APPENDIX A
Pentro
TENBY & DISTRICT POOL
REGISTERED CHARITY
COUNTY HALL
HAVERFORDWEST
STATEMENT OF ACCOUNTS 2024-25

INDEX
Introduction
Objectives, Third Party Relationships & Policies
Statement of Responsibilities
Certificate of Director of Resources
Independent Examiner's Report
Independent Examiner's Opinion
Explanatory Foreword
Summary Outturn
Statement of Accounting Policies & Procedures
Statement of Financial Activities
Balance Sheet & Notes
Cash Flow Statement
PAGE
3
3
4
5
6
7
7
8-10
11-12
13-14
14

INTRODUCTION
The present Terby & District Swimming Pool Trust (Registration No. 1064340) was
established in June 1997 when all land and buildings were vested in Pembrokeshire
County Council, County Hall, Freemans Way, Haverfordwest, Pembrokeshire, SA61
1TP as Trustee who, as a corporate body, operate the land and buildings as a separate
charity.
OBJECTIVES, THIRD PARTY RELATIONSHIPS & POLICIES
The objective of the Trust is the provision and maintenance of a swimming pool for the
use of the inhabitants of Tenby and the neighbourhood.
The strategic development of the Trust is included in Pembrokeshire County Council
Leisure Strategy.
Day to day operations are governed by the County Council's employment, health and
safety, risk management, financial and other procedures.
All loans and investments are made in accordance with the County Council's treasury
management policies and procedures. A separate bank account is not maintained for
the Trust. All receipts and payments are made from the County Council's bank account
but being separately recorded in the Council's and the Trust's accounts with personal
accounts maintained to show the extent of indebtedness of either party at any one
time.
STATEMENT OF RESPONSIBILITIES FOR THE STATEMENT OF ACCOUNTS
The Trustees' Responsibilities
The Council as Trustee is required:
• to agree the strategic framework within which the Trust operates
• to make arrangements for the proper administration of its financial affairs and to
secure that one of its officers has the responsibility for the administration of those
affairs.
In respect of the Trust, that officer is the Director of Resources for
Pembrokeshire County Council
• to manage its affairs to secure economic, efficient and effective use of resources
and safeguard its assets
• to prepare the Annual Report /Accounts of the Trust
• consider and approve the Statement of Accounts
The Director of Resources Responsibilities
The Director of Resources is responsible for the preparation of the Trust's statement
of accounts which have been prepared in accordance with "Accounting and Reporting
by Charities - Statement of Recommended Practice" (SORP).
In preparing this statement of accounts, the Director of Resources has;
• selected suitable accounting policies and then applied them consistentiy;
• made judgements and estimates that were reasonable and prudent;
• complied with the SORP;
• ensured that proper accounting records were maintained which were up to date;
• taken reasonable steps for the prevention and detection of fraud and other
irregularities.
3

CERTIFICATE OF DIRECTOR OF RESOURCES
The Statement of Accounts of the Tenby Pool Trust for the year ended 31 March 2025
is produced in accordance with the requirements of the Charities Act 2011 and
associated regulations.
I certify the accounts present a true and fair position for the year and append my
signature to the Statement In accordance with Section 132 (1).
J HASWELL FCCA
DIRECTOR OF RESOURCES
Date: 15 December 2025

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF TENBY AND
DISTRICT SWIMMING POOL TRUST 2024-25
I have completed the independent examination of the Financial Statements of
Tenby and District Swimming Pool Trust for the year ended 31 March 2025
which comprise the Statement of Financial Activity, the Balance Sheet, the
Cash Flow Statement and the related notes. The Financial Reporting
Framework that has been applied is in accordance with appropriate accounting
standards and policies
Respective Responsibilities of Trustees and the Independent Examiner
The Trustees are responsible for the preparation of Financial Statements. The
Trustees have determined that for this financial year an audit is not required
under Section 144(1) of the Charities Act 2011 and that an independent
examination is needed.
It is therefore my responsibility as the appointed Independent Examiner to:
- Examine the accounts in accordance with the requirements of Section
145 of the Charities Act
- To follow the procedures laid down in the general directions and
guidance of the Charity Commission
- To state whether particular matters have come to my attention
Since your charity's gross income exceeds £250,000 your examiner
must be a member of a listed body.
I can confirm that I am a member of the Association of Chartered Certified
Accountants, which is one of the listed bodies.
Basis of Examiners Statement
My examination was carried out in accordance with the general directions given
by the Charity Commission. 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 careful consideration of any
unusual items or possible discrepancies in the accounts and seeking
explanation of such matters.
The procedure undertaken does not provide all the evidence that would usually
be required of an audit and consequently no opinion can be given on whether
the accounts represent a true and fair view.
Independent Examiners Statement of Opinion
In my opinion the information contained in the Trustees Annual Report, which
includes the Tenby & District Swimming Pool Trust Statement of Accounts for
2024-25 is consistent with the Financial Statements provided.
5

In connection with my examination of the 2024-25 Financial Statements no
matter has come to my attention which gives me reasonable cause to believe
that in any material respect the requirement to keep accounting records in
accordance with Section 130 of the Charities Act or to prepare accounts which
accord with the accounting records and comply with the accounting
requirements of the Charities Act have not been met.
Full Name: D.I.J EYNON FCCA
Address:
Signature:
Dated: 17/1/2/25

EXPLANATORY FOREWORD
The Trust's accounts for the year 2024-25 are set out on pages 8 to 14. They consist
a) Statement of Accounting Policies.
b) Statement of Financial Activities that shows all the incoming resources and
resources expended by the Trust in the year.
c) The Balance Sheet - which sets out the financial position of the Trust on 31 March
2025.
d) The Cash Flow Statement - which summarises the inflows and outflows of cash
arising with third parties from revenue and capital transactions.
SUMMARY OUTTURN
Expenditure
Income
Net Revenue Expenditure / (Income)
Capital Expenditure
Actual
2023-24
451,741
(451,741)
Nil
NIl
Estimate
2024-25
449,760
(449,760)
Nil
Nil
Actual
2024-25
€
426,766
(426,766)
Nil
Nil

STATEMENT OF ACCOUNTING POLICIES
2.
General
The purpose of the Statement is to explain the basis of the figures in the
Accounts which is determined by the disclosure policies adopted and the
estimation techniques used where required to reflect the economic reality of the
transactions.
The accounts shall be prepared in accordance with the latest SORP in respect
of Accounting
and Reporting by Charities and adhere to the relevant
Statements of Standard Accounting Practice, unless otherwise stated
The accounting policies will be revised as required from those of the previous
year to reflect changes in reporting requirements.
Tangible Fixed Assets
All fixed assets are vested in Pembrokeshire County Council as Trustee.
All expenditure on the acquisition, creation or enhancements of fixed assets
shall be capitalised on an accruals basis in the accounts provided that the fixed
asset yields benefits to the authority and the services it provides for a period of
more than one year. Non-structural repairs and maintenance of fixed assets
shall be charged directly to service revenue accounts.
Valuation
Fixed asset values shall be estimated on the basis recommended by CIPFA
and in accordance with the Statements of Asset Valuation Principles and
Guidance Notes issued by the Royal Institution of Chartered Surveyors (RICS).
Land, operational property and other operational assets are included in the
balance sheet at the lower of net realisable value in existing use or depreciated
replacement cost.
Assets must be revalued every 5 years as a minimum, but must be revalued
more regularly where a five yearly valuation is insufficient to keep pace with
material changes in Fair Value.
The assets shall be valued by the Council's appointed valuer who is suitably
qualified.
Any assets acquired for non-cash consideration shall be included in the balance
sheet at fair value.
Impairment
Fixed assets other than non-depreciable land shall be reviewed tor impairment
at the end of each reporting period when either:
• No depreciation charge shall be made on the grounds it would be
immaterial; or
• The estimated remaining useful life of the fixed asset exceeds 50 years.
Depreciation
Depreciation shall be provided for on all material assets with a finite useful life.
The straight-line method of depreciation is normally used to estimate
depreciation. The assets are normally valued by the Council's Property
Division.
8

The transfer between Restricted Capital Funds to Unrestricted Revenue Funds
of £47,153 represents the depreciation charge for 2024-25.
Asset Lives
The remaining useful asset lives shall be estimated and, if deemed necessary,
amended to reflect the amount of economic benefit remaining to be provided
by tangible fixed assets. Asset lives shall be determined taking into account the
number, age, obsolescence, if relevant type of construction, condition, repair
and enhancement. Estimates of remaining useful life shall be made annually if
deemed appropriate and each time the asset is revalued.
De Minimis Expenditure
With the exception of certain minor works, expenditure of less than £10,000
shall not be capitalised normally unless specific approval is given by the issue
of a specific borrowing or grant approval.
Enhancement Expenditure
The value of the appropriate fixed asset shall be increased by any expenditure
that enhances its value in the year.
3.
Loans, Investments and the Basis of Charges Made for Repaying Debt
Borrowing and the temporary investment of surplus funds shall be arranged as
part of the County Council's overall treasury management activity.
Any surplus funds shall be invested with Pembrokeshire County Council.
Any sums due in respect of loans to finance activities of the Trust shall be
charged to its revenue account.
Interest, as is appropriate, will be charged or credited to revenue account.
4. Accrual of Income & Expenditure
Employee Costs - salaries and wages shall be charged against the periods to
which they relate and if necessary estimated accruals made using previous pay
periods as a basis.
Supplies and services - a system of accruals and converted payments is
operated. Creditors will be accrued by cut off payments at the end of a
predetermined period of the following year and by the inclusion of estimates for
significant items remaining outstanding at this time based on quotations or past
costs. An exception to this principle relates to electricity and similar quarterly
payments which are charged at the date of meter reading rather than being
apportioned between financial years. This policy shall be consistently applied
each year and therefore does not have a material effect on any year's accounts.
Interest due but not paid shall be accrued in accordance with best practice.
Income - normally all income due shall be accounted for at the due dates.
5.
Stocks
Stocks will be valued in accordance with the SORP at the lower of cost or net
realisable value.
6.
Debtors
Debtors will be reviewed periodically throughout each year and a bad debts
provision established if deemed appropriate.
9

8.
Reserves
A Capital Development Fund shall be maintained for major repairs and
replacements of fixed assets. Additional contributions from operating surpluses
shall be appropriated to the Capital Development Fund.
Budget Surplus/Deficit
A balanced budget shall be set each year and budget monitoring measures put
in place to ensure potential deficits are detected early and action planned to
regularise the position.
Group Accounts
Since 2014-15 Tenby Trust Accounts have been consolidated into
Pembrokeshire County Council's Statement of Accounts in accordance with the
Code.
10

Tenby Pool - Fees &
Charges
Operating Activities
• Furthering the
Charitable Objectives
Admissions
Lessons
School Hire
Vending & Servery Sales
• Other Incoming
Resources
Grants Received (Note 1)
TOTAL INCOMING
RESOURCES
Tenby Pool - Expenditure
Operating Activities
• Furthering the
Charitable Objectives
Staffing (Note 5)
Premises (Note 7)
Vending & Servery
Other
Depreciation
Support Costs (Note 6)
TOTAL RESOURCES
EXPENDED
NET INCOMING /
(OUTGOING) RESOURCES
BEFORE TRANSFERS
TRANSFERS BETWEEN
FUNDS (Note 8)
NET INCOMING /
(OUTGOING) RESOURCES
BEFORE REVALUATIONS
& INVESTMENT ASSET
DISPOSALS
GAINS & LOSSES ON
REVALUATIONS &
DISPOSALS
NET MOVEMENT IN
FUNDS
FUNDS BROUGHT
FORWARD
FUNDS CARRIED
FORWARD
STATEMENT OF FINANCIAL ACTIVITIES
2023-24
Total
Funds
E
Unrestricted Unrestricted
Revenue
Funds
(129,557)
(60,278)
(88,088)
(9,913)
(163,905)
(451,741)
(144,642)
(76,073)
(96,100)
(8,548)
(101,403)
(426,766)
1 April 2024 to 31 March 2025
Restricted Restricted
Total Funds
Capital
Loans
(144,642)
(76,073)
(96,100)
(8,548)
(101,403)
(426,766)
282,099
150,946
7,379
1,586
46,864
9,731
498,605
(46,864)
297,214
113,521
4,368
1,942
47,153
9,721
473,919
(47,153)
47,153
(46,864)
297,214
113,521
4,368
1,942
47,153
9,721
473,919
(47,153)
(47,153)
276,221
229,357
1,683,399
1,912,756
•
1,460
1,460
1,046
1,046
(47,153)
(47,153)
(22,287)
(69,440)
1,910,250
1,840,810
(22,287)
(69,440)
1,912,756
1,843,316
11

Notes to Statement of Financial Activities
1. The grant receivable represents the contribution made to the Trust by the County Council
of £96,563 for 2024-25 (£159,065 for 2023-24) and the Welsh Government Free Swimming
Grant £4,840 for 2024-25 (£4,840 for 2023-24).
2. Neither the Trustees nor any person connected with them have received any remuneration
from the Trust.
3. Neither the Trustees nor any person connected with them have received any payment
towards expenses from the Trust.
4. There are no members of staff directly employed at Tenby Pool receiving emoluments in
excess of £60k per annum.
5. Analysis of staff costs
Salary
Employer's National Insurance
Employer's Superannuation
Total
Full Time Equivalents
6. Analysis of support costs:
2023-24
€
231,570
16,281
34,248
282,099
8.15
2024-25
€
247,776
15,819
33,619
297,214
8.68
Personnel/Accountancy
Training & Development
Payroll
Insurance Admin
Total
7. Premises Expenditure
Utilities
Chemicals & Cleaning
Building Repairs
Equipment
Insurance
Telephone
Total
2023-24
6,156
1,235
996
1,344
9,731
2023-24
117,968
16,158
5,913
8,881
1,520
506
150,946
2024-25
€
6,131
1,240
1,000
1,350
9,721
2024-25
90,026
5,703
5,414
8,989
2,730
659
113,521
8. Transfers between funds relate to depreciation charges for 2024-25.
12

BALANCE SHEET AS 31 MARCH 2025
2023-24
FIXED ASSETS
Tangible Fixed Assets
Freehold Land
Freehold Buildings
Gross Value
Accumulated Depreciation
Net Value
Equipment
Gross Value
: Accumulated Depreciation
Net Value
TOTAL NET FIXED ASSETS
CURRENT ASSETS & LIABILITIES
Current Assets
Stocks
Debtors
Investments
Cash In Transit
Current Liabilities
Trade Creditors
Cash Received In Advance
TOTAL NET CURRENT ASSETS
TOTAL NET ASSETS
FUNDS & CAPITAL ACCOUNTS
Capital Adjustment Account
Revaluation Reserve
Capital Development Fund
Unrestricted Funds
Reserve Fund (Revenue)
Reserve Fund (Capital)
1,886,125
9,680
1,886,125
1
1
177,797
(177,797)
1,895,805
2
1,518
39,162
(23,729)
40,680
(23,729)
16,951
1,912,756
294,134
1,601,672
14,444
1,460
1,046
1,912,756
2024-25
E
1,816,685
9,680
1,816,685
177,797
(177,797)
1,826,365
1,170
15.701
:
16,951
16,951
1,843,316
286,781
1,539,585
14,444
1,460
1,046
1,843,316
13

Notes to Balance Sheet
1. Analysis of movement of fixed assets:
2023-24
Land & Buildings
2024-25
Equipment
Land & Buildings
Equipment
Gross Assets
Balance B/fwd
Revaluation
Additions
Balance C/twd
1,708,929
186,876
177,797
1,895,805
(69,440)
-
177,797
1,895,805
177,797
1,826,365
177,797
Accumulated
Depreciation &
Impairment
Balance B/fwd
Depreciation charge
for Year
Revaluation
Balance C/fwd
42,481
46,864
177,797
-
47,153
177,797
(89,345)
(47,153)
177,797
177,797
Net Assets
1,895,805
1,826,365
The assets have been valued in accordance with the stated accounting policy. Where applicable,
assets have been valued by the Council's valuer, Bruton Knowles.
The effective date of revaluation was 31 March 2025, which was a full revaluation undertaken by
Bruton Knowles.
2. Investments represent revenue cash temporarily invested with Pembrokeshire County Council.
CASH FLOW STATEMENT
2023-2024
2024-25
Net Inflow/(Outflow) Per Statement of Resources
Add back: Depreciation
Decrease/ (Increase) in:
Stocks
Debtors
Cash In Transit
(46,864)
46,864
E
(47,153)
47,153
-
2,084
:
348
:
2,084
348
Increase / (Decrease) in:
Creditors
Income in Advance
Movement in Cash In Year
7,218
(23,729)
Balance Brought Forward
Balance Carried Forward
7,218
9,302
29,860
39,162
(23,729)
(23,381)
39,162
15,781
14

APPENDIX B
TENBY AND DISTRICT
SWIMMING POOL TRUST
ANNUAL REPORT 2024/25

Tenby and District Swimming Pool Trust
2024/25
It is my pleasure to present the introduction to the 2024/25 Annual Statement of
Accounts for the Tenby Swimming Pool Trust. This year's report reflects not only the
continued importance of the facility to the town of Tenby and its surrounding
communities, but also the exceptional dedication of the staff and the loyal support of
our customers, both of whom make this essential service possible.
The swimming pool remains a vital community asset, welcoming visitors of all ages
and supporting a wide range of health, leisure and educational activities. Our staff
have once again demonstrated outstanding professionalism and commitment,
delivering high-quality services and ensuring that every visitor receives a warm, safe
and positive experience. Their passion is central to the facility's ongoing success and
is recognised with deep appreciation.
Community engagement remains strong. During the 2024/25 period, the pool
recorded more than 60,000 visits. Over 350 children participated in the "Learn to
Swim" programme, and swimming lessons were delivered to 10 local primary
schools. In total, more than 500 pupils received tuition, with 89% of Year 6 learners
achieving the Swim Wales national curriculum gold standard-an impressive 4%
increase on the previous year. These achievements highlight the vital role the facility
plays in supporting local children's water safety and confidence.
Financial performance continues to be a key focus. As detailed in the full report, the
overall subsidy required for the year reduced significantly from £159,056 in 2023/24
to £96,563 in 2024/25, representing a 39% decrease. This improvement reflects both
an increase in income of £37,527 (13% growth, excluding grants) and a reduction in
utility costs. We remain encouraged by this positive trajectory and are optimistic
about maintaining momentum into 2025/26.
The structural condition of the facility, highlighted in previous reports, remains an
important consideration. We continue to work closely with the Trustees

(Pembrokeshire County Council) to secure a sustainable medium- to long-term
solution, with an outcome anticipated within the next 12 months.
Despite the challenges faced, the commitment of our staff and the steadfast support
of our customer base position the swimming pool as an essential community hub.
We look forward with confidence to the year ahead and to continuing our service to
the people of Tenby and the wider district in a responsible, effective and community-
focused manner.
Gary Nicholas
Leisure Services Manager