2024-03-31-accounts - South Lakeland Hydrotherapy Limited

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REGISTERED COMPANY NUMBER: 04431230 (England and Wales)

REGISTERED CHARITY NUMBER: 1094280

SOUTH LAKELAND. HYDROTHERAPY LimireD = Supp xing S42 dgate Fy «her PY Poor

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for South Lakeland Hydrotherapy Limited

South Lakeland Hydrotherapy Limited

Contents of the Financial Statements for the Year Ended 31 March 2024

	Page
Report ofthe Trustees	1to5
Independent Examiner's Report	6
Statement of Financial Activities	7
Balance Sheet	8
NotestotheFinancialStatements	9to12

South Lakeland Hydrotherapy Limited

Report of the Trustees for the Year Ended 31 March 2024

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 March 2024. 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 2015).

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04431230 (England and Wales)

Registered Charity number 1094280

Registered office Unit 6 Clawthorpe Hall Business Centre Burton in Kendal Carnforth Cumbria LA6 1NU

Trustees

C Ranshaw (Chairman)

C Engelbrecht (resigned 23 October 2023) P Glennon J Hogg (appointed 23 October 2023) R Power L Robinson (resigned 24 May 2023) N Scott D Stevens

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

Independent examiner

Timothy Clarke (FCCA)

The Examiner's relevant professional body is ICAEW

Bankers:

Barclays Cumberland Building Society Charity Bank Limited 9 Highgate 16 Finkle Street Fosse House Kendal Kendal 182 High Street Cumbria Cumbria Tonbridge LAY 4DF LAY 4AB Kent, TN9 1BE

South Lakeland Hydrotherapy Limited

Report of the Trustees for the Year Ended 31 March 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Objectives and Activities of the Charity

The objectives of the Charity, as laid down in the Memorandum and Articles of Association, are to advance, promote and support the provision of hydrotherapy facilities for the benefit of inhabitants of and visitors to the area of South Lakeland and surrounding districts with medical and/or special needs (including the disabled and/or elderly) and to do all or any of the following:

e To organise fund-raising and obtain donations and other financial support to assist those engaged in the provision of the facilities,
e To provide grants and other forms of financial assistance for the equipping and operation of the facilities,
e To provide equipment and manpower and other services which may assist those engaged in the provision of the facilities,
e To act asa funding partner with and/or become involved in the management operation of those engaged in the provision of the facilities,
e To provide advice and assistance to those engaged in the ownership and/or operation of the facilities,
e To provide advice and assistance to those (and to the families of those) having such medical and/or special conditions and who may benefit from the use of the facilities; and
e Toown and/or operate and/or manage all or any aspects of the facilities including the ownership and/or operation of any land or buildings or equipment or undertaking involved in doing so.

The Trustees confirm that they have referred to the general guidance on public benefit issued by the Charity Commission when reviewing and planning the Charity's aims and objectives.

Achievements and Performance of the Charity

The principal activity of the Charity is the raising of funds to support the long-term provision of hydrotherapy services for those who need and benefit from the therapy, especially those with disability or chronic conditions, in South Cumbria and North Lancashire.

At the end of March 2023, Sandgate Hydrotherapy Pool was transferred from Cumbria County Council to Westmorland & Furness Council (“WW&F”) as part of the local government reorganisation in Cumbria. The Pool staff also transferred to W&F. The Trustees of the Charity met with the relevant managers from W&F and the Pool Manager on a regular basis throughout the financial year.

The Pool continues to be funded through a combination of income streams:

e Fees paid by Pool users and various user groups, on a pay-as-you-go basis, e Direct costs paid by Westmorland & Furness Council,
e Indirect costs provided by Westmorland & Furness Council, as part of their overall facilities and staff management (e.g. finance, HR, Health & Safety, Buildings Maintenance, Insurance),
e Grants from the Charity to cover any budget shortfalls; and e Grants from the Charity to cover major capital expenditure and one-off projects.

To achieve this, during the year the Charity and Cumbria County Council continued to work in partnership to deliver the following funding strategy for the Pool:

South Lakeland Hydrotherapy Limited

Report of the Trustees for the Year Ended 31 March 2024

e Continue to increase income from Pool use

Key output measures of the success of the Pool each year are attendance figures and associated income from fees. Attendance numbers have now recovered to pre-pandemic levels and the number of referrals has increased significantly.

e Reduce the direct costs of the Pool

The Charity and the Council continue to look at ways to make capital investments to reduce the annual running costs. In recent years, these have principally centred on the cost of heating the Pool, as this is the major cost outside of staffing.

In 2020/21, the Charity secured grant funding of £10,500 to enable the installation of an equipment hoist for the pool. The installation of the hoist is still in progress, but it is hoped that the work will be completed in the next 12 months.

e Continue to raise donations and grant funding to cover any financial shortfalls

The Trustees have continued to secure grants from other key stakeholders (Lancashire and South Cumbria Integrated Care Board, Kendal Town Council and W&F) towards the running costs and capital costs of Sandgate Hydrotherapy Pool. In future years, the grant from W&F (previously from South Lakeland District Council) will be paid directly into the Sandgate Hydrotherapy Pool budget, rather than through the charity.

Recognising the Charity’s wider remit to promote the provision of hydrotherapy services in South Lakeland, during the year the Trustees worked in partnership with Greenwich Leisure Limited (“GLL’), the managers of Kendal Leisure Centre to provide specialist equipment for use at the leisure centre pool. A separately funded joint project resulted in the installation of a pool pod at Kendal Leisure Centre to enable wheelchair users to use the pool. The following grants were received by the charity towards the project:

e Cumbria Community Foundation - £10,000 e The Frieda Scott Charitable Trust - £5,000 e Garfield Weston - £3,500

In addition to being a valuable addition to accessible facilities in Kendal, this will also facilitate cross-referral of pool users of Kendal Leisure Centre and Sandgate Hydrotherapy Pool.

Financial Review

Details of the financial results for the year are set out in the accounts and the accompanying notes. The net movement of funds was a £14,420 increase (2022/23 £8,959 increase).

The total reserves at the year-end stood at £119,152 (2022/23 £104,732).

The Charity continues to generate voluntary income through a programme of popular local fundraising events. The Charity also continues to receive donations from pool users and other local individuals, showing the strong commitment that the users and local community feel towards Sandgate Hydrotherapy Pool.

The Trustees act on a purely voluntary basis. As such, the governance and administrative costs of running the Charity remain minimal, with most of the voluntary income being spent on the core charitable activities of the Charity.

South Lakeland Hydrotherapy Limited

Report of the Trustees for the Year Ended 31 March 2024

Reserves policy and going concern

The Board of Trustees and Directors has set a policy that requires reserves be maintained at a level which ensures that the Charity’s core activity could continue during a period of unforeseen difficulty. The Charity continues to ensure that reserves this year are maintained at an adequate level and hence the Charity has no going concern issues.

Share Capital

The company is limited by guarantee and therefore has no share capital.

Outlook for 2024/25 and beyond

The Trustees look forward to continuing to build the partnership with Westmorland & Furness Council, as the new owners and managers of Sandgate Hydrotherapy Pool. The Charity continues to organise fundraising events and thanks to fundraising efforts in previous years, the Charity has strong financial reserves. The Trustees remain confident that the activities of the Charity, together with the support of the various stakeholders, will mean that the long-term provision of hydrotherapy services at Sandgate Hydrotherapy Pool is secure.

STRUCTURE, GOVERNANCE AND MANAGEMENT

NATURE OF THE GOVERNING DOCUMENT AND CONSTITUTION OF THE CHARITY

Governing document

South Lakeland Hydrotherapy Limited is a charitable company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association. The constitution of the charitable company is laid down in the Memorandum and Articles of Association. Every member of the Charity undertakes to contribute such amount as may be required (not exceeding £10) to the Charity’s assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member.

Recruitment and appointment of the Trustees

The method of appointment or election of the Trustees is as laid down in the Memorandum and Articles of Association. The Trustees approach someone who they think may be interested and have the qualities and time to commit to the organisation. Any appointment is approved by a meeting of the Board of Trustees and Directors.

Trustee induction and training

All new Trustees and Directors are given a role and description outlining what the Charity expects from a member. They also receive copies of the Memorandum and Articles of Association and indepth information about the hydrotherapy services provided by the Pool.

THE ORGANISATIONAL STRUCTURE AND HOW DECISIONS ARE MADE

The Charity shall each year hold a general meeting as its Annual General Meeting in addition to any other meetings in that year. These meetings allow for a review of the income and expenditure and discussion and debate to take place and any decisions are shown in the written minutes.

The Articles of Association state that at the AGM one third of the Trustees who are subject to retirement by rotation or, if their number is not three or a multiple of three, the number nearest to one third shall retire from office; but, if there is only one Trustee who is subject to retirement by rotation, he shall retire. All retiring Trustees if they agree may be re-appointed by the AGM.

South Lakeland Hydrotherapy Limited

Report of the Trustees for the Year Ended 31 March 2024

A Steering Group of representatives of the Charity, Westmorland & Furness Council representatives and the Sandgate Hydrotherapy Pool Manager met regularly during the year. The information of the Steering Group enables the Trustees to use their expertise to support good management of the Pool with the intention of making the facility self-financing in the long-term.

STATEMENT OF DIRECTORS’ AND TRUSTEES’ RESPONSIBILITIES

The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity as at the end of the financial year and of the surplus or deficit of the Charity. In preparing those financial statements, the Board is required to:

e select suitable accounting policies and then apply them consistently,
e make judgements and estimates that are reasonable and prudent, e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business; and
e state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of and which are sufficient to show and explain the Charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees’ Report, and the responsibility of the Independent Examiner in relation to the Trustees’ Report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.

Approved by order of the Board of Trustees on (23d Octobe:2224 and signed on its behalf . L Colin Ranshaw (Chairman)— Trustee

Independent Examiner's Report to the Trustees of South Lakeland Hydrotherapy Limited

| report on the accounts for the year ended 31 March 2024 set out on pages7 to 12.

Respective responsibilities of Trustees and Examiner

The charity's Trustees (who are also the Directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

Having satisfied myself that the Charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under Section 145 of the 2011 Act,
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 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 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 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 ne opinion is given as to whether the accounts present a ‘true and fair view ' and the report is limited to those matters set out in the statements below.

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 386 and 387 of the Companies Act 2006; and
to prepare accounis which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Accounting ana Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appiicabie in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)

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.
_

Timothy Clarke (FCCA)

The Examiner's relevant professional body is ICAEW. |

nan CA ae

South Lakeland Hydrotherapy Limited

forStatementthe Yearof EndedFinancial31 ActivitiesMarch 2024

of Financial31 ActivitiesMarchActivitiesMarch forStatementthe the Yearof EndedFinancial31 ActivitiesMarch 31 ActivitiesMarch March	Financial31 ActivitiesMarchActivitiesMarch forStatementtheEndedFinancial31 ActivitiesMarch31 ActivitiesMarch 2024
					31.03.24	31.03.23
		Unrestricted Funds General Designated		Restricted Funds	Total Funds	Total Funds
	Notes	ra	£	£	£	£
INCOME AND
ENDOWMENTS FROM:
Donations and legacies	2	6,073	-	-	6,073	4,804
Charitable activities	3	9,827	-	-	9,827	6,343
Investment income	4	3,270	-	-	3,270	1,244
Other	5	-	-	37,500	37,500	20,500
Total		19,170	-	37,500	56,670	32,892
EXPENDITURE ON:
Fundraising Costs	6	1,534	-	-	1,534	975
Charitable activities	6	1,023	-	39,308	40,331	22,574
Governance Costs	6	384	-	-	384	384
Total		2,942	-	39,308	42,250	23,933
NET
INCOME/(EXPENDITURE)		16,228	-	(1,808)	14,420	8,959
RECONCILIATION OF
FUNDS
Funds Transfer		-	-	-	-	-
Total Funds brought
forward		31,045	-	73,687	104,732	95,772
TOTAL FUNDS CARRIED
FORWARD		47,273	-	71,879	119,152	104,732

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities. All activities derive from continuing operations.

There have been no recognised surpluses or deficits, other than the results for the financial year. The notes on pages 9 to 12 form an integral part of these accounts.

South Lakeland Hydrotherapy Limited

Balance Sheet At 31 March 2024

		31.03.24	31,03.23
	Notes	a	£
CURRENT ASSETS
Cash at bank and in hand		119,536	105,116
		119,536	105,116
CREDITORS
Amounts falling due within one year	9	(384)	(384)
NET CURRENT ASSETS		119,152	104,732
NET ASSETS		119,152	104,732
FUNDS	11
Unrestricted funds		47,273	31,045
Restricted funds		71,879	73,687
TOTALFUNDS		119,152	104,732

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2024 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
(ob) 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.

The financial statements were approved by the Board of Trustees on 23rd October 2o24 and werefe Colin Ranshaw (Chairman)- Trustee

South Lakeland Hydrotherapy Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

‘ls ACCOUNTING POLICIES

Accounting convention

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 2015)’, 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 and in accordance with the financial reporting standard for smaller entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Advantage has been taken of Section 396(5) of the Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the Charity's operation and to comply with the requirements of the SORP.

The financial statements are prepared, on a going concern basis, under the historical cost convention, as modified by the revaluation of freehold land and buildings and fixed asset investments.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Donations, legacies and similar incoming resources are included in the year in which they are receivable, which is when the Charity becomes entitled to the resource.

Income from membership subscriptions received in the nature of a gift is recognised in Donations and legacies.

Grants received are credited to the Statement of Financial Activities in the year in which they are received.

Bank Interest received is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

There has been no offsetting of assets and liabilities or income and expenses, unless required or permitted by FRS 102 SORP or FRS 102.

South Lakeland Hydrotherapy Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

th ACCOUNTING POLICIES —- continued

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource.

Fundraising costs include all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading.

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.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the audit fees and costs linked to the strategic management of the Charity.

Taxation

The charity has charitable status and is exempt from corporation tax on income it has received. The Charity is not registered for VAT. In these financial statements, where applicable, expenditure is shown inclusive of VAT. Winding up or dissolution of the Charity If upon winding up or dissolution of the Charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the Charity chosen by the members of the Charity at or before the time of dissolution. This is defined in the Memorandum and Articles of Association.

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 in accordance with the requirements set out by the donor/ grant provider.

2.

DONATIONS AND LEGACIES
	31.03.24	31.03.23
	£	£
Individual & Corporate donations	4,958	3,675
Friends’ membership donations	1,115	1,129
	6,073	4,804

South Lakeland Hydrotherapy Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

ot	CHARITABLE ACTIVITIES
		31.03.24	31.03.23
		£	£
	Fundraising	9,827	6,343
4.	INVESTMENT INCOME
		31.03.24	31.03.23
		£	£
	Bank Interest	3,270	1,244
5.	OTHER INCOME
		31.03.24	31.03.23
		£	£
	Grants Received	37,500	20,500
6.	ANALYSIS OF EXPENDITURE
		31.03.24	31.03.23
		£	£
	Fundraising Expenses
	Prize Draws and Quiz Prizes	1,105	915
	Fundraising events costs	429	60
		1,534	975
	Charitable activities
	Physiotherapist fees & Pool stafftraining costs	953	494
	Grants Towards Pool Operating & Capital Costs	39,308	21,979
	Sundry expenses	70	101
		40,331	22,574
	Governance Costs
	Independent Examiner’s Fees & othergovernance costs	384	384
7.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure) is stated after charging/(crediting):
		31.03.24	31.03.23
		£	£
	Independent Examiner’s fees	384	384
8.	TRUSTEES'REMUNERATIONANDBENEFITS

There were no Trustees’ remuneration, expenses or other benefits for the year ended 31 March 2024, nor for the year ended 31 March 2023.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

			31.03.24	31.03.23
			£	£
Creditors	&	Accruals	384	384

South Lakeland Hydrotherapy Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS

							31.03.24	31.03.23
		Unrestricted Funds			Restricted		Total	Total
		General	Designated		Funds		Funds	Funds
		£	£			£	£	£
	Current Assets
	Cash at Bank	47,657		-		71,879	119,536	105,116
	Current
	Liabilities
	Accruals	(384)			-	-	(384)	(384)
	Total	47,273			-	71,879	119,152	104,732
11.	MOVEMENT IN FUNDS
			At 1.4.23	Transfers		Income	Expense	At 31.03.24
			£		£	£	£	£
	UNRESTRICTED FUNDS
	General Funds		31,045		-	19,170	(2,942)	47,273
	Total Unrestricted Funds		31,045		-	19,170	(2,942)	47,273
			At 1.4.23	Transfers		Income	Expense	At 31.03.24
	RESTRICTED FUNDS		£		£	£	£	£
	Pool Running Costs		63,187		-	19,000	(20,000)	62,187
	Pool Pod Kendal Leisure		-		-	18,500	(18,500)	-
	Centre Project
	Pool Hoist Project		10,500		-	-	(808)	9,692
	TotalRestrictedFunds		73,687		-	37,500	(39,308)	71,879