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← Rhayader Leisure Centre

2025-03-31-accounts

Local Authority Contract and Grants

COUNTY COUNCIL

RHAYADER LEISURE CENTRE

(Registered Charity No. 1037262)

ANNUAL REPORT FOR THE YEAR

2024/25

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 – 2024/25

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 2025

The Trustees submit their Annual Report and audited financial statements for the year ended 31 March 2025.

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: -

2024/25 2023/24 No. No. All Courses & Events 73,933 77,914

Footfall through the centre reduced slightly compared to previous year 2023/24, 73,933. The main use throughout this year was for fitness and leisure activities, such as swimming, fitness classes and swim lessons. 42,124 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 a decrease in trading income from charitable activities to £267,153 (£279,776 in 2023/24). Trading expenditure increased to £409,598 (£405,947 in 2023/24). During the year, the charity received £142,444 (£126,303 in 2023/24) 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:

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 28 January 2026 and signed on its behalf by:

............ ..................................... (Cllr. William Powell, Chair, Powys County Council)

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Rhayader Leisure Centre

Statement of Financial Activities for the Year Ended 2024/25

Note
Income and Endowments
Charitable Activities
Local Authority Grants &
Contract Payments
Trading Income from
Charitable Activity
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
2023/24
£
£
£
142,444
267,153
142,444
267,153
126,303
279,644
409,598
409,598
405,947
(409,598)
(409,598)
(405,947)
(409,598)
(409,598)
(405,947)
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.

Balance Sheet as at 31 March 2025

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Rhayader Leisure Centre

Note
Current assets:
Stocks
4
Debtors
5
Cash at bank and in hand
6
Total Current assets
Liabilities
Creditors: Amounts falling due within one year
7
Total Charity Funds
The funds of the charity:
Unrestricted funds		 Balance as
at 31 March
2025
£
Balance as
at 31 March
2024
£
5,464
6,700
2,265
2,079
6,632
7,308
14,361
16,087
10,950
12,675
10,950
12,675
3,412
3,412
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 28 January 2026 and signed on behalf by

Signed…………………………………………………………………………….

Cllr William Powell

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.

Leisure Centre Asset

The Leisure Centre asset is vested with Powys County Council.

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Rhayader Leisure Centre

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
) EMPLOYEES
Gross Wages and Salaries
Social Security Costs
Pension Costs
Other Staff Costs
Total		 Year Ended 31 March 2025
Year Ended 31 March 2024
£
£
222,384
216,105
132,844
138,356
1,821
2,432
10,285
7,958
32,067
31,375
3,929
4,190
4,782
4,068
1,486
1,462
409,598
405,947
Year Ended 31 March 2025
Year Ended 31 March 2024
£
£
208,623
195,723
6,379
7,644
4,070
8,697
3,312
4,041
222,384
216,105

3) EMPLOYEES

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 25 employees during 2024/25 of which 8 were permanent and 17 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 2025 , the pension scheme had net assets of £861.986M.

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 2025 Year Ended 31 March 2024 £ £ Stock 5,464 6,700

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 2025 Year Ended 31 March 2024 £ £ Prepayments 2,265 2,079

6) CASH AT BANK AND IN HAND

Year Ended 31 March 2025 Year Ended 31 March 2024 £ £ Cash 6,632 7,308

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 2025 Year Ended 31 March 2024 £ £ Accruals 10,950 12,675

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 2025
Year Ended 31 March 202
£
3,412
409,598
(409,598)
£
3,412
405,947
(405,947)
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 £142,444 (2023/24: £126,303) from Powys County Council in grants and contract payments.

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