REGISTERED COMPANY NUMBER: CE010412 (England and Wales) REGISTERED CHARITY NUMBER: 1171790
## Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March
2025 for
Settle Area Swimming Pool
Walkers Accountants Limited Aireside House Aireside Business Centre Royd Ings Avenue Keighley
Settle Area Swimming Pool West Yorkshire BD21 4BZ
|||Contents of the Financial Statements|Contents of the Financial Statements|
|---|---|---|---|
|||for the year ended 31 March 2025|for the year ended 31 March 2025|
|Report||1||
|he Trustees|2|to|3|
|nt Examiner's Report||4||
|of Financial Activities||5||
|eet|6|to|7|
|Statement||8||
|e Cash Flow Statement||9||
|||to||
|e Financial Statements|10||17|
|tement of Financial Activities|18|to|19|
Page
Settle Area Swimming Pool
for the 2025
Chairman's Report vear ended 31 March
This year marks the fiftieth anniversary of the opening of Settle Area Swimming Pool. We celebrated the occasion with a carnival in June that sought to recall the spirit of the events held in the town during the 1960s and 70s which helped raise the funds to build the pool.
Community support has been at the heart of Settle Pool throughout its existence. It remains crucial today. This is best demonstrated through the work of more than 40 volunteers who help run the fund-raising shops, without which the pool would not continue to exist. This year income from the shops topped €100,000 and we have been able to open a new donation point on the Sowarth Industrial Estate, from which we are able to sell larger items.
Attendances at the pool and in our dry space area, fitSpace, have continued to rise this year. The new gymnasium, opened last autumn, has also added both an important facility and an additional source of income. The variety of sessions that we are able to provide is a demonstration of our link with the whole community.
In 2020 we adopted a five year business plan that guided us through the redevelopment process that took place between 2021 and 2022. This year we adopted a new plan to take us through to 2030. In reviewing progress over the past five years we were able to say that, despite some formidable and largely unexpected obstacles, we achieved more than we envisaged at the start of the decade.
Although our finances are now in a far better shape than they were at the start of 2024, we still need to pay off the loans that ensured the redevelopment went ahead so things will remain tight for some time. Nevertheless we do remain ambitious for the future of the pool and are committed to ensuring that we operate in an environmental friendly way, both at the pool itself and through our shops.
This year we created a new post of operations manager. Leah Galloway has proved an important addition to our team, working closely with the centre manager Tash Ward. We are grateful to them as we are to all our staff.
During the year we have strengthened our links with the new North Yorkshire Council (NYC). Regular meetings with the NYC Sport and Active Wellbeing team have helped our managers in many operational areas, and the Senior Business Advisor has promised advice on marketing, management structures and training.
A benefit from the recent grant for solar panels and insulation from the Swimming Pool Support Fund was an environment management audit. This gave useful advice on energy efficiency and grant-funded training for our operations manager. Additional reviews and certification are continuing. We are also in the process of applying for financial support to improve our sustainable energy systems, on which the Net Zero team at North Yorkshire Council and North Yorkshire Growth Hub has been most helpful.
At the 2025 AGM, two of our long standing trustees are standing down. Whilst the great changes that have taken place in recent years have been very much a collective effort, it is fair to say that we would not have been able to achieve what we have done without the efforts of our secretary, Ian Orton, and treasurer, Rosie Sanderson. We wish them well for the future and are pleased that both of them are to continue to work as volunteers in our fund-raising shops.
Chris Hirst / Mike Smith Joint Chair of Board of Trustees
Page 1
Settle Area Swimming Pool
## Report the Trustees for the 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 Settle and the surrounding area the provision of facilities for the recreation or other leisure time activity for individuals who have need of such facilities by reason of their youth, age, infirmity, disablement, financial hardship or social economic circumstance. It is for the public at large in the interest of social and mental welfare with the objective of improving the lives of the aforementioned inhabitants.
## FINANCIAL REVIEW
Reserves policy
The pool needs to generate a surplus in order to maintain a cash contingency fund of three months running costs.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document and constitution
The charity was established as a Charitable Incorporated Organisation and was registered with the Charity Commission on 12th February 2017
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CE010412 (England and Wales)
Registered Charity number 1171790
Registered office
Kendal Road Giggleswick Settle North Yorkshire BD24 OBU
Trustees
C Coleman - Chair (resigned 18.7.24) R Sanderson - Treasurer R 1 Crossley (resigned 18.7.24) K A Galloway I Orton - Secretary C Hirst - Joint Chair M J Smith - Joint Chair R A Brown (resigned 18.7.24) E Owen (deceased 1.5.24) C Moorehead (resigned 19.12.24) K Larkins (appointed 18.7.24) I Dryburgh (appointed 18.7.24)
Page 2
Settle Area Swimming Pool
Report the Trustees for the
2025
## REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner Michael William Procter FCA Walkers Accountants Limited Aireside House Aireside Business Centre Royd Ings Avenue Keighley West Yorkshire BD21 4BZ
Approved by order of the board of trustees on 17 July 2025 and signed on its behalf by:
C Hirst -Trustee
Page 3
Report the Trustees Independent Examiner's to of Settle Area Swimming Pool
Independent examiner's report
to the trustees of Settle Area
Swimming Pool Cthe 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 frustees 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 E250,000 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
3. 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
Page 4
## Settle Area Swimming Pool
is not a matter considered as part of an independent examination; or
4. 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.
## Michael William Procter FCA
Walkers Accountants Limited Aireside House A i r e s i d e B u s i n e s s C e n t r e
The notes fom part of these financial statements
Page 5
Settle Area Swimming Pool
R o y d I n g s A v e n u e Keighley W e s t Y o r k s h i r e B D 2 1 4 B Z 17 July 2025 S t a t e m e n t
The notes fom part of these financial statements
Page 6
Settle Area Swimming Pool o f F i n a n c i a l A c t i v i t i e s f o r t h e y e a r e n d e d 3 1 M a r c h
The notes fom part of these financial statements
Page 7
Settle Area Swimming Pool
|Settle Area Swimming Pool
Swimming Pool|||||
|---|---|---|---|---|
|2|||||
|0|||||
|2|||||
|5|||||
|||||31.3.25|
|||Unrestricted|Restricted|Total|
|||funds|fund|funds|
||Notes||||
|INCOME AND ENDOWMENTS FROM|||||
|Donations and legacies|2|32,392||32,392|
|Charitable activities|5||||
|Admission charges||225,674||225,674|
|Other income||100,455||100,45|
|Other trading activities|3|147,916||147,91|
|Investment income|4|767||767|
|Total||507,204||507,204|
|EXPENDITURE ON|||||
|Raising funds||14,399||14,39|
|Charitable activities|6||||
|Direct charitable expenditure||510,007||510,007|
|Total||524,406||524,406|
|NET INCOME/(EXPENDITURE)||(17,202)||(17,202|
|RECONCILIATION OF FUNDS|||||
|Total funds brought forward||280,695||280,695|
|TOTAL FUNDS CARRIED FORWARD||263,493|||
|||263,493|||
|280,695|||||
|B|||||
|a|||||
|l|||||
|a|||||
The notes fom part of these financial statements
Page 8
|Settle Area|Settle Area
Swimming Pool|||||
|---|---|---|---|---|---|
||n|||||
||c|||||
||e|||||
||S|||||
||h|||||
||e|||||
||e|||||
||t|||||
||3|||||
||1|||||
||M|||||
||a|||||
||r|||||
||c|||||
||h|||||
||2|||||
||0|||||
||2|||||
||5|||||
||||||31.3.25|
||||Unrestricted|Restricted|Total|
||||fttnds|fund|funds|
|||Notes||||
|FIXED ASSETS||||||
|Tangible assets||12|926,897||926,89|
|CURRENT ASSETS||||||
|Stocks||13|5,386||5,38|
|Debtors||14|6,115||6,115|
|Cash at bank and in hand|||54,872||54,872|
||||66,373||66,37|
|CREDITORS||||||
|Amounts falling due within one year||15|(116,083)||(116,083|
|NET CURRENT ASSETS|||(49,710)||(49,71|
|TOTAL ASSETS LESS CURRENT||||||
The notes fom part of these financial statements
Page 9
## Settle Area Swimming Pool
LIABILITIES 877,187 877,18 CREDITORS Amounts falling due after more than one year 16 (223,829) (223,82 ACCRUALS AND DEFERRED INCOME 18 (389,865) (389,86 NET ASSETS 263,493 263,49
NET ASSETS FUNDS 19 Unrestricted funds
TOTAL FUNDS
263,49 280,69
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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company,
The notes fom part of these financial statements
Page 10
## Settle Area Swimming Pool
continued...
B a l a n c e S h e e t - c o n t i n u e d 3 1 M a r c h 2 0 2 5
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 17 July 2025 and were signed on its behalf by:
The notes fom part of these financial statements
Page 11
Settle Area Swimming Pool
C Hirst - Trustee
R Sanderson - Trustee
The notes fom part of these financial statements
Page 12
|Settle Area|Settle Area
Swimming Pool||
|---|---|---|
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The notes fom part of these financial statements
Page 13
Settle Area Swimming Pool
|Settle Area Swimming Pool
Swimming Pool|||
|---|---|---|
|0|||
|2|||
|5|||
|Notes||31.3.25|
|Cash flows from operating activities|||
|Cash generated from operations|1|35,977|
|Interest paid||(17,489)|
|Net cash provided by operating activities||18,488|
|Cash flows from investing activities|||
|Purchase of tangible fixed assets||(49,077)|
|Interest received||767|
|Net cash used in investing activities||(48,310)|
|Cash flows from financing activities|||
|New loans in year|||
|Loan repayments in year||(8,706)|
|Net cash (used in)/provided by financing activities||(8,706)|
|Change in cash and cash equivalents in|||
|the reporting period||(38,528)|
|Cash and cash equivalents at the|||
|beginning of the reporting period||93,400|
|Cash and cash equivalents at the end of|||
|the reporting period||54,872|
|N|||
|o|||
|t|||
|e|||
|s|||
The notes fom part of these financial statements
Page 14
|Settle Area|
Swimming Pool||
|---|---|---|
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|||C|
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|||d|
|||3|
|||1|
The notes fom part of these financial statements
Page 15
Settle Area Swimming Pool
M a r c h 2 0 2 5
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
**----- Start of picture text -----**
||||
|---|---|---|
|31.3.25|
|Net expenditure for the reporting period (as per the Statement of|
|Financial|Activities)|(17,202)|
|Adjustments for:|
|Depreciation charges|38,128|
|Interest received|(767)|
|Interest paid|17,489|
|Increase in stocks|(1,810)|
|Decrease in debtors|3,247|
|(Decrease)/increase in creditors|(3,108)|
|Net cash provided by operations|35,977|
|ANALYSIS OF CHANGES IN NET DEBT|
|24|Cash flow|At31|
|Net cash|
|Cash at bank and in hand|93,400|(38,528)|
|93,400|
|(38,528)|54,872|
|Debt|
|Debts falling due within 1 year|(35,866)|(67,041)|
|Debts falling due after 1 year|(299,576)|75,747|
**----- End of picture text -----**
The notes fom part of these financial statements
Page 16
Settle Area Swimming Pool Total (29,822)
(335,442)
8,706
(271,864)
The notes fom part of these financial statements
Page 17
Settle Area Swimming Pool Notes to the Financial Statements for the year ended 31 March 2025
## 1. ACCOUNTING POLICIES
## Basis of preparing the financial statements
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 2019)', 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.
## Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## Expenditure and irrecoverable vat
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 is charged as a cost against the activity for which the expenditure was incurred.
## Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life,
Plant & machinery - 20% per annum on cost Building - 2% per annum on cost
Depreciation commenced on the building when it was completely opened fully for use and enjoyment. The grants as deferred will be amortised over the same period of 2% per annum.
Tangible fixed assets are at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
## 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 charity is exempt from corporation tax on its charitable activities.
## Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the Charity at the discretion of the Trustees..
Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for future capital expenditure on the pool.
continued...
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Settle Area Swimming Pool
## Notes to the Financial Statements - continued for the year ended 31 March 2025
## 1. ACCOUNTING POLICIES - continued
## Fund accounting
Restricted filnds are grants and donations which the donor or grant giving body has specified are to be solely used for a particular purpose within the objectives of the Charity.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## Grants and donations
Grants and donations are recognised in the Statement of Financial Activities when entitlement is established.
Grants and donations for which there are no conditions attached are treated as income in the period which they become receivable.
Grants and donations received for specific purposes are included in Restricted Funds. Grants received for the purpose of asset acquisition are treated as deferred income which is credited to the profit and loss account by instalments over the expected useful economic life of the related assets on a basis consistent with the depreciation policy commencing once the asset has been brought into use.
2. DONATIONS AND LEGACIES
|2.|DONATIONS AND LEGACIES|||
|---|---|---|---|
|||31.3.25|31.3.24|
||Gifts|1||
||Donations|17,951|36,393|
||Grants|14,440|7,620|
|||32,392|44,013|
|3.|OTHER TRADING ACTIVITIES|||
|||31.3.25|31.3.24|
||Shop sales|147,916|110,342|
|4.|INVESTMENT INCOME|||
|||31.3.25|31.3.24|
||Deposit account interest|767|276|
continued...
Page
Settle Area Swimming Pool
## Notes to the Financial Statements - continued for the year ended 31 March 2025 1 1
|5.|INCOME FROM CHARITABLE ACTIVITIES||||
|---|---|---|---|---|
|||31.3.25||31.3.24|
||Admissions||||
||Admission fees|225 674||232 935|
||Other income||||
||Clubright membership|55,486||10,420|
||Cafe sales|24,739||22,512|
||Fitspace hire|7,252||13,253|
||Sponsor boards|3,000||5,059|
||Other income|9978||8 130|
|||100 455||59 374|
||CHARITABLE ACTIVITIES COSTS||||
||||Support||
|6.||Direct|costs (see||
|||Costs|note 7)|Totals|
||Direct charitable expenditure|483,436|26,571|510,007|
||SUPPORT COSTS||||
|7.|||Governance||
|||Finance|costs|Totals|
|8.|Direct charitable expenditure|18,661|7,910|26,571|
||NET INCOME/(EXPENDITURE)||||
||Net income/(expenditure) is stated after charging/(crediting):||||
||||31.3.25|31.3.24|
||Depreciation - owned assets||38,128|31,526|
|9.|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.
continued...
Page 20
Settle Area Swimming Pool
|||Notes|Notes
to the Financial Statements|to the Financial Statements
-|
continued|
|---|---|---|---|---|---|
||||for the year ended 31 March||for the year ended 31 March
2025|
|10.|STAFF COSTS|||||
||||||31.3.25|
|31.3.24||||||
|Wages and salaries|Wages and salaries|||||
||||||282,190|
|248,372||||||
||248,372|||||
||31.3.24|||||
||27|||||
||||Total funds|||
||44,013|||||
||232,935|||||
||59,374|||||
||110,342|||||
||276|||||
||446,940||||446,940|
||||||15,162|
||15,162||||545,010|
|545,010||||||
||560,172||||560,172|
||||||(113,232)
(113,232)|
||393,927||||393,927|
||280,695|||||
continued...
Page 21
Settle Area Swimming Pool
## Notes to the Financial Statements - continued for the year ended 31 March 2025
The average monthly number of employees during the year was as follows:
|||31.3.25|
|---|---|---|
||Average employees|30|
||No employees received emoluments in excess of €60,000.||
||COMPARATIVES FOR THE STATEMENT OF FINANCIAL||
|11.|ACTIVITIES||
||Unrestricted|Restricted|
||funds|fund|
||44,013||
||232,935||
||59,374||
||110,342||
||276||
||282,190||
|280,695|||
INCOME AND ENDOWMEN TS FROM Donations and legacies
continued...
Page 22
Settle Area Swimming Pool
## Notes to the Financial Statements - continued for the year ended 31 March 2025
C h a
r i t a b l e
a c t i v i t i e s A d m i s s i o n c h a r g e s Other income
O t h e r
t r
continued...
Page 23
Settle Area Swimming Pool
## Notes to the Financial Statements - continued for the year ended 31 March 2025
a d i n g
a c t i v i t i e s
I n v e s t m e n t i n c o m e T o t a l
E X P E N D I T
continued...
Page 24
Settle Area Swimming Pool
## Notes to the Financial Statements - continued for the year ended 31 March 2025
U R E O N R a i s i n g f u n d s C h a r i t a b l e a c t i v i t i e s D i r e c t
continued...
Page 25
Settle Area Swimming Pool
## Notes to the Financial Statements - continued for the year ended 31 March 2025
c h
a
r i t a b l e
e x p e n d i t u r e
T o t a l
N E T I N C O M E / ( E X P E N
continued...
Page 26
Settle Area Swimming Pool
## Notes to the Financial Statements - continued for the year ended 31 March 2025
D
I T U R E )
R E C O N C I L I A T I O N O F F U N D S T o t a l f u n d s b r o
continued...
Page 27
Settle Area Swimming Pool
## Notes Notes to the Financial Statements to the Financial Statements - - continued cont for the year ended 31 March ~~for the year ended 31 March~~ 2025 ~~2025~~
u g h t
f o r w a r d T O T A L F U N D S C A R R I E D F O R W A R D 12. TANGIBLE FIXED ASSETS Freehold Plant and
continued...
Page 28
Settle Area Swimming Pool
||Notes|Notes
to the Financial Statements|to the Financial Statements
-|
continued|||
|---|---|---|---|---|---|---|
|||for the year ended 31 March||for the year ended 31 March
2025|||
|||||property|machinery|Totals|
||COST||||||
||At I April 2024|||911,540|71,572|983,112|
||Additions||||49,077|49,077|
||At 31 March 2025|||911,540|120,649|1,0|
||DEPRECIATION||||||
||At 1 April 2024|||25,827|41,337|67,164|
||Charge for year|||18,231|19,897|38,128|
||At 31 March 2025|||44,058|61,234|105,292|
||NET BOOK VALUE||||||
||At 31 March 2025|||867,482|59,415|926,897|
||At 31 March 2024|||885,713|30,235|915,948|
|13.|STOCKS||||||
||||||31.3.25|31.3.24|
||Stocks||||||
||||||5,386|3,576|
|14.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||||31.3.25|31.3.24|
||Trade debtors||||3,740|6,942|
||VAT|||||2,131|
||Prepayments and accrued income||||2,375|289|
||||||6,115|9,362|
|15.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||31.3.25|31.3.24|
||Bank loans and overdrafts (see note 17)||||6,162|4,540|
||Other loans (see note 17)||||96,745|31,326|
continued...
Page 29
Settle Area Swimming Pool
## Notes to the Financial Statements - continued for the year ended 31 March 2025
|Trade creditors||983|19,345|19,345|
|---|---|---|---|---|
|Social security and other taxes||3,199|2,410||
|VAT||2,955|||
|Other creditors||690|470||
|Accrued expenses||5,349|13,719||
||||116|71|
||||,08|,8|
||||3|10|
||1
CREDITORS:||||
||6
AMOUNTS||||
||.|FALLING DUE|||
|||AFTER MORE|||
|||THAN ONE|THAN ONE||
|||YEAR|||
|||31.3.25||3|
|||||1.|
|||||3.|
|||||2|
|||||4|
|||||32|
|||Bank loans (see||,5|
|||note 17)||96|
|||Other loans (see||2|
|||note 17)||6|
|||||6,|
|||||9|
|||||8|
|||||0|
||223,829||299,576||
## 17. LOANS
Other loans comprise unsecured community loans from nine individuals, payable in twelve monthly instalments after 1 st April 2025 which will include
continued...
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Settle Area Swimming Pool
## Notes to the Financial Statements - continued for the year ended 31 March 2025
accrued interest at 2%. It also comprises an unsecured loan from Craven District Council, payable in forty consecutive quarterly instalments after 1 st October 2022 which will include accrued interest at 6%. The final unsecured loan is from Key Fund Investments Ltd, payable in one hundred and twenty one monthly instalments after 1st August 2022 which will include accrued interest at 3.95%. The bank loan is secured by a Government supported guarantee against the outstanding facility balance.
18. ACCRUALS AND DEFERRED INCOME
31.3.25
31.3.24
continued...
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Settle Area Swimming Pool
Notes to the Financial Statements - continued for the year ended 31 March ~~for the year ended 31 March~~ 2025 ~~2025~~ Deferred grants 389,865 370,205
The grants were received for the building project and will be amortised at 2% straight line in line with the rate of depreciation of the building once it has been completed and brought into use.
19. MOVEMENT IN FUNDS
Net movement 4 in funds 31.3.25
U n r e s t r i c t e d f u n d s General ftlnd 280,695 (17,202) 263,493
continued...
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Settle Area Swimming Pool
## Notes to the Financial Statements - continued for the year ended 31 March 2025
|TOTAL FUNDS|280,695|(17,202)|263,493|
|---|---|---|---|
|Net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
|Unrestricted funds||||
|General fund|507,204|(524,406)|(17,202)|
|TOTAL FUNDS||||
|507,204||||
|(524,406)||||
|(17,202)||||
continued...
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~~Settle Area Swimming Pool~~
Notes to the Financial Statements - continued for the year ended 31 March 2025
## 19. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
|||Net||
|---|---|---|---|
|||movement||
||At I .4.23|in funds|31.3.24|
|Unrestricted funds||||
|General fund|393,927|(113,232)|280,695|
|TOTAL FUNDS|393,927|(113,232)|280,695|
|Comparative net movement in funds, included in the above are as follows:|Comparative net movement in funds, included in the above are as follows:|||
||Incoming|Resources|Movement|
||resources|expended|in fttnds|
|Unrestricted funds||||
|General fund|446,940|(560,172)|(113,232)|
|TOTAL FUNDS|446,940|(560,172)|(113,232)|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement||
||At 1.4.23|in funds|31.3.25|
|Unrestricted funds||||
|General fund|393,927|(130,434)|263,493|
|TOTAL FUNDS|393,927|(130,434)|263,493|
|A current year 12 months and prior year 12 months combined net movement in funds, included in the above are||||
|as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
|Unrestricted funds||||
|General flind|954,144|(1,084,578)|(130,434)|
|TOTAL FUNDS|954,144|(1,084,578)|(130,434)|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
20. RELATED PARTY DISCLOSURES
continued...
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Settle Area Swimming Pool
Notes to the Financial Statements - continued for the year ended 31 March 2025 There were no related party transactions for the year ended 31 March 2025.
Page 35
Settle Area Swimming Pool Detailed Statement of Financial Activities for the year ended 31 March 2025
|||31.3.25|31.3.24|31.3.24|
|---|---|---|---|---|
|INCOME AND ENDOWMENTS|||||
|Donations and legacies|||||
|Gifts||1|||
|Donations||17,951||36,393|
|Grants||14,440||7,620|
|||32,392||44,013|
|Other trading activities|||||
|Shop sales||147,916||110,342|
|Investment income|||||
|Deposit account interest||767||276|
|Charitable activities|||||
|Admission charges||225,674|232,935||
|Miscellaneous receipts||100,455||59,374|
|||326,129||292,309|
|Total incoming resources||507,204||446,940|
|EXPENDITURE|||||
|Raising donations and legacies|||||
|Shop costs||14,399||15,162|
|Charitable activities|||||
|Wages||282,190||248,372|
|Rent and rates||21,812||15,886|
|Insurance||21,288||60,074|
|Light and heat||37,668||78,352|
|Telephone||833||1,491|
|Advertising and promotion||2,076||950|
|Sundries||3,276||3,828|
|Water costs||6,859||5,001|
|Training||12,898||11,996|
|Repairs||22,854||27,031|
|Chemicals and pool supplies||7,142||5,688|
|Subscription||197|||
|Partial exemption adjustment||26,215||21
404|
|Depreciation of tangible fixed assets||38,128||31,526|
||||483
436|511,599|
|Support costs|||||
|Finance|||||
|Bank charges
1,172 1,319 Carried forward|1,172 1,319||||
Page 36
Settle Area Swimming Pool
## Notes to the Financial Statements - continued for the year ended 31 March 2025
This page does not form part of the statutory financial statements
Page 37
## Settle Area Swimming Pool
||Detailed Statement of Financial Activities|||
|---|---|---|---|
||for the year ended 31 March 2025|||
|||31.3.25|31.3.24|
|Finance||||
|Brought forward||1,172|1,319|
|Bank loan interest||533|598|
|Loan||16,956|15,475|
|||18,661|17,392|
|Governance costs||||
|Administration costs||2,014|2,535|
|Accountancy and legal fees||1,183|1,528|
|Professional fees||3,238|10,506|
|Independent examiners fee||1,475|1,450|
|||7,910|16,019|
|Total resources expended||524,406|560,172|
|Net expenditure||(17,202)|(113,232)|
Page 38
Settle Area Swimming Pool
This page does not form part of the statutory financial statements
Page 39