Charity Reglstratlon No. 1074808
Company Registration No. 03531443 (England and Wales)
TAMESIDE SPORTS TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
TAMESIDE

TAMESIDE SPORTS TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Martin Nield
Chris Easton
Daniel Clark
Jacqueline Moores
Julian Sexton
David Wadsworth
Phillip Brown
Aron Shaw
Louise Nolan
Gareth Hurfurt
{Appointed 6 September 2023)
(Appointed 6 September 2023)
(Appointed 31 July 2024)
(Appointed 31 July 2024)
Charlty number
1074808
Company number
03531443
Reglstered offlce
Ken Ward Sports Centr8
Hattersley Road East
Hattersley
Hyde
Cheshire
SK14 3NL
Audltor
Chadwick & Company (Manchester) Limited
Chartered Accountants
Statutory Auditors
Capital House
272 Manchester Road
Droylsden
Manchester
M43 6PW
Bankers
The Co-operative Bank PIC
1 Market Place
Ashton-under-Lyne
Lancashire
OL6 6DL
Sollcltors
Pannone & Partners
23 Deansgate
Manchester
M3 2BU

TAMESIDE SPORTS TRUST
CONTENTS
Page
Trustees, report
Statement of trustees, responsibilities
Independent auditorfs report
9-12
Statement of financial activities
13
Balance sheet
14
Statement of cash flows
15
Notes to the financial statements
16-33
The following pages do not fomi part of the audrted financial statements..
34-35
Detailed ststement of financial activities

TAMESIDE SPORTS TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The directors present their report and accounts for the year ended 31 March 2024.
The financial slatements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Trust's Articles of Association, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as
amended for accounting periods commencing from 1 January 2019).
structure, governance and management
Tameside Sports Trust {the Trust) is a company limited by guarantee and governed by its Articles of Association
adopted on 21 November 2018. It is registered as a charity with the Charity Commission. Each director has a
liability limiled to £10 each in the event of the winding up of the charity. The Board has adopted the 2016 Code for
Sports Governance produced by Sport England and Sport UK. The trustees have delegated the day to day
management to the chief executive officer Reg Patel (appointed 22 May 2023).
The directors who are also the trustees for the purpose of company law and vtho served during the year were..
Jon Kealing
Martin Nield
Chris Easton
Daniel Clark
Jacqueline Moores
Julian Sexton
David Wadsworth
Michaela Bowker
Phillip Brown
Aron Shaw
Louise Nolan
Gareth Hurfurt
(Resigned 31 May 2023)
(Resigned 17 July 2024)
(Appointed 6 September 2023)
(Appointed 6 September 2023)
(Appointed 31 July 2024)
(Appointed 31 July 2024)
Recrultment and appolntment of new DlrectorJ
The Board consists of no less than three and no more than eleven directors of which up to two can be nominated by
Tameside Melropolilan Borough Councll. The remaining directors are appointed from within the local community by
process of advertisement, application and interview. Each director would expect to serve for three years before
reselection or retirement.
Induction and tralnlng of trustses
New Directors are given an induction summarising the activities of the Trust, the role of the directors, an
organisalion chart, board meeting procedures and contact details. All new direclors provide a signed declaration
confirming the director understands their responsibilities and obligations as a director.
Board Meetings
The directors meet every two months. Ad-hoc groups are organised as and when required for unique
considerations. The organisation is in the pro￿$5 of creating three sub groups for deeper consideration.

TAMESIDE SPORTS TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Relatlonshlp wlth related partles
The Trust has a close relationship with Tameside Metropolitan Borough Council (The Council) for whom It manages
the Borough's sports and leisure facilities to deliver their community use function. Council facilities include Active
Copley, Active Medlock, Active Ashton. Active Hyde, i-Train. Tameside Wlellness Centre Denton, Acliv8 Etherow,
Active Ken Ward, Active Oxford Park, Tameside Cycle Circurt and Adventure Longendale.
In September 2023 This estate sadly reduced due to a combination of factors including spiralling eXJSts of delivery
and also due to the site conditions. Ultimately Active Ashton and Adventure Longdendale both ceased to operate but
an agreement was reached with the landowners and a private individual to take over the services at Active Etherow.
The remaining facilities now consist of five swimming pools, one of which, Hyde also operates a bespoke leisure
pool, and five state of the art gyms and dance studios. In addition, Ken Ward Sports Centre and Oxford Park
provide a further two gyms and two dance studios and a 1km outdoor cycle track with classroom and oTrsite
facilities.
There are currently two council nominated directors who are the Chair of the Board and as shown above. In
addition, the Chief Executive and the Chair of the Sports Trust have regular meetings with senior Council officers.
The Trust has an agreement with the Council to operate the Council's sports facilities and deliver sports activities,
the outcomes of which are determined by a number of agreed partnership objectives.
The Trust has an agreement with Copley High School for the provision of sports facilities at Active Copley. Copley
High School is part of Great Academies Education Trust {GAET). And also. an agreement with TMBC to operate the
catering services at Loxley House and through Jigsaw Homes we additionally operate the catering service at Beatrix
House.

TAMESIDE SPORTS TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Objectives, actlvltles. achievements and performance
The Trust's objectives and principal activities, as contained in its Articles of Association are:
"To provide or assist in the provision of facilities for recreation or other leisure time occupation for the general public
in connection wilh the Tameside Metropolitan Borough and its surrounding ar8as (and such other areas as the
Trustees determine from time to time) in the interests of sorial welfare."
AS an organisation over the previous years we have become so much more than this to our community. morphing
into a deliverer of Health. Wellbeing, and social care services, working with TMBC and key stakeholders focusing
attention on the most affected in our society- This approach has received local and national accolath, and we are
seen in our industry as a force for community good and change.
The Information below shares this journey with some key metrics for capturing context. We have Introduced,
developed, and expanded several of our services during this year such as:
The Adult Daycare Services for Adults with disabilities and additional needs delivered 28,468 sessions to
clients throughout the year.
We delivered 13,188 hours of holiday and respite care to children, young people and adults wlth a
disability or additional needs throughout this year.
Through our 'Live Active. scheme- we delivered 2,471 referrals of which 61 % are actively engaging. This
year we have seen a new reintegration model reduction which will ensure greater numbers coming
through the pathway with 92% uptake from referral.
Our Fuel for Fun hollday activities sessions experienced 71,201 attendances across the year and In
addition providing 53,920 nutritional meal food hampers for families affected across the borough.
New GM integrated NHS partnership funded post for SEND Participation officer to support families and
young people who are on long-tem waiting list for diagnosis and signpost to new and existing community
provision.
Tameside sport and physical activity Network ITSPAN) has 127 affiliated clubs, group & Faith
organisations in Tameside who focus on tackling inequalilies and ensuring they are sustainable for future
generations. This resulted in supporting clubs in leverage of exiernal funding in Tameside £125.200.
Active Tameside delivered Bikeability level 1 & 2 road safety training program to year 6 pupils in Tameside
primary schools, on behalf of Tameside MBC from funding through Active travel England.
We also received £66,000 from Sport England for the deepen submission of the local delivery pilot for
work we are doing around falls prevention. This will bring an additional 400 clients into the Live Active
service. Additional funding has been agreed from 2025-2028 which will enable an additional 1200 people
with a long-term condition to come through the service.
Our Active Education team- delivering high quality physical education and developing a child's
understanding of physical literacy in school curriculum. with 368,968 attendances and supported with the
delivery of after school sports clubs delivering after school clubs with 16,066 attendances. Which provided
pathway into community sports clubs and physical activity groups for 358 young people.
TSPAN supported 38 underprivileged volunteers with mandatory and NGB qualifications.
Active Tameside delivered a Health & Wellbeing program (Active Body Active Mind) funded through NHS
(SEND Improvement) which supported 30 schools to improve and instil mental coping strategies.
Active Education introduced Mini Medics which is a basic introduction to first aid and deliberation aimed at
key stage 2 children. We have currently delivered to 16 schools or 960 children in its inception year.
Active Tameside also increased the number of contracts to deliver in partnership with a range of local
organisations, Adult Day Care services, Early Years & school readiness, Jigsaw homes, Active body
Active mind, Bikeability and delivery of the Holiday activty & Food grant.

TAMESIDE SPORTS TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Working with Sport England and its partner organisations to produce credible social return on investment metrics
which must shift the discussion from the sector to an imperative investment opportunity and proof positive that we
could and should be a bigger part of the answer through our health and social impacts as it is made significantly
tangible in the metrics above. This is being delivered in partnership with 4Global and Moving Communities platform.
This year in addition to the soclal outturns we have enhanced our physical estate by investing and refurbishing the
dance studio at Active Copley and environmentally by installing LED lighting.
Through the GMCA and the borough council funding for investing in energy efficiency measures at Adiv8 Hyde
including additional solar panels, replacing all internal lighting to LED and through the installation of air source
heating pumps have all been introduced to improve the sites energy efficiency and reduce the companies carbon
footprint. The same scope of works have also been actioned at Active Medlock with the additionality of cavity wall
insulation around the old sports hall structure
Health and Fitness revenue in particular has grown this year, not just from the recovery of membeT5hip levels
peaking at over 13,487 monthly members including our Live Active clients, but also, from enhan￿d overall yield via
pricing and promotion which encouraged upgrading. Put simply. the proportion of high yielding Premier direct debit
memberships grew steadily reaching £24.35 per membership for our overall yield including our Live Active
concessionary Pfices.
The same growth was also being experienced in our other key commercial income streams. Private learn to Swim
weekly lessons capacity had held firm despite our closure of a key site Active Ashton retaining 5,757 across our
remaining estate.
In addition, the Active Tameside Digital App which is our primary platfomi for live information sharing. queries and
booklng classes and session8 has now been downloaded by over 71,666 individuals, wilh 17,001 new downloads
this year.
The plan that was developed to enable the delivery of a balanced budget in 2023124 was successfully implem8nted
during the financial year. The closing of 3 sites - Ath've Ashton. Adventure Longdendale and Etherow - has been
achieved with little or no negative impact to the Trust - redundancies were successfully avoided and membershlp
retention exceeded expectation.
More than 60Vo of the Active Tameside work force vRre on the National MinimumlLiving wage which now
concertinas 4 grades of posts into the one singular rate of pay stretching from Cleaners to Sports Coaches. It's also
the case that year by year, a bigger and bigger proportion of the Workfor￿ is dragged into MinimumiLiving wage
status as 'mainstream' inflationary awards fail lo keep pace. In the light of improved financial performance during
the current financial year a pay award has been agreed for April 2024 that will separate out the lower pay grades
and give all staff a more than inflationary pay award. By April 2025 the aim is to have all employees (aged 21+) on
at least the Real Living Wage, to ensure compliance with Tameside Borough Council's agency management plan.
In conclusion, 2023124 has been an exceptionally challenging year. However, the Trust has ended the year in a
much stronger position than could have been expected. and looking fotward to an even stronger 2024125 with
significant surplus anticipated.
Rlsk management
The major risks to which the charity is exposed. as identified by the directors. have been reviewed and systems
have been established to mitigate those risks.
strategic report
The description under the heading "Financial review, meets the company law requirements for the trustees to
present a strategic report.

TAMESIDE SPORTS TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Publlc beneflt
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when
reviewing our aims and objectives and in planning our future activities. In particular the Directors consider how
planned activities will contribute to the aims and objectives they have set.
The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have
due regard to the public benefit guidance by the Charity Commission for England and Wales.
Charltable actlvltles
To supplement the provision of high-quality leisure facilities the Trust remains committed to developing a high-
quality service. The Trust is working with partner organisations to introduce cost effective, fit for purpose, peer
quality assurance processes.
Flnanclal revlew
The financial statements have been prepared on a going concern basis, which presumes that the Trust will continue
to receive financial support from the Council by means of a management fee. The management fee from the
Council including the health contribution has been settled at £777,000 for 2023124. This figure has again been
agreed for 2024125 as the amount available to assist with the concessionary rates required and maintenance costs
of operating the estate.
To supplement the provision of high-quality leisure facilities the Trust remains committed to developing a high-
quality service. The Trust is worklng with partner organisations to introduce cost effective. fit for purpose, peer
quality assurance processes.
Charity's main income comes from health & fitness memberships throughout the centres, plus the commissioned
services delivered on behalf of Tameside local authority. The Trust also delivered various programmes on behalf of
local schools which include swimming, bikeablity and football. Total income for the year ended 31 March 2024 was
£14,490,375 (2023.. £ 14,103.643) from Charitable Activities which is an increase of 2.7% from the previous year as
operations continue to grow.
Total expenditure for the year ended 202312024 was £ 15,927,253 (202212023 £ 18,671,636), a decrease of 150/0 as
the Trust was able to demonstrate sound financial management and control costs.
The Trust had an overall funds £4,577,636 as at 31 March 2024. This included an increase in the pension fund
surplus to £8,903,000 (2023 £7,438,000) and was an asset on the balan￿ sheet.
Reserves pollcy
It is the aim of the Directors to build up unrestricted reserves to cover a reasonable level of f￿Ure management,
administration and support costs. Due to the on-going effects of recent challenge5, the Directors have not included
an annual conlribution for 2023124 but remain committed to developing a reserve policy to 5UPPOrt the medium-term
financial strategy.
The Restricted Reserve of £376,065 represents the balance of the development funding for the Ashton, Copley &
Hyde Facility refurbishment plus funding was also re￿iVed for major refurbishments such as Denton Wellness
Centre and ITrain (Dukinfield).
Investment pollcy
The Trust does not at this stage in its development consider it necessary to have a formal investment policy. Since
its formalion all surplus monies have been invested on our behalf through the Trust's bankers who have provided us
with access to an interest bearing Reserve Account.

TAMESIDE SPORTS TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employee Involvemont
Tameside Sports Trust operates an all-inclusive equal opportunities and diversity policy in relation to employment
applications.
The Trust is striving to be an effective Equal Opportunities Employer. The purpose of this policy is to provide
opportunities to all in employment irrespective of gender, race, ethnic origin. disabilities. age, nationality, national
origin, sexuallty, religion, marital status and social class. We oppose all foms of unlawful and unfair discrimination.
This year's analysis tells us that we have a gender pay gap for 2024 of 3.14% vA)ich means that the average pay for
males is higher than female, this is a decrease from 7.02% on last year. Active Tameside's employs more females
than males with a 59% of employees being female; this is a 1 % increase on last year.
The Trust is committed to the ongoing development and training of all its employees who it considers to be its most
valuable asset. As such an employee who becomes disabled will be provided with any necessary training to ensure
Iheir continued employment within the Trust. The Trust has a comprehensive stsff review procedure which ensures
that the training requirements and the career development of all its employees.
The Trust produces a bimonthly newsletter which is distributed to every member of staff which includes information
relating to the performance of the organisation and also any information and "news" items that may be considered
relevant to the staff. The Senior Leadership Teams also hold regular meetings with site and service staff to ensure
they are updated on all key activtty.
Future Developments
An application to Sport England for capital investment funding (Via the council) has been successful and plans are
being developed to install a solar panel scheme at Tameside Wellness Centre - Denton which will reduce the sites
electricity consumption in the forthcoming years.
The company has managed the facilities reduction plan during 2023124 and will in 2024125 consider optlons for
growth where a strong, robust business model can offer assurances that profit will be created in the appropriate
timeframe.
Prlncipal rlsks and uncertaintles
The Trust continues to receive funding from Tameside Metropolitan Borough Council by way of a management
charge. TMBC is also the biggest single credrtor excluding the Local Government Pension Scheme. The biggest
risk facing the Trust is the unprecedented increase in utilities and rises in the national living wa3e and Real living
wage.
Golng Concern
The directors have reviewed budgets and cash flow forecasts for the periods to 31 March 2025. They beli8ve the
Trust has sufficient financial headroom coupled with energy efficiency savings and robust income streams to have
sufficient confidence in the organisation's financial resilience. The directors have considered the budgets, forecasts,
the proposed savings and future income and consider them to be reasonable.
After making enquiries and considering the issues described above, the directors have a reasonable 8xpectation
that the Trust has adequate resources to continue in operational existence for Ihe foreseeable future. For these
reasons they continue to adopt the going concern basis of accounting in preparing these financial statements.
Dlsclosure of informatlon to audltor
EaGh of the Irustees has confirmed that there is no infomiation of vthich they are aware which is relevant to the
audit, but of which the auditor is unaware. They have further confimied that they have taken appropriate steps to
identify such relevant information and to establish that the auditor is aware of such information.

TAMESIDE SPORTS TRUST
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Audltor
A resolution proposing that Chadwick & Company (Manchester) Limited be reappointed as auditors will be put to the
members.
On behalf of the board of Directors
Phillip Brown
Dlrector
17 December 2024

TAMESIDE SPORTS TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also the directors of Tameside Sports Trust for the purpose of company law, are responsible
for preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the trust and of the incoming resources and application of resources, including the
income and expenditure. of the charitable company for that year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed. subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the trust will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial posilion of the trust and enable them to ensure that financial statements comply with the
Companies Act 2008. They are also responsible for safeguarding the assets of the trust and hence for taking
reasonable steps for the prevention and detection of fraud and other I￿egUla￿ties.

TAMESIDE SPORTS TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TAMESIDE SPORTS TRUST
Oplnion
We have audited the financial statements of Tameside Sports Trust ('the trust,) for the year ended 31 March 2024
which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to
the financial statements, including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practi￿,.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described In the Auditors responsibilities for the audit ol
the accounts section of our report.
We are independent of the trust in accordance with the ethical requirements that are relevant to c￿r audit of the
accounts in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical r&8ponsibilities In
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concem basi8 Of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relatlng to events or
conditions that, individually or collectively, may cast significant doubt on the the trust's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other Informatlon
The other information comprises the information included in the annual report other than the finartial statements
and our auditor's report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and, except to the extent
othe￿iSe explicitly stated in our report, we do not express any fonn of assuran￿ conclusion thereon.
Our responsibility is to read the other information and, in doing so. consider vthether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have perfomied, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.

TAMESIDE SPORTS TRUST
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE MEMBERS OF TAMESIDE SPORTS TRUST
Opinions on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the vrfork undertaken in the course of our audit:
the information given in the trustees, report, which includes the directors, report and the strategic r8POrt
prepared for the purposes of company law, for the financial year for which the financial slatements are
prepared is consistent with the financial statements., and
the strategic report and the directors, report included within the trustees, report have been prepared in
accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of the knowledge and understanding of the trust and its environment obtained in the course of the audit,
we have not identified material misstatements in the strategic report or the dir8Ctors' report included within the
trustees, report.
We have nothing to report in respect of the following matters in relats'on to which the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not been received
from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not re￿iVed all the information and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of
the trust for the purpose of company law, are responsible for the preparation of the financial statements and for
being salisfied that they give a true and fair view. and for such internal control as the trustees determine is
necessary to enable the preparation of financial statements that are free from material misstatement, whether due
to fraud or error.
In preparing ihe financial statements. the trustees are responsible for assessing the trust's ability to continue as a
going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of
accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no
realistic alternative but to do so.
Audltor's responslblllties for the audlt of the financlal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
wilh ISAS (UK) will always detect a material misstatement when 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 statements.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. httPS'.11
www.frc.org.uklauditorsresponsibilities. This description fornis part of our auditors report.
Extent to which the audlt was considered capable of detectlng Irregularltles, Includlng fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line wilh our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including
fraud. The extent to which our Pro￿dureS are capable of detecting irregularities, including fraud, is detailed below.
We considered and updated our knowledge of the company's specific industry and its regulatory environment, and
reviewed the company's documentation surrounding the policies and procedures relating to fraud and compliance
with laws and regulations. We also enquired of management about their own identification and assessment of the
risks of irregularities. Based on this understanding, we identified and assessed the risks of material misstatement in
the financial statements and designed and performed audit procedures in response to those risks.
10-

TAMESIDE SPORTS TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TAMESIDE SPORTS TRUST
We identified the key laws and regulations that have a direct effect on the determination of material amounts and
disclosures in the financial statements, the most significant of these is the UK Companies Act 2006 but also
includes the Charities Act, Health & Safety Act. Food Hygiene Act and regulations on Chemical and SUbStan￿s
Harmful to Health (COSHH} . We also gained knowledge of the legal and regulatory frameworks which do not have
a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to
operate or to avoid a material penalty.
Audit rosponse to rlsks identlfled
The audit engagement team were made aware of the potential opportunities and incentives that may exist within the
company for fraudulent activity and how and where fraud might occur or b8 concealed within the financial
statements.
In common with all audits under ISAS (UK), we are also required to perform specific procedures to respond to the
risk of management override of controls. In addressing the risk of fraud through management override of controls,
we tested the appropriateness of journal entries and other manual adjustments,. assessed whether the judgements
made in making accounting estimates are indicative of a potential bias- and evaluated the business rationale of any
significant transactions that are unusual or outside the normal course of business.
In addition to the above, we designed procedures vthich included:
enquiring of management and those charged with governance concerning actual and potential litigation and
claims and any known instances of non-compliance with laws and regulations-
reviewing minutes of meetings of those charged with governance.,
assessing Ihe extent of compliance with the laws and regulations considered to have a direct material effect
on the financial statements or the operations of the company through enquiry or inspection;
reviewing financial statement disclosures and testing to supporting documentation to assess compliance
with applicable laws and regulalions.,
performing detalled audit work on areas identified as being susceptible to management bias and override of
controls, such as provisions, estimates and journal entries, evaluating the business rationale of significant
transactions outside the normal course of business and reviewing accounting estimates for indicators of
bias.,
performing analytical procedures to identify any unusual relationships that may indicate a risk of materlal
misstatement due to fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increas88
the more that compliance with a law or regulalion is removed from the events and transactions reflected in the
financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not
detecting a material misstatement resulting from f￿ud is higher than for one resulting from error, as fraud may
involve collusion, forgery. intentional omissions, misrepresenta￿.on$. or the override of internal control.
11

TAMESIDE SPORTS TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TAMESIDE SPORTS TRUST
Use of our report
This report is made solely to the charitable company's members. as a body, in accordan￿ with Chapter 3 of Parl 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitat4e company's
members those matters we are required to state to them in an auditor's report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
Tracey Connor (Senlor Statutory Audltor)
for and on behalf of Chadwick & Company (Manchestor) Llmlted
Chartered Accountants
Statutory Auditors
Capital House
272 Manchester Road
Droylsden
Manchester
M43 6PW
18 December 2024
12-

TAMESIDE SPORTS TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Restrlcted
funds
funds
Total
2024
Total
2023
Notes
Charitable activities
Investments
14,490,375
1,390,000
14,490,375 14,103,643
1.390,000
789.000
Total Income
15,880,375
15,880,375 14,892,643
Charitable activities
15.739,220
188,033 15,927,253 18,871,636
Net Incomel(expenditure) for the yearl
Net Incomlnglloutgolngl resources
141,155
(188,033)
(46,878) {3,778.993)
Other recognlsed gains and losses
Actuarial gain on defined benefit pension
schemes
944,000
944,000 11,225,000
Nèt movement In funds
1,085.155
(188,033)
897,122 7,446,007
Fund balances at 1 Aprll 2023
3.116.416
564,098
3,880,514 (3,765,493)
Fund balances at 31 March 2024
4,201,571
376.065 4,577,636 3,680,514
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and
expenditure d8rive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the CompaniesAct 2008.
13-

TAMESIDE SPORTS TRUST
BALANCE SHEET
ASAT 31 MARCH 2024
2024
2023
Notes
Flxed assets
Tangible assets
11
684,257
1,258,954
Current assets
stocks
Debtors
Cash at bank and in hand
12
13
34,451
418,143
314,198
34,215
1,671,748
123,441
766,792
1,829,404
Creditors: amounts falllng due wlthln
one year
14
2,803,746
3,883,681
Net Current Ilabilities
(2,036,954)
(2,054,277)
Total assets less current Ilabllltles
(1,352,697)
(795,323)
Creditors: amounts falllng due after
more than one year
16
(2,972,687)
(2,960,163)
Net assets excludlng penslon surplus
(4,325,364)
(3,755,486)
Defined benefit pension surplus
17
8,903.000
7,436,000
Net assets
4,577,636
3,680,514
The funds of the the trust
Restricted income funds
Unrestricted funds
Pension reserve
18
376,065
{4,701.429)
8,903,000
564,098
14,319,584)
7,436,000
4,577,636
3,680,514
The financial statements were approved by the trustees on 17 December 2024
Phillip Brown
Trustee
Company registration number 03531443 (England and INales)
14-

TAMESIDE SPORTS TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flovts from oporatlng actlvltles
Cash generated froml(absorbed by)
operations
23
129.507
(221,892)
Investlng activltles
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
(597.669)
3,449
Net cash generated froml(used In}
Investing actlvltles
3,449
(597,669)
Flnanclng actlvltles
Repayment of borrowings
57.801
52.121
Net cash generated from flnan¢lng
activltles
57,801
52,121
Net Increasel(d•crea8a) In cash and cash
equlvalents
190,757
(767,440)
Cash and cash equivalents at beginning of year
123,441
890,881
Cash and cash equlvalonts at end of year
314,198
123,441
15-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policles
Company Information
Tameside Sports Trust is a private company limited by guarantee incorporated in England and Wales. The
registered office is Ken Ward Sports Cenlre, Hattersley Road East, Hatlersley, Hyde, Chèshire. SK14 3NL.
The Trust is registered with the Charities Commission with reference number 1074808 and also uses the
name Active Tameside.
1.1 Accountlng convention
The financial statements have been prepared in accordance with the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 102) (as amended for accounting periods commencing from 1 January 2019)" The the trust is a Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the the trust. Monetsry
amounts in these financial statements are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Golng concern
The Trust has nel current liablllties of £2,038,954 (2023- £2.054,277) at 31 March 2024 but a defined benefit
pension surplus of £8,903,000 (2023 £7,436,000) which leaves an overall net assets of th8 trust at
£4,577,636 (2023- £3,380,514).
The directors have reviewed budgets and cash flow forecasts for the periods to 31 March 2026. Th&y believe
the Trust has sufficient financial headroom coupled with energy efficiency savings and robust income streams
to have sufficient confidence in the organisation's financial resilience. The directors have considered the
budgets, forecasts, the proposed savings and future income and consider them to be reasonable.
After maklng enquiries and considering the issues described above, the directors have a reasonable
expectation that the Trust has adequate resources to continue in operational existence for the foreseeable
futur8. For these reasons they continue to adopt the going concern basis of accounting in preparing these
financial ststements.
Company status
The charity is a company limited by guarantee and has no share capital. The liability of each member in the
event of winding-up is limited to £10.
1.3 Charltable funds
Unrestricted funds can be used in accordance with the charitable objectives at the dI￿retIOn of the directors.
Restricted funds can only be used for particular restricted purposes within the objectives of the charity.
Reslriclions arise when specified by the donor or vthen funds are raised for particular restricted purposes.
Designated funds are set aside by the directors out of unrestricted general funds for specific purposes or
projects.
Further explanation of the nature and purpose of each fund is included in the notes to the fi'nancial
statements.
16-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
(Contlnuedl
1.4 Incomlng resources
Charltable actlvltles
The fees and charges represent the value of the seprfices and goods provided, excluding value added tax.
Grants
Grants are accounted for on a receivable basis.
Intanglble incom8
Intangible income, which would comprise the use of the donated facilities is not recognised, as there is no
financial cost borne by the third party.
Interest recelvable
Interest is included when received by the charity.
1.5 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in $8ttlement. and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the totsl of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activily are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis
consistent wilh the use of resources. Central staff costs are allocat8d on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Resources expended are included in the statement of financlal activities on an accruals basis, inclusive of any
VAT which cannot be recovered.
Expenditure on charitable aclivities comprises those costs incurred by the charity In furtherance of its
aclivilies and services. It includes both costs that can be allocated directly to such activities and those costs
of an indirect nature necessary to support them.
Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements
of the charity and include audit fees and costs linked to the strategic management of the charity.
1.6 Tanglble flxed assets
The Trust's policy is to write off the costs of the replacement of the landlord's fixed assets to the statement of
financial activities in the year of acquisition.
Major refurblshments
It is the Trust's policy to capitalise expenditure on the major refurbishments and to write off this expenditure
over a period not exceeding their effective useful life as follows-_
over the remaining tenn of the lease
5.1 Ooh straight line
10-33% straight line
Leasehold property refurbishment
Football pitches
IT and general equipment
1.7 Stocks
Slocks are valued at the lower of cost and net realisable value, after make due allowan￿ for obsolete and
slow moving items.
17-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
(Continued)
1.8 Cash and cash 8qulvalents
Cash and cash equivalents include cash in hand, deposits held at call wth banks, other short-term liquid
investments wilh original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financlal Instrum8nts
The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic flnancial assets
Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted In
an active market are classified as 'loans and receivables,. Loans and receivables are measured at amortised
cosl using the effective interest method, less any impairment.
Interest is recognised by applying the effective interest rate, except for short-term receivables when the
recognition of interest would be immaterial.
Derecognltlon of financlal assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or
are settled or when the trust transfers the financial asset and substantially all the risks and rewards of
ownership to another entity, or if some significant risks and rewards of ownership are retained but control of
the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party,
Basic Ilnanclal Ilabilitles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a non basic financing transaction, where the debt instrument is measured at the
present value of the future receipts discounted at a market rate of interest. Financial Siabilities classified as
payable within one year are not amortised.
Trade creditors are obligations to pay for goods or seprfices that have been acquired in the ordinary course of
operations from suppliers. Amunts payable are classified as current liabilities if payment is due within one
year or less.
Derecognition of financial Ilabilities
Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or
cancelled.
1.10 Employee beneflts
The cost of any unused holiday entiilement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to
terminate the employment of an employee or to provide temination benefits.
18-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
(Contlnued)
1.11 Retirement benefits
The cost of providing benefits under defined benefit plans is detemiined separately for each plan using the
projected unit credit method, and is based on actuarial advice.
The change in the net defined benefit liability arising from employee service during the year is recognised as
an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are
recognised as incurred.
The net interest element is determined by multiplying the net defined benefit liability by the discount rate,
taking into account any changes in the net defined benefit liability during the period as a result of contribution
and benefit payments. The net interest is recognised in incomel(expenditure) for the year.
Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return
on the net defined benefit liability excluding amounts included in net interest. These are recognised
immediately in other recognised gains and losses in the period in which they occur and are not reclassified to
incomel(expenditure) in subsequent periods.
The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the
present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds),
less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on
market price information, and in the case of quoted securities is the published bid price. The value of a net
pension benefil asset is limited to the amount that may be recovered either through reduced contributions or
agreed r8funds from the scheme.
1.12 Leases
Rentals payable under operating leases. including any lease incentives received, are charged as an expensa
on a straight line basis over the term of the relevant lease.
1.13 Taxatlon
The charity is exempt from corporation tsx on its charitsble activities.
1.14 Government Grants
Government grants are recognised at the fair value of the asset received or receivable when there is
reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are
met. INhere a grant does not specify performance conditions it is recognised in income when the protseds
are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a
liability.
19-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critlcal accounting estlmates and Judgements
In the application of the company's accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from olher sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Adual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
There have been no material judgements. ests'mates or assumptions conceming the carrying amount of assets
and liabilities in the period.

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Investments
Unrestrlcted
funds
Total
2024
2023
Net interest on defined benefit pension scheme
1,390,000
789,000
Charitable activltles
2024
2023
Staff costs
Pensions
Coaching
Cost of trading
Filness suite expenses
Rent, heat, light and water
Premises repairs and maintenance
Adult social care costs
Slaff training
Depreciation of leasehold property refurbishment
Depreciation of IT and general equipment
Depreciation of football pitches
Loss l (profit) on disposal of tangible fixed assets
7,000,605 7,323,057
657,881
1,554,132
657,477
557,700
656,635
564,123
599,754
527,453
2,016,948 1,928,513
776,188
999,862
346,696 1,046,672
96,928
86,315
185,819
956,877
199,410
463,834
40,989
(83,875>
186,020
13,380,157 15,965,652
Support costs {see note 6)
Governance Costs (see note 6)
2,529,096 2,887,484
18,000
18,500
15,927,253 18,671,636
Analysls by fund
Unrestricted funds
Restricted funds - general
15.739,220 18,037,034
188,033
634,602
15,927.253 18,671,636

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Governance
costs
costs
2024
2023
Insurance
Cleaning
Legal and professional
Travelling expens8S
Telephone, post and carriage
Printing and stationery
Marketing
Bank charges and interest
Bank loan interest and charges
Cash collection service
Sundry expenses
Finance costs
Audit
180,277
91.806
56,077
479.409
21,942
17,595
137,232
119,288
67,801
6.214
335,455
1,026,000
180,277
91,808
56,077
479,409
21,942
17,595
137,232
119,288
57,801
6,214
335,455
1.026.000
18,000
120,180
93,661
172,154
677,717
25,985
26,052
284,874
117,798
52,121
26,241
208,701
882,000
18,500
18,000
2,529,096
18,000 2,547,096 2.705,984
Analysed between
Charitable activities
2,529,096
18,000 2.547,096 2.705,984
Audltor's remuneratlon
The analysls of auditorfs remuneration is as follows..
2024
2023
Audlt of the company's annual accounts
18,000
18,500
Trustees
None of the trustee directors (or any persons connected with them) received any remuneration during the
year, or were reimbursed any expenses.
-23-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees
Number of employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Operational
Management and administration
483
35
476
35
518
511
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
6,617,078
383,527
657,681
6,965,151
357,906
1,554,131
7,658,286
8,877,188
The key management personnel of the trust comprise those persons having responsibility for plannlng,
controlling and directing the activities of the organisation. The compensation of the key management
personnel of Tameside Sports Trust is disclosed in note 22.
The number of employees whose annual remuneration was £60,000 or more were..
2024
Number
2023
Number
£60,001- £70,000
£80,001- £90,000
Of the employees whose emoluments exceed £60.000, one (2023.. 1) has retirement benefits accruing under
defined benefit pension schemes.
10 Taxatlon
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
-24-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Tangibl6 flxed assets
Leasehold
property
returbi5hment
Football IT and ggneral
pitches
equlpment
Total
Cost
At 1 April 2023
Disposals
10.255.977 1.119.740 4,009,585
15,385,302
{2,084,532)
(463,860) (2,548,392)
At 31 March 2024
8,171,445 1,119,740 3,545,725
12,836,910
Depreciation and Impalrment
At 1 April 2023
Depreciation charged in the year
Eliminated in respect of disposals
9.560,491
185,818
(1.943,754)
1.119,740 3,446,117
14,128,348
199,410
385,228
(415,169) 12,358,923)
At 31 March 2024
7,802,555 1,119,740 3,230,358
12,152,653
Camilng amount
At 31 March 2024
368,890
315,367
684,257
At 31 March 2023
695,488
563,488
1,258,954
12 Stocks
2024
2023
Finished goods and goods for resale
34,451
34,215
13 Debtor8
2024
2023
Amounts falllng due wlthin oné year:
Trade debtors
Other debtors
Prepayments and accrued income
197,001
1,194
219,948
1,246,960
4,118
420,670
418,143
1,671,748
-25-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Creditors: amounts falling due wlthln one year
2024
2023
Debenture loans
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
775,193
330,444
849,032
20,770
828,307
729,896
272,110
911,699
418,638
1,551,338
2,803,746
3.883,681
15 Credltors: amounts falllng due after more than one year
2024
2023
Debenture loans
2,972,667
2,960,163
16 Loans and overdrafts
2024
2023
Debenture loans
3,747,860
3,690,059
Payable within one year
Payable after one year
775,193
2,972,667
729,896
2,960,163
Amounts included above which fall due after five years:
Payable by instalments
131,004
131,000
The borrowings include a loan from Tameside MBC repayable over a period of fifteen y88rs by equal
instalments and bears interest at a fixed rate of 5.17%.
There are additional loans from Tameside MBC which are repayable over periods be￿een seven and ten
years by equal monthly instalments and bear interest at a fixed rate of 1.95%.
17 Retlrement beneflt schemes
The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the trust in an independently administered fund.
-26-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Retlrement benefit schemes
(Continued)
Defined beneflt schemes
The company operates a defined benefrt pension scheme.
The scheme funds are administered by Tameside Metropolitan Borough Council on behalf of Greater
Manchester Pension Fund.
The most recent full actuarial valuation was on 31 March 2019 and was carried out by a qualified independent
actuary.
The directors have obtained an actuarial valuation as at 31 March 2024, prepared by Hymans Robertson LLP
only for the purposes of FRS 102 and has no validity in other circumstances.
Key 8ssumplions
2024
2023
Dlscount rate
Expected rate of increase of pensions In payment
Expected rate of salary increases
4.85
2.75
3.55
4.85
2.85
4.91
Mortality assumptions
The assumed life expectations on retirement at age 65 are..
2024
Years
2023
Years
Retiring today
Males
Females
20.4
22.5
20.6
22.7
Retiring in 20 years
Males
Females
20.1
24.3
20.3
24.6
Amounts recognised in the profit and loss account..
2024
2023
Current service cost
Net interest on defined benefit liabilty
673,000
(364,000)
1,717,000
93,000
Total costs
309,000
1,810,000
-27-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 R8llrement beneflt schemes
(Contlnued)
Amounts taken to other comprehensive income:
2024
2023
Return on scheme assets excluding interest income
Actuarial changes related to obligations
750,000
194,000
(296,000)
11,521,000
944,000
11,225,000
The amounts included in the balance sheet arising from the the trust's
obligations in respect of defined benefit plans are as follows..
2024
2023
Present value of defined benefit obligations
Fair value of plan assets
22,071,000
21,062,000
(30,974,000> (28,498,000)
Surplus in scheme
(8,903,000) (7,436,000)
Movements in the present value of defined benefit obligations:
2024
Liabilities at 1 April 2023
Current service cost
Benefits paid
Contributions from scheme members
Actuarial gains and losses
Interest cost
21.062,000
673,000
(748,000)
252,000
(194,000)
1,026,000
At 31 March 2024
22,071,000
The defined benefit obligations arise from plans funded as follows-
2024
Wholly unfunded obligations
Wholly or partly funded obligations
22.071,000
22,071.000
-28-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Retlremènt benefit schemes
(Continued)
Movements in the fair value of plan assets-
2024
Fair value of assets at 1 April 2023
Interest income
Return on plan assets (excluding amounts included in net interest)
Benefits paid
Contributions by the employer
Contributions by scheme members
28,498,000
1,390,000
750,000
(748,000)
832,000
252,000
At 31 March 2024
30,974,000
The actual return on plan assets was £2,140,000 (2023 - £493,000).
The fair value of plan assets at the reporting period end was as follows..
2024
2023
Equity instruments
Debt instruments
Property
Cash
21,372,060
4,846,100
2,477,920
2,477,920
19,378,640
4,274,700
2,564,820
2,279,840
30,974,000
28.498,000
18 Restrlcted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 Aprll
2023
Resources At 31 March
expendad
2024
Restricted funds
584,098
(188.033)
376,065
Previous year:
At 1 Aprll
2022
Resources At 31 March
expended
2023
Restricted funds
1,198,700
(634,602)
564,098
-29-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 R88trlcted funds
IContinu8d)
The restricted fund consists of the balances of a grant received from the Football Foundation towards Ihe cost
of building eight six-a-side football pitches, a grant from The Neighbourhood Learning in Deprived
Communities Fund in respect of fitness suite equipment at Oxford Park Community Sports Centre and the
grant and contributions received in respect of the facility development programme. In 2017 a contribution of
£1,300,000 was received from Tameside Metropolitan Borough Council for building works undertaken in the
development of the iTrain gym. The Council then made a contribution of £1,015,179 in 2020 for the
development of th8 facilities at Tameside Wellness Centre.
The assets are depreciated according to the accounting policies. The net book value of these grants 1$
£376,065 (2023.. £564,098) with depreciation charged in the year of £188,033 (2023: £634,602).
19 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
Galns and At 31 March
losses
2024
At 1 Aprll
2023
Incomlng
resources
Resources
expended
General funds
Pension fund
(4,319.584) 15.880.375 (16,262.220)
7.436.000
523,000
(4,701,429)
8,903,000
944,000
3,116,416
15,880,375 (15,739,220)
944,000
4,201,571
Prevlous year:
At 1 Aprfl
2022
Incomlng
resources
Resources
expendèd
Galns and At 31 March
losses
2023
General funds
Pension fund
(2,071,193) 14,892,643 (17,141,034)
(2,893.000)
(896,000) 11.225,000
(4,319,584)
7,436,000
(4.964,193) 14,892,643 (18,037.034) 11,225,000
3,116,418
20 Analysls of net assets between funds
Unrestrlcted
Restrlcted
Total
Fund balances at 31 Mard12024 are represented by:
Tangible assets
Current assetsl(liabilities)
Long term liabilities
Provisions and pensions
308,192
(2.036,954)
(2,972,667)
8.903.000
376,085
684,257
(2,036,954)
{2,972,667)
8,903,000
4,201.571
376,065
4,577,638
-30-

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Operatlng 18ase commitments
Lessee
At the reporting end date the the trust had outstanding commitments for future minimum lease payments
under non-cancellable operating leases, which fall due as follows:
2024
2023
Within one year
Between two and five years
399,655
396,868
60,072
796,523
60,072
31

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
22 Related party transactlons
Remuneratlon of key managèment personnel
The remuneration of key management personnel is as follows.
2024
2023
Aggregate compensation
277,624
345,864
The charity has a Close relationship with Tameside Metropolitsn Borough Council which nominates two
directors and provides funding to enable the charity to cary on its charitable objectives. The Trust received a
management fee (including public health contributs'ons) in the year of £777.000 (2023 - £777,000).
At the balance sheet date, £225,983 (2023 - £1,117,008) was owed from and £32,036 (2023 - £52.783) due
to Tameside Metropolitan Borough Council.
The Trust received a donation of the use of the facilities, the value of whlch could not be quantified and
therefore has not been induded in these financial statements.
During 2009, a loan of £4,280.000 was received from Tameside Metropolitan Borough Council on which
interest of £36,273 (2023 - £22,191) VRS charged in the year. At the balance sheet date £1,859,656 (2023 -
£1,823,383) as owing by the Trust.
In 2015116 a loan of £1.185,000 was received from Tameside Metropolitan Borough Council on which
interest of £12,504 (2023 - £12,504) was charged in the year. At the balance sheet date £773,516 (2023 -
£761,012) was owing by the Trust.
In 2016117, a loan of £600,000 was received from Tameside Metropolitan Borough Council on whlch interest
of £ nil12023 - £8,402) was charged in the year. At the balance sheet date £402,840 {2023 £402,840) was
owing by the Trust.
In 2016117, a loan of £1,000.000 was recelved from Tameside Metropolitan Borough Council on which
interest of £9,024 (2023 £9.024) was charged in the year. At the balance sheet date £711,848 (2023
£702,824) was owing by the Trust.
The Trust has Local Authority board members and due to the nature of th8 relationship with Tameside
Metropolitan Borough Council, would like to acknowledge them as a related party. These members do not
influence any contracts between the Trust and the council.
Members of the board have links with a number of organisations such as Comerstone Digital Marketing and
Great Academies Trust. Again no advantage is gained from these links.
The Trust is under the control of the directors.

TAMESIDE SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
23 Cash g8nerated from operations
2024
2023
Deficit for the year
(46,878) (3,778.993)
Adjustments for.
Loss on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Difference between pension charge and cash contributions
186,020
385,228
(523,000)
1,481.700
896,000
Movements in working capital:
(Increase)Idecrease in stocks
Decreasel(increase) in debtors
(Decrease)lincrease in creditors
(236)
1,253,805
(1.125,232)
5,003
(639,189)
1.833,587
Cash generatsd froml(absorbed by) operatlons
129,507
(221,892)
24 Analysls of changes In not (debtlnunds
At l Aprll 2023
Cash flow8At 31 March 2024
Cash at bank and in hand
123,441
190,757
314,198
Loans falling due within one year
Loans falllng due after more than one year
(729,896)
(2,960,163)
(45,297)
1775,193)
(12,504) (2,972,667)
{3.566,618)
132,956
(3,433,662)
-33-

TAMESIDE SPORTS TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
INCOMING RESOURCES
Incoming resources from charitsble actlvlties
Management fee
Public health contributions
Swimming
School use
Health suites
Other courts etc
All weather pitches
Fitness suite
Gymnastics
Climbing and caving
Adult social care
Other activities
Bar and catering charges
Sports goods and badges
Vending machine royalties
777.000
269,526
2,542,119
685,968
46,282
119,410
231,313
3,854,929
316,300
213,783
2,176,090
2,354,338
672,827
153,328
77,162
777,000
222,199
2,408,854
649,342
30,987
104,926
208,870
3,476,991
308,808
211,426
1,276,558
3,576,835
617,785
174,317
58,745
Total Incoming re8ource8
14,490,375
14,103,643
RESOURCES EXPENDED
Charltable actlvities
Wages and social security
Pensions
Coaching
Cost of Irading
Fitness suite expenses
Rates, heat, light and water
Premises repairs and maintenance
Adult social care
Staff training
Profit on disposal of assets
Depreciation of leasehold property refurbishment
Depreciation of IT and general equipment
Depreciation of football pitches
7,000,605
657,681
657,477
656.635
599.754
2,016,946
776,186
346,696
96,928
186,020
185,819
199,410
7,323,057
1,554,132
557,700
564,123
527,453
1,928,513
999,862
1,046,672
86,315
(83,875)
956,877
463,834
40,989
(13,380,157)
(15,965,652)
This page does not fom part of the statutory financial statements
-34-

TAMESIDE SPORTS TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Governance costs
Auditors, remuneration
(18,000)
{18,5001
Support costs
Management
Insurance
Cleaning
Legal and professional
Travelling expenses
Telephone, post and carriage
Printing 8nd ststionery
Marketing
Bank charges and interest
Bank loan interest and charges
Cash collection service
Sundry expenses
180,277
91,806
56,077
479,409
21,942
17,595
137,232
119.288
57,801
6.214
335,455
120.180
93,661
172,154
677,717
25,985
26,052
284,874
117,798
52,121
26,241
208,701
(1.503,096)
(1,805,484)
Flnance
Interest cost on defined benefit pension scheme
Interest income on defined benefit pension scheme
1,026,000
(1.390,000)
882,000
(789,000)
364,000
(93,000)
Total resources expended
(14,537,253)
(17,882,636)
Net expenditure
146,878
(3,778,993)
This page does not form part of the statutory financial statements
-35-