Charity registration number 1160663 (England and Wales)
Company registration number 06548736
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr B C Morgan
Mr M R Henley
Mr G P Kibblewhite
Mr P J Maclaren
Mrs J Kendall
Mrs A J Broadbent
Mr T P Mimnagh
Mr R M Udall
(Appointed 14 January 2025)
Secretary
Mr B C Morgan
Charity number
1160663
Company number
06548736
Day to day management
Mr A Massey
Registered office
Weir Lane
Lower Wick
Worcester
WR2 4AY
Independent examiner
Kendall Wadley LLP
Granta Lodge
71 Graham Road
Malvern
Worcestershire
WR14 2JS
Bankers
HSBC Bank Plc
6 Broad Street
Worcester
WR1 2EJ
Solicitors
Thursfields Solicitors
42 Foregate Street
Worcester
WR1 1EF
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5 - 6
Statement of cash flows
7
Notes to the financial statements
8 - 18
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "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)".

Objectives and activities

The Charity's objects are that of providing leisure facilities. The policies adopted in furtherance of these objects are providing leisure facilities for public use and the se have continued during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance

Income from swimming pool sources ha s increased by 1 0.7% to £693,128 and the surplus from the studio has increased by £10,074 to £37,337. All aspects of the pool performance have improved over the year and the trustees would like to give their thanks to the staff for their substantial support in achieving this.

Public swims continue to increase and we continue to monitor numbers in an effort to ensure that customers have the easiest access to the pool but without any overcrowding.

Swimming lessons continue as a success story with nearly 1,000 customers taking lessons. Again our thanks to staff for their work in making changes to timetabling enabling more swimmers to experience our excellent lessons.

The Fitness Studio continues to perform well with an increase in income of £10,860 resulting in an increase in the surplus of £10,074.

Financial review

Our net surplus has improved from £88,519 to £138,024 an increase of £49,505 of which the trustees are most pleased. However we are aware of the dangers of becoming complacent. Our overheads have increased by 14.9% from £541,524 to £621,962. With the increase in employers' National Insurance this year with that of minimum wage the trustees will continue to monitor the situation as regards price increases.

Total reserves are £682,130 (2024 - £544,106) of this £77,426 is restricted (2024 - £82,352) and £76,312 (2024 - £18,611) designated. The designated funds will be used to continue the programme of facility enhancement. The remaining £528,392 is unrestricted and of this amount £178,556 (2024 - £184,406) is represented by tangible fixed assets net of associated loan funding leaving £349,836 (2024- £258,737) as readily available reserves. This is within the preferred level of between three and six months overheads, and the trustees are satisfied that this will enable the Association to carry out the objectives of the charity.

The trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Structure, governance and management

The Charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association and is registered with the Charity Commission, Charity Registration No 1160663.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr B C Morgan
Mr M R Henley
Mr G P Kibblewhite
Mr P J Maclaren
Mrs J Kendall
Mrs A J Broadbent
Mr T P Mimnagh
Mr R M Udall
(Appointed 14 January 2025)

The Board have the statutory power to appoint new trustees under the terms of the Trust Deed and provide the necessary training in order that they may fulfil their obligations as Trustees.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Charity is governed by the Board of Trustees which is responsible for formulating the strategies and policies of the Charity including the approval of budgets and the exercising of financial controls.

Day to day management is delegated to and performed by the pool manager

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

The Trustees' r eport was approved by the Board of Trustees.

Mr B C Morgan
Trustee
Dated: 14 October 2025
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
- 3 -

I report to the trustees on my examination of the financial statements of The Worcester Citizens Swimming Bath Association (the Charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the Charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales, 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 Charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements 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 financial statements 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 financial statements to be reached.

Elizabeth Needham ACA CTA (VAT)
Kendall Wadley LLP
Granta Lodge
71 Graham Road
Malvern
Worcestershire
WR14 2JS
Dated: 14 October 2025
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
-
59,000
59,000
-
-
-
Charitable activities
4
693,128
-
693,128
626,124
-
626,124
Investments
5
7,858
-
7,858
3,919
-
3,919
Total income
700,986
59,000
759,986
630,043
-
630,043
Expenditure on:
Charitable activities
6
617,036
4,926
621,962
536,132
5,392
541,524
Total expenditure
617,036
4,926
621,962
536,132
5,392
541,524
Net income
83,950
54,074
138,024
93,911
(5,392)
88,519
Transfers between funds
12
59,000
(59,000)
-
-
-
-
Net movement in funds
142,950
(4,926)
138,024
93,911
(5,392)
88,519
Reconciliation of funds:
Fund balances at 1 April 2024
461,754
82,352
544,106
367,843
87,744
455,587
Fund balances at 31 March 2025
604,704
77,426
682,130
461,754
82,352
544,106

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 5 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
13
401,330
365,254
Current assets
Stocks
14
6,599
5,549
Debtors
15
22,650
9,216
Investments
16
155,000
100,000
Cash at bank and in hand
221,780
199,555
406,029
314,320
Creditors: amounts falling due within one year
17
(45,699)
(41,450)
Net current assets
360,330
272,870
Total assets less current liabilities
761,660
638,124
Creditors: amounts falling due after more than one year
18
(79,530)
(94,018)
Net assets
682,130
544,106
Income funds
Restricted funds
20
77,426
82,352
Unrestricted funds - general
Designated funds
21
76,312
18,611
General unrestricted funds
528,392
443,143
604,704
461,754
682,130
544,106
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 6 -

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 14 October 2025
Mr B C Morgan
Trustee
Company Registration No. 06548736
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
25
147,122
112,296
Investing activities
Purchase of tangible fixed assets
(62,800)
(11,183)
Purchase of investments
(55,000)
(100,000)
Investment income received
6,921
2,878
Net cash used in investing activities
(110,879)
(108,305)
Financing activities
Repayment of borrowings
(3,921)
(3,706)
Repayment of bank loans
(10,097)
(9,845)
Net cash used in financing activities
(14,018)
(13,551)
Net increase/(decrease) in cash and cash equivalents
22,225
(9,560)
Cash and cash equivalents at beginning of year
199,555
209,115
Cash and cash equivalents at end of year
221,780
199,555
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
1
Accounting policies
Charity information

The Worcester Citizens Swimming Bath Association is a private company limited by guarantee incorporated in England and Wales. The registered office is Weir Lane, Lower Wick, Worcester, WR2 4AY.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "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)". The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of activities.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.

THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 9 -

Direct charitable expenditure consists of all expenditure directly relating to the objects of the Association.

Expenditure is recognised on an accruals basis.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the independent examination fees and costs linked to the strategic management of the Charity.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Swimming pool & building
2.5%/4%/10% straight line basis
Fixtures, fittings & equipment
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Stocks

Stocks are stated at the lower of cost and net realisable value.

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Cash placed on long term deposit is treated as a current asset investment.

1.10
Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised. Financial assets classified as receivable within one year are not amortised.

THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 10 -
Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

The Charity operates a defined contributions pension scheme. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Contributions for the year amounted to £8,332 (2024 - £5,697).The assets of the scheme are held separately from those of the Charity in an independently administered fund.

Other contributions are made to the personal pension arrangements of certain staff.

2
Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Restricted
Restricted
funds
funds
2025
2024
£
£
Grants
59,000
-
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
4
Charitable activities

Leisure facilities

Leisure facilities

2025
2024
£
£

Sales within charitable activities

655,791
598,861

Fitness studio

59,459
48,599

Fitness studio expenditure

(22,122)
(21,336)
693,128
626,124
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
7,858
3,919
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
6
Charitable activities
Total
2025
Total
2024
£
£
Staff costs
435,293
376,913
Depreciation and impairment
26,724
28,188

Water rates

13,936
16,595

Insurance

21,083
20,216

Light and heat

48,990
38,051

Repairs and maintenance

18,583
16,688

Advertising and office supplies

3,543
4,675

Telephone

3,527
2,800

Sundry expenses

1,891
1,000

Subscriptions

4,950
5,627

Pool running expenses

20,606
13,220

Bank charges

8,736
4,091

Other interest paid

3,781
4,248

Staff training

4,631
4,704
616,274
537,016
Share of governance costs (see note 7)
5,688
4,508
621,962
541,524
Analysis by fund
Unrestricted funds - general
617,036
536,132
Restricted funds
4,926
5,392
621,962
541,524
7
Governance costs allocated to activities
2025
2024
£
£
Governance costs
5,688
4,508
Analysed between:
Operation of pool and facilities
5,688
4,508

Included in governance costs is £800 in respect of Independent Examination fees (2024 - £750), together with £3,650 (2024 - £3,300) in connection with the preparation of the statutory accounts.

8
Trustees

None of the trustees (or any persons connected with them) received any remuneration, expenses or benefits from the Charity during the year.

THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
9
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Pool Staff
36
37
Administration
2
2
Total
38
39
Employment costs
2025
2024
£
£
Wages and salaries
403,051
347,767
Social security costs
21,110
20,649
Other pension costs
11,132
8,497
435,293
376,913

During the year key personnel remuneration was £85,880 (2024 - £84,543)

There were no employees whose annual remuneration was more than £60,000.
10
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
11,132
8,497

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

11
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

12
Transfers

A grant of £59,000 was received towards the installation of solar panels, the project was completed and a transfer has been made from restricted funds to unrestricted - designated funds to reflect this.

THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
13
Tangible fixed assets
Swimming pool & building
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 April 2024
721,570
135,454
857,024
Additions
62,800
-
62,800
At 31 March 2025
784,370
135,454
919,824
Depreciation and impairment
At 1 April 2024
357,745
134,025
491,770
Depreciation charged in the year
26,210
514
26,724
At 31 March 2025
383,955
134,539
518,494
Carrying amount
At 31 March 2025
400,415
915
401,330
At 31 March 2024
363,825
1,429
365,254

14
Stocks
2025
2024
£
£
Goods held for resale and consumables
6,599
5,549
15
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
10,943
5,676
Other debtors
5,000
-
Prepayments and accrued income
6,707
3,540
22,650
9,216
16
Current asset investments
2025
2024
£
£
Cash on long term deposit
155,000
100,000
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
17
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
19
10,354
10,099
Other borrowings
11,287
11,072
Other taxation and social security
6,299
5,742
Trade creditors
5,261
3,453
Other creditors
89
-
Accruals and deferred income
12,409
11,084
45,699
41,450
18
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans
19
6,162
16,514
Other borrowings
73,368
77,504
79,530
94,018
19
Loans and overdrafts
2025
2024
£
£
Bank loans
16,516
26,613
Other loans
84,655
88,576
101,171
115,189
Payable within one year
21,641
21,171
Payable after one year
79,530
94,018
Amounts included above which fall due after five years:
Payable by instalments
54,669
59,667

A long term loan was received from Worcester City Council to enable the pool to be refurbished. The loan is unsecured, carries interest at 4% per annum and is repayable by instalments over a period of 20 years.

A bounce back loan of £50,000 was secured in October 2020 to assist with the impact of the Covid-19 pandemic. This loan is for 72 months with interest at 2.5%, the first 12 months of interest was covered by the government and the first repayment was made in month 13.

THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
20
Restricted funds

The restricted funds of the charity compri se the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be use d.

At 1 April 2024
Incoming resources
Resources expended
Transfers
At 31 March 2025
£
£
£
£
£
Roof Replacement Fund
71,705
-
(2,559)
-
69,146
Boiler Replacement Fund
10,647
-
(2,367)
-
8,280
Solar panel grant
-
59,000
-
(59,000)
-
82,352
59,000
(4,926)
(59,000)
77,426
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
Roof Replacement Fund
74,304
-
(2,599)
-
71,705
Boiler Replacement Fund
13,440
-
(2,793)
-
10,647
87,744
-
(5,392)
-
82,352
21
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2024
Incoming resources
Resources expended
Transfers
At 31 March 2025
£
£
£
£
£
Building Development Fund
18,611
98
(413)
-
18,296
Solar panel installation
-
-
(984)
59,000
58,016
General funds
443,143
700,888
(615,639)
-
528,392
461,754
700,986
(617,036)
59,000
604,704
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
Building Development Fund
19,024
-
(413)
-
18,611
General funds
348,819
630,043
(535,719)
-
443,143
367,843
630,043
(536,132)
-
461,754
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
22
Analysis of net assets between funds
Unrestricted funds
Designated funds
Restricted funds
Total
Unrestricted funds
Designated funds
Restricted funds
Total
2025
2025
2025
2025
2024
2024
2024
2024
£
£
£
£
£
£
£
£
Fund balances at 31 March 2025 are represented by:
Tangible assets
258,086
74,138
69,106
401,330
278,424
12,798
74,032
365,254
Current assets/(liabilities)
349,836
2,174
8,320
360,330
258,737
5,813
8,320
272,870
Long term liabilities
(79,530)
-
-
(79,530)
(94,018)
-
-
(94,018)
528,392
76,312
77,426
682,130
443,143
18,611
82,352
544,106
THE WORCESTER CITIZENS SWIMMING BATH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
23
Operating lease commitments

The amount recognised in the statement of financial activities as an expense in the period in respect of operating leases totalled £1,003 (2024 - £789).

24
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

25
Cash generated from operations
2025
2024
£
£
Surplus for the year
138,024
88,519
Adjustments for:
Investment income recognised in statement of financial activities
(7,858)
(3,919)
Depreciation and impairment of tangible fixed assets
26,724
28,188
Movements in working capital:
(Increase)/decrease in stocks
(1,050)
459
(Increase) in debtors
(12,497)
(3,364)
Increase in creditors
3,779
2,413
Cash generated from operations
147,122
112,296
26
Analysis of changes in net funds
At 1 April 2024
Cash flows
Other non-cash changes
At 31 March 2025
£
£
£
£
Cash at bank and in hand
199,555
22,225
-
221,780
Loans falling due within one year
(21,171)
14,018
(14,488)
(21,641)
Loans falling due after more than one year
(94,018)
-
14,488
(79,530)
84,366
36,243
-
120,609
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