Reylstered number.. 03072216 CharKy number.. 1047742 IEng12nd and W21esl ACTIVE NATION UK LTD {A Company LimitEd by Guarantse) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACTWE NATION UK LTD IA Company Litnited by Guararteel CONTEMTS Page Reference and Admlnlstratlve Detalls of the Charty. Its Trustees and Advlsers Tru51ees' Raport Tru$tee$' Responsilylities Stalernent Independent Auditoffs Report on the Financial Statements 7-10 ConsolSdat• reviews and manages the prinlypa ri5k5 and uncertainties facing the Charity. ensuting the establishment ol systems and procedwes to mdKJate these risls Business Managers and key Central Support staff hold rnOnth￿ meetiws to dI￿u5$ c￿traCtPerfornlg￿. ￿￿reSS key is￿. aml prov￿￿ ¢tynwelEnsrve repoTts for the Board. Racrultment and Appolntment of The TBcruittnent and apwintrnent of new Trustees adhere to the A¥bde5 cf AsS(K￿bOD anLI the Chanty CornmissioD'5 guidance. This involves as$e>sing exi$￿'ng Trustees, Skill sets. hlentifyiro required skill¥experen¢e. r￿ruitIng through l0¢4 and national media, reening expre55ion5 of inlere5t, frjrtnal inter¥iew5. and prO￿ding otien1a1￿ for new TrusteES on their le931 obligalions and organisat￿rnal responsibilit￿. Slral•gi¢ Positioning. Obj8¢tiv•s. and R•vi•w of A¢tivil*s andA¢hi•v•m•nts Throughout the fiscal year. Active Nation CA)ntint￿ work that started in thè prewous year to fryws on rerositioning itself from a sport and exeiciseyear leisure management contr8Ct wth Filton Twi Counol derth)nslr81es AclNe Nelmjn's Cornmrfm￿￿ to growth. p8rtnwthip. end continued servitr expansion. Despite econom￿ challenges from o)st of living arml the energy tiisis thal has had a S￿nIfICant irnpacl across the enbre sedor. the organisatvjn remains resilierrt. offering a hwJh-qua&ty. ¥alue-dnven heamh & we l-b*ng prOpoS￿"0n that transTrnds traditional gym sellifigs. The Charity recognises the potenb'al for dHJital engagement and Ihe [￿ed to connect th indi¥iduals working and exefcising from home and continues on this pathway with online proF¥)Sitic¥) that reth aud*nces are Unal￿e lo visit local leisure facilities. Public Benefit Sufflfflary In pursuit of its charitable purpose to, ActiiE Nab'on athely contribLrtes to reduLang Ih? Incwjen￿ of major chionic diseases. The Charity ccdlaborates Mth knal autfx)rib"es 10 enhance ccmmunity hÈalth and W￿l-b￿n9 by promoling rÈcxe8tional opporhjnities, encouraging activity participation. ar¢ iMpl￿en￿n9 inmvative programs. Engag ng disadvantaged communty groups. lostering key Partnerships with Public Heath departrnents. schoo&, arkl dubs. and incwrating digital tethnol(w into ils campaigning stralegy are integra lo the bharivs work. Business Review & Principal Activitie5 Active Nation rernains 4 reli*le parfner lor k>cal authoribe5 in m￿ing sports an¢J leisure f8cilitES under contract. wth 8 focus on Positively irnpactitYJ comrnunity physcal activty lev￿S. The fiscal yeai 2t122-23 saw Active NatiDn working wilh various local clients. manag.ng faciliues across differeni lo¢auons. Perfomian¢e Despite the challen9iThJ economic envitonrnent, Active NaD"on. under ts Cause-￿ rniss￿. dem￿s1[aled resilience, maintaining a commiiment to high-quality èdivrty programs aThJ cost cMtrtl. The Trustees believe that the improved finanual pkttom) a¢h￿Ved this year posib.ons the Cherity wdl for futu￿ opryytunitie5 aThY growlh. Key Performance Outcom05 IKPOI KPO 202112022 202212023 Income from charilable actiwtes-. Manag8rn8nt Activit £8,7%,282 £10.782.321 Inc0rn8 from charilabl8 aCtiwt￿s'. Sports Subsidy £1.036.424 £1.030.484 EmF4oy8e Costs £6.(￿5,925 £7.058.159 Nel Funds I￿.848.1Y2l 1£3.885.7021 Quallty The Charity maintains a de(licat¥)n to iThYependent assessn*nt of its owab"ons. The coftynitmert to qU￿lty extends to soual Ir￿u$lOn initidtiv¥¥. Wh￿[¥ AL%nig NiilK)11 ii¢tiv¥ly bv(xks' io ieducF b4rriers to PJtyn Generallv Attepted Aco)unting Practicè." and have IEen wepared in gccordance *ith the requirefflwts olthe Ccmnpenies Ala 2006. Basis for opinion We ¢onduded our audtt in ac¢oTdanEe ￿th Intpmational Stanllards on Audthng IUKI IISAS IUKII and applicable law. Our regpongibilitips under those standards are lurther dpsCrib￿I in the Auditorfs re￿n￿bIli11ÈS for the a￿1{ of ihp fin2nci81 stalÈmEnts sett￿n of oui report. We are Independent of the Gr￿p In arrAxdanr£ wilh the ethr21 requirements that are re￿evant to our audit of the financial ststprnpnls in thp United Kingdom. IThrJ￿1rfj tre Finarry81 Reprytirg C¢xJnryl's Ethir21 St8ndard. ard we have fulfilled oiir oth8r ethical rgsponsibilities n ac(x)rd8nce ivith these requirements_ We t￿lIeve that Ihe audit e￿dence we havg obtained is suffiognt and apprapriale to pmvide a basi5 for (xjr 4)Inion. Matvrfal uncgrtalnty related to golng concern We draw attention to note 2.2 in the fina￿al ststements. which iNJicates trot there was a éefiat of £1.037.570 for the year erKled 31 March 2023 and nel liabil￿e$ of £3.885.702. Recovery from the CtrOna￿ruS pandtsmic and irtreasing costs have negauv8ly impacted ongoing the operating wsits"¢M and cash flow of Ihe Group aThY parg)t charioue company. As slated in nole 2.2, these events or condi￿on5. along *ith Ihe other rralters as set forth in the note 2.2, indicate that a material unc8rtainty exists Ih8-. may cast swJnific8nt doubt ffl th8 Group's (x the parent eharilable cornpan*5 ability to continue as a going concern. Our ry)inion is not mcMYified ￿ res￿ of thts matter. In auditing the financial statements. we have coThJuded thal Ihe Trustees. use of Ihe going ¢(w basis of accounting in the preparation of the financial statements is approprkqte. Our responsibilit'es and the resp(ffiSikn"l￿'es of the T[u￿ee$ wilh ￿pect to CO￿ are desuibed In the relevant sed¥)ns ol this report_ Page 7 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el IMDEPENOENT AUOITOR'S PEPORT TO ￿ MEAIBERS OF ACTIVE NATION UK LTD ICONTINUEDI Other inf0m￿￿On The oth8r infcKmation comprises th8 Informati￿ includ8d in th8 Annual R8POrt (th8r Ihan th8 finanual stal8m8nls and Auditorfs Rewrt thereon. The Twustee5 a￿ resp￿SIble fr>r the other nfI)rMatsL￿ contained wilhin the Annual Report. Our opinion on the financial st8tem&nis does nol cover other inf<)rm8tion and. ex(%pt to the extent othe￿iSe eXp￿￿tty ststed in Dur report, we do not express any form of assur8￿8 conclusion th8r8on. Our r8sponsibilty is to read th8 Other infomatK>n and. in doing 50. con5Kl8r whether the other inft>rmation is matenally incortsisient wath the finan¢rdl stattsments or our knowl&Jge ci)tained in the tr)urse of the audit. or otherwise appears to Je materially misstaled If we Identify sud) malaial Irthnsisterties or apparÈni material misstatements. we a IEquired to delertnine wkEtheT this gives rise lo a [TUte￿￿1 misststerTient in Ihe financral 51atemenis thernselvES. If, based on the kv(xk we have pèrforrned. ￿ C￿¢1￿9 Ihai Ihero is a nwierial misststemenl of Ihis other infortnabon. we a￿ rwuifyd lo report Ihal fact. VV8 hav8 llothlng to report iwb Ih15 regard. Oplnlon on other motterg pre$¢rlbed by the Companles Act 2006 In our opinion, bawl on the work uThJertaken in the course of the auditr. the infomiatKK) given in Ihe Trustees. Repod for the financial year h)[ whth Ihe finantsal statemwts are ￿pare(l is consistent with the finaneal slat￿entS. the Trustees. Report has been prepared in acgx)r￿ with ap￿iCa￿e legal requirements. Matter5 on whlch wo are requlred to rèport by exc•ptlon In the light of our kn￿￿edge aThl undÈrslarMlin9 of the tharilatrAe company and its en￿rOnmeTht c*>tainÈd in Ihe tourse of thÈ gudil. WÉ have not idenlffied malerkql misst8leMents in the Trustees. Rep￿t. We have nothiThJ to in respect ofthe in tebb¢￿ to whid) Companes Act 2006 requires us to rep)rt to you rf, in our oimnion.. the parent Charitable (x)mpany has not kept *lequale and actounting reLords. or rthms adequate for our audit have not been receided Irom branches not ¥isiten funds 11.027,9461 19.6241 19ffi241 9fft4 11,037.5701 {1,084,306) N•1 mov•mnt Sn funds 11.037,5701 11,037,570) (1,054,306) Re¢on¢ili&tion of fund$: Tot81 hjnds brou9hl forward Net tr￿lement in funds 12.848.132) 11.037.570) 12.848.132) 11,037.57LII (7,763,826) {1.084.306J Totsl funds carried forward I3.￿5.7&2) 13.885.702) (2,848, 132) The ConS￿lrIale4 Statem￿1 of Finaroal AcbvitEs l￿dudesaI1 gains and Ictsses rewgnkged in the year. The notes on pages 17 10 43 lomi part of IhÈse finanoal stalements_ Page11 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el REGISTERED NUMBER: 03072216 CONSOUDATED BALANCE SHEET AS AT 31 MARCM ZOZ3 2023 2022 Note Flxod a$$•ts Intangl￿e assets Tan91t￿8 ass8ts 12 14,000 231.950 25.000 13 198,242 245.950 223,242 Current assets stocks 15 173 38.788 Debto 16 1123.051 41Q700 1,316,551 615.495 Cash at bank and in hancl 1584,924 7.9TO.e34 Credit¢rs', amounls falliThJ due wrthin one year 17 15.7117621 j3,423,770) Net cunpnt liabilities 13,128,838) (7,452,536J Total assots lèss ¢uft•nt 1labl1l￿•s 11882,8881 (1.229.294) Creditcrs.. a￿allnts fal.ing due after rnore Ihan one year ProVish￿S for Ik8bilities 18 1800.0011 1202,8131 (7, 163,983) 1454,855) Nel Ilabllltias excludlng p￿￿10￿ as￿1 13,585,7D21 (2,848.132) Total not ass•ts 13,885,702) (2.848, 7321 Charlty funds Restricted funds Unrestricied funds 13.885.702) (2,848, 1321 Totsl funds 13.885.702) {2,848, 132) Page 12 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el REGISTERED NUMBER: 03072216 CONSOUDATED BALANCE SHEET ICONnNUEDI AS AT 31 MARCM ZOZ3 The Trustees aCknOw￿dge their responsibili￿5 complying wilh the requirements of Ihp Act ￿1th respect to acwjnbng record5 and preparation of financral stalements. The financial statements ware approv8d arvj aUth(￿s￿j ￿sU8 by lh8 Trus18e5 ar￿ s19r￿￿ on thwr b8half by.. DJ Hughes Date.. 14 May 2024 The notes on pages 17 to 43 lomi part ot Ihese finanual sts*ments. Page 13 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el REGISTERED NUMBER: 03072216 CHARITY BALANCE SHEET AS AT 31 MARCM ZOZ3 2023 2022 Note Flxod a$$•ts Intangl￿e assets Tan91t￿8 ass8ts Investments 12 14,000 231.950 25.000 13 198,242 14 245,951 223.243 Current assets Stocks 15 4&173 1121050 4147(￿) 38,788 1.316.550 Deblor5 16 Cash at bank and in hand 615,495 1584923 1,970,833 CreditCfS.' amounts falling due within year 157117621 (5.423.370) Nat current Ilabllltl85 13.128,8391 (1,452.5371 Total assets less cuirent Ilabllities 12,882,888) (1.229,294) Creditcfs.. amounts falling due after more than o 18 1800,0011 1202,8131 {7.163,983J 1454,655) pro￿￿￿)n$ for IK?bilities Net Ilablllties excludlng pe￿lon asset 13,885.7021 (2,848, 732) Total net agsd$ 13.885.702) (2,848, 1321 Charrty funds Restncted funds Unrestricted funds 13,885,702) (2.848, 132) Total funds 13,865,702) (2,848. 132) Page 14 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el REGISTERED NUMBER: 03072216 CHARITY BALANCE SHEET ICONTNUED) AS AT 31 MARCM ZOZ3 The Charily's nel movement in funds forthe yearw& 41.037.570} (2022- £{1.084:306)). The Trustee5 acknowl8dge their rp5FrfJn￿bl1iW f(¥ ￿[nPl￿ng wilh the requirpwnents of Ihp Acl KTlh rBsp8d ID atxxxjnting rBcord5 and preparation of financial Sta￿m￿niS. The financial statements We￿ appro¥ed aThY autrK*ised ts tssue by Ihe Trus*es and on their behalf by.. DJ Huyhes Chalrman Date.. 14 May 2024 The no18s on pages 17 10 43 lorm part of Ih858 finanu81 slat8n*nts. Page 15 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el CONSOUDATED STATEMEPIT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 22 Cash flows from oporating a¢tiviti•s Net cash used in operating actiwbes 427.212 1135.173) Cash flow5 from InYe5tlny actl¥Me$ Purchase of tsngible f￿e￿ assets 1200,8281 (77,663) Net cash used in invosting activitiès 12th).8281 177.6631 Cash flow5 from financlng activlt Repaymenis or borromng 1425,1781 P48,300J Net cash used in financing activities 1425,1781 124B,3001 Change in cash and cash equivalents in the year 1198.7941 1461.1361 Cash and cesh equivalents at tre beginning ol the year 615,494 1.076,630 Cash and cash ￿Ul¥*l0nts at th• ¢nd of tho ￿ar 416,700 615.494 The notes on pages 17 to 43 lomi part of Ihe5e finan(aal sts*ments Page 16 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 Genoral informatio The campany is a private company limited by guarantee incorporated in EngL4￿1 and Wale5_ fts r8gistered Office is Unit 1B Hatton Rock Business Centre, Hallon Rock. Stratf(Kd Up1￿ AVOD. Wa￿thh1re. CV37 ONQ. The TnJst88s listed in th8 aLwunts are also memb8f5 of th8 cunpany. In the event of th8 company being wound up, the liabilty in respect of guarantee is Iirnited kb £10 w mernbef ol the c￿npany. Accountln9 pollcles Zl Basi3 of preparation of financial ytatsments The financial 5tstewnents have been prepared in ac£ordance with Ihe Charit￿5 SORP IFRS 1021 - Accounting and Reportin3 by Ch3ritie5". Statetnent d Rec(Thmended Ptxtice aJp11cab￿ to charilies preparing their account5 in cor(Jance with the Finan￿al Reporbry 5tan(JartJ aP￿Icable in UK a￿j Republic of Ireland IFRS 1021 (effective 1 January 20191. the Financial Rep￿ting Standard applicable in UK aThd Republic of Ireland IFRS 1021 and the Companies Act 2006. Aciive Naiion UK Lld meets the defjnrt￿n of a public benefit entity under FRS 102. Assets and Iiats"Iites are Initially re(x)gnised al historical (x)s¢ ¢x wansarkn value ￿)￿$$ ther¥ffje stated in Ihe rekvant aco)unting pcAicy. The ConsolKlated Stalement of Finarrk31 Acti¥ibes ISOFAI and c￿S01K1aIed Balan￿ Sheet C￿S011dale the f￿anCIal slatemenls ol the Charity and ts sub&diary undertaking. The results of the subskaiary are COrts￿ldat￿d on a line by line b851S. The Charity has taken advantsge of Ihe exemption allowed section 408 01 the Curpanies A￿ 2006 aThJ has not pre5efit￿ tts ovffl Siatemenl of Fir￿n￿al Actrwties in these ffinanoal stste￿￿nts. Page 17 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng PDllcSes Icontlnued 2.2 Golng ¢on¢ern Th8 Chaity h85 d8vdoped a comprehensive 5 Year Plan airved 8t R8shapiry Recovering. and R8building ils oparations in response to the enduiing Itnpact5 of sgnfficant Increase in Energy Cost5. In the 2022123 financial year. the Organi￿￿￿ expenenced a 95°A n5e n enetyy Costs de5Wte a 35% redLKtioTr In c0n5urnp1￿n. During ihis period, the Chanty did not rec￿Ve any 5UPP(xt fti)tn gra￿15 OT furKJing towards eneTgy cost5 and thp resum ts the year bvas a dBficit of £1,037.51012022. £1.034.3061 and cwreni Net Lot*￿tIeS pogtion of £3.885.70212022-. £2.8A8,1?al. However, mutually otiated and agreed paymeni arrawents have be￿ establisW all key suppliers. Notably. income g￿W by 25Yo compa￿d to the prevws Fer￿. In April 2024. the Charity will Implement a new 2-year energy agreement. whKh is expected lo rfuce costs by 50° comparfJJ to syevious years, thus alle4iating some of the crisls-indu￿d burde￿. The Charity anlicipates retuming to a surplus positson within 18 rnonth5 throwJh fo(xtsed 8fforts in its c￿8 rnark8L Despite a *rsistentty thallerorg ecorK)mic clmate influenrA by 8xtemal factors, Ihe Ch￿ty maintains a robust trading tion, as evid8nc8d by consistenl FThJuct sales and strorg partI￿patiOn across all venues. This stabilty serves a5 a foundation for th8 orgaThSations finanGal standing. Ongoing efforts to oplimise expewvJttuE. ￿￿￿￿J1arfy ihrough 5eoJiirwJ cornkEtthve deals on energy and other high-value CDnlrac15, are a priority. Addihon3lly. a recent seni¢xtearn restrudure ha5 5treatnIin￿ operabon5 and reduced c051s. The Trustees *Kno￿ed9È I￿S￿)n￿an( urtertainties surr)vemment Futhgh Grants a￿ rec(yJn¢ed In Ihe peric#J of ents"Uement. Donai8d servK%S or facilth"e5 ar8 r8ccMJnB8d when ￿ tharity has ¢x)ntrol i)v8r th8 itam. any coTrditions 8ssouat8d with the donated Item have been rn2t. the receipt of economic bÈnefit from the use of Ihe charity of the itern is probable and the economic benefit e2n be measured reliabty. On r8cgiol. donat8d F¥ure5s￿al 5erwces at¥J ar8 rewni5ed on the basi5 of the ￿alue of the gift lo the Charity which is ilie anKKJni IL would have bewi willing 10 pay Lo oblaiii serVI￿S or lacilities of equivakni ecoTioinic L)enefil rxi the open maket., a corresponding arrK)Unt 15 1hen ￿ni8￿j in expendituie in peiKwJ of rerript. Income tax recoverable in ￿lat￿)n to donab.ons recei%£d Gift dee(Is of covenant is rewnised at the time of the oonaih)n. Other intome is ￿￿e￿niSed in the pÈrrxl in whth it is re￿￿dtrAÈ lo the exiÈnt Ihe gorxls have bèen provided Dr on completion of the semce. 14 EXpendI￿re Expendi￿r8 15 recognis8d ￿cE th8r8 is a legal w CO￿1[Uc1￿8 otAuation lo Iransf8r econornic b8rTrefrt to a third party, it is probable that a transfer of economic benefts VAII be required in setuernent and the amount of the 0￿JgatiOn can be rneasur￿ relraLly. All expew¥Jtture is accounted fot on an accrual baE45. The cosi of geneotirvj lunds includes the costs of irr(me contract generab.on and the ￿$t ol sales of Ihe toding subsidiary. Ch￿table expendilure is the cost of activties in fvttherance of the Chantys objectives mcluijiw mana9ement and ancillary ac11vit￿9 al the spclts fadilEs which a￿ ¢weiated. Cost of generdting fuThls are eAculated as a percent&Je of wages and salaries and ass￿l8ted cost8. Cost of S3￿$ is Ihe ¥￿ue of bar c*ring wrcN4ses Inrjuding delwery. Included wthin g0vevw￿nce LY)Sts are supwrt costs and management and adrninistiation expense5. Support costs ale alculat&l as 80% of adrnini5tr8bve eXp￿dItUre. 100% of support services cosls and 100% of legal costs. Man8gement and adrrinistratKin costs are ralcuLBt8d as 20% of administrabve eXp￿)ditUr8 and I￿% of audit and accountancy costs. Page 19 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng PDllcSes Icontlnued 2.5 Government 9ronts Governmenl grants relating to tangitAe fixed ass8ts 3r8 treated as deferr￿1 income and released lo the Consolidated Slaternent of Financial Activities over tie expELled uselul lives of the assets concerned. 0￿er grants a￿ credited to the Consolvkted Statetnent Df FI￿n0a1 Acbwbes as the rdated expenditure 15 i1￿u[ted. 2.6 Int8re5t receivable Interest on fuThYs held tm depo&l TS Tnckjded when receivable and the anYMJnl can be measurÈd reliab￿ by the Gr￿p". this is norma ly upon Trolific8th)n of the inleiest P8*Y or payable by Ihe Institut￿ with *ttom the fvnds are deposite£l. 17 Taxation TFie Clidrily i¥ Uln&Kleted Iu VdSS ilie IEsls sel uul iii Pardyid￿l 1 SdIedul￿ 6 uf i1￿ Fili￿lL8 ALI 2010 diitj Iligipfure il meet5 the deliriknon of a tharrtable cixnpan) lor UK c(xporation tax purwses. AcCOrdi￿lY, the Charity is potentially exempt from tayalion in respect of in(xxlle or Ca￿tal gain5 rewved wthin Iztegories (x)vered by Chapter 3 Part 11 of the Cwration Tax Act 2010 or Sect￿￿ 256 ofthe Taxat￿ of Chaigeable Gal￿ Act 1992. lo ihe 8x[￿t that such incown8 or ins are applied exclusvety to charitsNe purpose5. 2.8 Intanglble ass•ts and arnortisalion Intangible assets a￿ captalk%ed and re¢ogntsed when futu￿ econom￿ benelits are probat4e and the cost ￿ value of the asset can be rneasure(I reliably. Intangib￿ assets are In￿allY r8c(yJnis&l at cosi After rec￿yrIllC￿. under Ihe cost nMJd81, Irtarylb￿ assets ar8 measur￿1 at cost less any accumuLqted 8morbSatiC￿ any ￿￿M￿laLA￿ impairr￿t k)sses. ArnortisalK)n is provided on Int8￿j1￿￿8 as58ts at rdtes rakxjlatsd to wrtt8 olf the cost of 8ach 8S58t on a straight-lin8 basis over its expected useful lrfe. kn0rt1sat￿n is provid8d on the ftAk)wing ba￿." Goodwill low of life of assets15 years) or rernainirKJ life ol Intangibb a5sels lower of lrfe Dfa5set1&5 years) ￿ retn3ining lrfe of cC*)tr￿t 19 TangSble flxed assets dewe¢latlon Tangib18 ffix8d 8SS8ts are cspitali58d and rgc(*Jni88d when fulure 8con(￿1C b8n8fits ar8 prcl)ab18 and th9 or valu8 of thè ag$Èi can be mea$wed reliably_ Tangible fixed ￿set5 intliaiy rvwnised at cost. After reu)gnilN)n, under the cost rn1￿1. tangible fiK&d as5els are tDeasur8J at C05t less accumLlated deprscvabon and any ac(yJmuL*8d impairrnenl k)5S8s. ￿1 costs incurred to bring 3 tsThji￿e fixed asset into its intended worknn9 condilNM shtyJkJ be induded in Ihe me8surement of ecet Page 20 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng PDllcSes Icontlnued 2.9 Tanglble flxed assets dewe¢latlon {contSnuedl Dwaciation 15 charged so as to alkxat8 Ihe cosl of tangibl8 fix￿1 ass8ts ￿S th￿r residual value over Ih8ir eslim8t8d lul lives. The estimatèd usÈful Iwes are as fdkn•s". Buqding improVen￿ts -lower of lrfe ol assei1>15 years) or renlaining life ol )Ira¢t - low&r of lrfe of assel12-S years) or remainir%J life of )tra¢t Office and m8iOf W4uipM￿l 2.10 Inveslmenls Investments in subsidKgri8S 8re valu8d at cost pr(Msion imparm8nt. 111 Slocks st￿ks we valued at the lowei of cost 3tYJ nel reall5ab￿ value after tnaknng due allowan￿ for obsolete and slow-tnoving slod(5. Net re31i53ble value 15 on estimated sellng Pri￿ Ip55 re￿vant selling cost5. Cosi of is ¢akulated on a firsi in. ffirstoJt t￿"% exdudiry VAT. 112 Debtors Trade atKJ other debtors are Trcognised at the settlÈment amount after any tr&le discount offered. Prepayments are valued al the amount prepaKI n&t of any trade dISc￿￿S due. 2.13 Cash at bank and In hand Cash at bank anij in hand ind￿185 arKJ 5hort-term hwJhty liquid inv8sbv8nt5 wlh a short m8twty of thre8 tnonth5 or less from the date of acquisilion orowing of the deKKwt or simiL8r acc<¥Jnt. 114 Llabilltles Liabilities and KWOViSk)ns a￿ r￿n1￿ %then there ￿ an oblwJation at the Balan￿ Sheet date 8$ a result of a past evenL it is proba￿9 Ihal a transfer of ecmyfiic ￿neffit will ￿ r8qured in setllernent. 8ry1 Ihe ar￿Unt of tl* setrfarnent C8n be estimated reliabty- Liabilities are re￿nISed 8t th8 amount Ihat the Charty articipates it will pay to $81118 the deb1 or tth8 amount it has receivèd as advanted payments for the g(xxls or servts$ It rrust prowde. 2.15 FlnancSal Instruments The Group only has finawal assets arKI fin&ntial liabilibes of a kind that .4ualify as basic finantial insttum8nts. Ba81C financial instrum8nts aTr initially recognis8d at trawwctIL￿ walu8 and subs8quenWy wn8a5urad at their settl8m8nl value with the excepiion of bank k)ans which a￿ sut.sequerty Measu￿ at aft￿lSe￿ cost USiThJ ihe effects.ve interest method. Page 21 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng PDllcSes Icontlnued 2.16 FInan￿ leases and hlre purch Assets cbtsin8d under hir8 purcha58 c￿traCt5 and finan(x ￿8s85 ar8 capitalis8d a5 tsngib18 fix8d as88ts. Financ8 lease5 aT those where substantrally all of the benefts and wi5k5 01 ownership are a5sunEd by the Group. Obligations under such agieerTrents are Induded in Creert￿5. t￿t of finance dwrge allwated to futu￿ pe￿ds. The finan plernent of the rental payment 15 charged lo the COn￿lIdated Staternenl of Financièl Aetivities so as tts wduee a constant perK)d￿ rdiÈ of charge on net obloatw)n outstartiThJ In each penod. 117 Op•ratlng l•as•s Rentsls pai¢ under operab.ng kases we charg&J lo Ihe ConSdhjat￿ Statement of Finanoal Activities on a stravJht-line b8sis over the ￿se lemi. Benefits reGe1V￿ and recwvatle as an inGenthve to sun an operating lease are refjognised on a straight line ba¥is over tha perK￿ until the ijate th8 rent is exp8Ct8d to be adjusted to Ihe pr84ailing rna￿et rdt8. 118 Pensions Pension costs ITh respect of contributi)ns made by the cornpany ttr rnoney purchase pe150nal pension 5chernes afe Charged lo the statetnellt of ￿n3￿la1 ar1￿[beS 35 InlyJ￿e￿. The Group operates a defined benefits penswj) scheme. The sd)eme is a mults"*rnplo￿ il is not possible, in the rK)mial ts￿r$e of events. lo identify on a o)nsistenl and reasonable basis. the sh¥e of underlying assets and lia￿litIeS bglonging lo individual partiCiP8ting empk)yers Therefore. the Gr￿p accounts f(* this scheme as if it was a defin8d contribuknon scheme. The amcunt dkn-rged lo Staiemenl of fInar￿la1 activilies inccKprKating income and expenditure represents c0ntn.buti0￿ payable to the thme in respect of ihe acrx)unting Feriryy. 2.19 Irrecoverable VAT The majority of incoming resol￿ are eXe￿p1 Ir(xn VAT resurtirYJ in the Charity being unatAe lo recover all the VAT pU￿ase5. The prO￿lon ol disalbwpd VAT B LzkuIat￿ warterty aTvJ annually be a r[￿hOd approved by HMRC and 15 induded wtthin tharitable exterKJiture Mthin ￿ll¥rtieS in lultheTrn￿ of Ihe Chatitys objeLlive5. 120 Fund accounting General hjnds 8re unrestr￿ed fun(ts which we avaiLqtAe lor use at thè di￿retion of the Trustees in furtherance ol the gèneral objedives of the Group and wbith have not been deyonated for other wrpctses. Restrict￿1 furKls are funds which are io in ￿Cordan￿ with speufic restricb'ms imposed by donors or which have tEen raised by Ihe Group for particular pU￿￿)SeS. The costs of rat51￿ and aministeritVJ such fvnds are charged against thg speoific fund. The aim and use of e￿h reS￿¢ted fund is Sel in Ihe notes to fin¥nu31 st8iements. Page 22 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 CrStlcal ac¢ountSng •stlmates and weas of ludgm81)t In the appli¢ation of Ihe Companys accounting policies whith are dewbed above, managemenl is required to make e8tim818s. judgments and a&%umptions ab¢xJt Ih8 rarrying v81u8s of assets and liabilit￿S that 8r8 not readily appar8nt from oth2r sources. The eslimates 8nd under￿.￿9 assurnptions are based UP￿ historical expewi8nc8 olher f￿tOrS thai are consider8d to be relevant. Adual resulls rnay differ Irorn these estirnates. The e5titnates and UWKlerlying assuTllPtion5 are tewewed on an ongoiw bas￿. Rewsions to accountiny estimztE5 ale recognised in '.he perKxl in whirh IhE estimate is re4i5ed if affects only Ihal period. or in thE pericKI of thE ievi5iOn and fu￿re per#)ds il the revigon afte¢ts tx)th curwtand fuijre perirmts. Cdlical accounting estimates and assumpts"orts- There are no sources of estimation uncertainty that a siwif￿￿n( effect Df Ihe amounts recognised in the financial staten￿nts. Income from charitable activities UnrestrKted fund6 Total lund8 Tot. 2023 2023 20 10.782.321 8,796.282 Man8gemenlAcbVi￿'eS 10.782.321 1,030,484 1,036,424 Sw)rt& Subsidy frotn L(￿41 A￿t￿rity 1.030.484 Total Z123 11,812.805 9,83?.706 11.812.805 Total 2022 9.832.706 9.833.7(P6 Page 23 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 Income Irom generating UnresIr￿t•d funds 2023 Total funds 2023 Tot. 20. 258.294 761,031 Income from Anolliary ActNth"es 258.294 Tol812022 161,031 161.031 Incomè from non tharitablÈ tradiry actkntiÈs Unrestricted funds 2023 Total funds 2023 funLIs 202 Torridge confftt ino)rne 122.691 122,691 Total 2022 Othw income Restricted funds 2023 Total funds 2023 Tot, fun, 20. 2023 Car park. dryers Funding Ev8llts 1.350.270 1.350.270 741.566 150.811 126.370 277.181 1, 166,990 7.840 7.840 4.445 Loss of incorne claim 526.560 526.560 Total 2023 2.035.481 126.370 2,161.851 1.913.001 Total 2022 1.301.273 617.728 I,973.￿1 Page 24 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 Othtr Income Icontlnuedl Within unrestrided fuThling £nil 12022 _ £22Q,6091 reLqtes to GDvemmenl Furtough Scheme and £nil 12022 - £329.6531 locAI support, restart grants and other fvnding. Within restrict￿1 funding £126,370 12022 - £125.156) r81at8s lo Hdiday and lor￿j grants and £nil 12022 - £486,572) relates to Nati￿al leisure recovery lunding. Analysis of expenditure on charitsble activities Summary by lund typE Unrestrl¢ted funds 2023 Restrl¢ted funds 2023 Total 2023 Tol8, 202 Chantsble expenditure 15.256.812 135.994 15,392,806 12.991,044 Total 2Ct22 13.997.044 72.997.044 Sumwry by expendlture type Staff costs 2023 Other costs 2023 Total 2023 Tot8 Charitable expendiluie 7,058.159 8,334.647 15,392,806 12,991,044 Tolal 2Ct22 6.06&926 6.925. 11 12.991.044 Page 25 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis ol expenditure by activilies Ac￿¥￿￿eS undÈrtaken directly Support costs 2023 2023 Total funds 2023 Tolal funLIs 202 Chantable expendiiure 13.787,574 1,605,232 15.392.806 12,991,044 Total 2Q22 11.790.395 1.200.651 12.991.044 Analysls of dlr•¢t ￿$1$ Total funds 2023 Total Funds 2022 2023 Staff costs 6.916,997 6.916.997 5,944,606 Ag8ncy,IExtemal Staff rravd & sub5islenGe 373,128 373.128 346,928 105.167 105.167 60,615 2.501.2 2,501,299 1.255.667 Esta￿lShrtEnI 1,523.92Q 162295 1.523.920 2.229,274 98,625 Markèting SÉNice Charges Insuranc 162.295 164.255 164.255 167.507 236.357 236,357 924.120 ITT.251 Irrecovefable VAT 924.120 774,630 Sundry Exp8ns8 Rates & rent 10,115 10.115 13,018 1n,504 173.504 57,988 LI￿nceS 184.343 184,343 120, 143 Local Ajjthority Paym8nt 512.074 512.074 543,541 Totsi 2023 13.787.574 13,787.574 17.790.393 Total ￿2? 11.790.393 11,790.393 Page 26 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 Analy813 of expand5￿1￿ by actI¥lti￿ l¢ontlnu8dl Analy$i$ of $upport costs Total lunds 2023 Total lun¢Js 3Q22 2023 staff (x)5ts 141.1 141.163 14,315 3,253 121,377 70, 729 Agency,'Extemal Staff Trgvd & subsislen 14,315 3.252 1.875 76.741 76.741 54.927 38,635 54,879 Estat￿iShment Mark8ting Service Charges Insurance 5.019 5,019 3,050 3.352 3.3S2 3,479 7,310 7,310 5,482 Sundry Exp8llS8 Rates & rent 312 313 403 1,7 1.753 586 L￿n 5.701 5,701 3.734 Admini5tratK)n 710.471 710.471 499,737 222.807 Legal & Profess￿nal Audit & Accountsncy Cost of Sales d8n¢illary a(awibes 2d9.825 249.825 .746 9).746 59.381 240.343 240,343 174,417 Totsl 2023 1.605,232 1.605.232 7,200,651 To1812022 1,2W,851 1,200,651 Auditorfs remuneration 2023 22 Fees pay2ble lo the ch￿11￿$ auditorforlhe ￿￿rt of Ihe Chanty's annual acmjnts ),746 59,381 Page 27 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 Stsff costs Gmup 2022 Chaflty 2023 Chanty 2022 Z023 Wage5 and Salar￿5 Social security A>sls contribut￿ to defined cOntrib￿th s¢hwEs 6.521802 5.621,277 .l72.71 6,522,802 5,621,277 .7.72. 71 399,91¥ 399,918 135,439 111.932 135,439 171,932 7,05Q159 6.065.925 7,058,159 6,065,925 The averagB nurnber of PBrsons pmployad by Ihe Cl¢rity during Iho ￿rWaS as lollows: Group 2023 No. Gw 2022 Chariiy 2023 No. Charity 22 No. ServiTr delivery. dire(I 5UPPQrt Supwri Managernent and 4dtnini5tration 493 493 504 The avera￿ headcount expressed as fu1l4iTr￿ equivaknts %*as.' l>oup 2023 No. G￿￿p 2022 Chartty 21J23 No. C17&nty 2022 Service delivery. direct support Suprx)rt Managernent and adtninistrab'on 255 255 200 211 266 271 Page 28 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 10. Staff costs {continuedl The number ofemployees whose em￿oyee benefts (excluding emrAoyer ￿n￿on costs) eX(￿ded £60,0￿ was.. Group 2023 No. Group 22 No. In the band £80,￿l- £70,000 In the band £80,(X)1- £9),000 In the band ￿.￿1)1- £1(KJ.OOD Total gross pay including sooal security Costs of key management %sas £396.32712022- £4T6.6291_ The pension contributions madg by th8 employer on b8half of Ihe key Manage￿nt £1L.97312D22- £16,2211. Trustses. rernun8rallon and expenses During ihe year. no Trustees r￿1V￿j any ￿mUneratioN {2022- £NIL). During the year professional indemnity Insuran￿ the TrL6tees lor up to £2.0￿.￿0 was in pla￿ at a cost 01 £2.960 12022. £4.2441. During ihe yearended 31 March 2023. no Tr￿stee expenses have been 1ncwrr￿y (a122- £NIL). Page 29 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 12. Intanglblo assets Group and Charlty Goodwlll Cost Al 1 April 2022 79.121 At 31 Marth 2￿23 79,12 Amortlsatlon At 1 ApDI 2022 Chargefor th8 year 54.121 11,000 At31 Marth 2￿23 65,121 Net bty)k value At 31 Marth 2023 14,000 At 31 March 2022 25.000 Page 30 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Tangible fixed a55ets Group and charity OFfice and major uipm•nt Building wnwovomonts Total Cost or valuatlon At 1 April 2D22 Addib'ons 1,072,991 2.166,398 3,239,367 27.161 173.667 200.828 Oisposals 118.6771 118.6771 At 31 htsrch 2023 1.11x1.152 2,321,386 3,421,538 Depreclatlon Al 1 April 2022 Charge for Ihe year 1,029,410 23.342 2,011,ns 125.101 3,041,145 14B.443 At 31 hM3rch 2023 1.OS2.752 2.136,836 3,189.S88 N•t book valu• At 31 March 2023 47AOO 184.550 231,950 At 31 Al?￿h 2022 43.581 154,661 198,242 Included wbthin offi¢e major eouiwnent costs a￿ assets hek1 under ￿n￿ce leases. At the year end t￿e assets had a net book vaue of £nil12022- £1.4831 Page 31 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Fixed a55et investments Investments in subsidiary mpanl8s Charity Cost ￿ valuabon At 1 April 2022 At 31 March 21r23 Net book valuè Al 31 March 2023 At 31 M8rch 2022 Prlnclpal SU￿dIa￿a8 The folbwiw was a Sub￿diary undertakiThJ of the Chantr. Narne Company number Princppal activity Class of shares Holding AGtiye Nation UK T[￿ing Limit In¢lud¢d i ¢on$olldatlon ordinary 100% Yes The financial result5 cl the subgdKWry for1he year were.. Name Net liabilities Actlve Na￿on UK Trading Llrnlted 90.108 Page 32 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 Stocks Gmup 2022 Chaflty 2023 Chanty 2022 Z023 Finished goods and gwds forrssa 173 38,788 45,173 38, 788 16. Deblor$ Charlty 2Q23 Charrfy 2022 2023 2022 DUÈ wlthin onè yèar Trade debt(xs 199.385 S57.229 271.031 199.385 $57.228 277,031 528,277 517,242 Otrer debtors 528,278 517.242 Prepayments and accru￿ income 1.366.437 1.366,437 1121051 1.316.551 2.123,050 1.316.550 17. credit￿$. Amounts falling due ¥￿thin oneyear (knp 2023 Gnwp 2022 Chartty 2023 Chafryty 2022 8ank loans 35&555 355,555 355,555 355,555 Trade creditors 2.977.578 147.902 1417 68,358 1,571.7 119.742 2.977.578 147,9)2 5,417 68,358 7,577, 700 119, 742 66,614 64.974 Other taX8tiC￿ and soaal se￿￿ty Finan￿ Lease5 66.614 Oih8r creditors 64.914 Accruals and delerred incLme 2.15&952 1.244,845 2.158,952 7,244,645 3.423,370 5.711762 3.423.370 5,713,762 Page 33 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Cr•dlttys: Amounts lalllng aft•r mor• Ihan y•ar ¢knp 2023 Gmup 2022 Charity 21J23 Charity 3022 8ank103n5 8110.1101 1,155.556 8.427 800.rK11 7,155,556 8,427 Finance Leases 1, 163.983 100,001 1. 163.983 800,(A)1 Included within the a￿ve are amunts tslling asfolkms: Gr￿P 2023 Group 2022 Ch*rty 21J23 Charity 2Q22 B8twe•n one and two years 8ènk loans 355.569 355,555 355.S69 355,555 Be￿•en two and five years Bank loans 800.(￿1 444,432 800.001 The total amount withn bank loans rdate lo a CBILS Business Loan of £1_Mi In response to the economK issues incurred with the Covid 19 Pandemic and was recewed in June 2020 from NatWe5t Bank Hc. Loan rep8yn*nts beggn in January 2022 and 8re for 54 rnonths wth int8r8st charg8d at 3.37QA pw annurn. Th8 bank loan 15 5ecur8d ty way of an unfiThited deb8Tltur8. with fixed and floats"rKJ charges OV￿ the companls assets. Page 34 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 Financial inslwments Gmup 2022 Chaflty 2023 Chanty 2022 Z023 Financial a5set5 Financ￿1 assets rneasured at amortised cost 1.17&786 1.414,804 1.175,786 1,474,814 ¢knp 2023 Gmup 2022 Chartty 2023 Charity 2Q22 Financial liabilitiès Financrdl liaknliti8s rneasur8d at IT￿riE8￿ c05t 430&￿9 3.222.766 4,206.￿9 3,222, 766 Financial assets and Iiabilths a￿ measure¢Y al amwhsed ¢osL Fnawal assets is made up of bank. trade debtors and other debtors. Financhql liabilities are made up of bank k)ans. I￿1& Creditc￿S. other uedrtors and financ2 leas8S. 20. Provlslon$ Group Onerous 18ases At 1 April 2022 Amounts ￿VerSed 454.855 1252,0421 202,813 Charity (knerous leases Al 1 April 2022 Amounts reversed 454,855 1252.0421 202,813 Page 35 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 21. Deferred income Grwp 2022 Charity 2023 Ch8rity 3022 2023 D&fÈtréd incomè at 1 Apnl 2022 Income deferr￿ during the year Amounts ￿leaSe￿ prewoLJS peric 605,406 488.464 605,406 1,053.187 14M4641 488.464 1,053,187 1488,4641 488,464 (605.4061 1605,4061 D818rrEd income al 31 March 2023 1.053,187 488.464 1,053,187 488.464 Oefetr8d income at 31 March 2023 is made up of £876.737 12022 - £395,093) advance mernber5hips. £145,566 12022 - £38.8061 advar¢gd tthkiThJs and £40.88312022- £54.5651 ofother inwne. Page 36 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 22. Statement of fvnd5 ststement of fund$. ¢urr¢nt year 8alancÈ at 1 Awll 2022 Transfers Inlout Balance at 31 Ma￿h 2023 Income Expendhure Unrestricted funds Generd Funds- all fuTrls 12.848.132) 14229.271 115.2S7.2171 19.6241 13.885.702) RoStrf¢tod fund$ Holiday actIv￿eS and food grant 12Q371J 1135,9941 9.624 Total of funds 11848.1321 14.35S641 115.393,2111 13.885.702) Stat•monl of funds. prfor y•ar Ba18nC8 8t Expendilts￿ TtsftsTe￿ iWout 31 ZL122 14)nl 2021 UnTestd¢ted funds General Funds- all fU[￿S .163.826) 11,29&070 {12,991.(M41 611.728 {2,848, 132) Rostrided funds Holiday activities and f￿d grdnt National leisure reCA)V￿ fund 12& 156 (125. 156) (486,572) 486.572 617.728 (611,728) Total of funds ,763.826J 11.90& T38 {12.991.0441 {2,848, 732) Page 37 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 23. Summary of funds Summary offunds- current yÈar BalancÈ at 1 April 2022 Tran$feTS inlout Balancts at 31 Ma￿h 2023 In￿Me Expenditure GenetJ funds 11848,1321 14229.271 115.257,2171 1135.9941 19,(241 9,624 13.885,7021 Restdcted fund> 12437 IIB48.1321 14.3SS641 11S,393,2111 13,885,702) Summary of funds- prioryear Belan¢e 1 ￿rNI 2021 8alan¢e at Expenditure Transfefr? inlotjt 31 March 2Q22 General funds (Y,763.826) 11.29&010 {12.991.044} 611.728 (2,848, 732) Restricted tund5 611. T28 (611.728) .763.826) 11.90&738 {12.991.0441 (2.848. 1321 24. Analysis of assets between f￿￿5 Analysis ol r￿1 a55ets be￿ttn fund5- current year Unrestricte funds 2023 Totsl funds 2023 Tangibl8 fixeij assets Intangible fjxed assets Curont assets 231.950 231.950 14,(X)O 14,000 2.584.S24 2.584,924 Credilots due within one year Creditors due in more than one year Provisions ftx IKabiliti8s and charges 15.713.762) I6￿?,Coll 1202.8131 15.713,7621 1800.0011 1202,8131 Total 13,885.7021 13,885,702) Page 38 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 24. Analy813 of net as8•ts botwetn Iconli•)ut Analy$is of ret a$$ets belwten fvnd$- wloryear UnTrstrtcted runds 3022 Total funds 202 Tangible fixed assets Inlaroible fixed assets Current as3ets 198,242 198,242 25.000 1,970,8J5 {5.423.370J jl, 163,983) {454.e55) 25,( 7,970.835 (3.423,370J (7, 163,983) 1454,055) Creditors due within one year Creditors due in more than one year Provisons for I￿￿litIeS and charges Total 12.848. 137) (2,848, 131) 25. Re¢on¢lllatlon ol net mo¥emw)t In funds to net cash fl¢M from *)peratlng acil¥l Group 2023 Group 2022 11,037,570 (1.084.306 Nel expendrture for the year las per &atement of Fina￿181 Ai*¥NEsl Adjustments for. Depreci8tion darges Loss on the sale of fixed assets 159,443 18,177 16,3851 1808,9741 2,354,063 1252,0421 290, 100 Deue35ellincrpa5BI in 5todts De¢reasellincreasel in deblors Increasè In crediiors 5.608 171,896 20,674 In¢reaselldeueasel in prowgon fw liabilit 454,855 Net cash prowded byllused in) opernting activitie5 427,212 1135.173) Page 39 ACTIVE NATION UK LTD IA Company Urnlted by Guarart¢el NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 31 MARCH 2023 26. Analysls of cash and cash •qulval8n¢s Group 2023 Group 2022 Cash in hand 416,700 615.494 Total cash and cash equlvalènts 416.7(10 615,494 27. Analysis of Ghange5 in npt debt At31 Ma￿h 2023 At 1 April 2022 Cash fftows Cash al bank a?d in hand 615,495 13S5.SS51 11.155.556) 175,0401 1198,7951 416,700 1355,5551 180D,I)011 15,4171 Debt due within 1 year D8bt due after 1 year Finance 18ases 355.555 fj9,fj23 1970.6561 226.383 1744,2731 28. Contingent Ilabilllles The Th￿tract the ch￿eY stM)rls (wrtre cKxnplex end￿1 n Septembei 2020. where the running of the site was handed baGk lo the council. The charity is still in nég0batm￿S ￿th the