REGISTERED COMPANY NUMBER: 10410072 (England and Wales) REGISTERED CHARITY NUMBER: 1174082 Report of the Trustees and Flnanelal Stat•m•nts lor the Y•ar Ended 313uly 2025 for Petty Pool
Petty Pool Contents of the Financlal Stat•m¢nts for the Year Ended 31 July 2025 Pago Report of the Trustees I to 15 Report of the Independent Audltors 16 to 19 Statement of Flnanclal Actlvltles 20 Balan¢• Sheet 21 to 22 Cash Flow Statoment 23 Notes to the Cash Mow Statement 24 Notes to the Flnanclal Statements 25 to 43 Deta51ed Statement of Financial Actlvltles 44 to 46
Petty Pool Report of the Trustees for the Year Ended 31 July 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 luly 2025, The trustees have adopted the provislons of Accounting and Reporting by Charitles.. Statement of Recommended Practice applicable to charitie5 preparlng their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland {FRS 1021 {effective I January 20191, Petty Pool is a registered charity based near Northwlch, Cheshire and is a Vocational College and Outdoor Education Centre set in over 40 acres of Cheshire woodland. Our vision is to make our provision the best it can be for our young people and visiting groups and to grow our offer In 3 key areas.. The Vocatlonal College, The Outdoor Educatlon Centre and Enrichment Services. We firmly believe thls growth wlll not only support our current learners but Set thp. scene for future cohorL%, stakeliolders and visltors. We are a high perforrning organisation offering a fantastic service to all who visit. The Petty Pool Vlslon: Our Vlslon Empowering young people to discover a world of opportunity and posslbility Our Mlsslon To deliver exceptional oducation. within an inclusive environment, building a strong foundation for lifo. OBJECTIVES AND ACTIVITIES Objectlves and alms The Charity objectlves of Petty Pool are to: Educate and train young people including but not limlted to those with learning disabllitles, including vocational and baslc skills, personal competencies and preparing them for possible employmentlplacement. and encouraging indopendent living. Promote the personal development of young people Including but not limited to those with learnlng disabilities through the provlsion of challenging activitles within a residential setting. Page I
Petty Pool Report of the Trustees for the Year Ended 31 July 2025 OBJECTIVES AND ACTIVITIES Signlflcant a¢tlvltles The Vocatlonal College Wè are a high needs specialist education independent college, delivering high-needs provlsion for young adults aged 16 to 2S with learning difficulties and disabilities across Cheshire ènd the North- West. All learners have an Educatlon, Health and Care Plan IEHCPI and present with a range of mild to moderate learning challenges. Through our admissions process, each learner's individual needs are assessed, allowing us to develop a tailored progresslon pathway aligned With thelr asplrations. Learners benefit from a curriculum deslgned to meet their starting polnts and Song-term goals, The curriculum, allgns wlth the Prepar8tion for Adulthood framework, ensure5 that all lèarners can engage, achieve, and progress. Vocational accreditatlon supports their aspirations, and non- accredlted learning Is recorded through the llecognising and Recordlng Progress and Achievement IRARPA) framework, Our curriculum is focused on enabllng meanlngful outcomes, with a clear emphasis on preparing learners for purposeful employment. To help our young people gain employmènt, we provide opportunities for them to apply their skills in real-world settings through partnerships with local employers. These partnerships enable valuable work placements, both on-site, such as in our coffee shop, community shop, maintenance, hortlculture, and catering and withln the broader communitythrough various actlvities and scrvlces. We have established strong relationships wlth numerous employers thlsyear, particular onesto note are The Ice Cream Farm, Nar)dos and The Hollies Farm shop offering a variety of opportunities for our young people from site visits to permanentjobs when they leave college. The Outdoor Education Centre Our Outdoor Centre Is a fantastle resource for our young people and visitors to Petty Pool. It is resource that is well used by the local community, and we have a very good relationship with many local schools, refl8Cted in the fact that 2919 people visited last year for dr)y and residential courses. The impact of the outdoor centre for those that attend is significant, this is evidenced from school feedback and the number of rebooking for the following year. We aim to deliver programmes In conjunction wlth the needs of the visiting school and work with them to develop skills to support the young people's growth. We focus on activities around teamwork, resilience, confidence building, and individual's self-esteem. We do this 35 day courses or as residentials depending on group size and needs of the school. Our programmes include climbing, high ropes, crate stack, archery, bushcraft, canoeing, team building exercises and forest school along with options of working with partners to grow our provision. Pagc 2
Petty Pool Report of the Trustees for the Vear Ended 31 July 2025 Petty Pool In the Communlty Supportlng Llfelong Learnlng and Sklll Development P&tty Pool is dedicated to ensuring learners continue their educational jaurney by applying the skills they dèvelop at every opportunity. ThroLtgh our focus on Preparation for Adulthood outcomes, such as securing employment, malntaining health, fostering community Inclusion, and promoting independent livlng, we enrich the student experience with Informal learning activities. These enrlchment opportunities t)ave become a vltal and stable part of our work, thanks to clear communication with local authorities, resulting in more targeted and appropriate referrals. This approach not only provides meaningful life experiences but also enhances vocational skills gained at collcge, setting us apart from other providers In this field. Our success is rooted in strong relationships with stakeholders and active engagement withln the communlty. By building and nurturing these connections, we enhance our proflle and deepen our impact. These partnerships are ess¢ntial to our work and contribute to what makes Petty Pool a unique and thriving organisation. At the heart of Petty Pool are the young people we support. Our priority is to provide them with opportunities that f'oster their journey to adulthood and independence. We Invest significant time and effort to ensure thcir pxperlences, both in college ancl dLJring visits are as rewarding and supportive as possible. We co15aborate with a wide range of organisations that support young people with learning disablliLies, both before and during Lheir time at Petty Pool. Strong relalionships with local special schools, local authorities, and other partners ensure smooth transitions and effective collaboration. This year, we have deepened our involvement with local community groups, creating valuable opportunlties for our students. We also work closely with local charities, sports organisations, drama and music groups, community partnerships, and intervention services to enhance our learners, experiences. Petty Pool Team It is through the energy, dedication and commitment of our staff and volunteers, that Petty Pool makes the difference it does to our learners, their families and our local community. Petty Pool would like to thank every individual and organisation who has SUF)ported us over the last year, we couldn't enhance the learner's experience in the way that we do without the help of our team, volunteer5 and supporter5. We are extremÉsly proud of our employee engagement and very proud of achieving Best Companies Outstanding status Publlc b•nefit TheTrustees confirm that they have referred to the Charity Commission's guidance on public benefit whon reviewing the Trust's aims and objectives and in planning future activities. Pa8e 3
Petty Pool Report ol the Trustees for the Year Ended 31 July 2025 ACHIEVEMENTS AND PERFORMANCE Charltable actlvltles Charity wlde Best Companies Outstanding Status Disability Leader certification Cyber Essentials Plus Accreditation Petty Pool Vocatlonal College During the acadernlc year 2024-25 much has been achieved.. 91% attendance for young people at Petty Pool College is something we are very proud of. We retained 96% of our learners in the academic year. IO0% Vocational BTEC Ll Land Based. IO0% Vocational 8TEC Ll Hospitality. 90% Vocatlonal BTEC Ll Buslness. 41% of learners are entering employment or supported employment, when the national average is 5.1%. IO0% of learners left to a positive destination. 98% learner5 feel safe in College, IO0% of parents thlnk their young person Is safe and enjoys comlng to college, The Outdoor Educatlon Cèntre Over 2919 young people from the local area accessing the Outdoor Centre to take part In activities like canoelng, climbing and bushcraft. 83 different groups vislted thls year resulting in 1742 young people enjoylng residentia5 activity too from one to three nlghts, Welcomed 12 new schools visiting Petty Pool for the first time thls year, Increase grants for project worl< includlng National Lottery and the UK Youth Fund. Successful inspection visits from the key awarding organisations for Outdoor Education. Petty Pool in the Communlty Welcoming young people 5 days a week to engage with a wide range of activitie4. We have 65young peoplc regularly attending Petty Pool in the Community. ThÈ impact of the services has seen young people improve relationships, self-confidence and independence. This has been captured by surveying families and young people. Page 4
Petty Pool Report of the Trustees for the Year Ended 37 July 2025 FINANCIAL REVIEW Flnan¢ial posltlon The 2024125 reports show a surplus in the Petty Pool activitles of £39,365. Thls Is after taklng Into account a gain on Investments of 8,]37. The Vocatlonal College. Outdoor Education Centre and Communlty Activltles reported rising combined revenue to £3,9?.3,061- 73.5% above the 2023124 level1£3,458,3261. This was a result of the growth in learner numbors and the Increased uptake In day provision In Petty Pool in the Community. Total income (including donations and Invastment Income) Increased to U42,835-13,5% above 20241251£122,5621. Overall costs increased by 9.5% to £4,104,668 (£3,745,162 in 23121+1. Thère hag been slgniflcant expenditure1£33,089) on planning permission activities to support the bold proposals for Project Learn Hlve. Fundraising actlvities Sn the yoar have focussed on identifying funder5 for each stage of Learn Hive, beginning wlth the Outdoor Centre facility. Investments gains of £78,137 protected the overall fund position of the organisation. The cash situation of the organisatlon remained strong durlng the year. Prln¢lpal fundin9 sourc•s The Charity's princlpal incorne is The Department of Education, Local Authority and Acce£s to Work funding to the total value of £2,829,562 Petty Pool in the Communlty revenue grew to £562,688 Iper Note 51 from £342,248 in 2023124. The Outdoor Centre generated revenue of £286,277 (per Note 51. activitie5 extended beyond the usual season and included offsite kayaking, climbing and forest schools, project5, aswell as regular holiday clubs. Donatlons in the period Included speclfic restricted funds for Petty Pool in the Community vehicle. Outdoor Centre kayaks and PPE as well as other small value restricled donatlons. Events were held to extend the reach of the College contacts and assisc long term fundraising. Investment pollcy and objectives The Charity investment holdings are managed by Brown Shlpley, the Manchester based Wealth Managemenl and InvesLment company which actively manage the Charity funds to support the forward vision for our site. The Board of Trustees has taken advice from Brown Shipley to develop a robust and appropriate investment strategy. Currently the funds are iiivested in a managed balanced portfolio with medium approach to rlsk. On 31st July 2025, the investment portfolio covered Fixed Interest, Overseas Equities and Alternatives holdings valued at £1,278,844 and £16.688 was held in investment cash. Investment statements are issued quarterly to Trustees. The Petty Pool organisatlon operates With a full Annual Business Plan, presented, and agreed wtth the Trustee5 in the Autumn term. Tormly re-forecasts havp enabled the organisation to review income and expenditure And apply the flexibility needed in the recent uncertain times. Po¥e 5
Petty Pool Report of the Trustees for the Year Ended 31 July 2025 Reserv•s pollcy The reserves at 31stJuly 2025 are £2,766,651 of which £609,626 Is held In a General Unrestricted Fund. The Trustees hold reserves at a level that allow the charity to continue to provlde all services for a period of at least 6 months, in the event of unforeseen diFficulties. The Trustees have specified a level of free reserves of £IM to provide the safeguards needed to be able to guaranlee continuity of servlces during periods of insLability, uncertainty, or change, FLITURE PLANS Strategic Vlslon and Goals P022-2027) As part of our 2022-2027 Strategic Plan, Petty Pool has commltted to a series of ambitious goals designed to drlve growth and innovation, Slgnificant progress has already been made, laying the groundwork for achieving these objectlves within the set timelines. The board and leadership team, led by thè CEO, are dedlcated to ensuring these targets are met. Our strategy focuses on seven ¢ore areas of development; Dellverln9 Outstandlng Educatlon Embed the RARPA curriculum and ensure EHCP outcomes guide student learnlng. Leverage a new management Informatlon systein IMISI to enhance performance and decision-making. Build a highly trained team with expertise In SEND support and a trauma-informed approach. Implement a robust quality assurance pror.ess to drive continuous improvement. Expanding the Outdoor Education Centre Develop a comprehensive program offering forest schools, the John Muir Award, and Duke of Edinburgh opportunities. Launch a forest school outreach initiative and align outdoor learnlng with the national curriculum. Execute a targeted marketlng strategy to attract new clients. Enrlchlng Student Experiences Expand Petty Pool in the Community to include after-college and weekend activities. Strengthen partnerships and enhance community engagement through programs like MORE Maintenance and a communlty shop. Increase on-site work experience opportunitles, Adaptlng and Future-prooflng Establish a new organisational structure with clear roles and accountabllity. Embed tho charity's vision, mission, and values into daily operations and appraisals. Boost online visibility through blogs, vlogs, case studies, and social media. Foster strategic partnerships to expand impact and influence. Implement strong financial management and reporting processes. Investlng for Grovrth Conduct a full pstate and asset review. establishing a 10-year plan. Develop a fundraising strategy aligned with growth objectives. Expand educational spaces and implement a Lransport plan for the site. Pagc 6
Petty Pool R•port of the Trustees for the Year Ended 31 July 2025 Reduclng Environmental Impact Form a Sustainabillty Comrnittee of students and staff to drive eco-friendly inltiatives. Ensure ethical and sustainablp procurement practices, Prioritlse waste reduction and green utility options, Integratlng sustainability Into declslon- making, Health, Safety, and Safeguarding ExcellerbC• Cultivate a proactive safety culture with student and staff ambassadors, Implement leading safety metrics and encourage a no-blame, supportlve environment. Foster visible leadership and ongoing safety conversations. Ensuro access to expert health and safety advice and embed safeguarding at all levels. These strategic priorities are designed to strengthen Petty Pool's impact, ensuring sustainable growth and exceptior)al outcomes for students. Support for Project Learn Hlve Petty Pool's capital Jpppal to deve.lop a SEND Centre of Excellence and a state-of-the-art Outdoor Educalion Centre, Creating a purpose-bullt. fully accessible campus that will transform education, outdoor learning and life opportunities for children and young people with learnlng dlsabilities across Cheshire and the North-west. Our services are deeply embedded within the community and shaped by a shared commitment; ensurlng that children (Ind young people with learning disabilities can access enriLhing experlences that build confldence, practical rkills and a lasting sense of belonging. Phase One-The Future of Outdoor Educatlon Project Learn Hive represents a once-in-a-generation opportunity Eo transform outdoor education nd the SEND provislon aCrS Cheshlre and the North West. This ambitious capital development will create a purpose-built, fully accessible College and Outdoor Educatlon Centre, setting new standards for learning, wellbelng and personal development, Phase one focusos on the developmenl of the new Venturewood Outdoor Education Centre, designed to address the critical gap in regional provision. PurposE,_built to dLlivc.r inclusive residential experiences, the centre will increase capacity, enabling more than 7,000 young pevple to benefit annually. By removing phySiCdl, sensory and soclal barriers to participation, thls centre will create a genuinely incluslve environment where every young person can learn, grow and thrive. Pagc 7
Petty Pool R•port of the Trustees for the Year Ended 31 July 2025 Once complete, the new centre will provide hlgh-quality, fully accesslble accommodation and learning spaces: Fully accessible, en-sulte bedrooms for 70 young people at a tlme, enabllng multiple class- groups to attend simultaneously, Two accessible shower rooms and a dedicated stay-over room. A large communal dining area and fully equipped kitchen. Flexible activity spaces for group learning and socialising. Laundry, boot room, drying room, plant room and equipment stores, Offices, staff rooms and covered outdoor social spaces. Deslgned wlth speclalist landscape archltects, consultants and ecological experts to ensure the centre has minlmum impact on the environment and will meet both our current and future needs, The development of the Venturewood Outdoor Education Centre represonts a major milestone in Petly Pool's mission to empower young people through education, engagement and access to meaningful opportunlties. Why the Centre Is Needed Our Venturewood provision is currently oversubscribed and has been exceeding cap3Clty for the last 2 years. The outdoor ediication service currently has a waiting list of over12 months and a re- book rate of 96%. This sustained demand is a clear indicator of quality and the scale of unmet need in our area. We aspire to increase capacity and make Venturewood fully accessible to young people with disabilities. Our current facilities are now over 20 years old they need replacing with a future proof facility. For many families of disabled children, Petty Pool Is their only local option for safe, supported residentia5 outdoor learning. Demand ha5 never been higher and the need ha5 never been more urgent. Acroqs England 1.7 million young people have special educational needs, in Cheshire West and Chester. the need for SEN support has risen Lo13.796. This growing demand is placing increasing pressure on already stretched services, making investment in acc.essible provisions essential. Pagc 8
Petty Pool Report of the Trustees for the Year Ended 31 July 2025 The outdoor centre also provides life-changing opportunities for young people from cities and areas of deprivation to experience new outdoor learning in a rural setting. including those paiticipating in the King's Trust Team programme many of which would otherwlse never access these experiences. 'The children get so much out of each experience, It build5 their independence and resilience by exposing them to different experlences they don't get at home, The children always thoroughly enjoy their time and come awoy with lot5 ofgreat memorles., -High Legh Primary School Venturewood delivers a rlch and expansive outdoor learning programme, but without a dedlcated, fit-for-purpose facility. we are unable to meot the growing and diverse needs of the young people we Support. Wilh very limited access to resldential centre5 dèsigned speciflcally for disabled or neurodiverse young people, our new centre will fill the crilical gap In reglonal provision for young people in Cheshiro, tho North-west and even nationally. B*neflt and Impact The new centre will nearly double the number of young people we are currently able to support, enabling over 7,000 children arid young people to benefit each year, including those with disabillties or from areas of multiple deprivation, Many young people we support face some of the greate vt barriers to Inclusion in society, Thcy are more likely to experlence loneliness, anxiety, poor health and low self-confidence and far less likely to access the tyPQ.5 of OLltdoor, social and developmental activities thal build resilience and support long-term wellbeing. Extensive research demonstrates that high-quality outdoor learnlng delivers powerful outcomes for children and young people. A major study by Plymouth Universlty and Natural England found that outdoor learning significantly improves engagement, behaviour, wellbeing and social development. More than 40.000 children were involved in their national Natural Connections programme and report?d.. 85% improved behaviour 93% improved social skills 90% improved wellbeing and happiness 95% of pupils finding learning moro enjoyable outdoors Outdoor learning is especially powerful for SEND young people, offering natural sensory input, movement opportunities and the freedom to explore, regulate and engage at their own pace. For many, this environment enables breakthroughs that are not always possiblo within d traditional classroom setting. At its core, this project aims to improve wellbeing, promote inclusion and build the skills all young people need to thrivo, By removing barriérs to participation and expanding ac.c.ess to life-changing outdoor lèarning, the new centre will deliver lasting benéfits for young people, families, £chools and communities creating stronger foundations for lifelong opportunity and success. Fundlng and Projected Costs We are fundraising for the Outdoor Centre through a mix of major donors, community fundraising and support from trusts and foundations, such as Garfield Weston and Bernard Sunley. We have secured commitments from several granis and trusts and launched a new community fundraising campaign for2026. P8g¢ 9
Petty Pool Report of the Trustees for the Year Ended 31 July 202S Phase One Costlngs for Venturewood Centre Item Amount Works and construction Fittings Services Design, overheads and contin enc Total costs for Outdoor Centre £2,054,076 £397,930 £1,459,287 £864,770 £4,776, 063 We roceived full backing and planning permisslon from the Local Authority In August 2025, Phase one, the Venturewood centre is on track to break ground in 2026 and planned to open by 2027. The completion of Project Learn Hive and the final construction of the college campus is by 2028. The bullding work wlll be Carèful phased to ensure the current accommodatioii remains operalional for as long as possible, minimising disruption before demolition and the transition to the new Venturewood building. How You Can Help Your support wlll play a pivotal role In establishing a purpose-built, fully accessible centre for neurodiverse and disabled young people. A facllity that will serve thoiisand5 of children and young people each year. now and for generatlons to come. This Is more than a building,. it's a legacy of opportunity. A place whero young people are not only welcomed but truly empowered, Your support ensures that no child is left behind because of who they are, how they learn or the barrlers they face. By supportlng Project Learn Hlve, you will enable tyansfurmational experlences that unlock potential, change life trajectories and create lasting social impact. Together, we can redefine what's p0rible and build a brighter, more inclusive future. Poge 10
Petty Pool Report of the Trustees for the Year Ended 31 July 202S STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng docum•nt Petty Pool is a registered charity Ino11740821 reglstered on 2nd August 2017. The charlty was set up on 18th May 1981 and is govorned by Its revised constitution adopted on Ist May 2003 as amended 25th November 2003 and 2nd August 2017. In 2017 the charity became Incorporated. The Lharity opèrates under the name of Petty Pool, with operational activltles divided between the Potty Pool Vocational College, which provides education and trainlng for young peoplewlth learnlng disabillties, and the Petty Pool Outdoor Centre. providing personal development through adventurous activities. Petty Pool a charltable company limited by guarantee, company number: 10410072 15 the sole corporate trustee of the existing unincorporated charity whlch holds only the Buildlngs and Investment Portfollo. Organls3tional structure The Charity is governed by a Board of fivo Trustees who are responsible for setting the strategic direction and policles of the organisation. The Trustees regularly review and maintain a Risk Register to identify and assess key organSsational risks and to ensure that appropriate actions aro taken to mitigate any slgnificant exposure, Day-to-day operatlonal managementls delegated to the Chief Executlve, Deputy Chlef Executive, Principal of the College, and the Senior Leadershlp Team, The Chief Executlve, supported by the Deputy Chief Executive. is responsible for the effective delivery of the Charlty's seivlces and for overseeing growth and development in line with the objectives set out in the Strategic Plan, The Senior Leadership Team manages the Charity's operational activities. including staff supervision. service delivery, and the ongolng dovclopment ot rtaff ski15s and working practices, ensuring alignment with best practice and the Charity's short- and long-term objectivès. Pagcll
Petty Pool Report of the Trustees for the Year Ended 31 July 2025 Indu¢tlon and tralnlng of new trustees All Trustees have received 8 formal induction, including an Inductlon handbook, a tour of the Charity's sStes, and meetings with senior leaders involved in the Advisory Boards to which each Trustee is linked. Trustees have also completed mandatory training appropriate to their roles, Includlng Safeguarding training with Keeping Children Safe in Education IKCSIE) updates, Health and Safety, GDPR, SEND legislative responsibilities, and relevant Ofsted updates to ensure they remain Informed of current regulatory and inspection requirements. The Chlef Executive has annual objectives set by the Board and is subject to an annual appraisal conducted by tho Chair and Vice Chair, with regular engagement with the Chair and Trustees throughout the year. The rernuneration of the Chief Executlve and othei senior staff is reviewed annually. The Trustees determlne senior management remuneratlon based on recommendations from the Chief Executive, with reference to pay levels In comparable organlsatlons, sector benchmarks, and specialist roles, ensuring remuneration is appropriate to the size, complexity, and needs of the Charity, Key management remuneration The Trustees consider that the Board of Trustees and the Chlef Executlve as comprislng the key management personnel of the charity as they are responsible for dlrectlng and controlling the charity and for the operational delivery. All Trustees give their time freely and no Trustee remuneration c)r Trustee expenses wpre paid in the past year. The pay of the Chief ExecLltive, along with all the staff, is reviewed annually and a decision made as to any pay increase. The remunLJratlon is bench marked against charities of a similar size to ensure it is in line with that generally paid for simil3r roles. l)age 12
Petty Pool Report of the Trustees for the Year Ended 31 July 2025 Cheshlre College South and West Partnorshlp Petty Pool Vocational College has had a long-term and successful Service Level Agreement wlth Cheshire College South and West ICCSW), for the delivery of hlgh-quallty education and trainlng services for young people with learning disabilities. The Board at Petty Pool have taken the decision to apply for Independence Status with the Education FLinding Agency due to the Inabilityto grow In numbers and meet local need. Petty Pool advised CCSW ofthis decision and the application process ha5 Started and been successful, therefore acadernic year 24125 wlll bo the last year with CCSW, Cheshlre Autlsm Practlcal Support Following a period of due dlligence and recognlsing how Cheshire Autlsm Practical Support (ChAPSI complements the Petty Pool Family In meeting the needs of famllies with young children through targeted suppori, traininq and dodicated activities, our Board agreed to formally support the charity. Petty Pool established a strategic relatlonship with ChAPS and has significant influence through the appointment of one trustee to the ChAP% board, while ChAPS remains a separate legal entity and an independent charity in its own right. Since establishing this relationship, we have strengthened stratogic direction and supported ChAPS to successfully secure a Natlonal Lottery grant to support its work in schools, alongslde additioiial funding to expand family support service& REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 10410072 (England and Wales} R&g1stored Charlty number 1174082 Reglstered offlc• Petty Pool Outdoor Centre Pool Lane Sandiway Northwich Cheshire CW8 2DR Trusteès B Phillips C M Williams L Fl Nisbet J B Cole Iie51gnod 31.12.24} EJLees Mrs G L A Joscphs A Kendall (appointed 23,7.25) Patrons P Hickson Lady Grey of Codnor Daniel Bird l)age 13
Petty Pool Report of the Trustees for the Year Ended 31 July 2025 REFERENCE AND ADMINISTRATIVE DETAILS Audltors Volsey & Co LLP 8 Winmarleigh Street Warrlngton Cheshlre WAIIJW Sollcltors Brabners Horton House Exchange Flags Llverpool L2 3YL Advlsers Bankers Barclays Virgin Bank Portfolio managers 8rown SliiplLy 3 Hardman Street Manchester M33HF Chlef Ex•cutlvè Sally Garratt STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustee5 (who arc also the dirpc.tors of Petty Pool for the purposes of eompany lawl are responsible for preparing the Report of theTrustee5 and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accgpted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under that law. the trustee have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted AccoLinting Practice (United Kingdom Accounting Standards and appl icable lawl. Under company law the Irustees must not approve the financial statements unless they are satisfied that theygive a true and fair viewof the stateofaffairsof the charltable company and of the incoming rosourcos and application of ro50urces, Including the incomp and expenditure, of the charitable company for that period. In preparing those financial statemer)ts, the trustees are required to select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charitable company will continue in business. Pago 14
Petty Pool Report of the Trustees for the Year Ended 31 July 2025 The trustees are responslble for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position ofthe charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are a150 responslble for safeguarding the asset5 of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued In so far as the trustee5 are aware.. there is no relevant audit information of which the charitable company's auditors are unaware., and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establlsh that the auditors are aware of that information. AUDITORS The aiiditors, Voisey & Co LLP, will be proposed for re-appointment at the forthcoming Annual General Meetlng. by order of the board of trustees on ..... L R Nisbet - Trustee Pagc 15
Report of the Independent Audltors to the Members of Petty Pool Oplnlon We have audited thefinancial statements of Petty Pool (the'charitable company'l for the year ended 31 July 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, includlng a summary of significant accounting pollcies, The financial reporting framework that has been applied In their preparation is applicable law and United Kingdom AccountSng Standards (United Kingdom Generally Accepted Accounting Practice), In our opinion the financial statements: glve a true and fair view of the state of the charitable company's affairs as at 31 July 2025 and of its Incoming resources and application of resources, including its income and expenditure, for the year tFien ended. have been properly prepared in accordance with United Kingdom GenerallyAccepted Accounting Practice., and have been prepared In accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our aijdlt in accordance with Internatlonal Standards on Auditing IUK) IISAS IUKI) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibillties for the audit of the financial statements section of our report, We are Independent of the charitable company in accordance with the ethical requirements that 3re relevant to our audlt of the financial statements in the UK, Including the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements, We believe that the audit evidence we have obt<iined is sufficient and appropriaLo to provide a basis for our opinion. Conclusions relatlng to golng concorn In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in thc preparation of the financial statements is appropriate. Based on thp work we have performed, we have not identified any materlal unccrtalnties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to contlnue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responslbilities and the responsibilitie5 of the trustees wlth respect to going concern are described in the relevant sections of this report. other Information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial staternents and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to tho extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read thè other information and, in doing so, consider whether the other information is maLerially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be )aterially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements tliemselves. If. based on the worl< we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 16
Report of the Independent Audltors to the Members of Petty Pool Opinlons on other matterJ pres¢rlbed by the Companles Act 2006 In our opinion, based on the work undertaken In the course of the audit.. the informatlon given in the Report of the Trustees for the financial year for whlch the financial statements are prepared 15 consistent with the financial statements; and the Report of the Trustees has been Prepared in accordance with applicable legal requirements, Matters on whlch we are requlred to report by exception In the Ilght of the knowledge and understandlng of the charitable company and Its environment obtained in the course of the audit, we have not identified material mlsstatements In the fieport of the Trustees. We have nothing io report in respect of the followlng matters where the Companles ACL 2006 requlres us to report to you if, in our opinlon: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us. or the financial statoments are not in agreement with the accountlng records and returns; or certain disclosures of trustees, remuneration specified by law are not made; or we have not recelved all the information and explanatlons we require for our audlt,. or the trustees were not entitled to take advantage of the small companies exemption from the requlrement to preparo a Strategic Report or In preparing the Report of the Trustee& Responslbllltles of trustees As explain£,d more fully in the Statement of Trustoes, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for belng satisfied that they give a true and fairview, and for such internal control as the trustces determine is r)ecessafy to enable the proparation of financial statements that aro free from material misslalement, whether due to fraud or error. In preparln9 the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a golng concern, discloslng, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustee5 either intend to Ilquidate thc chariiable company or to cease operations, or have no realistic alternative but to do so. Pable 17
Report of the Independent Audltors to the Members of Petty Pool Our responslbllltles for thè audlt of the flnanclal statements Our objectSves are to obtain reasonable assurance aboutwhether thefinancial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinlon, Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatementwhen it exists. Misstatementscan arise from fraud or error and are consldered material If, Individually ur In the aggregate, they could reasonably be expected to Influence the economlc dec15ions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detectlng Irregularlties, including fraud is detalled below. Irregularities, including fraud, are in5tanccs of non-compliance with laws and iegulations. We design procedures in line with our responsibilities, outlined above, to detect material Misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable ofdetecting Irregularitle5, Including fraud Is detailed below., l - We enquired of management and those charged wlth governance about actual and potential Iltlgation and clalms, Including review of relevant nomlnal ledger accounts. 2 - We obtained an understanding of laws, requlations and guidance that affecl the Company, for.using on those thi)t had cl direct effect on the financlal statements or that h<id a fundamental effect on Its operations. Key laws, regulations and guidance that we identified Included the Companies Act 2006, health and safety leglslatlon and employment leglslation. 3 - We enquired of management and those charged with governance to identify any instances of non-compliance with laws and regulations. We also reviewed rneeting minutes for evidence of non- compliance with relevant laws and regulations. We reviewed the Compan$ financial statement disclosures and agreed to supporting documentation to assess compliance with the appllcable laws and regulatlons discussed above. S - We gained an understanding of the controls that management have in place to prevent and detect fraud. We enqulred of rnanagement about any incidences of fraud that had taken place during the accounting period. 6 The risk of fraud and non-compliance with laws and regulati(Jn5 wa5 discussed wlthin the audit tearn and tests were planned and performed to address these risks. 7 - In addressing the risk of fraud due to management override of controls, we performed testing of journal entries and other adjustments for appropriateness evaluating the business rationale of significant transactions outside the normal course of business and reviewing accountlng estimates for bias, 8 - We also challenge management assumptions with regard to accounting estimates, PAgc 18
Report of th• Independent Audltors to the Members of Petty Pool Despite appropriate planning and performing our work in accordance with International Auditing Standards, there are always inherent limitations that non-compliance Is not dotected. Non- compllance with laws and regulations is often further removed from the events and transactions reflected in the financial statements and material misstatemenls due to fraud can be deliberately concealed from auditors, for example through misrepresentation, forgery or collusion. A further descrlptlon of our responsibi5itles for the audit of the financial statements is located on the Flnancial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Audltors. Use of our report This report is made solely to the charllable company's members, as a body, in accordance with Chilpter 3 of Part 16 of the Companies Act 2006. Our audit work has boen undertaken so that we might State to the charitable company's members those matters we are required to state to them in an audltors, report and for no other purpose. To the fullest extent perrnltted by law, we do not accept or assume responsibility to anyoi)e other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or forthe opinions wc have formed. Hayley Jardlne BFP ACA (Senior Statutory Auditor) for and un behalfof Voisey & Co LLP 8 Winmarleigh Street Warrington Cheshire WAI IJW Date,, Iw1702 P8ge Igl
Petty Pool Statement of Flnancial Activlties (Incorporatlng an Income and Expenditure Ac¢ount) for the Year Ended 31 July 2025 The Petty 31.7.25 Pool Trust Total fund funds 31.7.24 Total funds Unrestricted Restricted funds fund5 Notes INCOME AND ENDOWMENTS FROM Donations and legacles 49,741 13,902 63,643 50,247 Charltable aetlvitles Vocational Centre Outdoor Educatlon Centre Petty Pool In the Community 3,019,720 286,277 S62,688 S4,376 3,074,096 286,277 562,688 2,875,333 240,74S 342,248 Other tradlng activities Investment income 48,000 31,192 48,000 31,192 48,000 24.315 Total 3,918,426 147,470 4,065,896 3,580,888 EXPENDITURE ON Ralsing funds 37,625 37,625 55,794 Charltable actlvltles Vocational Centre Outdoor Education Centre Petty Pool In the Community 3,096,126 33/+,307 504,659 6,806 125,145 3,228,077 334,307 504,659 3,163,549 245,002 280,817 Total 3 935,092 6,806 162,770 4.104 668 3,745,162 Net gains on investments 78,137 78,137 104,597 NET INCOMEI(EXPENDITURE) Transfers between funds 20 116,6661 17,8S6 {6,806} 17,856) 62,837 39,365 159.6771 Net movement In funds 7,790 (24,6621 62,837 39,365 159,677) RECONCILIATION OF FUNDS Total funds brought forward 608,436 31,933 2,086,917 2,727,286 2,786,963 TOTAL FUNDS CARRIED FORWARD 609,626 7,2'71 2,149.754 2,766,651 2.727,286 Tlie notes foi'n) i)art of Iliese financial slalcrnenls Page 20
Petty Pool Balance Sh••t 31 July 2025 The Petty Pool Trust fund 31.7.25 Total funds 31.7.24 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets Investments 13 14 133,045 7,271 808.083 1,295,532 948,399 1,295,532 993,923 1,433,120 133,045 7,271 2,103,615 2243,931 2,427,043 CURRENT ASSETS Stocks Debtors Cash at bank and In hand 15 16 3.302 445,684 420107 3,302 393,713 512,607 4,086 362,655 369.747 52,600 869,093 145,100 909,622 736,488 CREDITORS Amounts falling due within one year 17 1265,012} 198,9611 1259,402) llb36,2451 NET CURRENT ASSETS 604,081 46,139 650 220 300,243 TOTAL ASSETS LESS CURRENT LIABILITIES 737,126 7,271 2,149,754 2,894,151 2,727,286 PROVISIONS FOR LIABILITIES 19 1127,5001 27,5001 NET ASSETS 609 626 7,271 2,149,754 2 766,651 2 727,286 FUNDS Uiirestricted funds Restricted funds Endowment funds 20 609,626 .1,271 2,149,754 608,436 31,933 2,086917 TOTAL FUNDS 2,766,651 2,727,286 Tlic notes forin part of tl)ese financial slatenienis Page21 Continued.,
Petty Pool Balance Sheet - contlnued 31 July 2025 These fir)ancial statements have been prepared in accordance with the provlslons applicable to charitable companie5 subject to the small companies regime. ncial statements wère approved by the Board of Trustees and authorised for issue on . and were signed on Its behalf by: L R Nisbet - Trustee Williams- Trustee Th¢ iiotes foi'i)I ptjrl of these fiiiancial Statllent$ Pagc 22
Petty Pool Cash Flow Statemgnt for the Year Ended 31 July 2025 31.7.25 31.7.24 Notes Cash flows from op•ratlng a¢tlvlti¢s Cash generated from operations Intprest pald 21,113 86.996 Net cash provided by operating activities 21,113 86,442 Cash flows from Investlng a¢tlvltl•$ Purchase of tangible flxed ic ssets Purchasè of fixed asset investments Sale of fixed asset investmonts Dlvldends recelved (65,790} (3SI,703) 567,428 31,192 189,497) 1936,845) 996,013 243lS Net cash provided by/(used in) investing activities 181,127 C•sh flows from flnan¢lng actlvitles Amounts owed by associated undertakings Net cash (used inl/provlded by financlng activlties 59 3801 Change In cash and cash equlvalents In the reportlng perlod Cash and cash equivalents at the beglnnlng of the reportlng perlod 142,860 80,428 369,747 289,319 Cash and cash equlvalents at the end of the reportlng perlod 512 607 369,71+7 The Thotes foi'in part of Ilicse fiiiancial sldiemenls P&g¢ 23
Petty Pool Notes to the Cash Flow Statement for the Year Ended 31 July 2025 RECONCILIATION OF NET INCOMW(EXPENDITURE) TO NET CASH FLOW FROM OPÉRATI NG ACTIVITIES 31.7.25 31,7.24 Net Incomel(exp•nditure) for the Yeportlng period (as per the Statement of Flnanclal Actlvltles) Adjustmènts for: Depreclation charges Galn on investments Interest paid Divldènds received Decrease/lincr&èsel in stocks Decrease In debtors (Decreasel/increase in creditors 39,365 159,677) 111,314 178,1371 100,233 1104,5971 554 124,3151 11,5531 82,069 94,282 131,192) 784 28,322 149,343) Net cash provid•d by operatlons 21,113 ANALYSIS OF CHANGES IN NET FUNDS At I,EJ.24 Cash flow At 31.7.2S Net cash Cash at bank and in hènd 369,7l+7 142,860 512607 369,747 142,860 512,607 Total 369,747 142,860 512,607 Tlie iiotes foi'tn part of Il?rse finaiioial staleinciiis Page 24
Petty Pool Not•s to the Flnanclal Statements for the Year Ended 31 July 202S ACCOUNTING POLICIES Basls of preparlng the flnanclal stat•ments The financial statements of the charitable company. whlch is a publlc beneflt entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accountlng and Reporting by Charities.. Statement of Recommended Practice applicable to charities prepaiing their accounts in accordance with the Financial Reporting Standard applicable in the UK t)nd Republic of Ireland IFRS 1021 (effective l January 2019),. Financial Reporting Standard 102 The Flnancial Fleporting Standard applicable in the UK and fiepubltc of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost conventlon, with the exception of investments which are Included at market value, as modlfied by the revaluation of certaln assets. At the tlme of approving the financial statements, the trustoes have a reasonable oxpectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting In preparing the flnancial statements. Income All income is recognised in the Statèment of Financial Activities once the charity has entitlempnt to Ihe funds, it is probable that the income will be received and thc amount can be measured reliably, Donations, are recognised when the Charity has been notified in writing ot both the amount and settlement date. In the event that a donation is subject to conditlons that requlre a level of performance bL%fore the charity is entitled to the funds, the income is deferrod and not recognised ijntil either those conditlons are fully met, or thL fijlfilment of those conditions is wholly within the control of the charity and it is probable that those conditlons will be fulfilled in the reporting period. Income from government and other grants, whelher 'capital' grants or 'revenue' granis,is recogni5ed when the charity has entitlement to the funds, any performance conditions attachod to the grants have becn met. it is probable that the income will be received and the amount can be measured reliably and is not deferred. For legacies, entitloment is taken as the earlier of the date on which either.. the charity Is aware that probclte has boen granted, the ostate has been finalised and notification has been made by the executorlsl to the Trust that a distribution will be made, or when a distribution Is received from the estate. Receipt of a legacy, in whole or in part. is only considered probable when the amount can be measured reliably and the charity h35 beer) notified of thè executor's intontion to make a distribution. Where legacies have been notified to the charity, or thc charity is aware of the granting of probate. and the criteria for income recognitlon have not been met, then the legacy is a treated as a contingent asset and disclosed if material. Intereet on funds held on deposit is includcd when roceivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or payable bythe Bank. Dividends are recognised once the dividend has boon declared ènd notific.ation has been received of the dividend due. This is normally upon notification by our investment advisor of the dividcnd yield of the investment portfolio. Pagc 25 conlinu¢d...
Petty Pool Note5 to the Flnanclal Statements for the Year Ended 31 July 2025 Expendltur• Liabilities are recogn15ed as expendlture as soon as there is a legal or constructlve obligatlon commlttlng the charlty 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 rellably. Expenditure 15 accounted for on an accruals basls and has been classlfied 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. Provision is made for the replacement or repalr of the Charlty's assetswhen the need has been Identified. The Charity provides for the future replacement of the buildings due to their short lifespan. ACCOUNTING POLICIES- contlnu•d Governancè costs Governance costs include external audit, legal advlce on governance matters, Trustees, expenses, and an apportionment of shared and indirect costs. Allocatlon and apportlonment of costs Cost of generaLlng fundb includes a proportlon of shared and Indirect costs, Direct charltable expendlture consists of direct, shared and indlrect costs associated with the main activities of the Trust. Shared and indlrect costs are apportioned on the basls of the number of full-time equivalent staff. Tanglble tlx•d assets Tangible fixed assets are measured at cost less accumulatgd depreciatlon and any accumulated Impalrment losses. Depreciatlon is provided at rates calc.ulated to write off the cost of the fixed assets, less their estlmated residual value, over their expected useful lives on the following bases.. Freehold property Plant and machlnery Fixtures and fittings Motor vehicles Computer equipment - 2%, 3.3% and 6.67% on cost - 25% on cost and IO% on cost - 25% on cost - 25% on cost - 25% on cost ljagc 26 continucd...
Petty Pool Notes to the Flnanclal Statements - contlnued for the Year Ended 37 July 2025 ACCOUNTING POLICIES - continued Stocks Stocks are valued at the lower of cost and net realisable value. after rnaking due allowance for obsolete and slow moving items. Taxatlon The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used In accordance with the charitable objectives at the discretion Df the trustees. Restricted fLJnds can only be used for particular restrlcted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund Is included In the notes to the financlal statements, Hlre pureha5e and leaslng commltment$ Rentals pald uniler operating leases are charged to the Statpmenr of Financial Ac.tivities on a straight line basis over the period of the lease. Penslon costs and other post-retlrement beneflts The charitable company operates a defined contrlbution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activltles in the period to which they relate, Flnanclal Instruments The charity ha4 elected to apply the provisions of Section 11 'Baslc Findncial Instruments, and Section12'0ther Financial Instruments Issues, of FRS 102 to all of Its financial Instruments. Pagc 27 Lvntinucd...
Petty Pool Notes to the Flnanclal Statements - continued for the Year Ended 31 July 2025 ACCOUNTING POLICIES - contlnued Flnanclal Instruments Financial instruments are recognlsed In the company's statement of financial position when the charity becomes party to the contractual provislons of the instrument. Financlal 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 to settle on a net basls or to realise the net asset and settle the liability sirnultaneously. Baslc flnancial assets 8asic financial assets, which include debtors and cash and bank balances, are Initially measured at transaction price Including transaction costs and are subsequently carrled at amortisod costs using the effoctive interest method unlesq the arrangement constiLuLe% a financSng transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable wlthln oneyear are not amortised. Other flnanclal assets Other financial assets, includlng invpstments in equity instrumonts which are not subsidiariiis. associates or joint ventures, are initially measured at fair value, which Is normally the transaction price. Such assets are subsequently carrled at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured roliably are measured at Cost less impalrment, Impalrment of flnanclal assets Flnanclal assets, other than those held at fair value through profit or loss, are assessed for Indicators of impairment at each reporting end date. Financia5 assets are Impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recogrlition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrylng amount and the present valije of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Derecognltlon of financlal assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transforred to another party that is able to sell the asset in Its entirety to an unrelated third party. Employee beneflts The costs of the short-term employee k)enefits are recognised as a liabiliLy and an expense, unle55 those costs are required to be recognised as part of the costs of stock or fixed assets. rhe 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 company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Page 28 ¢onlinu¢d..
P•tty Pool Notes to the Financlal Statements - eontlnued for thè Year Ended 313uly 2025 Flxèd ass•t Investments Fixed asset investmentswhich are listed on recognised stock exchanges are stated atyear end market value. Fixed asset investments which are unlisted are stated at cost less provisions for reductions In value. DONATIONS AND LEGACIES The Petty Pool Trust funds 31.7.25 Tota I funds 31.7.24 Total funds Unrestricted Fiostricted funds funds Donations 13,902 50,247 OTHER TRADING ACTIVITIES The Petty Pool Trust funds 31,7,25 Total funds 31.7.24 Total funcjs Unrestrictod Restricted funds funds Management charge 48,000 INVESTMENT INCOME The Petty Pool Trust funds 31,7,2S Total funds 31.7,24 Total funds Unrestricted Restricted funds funds Other flxed asset invest- Fll 31,192 31,192 24,315 l)a8e 29 ¢oiiliniicd.
Petty Pool Notes to the Financlal Statements - continued for the Y¢ar Ended 31 July 2025 INCOME FROM CHARITABLE ACTIVITIES 31.7.25 31.7.24 Activity Sales and supplies Vocational Centre Recharge of salaries Vocatlonal Centre Grants Vocational Centre Service level agreements Vocational Centre Sales and supplies Outdoor Education Centre Grants Outdoor Education Centre Sales and supplies Petty Pool In the CommLJnity 157,699 46,835 40,000 2,829,562 286,277 156,080 1,000 2,718,253 222,770 17,975 342,248 562,688 3,923,061 3.458,326 Grants received, included in the above, are as follow< 31.7.25 31.7.24 Garfield Weston Foundation UK Youth Anne Duchess of Westmlnsler's Fund Sported Foundation Grant 40,000 8,175 9,800 1,000 40,000 18,975 Pa8e 30 conlinlied...
Petty Pool Notes to the Flnanclal Statements - contlnued for the Year Ended 313uly 2025 RAISING FUNDS Ralslng donations and legacles The Petty Pool Trust funds 31,7.25 Total funds 31.7.24 Total funds Unrestricted Restricted funds fund5 Fundraislng expenses 29,515 29,515 46,625 Investment management costs The Petty Pool Trust funds 31.7.25 'I'otal funds 31.7.24 Total funds Unrestricted Restricted funds funds Portfollo rnanagement 9,169 Aggregate amounts 37,625 55,794 CHARITABLE ACTIVITIES COSTS Support costs (see note 81 Direct Costs Totals Vocatlonal Centre Outdoor Education Centre Petty Pool In the Community 2,681,724 308,610 472,1'79 546,353 25,697 32,480 3,228,077 334,307 504,659 3 462.513 604 S30 4,067,043 SUPPORT COSTS GoveTnance Management Totals Vocational Cei)tre Outdoor Education Centre Petty Pool In the Community 440,207 18,025 106,146 7,67?. 13,907 546,353 25,697 32,480 476 805 127,725 604,530 Pllgc31 conliniied...
Petty Pool Notes to the Flnanclal Statements - Contlnued for the Year Ended 37 July 2025 NET INCOME/(EXPENDITURE} Net incomellexpenditure) is stated after charging/(crediting): 31.7.25 31.7.24 Auditors, remuneration Depreciation - owned assets Other operating leases 9,750 111,314 62,054 5,454 100,232 66,988 10. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024. Trustees, expenses There were no trustees, expenses paid for theyear ended 31 July 2025 nor for the year ended 31 July 2024. STAFF COSTS 31,7.25 31.7.24 Wages and salaries Socia I security costs Other pension costs 2,948,856 280,667 2,449,387 71,634 3,310,994 2,721447 The average monthly number ofemployees during theyear was as follows,. 31.7.25 124 31.7.24 108 Management, Admin & Teaching The number of employees whose employee benefits lexcludlng employer pension costs) exceeded £60.000 was: 31.7.25 31.7,24 £60,001- £70,000 £80,001- £90,000 £100.000- £105,000 £130,000- £]35,000 Page 32 conlii)ued...
Petty Pool Notes to the Flnancial Statements - contlnued for the Year Ended 31 July 2025 12. NET GAINSI(LOSSES) ON INVESTMENTS Year Ended Year Ended 31.7.25 31.7.24 Unrestrlcted Restricted The Petty Pool funds funds Trust funds Total funds Total funds Unrealised gains/llossesl - on fixed asset investments 79,293 79,293 74,554 Realised ga5ns/llossesl on fixed asset investmc)nts 11.1561 11,1561 30,043 104,597 13. TANG18LE FIXED ASSETS Freehold property Classroom Building Plant and machinery COST At l August 2024 Additions 889,405 590,053 139,534 26,354 At 31 July2025 889 405 596,753 165,888 DEPRECIATION At l August 2024 Charge foryear 51.5,518 27,186 111,809 22,962 117,77ÉJ 10,378 At 31 July 2025 J43 304 134,771 128.156 NET BOOK VALUE At 31 July2025 346,101 461,982 37.732 At 31 July 2024 373,887 478,244 21,756 PaB¢ 33 rontii)ucd...
Petty Pool Notes to the Flnancial Statements - contlnued for the Year Ended 31 July 2025 TANGIBLE FIXED ASSETS - continued 13. Fixtures and fittings Motor vehlcles Computer equlpment Totals COST At l August 2024 Additlons 68,265 4,145 252,811 95,792 28,591 1035,860 65,790 At 31 July2025 72,410 252,811 124,383 2,101650 DEPRECIATION At l August 2024 Char9e for year 56,448 170,085 27.417 70,299 15,826 1,041,937 111,314 At 31 July 2025 63,393 197,502 86.125 1,153,251 NET BOOK VALUE At 31 July2Q25 9,017 55,309 38,258 948,399 At 31 July 2024 11,817 82,726 25,493 993,923 Freehold property and the classroom building are owiicd by The Petty Pool Trust (the linked cha rityl. 14. FIXED ASSET INVESTMENTS 31.7,25 31.7.24 Shares Other 1,278,844 16,688 1,218,803 214317 1,295,532 1,433,120 Additional information as follows: Listed investments MARKET VALUE At 7 August 2024 Additions Disposals Rovaluations 1,278,803 351,703 1370,9551 79,293 At31 July2025 NET BOOK VALUE At 31 July 2025 1,278,844 1,278.844 At 31 July2024 Pagc 34 contiiiucd...
Petty Pool Notés to the Flnanclal Statement5 - contlnued for the Year Ended 31 July 2025 lih FIXED ASSET INVESTMENTS - contlnued 31.07.25 31.07.24 UK USA 834,183 884,459 262.738 142,322 192,022 Europe 181,921 1,278,842 1,218 803 The change In valuation In the year was £79,293, Investments Inelther listed nor unlisiedl were as follows: 31.7.25 31.7.24 Funds held by broker 16,688 214,317 The investments are held byThe Petty Pool Trust (the linked charlty). 15. STOCKS 31.7.25 31.7.24 Stocks 3,302 4.086 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.25 31.7.24 Trade dcbtors Amounts owed by participating interests Other debtors Prepayments and accrued income 2??,976 59,380 55,680 55,677 130,066 43,613 188,976 393,713 362,655 PagL 35 ¢onlinued...
Petty PLioI Notes to the Financial Statements - contlnued tor the Year Ended 31 July 2025 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.25 31.7.24 Trade creditors Social security and other taxes OLher creditors Accruals and deferred income 100,678 67,489 17,262 73,973 98,765 SS,795 15,948 265,737 259,402 436,245 Deferred income comprlses sales Invoices raised in advance of the year to which it relates. 31.07.2S Balance as at Ist August 2024 12,575 Amount released to Income earned from charitable activities Amount deferred In year (12,5751 15,580 Balance as at 31st July 2025 15,580 18. SECURED DEBTS Virgin Money holds a legal first charge over the Outdoor Centre in respect of the overdraft and company credit cards held. 19, PROVISIONS FOR LIABILITIES 31.7,25 31,7.24 Provisions 127,500 31.7.25 Balance bld 1.08.24 Transfer from accruals Movement in year 237,428 1103,928) Balance cld 31.07.25 127,500 The provlsion relates to repairs arid maintenance that is schoduled to take placè over the next 3 years as follows.. 2025126 - £75,900 2026127 - £47,600 2027128 - £ 4,000 Page36 coiitinued...
Petty Pool Not•s to thè Flnanclal Statements - contlnued for the Year Ended 31 July 2025 20. MOVEMENT IN FUNDS Net movement in funds Tra nsfers between funds At 31,7.25 At 1.8.24 Unrestrl¢ted funds General fund 608,436 (16,6661 17,856 609,626 R•$trlcted funds Provlsion of sports equlpment and facilities Golf Programme CO-OP- Collegc Communication Project Howdens Network Rail Climbing Wall Upgrade Football Equlpment Joshua Tree Spacehive Donation for PPC Mlnibus 11,602 111,6021 593 846 15931 18461 436 156 6,254 870 1,481 14361 1156) 16,254) 1870) 11,4811 7,271 31,933 16,8061 (17,8561 7,271 Endowment funds The Petty Pool Trust 2,086,917 62,837 2,149,754 TOTAL FUNDS 2,727,286 39,365 2,766,6SI Pugc 37 conlinLlCd...
Petty Pool Notes to the Financlal Statements - Contlnued for the Year Ended 31 July 2025 20. MOVEMENT IN FUNDS - contlnued Net movement in funds, Included in the above are a5 follows: Incoming Resou rces resources expended Gains and Movement losses in funds Unrestricted funds General fund 3,918,426 13,935,092) 116,6661 Restrlcted funds Golf Programme CO-OP- College Communicatlon Project Howdens Network Rail Football Equipment Joshua Tree Spacehive Donatlon for PPC Minibus 15931 18461 15931 18461 14361 11561 18701 0,4811 (4361 (1561 18701 (1,4811 2,4241 16,8061 16,8061 Endowment funds The Petty Pool Trust 147,470 1162,7701 78,137 62,837 TOTAL FUNDS 4,065,896 14,104,668) 78,137 39,365 Pag¢ 38 oiilinu¢d,.,
Petty Pool Notes to the Flnanclal Statements - continued for the Year Ended 313uly 2025 20. MOVEMENT IN FUNDS - contlnued Comparatlves for mov•m•nt In funds Net movement in funds Transfèrs between fund5 At 31.7.24 At 1.8.23 Unr•stricted funds General fund 571,48S 33.896 3,055 608,436 Restrlcted funds Personal Dcvelopment Through Outdoor Activltle5 Support Funding for Staff Volunteering Days Provision of sports equipment and facil itie5 Provlsion of Adult Health & Wellbeing Day Servlces in Macclesfield Golf Progr<]mme CO-OP - College Communlcation Project Howdens Network Rall Cllmbing W<)11 Upgrade Football Equipment Canoe Equlpment Joshua Tree Spacehive Donation for PPC Minlbus 4.1SS 11701 14,1551 170 12,768 11,1661 11,602 14,886 114,8861 S93 846 593 846 436 156 6,254 870 19301 1,481 9,695 436 156 6,254 870 930 1,481 27,654 7,334 13,0551 31,933 Endowment funds Thc Petty Pool Trust 2,187,824 DOO,9071 2,086,917 TOTAL FUNDS 2,786,963 59.6771 2 727,286 Page 39 oniinuc<t.
Petty Pool Notes to the Flnanclal Statements - contlnued for the Year Ended 31 July 2025 20. MOVEMENT IN FUNDS - contlnued Comparative net movement in funds, included In the above are as follows: Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund 3,437,732 (3,403,836) 33,896 Restrlcted funds Personal Development Through Outdoor Activities Support Funding for Staff Volunteerlng Days Provision of sports equipment and facilities Provision of Adull Health & Wellbeing Day Services in Macclesfield 23124 Events Site work Golf Programme CO-OP - College Communication Project Howdens Network Rail Climbing Wall Upgrade Football Equipment Canoe Equipment Joshua Tree Spacehlve Donation for PPC Minibus 8,175 6,500 {4,0201 16,6701 4,15S (1701 11,1661 0,1661 114,8861 114,8861 400 483 5,731 846 14001 11+831 (5,1381 593 846 2,658 187 9,800 1,000 9,800 5,764 9,695 12,2221 (311 13,546} 1130) 110,7301 14,2831 436 156 6,254 870 1930) 1,481 9,695 61,039 IS3,7051 7,334 Endowment funds The Petty Pool Trust 82,117 1287,6211 104,597 1100,9071 TOTAL FUNDS 3,580,888 3,745,162) 104,597 59 6771 Page 40 conlinii¢(l...
Pètty Pool Notes to tho Flnanclal Statements - contlnued for the Year Ended 31 July 2025 20. MOVEMENT IN FUNDS - contlnued The movement In funds of the linked charity, The Petty Pool Trust, are a5 follows: Net movem entsin funds At1.8.24 At 31.7.25 Unregtrlcted funds General fund 1167,3341 132,8941 1200,228 Deslgnated bLJlldlng funds 1,084,132 1,082,38 12,7501 917,791J 135.6441 882,154 R•strlcted funds Grarits 40,000 40,000 Endowment funds Pa¥c41 continued...
Petty Pool Notes to the Flnancial Statements - contlnued for the Year Ended 31 July 2025 20. MOVEMENT IN FUNDS - continued Legacy Endowment fund 1,169,122 101,219 1,270,33 2,086,917 105,575 2,192,492 Transfers between funds Where funding has been received to purchase assets but there Is no restriction on the asset use, the funds have been transferred to general. 21. EMPLOYEE BENEFIT OBLIGATIONS The Charity operates a defined contribution scheme. The assets of whlch are helrj separately from the assets of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charlty to the fund and amounted to £81,47112024 £71,634). 22. RELATED PARTY DISCLOSURES Brabners LLP lofwhich L R Nisbett is a partner) Invoiced the charity £7,800 in respect of various leg¢)I matters which were oul%tanding at the year end, The Charity has made the following charges to an associated charity (Cheshire Autlsm Practical Support L.tdl during the yoar:_ Salary recharge £46,835 Support costs a2,750 In addition to the above Petty Pool rented a room from the associated charity at a cost of £9,600 for the year. 23. RESTRICTED FUNDS Personal Development Through Outdoor Activities This is funding to provide outdoor learning activities for young people. Support Fundlng for Staff Volunteerlng Days This funding from Barclays to enable it5 Staff to volunteer thelr time to carry work on site. Provlsion of Adult Health & Wellbeing Day Servlces In Macclesfield Thc fundiny WLiS used to pay for staff salaries to operate the servtce. Learner Golf Programme The funding wa.s usod to pay for golf lessons for learnors as part of th@ Swing into Golf programmo. Pagc 42 continucd...
Petty Pool Notes to the Mnanclal Statements - contlnued for the Year Ended 31 July 2025 23. RESTRICTED FUNDS - contlnued PPC Member Equlpment The funding was received to enable the Charity to buy silent disco equipment for Petty Pool in the Community. Climblng Wall Upgrade The funding was reccived to enable the Charity to make modlfications to the OEC'S climbing wall. Canoe Equlpmént The funding has enabled the charity to purchase new canoes and equlpment. Joshua Tve• Paytlal OÉC Staff Fundlng The funding was to provlde a contribution towards the cost of a tutor. Sp3cehSve Donation for PPC Mlnibus To provide funding towards a minlbus for the charity to operate the Petty Pool Sn the Community. The charity also recoived a number of donatioris undor £lOOO to fund varlous project5 or purchase equipment. 24 REMUNERATION OF KEY MANAGEMENT The charity considers Its key management personnel comprise the trustces and Chief Executive dnd Senior Management Team. The total Limployment benefits including employer pens5on contributions of the key management personnel for the year were £548,81612024: £438,497). 25. SUBSEQUENT EVENTS From August 2025, Petty Pool was approved to operate as an Independent College. A5 a consequence of the change in status, the College is now able to arcess full studcnt funding directly from the DFE and local authoritie5 and no longer incurs administration charges previouqly dedLJLted under the subcontractor agreement. For the year ended July 25, vocational college income amounted to £3,074,096 and expenditure totalled £3,228,077. Management forecasts for the current financial year indicate income of approximately £3,830,167 and cxpenditurc of approximately £3,576,697, reflecting the anticipated financial benefits of the revised funding arrangements. Whilst the precise long-term financial impact cannot yet be reliably quantified, the Trustees consider that the cl)ange in status is expected to have a favourable effecl Oh future financial performance and siistainability. PaBC 43 coiitinucd...
Petty Pool Detailed Statement of Flnanclal Activltles for the Year Ended 31 July 2025 The Petty Pool Trust funds 31,7,25 Total funds 31.7.24 Total funds Unrestricted Restricted funds funds INCOME AND ENDOWMENTS Donatlons and legacles Donations 49,741 13,902 63,643 50,247 other tradlng activltles Management charge 48,000 48,000 48,000 Investment Income other fixed asset Invest - Fll 31,192 31,192 24,315 Charitable a¢tlvltles Sales and supplies Recharge of salarles Grants Service lovol agreements 992,288 46,835 14,376 1,006,664 46,835 40,000 2,829,562 721,098 40,000 18,975 2,718,253 2,829,562 3,868,685 5l+,376 3,923,061 3,458,326 Total Incomlng resources 3,918,426 147 1tr70 4.065,896 3,580,888 EXPENDITURE Ralslng donatlons and legaci•s Fundraising expenses 29,515 29,515 46,625 Investment management costs Portfolio managpment 8,110 8.110 9,169 Charitable activltles Wages Social securlty Pensions Flates and water Insurance Light and heat Postage and stationery Residents, and students, trips Motor expensos Farm costs Repairs Educational costs Caryied forward 2,673,579 ?.57,271 75,023 1,481 43,335 2,718,395 257.271 75,023 2,244,099 183,233 65,594 2,369 48,326 64,317 40,'/OS 12,S28 1*7,166 11,174 /8,082 57,546 2,855,139 59,665 66,263 24,920 17,882 61,199 2,187 181,9341 56,290 3,212.345 59,665 66,263 24,920 17,882 61,199 2,779 181,9341 58,599 3,260,062 592 2,309 4,382 43,335 Tliis pag¢ do¢s not forim pait of Ilie slatulory finaiicial slatemenls Pa8c 44
Petty Pool Detalled Statem•nt ot Financlal Actlvltles for the Year Ended 31 July 2025 The Petty Pool Trust funds 31.7.25 Total funds 31.7.24 Total funds Unrestricted Restricted funds funds Charltable actlvltles Brought forward Catering and accommodation Bad debts OEC gift shop costs Depn of freehold property Classroom building Depn of pSanL & machinery Depn of fixtures & fittings Motor vehicles Oepn of computer equipment 3,212,345 91.137 4,382 43,335 3,260,062 91,137 2.8SS,139 65.429 14.3531 2,707 24,534 22.710 6,925 6,042 24,119 27,786 22.962 27,786 22,962 10,378 6,945 27,417 15,826 10,378 6,945 24,993 15,826 2,424 3,361,624 6,806 94.083 3,462,513 3,019,155 Support cost8 Management Wages Social security Pensions Other operating leases Telephone Advertising Sundries Llank charges Subscription5 Tralning costs Health & safety costs Cloaning and laundrycosts Recrultment costs Bank Interest 230,461 23,-396 6,448 62,054 19.496 30,122 S,287 230,461 23,396 6,448 62.054 19,1*96 30,122 5,287 118 26,297 16,530 14.313 25,676 16.607 205,288 1'7,193 6,040 66,988 19,526 6,918 118 746 13.719 28,277 10,924 25,979 2,558 554 26,297 16,530 14,313 25,676 16,607 476,687 118 476.805 409,277 Governance costs Auditors, remuneration Accountancy fees Legal and professional fees Consultancy fees Management charge 9,750 6.649 22,932 9,449 48,001 9,750 6,649 20,787 /+2,538 413,001 5,454 6,542 6,780 194,160 48,000 12,145) 33,089 96,781 127.725 260.936 Total resources expended 3,935,092 6,806 162,770 4,104,668 3,745,162 Net expendlture before gains and losses 116,6661 16,8061 IIS,3001 138,7721 1164,2741 This pH¥e does iiol form })ail of Ihc statutory fin&nLial slalenienls Page 45
Petty Pool Detailed Statement of Flnanclal Actlvltles for the Yèar Ended 313uly 2025 The Petty Pool Trust funds 31.7.25 Total funds 31.7,24 Total funds Unrestricted Fiestricted funds funds Reallsed reeognlsed galns and losses Realised galnslllossesl on fixed asset investments 78,137 78,137 104,597 Net Incomel(expendlture) 16,6661 6,8061 62,837 39,365 59,6771 Tliis pa¥e does not forin part of the slalulory financial blllleiiients Pagc 46