CHARITY REGISTRATION NUMBER: 701662 Thirsk and Sowerby Swimming Baths Charity Financial Statements 31 March 2024 CHIPCHASE MANNERS Chartered Accountants& statulory auditors 384 Linthorpe Road Middlesbrough TS5 6HA
Thirsk and Sowerby Swimming Baths Charity Financial Statements Year ended 31 March 2024 Page Trustees, annual report Independent auditor's report to the members Statement of linancial activities 11 Statement of financial position 12 Notes to the financial statements 13 The followlng pages do not form part of Ihe financlal statements Detailed statement ot financial activities 21 Notes to the detailed statement of financial activities 23
Thirsk and Sowerby Swimming Baths Charity Trustees, Annual Report (contlnued) Year ended 31 March 2024 The trustees present their report and the financial statements of the charity for Ihe year ended 31 March 2024. Reference and admlnlstralive delalls Registered charfty name Thirsk and SoWeY Swimming Baths Charty Chayiiy registratlon number 701662 Principal office Civic Centre Stone Cross Northallerton North Yorkshire DL6 2UU Trustees Represenling North Yorkshire Councll: Cllr G W Dadd Cllr D Sladden Representlng North Yorkshire Education Authority: Vacancy Representing Thirsk While Horse Swim Team. Mrs L Summers Representing Thlrsk Town Councll: Cllr D Jackson Representlng Sowerby Parlsh Council: Cllr M S Robson {Chairmanl Cllr G France (resigned 23101120241 Representlng Thlrsk & Sowerby Flalts Proservalion Trust: Representative by invitation only - Mr G Ellis Auditor Chipchase Manners Chartered Accountants & statutory auditor 384 Linthorpe Road Middlesbrough TS5 6HA Bankers Lloyds TSB Bank PIC 118 High Street Northallerton North Yorkshire DL7 2UU
Thirsk and Sowerby Swimming Balhs Charity Trustees, Annual Report IGontlnued} Year ended 31 March 2024 Struoture. goveynance and management The charity's objects and regulations are regulated by a scheme dated 10 May 1988 and under that scheme, it is constituted as an unincorporated association. The Charity is managed by a Commirtee of trustees appointed in accordance with Sections 7 & 8 01 the Charity Commission Scheme dated 10 May 1988. The trustees meet yearly to consider major decisions affecting th8 Charity with day-to-day decisions being delegatéd to the principal officers appointed ffom North Yorkshire Council. Councillor Mr M Robson (Chairman) replad Councillor Mr G France on 23 Janvary 2024 as the Representative lor Sowerby Parish Council. Prior to Hambleton Distriot Coun¢il being disbandèd on the 31 March 2023, the Charity had appointed Mr J Ives the Director of Finance Is 151 Officer) lo act as Treasurer with overall resFK)nsibility lor the financial management of the CharFty. Mr J Ives ceased his post on the 31 March 2023. The Direclor of Finance Is 151 Officer) for the new North Yorkshire Council Unitary Authority on 1 April 2023 is Mr G Fielding. Responsibility for the day-lo-day operation ol the facility has been delegated by the Truslees to North Yorkshire Council's - Sport and Aclive Wellbeing Service. Mi G Fielding is not a trustee of tr7e charity. Objectives and activities The object ol the charity is to provide swimming and other sporting facilities to the public. To meet this objective the charity accepted th8 bid by Hambl8ton District Council to manage the facilities under a four-year contract commencing 1 April 1996. Since the expiry of this contract a decision is taken annually on the managemenl arrangements for the facility. In view ol the satisfactory performan by Hanibleton District Council it was decided al a meeting of Ihe Managemenl Committee on 23 March 202110 extend the managemènt arrangements for an addrtional 1 Q years following the significant investment made by Hambleton District Council which will provide cèrtainty of arrangements to buth parties. The trustees confirm that they have complied with their duly to have due regard to the guidance contained in the charity cominission's general guidance on public benefit when reviewing the charsty's aims and objectives and in planning future activities. Since the transition of the ex-Hamblelon District Council on 1 April 2023 into Ihe new North Yorkshire Council Unitary Authority the same managemenl arrangements will still be in place with th9 continuing authorily.
Thirsk and Sowerby Swimming Baths Charity Trustees, Annual Report (oontlnued) Year ended 31 March 2024 Achievements and performance Comparative information is shown below.. _ 2020121 2021122 2022123 2023124 Public Swimming 10.649 14,241 33,762 34,857 Schools and Clubs Swims linc parties and galas) 1,640 4,800 19.519 19,519 Swim Lossons (in pre-school) 3,268 11,145 33.057 33,933 Zest 9,255 26,033 49,825 60,341 Miscellaneous 704 55 TOTAL 25,516 56,274 136,166 148.650 NB.. COVID-19: 1 st Lockdown 1813120 to July 2020, 2nd Lockdown November 2020, 3rd lockdown 311121 then Lhe project refurbishment began 112121. During this time sessions were restricted. From 2022 onwards following Covid-19 and Ihe refurbishment usage has settled down at a high level and is still growing in the area of Health & Fitness (Zest). The annual customer user suNey120241 results are highltghted below: Area of servlce Position % Good or Satlsfied 2024 Cleanlin@ss 91Vo Customer Service Maintenance 94Y. Memberships 96°/
Thlrsk and Sowerby Swimming Baths Charity Trustees, Annual Report (contInv) Year ended 31 March 2024 Pricing 89Y• Programming 84°/. Satisfaction rates arè highest in memberships, maintenance and customer seNice which reflects the high number of members retained at the leisure centre since the relurbishment in 2021. The lowest scoring area was programming (sessioll availability and range of classes), this was lo be expected as there is still a nationwide shorlage on slaffing in certan disciplines across the industry following Covid- 19. Financial review The Charity's income trom the promsion of swimming and other facilities was £999.160 (2023.. £784,431). The Chariiy received a grant from North Yorkshire Council of £211,447 {2023'. £89,842) which gave the Charity a tDtal income of £1,210,65812023'. £874,303) which then matched expenditure in the year to leave the Gharity at a break-even position at 31 March 2024, with the exception of £51 {2022.' £30) bank Interest received. Plans for luture periods The Charity will, in accordance with its objects, continue to provide swimming and other sporting faciliti&s to the public. Twstees. responsibilitles statemenl The trustees are responsible tor preparing Ihe trustees, report and the financial statements in accordance with applicable law and United Kingdom AccoLtnting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicabl6 lo Gharities in England and Wales requires the charity trustees to piepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application ot resources, of the charity for Ihat pefiod. In preparing these financial stalements, the trustees ar8 required to.. seletti suitsble accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continLte in business.
Thirsk and Sowerby Swlmmlng Baths Charity Trustees, Annual Report {¢oniinugdJ Year ended 31 March 2024 The trustees are responsible for keeping adequate accounting records that are suff i¢ient to show and explain the charily's Iransactions and disclose wilh reasonable aGcura¢y at any time the financial position of the charity and enable them to ensure that the financiai stalements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irr8gularitles. The trustees, a trustees ual report was approved on 22 January 2025 and signed on behalf ol the board ot W& Cllr M S Robson (Chairman) Trustee
Thirsk and Sowerby Swimming Baths Charity Independent Audltor's Reporl to the Members of Thirsk and Sowerby Swlmming Baths Charity Year ended 31 March 2024 Opinion We have audited the financial statements of Thirsk and Sowerby Swimming Baths Charity (the 'charity'l for the year ended 31 March 2024 which comprise the statemeni of financial activities, statement ol financial position and the Telated notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure. for the ygar th8n ended-, have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordance wilh the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS (UK}l and applicable law. Our responsibilities under those standards are furth8r described in the auditor's responsibilities for the audit of the financial stalements section of our report. We are independent of the charity in accordance with ihe ethical requiremenls that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requiremenls. We believè that the audil evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going ¢on¢ern In auditing Ihe financial slalerrients, we have concluded that the trustees, use of the going concem basis of actounling in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or colle¢tively, may cast significant doubt on the chaTlty's ability to continue as a going concern for a period of at least twelve months from when the financial statemenls are authorised for issue. Our responsibilities and the responsibililies of the trustees wlth respect to going ¢oncern are described in the relevant sections of this report.
Thirsk and Sowerby Swimming Baths Charity Independent Auditor's Report lo the Members of Thirsk and Sowerby Swimming Baths Charity (eonilnued) Year ended 31 March 2024 Other information The other infoimation comprises the information in¢luded in the annual report, other than the financial statements and our audilor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, 8xcept lo the extent othe1$& explicilly stated in our report, we do not express any lorm of assurance conclusion thereon. In connection with our audit of th8 financial statements, our responsibility is to read Ihe other information and. in doing so, consider whether the other information is maierially inconsistent with the financial statements or our knowledge obtained in the audit or othemise appears to be materially rni$5tat8d. If we identify SUGh material inconsistencies or apparent malerial misstalements, we are required to determine whether there is a material misslatefnent in the financial statrements or a material rnisstatement of the other information. If. based on the work we have perfOred, we conclude thal there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Malters on which we are requlred lo repott by exception In the light ol the knowledge and understanding of the Gharily and ils environfflent obtained in the course of the audit. we have not identified material misstatements in the trustees, report. We have nothing to report in respect ot the lollowing matters in relation lo which the Charilies Act 2011 requires us to report to you if, in our opinion-. the information given in the trustees, report is inconsistent in any material respect with the financial statements". or adequate accounting records have not been kept., or the financial staternents are not in agreement with the accounting records and returns-, or we have not received all the informalion and explanations we require for our audtt. Responsibtlities ol trustees As explained more fully in the trustees, responsibilities statement, the trusleès ar8 responsible lor the preparation ol the financial slatemep.ts and lor being gatislied that they give a Irue and fair view, and for such internal conlrol as the trustees determine is necessary to enable the preparation 0% financial statements that are free from material misstatement. whether due to Iraud or error. In preparing th8 financial statements, the trustees are responsible for assessing thè charity's abilily to continue as a going concern, disclosing, as applicab18, maiters related to going concern and using the going concern basis of accoLJnting unless the trustees either intend to liquidate the ¢har¥ty or to cease operations. or have no realistic alternative but to do $0.
Thirsk and Sowerby Swimming Baths Charity Independent Auditor's Report to the Members of Thirsk and Sowerby Swimming Baths Charity (coniinued) Year ended 31 March 2024 Auditor's responsibilities for the audlt of the financlal slatements Our objectives are to obtain réasonable assurance about whether the financial statements as a whole are free from maierial misstatement, whpther due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee Ihal an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered rnalerial if, individually or in the aggregate, they could reasonably be expected lo intluence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances DI non-compliance wlth laws and regulations. We design procedures in line with our responsibilitlgs, Outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. The objectives of our audit are to identify and assess the risk of malerial misstatement of the financial slatements due to fraud or error.11 is also our objective to oblain sufficient appropriate audit evidence regarding the risks we have assessed and respond as appropriate to them. Even though an audit is planned and performed in accordance with the ISAS IUKI, an audit has an unavoidable risk that material misstatemeiits in the financial statements may not b6 detected. In idenlifying and assessing the risk of material misstatement in respect of irregularities, including fraud. our audit procedures included the following= We oblained an understanding of the legal and regulalory frameworks applicable to the charity and the environment in which they operate. We obtained an understanding of how the charity ensures their Complian with the applicable legal and regulatory frawneworks through inquiries to the management and those charged with ensuring such compliance within the charity. We corroborated our inquiries through a review of transactions within the financial statements that wer& linked to compliance with laws and regulab'ons. We also ieviewed any available board minutes. We assessed the susceptibility of the chartty's financial statements to materlal misstatement wilh regards to how traud might o¢cur. Audit procedures performed by the team included: Identrfying and assessing the effectiveness ol controls the management ol the charity has in place to detect and prevent possible fraud., Understanding how those involved with ensuring compliance considered and addressed the potential override of controls or undue influence over the financial reports", Challenging any major assumptions and judgemenls Ihat the management used in any signrficant accounting estimates-, Reviewing journal entries made with emphasis placed on those with unusual combinations and those around the accounting year end.. and Assesslng the extent uf compliance with applicable laws and regulations.
Thirsk and Sowerby Swimming Baths Charity Independent Auditor's Report to the Members of Thlrsk and Sowerby Swimming Baths Charity (coniints8d) Year ended 31 March 2024 As part of an audit in accordance with ISAS IUKI, we exercise prol8ssional judgment and maintain professional scepticism throughout the audit. We also.. Idenlily and assess the risks of material misstatement of the financial statements. whether due to fraud or error. design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstalemenl resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresenlalions, or the override of internal conlrol. Obtain an understanding of inernal control relevant to the audit in order to d8sign audit procedur8S that are appropriate in the circumstances, bul not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the apprapriatenèss of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on Ihe appropyiateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, wh8tlier a material uncertainty exists related to events or conditions that may cast significant doub on the charily's ability lo continue as a going concern. If w6 conclude that a material uncertainty exists, we are required to draw attenlion in our auditor's report to the related disclosures in the financial slatemenls or, if such disclosures are inadequate, to modrfy our opinion. Our conclusions are based on the audit evidence obtained up lo ihe date of our auditor's report. However, luture evenls or condilions may cause the charity to cease to continue as a going concern. Evaluate the overall presenlation, structure and content of the financial statsrnents, including the disclosures, and whether the finan¢ial statements represent the underlying transa¢tions and evenls in a manner that achieves fair presentation.
Thirsk and Sowerby Swimming Baths Charity Independent Audltor's Report to the Members of Thlrsk and Sowerby Swimming Baths Charity (¢ontinugd) Year ended 31 March 2024 W8 communicate with those charged with governance regarding, among other matters, the planned scope and tlming of the audit and signrficant audit findings. including any significant deficiencies In internal control Ihat we identify during our audit. Use of our report This report Is made solely to the charity's members, as a body, in accordance with section 144 of the Charitiès Act 2011 and regulations made under section 154 of that Act. Our audit work has been ur7dertaken so Ihat W8 might slate to the charity's members Ihose mallers we are required to state to them in an audFtor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone olher than the chariiy and the charity's members as a body, for our audit work. for this report, or for the opinions we havè formed. Christopher Gorman FCA FCCA (Senior StalLrtory Auditor) For and on behalf of Chipchase Manners Chartered Accountants & statutory auditor 384 Linthorpe Road Middlesbrough TS5 8HA 22 January 2025 10
Thirsk and Sowerby Swimming Baths Charity Statement of Financial Activitles Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Grant income Charitable activit18S Investment income 211,447 999,160 51 211,447 999,160 51 89,842 784,431 30 Total income 1,210,658 1,210,658 874.303 Expenditure Expenditure on charitable activities Total expendlture 7,8 (1 ,210,6071 (1 ,210,6071 (1,210,60n 1874,273) 11,210,607) {874,273) Net income 51 51 30 Other recognised gains and losses Revalualion of tangible fixed assets Nel movemenl in funds 240,490 51 51 240,520 Reconciliation of funds Total funds brought foNard Tolal tunds ¢arried fOard 218 4.782,490 4.782,708 4,542,188 4,782,708 269 4.782,490 4.782,759 The statement of linancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on page$ 13 to 19 form part of these finan¢ial slatement$. 11
Thlrsk and Sowerby Swimming Baths Charity Statement of Financial Position 31 March 2024 2024 2023 Nole Fixed assels Tangible fixed assels 13 4,782.490 4,782,490 Current assels Debtors Cash at bank and in hand 14 63,141 269 22,484 218 63,410 22,702 Credltors: amounts falllng due withln one year Net current assets 15 163,141) 269 {22,4841 218 Total assets less Current liabilitles 4.782,759 4,782,708 Funds ol the charity Restricted funds Unrestricted funds 4,782,490 269 4,782,490 218 Total charlty lunds 16 4,782,759 4,782,708 These financta ements were approved by the board of trustees and authorised for issue on 22 Januar , and are signed on behalf of the board by: Cllr M S Robson (Chairman) Trustee The note$ on pages 13 to 19 forni part of these flnancial slatemenls. 12
Thirsk and Sowerby Swimmlng Baths Charity Notes to the Financial Statements Year ended 31 March 2024 General Inlormation The charity is a public benefit entity and a registered chaiity in England and Wales and is unincorporated. The address of the principal olfice is Civic Centre, Stone Cross, Northallerton, North Yorkshire, DL6 2UU. Stalement of compllance These linancial statements have beon prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Fteporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP {FRS 10211 and the Charities Acl 2011. Accountlng polSclès IrcoVerable VAT Irrecoverable VAT is shown as a separate cost on th8 financial statements. Basis of prepar8tion The financial slalements have been p¥epar8d on the hislortcal cost basis, as modrfied by the revaluation ot celtain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial slalements are prepared in slerling, which is the functional currency of the entity. Going concern The key risk to the charity is a change in the temis or substantial amendment lo the current conditions of the agreement for contracted services with North Yorkshire Council (formerly Hambleton District Council). The trustees have prepared the account on the going COnrn basis based on North Yorkshire Council Ifonrerly Hambleton District Council) continuing to provide services to the trust under the current contract for services. After making their enquiries, the trusiees have found no reasons to indicate Ihal North Yorkshire Council (formerly Hambleton District Council) will not continue under the current arrang8ment for the foreseeable future. Disclosure exemptions The enlity satisfies the criteria of being a qualrfying enttty as defined in FRS 102 Section 1 A. As such, advantage has been taken of ihe followir)g disclosure exemptions available: There is no cash flow statemont included. Judgements and key sources ol estlmation uncertainty The preparalion ol the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These eslimales and judgements are continually reviewed and are based on experience and other factors, Including expectations ol future events that are believed to be reasonable under thè circumstances. 13
Thirsk and Sowerby Swimming Baths Charity Notes to the Flnancial Statements {continuèd) Year ended 31 March 2024 A¢countlng policies (¢ontinu*d) In¢ome tax The charity is exempi frorn corporation tax on its chariiable activities. Fund 8ccountlng Unrestricted funds are available tor use at the discretion of the truslees to further any of the charity's purposes. Reslriclad funds are subjected lo restrictions on their expenditure declared by the donor. Incoming resources All income is included in the statement of ftnancial activities when entitlement has passed to the charity, it is probable that the ecollomic benefits associated with the transaction will flow to the charity and the amount can be reliabty ¥neasured. The following specific po5icies are applied to particular categories ot income.. income from donations or grants is recognised when there is evidence of entitlement to the gfft, receipt is probable and ils amounl can be measured reliably. income from activities and services provid8d is recognised when the activity or service takes ace. Resources expended Expenditure is recognised once there is a legal or construclive obligalion to make a payment to a third paty, and it is probable that settlement will be required and Ihe amount ot the obligation Can be measured reliably. On the financial statemenls expenditure on chaTltable acltvilies includes all costs incurred by a charity in undertaking activities that fL5rther its charitable aims lor the benefit of its beneficiaries, including those support costs and cosls relating to the governance of the charity apportioiied to charitable activities. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at Gost less any accum(Jlated depreciation and impairment losses. Any tangible assets Garried at revalued amounts are recorded at the fair value at the date ol revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount ol an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expendilure within the statement of financial activities. A decrease in the carrying afflount of an asset as a result of revaluation, is rècognised in other recognised gains and losses, except to which it offsels any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statemenl of financial activities. 14
Thirsk and Sowerby Swimming Baths Charity Notes lo the Financial Statements (conllnu*d) Year ended 31 March 2024 Accounting polict8S (eontlntsgd) Impaiment of flxed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being gstimaled where suGh indicators exist, Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting dale. For the purposes of Impairment testing, when it is not possible to estimate the rgcoverable amount of an individual asset, an estimate is made of the recoverable amount ol the cash-generaling unit to which the assel belongs. The cash-generating unit is the sma518st identifiable group of assets that includes the asset and generates cash inflows that largely indep8nd8nt of the cash inflows from other assets or groups of ass8ts. For impairment testing ot goodwill, the goodwill acquired in a business combination is. from the acquisition date, allocated to each ol the cash-generating unils that are expeoted to benefFt from the synergies ol Ihe combination, irrespeotive of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when th& enlity becomes a party to the conlractual provisions ol Iho instrument. 8asic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the luture payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration 8xpe¢ted to be paid or received ancj not discounted. Debt instTumenls are subsequently measured at amortlS6d cost. Grant income Unrestricted Total Funds Unrestricted Tolal Funds Funds 2024 Funds 2023 Grants North Yorkshife Council grants (prior year HDC} 211,447 211,447 89,842 89,842 15
Thirsk and Sowerby Swimming Baths Charity Notes to the Financial Statements (contlnuÈd) Year ended 31 March 2024 Charitable actlvlties Unreslricled Total Funds Unrestrlcted Total Funds Funds 2024 Funds 2023 Vending, èquipment and badges sales Facilities charges Other income from charitable activities 12,069 978,559 8,532 12,069 978,559 8,532 14,732 757,122 12.577 14,732 757,122 12,577 999,160 999.160 784,431 784,431 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 51 51 30 30 Expenditure on ¢harltable a1VItieS by fund type Unrestricted Total Funds Unrevlricted Total Funds Funds 2024 Funds 2023 Contracted services Support costs 999,160 211,447 999,160 211,447 784,431 89,842 784,431 89,842 1,210,607 1,210,607 874.273 874,273 Expenditure on charitable activilies by activity iype Activities undertaken direcuy Support Total funds costs 2024 Total fund 2023 Contracted services Governance costs 999,160 999,160 211,447 784,431 89,842 211,447 999,160 211,447 1,210,607 874,273 Analysis of support costs The beklw shows a breakdown of the support and governance costs.. 2024 2023 Audit lees Accountancy lees Irrecoverable V AT 4,500 4,000 17,710 68,132 206,947 211,447 89,842 16
Thirsk and Sowerby Swimming Baths Charity Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 10. Audltors remuneration 2024 2023 Fe6s payable for the audlt ol thè flnancial statements 4,500 4,000 11. Stgfl costs The charity does not have any employees and therefore has no staff costs. All of the slaff involved in the operation of the swimming baths ar8 emplayed by North Yorkshire Council (Hambleton Distriet Council in the prior yèarl. 12. Trustee remuneration and èxpenses There was no trustee remun8ration in the year. No trustees received any expenses during the year12023.' nil). 13. Tanglble flxed assets Freehold property Freehold land Total Cost At 1 Aprfl 2023 and 31 March 2024 Deprecialion At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 4,504,490 278,000 4,782,490 4,504,490 278,000 4,782,490 Al 31 March 2023 4,504,490 278,000 4.782,490 Tangible fixed assets held at valuation On 12 April 2023 the above property was valued by an independent valuer Align Pfoperty Partners (Mr G Tyerman MRICSI. The overall valuation was £4,782,490 as seen above which can be categorised as the building element with a value 01 £4.504,490 (2023= £4,504,490}, and the site element wilh a value of £278,00012023-. £278,000). The trustees are of the opinion that the value of the property has not changed materially to the year ended 31 March 2024. The legal ownership of the land and buildings listed above is with North Yorkshire Council (prior year Hambleton District Council}. whom act as a custodian trustee of the unincorporated charity. Tha beneficial ownership of tho land and buildings is w(th Thirsk and Sowerby Flatts PreseTvation Trvsl. 17
Thirsk and Sowerby Swimmlng Baths Charlty Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 14. Debtors 2024 2023 Trade debtors 63.141 22,484 15. Creditors: amounts falllng duo wlthln one year 2024 2023 Trade creditors 63,141 22,484 18. Analysis of charitable lunds Unrestricted funds Gains and At losses 31 March 24 At 1 April 23 Income Expenditure General funds 218 1,210,658 11,210,607) 269 Gains and At losses 31 March 23 At 1 April 22 Income Expenditure General funds 188 874,303 1874,273) 218 UnrestrictÈd funds are expendable at the discrelion of the trustees to further the objectives of the charity. Restricted funds Gains and At losses 31 March 24 At 1 April 23 Income Expenditure Freehold Propety Fund 4,782.490 4,782,490 Gains and At losses 31 Mafch 23 At 1 April 22 Income Expenditure Freehold Property Fund 4,542,000 240,490 4,782,490 The Freehold Property Fund represents capital lunds whereby the assets, which in Ihis Gase consist of the swimming baths property. are required to be retained for actual use, rather than expended. 18
Thirsk and Sowerby Swimming Baths Charity Notes to the Financlal Statements (continue(l) Year ended 31 March 2024 17. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 4,782,490 4,782,490 207,726 1207,457) 4,782,759 207,726 {207,4571 269 4,782,49CI Unrestricted Funds Restrieled Total FLtnds Funds 2023 Tangible fixed assets Current assets Creditors less Ihan 1 year Net assets 4,782,490 4,782.490 22,702 (22,484} 4,782.708 22,702 122,4841 218 4,782,490 18. Financial instruments There were no non-basic financial instruments used in the year. 19. Related partles On l April 2023, a new unitary council was launched named North Yorkshire Council, which unrfied seven existing councils in the region. including Hambleton District Council, which previously dealt with the day-lo-day operations. Therefore, responsibility for the day-to-day operation of the Swimming Balhs now rests with Noilh Yorkshire CDuncil whom provide the necessary slaff and equipment. Duringthe year North Yorkshire Council received managementfees totalling £999,160 {Hambleton District Council in 2023: £784,431 }- During the year North Yorkshire Council made grants to the charity totalling £211,447 (Hambleton District Council in 2023: £89,842}, which were largely to cover irrecoverable VAT, the financial audit fee and a charge lo administer the management accounts. At the year-end the amount due both to and from North Yorkshire Council an70unled to £207.457 (Hamblelon District Council in 2023.. £22,484}. 19
Thirsk and Sowerby Swimming Baths Charity Management Information Year ended 31 March 2024 The followlng pages do not form part ol the financial statements.
Thirsk and Sowerby Swimming Baths Charity Detalled Slatement of Financlal Activilies Year ended 31 March 2024 2024 2023 Income and endowments Grant Income North Yorkshire Council grants (prior year HDC) 211,447 89,842 Charltable actlvities Vending, equipment and badgés sales Facilities charges Other income from Gharitable activities 12,069 978.559 8,532 999,160 14,732 757,122 12,577 784,431 Inveslment Incorne Bank inlerest receivable 51 30 Total income 1,210.658 874,303 Expenditure Expenditu on charltable activities Purchases Legal and professional fees Irrecoverable VAT (999,160) (784,431) (4.500) {21,710} 1206,947) <68,132} 11,210,607) (874,273} Total expenditure 11,210,60n 1874,2731 Net income 51 30 21
Thirsk and Sowerby Swimming Baths Charity Notes to the Detalled Statement of Financial Actlvities Year ended 31 March 2024 2024 2023 Expenditure on charltable actlvltles Contracted services Activities undertaken dAllY Contracted seNices {999.160) (784,4311 Governance cosls Audit fees A¢countaney fees Irrecoverable VAT {4,500} {4,0001 {17,710) 168,1321 {89,842) 1206,947) 1211,447) Expenditure on charltable aclivlties (1,210,60n 1874,2731