COUNTY COUNCIL
RHAYADER LEISURE CENTRE
(Registered Charity No. 1037262)
ANNUAL REPORT FOR THE YEAR
2023/24
Rhayader Leisure Centre
Charity Information
The following details are the Legal and Administrative details within which the Rhayader Leisure Centre Charity operates: -
Date of Registration as a Charity : 6th May 1994 Registered Charity Number : 1037262 Governing Instrument : Declaration of Trust dated 1st March 1994 and Lease dated 10th October 1973 Area of Benefit : The Former Rural District of Rhayader Charity Type / Category : Service Provider Description : For the purposes of a Community Centre for the use of the inhabitants of the Former Rural District of Rhayader, including use for meetings, lectures and classes and for other forms of recreation and leisure time occupation with the object of improving the condition of life for the said inhabitants
Corporate Trustees : The Elected Members of Powys County Council – 2023/24 Contact Address : Powys County Council County Hall Spa Road Llandrindod Wells LD1 5LG Independent Examiner : McCabe Ford Williams, Statutory Auditors and Chartered Accountants, Building 1063, Cornforth Drive, Kent Science Park, Sittingbourne, Kent, ME9 8PX
On 1[st] July 2015, the operation of the Centre transferred from Powys County Council to Wealden Leisure Limited trading as Freedom Leisure.
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Rhayader Leisure Centre
TRUSTEES’ REPORT FOR YEAR ENDED 31 MARCH 2024
The Trustees submit their Annual Report and audited financial statements for the year ended 31 March 2024.
A. OBJECTIVES AND ACTIVITIES
The objectives of the Centre are to enhance the leisure, recreation and social activities for the resident population within Rhayader and the surrounding Communities. This will add to the community infrastructure, enhancing the potential of Rhayader as a location for commercial investment.
B. ACHIEVEMENTS AND PERFORMANCE
Participation figures for leisure activities for the year are as follows: -
| 2023/24 | 2022/23 | |
|---|---|---|
| No. | No. | |
| All Courses & Events | 77,914 | 61,474 |
Footfall through the centre continues to increase to 77,914. The main use throughout this year was for fitness and leisure activities, such as swimming, fitness classes and swim lessons. 39,020 participants took part in activities of this nature during the year. Crossgates Primary School and Rhayader Primary schools both having weekly sessions throughout the year.
C. FINANCIAL REVIEW
The Leisure Centre saw an increase in trading income from charitable activities to £279,776 (£240,188 in 2022/23). Trading expenditure decreased to £405,947 (£485,172 in 2022/23). During the year, the charity received £126,303 (£235,200 in 2022/23) from Powys County Council in grants and contract payments. This leaves a Fund Balance of £3,412 in the unrestricted reserve.
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Rhayader Leisure Centre
D. PLANS FOR THE FUTURE
The Charity will continue to plan to meet the objectives of the Charity for the residential population within Rhayader and the surrounding Communities in the best and most cost-effective way possible.
E. RISKS AND RESERVES
The Charity provides the services for the population of Rhayader and the surrounding Communities on behalf of Powys County Council who own the assets and provide grant funding. As such, should the Charity financially fail then Powys County Council will take over the service. Thus, the Trustees do not consider the holding of significant reserves to be necessary.
F. STATEMENT OF TRUSTEES’ RESPONSIBILITIES
Under Trust Law, the Trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of the affairs of the charity and the results of the charity for that year. In preparing these financial statements, the Trustees are required to:
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Select suitable accounting policies and apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statement comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees on the 27 January 2024 and signed on its behalf by:
............ ..................................... (Cllr. Jonathon Wilkinson, Chair, Powys County Council)
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Rhayader Leisure Centre
Statement of Financial Activities for the Year Ended 2023/24
| Note Income and Endowments Charitable Activities Local Authority Grants & Contract Payments Other Grants Trading Income from Charitable Activity 12 Total Income Expenditure on Charitable Activities Leisure Centre 2 Total Expenditure Net Income/(expenditure) Transfers between Funds Other recognised gains/(losses) Net movement in Funds Reconciliation of Funds: Total funds brought forward Total funds carried forward |
Unrestricted Funds Total Funds 2022/23 £ £ £ 126,303 - 279,644 126,303 - 279,644 235,200 9,784 240,188 |
|---|---|
| 405,947 405,947 485,172 |
|
| (405,947) (405,947) (485,172) |
|
| (405,947) (405,947) (485,172) |
|
| 0 0 0 - - - - - - |
|
| 0 0 0 |
|
| 3,412 3,412 3,412 |
|
| 3,412 3,412 3,412 |
The statement of financial activities includes all gains and losses recognised in the year. All income resources expended derive from continuing activities.
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Rhayader Leisure Centre
Balance Sheet as at 31 March 2024
| Note | Note | Balance as | Balance as | |
|---|---|---|---|---|
| at 31 March | at 31 March | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Current assets: | ||||
| Stocks | 4 | 6,700 | 5,898 | |
| Debtors | 5 | 2,079 | 1,470 | |
| Cash at bank and in hand | 6 | 7,308 | 15,057 | |
| Total Current assets | 16,087 | 22,425 | ||
| Liabilities | ||||
| Creditors: Amounts falling due within one year | 7 | 12,675 | 19,013 | |
| 12,675 | 19,013 | |||
| Total Charity Funds | 3,412 | 3,412 | ||
| The funds of the charity: | ||||
| Unrestricted funds | 3,412 | 3,412 |
All the current assets and current liabilities of the Charity are unrestricted funds.
The notes on pages 7 to 10 form part of these accounts.
The financial statements were approved by the Trustees on 27 January 2024 and signed on behalf by
Signed…………………………………………………………………………….
Cllr Jonathan Wilkinson
Chair, Powys County Council
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Rhayader Leisure Centre
Notes to the financial statements
1) ACCOUNTING POLICIES
Basis of preparing the financial statements
The Charity is a public benefit entity under FRS 102.
The financial statements of the charity have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the provisions of FRS102 (effective 1 January 2019)’, Financial Reporting Standard applicable in the UK and Republic of Ireland’.
The financial statements are prepared on a going concern basis under the historical cost convention.
Income
Income is recognised when the Charity is legally entitled to the income, the amount can be quantified with reasonable accuracy, and it is probable that the Charity will receive the income. Income is received in advance of the provision of the relevant service and as such is deferred until the service commences. Some services are provided in advance of an invoice being raised and as such is accrued until the invoice has been raised in the income and expenditure account. Income for annual membership is accounted for over the membership year.
Expenditure
Liabilities are recognised as expenditure as soon as there is legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to that category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Resources expended include attributable VAT, which cannot be recovered.
Unrestricted Funds
Unrestricted funds are incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, on a first in first out basis, after making due allowance for obsolete and slow moving items.
Cash Flow Statement
The Charity is not obliged to produce a Cash Flow Statement due to its size.
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Rhayader Leisure Centre
Leisure Centre Asset
The Leisure Centre asset is vested with Powys County Council.
2) EXPENDITURE FROM CHARITABLE OBJECTIVES
| Staff Recharge Costs Premises: Running and Maintenance Costs General Equipment Bar and Vending Machine Supplies Office Administration Marketing Governance Costs Miscellaneous Total |
Year Ended 31 March 2024 Year Ended 31 March 2023 £ £ 216,105 227,846 138,356 185,932 2,432 4,338 7,958 12,701 31,375 43,791 4,190 4,744 4,068 4,466 1,462 1,354 |
|---|---|
| 405,947 485,172 |
3) EMPLOYEES
| Gross Wages and Salaries Social Security Costs Pension Costs Other Staff Costs Total |
Year Ended 31 March 2024 Year Ended 31 March 2023 £ £ 195,723 196,936 7,644 10,084 8,697 14,073 4,041 6,753 |
|---|---|
| 216,105 227,846 |
The Trustees received no remuneration or benefit in connection with the performance of their duties during the year.
No employee was paid £60,000 or more during the year (2022/23: nil)
The Charity employed 21 employees during 2023/24 of which 7 were permanent and 14 were casual.
The Charity shares participation in a multi company defined benefit pension scheme. This Pension scheme is the Powys Pension Fund whose largest member is Powys County Council. As at 31 March 2024 , the pension scheme had net assets of £833.536M.
Because the Charity forms such a small part of the pension scheme it is impractical to obtain information specifically for the Charity.
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Rhayader Leisure Centre
4) STOCK
Year Ended 31 March 2024 Year Ended 31 March 2023 £ £ Stock 6,700 5,898
Stocks are valued at the lower of cost and estimated selling price less costs to sell, on a first in first out basis, after making due allowance for obsolete and slow moving items.
5) DEBTORS
Year Ended 31 March 2024 Year Ended 31 March 2023 £ £ Prepayments 2,079 1,470
6) CASH AT BANK AND IN HAND
Year Ended 31 March 2024 Year Ended 31 March 2023 £ £ Cash 7,308 15,057
As the day-to-day operation of the centre is undertaken by Freedom Leisure, the cash was held by Freedom Leisure on behalf of the Centre.
7) LIABILITIES AMOUNTS FALLING DUE WITHIN ONE YEAR
Year Ended 31 March 2024 Year Ended 31 March 2023 £ £ Accruals 12,675 19,013
8) CONTINGENT LIABILITIES
No such liabilities existed at the balance sheet date .
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Rhayader Leisure Centre
9) UNRESTRICTED RESERVES
| Reserves b/f Incoming resources Outgoing resources Reserves c/f |
Year Ended 31 March 2024 Year Ended 31 March 2023 £ 3,412 405,947 (405,947) £ 3,412 485,172 (485,172) |
|---|---|
| 3,412 3,412 |
10) GOING CONCERN
The Trustees are confident that the Charity retains the support of Powys County Council and that this will allow the Charity to continue trading over the near future.
11) RELATED PARTIES
Under the constitution, the Charity Trustees are the elected members of Powys County Council.
The Charity has been set up to manage the leisure centre at Rhayader for the benefit of the local population. On 1st July 2015, the operation of the Centre transferred from Powys County Council to Wealden Leisure Limited trading as Freedom Leisure.
During the year the charity received £126,303 (2022/23: £235,200) from Powys County Council in grants and contract payments.
12) OTHER GRANTS
| Sport Wales Health Promotion Total |
Year Ended 31 March 2024 Year Ended 31 March 2023 £ - £ 9,784 |
|---|---|
| - **9,784 ** |
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