BARNSLEY PREMIER LEISURE CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 COMPANY REGISTRATION NUMBER 03790143 CHARITY NUMBER 1076681 *ADISGPDX* 1711212024 COMPANIES HOUSE A06 #288 Xeinadin Audit Limited 8th Floor, Becket House 36 Old Jewry London EC2R 8DD BARNSLEY PREMIER LEISURE CONTENTS OF THE CONSOLIDATED FINANCIALSTATEMENTS YEAR ENDING 31 MARCH 2024 CONTENTS PAGE Trustees, Secretary and Professional Advisers The Trustees, and Strategic Report 3-11 Independent Auditors, Report to the Members 12-16 Consolidated Statement of Financial Activities 17-18 Consolidated & Charity Balance Sheet 19 Consolidated Cash Flow Statement 21>21 Notes to the Financial Statements 2241 BARNSLEY PREMIER LEISURE TRUSTEE'S. SECRETARY AND PROFESSIONAL ADVISERS YEAR ENDED 31 MARCH 2024 Reference and Administratlve Detalls The Trustees, who are also the directors of the Charity for the purpose of the Companies Act, are pleased to present their annual report and audited financial statements for the year ended 31 March 2024. Prlncipal and Registered Office The Metrodome Leisure Complex, Queens Road, Queens Ground, Barnsley, 571 IAN Reglstered Numbers Registration number Registered Charity Number Trading Company Registered Number 3790143 1076681 3779648 Auditors Xeinadin Audit Limited Ih 8 Floor, Becket House 36 Old Jewry London Bankers Barclays Bank 10-18 Queens Street Unit 2 Barnsley S70 ISJ Solicitors MKB Solicitors LLP 1-11 Huddersfield Road Barnsley S70 2LP Structurei governance and management Barnsley Premier Leisure IBPLI is a charitable company limited by guarantee and was incorporated on 10 June 1999 and registered with the Charity Commission 22 July 1999. It is governed by its Memorandum and Articles of Association. The group comprises of two companies, Barnsley Premier Leisure and Barnsley Premier Leisure Trading Limited. The Parent holding company, Barnsley Premier Leisure, is a social enterprise limited by guarantee and is also the registered Charity. Barnsley Premier Leisure Trading Limited is the charity's wholly owned trading subsidiary that conducts the non-charitable activities and covenants its taxable profits annually to the charity, in support of its objectives. The financial statements of the group incorporate both the charity and trading activities. A number of trustees also sit on the trading company board, details of these directors can be found in the company statutory accounts, All new trading directors receive the same induction process as new trustees, BARNSLEY PREMIER LEISURE TRUSTEE'S, SECRETARY AND PROFESSIONAL ADVISERS YEAR ENDED 31 MARCH 2024 We operate a number of leisure sites under contracts from Barnsley Metropolitan Borough Council and Ba55etlaw District Council as well as two further sltes whlch are not under council contracts. The dlrectors of the charity are its trustees for the purpose of charity law and throughout thls report are collectively referred to as the trustees. The trustees serving during the year and since the year end were as follows: Trustee/Dirertor Valerie Mills (Chair) Alan Methley (Vice Chairl Oenise Pozorski (Trading Company Chairl lan Taylor Andrew Ainsworth Ben McFeely Julie Slatter Miles Spencer Lloyd Simon Warren Nichola Hawden Peter Moyes Mark Ryan Cllr James Hi8gin-Bottom Cllr Kevin Osbourne Stephen Lodge (Company Secreta Appointed 27.09.06 17,02,06 29.06.07 21.11.05 24.02.17 24.02.17 08.04.22 08.04.22 08.04.22 23.02.24 23.02.24 23.02.24 02.09.22 21.07.23 22.10.09 Re-appolnted 02.12.22 02.12.22 24,11.23 24.11.23 24.11.23 02.12.22 Resigned 31.12.24 31.12.24 21.07.23 The trustees delegate authority for the consideration and recommendation5 on matters of finance and audit through the Resilient Buslness Group, on HR through the Good for Employees Group, on Pensions through a Pensions Subgroup and on specific investment projects through Task and Finish Groups. These groups. comprising of a number of trustees, report back to the board through thelr chairs for full ratification. Matters of risk and policies are considered at bimonthly meetings. Day to day responsibility is delegated to the Chief Executive, who, with his Senior Leadership Team and Strategic Development and focus groups, ensure the adminlstration and provision of business services. Recrultment and Appolntment of Trustees The board of trustees may have up to fifteen members. In recruitinE trustees, the aim to 15 allow for a broad range of expertise, skills, and perspectives. Barnsley Metropolitan Borough Council may appoint one person a5 trustee and may remove or replace any person it appoints. At every general meeting, one thlrd or a number nearest to one third of the trustees are subject to retirement by rotation. The trustees to retire by rotation are the longest serving in office by either their last appointment or reappointment. The Council's nominated trustee Is not subject to retirement by rotation. Trustees retiring by rotation shall be deemed to be reappointed unless the resolution is lost, or it is resolved not to fill the vacancy. Training and Inductlon of Trustees All new trustees receive an induction which includes training on trustee obligations. charity and company law, the business strurture, governance, the decision-making process and an introduction to the management team. BARNSLEY PREMIER LEISURE THE TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 YEAR ENDED 31 MARCH 2024 Related Partles and Partnershlp$ The only members of the Board of Trustees who receive remuneration are the Chairs and the Companv Secretary. All other members are engaged in a voluntary capacity, financial consideration being limited to out-of- pocket expenses. All trustees must make declarations of interest at Board meetings. In addition to our main local authority partners, we engage in joint working with a number of other partners including Northern College, Barnsley College, Barnsley and Rotherham Chamber of Commerce, South West Yorkshire Partnership NHS Foundation Trust, Community partnerships, Barnsley Hospital, Public health and Integrated Care Boards. In tackling health inequalities in our communities, we have representation on a number of boards, groups, forums and partnerships. Examples of these include Active In Barnsley Partnership IAIB), Barnsley 2030 Board, Barnsley Health and Wellbein8 Board, Barnsley Town Board, Worksop Town Board, Barnsley Visitor Economy Forum and Yorkshire Sport Foundation. We share best practice with a number of Industry partners and assoclates to better promote health and wellbeing across Yorkshire, Nottin8hamshire, and the UK. Flnanclal Revlew The financial results for the year ended 31 March 2024 are set out in the Statement of Financial Activities on pages 17-18 with assets, liabilities and reserves shown in the Balance sheet on page 19. The results of the Trading subsidiary are detailed within the notes along with all other information supporting the financial statements on pages 22-41. Income for the year arnounted to £20,354,454 12023 £17,947,399) with expenditure £18,928,103 {2023 £17,327,072) and a resulting surplus of £729,026 {2023 deficit £11,069). During the financial year, BPL'S key financial goals were to 8row income by 12%, hedge gas prices to keep energy costs down and maintain healthy product and payroll mar8ins. In working towards those goals, we: put in place approprlate pricing structure5 whlch protected the brand but also allowed the business to stay competitive and meet its charitable and social aims explored additional revenue streams, models and opportunities to extend services Outside the exi5tin8 portfolio continued to build collaborative relationships to create synergies and extend the reach of our services in the community continued to seek out alternative funding opportunities for the delivery of projects and incentives as efficiently and economically as possible continued to develop our customer relationship management system to improve customer experience and create efficient and quality data feeding other accounting and reporting systems worked towards implementing new Financial and Human Resources systems to provide automated solutions with more robust internal controls and stronger audit trails To grow revenue, we targeted specific areas for development opportunities and managed costs as efficlently as possible. For many years, aging facilities have been a concern for the group. This has been identified as a key risk. We hope that through joint working with local authority partners we will formulate long term strategies for ensuring the continuation of services for the boroughs, BARNSLEY PREMIER LEISURE THE TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 YEAR ENDED 31 MARCH 2024 Prlnclpal Sources of Funding We are a fee charging enterprise: however, the pricin8 pollcy is managed to ensure that the economlcally and socially deprived obtain greater discounts on the activities through the local authorities Leisure card arrangements. In addition, we offer preferential rates to clubs. societies. groups and for other similar charities to support the achievement of their objectives. Management Fee Subsidles We rely on a subsidy from Bassetlaw District Council, set out In the management agreement, to offset certaln costs and loss-making activities, This also allows access to senlices for disadvantaged individuals through service management. Although we have agreed a nil management fee with Barnsley Metropolitan Borough Council, both the council and BPL are committed to supporting each other through a partnership approach. Resources Deployed We recognise our unique selling point is our people and the servlces they deliver. To attrart and retaln staff, we have continued to invest in our Employee Value Proposition and Reward & Recognition Programme, Our Leadership and Capability framework, currently under development, will provide clear pathways for progression and development. Surplus Generation and Investment We have focussed on rebuildlng free reserves which were consumed in recent years to absorb the Impact of the Covld-19 pandemic and our subsequent recovery. This is reflected in the company's reserrfe pollcy, which is shown below. The trustees, although recognising that free reserves provide general protertion against external conditions and their impact on the business, are of the opinion that resources being invested in the business for furthering the business are also important in maintaining the business, whilst also realising the group's grovrth ambitions. Durin8 the year, we have continued to invest in energy saving initiates and to promote responsible practices around energy consumption. The success of Barnsley and Bassetlaw councils in securing funds through the Swimming Pool Support Fund ISPSF} boosted cash reser4es and will enable further capital investment on renewable energy initiatives. Wider economic influences in recent years have meant that we had to approach investment carefully, deferring some planned investments in facilities altogether. The group now recognises the need to get back to cyclical and strategically appropriate investments which increase capacity and reinforce the organisation's brand, creating Clear and consistent offering, Reserves Pollcy The trustees have reviewed the Reserves Policy and level of unrestricted funds and have determined that target reserves should be at least three months of income resources for the group. This is a satisfactory reserve which could be drawn upon to sustain operations effectively. All cash and bank account balances, excluding the bank deposit account held as a Bassetlaw Pension Bond, are classified as free reserves for this purpose. BARNSLEY PREMIER LEISURE THE TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 YEAR ENDED 31 MARCH 2024 We recognise the need to invest in the business on an ongoing basis, whether thls is to protect activities, to grow income streams or to provide cyclical renewals to maintain aging facilities. In doing so the trustees appreciate that the free reserves profile may drop below target during the upcoming flnancial year. We shall continue to review Investments as part of our long-term strategy and to note the impact on target reserves at Board meetings in discussions. Risk Management and Uncertalnties Outside the UK'S current economic pressures, we maintain a corporate risk register for the Group. The likelihood and impact of the risk involved are considered in relation to our business model, our culture and our ability to deliver our purpose of 'Helping people feel good" Each strateglc area maintalns a risk register, and where these risks are deemed to have significance for the organisation, they are then added to the Group Risk Register. The Board of Trustees review the Risk Register on a quarterly basis to ensure that all appropriate risks are identified and that strategies have been agreed to mitigate, transfer or absorb key risk5. Key Rlsks The Deterioration of our estate remain5 a prlncipal risk, as does the economic challen8es of our local authorities, which wlll Inevltably have an impact on their ability to Invest in facilities and services. Our venues have high levels of usage and there is a risk that without on80ing investment customer experience decreases and increased risk of plant failure. We continue to work with our council partners to explore different models and to identify funding solutions. In addition to this we have reviewed the adequacy of the companVs internal financial controls, and these are compliant with the Charlty Commisslon's guldelines, Strateglc Report Throughout the year BPL have developed a new 2030 Strate￿ and purpose of "Helping people feel good" BPL are a bold, commercially astute, people powered organisation that creates innovative, fun, and supportive solutions which make people feel good. We add value by being different and bringing spaces to Ilfe. The strategy Outlines our buslness model "A Force for Good", which highlights the infinite nature of our regenerative not for profit charity. We're a people powered organlsatlon, and through being Good for Employees, and ensurin8 that it's a good thing working for BPL, we know that we will be Good for Customers bv bringing spaces to life. Through Great Delivery we will ensure sustainable growth and efficiencies are sought to enable long-term financial success. By being Regenerative and Distributive by design we can ensure our successes are reinvested back to our purp05e- Helping People Feel Good. Good For Employees We're a people powered organlsatlon We're purpose driven and empowered to help our communities feel good. Our employees do this by being Innovative, Fun & Friendly and reflecting our Local Cornmunities. BARNSLEY PREMIER LEISURE THE TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 YEAR ENDED 31 MARCH 2024 Ifs a good thlng: BPL is a feel good place to work. We retain our Investors in People Gold standard. Our employees are proud to say that they work for us, we're an inclusive employer, as a registered user of the disability tick symbol, we're committed to offering disability-friendly working environments and ensuring everyone gets the opportunity to grow and develop along their career path. We make sure everyone develops disability awareness to ensure we are supporting one another. We're equitable with a strong cultural synergy to our brand values. We have clear communications, and reward and recognise our employees, efforts. We work closely with trade unions, ensurln8 employees who are members are represented and that they can fully access all the benefits of their membership. Local: We are one team who look after each other and our local communities. Fun & Frlendly: A feel good place to work, makin8 a difference to people's lives every day and we have fun alonE the way. Innovative: Always looking for better, a chance to grow and develop to become the best version of ourselves. Our strategic priorities are creating a feel good place to work and one force for good. A feel 8ood place to work Represented: This year our employee representation was Increased by improving the reach of our Employee Ambassador, creating employee forums and feedback sessions and enabling direct board feedback of the findings. We've brought new employee recognition and praise awards, which led to our annual Feel Good Awards. Our focus on developing our Employee Value Proposition saw BPL win the Best Employer Brand Management category at the prestigious Employer Brand Management Awards and nominated for the best cultural transformation at the UK Company Culture Awards. Rewardln8: We have developed new reward frameworks for employees clearly identifyln8 the required skills and behaviours, leadershlp has also been rewarded through a balanced scorecard incentive scheme. Responslble: To ensure our charity acts responsibly a new reporting structure has been established, including tailoring board subgroups towards the new strategy, and clearer identification of risk through establishing a Resilient Business Team and a Responsible Business Compliance Team. One Force for Good We have significantly focused on improving the leadership teams in working collaboratively towards our new purpose, giving empowerment, clear direction and every opportunity to grow, Collaborative working teams have been established to help deliver the strategy, improve interdependence and to create better solutions. BARNSLEY PREMIER LEISURE THE TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDEO 31 MARCH 2024 YEAR ENDED 31 MARCH 2024 Our senior leadership team has been expanded to include a series of development posts, to give new senior leadership the opportunity to grow. Good For Customers We don't just operate venues, we're different, we bring spaces to life. This enables us to build our value proposition through the strong brand differentiation of being the most fun, friendly and innovative venues that understand and reflect our local communities. Our strategic priorities are to play a more active role in our communities, differentiating our brand from others and promotin8 our purpose of 'HelpinE people feel 800d.' Our communltles We aim for our centres to play a more active role in their local communlty, becomlng their trusted partner and improving our understandln8 and insight, while raisin8 awareness of the positive impact we make. Understandln8 Through 2023124 we developed a new mystery visit programme with 1,212 visits being made and a new satisfaction metric, the feel good score. Impart To increase awareness of the impact we make in our communities, we attended a wide series of outreach events. We have also partnered with Moving Communities, 4 Global, Sheffield Hallam University and Experian to develop a greater understanding of the Soclal Value that BPL creates for our communltles. Our Brand Dlfferentlatlon We airn to build brand value by developing adaptable propositions that are cherished by our customers, maintain consistency, increase innovation and develop a value driven customer service. Adaptable We really understand our brand values and this year our investments have focused solely on improving our brand differentiation, especially with our Your Space fitness membership, Swim Academy and Metrodome visitor attractions. This has helped BPL realise an 8.4% increase in fitness membership numbers and an Il% increase in footfall at the Metrodome. Interactive BPL has invested heavlly In developing digitally enabled systems through Microsoft Dynamics, throu8h the creation of our own CRM system, Ulex. This will significantly improve our ability to enhance our relationship with our customers. We also switched our Swim Academy to the Course Pro software which enables online sign on and tracking to partlcipants and schools. BARNSLEY PREMIER LEISURE THE TRUSTEES. AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 YEAR ENDED 31 MARCH 2024 Our digital relationship with customers has also improved through enhanced social media performance, with over 34.8 million page impressions over the year. We continue to develop innovative marketing campaigns that make our brands stand out, including a serles of Sky TV advertising campai8ns for which we were finalists in the UK Active Awards - Best Marketing Campalgn 2023. Promotln8 Our Purpose BPL makes every effort to ensure that our venues are safe, Incluslve, and accessible to all. Safe We pride ourselves in ensurin8 that our venues offer the safest environment to all, and our independent safety audits continue to show improvement and high levels of safety across all sites. To promote water safety awareness, we reached out to over 100 primary schools to deliver our Swim Safe message. Incluslve and Accessible Our pools achieved the Swim England Water Wellbeing Accreditation which ensures our pools are accessible to visitors with health conditions and provide5 a clear aquatic pathway for our lon8-term exercise programmes. We have also developed a new marketing campaign 'Let's Get Going... and physical activity to different sectors of our communities. which we will utilise to promote health We also saw our Leisure card usage Increase by 2.49% in the year with 257,000 visits. By collaborative working the group is confident that solution5 can be found and opportunities pursued. Great Delivery We're bold, always seeking sustainable 8rowth and efficiencies for long-term flnancial success. Our strategi priorities in achieving this are Increa5in8 our Impact, Everyday Efficiencies and Financial Resilience. Increasln8 our Impact Everyday Efficiencles Our Carbon Management plan identifies how BPL alms to become net zero by 2040 and this year we made significant progress, reducing our output to 4,479 tonnes co2e. Through our own investments we installed significant Solar array on our Pontefract site and implemented new sophisticated diEltal measuring equipment to closely manage consumption. In partnership with councils, we also delivered a new Building Management System for the Metrodome, and successfully received Swimming Pool Support Funding for the Metrodome of £400k and Swimming Pool Decarbonisation funding of £334k for energy efficiency at Bircotes and Dearneside. BARNSLEY PREMIER LEISURE THE TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 YEAR ENDED 31 MARCH 2024 We a150 launched our internal communlcations campaign 'lt's a Green Thlng, to change employee behaviour towards achieving net zero. Flnanclal Resllience Despite significant pressures from inflation and the cost of livin8, BPL has successfully delivered strong income growth, whilst maintaining all key operating margins. We achieved income growth of 13.3% during the financial year, and despite signiflcant wage Inflation resulting from increases in the natlonal Ilving wage we maintained our payroll efficiency strengthenin8 our balance sheet and growing net assets to £8.0m. We finished the year with 620 employees, Il% higher than last year. Good For All We're a trusted partner, passionate about making our local communities feel good. Trusted Partner As a trusted partner, BPL are now playlng a bigger role in our communities, with representation on the Health and Wellbeing Boards, Town 8oards, Stronger Communities Boards and Barnsley 2030 board. Our new strategy has been developed to inte8rate with our partners, Barnsley 2030 and Bas5etlaw Vision 2040 ambitions. Through our partnership with Bassetlaw District Councll, we have helped the district achieve significant Levelllng Up funding which will be utlllsed to transform the Priory Shopping Centre Into a new Family Entertainment Centre and Health and Wellbeing Hub, both operated by BPL. With Barnsley Metropolitan Borough Councll, we have aided in developing a successful proposal to transform the Alhambra Shopping Centre into a health and wellbeing hub, which will be funded by SYMCA. Proposals for three new health and wellbeing venues have also been developed, which will help us to reach more communities across the borough. Support from BMBC and the Football Foundation has enabled us to develop a new café and clubhouse at Dorothy Hyrnan Sports Club. This will be open in 2024, we also extended the car park capacity at this venue by 47 spaces. Swimming pools face numerous challenges at present and to lobby for.support BPL attended the Swim England Value of Swimming event at House of Commons. Responsible Significant attention has been pald to improving the decision-making processes across the organisation with the establishment of several new collaborative working groups, designed to improve collaboration whilst reducing silo working. A new Responsible Buslness Compliance Group has been established to maintain risk management whilst overseeing our corporate policies and procedures. BARNSLEY PREMIER LEISURE THE TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 YEAR ENDED 31 MARCH 2024 Healthy We're proud of the impact we make to our local communities. Through the year we have significantly increased capacity in health and wellbeing with a new management structure which will help BPL participate in new opportunities in this area. This has seen us develop a variety of new programmes such as Funletics, Just Plav Football, New Age Kurling, Dodgeball, Pickleball and multi sports sessions for the visually impaired. We have developed Holiday Attivity and Food sessions and a new dementia support group. th Our Tier 2 Adult Weight Management ha5 been hugely successful, being the 11 lar8est In the UK and completion rate of 63%, many of which have continued to be customers of BPL. In total we delivered 3,952 health referral programmes in the year and have developed new health interventions for Pre and Post Cancer rehabilitation, Health, Strength & Stability, Falls prevention and Healthy Teens Weight Management. In our pools we have introduced Good Boost, a therapeutic water exercise programme, focusing on prelpost-natal and long- term health condition5 and launched Cancer Friendly Swimming se55ions. Our health and wellbeing teams continue to Improve our partnerships and are now Integrated with many local forums and alliances. A Reslllent Buslness Our continued success in developing innovatlve solutlons for new markets whilst maximlsing returns has seen 8PL continue to 8enerate funds to reinvest, not only in our products and services but also into health intervention initiatives. Through this year we have paid attention to bolstering our Human and Or8anlsational Capital to ensure we continue to create value by differentiating our products whilst preparing for the forthcoming grovrth opportunities for 8PL. Trustees, Responslbllltles statement Company and Charity law requires the trustees to prepare financial statements for each financial year which give a true and falr vlew of the state of affairs of the Charity at the end of the year and of the surplus or deficiency for that period. In preparing those financial statements, the Trustees have.. • selected sultable accounting policies and then applied them conslstently; • made judgements and estimates that are reasonable and prudent; • stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepared the financial statements on the going concern basis. 10 BARNSLEY PREMIER LEISURE THE TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2024 YEAR ENDED 31 MARCH 2024 The Trustees have overall responsibility for ensuring that the Charity has appropriate system of controls, flnanclal and otherwise. They are also responsible for keeping proper accounting records which dlsclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act requirements. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud, other irregularities and to provide reasonable assurance that the accounts comply with; relevant Statutory laws and regulatlons the governing document requirements of the SORP In accordance with company law, as the Companvs Directors, we certify that., so far as we are aware, there is no relevant audit informatlon of which the Company's Auditors are unaware; and as the Directors of the Company, we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the Charity's Auditors are aware of that information. Signed on behalf of the Board of Trustees Denise Pozorski - Trustee Approved by the Trustees on 29 November 2024 11 BARNSLEY PREMIER LEISURE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF BARNSLEY PREMIER LEISURE YEAR ENDED 31 MARCH 2024 We have audited the financial statements of Barnsley Premier Leisure (the 'parent charitable compan￿> and its subsidiary (the 'group') for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities (incorporating the Summary of Income and Expenditure Account). the Charity and Consolidated Balance Sheets, the Consolidated Cash Flow Statement and the related notes on pages 22 to 41, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Finoncial Reporting Stondard applicable in the UK ond Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our opinion the financial statements: give a true and fair view of the state of the groups and parent charitable compan￿5 affairs as at 31 March 2024, and of the group's incoming resources and application of resources, includin8 its income and expenditure, for the year then ended. have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with International Standards on Auditing {UK) IISAS {UKI) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements In the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requlrements. We believe that the audit evldence we have obtained is sufficient and appropriate to provlde a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the groups or parent charitable companvs ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 12 BARNSLEY PREMIER LEISURE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2024 Other Informatlon The other information comprises the information included in the trustees, annual report, other than the financial statements and our auditorfs report thereon.The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companle$ Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees, report (incorporating the strategic report and the directors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and the strategic report and the directors, report have been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exceptlon In the light of the knowledge and understanding of the group and parent charitable company and its environment obtalned In the course of the audit, we have not identified material misstatements In the strategic report and the directors, report. We have nothin8 to report in respect of the following matters in relation to which the Companies Act 2006 and the Charitie5 Act 2011 requires us to report to you if, in our opinion: adequate and sufficient accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us. or the parent charitable companVs financial statements are not in agreement with the accounting records and returns; or certain disclosures of dirertors, remuneration specified by law are not made; or we have not recelved all the information and explanations we require for our audit,. or the trustees were not entitled to prepare the financial statements In accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report. 13 BARNSLEY PREMIER LEISURE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2024 Responslbllltles of trustees As explained rnore fully in the trustees, responsibilities Statement set out on page 10, the trustees {who are also the directors of the parent charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is nece55ary to enable the preparation of flnancial statements that are free from material mlsstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responslble for assessing the groups and parent charitable company's ability to continue as a going concern, disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so. Audltorfs responsibllltles for the audit of the flnanclal statements We have been appointed auditor under Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that Includes our opSnion. Reasonable assurance is a high level of assurance, but Is not a 8uarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including f raud, are instances of non-compliance wlth laws and re6ulatlons. We design procedures In Ilne with our responsibilities, outllned above, to detect material rnisstatements In respect of Irre8ularities, including fraud. The specific procedures for thls engagement and the extent to whlch these are capable of detecting irregularities, including fraud is detailed below: We gained an understanding of the legal and regulatory framework applicable to the charitable company {and its subsidiary) and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, Includin8 fraud. We design audit procedures to respond to the rlsk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detectin8 one resulting from error. as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We foc.ussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to the Companies Act 2006, Charitie5 Act 2011 and UK tax legislation. Our tests included a8reein8 the financial statements disclosures to underlying supporting documentatlon and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of Internal controls, including testing journals and evaluating whether there was evidence of bias by the dlrectors that represented a risk of material misstatement due to fraud. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.or auditorsres onsibilities. This description forms part of our Report of the Auditors. 14 BARNSLEY PREMIER LEISURE INDEPENDENT AUDITORS, REPORTTO THE MEMBERS YEAR ENDED 31 MARCH 2024 Because of the inherent limitations of an audlt, there 55 a rlsk that we will not detect all irregularlties, Including those leadin8 to a material misstatement in the financial staternents or non-compliance with regulation. This risk increases the more that compliance with a law or regulation 15 removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omisslon or misrepresentation. As part of an audit in accordance wlth ISAS {UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the groups or the parent charitable company's financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of interna5 control relevant to the audit in order to design audit procedures that are appropriate in the clrcumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. Evaluate the appropriateness of accounting policles used and the reasonableness of accountlng estlmates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accountin8 and, based on the audit evidence obtalned, whether a materlal uncertainty exlsts related to events or conditions that may cast significant doubt on the groups or parent charitable company's ability to Continue as a going concern. If we conclude that a material uncertalnty exists, we are required to draw attention In our auditor's report to the related disclosures In the financial statements or, if such di5clostsres are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or conditions may cause the group or parent charitable company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statement5, including the di5c105ures. and whether the financial statements represent the underlying transaction5 and events in manner that achieves fair presentation {i.e. gives a true and fair view). Obtain sufficient appropriate audlt evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, Including any significant deficiencies in internal control that we identify during our audit. 15 BARNSLEY PREMIER LEISURE INDEPENDENT AUDITORS, REPORTTO THE MEMBERS YEAR ENDED 31 MARCH 2024 Use of our report Thls report is made solely to the charltable companvs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members and its trustees those matter5 we are required to state to thern in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body and the charitable COMpan￿S trustees as a body, for our audit work, for this report, or for the opinions we have formed. Scott Mell FCA (Senior Statutory Auditor) For and on behalf of Xeinadln Audit Limited 8 Floor, Becket House 36 Old Jewry London EC2R 8DD 29 November 2024 16 BARNSLEY PREMIER LEISURE CONSOLIOATED STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 Unrestricted Restricted Designated Funds Funds Funds Total 2024 Total 2023 Note INCOME Incoming Tesourtes from generated funds: Activities for generating funds: Charitable company activities Trading subsidiary activities Investment income 91,389 3,157,875 228,458 91,389 69,804 3,157,875 2,789,450 228,458 84,585 Incomlng resources from charltable actlvltles: Fees, rents and charges Other incomlng resources 16,361,713 494 5 21014 16,361,713 14,557,324 44 515 019 ￿236 TOTAL INCOME 20 333 440 20 354 454 17 947 399 EXPENDITURE Cost of 8enerating funds: Commercial trading operations 1,184,730 1,184,730 1,082,730 Charltable activities 4 17,046,722 221,038 17,267,760 15,768,829 Other costs 475 613 47S 613 475 513 TOTAL EXPENDITURE 707 065 221038 . 17 327 072 18 io NET INCOME FOR THE YEAR BEFORE TAXATION, TRANSFERS AND PENSION ADJUSTMENTS Ipage 33) 17 BARNSLEY PREMIER LEISURE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 Unrestrlcted Restrirted Designated Funds Funds Funds Total 2024 Total 2023 Note TAXATION io NET INCOME/IEXPENDITURE) FOR THE YEAR AFfER TAX BUT BEFORE TRANSFERS AND PENSION ADJUSTMENTS 1626 375 200 024 1426 351 620 327 TRANSFERS 1104,4961 79,500 24,996 NET INCOMEIIEXPENDITURE) FOR THE YEAR AFfER TAX ANO TRANSFERS BUT BEFORE PENSION ADJUSTMENTS 1521879 120 524 24 996 1426 20 Pension cost recognised in the Statement of financial activities Net pension scheme interest; Barnsley pension Scheme Bassetlaw pension scheme Pension scheme service costs; 8arnsley penslon scheme Bassetlaw pension scheme 62,000 1,000 62,000 1,000 1193,000} 1115.0(M)) {397.0001 1397,000) 1686,000) NET INCOME/(EXPENDITURE) FOR THE YEAR AFfER TAXATION, TRANSFERS AND REALISED PENSION ADJUSTMENTS Actuarial gain on defined benefit pension scheme 890,879 {120,524) 24,996 795,351 11,243,673) 1501000 1501000 14 052 000 TOTAL RECOGNISED GAINS AND LOSSES RELATING TO THE YEAR 2,391,879 {120,524) 24,996 2,296,351 12,808,327 RECONCILIATION OF MOVEMENT IN FUNOS Total fund balance at l April 2023 6 881709 605 511 988 242 8 475 462 4 332 865 Closing fund balances at 31 March 2024 The statement of financial activities includes all gains and losses reco8nised in the year All incoming resource5 and resources expended derived from continuing artivities The surplu5 of the charitable company for Companies Act purposes for the year is £729,026 {2023.' £11,069 deficit}. 18 BARNSLEY PREMIER LEISURE CONSOLIDATED & CHARITY BALANCE SHEETS AS AT 31 MARCH 2024 Group 2024 Group 2023 Charity 2024 Charlty 2023 Note FIXED ASSETS Tangible assets Investments li 12 3,88S,238 4,764,688 3,885,238 4,764,688 3 885 238 4 764 688 19 4 764 689 CURRENT A55ETS Stock Debtors Cash at bank and in hand 13 14 148.190 1.662,805 5 031711 6,842,706 169,111 1,024,829 4 094 046 5,287,986 28,985 28,083 1,619,365 1,030.092 4 967 035 3 964 678 6.615,385 5,022,853 CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR 2 633 241 2 596 086 2 444 524 2 369 232 NET CURRENT ASSETS 2094 ￿1900 4170861 2653621 CREDITORS AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 155 126 155 126 NET ASSETS 8 030 813 7 301462 7 992 210 7 263 184 DEFINED BENEFIT PENSION SCHEME ASSET/{LIABILITY) 741000 1 174 000 74 LLOOO 1174 000 NET ASSETSIILIABILITIES) INCLUDING PENSION ASSET/{LIABILITYI FUNDS OF THE CHARITY Unrestricted funds: General fund Revaluation reserve Non charitable trading funds Designated fund5 Restricted funds TOTAL CHARITY FUNDS EXCLUDING PENSION RESERVE 21 21 21 21 21 6,493,985 5,669,431 854,250 854,250 38.603 38,278 158,988 133,992 7 605 511 6,493,985 5,669,431 854,250 854,250 158,988 484 987 133.992 605 511 8,030.813 7,301,462 7,992,210 7,263,184 Pension reserye 2 741000 1174 000 2 741000 1174 000 TOTAL CHARITABLE FUNDS The financial statements on pages 17 to 41 were approved and authorised for issue by the Trustees on the 29 November 2024 and are signed on their behalf bv: Valerie Mills - Trustee Company Registration Number: 03790143 19 BARNSLEY PREMIER LEISURE CONSOLIDATED CASH FLOW STATEMENT YEAR ENDED 31 MARCH 2024 2024 2023 NET CASH PROVIDED BY OPERATING ACTIVITIES (page 21) 1145 472 1302 905 TAXATION Corporation tax paid CASH FLOW FROM INVESTING AcfiviTIES: Interest received Purchase of property, plant and equipment Receipts from sale of property, plant and equipment 228,458 1232,3851 84,585 (558,6581 NEf CASH USED IN INVESTING ACTIVITIES 464 979 CASH FLOW FROM FINANCING AcfiviTIES: Repayments of borrowing Interest paid CBILS loan repaid 1193,533} 110,347} {85,939} {75,214) Net cash used In financlal actlvltles 203 880 075 Chan8e in cash and cash equivalents in the reporting period 937,665 1731,149) Cash and cash equivalents at the beginning of the reporting period 4 094 046 4 825 195 Cash and cash equivalents at the end of the reporting period 20 BARNSLEY PREMIER LEISURE CONSOLIDATED CASH FLOW STATEMENT YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOMING RESOURCES TO NEf CASH INFLOW FROM OPERATING ACTIVITIES 2024 2023 Net income before taxation and pension adjustment Interest receivable Interest payable 1,426,351 1228,4581 620,327 {84,5851 1,208.240 610,956 Defined benefit pension contributions Depreciation (Profit) disposal of fixed assets IlncreasellDecrease in stocks Ilncreasel/Decrease In debtors Increase/lDecreasel In creditors 1699,0001 1,108,085 1631,000) 1,213,973 1167} 121.265} 202,112 20,921 (637,9761 145 202 Net cash Inflow from operatlng actlvltles Rf CONCIUATION OF NET CASH FLOW TO MOVEMENTS IN NET FUNDS Increase/lDecrease} in cash In the year 937,665 {731,1491 Net funds as at 31 March 2023 4 094 046 4 825 195 Net funds as at 31 March 2024 5 031711 4 094 046 21 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (al General information and basis of preparation Barnsley Premier Leisure is a charitable company, limited by guarantee in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page l of these financial statements. The charlty constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities., Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting Standard applicable in the United Klngdom and Republic of Ireland (FRS 1021, the Companies Act 2006 and UK Generally Accepted Accountln8 Practice. The financial statements are prepared on a going concern basls under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterllng which Is the functional currency of the charlty and rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Basls of consolidation The statement of financial activities {SOFAI and balance sheet consolidate the flnancial statements of the Charity and its subsidiary undertaking Barnsley Premier Lelsure Trading Limited. The results of the subsidiary are consolidated on a line by line basis, The Charity has availed Itself of Paragraph 3 13) of Schedule 4 of the Companles Act and adapted the Companies Act formats to reflect the special nature of the Charity's actSvltles. No separate SOFA has been presented for the Charity alone as permitted by the Companles Act 2006 and paragraph 397 of the SORP. {b) Funds General funds are unrestricted funds whlch are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds, which are to be used in accordance with specific restrictions imposed by donors, or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund, The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income and gains are allocated to the appropriate fund. 22 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Convd (c} Income Recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Deferred Income Income received in the year which relates to the future performance of an activity or event is considered deferred income and carried forward to the following year. Charitable trading activities The Income from trading activlties represents amount receivable in the year, excluding value added tax where applicable. Gronts ond other income receivoble Income f rom grants, including capital grants, is included in incoming resources when these are receivable and allocated appropriately between unrestricted and restricted income depending upon restrictions Imposed, Interest receivable Interest is Included when receivable by the Charity. (d) Expendlture Recognltlon Resources expended are accounted for on an accrual basis and have been classified under headings that aggregate all costs related to the cate80ry. Where costs cannot be dlrectly attributed to particular headlngs, they have been allocated to activities on a basis consistent with use of the resources. Support costs include control functions and have been allocated to activity costs categories on a basis consistent with the use of resources. Other costs Include those incurred In the governance of the Charlty and its assets and are primarily associated with constltutional and statutory requirements. Non recoverable VAT is included as a support cost in the 50FA instead of re-allocation to actual expenses. Irrecoverable VAT relating to asset additions is capitalised and depreciated over the life of the corresponding asset. 23 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Cont'd {e) Tanglble Fixed Assets Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of an asset, less its estimated residual value over the useful economic life of that asset as follows: Land & buildings Fixtures, equipment and IT Leasehold property improvements Motor vehicles 4% stralght Ilne IO% to 33% straight line IO% straight line 20% straight line If) Investments Investments in subsidiarie5 are measured at cost less impairment. 18) Stocks Stocks are stated at the lower of cost and estimated selling prlce less costs to complete and sell. Cost Includes all costs of purchase, costs of conversion and other costs incurred in bringlng stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provlsion is made for dama8ed, ob501ete and slow-moving stock where approprlate. (h) Provlslons Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. {1) Leases Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Rentals payable and receivable under operatlng leases are charged to the SOFA on a straight-line basis over the perlod of the lease. (i) Pension costs The group operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. The group also operates two defined benefit plans for the benefit of its employees. Liabilities for the charity's obligations under the plans are recognised net of plan assets. The net change in the net defined benefit liabilities are recognised as the cost of the defined benefit plans during the period. Pension plan assets are measured at fair value and the defined benefit obligations are measured on an actuarial basi5 using the projected unit method. Actuarial valuations are obtained at least triennially and are updated at each balance sheet date. 24 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Cont'd (k) Tax The charity is an exempt charity within the meaning of schedule 3 of the Charitles Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Art 2010 and therefore it Meets the definition of a charitable company for UK corporatlon tax purposes. (l) Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of Income and expenditure for 12 months from authorlslng these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a goin8 concern. (m) Debtors and creditors receivable / payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arislng from Impalrment are recognlsed In expenditure. (n) Loans and borrowlngs Loans and borrowin8s are inltially recognised at the transactlon prlce including transaction costs. Subsequently, they are measured at amortlsed cost using the effective interest rate method, less Impairment. If an arrangement constltutes a flnance transaction it is measured at present value. (o) Slgnlflcant Judgements and Estlmates The significant judgements and estimates used in the preparation of the financial statements are: The defined benefit pensions schemes operated by the Trust are included in the financlal statements at a valuation determlne by independent actuarie5. The a55umption5 used are detailed in note 8 of the flnancial statements. The investment property held by the Trust is included in the financial statements at a recent valuation undertaken by an expert. The trustees still believe this valuation to be accurate at the balance sheet date. There are no other key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of a55ets and liabilities within the next financial year. 25 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 SUBSIDIARY COMPANY The Charity's wholly owned subsidiary Barnsley Premier Leisure Tradlng Ltd, incorporated in England, undertakes leisure trading services. The Company gift aids Its profits to Barnsley Premier Leisure. The subsidiary has been consolidated on a line by line basls In the SOFA. Audited accounts are filed with the Registrar of Companies. A summary of its trading results is shown below: 2024 2023 Profft and Loss Account Turnover 3,157,875 2,789,450 Cost of sales 1184 730 1082 730 Gross Profit 1,973,145 1,706,720 Interest recelvable Administrative expenses 1339 501 1200 851 633,644 505,869 Other operatin8 Income Net profit/{lossl before taxatlon 633,644 505,869 Taxation Net Profit after taxation 633,644 S05,869 Gift aid to B.P.L, {Charltyl 633 319 505 473 Retained in subsidiary 325 396 Fund balances brought fonNard at l April 2023 Fund balances carried forward at 31 March 2024 Aggregate amount of assets, Ilabllities and funds was; 2024 2023 Assets 409,157 384,968 Liabilities 370 554 346 690 Funds (including £1 share capital) 26 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 OTHER INCOMING RESOURCES Unrestricted Restrirted Designated Funds Funds Funds Total 2024 Total 2023 We Are Brave Programme Building management strategy Football foundatlon Ba55etlaw costs reimbursement Sport England Other CCG grants Outreach programme Barnsley wellbeing project 9,494 9,494 115,000 24,000 61,527 61,527 11,520 432,478 11,520 432,478 S9,236 128,000 40,000 CHARITABLE AcfiviTES Unrestrlcted Restrfcted Deslgnated Funds Funds Funds Total 2024 Total 2023 Costs of actlvlties in furtherance of the Charity's objects: Wages and salarles Light, heat. water and refuse Sports equlpment, pool and property maintenance 8,661,166 2,419,558 4,500 8,665,666 2,419,558 7,558,014 2,724,877 1391000 12 471724 193 393 197 893 1584 393 12 669 617 1170 920 11453 811 Support Costs: Wages and salaries Cleaning and clothing Telephone, office and computer expenses Special events and Ilcenses Insurance Travel expenses Training and recruitment Bank charges Depreciation Profit/llossl on disposal of fixed assets Marketing and advertising Loan and hire purchase interest Bad debt provision Non recoverable VAT 532,854 181,012 532,854 181,012 498,452 156,569 760,699 274,598 224,383 37,378 125,191 71,782 1,101,035 760,699 274,598 224,383 37,378 140,086 71,782 1,108,085 691,576 209,280 201,876 35.493 81,040 74,672 1,213,973 14,895 7,050 (1671 270,614 75,214 14,902 791524 4 315 018 410,001 10,347 126,688) 872 406 4 574 998 1,200 411,201 10,347 (26,6881 872 406 4 598 143 27 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 OTHER COSTS Other costs relate to governance costs incurred during the year. Unrestrlcted Restrirted Deslgnated Funds Funds Funds Total 2024 Total 2023 Wages and salaries Auditors, remuneration Trustee insurance and expenses Chair persons remuneration Secretarial services Legal and professional fees Accountancy, taxation and other services 112,565 23,500 104 17,272 11,637 294,481 112,565 23,500 104 17,272 11,637 294,481 108,150 22,500 570 16,880 9,495 312,907 TOTAL RESOURCES EXPENDED Depreciation & Amort15atlon Other Costs C05t5 Staff Costs Total 2024 Total 2023 Fundraislng tradln8', Cost of goods sold Charitable activities Governance costs 1,184,730 1,184,730 1,082,730 6,848,590 17,267,760 15,768,829 475 613 475 613 475 513 9,311,085 1,108,085 2024 2023 Wage5 and 5alarles Social security costs Pension costs 7,986,087 566,462 758 536 7,111,098 489,413 564 105 The nurnber of employees whose emoluments as defined for tax purposes amounted to over £60,000 in the Year was as follows: 2024 Number 2023 Number £60,001- £70,000 £70,001- £80,000 £80,001- £90,000 £90,001- £100,000 £ioo,ooi - £iio,000 £130,001- £140,000 £140,001- £150,000 The key management personnel of the parent charity, the Trust, comprise the Trustees, the Chief Executive Officer and Other managers. The total employee benefits of the key management personnel of the Trust were £645,41912023- £606,602). Staff Numbers The average number of full-time equivalent employees (including casual and part time staffl employed by the group during the year was 29512023- 247). The average number of actual employees employed by the group during the year was 64312023- 6011. 28 BARNSLEY PREMIER LEISURE NOTE5 TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 TRUSTEES, REMUNERATION During the year, a Trustee received remuneration of £11,377 in respect of Chairperson's services for the year (2023.. £10,550). During the year, a Trustee was reimbursed £104 for out of pocket expenses, being travel and subsistence {2023- £5701. PENSION CONTRIBUTIONS The Group operates two defined benefit pension schemes for the benefit of the employees. The assets of the schemes are administered by Pension Scheme Trustees in funds independent from those of the Group. Total employer contributions for Barnsley for the year were £385,510 {2023 £303,218) and total employer contributions for Bassetlaw for the year were £302,546 12023 - £207,831), wlth projections of similar contributions for the year ended 31 March 2024. The Group also operates a defined contribution pension scheme. The total contributions made on behalf of employees for the year were £70,026 {2023: £54,284). BARNSLEY PENSION SCHEME For the Barnsley Scheme a full actuarial valuation was carried out at 31 March 2024 by a qualified independent actuary. The major assumptions used by the actuary were: 31.3.24 3.4% 2.8% 4.9% 2.8% 31.3.23 3.6% Rate of increase in salaries Rate of increase in pension payment Discount rate Rate of CPI inflation 4.8% The assets of the scheme and the expected rate of return were: Value 31.3.24 I£OOOs) Value 31.3.23 {£OOOsl Equities Government Bonds Other Bonds Propertv Cash/Liquidity 14,068 12,789 4,282 1,835 204 4,325 1,504 188 Total market value of assets 20,389 18,806 Present value of scheme liabilities Deficit in the scheme and net Pension liability 29 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PENSION CONTRIBUTIONS (CONfD) 2024 I£OOOs) 2023 {£OOOsl Amounts recognlsed In the income and expendlture account Current service costs Interest on pension scheme liabilities Employer contributions Expected return on pension scheme assets 397 1621 13851 896 686 193 14261 525 Total Actual return on Scheme assets Analysls of amount reco8nised in the Statement of Financial Actlvltles 2024 I£OOOs) 2023 (£OOOsl Actuarial gains for the year Reconclllatlon of Assets and Defined Benefit Obligations Changes in the fair value of the assets are: 2024 I£OOOs) 2023 {£00051 Opening fair value of f und assets Expected return on assets Employer contributions Contributions by scheme participants Benefits paid Actuarial gain on assets only 18,806 896 385 124 14021 58 19,354 525 426 122 1381) Fair value of assets at 31 March Changes on defined benefit obligation over the year are: 2024 I£OOOs) 2023 (£OOOs) Opening defined benef it obligation Current service cost Contribution by scheme participants Interest costs Benefits paid Change in financial assumptions Change in demographic assumptions Experience loss on def ined benefit obligation 17,489 397 124 834 14021 11,211) 11191 536 26,387 686 122 718 {3811 {12,0091 231 Defined benefit obligations at 31 March 30 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PENSION CONTRIBUTIONS (CONT'D) Summary of Current & Prior Year amounts: 2024 2023 2022 2021 2020 {£OOOs} 1£0005) (£OOOsl {£OOOs) (£0005) Total market value of assets Present value of scheme liabilities 20,389 18,806 19,354 17,494 14,226 Deficlt In scheme/Net pension liability BASSETLAW PENSION SCHEME For the Bassetlaw Scheme a full actuarial valuation was carried out at 31 March 2024 by a qualified independent actuary. The major assumptions used by the actuary were.. 31.3.24 3.9% 2.9% 5.0% 2.9QA 31.3.23 3.9% 2.9% 4.8% 2.9% Rate of increase in salaries Rate of increase in pension payment Discount rate Rate of CPI Inflatlon The assets of the scheme and the expected rate of return were: Value 31.3.24 (£OOOs} Value 31.3.23 (£OOOs) Equities Government Bonds Other Bonds Property Cash/Liquidity Inflation plus Infrastructure Private equities 3,470 149 312 647 364 278 441 191 2,836 102 307 602 242 255 379 194 Total market value of assets 5,852 4,917 Present value of scheme liabilities Surpluslldeficit) in the scheme and net Pension asset/lliability) 43 31 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PENSION CONTRIBUTIONS (CONfD) 2024 (£0005) 2023 {£OOOs} Amounts recognised in the income and expenditure account Current service costs Interest on pension scheme liabilities Expected return on pension scheme assets Employer contributions 297 (i) 1245) 314 870 115 (1261 205 Total Actual return on Scheme assets Analysls of amount recognSsed In the Statement of Financial Artlvltles 2024 {£0005) 2023 (£OQOs) Actuarial gainslldeficitl for the year Reconciliation of Assets and Defined Beneflt Obllgatlons Changes in the fair value of the assets are: 2024 (£OOOs) 2023 {£OOOs) Opening fair value of assets Expected return on assets Employer contributions Contributions by scheme participants Actuarial gain on assets only Benefit5 paid Administrative expenses Other 3Ctuarlal 4,917 245 314 116 320 1581 121 4,800 126 205 ioi 1219) 152) (2) 42 Fair value of assets at 31 March Changes on deflned benefit obllgatlon over the year are: 2024 (£OOOs) 2023 {£OOOsl Opening defined benefit obligation Current service cost Contribution by scheme participants Interest costs Change in financial assumptions Benefits paid Change in demographic assumptions Change in asset ceiling Experience loss on defined benefit obligation 5,060 297 116 244 1255} 158) 167) 24 491 9,412 ioi 241 (5,9141 (521 (4701 874 Oefined benefit obligations at 31 March 32 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PENSION CONTRIBUTIONS (CONT'D) Summary of Current & Prlor Year amounts: 2024 {£OOOsl 2023 2022 2021 2020 I£OOOsl (£OOOs) (£OOOsl (£OOOs) Total market value of assets Present value of scheme liabilities Deficit in scheme/Net pension liability 5,852 4,917 4,800 412 4.172 3,235 03 GROUP NEf INCOME I EXPENDITURE Net income / expenditure is stated after charging 2024 2023 Depreciation of fixed assets Profit on disposal of fixed assets Auditors, remuneration Auditors, remuneration for non.audit services Operating leases Loan and hire purchase interest 1,108,085 1,213,973 (167) 22,5CM) 5,011 130,000 23.500 16,054 451,842 .10 TAX ON SURPLUS ON ORDINARY ACTIVITIES The Company is a registered Charity and is not liable to corporatlon tax. The following tax charge relate5 to the tradin8 subsidiary Barnsley Premier Leisure Trading Llmlted. 2024 2023 Current tax: UK Corporation tax based on Barnsley Premler Le15ure Trading Limited results for the year at 19%12023'. 19%) 11 TANGIBLE FIXED ASSETS-GROUP Land & Buildings Fixtures & Equipment Leasehold Property Improvements Motor vehicles Total COST / VALUATION As at l April 2023 Additions Disposals 1.495,000 13,174,221 232,385 279,153 36,887 14.985,261 232.385 As at 31 March 2024 1495 000 13 394 411 279 153 15 205 451 DEPRECIATION As at l April 2023 Charged In the year Disposals 132,137 67,507 9,844,999 1,032,709 206,550 7,869 36,887 10.220,573 1,108,085 As at 31 March 2024 10 869 263 214 419 11320 213 NET BOOK VALUE At 31 March 2024 At 31 March 2023 33 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 11 TANGIBLE FIXED ASSETS- CHARITY Land & Bulldin85 Fixtures & Equlpment Leasehold Property Improvements Motor vehicle Total COST / VALUATION As at l April 2023 Additions Disposals 1,495,000 13,144.641 232,385 279,153 36,887 14,955,681 232,385 As at 31 March 2024 1495 000 13 364 831 279 153 36 887 15 175 871 DEPRECIATION As at l April 2023 Char8ed in the year Disposa15 132,137 67,507 9,815,419 1,032,709 206,550 7,869 36,887 10,190,993 1,108,085 As at 31 March 2024 10 839 683 36 887 11290 633 NET BOOK VALUE At 31 March 2024 At 31 March 2023 Included within the net book value of the Group and Charity is £14,550 (2023 £21,600) relating to assets purchased via restricted funding and £Nil12023 - £98,986) relating to assets held under finance leases. The depreciation charged to the accounts in the period in respect of assets purchased via restricted funding amounted to £2,40012023 - £2,400) and £98,986 {2023 £98,986) in respect of assets held under finance leases. During the 2021 financial year, land and buildings were revalued by Smiths Chartered Surveyors, a propertv valuation company, and was valued using the estimated yearly rnarket rent and gross initial yield method. The trustees still believe this valuation to be accurate for the current financial year. 12 INVESTMENTS Cost of investment in subsidiary company was £1 {2023 - £1). At 31 March 2024 the aggregate of the subsidiary capital and reserves was £38,603 {2023 - £38,278) and the companws profits after gift aid for the vear were £325 {2023- £396). 13 STOCKS Group 2024 Group 2023 Charity Charity 2024 2023 Goods for resale 34 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 14 DEBTORS: Amounts fallln8 due wlthln one year Group 2024 Group 2023 Charlty 2024 Charlty 2023 Trade debtors Amounts due from subsidiary undertaking Prepayments & accrued Income Other debtors 234,896 381,758 167,504 181,837 1,167.872 307.759 119.836 602,347 150 1,330,559 642,846 15 CREDITORS: Amounts falllng due within one year Group 2024 Group 2023 Charity 2024 Charlty 2023 Trade creditors BMBC loans Other taxation & social security Accruals & deferred Income Other creditors Hire purchase 720.622 495,301 119,177 131.216 204.456 184,602 1,412,601 1,455,381 176,385 239,327 647,902 390,692 119,177 131.216 204.456 184,602 1,318,537 1,341,006 154,452 231.457 16 CREDITORS: Amounts fallln8 due after more than one year Group 2024 Group 2023 Charlty 2024 Charltv 2023 Between one and two years 8MBC loans Between two and flve years BMBC loans. BMBC loans are repayable by equal instalments over various terms and interest is charged at commercial rates. Finance lease agreements are secured on the assets to which the agreements relate. 35 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 17 DEFERRED INCOME The following amounts are included in creditors falling due within one year. Group Group 2024 2023 Charlty 2024 Charity 2023 Balance at l April Amount released to incoming resources Amount deferred in the year Balance at 31 March 524,257 528,445 507,348 500,910 {524,2571 1528,4451 1507,348) 1500,910) 482 424 524 257 507 348 Deferred income comprises admission fees and promotional income received in advance. 18 LEASES a) Operating leases Total future minimum lease payments under non-cancellable operatlng leases are as follows,. 2024 Land & Buildings 2023 Land & Bulldings Not later than one year Later than one and not later than five years Later than five years 90,500 352,592 loo,000 b) Flnance leases Total future minimum finance lease payments are as follows: 2024 Hlre Purchase 2023 Hire Purchase Not later than one year Later than one and not later than five years 90,259 Less finance charges 36 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 19 RELATED PARTY TRANSACTIONS Due to the nature of the Charitable Compan￿5 operations and the composition of the Board of Trustees being drawn from local public and private sector organisations, it is inevitable that transactions will take place with organisations in which a member of the Board of Trustees may have an interest. All transactions involving an organisation in which a member of the Board of Trustees may have an interest are conducted at arms length and in accordance with the Charitable Company's financial regulations and normal procurement procedures. Durin8 the year Mrs V A Mills, the chalr of Barnsley Premier Leisure, received £11,37712023 - £10,550) for services rendered for holding the chair position of the trust. Durin8 the year Mrs D Pozorski, the chair of Barnsley Premier Leisure Trading Ltd, received £6,826 {2023 £6,330) for services rendered for holdin8 the chair position of the trading company. These fees were paid by the trust. Durin8 the year Mr N Webber, a director of Barnsley Premier Leisure Trading Limited, provided consultancy services on commercial terms to Barnsley Premier Leisure Trading Limited totalling £Nil (2023 - £2,500). £Nil was owed to Mr N Webber as at 31 March 2024 (2023 - £Nil). 20 ANALYSIS OF GROUP NEf ASSETS BETWEEN FUNDS Fund balance5 at 31 March 2024 are represented bv: Foxed A$5ets Current Assets Current Uabllltles Long-teim Llabllltles Total Unrestrirted funds General fund Non charitable trading 3,016,438 8,516,697 437 583 (2,248,474) 163,889) 9,220,772 Totsl unrestrlcted funds 016 438 8 954 280 2 633 241 889 9 273 588 Restrirted funds 8assetlaw performance payments Weight management programme CRM fund Building management strategy Football foundation Outreach programme 189,750 158,243 90,350 1,526 189,750 158,243 90.350 1,526 14,550 14,550 Total restricted funds 470 437 Deslgnated funds Revaluation reserve AGP Sinking fund 854,250 854,250 158 988 158 988 Total designated funds Total funds 37 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ANALYSIS OF GROUP NEf ASSETS BETWEEN FUNDS ICONT'D) Comparative5 for analysls of group net assets between funds Fund balances at 31 March 2023 are represented by: Flxed Assets Current Assets Current Liabilities Long-term Llabllltles Total Unrestricted funds General fund Non charitable trading Total unrestricted funds 3,888,838 5,359,115 384 968 3 888 838 5 744 083 (2,249,395) 346 691 2 596 086 1155,126) 6,843,432 155 126 6 881709 Restricted funds Bassetlaw performance payments Welght management programme CRM fund Buildin8 management strate8y Football foundation Outreach programme Total restricted funds 189,750 158.243 90,350 115,000 189,750 158.243 90,350 115.000 21,600 21,600 583 911 605 511 Deslgnated funds Revaluation reserve AGP sinking fund Total deslgnated funds Total funds 854,250 854,250 133 992 133 992 854 250 133 992 988 242 21 STATEMENT OF FUNDS At l Aprll Income 2023 & transfers Expenditure & transfers At 31 March 2024 Glft Ald Unrestrlcted funds General fund Non Charitable trading funds Total unrestrlcted fund5 6,843,432 18,572,069 (16,813,834) 38 277 3 157 875 2 524 231 6 881709 21729 944 19 338 065 633,319 9,234,986 633 319 9 273 $88 Restrirted funds 8assetlaw performance payments Weight management programme CRM fund Building management strategy Football foundation Outreach programme We Are Brave programme Sport England Total restricted funds 189,750 158.243 90,350 115,000 21,600 30,568 50,399 (50.3991 189,750 158.243 90.350 1.526 14,550 30.568 1113.4741 17,0501 16,095 (16,0951 605 511 221038 484 987 Designated funds Revaluation reserve AGP Sinking fund Total deslgnated funds Total funds 854,250 133 992 988 242 854,250 158 988 101323 38 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 STATEMENT OF FUNDS (CONT'D) Comparatlves for statement of funds At l April Income 2022 & transfers Expendlture & transfers At 31 March 2023 Glft Ald General fund Non Charitable trading funds Total unrestricted funds (5,796,245) 14,981.349 12,847,145) 2 789 450 2 283 581 17 770 799 5 130 726 505.473 6,843.432 505 473 5 758 364 6 881709 Restrlcted funds 8assetlaw performance payments Weight management programme CRM fund Building management strategy Football foundation Outreach programme Total restrlrted funds 213,660 158,243 90,350 100,000 {123,9101 189,750 158,243 90,350 115,000 21.600 115,000 21.600 462 253 133 342 605 511 Desl8nated funds Revaluatlon reserve AGP Slnkin8 fund Total deslgnated funds 854,250 108 996 963 246 854,250 133 992 988 242 Total funds Unrestricted funds The general fund represents the free funds of the Charity which are not desi8ned for any particular purpose. The non charitable tradlng fund represents the residual reserves of the subsidiary undertaklng Barnsley Premier Leisure Trading Limited, after gift aid of its taxable profits to the Charitable Parent Company. The reserves are free funds of the subsidiary undertaking, not designated for any particular purpose. Restricted funds Bassetlaw performance payments Monies received from Bassetlaw Council as a reward for the Barnsley Premier Leisure Group meeting certain performance criteria at the Bassetlaw sites. The fund balance will be spent In agreement with Bassetlaw Council. Weight management progromme Monies were received during prior years from BMBC for BPL to deliver free programmes for people wanting to make positive lifestyle changes and maintain a healthy lifestyle. None of this funding was spent during the current year, 39 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 STATEMENT OF FUNDS ICONT'D) CRMfund Monie5 were received in the prior year in order to develop a new internal CRM system. This project was not completed by the year end and so is included as a project prepayment. Building management strotegy Monies were received during the year to cover the cost of the Metrodome 8uildin8 Strategy, to upgrade the building. The majority of this fund was spent by the year end. Footbollfoundotion During the year, fundin8 was received from the Football Foundation in order to part-fund the purchase of a new tractor to assist at one of the centres. This was purchased during the previous year, 6iving rise to the movement on the fund being the depreciation charge. Outreoch progromme Monies were received during the previous year to be spent on creating projects for target audiences to help increase sustainable behaviour and reduce inactivity. We Are 8rave programme During the year, monies were recelved from Calderdale Colle8e to be spent on training and coachlng courses. All of this income was spent during the year. Sport Englond A grant was received from Sport England during the year In order to part fund a poolside 'Good Boost, programme. All of the grant was spent durln8 the year with the Charity contributlng towards it also. Deslgnated funds The AGP sinking deslgnated fund represents monies set aside for the eventual replacement of the AGP artificial grass pltch, Monies are set aside in line with the original agreement and the 10-year replacement period. The revaluation reserve arose due to the revaluation of the Mansfield land and buildings in the 2021122 financial year. There were no subsequent valuations in 2023123, therefore no movement in the fund. 22 RESERVES 2024 2023 Balance brought forward Net (outgoingl/incoming resources Other recognised (losses) and gains 8,475.462 14,332,865) 79S,351 11,243,673) 1501000 14 052 000 Balance carried forward 23 FINANCIAL COMMITMENTS Contractual commitments for the acquisition of tangible fixed assets contracted for but not provided in the financial statements amounted to £483,000 (2023- £528,849). 40 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 24 FINANCIAL INSTRUMENTS The carrying amounts of the charity's financial instruments are as follows: Group 2024 Group 2023 Charlty 2024 Charlty 2023 Financiol assets Debt instruments measured at amortised cost: Cash at bank and in hand Trade debtors (note 14) Amounts owed by group (note 141 Other debtors (note 14) 5,031,711 234,896 4,094,046 381,758 4,967,035 167,504 181,837 102 152 541852 3,964,678 307,759 119,836 150 4 392 423 225 4 476 029 5 363 957 Flnonciol liobilities Measured at amortised cost: Trade creditors {notes 15-161 Bank loans Other creditors (notes 15-16) Other loans (notes 15-16) Hire purchase (notes 15-16) 720,622 495,301 647,903 390,692 176,385 183,067 239,327 286,342 154,452 183,067 231,457 286,342 1080 074 1111229 985 422 998 750 41