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← The Pelican Centre Ltd

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 07712000 (England and Wales) REGISTERED CHARITY NUMBER: 1159655

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE PELICAN CENTRE LTD

Fairhurst Accountants Ltd Chartered Accountants Douglas Bank House Wigan Lane Wigan Lancashire WN1 2TB

THE PELICAN CENTRE LTD

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5
Statement of Cash Flows 6
Notes to the Statement of Cash Flows 7
Notes to the Financial Statements 8 to 14

THE PELICAN CENTRE LTD (REGISTERED NUMBER: 07712000)

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 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To promote for the benefit of the inhabitants of Tyldesley and the surrounding area the provision of facilities for recreation or other leisure time occupation, in particular swimming, for the public at large in the interests of social welfare and with the objective of improving the condition of life of said inhabitants.

Significant activities

The management team has continued to develop both the operational leisure and recreational activities of the charity and the social welfare of the surrounding area and in so doing, have strengthened the future viability of the organisation by both recording a substantial increase in the annual surplus and an improvement of and expansion in the services offered to both customers and the wider local population.

The expansion of the swimming programme has included both additional one to one adult swimming lessons which have proved to be very popular and the integration of additional school swimming lessons bringing the total of lessons delivered in year to in excess of 470.

Our Here4You gym programme to support return to exercise and improvements in health and wellbeing and to develop wellbeing workshops to address women's health, meditation and stress management issues, has been proved to be successful and has been further developed in year to reach a wider audience and attract wider participation.

The charity has returned a surplus for the year of £59,584, which is very pleasing and will be used to further the charities objectives.

Public benefit

Our main activities and the groups at which they are aimed are described above within Objectives and Activities. All of our charitable activities are focused on furthering our charitable objectives for the public benefit of the local community.

STRATEGIC REPORT

Reserves policy

The reserves policy is reviewed annually by the trustees in light of current events. The unrestricted reserves are currently £492,852 and the free reserves (net current unrestricted assets) stand at £224,835.

This is in line with the board's recommendation of holding 3 months running costs of the charity in free reserves which, based on these accounts, currently stands at £175,000.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The role, scope and responsibilities of the Trustees are enshrined in law, principally the Charities Act 2011 and the Companies Act 2006, and also the Articles of Association.

Recruitment and appointment of new trustees

Co-opted Trustees are selected following a search, advertising on the club website and personal recommendation. They meet with at least two existing Trustees, including the Chairman of the charity. It is the intention of the charity to have Trustees who have a strong interest in the sport of swimming, especially to encourage wide community participation for health and leisure purposes, and an appreciation of the governance role. The policy is to have a strong, gender diverse trustee board with a range of experience and skills.

Page 1

THE PELICAN CENTRE LTD (REGISTERED NUMBER: 07712000)

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The trustees actively review the major risks which The Pelican Centre faces on a regular basis. These include health and safety, operational and human risks as well as reputational and financial risks. The trustees believe that the maintenance of general reserves, combined with the regular review of controls over financial systems, will provide sufficient resources in the event of adverse conditions.

The trustees have also examined the other operational and business risks which The Pelican Centre faces and confirm that policies and systems have been established to mitigate most of the significant risks. It is noted that, as a consequence of its status as a company limited by guarantee, the trustees of the company are liable to contribute £1 each should the company be wound up insolvent.

Public Liability Insurance is purchased in respect of certain events where the potential for liability exists.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07712000 (England and Wales)

Registered Charity number

1159655

Registered office

Tyldesley Swimming Pool Castle Street Tyldesley Manchester M29 8EG

Trustees

P A Costello J A Johnson Mrs A Roberts Dr A R T Thompson (resigned 27/2/2025)

Independent Examiner

Fairhurst Accountants Ltd Chartered Accountants Douglas Bank House Wigan Lane Wigan Lancashire WN1 2TB

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

........................................................................ J A Johnson - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PELICAN CENTRE LTD

Independent examiner's report to the trustees of The Pelican Centre Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mrs Jane Dennis BA (Hons) FCA

Fairhurst Accountants Ltd Chartered Accountants Douglas Bank House Wigan Lane Wigan Lancashire WN1 2TB

Date: .............................................

Page 3

THE PELICAN CENTRE LTD

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 March 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
46,650
Charitable activities
5
Leisure & Recreational activities
639,886
Other trading activities
4
79,097
Total
765,633
EXPENDITURE ON
Raising funds
6
7,499
Charitable activities
7
Leisure & Recreational activities
698,550
Total
706,049
NET INCOME
59,584
RECONCILIATION OF FUNDS
Total funds brought forward
433,268
TOTAL FUNDS CARRIED FORWARD
492,852		 Restricted
funds
£
34,246
-
-
34,246
-
34,246
34,246
-
-
-		 2025
Total
funds
£
80,896
639,886
79,097
799,879
7,499
732,796
740,295
59,584
433,268
492,852		 2024
Total
funds
£
49,800
582,679
76,113
708,592
7,267
616,693
623,960
84,632
348,636
433,268

The notes form part of these financial statements

Page 4

THE PELICAN CENTRE LTD (REGISTERED NUMBER: 07712000)

STATEMENT OF FINANCIAL POSITION 31 March 2025

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Stocks
13
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
16
NET ASSETS
FUNDS
19
Unrestricted funds
TOTAL FUNDS		 2025
£
329,723
1,450
27,710
433,756
462,916
(238,081)
224,835
554,558
(61,706)
492,852
492,852
492,852		 2024
£
196,258
1,450
26,223
419,560
447,233
(121,449)
325,784
522,042
(88,774)
433,268
433,268
433,268

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 company to obtain an audit of its financial statements 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 and authorised for issue on ............................................. and were signed on its behalf by:

............................................. J A Johnson - Trustee

The notes form part of these financial statements

Page 5

THE PELICAN CENTRE LTD

STATEMENT OF CASH FLOWS for the Year Ended 31 March 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Net cash (used in)/provided by financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
216,378
(10,832)
205,546
(166,914)
(166,914)
-
(24,436)
(24,436)
14,196
419,560
433,756		 2024
£
127,931
(2,655)
125,276
(45,350)
(45,350)
92,900
(12,097)
80,803
160,729
258,831
419,560

The notes form part of these financial statements

Page 6

THE PELICAN CENTRE LTD

NOTES TO THE STATEMENT OF CASH FLOWS for the Year Ended 31 March 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest paid
Increase in stocks
Increase in debtors
Increase in creditors
Net cash provided by operations		 2025
£
59,584
33,449
10,832
-
(1,487)
114,000
216,378		 2024
£
84,632
23,450
2,655
(600)
(734)
18,528
127,931

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24 Cash flow At 31/3/25
£ £ £
Net cash
Cash at bank and in hand 419,560 14,196 433,756
419,560 14,196 433,756
Debt
Debts falling due within 1 year (24,437) (2,632) (27,069)
Debts falling due after 1 year (88,774) 27,068 (61,706)
(113,211) 24,436 (88,775)
Total 306,349 38,632 344,981

The notes form part of these financial statements

Page 7

THE PELICAN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

The Pelican Centre is a charitable company, limited by guarantee, registered in England and Wales. The charitable company's registered number and registered office address can be found in the Report of the Trustees.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with 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 02) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

There are no material uncertainties regarding the charities ability to continue as a going concern.

The financial statements are presented in Sterling (£).

Income

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

Income from schools for swimming lessons is recognised at the fair value of the consideration receivable for services provided. Income is recognised according to the period to which it relates. Amounts invoiced in advance of the service being performed are accounted for as deferred income and recognised as income in the appropriate period, once the service has been performed.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.

Irrecoverable vat

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

Governance costs

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - over the remaining term of the lease Plant and machinery - 25% on cost Computer equipment - 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charitable company is exempt from taxation on activities relating to its primary trading purpose.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

continued...

Page 8

THE PELICAN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Fund accounting

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Contributions payable to employees personal pension schemes are charged to the Statement of Financial Activities in the period to which they relate.

Grants

Grants received are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of any grant is deferred, it is recognised as deferred income.

3. DONATIONS AND LEGACIES

Unrestricted
Restricted
funds
funds
£
£
Grants
46,650
34,246		 2025
Total
funds
£
80,896		 2024
Total
funds
£
49,800

Grants received, included in the above, are as follows:

Sports England
Government Initiative
National Lottery
ERF		 2025
£
6,572
2,375
44,275
27,674
80,896		 2024
£
-
500
49,300
-
49,800

4.

OTHER TRADING ACTIVITIES

Unrestricted
Restricted
funds
funds
£
£
Hairdryers
2,765
-
Lockers
174
-
Vending machine income
1,297
-
Resale of goods
14,784
-
Private hire
60,077
-
79,097
-		 2025
Total
funds
£
2,765
174
1,297
14,784
60,077
79,097		 2024
Total
funds
£
2,705
286
1,060
15,331
56,731
76,113

continued...

Page 9

THE PELICAN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

5. INCOME FROM CHARITABLE ACTIVITIES

Activity
Memberships
Leisure & Recreational activities
Swimming lessons
Leisure & Recreational activities
General swimming
Leisure & Recreational activities
Gym membership
Leisure & Recreational activities
Lifeguard sessions
Leisure & Recreational activities
Discount cards
Leisure & Recreational activities
6.
RAISING FUNDS
Other trading activities
Unrestricted
funds
£
Purchases
7,499
7.
CHARITABLE ACTIVITIES COSTS
Leisure & Recreational activities
8.
SUPPORT COSTS
Leisure & Recreational activities
9.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 Restricted
funds
£
-
Direct
Costs
£
723,807		 2025
2024
£
£
8,960
6,820
318,986
292,299
51,885
51,811
253,622
220,850
213
3,600
6,220
7,299
639,886
582,679
2025
2024
Total
Total
funds
funds
£
£
7,499
7,267
Support
costs (see
note 8)
Totals
£
£
8,989
732,796
Governance
costs
£
8,989
2025
2024
£
£
33,449
23,450

continued...

Page 10

THE PELICAN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

10. TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

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

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2025
£
321,567
14,405
10,035
346,007		 2024
£
275,749
13,687
7,754
297,190

The average monthly number of employees during the year was as follows:

Manager
Support staff (FTE)		 2025
1
10
11		 2024
1
9
10

No employees received emoluments in excess of £60,000.

12. TANGIBLE FIXED ASSETS

Improvements
to
property
£
COST
At 1 April 2024
209,427
Additions
161,592
At 31 March 2025
371,019
DEPRECIATION
At 1 April 2024
60,036
Charge for year
18,338
At 31 March 2025
78,374
NET BOOK VALUE
At 31 March 2025
292,645
At 31 March 2024
149,391		 Plant and
machinery
£
117,476
1,656
119,132
71,904
13,473
85,377
33,755
45,572		 Computer
equipment
£
9,007
3,666
12,673
7,712
1,638
9,350
3,323
1,295		 Totals
£
335,910
166,914
502,824
139,652
33,449
173,101
329,723
196,258

continued...

Page 11

THE PELICAN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

13. STOCKS

2025
£
Stocks
1,450
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade debtors
9,747
Other debtors
38
Prepayments and accrued income
17,925
27,710
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Bank loans and overdrafts (see note 17)
10,469
Other loans (see note 17)
16,600
Trade creditors
19,536
Social security and other taxes
3,171
Other creditors
178,765
Accruals and deferred income
28
Accrued expenses
9,512
238,081
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
£
Bank loans (see note 17)
1,770
Other loans (see note 17)
59,936
61,706
17.
LOANS
An analysis of the maturity of loans is given below:
2025
£
Amounts falling due within one year on demand:
Bank loans
10,469
Other loans
16,600
27,069
Amounts falling between one and two years:
Bank loans - 1-2 years
1,770
Other loans - 1-2 years
18,976
20,746

continued...

Page 12

THE PELICAN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

17. LOANS - continued

Amounts falling due between two and five years:
Bank loans - 2-5 years
Other loans - 2-5 years
18.
ANALYSIS OF NET ASSETS BETWEEN FUNDS		 2025
£
-
40,960
40,960		 2024
£
1,769
59,936
61,705
Unrestricted
fund
£
Fixed assets
329,723
Current assets
308,329
Current liabilities
(83,494)
Long term liabilities
(61,706)
492,852
19.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Solar Panel Fund
Sports England fund
TOTAL FUNDS		 Restricted
funds
£
-
154,587
(154,587)
-
-
At 1/4/24
£
433,268
433,268
Incoming
resources
£
765,633
27,674
6,572
34,246
799,879		 2025
2024
Total
Total
funds
funds
£
£
329,723
196,258
462,916
447,233
(238,081)
(121,449)
(61,706)
(88,774)
492,852
433,268
Net
movement
At
in funds
31/3/25
£
£
59,584
492,852
59,584
492,852
Resources
Movement
expended
in funds
£
£
(706,049)
59,584
(27,674)
-
(6,572)
-
(34,246)
-
(740,295)
59,584

continued...

Page 13

THE PELICAN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1/4/23
£
Unrestricted funds
General fund
348,636
TOTAL FUNDS
348,636
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
708,592
TOTAL FUNDS
708,592		 Net
movement
At
in funds
31/3/24
£
£
84,632
433,268
84,632
433,268
Resources
Movement
expended
in funds
£
£
(623,960)
84,632
(623,960)
84,632

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

21. CONTROL

The company is under the control of the trustees.

Page 14