REGISTERED COMPANY NUMBER: SC208883 (Scotland)
REGISTERED CHARITY NUMBER: SC030350
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st March 2025
for
Assynt Leisure
(A Company Limited by Guarantee)
Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
Inverness-shire
IV1 1HT
Assynt Leisure
Contents of the Financial Statements
for the year ended 31st March 2025
|
Page |
Report of the Trustees |
1 to 3 |
Independent Examiner's Report |
4 |
Statement of Financial Activities |
5 |
Balance Sheet |
6 to 7 |
Notes to the Financial Statements |
8 to 15 |
Detailed Statement of Financial Activities |
16 to 17 |
Assynt Leisure
Report of the Trustees
for the year ended 31st March 2025
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31stMarch2025.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
Objectives and aims
The objectiveof AssyntLeisureis to run a multi-purposefacilitywhich includesa sportshall and gym, a youtharea for
socialisingandeducationalsupport,andalearningcentrewithITequipmentandInternetaccesstopromote lifelong
learning. The Charity endeavours to promote physical, psychological and social well-being by providing opportunity to:
-
Access training,
-
Improve educational attainments,
-
Enhance self-esteem,
-
Build self-confidence,
-
Develop individual potential,
-
Interact with other communities through participation in country and regional events, and-
-
Foster social cohesion and community spirit.
Achievements and performance
AssyntLeisurecontinuedtoprovideaffordableaccesstosports,learningandsocialopportunitiesforthe local
communityand visitors to the area. Like many third sector organisations,Assynt Leisure has been forced to respond to
the inflationarypressuresarisingfrom 2020throughto 2023by adaptinghow it operates.CruciallyAssyntLeisure has
improveditsfinancialpositionduring2024/25bydiversifyingitsincomestreams,attractingexternalfunding, and
managing its cost base.
TheCentreoffersphysicalrecreationforlocalchildrenandyouthsincludingweeklycoachedsessionsof multi-sport,
after-schoolclubsandholidayprovisionduringEaster,Summer,andOctober.LocalgroupACCYPwerealsoable to
provide monthly and holiday club sessions throughout the year.
AwiderangeoffitnessclasseswasprovidedforadultsofallagesandabilitiesincludingKettlercise,Zumba, Yoga,
BoogieBounce,groupcycling,andover50sfitness.AssyntIndoorBowlscontinuedwithweeklysessions throughout
the winter season and held local tournaments.The Badmintonand FootballClubs held regular sessions over the winter
period.
AssyntLeisurehasincreasedthenumberofvisitorswhohavetakenadvantageofthecludgy,overnightparking, and
showerfacilitiesavailable.Thenewgymhasbeenpopularamongstbothlocalmembersandvisitorsalike, helping
Assynt Leisure to retain and grow its membership.
Alongsideinvestmentinthegym,newfacilitiesforlearningatAssyntLeisurehavebeensecuredtoensurethe venue
canbeusedforlearningactivitiesamongstbothchildrenandadults.Asurfacehubandmeetingfacilities have
attractedgroupsandhot-deskingworkers,whilethenewlyconvertedcraftroomhasprovenpopularwithchildren as
part of weekly offerings to the local community.
Financial review
Reserves policy
AssyntLeisureaimstomaintainatleastaminimumreserveequivalentto3months'averageexpenditure (currently
approximately £22,810).
The actual free reserves at 31 March 2025 were in Surplus of £2,064 (2024 - Deficit £1,826).
Page 1
Assynt Leisure
Report of the Trustees
for the year ended 31st March 2025
Future plans
TheDirectorsremaincommittedtosustainingtheservicesprovidedbyAssyntLeisureandensuringaviable business
plan.
Anearlypriorityduring2025/26willbeinvestmentinthebuilding.Doorsandlightingintheleisurehall,along with
electricalandheatingworkshavebeenprioritisedtoensurethebuildingremainsoperationalall-yearround. Funding
applications are in progress to address these priorities.
AssyntLeisurewillcontinuetoleadthedeliveryofleisureandwellbeingactivitiesforthearea.Itwillrestructure its
board to develop a model of using the Centre as a hub for wider sports that take place inside and outside the centre. It
will use Assynt Leisure as a base for wider sport and wellbeing-related activities and events.
AssyntLeisurewillbuildonitssuccessfulfundraisinginrecentyearsbycontinuingtoapplyforfundingtogrow the
rangeofservicesonoffer.Fundraisingwillbeparticularlytargetedatthoseserviceswhichcanimprove the
attractivenessof membership and participationat the Centre to enable further income to be generated.Assynt Leisure
will extend the range of activitieson offer such as through soft archery and dance classes for young people. This will be
combined with local fundraising efforts through a programme of regular social events.
Furthermore,theBoardwillexploreopportunitiestogeneratemoreincomebymaximisingthenumber of
membershipsandpaidactivities.AssyntLeisurewillworkwithHighlifeHighlandtousedigitaltoolstoimprove the
ability of customers to pay for a wider range of services.
Structure, governance and management
Governing document
AssyntLeisureisacompanylimitedbyguaranteegovernedbyitsMemorandumandArticlesofAssociationdated 7
July2000,companynumber208883,acopyofthisdocument"certificateofincorporationofaprivate limited
company" and signatories is held on file at Assynt Leisure Sport, Youth and Learning Centre and is available on request.
Recruitment and appointment of new trustees
An Annual General Meeting is called every year in the month of May, trustees who have been on the board for 3 years
arerequiredtostanddownbutcanbere-electedbymembers.Individualsinthecommunitywithexpertise which
would help in the successfulrunningof the company,and thereforeAssyntLeisure Centre, can be approachedprior to
the AnnualGeneral Meetings to see if they would be willing to stand for electionto the Board of trustees.If agreeable
a proposalwould be made in writing by a member and this would be secondedat the AnnualGeneral Meeting.At the
first board meeting after the Annual General Meeting a chairperson would be elected from the new board of trustees.
Induction and training of new trustees
AtthefirstmeetingafteranAnnualGeneralMeeting,newtrusteesareaskedtocompleteregistrationforms for
CompaniesHouse.Informationregardingtheday-to-dayrunningofAssyntLeisureismadeavailableviathe Centre
Manager.This includessharinginformationsuch as the centre'sbusinessplan.Designatedresponsibilitiesare given to
individualtrusteese.g.health&safety,humanresources,fundraising,childprotection,Treasurerand Company
Secretary. Previous position holders pass on any relevant information.
Reference and administrative details
Registered Company number
SC208883 (Scotland)
Registered Charity number
SC030350
Page 2
Assynt Leisure
Report of the Trustees for the year ended 31st March 2025
Registered office
Culag New Pier
Lochinver
Lairg
Sutherland
IV27 4JP
Trustees
M H Hutchison
R Kerr (resigned 24.9.2024)
H Macdonald (resigned 16.9.2025)
A Macleod
D Spencer
J Crowther (appointed 24.9.2024)
Independent Examiner
Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
Inverness-shire
IV1 1HT
Approved by order of the board of trustees on 27th March 2026 and signed on its behalf by:
A Macleod - Trustee
Page 3
Independent Examiner's Report to the Trustees of
Assynt Leisure
I report on the accounts for the year ended 31st March 2025 set out on pages five to fifteen.
Respective responsibilities of trustees and examiner
The charity'strustees are responsiblefor the preparationof the accountsin accordancewith the terms of the Charities
and Trustee Investment(Scotland)Act 2005 and the CharitiesAccounts(Scotland)Regulations2006 (as amended). The
charity'strusteesconsiderthattheauditrequirementofRegulation10(1)(a)to(c)oftheAccountsRegulations does
notapply.ItismyresponsibilitytoexaminetheaccountsasrequiredunderSection44(1)(c)oftheActandto state
whether particular matters have come to my attention.
Basis of the independent examiner's report
MyexaminationwascarriedoutinaccordancewithRegulation11oftheCharitiesAccounts(Scotland) Regulations
2006.Anexaminationincludesareviewoftheaccountingrecordskeptbythecharityandacomparisonof the
accountspresentedwiththoserecords.Italsoincludesconsiderationofanyunusualitemsordisclosuresin the
accounts,and seekingexplanationsfrom you as trusteesconcerningany such matters.The proceduresundertaken do
not provide all the evidence that would be required in an audit,and consequentlyI do not express an audit opinion on
the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Stuart McMartin, FCA
The Institute of Chartered Accountants in England and Wales
Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
Inverness-shire
IV1 1HT
27th March 2026
Page 4
Assynt Leisure
Statement of Financial Activities for the year ended 31st March 2025
Unrestricted
fund
Notes
£
Income and endowments from
Donations and legacies
2
5,599
Charitable activities
5
Charitable activities
86,832
Other trading activities
3
4,274
Investment income
4
479
Total
97,184
Expenditure on
Charitable activities
6
Charitable activities
93,294
NET INCOME/(EXPENDITURE)
3,890
Reconciliation of funds
Total funds brought forward
(1,826)
Total funds carried forward
2,064 |
Restricted
funds
£
2,250
17,770
-
-
20,020
39,580
(19,560)
919,501
899,941 |
2025
Total
funds
£
7,849
104,602
4,274
479
117,204
132,874
(15,670)
917,675
902,005 |
2024
Total
funds
£
2,402
73,126
1,967
-
77,495
104,603
(27,108)
944,783
917,675 |
|
|
|
|
The notes form part of these financial statements
Page 5
Assynt Leisure
Balance Sheet 31st March 2025
Notes
Fixed assets
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank
Creditors
Amounts falling due within one year
14
Net current assets
Total assets less current liabilities
NET ASSETS
Funds
16
Unrestricted funds
Restricted funds
Total funds |
2025
£
877,895
1,152
1,072
33,215
35,439
(11,329)
24,110
902,005
902,005
2,064
899,941
902,005 |
2024
£
898,000
120
669
26,640
27,429
(7,754)
19,675
917,675
917,675
(1,826)
919,501
917,675 |
|
|
|
The charitablecompanyis entitledto exemptionfrom audit under Section 477 of the CompaniesAct 2006 for the year
ended 31st March 2025.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31st March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
Assynt Leisure
Balance Sheet - continued
31st March 2025
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon27thMarch2026 and
were signed on its behalf by:
A Macleod - Trustee
The notes form part of these financial statements
Page 7
Assynt Leisure
Notes to the Financial Statements
for the year ended 31st March 2025
1. Accounting policies
Basis of preparing the financial statements
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
prepared in accordancewith the Charities SORP (FRS 102) 'Accountingand Reportingby Charities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it
is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedto thecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Tangible fixed assets
Depreciationis providedat the followingannualratesin order to write off each assetover its estimated useful
life.
Land and buildings- 2% on cost
Equipment- 15% on reducing balance
Stocks
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and
slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 8
Assynt Leisure
Notes to the Financial Statements - continued for the year ended 31st March 2025
2.
Donations and legacies
Donations
Club income
3.
Other trading activities
Fundraising events
Vending machines/cafe
4.
Investment income
Deposit account interest
5.
Income from charitable activities
Activity
Grants
Charitable activities
Club usage and membership
Charitable activities
Overnight stays and facilities
Charitable activities
Course income
Charitable activities
Grants received, included in the above, are as follows:
The Highland Council
Assynt Development Trust |
2025
£
7,216
633
7,849
2025
£
2,409
1,865
4,274
2025
£
479
2025
£
56,312
40,345
7,945
-
104,602
2025
£
54,887
1,425
56,312 |
|
2024
£
1,378
1,024
2,402
2024
£
757
1,210
1,967
2024
£
-
2024
£
23,028
42,836
7,156
106 |
|
|
|
73,126 |
|
|
|
2024
£
23,028
- |
|
|
|
23,028 |
Page 9
Assynt Leisure
Notes to the Financial Statements - continued for the year ended 31st March 2025
6. Charitable activities costs
DirectSupport
CostscostsTotals
£££
Charitable activities 129,7603,114132,874
7. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
|
2025 |
2024 |
|
£ |
£ |
Depreciation - owned assets |
38,522 |
27,150 |
8. Trustees' remuneration and benefits
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stMarch2025norforthe year
ended 31st March 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31stMarch2025norfortheyear ended
31st March 2024.
9. Staff costs
Wages and salaries
The average monthly number of employees during the year was as follows:
Number of staff |
2025
£
48,402
48,402
2025
4 |
2024
£
43,576 |
|
|
43,576 |
|
|
2024
4 |
No employees received emoluments in excess of £60,000.
Page 10
Assynt Leisure
Notes to the Financial Statements - continued
for the year ended 31st March 2025
10. Comparatives for the statement of financial activities
Income and endowments from
Donations and legacies
Charitable activities
Charitable activities
Other trading activities
Total
Expenditure on
Charitable activities
Charitable activities
NET INCOME/(EXPENDITURE)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
11.
Tangible fixed assets
Cost
At 1st April 2024
Additions
At 31st March 2025
Depreciation
At 1st April 2024
Charge for year
At 31st March 2025
Net book value
At 31st March 2025
At 31st March 2024 |
Unrestricted
fund
£
2,402
73,126
1,967
77,495
77,632
(137)
(1,689)
(1,826)
Land and
buildings
£
1,256,417
-
1,256,417
429,280
25,127
454,407
802,010
827,137 |
Restricted
funds
£
-
-
-
-
26,971
(26,971)
946,472
919,501
Equipment
£
124,609
18,417
143,026
53,746
13,395
67,141
75,885
70,863 |
Total
funds
£
2,402
73,126
1,967
77,495
104,603
(27,108)
944,783
917,675
Totals
£
1,381,026
18,417
1,399,443
483,026
38,522
521,548
877,895
898,000 |
|
|
|
|
Page 11
Assynt Leisure
Notes to the Financial Statements - continued for the year ended 31st March 2025
12.
Stocks
Stocks
13.
Debtors: amounts falling due within one year
Trade debtors
Prepayments
14.
Creditors: amounts falling due within one year
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
15.
Analysis of net assets between funds
Unrestricted
fund
£
Fixed assets
864
Current assets
12,529
Current liabilities
(11,329)
2,064 |
Restricted
funds
£
877,031
22,910
-
899,941 |
2025
£
1,152
2025
£
200
872
1,072
2025
£
5,250
458
153
5,468
11,329
2025
Total
funds
£
877,895
35,439
(11,329)
902,005 |
2024
£
120
2024
£
-
669
669
2024
£
1,341
2,124
137
4,152
7,754
2024
Total
funds
£
898,000
27,429
(7,754)
917,675 |
|
|
|
|
Page 12
Assynt Leisure
Notes to the Financial Statements - continued for the year ended 31st March 2025
16. Movement in funds
Unrestricted funds
General fund
Restricted funds
Assynt Leisure Building
Training and equipment fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Assynt Leisure Building
Training and equipment fund
TOTAL FUNDS |
Net
movement
At
At 1/4/24
in funds
31/3/25
£
£
£
(1,826)
3,890
2,064
856,963
(24,087)
832,876
62,538
4,527
67,065
919,501
(19,560)
899,941
917,675
(15,670)
902,005
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
97,184
(93,294)
3,890
2,250
(26,337)
(24,087)
17,770
(13,243)
4,527
20,020
(39,580)
(19,560)
117,204
(132,874)
(15,670) |
|
|
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Assynt Leisure Building
Training and equipment fund
TOTAL FUNDS |
Net
movement
At 1/4/23
in funds
£
£
(1,689)
(137)
882,091
(25,128)
64,381
(1,843)
946,472
(26,971)
944,783
(27,108) |
At
31/3/24
£
(1,826)
856,963
62,538
919,501
917,675 |
|
|
|
Page 13
Assynt Leisure
Notes to the Financial Statements - continued
for the year ended 31st March 2025
16. Movement in funds - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Assynt Leisure Building
Training and equipment fund
TOTAL FUNDS |
Incoming
resources
£
77,495
-
-
-
77,495 |
Resources
Movement
expended
in funds
£
£
(77,632)
(137)
(25,128)
(25,128)
(1,843)
(1,843)
(26,971)
(26,971)
(104,603)
(27,108) |
|
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Assynt Leisure Building
Training and equipment fund
TOTAL FUNDS |
Net
movement
At 1/4/23
in funds
£
£
(1,689)
3,753
882,091
(49,215)
64,381
2,684
946,472
(46,531)
944,783
(42,778) |
At
31/3/25
£
2,064
832,876
67,065 |
|
|
899,941 |
|
|
902,005 |
Page 14
Assynt Leisure
Notes to the Financial Statements - continued for the year ended 31st March 2025
16. Movement in funds - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Unrestricted funds
General fund
Restricted funds
Assynt Leisure Building
Training and equipment fund
TOTAL FUNDS |
Incoming
resources
£
174,679
2,250
17,770
20,020
194,699 |
Resources
Movement
expended
in funds
£
£
(170,926)
3,753
(51,465)
(49,215)
(15,086)
2,684
(66,551)
(46,531)
(237,477)
(42,778) |
|
|
|
17. Related party disclosures
There were no related party transactions for the year ended 31st March 2025.
Page 15
Assynt Leisure
Detailed Statement of Financial Activities for the year ended 31st March 2025
Income and endowments
Donations and legacies
Donations
Club income
Other trading activities
Fundraising events
Vending machines/cafe
Investment income
Deposit account interest
Charitable activities
Grants
Club usage and membership
Overnight stays and facilities
Course income
Total incoming resources
Expenditure
Charitable activities
Wages
Rent, rates and insurance
Light and heat
Telephone
Postage and stationery
Sundries
Vending machine/cafe purchases
Repairs and maintenance
Learning cost centre
IT costs
Bank charges
Professional fees
Recruitment costs
Carried forward |
2025
£
7,216
633
7,849
2,409
1,865
4,274
479
56,312
40,345
7,945
-
104,602
117,204
48,402
6,894
14,495
1,130
1,090
1,289
2,470
6,881
3,794
2,402
546
1,845
-
91,238 |
2024
£
1,378
1,024 |
|
|
2,402
757
1,210 |
|
|
1,967
-
23,028
42,836
7,156
106 |
|
|
73,126 |
|
|
77,495
43,576
6,560
10,839
808
610
54
1,149
4,067
2,710
1,425
286
2,767
100
74,951 |
This page does not form part of the statutory financial statements
Page 16
Assynt Leisure
Detailed Statement of Financial Activities for the year ended 31st March 2025
Charitable activities
Brought forward
Depn of land and buildings
Depn of equipment
Support costs
Governance costs
Accountancy and legal fees
Total resources expended
Net expenditure |
2025
£
91,238
25,127
13,395
129,760
3,114
132,874
(15,670) |
2024
£
74,951
25,128
2,022
102,101
2,502
104,603
(27,108) |
|
|
|
This page does not form part of the statutory financial statements
Page 17