Chwmy r•gl•trth number 290397 {Engl•nd and Wal•) Company w••11¢n nun•J•r 018483S7 THE SWANAGE PIER TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 arrisons chartered accountants 4 Brathloy Close BH23 6SE
THE SWANAGE PIER TRUST LEGAL AND ADMINISTRATIVE INFORMATION MrWJ Law M$RLMack MSA J Peitiit Mr H S Potler MrGMSu¢ Ms A Tum8r Msskns (Appointed 7 June 20241 (Appointed 7 20251 {Appoint8d 7 M¥¢h 2025 {Appointed 7 M¥th 20251 IASCFY Chadty numbar {Ewland and W1 2SIJ397 Compary numb•r 01848357 R•glst•r•d ¢*nc• High Street SWge BH19 2AP Ind•p•nd•nt •xamln•r 4 Ch)s¢ Chrisldwrth Dorsgt BHTJ 6SE
THE SWANAGE PIER TRUST CONTENTS TnJste8s' report Irwjepersdwl ex$ rewt Slatomont olfmancaal actvAbos Bal sheel Noles lo the ffinanckl sla1*yts 7-17
THE SWANAGE PIER TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AIARCH 2025 Thg Iru$t8as pr8senl thoirannual retM)rt and fAwial statwfwnts lor yo¥ ended 31 Marth 2025. The ffin8nci•l stslements h8ve ten prep¥ed in accrfydan the acCnting poliues set out in r#)t8 1 to tha financial Statements aThY ttlmply the charity's govemry docurnent. the Cc¥npanies Acl 2006 and 'Ac¢ounting and Reporting by Charities.. Statwwt of Rec4Jmmended Pract£ appthcae to charities preparn)g thèir a¢¢ount$ in aCrdance with the FinwKial Reporb'ng Stsndard apFdicth in the UK and Republic of Ireland IFRS 102}. (effective 1 January 2019). ObJ•¢tlv•$ and aetSvlil The Charivs objects and prwicyal activitss contr to b• ralslNJ ftThJs and wovkling for Ihe perrn8nent PMS8rvation and mana9emènt ol the Swanagè p ILY th• bènèfit ol public. Cm 1st Soptember 1994 the Charity was granted a seven year lease ¥bknwgby it t(y)k over thg day to day op9ratn of Ihg pier from its subsidiary undertaklng, Swanage Compaw. A lurthgr l&ase und&r Ihe Hartxwrs Ad 1964 w35 granted by the Swat)age Pler ConN)any f(K three years. Undw tho18ase. Itw ao ob1igatiry whereby the Charity vril manage the pier 8nd r8is8 funds th• pu06 of restoring arKI prewmng the per. Two IwiheT 21 year leases have now been grantèd, éndmig in Junè 2046. Public bar}ft The Twslee$ havè given due rtyarrj io public rtt when planryry Ihe iariVs a(aNTlies. in accordanco wth the Charity C¢mmis$itin'$ Guidanc¢ Publ¢ Benefjl. Actiwti8s The Trustees. Repcwt sels ow aLINities, achrfefflents and perfCffc4 durhg thg yoar. vthich we diredly related to the objects and purposes for vthlch the charity exists. Tho charlty achieves ts prirK¥)al objects and purpues through maintaining the Pier in order that it may be OP as often as possible durlng daylight hou lor members of th8 PUtAic to visit. lor anglws. for divirg ent8rw"s8s duding train, for plègsurè and lèisure 8¢twtbes Ihrough boating and other wat8rsports. This indudos a wsonal fwy soNi¢e kn 8oumtrmouth and Poole. These benefits are dI¢Y rn1gd to Ihe aim$ of t1 dwrity aNI •9 luty cornplrwt wlh ts Charsty Commission Principles publ Bgnefft. The Charity had use of the pier under a lease wted by The Swanage Pier Cirfnwy. in whlth lh$ Charity has a controlling Inte1. This was reFdaced on 30 April 2CK11 by a three-year kne of the pier undèr thè 1W Hart)ours Acl. This was subsequty feFAaced by a 21.year lease, wrth a lurih•r 21.year leasè now In pla to 2046. Th? pier is recorded in the 8alanrn Sheet ot hi5torK cost le55 awJffwlated depreciatJn. The Directors have not revalued the pier as the Company is prohibited disposry of it under an Acl of Parfiam8nt. Routine mainlenance expenditure is vffitten off as wKurr&d. whle sJnifKanl restoration costs aro ¢apitali$gd 35 pier improvement5 and deprecAaled over the term of the lease. Achl•v•m•nts and rtOrnnc• Significant actNitS and acthev&ments against A programme of Pier education. e¥ents thgitd mwkelirwJ 15 (rfwAng WKI has prov•J to extrom•ly popular for visitorn and redents ike. Durfng the accounr year the con1( was taken over by oparath. f¢ o)ntinues lo pw1M wel. Follomng tho radio ststion's ¢b$ur8. the trust rek)¢atsd its office to ts former studio, releasing the original spa¢0 for sublètbro. A grant-fundtd part-timè Assistant PmiAst•r rKJSt wilh a lo¢u$ on nntsl health and wellbeing, was troduced as a pilot projed supporting vc4unleer5 daAy opera118. Tho evonts Fffogramm8 continues to grow. enhancing public wgagement and conlritrwting to fwthai5iro effcrts. No major repays or piling wefe s(ed during this yw htr. tha u$u¥ prcgrarrwn? of genoral mainienance and repairs was maintained. wth a iotal cost of £52.0. In &SJlth)n. r8palrs werg canied 41 on QT ofthe piles of th6 pier and to ihe ¢cte section wi the watersports . A finane• sub.9roup. th• Extcutivo Ctynmi¢tae. met re¥Y Ilwoufvl the year, oveTseeing expendiiure and looking al ways of maxvni5ing NKcrfne.
THE SWANAGE PIER TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Fln•n¢l•l Res&rves pICY The Trustee5 carried a rovitr• of tr ¢Ws aLthlts and cA)nSM Ihat an unr8strict•J luNJ balanco of £150.(M)O is requred to enable the Trust lo be thlè to m•nlain th• Plw as [ired by Ihe leaso. Al the year ond freo unroslrfcted fuThJs of £172.321 12024: £153.5131 wero hdd. Plan for lutur• porlo Ongoing Pier malntgnance restakn remains a fr)r Ihe dwity. In prnp¥alti)n knr th• n•xt Tour cl major works, 3 full 5 year suw Is du to bo canknd out in 2025 and a fundraising strategy IB beiw¥J d?10p8d vknkh V•il incJde • range ol aww¢ness, m•8ting incJTh g•wab"r4J xknvitm to trA)st the reserve. R8StcKation plans arn plac lor approach to Vthian Pv after its 5b year. thg museum InlerFf8tation spaea and Pior loaming matorias b8 r8vi8w8d lo ensure meet the nBed oryage wAth v1$rt$. The Swanage Pier Twust * a rth3iSt8rèd charty {r. 2m7) YlIF#>falod under the C¢yanies Act 2006 {no. 018483571 and its winopal address and wislered offi¢0 is at Mllas in Swanage. The charity governed by its Memorandum and AldeS of Assc•iatKJn inco816d 14th S¥ptw)tsr 1984 as amended by specsal rgsolution$ dated > Fgbruary 1994. 17th Februwy 1995 &KI 18th 1996 8$ aMdad 21 Jun• 2001 and new Arlicl&s ofAssooalknn athspt8d 23rf Marth 2018 as amended by r•soluknon V Novéffthr 2021. The tNstees. who are al80 tho fty lh¢ of law. durwwJ the year and to tha dats of signatwe of tth8 fwwlaal statements V4We: MrWJ Law MsRLMack MS A J Pettitt Mr H S Pottor MrG M Sutllo MSA Twner MS S Aflam8 Mr K C(K)mbs Ms C Fln¢h IA4yod 7 Jurn 2tr24) (AFvoinled 7 Marth 2025) Ihwointed 7 March 2tr25) Trusts08 ¥0 nominatad by thr r£prtO OrglSationS WKwJing the cnty Cour1$, groups wllh partiojlar marino intsre81 arMJ the Fnwlds of Sww Pw. 0ry8nisalKnal slnKtw8 Th8 Tnjstees meet regully to 0¥or ¢ho akns ot1aeb$. TN5t gmFloys a Chlef Exwjtive Officer. a part-m& FinancKal and Operaticffls Manager. a SeniDr Piwmaslgr a Vdunt8er and ActwitS8S R•l8lionslHP relatodpa The Fn8 of Swan8 Pier rrmbwshty subsuptr(Th donati conlinued to surwrt thB Pier. Th• m8mb8rship stheme has n¢yw fuly intégratèd Aitt) tho Tntyt Managernt
THE SWANAGE PIER TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trust8es' r•pcfft was approv8d by the PA)ard of Trustees. M$RLMack Tru$l•• 5 DeCT 2025
THE SWANAGE PIER TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SWANAGE PIER TRUST I report lo the trustees on my examinat of thè jaI stalements of The Swanage Pigr Trust Ilhe d)arity) for the year ende(131 March 2025. Responsibilllle¥ and basls of report As the liustees of the tharity (and its ¢Jredors wxp)ses of txthpany law). you are responsible for the preparation of the finwcial statements the rerymremerts of the compan A¢t 2C<6. Hawng satisfied mys811 Ihal the fmawal slalements of the cknwty are rnt requyed lo be audited under Part 16 of Ihe Companies Act 20C6 and are ible fof mdeperNlent examnalicffl. I teport in resped of my examination of the charity's financial slalements carrd oul Lmder Sect 145 oflhe CharitiesAct 2011. In CaTrg out my examina.On I have folowe¢l the Ow8dions by the Charity ComThi55 mdor 145(51(bl oflha Chaities Acl 2011. IDdepÈnd•nt •x•mlnerf¥ stat•mont Slice the chity's gross income exceeded £250.(XX). the Thjependenl exaThnèr must be a member of a body listed in Secti 145 of the Charities Act 2011. 1 conftm Ihal I qualrfd to uThlertake Ihe examinaliort beeajse l am a member ol the Inslilth8 of Chwtered in Ennd and Waès. which 15 of the listed tJodie& I have compknj my exanwnatKffl. I cthfimi thal no rnattets to my attention in connection witti the examinalion gNing me cause to believe that wh any material Sp.. accnuntin9 rerS were not kept in respecl of the Cha as required by section 386 the Companies Act the ffinanaal stslements do not accord vnlh those ledS.. the financial sl¢ments do not (¥Jmt with th• accountr"NJ reqUiremts ol se(Ik)n 396 of the COMPleS Act 2006 other Ihall any reqillrement Ihat the fincial slatements gi% a true and fair view, which bs not a matter consJered as part of a) )dependent ex3minth"on". or Ihe financial siatemenls havg nol been prep¥ed in accrd#t£ the melhcrtts and princ¥>le5 01 thg Slalement of Recommen¢Jed PracCe for arJJ)unting aKI reporting by charilbes appli¢aN8 to charib'e5 preparing their finanaal statements in a(nCe wlh the Fw)anoal Reporting Stsndard applicable in the UK and Republic of IrÈland IFRS 1021. I have no concms and have (yTh ro$S olher maltérs in connecion wilh the exarronat to which attenlJn should be dravm in this reF•Nt in order to w)atAe a WOper1WJln9 oflhe fA)3nci statemenls lo be reached. H•Thlson8 4 Brackley Close Bournernouth Inlemalh)nal AirF#Xt Chri$tthr¢h Dorset BH23 8SE 5 December 2025
THE SWANAGE PIER TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AIARCH 2025 Totsl Unr•strlcl•d R••trlctsd funds 2024 Totsl fvnds 2025 lunds 2025 2025 2024 2D24 Incom• and •ndowmonts frtyn: Donalitins and Charitabte activliies Oth8r tradiThJ actiyilie5 Investments Other incorne 37,388 310.6&3 83.817 22.722 44.8TI 310.633 83.817 22.722 32.730 313.783 78.428 8.801 2.914 20.000 52.730 313.783 78.428 8.801 2,914 Total Inc¢m• 454.560 7.489 462.049 436,656 20.000 456.656 Exp•ndttur• on.. Raisin9 funds Ch8rit8ble 8ctivltie$ Other expendituro 12.869 447.611 12,669 455,100 3.695 9.729 434.898 31 54.491 9.760 489.389 7.489 14 Total oxp•ndlture 463,975 471,464 444,627 54.522 499.149 •xpondllur• (9.415} {9,415) {7.9711 134.5221 {42.493) Transfers been funds 11.1761 1.176 N•t mov•m•nt In funds 11 19.415) 19,4151 {9.1471 {33.3461 (42.4931 R•¢on¢lll>tlon of funds: Fund balan$ at 1 April 2024 2.329.866 2.329.866 2.339.013 33.346 2.372.359 Fund balance at 31 March 2025 2.320.451 2.320.451 2.329.866 2,329.866 The slat8menl of finan(4al actFiitw Kludes al gains and h)sses rec(3nised in the year. AM ncome and xponditurg derive from contiwing act1w.
THE SWANAGE PIER TRUST BALANCE SHEET ASAT31 MARCH 2025 2024 TaNJlble assgts Investmgnts 1,6.984 1,775.994 17 1,690.985 1.775.995 Cuvv•nt 4s••1s stocks 18 7,ST7 9,057 35,094 550.803 Cash at bank and In hand 625.750 594.954 Credll¢n: ¥Anounts tsllln9 du• iyllhln on• y•w 131.169) (33.083) N•t cuTh•nl 631.466 561,871 T¢)tl •M•t• l•M ¢urr•nt lbIllI1•¥ 2,322,451 2.337.866 Crndltorn: amoynts f•lllng du• •ft•r morg than ono y•4r {2,IMX)I i&oooi N•t ass•ls 2.320.451 2.329.866 Tho fvnd$ ofth• ¢h¥lty Unrèslrictad funds 2.320.451 2.329,866 2.320.451 2.329.866 The company is èntitled to the exomption fr¢n Il thjdil i) soction 477 ofthe ComparMesAG 2trfJ6. forthe year eThJed 31 March 2025. Th• directors acknavAadg• r•stx)nsblib•s for with th• raw1rwf of tha Compani•s Act 2006 wllh rosp¢¢t 10 4¢¢0un1ing rwyds wep¥attsi offMwKig1 slatoffwts. The mgmb8rs havg Thjt rnquirod th8 CWY toobtaw) ol its fuwKaal ststgnwls for lh8 yw in quoslon In aClan wlth section 476. Thosè rmanc1 Statemènts hava been prped in ac£mJ•n wilh tho K¥ovisi(Th aKIKable to thnpani6¥ 8utii8ct lo the smal comwies regwne. Th• find81 Stat•mts warn aFyoY•d by ts tmst•ts on S D•fAm 202S MsRLMa¢k TruBt•• Comp8ny reglstratlon n)btr 018483¥1 (EYwJthl and W*)
THE SWANAGE PIER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2025 Accountlnq pollcles CPAvlty Inform The Swanage Pier Trust 15 a registered tharty. regtraI number 290397. ryanY number 1848357. regislered in the United Kingdom. The regter1 off1ce Is wlas, Hh StreeL Swanage. DLwsel, BH19 1.1 A¢¢ountlng eonv•ntlon Th8 finanual statemenls have been PTepare(l in aCC¢Xd ChS goveming d0Men1. the Companies Act 2006. FRS 102 Tr Finan Reporting Slandard wlicable in the UK and Republic ot Ireland" I"FRS 102.1 and the Charities SORP "Accountry and Reporting by Charities.. Statement ol Recommended Practice appliCae to chantW Pfepar4vJ th6.'r accounts accordance with ihe Financial Rwrtlng Standard applica• in th• UK and Reput ol Ireland {FRS 102r lelfectiv• 1 January 20191. T thty1$ a P11¢ B•n¢fil Entity ¥$ dfin by FRS 102. The charity has taken advanlage of tho SCMiP fcr cw"lies not lo prepare J Slatomenl of Cash Flows. The fmancAal statements are prepared sterfing. the fclA1 cuThency of the charity. Monetsry amounts in these financial statements We rounded to the n&vest £. The ffinanusl slatem•nts l>e•n pworgd )der tho histon¢al o)st wnv¥nb"crt. Thg priTrKipal accntIng policies adopted are set out below. 1.2 Golng eoneem At ¢he time of aFpro¥lr•J Ihe fin8no81 slatonwnts. I tru$l¢¢s h•vo ¥ ro•scwblè ttIon th81 the chty has adequate resources to cothue n operatal extStence for the foreseeabkn futuro. Thus the Irus1995 continue to adopt the going concern basis of a¢xounl'rKJ in prepaiin9 the financkil slalernenls. 1.3 Charltabl• funds lthresiri¢ted funds we av8ilAbl8 for us• at th• disLY•tion of tha Irust•ts In furth•r8nce of Ih•lr Ch8(rtl objediw. Reslricted fijnds 8rè to sp•afic conditions by dOINs Of uyantors as to how may b• used. Th• purF•s and uses olthe rnstridad funds ara set c¥rt li to ts financial statamants. Endowmant ftmds ar8 subiecl to specifK cOnthti by that ihe Caprt must b8 maintained by th8 charity. 1.4 Incom• l incoming fesources are induded the statemenls of fin•nTh81 #ctMiE5 Ibthen the charity is enlived to the Income the arnount be qUtle with reaSC8b1e ¢Ur8cy. Voluntary inccne and donations are racognised vthen receivable ty tharity. The inccrfne fiJrnFraising WenS is shov•f gross, with th8 associated costs includ8d lund-raisry costs. Pier renl and tthys we reCols•d in th8 period when th8 Servi 1$ provthd. Grants are r8cogThs8d vthen the charity has enlillenxnt to the funds any conditions linked to th8 Qfants have been mèt. Whwè unconditKJnal 8ntlllement has baon m8t but fLmds hava nol y8t baen receiv8d, the balance is re¢ogni$eil a$ acryugd in¢thN. WFrè pgrformanca ¢(dit)n$ are atta¢h9d to th¥ granl and e yel to be mst, Ihe inwn$ is rgniSed as a Wllity and IKded on Ihe balan¢¥ sheet as deferrgd incwne lo be reloased. Gtsvwnmont anIS rècaNatA• as eompensatlon for gxp&nse$ alffjady Incurrèd wim bè reciJni5od in Ihe proffit 8nd I samè rItid in fèlat8d èxp80 ts incurr•d.
THE SWANAGE PIER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENOED 31 MARCH 2025 Accountlng polld•s IConllnu•d) 1.$ Exp•ndlturn Ewthture is recognis&J once thwe is a c(sIno li90t1)n to trSler e¢ononlc bonofrt to thtrd paty. It is probable that a transffjr of gc4)nrt WIU bg rewwed In soluerrwl. and tho aMj1 of tha ob11gatk can bo ffasured r¢liAy. Entturn LA by actrty. Thè c4Jsts of mwje up of the tcrtal of (knct CAists and Shared costs. induding support o)sts 10rtakfflg each alty. Direct o)sts attribLbtsbl• to a sknglg activty ara allocat8d thr8cty to that vity. Sh¥ed Lxjsts contrut• to mor• than on• athty and $upport rnsts arg rn)t attributabl0 to a actmty ¥0 oPPOrtion8d thD5e Mti95 on a ba81S (x)nsi$lgnt tho uso of resourt¢s. staff costs •re allocated th? ba¥ of time spenL and dopreckgtion ¢haryès we alocated on the ofthe assefs 1.6 Tanglbl• Ilx•d Tangl& fixad assats ar• #illlalty mèasLnd at c£4t ahyj wbs¢(wty Yra8urnd 8t cost or valu8t#)n, nel of datron 8nd •rw lymt kA88& Dopr•L?ath1n L8 raeogni£•d $0 as to off thè rAlSt ty vdu•kn of 8s881$18ss theT r08wJual values over thelr usoful Iwas on tho lo&Mng bos08: Marim Vlllas Pier improvgments Fixtures and ffttir 25 year¥ strt I tho 1gffn of tr1oaso Thè or hJss arising on the disW Of asset is do1m as tha drft6ren between th& sal& pro¢Js and tha caffying valu• of th• asseL and is reled statem8nt ofanCIal ac•s. 1.7 Flx•d asut Inv•slm•nts Fixed asset i)vethents are inrtialy measw&J al price exduding transacthin costs. and ar $ubsequenily Thasur&J at fair vJe at reim dats. ch in fair vakn ara r8cognwd in ngt iTh))m8lleyThJiture) for the year. o)sls are eX[d as incurr&J. A s)SIdIary is rtY c(ffitrolled by Ihe ckn•iiy. Curtrol is Ihe to g)¥gm ts finandal awj opgrating poleS ofthe tity so as to oblan bleIS from Is arthitkns 1A Impalrnwnt of f•d ••••ts At eath reFKYting end dat8. th8 charity re¥ th8 (aryying of ils tangible assats to det6rmin• ether there k8 any that those assots suff8red an ifflpaimw loss. If any such indicalon exists, tha rocov8rablo aTr)unt of ts assgt is In (Ydgr k) dgtemiino lh• gxtsnt of th¥ irrpalm)enl ktss (rf any}. 1.9 Slo¢ks Stocks are stated at tho h)wer of cost and not rnaisaNo aft•r makkng 81hye0 ky obs(Aots slow mong stocks. Not raallsabl8 valu• Is th8 estknatthl seknJ wke $ all 8tslyna ¢osts of and Costs lo be kncurrad In markalng, $Ing #nd &Stn. 1.10 Ca•h •nd cuh •qulv•l•nts C8$h and cash ¢quNalents Ind cash held at call wth banks, other short-lerm liquhl iive$(ments WTlh or131n matunties of throe or Jess. and bank overdrafts. Bank overdrafts are $hown within boThowings in ojrrent liabilities.
THE SWANAGE PIER TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounllng pollcl {Contlnu•d} 1.11 Flnanclal Inslrwn•nts Finanryal liabllkn•s and equity instruments are dassifred afx¢yding to the substance of the contractual p4rangemenls entsr¢d bnto. An equity instrument 15 contr8¢t that èwdences a residual interest li the assets of Ihe enuty after dgdu¢b"ng all of its fThnaal liabdilie& 1.12 R•drom•nt b•n•fft paYnnts to dored CMtr1buti ratirnm9nt bengfft sdm are dwged as an expènsè as th•y fall d. 1.13 Con¢•sslonary loans Concessionary loans cludtt thosa ree•Nabl• thwd vthich are into$( free or below market int8rest rates and are made to advarw charilatlo purt)ses. Al h)ans are measured at ujst. lèss knpatment as pbmiitt•d by section 34 of FRS 102. Crldcal aUntIng •$tlmat•s andJudg¢rnnl• In the application of the ch8rity's ac(x)untig liG8s, Iho trustees are required lo mak& judgents, esbmatss and assumptions ab¢xrt Ihe eArrying #Mnt of assels bilieS Ihat are not readity apparent from other goure£s. The eslimates and as8OQOted asswwytwi$ are based cffl h1slcical expenence and olh8r factc thal c<x)sklèred to be relevant Actual results may from these estimates. The esbmaigs and assvmpliM$ fe mièw•d on an basis ftevic¥t3 lo estimates are recognisgd in the Fenod in whKh the èstimat• is r•vised whère tho revsKJn affects only Ihat period, or in the porth of th• rwtsts)n and fulur8 FWKJs vtherg ¢he affts bcth current and luture periods. kncom• from donatloTh• and lfjgxws Unr•strict•d Re¥trl¢t4d fund¥ funds 2025 2025 Total Unr•slrfct•d Rmtrlct lunds funds 2024 2024 Totsl 2025 2024 Donaiicffls and grfts Grants and subsidi•s Friend5 of Swanage er 21.410 21,410 16,949 16,949 20.000 15.781 20,000 15,978 15.978 15.781 37.388 44.877 32.730 20.000 52.730 Donatéd goods and Mrwk•s The charity beneffts from the Involvement of its mY vdunteers. detajls of vthich aro glven in the twstees repcl. In rance with thè Chaiit*s s4P IFRS 102). the e(Orn o)nthbution of volunteers is not measured in the accounts.
THE SWANAGE PIER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 UnY•strl¢l•d UnMtrl¢tsd nds lunds 2025 2024 Charftabl• •cllvltl Salo ofgoods Servicés wo¥ided der contra(a Sales of seTrice3 by benefiarleS Porformanca rnlatad grtS Ancillary trathng kncomo Other incom8 96296 12.800 40.489 23.819 454 107.343 99,397 12,862 36.327 21.867 330 103.818 M•rchandlslng Charilable rental ino)me 39.182 310.633 313.783 Incom• from othw tradlng xll¥ltl•• fund6 2024 2025 Fundra1n9 events 83,817 78.428 UnMlJkt¢d Unr••trlcl•d funds funds 2D25 2024 Intere81 re¢efv8e 22,722 8.801 Ihr•strl¢t•d Unr•strl¢t•d funds nds 2025 2024 Radlo IrKc¥ne 2.914 10-
THE SWANAGE PIER TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUEO) FOR TrIE YEAR ENDED 31 MARCH 2025 Exp•ndlture on ral$lng funds Total Unr•strlcl•d R••trlct•d fvnds fund# 2024 2024 Total funds 2025 2025 2024 Event s)xts Plaqve5 9.736 2.933 9.736 2.933 7.OS6 2.673 31 7,087 2.673 12.669 12,669 9,729 31 9.760 Exp•ndltw• on ¢harftabl• a¢tlvltl•s Charitabl• Mer¢h•ndlsl acti¥iti•J 2025 Totsl Charftable Mor¢handlslng actlvltl•s 2024 Tol41 2024 2024 Olr•ct costs Staff costs Establishnnl costs and repairs 157.978 157.978 180,155 180.155 1S0.e83 15.344 186.027 133.031 22.619 155.650 308.e61 15.344 324.005 313.186 22.619 335.805 Sharn of support and gOVernw ¢o•ts {•# not• 10) Support 124.493 124,493 Govomara 6.602 144,606 8.976 144,606 8,978 439.756 15.344 455.1LI) 486,770 22,619 489,389 An*lysl$ by lund Unrestricted funds Restricted fund5 432.267 15,344 447.811 412.279 $4.491 22.619 434,898 54,491 439.756 15.344 455.100 466.770 22,619 489,389 11
THE SWANAGE PIER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 10 PpOrt costs •llocal•d to aGllvlll 2025 2024 Deprecialion General tharity opera9 c05ts Logal prof8ssion81 8ank and uedlt card ¢h Accountsncy 87,223 37,808 13.081 6.494 8.976 6.987 6.742 6.602 131.095 153.584 Analys•d b•twwn: Charilable achties 131.095 153.584 11 N•t mov•m•nl In fund¥ 2024 Tho net movewt In fvnds 1$ stoj ali8r chgirWlcred1w1 statoments Dgpreriation 01¢xed ffix¢d •ssots Loss disFwI of tangl¢ Ilxad ass•ls 3.830 3.955 87.223 3,695 12 TN•t• None d the trustses (or any pwson$ Sxthèc ilh th) r•c4rAd any r•mnwation or roimbursement of expenses from the charity durYwJ the 13 Employ••• 2025 Numb•r 2024 Numb•r Employm•nt cos 2025 2024 Wages and salaries sori s¢¢urity tr)sls Olh•r pansion costs 148.362 9.281 335 169.OS1 10,310 794 157.978 180.155 Dumg tho ygar ther• were redwvJarKy paJThts of£nl (2024.. £2.3991. 12-
THE SWANAGE PIER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Employ••• (ContInU) R•mun•r•llon ol kéy manag•m•nt p•rsann Th9 remuneratKsn of key managemenl perSc was as folcrws". 202S 2024 Aparegate wnpensabon 52,083 49,977 14 Oth•r •xp•ndltw• Unrostrl¢tod LlnrMtrl¢tsd funds fund¥ 2025 2024 Net1058 disposal oltsrwJibl8 fad assets 3.695 15 Taxatlon The Charity is exwyt frc¥n taxat# on its activlties bocause al its applied for chatab PLWP)ses. 16 Tanglble flxed asmts Phr FIX1 and Total Cost At 1 Aprf 2024 871.958 1.39).350 29.436 2.291,742 7,090 {S.131) Dlsposals (5.131) Al 31 March 202S 866M25 1.39J.39) 36,526 2,293.701 D•pr•cl¥llon #nd lthwlm•nt Al 1 Apr412024 Dèpréciation charged in thg y8ar 8iminated in respect of di$r*)sal$ 213.075 34.878 11.436) 282.878 49.650 19.795 3.877 515,748 88.405 {1,4361 At 31 March 2025 246.517 3f2.528 23,672 602.717 Carrylng amount At 31 Klar¢h 2025 620.308 1.057.822 12.854 1,690.984 At 31 March 2(Y24 658.881 1.107.472 9.641 1.775.994 73-
THE SWANAGE PIER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Flx•d u••t Inv•th•nts Oth•r Cost w VI4)n At 1 Aprl 2W24 & 31 Marth 2025 Canylng amount Al 31 M¥d12025 At 31 March 2024 2025 2024 In¥e8trnents in 5LiJ5Ktharios Tho charitys inveslmont in its subsxjrary undwtak¥¥ represents Ihe ts)6t of the 8cquls6tion d dgb&nlure and pr9f9rgnco stock 85.1%% d share5 in Sww Pier C>anY, a CpanY re$ter4d in En¥and and Wal&s. 18 Stock* 2025 2024 Gocals for resth 7577 9.057 19 D•btovs 2025 2024 Amoun18 f•lllng du• wlthln on• yw. Trad• dobtors Oiher debtors PrePaentS and acaued inccth• 7.708 5.830 3.252 26.012 14.711 35.094 20 L04n• and ov•rqtr4fts 2025 2024 k loans 8.1)00 14.OiKI Payable wHhSn year Payable after one year 6.orKI 8,000 14-
THE SWANAGE PIER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Cr•dltors: amounts falllDq due TAthlffi on• y•ar 2025 2024 Bank loan5 Othèr taxatKJn and soaal securfty Trade creditors Olher credth AccnJ81s and defefrgd 6.ryjo 2,280 4.1)03 4.703 5.000 15.466 15.800 31,169 33.083 22 Cr•dltors'. amounts falllng due after than on• year 2025 2Q24 Not•s Bank loans 8.000 23 Rètlr•mènt b•fit sch•m 2025 2024 D•fin•d contrlbutlon schem•$ Char98 to proffit or loss in re¥od of defm&J contri scMs 335 794 Th• charity op8rat8s a defined con1r perts stheme lty all Qualifying ¥ryloy•e$. The assets of the scheme avg hgld separ8t•ly from those of ihe chty in an l¥lntlY adrwistered fd. 24 R•strlct•d fund• The reslricted lunds of thè tharity caMpr1 tha unexpgThJod balances of thjnations and grants hekl CA) trust subject to specific condif5 by dowvs as 19 how tw may b9 us8d. At 1 Aprfl omlpg Tran8l•rs Al 31 March 2024 r•%wrces •xpwd•d 2025 Mental Wollbomw Sw 17,489) Prevlous w. At 1 Aprll Incoming Resowcos Tran$feYs At 31 March 2024 Radio Projeca {54.522) 1,176 Mental Wellb•NJ Selvs.. A r•strbCtad for the puw of ItcrId the mental health arwj wellbging of staff and vit3. 15.
THE SWANAGE PIER TRUST NOTES TO THE FINANCIAL STATEMENTS {CONnNUED) FOR THE YEAR ENDED 31 MARCH 2025 25 UnY•trl¢l•d funds not subj'ect to Spear condibons by donoT5 and gttr5 89 to h¢YW thèy may be vd. Thaso indudè oslgnatad funds whlch have been set asmle out of uMestricd funds by the tnJstees for specific purw8•8. At 1 Awll Ineomlng R•sourcM Tr•n•hrn At 31 March 2024 rn•ourr •xp•nd•d 2025 Pler WryJro¥ernlS and Marine as 1.766.353 {88.2231 1.678.130 440.0 30.WO 172,321 Ma1 r9n¢kn fur¥J Maintenance fund General .fy)o 21.990 (111.99)) 60.000 153,513 {51. 1323.762) 454.$60 2.3296 454. {463,975) 2.320.4S1 Prnvlou• y•ar. At1 Awll Incornlrvj R•S0ur Trnthrn At 31 March 2023 rn•ouffM •xp•nd•d 2024 Pler iMFffonts and Marw Villas Major renovatw fiJnd Mainlenanco fund G8n8ra fu 1.850,881 250.0 75.L 163,132 {84.528) 1.768.353 350.000 60,000 153,513 100.0 115.orJ)I 188,1761 436,656 (360.099) 2.339.013 {444.827) 11,1761 2.329,866 Thg Mapy rgnovauon ftmd rdates to that have awayfor the nèxt sel crf malty rwh)vatlon8. The Maintan¢• fund relat0$ to varfous tvks requw•J ropaKs to mwino vilas. Tooffing works, i(Mlel blts worts and plo $106¥88. Unda¥nod debenluro interost (due to hohjws (wtside Sww Piw Group) has bggn amgd In lh nancral stalemants of tho Swanage Pier Ccfflparry lo lh8 swn 01 £19,67212024: £19,569). In nI of dawns for inlorgsl these may tIrna{Y t* b)me by the sWana Pièr TntsL 16.
THE SWANAGE PIER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 27 Op•ratlng l•ase conwnStm•nts Lo$8 Ai th• report9 end date the ¢harity had OUtstandg ccrfnts for futur8 mlnimum lèase payments under non.cancellatrAe operating leases. whth fau due as folows: 2025 2024 Wilhin one year Ben and ffi¥e years 495 3,696 1.540 495 S,236 28 Rd#1 pty transacllons Th8 FridS of Swanage Pw raise funds tr members wwj porftsm lundralsing actMti8s. Thoir r•ssJlts figwes are incorw)raled Into those financ4al staiemenls. During Ihe year donations of £2fXI (2024.. £nill W¢Ngd frcn tntstoes. 29 Subsldlarl•s Dgtsils of lh• Charitys %sjiaries at 31 2025 as folows.. Swanage Piw Cfyroany VAS lom)ed in 1859 the of{¥atrO pièr and fcrf cL418cting tolls. elc. due for the use of Ihe pigr. As a result of accru1r fi debentwe st(k interest and d8weciation Swana99 Pier Coryany generated a deficit for the year endod 31 2025 of £58812024". £588}. The Crywy olherwise dKJ not trade durkng the year. Al 31 Mar¢h 2025 th8 awegate the Iw thè a(Xatsd defiot of Swanage Pier C¢ynpany culminatgd in an overall deficit of £26,312 (2024.. £25.724). Th• defiat mainly results from acc8 debenture stock Inte$1 amounung to £19.67212024.. t19.5691 of whith £15,650 was accru8d for 25 ygars from 1st April 1961 10 31 K48r¢h 1986. Interest wil ¢Ctinue lo be accrued unlil il has begn ostablishgd beyond reasonable ¢knJbt that ts d•bÈntur• stcKk Mlternsl T•A Th)t demaThled by thyd pwb'es (thbs Ctynpany having waived its entitlemenll. Coryany's inveslrnent in Swanage Plor Cthiyny is as fikn:. 884 Shares of £10 each S% Preferencg Sk 4% Debonture St¢) 1859 4.5% Debenture St(¢k 1948 8.840 85.0% 6.359 93.4% 5.297 gg.9% 6.900 75.ly The tharity waiv&J its entittenwi to rac•lv• int•r8st on th8 d8b8ntw•s of S74age Pier Company. 17-