2024-03-31-accounts

REGISTERED COMPANY NUMBER: 03319069 REGISTERED CHARITY NUMBER: 1060896 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2024 FOR BOROUGH OF HAVANT SPORT AND LEISURE TRUST

BOROUGH OF HAVANT SPORT AND LEISURE TRUST coKrENTS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees 1to6 Report of the I￿lependent Auditors 7t09 Consolidated Stalement of Financial ActivitEs 10 Consolidated Balance Sheet 11 Consolidated Ststement of Cashflows 12 Notes to the Finanrxal Statements 13to32

BOROUGH OF HAVAKf SPORT AND LEISURE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustee Board of the Borough of Havanl Swt and Leisure Twst (Ihe Chaiity.) are pieased to present their annual report and consolidated financial stat8ments of the Charity and its subsldiary for the y&ar endlng 31 March 2023. These are also prepared to meet the requirernents for a dir8Ctors' report and accounts for Companies Ad ￿rp￿s. The finandal ststements cLJmply with the Charities Act 2011. the Companies Act 2006. the Artlcles of Associauon, and Accounting and Rewrting by Charities: Statement of Recornm8nded Practice applicable to charities preparing tsir accounts in acujrdance with FinancAal Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (8ffectiV8 1 January 2015}. Our purposes and aclivities The purposes of the Charity are: to provide fulty inclusive access at affordable prices to sport and leisure facilities: and to help improve the health and welkbeing of the community The principal obj8Ct of the Charity is the provislon of sebvices and fa¢iliti8s for recreation. physical and other edu¢xtion, or ￿lsUre time occupation in the int￿eSts of soual wetfare. The Charity's vision is 'Inspiring healthier. happier communities.. arKI Horizon is Committed to ptovlding best-value 18isur8 centres that are accessible to all. The relattonship with Hwiant Borough Council is Integral to Horizon's futu￿ strategic dir8Ction. H￿7zOn are suppjting the council in develoring an Active Wellbeing Strategy for the BoroLNJh, vthich will clearly illustrate both partners will er￿Urage &llve and healthy lifestyles for Focal people. In twms of the trading subsidiary, the amin undertaking Is the provision of food. bwerages, and retail in th& leisure centres operated by the Charity. wilh proffts gift-aided Inlo the Charity annually. The strategies employed lo achieve The Charitys aims arKI d>iectives ae to.. Provide high quality leisure and 5POrt facilitres. Develop an Active Wellbeing servi￿ which is accessible to all sections of the lo¢al communty. Offer a varied programme of activities (sporting and nLTrsporfng} vthich er)courages use of the Centres by all $8Ctions of the ￿Mmunity. Provide activities at prices affordable to members of the ￿rnMunty. Provide a bvlde range of activities to encourage all sections of the community to parbcipate in heath and v￿lIbeing activities; and Continuously review the range of activities to ensure that these meet Ihe evolving needs of the local community. Horizon ￿￿11 continu8 to evolve. and the future of provlsion will change to be more aligned wilh other health and w811being providers. Horizon will begln to consider co-lo(xted SeN￿S and the introduction of the integrated heamh and wellbeing S￿eMs to redu￿ health inequalities and maximlse prevention of spedfic health conditions. <￿er the last year. stroro partnerships have been fomied the NHS and Sfxial Prescribers, Hampshire Mind and Havant Bor(wh Council's Communty Team to enhance targeted community Fryramme&

BOROUGH OF HAvAKf SPORT AND LEISURE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Communlty Health and Wèllbelng The Charity has had a parkn￿ladY successful year in its Community Health and Wellbeing Pr(JJramm8, with over 600 people enrolled in our HeaHh Referral scheme. illustratitvJ increased woagem8nt and cornmitment from local residents. In partnership with Hampshire County cou￿11, Horizon la￿ch&￿ a Tier 2 Weight Managemenl p￿￿rarnme tsrgeting women. This ftjnded programme has been hugely successful. antering its 15th hort, and has seen FX)sitive resulls in temis of weight10s5, improved confidence. and motivation to 18ad more active lifestyles. With additional fundirg. this prcuamme demonslrates Horizon's abilty to d81iver effective health intervention prqects for local peoFIe. Horizon has a wider Social Value of over £7 million. refieds its ¢ontril)ution auoss four key areas: health. eduGation, wdlbeiTrJ. and crine reduction. Horizm also dellvers numerous comrnunity- based classes, Mnging physical acllvty out into Ihe Borough. Targeted pr(y3rammes, such as stroke rehabilitation. Escape Pain, and falls Kyevention, provide invaluable support for p80ple with greater health needs, helpirg them to maintain and impn)ve their quality of life. The Wellbeing Hub One of Horizon's stsndout achievements has been the establishment of the WellbeirKJ Hub. a pion8ering prqect and the first of its kind in the UK. Launched In May 2023 at the Meridian Shopping Centre in HavanL this Hub represenis a significant stèp forward in tskirvJ health and wellbeing services directly into the heart of the comrnunty. The Wellbeing Hub offers a wlde range of h8alth checks indudlro bl(x)d pressure, cholesterol. and glucos8 testirvJ. reachlry nearfy 2,0(K> people since its iryition. It also provides vis￿015 with an 8-W8ek supported exercis8 pffyJramme. ensUrir￿ long-temi aJherenc8 to PEalthier lifestyle chotces. This Initiative is designed to bettw connect ¥￿th ￿IdentS. encowaging Ih8m to take their first steps towards a more active lifestyle. The Hub has gained natitThl recognition and is a finalrst in the UK Activ8 Naiional Awards for Communlty Project of the Year. further demonstratlrvJ ts impact armj success in ervJaging the local ¢ommunty In health and wellbeing activtties. Horizon Gulldford Horizon Guildford c818brated rts one-year anniversary in June 2024 and has quickly become a vital part of the local communty. Thls facility, which opened f0tl0￿ryrrfj 8 £1 millicn Investment, offers higwuality health. fitress. S•virnming. and spa Serv1￿$. Over 2.0(Kl members now benefft from the services al Ihis lo¢alion, contribuling to Horizon's broader d)aritable objectives and eXp￿dIng its ￿ach beyond Havant. Guildford's success has reinforced Horizon's capability to deliver sigThficant social Impact in new areas, providlng innovative and accessible heath and wellbeing services.

BOROUGH OF HAVAKf SPORT AND LEISURE TRUST REPORT OF THE TRUSTEES FOR THE YEJR ENDED 31 MARCH 2024 Swlm School Horizon's Swm Schod continues to be orE ￿ the Charivs most successful programmes. With over 3,200 people now leaming to swim across Ihe Iwo centres. the programme has grown by 37% year on year. n 2024, HorFzon is planning to roll out Swim England's nat￿nal syllabus for teaching swimming. This transition ￿11 further enhance the qualty of the programme. ensuring that parti(apants ar8 taught to the highest standards. ￿1¢h will support the continued grry4vth and success of the Swim School. Strategic planning of spac8. incr8as8d occupancy. and effeclive svAmmer progression have all contribu18d to this impressive growlh. Future Developmerrts Over the next 12-18 rnonths, Horizon will place a significant emphasis on the redevelopment of Wat8rtoovIlle Lelsure Centre. The planned £3 million inveslment will transforni the facilty, mod8mlztrKJ health and fith8ss areas. expanding hospitalty and thanging rooms. and enhancing 0￿￿00r spaces. This redevelopment wll also Introdu￿ Padel ￿Urts. a new arKI rapidly grffiwing 5POrt. and innovative family filne5s concepts. Additionally, Horizon wll explorg OPPOrtuniti8S to int8grate co-locat&a ser11￿S wtth health partners. allowing the deliv8ry ol health consultstions and ex8rcis8 pfcMJrammes in one location. These developments y￿11 ensure Wated(x)ville Leisure Centre remains a lead8r in local health and wellbeing provlsion, offeriTrJ a comprehensive and inrK)vative range of ServI￿S lo the community. Trading subsldlary The Trading Company has p￿ro￿ned well with in annual income of £335,039. Against the last year. income has increased by £83.649 (33%). More emphasis has been placed on the Commercialty of the food and beverage offerings across Havanl and Waterlooville Leisur8 C8ntr8s. Th& aim has been to Introduce new menus and also to altrad a greater diversty in rdation to SP8cial 8vents. Wlth a £20,000 refuthshment of the Havant Leisure Centre Bar, Ihere has been an opportunity to drive income in this area and welcome a range of KKial and lyjsiness events. Flnanclal Porfomiance and attendances Th8 finan￿al pertormance for the year erKllrg 31st March 2024 has been p0s￿ve, wilh group net surplus totalling £133.614 while itKome was £7.070.141. a 290h i￿reaSe from the prevlous year. which is enc￿ragi￿J. The number of visits to Horizon facilltles In 2022123 was 941.957 compared to 1.092,160 in 2023r24. This represents 8 16% increase year ￿ year Horlzon's Five-year Sbegy Horizon is in the fourth year of Its fivtryear strateg1¢ plan, hthich sets c&rt the organisation's direction for the period 2021-2026. The strategic ￿an underpins Ihe transfomiatlon programme. which has mapped out clear obje(ves to take organisation from 'Good' to 'Great'. The key strategic themes are: Our Future Our people Our customers Our impact Our Finances

BOROUGH OF HAVANT SPORT AND LEISURE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2024 Th8 transfomiation programme is driven from the strategy a￿1 ensures that the Leadership deliver clear and tangible results, and as suth, slgnificant progress has been made. In order to SUCCè8d. Horizon will need to Wofk collaboratlvely with stakeholders and pathers across th8 Borough. In terms of partnershlp. a strmg and sustsinable relatlonshlp with Havant Borough C￿￿11 has been d8velop8d. Business Expansion and Growlh Horfzon Gulldford. vthlch opened in JurE 2023. has seen Iremen(kns success in ils first year of OP8ration. SIgn￿Can11Y incr8asing Horizon's reach arKI b￿d profile in the South of the UK, The new hIg￿qUaIty h8aMh. fftness. swimmiTrJ. and spa facilities Tr￿e already b￿me an integral part of the local community in Guildford. Capltsl Enhancements Horizon rémains Commitied to enhancing its existing facilhles to provlde Ihe best p)ssiLAe services for ts member3. During the 2023r24 financial year, H￿1ZOn Invested: £40,000 In Havant Leisure Centre lo enhan* the gro4> ¢ydiro studio. This investment has upjraded upgraded the equlpment and environment. cxeating a more immersive aThl motivatir¥J experience for users. £120.000 in new (￿rdI0VaScU10r equipm8nt at Waterlooville Leisure Centre. This significant upgrade to the gym farilities enhances the overall fitness offering, ensuring that members have a￿e$S to the latesl equipment to suppyt ihelr heallh and filness goals. £20,000 to upgrade th8 bar area at Havant Leiswe Centre Concluslon Overall. Horvzon has seen remarkable groNth and success throughout 2023r24, wlth new initiatives, enhanced facilities. and expandiNJ communty irnpact. As Horizon Sooks to the future, it remains ambitious, commtited to its charitable object5ve5. and focused on dellverfng lasting social value for local rnmunilies. Through strategic parinerships. investments, and a dear vision foi growth, Horlzon is set to continue its journey from good to great, emrowerfng healthier. happier communities along the way. Reference and admlnlstratlv• d•talls Charity Number 1060896 Company Number 03319069 Registered Office Havant Leisure Centr8. Civic C8ntre Road, Hav￿rt. Hampshi￿, P092AY Our advisers Audttors Morris Crocker Lirnited staJon House. Norlh Str88t. Havan( Hampshire. P09 1QU Natlonal Westmlnster Bank pie Bankers 23 West Street. HavanL Hampshire. P09 1EU Blake Morgan Solictors New KirKJs C{￿r( Tailgate. Chandlerfs Ford. Hampshire. S053 3LG Aston Lark Ltd Insurers MallirYJ House. W8St MalliThJ. KenL ME19 6QL

BOROUGH OF HAVANT SPOltr AND LEISURE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Directors and trustees The directors of the charltable company (the Charity) are its Trustees for the purpose of charity law. Th8 Trustees and officers serving during the year and since the year*rxl were as folk)ws: Key management personnel Bor0￿ of Havant Sport and Leisure Trust: P Metlor J Crouch P Jones PL￿S C Scott- R8shJrkd 26 October 2023 S Gohl R Hedley- Resigned 30 May 2024 G Fosler- Appointed 28 September 2023 J Bowskill- Appointed 1 April 2024 A Rees- Appointed 25 April 2024 Secretary P Lewis Senlor Managers The Leadership T8am cffisists of the follrywirvJ posts: Chief Ex8vthive Head of Flnan Commerical Director H8ad of P80ple and Culture Manager Strncture. Gov•rnance and Management Govornlng Document The Borough of Havant Sp¢xt ￿ Leisure Trust is a company Ilmlted by guarantee. register8d wlth Companies House. set up on 17 February 1997.lts aclivitses are govem&J by its ArIt¢￿ of Assocaalion. which were last amend8d on 28 Awil 2022. The Chartty is register￿￿ vAih the Charity Commission. Th fflembers of the company are the trusteesldirectors. Each member agr8èS to contribute £5 in the event of the Chartty being wound up. Th8 Charity has a subsidiary trading ￿Mpany. ￿1¢h is a private Imited company. subsidiary Is wholly owned by the d)arity. )pointmonl of trustees Trustees are appointed on the agreement d the Board follo￿llng consid8ratK)n of a CV and fonnal applicadon, In most cases, a recommendation is made by the &)ard Chair arKI the Chi8f Executive to the Board on suilabilty following an irrfomlal meeting viith tIE appli12rt which can be att8Thded by any trustee.

BOROUGH OF HAVAKf SPORT AND LEISURE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Trustee Inductlon and training An induction pack Is provkled to all new directors. which (x)ntains relevant infomialion in relalon to their roles and responsibilit18s as charltsble trustees as well as information relating to the buslness of the charity. The induction includes a tour of the facilities operated by the Charity and an introdudlon to key members of slaff. Formal trustee training is planned annualty although trustees can seek assistsnce from senior manag8ment at any time. Toplcs for training vary from year to year and a￿ democralcally agreed. External sp8akers may be employed vthere necessary to provKle 8XP8rtlse in specialist areas. Attendanc8 of trustees at annual charity prewtatiorts are actively encouraged in order to keep up to date on sector dev8topments. Organisatlons The gov8mlng body of the Charlty is the Trustee Board. wlxch curr8nty ¢omFYises of elght trustees. and meets on a monthly basis although additional m881irvJs may b8 ca118d kn required. A Chlef Executive is appointed by the trustees to implement strategy and manage the day-1￿ day operations of the Charity. B rder of the Board of Trustees P Jones Chaiman Date: 24-2.W-

BOROUGH OF HAVAKf SPORT AND LEISURE TRUST REPORT OF THE INDEPENDENT AUDITORS FOR THE YEAR ENDED 31 MARCH 2024 Oplnion We h8ve audiled the financial stalements of BOr0￿h of Havant Sport and Leisure Trust (the 'ch8ritable company) and its subsidiaries for Ihe year ended 31 March 2024 on pages 10 to 32, bthich compris8 the Consolidated Statement of Finanaal Acttvities, the Group and Chanty Balance Sheets and Cashflow Statements and not8S to the financial statements. induding a summary of significant accounting pollcles. The financial reporting framework that has been applied in Iheir preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Slandard FRS 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland. (United lfjngthjm Generally Accepted Accounting Practice)- In our opinion the financial statements.. give a true and fair view of the state of the group's and the parent charitable companys affairs as at 31 March 2024 and of the group's incoming resources and application of resources, including ts income and expendilure. for the sEar then ended. have been properly prepared in accordance with Uni18d KI￿Orn Generalty Accepted Accounting Practice; and have been prepared in accordance Ktylh the requirements of the Compar*es Act 2006. Basis for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are indeFendent of the group and parent charity in accordance with the ethical requirements Ihat are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and y￿ have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that ts audit evidence V￿ have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusion5 relatlng to going concern We have nolhing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you there: the trustees, use of the going conc8m basis of aCco￿t￿g in the preparation of the financÈal statements is not appropriate. or the trustees have not disclosed in the financial statements any identified mat8rial uncertaints'es that may cast signrficant doubt about the group or parent chartWs ability to continue to adopt the going concem basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. (Xher Information The trustees are responsible for the other infomiation. The other inf0miat1c￿ comprises the information included in Ihe annual report, other Ihan the financial stalements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not u)ver the olh8r infoTmats'on and we do not express any form of assurance condusion thereon. In connection wth our audit of Ihe financial statsments. our responsibility is to read the other infonnation and. n doing so, consider whether the other infomiation is materialty inconsislent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material Inconsistencies or apparent material misstatements. we are required to determine wh8ther there is a material misstatement in the financial slatements or a material misstatement of the other information. If, based on the vKJrk VIE have perfonned. we conclude that there is a material misstatement of this other infonnation, we are required to report thal fact. We have nothing to rewt in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the W￿rk undertaken in the course of the audiL the infomiation given n the Report of the Trustees for Ihe financial spar for which the financial statements are prepared is consistenl wth Ihe financial stslements: and the Report of the Trustees has been prepared in accordan￿ viith applicable leg81 requirements.

BOROUGH OF HAVANT SPORT AND LEISURE TRUST REPORT OF THE INDEPENDE￿[ AUDITORS FOR THE YEAR ENDED 31 MARCH 2024 Matters on which we are required to report by exception In the light of the knO￿edge and understanding of the group and its environment obtained in the course of the audit. we have not identsfied material misstatements in the Report of the Trustees. We have nothing to report in resp8Ct of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequale accounting records have rK)t been kept or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are nol in agr8ement with Ihe ar￿Unt￿g records and returns. or certain disclosures of trustees, remuneration specified by law are nol made; or we have not received all the information and explanations we require for our audit. or the trustees vlere not entitled to take advanlage of the small compani8s exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As exp18ined more fully in the Statement of Truslees Responsibilities. the trustees (Mtho are also the directors of the charitsble company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that Ihey give a true and fair view, and for such intemal control as the trustees detemiine is n6xessary to enabl8 the preparatw)n of fnancial statements that are free from material misstatement, ¥*thether due to fraud or error. In preparing the financial ststements, the trustees are responsible for assessing the group and parent charitys ability to conlinue as a going concem. disclosing, as applicable, matters related to going concem and using the going concern basis of 8¢coun1ing unless the trustees either intend to Iiqumdate the group or parent charity or to cease operations. or have no realistic altemative but to do so. Our responslbllltles for tho audit of the financial statements Our objectives are to obtain reasonabl8 assurance about whether the financial ststements as a whol8 are free from malarial misstatement, vthether due to fraud or error. and to ISSU8 a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but ts not a guarantee th8t an audit conducted in accordanc£ Wbth ISAS (UK) will always delect a material misstst8ment vthen it exists. Misstatements Can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stat8ments. A further description of our r8sponsibilities for the audit of the financial statements is located on Ihe Financial Reporting Council's website at www.frc.org.uklauditorsresponsibdities. This description fonns part of our R8POrt of the Indapendent Auditors. I￿egUlaritieS, including fraud, are instances of nonwCOrnp￿an¢e laws and regulations. We design procedures in line wtth our responsibilities. outlined above. to detect material misstatements in respect of irregularities. incluijing fraud. The exienl to which our procedures are capable of detecting irregularities, including fraud is detailed below: From discussion with management and those charged ￿ryth govemance infomats'on atK)Ut the entity is documented to assess the acti￿ Vifjthin the organisation. We discuss management's assessment of risk in respect of irregularities. fraud and going con￿rn. Based on these discussions aNI our own assessments we determined that the key risk areas were income recognition in respect of cut off issues conceming tid(et sales and grant income and management ove￿Ide conceming the size of the organisation. We set financial statement maleriality levd based on the level of income. As a not for profit organisation raising income is its primary focus thich is why income was used to detemiine the level of materiality. Our overall assessment of risk was used lo detennine Ferformance materiality at an appropriate level.

BOROUGH OF HAVANT SPORT AND LEISURE TRUST REPORT OF THE INDEPENDEKf AUDITORS FOR THE YEAR ENDED 31 MARCH 2024 Substantive audit tests were designed after assessing and lesting systems and controls. The systems and controls which hav8 been designed to act as a prevenlative measure against fraud and error were operatsng as documented. Substantive testing tested a sample of the Fxipulation. representakn've of the population. to identify errors. The testing did not identify any material misstatements in areas tested. Audit substantive tests concluded no material errors over the key rEk areas of income recognition and management override. The audit consid8rs tt)e organisalion is not exposed lo material risk of em)r as a result of assessing laws and regulations that are appropriate to the organisation. Management assessed there is no going concern risk. The audit U￿ertook a review of budgets. management accounts and the review of board minuies and ￿me to the same C£Jndusion as management. Use of our report This report is made solely to the charitsble CoMpan￿S memb8rs. as a body. in accordance vilh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has b88n undertaken so that we might state to the charitable companrfs members those matters we are required to state to them in an auditors. report and for no other purpose. To the fullest extent pemiitted by law, 4ve do not accept or assume resKX)nsibility to anyone other than the group and the parent charity and the charitable companls members as a body. for our audit work. for this report. or for the opinions we have fomied. Stuart Mackie (Senior Statutory A￿lItOr) for and on behalf of Morris Crother Limited Chartered Accountsnts Statutory Auditors Station House Noth Street Havant H8mpshire P09 1QU Date..

BOROUGH OF HAVANT SPORT AND LEISURE TRUST CONSOUDATED STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING A CONSOLIDATED INCOME AND EXPENDITURE ACCOUN FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Funds 2024 R•slrict•d Funds 2024 Total Funds 2024 Total Funds 2023 INCOME FROM Cha ble actsvities: Operation of leisure centres Income from donations 5.997.661 637.500 49.079 6.046.740 637.500 4.649.685 564.000 Other tr8din activities: Commercial tr8ding operalions Investment income 335,039 50.862 335.039 50.862 251,520 13,750 Totsl 7,021.062 49.079 7.070,141 5.478.955 EXPENDrruRE ON Cost of raisin funds". Commercial trading operations 306.010 306,010 237,177 Charitsble a Operation of leisure centres Donated facilities 5.934.358 637.500 55.327 5.989.685 637,500 4,792,387 564.000 Total 25 6,877,868 55.327 6.933,195 5,593,564 Net gainsl{losses) on investrnents 3.332 {3,332 9.953 NET INCOMEI(EXPENDITURE) 139.862 (6.248) 133.614 (104,655) Transfers bet¥Neen funds 85.005 {85.005) Other ra nised ainsl Actuarial gainslllosses) on defined benefit pension schemes 29 54.000 54,000 1.016,000 NEf MOVEMENT IN FUNDS 278.867 (91.253) 187.614 911.345 RECONCIUATION OF FUNDS Total funds brought for4￿rd 6,482.742 308.338 6.791,080 5.879,735 TOTAL FUNDS CARRIED FORWARD 6,761.609 217,085 6.978.694 6.791,080 io

BOROUGH OF HAVANT SPORT AND LEISURE TRUST CONSOUDATED AND CHARITY BALANCE SHEEr FOR THE YEAR ENDED 31 MARCH 2024 Group 2024 Group 2023 Charity 2024 Charlty 2023 Note FIXED ASSETS Tangible assets Investrnents 18 19 5.530.332 138,854 4,576.854 620.282 5.489.364 138.856 4.542.377 620.284 5,669,186 5.197.136 5.628.220 5.162,661 CURRENT ASSETS Stocks Current asset investsnents Debtors Cash at bank and in hand 20 21 22 8.511 258,721 196.911 1.956,880 7.411 1,515,798 197.399 567.835 258,721 193,2g) 1.933,373 1,515,798 192,266 551.320 2.421.023 2.288.443 2,385,384 2,259,384 CREDITORS Amounts falling due wrihin one year {713,983) (533.705) (699.639) {523,848} NEf CURRENT ASSETS 1,707,040 1.754.738 1,685,745 1.735.536 TOTAL ASSETS LESS CURRENT LIABIUTIES 7.376.226 6.951,874 7,313,965 6.898.197 CREDrroRS Amounts falling due in more than one sear (300.532} {17.794) {295.178) (5,108) NEf ASSEfs EXCLUDING PENSION LIABIUTY 7.075.694 6,934,080 7.018.787 6.893,089 Defined benefit pension scheme liability (97,000) (143.000) (97,000) (143.000) NET ASSETS 6.978.694 6.791,080 6.921.787 6.750.089 FUNDS Unr8stricted funds: Unrestrict& funds excluding pension liability Pension r8serv8 6.858,609 97.000 6.761.609 217.085 6.625.742 {143.000} 6,482.742 308.338 6.801,702 97,000 6,704.702 217,085 6,584,751 (143,000 6.441.751 308.338 Restricted funds 25 TOTAL FUNDS 6.978.694 6,791,080 6,921.787 6,750,089 The financral statements I￿re approved by the Board of Trustees on on their behalf by. and sign8d li

BOROUGH OF HAVAKf SPORT AND LEISURE TRUST CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 Group 2024 Group 2023 Charity 2024 Charity 2023 Cash flows from operating activities Cash generated from operations 695.717 384.852 661,520 385.832 Cash provided by (used in) operatlng activftles 695.717 384.852 661,520 385.832 Cash flows from Investing aGtivllles Interest income Proceed5 on sale of irwestments Proceeds on sale of fixed a&sets Purchase of tsngible fixed assets 50.862 1.T35,173 13.750 229.896 50,862 1.735,173 13.750 229,896 (1,406,675) {525,287} {1.386.802) (487,500) Cash provided by (used in) inve5tJng activities 379.360 {281.641) 399,233 (243,854) Cash flows from flnancing activities C8sh inflows from new borrowing Rep8￿ent of borr0V￿ng 416.186 (102.218) 21.996 (44.654) 416,186 {94.886) (42,676) Cash provided by (used In) flnancing activities 313.968 {22.658) 321,300 (42,676) Change in cash and cash equivalents in the reporting period 1,389.045 80,553 1,382,053 99.302 Cash and cash equivalents at the beginning of the reporting period 567.835 487.282 551,320 452.018 Total cash at the end of tho year 1,956,8 567,835 1,933.373 551.320 12

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES The principal accounting policies adopted. judgements and key sources of estbmation uncertainty in the pr8paration of the fjnancial statements are as follows: Basis of prep8rdtion of flnancial stalements The finanrial ststements have been prepared in accordance with Accounting and R8porting by Charities: Statement of Re￿MMended Practice applicable to charities preparing their accounts in accordance with the Financial Reporfing Stsndard applicable in the UK and Republic of Ireland (FRS 102) (8ffective 1 January 2019) - (Charities SORP (FRS 102>). the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Borough of Havant Sport and Leisure Trust meets the definition of a public benefit ents'ty under FRS 102. Ass8ts and IAbilities are inrtially recognised at historical cost or transaction value un18SS OtheThvise stated in the relevant accwnling policy rK)te(s). 1.2 Preparatlon of the accounts on a golng concern basis The Charity reported a cash oufflow of £1.075k (2023: £103k) from operating activities and invesling activities. At the year end the group had free reserves totalling (£47(M() (2023: £283k). The designation of funds for future projects and polential shortfalls is ￿nsidered to ensure the fijture of the charity. The trustees have re￿iewed projected income and expenditure for the next iwelve month5 and on Ihat basis the Charity is a going con￿m. 1.3 Group financial statements The financlal statements consolidate the results of the Charity and its Nvholly owned subsidiary, Borough of Havant Sport and Leisure Trading Limited. on a line-by4ine basis. A separate Statement of Financial Acttvities and Income and Expendilure Account for the Charity has not been presented because the Charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2(Y)6. 1.4 Income Income is recc*Jnised ￿en Ihe Charity has entillement to the funds. any perfonnance conditions attached to the item{s) of income have been met, it is probable that the income will be received and th8 amount can be measured reliably. Income represents point of sale re￿Ipts and amounts Invol￿d, excluding value added tax. in respect of th8 sale of goods and services to customers. Income from local authority other grants is reo)gnis8d when the Charity has entitlemenl to Ihe funds, any performance conditions attached to the have been met, it is probable that Ihe incom8 thryll be received the amount can be measured reliably and is nol deferr8d. Investrnent income is accounted for in the period in which the Charity is entitled to receipt. Income received in ad￿Ce of a frtness dass, swimmir¥J lesson or parties is deferred until the crit8ria for In￿Me recognition are met (see note 23). 13

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1.5 Donated servlces and fadlltles Donated professional Serv￿ and donated facilities are recognised as incom8 when Ihe Charfty h8s control over the item. any conditions associaled vlith Ihe donated item have been met, the receipt of economic benefit from the use by the Charity of the ilem is pr¢)bable and that economic benefit can be measured reliably. On receipt, donated professional services and donated faciltties are r8wgnised on the basis of the value of the gift to the Chartty which is the amount the Chartty would hav8 been willing to pay to obtain seNices or facilities of equivalent economic benefit on the open market; a corresponding amount is Ihen recognised in exp8nditure in the period of receipL Donated faciltlies refl8Ct the rateable value of the two leisure centres promded by the local authority for no charge and a 20¥0 discretionary relief provided by the local authority on the Nats'onal Non Domestic Rates bill. 1.6 Interest recelvable Int8rest on fvnds h8ld on deposit is included when receivable and the amount can be measured reliabty by the charity, this is rK)rnally upon notificab'on of the interest paid or payable by the Bank. Fund accounting General funds are unrestricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and vrfhich have not been designated for other purpose5. Designated funds comprtse Lmrestricted funds that have been set aside by the Trustees for specific purpos6S. Restricted funds are funds are to be used in accordance with specific r8Strictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such fimds are charged against Ihe specific fund. Investrnent income. gains and losses ate albcated to the appropriale fund. 1.8 Expendilure and irrecov•rable VAT Expenditure Is recognised once there is a legal or constwctive obligation to make a payment to a third party, it is probable thal settlement ￿111 be required and the amount of th8 obligation can be measured reliably. Wher8 Costs cannot be directly attributed to parlicular actiMti8S they have been allocated on a basis ¢￿S[stent with the use of the resources. Costs of raising funds comprise the costs of commercial trading including the cafes and goods for resale and their associated support costs. Expenditure on charitable activities inclLKles costs associated ￿fjth th8 running of the leisure centres and include both the direct costs and support costs relating to these activities. Support costs include central functions and have ten allocated to actsmty cost categories on a b8SiS consistent with the use of resources, e.g.. allocating property costs by floor areas. staff costs by time spent and other costs by their usage. Irrecoverable VAT is charged as a cost against the ￿tIl￿ty for bthich the expenditure was incurred. 14

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1.9 Allocatlon of support costs Support costs are those functions that assist the work of th8 Charity but do not directly undertake charitable activtlies. Support costs include support office costs. finance, personnel, pa￿011. and govemance costs which support the Chariws leisure programmes and aclivilies. These costs have been allocated b8lween cost of raisirKJ funds ar￿ expenditure on charitsble actiwlies vthere applicable. The bases on support Costs have been allocated ar8 S8t out in note 9. 1.10 Operatlng leas•s Rentals under operatlng leases are charged to the Statement of Financial ACti￿111es on a straight line basis over the lease teTm. 1.11 Tanglble flxed apAels and depreciation Tangible fixed assets are slated at cost less deprecialion. Substsntial assets are reviewed and broken down into component parts ￿ere the useful economic life of a cornponent is significantly different to Ihe rest of the asseL All assets costing more than £1.CK)O are capitalised. Depreciation is provided at rates calculated to write off the cost of r￿ed 85sets, less their estimated residual value. over their expected useful lives on the followng bas8S: Leasehold pnjpety consisting of: - Land and buildings.. Over the period of the lease - Other components: Over 10 - 15 years straight line Planl & machinery.. 10Y. - 330/0 Straight line Income generating equipment: 200/0 - 50 % straight line Operational equipment.. 200/0 - 330/0 straighl line Assets und8r construction: No deprecialion charge 1.12 Investments Fixed asset rnvestments are stated at market value at the balance sheet date. Thè Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the sear. InveslJnents in subsidiaries are valued at cost less provision for impaimienl. (iii) Current asset investrnents include short temi high￿ liquid investments that require more than three monlhs but less than one year notice to Ifyrythdraw cash. 1.13 Slocks Stocks are valued at the lower of cost and net r8alisable value after malung due allowance for obsolete and slow moving stocks. 1.14 Debtors Trade and other debtor5 are recognis8d at the settlement amount due. 1.15 Creditors Creditors and provisions are recognised ¥there1he Charity has a present obligation resulting from a past event ihat viill probably result in the transfer of furKls lo a third paty and the amount due to setlle the obligation can be measured or estlmated reliabty. 15

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1.16 Finance lea Assets held under finan￿ leases. vthich are leases where substantially all the risks and rewards of ownership of the asset have passed to the charity, are capitalised in the balance sheet and are depreciated over the shorter of the lease tefm and the assets, useful lives. A corresponding liability is recognised for th8 fair value of the leased asset in Ihe balance sheet. Lease pasrynerts are apportioned bet*veen the reduction of the lease liability and finance charges in the Ststement of Financial Activib'es so as to achieve a constant rate of interest on the remaining balan￿ of the liability. 1.17 Ponsions The company operates a defined benefits pension scheme vthich requires contributions to be made to a separately administered fund. The scheme is ck)sed to new members. A defined contribution pension scheme is available to all employees. The cost of promding benefits under the defined benefft plan is detennined using the projected unit uedit method. which attributes entit]em8nl to benefits to the Current period (to determin8 cu￿ent seN¢e cost} and to the current and prior periods (to determine the present value of defined beneffit obligations) and is based on actuarial advice. When a settl8ment or a curtailment occurs Ihe change in the present value of the ￿enie liabilities and th8 fair value of the plan assets reflects the gain or loss which is recognis&J in the income ststement during the period in which it occurs. The net interest element is detemiined by mU￿1p1S41n9 the net defined benefit liability by the discount rate. at the start of the period laking into account any changes in the net defined beneffit liability during the period as a result of contribution and benefit payments. The net interest is recognised in income or expenditure as other finance revenue or cost. Re-measurements. comprising actuarial gains and losses. the effect of the asset ceiling and the retum on the net defined benefit liability (exduding amounts included in nel interest} are recognised immediately in other comprehensNe income in the period in vthich they occur. Re- measur8ments are not redassified to profit and loss in subsequent P8ricxls. The defined net benefit pension asset or liability in the balan￿ sheet comprlses the total of the present value of the defined benefit obligation (using a discount rate based on high qualty corF)orate bonds), less Ihe fair value of plan assets out of which the obligations are to be settled directty. Fair value is bas8d on market price information and in the case of quoted s8CUrities is the published bid price. The value of a nei pension benefil assel is limited to the amount that may be recovered either through redU￿d conlributions or agreed refunds from the scheme. Allowance has b88n made for full Tndexation on all Guaranteed Mlnimum Pensions (GMP) for members whose State Pension Age is on or after 6 April 2016. A Mccloud underpin liability has been calculated with the assumption that the underpin applies to 1) all members in s8Nice on 1 April 2012 2) members. benefts on reaching retirement (nomial or ill health), or on prfor withdrawal. and 3) spouse's benefits on death after retirement. Contributions lo defined contribution schemes are recognised in the profit and loss account in the period in thich they become payable. 16

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 1.18 Judgements The preparation of the fnancial sLqt8ments requir8s management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balan￿ sheet date and the amounts reported for revenues and expenses during the year. Ho￿￿ver. the nature of estimation means that actual outcomes fA)uld differ from those estimates. The followng judgements (apart from Ihose involving estimates) have had the most significant effect on amounts recognised in fina[￿la1 statements. Operating and finance lease commitments The Charity has entered into leases as a lessee for use of plant and equipment. The classification of such leases as operating or finance lease requires the Charity trj deterniine, based on an evaluation of the temis a¥xl conditions of the arrangements, whether it retains or acquires the signtficant risks and rewards of ovmership of these assets and accordingly whether the lease requires an asset liabilty to be recognised in the balance sheet. One lease has been recognise(l as a finance lease. Pensions The cost of defi[￿d benefit pension plan is detemiined using actuarial valuations. The actuarial valuation involves making as5umplions about discount rates. future salary increases. mortality rates and future pension ￿ereaseS. Due to the comp18xity of the valuation, the underlying assumptions and 1he long-t8rm nature of these plans, such estimates are subject to signifrant uncertainty. Management have placed reliance on the figures prepared by the work of an expert. Further details are given in note 29. Fixed Assets The Charity purchases f￿@d assets and writes the cost less estimated residual value dovm over the expected usefvl lrfe of each asset. Choosing the useful economic lrfe of an asset is a judgement by management that impacts on the financial statements over a number of years. A small varial￿n in the life could have a significant affect on the financial statements. The useful life of the asset is detemiined in the year of purchase and is based on experience. This is revi8wed annually to 8nsure it is still appropriate. LEGAL STATUS OF THE CHARITY The Charity is a company limited by guaranlee and has no share capital. The members of Ihe company are the Trustees named on page 5. In the event of the company being wound up, th8 liability in respect of the guarantee is limited to £5 per member of the Chartty. 17

BOROUGH OF HAVANT spoirr AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Unrestricted funds funds funds 2024 2024 2023 Restrided fijnds 2023 Grants from institutions Operation of leisure centres 5.053 5,992,608 49.079 1.241 4.648.444 5.997.861 49,079 4.648.444 1,241 INCOME FROM DONATIONS 2024 2023 Donated facilib'es 637,500 564,000 INCOME FROM OTHER TRADING ACTivmES The tholly owned trading subsidiary the Borough of Havant Sport and Leisure Trading Limited is incorFX)rated in the Untted Kingdom (company number 3406679) and pays all of tts profits to the Charity und8r Ihe gift aid scheme. The subsidiary operdtes café and bar facilities and sells leisure goods. All comMer￿al trading operations are Ca￿led out at the Charivs leisure centres. A summary of the trading resulis is shown below. 2024 2023 Tumover Cost of sales and administration costs Management charge expense Oth8r operating income Interest receivable 334.573 251.390 (306.010) (237.177) (13,110) (12.000) 466 130 Net profit Amount gift aided to the charity Retained in subsidiary 15.919 14,573) 15,919 (2.229) The assets and liabilities of the subsidiary were: NorFcurrent assets Current assets Current liabilities Non -current liabilitles 40.968 61.648 (40,353) {5,354) 34,478 48,796 (29.598) (12,686) Total net assets 56,909 40,990 6. INVESTMENT INCOME 2024 2023 Bank interest 50.862 13.750 18

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEmEP￿s FOR THE YEAR ENDED 31 MARCH 2024 DIRECT COSTS Provision of sporting and leisure facilities to the public Total funds Totsl funds 2024 2D24 2023 Operational staff Other finance expense (Note 17) Equipment and materials Subcontr8Ctors Premises and equipment maintenanc8 Repalr and replacement fixtures Energy and utility Third paty support insurance Marketing. unrecoverable VAT and other (Gainsylosses on di¥osal of fixed assets Depreciation Governance costs Support costs 3.354.360 8.000 107.545 3.354.360 8.000 107.545 2,083,983 40.000 68.990 130.446 358,323 75,472 368,385 109.401 46 8,064 5.286 356,268 48,403 679,366 605.230 117,156 612.002 166.683 314.852 (12.752) 426.231 98,151 192.227 605,230 117.156 612.002 166.683 314.852 {12.752) 426,231 98.151 192,227 5.989.685 637.500 5.989.685 637,500 4.792,387 564,000 Donated facilities 6.627.185 6.627,185 5,356.387 Expenditure on charitable activitÈes was £5.989.685 (2023: £4,792.38n of which £5.934,358 was unrestricted (2023.. £4,788,874) and £55,327 was restricted (2023.. £13,513). 8. SUMMARY OF ANALYSIS OF EXPENDITURE AND RELATED INCOME FOR CHARITABLE ACTIVITIES This Shov￿ the f))St of the main charitsble aciT¥ity the soutces of income that directy support those activities. Provision of sporting and leisure faalities to the public 2024 2023 Costs Income from sport arKI leisure facililies (5,989,685) (4,792,387) 6.046,740 4,649,685 Net income to fund future costs and projects 57,055 (142,702) 19

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 9. ANALYSIS OF GOVERNANCE AND SUPPORT COSTS The Charity initially identifies the costs of its support functions. It then identifies those costs vthich relate to the govemance function. Having identified its goveman¢e costs these. along the remaining support costs, are allocated to the cosl of the Charitls key charitable activity. The table below sho￿5 the basis of apporttonmenl and the analysis of support and governance costs. General Governance Support function 2024 2024 Total 2024 Basis of apportionment Govemance Goveman Tftne alk)cat8d As invoiced Support Audit, legal and professional (Note 11) Trustee expens8s and indemnty ir6uran Corporale office staff costs IT and payroll running costs Council pension settlernenl 9,391 97.757 107,148 394 182.836 182,836 192.227 98,151 290.378 10. TURNOVER All tumover aros8 ￿1th1n th8 United Kingd￿1. 11. NET INCOMING RESOURCES 2024 2023 This is stated after charging: Depreciation of tangible fixed assets: Owned by the charttable group Assets held under finance lease (SurplusyLoss on disposal of fixed assets Audttorfs remuneralion: Audit fees Other advice Auditor's remuneration (previous auditors): Audrt fees Other advice Operating18ases - equipment 378.129 72.742 12.752 295.888 71.216 5.286 14,858 11,150 3,000 (646) 2.285 9.806 20

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. ANALYSIS OF STAFF COSTS. TRUSTEE REMUNERATION AND EXPENSES, AND THE COST OF KEY MANAGEMENT PERSONNEL 2024 2023 Staff costs were as follovts: Wages and salaries Social security costs Other pension costs (Note 29) 3.204.606 204.042 44,652 2.458.767 161.787 49,913 3,453.300 2.670.467 2024 2023 The number of higher paid employees ￿a$. In the band £70.001- £80.000 £90.001- £1 CKI.000 £100,001- £110,000 Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly Charged to unrestricted funds. During the year, no trustees re￿1Ved any remuner*ion (2023: £NIL). During the year. no trustees received any benefits in kind (2023: £NIL}. One trustee received reimbursement of expenses ￿Ounting lo £235 in the current year, {2023: two Irustees re￿iVed £6n. The key management personnel of the parent charity comprise senior management team consisting of the Chief Executive, Head of People and CultUTe. Head of Finan￿ and Commercial Director. The total employee benefrts of the key management personnel of the Charity were £322.347 (2023: £343,912). The key Tnanagement personnel of the group (y)mprise Ihose of Ihe Charity and the directrjrs of its vkJo1￿ owned subsidiary. Borough of Havant Sport and Leisure Trading Limited. 13. STAFF NUMBERS The average monthty head count includlng casual part-time staff during the year was as follows 2024 No. 2023 No. Management Other 195 171 199 177 21

BOROUGH OF HAVAMT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14 RELATED PARTIES In 2024 Ihe follovAng transactions took place beiween the Chanty and its wholly owned sUbsid￿ry Borough of Havant Sport and Leisure Trading Limited: The provision of kitthen fa￿ltieS at the Waterloovlle café and kiithen equipment by the Charity to Borough of Havant Sport and Leisure TradiNJ Limited of £1.084 (2023: £1,084). The provision of management aNJ administralive services by the Charity to Borough of Havant Sport and Leisure Trading Lunited tolalKng £12000 (2023: £12.000). The transfer under gift aid of the trading rwffts of Borough of Havant Sport and Leisure Trading Limited to the Charity of £Nil (2023: £4.573). At the b*nce sheet date the Charity owed Borou￿ of Havant Sport and Leiwre Trading Limited £28,DJ9 (2023.. £19.742). The majority of this balance represents receipts received by the Charity on b•half of Borough of Havanl Sport and Leisure Trading Umited wlwch were not pa￿ to Ihe Tra(fing Company as al 31 MarGh 2024. 15. GOVERNMENT GRANTS Income from Govémment grants comprises proi8ct related ￿ants made by Lo¢al Authorilies to fund specific sporL leisure and health projects run by the Charity. B81ow are Ihe Govemment Gr￿ received in thè or prev￿u5 ffinan¢lal year. 2024 2023 Governmant grants 78,090 19.237 16. CORPORATION TAX As a ¢harity. the Borough of Havant Sp￿1 and Leisure Tn￿t benefts from vsrious exemptions from t£xakn"on afforded by tax legislation and ig therefore not liatle to corporation tsx on income or gain$ falling within those exemptions. 17. OTHER FINANCE EXPENSES 2024 2023 Expected retum on pension scheme asseis Inte￿81 on pension scheme liabililies 177,000 111,000 (185.000) {141,ooo) (30.000) (8,000) 22

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. TANGIBLE FIXED ASSETS - GROUP Assets under construclion Income Leashold Plant and generating Operational Property Machinery equipment Equipment Total COST At 1 Aprfl 2023 Additions Disposals 40.(K)5 20.334 7.271.679 762.125 40.778 1,361.289 1,250 483.379 681,411 139,587 (2.326) 9.395,162 1,406.675 (2.326) At 31 March 2024 60.339 8.033.804 42,028 1.844,668 818.672 10,799.511 DEPRECIATION At 1 Aprll 2023 Charge for year Eliminated on disposals 2.984.482 282.707 26,318 1,287,283 3,667 101.396 540,225 63,101 4,818,308 450,871 At 31 March 2024 3,247.189 29.985 1.388,679 603.326 5.269,179 NET BOOKVALUE At 31 March 2024 60.339 4.786,615 12.043 455,989 215.346 5.530.332 At 31 Ma￿h 2023 40.005 4.307.197 14,460 74.(Y)6 141,186 4,576.854 TMGIBLE FIXED ASSETS- CHARITY Assets Lrrerm Income under Leashold Plant and generating Operational construction Property Machinery equipment Equipment Total COST At 1 April 2023 Additions Disposals At 31 March 2024 40,005 7.271.679 20,334 762.125 1.331.823 470.820 681.411 133,523 (2.326) 812,608 10,709,394 9.324,918 1,386.802 (2.326) 60.339 8.033.804 1.802.643 DEPRECIATION At 1 April 2023 Charge for sear Elirninaled on disposals 2.964,482 282,707 12TI,834 91,681 540,225 63.101 4,782,541 437,489 At 31 March 2024 3,247,189 1.369.515 603.326 5,220,030 NET BOOK VALVE At 31 March 2024 60.339 4.786.615 433.128 209,282 5,489.364 At 31 March 2023 40.005 4.307.197 53,989 141.186 4,542.377 23

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. FIXED ASSET INVESTMEp¥rs Group Listed Securities Market valuo At 1 April 2023 Disposals Revaluations 620,282 (478.096) (3.332) 138.854 At 31 March 2024 Historical cosl 70,000 The listed securiiies are all held in unit trusts limited on the UK St￿k exchange Charity Shares in Listed gmup Securities undertakings Total Market Value At 1 April 2023 Disposals Revaluations 620,282 (478,096) (3.332) 620,284 (478.096) (3.332) At 31 March 2024 138,854 138.858 HistorfrAI cost 70.000 70.002 The Charity ovms the whole of th8 issued share c2Pital of the Borough of Havant Sport and LeisuTe Trading Limited. a company incorporated in England and Wales which carries on Ihe business of running a café. The investmenL which consists of 2 ordinary shares of £1 each. is shown at cost In the opinion of the Trust8es, the aggregate value of the shares in and amounts owng from the companls subsidiary is not less than the aggregate of the wnounts at )fvhich those assets are stated in the companys balance sheeL The activiiies and result5 of this company are summarised in note 5. 20. STOCKS Group 2023 Charity 2024 Ch8rity 2023 2024 Catering supplies 8.511 7.411 21. CURRENT ASSET INVESTMENT Group 2024 Group 2023 Charity 2024 Charity 2023 Cash on deposit between 3 and 12 months 258.721 1.515.798 258,721 1,515,798 24

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. DEBTORS: AMOUNTS FALLING DUE ￿THIN ONE YEAR Group 2024 Group 2023 Charity 2024 Charity 2023 Trade debtors PrePa￿￿ents and accrued income Other debtors Amounts owed by group undertakings 38.991 157,920 42,066 155.333 38.279 155.011 37.274 154,992 196,911 197.399 193.290 192,266 23. CREDrroRS: AMOUNTS FALLING DUE wrrHIN ONE YEAR Group 2024 Group 2023 Charity 2024 Charity 2023 Trade creditors Social security arvj other taxes other creditors Finance leases Amounts owed to group undertakings Accruals and deferred income 216.584 70.663 22.252 80.672 185,653 61.100 5,079 49.442 200,594 57,040 22,252 73,340 26.009 320,404 175.966 49.961 5,079 42,110 19,742 230,990 323.812 232.431 713.983 533.705 699,639 523,848 DEFERRED INCOME Deferred income comprises advance tx)okings of fitness classes, s￿1mMIng lessons and parties that take plac8 after Ihe year end. Group 2024 Group 2023 Charity 2024 Charity 2023 Brought forward Amount released to incoming resources Amount deferred in year 105,532 (105.532) 203.686 59.303 105,532 (59.303) (105.532) 105.532 203.498 59,303 (59.303) 105.532 Carried forward 203,686 105.532 203.498 105.532 24. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR Group Group 2024 2023 Charity 2024 Charity 2023 Finance leases 300.532 17,794 295.178 5,108 300.532 17,794 295,178 5,108 25

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 25. STATEMENT OF FUNDS Brought forvrdrd Incoming Resources Transfers 1 April 23 resources expended inl{out) Carried Gains I fowdrd (losses) 31 March 24 DESIGNATED FUNDS Operational reserve Improvement reserv8 Life cycle programme reserve 673.469 200.000 {257.291) 416,178 200.000 LGPS deficit reserve Fixed asset reSe￿e Fixed asset reserve Guildford Guildford project reserve WLC extension reserve 150.000 4,288.093 (53,000) 197,728 835.401 97,000 4.485,821 835,401 888,300 (888,300) 400,000 400.000 6.199.862 234.538 6,434.400 GENERAL FUNDS General reserve Pension reserve 425.880 6.844.062 (6.692,868) {149,533) (143.000} 177.0(Ki (185.000) Totsl unrestricted fundt 6.482.742 7.021,062 (6.877,868) (3,332) 54.000 424,208 (97.000) 85.005 50.668 6,761,609 RESTRICTED FUNDS WLC Extension furn GP Referral training grant Refurbishment project fund Disabled changing room fund Communty Against Cancer Fun Flourish Grant Active Play Grant Beating Heart Grant Beat It Grant Energise Me Grant 156,739 (8.709) 148.030 139,511 (3.672) (83293) 52,546 11.113 (867) (1.712) 975 {975) 29.114 15.000 1,000 (29.114) {9.025) (1.000) 5.975 2,000 1.965 (1,965) Totsl restricted funds 308.338 49.079 {55.327) (85.005> 217,085 Totsl of funds 6,791,080 7.070.141 (6,933,195) 50.668 6.978.694 26

BOROUGH OF HAVANT spoirr AND LEISURE TRUST NOTES TO THE FINANCIAL sTATEME￿rs FOR THE YEAR ENDED 31 MARCH 2024 Comparatives for movement in funds Broughl forvfard 1 April 22 Carrted Galns I forward (losses) 31 March 23 Ir￿Oming Resour&8s Transfers resources expend8d inl(out> DESIGNATED FUNDS Operational reserve Improvement reseD Lrfe cycle programme reserve LGPS deficit reseNe Fixed asset reserve Guildford project 1.561.769 200,0(K) {&98,300) 673.469 200,000 80,000 4,422.330 70.000 (134,237) 888,300 150,000 4.288,093 888.300 6.264,099 (64,237) 6.199.862 GENERAL FUNDS General reser4/e Pension reserve 388.806 5,359,714 (5.422.051) (1.119,000) 118,000 (158.000> 89,457 9.953 1.016.000 425.880 {143,000> Total unrestricted fund: 5.533.905 5.477.714 {5.580.051) 25.220 1.025.953 6.482,742 RESTRICTED FUNDS WLC Extension fund GP Referral training grant Refurbishment project fund Disabled changing room fund Community Against Cancer Fund 182.863 {8.708) (17,416) {460) 156,739 150,527 {3.672) (7.344) 139,511 11,980 (867) 11.113 1.241 {266) 975 Total reslricted funds 345,830 1.241 {13.513> (25.220) 308.338 Total of funds 5.879,735 5,478,955 (5.593,564> 1.025,953 6,791,080 27

BOROUGH OF HAVAMT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Tha designated funds consist of: Operational reserve: Funds set aside to meet any shortfall belween Ihe anticipated income and budgeted outgoings and any unforeseen 8xpendltwe. It wil also be available lo assisl in the funding of n8w activities not fOreS￿n in budgets. Improvement reserve.. Funds set aside for fijture projects, these arn￿nts have been funded fr(xn cash surpluses generated in th8 ￿ar. Some projects still require additional funds. Lffe cycle programme reserv8: A programme run by the Charity for the continuing r8furbishment of the leisure centres. LGPS deficit reserve.. Funds set aside to Pay off LGPS deficit. Fixed assets reserve.. The value of unrestricted funds reFYesented by laroible fixed assets owned and used by Ihe Charity for 18isure activities. The ro8trictsd funds con$lst ofr WLC exlension fund: The S106 conlribution passed on by Havant Borough Council to partty fund the building of the Waterlooville extension. The balance represents the unamortised value of works funded by this contribution. Refurbishment projects fund.. This fund relates to remedial Y￿rkS and improvements to buildings and facilities funded by a capital gr8nt in previous JEars. The remaining balance repTesenls the unamortised element of the works funded by the grant. Disabled changing room fund.. This fund relates to conversion to create a disabled changing room facilty funded by a capital grant in preNious years. The remaining balance represents the unamortised element of the capital work funded by the granL Other small grants - represents income received in the year to fund smal projects. This funding was spent on the relevant activities in t1￿ year. 28

BOROUGH OF HAVANT spoKr AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 26. ANALYSIS OF NET ASSEtS BEfwEEN FUNDS Unrestricted Designated funds funds 2024 2024 Restricted funds 2024 T.otal funds 2024 Tangible fixed assets Fixed asset investments Current assets Creditors due ￿rythIn one ye Creditors due after on8 year Provisions for liabilities and charges 5.530.332 138,854 765,214 5.530.332 138.854 2.421.023 (713,983) (31￿,532) (97,000) 1.438.723 {713,983) {300,532) {97,000) 217,085 327.208 6.434.400 217,085 6,978,694 27. RECONCIUATION OF NET INCOMEI(EXPENDrruRE> TO NEf CASH FLOW FROM OPERATING ACTIVITIES Group 2024 Group 2023 Charity 2024 Charity 2023 Net incomel(expenditure) Adjustments for. Depreciation charges Lossesl(gains) on investments (Profityloss on disposal of fixed assets Interest received IlncreaseyDecrease in stock IlncreaseyDecreas8 in debtors Increasel(Decrease) in creditors FRS17 pension adjustment 133.614 (104,655) 132.776 (102.428) 4SJ.871 3.332 2,326 (50.862} (1,100} 367.104 (9.953} 5.130 (13,750) 437.489 3.332 {12.752) (50,862) 362,323 (9.953) 5,130 (13.750) (36,538) 137.008 40.000 (1,024) 144.561 8,000 (30.739) 135.249 40,000 149.048 8.000 695.717 384.852 661.520 385,832 28. ANALYSIS OF CASH AND CASH EQUIVALENTS Group 2024 Group 2023 Charity 2024 Charity 2023 Cash at bank and in hand 1,956,880 567,835 1.933.373 551.320 1.956.880 567,835 1,933,373 551,320 29

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 29. PENSION COMMITMENTS The company operates a defined contnl)ution p8nsion ￿hoMe. The assets of th8 scheme ar8 held separately from those Df the compary in an independenly administered fund. The pension cost tharge ￿presents contribuiions payable by the company to the fund and amounted to £5,000 (2023: £8.000). Contrbutions total￿n9 £Nil (2023.. £Nil) wer8 payable to the fund at the balance sheel date are irKluded in creditors. The company operates a final salary defined benefrt pension sthEme. The company parbcÉpales in the Local Govemmenl Pension Scheme. The Local Govemment Pension Scheme is a d8fined benefit scheme based on final pensionable salary. Three members of staff are members of the scheme. which is closed to new members. The Trustees a￿ monitoring the polential impact of the final emplosee leaving the scheme and the liabilty crS+sts11ising. The most recent valuation VRS carried out as at 31 March 2024. and has been updated by independent actU8rie5 to the Hampshire County Coun(al Pension Fund (the Fund) to take a￿OUnt of the requirements of FRS102 in order to assess the liabilities of the Fund. Scheme assets are stated at their market V81ues at the respectr've balan￿ sheet dates and overall expected rates of retum are established by apptying published brokers. ft>recasts to each category of scheme assets. The assets and liab11￿.es of Ihe scheme at 31 March are: 2024 2023 Scheme assets at fair vaue Equtues Gov8mm8nt bonds Multi 8sset credit Cash Propety Other 2.032.400 824.800 2.232.000 639.000 25,800 288,300 8T7.700 43.000 263,000 697.000 Fair value of scheme assets Present value of scheme liabilities 4,049,000 3.874.0fy) (4.146.000) (4,017.000) (97,000) (143,000) The pension plan has not invested in any of the Chartys properties (x other assets used by the group. The amounts recognised in Ihe Stalement of Financial Actiwties are as follows: 2024 2023 Current service c05t Nel interest on defined benefit labilty (6,000) {7.000) {17.000> {30.000) Total r6cognised in net income {13,000) {47.000) Asset gainsl(losses) ari￿n9 dumg the period Liabilty gainsl{losses} arising during the period Total recognised in other comprehensive incomé 162.000 (108,000) (270.000) 1,286,000 54.000 1,016.000 30

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Main assumptions: Discount rate CPI Irfflation assumption Pension increases Pension accounts revaluation rale Salary increases POst￿r8tireMent mortalty. Current pensioners at 65- male Future pensioners at 85 - male Current pensioners at 65 - female Future pensioners at 65 - female 22.1 22.6 24.7 25.7 23,3 23.8 25.7 26.7 The post-retirement mortality assurnptions allow for expected irKreases in longevity. Th8 °current° disclosures above relate to as$umptK)ns based on longevity (in years) following retirement at the balance sheet date. wth Yuture. bèing that relating to an employee retiring in 2040. Changes in the present value of the defined benefrt obligalions are anaw as follows.. 2024 2023 Opening defined benefit obligation Current service cost Interest expense on defined benefit obligation Contributions by scheme parlicipants Benefits paid Actuarial lossesl(gains) 4.017.000 5.315.000 6.000 17.000 185.000 141.000 2,000 2.000 {172,000) {172,000) 108.000 (1.286,000) Closing defined b8n8fit oNigation 4,146,000 4,017,000 Changes in the fair value of scheme assets were as follows: 2024 2023 Opening fair value of scheme assets Remeasurement (lossesygains Interest income on assets Contributions by employers Beneftis paid Contributions by scheme participants 3,874,000 162,000 178,000 5,000 (172.000) 2.000 4,195,000 (270,000) 111.000 8.tJJo (172.000) 2.000 Closing defined benefit obligation 4.049.000 3,874,000 31

BOROUGH OF HAVANT SPORT AND LEISURE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2024 30. OPERATING LEASE COMMITMENTS Group At the balan￿ sheet date, the group had annual commitrnents for ewipment under non-cancellable operating leases as follows: 2024 2023 Less than 1 year Beknn 1 and 2 years Betr￿n 2 and five years More than 5 years 96,257 96,192 72,222 g6,257 96,257 168.415 264.671 360,929 32

lor zon. IMPACT REPORT Horizon Leisure Centres 2023-24

STUF)101 FIIIESSM .FOCU MO¥E What We Do At Horizo￿ our mission transcends beyond the provision of fitness ond leisure services Horizon stonds out os o beocon of excellence in terms of cOmTh￿nity engagement and the promotion of wellbeing. We are dedlcated to fostering inclusive communitles and empowering Indlviduals to lead lieolthier, happier live& Winner of the Leisure Trust of the Year at the NatIor￿1 Fltness Awards and reclpient of the Community Business of the Yeor ot the Portsmouth Business Excellence Awards. Our facilities and programmes are designed to be accessible to OIL regardless of age, ability, or background. Our efforts aim to make a tongible difference In people's lives, enhancing their physical and mental heolth. HorizoNs impact extends far beyond our facilities, walls, wlth a total sociol value of over £0.5 million. We are actively shaping a brighter future for our communities through partnerships outreach programmes, and grassroots initiative& Joln us in our journey towards bulldirKJ healthier, happier and more connected societies. Our commitment is simple yet profound. to offer a welcomlng safe erniironment where everyone feels accepted and encouraged to become the best version of themselves. Whether seeking (rffordable fitness experiences, engaging in sporting Octivities, or opportunities for personal growtty Horfzon Is here to serve our community. A deep understanding of the vital connection between physical activlty and overoll wellbeing drlves Horizon. By inspiring Octive lrfestyles we con create healthier and happier communities Horizon hos generated over £6.5m in social volue across the group

Local and National Winners Where We Are National Fitness Awards 2023 In 2023, we were recognised (rt the Notlonal Fltness Aw¢)rds with Hovont Leisure Centre wlnning Leisure Trust of the Vear. The prestigious event recognises and honours the very best fltness frjciltties ocross the county. Horizon operates Havont ond Waterlooville Leisure Centres, Horizon Guildford, and Horizon Wellbeing Hub. These establishments serve as community hubs, offering diverse sporting, leisure, and wellbeing opportunities. Anv surplus generated is reinvested into our facilities, ensuring thot we maintoin high standards, meet customer demands, and continuously enhonce the customer experience. Competing against top leisure operators in the UK to win this coveted aword. Havant Lelsure Centre Gym was recognised for its high quolity and Innovative ftAcilities quality customer services and the lird(s to Horizon's Wellbeing Hub where customers con take their first steps to t￿aItI￿ This includes a ronge of heatth checks and subsidised membershlps where they can build Confidence as their frtness level grows. Hampshire" Havant Havont Leisure Centre, Civic Centre Road, Havont, Hampshire P09 2AY N A T l O N A L FITNE55 AWARDS 2 0 2 3 WINNE Waterlooville Woterlooville Leisure Centre, Waterberry Drive, Waterlooville, Hampshire P07 7UW The News - Business Awards 2024 To compliment the National Fitness Awor we ulso won Comnwnty Business of The Year at The News Business Excellence Awords presented at Portsmouth Guildhall. Wellbeing Hub Meridian Shopping Centre, Elm Lane, Havant, Hampshire, Pog IUN The awards have been running for over 20 years and for us to be recognised locally for community is a huge honour. Both owards are o testament to the teams that work across the centres arKJ reflect the hard work and commitment given to enhoncing the Ilves of local people. Surrey Guildford Epsom Rd, Merrow, Guildford, Surrev GU4 7AA BUSINESS E AVCELLENCE Av AWARDS 2024 WINNEII ,. Impact Report

CEO Overview Mike Lyons Another standout achievement was the opening of Horizon Guildford. With an investment of over Elm by Horizon the centre has welcomed nearly 2,000 new customers, encouraging them to embrace o more active lifestyle and fostering a sense of belonging within the communitv. Reflecting on the last yeor, l am extremelv proud of Horizon's achievements and our focus on the future. We continue to develop our programmes based on the needs of local people and recognise that everyone's health journey is different. In November 2023 Horizon were successful at the Notional Fitness Awards 2023 winning the prestigious title of Trust Gym of the Vear. Woterlooville Leisure Centre also made the final, which wos an excellent result ond demonstrates the quality of our customer offering - a huge well done to all involved! Horizon continues to make a positive impact in the community, and this is underpinned by the work we carry out with our partners. We recognise thot through effective collaborotion we con ochieve more, and we will continue to build on our strong portnership with Havant Borough Council, supporting their wider plans for the health and wellbeing of the Borough. As the Chief Executive of Horizon, l am proud of the commitment and hard work shown bv the Horizon team. Together, we will continue to push boundaries and I look forward to more achievements in the coming year. We wi51 continue to align ourselves with health partners tockling heolth inequalities ond supporting the NHS in the prevention of health conditions. As a chority, this type of work is extremely importont to us, connecting us with those with greater support needs. I'm delighted to see the number of visits increasing by 15.95 % from 942,000 visits in 2022/23 to 1,092,329 in 2023/24. In June 2023, in partnership with Havant Borough Council, we unveiled Horizon's Wellbeing Hub in the Meridian Shopping Centre in Hovant. This new initiotive hos proved popular, delivering hundreds of vital health checks for the communitv. This is reflective of the excellent services provided by Horizon. 41or zon

lor"zon_ Statement from the Chair of Trustees Phil Jones l am delighted to say a few words on behalf of the Board of Trustees in our 2023/24 Impact Report. Last year I reflected on the foundotions Horizon wos building and outlined our aspirations to enhonce the delivery of a wide range of accessible, affordable and inclusive programmes. I hope you will agree that this Impact Report provides impressive evidence that we hove met this aspiration and contributed significantly to encouraging octive lifestyles and promoting good heolth ond physical and mental well-being in the communities we serve. As a Board, we are hugely grateful, and proud of what Team Horizon has achieved in the last year. Our Trustees Phil Jones, Choir Peter Lewis, Vice Chair Sara Gohl Peter Mellor As a Board, we are hugely proud of what Team Horizon hos achieved in the last year. We are passionate, innovative and committed, and it is pleasing thot we have been recognised nationally and regionally for what we do and how we do it! Bob Hedlev Jason Crouch Gillian Foster Juliet Bowskill Adrian Rees Ho'izom, Impact Report '?34-"24 1 C4

Horizon Health G Fitness Gym Attendances In 202312024, our gym attendonce across 4 sites, including the new Guildford location ond Wellbeing Hub, surged, with over 531,110 gym visits, marking a significant year-on-year growth of 43 % . This success reflects our commitment to delivering exceptionol fitness experiences, offordoble memberships ond o seamless new customer journey which has attracted new members. While equipment upgrades and new gym programmes have enhanced member engagement and retention. Q4 saw ottrition drop below 30/0, as Horizon eclipsed a record 13,000 members. Our Junior Membership offer welcomed over 300 young people into our facilities. In 2024125. we aim to expand family fitness offerings, introducing classes for children as young os 8 to exercise with their parents. Heolth G Membership Grovdth Gym Revenue increased 29% 13% increase in membership numbers between 2022123 & 2023124 between 2022/23 & 2023124 Group Exercise Participotion In 2023124 visits to group exercise classes were 126.802 compared to 90,854 in 2022123 an increase of 39%. Gym Vislts 2022123 were 371,546 compored to 531,170 in 2023124. This represents an impressive year on year increose of 159,564 visits 430/0 growth. Group Exercise Our group exercise progromme greatly enhances our overall health and fitness proposition. Research highlights its role in boosting motivation and achieving health goals. It fosters social connections, enhancing overall wellbeing and community spirit. By analysing usage and feedback dota, we expanded our programme, resulting in a significant increase in studio occupancy and participotion. In 202312024, our exercise studio programmes hosted 126,802 customers, 0 390/0 rise from the previous year. Now, l in 4 of our odult customers engoge in group classes at least once per month, reaching 3090 participotion (l in 3) in peok months, surpassing sector averages. The programme continues to evolve, providing o more diverse range of classes. This will be enhonced in 2025 where odditional exercise studios will form part of a significant investment programme at Waterlooville Leisure Centre.

(I 111.

Swimming Swimming Is on essentlol life skill that supports so many other areas of both childhood and adult developmenL We continue to provide swimming lessons for local schools and academies having taught over 3,023 school children in 2023124, with 17.577 attendances. °Sport England's latest Actlve Llves Children and Young People report shows thot In the UK 72% of chEldren In Year 7 meet the guidelines to swim competentty and confidently over o distance of at least 2 whlch is down 4% compared to 12 months ago and 6.3% below pre-pandemlc levels.. Swim School We offer an excellent Swim SC￿01 for both children ond adults. The Swim School provides adults and young people from the age of four on opportunlty to develop key skills and to enjoy swimmlng from an early age. At Horizo￿ we also offers over 200 I￿UrS of swimming lessons eoch week to o variety of ages and ability levels. Our oim is to enoble our swimmers to reach their full potential, d￿delopIng a clear progresslon pothway into competitive swimming. Our Swim School hos expanded and rM)w provides swimming lessons ot our Guildford site, wlth 3300 people leaming to swlm across the three centre& Swim School Development Our onllne portal ollows porents to closely track the progress of their children. The Swim School has also expanded its programme introduclng swlmming lessons for Home Educated children as well as Community lessons for adults sn partnership with Havant Borough Council. Addltionally, we have Introduced Swimmer of the Week, which recognises chlldren that have excelled In a particular swlmmlng dlsclpline or level. Thls Is shared ucross our soclol medto platforms each week and gives the chlldren and families the confidence in Horizon s Swlm School. We continue to provide one to one swlmmlng lessons for swimmers of all abilltles. This has led to one Swimmer being recognised as the Junior Disabled Sportsperson of the Year at the Havant Borough Sports Association 42nd Annual Awards in February 2024. Our Swlm SclKJoI provides Parent and Boby swlmming lessons which provide an opportunity for parents and babies to bond in a fun and safe environment

Horizon Swirn School reached a record high of 3200 people leamlng to swim across three centres which represents a 99.782 SWSM School attendar in 2023124 Increase year on year Havant G Wuterlooville Swimming Club IHWSC) Founded In 1991 the swimming club provldes competitive swimmlng for both Children and Adults. Having strong links with the Horizon Swim SchooL the swimming club provides the perfect link for children who enjoy swimming and would like to experience Competitio￿ improve technique ond build confidence. It is great to see the progress made by so muny young people as they develop their swimming skills, mony started their journey with Horizon's Swim School. Many of the swimmers pO￿ntS e￿0V usirKJ the Gyms and crttend classes whilst their children troSn In the pool. Also, a number of older swimmers use the junior gym ond take up Lifeguard positions for Horizon. In the recent Hampshire County Swimming Championships swlmmers from HWSC won c number of gold, silver ond bronze medals. Additionally we had one of the lorgest number of swimmers achievlng quolSfying times and then progfessing through to the Regional Championshlps. We also hove a squad of Masters swimmers aged from 18 years to nearly 80 years. Demonstrating that swinNning Is o sport for life. Susan Dewar - Secretary HWSC Horizori Impact Report 2022-24 | 08

Community Health G Wellbeing Horlzon is committed to Improving the health an(J wellbeing of our local community. In 2023124 we launched a range of heulth and wellbeing progrommes which are speclfically designed to support people with greater needs or those ot rlsk of long-term heolth conditions. Led by the Community Health and Wellbelng Manager a wide ronge of health initiatives provide Integral support for residents of the Borough. Unfortunatelyi the UK population is around 20% less active than In the1960s. If current trends continue, it will be 35% less active by 2030. Wrth over 50s sports clubs and youth memberships fiourlshingl we continue to moke o genuine dlfference within the community thot we serve and we were very proud to be nominated in February 2024 for Community Business of the Year. Physical Inacttvlty Is associated wlth one in six deaths in the UK and is estimated to cost the UK £7.4 billion annually (including £0.9 bllllon to the NHS alone). Community wellbelng at Hor120n does not discriminate and we will constantly strive to provide support to the communlty, wherever possible. At Hori20n, we believe that everyone should have the opportunity to be active. Physical activity is essential for maintaining a healthy body and mind, enhancing quality of life, and fostering a sense of community. We strive ro offer a programme that meets the needs of everyone in our community, regardless of age. gender financiol status, or background. Our gool is to offer a variety of programmes and opportunities to help more people reap the benefits of o physically active lifestyle, enabling them to live longer healthier lives. Emma Cunningham Community Health S Wellbeing Manager Horizon Heulth Referrul Scheme The Health Referral Scheme hos supported over 500 people to be octive whilst living with Specific health conditions. This has resulted in an increase in referral memberships but olso adherence In physical activity. We have welcomed over l466 attendances to our health ond wellbelng elosse& These classes not only provicle a crucial role in promotlng good physicol health but also as a way to soclalise with others with simllor conditions working towards reducing loneliness and isolation. This scheme helps people living with speclfic health condltions monage their health through Increasing their physlcol activity where they moy not hove the confidence to be active wlthout the support of our Health coaches who are specificauy trained in exercise for various health conditions. This year our top reasons for refemil were: l) Joint Injury Rehabllitotion 21 Osteoarthritis 3) Lower Back Poin

Around ! IM A adults do not meet the Chief Medical Officer's recommendations for participation in physical octivity. (150 minutes of moderate intensity activity per week) Due to the success of the Falls Prevention class we introduced last year at Havont, we have v rind Strong class in partnership with Southern Heolth NHS Community Physiotherapy team. Around l in 3 (340k) of UK men and "' in 2 (420/0) of UK women are not active enough for good health.

Communitv Engagement We believe that people should be active regardless of thelr ability leveL age, gender, background or finonclol status. Horizon is committed to breaking down barriers to participation in physical activlty. Lost yeor we delivered physical octivity sessions out in the community for Havont ancl East Honts Mind's mental health charity. We had over 1,691 visits ot our community clcjsses in o local church hall. We have introduced a number of Initiatives over the last yeor to increase activity levels across the borough. Lost year. we ran 7 tea dances for our local community attended local outreach events including Party in the Worren and local school fetes. All aimed at greater engagement with local people. We octively connects wth o wide network of community-based organisations across the regiorn including our local health care professlonals social prescrlbers, community organisations such as Off The Record and Havant ond East Hants Mind. We also recognise thcrt not everyone has the ability to access our leisure centres so we offer a number of community based activitie& Community Discount Card There has never been a more crucial time for us to support our customers to be active. We recognise that mony locol families are on lower incomes, and therefore we want to provide as much support as possible so that price does not become o barrier. The community discount cord enobles fomilies on lower incomes to access o voriety of activities ot discounted rotes with savings of up to 400/0. We have been promoting the community discount cords across the borough with locol housing associations with the support of Havant Borough Council and have seen on )>:

Wèl being Horizon Wellbeing Hub In June 2023 we launched the Horizon Wellbelng Hub, situated in the heart of Havant's Meridian shopping centre. We recognised thot we needed to reach our community In dlfferent woys and make our leisure centres more accessible. 41orizon Since it s launc￿ we hcNe welcomed l438 vlsits through the doors to support people to Improve their health ond wellbeing by health checks. small group exercise classes and targeted programmes to support people to use our leisure centres includlng welght monagemenL Falls Prevention and launched our new Beat It programme in March 2024 to support people to manage their blood pressure through in¢￿ased physical activity and lifestyle change& ..i¥e1￿ Impaet Reporr *3_.241.12"

Health G Wellbeing Programmes Flourish Flourish, our 12 week weight management programme. in partnershlp with Hampshire county Council, has supported over 320 lodies to collectively lose weight. with 92% of those completing the programme showing on improvement in their health and wellbeing. Wlth over 500 applicants this scheme is in high demand and due to its success Hampshire County Council huve extended the fundlng into 2027. "Flourish ha5 been Informative, engaging and its been invaluable for increasing my confidence to be able to exercise again. I've learnt about the heolth implications of weight loss and other detrimental effects on your health. I've also learnt how to eat better track macros and enjov eating without feeling 'bad'. It's been great to do this in a group environment, with all women where I felt sofe. Flourish Participant '1 FLOURISH

Vine Medical Group We hove continued to work in partnership with the Vine Medical Group to support our community through o number of initiatives. These include monthly visits to our porent and baby group by a GP from the Vine Medical Group to provide advice ond guidance to parents/corers and the option to have their boby weighed. ESCAPE-pain We have continued to deliver ESCAPE- pain courses which help people to monage osteoarthritis of the knee or hip through education and lower limb strengthening. This course has been effective in improving the quality of life of those living with the condition, and served as a goteway for people to go onto longer term physicol octivity options such as long term condition swim, walking netball and low impact circuits. The support for this group goes beyond the physical impoct and provides a support network for those living wilh the condition. Delivering health walks for Vine Medical potients os part of an organised monthly walk to help support patients to improve their health and wellbeing through increasing activity through walking. ESCAPE-pain of the 20 customers on the course: 09% had a reduction in stiffness Walking Netball 64Q/o ha reduction in pain .920/0 had an increase in their activities of daily living This year Get Up and Go funded three volunteers to ottend on England netball course, to enable them to lead our walking netball sessions. This yeor we have had 238 visits for walking netball. The sessions are a greot addition to our timetoble, ollowing for a sociable, fun group to participate in a slower paced version of a much loved sport. el eas 113rizo, Impact Report 2023-24 | 14

Children G Young People Physical activity is integral for children and young people. It helps to build the foundotions to lead a healthy happy Ilfe, both in terms of physical and mental healttrL From a young age, physicol octlvity helps develop gross motor skills self-confidence and improves educotlonal outcomes. In 2023124 our focus to drive more activities for children wos unprecedented with fantast5c resuts In Oceans of Play Soft Play Centre, Junior Gym, Crèche, Sports Clubs, Free & Actlve and the launch of THRIVE. Pluv Wlth over 28.231 v5s1ts in the year 2023124. Oceans of Play Soft Play Centre continues to be a powlar choice for families in the borough. Junlor Gym We saw a junlor gym attendance of 4.653 visits In 2023124, which regularly reaches full capacity. To compliment the junlor gym offer, in Apiil 2024 we introduced THRIVE to provide a more comprehensive offering for all children ond young people, to meet the demand and needs of our locol children. In 2024125 we plon to build on this success through the relaunch of Horizon birthday partles and new events for both chlldren und families Crèche Fucilities Hofi20n is very proud to deliver a crèche provision at both Havant and Woterfooville centres. This is invaluable for local parents and carers allowlng them free time to Improve their personal health knowing th(rt their child is in a safe, welcoming and stimulating environmenL Our crèche is a lifeline for many parents who wish to be active and we want to help break down barfiers to physical activity including childcare. Not only is this service included as part of our membership it is also accessible on a pay as you go basis giving parents options when flnonces moy be squeezed. We have welcomed 11278 visits in 2023124 at our crèches across both Havant ond Woterlooville.

Junior Activities We offered Holidoy camps at Christmos, summer and February holf term for our local children and young people to come ond be active. Partnering with Activ8 Minds who hove a strong reputation for delivering high quality and engaging holidoy camps since 2014. There were Holiday Activites and Food (HAF) funded spaces to ensure the camps were occessible to those on lower income. Sports Clubs Our Gymnastics and Trompolining programmes have grown in popularity reaching record occuponcy levels of 87% (Gymnastics) and 70 % (Trompolining). We have had over 4,928 ottendances ocross both progrommes throughout the yeor. As a result we hove odded both adult and additional needs sessions. We hove made investments into our equipment and staff to ensure we deliver the highest quality lessons to help our children thrive. Free & Active Summer 2023 saw the return of our free and active sessions. Over 6,000 visits took place across our Havant ond Waterlooville centres during the six week school holidays. We are so proud to offer free activities for local children and young people as we believe everyone should have access to swimming. In the Hovant Borough we are lucky to be in close proximity to the beoch but this makes swimming such o crucial life skill. Family Fun Day S THRIVE In March 2024 we welcomed 179 visits to our open day to showcase our new ofter school activity programme THRIVE. We're delighted to offer 42 new weekly classes for 2024125 across all three of our centres. , Impact Repor 10

Our People At Horizo￿ we prioritlse a positive work culture, emphosising diversity, inclusio and respect while fostering employee growdl developmenL and wellbeing. Our core values: Passlonate Respectful Innovatlon ynamic Empowering 76% of staff agree Horizon is a great place to work PRIDE guides our decisions and shapes our organisational culture. Our Investment in people is reflected in the very positive results from both our Employee Net Promoter Score (ENPS) and annual Employee Engagement Survey. The ENPS score for 2024 wos 50, and we were also dellghted to be short-listed for the PortsmoLrth News 'Employer of the year Award 2024,. Horizon Academy Creating an environment where everyone con learn and grow is a kev priority for our business ond has led to the development of our very own Horizon Academy. We received a 'Highly Commended, award for Learning at Work Week 2023, recognising our efforts in Inspiring a Lifelong Leorning Culture. 25 % of our people attended external training and IOOO/o received some form of in-house training in 2023/24. We believe thot investing in our people strengthens our business and community. Alongside workforce investment, we support initiotives like Linkup Leigh Park, apprenticeships, work experience programmes, local job foirs ond school events. We are also proud to be a Disability Confident Employer. Horizon Impact Report 2023-24 | 17

Financial Summary 2023/24 Total Group Income increased Sarah Smith, Head of Finance 31% In 202312024 there hove been some notable investments using the surplus and reserves made during prior years, including the expansion into two successful new centres, refurbishment of existing health and fitness focilities, a new boiler at Havont and upgrade of the IT infrastructure. compared to 2022/23 2023/24 Total Group Expense increased Despite current economic conditions, Horizon hos continued to flourish. Memberships and casuol income hove risen and our sites are busier now than pre-covid, seeing income increase 310/0 vear to yeor. 26% compared to 2022/23 Costs have increosed 20% year to yeor, howeverwith careful cost control, Horizon makes informed decisions that are best value for the community it serves. Horizon try to source local suppliers wherever possible, and this accounted for around 25% of operational expense in 202312024. Membership income increased 28% versus budget target in 2022/23 Horizon hos hod another positive year and the outlook for the following years is optimistic. Swim income increased 25% versus year end budget Horizon have attracted £54,132 in externol grant funding to deliver Flourish, wellbeing walks and a 0-5 years children's referral pilot project

Events We at Horfzon contlrKAe to enrfch the Havant Borough with diverse events oppeoling to both locols and newcomers fostering communty engogement and entertainment In 2023/24, we introduced a fresh orroy of events includlng familv celebrotions, comedy evenings fashion shows Mlxed Martial Arts (MMA) competitions an(1 children* entertrjinment Our partnership wlth Havant Borough Council extends to hosting local elections ot Hovant Leisure Centre, while locol primary schools utilise our facilities for orect sports meetlng& we're proud to once again host the Hovant Borough Sports Awards evening honouring the ocfuevements of ' trilented local athletes. Around 200 attendees celebrated thelr successes Looking we wlll continue to evolve Introduelng new and 1nnoi40ti￿ events ' diversifying revenue opportunities whilst providlng fantastic arts music and entertainment experiences for the local orea. This exponsion sets us as o true entertainment destination for the borougty solidifylng our commitment to enriching corfvrwnty fife through d￿arniC events and inclusive initlotive& STAFF fill .1 Impact Report .-')23-24 119

400% 1,000 Increase in private function booklngs attendances at both the MMA ond Comedy Evening events £31.000 in revenue generated from 'Events' bookings for 2023124 new events launched including Hampshire Fencing and Pickleball Festival 12,000 200 attendances to our Events in 2023124 celebrated the Havant Sports Awards 245 300 dancers hosted in our leisure centres Warhammer participants and 200 sword fighters

Our Future Direction Our aim is to attract more local people into regular participation in physical octivitv, continuously innovoting and introducing new octivity programmes that meet the needs of locol people. Working colloborotively is key to our success, Horizon is committed to nuturing a robust and sustoinoble partnership with Hovant Borough Council, supporting the implementation of a comprehensive wellbeing strategy for the borough. In line with its ethos of innovation ond service excellence, we will continue to cultivate a culture of transformotion, adoptobility, ond responsiveness to evolving industry trends. Embracing o philosophy of continuous improvement. we will focus on operational and strategic improvements, enhancing service stondords for our customers. Furthermore, we remain committed to forging strong partnerships with health providers, using physical activity to prevent specific heolth conditions and reduce associated pressure on the NHS. Bolstered by post achievements, particularly in Guildford, Horizon is poised for ambitious growth and diversificotion, actively seeking new opportunities while ensuring alignment with its core vision, mission, and values. Horizon Waterlooville We are committed to improving services at Woterlooville Leisure Centre and in 2024125 there will be a significant investment which will enhonce the facilities for local people. Our ongoing collaborotion and partnership with Havant Borough Council underpins our dedication to communitv interest. Havont Borough Council have contributed £2.Im in Secion 106 funding and £200.000 has been secured through Winchester City Council through o successful CIL (Community Infrastructure Levy) bid Horizon is contributing in the region of £400.000, which will ensure that a high quality transformotion is ochieved, making Waterlooville Leisure Centre the venue of choice for residents of the Borough. Aligned with community needs, our development plans include outdoor focilities, a state-of-the-art gym, two additional exercise studios, new crèche, soft play and spa focilities. 4lorfzon Internally, the proposed refurbishment seeks to enhance the member experience with high quolity facilities for oll ages and obility levels. This £2.7 million project demonstrates our commitment to the community and to our partnership with Havant Borough Council.

Collaboration We recognTse the need for effective collaboration on a local, regional and notional level. Our partners help us deliver our wider aspirations for the organisation and achleve our eI￿rItable objectives. Local Partnerships Havant IIAty Hampshire County Council BOROUGH COUNCIL Wincllester Vine NHS NHS Medlcal Group Hampshire Hospitals Southern Health NHS Foundatlon Trust NHS Foundation Trust-." , Eneryise AT Artive8 Minds" HELPfor HEROES meiidlan OTR OFF Thl PXO National Partnershlps Le5MILL5 Leisure e-wepain Horizon Impact Report 2023-24 | 22

Hofizon Leisure Cenires is o chority ond compony limited by guoroniee which opeToies the Havant and Waterlooville Leisure Cenires on beholf of Hovont 8orough Council Under leosÈs since Ocrober 1997. Horizon Havant Horizon Guildford Horizon Woterlooville lor°zon_ horizonlc com