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 a￿￿untIng 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 pro￿de 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 Coun￿1 (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 pro￿de 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 PrO￿s1on 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 pro￿de 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 pre￿0￿8 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, c￿mMIsSIOned 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 aC￿￿ntIng 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:
obSe￿e 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 foll0v￿d, 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
01he￿iSe 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 dete￿ing irregularilies, In¢luding fraud. is detailed below.
We consldered and updated our knowiedge of Ihe companls specifiG industry and its r8gulatory en￿rOnment, 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 0￿ur or be C￿ncealed 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 act5￿11eS 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¢ll￿tY 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 re￿gnised 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 In￿rne 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 r￿n1 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 cIr￿mStances.
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 In￿Me
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 se￿Ice 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 Lo￿1 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
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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-