Charity Reglstration No. 1074808 Company Reglstratlon No. 03531443 {England and Wales) TAMESIDE SPORTS TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TAMESIDE
TAMESIDE SPORTS TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Martln Nleld Chris Easlon Daniel Clark Jacquellne Moor8S Jullan Saxton Davld Wddsworth Phillip Brown (Chalr- TMBC nomlnaled) Aron Sllaw (fMBC nominated) Loulse Nolan Garelh Hurfurt (Appolnled 31 July 2024) (Appointed 31 July 2024) Charlty number 1074808 Company number 03531443 R8gl8tor8d offlce Ken Ward Sports Centre Hall&rsley Road Easl Halteisley Hyde Ch8shlr6 SK14 3NL Audltor Chadwlck & Company {Manch8sler) Limited Chartered Accountants Statutory Audllors Capllal House 272 Manch8Ster Road Droylsden Manchester M43 6PW Banker8 The C(>operalhie Bank PIC 1 Market Place Ashlonthunder-Lyne Lancasliire OL6 8DL Sollcltors Pannone & Partners 23 Deansgate Manchesler M3 2BU
TAMESIDE SPORTS TRUST CONTENTS Page Trustees. report st2tem8nl of Iruslees, responslbililies Independent audllor's r8POrt 7-10 Slatement of flnandal activilles Balance sheet 12 Slalemenl of cash Ilows 13 Notes to Iho flnanclal slalemenls 14-31 The followlng pages do nol fomi part of the audll6d flnanclal statements: 32-33 Delailed stalemenl of finandal adibrylles
TAMESIDE SPORTS TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The direGtors present Ihelr report and acu)unts for the year ended 31 March 2025. The financAal slatements have boen prepared In accordance with the auntIng pollcies set out In note 1 to the financial slalemenls and comply wilh the Trusl's Artlcles of Association, Ihe Companies Acl 2006 and "Accounting and Reporting by Charilles.. Slalemenl of Recommended Practlce applicable to charities pieparing Ihelr accounls In accordance with Ihe Flnandal Reportlng Slandard applicable In the UK and Republic of Ireland (FRS 102)" (as amendad for accounlSng peflods comm8nclng from 1 January 2019). structur&• governanc8 and management Tameslde Sports Trust (the Trust) Is a company limited by guarantee and governed by ils Artlcles of AssoGialion adopted on 21 November 2018. 11 Is reglslered as a charlly with the Charlty Commlssion. Each direcior lias a liabllily Ilmlled lo £10 each Iii the event of the winding up of the charity. The Board has 8dopted the 2016 Code for Sports GoveTnance produced by Sport Enoland and Sport UK. The Iruslees have delegaled the day to day management to the chlef exèculive officer R&g Palel (appoinled 22 May 2023). The directors who ale 8180 the Irusle88 for the purpose of MpanY law and who seprfed durlng tha year were: Martln Nleld Chrls Easton Danlel Clark Jacquellne Moor88 Jullan Sexton Davld Wadsworth Mlchaela Bowker Phlllip Brown {Chalr- TM8C nomlnaied) Aron Shaw ITMBC nominated) Louls6 Nolan Garelh Hurfurt (Reslgned 17 July 2024) (Appolnted 31 July 2024) (Appointed 31 July 2024) Rècrultment and appolntment of new Dlrector8 The Board conslsls of no less Ihan three and no more than 818ven dlr8Ctors of whlch up to Iwo can be nomlnaled by Tameslde Melropolilan Borough Council. The remalnlng directors are 8ppolnted from wilhln the local communlty by a process of advertisement, appllcalion and inleNlew. Eath director would expect lo serve for three years before reselecllon or reliremenl. Inductlon and tralnlng of trustees New Dlreclors are glven an Inducllon summarlsing the adlvllles of Ihe Trust, the role of the dlreclors. an organlsallon chart, board meeting procedures and conlact details. All new dlrectors prode a slgned declarallon confirmlng the director understands Ihelr responsibilities and obilgatlons as a director. Board Moetings The directors meet every Iwo months. Ad-hoc groups are organlsed as and when requlred for unlque conslderations. The followlng sub groups meel on an ad-hoc basls.. Finance and rlsk Saf8guarding
TAMESIDE SPORTS TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 R61atlonshlp wlth relatéd parties The Trust has a close relallonshlp wilh Tameslde Melropolllan Borough Coun1 (The Council) for whom11 manages the Borough's sports and 16lsure facilities lo deliver Iheir communiiy use function. Councll facllllles Include Acllve Copley, Acllve Medlock, Acllve Hyde, Active ITraln, Tameslde W8lln6ss Cenlre - Denlon. Acllve Ken Ward, Aclive Oxford Park and Tameslde Cycle Circuit. Thè facllllles conslsl of four swlmmlng pools, one of whlth. Acllve Hyde also operates a bespoke freeform lelsure pool, and five state of the art gyms and dance sludlos. In addlllon. Adlv8 Ken 1Olard Sports Centre and AclEv8 Oxford Park prode a further two gyms bolh wilh dance sludlos, with Ken Ward also offering a maln gymnasliGS hall with two supporting sludlos along wllh Iwo 11 grass pltches and 2 synlhelic 5 a slde cages. W8 also have 4 - 6 a side synthellc caged pitches avallab18 al Copley aiid at Medlock, and In addition we have a 1 km outdoor cycle track with classroom and on-slle facllllles al Tamaslde Cycle clrcull. Wlh an array of supportlng services and facllitles scattered Ihroughoul Ihe 8slale. There are currenlly two council nomlnaled dlrectors who are the Chalr of the Board and as sliowii above, In addillon, the Chlel Execullve and the Chalr of the Sports Trust have regular me6lings wllh senlor Councll offl¢ers. The Trust has an agraemenl wlth th8 Councll to operaté tha Coundl's sports faalltl8s and deltv8r sport8 acllvllias, th8 outcomes ofwhlch are deleTrnlned by a number of agreed partnérshlp objecllvès. The Tru81 has an agreement wilh Copley Academy for Ihe PrOs1on of sports fa¢llllles al Acllvè Copley. The Academy Is part of Great Academies Educatlon Trust (GAET). And 8180, an agreement wilh TMBC lo operate Ihe caterlng seNlces al Loxley Hou88 and Ihrough Jlgsaw Homes we addilionally operale Ihe calering s8Nlce 8t 88alrix House and Beaumont Place. Objectlves, actlvlties, aGhlevemènts and performance The Trust's objectives and princlpal acllvilies. as conlalned In Its Artldes of Assoclatlon are.. "To prode or assisl in th8 provlslon of facllltles for recreallon or other leisure Ilme occupalion for Ihe gener81 public in conneellon with the Tameside Melropolllan Borough and Its Surroundlng areas (and such olher areas as the Trustees determlne from Ilme lo lime) In Ihé Interests of soclal welfarn." As an org8nlsation we have become so much more than thls to our communlly. morphlng Into a deliverer of Health, Wellbelng, and social care setwicès, working wilh TMBC and key stakeholders focusing allenllon on the most affected In our sociely. Thig approach has recelved lo¢al and nalional accolade. and we are seen In our Induslry as a foice for Gommunlly good and change. In the Ilght of Improvlng flnancial performance the planned In-year pay award that almed lo separale out the lower pay grades and give all staff a more than Inflationary pay award, was implemented In April 2024. In a¢Jdilion, a further pay award for April 2025 has been agreed and budg&led for, and from Aprll 2025 all employees (aged 21 +) will be on al least the Real Llvlng Wage, lo ensure compllance with TMBC'S agency managemenl plan. In concluslon, the Trust ended 2024r25 In a slrongar than budgeted financlal poslllon. and a balanced budgel for 2025126 has been achleved. Risk manageinent The major risks lo which Ihe tharity Is exFK>sed, as klentilled by the direGlors. have been revlewed and Systems have been established to millgale those risks. strateglc report The description under the headlng "Flnancial review" meels the company law requiremenls for Ihe Iruslees to present a strategic report.
TAMESIDE SPORTS TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Publlc baneflt We have referred lo Ihe guldance conlalned In the Charity Commission's general guidan on public benefit when revlewliig our aims and objectives and in plannlng our fulur6 activilles. In particular the Dlrectors con8ld8r how plann8d aclivllles wlll contribu18 to Ihe alms and objeclives Ihey have sel. The Trustees conflrm that Ih6y have complled wllh Ihe requirements ol secllon 4 of Ihe Charilles Act 2011 to h8V8 due regard to the publlc benefit guidance by Ihe CharSly Commission for England and Wa185. Cliarltable actlvltles To supplement the provlslon of hlgh-qualily leisure facllllies Ihe Trusl ramaiiis coinmltted lo developlng a hlgh- quallly s6rvlce. Th8 Tnjsl Is wotklng with partner organlsallons lo introduce cosl effectlve, fit for purpose, peer quallly assurance processes. Flnanclal revlew The finanGidl slalemenls have b88n preparèd on a golng concAm basls, whlch prèsumes thal the Tru81 wlll continue lo recelve financlal support from the Councll by means of a management f98. The managemenl fee from the Councll incliiding the heallh conlrlbulion was sellled al £777.000 for 2024125. Thls figure, plus Inflallonary incraase, has been 8gre8d for 2025126 as the amounl avallable lo asslsl wllh Ihe concesslonary rates required and malnlen8nc8 Gosls of operallng the eslale. The Charlty's maln Income comes from health & fitness m8mb8rshlps, plus Ihe ¢ommi5sloned servlceg dellvered on behalf ol Tameslde local aulhorlty. The Trust also dellvered various progr8mmes on behalf of local schools, whlch Include BlkeabllSly, swimmlng and football. The total Income for the year ended 31 March 2025 was £14,782,813 . {2024: £14,490,375) from Charilable Aclivilies, whlch Is an Increase of 2% from Ihe pre08 year as operallons conllnue lo orow. Total éxpèndlture for th8 year ended 31 March 2025 was £15.325.264 (2024: £15,927,253), a d8crea8é of 3.8% as Ihe Trust contlnued lo demonslrate sound finandal manag8menl, conlrol and value for money. The overall funds of the Twst have be8n restated In Ilne with 8Ctuarial r6commendallons. The Trust has not recognlsed the pension asset poslllon, restrictlng Iho surplus to £nll and redudng actuarlal galns by the sam8 amounl. Re88Nes pollcy 11 Is the aim of the Directors lo bulld up unreslrfcled reserves to cover a reagonable level of future management, admlnlslration and 8UPPOrt costs. 11 Is a priorlly of Ihe Dlreclors to develop a rèseNes pollGy Ihal supports the medlum-term financlal slralegy and ensures finBncAal slablllty and reslllence of the Trust. The Re8lriGled ReseNe of £188,032 represents the balance of the development fundlng for the Ashton, Copley & Hyde F8cilily refuTblshment plus fundlng was also recelv8d for malor refurblshm8nls as Denton Welln8ss Cenlre and ITraln (Duklnfiekl). Investment pollcy Tlie Trust does not al Ihls stage in ils development conslder it necessary lo have a fomal investment pollcy. Slnce its formallon 811 surplus monles have been Invested on our behalf Ilirough the Tiusl's bankers wlio have provided us wilh access lo an inleresl bearing Reserve Account.
TAMESIDE SPORTS TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employee liivolvement Tameslde Sports Trust operal8s an all-inclusive equal opportunllles and diverslly pollcy In relatlon lo employment appllcallons. The Trusl Is striving lo b8 an effecllve Equal Opportunllies Empl¢)yer. Th8 purpose of thls policy is lo provlde opportunllles lo all in employmenl Irrespective ol gend8r. race. elhnlc origln, dlsabilllies, age, nationallly, nallonal orlgln, sexuallly, rellglon, marilal slalus and social ctass. We oppose all forms of unlawful and unfair discrlmlnalion. Thé Trust Is commltled lo Ihe ongolng developmenl and Iralnlng of all ils employees wholl conslders to be118 most valuable assot. As such an employee who becomes dlsabled wlll be provided wilh any necessary Irainlng lo ensure Ihelr conllnued employmenl wilhln the Trust. The Trust has a comprehensive staff revlew procedur8 whlch ensuros that tho Iralnlng requlremeDls and Ihe careèr development of all Its employ88S. The Trust plans to relnlroduc8 a blmonlhly n8wslell6r whlch 1$ distributed lo every member of staff whl¢h Indudes Informallon relallng to the p8rformance of the organlsallon and also any informatlon and "news Items Ihat may be consldered relevanl lo the slaff. The Senlor Leadershlp Teams also hold regular moellngs wllh slle and servlc8 slaff lo ensure they are updated on all key aclivily. Future Dovelopment8 The applicallon lo Sport England for capllal Inveslment funding (vla the counril) that was succe8sful In 2024 has r88u118d in Ihe planned Inslallalion (Aprll 2025) of a solar panel scheme at Tam6sld8 Wellness Centre - 06nlon, whlch will reduce the si18's electficily consumplion in Ihe forthcomlng years. The company wlll manage th8 facilllles reductlon plan as a prlorlly for the forthcomlng year of 2025r26 and wlll considei. opllons for growth where a strong, robusl buslnass model can off8r assurances Ihal profil wlll be crealed In Ihe approprlate tlmeframe. A consullallon programme, cmMIsSIOned by the Councll, Is undeThvay dudng 2025126, The purpose of the programm8 Is to secure an extension of the currenl contract for a further 15 years (from April 2028). 11 Is antlclpat8d Ih81 the priorllles for Ihe Councll wlll be lo ensure Ihal the servlces and leisure provlslon offered by the Trust are fully cillgned lo the strategic objeclives of Ihe local aulliorlly. Prlnclpal rlsks and iincertalntles The Trust conlinues lo receive fundlng from Tameside Metropolllan Borough Councll by way of a management charge. TMBC Is also the blggesl slngle credltor exduding the Local Government Penslon Scheme. Golng Concern The direclo¥s have revlewèd budgets and cash flow forecasls for the peTlods lo 31 March 2026. They b81iev8 the Trust has sufficlenl financlal headroom coupled wilh energy efficiency savlngs and robust income streams lo have sufficlenl ¢onfldence in the organlsalion's finan¢lal resllience. The dlreclors have consldered the budgets. foreGasts, the proposed savlngs and fulure Income and conslder them to be reasonable. After maklng enqulries and con81derlng Ihe Issues descrfbed above, the dlrectors hav8 a reasonable expeclallon Ihat the Trust has adequale resources lo conlinue In operational exislence for the foreseeable future. For Ihesa reasons Ihey contlnue to adopt the going concern ba$ of accounting In preparfng these financlal $latèmenls. Dl$¢losure of Infomiatlon to audltor Each of th8 Iruslees has confirmed Ihat there is no Infom)ation of which Ihey are aware whlch is relevant lo Ihe audil, bul of whlch Ihe auditor is unaware. They h8ve further confirmed Ihal they have taken appropiiate steps lo Idenlify such relevant Informalion and to eslablish that the audilor is aware of such Infonnalion.
TAMESIDE SPORTS TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Audltor A resolulloh proposing that Cha(Kvid( & Company (Manthesler) Llmlled be T8appoinled as auditors wlll be pul to the members. On behalf of the board of Dlrèclors Phllllp Brown (Chalr- TMBC nomlnated) Dlrector 19 November 2025
TAMESIDE SPORTS TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Iru51ees, who are also the direclors of Tameside Sports Trust for Ihe purpose of company law, are responsiblo for preparlng the Trustees, Report and the financial slalemenls in accordance with applicable law and Unlled Kingdom Accounling Standards (United Kingdom Generally Acc8pl8d Accounting Pr8clice). Company Law requlres ITuslees lo preparo finandal slalemenls for each financlal year whlch glve a true and falr view of the slate of 8ffalrs of Ihe Injst and of the Incomlng resources and 8ppIIc8tlon of resourGes, inclLtding Ihe Income and expendlture, of the charllabl8 eompany for that year. In preparlng these financlal statements, Ihe ITUStees are requlred lo: select sullable accounting policles and Ihen apply them ¢onslslenlty; observe Ilie methods and princlples In the Charllles SORP; make ludgemenls and eslimal8s Ihal are reasonable and prudent., state whether appllcable UK Accounllng Siandards hav8 been followed, subjecl to any malerlal departures dlsclosed and explalned In the flnandal slalemenls., and prepar6 the financlal slalemenls on the golng concem basls unles811 Is Inapproprlale lo presume that the trust wlll conllnue In operallon. The Irustees are rosponsible for keeplng adequate aCntIng records that disclose wllh r8880nable accuracy al any Ilme Ihe financlal posllion of Ihe Iru8t and enable them to ensure that financlal slalemenls comply wllh the Companles Act 2006. Th8y are a180 re8ponslble for safeguardlng Ihe assets of Ihe Irust and henc& for taklng reasonable steps for the pr8venllon and delecilon of fraud and olh8r irregularllles. Company law requlres the trustees lo prepare ftnanclal slalemenls for each fin8ndg1 year whlth glve 8 Irue and falr vlew of the slate of affairs of lh8 the Irusl and of the incomlng resources and applicallon of resourGes, Includlng the income and expendllure. of thè charllable company for that year. In pr8parlng these financlal stalemenls, the trustees are requlr8d to: select sullable accounling pollcies and Ihen apply them conslslenlly: obSee Ihe methods and princlples In the Charilies SORP., make judgements and estimales that are Teasonable and prudenl: stale whether appllGable UK Accounllng Standards have been foll0vd, subject lo any malerfal departure8 dlsclosed and explained in Ihe finandal slalemenls: and prepare the flnanclal slalemenls on Ihe golng concern basls unless11 Is Inapproprlate lo presume Ihal Ihè the trust will conllnue In operation. The Irustees are responslble for keeplng adequale accounting records that dlsdose wilh reasonable accuracy al any Ilme the financlal posillon ol the the Irusl and enable Ihem lo ensure that the financlal slalemenls comply wllh the Companies Act 2006. They are also responsible for safeguardlng the assets of the Ihe Irust and hence for taking reasonable steps for the prevenlion and delection of fraud and other irregularilles.
TAMESIDE SPORTS TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TAMESIDE SPORTS TRUST Opinlon We have audlled the financlal slalemenls ol Tameslde Sports Trust <'lhe trust,) for the ye8r ended 31 March 2025 whlch comprise the slal8ment of financial acllwlles, the ba18nce sheet, the slalemenl of cash Ilows and the notes 10 the financial slalemenls, Including a summary of slgnificanl accounling pollcles. The financial reportlng framework Ihal has been applied In Ihelr preparalion Is appllcable law and Unlled Klngdom Accounting Standards, includlng Financial Reportli)g Standard 102 Th8 Flnancial R8POrting Slandard applic8bla In Ihe UK and Ropubllc of Ir818nd {Unil&d Klngdom Generally Accepted Acenunling Pracllce). In our opinlon, the financlal slatemenls.. glve a true and falr vlew of the sl8le of the charilable company's affalrs as at 31 March 2025 and of ils Incomlng resources and applicallon of resources. including its inrxjme and expendilure. for the year then ended; have been prop8rly prepared In accordance wllh Unlled Kingdom Generally Accepted Accounllng Practice: and liav8 been prepared in accordance wllh the requlr8ments of the Companies Act 2006. Bas18 for oplnlon We conducted oui. audll Sn accordanc8 wllh Inlemallon81 Standards on Audlllng (UK) (ISAS (UK)) and appllcable law. Our responsibilities under those slandards are further descrlbed In the Audllofs Trspoi?slbllilies for th8 aiidll of Ihe accounls secllon of our report. We are Independent of the Iru81 In accordance w61h Ihe 8lhlcal iequlremenls Ihat are relevant to our audlt of the accounls In the UK, Includlng th8 FRC'S Elhlcal Standard, and we have fulfilled our other elhlcal r&sponslbllilies In aGcordance wllh these requlreM8nls. We believa Ihal the audll evidence we have obtalned Is sutflclenl and appropriale lo provlde a basls for our oplnlon. Con¢lu81on8 rélatlng to golng concern In audlllng the financial 81alements, we have CA)nduded that lh6 IruGlee8' US8 of Ihe golng con¢em ba81s of accounllng In the pr8parallon of the financlal slalemenls Is approprlate. Based on the work we have performéd, we hw48 nol idenllfled any matèrial uncertalnlle8 relating lo events or condlllons th81, Indlvldually or collectively, may cast signifi¢anl doubt on the Ihe Irust's ablllly to continu8 as a golng concern for a perlod of at least Iwelv& months from when Ihe finandal 8lal8menls are authorised for Issue. Our responslbllilies and the responslbilliies of Ihe Irusleès wllh respect lo golng concern ara descrlbed In the r8levanl secllons of Ihls reporL other Inforinatlon The other Informallon comprises the Informalion included In Ihe annual report olher than the financlal 5tatemenls and our audllorfs report Ihereon. Tho trustees are responslble for Ihe oll)er informallon contained wllhin the annual report. Our opinlon on the financlal statemenls does nol cover the other infom)allon and, except to the extenl olherwl8e expllcilly staled in our repoti. we do nol express any form of assurance conduslon Ih8r80n. Our responsiblllly Is to read the othèr informatlon and. In dolng so. ¢onslder wheth8r the olher Informallon Is mateilally Inconslslenl wllh the financlal slalemenls or our knowledge oblalned in th8 course of Ihe audll, or 01heiSe appears lo be materially misslaled. If we idenllfy such material inconsislencies or apparent malerlal misslalemenls, wo are requlred lo delermine whether this gives rise lo a material misstalemenl In the flnanclal slatemenls themselves. If, based on the work we have performed. we conclude th81 there 18 8 malerlal mlsslalem8nl of this other Informallon. we are requlred to report that fact. We have nothing lo report in Ihls regard.
TAMESIDE SPORTS TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF TAMESIDE SPORTS TRUST Oplnlons on other Inatters prescribed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of our audll: the information glven in Ihe Iruslees, report. whlch includes the direGlors' report and the straleglc report prepared for the purposes of company law, for the flnanclal year for which Ihe financlal statements are prepar&d is conslslenl wilh the financlal slatemenls- and the slralegic report and the direclors, reporl included wilhln the trustees, report have been prepared in accordance wilh appllcable legal requlremenls. Matt8rs on whlGh we are rèqulyed to report by exceptlon In th8 light of the knowledge and underslandlng of the twsl and Ils envlronment obtained In the course of Ihe audll, we have nol Idenllfled malerlal mlsstalemenls In the slraleglc rewrt or lh6 direclors, report Included wllhln Ihe Iru51e8s' report. We h8V8 nothlno lo report In Tespecl of Ihe lollowlng matters In rel81ion lo whlch Ihe Companles Act 2008 requlres us to report lo you If, In our opinion.. adequale accounling records have not been k8pI, or reluins adequate for our audll have not been recalv8d from branches not visited by us: or the financial stalemenls are not In agreemenl wilh the accounllng records and relum8,' or Certain dlsclosures of trustees, rèmuneration specified by law are not made; or we have not received all the Information and explanations we requlre for our audll. Responslbllltles of trustees As explalned more fully in Ihe slalemenl of Iruslees, responslbililies, th8 Iru$lees, who are 81so Ihe dlr6clors of Iha trust for Ihe purpose of company law, are rèsponslble for th8 preparallon of the flnanclal slat8menls ai)d for being satisfied that they glve a Irue and falr vlew, and for such Internal control as the Irusle8s delermlne Is necessary lo enable th8 préparauon of finan¢ial slalemenls that are free from material mlsslalemenl, whether due lo fraud or error. In preparlng the financlal slalements. the Iruslees are responslble for assesslng ihe trust's ablllly lo conllnue as 8 golng concern. dlscloslng, as applicable, mallers Telaled lo going concem and uslng the golng concern basls of accounling unles8 the Iruslees ellher Intend to Ilquldale the charllable company 01 lo cease operallons, or have no reallslSc 8llernallve bul lo do so. Audltor's re8ponslbllilles for the audit of the financlal gtatements Our objecllves are lo oblaln reasonable assurance aboul whether Ihe financlal 81alemenls as a whole are fr88 from materlal misstalemenl, whether due lo fraud or error. and lo Issue an audllor's report Ihat Includes our oplnlon. Reasonabl8 assurance Is a high level of assurance bul Is not a guaranlee that an audil conducted in accordance with ISAS (UK) wlll aNvays detecl a mal&rial misslatemenl wh&n il 8xlsls. Mlsstalemenls can ai18e from fraud or error and are consldered material If, Indlvldually or In the aggfegale, Ihey could reasonably be expected lo Influence Ihe economic declslons of users taken on tho basls of these financial sl8lemenls. A fLlrther descrlplion of our responslbllllles Is available on the Flnancial Reportlng Coundl's webslte at: hllPS.'II w.frc,org.uklaudilorsresponsibililles. Thls descAipllon forms p8rt of our audllols report. Extent to whlch the audlt was considered capable of detectlng irregularltles, Iiicluding fraud Irregularities. InclL¢dlng fraud, are Instances of non-cornpliance willi laws and regulations. We design procedures In line wllh our responsibililies, oulllned above, lo dele¢l malerial misslatemenls In respecl of Irregularities, including fraud, Tho extenl lo whlch our procedures are capable of deteing irregularilies, In¢luding fraud. is detailed below. We consldered and updated our knowiedge of Ihe companls specifiG industry and its r8gulatory enrOnment, and reviewed the company's documentation surroundlng Ihe policies and procedures relaling lo fraud and compllance with laws and regulations. We also enquired of management about their own Identific81ion and assessment of the rlsks of irregularities. Based on Ihls understanding, we Identified and assessed the iisks of malerial misstalemenl In the financial statemenls and designed and performed audil procedures in response to those risks.
TAMESIDE SPORTS TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF TAMESIDE SPORTS TRUST We Identified the key laws and regulallons Ihat have a dlrect effect on the delermlnallon of malerlal amounts and dlsclosLtres In the financial statements. the most signlficanl of Ihese Is the UK Companles Act 2006 bul also includes the Charilies Act, Health & Safety Act. Food Hygiene Acl and regulation5 on Chemlcal and Substanc85 Hannful to Heallh (COSHH) . We also gained knowledge of the legal and regulatory framewoiks whicli do not have a direct effecl on Ihe financial slaleinenls bul compllance with which may be fundamental lo Ihe company's ablllly to OP8rale or lo avoid a m8lerSal penally. Audlt response to rlsk8 Identlfled The audll enoagemenl team were made aware of the potential opportunlllos and Incentives that may exist wllhln Ih6 company for fraudul8nl activity and how and where fraud mighl 0ur or be Cncealed wilhin the flnanclal slalemenls. In common wilh 811 audlls under ISAS (UK). we are 81s0 requlred Io p8rform specific procedures lo respond lo Ihe rlsk of manBgemenl overrlde of controls. In addresslng the rlsk of fraud through management oveTrlde of controls. we lesled the approprlaleness of journal enlrles and olher manual adjuslm8nls', assessed wlielhar the ludgein&nls made In maklng 8ccounllng estlmates are Indicalive of a polenllal bias; and evalualed the buslness rallonale of any slgnificanl Ir8nsactlons Ihat are unusual or oulslde Ihe normal Course of business. Iii addlllon lo the above, we de8lgned procedures which Included: enqulring of managemenl and Ihos6 charged wllh govern8nce concemlng actual and potenllal Illlgalion 8nd Clalms and any known Inst8nces of non-compll8ii¢e wllh laws and regulallons; revlewlng mlnules of meetings of those charged wilh governance; assessing the exlenl of compllance with Ihe laws and regulallons consldered to have a dlr8cI matertal 6ffecl on the financlal slalements or the operallons of the company Ihrough enqulry or inspecllon; reviewing financlal slalement disclosures and 168tlng to supporting documenlalion to asse88 compliance with appllcable laws and regulallons: P8rformlng detalled audil work on areas Idenllfied as belng suscepiible lo manao8menl blas and overrlde of controls, such as provisions, eslimates and lourn818ntrles, evaluallng Ihe buslness rallonal& of slgnificant Iransacllons oulslde Ihe normal course of buslness and revlewlng accounllng esllmales for Indlcalor8 of bias., P8rformlng analylical procedure8 to Idenllfy any unusual r6lallonshlps Ihal may Indlcale a rfsk of materlal mlsslalemenl due lo fraud. Because of the Inh8r8nl Ilmi1811ons of an audlt, Ih8ré Is a dsk that we wlll Dot delecl all Irf6gularltles. Includlng Ihose leading lo a materfal misslalement In Ihe financial stalemenls or non-compllance with regulation. Thls rlsk Increases the more Ihal compliance wllh a law or regulallon Is removed from Ihe events and Iransaclions reflecled In the flnanclal slal8rnenls, as w8 will be less likely to become aware of Inslanc&s of non-compliance. Tlie risk of not detectlng a malerlal missl8lement resulllng from fraud Is hlgher than for one resulllng from error, as fraud may Snvolve colluslon, forgery, Inlentlonal omlsslons, mlsrepresenlations. or the override of inlernal conlroS.
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 charilable company's members, as a body, In accordance wllh Chapler 3 of Part 16 of the Companies Act 2006. Our audll work has been undertaken so thal we mighl stale lo the charitable company's members thos8 mallers we ar& requlred to state lo Ihem in an auditor's report and for no other purpose. To the fullesl extenl permllled by law, we do not accepl or assume responslbillly to anyone other than the charllable company and the charitable coinpany's members as a body. for our audit work, for Ihis r6POrt, or for th8 oplnlons we have fomied. Tracey Connor (Senlor Statutory Audltor) for aiid on behalf of Chadwlck & Gompany IManch8st8rl Llmlted Chart6red Accountants Slalulory Audltors Capital House 272 Manchester Road Droylsden Manchester M43 6PW 19 Noveinber 2025 10-
TAMESIDE SPORTS TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restrlctod funds fund5 Total 2025 Total 2024 as ro8t8ted Notes Income froin: Charildble acllvllles Inveslmenls 14.782,813 1,513.000 14,782,813 14.490,375 1,513,000 1.390,000 Total Incomè 16.295.813 16,295,813 15,880,375 endltiira o Charilable acllvllles 15.137.231 188,033 15,325,264 15,927,253 Net Incomellexpendlture) for the yearf Net Incoinlnglloutgolng) resourcos 1,158.582 (188,033) 970,549 (46,878) other rocognlsod galns and losses Actuarlal galn on delined benefit penslon SGh&mes Defined benefil penslon schemé asset gain nol recognls8d 4.131.000 4.131,000 944,000 12 (4.771,000) {4,771,000) (1,467,000) Net movom8nt In fund8 518.582 (188.033) 330,549 (569,878) Fund balances al 1 Aprll 2024 (4.701.429) 378,065 (4.325,364) (3,755,486) Fund balances at 31 Mar¢h 2025 (4.182,847) 188,032 (3,994,815) (4,325,384) The sta18menl of flnanclal actlvllles In¢ludes all galns and1088es recognlsed In Ihe year. The slalemenl of financlal acllvilies Includes all galns and losses recognls8d In Ihe yaar. All Income and expendlture derive from conllnuing aGllvllies. The slaleinenl of financial act511eS also compllas wlth Iha r8qulremen18 for an ineL)me and expenditurè accounl under Ilie Companles Acl 2008, 11
TAMESIDE SPORTS TRUST BALANCE SHEET AS AT31 MARCH 2025 2025 2024 as restated Notes Flxed a88ets Tangible assets 13 376,968 684,257 Current asset8 Slod(s Debtors Cash al bank and In hand 14 15 64,013 597,027 481,122 34,451 418,143 314,198 1,142,162 766,792 Crèdltors: amounts falllng due wlthln one yaar 16 1,753,582 2,803,746 Net current liabllllles (611.420) (2,036,954) Total assets loss current Ilabllltl68 (234,452) (1,352,697) Cradltor8: amounts falllng dua after moro than one year 17 {3,760.363) (2,972,667) Net Ilabllltles oxcludlng penslon surplu8 {3,994.815) (4,325,364) Deflned benefit penslon surplus 19 Net Ilabllltle8 (3,994,815) (4,325,364) The funds of tho the trust Réslrl¢ted Income funds Unrestricled funds Panslon reseNe 20 188,032 (4.182,847) 376,065 (4,701,429) (3.994,815) (4,325,364} The financlal stalemenls were approved by the Iruslees on 19 November 2025 Phlllip Brown (Chair- TMBC nominated) Trustee Company reglslrallon number 03531443 (England an les) 12-
TAMESIDE SPORTS TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng actlvltle8 Cash generated from operallons 25 240,639 129,506 Investlng actlvltles Purch8se of tangible fixed assets Proc88ds on dlsposal of langlble fixed assets (86.218) 3,450 Not cash ¢used Inllgenerated from Invgstlng a¢tlvltles {86,218) 3,450 Flnanclng a¢tlvltles Repaymenl of borrowlngs 12.503 57,801 Net CO8h genorated from flnanclng actlvltles 12,503 57,801 Net Increa88 In cash and cash equlvalents 166.924 190,757 Cash and cash equfvalenls al beglnnlng of year 314,198 123,441 Cash and cash equlvalents at end ofyear 481,122 314,198 13-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles Company Informatlon Tam8slde Sports Tiusl is a prtvate company Ilmlled by guarantee incorporated In England and Wales. The reglslered offlce Is Ken Ward Sports Cenlre, Hallersley Road East, Hallersley, Hyd8, Ch&shlre, SK14 3NL. Th8 Trust Is reglslered wilh the Charilies Commisslon wllh reference number 1074808 and also uses the name Acllve Tameside. 1.1 Accountlng conventlon The financlal statements hav8 been prèpared kn accordance wllh the Companles Act 20 and "Accounllng and R8POrtlng by Chari118s'. Slalement of Recommended Pradice appllcablo to Gharilies preparlno Ihelr accounts in accordanc& with the Flnanclal Reportlng Standard appllc8ble In the UK and Republlc of Ireland (FRS 1021 (as ainended for accounllng periods commendng from 1 January 2019)" The Ihe Iwsl Is a Publlc Benefit Enlily as defined by FRS 102. The financial slalemenls are prepared in sledlng. whlch Is Ihe funcllonal currency of lh6 the Irusl. Monetary amounts In these financlal statem8nls are rounded lo lh8 nearesl £. The financlal sl8lemenls have been prepared under the hlslorlcal c08t conv8nllon. The prlnclpal accountlng policies adopted are sel oul below. 1.2 Golng concern The Trusl has net current Ilabllllles of £611,42012024 - £2,036,954) al 31 March 2025 but a defined banefil pension suiplus of £13,874,000 (2024 £8,903,000) which would leave an overall n81 assels of the Irusl al £9,679.185 {2024 £4,577,636). However 8s Ihe Trust Is not recognlsSng the penslon surplus the balance sheet shows net liabilities of £3,994,815 (2024- £4,325.364). The dlr6Ctors have revlewed budgèts and cash llow forecasts for the perfods lo 31 March 2026. They bell8ve the Trust has sufficient financlal headroom coupled wilh energy efflclency sav6ngs and robu81 Income str8am8 to have sufflclent confidence In Ihe organlsallon's financial rèslllen¢e. The directors have consldefèd the budg81s, foracasts. thé proposed savings and fuiure InrA)me and consld8r them lo b8 reasonabl8. After maklng enquiries and conslderlng the IssLtes descrlbed abov&, the dlr&clors have a reasonable expeclallon that the Trust has adequale resources lo conllnue In operational exlslence for the foreseeable future. For these reasons Ihey conllnue lo adopt lh8 golng concern basis of accounllng In preparing these financlal slalemenls. Company statug The charily Is a company1Smlled by guaranlee and has no share capll81. The Ilablllly of each membèr In Ihe evenl of wlndlng-up Is limlled lo £10. 1.3 Charltable fund6 Unresliicled funds can be used In accordancè wlth the chafitable oblecllves at the dlscfellon of the dlr8clors. Reslrlcled funds can only be used for paTtlcular Teslricted purposes wilhin the obleclives of the charlly. Reslrlctions aTlse when speclfied by Ihe donor or when funds are ralsed for particular restricted purposes. Deslgnaled funds are set aside by the directors out of unreslricted goneral funds for speclfiG purposes or projects. Further explanation of the nalure and purpose of each fund is Induded In the notes lo the finan¢lal statements. 14-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcl8S {Contlnuedl 1.4 Incomlng resourcès Charltable actlvltles The fees and charges represent the value of the services and g¢Jods provided, excludlng value added tax. Grants Grants arè accounted for on a recelvable basls. Intanglbl6 Incomo Inlangible Income, whlch would comprise the use of thé donated facilllles is nol racognlsed, as there Is no flnanclal cosl borne by the third party. Interest recelvable Interest Is Included when fecèived by ihe tharily. 1.5 Resourcè8 expended Expendllure Is Tecognlsed on¢8 there Is a legal or conslrudlve obllgallon to transfer economlc benefit lo a Ihlrd party, il is probable that a transfer of economlG benefits wlll be requlred In s8lllemenl, and thé amount of the obllg8llon can be measured rellably. Expendlliire Is classlfled by aclivily. The cosls of each a¢lltY are made up ol the lotal of dlrecl cosls and shared costs, Includlng suppori costs Involved in undertaklng each aclivily. Direcl cosls allribulable lo a slngle aclivlly are 8llo¢aled directly lo that acllvily. Shared costs whlch conlrlbule lo more than one acllvily and 8UPPOrt costs whlch are not allrlbulabla to a Single acllvlly are apporiioned belween those aclivilies on a bas18 Consislenl wllh the use of re50ur¢es. Central slaff costs are allocated on the basls of Ilme spent, and depreclalion charge8 are alloc81ed on the porlion of Ihe asset's use. Resouroes expended are included In lh8 slalemenl of flnandal adlbrflles on an accruals basls. Incluslve of any VAT whlch cannot be recovered. Expendllure on charitable acllvllles comprlses those 313 Incurred by the charlty In furtherance of Ils activities and s6Nlce8. 11 Includes both costs Ihal can be allocated direclly lo such aclivilies and Ihose cosls of an Indirecl nature nec6ssary to support them. Governanc8 costs Governance costs Include those costs assoGlaled wllh meellng Ihe Gonslilulional and slatulory rgqulremenls of the ch8rily and Indude audit fees and costs linked lo the $trateglG management of the charlly. 1.6 Taiiglble flxed assets The Trust's policy Is to write off the cosls of the repla¢em6nl of the landlord's fixed assets to Ihe slalament of financial aclivilies In the year of acqulsilion. Major rofurblshments 11 is the Trust's pollcy to Ggpltallse éxpenditUf8 on Ihe major refurbishments and to wrfle off Ihls expendllure over a period nol exceeding Ihelr effective useful life as follows:. L6asehold property refurbishmenl Football pltches IT and general equipment Over Ihe remainlng lenn of tha lease 5- 10°h slraighl line 10. 3311A straight line 1.7 stock8 Slocks are valued al Ihe lower of cost and nel realisable value. after make due allowance for obsolete and slow moving items. 15-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles {Contlnuedl q.8 Cash and casli equlvalènts Cash and rash equivalents Include cash In hand. deposlls held al call with banks, other short-lerm liquid Investments with orlglnal malurilies of Ihree monlh8 or less, and bank overdrafts. 8ank ov8rdraft8 are shown wllhln borrowings In currenl liabililies. q.9 Flnan¢lal Iiistrum&nts The trust has elected lo apply the provlslons of Secllon 11 'BaslG Fin8ndal Inslruments. and Secllon 12 '01her Flnanclal Insliumenls Issues, of FRS 10210 all of Ils financlal Inslrumenls. Flnanclal Inslrumenls are recognls8d In thè trust's balance sheel when Ihe Irusl becom8s party to the conlraclual provlsions of Ihe Inslrumenl. Flnanclal assets 8nd Ilablllllès are offset, th lh& nel amounls pr8senled In the financial slalemonl8, when there Is a legally enforceable rlghl Io Set off the recognlsed 8mounls and there Is an Inlenllon lo settle on net basls or to realls8 the assel and sellle the liablllly slmullaneously. Bas1¢ flnonelal assels Trade debtors, loans and other r6celvables that have fixed or delermlnable payments Ih81 ar8 nol quoled In an acllvé markel are classified as 'loans and receivables,. Loans and receivables are measured al amortiS8d cost uslng the effectlV8 interest method, less any impalmienl. Int8iesl Is recognlsed by applylng Ihe effectiv8 Inleresl rate, except for short-lerm recelv8bl8s when th8 recognltjon of Interesl would be Immalerlal. Derecognltlon of flnanclal assels Flnancial assets are derecognlsed only when the contr8etual rlghls lo the cash flows from Ihe asset explre or are $81118d or when the Irusl transfers the financial asset and subslanllally all the rlsks and rewards of ownership io anolher enlily. or If soma slonificaDI risks and rewards of ownershlp are retained bul control of the ass81 has Iransferr8d lo anolher pariy that is able to sell the assel in lis entlrely to an unrelated Ihlid party. Basle flnanclal Ilabllllles 8aslc financial Ilabllilies, Including creditors and bank loans are Inllially recognlsed al transacllon prlce unless Iliè arrangement conslllules a non baslc financlng transacllon, where Ihe debt Instrument Is measured at the prèsenl value of thè future rec8lpls dlscounled al a markel rale of Interest. Flnancial Ilabllili88 classlfied as payable thIn one year are not amortlsed. Trade creditors are obllgallons to pay for goods or seMeEs thal have been acquired In the ordlnary course of operallons from suppllers. Amounts payable are dassified as currenl liabllilles If paymenl Is dua vllhin one year or less. Derecognllloii of flnanclal Ilabllltles Flnanclal liabilllles are derecognised when 1118 Irusl's conlraclual obligations explre or are dlscharged or cancelled. 1.10 Employee beneflts The cosl of any unused holiday entillemont Is regnised in the period Sn which Ihe employee's seNices are received. Termination benefits are recognFsed imm8dlalely as an expense vthen the trust Is demonslrably Commilled lo termlnate the employment of an employee or to provide lermination benefits. 1.14 Leas98 Renlals payable under operaling leases, Including any lease Incentives received. are charged as an expense on a slraight line basls over the lemi of the retevant lease. 16-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles (Continued) 1.12 Taxatloii The charlly Is exempt from corporation lax on Ils charliable acllvllles. 1.13 Governiment Grants Goveinmenl giants are fecognlsed at tha fatr value of Ihe assel recelved or recelvable wh6n Ihere is reasonabl8 assurance that the grant condlllons wlll b8 met and Ihe gran18 will be recelved. A gr8nt that speclfies performance condillons18 recognlsed In Income when the performance condillons are mel. Where a grant does nol specify performance conditions11 Is recognised In Income when the proceeds are recelved or recèivable. A grant received before tlie recognllion Criteria are sallsfied Is recognlsed as a Change In accountlng policy The Trust has not recognised the penslon asset posllion, reslrictlng the 8UTplus lo £nll, and reduclng a¢tuarlal galns by the same amount. The plan has a gr088 8c(x)untlng surplus at Ihe reportlng date of £13,674,000 (2024: £8,903,000). In Ilne wllh FRS 102 requlr8menls the Trust has not recognlsed an ass81 on the balanc£ sh881 as11 Is unable lo recover the surplus, ellhèr Ihrough reduced conlribulions In Ihe future, or Ihrough refunds from Ihe plan. The scheme's actuary has conllrmed that they can d8monslrale no economlc benefll arlslng lo the Trust from an 'assel celllng, calculallon comparlng the present value of Ihe fulure servlce costs lo Ihe presenl value of future conlrlbulions, The acluary has also confirmed that any refunds from the plans are conllngenl on future 8venls. The coinparatlves have been reslaled lo not r8eAgn18e th8 P8nslon asset surplus of £8,903,000 and actU8rlal galns of the sam6 amounl. Crltlcal accountlng e8tlmates and Judgements In the appllcallon of the companWs accounling pollcies. the dlreclors are required lo make ludgemenls, èsllmales and assumptions aboul the carrying amount of assels and Ilabililies Ihal are nol readlly apparent from other sources. The eslimales and assoclated assumpllons are based on hlslorlcgl experfencè and olher factors that are ¢onsldered lo be relevant. Aciu81 results may dlffer from Ihese esllmates. The esllmales and underlylng assumptions are revlewed on 8n ongolng basls. Rovlslons to accounting 8s1imales are recognlsed In Ihe perlod In which the eslimal8 is revised where the revlslon aff8cls only ihal p8riod, or in the perlod of the revlslon and fulure periods where Ihe rewslon affects both curr8nl and future P8riods. Penslon The present value of Ihe Loc81 Govemment Pension Scheme defined benefil liabllityl(surplus) depends on a number of faclor5 Ihal are delermlned on acluarial basis using a varlety ol assumpllons. The assumpllons used In determining Ihe net costl{Income) for penslons Include the dlscounl rale. Any changes In these assumpllons which are disclosed In note 19. will Impact the carrying amounl of th8 pension scheme's liabilityl asset. Furthermore, a roll forward approach whlch proleGls results Irom the latesl full aciuarial valuallon al 31 March 2022 has been used by the actuary in valuing the pension scheme's liabililylasset as 8131 March 2025. Any differences between the figures derived from the roll forward approach and a full 8Ctuarlal valuallon would Impact on the carrylng amount of Ihe pension liabililylassel. 17-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ch•rfl4blè •¢llvlllos Olliv •rf T•lql 2Q24 ?5 Ine¢m• 9,218,WJ 777,4CQ 2.691.879 722.610 075.1 394,174 14.782,6lJ 14,4.?7&
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Investmefits Unrestrlctsd funds Total 2026 2024 Net Inleresl on defined benelit penslon stheme 1,513,othJ 1,390,000 Charltable aGtlvltl8S 2020 2024 staff cosls Penslons Coaching Cost of Iradlng Fllness sulte expenses Rent, heat, Ilghl and w81er Premlses repalrs and malnlenance Adult social care costs Slaff tralning Dèpreclatlon of leasehotd property refurt)Ishmenl Depreclatlon ol IT and general equlpmenl Loss l {prollll on dlsposal of langlble fixed assels 7.037,062 7,016.355 654,040 657,681 341,851 421,477 594,822 656,635 658,698 697,780 1.704,279 2.016,946 li 859,470 627,854 61,874 18Jf,818 207,689 714.036 582,698 96.928 185.818 199.410 186.020 12,933,457 13.431,782 Support costs (see note 7) Gov8rnan¢e cosls {8ee note 7) 2.372,807 2,477,471 19,000 18,000 15,325,264 15,927,253 Analy$ls by fund Unreslrlcted funds Reslrlcled funds- g8n8ral 15,137,231 15,739.220 188,033 188.033 15,325,264 15.927,253 19-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Govomanco costs costs 2025 2024 Insurance Cleanlng Legal and professlonal Travelling expenses Telephone, posl and ¢arrlage Pilnllng and slalionery Markellng Bank charges and InloTesl Bank loan Inleresl and charges Cash ¢olleclion servlce Sundry expenses Financé costs Audit 115,689 84,152 71,131 372,260 19,300 18,876 181,865 90,051 97,468 115,689 84,152 71.131 372,260 19,300 18,876 181,865 90,051 97,466 180,277 91,806 56,077 47g.409 21.942 17.595 137.232 119.288 57,801 1.11 130,841 134,378 1.077,000 130.641 68,364 134.376 221,680 1,077,000 1,026,000 19,000 18.000 19.000 2,372,807 19,000 2.391,807 2,495,471 Analysed b8hveen Charllable acllvllies 2.372,807 19,000 2,391.807 2.495,471 Aiidltorfs r8muneratlon The analy8ls of audltorfs remunèratlon Is as follows: 2025 2024 Audll of the companys annual accounts 19.000 18,000 Tru8tO89 None of the truslee dlreclors (or any persons connecl8d with them) recelved any remuneration during Ihe ye8r, or wero reimbursed any expenses. O Einployeos The average monthly numb8r of employees during the year was: 2025 Number 2024 Numbar Operallonal Management and adminislralion 454 38 483 35 Total 492 518 -20-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 %0 Employees ICoi)tlnued) Employment ¢osts 2026 2024 Wages and salarles Soclal security costs Other penslon costs 6.634,637 402,425 654,040 8,632,828 383.527 6Jf7.881 7,691,102 7.674,036 The key management personnel of the trust comprlse those persons having responslblllly for pl8nnSng, controlllng and dlrecllng Ihe a¢llvlll6s of the organlsatlon. The compensalion of Ihe key management personnel of Tamesldo Sports Trust is disclosed In note 24. The numbar of 8mployees whose annual remunerallon was more than £80,000 Is as follows.. 2025 Numbér 2024 Number £80,001- £70,000 Of the employees whose emolumenls 8xceed £60,000, one (2024.. 1) has rellremenl benefils accrulng under defined benelil penslon schemes. Remuneratlon of key management personnèl The rèmuneration of key management personnel Is as follows. 2025 2024 Aggregate compensallon 198.357 277,624 11 Taxatloii The charlly Is exempi from taxation on Ils aclivitles because all Its Inrne Is applied for charitable purposes. 12 Other galns and losses Unrostrlcted Unrostrlcted funds funds 2025 2024 as restated Galnsl(losses) upon: 08flned benefit penslon scheme asset gain not recognlsed 4,771,000 1,467.000 21
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tanglble fixed assels Lea8•hold propèrty rgfurblslimeiil Football IT and g•n•ral pllch8s aqLtlpmgnt Total Cost At1 April 2024 Addilions Dlsposals 8,171.445 3.428 1,119,740 3,545,725 82,790 (110,251) 12,836,910 86,218 (110,2511 Al 31 March 2025 8,174.873 1.119,740 3.518,264 12,812.877 Depreclatlon and Impalrment Al 1 Aprll 2024 Depreclallon charged In Ihe year Ellmlnaled in respeci of dlsposals 7,802.555 1.119.740 3.230.358 185.818 207,689 {110,2511 12,152.653 393.507 (110.251) At 31 March 2025 7,986,373 1,119,740 3,327,7 12.435.909 Carrylng amount At 31 March 2025 186.500 190.468 378.988 At 31 March 2024 366,890 315,367 684,257 14 Stocks 2025 2024 Flnlshed goods and goods for resale 64.013 34,451 16 Debtor6 202S 2024 Amounts falllng due wSthln one year: Trade debtors Other debtors Prepaymenls and accrued Income 154,606 35,474 406,947 197,001 1,194 219.948 597,027 418,143 -22-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Gredltors: amounts falllng duo Withln one year 2025 2024 Debenture loang Other laxalion and sodal securlly Trad& creditors Other credllors AGcru8ls and deferred Income 775,193 330,444 849,032 20,770 828,307 265,684 773,253 20,532 694,113 1,753.582 2,803,746 17 Credltor8: amounts falllng due after more than one yèar 2026 2024 Deb8nture loans 3,760,363 2,972,667 18 Loan8 and overdraft8 2025 2024 Debenlura108ns 3.760,383 3,747,860 Payable wllhin one year Payable after one year 775,193 2,972,667 3,760,363 Amounts Indudèd above whlch fall due after fiv8 years: P8yable by Ins181menls 131,004 The borrowlngs Include a loan from Tameslde MBC repayable over a parlod of fifteen years by 8qual Inslalmenls and bears Inler8sI al a fixed rale of 5.17%. There are addlllonal loans from T8meslde MBC whlch are repayable over periods between seven and ten years by equal monthly Inslalmenls and b8ar Interesl al a fixed rale of 1.95%. The repaymenls due In the nexl twelve monlhs are belng deferred In agreement wllh Ihe lender. -23-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 49 Retlrement beneflt schemes The trust opeiales 8 defined conlrlbulion penslon sthem6 for all qualifylng employees. The assels of the schem8 are held s8parately from those of the Irusl In an Independently adminlstered fund. Deflned benef5t schemès The company operates a defined benefit penslon scheme. The scheme funds are admlnlstered by Tameslde Metropolltan Borough Coundl on behalf of Grealer Manchester Pension Fund. The most rn1 full actuarlal valuallon was on 31 Marth 2022 and was carded out by a quallfled Independènl a¢luary. The dlrectOTS h8V8 oblalned an actuailal valualion as a131 March 2025, prepared by Hymans Roberlson LLP only for the purposes of FRS 102 and has no validity In other cIrmStances. Key assumpllons 2025 2024 Dlscounl rat8 Expected rate of Increase ol penslons In payment Expecled r8t8 of salary Incre88es 5.80 2.75 3.55 4.85 2.75 3.55 Mortalily 8SSUlllPtlons The assumed Ilf6 expeclallons on retlrément al age 65 are: 2025 Years 2024 Years Rellrlng today Males Females 20.4 22.5 20.4 22.5 Rellring In 20 years Males Females 20 24.3 20.1 24.3 Amounts recognlsed In the profil and loss account: 2025 2024 Cuffenl service cost Net Inleresl on defined benefil liabillly 651,000 (436,000) 673,000 (364,000) Total costs 215,000 309,000 -24-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Rotlrement benefit scheme$ Icoiitlnued) Amounts taken lo other compr8henslve Incoma: 2026 2024 Relurn on scheme 88sels exdudlng Interesl InMe Acluarlal chanoe8 related to obllgatlons (296,000) 4,427,0(KJ 750,000 194.000 4.131,000 944.000 The amounts included in Ihe balance sheet arfslng from the the trusl's obllgallons In re8P8cI of defined benefit plans ar8 as lollows: 2025 2024 Present value of defined benefit obllgallons Falr value of plan assets 32,685,000 30,974,000 (32.685,000) (30,974,000) Dellcll In scheme Mov8menl8 In Ihe present value of defin8d benefit obllgallons.. 2025 Llabllilles al 1 Aprll 2024 Current seIce cosl Benefits pald Conlrlbullons from scheme membar8 Acluarlal galns and losses Inleresl cost Deflned benafil scheme a8sel g8Sn nol recognlsed 30,974,000 651,000 (625,000) 264,000 (4,427,000) 1,077,000 4,771.000 At 31 March 2025 32,685,000 The defined benefil obligations arlse from plans funded as follows: 2025 Mtholty unfunded obligatlons olly or p8rt1y funded obllgalions 32,685.000 32,685,000 -25-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Retlr8m8iit benefit scheitles {Contlnuedl Movements In tho fair value of plan assets: 2025 Falr value of assets at 1 Aprll 2024 Interest income Return on plan assets (excludlng amounts Induded in nel Interest) Beneflls pald Coi)lilbullons by the employ6r Conlrfbulions by scheme mombers 30,974,000 1,513,000 {296,000) {62,5,000) 855,000 264,000 Al 31 March 2025 32,685,000 Tha aciual reluTn on an assets was £1,217,000 (2024- £2,140,0). The falr value of plan assets al the reporting period end was 86 follows: 2025 2024 Eqully Inslrum8nts Debl Instruments Property Cash 21.245,250 5,556,450 2,941,650 2,941.650 21,372.060 4,646,100 2,477,920 2.477.920 32,685,000 30.974,000 The amounls recognlsed In the balance sheel are as follows: 2025 2024 Falr value of plan assels 32,685,000 30,974,000 Surplus not reoognised (13,674,000) (8,903,000) Nel asset 19.011.000 22,071,000 The plan has a gross accounting surplus al the reporting date of £13,674,000. In Ilne wllh Ihe requlrèmenls of FRS102, Tamesida Sports Trusl has recognlsed as an asset on the balance sheet lo Ihe 6xlenl that it Is able to recover the surplus, eilher Ihrough reduced ¢onlribullons in Ihe future, or Ihrough refunds from the plan. The scheme's aGluary has confirmed Ihal they can demonslrale no economic benefil arising to Tameside Sports Trust from an 'assel ceS1ing' calculalion comparing the presenl value of fulure service costs lo Ihe presenl value of future conlrlbLFlions. The actuary has also confimied Ihal any refunds from the plan are contingent on future evenls. Accordingly, Tameside Sports Trust has not recognised the penslon asset position, reslricling the surplus to £nil, and reducing actuarial gains by Ihe same amount. -26-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 RestrlGted funds The restricted funds of the charlly comprlse Ihe unexpended balances of donallons and grants h8ld on trust subled lo specillG condilions by donors as to how they may be used. At l Aprll Rasources At 31 March 2024 expendod 2026 R8slrlGted funds 376.085 (188,033) 188,032 Prevlou8 year: At l Aprll 2023 Resources At 34 March expended 2024 Restrlcled fund8 564,098 (188,033) 376.065 The raslricled fund conslsls of lh8 balances of a grant recelved from the Football Foundatlon Iow8rds the cost of bulldlng elghl slx-a-slde foolball pltches. a grant from The Neighbourhood Learnlng In Deprived Coinmunllles Fund In respect of fitness sulle equlpmenl al Oxford Park Communlly Sports Centre and the gr8nl and conlrlbullons recelved In respect ol the laclllly dev8lopmenl piogramme. In 2017 a conlrlbullon of £1,300,000 was receSved from Tameside Melropolilan Borough Council for bullding works undertaken In the development of the ITrain gym. The Councll thon mad8 a conlrlbullon of £1,015,179 In 2020 for the d8velopment of the facllili85 al Tamesidè Wollness Cenlre. The assets are depreclaled according lo the accounting policies. The nel book value of these granls Is £188,032 {2024'. £376,065) with depreclallon charg8d in the year of £188.033 (2024.. £188.033). -27-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Unrestrlcted funds The unr8slricted lunds of the charlly compr15e the unexpended balances of donations and grants whlch are not subject lo specific condilloiis by donors and grantors as lo liow they may be used. These Include designated funds which have been set aside out of unreslricled funds by the Iruslees for specific purposos. Gains and At 31 March 106SOS 2025 At l Aprfl 2024 Incomlng resources Resources expendèd General funds Pension fund (4.701,429) 16,295,813 (15,777,231) 640,000 (4,182,847) (640,000) (4,701,429) 16,295.813 (15,137,231) (640,000) (4,182.847) Prèvlous year: At 1 Aprll 2023 a8 restated Incomlng resourGes ResourG88 expendèd Galn8 and At 31 March losses 2024 as rè8tatod a8 restated General funds Penslon fund (4,319.584) 15.880.375 (16,262.220) 523.000 (4,701,429) (523.000) (4.319.584) 15,880,375 (15.739,220) (523,000) (4.701.429) 22 Aiialysl8 of n8t asset$ betwoen funds Unrestrlcted R68trlcted Total Fund balances 8131 March 2025 are represented by: Tangible assets Curfenl asselsl{Ilabllllle8) Long t8rm liabllllles 188.936 {611.420) (3,760.363) 188,032 376,968 (611,420) (3,760,363) (4,182.847) 188,032 (3,994,816) 23 Opor8tlng leaso commltments Lesgee Al the reporting end date the the trust had oulslandlno ¢ommllments for future mlnlmum lease payments under non-cancellable operating leases, whlch fall due as follows.. 2025 2024 Wlhln one year Bolween two and five years 411,955 18.819 399,655 398,868 430,774 798,523 -28-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Related party transactlons Remunerotlon of key management personnel The remuner31ion of key management personnèl Is as follows. 2025 2024 Aggregat& componsalion 198,357 277,624 The charlly has a close relationship wilh Tameslde Melropolilaii Borough Council which nomlnales two dlreclors 8nd provldes fui)dlng10 8nable Ihe charlly lo carry on its charitable objectives. Th8 Trust recelved a managemenl f88 (Including publio health conlrlbullons) in the year of £777.400 (2024 - £777.000). Al the balance sheet dale, £nll (2024 - £225,983) w88 owed from and £123,192 (2024 - £32,036) due lo T8m8slde Melropolllan Borough Councll. The Trust recètved a donallon of the use of thè fadlllles. the value of whld) could not be quantlfied and Iharefore has nol been Induded In thes8 finandal slatemenls, Durlng 2009, a loan of £4,280,000 was recelved from Tam8slde Melropolllan Borough Councll on whlch Interest of £nll {2024 - £36,273) was ¢harged in the year. Al thé balance sheet dat8 £1,859.658 {2024 £1,869,856) as ¢wlng by the Trusl. In 2015116, a loan of £1,185.000 was re¢1Ved from Taméslde Melropolllan Borough Councll on whlch Interest of £12.504 (2024 - £12,504) was charg8d In Ihe year. At the balanco sheet dale £788,019 (2024 - £773,516) was owing by the Trust. In 2016117, a loan of £600,000 was recelved from Tamaslde Melropolltan Borough Councll on whlch Interest of £nll (2024 - £nll) was charged In the year. Al Ihe balance sheet date £402,840 <2024 - £402,840) was owing by the Trusl. In 2016117. a loan of £1.000,000 was recelved from Tameslde Melropolllan Borough Councll on whlch Inl8resl of £ nll (2024 - £9,024) was charged in the year. Al Ihe balance sheet date £711.848 (2024 £711,848) was ovAng by the Trusl. The Trust has Lo1 Aulhorily board members and due lo the nalure of Ihe relallonshlp wllh Tameslde Melropolilan Borough Council, would Ilke lo acknowledge them as a rolaled party. These meinbers do nol Influence any contracts between the Trusl and Ihe council. Members of the board have links wllh a numb&r of organlsallons such as Cornerstone Olgllal Markellng. Agaln no advantage is gained from these Ilnks. The Trust Is under the control of the dlrectors. -29-
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 26 Cash generated from operatlons 2025 2024 Deficit for lh8 year 970.549 {46,878) Adjuslmenls for.. (Galn)Iloss on disposal of langlble fixed assets Depreclallon and Smpairm8nl ol tangible fixed assets Dlfference between pension charge and cash ¢onlributlons 186,020 385,227 (523,0001 393,507 (640,000) Movements In worklng ¢apltal: (Increase) in slocks (Increase)Idecreas8 In dèblor8 (Decrease) In credilors (29,562) {236) (178,884) 1,253,805 (274,971) (1.125,232) Ca$h generated from operatlons 240,639 129.506 26 Analys18 of changes In net Idebtllfunds At 1 Aprll 2024 Ca$h flows Olhor noi)•ca$hAt 31 March 2025 changa8 Cash at bank and In hand 314,198 168,924 481,122 Loans falllng due wllhin one year Loans falling du6 after more than one year (775,193) {2,972,667> {12,503) 787.698 (787.696) (3,760,363) {3,433,662) 154,421 (3.279,241)
TAMESIDE SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 27 Prlor period adlustment Changes to the balanca sheot A8 prevlously Adlustmont reported As re8tated At 31 March 2024 Provlslons for Ilabllltlos Penslon obligations 8,903,000 (8,903,000) Capltal funds Income funds Reslrlcled funds Unreslricled funds 376,065 4.201,571 376,065 (8.903,0(K)) {4,701,4291 Total equlty 4,577.636 (8,903,000) {4,325.364) Change8 to tho proflt and1088 account A8 prevlou&ly AdJu6tmont roportèd A8 ro8tsted Perlod elided 31 March 2024 Other galns and108ses (1,467,000) (1,467,000) Net movement In funds 897,122 (1,467,000) {569,878) The Trust 18 8 partlclpalor In the Local Govemment Pension Scheme as an employer wllhln the Greater Man¢h8sler Penslon Fund. In the year ended 31 March 2023, the Trust's defined benefil obllgallon less the falr value of Ihe plan assets moved from belng in a deficll posllion lo belng in surplus. The Trust's defined benefit obligation al Ihe years ended 31 March 2024 and 31 March 2025 was also In a surplus poslllon. For Ihe years ended 31 March 2023 and 31 March 2024. Ihls surplus was Included on the Balance Sheet of the Trust. FRS102 81ales that an enllly sliall only recognise a plan surplus as a d6llned ben8fil plan asset only to the exlenl thal11 Is able lo recover the surplus, eilher Ilirough reduced contributions in Ihe futur8, or through réfunds from Ihe plan. Th6 scheme's acluary has confirmed Ihal Ih6y can demonslrale that no economlc benefll arlses to Tameslde Sports Trust fiom an 'assel celling, calculalion by comparing Ilie present value of future servlce costs to Ihe present value of future conlribulions. The actuary h88 also conlirined that any refunds from Iho plan are conllngenl on future events. Accordingly, as Ihe sckneme was In surplus for Ihe years ended 31 March 2023 and 31 March 2024, a PTtor year adjuslmenl has been made lo remove the sulplus from Ihe comparative figures so as lo reflecl Ihal the Trust has nol recognised the pension assel position, the surplus In both years has been reslricled lo £nll, and any acluarlal galns have been reduced by Ihe same amount. The prior year adluslmenl has reduced the iiel assel poslllon as al 31 March 2024 by £8.903,000 to show a Trel liability posllion of £4.325,364 and to reduce Ihe nel movement ui funds in the prior year by £1,467.000. -31
TAMESIDE SPORTS TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOMING RESOURCES Incomlng resources from charltable actlvlties Management fee Public health contributions Swimming School use Health suites Court hlre All weather pltches Fitness sulte Gymnastics Climbing and cavlng Ten pln bowling Coaches In schools Adult social care Commlssloned servlces other activltles Bar and caterlng charges Sports goods and badges Vending machlne royallles 777.400 394,174 2,749,095 649,784 48,634 182,124 249,948 4,248,051 257,547 211,371 201,261 421,045 1,591,580 1,103,099 760,688 722,510 168,359 46,143 777,000 269,526 2,542,119 685,968 46,282 119,410 231,313 3,854,929 316,300 213,783 212,487 436,757 1,530,394 1,752,810 597,980 672,827 153,328 77,162 Total Incomlng resources 14,782.813 14,490,375 RESOURCES EXPENDED Charltable actlvltles Wages and social securlly Penslons Coachlng Cost of Iradlng Fllness sulte expenses Rates, heat, light and waler Premlses repalrs and maintenance Adult social care Staff training Loss on disposal of assels Deprecialion of leasehold property refurbishmenl Depreciatlon of IT and general equlpment Depreciation of football pltches 7,037,062 654.040 341,851 594,822 658,698 1,704,279 859,470 627,854 61,874 7,016,355 857,881 421,477 656,835 697,780 2,016.946 714,036 582,696 96,928 186,020 185.818 199,410 185,818 207,689 (12.933,457) {13,431,782) This page does not form part of the statutory financial statements -32-
TAMESIDE SPORTS TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Governance costs AudStors' remuneration (19,0) {18,lJOO) Support costs Management In$uran¢e Cleanlng Legal and prof8$8lonal Travelllng expenses Tèlephone, post and carrlage Prlnling and stallonery Markellng B8nk charges and Interest Bank loan Inler88t and charges C8sh collecllon 8ervlce Sundry expen8e8 115,689 84.152 71,131 372,260 19,31J) 18,878 181,865 ).051 97,486 130,641 134,376 180,277 91,806 56,077 479,409 21,942 17,595 137,232 119.288 67.801 68,364 221.680 (1.295,807) (1,451,471) Flnanco Interèst cost on defined benelll p8nslon Scheme Interest Income on defined benefit penslon schern8 1,077,000 1.513.000 1,026,000 1.390,000 438,0 364,0 Total resources expended (13,812,264) (14,537,253) Net expendlture 970,S49 46,878) Thls page does not form part of the statutory financlal statements -33-