Company registration number 11294197 (England and Wales)
Charity registration number 1182691 (England and Wales)
HERTFORDSHIRE AQUATICS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
HERTFORDSHIRE AQUATICS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
B Thompson
I W Mackenzie
S A Lever FCA
Country of incorporation
United Kingdom
11294197
(England and Wales)
Charity registration
England and Wales
1182691
Principal address
Kinetic Business Centre
Theobald Street
Borehamwood
Herts
WD6 4PJ
Registered office
Kinetic Business Centre
Theobald Street
Borehamwood
Herts
WD6 4PJ
HERTFORDSHIRE AQUATICS
CONTENTS
Page
Trustees' report
1
Statement of financial activities
2
Balance sheet
3
Notes to the financial statements
4 - 7
HERTFORDSHIRE AQUATICS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 30 April 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Companies Act 2006 and "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

The charity's objects are to promote community participation in swimming, open water swimming, diving, artistic swimming and water polo within the county of Hertfordshire.

The charity continues to investigate together with Swim England, the possibility of building a 50m swimming pool within the county of Hertfordshire in order to provide facilities for all to enjoy the sport of swimming.

A potential site for the pool has been identified and negotiations continue about building on the land.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The trustees meet regularly and, together with their advisors, continue to look for suitable sites to build a swimming pool. A number of sites were considered during the year and one site was selected but after initial discussions the owner decided not to proceed with the project. The search for a new site is ongoing.

Financial review

It is the policy of the charity to apply funds raised be put towards a feasibility study to determine whether a 50m pool would be sustainable from a financial point of view. Providing it is then funds would be raised in order to build the pool at a suitable location.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee.

Charitable status was granted by the Charities Commission on 29 March 2019.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

B Thompson
I W Mackenzie
S A Lever FCA

The Trustees are drawn from the Management Board of Swim England Hertfordshire who are the organisation responsible for all swimming activities within the County of Hertfordshire.

N one of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The trustees' r eport was approved by the Board of Trustees.

S A Lever FCA
Trustee
Dated: 15 January 2026
HERTFORDSHIRE AQUATICS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
3
20
5,032
Expenditure on:
Charitable activities
4
-
19
Other expenditure
7
34
13
Total expenditure
34
32
Net income/(expenditure) and movement in funds
(14)
5,000
Reconciliation of funds:
Fund balances at 1 May 2024
10,842
5,842
Fund balances at 30 April 2025
10,828
10,842

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

HERTFORDSHIRE AQUATICS
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 3 -
2025
2024
Notes
£
£
£
£
Current assets
Cash at bank and in hand
10,828
10,855
Creditors: amounts falling due within one year
9
-
13
Net current assets
10,828
10,842
The funds of the charity
Unrestricted funds
10
10,828
10,842
10,828
10,842

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 April 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the trustees on 15 January 2026
S A Lever FCA
Trustee
Company registration number 11294197 (England and Wales)
HERTFORDSHIRE AQUATICS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
1
Accounting policies
Charity information

Hertfordshire Aquatics is a private company limited by guarantee incorporated in England and Wales. The registered office is Kinetic Business Centre, Theobald Street, Borehamwood, Herts, WD6 4PJ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5
Resources expended

Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activity. The charity has no expenditure on fundraising. Value added tax is not recoverable by the charity and is therefore included in the relevant costs in the Statement of Financial Activities. All charitable expenditure is recognised when paid and expenses when incurred.

HERTFORDSHIRE AQUATICS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
20
5,010
Other
-
22
20
5,032
HERTFORDSHIRE AQUATICS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
4
Charitable activities
2025
2024
£
£
Travel expenses
-
19
5
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
6
Employees
There were no employees during the year.
7
Other expenses
Unrestricted
Total
funds
2025
2024
£
£
Other expenditure
34
13
8
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

9
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
-
13
HERTFORDSHIRE AQUATICS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 7 -
10
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 May 2024
Incoming resources
Resources expended
At 30 April 2025
£
£
£
£
General funds
10,842
20
(34)
10,828
Previous year:
At 1 May 2023
Incoming resources
Resources expended
At 30 April 2024
£
£
£
£
General funds
5,842
5,032
(32)
10,842
2025-04-30 2024-05-01 false false CCH Software iXBRL Review & Tag 2025.2 11294197 2024-05-01 2025-04-30 11294197 bus:Director1 2024-05-01 2025-04-30 11294197 bus:Director2 2024-05-01 2025-04-30 11294197 bus:Director3 2024-05-01 2025-04-30 11294197 2025-04-30 11294197 2024-04-30 11294197 2023-05-01 2024-04-30 11294197 bus:FRS102 2024-05-01 2025-04-30 11294197 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 11294197 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP