Charity registration number 1168520 Company reglstratlon number 09911905 (England and Wales) HALTWHISTLE SWIMMING & LEISURE CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GROUP BUSINESS ADVISORS & ACCOUNTANYS st Matthews House Haugh Lane Hexham Northumberland NE46 3PU
HALTWHISTLE SWIMMING & LEISURE CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees A Sharp A Hugman M Teasdale A Mitchell Mrj Clark J L Rickerby Mr M Ridley J Kenworthy H R Conlev (Appointed 26 April 2023) (Appointed 30 November 2023} J Clark M Ridlev Secretary M Wilson Charity number 1168520 Company number 09911905 Prlnclpal address Greencroft Haltwhistle Northumberland NE49 9DP Registered office Greencroft Haltwhistle Northumberland NE49 9DP Independent examiner JHart TC Group St Matthews House Haugh Lane Hexham Northumberland NE46 3PU
HALTWHISTLE SWIMMING & LEISURE CEMfRE CONTENTS Page Trustees, report Independent examlner's report io Statement of financial activities 11-12 Balance sheet 13-14 Notes to the financlal statements 15-31
HALTWHISTLE SWIMMING & LEISURE CENTRE TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORn FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporttng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" Objectlves and activities The Centre is the legary from the former mlne owners in 1975. Originally consisting of three heated outdoor swimming pools and changing area, it has grown incrementally to embrace a large multrpurpose indoor Sports Hall, a small café, gym and studlo for classes. There is an outdoor Astro Turf area and car park. Further away, the Centre Is responsible for the Vlllage Green, whlch offer5 a variety of leisure and recreatlonal facllities Including a football pitch, a circuit for BMX bikes and a variety of fauna for walker5. Our charity's purpose is to contribute to the health and wellbeing of the local community by encouragin8 particlpation in 5POrt and exercise. It is described in the objects of our Articles of Association to improve the condition of life of the inhabitants of Haltwhistle and surrounding area by promoting and providing recreation facllities lor other leisure time activity) to meet soclal and economic needs, or for the publlc at large in the interests of social welfare. Haltwhistle is a small town located on the Northumberland/Cumbria borthr between Hadrian's Wall and the North Pennines. The nearest leisure centre facilities are in Hexham117 miles distantl and Carlisle124 miles away). Access to these facilities is difficult for the inhabltants of Haltwhistle and surrounding hamlets due to the rural area and infrequency of public transport.
HALTWHISTLE SWIMMING & LEISURE CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORll (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Makin sure our work delivers our aims We review our aim5, objectives and activities each year. This review look5 at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those group5 of people we are set up to help, The review also help5 us ensure our aim, objectives and activities remain focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in plann ing ou r future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. The focus of our work Our main objectives for the year continued to be the promotion and provision of recreational and sporting activities in Haltwhistle, contributing to the health and wellbeing of the community. The strategies we used to meet these objectives Included: providlng high quality sports facilities to create opportunities for participation in sports and social activities th rough two main sites in the town; providing coaching and leadership to enable progression in sport to meet individual goals by employing competent and ambitious staff; ensuring high quality management and maintenance of the facilities at both locations. to contribute to the economic and Social strength of the town by enhancing communlty and tourlsm facilities; and • exploring future needs of residents of Haltwhlstle and the surrounding area. How our activi es deliver ublic benefit The trustees have considered the guidance produced by the Charity Commission on the provision of public benefit and they confirm that pu blic benefit has been provided by having aims that fall within the charitable purposes of the advancement of education, health and amateur sport. All our activitie5 focus on prom oting and providing leisure and recreationa l activities to improve the condition of life for residents.
HALTWHISTLE SWIMMING & LEISURE CENTRE TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance Who used and benefited from our 5ervicesP Our figures show that we had 102,217 users of the leisure centre (the principal venue) for the period from the l April 2023 to the 31 March 2024. Numbers increased by 8,170 on the previous year. The upturn demonstrates the Charity's commitment to continue to provide activitres and facilitie5 that meet the needs of the community and its customers. We had a good summer season with the swimming pools hosting 27,799 customers. This is a decrease on last year's user numbers which Is due to the exceptional hot weather we had last year. In addition to the principal venue, the Centre remains responsible for the Village Green in Haltwhistle, which hosts organised football matches during the season, as well as recreational use from walking to BMX biking. Funding from the Slr James Knott Trust, the Co-op Communlty Fund, the Rothley Trust and the Joicey Trust enabled us to improve the play equlpment and park area wlth a new trim trail being installed. Tiling to the free board of the main pool was undertaken, much improving the aesthettcs of the pool. Northumberland Community Chest and the Chuter CIO helped us to purchase a new bouncy castle and 50ft play equipment for our popular soft play sessions. This has enabled u5 to meet demand by increasing the amount of toys we can offer, as well as en5urin8 the equipment meets current standards. We have been able to increase class sizes with the addition of more hand held dumb bells purchased from funding from the Smith's Trust. The Community Foundation provided us with a 8rant so we could purchase a pool hoist to assist with dlsabled access to the pools and to purchase accessible pool ladders for our less able customers. Funding from Haltwhistle Partnership was used to purchase new gymnastic mats for our gymnastics club which will benefit over 60 children as well a5 the very young who attend our'Tiny Tumbles. sessions. The Centre was able to offer the community a fantastic party for the Coronation of King Charles wth funding from Northumberland County Council's Coronation Fund. We were able to purchase new football goals, with funding from Barclays Sorted, so we can now deliver sessions for younger children.
HALTWHISTLE SWIMMING & LEISURE CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT} ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financlal review The accounts for the year ended 31st March 2024 detail that the Charity reported net incoming resources of 1£66.5061 compared to £13.360 the previous year. Many areas of the building and outdoor site have not been updated since 2002 and many improvements have been carried out this year to ensure the safety of staff and customers and to keep facilities at a level that meets customer expectation5. The improvements that have been carried out this fi-nancial year include the repair to the tiling on all three pools. Lighting has been replaced with LED lights to help with energy costs and the environmental impact. Our fitness suite has been redecorated and old equipment has been replaced to maintain the health and safety of users. We have had new play equipment installed in the park area which meets current standards. New football goals have been purchased to accommodate new sessions for younger children. A new booking system has been introduced following feedback from our customers. At the year end the Charity had unrestrlcted funds totaling £1,586,112. The Trustees have set aside a designated fund of £150,000 within the unrestricted funds as a reserve to cover any disruption or downturn in the Centre's income or unforeseen expenditure. A substantial component of these unrestricted funds were tangible assets £1,352,500 which the Centre is responsible for maintaining developin8. consisting of a large sports hall, fitness suite, studio, external AstroTurf area and outdoor swimming pools as well as a village green that include5 an adult football pitch and BMX circuit. These assets are not convertible to cash without the consent of the Custodian Trustee, which is Ha1twhiSt Town Council. The Centre is likely to incur extensive legal costs and negotiation should it choose to pUue this purpose. Restricted and endowment funds amounting to £22,265 were on hand at the year end. The strategy is to continue to build reserves through planned resource surpluses but in the short term the trustees have consldered alternative measures to reduce expenditure should such circumstances arlse. Princi al fundin source The principal Income this year was generated from charitable activities, with an additional Income of £121,831 from donations and legacies, which includes the continuing grant support from Northumberland County Council of £56,454 for the Centre's core activities and £41,083 from Haltwhi5tle Town Council. A further £21.880 was received in grant funding from the following funders.. Community Foundation, Northumberland Community Chest, Co-op local community fund. Haltwhistle Partnership, Sir Jame5 Knott and Smiths Trust. These grants have financed the purchase of new equipment or new activities. £2,414 was raised in donations. Investment olic Trustees are mindful of the seasonal nature of their operations. Balancing the impact of this against their financial responsibilities is a complicated task. Trustees are determined to make the most of their improving liquidity by increasing the return on investment of liquid funds. Investment policies are reviewed at the beginning of the new financial year.
HALTWHISTLE SWIMMING & LEISURE CENTRE TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Risk Mana em The trustees have conducted a review of the major risks to which the Centre is exposed. Where appropriate, systems or procedures have been established to mitigate the risk5 the charity face5. The trustees seek appropriate advice through their insurers, accountants and Northumberland County Council. Internal control risks are minimi5ed by the implementation of procedures for authorisation of all transactions and projects. Procedure5 are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the centre. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. Haltwhistle Swimming & Leisure Centre complies with all sporting acting bodies recommendations and guidance on safe practices and follows the Health & Safety Executives guidance and law. Risk assessments are in place for the buildings and all activities that take place within the centre, The'Pool Safety Operating Plan, is in place and reviewed regularly. Lifeguard trainin8 and qualifications meet RLSS standards and all staff receive instruction on health & safety as part of their induction. Trustees are widening there options for Investment of funds ensu rlng thelr responslbillty of care and management of resources and reviewing contracts to obtsin ongoing access to legal advice.
HALTWHISTLE SWIMMING & LEISURE CENTRE TRusfEES' REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Many areas of the building and outdoor site have not been updated since 2002 and are in need of refurbishment a nd repair to ensure the safety of staff and customers and to keep facilities at a level that meets customer expectations. Directors agreed an improvement plan for the previous financial year with the aim to be completed within two years. The improvements that have been carried out this financial year include.. Repair of tiling to all pools New football goals were purchased to support sessions for younger children A new booking system for swimming is in place Improvements have been made to the outdoor play area. Further lighting to be replaced with LED lights A new leg curl/extension machine has replaced the old leg curl machine in the fitness suSte Redecoration of the fitne5S 5Uite ha5 been completed Improvements remalnlng are: Ongoing exploration of the possibility of adding an all-weather astro pltch (Playzonel Thi5 is in partnership with Northumberland Countycouncll Refurbishment of pu blic café area Redecoration of public and office areas Further upgrades to plant room The improvement plan was reviewed at the beginning of this linancial year and directors agreed the new areas of improvement to be added to the remaining items are: Redecoration of fitnes5 Studio Replace the big pool heat retention cover Replace and add showers to the wet area Upgrade reception Dlrectors have deslgnated some funding to carry out the improvements, however external funding will be sought to support thSs work.
HALTWHISTLE SWIMMING & LEISURE CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) IcowfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure• governance and management Governin Documen The organisation is a charitable company limited by guarantee, incorporated on 10 December 2015, as amended by special resolution registered at Companies House on 25 July 2016, registered as a charity on 29 July 2016 and commenced its activities on l April 2017. The charitable company was established under Memorandum of Association which established the objectives and powers of the charitable company and is governed by its Articles of Assoclation, On 6 March 2020, the Charity Commlsslon confirmed that the charlty called Haltwhlstle Social Welfare Charity {HSWCI Should be treated as a linked charity and treated as forming part of Haltwhistle Swimming and Leisure Centre, which would be the reporknng charity, under Part 4 Iregistrationl and Part 8 laccountingl of the Charities Act 2011. This charity was responsible for the land and recreational facilities at the town's village green. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: A Sharp A Hugman M Teasdale A Mitchell Mrj Clark J L Rickerbv Mr M Ridlev J Kenworthv H R Conley J Clark M Ridley {Appointed 26 April 20231 (Appointed 30 November 20231 ru ee and Trainin All of the trustees are familiar with the practical work of the charity and visit the centre regu larly, Some of them help voluntarily at the centre. New trustees are introduced to our work by the chairman and centre nBnager to familiarise themselves with the charity and the context within which it operates. This covers: The obligations of trustee members. The main documents which Set out the operational framework for the charity including the Memorandum and Articles. Resourcing and the current fi na ncial position as set out in the latest published accounts. Future plan5 and objectives. Trustees are signp05ted to the Charity Commission website and the Commission's guide "the Essential Trustee" as a follow up to these sessions. A question & answer pack will be provided to all new trustees f rom the charity commission pu blication "the essential trustee" All new trustee5 are provided with the Articles of Association and the latest financia I statements. An introduction to the services and activities of the Centre 15 provided by the centre manager.
HALTWHISTLE SWIMMING & LEISURE CENTRE TRusfEES' REPORT (INCLUDING DIREcfoRS' REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The 9 trustees of Haltwhistle Swimming and Leisure Centre, who are also direttors, meet monthly and are responslble for the strategic direction and policy of the charity. The trustees have received full financial and admlnistrative reports at each meeting from the Manager. The Events commlttee have met regularly during this period. The events committee is ran by Judith Rickerby, Michael Ridley, Amanda Mitchell and Mabel Teasdale, who are also trustees. They have, alongside staff a nd volu nteers held several successful fundraising events including raffles, a very successful plant fair and prize bingo. Thank you to the Events committee for all their work In organising and delivering the fundraising events, The centre manager is responslble to the Board of trustees and hold regular meetings Wlth the charman to ensure that the charity dellvers the servlces speclfied and the key oblectives are met. The centtp manager has responsibility for the staff team and also to ensure that the team continue to develop their skills and working prattices In line with good practice. A scheme of delegation Is In place and the day to day responsibility for the Centre rests with the duty managers. There are no related party transactions in the year, although members of Northumberland County Council and Haltwhlstle Town Councll have representation in the trustees of the Centre.
HALI ¥vHISTLE SWIMMING & LEISURE CENTRE TRUSTEES, REPORT (INCWDING DIREcfoRS' REpom (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 And finally... I would like to thank the staff, the trustees And our volunteers for their continued hard work and commitment to the Centre. We are very grateful for the financial support we have received from Northumberland County Councll and Haltwhistle Town Council and the advice and support from Active Northumberland over the past vear. We will continue to work closely with them. regarding the business and financial support we need to implefflent our idea5 and to safeguard the future of the Centre, The trustees, report was approved by the 8oard of Trustees. A Sharp Trustee Igl li.z+ M Teasdale Trustee
HALTWHISTLE SWIMMING & LEISURE CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRLIsT OF HALTWHisnE SWIMMING & LEISURE CENTRE I report to the trustees on my examlnation of the financlal statements of Haltwhistle Swlmmlng & Lelsure Centre (the charbtyl for the year ended 31 March Z024. Respon51bllitles and bas65 of report As the trustees of the charty land aI501ts dlrector5 for the purposes of company lawl vou are re5ponslble for the preparatlon of the financlal statements in accordonce with the requirements of the Companies Art 2006 {the 2006 Havlne satlsfled rnyself that the financlal statements of the charlty are not requlred to be audlted under Part 16 of the 2006 Act and are ellElble lor independent examination, I report in respect of my examlnation of the charivs financial ststements carrled out under section 145 of the Charitles Act 2011 Ithe 2011 Actl. In carrying out my exarninatlon I have followed all the applicable Directlons given by the Charity Cornmi5$1on under sectlon 14515llbl of the 2011 Art. Indep•nd•nt examlner'$ slat•m¢nt Slnce the charlty's gross Income exceeded £250.LWJO your examlner must be a member of a body Ilrted In sectlon 145 of the 2011 Act. I confirm that l am quallfled to undertake the examlnètlon becaus* l am a rnember of ICAS, whlth is one of the115ted b¢>Jles. I have completed my examlnatlon. I conflrm that no matters have come to my attentlon In connection with the examinatlon givlng me cause to belleve that In any materlal SPeCt.. accountlng records were not kept in respect of the charity as required by Section 386 of the 2006 Act: or the flnanclal statements do not accord with those records,. or the financlal statements do not comply wlth the accounting reqU1MentS of sectlon 396 01 the 2006 Act other thpn any requirement that the accounts glve a true and falr vlew whlch15 not a matter considered as part of an independent examination; or the financlal statements have not been prepared In accordance wlth the methods and PflncS?les of the Statement of Recommended Practlce for accountlng and reporting by charities appllcable to charltles preparlng their accounts In accordance wh the Flnanclal ReportinK Stondard applicable In the UK and Republlc of Ireland (FR5 1021. I have no concern5 and have come across no other matters In connectlon with the examlnation to which èttentlon should be drawn in thls report in order to enable a proper understandlng of the financial 5tatément5 to be reached. IA.Y JHart TC Group St Matthews House Haueh Lane Hexham Northumberland NE46 3PU Dated: 10
HALTWHISTLE SWIMMING & LEISURE CENfRE STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE AccOur FOR THE YEAR ENDED 31 MARCH 2024 Current financial year Unrestricted Designated Restricted Endowment funds funds funds funds Total Total 2024 2024 2024 2024 2024 2023 Notes Income and endowments from: Donations and legacie5 Charitable activitie5 Investments Other income 99,951 323,710 4,665 9,721 21,880 121,831 323,710 4,665 9,721 124,249 316,237 3,809 9,748 Total Income 438,047 21,880 459,927 454,043 enditure on: Charitable activities 457,552 67,142 1,739 526,433 440,683 Net (out8oln811 incoming resources before transfers 119,5051 167,142) 20,141 166,506) 13,360 Gross transfers between funds 124,407) 35,412 111,005 Net {expenditurel/income for the year/ Net movement In fvnds 143,9121 131,730) 9,136 166,506) 13,360 Fund balances at l April 2023 160,026 1,501,728 4,629 8,500 1,674,883 1,661,523 Fund balances at 31 March 2024 116,114 1,469,998 13,765 8,500 1,608,377 1,674,883 The statement of financial activities includes all gains and losses recognised in the year. The statement of fi nancia l activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The Statement of financial activitie5 also complies with the requirements for an income and expendFture account under the Companies Act 2006. 11
HALTWHISTLE SWIMMING & LEISURE CENTRE STATEMENT OF FINANCIAL AcfiviTIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financial year Unrestricted Desl8nated Restricted Endowment funds fund5 funds funds Total 2023 2023 2023 Z023 2023 Notss Income and endowments from: Donations and legacies Charitable activitres Investments 104,940 316,237 3,809 9,748 19,309 124,249 316,237 3,809 9,748 Other income Total Income 434,734 19,309 454,043 enditure on: Charitable activities 377,471 60,099 3,113 440,683 Net (outgoin8)/incomlng resources before transfers 57,263 {60,0991 16,196 13,360 Gross transfers between funds (89,8121 103,658 113,8461 Net (expendlture)lincome for the year/ Net movement in funds (32,5491 43,559 2,350 13,360 Fund balances at l Aprll 2022 192,575 1,458,169 2,279 8,500 1,661,523 Fund balances at 31 March 2023 160,026 1,501,728 4,629 8,500 1,674,883 The statement of financial activities includes all gains and losse5 recognised in the year. The statement of financial activities includes all gains and losse5 recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 12-
HALTWHISTLE SWIMMING & LEISURE CENTRE BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Current assets Stocks Debtors Cash at bankand in hand 13 1,361,000 1,397,869 14 15 5,429 21,600 310,728 3,021 19,011 335,794 337,757 357,826 Creditors: amount5 fallin8 due wlthln one year 17 166,264) 151,557) Net current assets 271,493 306,269 Total assets less current liabilities 1,632,493 1,704,138 Creditors: amounts falling due after more than one year 18 124,1161 129,2551 Net assets 1,608,377 1,674,883 Capltal funds Endowment funds Income funds Restricted funds Unrestricted funds Designated fund5 General unrestricted funds 21 8,500 8,500 20 13,765 4,629 23 1,469,997 116,115 1,501,727 160,027 1,586,112 1,661,754 1,608,377 1,674,883 13
HALTWMISTLE SWIMMING & LEISURE CENTRE BALANCE SHEEf (CONTINUED) ASAT31 MARCH 2024 The company is entltled to the exemption from the audit requirement contalned in sectlon 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying wlth the requirements of the Companles Act 2006 with respert to accounting record5 and the preparation of financial ststements. The membefs have not required the company to obtaln an audit of Its financial statements for the year in que5tlon In accordance wlth section 476. These flnanclal ststements have been prepared in attordance wlth the provlsions appllcable to cofflpanles subject to the small companies regime. The financial statements were approved by the Trustees on .......... . A Sharp Trustee M Teasdale Trurtee i È. 09. Cornpany Re8lstrallon No. 09911905 14.
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Haltwhi5tle Swimming & Leisure Centre is a private company limited by 8uarantee incorporated in England and Wales. The re8i5tered office is Greencroft, Haltwhistle, Northumberland, NE49 9DP. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and 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 IFRS 102) leffective l January 20191 The charity is a Public Benefit Entity as defined by FRS 102. The charlty has taken advantage of the provlsions in the SORP for charities applylng FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements are prepared In sterllng, whlch is the functional currency of the charity. Monetary amounts in these financlal statements are rounded to the nearest £. The financial statement5 have been prepared under the historical cost convention. The principal a ountin8 policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the golng concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charltable objectives. Designated funds are unrestricted funds set aside by the trustees for a specific purposes and do not form part of 'free funds,. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions hwe been met, the amounts can be measured reliably, and it is probable that income will be received. 1,5 Expendlture Expenditure is accounted for on an accruals basis, Expenditure include5 any VAT that cannot be fully recovered and is classified under the heading of the financial Statements to which it relate5. 15-
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTES TO THE FINANCIAL sfATEMENTS IcoMfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Expenditure on items that are over £1,000 and capital in nature are capitalised. Depreciation is recognised so as to write off the cost or valuation of assets less thelr residual values over their useful lives on the following bases: Buildlngs Land Plant and equipment Fixtures and fittings Solar Panels Sports equlpment 2.7% straight line No depreciation IO% straight line 20% reducing balance 7.1% straight line 50% reducing balance The 8aln or loss arlslng on the disposal of an a55et is determined as the dlfference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activitie5. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there 15 any indication that those assets have suffered an impairment Ios5. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the IMJrment loss lif any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other 5hort-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 16-
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.10 Flnancial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial Statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention tosettle on net basis or to realise the asset and settle the liability simultaneously. Basicfinanciol assets Basic financial asset5, which include debtors and cash and bank balances, are inltially measured transaction price including transaction costs and are subsequently carrled at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts dlscounted at a market rate of Interest. Financial asset5 cla55ified as receivable within one year are not amortrsed. 8a5icfinanciul liabilitie5 Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument 15 measured at the psent value of the future payments discounted at a market rate of interest. Financial liabilities clas5ifi.ed as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obllgations to pay for goods or servlces that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilitles If payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost Using the effective interest method. Derecoqnition offinancial liabllities Financial liabilities are derecognised when the charit¢s contractual obligations expire or are discharged or cancelled. 1.11 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity Is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.12 Retirement benefits Payments to defined contribution retirement benefit schemes are charged a5 an expense as they fall due. 17-
HALTWHISTLE SWIMMING & LEISURE CEKfRE NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacles Unrestrirted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grant income 2,414 97,537 2,414 119,417 8,600 96,340 8,600 115,649 21,880 19,309 99,951 21,880 121,831 104,940 19,309 124,249 Donations and 81ft5 Donations Haltwhlstle Town Council George Reed Events Committee Bardon Mill Parish Council 2,214 2,214 2,018 2,018 300 200 6,082 300 2(JJ 6,082 200 200 2,414 2,414 8,600 8,600 18
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTES TO THE FINANCIAL STATEMENTS ICOhrriNUED) FOR THE YEAR ENDED 31 MARCH 2024 Donatlons and legacles (Continued) Grants receivable for core activities Community Foundation Sport England Northumberland County Council Haltwhistle Town Council Co-op Local Community Fund Haltwhlstle Partnership Llmlted Slr James Knott Smiths Trust Joicey Trust Other 9,605 9,605 5,350 1,260 5,350 1,260 56,454 2,549 59,003 56,454 4,000 60,454 41,083 41,083 39,886 39,886 1,631 1,631 1,000 1,000 5,000 1,000 2,500 6,199 2,500 6,199 1,095 1,095 97,537 21,880 119,417 96,340 19,309 115,649 Income from charltable actlvltles Unrestrlcted fund5 2024 Unrestricted funds 2023 Leisure activities 323,710 316,237 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Inte5t receivable 4,665 3.809 19-
HALTWHISTLE SWIMMING & LEISURE CENTrE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other income Unrestrlcted Unrestricted fund5 funds 2024 2023 Solar Panel Income 9,721 9,748 Charitable actlvlties Lelsure activities 2024 Leisure actlvltles 2023 Staff costs Leisure activities 210,553 231,961 188,135 177,760 442,514 365,895 Share of support costs (see note 81 Share of governance costs (see note 8) 77,272 6,647 68,796 5,992 526,433 440,683 Analysis by fund Unrestricted fu nds Designated funds Restricted funds 457,552 67,142 1,739 377,471 60,099 3,113 526,433 440,683 -20-
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to actlvities 2024 20Z3 Depreciation Office costs Bank charges Governance costs 67,142 7,763 2,367 6,647 60,099 5,362 3,335 5,992 83,919 74,788 Analysed between: Charitable activities 83,919 74,788 Governance costs Includes Independent Examination fees of £3,500. Net movement in funds 2024 2023 The net movement in funds is stated after charging/lcrediting): Depreciation of owned tangible fixed assets 67,142 60,099 10 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits fr(Th the charity during the year. 11 Employees The average monthly number of employee5 during the year wa5: 2024 Number 2023 Number 17 20 21
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 11 Employees (Continued) Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 195,015 7,945 7,593 174,585 6,621 6,929 210,553 188,135 Remuneratfon and benefits received by key management personnel who have authority and responsibllity for planning, directing and controlling the activities of the charity, amount to £37,57912023- 32,950). There were no employees whose annual remuneration was more than £60,000. 12 Taxatlon The charity Is exempt from taxation on its activities because all its income Is applied for charitable purposes. -22-
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HALTWHISTLE SWIMMING & LEISURE CE[RE NOTES TO THE FINANCIAL STATEMENTS (COhrriNUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tanglble fixed assets (Continued) The custodial trustees of the land, upon which the buildings have been constructed, are the Haltwhistle Town Council, with a permanent endowment to the charity, who are responsible for the management of the land and buildings. 14 Stocks 2024 2023 Raw materials and consumables 5,429 3,021 15 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors Other debtors Prepayments and accrued income 6,738 3,691 11,171 844 402 17,765 21,600 19,011 16 Loans and overdrafts 2024 2023 Bank loans 32,502 37,641 Payable within one year Payable after one year 8,386 24,116 8,386 29,255 Amounts included above which fall due after five years: Payable by instalments 4,931 6,727 The fixed rate unsecured loan from Northumberland County Council is repayable by quarterly instalments until 30/612028, with interest fixed at 2.07%. Haltwhistle Town Council act as guarantors for the loan. -24-
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Credltors: amounts falling due within one year 2024 2023 Notes Bank loans Othertaxation and social security Trade creditors Other creditor5 Accruals and deferred income 16 8,386 3,979 36,133 12,805 4,961 8,386 1,699 25,118 10,696 5,658 66,264 51,557 18 Creditors: amounts falling due after more than one year 2024 2023 Notes Bank loans 16 24,116 29,255 19 Retirement benefit schemes 2024 2023 Defined contribution scheme5 Charge to profit or loss in respect of defined contribution schemes 7,593 6,929 The charity operates a defined contribution penslon scheme for all qualifying employees, The assets of the scheme are held separately from those of the charity in an independently administered fund. -25-
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Restricted funds The restricted funds of the chartty comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At l Aprll 2023 Incoming resources Resources expended Transfers At 31 March 2024 Micro8rant Coronation Pool Party Gyrn Equipment Astro Pitch Lifeguard Course Soft Play Equipment Pool Ladders and Lift Gymnastics Equlpment Park Football Sessions 500 {190) 1500} 310 500 1,000 1,000 779 2,850 1779) 2,850 3,144 9,605 1,000 6,631 15491 12,595) 9,605 11,0001 {6,6311 500 15001 4,629 21,880 {1,7391 {11,0051 13,765 Prevlous year: At l Aprll 2022 Incoming resources Resources expended Transfers At 31 March 2023 1,576 11,576) Microgrant Astro Pitch Lifeguard Course Gymnastics Equipment Pilates Queens Jubilee Activities Spinning Sport England Speaker Park Football Sessions 500 500 779 2,850 779 5,350 1,000 1,260 500 6,000 799 3,400 500 {2,5001 1901 (2271 15001 15731 (7991 1,500 12,410) 11,033) 15,4271 13,4001 500 2,279 19,309 13,1131 113,8461 4,629 -26-
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Restricted funds {Continued) Astro Pitch Northumberland County Council have provided a grant to enable the 'Walk & Talk, group to visit dlfferent locations. This is still to be uti lised. Lifeguard Course Community Foundation Grant, provided by Newcastle Building Society to train new lifeguards for the Summer Season, This fund has now been fully expended. Two additional grants were received from the Communlty Foundation, the first from the Blackett & Riddell Family Community First fund and one lifeguard course was run Successfully. There remains a balance of £2,850, from the Winter Family Trust which is still to be expended Gymnastlc5 Equlpment A grant from the Northumberland County Council Community Chest and a donation from the Gymnastics Club was used to purchase a new tumble track and box. The fund is now expended. Pilates/Speaker Money was given from the Sport England Jubilee fund to provide a class suitable for those less able or more mature, a5 well as to purchase a new speaker system and mats for the class. This fund is now expended. Queens Jubilee Activitie5 A Jubilee Pool Party was funded by Northumberland County Council's Queens Platinum Jubilee Fund. This fund is now expended. Spinning Funds were provided by the Smiths Trust and Northumberland Communlty Chest which was used to purchase new spinning bikes, This fund is now expended. Park Grants were received from the Joicey Trust and Rothley Trust to purchase new equipment in the park area. This work has begun and the grants received have been used to purchase and fit some new equipment. Work wlll be completed by next season. -27-
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Restricted funds (Continued) Micro Grant Northumberland County Council have provided a grant to enable the 'Walk & Talk, group to visit different locations. This is still to be uti lised. Football Sesslons A grant from Barclays Sported will be used to purchase small, portable football goals that can be used for youn8er children in variou5 locations. Gymnastics Equipment Mats were purchased with the help of the Karbon Community Fund. The fund is now expended. Football Sessions Barclays Sorted enabled us to purchase new smaller football goals to enable sessions to take place for younger chlldren, The fund is now expended. Soft Play Equipment Northumberland Community Chest and the Chuter CIO helped us to purchase a new bouncy castle and 50ft play equipment for our popular soft play sessions. This fund15 now expended. Park Funding from the Sir Jame5 Knott trust, the Co-op Community fund the Jolcey Trust and Rothley Trust enabled us to improve the play equipment in the park area. This fund is now fully expended Gym Equlpment We will use this fund from the Smiths Trust to purchase new hand held dumb bells Pool Ladders and Disabled Lift The community Foundation provlded us with funding to purchase a pool hoist to assist disabled customers and acce55ible ladders for the big pool for our less able customers. Coronatlon Pool Partv The Centre was able to host a fantastic party for our community to celebrate the coronation of KI Charles. This fund is fully expended. -28-
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTES TO THE FINANCIAL sfATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Endowment funds Endowment funds represent assets which must be held permanently by the charity. Income arising onthe endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arisin8 on the assets form part of the fund. Movement in funds Rèsources Transfers Galns and losses expended Balance at l Aprll 2023 IncomlnB resourtes Balance at 31 March 2024 Permanent endowments Burnfield land {HSWC) 8,500 8,5Tr) 8,500 8,500 Burnfleld Land (HSWC) On 6 March 2020, the Charity Commission confirmed that the charity called Haltwhistle Soclal Welf¥e Charity (HSWCI should be treated as a linked charity and treated as forming part of Haltwhistle Swinyning and Leisure Centre, which would be the reporting charity, under Part 4 Iregistrationl and Part 8 laccountin81 of the Charities Act 2011. The effect of linking the charities is.. the charities are registered under a single registration number; and the trustees are required to prepare a slngle set of accounts for the reportin8 charlty and the linked charity, which within the individual funds of the linked charity are reported as endowment funds. The Ilnklng of charities under section 12 is an admlnlstrative linkage, for reporting purposes onty. It does not change the separate legal entity of the charities, or the nature of endowment funds and it does not constitute a merger. The trustees are under a duty to ensure that the funds of each charity are applied solely in accordance with the respective trusts. A5 such the land held on endowment in HSWC has been introduced into the account5 for Haltwhistle Swimming and Leisure. -29-
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Analysis of net assets between funds Unrestricted funds Designated funds Restricted Endowment funds funds Total 2024 2024 2024 2024 2024 Fund balances at 31 March 2024 are represented by: Tangible assets Current assets/lliabilities) Long term liabilities 1,352,500 141,614 (24,116) 8,51KI 1,361,000 271,493 124,1161 116,114 13,765 116,114 1,469,998 13,765 8,500 1,608,377 Unrestrlcted funds Deslgnated funds Restrirted Endowment funds funds Total 2023 2023 2023 2023 2023 Fund balances at 31 March 2023 are represented by: Tan8ible assets Current assetsllliabilitiesl Long term Ilablllties 1,389,369 141,614 {29,255) 8,500 1,397,869 306,269 129,2551 160,026 4,629 160,026 1,501,728 4,629 8,5(X) 1,674,883
HALTWHISTLE SWIMMING & LEISURE CENTRE NOTESTO THE FINANCIAL 5TATEMENT5 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Designated funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated fund5 which have been set aside out of unrestricted funds by the trustees for specific purposes. alance at l Aprll 2012 Resourc expended Transfers Balance 8t l Aprll 2023 Resources expended Transfers Balance at 31 Marth 2024 Fixed Assets less Liabilities Set aside Reserves 1,358,169 160,099) 53,658 1,351,728 167, 1421 35,412 1,319,998 loo,000 50,000 150,000 150,000 1,458,169 160,099} 103,658 1,501,728 167, 1421 35,412 1,469,998 Fixed Assets le55 Loan Liabilities The trustees have set aside fu nds equating to the fixed assets less outstanding loans, which represent assets which are not liquid and cannot be easily realised. Set aside Reserves The trustees agreed to establish a target reserve of £150,000 to cover any disruption or downturn in the centre's income or unforeseen expenditure. 24 Operating lease commitment5 Le55ee At the reporting end date the charity had outstanding commitment5 for future minimum lease payments under non-cancellable operating lease5, which fall due as follows.. 2024 2023 Within one year Between two and five years 4,306 4,518 3,922 8,824 8,824 12,746 25 Related party transattions There were no disclosable related party transactions during the year12023- none). 31