IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2088832023-03-31SC2088832024-03-31SC2088832023-04-012024-03-31SC2088832022-03-31SC2088832022-04-012023-03-31SC2088832023-03-31SC208883ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-31SC208883ns15:PoundSterling2023-04-012024-03-31SC208883ns11:FRS1022023-04-012024-03-31SC208883ns11:IndependentExaminationCharity2023-04-012024-03-31SC208883ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC208883ns11:FullAccounts2023-04-012024-03-31SC208883ns11:CharitiesSORP2023-04-012024-03-31SC208883ns16:EnglandWales2023-04-012024-03-31SC208883ns11:RegisteredOffice2023-04-012024-03-31SC208883ns0:Trustee22023-04-012024-03-31SC208883ns0:Trustee32023-04-012024-03-31SC208883ns0:Trustee42023-04-012024-03-31SC208883ns0:Trustee12023-04-012024-03-31SC208883ns0:Trustee52023-04-012024-03-31SC208883ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC208883ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC208883ns0:Activity82023-04-012024-03-31SC208883ns0:TotalUnrestrictedFundsns0:Activity82023-04-012024-03-31SC208883ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC208883ns0:Activity82022-04-012023-03-31SC208883ns0:TotalUnrestrictedFunds2023-03-31SC208883ns0:TotalRestrictedIncomeFunds2023-03-31SC208883ns0:TotalUnrestrictedFunds2024-03-31SC208883ns0:TotalRestrictedIncomeFunds2024-03-31SC208883ns10:WithinOneYear2024-03-31SC208883ns10:WithinOneYear2023-03-31SC208883ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-04-012024-03-31SC208883ns10:FurnitureFittingsToolsEquipment2023-04-012024-03-31SC20888322023-04-012024-03-31SC20888312023-04-012024-03-31SC20888312022-04-012023-03-31SC208883ns10:OwnedAssets2023-04-012024-03-31SC208883ns10:OwnedAssets2022-04-012023-03-31SC208883ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC208883ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC208883ns0:TotalUnrestrictedFundsns0:Activity82022-04-012023-03-31SC208883ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC208883ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-03-31SC208883ns10:FurnitureFittings2023-03-31SC208883ns10:FurnitureFittings2023-04-012024-03-31SC208883ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-03-31SC208883ns10:FurnitureFittings2024-03-31SC208883ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-03-31SC208883ns10:FurnitureFittings2023-03-31
REGISTERED COMPANY NUMBER: SC208883 (Scotland)
REGISTERED CHARITY NUMBER: SC030350














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31st March 2024

for

Assynt Leisure
(A Company Limited by Guarantee)

Assynt Leisure

Contents of the Financial Statements
for the year ended 31st March 2024










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 17

Assynt Leisure (Registered number: SC208883)

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
Objectives and aims
The objective of Assynt Leisure is to run a multi-purpose facility which includes a sports hall and gym, a youth area for socialising and educational support, and a learning centre with IT equipment and Internet access to promote lifelong learning. The Charity endeavours to promote physical, psychological and social well-being by providing opportunity to:

- Access training,
- Improve educational attainments,
- Enhance self-esteem,
- Build self-confidence,
- Develop individual potential,
- Interact with other communities through participation in country and regional events, and-
- Foster social cohesion and community spirit.

Achievement and performance
Assynt Leisure continued to provide affordable access to sports, learning and social opportunities for the local community and visitors to the area. The Centre's new gym has proven popular following the successful application for Community Regeneration Funding. The need for this had been informed by a community survey of facilities previously carried out as well as engagement with a group of youngsters. New procedures have been adopted in order to support and manage customer's use of the new facilities. Out-of-hours access arrangements have been formalised and involve a number of members of the community who have signed up to use the gym.

The Centre offers physical recreation for local children and youths including weekly coached sessions of multi-sport, after-school clubs and holiday provision during Easter, Summer, and October. The Primary School continue to use the space to provide Physical Education to local pupils. Local group ACCYP were also able to provide monthly and holiday club sessions throughout the year.

A wide range of fitness classes was provided for adults of all ages and abilities including Kettlercise, Zumba, Yoga, Boogie Bounce, group cycling, and over 50s fitness. Assynt Indoor Bowls continued with weekly sessions throughout the winter season and held local tournaments. The Badminton and Football Clubs held regular sessions over the winter period, with a regional Badminton tournament organised over the winter.

Following the successful delivery of the Cludgy project, overnight parking spaces for Motorhome users continued to generate a small income for the centre to support activities for the community. Service users have been enabled to pay easily and quickly using QR codes, allowing the ability to pay for facilities out of hours. In addition, the Assynt Food Larder has continued to support individuals and families over the last year. Elsewhere a number of funding applications have been submitted with a view to delivering projects during 2024/25 and beyond.


Assynt Leisure (Registered number: SC208883)

Report of the Trustees
for the year ended 31st March 2024


Financial review
Reserves policy
Assynt Leisure aims to maintain at least a minimum reserve equivalent to 3 months' average expenditure (currently approximately £30,000).

The actual free reserves at 31 March 2024 were in Deficit of £1,826 (2023 - Deficit £1,689).

Future plans
Assynt Leisure will undertake to develop and vary the range of recreational and educational opportunities available to the community at the Centre. It is acknowledged that the reserves position must improve and directors will endeavour to improve the financial security of the Charity and further develop community involvement in its operation. Assynt Leisure will build on its successful fundraising in recent years by continuing to apply for funding to grow the range of services on offer. The new gym and cludgy facilities have increased footfall in recent months.

Fundraising will be particularly targeted at those services which can improve the attractiveness of membership and participation at the Centre to enable further income to be generated. Furthermore, the Board will explore opportunities to generate more income by maximising the number of memberships and paid activities. Assynt Leisure will use digital tools to improve the ability of customers to pay for a wider range of services. Charges for different services will be reviewed to ensure that these cover costs and contribute towards improving the reserves position. These will be monitored more frequently. Similarly, all regular outgoings will be benchmarked to ensure value for money.

Structure, governance and management
Governing document
Assynt Leisure is a company limited by guarantee governed by its Memorandum and Articles of Association dated 7 July 2000, company number 208883, a copy of this document "certificate of incorporation of a private limited company" and signatories is held on file at Assynt Leisure Sport, Youth and Learning Centre and is available on request.

Recruitment and appointment of new trustees
An Annual General Meeting is called every year in the month of May, trustees who have been on the board for 3 years are required to stand down but can be re-elected by members. Individuals in the community with expertise which would help in the successful running of the company, and therefore Assynt Leisure Centre, can be approached prior to the Annual General Meetings to see if they would be willing to stand for election to the Board of trustees. If agreeable a proposal would be made in writing by a member and this would be seconded at the Annual General Meeting. At the first board meeting after the Annual General Meeting a chairperson would be elected from the new board of trustees.

Induction and training of new trustees
At the first meeting after an Annual General Meeting, new trustees are asked to complete registration forms for Companies House. Information regarding the day-to-day running of Assynt Leisure is made available via the Centre Manager. This includes sharing information such as the centre's business plan. Designated responsibilities are given to individual trustees eg. health & safety, human resources, fund raising, child protection, Treasurer and Company Secretary. Previous position holders pass on any relevant information.

Reference and administrative details
Registered Company number
SC208883 (Scotland)

Registered Charity number
SC030350


Assynt Leisure (Registered number: SC208883)

Report of the Trustees
for the year ended 31st March 2024


Registered office
Culag New Pier
Lochinver
Lairg
Sutherland
IV27 4JP

Trustees
M H Hutchison
R Kerr
H Macdonald
A Macleod
D Spencer

Independent Examiner
Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Approved by order of the board of trustees on 27th March 2025 and signed on its behalf by:





A Macleod - Trustee

Independent Examiner's Report to the Trustees of
Assynt Leisure



I report on the accounts for the year ended 31st March 2024 set out on pages five to seventeen.

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.








Stuart McMartin, FCA
The Institute of Chartered Accountants in England and Wales

Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

27th March 2025

Assynt Leisure

Statement of Financial Activities
for the year ended 31st March 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
Income and endowments from
Donations and legacies 2 2,402 - 2,402 2,001

Charitable activities 5
Charitable activities 73,126 - 73,126 167,356

Other trading activities 3 1,967 - 1,967 1,676
Investment income 4 - - - 193
Total 77,495 - 77,495 171,226

Expenditure on
Charitable activities 6
Charitable activities 77,632 26,971 104,603 102,344

NET INCOME/(EXPENDITURE) (137 ) (26,971 ) (27,108 ) 68,882


Reconciliation of funds
Total funds brought forward (1,689 ) 946,472 944,783 875,901

Total funds carried forward (1,826 ) 919,501 917,675 944,783

Assynt Leisure (Registered number: SC208883)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 11 898,000 924,747

Current assets
Stocks 12 120 30
Debtors 13 669 940
Cash at bank 14 26,640 32,103
27,429 33,073

Creditors
Amounts falling due within one year 15 (7,754 ) (13,037 )

Net current assets 19,675 20,036

Total assets less current liabilities 917,675 944,783

NET ASSETS 917,675 944,783
Funds 18
Unrestricted funds (1,826 ) (1,689 )
Restricted funds 919,501 946,472
Total funds 917,675 944,783

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.


Assynt Leisure (Registered number: SC208883)

Balance Sheet - continued
31st March 2024

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 27th March 2025 and were signed on its behalf by:





A Macleod - Trustee

Assynt Leisure

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.

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.


Land and buildings - 2% on cost
Equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Assynt Leisure

Notes to the Financial Statements - continued
for the year ended 31st March 2024


2. Donations and legacies
2024 2023
£    £   
Donations 1,378 1,326
Club income 1,024 675
2,402 2,001

3. Other trading activities
2024 2023
£    £   
Fundraising events 757 609
Vending machines/cafe 1,210 1,067
1,967 1,676

4. Investment income
2024 2023
£    £   
Deposit account interest - 193

5. Income from charitable activities
2024 2023
Activity £    £   
Grants Charitable activities 23,028 139,743
Club usage and membership Charitable activities 42,836 25,021
Overnight stays and facilities Charitable activities 7,156 2,592
Course income Charitable activities 106 -
73,126 167,356

Grants received, included in the above, are as follows:
2024 2023
£    £   
The Highland Council 23,028 136,242
Assynt Development Trust - 1,901
North Highland Initiative - 1,000
ACC - 600
23,028 139,743

Assynt Leisure

Notes to the Financial Statements - continued
for the year ended 31st March 2024


6. Charitable activities costs
Direct Support
Costs costs Totals
£    £    £   
Charitable activities 102,101 2,502 104,603

7. Net income/(expenditure)

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

2024 2023
£    £   
Depreciation - owned assets 27,150 27,189

8. 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.


9. Staff costs
2024 2023
£    £   
Wages and salaries 43,576 38,893
43,576 38,893

The average monthly number of employees during the year was as follows:

2024 2023
Number of staff 4 4

No employees received emoluments in excess of £60,000.


Assynt Leisure

Notes to the Financial Statements - continued
for the year ended 31st March 2024


10. Comparatives for the statement of financial activities
Unrestricted Restricted Total
fund funds funds
£    £    £   
Income and endowments from
Donations and legacies 2,001 - 2,001

Charitable activities
Charitable activities 65,656 101,700 167,356

Other trading activities 1,676 - 1,676
Investment income 193 - 193
Total 69,526 101,700 171,226

Expenditure on
Charitable activities
Charitable activities 75,295 27,049 102,344

NET INCOME/(EXPENDITURE) (5,769 ) 74,651 68,882


Reconciliation of funds
Total funds brought forward 4,080 871,821 875,901

Total funds carried forward (1,689 ) 946,472 944,783


Assynt Leisure

Notes to the Financial Statements - continued
for the year ended 31st March 2024


11. Tangible fixed assets
Land and
buildings Equipment Totals
£    £    £   
Cost
At 1st April 2023 1,326,575 54,048 1,380,623
Additions - 403 403
Reclassification (70,158 ) 70,158 -
At 31st March 2024 1,256,417 124,609 1,381,026
Depreciation
At 1st April 2023 405,555 50,321 455,876
Charge for year 25,128 2,022 27,150
Reclassification/transfer (1,403 ) 1,403 -
At 31st March 2024 429,280 53,746 483,026
Net book value
At 31st March 2024 827,137 70,863 898,000
At 31st March 2023 921,020 3,727 924,747

12. Stocks
2024 2023
£    £   
Stocks 120 30

13. Debtors: amounts falling due within one year
2024 2023
£    £   
Prepayments 669 940


Assynt Leisure

Notes to the Financial Statements - continued
for the year ended 31st March 2024


14. Cash at bank

The prior year unreconciled bank difference of £8,594 has been transferred during the year to Income from charitable activities - Club usage and membership.

15. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts (see note 16) - 7,309
Trade creditors 1,341 697
Social security and other taxes 2,124 521
Other creditors 137 664
Accrued expenses 4,152 3,846
7,754 13,037

16. Loans

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Bank overdrafts - 7,309

17. Analysis of net assets between funds
2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
£    £    £    £   
Fixed assets 1,016 896,984 898,000 924,747
Current assets 4,912 22,517 27,429 33,073
Current liabilities (7,754 ) - (7,754 ) (13,037 )
(1,826 ) 919,501 917,675 944,783


Assynt Leisure

Notes to the Financial Statements - continued
for the year ended 31st March 2024


18. Movement in funds
Net
movement At
At 1/4/23 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund (1,689 ) (137 ) (1,826 )

Restricted funds
Assynt Leisure Building 882,091 (25,128 ) 856,963
Training and equipment fund 64,381 (1,843 ) 62,538
946,472 (26,971 ) 919,501
TOTAL FUNDS 944,783 (27,108 ) 917,675

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 77,495 (77,632 ) (137 )

Restricted funds
Assynt Leisure Building - (25,128 ) (25,128 )
Training and equipment fund - (1,843 ) (1,843 )
- (26,971 ) (26,971 )
TOTAL FUNDS 77,495 (104,603 ) (27,108 )


Assynt Leisure

Notes to the Financial Statements - continued
for the year ended 31st March 2024


18. Movement in funds - continued

Comparatives for movement in funds

Net
movement At
At 1/4/22 in funds 31/3/23
£    £    £   
Unrestricted funds
General fund 4,080 (5,769 ) (1,689 )

Restricted funds
Assynt Leisure Building 867,318 14,773 882,091
Training and equipment fund 4,503 59,878 64,381
871,821 74,651 946,472
TOTAL FUNDS 875,901 68,882 944,783

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 69,526 (75,295 ) (5,769 )

Restricted funds
Assynt Leisure Building 39,901 (25,128 ) 14,773
Training and equipment fund 61,799 (1,921 ) 59,878
101,700 (27,049 ) 74,651
TOTAL FUNDS 171,226 (102,344 ) 68,882

Assynt Leisure

Notes to the Financial Statements - continued
for the year ended 31st March 2024


18. Movement in funds - continued

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 4,080 (5,906 ) (1,826 )

Restricted funds
Assynt Leisure Building 867,318 (10,355 ) 856,963
Training and equipment fund 4,503 58,035 62,538
871,821 47,680 919,501
TOTAL FUNDS 875,901 41,774 917,675

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 147,021 (152,927 ) (5,906 )

Restricted funds
Assynt Leisure Building 39,901 (50,256 ) (10,355 )
Training and equipment fund 61,799 (3,764 ) 58,035
101,700 (54,020 ) 47,680
TOTAL FUNDS 248,721 (206,947 ) 41,774


Assynt Leisure

Notes to the Financial Statements - continued
for the year ended 31st March 2024


19. Related party disclosures

There were no related party transactions for the year ended 31st March 2024.