Stanhope Swimming Pool Limited Charity Accounts

COMPANY REGISTRATION NUMBER: 6583359

CHARITY REGISTRATION NUMBER: 1128979

Stanhope Swimming Pool Limited

Unaudited Financial Statements

For the Year Ending

31 March 2025

Stanhope Swimming Pool Limited

Financial Statements

Year Ended 31 March 2025

	Page

Trustees' Annual Report (Incorporating the Director's Report)	1

Independent Examiner's Report to the Trustees	3

Statement of Financial Activities (Including Income and Expenditure Account)	4

Statement of Financial Position	5

Notes to the Financial Statements	6

Stanhope Swimming Pool Limited

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 company for the year ended 31 March 2025 .

Objectives and Activities

The objects of the charity are to establish and maintain or to assist in establishing and maintaining an open air swimming pool at Stanhope aforesaid for the benefits of the inhabitants of Weardale and such other members of the public as desire to and to promote the benefit of the public by the advancement of instruction in swimming and other relevant water based activities and the provision of facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.

The aim of the management committee is to maintain an attractive open-air swimming pool in Stanhope that is a good asset for the Weardale community.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Achievements and Performance

We were unable to open as a pool in 2024 due to the failed systems.

As no funds are available for a purchase of the freehold without any existing tenancy, the Trustees are negociating via lawyers for a renewal of the lease with the landlord but as yet no conclusion has been reached.

If we can manage to secure renewal of the lease the intention will be to develop refurbishment capital projects in order to renew the facility.

We have many supporters in the local authority, social media and the web which drives our determination to retain an open air pool for Weardale.

We are still without a chairman but have interested parties to become trustees and helpers for when we are able to restart.

Financial Review

The Trustees aim to maintain sufficient "free" reserves to meet the general running costs of the pool for one season. At 31st March 2025 this was estimated at approximately £50,000, excluding depreciation and development costs. Actual "free" reserves at 31st March 2025 were £11,335.

Structure, Governance and Management

Stanhope Swimming Pool Limited is a registered charity (charity number 1128979 ) and a limited company (company number 6583359 ). It was incorporated on 2nd May 2008 and registered as a charity on 2nd April 2009. It is governed by its memorandum and articles of association dated 7th April 2008.

It is managed by the trustees who meet 3-4 times a year formally and more frequently on an informal basis.

On 1st June 2009 the charity took over the assets, liabilities and activities of the unincorporated charity, Weardale Open Air Swimming Pool (charity number 517675).

Reference and Administrative Details

Registered charity name	Stanhope Swimming Pool Limited

Charity registration number	1128979

Company registration number	6583359

Principal office and registered	2 Union Lane
office	Stanhope
	Bishop Auckland
	County Durham
	DL13 2XA

The Trustees

	Mr J C Haynes
	Dr J Webster
	Dr A S Lumb

Company Secretary	Dr J Webster

Independent Examiner	Jane Ascroft FCA MA (Cantab)
	Enterprise House
	Harmire Enterprise Park
	Barnard Castle
	County Durham
	DL12 8XT

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 23 December 2025 and signed on behalf of the board of trustees by:

Dr J Webster

Company Secretary

Stanhope Swimming Pool Limited

Independent Examiner's Report to the Trustees of Stanhope Swimming Pool Limited

Year Ended 31 March 2025

I report to the trustees on my examination of the financial statements of Stanhope Swimming Pool Limited ('the company') 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 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 the company’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 financial statements do not accord with those records; 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.

Jane Ascroft FCA MA (Cantab) Independent Examiner

Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XT

23 December 2025

Stanhope Swimming Pool Limited

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	20,780	–	20,780	16,910
Charitable activities	6	2,316	–	2,316	–
		--------	----	--------	--------
Total Income		23,096	–	23,096	16,910
		--------	----	--------	--------

Expenditure

Expenditure on charitable activities	7,8	36,072	–	36,072	14,131
		--------	----	--------	--------
Total expenditure		36,072	–	36,072	14,131
		--------	----	--------	--------

	--------	----	--------	--------
Net (expenditure)/income and net movement in funds	( 12,976)	–	( 12,976)	2,779
	--------	----	--------	--------

Reconciliation of funds

Total funds brought forward	43,361	1,811	45,172	42,393
	--------	-------	--------	--------
Total funds carried forward	30,385	1,811	32,196	45,172
	--------	-------	--------	--------

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

All income and expenditure derive from continuing activities.

Stanhope Swimming Pool Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible fixed assets	13		14,266	15,237

Current Assets

Stock	14	–	50
Debtors	15	–	478
Cash at bank and in hand		20,551	29,707
		--------	--------
		20,551	30,235

Creditors: amounts falling due within one year	16	2,621		300
		--------		--------
Net Current Assets			17,930	29,935
			--------	--------
Total Assets Less Current Liabilities			32,196	45,172
			--------	--------

Funds of the Charity

Restricted funds		1,811	1,811
Unrestricted funds		30,385	43,361
		--------	--------
Total charity funds	17	32,196	45,172
		--------	--------

For the year ending 31 March 2025 the company 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 23 December 2025 , and are signed on behalf of the board by:

Mr J C Haynes
Trustee

Stanhope Swimming Pool Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1. General Information

The company is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 2 Union Lane, Stanhope, Bishop Auckland, County Durham, DL13 2XA.

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 investments measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. The entity is a Public Benefit Entity.

Going Concern

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

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. The trustees consider that there are no significant estimates or judgements affecting these financial statements.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Designated funds are unrestricted funds earmarked by the trustees for specific purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.

Income

All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Investment income is included when receivable. Admission income and shop income is included when receivable.

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

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 between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, as set out in the notes to the accounts.

Tangible Assets

Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £100 are not capitalised.

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:

Solar PV	-	4% straight line
Equipment	-	25% 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 company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial Instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

Cash at Bank and in Hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

4. Limited by Guarantee

The company is limited by guarantee. At 31st March 2025 there were 3 members each of whom had undertaken to contribute an amount not exceeding £10 in the event of a winding up.

5. Donations and Legacies

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

Donations

	Donations	80	80	1,210	1,210

Legacies

	Legacies	5,000	5,000	–	–

Grants

Grant from Durham County Council	15,700	15,700	15,700	15,700
	--------	--------	--------	--------
	20,780	20,780	16,910	16,910
	--------	--------	--------	--------

6. Charitable Activities

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Solar PV Feed In Tariff	2,316	2,316	–	–
	-------	-------	----	----

7. Expenditure on Charitable Activities by Fund Type

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Costs of charitable activities	36,072	–	36,072
	--------	----	--------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Costs of charitable activities	13,231	900	14,131
	--------	----	--------

8. Expenditure on Charitable Activities by Activity Type

	Activities undertaken directly	Total funds 2025	Total fund 2024
	£	£	£
Costs of charitable activities	36,072	36,072	14,131
	--------	--------	--------

9. Net (Expenditure)/Income

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

	2025	2024
	£	£
Depreciation of tangible fixed assets	971	978
	----	----

10. Independent Examination Fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	360	360
	----	----

11. Particulars of Employees

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2025	2024
	£	£
Wages and salaries	–	708
	----	----

The average head count of employees during the year was Nil (2024: 1 ). The average number of full-time equivalent employees during the year is analysed as follows:

	2025	2024
	No.	No.
Number of lifeguards	–	1
	----	----

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

12. Trustee Remuneration and Expenses

During the previous year the son of one of the trustees was employed during the year and received wages of £708. No wages were paid during the current year.

Trustees were reimbursed expenses of £Nil (2024 - £64) during the year.

13. Tangible Fixed Assets

	Solar PV	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	23,664	1,239	24,903
	--------	-------	--------
Depreciation
At 1 April 2024	8,522	1,144	9,666
Charge for the year	947	24	971
	--------	-------	--------
At 31 March 2025	9,469	1,168	10,637
	--------	-------	--------
Carrying amount
At 31 March 2025	14,195	71	14,266
	--------	-------	--------
At 31 March 2024	15,142	95	15,237
	--------	-------	--------

14. Stocks

	2025	2024
	£	£
Café stock	–	50
	----	----

15. Debtors

	2025	2024
	£	£
Prepayments and accrued income	–	478
	----	----

16. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,621	300
	-------	----

17. Analysis of Charitable Funds

Unrestricted funds

	At 1 April 2024	Income	Expenditure	Transfers	At 31 March 2025
	£	£	£	£	£
General funds	23,418	23,016	(35,099)	–	11,335
Capital funds	15,237	–	(971)	–	14,266
Repair & development fund	4,706	80	(2)	–	4,784
	--------	--------	--------	----	--------
	43,361	23,096	(36,072)	–	30,385
	--------	--------	--------	----	--------

	At 1 April 2023	Income	Expenditure	Transfers	At 31 March 2024
	£	£	£	£	£
General funds	18,605	16,800	(12,251)	264	23,418
Capital funds	16,215	–	(978)	–	15,237
Repair & development fund	4,862	110	(2)	(264)	4,706
	--------	--------	--------	----	--------
	39,682	16,910	(13,231)	–	43,361
	--------	--------	--------	----	--------

Restricted funds

	At 1 April 2024	Income	Expenditure	Transfers	At 31 March 2025
	£	£	£	£	£
Development Fund	671	–	–	–	671
Pool repairs	1,140	–	–	–	1,140
	-------	----	----	----	-------
	1,811	–	–	–	1,811
	-------	----	----	----	-------

	At 1 April 2023	Income	Expenditure	Transfers	At 31 March 2024
	£	£	£	£	£
Development Fund	1,571	–	(900)	–	671
Pool repairs	1,140	–	–	–	1,140
	-------	----	----	----	-------
	2,711	–	(900)	–	1,811
	-------	----	----	----	-------

18. Analysis of Net Assets Between Funds

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Tangible fixed assets	14,266	–	14,266
Current Assets	18,740	1,811	20,551
Creditors less than 1 year	(2,621)	–	(2,621)
	--------	-------	--------
Net assets	30,385	1,811	32,196
	--------	-------	--------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Tangible fixed assets	15,237	–	15,237
Current Assets	28,424	1,811	30,235
Creditors less than 1 year	(300)	–	(300)
	--------	-------	--------
Net assets	43,361	1,811	45,172
	--------	-------	--------