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← South Lakeland Hydrotherapy Limited

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 04431230 (England and Wales) REGISTERED CHARITY NUMBER: 1094280

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Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 South for Lakeland Hydrotherapy Limited

South Lakeland Hydrotherapy Limited

Contents of the Financial Statements for the Year Ended 31 March 2025

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

South Lakeland Hydrotherapy Limited

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Report of the Trustees for the Year Ended 31 March 2025

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 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 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) P Glennon J Hogg R Power F Quinn (appointed 23 October 2024) N Scott D Stevens D Vipond Houghton (appointed 23 October 2024)

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.

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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 LAS 4AB Kent, TN9 1BE

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South Lakeland Hydrotherapy Limited Report of the Trustees for the Year Ended 31 March 2025

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:

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.

Since April 2024, Sandgate Hydrotherapy Pool has been owned and managed by Westmorland & Furness Council (“W&F”) as part of the local government reorganisation in Cumbria. The Pool staff are employed by 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:

To achieve this, during the year the Charity and W&F continued to work in partnership to deliver the following funding strategy for the Pool:

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South Lakeland Hydrotherapy Limited

Report of the Trustees for the Year Ended 31 March 2025

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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 and the number of referrals continue to increase. 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 Explore ways to improve the facilities at the Pool

During the year, the Charity provided W&F with a grant of £6,308 to replace the benches in the changing rooms. The Charity and W&F are also working on securing new waterproof wheelchairs for use in the shower rooms, as well as a major redesign of the entrance to the Pool to provide shelter for users in bad weather.

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 and Kendal Town Council) towards the running costs and capital costs of 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 £21,577 increase (2023/24 £14,420 increase).

The total reserves at the year-end stood at £140,729 (2023/24 £119,152).

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. During the year, donations more than doubled to £14,990.

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.

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.

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Share Capital

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

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South Lakeland Hydrotherapy Limited

Report of the Trustees for the Year Ended 31 March 2025

Outlook for 2025/26 and beyond

The Trustees continue 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.

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.

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South Lakeland Hydrotherapy Limited

Report of the Trustees for the Year Ended 31 March 2025

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:

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... AATIGT ADAS and signed on its behalf by:

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Colin Ranshaw (Chairman) — Trustee
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Independent Examiner's Report to the Trustees of South Lakeland Hydrotherapy Limited | report on the accounts for the year ended 31 March 2025 set out on pages 7 to 12.

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Respective responsibilities of Trustees and Examiner The charity's Trustees (who are alsa 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 fo: this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independen: 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:

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 anc © comparison of the accounts presented with those records, It also includes consideration cf a unusual items or disclosures in the accounts, and seeking explanations from you as Trustes concerning any such matters. The procedures undertaken do not provide all the evidence that wou be required in an audit, and consequently no opinion is given as to whether the accounts presen’ ‘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:

have not been met: or

Timothy Clarke (FCCA)

The Examiner's relevant professional body is ICAEW,

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South Lakeland Hydrotherapy Limited

Statement of Financial Activities for the Year Ended 31 March 2025

31.03.25 31.03.24
Unrestricted Funds Restricted Total Total
General Designated Funds Funds Funds
Notes £ £ £ £ £
INCOME AND :
ENDOWMENTS FROM:
Donations and legacies 2 14,990 - - 14,990 6.07
Charitable activities 3 10,368 - - 10,368 9,82
Investment income 4 4,021 - - 4,021 3.2
Other 5 - - 18,000 18000 375 '
Total 29,379 - 18,000 47,379 5
EXPENDITURE ON:
Fundraising Costs 6 1,060 - - 1,060 1,534
Charitable activities 6 7,786 - 16,500 24,286 40,331
Governance Costs 6 456 - - 456 384
Total 9,302 - 16,500 25,802 42,250
NET
INCOME/(EXPENDITURE) 20,077 - 1,500 21,577 14,420
RECONCILIATION OF
FUNDS
Funds Transfer - - - - -
Total Funds brought i
forward 47,273 - 71,879 119,152 104,72
TOTAL FUNDS CARRIED
FORWARD		 a
67,350		 ==—~—=~S,Bs140,729 _
149,		 i
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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 2025
31.03.25 31.03.24
Notes £ £
CURRENT ASSETS
Cash at bank and in hand 141.149 119.536
141,149 119,536
CREDITORS
Amounts falling due within one year 9 (420) (384)
NET CURRENT ASSETS 140.729 119.152
NET ASSETS 140,729 119,152
FUNDS 11
Unrestricted funds 67.350 47 273
Restricted funds 73.319 _711,879
TOTALFUNDS 140,729 119,152

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

The members have not required the charitable company to obtain an audit of its financial statemenis for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The Trustees acknowledge their responsibilities for:

The financial statements were approved by the Board of Trustees on aAAd NO4 A onROAS.a ae andMfwere signed| gn its behalf by:

Colin Ranshaw (Chairman) - Trustee

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South Lakeland Hydrotherapy Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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1. | 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.

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South Lakeland Hydrotherapy Limited

Noies to the Financial Statements - continued for the Year Ended 31 March 2025

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  1. 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 DONATIONS AND LEGACIES
31.03.25 31.03.24
£ £
Individual & Corporate donations 13,971 4,958
Friends’ membership donations — 1,020. 1,115
14,990 6,073

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South Lakeland Hydrotherapy Limited

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Notes to the Financial Statements - continued for the Year Ended 31 March 2025

3. CHARITABLE ACTIVITIES
31.03.25 31.03.24
£ £
Fundraising 10,368 9,827
4. INVESTMENT INCOME
31.03.25 31.03.24
gE £
Bank Interest 4,021 3,270
5. OTHER INCOME
31.03.25 31.03.24
E £
Grants Received 18,000 37,500
6. ANALYSIS OF EXPENDITURE
31.03.25 31.03.24
Fundraising Expenses
Prize Draws and Quiz Prizes 935 1,105
Fundraising events costs 125 429
1,060 1,534
Charitable activities
Physiotherapist fees & Pool staff training costs 1,405 953
Grants Towards Pool Operating & Capital Costs 22,808 39,308
Sundry expenses 73 70
24,286 40.331.
Governance Costs
Independent Examiner's Fees & other governance costs 456 384
Ti NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.03.25 31.03.24
£ £
Independent Examiner's fees 7 456 ss33:84
  1. TRUSTEES' REMUNERATION AND BENEFITS There were no Trustees' remuneration, expenses or other benefits for the year ended 31 March 2025, nor for the year ended 31 March 2024. 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.03.25 31.03.24
£ £
Creditors & Accruals 420 384

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South Lakeland Hydrotherapy Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

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  1. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
General
Designated		 Unrestricted
Funds
General
Designated		 Unrestricted
Funds
General
Designated		 Restricted
Funds		 Restricted
Funds		 31.03.25
Total
Funds		 31.03.24
Total
Funds
£ £ £ £ £
Current Assets
Cash at Bank 67,770 ~ 73,379 141,149 119,536
Current
Liabilities
Accruals (420) - - (420) (384)
Total 67,350 - 73,379 140,729 119,152
11. MOVEMENT IN FUNDS
At 1.4.24 Transfers Income Expense At 31.03.25
UNRESTRICTED FUNDS
General Funds 47,273 - 29,379 (9,302) 67,350
Total Unrestricted Funds 47,273 - 29,379 (9,302) 67,350
At 1.4.24 Transfers Income Expense At 31.03.25
RESTRICTED FUNDS £ £ £ £ £
Pool Running Costs 62,187 - 18,000 (16,500) 63,687
Pool Hoist Project 9,692 - - - 9,692
Total Restricted Funds
_		 71,879 - 18,000 (16,500)- _73,379

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