IRIS Accounts Production v23.3.1.45 Other Company accounts True false Pounds 1.4.22 31.3.23 31.3.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3162982022-03-31SC3162982023-03-31SC3162982022-04-012023-03-31SC3162982021-03-31SC3162982021-04-012022-03-31SC3162982022-03-31SC316298ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-04-012023-03-31SC316298ns11:Original2022-04-012023-03-31SC316298ns15:PoundSterlingns11:Original2022-04-012023-03-31SC316298ns11:Original2022-03-31SC316298ns11:Original2023-03-31SC316298ns11:Originalns11:FRS1022022-04-012023-03-31SC316298ns11:IndependentExaminationCharityns11:Original2022-04-012023-03-31SC316298ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-31SC316298ns11:Originalns11:FullAccounts2022-04-012023-03-31SC316298ns11:Originalns11:CharitiesSORP2022-04-012023-03-31SC316298ns11:Original2021-04-012022-03-31SC316298ns11:Originalns16:EnglandWales2022-04-012023-03-31SC316298ns11:Originalns11:RegisteredOffice2022-04-012023-03-31SC316298ns11:Originalns0:Trustee22022-04-012023-03-31SC316298ns11:Originalns0:Trustee32022-04-012023-03-31SC316298ns11:Originalns0:Trustee42022-04-012023-03-31SC316298ns11:Originalns0:Trustee52022-04-012023-03-31SC316298ns11:Originalns0:Trustee62022-04-012023-03-31SC316298ns0:Trustee7ns11:Original2022-04-012023-03-31SC316298ns0:Trustee8ns11:Original2022-04-012023-03-31SC316298ns11:Originalns0:Trustee12022-04-012023-03-31SC316298ns11:Originalns0:Trustee92022-04-012023-03-31SC316298ns11:Originalns11:CompanySecretary12022-04-012023-03-31SC316298ns11:Originalns0:TotalUnrestrictedFunds2022-04-012023-03-31SC316298ns11:Originalns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC316298ns11:Originalns0:Activity82022-04-012023-03-31SC316298ns11:Originalns0:Activity8ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC316298ns11:Originalns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC316298ns11:Originalns0:Activity82021-04-012022-03-31SC316298ns11:Originalns0:TotalUnrestrictedFunds2022-03-31SC316298ns11:Originalns0:TotalRestrictedIncomeFunds2022-03-31SC316298ns11:Original2021-03-31SC316298ns11:Originalns0:TotalUnrestrictedFunds2023-03-31SC316298ns11:Originalns0:TotalRestrictedIncomeFunds2023-03-31SC316298ns11:Original2022-03-31SC316298ns11:Originalns0:TotalUnrestrictedFundsns10:WithinOneYear2023-03-31SC316298ns11:Originalns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-03-31SC316298ns11:Originalns10:WithinOneYear2023-03-31SC316298ns11:Originalns10:WithinOneYear2022-03-31SC316298ns11:Originalns10:LandBuildingsns10:LongLeaseholdAssets2022-04-012023-03-31SC316298ns10:FurnitureFittingsToolsEquipmentns11:Original2022-04-012023-03-31SC316298ns11:Original22022-04-012023-03-31SC316298ns11:Originalns10:OwnedAssets2022-04-012023-03-31SC316298ns11:Originalns10:OwnedAssets2021-04-012022-03-31SC316298ns11:Originalns0:TotalUnrestrictedFunds2021-04-012022-03-31SC316298ns11:Originalns0:TotalRestrictedIncomeFunds2021-04-012022-03-31SC316298ns11:Originalns0:Activity8ns0:TotalUnrestrictedFunds2021-04-012022-03-31SC316298ns11:Originalns0:Activity8ns0:TotalRestrictedIncomeFunds2021-04-012022-03-31SC316298ns11:Originalns10:LandBuildingsns10:LongLeaseholdAssets2022-03-31SC316298ns11:Originalns10:FurnitureFittings2022-03-31SC316298ns11:Originalns10:FurnitureFittings2022-04-012023-03-31SC316298ns11:Originalns10:LandBuildingsns10:LongLeaseholdAssets2023-03-31SC316298ns11:Originalns10:FurnitureFittings2023-03-31SC316298ns11:Originalns10:LandBuildingsns10:LongLeaseholdAssets2022-03-31SC316298ns11:Originalns10:FurnitureFittings2022-03-31
REGISTERED COMPANY NUMBER: SC316298 (Scotland)
REGISTERED CHARITY NUMBER: 037019














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Moray Hydrotherapy Pool

Moray Hydrotherapy Pool






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 12

Moray Hydrotherapy Pool (Registered number: SC316298)

Report of the Trustees
for the Year Ended 31 March 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Aim of the company is the promotion of public health and welfare, in particular of those who may be socially excluded on account of disablement, ill health or other condition of need, by seeking to provide a hydrotherapy pool in Moray. Also, to promote the benefit of the inhabitants residing in the Council area of Moray and environs by associating the residents, voluntary organisations, health, education, sport, and local authorities in a common effort to provide facilities in the interest of health and social welfare for recreation and leisure time occupation with the object of improving the conditions of life for said inhabitants.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The finished pool opened to the public on time in April 2011. The charity has achieved its objectives and aims as set out above in this report.

The Health Centre has responded and a significant number of new users have indicated that the pool was recommended to them.

We have at last regained pre-Covid numbers of users, but it has been a struggle.
Covid and increased fuel costs threatened our continuation, but we have weathered the storm for the moment.

It will always be a struggle to maintain the pool, but it is a valuable asset for Moray and a continuing task to keep as high a profile as possible with local health professionals and keep reminding them of its value in promoting better mental health and physical performance. We are lucky that this is a hot topic at the moment and we should try and make the most of it.

FINANCIAL REVIEW
Principal funding sources
The charity relied on charitable donations to fund the initial project and continues to rely on such donations for part of its funding.

As noted above the pool was completed in March 2011. The cost of the building was donated by Springfield Properties plc with the equipment and fit out financed by charity. After completion, the building was valued at £500.000 for insurance purposes. On this basis the donated value of the building was £273,068 and this was recognised as a donation in the 2011 accounts. A figure £12,913 has been charged in this year's accounts in respect of depreciation on the building and equipment.

The main income this year apart has come from pool admissions and pool hirings. There has also been some very welcome donations and a small amount through gift aid. The main outgoings this year were the cost of lighting and heating, cost of lifeguards and the monthly maintenance payment to Moray Council. There was also the usual requirement for repairs.

The net result is a loss of £12,247 (before depreciation of £12,913) giving an overall deficit of £25,160. and any 2further losses will make it difficult to keep the pool open


Moray Hydrotherapy Pool (Registered number: SC316298)

Report of the Trustees
for the Year Ended 31 March 2023


FINANCIAL REVIEW
Reserves policy
The reserves represent the balance of the unrestricted funds arising from past numerous fund-raising activities. The trustees consider that the remaining reserves are only enough for the immediate, very short-term operational requirements. Due to inflation and increasing costs particularly energy costs, the Board recognizes it will be difficult to maintain financial viability.

The Trustees, being fully aware of this and having done due diligence are putting steps in place to try to generate additional income in an effort to bring this up to pre Covid levels. The Trustees are of the option that the current funding levels are sufficient to enable continuation for a further 12 months.

FUTURE PLANS
We explored the possibility of handing over the running of the pool to the Local Authority. This was discussed and debated at length and eventually it was decided that the current arrangement was the best option, particularly in relation to our charitable status and ability to apply for financial assistance if required.

Last month, we welcomed a new group - Affasair, who are chronic pain sufferers and they have taken a weekly slot for a year.

Talks have begun to establish a link between ourselves and the Leanchoil rehabilitation project, which should be operational in about 2 years time. This could be important for us. We must preserve and develop our valuable asset and to achieve this we must continue to spread our net and at the same time protect what is already functioning well.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 9 February 2007 and registered as a charity as at 1 April 2007. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

The activities of the unincorporated charity Moray Hydrotherapy Pool were transferred with effect from 1 April 2007.

Recruitment and appointment of new trustees
The directors of the charitable company ("the charity") are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. Under the requirements of the Memorandum and Articles of Association the members of the board are elected to serve for a period of three years, but shall be eligible for re-election.

The Board of Directors seeks to ensure that the needs of all the groups served by the charity are appropriately reflected through the diversity of the trustee body.

All the trustees are familiar with the practical work of the charity. All trustees are recruited from the local community and seek to contain a mix of local business people and interested parties. New trustees are made aware of their obligations, the operational framework of the charity, its current financial position and any future plans and objectives.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC316298 (Scotland)

Registered Charity number
037019

Registered office
121 High Street
Forres
IV36 0AB


Moray Hydrotherapy Pool (Registered number: SC316298)

Report of the Trustees
for the Year Ended 31 March 2023

Trustees
C Combe Civil Servant Retired
A Urquhart Retired (resigned 30.6.22)
K Carson
W MacPhail Retired (resigned 28.4.23)
D Mitchell Retired
Mrs G Thompson Retired
W J Adams Semi-Retired (deceased 10.8.23)
Dr J Anderson Retired
T Mcgarry Retired (appointed 24.11.22) (resigned 27.7.23)

Company Secretary
R & R Urquhart LLP

Independent Examiner
Gordon Scott
Chartered Accountants
Scottca Ltd
34 Ferryhill
Forres
Moray
IV36 2GY

Approved by order of the board of trustees on 24 November 2023 and signed on its behalf by:





Dr J Anderson - Trustee

Independent Examiner's Report to the Trustees of
Moray Hydrotherapy Pool

I report on the accounts for the year ended 31 March 2023 set out on pages five to twelve.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








Gordon Scott CA
The Institute of Chartered Accountants of Scotland

Gordon Scott
Chartered Accountants
Scottca Ltd
34 Ferryhill
Forres
Moray
IV36 2GY

29 November 2023

Moray Hydrotherapy Pool

Statement of Financial Activities
for the Year Ended 31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 5,263 - 5,263 6,763

Other trading activities 2 57,144 - 57,144 21,385
Investment income 3 37 - 37 4
Total 62,444 - 62,444 28,152

EXPENDITURE ON
Charitable activities
Charitable Activities 87,604 - 87,604 49,449

NET INCOME/(EXPENDITURE) (25,160 ) - (25,160 ) (21,297 )


RECONCILIATION OF FUNDS
Total funds brought forward 197,076 - 197,076 218,373

TOTAL FUNDS CARRIED FORWARD 171,916 - 171,916 197,076

Moray Hydrotherapy Pool (Registered number: SC316298)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 152,291 - 152,291 165,204

CURRENT ASSETS
Debtors 8 5,997 - 5,997 960
Cash at bank 24,691 - 24,691 41,639
30,688 - 30,688 42,599

CREDITORS
Amounts falling due within one year 9 (11,063 ) - (11,063 ) (10,727 )

NET CURRENT ASSETS 19,625 - 19,625 31,872

TOTAL ASSETS LESS CURRENT
LIABILITIES

171,916

-

171,916

197,076

NET ASSETS 171,916 - 171,916 197,076
FUNDS 10
Unrestricted funds 171,916 197,076
TOTAL FUNDS 171,916 197,076

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Moray Hydrotherapy Pool (Registered number: SC316298)

Balance Sheet - continued
31 March 2023

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


The financial statements were approved by the Board of Trustees and authorised for issue on 24 November 2023 and were signed on its behalf by:





J Anderson - Trustee

Moray Hydrotherapy Pool

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Long leasehold - 4% on cost
Fixtures and fittings - 20% on reducing balance and 10% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES
31.3.23 31.3.22
£    £   
Pool Admissions 27,416 9,761
Pool Hire 29,728 11,624
57,144 21,385


Moray Hydrotherapy Pool

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. INVESTMENT INCOME
31.3.23 31.3.22
£    £   
Deposit account interest 37 4

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.23 31.3.22
£    £   
Depreciation - owned assets 12,913 13,099

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 6,763 - 6,763

Other trading activities 21,385 - 21,385
Investment income 4 - 4
Total 28,152 - 28,152

EXPENDITURE ON
Charitable activities
Charitable Activities 49,449 - 49,449

NET INCOME/(EXPENDITURE) (21,297 ) - (21,297 )


RECONCILIATION OF FUNDS
Total funds brought forward 218,373 - 218,373

TOTAL FUNDS CARRIED FORWARD 197,076 - 197,076


Moray Hydrotherapy Pool

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 April 2022 and 31 March 2023 276,068 249,774 525,842
DEPRECIATION
At 1 April 2022 121,473 239,165 360,638
Charge for year 11,043 1,870 12,913
At 31 March 2023 132,516 241,035 373,551
NET BOOK VALUE
At 31 March 2023 143,552 8,739 152,291
At 31 March 2022 154,595 10,609 165,204

Buildings refer to the new purpose built property adjoining Forres Swimming Pool and Fitness Centre. The cost of the shell of the building was donated to the pool by a local company, Springfield Properties pic. The building with integral fittings and equipment was valued for insurance purposes at £500,000 and the valuation in excess of physical spend by the charity was deemed to be the value of the property donated.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 956 -
Prepayments and accrued income 5,041 960
5,997 960

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 905 560
VAT 412 1,010
Accrued expenses 9,746 9,157
11,063 10,727

10. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 197,076 (25,160 ) 171,916

TOTAL FUNDS 197,076 (25,160 ) 171,916

Moray Hydrotherapy Pool

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 62,444 (87,604 ) (25,160 )

TOTAL FUNDS 62,444 (87,604 ) (25,160 )


Comparatives for movement in funds

Net
movement At
At 1.4.21 in funds 31.3.22
£    £    £   
Unrestricted funds
General fund 218,373 (21,297 ) 197,076

TOTAL FUNDS 218,373 (21,297 ) 197,076

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 28,152 (49,449 ) (21,297 )

TOTAL FUNDS 28,152 (49,449 ) (21,297 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.21 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 218,373 (46,457 ) 171,916

TOTAL FUNDS 218,373 (46,457 ) 171,916

Moray Hydrotherapy Pool

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 90,596 (137,053 ) (46,457 )

TOTAL FUNDS 90,596 (137,053 ) (46,457 )

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.