REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31st March 2024 |
for |
Assynt Leisure |
(A Company Limited by Guarantee) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
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 |
Registered Charity number |
Assynt Leisure (Registered number: SC208883) |
Report of the Trustees |
for the year ended 31st March 2024 |
Registered office |
Trustees |
Independent Examiner |
Frame Kennedy |
4th Floor Metropolitan House |
31-33 High Street |
Inverness |
IV1 1HT |
Approved by order of the board of trustees on |
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 |
Charitable activities | 5 |
Other trading activities | 3 |
Investment income | 4 |
Total |
Expenditure on |
Charitable activities | 6 |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
Reconciliation of funds |
Total funds brought forward | ( |
) |
Total funds carried forward | ( |
) | 944,783 |
Assynt Leisure (Registered number: SC208883) |
Balance Sheet |
31st March 2024 |
2024 | 2023 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 11 |
Current assets |
Stocks | 12 |
Debtors | 13 |
Cash at bank | 14 |
Creditors |
Amounts falling due within one year | 15 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
NET ASSETS |
Funds | 18 |
Unrestricted funds | ( |
) | (1,689 | ) |
Restricted funds | 946,472 |
Total funds | 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 |
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 | - |
Equipment | - |
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 |
Club income | 1,024 | 675 |
3. | Other trading activities |
2024 | 2023 |
£ | £ |
Fundraising events |
Vending machines/cafe | 1,210 | 1,067 |
4. | Investment income |
2024 | 2023 |
£ | £ |
Deposit account interest |
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 | - |
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 |
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 |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
Number of staff |
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 |
Charitable activities |
Other trading activities |
Investment income |
Total |
Expenditure on |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) |
Reconciliation of funds |
Total funds brought forward | 4,080 | 871,821 |
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 |
Additions |
Reclassification | (70,158 | ) | 70,158 | - |
At 31st March 2024 |
Depreciation |
At 1st April 2023 |
Charge for year |
Reclassification/transfer | (1,403 | ) | 1,403 | - |
At 31st March 2024 |
Net book value |
At 31st March 2024 |
At 31st March 2023 |
12. | Stocks |
2024 | 2023 |
£ | £ |
Stocks |
13. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Prepayments |
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) |
Trade creditors |
Social security and other taxes |
Other creditors |
Accrued expenses |
16. | Loans |
An analysis of the maturity of loans is given below: |
2024 | 2023 |
£ | £ |
Amounts falling due within one year on demand: |
Bank overdrafts |
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 |
Current liabilities | ( |
) | ( |
) | ( |
) |
(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 |
(26,971 | ) |
TOTAL FUNDS | (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 | ) |
TOTAL FUNDS | ( |
) | (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 |