Docusign Envelope ID: 443CCA08-4961-4C5E-84FE-CBD19F0EDC97
YE AMPHIBIOUS ANCIENTS BATHING ASSOCIATION
Annual Report and Financial Statements For the year ended 31 March 2025
Charity Number: SC040107
Docusign Envelope ID: 443CCA08-4961-4C5E-84FE-CBD19F0EDC97
Ye Amphibious Ancients Bathing Association
Annual Report and Financial Statements
For the year ended 31 March 2025
| Contents | |
|---|---|
| Page | |
| Trustees Annual Report | 1 |
| Independent Examiner's Report | 3 |
| Statement of Receipts and Payments | 4 |
| Statement of Balances | 5 |
| Notes to the Accounts | 6-9 |
Docusign Envelope ID: 443CCA08-4961-4C5E-84FE-CBD19F0EDC97
Ye Amphibious Ancients Bathing Association
Charity Number SC040107
Trustees' Annual Report
The trustees have pleasure in presenting their report and financial statements of the charity for the year ended 31 March 2025
Current Trustees
Trustees during the year ended 31 March 2025 and at signing date;
Recruitment and Appointment of Trustees
All of the charity's trustees are appointed or reappointed by the members at our AGM in accordance with our constitution.
Governing Document
The charity is governed by a written constitution and is managed by a committee of members chosen for their suitability to run the charity. The committee meets monthly.
Charitable Purposes
To teach swimming indoors to all age groups, to promote open water swimming and organise championships outdoors.
Activities and Achievements
The financial year saw YeAABA income stabilise as we were able to carry out sustained fundraising activities.
In terms of Pool swimming, we have now restarted a learn to swim club as well as a club indoor session on a Friday evening from 5-8pm at St Johns. The closure of pools in the Dundee areas has assisted us with the LTS take up such that this portion is now self-sustaining with over 80 persons signed up for lessons.
The Dook went ahead again in the current year (January 2025), therefore income revenue from the Dook programme realised. This
income is mainly generated by the programme, and through the event itself, this provided a much-needed boost for club funds, setting the club up for the open water season.
The normal running costs involved in operating the club has remained much the same as in previous years. We replaced the four Non-Yamaha 4HP engines with new Yamaha ones.
The additional spend was met from a program of fundraising and applying for funding from local sources. Again, we recognise that traditional fundraising menthods are in decline and we shall continue the need to make more use of applying for funding bids to meet our needs.
We are looking to dispose of one of our older and heavier boats in favour of purchasing a replacement of the type we already use.
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Docusign Envelope ID: 443CCA08-4961-4C5E-84FE-CBD19F0EDC97
Ye Amphibious Ancients Bathing Association
Charity Number SC040107
Trustees' Annual Report (continued)
Trustee Remuneration Expenses
No remuneration was paid to any trustee.
Reserves
It is the aim of the charity to have in reserves sufficient funds to meet the charity's obligations for a minimum of twelve months.
Financial Review
Throughout the financial year YeAABA has seen the income increase significantly as they received some grants in order to do some larger works that were required to ensure the clubhouse and boat stock was maintaining to the necessary standard.
Fundraising activites have also taken place throught the last financial year.
Costs were up on 23/24 but as noted above that was investment from the trustees in the facilities of the charity.
FY 24/5 saw small increase in cashflow and at the year end the charity had achieved a surplus of £4,414 as an income from its activities.
YeAABA remains relatively financially stable to continue its activities at this time.
Although YeAABA is a membership organisation generating a large proportion of its income through trading, it still places a smaller, but not insignificant, dependency on the goodwill of its supporters and general donations.
Approved by the Trustees on 5th October 2025 and signed on their behalf by:
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…..
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Treasurer
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Docusign Envelope ID: 443CCA08-4961-4C5E-84FE-CBD19F0EDC97
Independent Examiner's Report
For the year ended 31 March 2025
Independent Examiner's Report to the Trustees of Ye Amphibious Ancients Bathing Association
I report on the financial statements of the charity for the year ended 31 March 2025, which are set out pages 4 to 9.
Respective responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the 2005 Act and to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, I do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In the course of 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 comply with Regulation 9 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.
BK Plus Limited Stannergate House 41 Dundee Road West Broughty Ferry Dundee DD5 1NB
5th October 2025
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Docusign Envelope ID: 443CCA08-4961-4C5E-84FE-CBD19F0EDC97
Ye Amphibious Ancients Bathing Association
Statement of Receipts and Payments
For the year ended 31 March 2025
| Note Receipts Donations and Grants 5 Receipts from Charitable Activities 6 Investment Income 7 Receipts from disposal of fixed assets Total Receipts Payments Expenditure on raising funds: Costs of raising donations and grants 8 Cost of Charitable Activities 9 Purchase of Boats Total Payments Transfers 11/12 Surplus / (Deficit) for the year |
Unrestricted Funds 34,075 20,445 - 3,100 57,620 735 46,360 6,091 53,186 (160) 4,274 |
Restricted Funds 9,300 - - - 9,300 - 9,320 - 9,320 160 140 |
Total Year ended 31 Mar 2025 43,375 20,445 - 3,100 66,920 735 55,680 6,091 62,506 - 4,414 |
Total Year ended 31 Mar 2024 £ 12,353 21,532 37 - |
|---|---|---|---|---|
| 33,922 | ||||
| 897 28,270 6,710 |
||||
| 35,877 | ||||
| - | ||||
| (1,955) |
The notes on pages 6 to 9 form an integral part of these accounts.
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Docusign Envelope ID: 443CCA08-4961-4C5E-84FE-CBD19F0EDC97
Ye Amphibious Ancients Bathing Association
Statement of Balances
as at 31 March 2025
| Funds Reconciliation Cash at Bank and in hand - 31.03.24 Surplus / (Deficit) for the year Cash at Bank and in hand - 31.03.25 Bank and Cash Balances Bank Current Account Other Assets Boats and Equipment Other Debtor Total Assets Other Assets / (Liabilities) Total Assets / (Liabilities) |
Unrestricted Funds £ 14,222 4,274 18,496 18,496 18,496 33,505 - 52,001 - 52,001 |
Restricted Funds £ 500 140 640 640 640 - - 640 - 640 |
Total 2025 £ 14,722 4,414 19,136 19,136 19,136 33,505 - 52,641 - 52,641 |
Total 2024 £ 16,677 (1,955) |
|---|---|---|---|---|
| 14,722 | ||||
| 14,722 | ||||
| 14,722 | ||||
| 30,706 1,700 |
||||
| 47,128 | ||||
| - | ||||
| 47,128 |
The notes on pages 6 to 9 form an integral part of these accounts.
Approved by the Trustees on 5 October 2025 and signed on their behalf by:
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………………………………..
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Treasurer
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Docusign Envelope ID: 443CCA08-4961-4C5E-84FE-CBD19F0EDC97
Ye Amphibious Ancients Bathing Association
Notes to the Financial Statements
For the year ended 31 March 2025
1 Basis of Accounting
These accounts have been prepared on the Receipts and Payments basis in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ("the 2005 Act") and the Charities Accounts (Scotland) Regulations 2006 (as amended) ("the 2006 Regulations").
2 Nature and purpose of funds
Unrestricted funds are donations and other incoming resources received or generated for the objects of the charity without further specified purpose and are available as general funds.
Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes.
3 Related Party Transactions
No remuneration or expenses were paid to any Trustee and there were no transactions with Related Parties.
4 Fixed Assets
Heritable property, the Clubhouse at Broughty Ferry, is not included in the Accounts.
Boats and equipment are depreciated at appropriate rates based on their expected useful lives.
Lifejackets, medals, trophies and merchandise are not valued in the Accounts.
5 Donations and Grants
| General Donations Membership fees Grants 6 Receipts from charitable activities Fundraising Sponsorship Entrance fees (swims and dooks) Other income |
Unrestricted Funds £ 2,568 6,507 25,000 34,075 Unrestricted Funds £ 8,854 4,600 6,091 900 20,445 |
Restricted Funds £ - - 9,300 9,300 Restricted Funds £ - - - - - |
Total funds Year ended 31 Mar 2025 £ 2,568 6,507 34,300 43,375 Total funds Year ended 31 Mar 2025 £ 8,854 4,600 6,091 900 20,445 |
Total funds Year ended 31 Mar 2024 £ 1,268 6,285 4,800 |
|---|---|---|---|---|
| 12,353 | ||||
| Total funds Year ended 31 Mar 2024 £ 8,191 6,975 6,366 - |
||||
| 21,532 |
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Docusign Envelope ID: 443CCA08-4961-4C5E-84FE-CBD19F0EDC97
Ye Amphibious Ancients Bathing Association
Notes to the Financial Statements (continued)
For the year ended 31 March 2025
7 Investment Income
| 7 Investment Income | ||||
|---|---|---|---|---|
| Bank Interest 8 Costs of generating funds Fundraising costs 9 Costs of charitable activities Upkeep and Hire of Boats Clubhouse Maintenance Pool and Swim Expenses Insurance, Rent and Electricity Membership and Professional Fees Training Courses Sundry Administration 10 Movements in Funds Funds at 31.03.24 Income for year Payments for year Transfers for year Depreciation of Equipment Fixed asset purchases & disposals Funds at 31.03.25 |
Unrestricted Funds £ - - Unrestricted Funds £ 735 735 Unrestricted Funds £ 1,989 13,140 10,504 6,946 3,584 6,737 186 3,274 46,360 Unrestricted Funds £ 46,628 54,520 (47,095) (160) (3,783) 1,891 52,001 |
Restricted Funds £ - - Restricted Funds £ - - Restricted Funds £ 360 8,960 - - - - - - 9,320 Restricted Funds £ 500 9,300 (9,320) 160 - - 640 |
Total Funds Year ended 31 Mar 2025 £ - - Total Funds Year ended 31 Mar 2025 £ 735 735 Total Funds Year ended 31 Mar 2025 £ 2,349 22,100 10,504 6,946 3,584 6,737 186 3,274 - 55,680 Total Funds Year ended 31 Mar 2025 £ 47,128 63,820 (56,415) - (3,783) 1,891 52,641 |
Total Funds Year ended 31 Mar 2024 £ 37 |
| 37 | ||||
| Total Funds Year ended 31 Mar 2024 £ 897 |
||||
| 897 | ||||
| Total Funds Year ended 31 Mar 2024 £ 755 382 8,553 5,400 3,376 2,087 220 7,497 |
||||
| 28,270 | ||||
| Total Funds Year ended 31 Mar 2024 £ 44,159 33,922 (35,877) 13,421 (3,487) (5,010) |
||||
| 47,128 |
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Docusign Envelope ID: 443CCA08-4961-4C5E-84FE-CBD19F0EDC97
Ye Amphibious Ancients Bathing Association
Notes to the Financial Statements (continued)
For the year ended 31 March 2025
11. Breakdown of restricted funds
| Brought forward Receipts Donations and Grants Receipts for Charitable Activities Total Receipts Payments Expenditure on raising funds: Cost of Charitable Activities Purchase of Boats Boat and vehicle expenses Total Payments Transfers Carry forward balance at 31.3.25 |
Restricted fund 1 Boat Fuel 500 500 - 500 360 - 360 - 640 |
Restricted fund 2 Clubhouse / Boat Costs - 8,800 8,800 8,960 8,960 160 - |
Total Total Year ended 31 Year ended 31 Mar 2025 Mar 2024 500 850 9,300 - - - - |
|---|---|---|---|
| 9,300 - |
|||
| 9,320 622 - - - |
|||
| 9,320 622 |
|||
| 160 272 |
|||
| 640 500 |
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Docusign Envelope ID: 443CCA08-4961-4C5E-84FE-CBD19F0EDC97
Ye Amphibious Ancients Bathing Association
Notes to the Financial Statements (continued)
For the year ended 31 March 2025
12. Breakdown of unrestricted funds
| Brought forward Incoming Resources Total Payments Expenditure on raising funds: Costs of raising donations and grants Cost of Charitable Activities Purchase of Boats Total Payments Transfers Carry forward balance at 31.3.25 |
Unrestricted Designated Designated Designated Designated fund Designated fund Designated fund fund 1 fund 1 fund 2 fund 3 4 5 7 General Funds Dook Costs Hardship Fund Travel Expenses Club House Costs Professional Costs Training Centre 5,402 - 500 1,200 5,500 1,000 620 21,487 7,916 - - 22,877 - 5,340 26,889 7,916 500 1,200 28,377 1,000 5,960 735 - - - - - - 20,419 2,764 - 381 20,452 1,332 1,012 - - - - 6,091 - - 21,154 2,764 - 381 26,543 1,332 1,012 4,820 (5,152) - - - 160 332 - 10,555 0 500 819 1,674 0 4,948 |
Total Total Year ended 31 Mar 2025 Year ended 31 Mar 2024 14,222 15,827 57,620 33,922 |
|---|---|---|
| 71,842 49,749 |
||
| 735 897 46,360 27,648 6,091 6,710 |
||
| 53,186 35,255 |
||
| - 160 - 272 |
||
| 18,496 14,222 |
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Envelw ID.. 443CCAON%14C5E-84FE-CBD19FOEDC97