debtors
1,530
-
Prepayments and accrued income
2,311
2,249
Other debtors
901
557
4,742
2,806
12. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
16,902
5,496
Accruals and deferred income
23,625
48
40,527
5,544
11 of 14
14
For the year ended 31 March 2024
Tenbury Community Pool Limited
Notes to the Financial Statements Continued
13. Creditors: amounts falling due after more than one year
2024
2023
£
£
Trade creditors
1,444
3,379
1,444
3,379
14. Movement in funds
Unrestricted Funds
Balance at
01/04/2023
Incoming
resources
Outgoing
resources
Balance at
31/03/2024
£
£
£
£
General
33,908
238,606
(255,222)
17,292
General
33,908
238,606
(255,222)
17,292
Unrestricted Funds - Previous year
Balance at
01/04/2022
Incoming
resources
Outgoing
resources
Balance at
31/03/2023
£
£
£
£
General
20,930
118,866
(105,888)
33,908
General
20,930
118,866
(105,888)
33,908
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
01/04/2023
Incoming
resources
Outgoing
resources
Balance at
31/03/2024
£
£
£
£
Arts Project
437
437
-
-
Friday Night Project
3,446
3,946
13,736
(14,236)
4,383
13,736
(14,236)
3,883
12 of 14
15
For the year ended 31 March 2024
Tenbury Community Pool Limited
Notes to the Financial Statements Continued
Restricted Funds - Previous year
Balance at
01/04/2022
Incoming
resources
Outgoing
resources
Balance at
31/03/2023
£
£
£
£
Arts Project
437
437
-
-
Friday Night Project
3,946
-
14,400
(10,454)
437
14,400
(10,454)
4,383
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.
Friday Night Project
Friday Night project is for all young people aged between 16 to 17 years old. The sessions include swimming sessions, fitness and social activities with support from YMCA Youth Workers and Freedom Leisure Gym and Lifeguards staff. It supports the health and wellbing of young people in Tenbury Wells.
15. Analysis of net assets between funds
Tangible
fixed assets
Net current
assets /
(liabilities)
Creditors >
one year
Net Assets
£
£
£
£
Unrestricted funds
General
-
18,736
(1,444)
17,292
General
Restricted funds
-
437
-
437
Arts Project
-
3,446
-
3,446
Friday Night Project
-
22,619
(1,444)
21,175
13 of 14
16
For the year ended 31 March 2024
Tenbury Community Pool Limited
Notes to the Financial Statements Continued
Previous year
Tangible
fixed assets
Net current
assets /
(liabilities)
Creditors >
one year
Net Assets
£
£
£
£
Unrestricted funds
General
-
37,287
(3,379)
33,908
General
Restricted funds
-
437
-
437
Arts Project
-
3,946
-
3,946
Friday Night Project
-
41,670
(3,379)
38,291
14 of 14