Charlty reglstratlon numb•r SCOO6741 IS¢otland Company reglstratlon number SC366047 IS¢otland NAIRN HYDROTHERAPY TRUST (A Company limited by guarantee) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 A9 Accountancy Limited Chartered Accounlanls Elm House Cradlehall Business Park Inverness IV2 5GH
NAIRN HYDROTHERAPY TRUST LEGALAND ADMINISTRATIVE INFORMATION Tru8ts8s Captsin A D M McGregor Mrs J M McGregor Mrs R PAlong0-McGreg)r Mr J P Eaton (Appointed 27 May 2025} (Appointed 27 May 2025) Secretary R & R Urquhart LLP Charlty number (Scotlandl SC005741 Company number SC368047 Reglstered office Mill of Cantray Cawdor Nairn Scotland IV12 5 Independent examin•r Hollie Mackay CA Independent Examiner A9 Accountsncy Limited Elm House Cradlehall Business Pa Inveme$$ United Kingdom IW2 5GH Banker8 The Royal Bank of Scollgnd 20 High Street Naim Moray United Kingdom IV12 4AX Solklto R & R Urquhart LLP 20 High Street Nairn Moray United lfjngdom IV12 4AX
NAIRN HYDROTHERAPY TRUST CONTENTS Page Trusteeg rewt Statement of Iruslees, resptsnsibililies lTrJependent examiners roport Statement of financtal athvtties Balance sheet Notes to the financi81 stslements 7-17
NAIRN HYDROTHERAPY TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THEYEAR ENDED 30 NOVEMBER 2025 The tNstee8 present thèir annual reFQrt and ffinaneAal statements for the year ended 30 November 2025. The financial statements have been prepared in aeeordance wtth the acGcwnting pollcies set out in note 1 lo the financial statements and comply ¥Mth the charitvs goveming docum8nt, the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 (as amendeél and 'Accounling and Reporting by Charitses: Statement of Recommended Practice applicable to charities preparing their accounts in accordance WI the Financial Reporting Standard appThcable in the UK and Republic of Ire18nd {FRS 1021" Igffgctive 1 January 2019}. Objectlves and actlvltles The charity's main objective is to provlde treatment by hydrotherapy and assodated therapeulic aGtivrties. and to provide and maintain the faulities required in furth¢ranee of Ils objectives. In October 2025 we started Classes for ASN children for 3 to 8 year olds. these have proved y powAar. Achievements and perfomiancg Signifan1 adNrfies and achievements against obiedivès Guided and encour8ged by Kayleigh. the tr40 new thildren's groups broughl a great increase in th8 use of the poDI, this invdtring the babi85 Wth Kayleigh and the young ¢hildren with ASN. This is in addition to the aqua natal and post natal sessions and the weekly arcuil training, all of which are proving to be very popular. This meant the pool was very busy, th extra staff hawng to be taken on. 18 immensely sattsfylng to see the pool In such high demand. In view of the reduction in finan¢lal 5UPPOrt from NHS, and the increase in electricity charges, tre Trustee8 reviewed the S19 of charges whith ha¢J to be implem8nled. Finanelal revlew The Statement of Financial Activities for the year is sel In the financial statements. A Summary of the ffinanclal results and the work of the charity is set out below. During the year, the company recaiveé income from drffent sources in support of ils activitiès. The result for the year was a surplus, of £41.060 reSUng in total ¢harrtable funds of £121,268. Reserves policy 11 is the policy of the charity th unresiricled fund$ 1¢h have not been desfjgnated for a specific use should be maintaingd at a level equivalent lo three month's expenditure which is around £45,000. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able lo continue the charity's cUrn1 activities while consideration is given to ways in which additional funds may be raised. This level of res8rves has been maintained throughout thg year. Risk man8g8meiit The trustees have assessed Ihe major risks to the charity is exposed and are 8atisfied that they systems are in place to mitig81e exposure to the major risks. Strudure. gov•man¢e and managoment The cheritsble company limited by guarantee was incorporated on 24 September 2009. having succeeded the charity Nairn Hydrotherapy Trust, established in 1984. The poliaes adcfsted in furtherance of th8 objects are as detailed in the Compans Memorandum and Artides ofASlaI0n.
NAIRN HYDROTHERAPY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025 The Iruglees, who are alx) the diredors the purpose of company law. and vtho seNed durfng the year and up to the date of signature of the financial statements were: Captsin A D M McGregor Mrs J M McGregor Mrs J M¢lnlosh Mrs R PAlonso-McGregor Mr J P Eaton (Reslgned 11 June 20251 (Appointed 27 May 20251 (Appointed 27 M8y 20251 Recrurfment 8nd appointment of tfUSte8S The trustees have the power to appoint and assume such olheT trustees as they feel neSs¥ry for the pufF*)ses of the administration of the Gompany. Ther8 is currently no formal induction policy, all new trustees are inducted by referen¢e to OSCR'S Good Govemance Guide fcr Charity Trustees and retsin copies of same. None of the trustees has any benefidal interest in ¢ompany. The trustees do not receive any remuneration for their serviees. The overall management and p)licy decision8 are the responsibility of trustees wbo are appointed under the temis of theArtides of Association. The trustees. report was approved by Ihe Board of Trustees. Captain A D M McGreg TNstsg Dale.. g0?k
NAIRN HYDROTHERAPY TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 NOVEMBER 2025 The trustees, who are also the ¢J1ctOrS of Naim Hydrotherapy Trust for the purpose of company law. are responsible for preparing the Trustees, Report and the financial 8tatemenls in accordance with applicable law and United 'ngdoM Accounting Standard5 Iunited lQngdom GenerallyAcceptsd Accounts'ng Practice). Company law requires the Iruslees lo prepare finanaal statements for eh financial y@ar whirh give 8 true and fair ew of the slate of affairs of the charty and of the Incoming resouTCQS and application of resources. including the income and expenditure, of the Gharrtable company for that year. In preparing these fin8ncial statements. the trustees are required to.. se18Ct suitable accounting policies and then apply them consi5tendy', observe the methods and principles in the Charities SORP.. - make judgements and estimate5 that s reasonable and prudent., stalg whether applicable UK Accounting Standards have been f1ed, subjed to any material d8partur8S dlsdosed and explained In the fina1¥1 ststemenls,. and prepare the financial ststemenls on the going concem basis unless it is inappropriate to presunx that the charity 11 Gontinue in operation. The trustees are responsible for keeping adequate accounting records that disclose wlh reas¢nable accuracy 81 any lime the finan01 position of the charity and enable them to ensure that the financial slat&ments comply with the Companies Act 2008, They are also responsible for safeguarding the asset$ of the charity and hence for taking reasonable step8 for the preventlon 8nd detection d fraud and other irr8gulants"¢$.
NAIRN HYDROTHERAPY TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NAIRN HYDROTHERAPY TRUST I report on the finanaal $latements of the tharty for the year erKl8d 30 November 2025. which are set out on paggs S lo 17. Respocti¥• responslbllltles of trustees and examlner The charity's trustees, who are also the directors of Naim Hydrotherapy Trust for the purposes of company law, are sponsible for th8 preparation of the financial statements in accordance with the tsTms of the CharTiÉes and Trustee Investments (Scotlandl Act 2005 and the Charities Accounts (Scollandl Regulation$ 20(. The trustees consider th81 the audit requirement of Regulation 1011llal lo Icl of the 2006 Accounts Regulations cbes not apply. It is my responsibility to examine the fir4neial statements as required un(ler section 4411}Ic) of the Act and to stste whether particular matters have come to my attention. Basls of independent gx•mlnerfs statement examination is carried out in xcordance wilh Regulation 11 of tt)e 2006 A¢¢ounts Regulations. An examination indudes a VIeW of the ¥nI1[vj records kept by the charity 8nd a comparison of the financial $latemenls presented th those records. It also indudes consid8ralb)n of any unusual items or disdosures in the financial statements. and seeks explanations from the trustees ¢onceming any such mattèrs. The prdureS undèrtaken do not provide all the evidence that would be required in an audit and consequenly I do not express an audrt opinion on the view given by the financial statements. Ind•ppndÈnt examlnerfs ststement In connection with my 8xamination, no matter has come to my attentlon.. {al which gives me reasonable cause lo believe that in any material respect the requirements.. {1} to keep accounting records in accc*dance with sectlon 44{11 {al of the 2005 Act 8ntJ Regulation 4 the 2006 Accounts Regulallons., and {iil to prepare financial slalemenls which aord with the accounting records and comply wlh Regulation 8 of the 2006 Accounts Regulations,. have not been mel or Ibl lo vknich, in my oplnion, attgnt40n should be dra¥vn in order to enable a proper understanding of ttre financial ststements lo be reached. Hollie Mackay CA Indopendent Examiner Ag Acc(yJntancy Limited Elm House Crddlehall Busine$$ Park Inveme&8 IV2 5GH Uniteil 'ngdoM Dated.. . .&.!
NAIRN HYDROTHERAPY TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2025 Untricted Restrkt fund8 funds 2025 2026 Total Totsl 2025 2024 lTrcome from". Donations and legacies Inve$lments 204,892 323 12.994 217,886 323 147.684 2,259 Totsl Incomg 205,215 12.994 218.209 149,943 Charitae acliwties 176,533 3,199 179,732 163.744 Net gains on invfrslmenls 2,583 2.583 3,220 Net Incomel{expendlturel and mov•mont In funds 31,265 9,795 41,060 (10,5811 Rgconclllatlon of funds: Fund b818nces at 1 December 2024 65,031 15,177 80,208 ,789 Fund balances at 30 November 2025 96,298 24,972 121,268 80,208 The ststement of finandal activities inGlude$ all gains and1055e5 r8cognised in the year. All incorne and expenditure dgrive from continuing atlivilies.
NAIRN HYDROTHERAPY TRUST BALANCE SHEET AS AT 30 NOVEMBER 2025 2025 2024 Notes Flxed assèts Tangible assets Investments 12 13 48.527 45.070 42,988 42.212 93,597 85,200 Currnnt a88ets Debtors Cash at bank and in hand 14 778 42.144 424 5,352 42.922 5,776 Creditor4: amounts falling due wlthln one year 16 115,251) {10,268) Net currnnt assetsl{liabllltlesl 27.671 14,4921 Totsl assets less currant liabllltle8 121.268 80,708 Credltors: amounts falllng due after moro than one year 17 (5001 N•t a55ets 121,268 80,208 The funds of the charlty Restricted income funds Unfestricted funds 19 20 24,972 96,296 15.177 65.031 121,268 8D.208 The company is entitled to the exemption frorn the audit requirgment contained in sgction 477 of the Companies Act 2006, for the year ended 30 November 2025. The diredors acknowl8dge their responsily'lib'es for eomplying with the requirements of Companfes Act 2006 with respect to accwnting records and the preparation of finanual statements. The members have not required the Company to obtain an audit of its financial statements for thg year in question in accordance with Section 476. The$e financial statements have been wepared in accordance wrth the prov18ions applicable to mpanI&S gjbject to the small cc%npanies regime. The finanryal statements wer& approved by the twstees on Captain A D M McGregor Trustee Company registration number SC366047 Iscouandl
NAIRN HYDROTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 NOVEMBER 2025 Accountlng pollcles Charity information Naim Hydrotherapy Trust is a private company limited by guarantee incorporated in Scotland. The registered office is Mill of Canlray, Cawdor, Naim, IV12 5XT, Seolland. 1.1 Aceountlng convenllon The financial statements have been prepared in accordanc8 Wfth the tharity's goveming document, the Charities and Twstee Investment Iscouand) Act 200S, the Charitie5 Accounts (Scollandl Regulations 2006 {8s amendedl. FRS 102 °The Flnancial Reporting Standard applicable in the UK and Reputlic of Ireland. l°FRS 102.1 and the Charities SORP "Accounting and Reporting by Charrties.. Statement ol Recommended Practice appliCae to chgrilies preparfng their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). (effective 1 January 2019). The charty is 8 Public Benefft Entity as defined by FRS 102. The charity has tsken thantage of the provisions in the SORP for charities not to prepare a Statent of Cash Flows. The finan&al slalemenls are prepared in sterfing, whith is the functional currerKy of the charity. Monetary amounts in these financl81 slatements are rounded lo the nearest £. Nairn Hydrotherapy Trust meets the definition of a public benefit enlity under FRS 102. Assets and liabilities e initially recognised at historical cost or transaction value unless otherwise stsled in the relevant counting policy notes. 1.2 Golng concern At the tsme of approving the financial statements, the trusl8es have a reasonabl8 expectation that the charity has adequate $OUrceS lo conts.nue in operats'onal existence for the foreseeable future. Thus th8 trlee5 continue lo •Jopt the going coneem basis of accoufiling in preparing the financial statements. 1.3 Charitable funds Unrestrictèd funds are available for use al the discretion of the trustees in furtherance of their Charitable o*'ectNe5. Restricted funds are those donated for use In a particukr area cr for $po¢rfi¢ purposes, the use of which is restrictèj to that area or wrpose. Endowment funds are subject to Specific condrticns by dorlS Ihal the capllal must be malnlained by the charity. 1.4 Income Income is fecognised when the charity is legally entitled lo11 after any performance conditions have been met, the amounts Can be measured rellably, it is probable that irthme VAII be received. Donations are recognised when the charity has been nolified in writbng of both the 8mounl and setuement date. In the event that a donation is subject to conditions that requi a level of performance by the charrty before the charty is enlilles to the funds. the income is deferred and not recognised until either those dillons are fully met, or the fulfilmenl of those conditions 1$ wholty within the control of thecharity and it is probable that these Conditio byill be fuKilled in the reporting period.
NAIRN HYDROTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 30 NOVEMBER 2025 Accountlng poll¢i•$ Icontlnuedl 1.6 Expenditure Expendrture is recognised once there is a legal C ¢on8tructive obligab'on to transfer economic beneflt lo a third paty. it is probable that a transfer of economic benefits wll be requlred In settlement, and the amount ol the obligation can be measured reliabty. All costs are allocated to the applicable expenditure heading that aggregate similar cost$ lo that clegcry. ere Costs cannot b8 directly attributed to particular headings they have been allocated on a basls consistent wrth the LTrse of resources, wlh central staff costs allocated on Ihe basis of time spent. depreaation charges alICed on the p)rtion of Ihg asset's use. Charitable &xpenditur8 compromises those costs incurred by the chanty in the delivery of its activitw and Services for its benefjciaries. It indud8s both eosts that Cgn be allocated directly to such activities and th08e ¢osts of ar¢ indirect nature necessary to support them. Support Costs include central function$. Govemance costs in¢lude costs of the preparatlon 8nd exarllinatn of the statutory 2Jnts. the costs of tru$lee meeti1S and the eosl of any legal advice to trustees on govemance of constitutional matters. 1.6 Tanglble flxed assets Tanyible fixed assets are initialty measured al cost and subsequentty measured al cosi LY valualic)n. nel of depreciation and any impairynent Ios888. Depreciation is recogThsed so as to Wri off the cost or valuation af assets le$$ their resal values over their useful lives on the foll0vng bases.. Land and buildin9S Fumiture and equipment Moblle Hcrfne straight line over 15 years 20% reducing balance straight line QV¢T 10 years The gain or loss arin9 on the disposal of an avdet is determined 8$ the difference beeen the sale proceed8 and the carying value of the asset, and is recognised in the Statement of financial activities. 1.7 Fix•d ass?t investments Fixe(l asset investments, other than programrne related investment$. gre included at mgrket value at the balance Sheet date. Realised gains and losses on investments are calculèd as the diffor8nce bets*en sales proceeds and their market value al the start of the year, or their subsequent wsl, ond are charged or ¢rediled to the Statement of Finanaal Activits"es in the period of disposal. Unrealised gains and losses r8present the movement in market values during the year and are credite¢J or charged to the Slalement of Finanual Activits'es based on the market value at the year end. 1.8 Impalrment of flxed a¥3ets At each reporting end dale. the Charty reviews the carrying amounts of its tangible 8ssels lo detemiSne whether there is any indication that those assets have suffered an Imp8Srment loss. If any such indallOn exists, the recoverable amount of the asset is esb"m8ted in order to determine the extent of the impairmgnt 10s5 {rf any). 1.9 Cash and cash oqulvalonts Cash aThJ cash equivalents includè cash in hand, deposits held at call with banks, other short-lerm IiqLNd investments wth original maturiligs of three months or 18ss, and bank overdrafts. Bank overdrafts are shown thin borrowngs in eurrent liabilities.
NAIRN HYDROTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025 Accounting policies (Contlnuedl 1.10 Financlal Instruments The charty has elected to apply the provisions of S8cion 11 '8asic Financial In$lruments' and Sectk<)n 12 'Other Financial Instruments Issues, of FRS 102 to all of its finanual Instruments. Finanryal instruments are recognised in the charty's balan¢e sheet en the charity becomes paty to the contraGtUo1 provi8Ions of the instrument. Finanryal assets and liabilities are offset, with the net amoun15 presented in the financial statements, when Iherg is a legally enforceable right lo set off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle the Ilablllly simullaneou$ly. The best evid8nG8 of fair value a woted price for an identical asset in an active market. Mthen quoted pnces are unavailable, the price of a recent transaction for an identi1 asset provides evidenee of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction look place. If the market is not active and recent transactions of an identical asset c their own are not a good estlmate of fair valug, the fair value is estimated by using a valuation tethniqL. Bask fiftanclal assets Bas financial ossels, which include debtors and cash and bank balances. are inilialty meawred at transaction price induding transaction costs and are SLtssequenlty carried at amortised cost using the effective interest method unless the arrangement constitutes a finanryng transaction, where the tran5aclion is measured at the present value of the future receipts discounted al a market tale of inler&sl. Financial assets classified as feceivable within one year are nol amortised. Baslc financial liabilldes Bas financial liabilities, including creditors and bank loan8 are initiglly recognlsed at transaction pritk unless the arrangement constitutes a financing transathon, where the debt inslrurnent is measureil al the present value of the luture payments discounted at a market rate of interest. Finan¢ial liabilities dassified as payab within one year are not amortised. Debt instruments are subsequentty carried at amortised CLJSt. uwng the effectNe interest rate method. Trade creditors are obligations to pay for gcxts or seNc£s that have been acquired in the ordinary cours8 of operation5 from suppliers. Amounts payable are dassffie(J as current liabilities if payment is due within one year or S$. If not, they are PTosented as non-¢urrenl li*ilities. Tra(le credf(ors S recognised initially al transaction price and subsequ8ndy measured 01 arnortised cost using the effective interest method. Dw¥cognition of financl81 Ilabllltles Flnanaal liabilib.es are derecognised when the charity's conlr8Ctu81 obligations expire are discharged or cancelled. 1.11 Taxatlon The chanty is considered to pass the tes15 set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meet8 the definition of a charitable company for UK corporation lax purposes. Accordingty, th8 charity is potentially exempl trom laxation in respect of ineome or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxati¢)n of Chaigeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 1.12 Employee beneflts The cost of any unused holmlay enbdement18 rec(>Jnised in the wrlod In which the employee'8 8ervlces are received. TerMinatn benefits are recognised immedkgtely as an exptrnse when the charity is demon8trably cornmitted to terminate the employment of an employee or to provide termination b8nefits.
NAIRN HYDROTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025 AcCntIng polkles (ConUnuod} 1.13 Retlrement beneflts Payments to defined contribution retirement benefit schemes are ¢harged as an expense a$ fall due. crftlcal accountlng estlmatss and Judgemgnts In the application of the charity's accouth.ng Wicies, the trustees are require(I to make judgements. estimates and assumptions about the carying amount of 88S8ts and liabiliti6s thal are not readily apparent from other sources. The estimates and associated assumptions are based on historical exporience and other faciors that are considered to be relevant. Actual re$Lrft5 may differ from these estimates. The estimates and undertying assumptions are rewewed on an On9n9 basis. Revisions to aceounting estimates are recognised in the period in which the estimate is revised where the reVIOn affects cnly that period, or in the period of the revision and future periocls where the revlsiop. affects both current and future perio¢J$. Income from donatlons and legacle Unreslrfctsd Rostricled fund$ funds 2025 2025 Total Unrestrlcted Restrlctsd funds funds 2024 2024 Total 2025 2024 Donations and gifts 204,892 12,994 217,886 147,684 147,684 Donatlon8 and gffts Pool charges and donations National Heamh Service Income 163.596 12,994 176,590 113.090 113,090 41,296 41.296 34,594 34.594 204,892 12,994 217,888 147,684 147,684 Income from Inveslments Unrn8trl¢tsd UnTgs¢ricted funds funds 2025 2024 Income from listed invesimenls 323 2,259 10-
NAIRN HYDROTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025 Expendlture on charitabl• actlvltles Charitable activltle8 2025 Charltabl• actlvlties 2024 Dlrect costs Stsff costs Depreciation and impairment 112,085 7.455 97,538 7,308 119.540 104.846 Sharo Ot support and governance ¢osts18e8 note 6) Support Govemanc 57,882 2,310 56,515 2,383 179.732 163,744 Analy$Tr8 by fvnd Unrestricted funds Restrlct8d funds 176,533 3,199 160,791 2,953 179.732 163,744 Support costs allocatod to actlvltl•s 2025 2024 Light, heal and pjwer Insurance Repairs and maintenance Telephone ond fax Printing, postage and stationery Sundry expenses Cleaning Accounlw¢y fees Bank Ch¢$ Loan interest Govemance costs 26,271 1.890 12,430 703 498 2.70S 6,514 4,588 1.945 28 2.619 28,689 1,028 10.781 532 547 2,290 6,680 4,598 1,318 52 2,383 60.192 58,898 Analysed between: Charitsble tIV((leS 60,192 58,898 11
NAIRN HYDROTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 30 NOVEMBER 2025 Support ¢ts allocated to athitlos (Contlnued) 2025 2024 Govgmance costs comprige: Legal and professional Examination of finan¢ial ststements 309 2,310 307 2,076 2,619 2,383 Net movemont in fund8 2025 2024 Thè net movement in funds is $Led after charginW{creditingl'. Fees payable forthe independent examlnation of the charity'8 financial statements Deprgciation of owned gible fixed assets 2,310 7,455 2,076 7.308 Independ9nt examineffg remunerntion 2026 2024 ExaMinatiC of the financial statements 2,310 2,076 Trustees No trustees. nor any persons connecled with them, have received any remuneration from the charty during the year. No trustees have received any reimbursed expenses or any other b8neffts from the charity during the year. 10 Employ0•5 The average monthly number of emoYeeS during the year was: 2025 Number 2024 Numbor 10 12-
NAIRN HYDROTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 NOVEMBER 2025 10 Employees {Continuedl Employment costs 2025 2024 vgeS and salaries Social security cost$ Other pension costs 110,000 522 1,563 96,310 1,228 112.085 97,538 There were no employees whose annual remuneration was more than £60.000. 11 T•xatton The charity is exempt from taxation on bts adivities because all its income is applied for tharitable PUfpose$. 12 T•nglbl• flx¢d a88ets Land and F11¢ and Mobllo HOTM buildlngs •qulw8nt Tot Ai 1 December 2024 Additions 149,004 44,773 12,994 16.576 210,353 12,994 At 30 Novtynber 2025 149,004 57.767 16,576 223.347 Depreciation and Impalrnient At 1 December 2024 Depreciation tharged in the year 119,392 3,134 34,709 2,663 13,264 1.658 167,365 7,455 Ai 30 November 2025 122.526 37,372 14,922 174,820 Carrylng amount At 30 Novwnbèr 2025 26.478 20,395 1.654 48,527 At 30 Novwnb&r 2024 29,612 10.064 3.312 42.988 13-
NAIRN HYDROTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 30 NOVEMBER 2025 13 Fixed asset Investments Listsd inv•$tments Cost or valuation Al 1 December 2024 Additions Valuation Change5 Disposals 42,212 13,123 2,583 112.8481 At 30 November 2025 45.070 Carrylng arnount At 30 November 2025 45,070 At 30 November 2024 42.212 14 Debtorn 2025 2024 Amounts falling due vAthln on• year: Other debtors Prepoyments and accrued income 623 155 424 778 424 15 Loans and overdrats 2025 2024 Bk loans 500 1,500 Payable withln one year Payable after one year 500 1,000 500 16 Crnditorn: anwnts falllng due wtthln one year 2025 2024 Nolas Bank loans Other tsxalion and social securrty Trade creditors Other creditors Attruals and deferred income 15 500 2,102 5,530 691 6,428 1,OCrf) 1.388 1.499 575 5,8( 15,251 10,268 14-
NAIRN HYDROTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025 17 Credltors: amounts falllng due after morn than ong ygar 2026 2024 NoleJ Bank loans 16 500 18 R•tir•menl benefit schemes 2025 2024 Doflned contrlbutlon schemos Charge to profil or loss In SpeCt of defin8d contribution scheme5 1.563 1.228 Th¢ charlty operates a defined contribution p8nsion scheme. 19 Restricted funds Incomlng resources RoUr¢ expended At30 November 2026 D8c•mb•r 2024 Extensionl fixed assets luThJ Big lottery fu 15,137 40 12,994 (3,1991 24,932 40 15,177 12.994 (3,1991 24,972 Prevlou$ year: At1 Incomlng D•¢omber resourcos 2023 Resources expended At30 November 2024 xtenstonl ffixed a55ets fund Blg lottery fvrKS 18,090 40 12.9531 15,137 16.130 {2,9531 15,177 15-
NAIRN HYDROTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THEYEAR ENDED 30 NOVEMBER 2025 19 R95tricted funds (Contlnuodl The Specific purposes for which the funds are to be applied 8re as follows.. Restsicted funds included a donation ot £10,000 received for the extengon physiotherapy room in 2016 and a further donation of £4,000 received for this purpose in 2017. The exten&on physioth8rapy room has now been completed and the cost is being released annually over the useful lifètime of the asset. Restri¢ted funds Indude a £1.150 donat¢on made in order to purchase a defibrillator for the tharly. The cost will be released annually over the lrfetime of the ass0t. Restrided funds irKILKl8 £19,365 donations made in order to purchase o new Calorex heat pump for the charity. The cost 11 be released annually over the lrfellme of th8 asset. Restricted funds include a donation of £12,994 made in order to purtha5e 8 new wol hoist for the th8rty. The cost will be rel&ased annually over the lifetime of the asset. Restricted funds also inelude £40 which is the balance of the remaining Big Lottery FurKI grant received in 2012 which was used towards a fea&bility study. 20 Unrestricted fvnds The unrestricted fiJnd5 of the charity a general funds that are avaiLgble for use al the trustees discretion in furtherance of the objects.ves ofthe charity. Incomlng resources Resources expended Golns and los At30 November 2026 Dgc•mber 2024 General fijnds 65,031 205,215 1176.533} 2,583 96,2 Prgvlous year: At1 December 2023 Incoming Resources resources expendad GaSn$ and losses At30 Nov¥mber 2024 General fvnds 72.859 149,943 1160.791) 3.220 65,031 21 Anaty818 of nel assets botswen lunds Unr68tr1cted funds 2025 Restrlcted funds 2025 Total 2025 At 30 November 2025: Tangible assets Investments Current assetsll5iabilrties) 23.555 45,070 27,671 24.972 48,527 45,070 27.671 96.2 24,972 121.268 16-
NAIRN HYDROTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025 21 Analysls of net ass•ts between funds (Contlnuedl Unrestrlctsd Restrlctèd funds funds 2024 2024 Total 2024 At 30 Novemb•r 2024: Tangible assets Investments Cwrent assel81{Ilatilitiesl Long lem liabilities 27,811 42.212 14,4921 15001 15.177 42,988 42,212 14.492) 1500) 65.031 15.177 80,208 22 Relatsd paity transactlons There were rb) disdosable related party transacti$ dLwing the year {2024- none). 17-