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
Signif￿an1 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 S￿19 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 drffe￿nt sources in support of ils activitiès. The result for the
year was a surplus, of £41.060 reSU￿ng 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 cUr￿n1 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 Compan*s Memorandum and Artides ofAS￿laI0n.

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 ne￿Ss¥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 ¢J1￿ctOrS 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 e￿h 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 f￿1￿￿ed, subjed to any material d8partur8S
dlsdosed and explained In the fina￿1¥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 finan￿01 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 pr￿dureS
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 a￿ord 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
Un￿tricted Restrkt
fund8
funds
2025
2026
Total
Totsl
2025
2024
lTrcome from".
Donations and legacies
Inve$lments
204,892
323
12.994
217,886
323
147.684
2,259
Totsl Incomg
205,215
12.994
218.209
149,943
Charita￿e acliwties
176,533
3,199
179,732
163.744
Net gains on invfrslmenls
2,583
2.583
3,220
Net Incomel{expendlturel and mov•mont In
funds
31,265
9,795
41,060
(10,5811
Rgconclllatlon of funds:
Fund b818nces at 1 December 2024
65,031
15,177
80,208
,789
Fund balances at 30 November 2025
96,298
24,972
121,268
80,208
The ststement of finandal activities inGlude$ 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 appliCa￿e 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 Stat￿ent 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 tr￿lee5
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 $po¢rfi¢ purposes, the use of which is
restrictèj to that area or wrpose.
Endowment funds are subject to Specific condrticns by dor￿lS Ihal the capllal must be malnlained by the
charity.
1.4 Income
Income is fecognised when the charity is legally entitled lo11 after any performance conditions have been met,
the amounts Can be measured rellably, it is probable that irthme VAII be received.
Donations are recognised when the charity has been nolified in writbng of both the 8mounl and setuement
date. In the event that a donation is subject to conditions that requi￿ a level of performance by the charrty
before the charty is enlilles to the funds. the income is deferred and not recognised until either those
dillons are fully met, or the fulfilmenl of those conditions 1$ 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 c*legcry.
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 alIC￿ed 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$.
Govemance costs in¢lude costs of the preparatlon 8nd exarllinat￿n of the statutory 2￿Jnts. the costs of
tru$lee meeti1￿S 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 res￿￿al values over their
useful lives on the foll0v￿ng 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 ari￿n9 on the disposal of an avdet is determined 8$ the difference be￿een 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 calcul*èd 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 ind￿allOn
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 S8c*ion 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 identi￿1 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.
TerMinat￿n 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
AcC￿ntIng 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$Lrft5 may differ from these estimates.
The estimates and undertying assumptions are rewewed on an On9￿n9 basis. Revisions to aceounting
estimates are recognised in the period in which the estimate is revised where the reVI￿On affects cnly that
period, or in the period of the revision and future periocls where the revlsiop. affects both current and future
perio¢J$.
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 $L￿ed 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 em￿oYeeS 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
v￿geS 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 F￿￿11￿￿¢ 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
B￿k 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
R￿oUr¢
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-