REGISTERED COMPANY NUMBER: SC279460 (Scotland)

REGISTERED CHARITY NUMBER: SC032944

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Aberdeen Learn To Swim Scheme Limited

(A Company Limited by Guarantee)

Page

Reference and Administrative Details

1

Report of the Trustees

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Statement of Financial Position

5

Notes to the Financial Statements

6

to

10

TRUSTEES

R G Adam

I A Benzie

C Komar (resigned 15.4.26)

Mrs A J Low

L Scott

Mrs C Smith

Mrs A W Sinclair (resigned 18.2.25)

Ms R J Reid (appointed 10.3.26)

COMPANY SECRETARY

Dr H E Hayes

REGISTERED OFFICE

77 Garthdee Road

Aberdeen

Aberdeenshire

AB10 7AY

REGISTERED COMPANY NUMBER

SC279460 (Scotland)

REGISTERED CHARITY NUMBER

SC032944

INDEPENDENT EXAMINER

The Grant Considine Partnership

Chartered Accountants

46 High Street

Banchory

Aberdeenshire

AB31 5SR

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 31 December 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

The Company is established for charitable purposes only and shall operate as a non profit making organisation.

The objects of the Company, through its Learn to Swim Scheme, shall be to:

- promote and encourage the teaching of swimming, lifesaving and water survival skills to children in Aberdeen.

- educate children in all aspects of water safety.

- do all such other things as are incidental or conducive to the attainment of the above objects.

ACHIEVEMENTS AND PERFORMANCE

Charitable Activities

The number of swimmers total around 900 in number and range from four years upwards. This total represents a decrease from the previous year but was planned for at the start of the year due to known resource constraints.

Many of the swimmers in the Aberdeen Amateur Swimming Club (AASC) learned to swim with Aberdeen Learn To Swim (ALTS) and this helps drive ALTS forward. These swimmers gain valuable skills for their future. Former ALTS swimmers can and do become assistants, and then progress to become teachers. Some teachers also become coaches with AASC, promoting integration between ALTS and AASC.

Financial Activities

The drop in swimmer numbers from 2024 resulted in a drop in income of 17%, but this was partially offset by a 4% drop in support costs, which resulted in a net deficit for the year of £34,600. Total Funds Carried Forward continue to be in a positive position however and the ongoing financial stability of ALTS also underpins the secure standing of AASC.

FINANCIAL REVIEW

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activites while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Going concern

The Trustees have considered all information relating to the club. Currently, the Trustees are of the opinion that the Club will be able to continue operation and enhance its activities going forward.

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.

Approved by order of the board of trustees on 15 September 2026 and signed on its behalf by:

R G Adam - Trustee

I report on the accounts for the year ended 31 December 2025 set out on pages four to ten.

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.

Gillian R Nicolson

The Institute of Chartered Accountants of Scotland

The Grant Considine Partnership

Chartered Accountants

46 High Street

Banchory

Aberdeenshire

AB31 5SR

15 September 2026

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Swimshop Sales

88

2,405

Aquafun Swim Skills 3

190,816

273,048

Swim Skills 4

81,111

63,977

Fitness / Junior Fitness

24,258

15,723

Total

296,273

355,153

EXPENDITURE ON

Charitable activities

Admin

14,471

14,641

Other

316,400

331,320

Total

330,871

345,961

NET INCOME/(EXPENDITURE)

(34,598

)

9,192

RECONCILIATION OF FUNDS

Total funds brought forward

54,544

45,352

TOTAL FUNDS CARRIED FORWARD

19,946

54,544

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Debtors

7

1,961

1,412

Cash at bank

107,222

100,306

109,183

101,718

CREDITORS

Amounts falling due within one year

8

(89,237

)

(47,174

)

NET CURRENT ASSETS

19,946

54,544

TOTAL ASSETS LESS CURRENT LIABILITIES

19,946

54,544

NET ASSETS

19,946

54,544

FUNDS

9

Unrestricted funds

19,946

54,544

TOTAL FUNDS

19,946

54,544

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 15 September 2026 and were signed on its behalf by:

R G Adam - Trustee

1.	STATUTORY INFORMATION

Aberdeen Learn To Swim is a private company limited by guarantee incorporated in Scotland. The registered office is detailed on page 1.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.	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

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.

Other donations are recognised on receipt. Other donation 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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation changes are allocated on the portion of the asset's use.

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.

3.	SUPPORT COSTS

Governance

costs

£

Other resources expended

316,400

Support costs, included in the above, are as follows:

2025

2024

Other

resources

Total

expended

activities

£

£

Independent Examination

1,400

1,320

Management Charges

315,000

330,000

316,400

331,320

4.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Independent Examination

1,400

1,320

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Swimshop Sales

2,405

Aquafun Swim Skills 3

273,048

Swim Skills 4

63,977

Fitness / Junior Fitness

15,723

Total

355,153

EXPENDITURE ON

Charitable activities

Admin

14,641

Other

331,320

Total

345,961

NET INCOME

9,192

RECONCILIATION OF FUNDS

Total funds brought forward

45,352

TOTAL FUNDS CARRIED FORWARD

54,544

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,410

888

Other debtors

115

115

Prepayments

436

409

1,961

1,412

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

45,854

45,854

Deferred Income

41,983

-

Accrued expenses

1,400

1,320

89,237

47,174

9.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.25

in funds

31.12.25

£

£

£

Unrestricted funds

General fund

54,544

(34,598

)

19,946

TOTAL FUNDS

54,544

(34,598

)

19,946

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

296,273

(330,871

)

(34,598

)

TOTAL FUNDS

296,273

(330,871

)

(34,598

)

Comparatives for movement in funds

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted fund

45,352

9,192

54,544

TOTAL FUNDS

45,352

9,192

54,544

Comparative net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted fund

355,153

(345,961

)

9,192

TOTAL FUNDS

355,153

(345,961

)

9,192

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.1.24

in funds

31.12.25

£

£

£

Unrestricted fund

45,352

(25,406

)

19,946

TOTAL FUNDS

45,352

(25,406

)

19,946

Net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted fund

651,426

(676,832

)

(25,406

)

TOTAL FUNDS

651,426

(676,832

)

(25,406

)

10.	RELATED PARTY DISCLOSURES

Management Charges of £315,000 were paid to Aberdeen Amateur Swimming Club during the year. A club managed and controlled by the same board.