Poolewe & District Swimming Pool Association Charity Accounts

COMPANY REGISTRATION NUMBER: SC102492

CHARITY REGISTRATION NUMBER: SC008522

Poolewe & District Swimming Pool Association

Company Limited by Guarantee

Unaudited Financial Statements

31 March 2025

Poolewe & District Swimming Pool Association

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	4

Statement of financial activities (including income and expenditure account)	6

Statement of financial position	7

Statement of cash flows	8

Notes to the financial statements	9

Poolewe & District Swimming Pool Association

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025 .

Reference and administrative details

Registered charity name	Poolewe & District Swimming Pool Association

Charity registration number	SC008522

Company registration number	SC102492

Principal office and registered	Poolewe Swimming Pool
office	Cliffton
	Poolewe
	Wester Ross
	IV22 2JU

The trustees

	Mr R Baxter
	Dr P Townson	(Resigned 27 June 2024)
	H Widdows
	Mr R A Widdows
	A Hainsworth

Independent examiner	M.J.Macnab BSc, FCCA
	Tulloch Street
	Dingwall
	Ross-shire
	IV15 9JY

Structure, governance and management

The charity, which is a registered charity with the Office of the Scottish Charity Regulator with Registration Number SC008522 , is registered as a charitable company limited by guarantee and was incorporated on 19 December 1986. The Memorandum and Articles of Association were amended and adopted on 28 February 2017.

The management of the charity is the responsibility of the Directors who are elected and co-opted under the terms of the Memorandum and Articles of Association. Directors are recruited from the company membership and appointed by ordinary resolution at the AGM. Any member of the company may apply to the current board or recommend the appointment of a fellow member to become a director of the company.

A Board of volunteer Directors made up of company members manages the organisation. The Board makes all major and strategic decisions about the organisation and Highlife Highland now make all day to day operational decisions.

All the directors of the company are also trustees of the charity, and their responsibilities include all the responsibilities of the directors under the Companies Act and of trustees under the Charities Act.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Objectives and activities

The advancement of public participation in sport and the provision of recreational facilities or the organisation of recreational facilities with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended by the building and operation of a swimming pool and related facilities.

The company owns a small community swimming pool in Poolewe which is operated on its behalf by Highlife Highland.

Achievements and performance

Staffing:

The operation and management of the Pool continues to be carried out by Highlife Highland, who employ the staff, pay utility bills and all day to day running costs, including routine maintenance.

It is good to note that recruiting for pool staff has improved slightly with a resulting increase in opening hours, swimming lessons and other activities. Recruiting still remains a challenge.

Building, Plant and Equipment:

A successful bid has been made on the Community Regeneration Fund which together with match funding from the Association will meet the cost of £42,000 to replace key components of the unreliable and ineffective air handling system. The experience for users and staff should improve and there should be fewer unscheduled short notice closures. The maintenance of general infrastructure should also be improved with the expected lower humidity. The work should be completed by the end of 2025.

Pool Board:

Although Highlife Highland now carry out the 'heavy lifting' in managing the Pool, there remains the need to recruit additional Trustees/Directors to refresh the Board, relieving very long serving members.

No formal meetings of the Association have taken place since 21/3/23, and no formal reports created.

Individual trustees have communicated between themselves and with Highlife Highland.

Financial review

Highlife Highland continue to finance the operation and management of the pool, including directly employing the staff and paying the utility bills. The Association still owns the pool building on behalf of the Community and is theoretically liable for fabric maintenance and repairs. It maintains a fund to cover these potential liabilities and continues to raise funds through collection boxes and a 300 club with over 150 members.

The 300 Club has a healthy balance of £11,183 as at 31 March 2025 with a typical profit of over £2,000 annually after paying prizes. This usefully covers Association running costs such as insurance.

As of 31 March, the main account held £24,365. Most of this will be consumed by the replacement air handling system.

The Directors have assessed the major risks to which the charity is exposed, those related to the operations and finances of the charity and are satisfied that systems and processes are in place to mitigate the exposure to the major risks.

Plans for future periods

The Directors have still to decide the way forward for the Association. Should the Association continue as it is? Or attempt to gift the pool and it's funds to Highlife Highland and wind itself up? The members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.

A key priority activity for the next year will be to raise the profile of the Pool throughout the Community to:

i. Increase general awareness and engagement amongst the Community.

ii. Increase 300 Club and Association Membership.

iii. Improve Director/Trustee recruiting.

The Board remains grateful to Highlife Highland and its staff for their continued support in delivering a valuable local capability that supports wellbeing, recreation and teaches invaluable life skills.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 15 December 2025 and signed on behalf of the board of trustees by:

Mr R Baxter

Trustee

Poolewe & District Swimming Pool Association

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Poolewe & District Swimming Pool Association

Year ended 31 March 2025

I report to the trustees on my examination of the financial statements of Poolewe & District Swimming Pool Association ('the charity') for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (‘the 2005 Act’), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

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 the charity’s accounts carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Independent examiner's statement

Since the charity is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of the Association of Chartered Certified Accountants which is one of the listed bodies.

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 charity as required by section 386 of the 2006 Act, section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; or

2. the financial statements do not accord with those records or with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006; or

3. the financial statements 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 financial statements 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.

M.J.Macnab BSc, FCCA Independent Examiner

Tulloch Street Dingwall Ross-shire IV15 9JY

15 December 2025

Poolewe & District Swimming Pool Association

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2025

	2025			2024
	Unrestricted funds	Restricted funds	Total funds	Total funds
Note	£	£	£	£

Income and endowments

Donations and legacies	5	100	–	100	75
Other trading activities	6	3,358	–	3,358	3,434
		-------	----	-------	-------
Total income		3,458	–	3,458	3,509
		-------	----	-------	-------

Expenditure

Expenditure on raising funds:

	Costs of other trading activities	7	1,260	–	1,260	1,026
Expenditure on charitable activities		8,9	4,114	4,288	8,402	8,839
			-------	-------	-------	-------
Total expenditure			5,374	4,288	9,662	9,865
			-------	-------	-------	-------

	-------	-------	-------	-------
Net expenditure and net movement in funds	( 1,916)	( 4,288)	( 6,204)	( 6,356)
	-------	-------	-------	-------

Reconciliation of funds

Total funds brought forward	68,950	135,796	204,746	211,102
	--------	---------	---------	---------
Total funds carried forward	67,034	131,508	198,542	204,746
	--------	---------	---------	---------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Poolewe & District Swimming Pool Association

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible fixed assets	14	163,275	169,781

Current assets

Debtors	15	218	240
Cash at bank and in hand		35,549	35,225
		--------	--------
		35,767	35,465

Creditors: amounts falling due within one year	16	500	500
		--------	--------
Net current assets		35,267	34,965
		---------	---------
Total assets less current liabilities		198,542	204,746
		---------	---------
Net assets		198,542	204,746
		---------	---------

Funds of the charity

Restricted funds		131,508	135,796
Unrestricted funds		67,034	68,950
		---------	---------
Total charity funds	17	198,542	204,746
		---------	---------

For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

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

These financial statements were approved by the board of trustees and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Mr R Baxter

Trustee

Poolewe & District Swimming Pool Association

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 March 2025

	2025	2024
	£	£

Cash flows from operating activities

Net expenditure	(6,204)	(6,356)

Adjustments for:
Depreciation of tangible fixed assets	6,506	7,031

Changes in:
Trade and other debtors	22	25
	-------	-------
Cash generated from operations	324	700
	----	----
Net cash from operating activities	324	700
	----	----

Net increase in cash and cash equivalents	324	700
Cash and cash equivalents at beginning of year	35,225	34,525
	--------	--------
Cash and cash equivalents at end of year	35,549	35,225
	--------	--------

Poolewe & District Swimming Pool Association

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in Scotland and a registered charity in Scotland. The address of the registered office is Poolewe Swimming Pool, Cliffton, Poolewe, Wester Ross, IV22 2JU.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Fixtures and fittings	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Limited by guarantee

The company is a private company limited by guarantee and consequently does not have share capital.

The members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of a winding up.

5. Donations and legacies

Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
£	£	£	£

Donations

Voluntary Income: Donations	100	100	75	75
	----	----	----	----

6. Other trading activities

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
300 Club income	3,358	3,358	3,434	3,434
	-------	-------	-------	-------

7. Costs of other trading activities

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
300 Club prizes	1,260	1,260	1,026	1,026
	-------	-------	-------	-------

8. Expenditure on charitable activities by fund type

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
General activities	3,454	4,288	7,742
Support costs	660	–	660
	-------	-------	-------
	4,114	4,288	8,402
	-------	-------	-------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
General activities	3,475	4,764	8,239
Support costs	600	–	600
	-------	-------	-------
	4,075	4,764	8,839
	-------	-------	-------

9. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
General activities	7,742	–	7,742	8,239
Governance costs	–	660	660	600
	-------	----	-------	-------
	7,742	660	8,402	8,839
	-------	----	-------	-------

10. Net expenditure

Net expenditure is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets	6,506	7,031
	-------	-------

11. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	600	600
	----	----

12. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

13. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees; or

14. Tangible fixed assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	220,473	76,560	297,033
	---------	--------	---------
Depreciation
At 1 April 2024	61,175	66,077	127,252
Charge for the year	4,409	2,097	6,506
	---------	--------	---------
At 31 March 2025	65,584	68,174	133,758
	---------	--------	---------
Carrying amount
At 31 March 2025	154,889	8,386	163,275
	---------	--------	---------
At 31 March 2024	159,298	10,483	169,781
	---------	--------	---------

15. Debtors

	2025	2024
	£	£
Prepayments and accrued income	218	240
	----	----

16. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	500	500
	----	----

17. Analysis of charitable funds

Unrestricted funds

	At 1 April 2024	Income	Expenditure	At 31 March 2025
	£	£	£	£
General funds	68,950	3,458	(5,374)	67,034
	--------	-------	-------	--------

	At 1 April 2023	Income	Expenditure	At 31 March 2024
	£	£	£	£
General funds	70,542	3,509	(5,101)	68,950
	--------	-------	-------	--------

Restricted funds

	At 1 April 2024	Income	Expenditure	At 31 March 2025
	£	£	£	£
Restricted Fund	135,796	–	(4,288)	131,508
	---------	----	-------	---------

	At 1 April 2023	Income	Expenditure	At 31 March 2024
	£	£	£	£
Restricted Fund	140,560	–	(4,764)	135,796
	---------	----	-------	---------

18. Analysis of net assets between funds

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Tangible fixed assets	54,481	108,794	163,275
Current assets	13,053	22,714	35,767
Creditors less than 1 year	(500)	–	(500)
	--------	---------	---------
Net assets	67,034	131,508	198,542
	--------	---------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Tangible fixed assets	56,699	113,082	169,781
Current assets	11,751	22,714	34,465
Creditors less than 1 year	500	–	500
	--------	---------	---------
Net assets	68,950	135,796	204,746
	--------	---------	---------

19. Analysis of changes in net debt

	At 1 Apr 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	35,225	324	35,549
	--------	----	--------