| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 |
| 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 2025 |
| 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 2025 |
| 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 |
| HEBDEN ROYD & DISTRICT SWIMMING POOL |
| ASSOCIATION LIMITED (REGISTERED NUMBER: 08462254) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 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 2025. 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 |
| The board has been strengthened by legal expertise brought by Jane Pickford, who was elected as a trustee at the 2024 AGM. Andy Lynex was co-opted onto the board in the Autumn of 2024 and has been applying his skills in project and financial management. |
| The board finalised the suite of policies that are needed for the legal governance of a charity and these are made available on our website. |
| Financial management |
| The board reviewed its arrangements for investment management and day to day banking to take a stronger ethical stance on how the association’s money is invested and work with firms more focused on the needs of a charity. This led to a changing investment management for around 2/3 rds of the charity's funds to a company based in Manchester which specialises in ethical investment and is partly employee owned. The management costs are substantially lower than the previous incumbent. The remaining third remains managed by Andrew Heptinstall Financial Services in Mytholmroyd. We have also moved banking from Lloyds to the Co-operative resulting in lower fees for day-to-day transactions. Andy Lynex has been taking over the treasurer role from Clara Collett and has been overseeing these changes. |
| Finding a site |
| In the spring of 2024 we were approached by a landowner who owned a suitable site in Mytholmroyd. Unfortunately some of the local community were opposed to the development and the landowner withdrew the offer of the land in the Autumn of 2024. |
| The board went back to our list of potential sites and visited the five best options, most of which are owned by the council. Although our local councillors have been supportive and helpful, we did not manage to get a meeting with the relevant officers within the 2024-25 year. We did, however, meet with the trustees of the Luddenden Foot Community Centre, who are keen to work with us on the potential to locate the pool in the adjacent Holmes Park. We are now discussing with the council whether this site would be suitable and what constraints would apply. |
| We continued to approach private owners of suitable land but so far without securing an offer of a site. |
| HEBDEN ROYD & DISTRICT SWIMMING POOL |
| ASSOCIATION LIMITED (REGISTERED NUMBER: 08462254) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| OBJECTIVES AND ACTIVITIES |
| Community Engagement |
| In the Autumn of 2024 we undertook an analysis of the community engagement responses we had received through the online questionnaire, focus groups and stalls at events. This demonstrated that there is overwhelming support for a natural pool and has given us lots of ideas for design of the pool to ensure it is useful and accessible for as wide a range of the community as possible. The community engagement report is available on our website. |
| Safety Review |
| Our core values include “Safe and healthy” and that has guided our decision to undertake a review of the safety issues raised by construction and operation of a natural pool. Led by Paula Harding, a small group of trustees, supported by specialist advisers on health and safety, have been identifying the key risks and how these can be mitigated in the design, construction and operational phases of the project. A key part of this work is talking to other community organisations which run swimming pools and open water facilities |
| Project planning |
| Construction of a natural pool is a complex and expensive project. We've been fortunate in having Andy Lynex to lead planning of how we approach the work. A keen triathlete, Andy has managed multi million pounds projects across a range of industries. |
| 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 |
| The charity has 44 members at the moment and they have been helping us in a wide range of activities. As well as the people who have assisted in community engagement, a special thank you is due to Rebecca Stock, who has been supporting us in developing our procurement strategy; Juliet Hough, who has helped us with identifying and measuring the wider social, environmental and economic outcomes that we wish to achieve; Simon Watkins who has been advising us on issues related to landscape architecture; Mike Highley, who has been helping us with visualisations of the pool. |
| FINANCIAL REVIEW |
| Reserves policy |
| The charity is preserving it's reserves until such time as it is able to deploy them to achieve the overall aim of constructing a pool. |
| 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 |
| HEBDEN ROYD & DISTRICT SWIMMING POOL |
| ASSOCIATION LIMITED (REGISTERED NUMBER: 08462254) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 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 2025. |
| 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 |
| 29th September 2025 |
| HEBDEN ROYD & DISTRICT SWIMMING POOL |
| ASSOCIATION LIMITED |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 2025 | 2024 |
| 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 on investments |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 961,692 |
| HEBDEN ROYD & DISTRICT SWIMMING POOL |
| ASSOCIATION LIMITED (REGISTERED NUMBER: 08462254) |
| BALANCE SHEET |
| 31ST MARCH 2025 |
| 2025 | 2024 |
| 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 | 961,692 |
| TOTAL FUNDS | 961,692 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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. |
| HEBDEN ROYD & DISTRICT SWIMMING POOL |
| ASSOCIATION LIMITED (REGISTERED NUMBER: 08462254) |
| BALANCE SHEET - continued |
| 31ST MARCH 2025 |
| 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 2025 |
| 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. |
| HEBDEN ROYD & DISTRICT SWIMMING POOL |
| ASSOCIATION LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 2. | INVESTMENT INCOME |
| 2025 | 2024 |
| £ | £ |
| Other fixed asset invest - FII | 2,941 | 9,227 |
| Interest receivable - trading | 115 | - |
| 3. | RAISING FUNDS |
| Raising donations and legacies |
| 2025 | 2024 |
| £ | £ |
| Venue hire |
| Advertising | - | 503 |
| Support costs |
| 78 | 1,629 |
| Investment management costs |
| 2025 | 2024 |
| £ | £ |
| Portfolio management | 8,020 | 9,606 |
| Aggregate amounts | 8,098 | 11,235 |
| 4. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2025 | 2024 |
| £ | £ |
| Venue hire | 78 | 306 |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. |
| HEBDEN ROYD & DISTRICT SWIMMING POOL |
| ASSOCIATION LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | fund | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Investment income |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Net gains on investments |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 886,535 | - |
| TOTAL FUNDS CARRIED FORWARD | 961,692 | - | 961,692 |
| 7. | FIXED ASSET INVESTMENTS |
| Listed |
| investments |
| £ |
| MARKET VALUE |
| At 1st April 2024 |
| Disposals | ( |
) |
| Revaluations |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 | 858,309 |
| At 31st March 2024 | 876,534 |
| There were no investment assets outside the UK. |
| HEBDEN ROYD & DISTRICT SWIMMING POOL |
| ASSOCIATION LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Accrued expenses |
| 10. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.4.24 | in funds | 31.3.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 961,692 | 37,087 | 998,779 |
| TOTAL FUNDS | 37,087 | 998,779 |
| 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 | 3,056 | (10,793 | ) | 44,824 | 37,087 |
| TOTAL FUNDS | ( |
) | 37,087 |
| Comparatives for 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 | 886,535 | 75,157 | 961,692 |
| HEBDEN ROYD & DISTRICT SWIMMING POOL |
| ASSOCIATION LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 10. | MOVEMENT IN FUNDS - continued |
| 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 | 29,227 | (11,235 | ) | 57,165 | 75,157 |
| TOTAL FUNDS | 29,227 | (11,235 | ) | 57,165 | 75,157 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.4.23 | in funds | 31.3.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 886,535 | 112,244 | 998,779 |
| TOTAL FUNDS | 886,535 | 112,244 | 998,779 |
| 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 | 32,283 | (22,028 | ) | 101,989 | 112,244 |
| TOTAL FUNDS | 32,283 | (22,028 | ) | 101,989 | 112,244 |
| 11. | RELATED PARTY DISCLOSURES |