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 Sb*egy
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 t*en 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 b*thich 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