REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 |
FOR |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 |
FOR |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
Page |
Report of the Trustees | 1 | to | 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 | to | 10 |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED (REGISTERED NUMBER: 08462254) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31ST MARCH 2024 |
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 31st 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 Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Context |
In April 2023, the start of our financial year, Richard Marshall, a key trustee, had died recently, leaving the charity with three trustees, two of whom were over ninety. One of the three trustees, Margaret Blakeley died in the summer of 2023. The Association was still reeling from the after effects of COVID and the decision of the Mytholmroyd Community Centre not to allow development of a pool in their car park. |
In September 2023, Nick Wilding and Dorothy Sutcliffe with help from Caroline Kindy and Maggie Smallwood, drew together a meeting of people interested in swimming. An outcome from this meeting was a draft vision and values document and people willing to drive development of an outdoor natural pool. |
At the 2023 Annual General meeting, the two surviving directors, Nick Wilding and Dorothy Sutcliffe resigned and successfully sought re-election. Louise Hepplestone, Clara Collett and Maggie Smallwood applied and were appointed as directors. The vision and values statement was adopted by the Charity and two priorities were identified for the coming year - community consultation and finding a site for a natural pool. |
Finding a site |
By January 2024, the board had agreed on a set of criteria against which we would score potential sites. Ideally we wanted a flattish site above the floodplain with sufficient space for a pool and some play space, near to centres of population, easily accessed by public transport but with some parking, few neighbours, likely to be allowed planning permission and where we could acquire the land at a reasonable cost. Our ambition was to have a shortlist of three sites by the summer of 2024. |
By March we had identified 14 potential sites within the Hebden Royd District and visited several of these. The key barriers were (1) finding land which people were prepared to sell, (2) accessibility and (3) planning issues. By March 2024 we had discarded four sites as impossible. We had started discussion with three land owners, including Calderdale Council, over the nine others and were seeking to find the owner of one more. |
Community Engagement |
The board recognised that we needed to engage with a wide range of community stakeholders over our new vision and values. This work was led by Louise Hepplestone. |
The launch of our Facebook page in January 2024 was met with huge enthusiasm attracting over a thousand followers within the first few days. In addition to our own page, we have posted occasionally on local groups in Mytholmroyd and Hebden Bridge. Whilst the response on Facebook has been overwhelmingly positive, we have had some negative comments from a few people who feel we should be trying to build an indoor heated pool |
We held focus groups with a wide range of stakeholders including secondary school children, sports groups, mothers and toddlers. The feedback from these groups has been consistently supportive and has helped us understand the priorities of different parts of the community. Stalls for instance in the town hall and Hebden Bridge cinema, have allowed us to engage with interested members of the general public, widening our network. |
At an early stage, we engaged with Hebden Disability Forum and have been taking their advice on both our communications and their thoughts on design for the pool. We will continue to engage with organisations representing people with limited mobility. |
Finally, we published an online consultation questionnaire which has given us quantitative and qualitative information on the needs and wishes of a range of potential users of the pool. |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED (REGISTERED NUMBER: 08462254) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31ST MARCH 2024 |
OBJECTIVES AND ACTIVITIES |
Policy |
The board have worked on development of policies for the safe and legal administration of the charity. In January 2024 a list of the policies we needed was agreed and by March 2024 policies for managing Safeguarding, Equality and Diversity, Finance, Procurement, Investment and Conflict of Interests, had been adopted. |
Communications |
We published a simple website in January 2024 and started to distribute a quarterly newsletter. Over the spring of 2024 we developed leaflets, boards and business cards for use at information stalls. A communications strategy was adopted in March 2024. |
Volunteers |
By March 2024 we had an active group of 22 members and volunteers who have been helping us with distributing leaflets, developing policy, running workshops and social media. |
FINANCIAL REVIEW |
Reserves policy |
The Charity is keeping its reserves until the swimming pool is built. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
Cresswells |
12 Market Street |
Hebden Bridge |
West Yorkshire |
HX7 6AD |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED |
Independent examiner's report to the trustees of Hebden Royd & District Swimming Pool Association Limited ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 examiner's 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: |
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 accounting 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. |
J Dakin |
Cresswells |
12 Market Street |
Hebden Bridge |
West Yorkshire |
HX7 6AD |
19th November 2024 |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31ST MARCH 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Investment income | 2 |
Total |
EXPENDITURE ON |
Raising funds | 3 |
Other |
Total |
Net gains/(losses) on investments | ( |
) |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 886,535 |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED (REGISTERED NUMBER: 08462254) |
BALANCE SHEET |
31ST MARCH 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 10 |
Unrestricted funds | 886,535 |
TOTAL FUNDS | 886,535 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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. |
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 |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. |
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £. |
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. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
2. | INVESTMENT INCOME |
2024 | 2023 |
£ | £ |
Other fixed asset invest - FII | 9,227 | 9,975 |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2024 |
3. | RAISING FUNDS |
Raising donations and legacies |
2024 | 2023 |
£ | £ |
Venue hire |
Advertising | 503 | - |
Support costs |
1,629 | - |
Investment management costs |
2024 | 2023 |
£ | £ |
Portfolio management | 9,606 | 8,811 |
Aggregate amounts | 11,235 | 8,811 |
4. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Venue hire | 306 | - |
5. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023. |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Investment income |
EXPENDITURE ON |
Raising funds |
Other |
Total |
Net gains/(losses) on investments | ( |
) | ( |
) |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2024 |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 962,134 | - |
TOTAL FUNDS CARRIED FORWARD | 886,535 | - | 886,535 |
7. | FIXED ASSET INVESTMENTS |
Listed |
investments |
£ |
MARKET VALUE |
At 1st April 2023 |
Additions |
Disposals | ( |
) |
Revaluations |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 | 876,534 |
At 31st March 2023 | 798,072 |
There were no investment assets outside the UK. |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Accrued expenses |
10. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.23 | in funds | 31.3.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 886,535 | 75,157 | 961,692 |
TOTAL FUNDS | 75,157 | 961,692 |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2024 |
10. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 29,227 | (11,235 | ) | 57,165 | 75,157 |
TOTAL FUNDS | ( |
) | 75,157 |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 962,134 | (75,599 | ) | 886,535 |
TOTAL FUNDS | 962,134 | (75,599 | ) | 886,535 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 9,975 | (9,256 | ) | (76,318 | ) | (75,599 | ) |
TOTAL FUNDS | 9,975 | (9,256 | ) | (76,318 | ) | (75,599 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 962,134 | (442 | ) | 961,692 |
TOTAL FUNDS | 962,134 | (442 | ) | 961,692 |
HEBDEN ROYD & DISTRICT SWIMMING POOL |
ASSOCIATION LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2024 |
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 | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 39,202 | (20,491 | ) | (19,153 | ) | (442 | ) |
TOTAL FUNDS | 39,202 | (20,491 | ) | (19,153 | ) | (442 | ) |
11. | RELATED PARTY DISCLOSURES |