Charity number: 1079101 Company number: 03896891 Carn Brea Leisure Centre Trust (LIMITED BY GUARANTEE) Trustees. Annual Report and Flnanclal Statements For The Year Ended 31 March 2025
Carn Brea Leisure Centre Trust (Limited by Guarantee) Contents Pa Reference and administrative information Trustees. annual report Independent auditors, report 8-11 Consolidated statement of financial activities 12 Consolidated and company balance sheet 13 Consolidated statement of cash flows 14 Notes to the financial statements 15-32
Carn Brea Leisure Centre Trust (Limited by Guarantee) Reference and administrative information For the yeor ended 31 Morch 2025 Charity registration number 1079101 Company registratlon number 03896891 Registered office and buslness address Station Road Pool Redruth Cornwall TRIS 3QS Trustees Mr C Hunter-chair Mr C Rowe Mr L Bateman Mr R Beeching Ire51gned 24 October 20241 Mr N Lake Mrs A Pascoe Mrj Rowe Ms N Smith Iresigned 29 August 20241 Mr J Murray (appointed 30 January 20251 Ms R Crocker (appointed 30 January 20251 Mr J5H James lappointed 30 January 20251 Mr J James lappointed 26 June 20251 Auditors BK Plus Audit Limited 3 chapel Street Redruth Cornwall TR15 28Y Bankers Lloyds Bank PIC 27 Fore Street Redruth Cornwall TR15 38J CCLA Investment Management Limitèd Senator House 85 Queen Victoria Street London EC4V 4ET Santander UK plc 31 Boscawen Street Truro Cornw311 TRI 2QI Solicitors Foot ADStev High Water House Malpas Road Truro Cornwall TRI IQH Key Management Personnel Sharon Christie (Business Administratlon Managerl Robert Rosevear (General Managerl
Carn Brea Leisure Centre Trust (Limited by Guarantee) Trustees, report For the yeor ended 31 March 2025 The Trustees of Carn Brea Leisure Centre Trust present their report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effettive l January 2019)" Objectives and Activities Policies and Objertives The objects of the charity, as defined by the Memorandum of Association, are to provide recreational facilities together with education and training in sporting and leisure activities with the object of improving the potential user's condition of life. Such facilities should be available to the public at large irrespectlve of their youth, age, infirmitvi disablement, poverty or social or economic circumstances. In setting our objectives and planning the activities of the charity the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit. Strategies for Achieving ObjectNes The charity has in place a robust plan and budgets, complemented by creative sales and marketing Inltlatives to ensure the facilities are fit for purpose and the leisure activities on offer support delivery of the Trust's charitable objectives. The Trustees and management team use a variety of 'key performance indicators, alongside customer feedback Schemes to evaluate and measure how effective the charity is at delivering against its charitable goals. Activltles for Achieving Objectives The charitys facility comprises., 8ym, swimming pools. sports hall, group fitness studios, athletics track, squash courts. Cafe, meetin8/training/conference rooms and a therapy sulte. Utilising the various facilities, the Trust offers a comprehensive, diverse and accessible range of activities to ensure the community'5 activity needs are met. A number of initiative5 have continued to be used throughout the year to engage with the local community and ensure wherever possible that facilities/activitie5 are accessible to all, these have included.. GP referral schemes, subsidised swimming sessions, corporate membership schemes and a community sponsorfs scheme.
Carn Brea Leisure Centre Trust (Limited by Guarantee) Trustees, report For the yeor ended 31 March 2025 Achievements and Performance Review of Activitie5 The Trustees are pleased to report that demand continued to grow acros5 all activities offered by the centre with record member numbers and a strengthening user base. The Senior Management Team led by the General Manager continue to review all Policies, Protocols and Procedures throughout the year. Staff and Managers have worked hard to ensure these are up to date and training has been implemented as required to maintain and raise standards to all departments and in all areas. Staff continue to perform exceptionally well and to a high professional standard. Increaslng customer demand and a number of capital repair and improvement projects have put increased pressure upon the Staff and ManaEementTeam, but all have responded well and there 15 an increased feeling of positivity going forward, The year has continued to be challenging due to energy costs increasing. roof repair works and ongoing pressures due to increased user numbers. These have been controlled effectively byThe Mana8ement Team and we are seeing stability and improvements in all areas. The Team continues to engage with Community, Local Authority and Business Sponsors and work continues to build upon these valuable connections. The Trustees are delighted to reportthatthe Centre continues to be well managed and is in a healthy position to invest in the future. The condition of the building and facilities continues to be challenging but the Management Team and Trustees have outlined key projects and have invested in development work to ensure projects can be taken from planning to implementation stage swiftly when funding opportunities arise. Fundraising Activities/lncome Generation Carn Brea Leisure Centre Trust owns 100% of the share capital of Carn Brea Leisure Centre {Tradingl Limited, a company incorporated in England and Wales (company no. 04212770}. The principal activity of Carn Brea Leisure Centre (Trading) Limited is to operate the commercial activities at Carn Brea Leisure Centre. All taxable profits generated through this trading subsidiary are donated to Carn Brea Leisure Centre Trust. The Trust is actively fundraising for various repalr and improvement projects and we are engaging with a range of organisations in a bid to secure the funding we require. Financial Review Reserves As at 31 March 2025, the group held £618.769 of funds (2024: £490,898), of which £436,045 (2024: £421,749) were restricted for specific purposes and £182,72412024: £69,149) were unrestricted.
Carn Brea Leisure Centre Trust (Limited by Guarantee} Trustees. report For the yeor ended 31 March 2025 Going Concern The Trustees are pleased to report that CBLCT has continued to grow and the number of activities offered and user numbers have reached an all time high and continue to expand. In recognising the importance of Health and Fitness Activities, to all age groups and sectors of the local demographic, the Trust ha5 continued to work with Cornwall Council and other Partners to help with the acce55ibility of our offerings. The Trustees and Management Team continue to engage with Cornwall Council and other Key Stakeholders. including our local MP and Local Councillors. to investigate the most appropriate Funding Bid to improve and enhance the facilities and activities for the future. We have also strong ties with sporting bodies and organisations throughout the country and continue to grow local connections with Cornwall leisure providers. Trustees are delighted that the Trust has maintained a surplus during the 2024125 financial year. The Trustees are very satisfied with the performance of the trust. With the continued support and dedication ofthe Senior ManagementTeam and Staff, under the Leadership of the General Manager, the loyal Customer Base and Local Community Support and working with all Key Stakeholders, the Trustees remain confident that the Trust Can operate for the foreseeable future based upon the information and projections available at this time. The Trustees believe that it is appropriate to continue to prepare the financial statements on the going concern basis. As part of developing the Risk Management Policy Trustees continue to assess the major risks and are satisfied that systems and controls are in place to mitigate these risks. The Trust aspires to maintain its general reseNe fund going forwards but recognises that the ageing building requires constant investment. Financial Risk Management Objective5 and Policies The Trustee5 have assessed the major risks they have identified and are satisfied that systems are in place to mitigate exposure to these risks. Structure. Governante and Management Constltution The company was established under a Memorandum of Association which established the objects and powe rs of the charitable company and it is governed by its Articles of Association. The company was incorporated under the Companies Act 1985 a5 a company limited by guarantee and not having Share capital. In the event of a winding up, registered member5 are liable to contribute a sum not exceeding £10 per member towards the debts and liabilities of the Trust and the costs and expenses of winding up. Method of Appointment or Election of Trustee5 New Trustees are recruited based on the skills, knowledge and experience that the Board require5 to ensure that the charity is well governed. Trustees are elected by the members of the charity attending the Annual General Meeting or by proxy vote.
Carn Brea Leisure Centre Trust (Limited by Guarantee) Trustees, report For the yeor ended 31 March 2025 Policles Adopted for the Induction and Tratning of Trustees Following appointment, all new Trustees attend an induction with the Company Secretary. The induction includes provision to them of the following material. our Memorandum and Articles of Association, The Hallmarks of an Effective Charity ICC601, The Essential Trustee ICC31, Charities and Risk Management information, management accounts and operational information. Pay Policy for Senior Staff It is essential for Carn Brea Leisure Centre ICBLCTI to have competent and credible leaders at the top of the charity to guide us towards achieving our vision in the most effective and efficient ways; and professional staff at all levels. Having a competitive salary offering is one of the many ways CBLCT can work to secure the best people to do this important work. CBLCT has pay policies to help us attract and retain great people. The remuneration committee within the Board of Trustees, led by the Chair. are responsible for defining CBLCT pay policies, particularly our pay grades arbd processes to determine the salaries of the executive team. An important pay principle in our pay policies is that our pay grades, salaries and benefits should be proportionate to the complexity of role responsibilities, in line with our charitable objectives and competitive within the UK charity sector. We aim to pay around the median for similar roles in similar organisations but not compete on salaries within the public or private sectors. To help us achieve this, we monitor charity sector pay trends through avai lable reputable sources such as charity trade associations. Organisational Structure and Decision Making The centre'5 Structure continues to evolve to reflect the needs of the busine55, on average we employed between 60 and 80 members of staff primarily from the Camborne, Pool and Redruth community. The team consist5 of both full time and part time employee5. The team is managed by the senior management group, through the departmental and supervisory team leaders. Risk Management The Trust takes a pro-active approach to risk management and has a risk management policy in place, which is reviewed annually at the end of each financial year. As part of developing the risk management policythe Trustees have assessed the major risks and are satlsfied that systems are in place to mitigate exposure to these risks. Plans for Future Periods Future Developments The Senior Management Team and Trustees continue in discussions with all Key Stakeholders and have engaged Architects and Funding Specialists to prepare a plan and relevant bids to enhance and improve the facilities. It has never been more important to investigate how the facility can be made more energy sustainable for the future and are currently working on several initiatives.
Carn Brea Leisure Centre Trust (Limited by Guarantee} Trustees, report For the yeor ended 31 March 2025 We continue to appreciate the sUPPOrt from the local MP, Cornwall Council and all of our Key Stakeholders and Sponsors. Information on Fundraising Practices The Trust continues to raise fund5 across a number of platfomis in order to create investment, renew31s, new opportunities and provide its services on a continual basis to its existing customer base and endeavour to attract new custom and users. The Trust engaged Two Green Magpies who continue to fundraise on behalf of the Trust this year. Trurtees, Responsibilities Statement The Trustees (who are 3150 directors of Carn Brea Leisure Centre Trust for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with appl icable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financlal statements, the Trustees are required to.. select suitable accounting policies and then apply them con5iStently; observe the methods and principles in the Charities SORP: make judgements and accounting estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable group will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable CDmp3ny and the group'5 transactions and disclose with reasonable accuraty at any time the financial position of the charitable group and enable them to ensure that the financial statements com ply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence fortaking reasonable steps for the prevention and detection offraud and other irregularities. Disclosure of Information to Auditors Each ofthe persons who are Trustees at the time when this Trustees, report is approved has confirmed that., so far as that Trustee is aware. there is no relevant information of which the charita ble group's auditor is unaware- and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant information and to establish that the charitable group's auditor is aware of that information.
Carn Brea Leisure Centre Trust (Limited by Guarantee) Trustee5' report For the yeor ended 31 March 2025 This report was approved by the Trustees. on ..- and signed on their behalf by: By order of the Board Station Road Pool Redruth Cornwall TR15 3QS Trustee
Carn Brea Leisure Centre Trust (Limited by Guarantee) Independent auditors, report to the members of Carn Brea Leisure Centre Trust For the year ended 31 Mt7rch 2025 Opinion We have audited the financial statements of Carn Brea Leisure Centre Trust (the 'parent charitable compan) and its subsidiary (the 'group'l for the ye3r ended 31 March 2025 which comprise the consolidated statement of financial activities, consolidated and company balance sheet, consolidated statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the group's and parent charitable company's affairs as at 31 March 2025, and of the group's incoming resources and application of resources, including 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 and the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) IISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Aud itorfs responsibilities for the audit of the financial statements section of our report. We are i ndependent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the f inancial statements in the UK, including the FRUS Ethical Standa rd, and we have fulfilled our other eth ical responsibilities in accordance with these requirements. We believe that the a udit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statement5, we have concluded that the trustees, use of the going concern basis of accounting i n 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 company's ability to co ntinue as a going concern for a period of at least twelve months from when the original 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.
Carn Brea Leisure Centre Trust (Limited by Guarantee) Independent auditors, report to the members of Carn Brea Leisure Centre Trust For the year ended 31 March 2025 Other information The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements doe5 notcoverthe other information and, exceptto the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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. Opinions on other matters prescribed by the Companies 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 directors, report for the financial year for which the fina ncial statements are prepared is consistent with the financial statements,. and the director5, report has been prepared in accordance with applicable legal requirement5. Matters on which we are required to report by exceptlon In the light of our knowledge and understanding of the group and parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires US to report to you if, in our opinion: adequate 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 company financial statements are not in agreement with the accounting records and returns,. or certain disclosures of directors. remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more ful ly in the trustees. responsibilities statement set out on page 6, the trustees (who are a150 the director5 of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisf led that they give a true and fa ir view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Carn &rea Leisure Centre Trust (Limited by Guarantee) Independent auditors, report to the member5 of Carn Brea Leisure Centre Trust For the year ended 31 March 2025 In preparing the group financial staternents and parent charitable company financial statements, the trustees are responsible for assessing the group's and parent charitable compar)y's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basi5 of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statement5 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 auditor's report that includes our opinion. Reasonable assurance 15 a high level of 355urance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI 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 flnancial statements. Irregularities, including fraud, are instances of non<ompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.. We obta ined an u nderstanding of the legal and regulatory frameworks that are appl icable to the charity at the planning stage of the audit. The charity is subject to laws and regulations that directly affect the financial statements, specifically the Companies Act 2006. Charities Act 2011 and Charities Statement of Recommended Practice. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. The cha rity is also subject to laws and regulations where the consequences of non-compliance could have a material effert on amounts or disclosures in the financial statements, for instance through the imposition of f ines or litigation or loss of the charity's ability to operate. In making this assessment we determined that the most significant elements of legislation include those relating to employment laws and regulations, health and safetystandards and compliance with grant funding contracts. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved the following: Making enquiries of management regarding their knowledge of any non-compliance with such laws nd regulations that could affect the financial statements. As part of these enquiries, we also discussed with management changes in risk assessment relating to fraud, and whether there have been any known instances. allegations or suspicions of fraud. of which there were none. Considering the filings made at Companies House and the Charity Commission, and any omissions thereon, of which none were identified. Discussing with management compliance with health and safety legislation. including any reforms to these. Making enquirie5 of management and rewewing charlty expenditure for any evidence of disputes, actual or potential litigation and claims. with regulators or any other such body. Reviewing documentation from fund providers to test whether funds had been appropriately claimed and utilised for purposes as set out in the respective contract terms. 10
Carn Brea Leisure Centre Trust (Limited by Guarantee) Independent auditors, Yeport to the members of Carn Brea Leisure Centre Trust For the year ended 31 Morch 2025 Auditing the risk of management override of controls. including through testing of journal entries and other adjustments for appropriateness and evaluating the rationale for significant transactions outside the normal course of business activities, of which there were none. Reviewing estimates and judgements made in the financial statements for any indication of bias and challenged assumptions used by management in making the estimates. Reviewing trustee meeting minutes and correspondence with regulators to corroborate the findings from the above. Due to the inherent limitation50f3n audit, there remains a risk thatwe maynot have detected some material misstatements in the financial statement5 or non-compliance with laws and regulations. This is despite the fact that we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed irregularities are from the events and transactions ref lected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there remained a high risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions. misrepresentations, or the override of interna I controls. This risk was reduced by a thorough review of all controls in place that monitor items and transactions affecting the financial statements. The primary responsibility for the prevention and detection of irregularities and fraud rests with the trustees of the charity. Al I releva nt laws, regulations and significant risks of fraud identified have been clearly communicated to each member of the audit engagement team. We are not responsible for preventing non-compllance and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councll's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solelytothe charitable parent companwstrustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the group's trustees those matters we are required to state to them 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 parent company and its trustees as a body. for our audit work. for this report, or for the opinion5 we have formed, David H3Stings FMAAT ACA (Senior Statutory Auditor) For and on behalf of BK Plus Audit Limited statutory Auditors 3 Chapel Street Redruth Cornwall TR15 2BY Date li
Carn Brea Leisure Centre Trust (Limited by Guarantee) Consolidated statement of financial activities (incorporating income and expenditure accountl For the yeor ended 31 Morch 2025 2025 2024 General unrestricted Funds Restricted Funds Total Funds Total Funds Notes Income from: Donations and legacies Charitable activities 58,177 2,103.702 67,487 125,664 2,103,702 1,992,543 other trading activities Investment income 209,903 209,903 23,191 134,954 22,855 23,191 Total income 2,394,973 67,487 2,462,460 2,150,352 Expenditure on: Raising funds Charitable activities 34,694 2,246,704 34,694 18,173 2,299,895 2,069,216 53,191 Total expenditure 2,281,398 53,191 2,334,589 2,087,389 Net (expenditure)/ before transfers 113,575 14,296 127.871 62,963 Transfers Net movement in funds 113,575 14,296 127,871 62.963 Total funds brought forward 69,149 421,749 490,898 427,935 Total funds carried forward 182,724 436,04S 618,769 490,898 All of the group's activities derive from continuing operations during the above two periods. 12
Carn Brea Leisure Centre Trust (Limited by Guarantee) Consolidated and company balance Sheet As ot 31 Murch 2025 (Registration number.. 03896891) Group 2025 Group 2024 Charity 2025 Charity 2024 Notes Fixed Assets Tangible assets Investments 12 1,028,698 1,000,874 1,020,128 io 997,187 io 13 1.020.698 1,000,874 1.020,138 997,197 Current assets Stock Debtors Cash in bank and in hand 14 15 15.828 230.000 336,721 14.757 92,529 478,822 15,722 228A29 328,442 14,650 88,773 477,488 22 Total current a55ets 582,549 586,108 572,593 580,911 Creditors,. amounts fallin8 due within one year 16 1354,948) (377,232) (347.6371 1374,4301 Net current assets 227,601 208,876 224,956 206,481 Total assets less current liabllities Creditors: amounts falling due after more than one year 1,256,299 1,209,750 1,245,094 1,203,678 18 1637,530) 1718,8521 {637,530) {718,8521 Net assets 20 618,769 490,898 607,564 484,826 Funds of the charity Restricted funds Unrestricted funds 19 19 436,045 182,724 421,749 69,149 436,045 171,519 421,749 63.077 618,769 490,898 607,564 484,826 Total funds 618,769 490,898 607,564 484,826 The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. These financial statements on pages 12 to 32 were approved and authorised for the issue of the Trustee5 on 4 December 2025 and signed on their behalf by-. Trustee 13
Carn Brea Leisure Centre Trust {Limited by Guarantee) Consolidated statement of cash flows For the yeur ended 31 March 2025 2025 2024 Notes Cash flows from operating activities: Net cash generated in operating activities 21 135,435 205,928 Cash flows from investing activities.. Dividends, interest and rents from investments Purchase of tanEible fixed assets Interest payable on borrowings Proceeds from sale of tangible fixed assets 23.191 1196,8321 {31,7561 3,150 22,855 145,4391 (36,2811 Net cash generated by/lused In) investlng activities (202.247) (58,8651 Cash flows from financing activities: Repayments of borrowings 175,289) {71,4821 Net cash used in financing activities {75.289) <71,4821 Change in cash and cash equivalents in the reporting period {142.1011 75,581 Cash and cash equivalents at the beginning of the reporting period 478,822 403,241 Cash and cash equlvalents at the end of the reporting period 22 336,721 478,822 14
Carn Brea Leisure Centre Trust (Limited by Guarantee} Notes to the financial statements For the year ended 31 Morch 2025 Accounting policies Ba515 of preparation of financial 5tatement5 The financial statements have been prepared in accordance wrth Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 20191 Icharities SORP FRS 10211, the Financial Reporting Standard applicable in the U K and Republic of Ireland IFRS 1021 and the Companies Act 2006. Basi5 of consolidation These financial statements consolidate the results of the charity and its wholly owned subsidiary, Carn Brea Leisure Centre Ifradingl Limited, on a line by line basis. All intra-group balances, transactions, income and expenses are eliminated on consolidation. The consolidated accounts are prepared using uniform accounting policies. The Statement of Financial Activities and Income and Expenditure Account of the charity is not presented a5 part of these financial statements. The charitys surplus for the financial year was £122,73812024.. £62,633). The exemption conferred by section 408 of the Companies Act 2006 has been relied on. Company status Carn Brea Leisure Centre Trust is a company limited by guarantee incorporated in England and Wales and accordingly does not have any share capital. Every member undertakes to contribute such amount as may be required not exceedin8 £10 to the assets of the charitable company in the event of the company being wound up while he or she is a member, or within one year after he or she ceases to be a member. These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The registered office is disclosed within the reference and administrative details of the company. on page l. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purpose5. The aim and use of each designed f und is set out in the notes to the financial statements. Restricted funds are fund5 which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are cha rged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and10s5es are allocated to the appropriate fund. 15
Carn Brea Leisure cent Trust {Limited by Guarantee) Notes to the financial statements For the yeor ended 31 March 2025 Income All income is recognized once the company has entitlementtothe income, it is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, entitlement is taken as the earlier of the date on which either the company 15 aware that probate has been granted, the estate has been finalised and notification has been made by the executorlsl to the Trust that a distribution will be made. or when 3 distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executorfs intention to make distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if rnaterial. Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charitie5 SORP IFRS 1021. the general volunteer time of the Friends is not recognised and refer to the Trustees, report for more information about their contribution. On receipt, donated professional services and donated facilities are recogni5ed on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period of receipt. Grants, including gra nts for the purchase of f ixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable. Grants could become repayable if certain conditions are not met. Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benef it to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Sha red costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are a Ilocated on the basi5 of time spent. and depreciation charges allocated on the portion of the asset's use. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of dissem inating information in support of the charitable activities. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise f unds. Charitable activities and Governance costs are costs incurred on the company's operations, includin8 support costs and costs relating to the governance of the company apportioned to charitable activiti es. 16
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 Going concern Whilst the trustees are pleased to report a surplus during the year, demonstrating the increased demand across all activities, they acknowledge that there are limited unrestricted funds held by the group totalling £182,724 as at 31 March 2025. Although there are plans in place to continue to remain profitable, there a re challenges facing the group especially in terms of a volatile energy market, increasing em plovers, national insurance contributions and an aging infrastructure which requires repair and replacement. However, with continued support and dedication of the senior management team and staff, under the leadership of the General Manager, the loyal cuslomer base and local community support and working with all key stakeholders. the trustees remain confident that the group can operate for the foreseeable f uture based upon the information and projects available at this time. As a result the Trustees believe that it is appropriate to continue to prepare these financial statements on the going concern basis. Tangible fixed assets and depreciation A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the statement of financial activities. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation Is provided at rates calculated to write off the cost of fixed assets. less their estimated residual value, over their expected useful lives on the following bases: Le35ehold property Plant and machinery Fixtures and fittings Computer equipment Over life of le3se15-25 years} 10-33% straight line 10-33% stra ight line 20-50% straight line Investment5 Fixed asset investments are a form of finaflcial instrument and are initially recognised at thpir transaction cost and subsequently measured at fair value at the Balance Sheet date, unless fair value cannot be measured rel iably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unre31ised, are combined and shown in the heading 'Gains/(lossesl on investments, in the Statement of Financial Attivities. Investments in subsidiaries are valued at cost less provision for impairment. I. 10 Operating leases Rentals under operating leases are charged to the Statement of financial activities on a straight line basi5 over the lease term. 17
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial statements For the yeor ended 31 March 2025 1.11 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 1.12 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company- this is normally upon notification of the interest paid or payable by the Bank. 1.13 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.14 Cash at bank and In hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.15 Llabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it Is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or Services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present val ue of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. 1.16 Borrowings Interest-bearing borrowings are initially recorded at fair value. net of transaction costs. Interest-beari ng borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financia l Activities over the period of the relevant borrowings. Interest expense is recoEnised on the basis of the effectwe interest method and is included in interest payable and sim ilar charges. Borrowing5 are classified as current liabilitie5 unle55 the charity ha5 an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. 18
Carn Brea Leisure Centre Trust (Limited by Guarantee} Notes to the financial statements For the year ended 31 Morch 2025 1.17 Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.18 Employee benefits The cost of short-term employee benefits are recognised as a liability and an expense unless those costs are required to be recognised as part of the cost of stock or fixed 35sets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.19 Pensions The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. 1.20 Leases Leases are cla551fied as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are retognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the ba lance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or1055 so as to produce a constant periodic rate of interest on the remaining balance of the liability. Rentals under operati nE leases are charged to the statement of financial activities on a straight line basis over the lease term. 1.21 Jud8ements and key sources of estimation uncertainty In the application of the company's accounting policies, the trustees are required to make judgements, estimates and assu mptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estim3te5 and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis, Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision effects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 19
Carn Bre3 Leisure Centre Trust (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 Income from donations and legacies Unrestricted Funds Restricted Funds Total 2025 Total 2024 Donations 8,177 .177 Grants.. - Swimming Pool Support Fund -CoF 67,487 67,487 so,000 50,000 Total donations and legacies 58.177 67.487 125.664 Tradin8 activities Unrestricted Funds Restrlcted Funds Total 2025 Total 2024 Trading income Tradlng Income 209,903 209,903 134,954 Fundrai51n8 tradlng expense5 Tradlng expenses Ilncludlng depreciatlonl 34,694 34,694 18,173 Net income from trading activities 175,209 175,209 116,781 Investment income Unrestricted Funds Restricted Funds Total 2025 Total 2024 Bank interest receivable 23,191 23,191 22,85S 20
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 Income from charitable activities Unrestricted Funds Restricted Funds Total 2025 Total 2024 Operation of the leisure centre 2.103,702 2,103,702 1,992,543 Operation of the leisure centre income can be summarised as follows: Unrestricted Funds Restricted Funds Total 2025 Total 2024 Gym income Pool and sports activities Caterlng and refreshments income Sales of sports goods Other activities 953,251 998,815 134.284 17.352 953,251 998,815 134.284 17,352 861,724 962,136 126,277 16,727 26,129 Total 2,103.702 2,103.702 1.992,543 Analysls of expendlture on charltable activities Unrestricted Funds Restricted Funds Total 2025 Total 2024 Operation of the leisure centre Operation of the Hub Club project 2,246,704 44,518 8,673 2.291,222 8,673 2,060,543 8,673 Total 2.246,704 53,191 2,299,895 2,069,216 21
Carn Brea Leisure Centre Trust (Limited by Guarantee} Notes to the financial statements For the year ended 31 March 2025 Direct costs Operation of the leisure centre Operation of the Hub Club Project Total 2025 Total 2024 Cost of sales Leasing and equipment rental costs Cleaning and waste removal Repairs and renewals Printing, postage and stationery Health and safety ICT system expenses Staff training Premises costs Irrecoverable VAT Bank charges and interest Licences and subscriptions Legal and professional Bookkeeplng Advertising and marketlng Wages and salaries National insurance Penslon cost Depreciation IProfitl/Loss on disposal of fixed assets 100,803 12,058 28.301 89,178 6,621 11,128 36.111 4.304 327,909 122,176 50.948 27.990 36,619 15,915 6,806 1.158,706 71,240 19,410 IS4,799 141991 100,803 12,058 28,301 89.178 6,621 11,128 36,111 4,304 327,909 122,176 50.948 27,990 36,619 IS,915 6,806 1,158,706 71,240 19,410 163,472 1499 96,305 8,160 26,310 84,503 6,597 12,884 31,000 5,993 298,399 105,332 53.963 30,334 33,111 15,924 5,074 993,090 52,831 19,710 181,511 8,673 Total 2,280,523 8,673 2,289,196 2,061,031 Support and 8overnance costs Unrestricted Funds Restrlcted Funds Total 2025 Total 2024 Auditors, remuneration 10,699 10,699 8, 185 Total 10,699 10,699 8,185 Turnover The whole of the turnover is attributable to leisure activities along with education and training in these activities. All turnover arose within the United Kingdom. 22
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial statements For the yeor ended 31 March 2025 io Net expenditure Total 2025 Total 2024 Depreciation Operatlng lease costs IProfitl/Loss on disposal of fixed assets 166,757 4,343 {4991 184,958 2,235 li Staff costs Total 2025 Total 2024 Wages and salaries Soclal security costs Other penslon costs 1,169.967 71,791 19,410 993,090 52,831 19,710 Total 1,161,168 1,065,631 The average monthly numbers of persons employed by the charity during the year was as follows.. 2025 2024 Management Administrative Operational - Charity 66 66 Total 72 72 The number of employees whose emoluments fell within the following bands was- 2025 2024 No. E60,001- £70,000 Total key management personnel remuneration was £102,84112024: £100,883). 23
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial Statements For the year ended 31 Morch 2025 12 Tangible fixed assets Group Leasehold property Plant and Fixtures, machlnery flttlngs and equipment Total Cost At l April 2024 Additions Disposals 1,681,729 166.929 17911 584,974 16,822 146,6441 716,573 13,081 (21,1291 2,983,176 196,832 168,5631 At 31 March 2025 1.847.868 555.051 708,525 3,111,445 Depre<iation At l April 2024 Charge for year On disposals 875.583 88,932 12801 477,380 3S,739 144,926) 629,339 42,086 121,1071 1,982,302 166,757 166,3131 At 31 March 2025 964,235 468.193 6SO,319 2,082,747 Net book value At 31 March 2025 883,633 86,859 58,206 1,028,698 At 31 March 2024 806,146 107.494 87,234 1,000,874 Charity Leasehold property Plant and Flxtures, machlnery fittln8s and equipment Total Cost At l April 2024 Additions Disposals 1,681,729 166,929 1791} 580,75S 11,985 146,3951 676,498 9,749 120,9301 2,938,982 188,663 168,1151 At 31 March 2025 1,847.868 546,345 665,317 3,059,530 Depreciation At l April 2024 Charge for year On disposals 875,583 88,932 12801 473,261 35,258 (44,6771 592,951 39,282 120,9081 1,941,795 163,472 165,8651 At 31 March 2025 964.23S 463,842 611,326 2,039,402 Net book value At 31 March 2025 883,633 82,503 53,991 1,020,128 At 31 March 2024 806.146 107,494 83,547 997,187 The net carrying value of tangible fixed assets includes £15.043 {2024: £20.2011 in respect of assets held under hire purchase contracts. 24
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial statements For the yeor ended 31 March 2025 13 Fixed asset investments Shares In group undertaking Charity Carrying value at cost As at l April 2024 and 31 March 2025 io Carn Brea Leisure Centre (Trading) Limited 2025 2024 Summary profit and loss a¢¢ount for the year ended 31 March 2025 Turnover Cost of sales 89,828 (1.3141 46,503 11,3711 Gross Profit Administrative expenses Donation to parent 88,514 133,3811 150,0001 45,132 116.8021 128,0001 Result for the year 5,133 330 Balance sheet as at 31 March 2025 Tanglble fixed assets Current assets Creditors falling due within one year 8,S71 10,926 18,2821 3,687 13,928 111.5331 Aggregate share capital and reserves 11,215 6,082 Carn Brea Leisure Centre Trust owns 100% of the share capital ofcarn Brea Leisure Centre (Trading) Limited, a company incorporated in England and Wales (company no. 042127701. The principal activity of Carn Brea Leisure Centre (Trading) Limited is to operate the commercial hire activities at Carn Brea Leisure Centre. The registered office of Carn Brea Leisure Centre (Trading) Limited is the same as Ca rn Brea Leisure Centre Trust. 14 Stoiks Group 2025 Group 2024 Charity 2025 Charity 2024 Finished goods and goods for resale 15,828 14.757 15,722 14,650 25
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial statements For the yeor ended 31 March 2025 15 Debtors Group 2025 Group 2024 Charity 2025 Charity 2024 Trade debtors Amounts due from group undertakings Other debtors Prepayments and accrued Income 29,320 28,916 26,779 970 25,160 275 600 275 600 63,013 200,405 63,013 200,405 Total 230,000 92.529 228,429 88,773 16 Creditors Group 2025 Group 2024 Charlty 2025 Charity 2024 Other loans Hire purchase Trade credltors Amounts due to group undertaklngs other taxation and social security Other creditors Accruals and deferTed income Isee note 171 71,185 5,138 49.569 65,775 4,515 64,460 71,185 5,138 49,569 65,775 4,515 64,460 8,731 866 9,963 220,120 2,432 5,770 220,854 2.553 9,963 229,966 707 5,770 215,268 Total 3S4,948 377.232 347,637 374,430 Deferred income comprises booking fees from clubs and Schools received in advance, bi-annual and annual gym memberships received in advance and advance payments for swim school courses. 17 Deferred income Group Charity Deferred income at l April 2024 Resources deferred during the year Amounts released from previou5 years 154,741 121,181 (154,7411 149,895 117,794 1149,8951 Deferred income as at 31 March 2025 121,181 117,794 26
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 18 Creditors: amounts falling due after more than one year Group 2025 Group 2024 Charitv 2025 Charity 2024 Other loans Hire purchase 625,853 11,677 702,161 16,691 625,853 11,677 702,161 16.691 Total 637,530 718,852 637,530 718.852 Other loans include aggregate amounts of £482.489 (2024: £513,580) which fall due after five years and are repayable by inst31ments. The payment term5 and interest rate of each director are: the loans from Cornwall Council are repayable over a term of 18 and 19 years and both carry an interest rate of 4%, the loans from Big Issue Invest are repayable over 7 years and carry an interest rate of 7.5%, the Santander bounce back loan is repayable over 6 years and carries an interest rate of 2.5%. Other loans are secured by fixed charge and a floating charge over the charitvs assets. Hire purchase payments represent amounts payable by the company for certain items of plant and machinery. No restrictions are placed on the use of the assets. The average lease term is 5 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments. Finance leases are secured on the assets to which they relate. 19 Group statement of funds- current year Balance as at l April 2024 Income Expenditure Transfers Balance as at 31 March 2025 General funds 69.149 2,394,974 12,281,3991 182,724 Total unrestricted funds 69,149 2.394,974 12.281,3991 182,724 Restrlcted funds Hub Club Project Sport England - Club House Sport England - Pool refurbishrnent England Athletics Swimming Pool Support Fund 59,336 16.253 18,6731 15,4191 50,663 10,834 343,750 {25,(XJOI 318,750 2.410 11,0001 113,0991 1,410 S4,388 67.487 Total restricted funds 421.749 67,487 153,1911 436,045 Total funds 490,898 2.462.461 12.334,5901 618,769 27
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial statement5 For the year ended 31 March 2025 Group statement of funds- prior year Balance as at l April 2023 Income Expenditure Transfers Balance as at 31 March 2024 General funds 142,4481 2.150.352 12,038,755) 69,149 Total unrestricted funds 142,4481 2.150.352 12,038,755) 69,149 Restrirted lunds Hub Club Project Sport England - Club House Sport England- Pool refurbishment Changing Places project En8land Athletics 68,009 21.672 18.6731 {5,4191 59,336 16,253 368,750 125.0001 343,750 ,542 3,410 {8.5421 I1,0) 2,410 Total restricted funds 470.383 148,6341 421,749 Total funds 427.935 2.150,352 12,087,389) 490,898 Charity summary of funds- current year 8alance a5 at l April 2024 Income Expenditure Transfers Balance as at 31 March 2025 Unrestricted funds 63,077 2,355,146 12,246,704) 171,519 63,077 2,355,146 12,246,7041 171,519 Restrlcted funds 421,749 67.487 153,1911 436,045 Total funds 484,826 2,422,633 12,299,8951 607,564 28
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial statements For the year ended 31 Morch 2025 Charity summary of fund5- prioryear Balance as at l April 2023 Incorne Expenditure Transfer5 Balance as at 31 March 2024 Unrestricted funds (48,1901 2,131,849 12,020,5821 63,077 148.1901 2,131.849 12,020,582) 63,077 Restricted funds 470,383 {48.6341 421,749 Total funds 422,193 2,131,849 12.069,2161 484,826 Purpose of restricted funds Restricted funds are to be used for specific purposes as laid down by the donor. The Hub Club Project comprises the grant funded building used to promote grass roots sports clubs. The building is also rented out as a meeting space. The Sport England Club House fund represents the costs of the Club House funded by a Sport England capital grant. The Sport England- Pool refurbishment fund represents the costs of refurbishing the pool which was funded by 3 Spart England capital grant. Should the asset be disposed of, or if the charity ceases to operate then this funding may become repayable. Sport England hold a charge in respect of this. Changing Places project - funding obtained towards the Changing Places facilities at the Centre. England Athletics- funding towards repairing the hammer cage at the Centre. The trustees believe that sufficient resources are held in an appropriate form to enable each fund to be a pplied in accordance with the restrictions. 29
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 20 Analysis of net assets between funds Analysis of net assets between funds-current year Unrestricted Funds Restricted funds Total funds 2025 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 592,653 582,549 {354,9481 {637,5301 436,045 1,028,698 582,S49 1354.9481 1637,5301 182,724 436,045 618,769 Analy51s of net assets between funds- prlor year Unrestricted Funds Restricted funds Total funds 2024 Tan8lble flxed assets Current assets Creditors due within one year Creditors due in more than one year S79,125 586,108 1377,2321 1718,8521 421,749 1,000.874 586,108 (377,1321 (718.8521 Total donations and legacies 69,149 421,749 490,898 21 Reconiiliation of net movement In funds to net cash flow from operating activities 2025 2024 Net income/lexpenditurel for the year las per Statement of Financial Artivitiesl Adjustment for.. Depreciation charges Interest paid Dividends, interest and rents from investments {ProfitllLoss on sale of fixed assets Ilncreaselldecrease in stocks Ilncreaselldecrease in debtors IDecreasellincrease in creditors 127,871 62,963 166,757 31,756 {23,191) 1499) (1,071) {137,871) {28.317) 184,958 36,281 122,8551 13,7871 140,2661 111,3661 135,435 205,928 30
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial statements For the year ended 31 M(7rch 2025 22 Analysis of cash and cash equivalents 2025 2024 Cash at bank and in hand 336,721 478,822 23 Analy5i5 of changes In net debt l April 2024 Cash flDWS 31 March 2025 Cash at bankand In hand Loans Hire purchase 478,822 1767,9361 121,2061 (142,1011 70,900 4,391 336,721 (697.0361 116,8151 1310,3201 {66,8101 (377,1301 24 Penslon commitments The charity operates a defined contribution pension scheme. The pension cost charge forthe year represents contributions payable by the charity to the fund and amounted to £19.410 {2024: £19,710). The outstandlng contrlbutlons at the year-end was £3,525 (2024: £7,963). 25 Commitments At 31 March 2025 the total ofthe group's future minimum lease payments under non-cancellable operating leases was: 2025 2024 Group and ¢ompany Within I year Between l and 5 yèars 38.185 94,810 2,980 10,428 132,995 13,408 Capit31 expenditure contracted for but not provided for in the financial statements- 2025 2024 Group and company 80,881 177,894 31
Carn Brea Leisure Centre Trust (Limited by Guarantee) Notes to the financial Statements For the year ended 31 March 2025 26 Contingent assets The Community Infrastructure Lev¥ grant funding agreement is a grant receivable that was agreed in the year, where the charity would receive up to £IOO,000 for roof works at the leisure centre. 27 Contingent liability Income amounting to £S00.000 was received from The Sport England in prior years in relation to the refurbishment of the swimming pool within the leisure centre. Should the asset be disposed of, or if the charity ceases to operate then this funding may become repayable. Sport England hold a charge over the leasehold property held by the charity in respect of this. 28 Related party transactions The trustees of the charity are the directors under company law and received no remuneration12024: £nil). No expenses were claimed by trustees during the year or preceding year. There were no related party transactions during the year or the preceding year other than the below.. Carn Brea Leisure Centre ITradingl Limited, a trading subsidiary, made a gift aid donation of £50,00012024'. £28,000) to the Trust during the year. Included within debtors due within one year is an amount of £970 owed to the Trust by Carn Brea Leisure Centre (Trading) Limited {2024: £8,731 owed by the Trust to Carn Brea Leisure Centre (Trading) Limited). 29 Controlling party The ultimate controlling parties are the Trustees of the company as shown on page l. 32