REGISTERED COMPANY NUMBER: ¢M212946 (England and Wale51 REGISTERED CHARtrY NUMBER: 1090921 Report of the Trnste•s and Financial Stat&m8nts for thg Year Ended 30 September 2023 for Rlbble Valley Sports and Rgcr•ation Trading as Roefield Lelsu Bennett Kirkhope Smith Lid Chartered Certified Accountants and Statutory Auditors Suites S & 6 The prin￿orkS Hey Road Barrow Clltheroe Lancashire B87 9WB Ribblè Valley Sports and Recreation Trading as Roefield Leisure Contents of the Financial Stat•ments for the Ygar Ended 30 Sept8mber 2023 Page Rèport of the TNstees Report of the Independent Auditors 7 10 10 ststement of Financlal Actlvitigs 11 Balance Sheel 12 Cash Flow Statemenl 13 Notes to tho Cash Flow Statement 14 Notes to tho Financlal Statemonts 15 to 28 Detailefl Ststement of FlnanGlal Artivltles 29 to 30 Ribblg Valley Sports and ReGrgation Trading as Roefleld Lelsure Report of the Trustees for the Year Endod 30 September 2023 The trustees who are also dlrectors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2023. The trustees have adopted the provisions of Accounting and ReFMNting by Charities." Ststement of Recommended Practic applicable to charities preparing their accounts in accordanco with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effactive 1 January 2019). OBJECTIVES AND ACTivrriES Objectlves and alms The company's principal objectives, as set out in the Memorandum of Associati)n a￿:_ 'lo provide or assist in the provision of facilFtÉes for the re¢￿ation ond other leisure time occupation of the inhabitants of Ribble Valley district and in parucular by the provision of buildings to bg used ft)r thg purpose of improving the conditions of lif8 for th& persons for whom the facilities are primarity int8nded who by reason of their youth andlor soci81 or economic circumstanees arè in need of such faciliti'es." There were no ¢hangÉs in the year in the wlicies adopted by the ¢xJmpany in order to further its objects. Page 1 Ribble Valley Sports and Recreation Trading as Roefleld Lelsuro Report of the Tru$tee8 for tho Year Ended 30 Septombor 2023 OBJECTIVES AND ACTivrriES Public benefft The Trustees have c£)mplied with their duty in section 17151 of the 2011 Charits'es Act lo have due regard to public benefit guidance published by the Charity Commission when reviewing aims and objectives of the charity in planning fulure activities. In particular. the trustg8s consider how planned activities will contribute to thg aims and objectives set. AJI charitable activib.es aro focused on providing recreation and other leisure occupatiC￿ In the inlerest of social weware and ara undertaken lo further the charitable pufj)ose for public benefrt. The followng are examples of schemes that are in place which benefit the public.. The Freedom membership, which all¢)ws a 400A discount on the full fithess membership to those on b8nefits (inwme support, job seekors, hoLSsing. disability. child support) and students. This membership has been re-markeled in pathership with Ribble Valley Borough Council. The tharlty manages the Ribble Valley Heatth and Wellbeing Partnership. The has taken over the Ribble Valley 'Up and Active, scheme. replacing il with the 'Lets Live Lrfe. schgme. The 5chem8 encourages a healthy lifestyle. by putting on S￿cIalIst ctassas whlch are available at a 60% discounted pric8. Classes include sealed exeras8, circuits. stretch. meditation, aorobics, tone. Tai Chi, fitn8S5 (x)me dancing and sessions for GP referrals such as wpervised gym. 'Lots Live Life scheme, also runs the 'Rural roadshow this puts on aerobics classes in k)cal village halls and is currently lun from Flmmington, Hurst green, Longridge. Sabden and many mora, The Ribbl8 Valley Health and Wellbeing Partnership now has a children section, which is run by Sarah Cowgill. This department is now in its 4th year of running the Holiday Acb'vilies Fund (HAF}, which provides eligible chiklren wtth free holiday dub provision in easter, summer and winter holidays. This now Nns in the partnership along with the dgpartment of education and Lancashire County cnuncil. The partnership is also in its 3rd year of running the Play ActNili8s Teatime skills provision (PASTA). this is an aftgr school club for children aged 4-8 year old with high BMI within Edisford and Lowmoor wards, il Nns in Ihe partnership wrth Lancashire County coun￿1. A 70Y• discount to all k)cal secondary ￿h0O1$ on activ￿8S suGh as archery, gym, fithess dasses. bowling, and all other ￿ntre pursuits. The centre has seen a subslanbal incr8ase in partnerships wilh l¢xal ￿hCX)IS, community groups and sports clubs. Al 6 local Se￿ndary schooLs uso the cenlre fv4ic8 a week and 4 local primary schools once a week. A 25% diseounl per team on sports hall hire for a local indoor crown green bowling league for both league and practi￿ sessions. 95V/o of Ihe partidpants are over the age of 60. The ¢%ntre holds a free runnlng dub, walking Glubs, electric bike sessions and boot camps for local r&sidents. prowding over 260 hours, worth of free fitness provision per year. Thg Centre works in partnorship wtth a k)cal charity including Ribble Valley Families Foundation. amongst others. Through the partnership, the charity is currently overseeing the Department of Education funded initiative 'Holiday Activities and Food, programme. Lancashire County Council funded, 'Play and Skills al Tgab"me' activits'es. Both iniliats'ves support local families who need help with food and nutrition, enriching actmties and planning for school aged chiklren. Page 2 Ribble Valley Sports and RgGrgation Trndlng as Rogffgld Lelsurg Report of Ihe Trustees for the Year Ended 30 Septembgr 2023 ACHIEVEMENT AND PERFORMANCE Fundraising actlvttles This report relates to the 12-month perlod from 1 October 2022 to 30 September 2023, being the 19th year the charity has been trading as a company limited by guarantee. The charity ¢onlinues lo achiev0 tts objectives by delivering c¥)mmercial and non-¢ommercial fitness actimties. This is the 111h full year of management by David Potts and he has continued lo achiève the objactiv8s of th8 charity and improved Ihe range of discounts and facilities offered by the centre in the Ribble Valley. Over the 11 years of management, David Potts has overseen several profvcts which havg hglped improve the facilities of the c8ntre. These include a new state of the art spinning studio, increased squarè meterag8 of the changing provisions, improved lighting for several sports in Ihg Sports hall. Ribble Valley Health and Well being partnership has been a significant success for the charity and has allowod the charity to go above and beyond rts charitable aims. Also within this year end, David Potts has ov8rsegn the £150,000 investment in new fits)ess equipmènt and upgrades in fitness equipment. The trustees are satisfied with the job DaMd Potts has undertaken. part￿larty managing the centre through these uncartain and challenging limes. Income from donatlons and trading acliwlies overall has increased from £714,647 10 £888,431, with the fitngss Sulte genaratSng 760k of the trading income. This continues to be commeraally drw8n and provides income to support community kKused initiatives. Non-trading income has increased from the previous period from £156.947 10 £209,931. A grant from Clitheroe Town Council was received in the year of £25,000 which was nol recew&Y in 2022. {2021- £17.500} Total ￿sOurCeS 8xpended has incrgasgd from £828,947 10 £941,723. An increase in average month expenditure from £69.07910 £78,477. FINANCIAL REVIEW Prlncipal funding sources The main sources of income were from the supply of commerdal and non￿OMMercIal fftness actwi(les. Grant funding Wds accessed through the 'HAF' prcsjramme and partnering inibatives. as well as the Ribble Valley Health and Wellbeing Partnership. These sources of income enable the centre to operate effectively and lo ensure that the centra FS maintained lo continue providing faulilies to fvrther ils obiedives. Reserée$ pollcy The Trustegs have examined the charftys requirements for reseNes by considering the main risks to the organisalion. The Trustees are working towards a position whereby the cash and bank balances held by the charity shjukl be fv40 to three months ofthe annual expenditure of the tharity. The total reserves al the y8ar end are £368.807. The unrestricted funds al the year end are £57,429, and is used for general fvnd raising activities, and running costs of the cenlre. The restricted funds at the year end are £311,378, and is used for activities in relation lo the restricted income. Going concém The Iruslees consider that there are no matarlal un￿rtaIntieS about the charilies, ability to continue as a going ¢))ncem. The board ¢onsiderg the current cost of liwng crisis as the current challenge and are working the Centre Manager on how the charity can support the local ￿Mmunity whilst bein9 fully operational. The board are hopefijl given the futur8 plans detailed below that we will see a healthy position in 2024 and 2025. Page 3 Ribble Valley Sports and Recroatlon Tradlng as Roefield Leisure Report of thg Trustses for the Yèar Ended 30 Septembor 2023 FUTURE PLANS Future plans indude- The continuance of the Ribble Valley Health and Wellbeing Partnership, as well as expanding the services the charity can deliver for national, regional, and local schemes. This will include the delivery of physical and mental wellbeing support outside the walls of the charity and into the wider community. This wll now be run as a separate sector within the charity. New fitness equipment and layout to fitness room was finalis8d al the end of this financial year {Sep1emt￿r 20231. This investment will help the centre in growing in fitness income ané membership numbers. In 2024, the charity will receive fijnding from the Govemment 'levelling up, fund to change the function of the climbing wall into a slale-of-the-art spin rwm. This will allow for more 'spinning classes, and help improve fithess income. It wll also allow for a growlh within the sports hall income and this will free up time within the sports hall. as spinning class will no lon9er be laking pla￿ in the hall. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The charity is controlled by its goveming document, a deed of Irusl, and constitules a limited company, limited by guarantee. as defined by the Companies Act 2006. Re¢ruitmont and appolntment of new trustees The Company has a Board of Tru51eeslDirectors comprising of individual m8mb8rs of the Charity plus the prescribed nominees in aox)rdan￿ with Ihe provisions of its Aklcles. Membership of the Board comprises elected individual members together with the folbwing nominated members: - persons nominated by Ribble Valley Borough Counal; - one person nominatèd by Clilheroe Town Council., - five persons nominated by the corporate sports and recreational users Group.. - ten individual persons under afbrle 2-, Oryanisatlonal structure The company is managed by its board of lyusteesldir8etors. CL)n8isting of not less than 2 members or more than 19. The boarKI meets 4 limes a year. Declslon maklng The board of trusteesldirectors are rgsponsible for the strategic decision making and WO￿ with thu centre manager lo monitor its progression of the stralegic p5an. The responsibility fc* the day to day operations and general Tunning of the charity is that of the centre manager. Indudlon and training of new trustees As part of their indu¢tion programme new trustees are made aware of Iheir responsibilities outlined in the statement of trustees, responsibilities. This induction indudes an introduction to the objectives. scope and policies of Ribble Valley Sports and Recreation. presentation of the Memorandum and Artides of Association and referral lo Charity Commission information on trustee responsibilities. Key manag•ment remuneratlon The board of trusteesldirgctors are responsible for setting the remuneration pad Company Secretsry T Marklew Auditors Bennett Kirkhope Smilh Ltd Chartered Certified A(Lountants and stsI￿Ory Auditors Sultes 5 & 6 The Printsvorks Hey Road Barrow Clitheroe Lancashire BB7 9WB Bankers National Westminster Bank pl¢ York Street Cltthero8 Lancashir8 BB7 2DN Solicltofs Woodcocks Wesl View Princess Street Haslingden Ros5endale Lanc8shire BB4 6NW Centre managgr David Pott5, the cenlre manager. is responsible for the day to day management of the charfty. Page 5 Rlbble Valley Sports and Recrgation Trading as Roefleld Lelsure Report of the Trustees for the Year Endod 30 Sèptèmber 2023 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of Ribble Valley Sports and Recreation for tho purposes of company lawl are resFK)nsible for preparing the Report of the Trustees and the financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United lfjngdom Generally A￿pted Accounting Practice). Company law requires the trustees to prepare financial ststements for each financial year which give a t and fair vi8w of the slate of affairs of the charitable Company and of the incoming resources arKJ application of resources. including the income and expenditure. of the charilable company for that period. In preparing those financial statements. the trustees are required to sdert suitable accounliro policies 2nd then apply them consistenlly.. obseNe the methods and principles In the Charity SORP.. make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going cornGem basis unless it is inappropriate to presume that the charitable company will wnlinue in business. The Irustses are responsible for keeping proper a￿oUnting records which disclose wlh reasonable accuracy at any time the finan(x81 position of the tharitable company and to enable them to ensure that the financial slalements cixnply with the Companies Act 2006. They are also responsible for safeguarding th8 assets of the charitable company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as th8 trustees are aware.. ere 1$ no relevant audit infomiation of which the charitable companvs audllors are unaware- and the trustees have tak8n all steps that they ought to have taken to make Ihemsefves aware of any relevant audit information arid to establish that the auditors are aware of Ihat information. The trustees are required to prepare accx)unls for each financial year which glve a true and fair view of the state of affairs of the company as at the end of the finan￿al year and of the surplus or deficit of the company for that year. In pr8paring those accounts the trustees are required to:_ a) select suitable accounting poli￿eS and then apply them consistènly, b) make judgements and estimates that are reasonable and pnjdent. cl follow applicable actounting stsndards. subject to any material departurgs diselosed and explained in the accounts" and dl prepare the financial statements on the going concern basis unless it is inappropriate to presume th8t this basis applies. The Injslees are responsib￿ for maintaining proper aecounts'ng records which disdose with reason8bl8 accuracy al any time the financial position of th8 eompany and enabl2 them to ensure that the accounts comply wth all relevant legislation. They are also responsible for safeguarding the assets of the o)mpany and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. AUDITORS The 8udilors, Bennett Kirkhope Smith Ltd, wll be proposed for ￿p￿ntMent at the forthcoming Annual General Me9b"ng. This report has been prepared in accordane£ with the speclal provisions of Part 15 of the Companies Acl 2006 relating to small companies. Approved by ordgr of the boar of trustees on .. Page 6 Report of the Independenl Audltors to the Members of Ribblo Valley Sports and Recreatlon Opinion We have audited the financial ststements of Ribble Valley Spc*ts and Recreali)n (the 'charitable companll for the year ended 30 September 2023 which comprise the Statement of Financial Adivtties, the Balance Sheet, the Cash Flow Statement and notes to the financial slalements, induding a summary of significant accounting policies. The finanrial reporting framework that has been applied in their preparation is apF4icabl8 law and United Kingdom AceAJunting Standards Iuniled Kingdom Generally Accepted Accounting Practice). In our opinion the finanryal statements- give a true and lair view of the state of the charitable compan￿$ affairs as al 30 September 2023 and of its Incoming resources and application of resources. including its income and expenditure. for tho year then ended., have been property prepared in accordance with United Klngdom Generalty Accepted Accounting Practice: and have been pr8pared in accordance the requirements of tha Companies Act 2006. Basis for opinion We conducted our audit in 8cwrdanee Y￿th Intemabonal Standards on AuditFng (UK) {ISAs IUKI) and applicab￿ law. Our responsibilfcies under those stsndards are further described in the Auditors. responsibilities for the audit of the financial statements section of our rewrt. We are independent of the charitable company in ac(x)rdance with the ethical requirements that are relevant to our audtt of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fijifilled our other ethical responsibilities in accordance wth these requirements. We believe that the audit evhdenGe we have obtained is suffioenl and appropriate to provide a basis for our opinion. Con¢lusion$ relaling to going conGorn In auditing the financial staternents, we have concluded that the tnjslees. use of the going COn￿M basis of accounting in the preparation of the financial statements is appropriat8. 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 IM the charitable companYs abilty to continue as a going coneem for a period of at least Iwelve months from when the financial statements are authorised for Issue. Our responsibilities and the responsibililles of the Iruslees wlth respect to golng concem are described in the relevant sections of this report. Olher Informatlon The truste8s are responsibl8 for the other inforniation. Th8 olhor infomiation comprises the infomiation induded in the Annual Report, other than the financial slalements and our Report of the Independent Auditors thereon. Our opinion on the financ4al statements does not (x)V8r the Other infomiation and. exc*pt to the extent othemise pxplicily staled in our report. we do not express any fomi of assuran￿ conclusKM ther80n. In oonnection wth our audtt of the financial statements. our responsibility is lo read the other inlomiation and, in doing so. consider ¥th8lher the other infomiatson is matèrialiy inconsistent with the financial statements or our knO￿edge obtained in the audit or otherwse appears to be materially misstated. If wa identtfy such materi81 in(x)nsislencies or apparent material misslalemenls. we are required lo determine whether this gives risg to a material misstatement in the finanual statements themselvès. If, based on the work w8 have perfomied, we cx)nclude that there is a material misstatement of this other infom)alion, we aro required lo report that fact. Wg have nothing lo report in this regard. Opinlons on oth8r matters prescribod by the Companigs A¢t 2006 In our opinion. based on the work undertaken in the course of the audit: the information given in the Report of the Twstees for the financial year for which the financial statements are prepared is Gonsistenl with the financial stslements., and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 7 Report of the Indgpgndgnt Auditors to the Mombors of Ribble Valley Sports and Recreation Matters on which we are requlred to report by exceptlon In the Ilght of the knowledge and understanding of the charitabk ￿MpanY and its environment obtained in the urse of the audit, we have not identified material misstatements in the Report of the Trustees. We have nolhing to report in resped of the followng matters where the Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept or retums adequate for our audit have not been received from branches not visited by us", or the financial statements are not In agreement with the accounting records and rettjms: or certain disclosures of trustees, remuneration specthed by law are not made,. or we have not received all the infomialion and explanations we require for our aLvJit.' or the trustees were not entided to take adv8nlage of the small companies exemption from the requirement to p￿pare a Strategic Report or in preparing the Report ofthe Trustees. Responslbllltles of truslees As explained more lully in the Statement of Twstees, Responsibilities, the trus18es {who are also the directOTS of Ihe charitable company for the purposes of Company lawl are responsible for the preparation of the financial statements and for being salisfied that they give a true and fair view. and for such internal Control as the trustees delemine Is necessary lo enable the preparatK)n of financial ststements that are free from malerial misststement, whether due to fraud or error. In preparing the financial statemen15. the tNslees are responsible for assessing the charitsble companls ability to conknnue as a going concem, disclosing. as applicable, matters related lo going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to ￿a$0 operations, or have no realistic allemalive but lo do so. Page 8 Report of th• Ind8pondgnt Auditors to tho Mgmb•rs of Rlbble Valley Sports and Recreation Our rnspon$ibiliti•$ ft>r th• audit of thg financial $Lthents Our obje¢twes are t(1 obtain reasonable assuran￿ about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors thal includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI wll always detect a material misstatement when il exists. Misststements can arise from fraud or error and are consldered material if, indivKlually or in tho aggregate, they could reasonably be eycted to infiuence the economic derysions of users taken on the basis of thes8 finan￿31 statements. Our 8pproaGh lo identifying and assessing the risks of material misstatement In resp8Ct of irreguladlies. induding fraud and non-compliance with laws aNI regulations, was as follows.. - the engagglTlgnl partner ensured that the engagement t@am collectively had Ihe appropriate competence. capabilitie5 ?nd skills to identify or recognise non-compliance wth applicable laws and regulations. -w8 identrfied the laws and regulations applicablg to the wmpany through disc#Jssions wth tnjslees and other management, and from our commercial knOW￿ge and experignce; -we focused on Spe￿fiC laws and regulab'ons which we considered may have a direci material effect on the financial statements or the operations of the company. induding the Companies Act 2006. taxation legislatlon and data protection, anti-bribery, employment and health and safety legislation., -we assessed the extent of compliance with the laws and regulations idenlffi8d above through making enquiries of management and inspeckn.ng legal correspondence,. and -identified laws and regulations were communicated within audit team regul8rty and the team remained alert to instances of non-￿mplianCe throughout the audrt. We assessed the susceptibility of the company's financial statements to material misstatement, including obtalnlng an understanding of how fraud might occur, by., -maknng enquiries of management as to wh8r& they considered there was susceptibllty to fraud, their knowledge of actual. suspected and alleged fraud., and -¢onsidering the inlemal (x)ntrols in place to mitigate risks of fraud and rw)n-O)mpliance with laws and regulats'on$. To address the risk of fraud through management bias and override of controls, we.. rfomied analylical procedures lo identify any unusual or unexpected relationships" -tested ioumal entries to idenb.fy unusual transactions,. -assessed whether judgements and assumptions made in detemining the accounting e$limal¢s were indicative of potential bias,. and -investoated the rationale behiThJ signlfjcant or unusual transactions. In response to the risk of Irregularities and non-￿mplIance with laws and regulations. we designed procedures whlch induded, l)ut were not limited to.. -agreeing financlal statements disclosures to undertying suppottng doojmentatson. -reading the minutes of me8tings of those charged wtth govemance., enquiring of management as to actual and potential Itigats'on and claims. There are inher8nt limitations in our audit procedures described above. The more removed that laws and regulations are from finanaal transactions. the loss likety ￿ is that we wotsld become aware non-compliance. Audrting stsndards also limit the audit procedures required to identfy non-cixnpliance with laws and regulations to enquiry of the directors and other rnanagemenl and the inspection of regulatory and legal correstM)ndenee, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may invofve deliberate cOn￿a[Ment or collusron. A fvrther description of our responsibilities for the audrt of the financial stat8ments is located on the Financial Reporbn9 Council's webslte at www.frc.org.uklauditorsresponsibilities. This description fomis parl of our Report of the Independent Auditors. Page 9 Report ol the Independent Audltors to the Mgmbors of Rlbble Valley Sports and Re¢￿atIon Use of our report This ￿ port is made solely to the charitable Gompanls members, as a body, in accordance Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable companys members those matters we are required to stat8 to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not a¢*pt or a$$ume resF)onsibilty to anyone other than the Charitable company and the charitable compan￿$ members as a body. for our audit work, for this reporL or for the opinions we have fom)ed. i¢e Mary Smith (Senior Stalulory Auditor) for and on behalf of Bennett Kirkhope Smf£h Ltd Chartered Certrfied Accountants and Slalulory Auditors Suties 5 & 6 The PrIn￿rkS Hey Road Barrow Clitheroe Lancashire BB7 9WB Date:..... Ilab!￿)L*........ Page 10 Rlbble Valley Sports and Recreatlon Trading as Roefield Loisure Statement of Flnancial Actlvitles Ilncorporating an Income and Expgnditur• Account> for the Year Ended 30 Septombgr 2023 30.9.23 Total fijnds 30.9.22 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Don81i)ns and legacies 25,000 25,000 7,550 Charitable actlvltles Recreats'on and leisur8 52.866 132,065 184.931 149.397 Activtties lo generate fvnds Investment income 677,222 1,278 677,222 1,278 557,151 549 Total 756,366 132,065 888,431 714,647 EXPENDrruRE ON Raising funds 326,070 99,142 425,212 340,852 Charitable actlvltles Recreation and leisure 487.997 28,514 S16.511 488,095 Total 814,067 127.656 941,723 828.947 NEf INCOMEIIEXPENDrruRE) (57.701) 4,409 153,292} 1114.300) RECONCILIATION OF FUNDS Total funds brought foN￿rd 115,130 306,969 422,099 536,399 TOTAL FUNDS CARRIED FORWARD 57.429 311.378 368.807 422,099 The notes fom part of these financial ststements Pag811 Rlbble Vallgy Sports and Recre*ion Tradlng as Roefield Leisure BalaTr¢e Sh•èt 30 Sept8mber 2023 30.9.23 Total funds 30.9.22 Total ftjnds Unrestricted fund Restrictsd Jnds Notes FIXED ASSETS Tangible assets 15 536,808 286,417 823.225 711,761 CURRENT ASSErs stocks Debtors Cash at bank and in hand 16 17 1,332 33,682 81,705 1.332 33.682 106,666 275 50,224 135.849 24,961 116,719 24,961 141,680 186.348 CREDITORS Amounts falling due wf(hin one year 18 (209,769) {209.769> {178,427) NET CURREiif ASSErs {93,0501 24.961 168,089) 7.921 TOTAL ASSETS LESS CURRENT LIABILITIES 443,758 311,378 755.136 719,682 CREDrroRS Amounts falling due after more than one year 19 (386.3291 {386,329) {297,5831 NET ASSErs 57,429 311.378 368.807 422,099 FUNDS Unrestricted funds Restricted funds 22 57,429 311,378 115,130 306,969 TOTAL FUNDS 368,807 422,099 These finanaal ststements have been prepared in accordance wtih the provisions applicab￿ to charitable compani8s subied lo the small companies regim8. Th& financial slatements were approved by the Board of Trustees and authorised for issue on .auth...2K>l*...... and were signed on its behalf by: l Brown - Trustee S M O'Rouii(e- Trustee The notes fomi part of these financtal stslements Page 12 Ribblo Vallgy Sports and Recreatlon Trading a$ Roefleld Loisure Cash Flow Stalement for th8 Yèar Ended 30 September 2023 30.9.23 30.9.22 Notes Cash flows from opgrating activitses Cash generated from operations Intere51 element of finance lease payments paid {13,749} (85,221) 11,995} Nel cash used in operating activities (15,744} (85,221) Cash flows from Inve$tlng actlvltles Purchase of tangible fixed assets Sale of tangible fixed ass8ts Interest rrfeived (138.390) 5,700 1.278 (11.492} 549 Net cash used in invasting aclivities (131,412) (10,943} Cash 11ows from financing activities New loans in year Loan repayments in year Capital repayments in year 50,000 {24,8151 92.788 (22,0521 Net cash provided byl(used in) financing activrfies 117,973 122,0521 Changg In cash and ca$h equlvalgnts In the repo￿n9 perlod Cash and cash equlvalents at the beglnnlng of the reporting period {29,183} 1118,216} 135.849 254,065 Cash and cash equlvalents at the end of the reporting period 106,666 135,849 Th8 notes fom) part of these financial statemerrts Page 13 Ribble Valley Sports and Recreation Trading as Roefield Leisure Notes to the Cash Fli)w Statem•nt for the Year End￿ 30 September 2023 RECONCILIATION OF NET EXPENDMJRE TO NET CASH FLOW FROM OPERATING ACTV¥llTIES 30.9.23 30.9.22 Net oxpenditurè for the reporting pgriod las per th8 Slal•m•nl of FinanclaS A¢tivitlo5) Adjustments for: Depreciation charges Profft on disposal of fixed assets Inleresl receNed Interest element of hire purchase and finance lease rental payments Increase in stocks Decreasel{increas81 in debtors Increase in creditors {53.2921 (114,3001 25,469 (4,2431 (1,2781 1,995 {1.057) 16.542 2.115 18,708 {$491 147} 128.945) 39,912 Nèt cash used In operations (13.7491 (85,2211 ANALYSIS OF CHANGES IN NEf DEBT Al 1.10.22 Cash flow At 30.9.23 Not cash Cash at bank and in hand 135,849 {29.1831 106,666 135.849 129,183) 106,666 Debt Finance leases Debts falling due within 1 year Debts falling due after 1 year {92.788) 19,3441 115.841 } 192,7881 141,1271 {313,4241 {31,7831 (297,5831 {329,366) 1117,973) 1447,339) Total 1193.5171 (147,156) (340,673) Th8 notes fom part of these financial statements Page 14 Ribblg Valley Sports and Recreatlon Trading as Rogfiold Leisuro Notgs to the Flnanclal Statements for t￿ Year Endad 30 sgptomber 2023 GENERAL INFORMATION The Gornpany is a public benofit entity, registered as a private company limited by guarantee and is inLvrporated in England and Wales. The principal placg of bu&ness and registered office address is.. Roefield Leisure Centre Edisford Road Clither(>e Lancashire BB7 3LA ACCOUNTING POLICIES Bagis of preparing the financial statements The financial ststements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordan￿ with the Charities SORP (FRS 1021 'Ac¢ounting and Reporting by Charities-. Ststement of Recommended Practicé applicable to charities preparing their accounts in accordance wth the Finanrial Reporting Standard ap￿1¢able in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191,. Financial Rep)￿n9 Standard 102 'The Financial Reporting Standard applicable in the UK and republic of Ireland. and the Companies Act 2006. The financial statements have been prepared in sleding l£} using the histOriC81 cost convention. Going Concom The trustees conssder thal there are no material uncertalnles about the charities, ability to continue as 9)ing eon¢em. Atthough the balance sheet reports net Current liabilities of £68.089, creditors due within year includes £71,808 of gym income in advance which will revers8 to the Statement of Finanaal Aclwities in 2024. The board consider5 the currenl cost of living [￿SIS as the current thallenge and are Wofking the Centre Manager on how the charity can SUFWlrt the local communty whilst being fijlly operational. The board are hopefvl given the fijlure plans detailed in the trustees report that we will see a healthy p0S￿On in 2024 and 2025. The trustees th&refore continue lo adopt the going cOn￿M basis in preparing the financial staternents. Incomo AJI Ir￿)me is rec4)gr¢ised in the Statement of Financlal Aclivib'es one8 the charity has 8ntitl8menl to the nds, it is probable that the income wll be received and the amount ean be measured reliably. Total incx)ming resources is the amount derived from the prowsion of goods and services, and stated after tradg discounts. other sales taxes and nel ofVAT. The following speC￿C policies are applied to particular categories of income.. Voluntsry income, donations and legacies, is re￿IVed by way of grants and is included In full in the Statement of Financial Aetivilies when re￿1Vable. Grants, where 8ntillement is not conditional on the delivery of a specific perfomance by the charity. are rec¥>gnised when the charty becomes uncx)nditionally entrtled to the grant. Aclivitles for generating fiJnds ￿MpriSeS of income gen8rat8d from Ihe provision of recreallon and leisure facilities and is aceountod for when the provision of such goods and services have been made. Some gym income is received as an annual or fixed period membership and Is apportioned lo the period it relates. Pag8 15 continued... Rlbble Valley Sports and Rocreation Trading as Roefield Lolsure Notes to the Financial Statements - ¢ontinuod for the Year Endod 30 S8pt•mb•r 2023 ACCOUNTING POLICIES. continuod Income Charitable activitios indudes ineome from grants and contr8cts for services in relats'on to prowding recreation and leisure facilities. Income from ￿ntraCtS for services is accounled for when invoiced and in line with delivery of the project. Grants. where entitlement is conditional yet the conditions are wthin the charivs control and there Is sufficient evidence that the cDnditions can be met, are recognised when the chanty becom8s &nliUed to the grant. Gran15 are treated as restrictsd funds where the promder has specified how the grant should b8 uts"lised. Investrnent income is included when receivable. Expendlture Liabilities are recognised as expendtture as soon as there Is a legal or constructive obligation committing Ihe charity to that expenditure. it is probable that a transfer of economic benefrts wll be required in setuernent and the amount of the obligation can be measured reliably. Expenditur8 is accounted for on an accruals basi5 and has bèen classthed under headings that aggregate all ¢ost related to the category. Where costs cannot be directly attributed lo parbcular headings they have been allocated to activities on a basis ¢onslstent wth the use of re50urc*s. Allocatlon and apportlonment of costs It is the opinion of the trustees that all costs are directty attributed towards the cost of njnning the centre. therefore all supp)rt costs have been allocated to this activity. Tangible Ilxed assets Depreciation Is provided at the following annual rates in order to write off each asset over its e5tlmaled useful Ilfe or, if hekj under a finance lease, over the lease lemi, whichever is the shorter. Improvements to leasehold property Plant and machinery Fixtures and fitting5 Gym equipment 5010 on cost and over the tem of Ihe lease 25% on reducing balan 33% on raducing balance Straight line over 5, 10 or 15 years and over the lemi of the lease The tharity operatgs from land and buildings owned by Ribble Valley Borough Cotsncil. Fixed assets are included at cost and wlll not be capitslised rf the cost is below £100. stocks Stocks art valued at the lower of cost and net realL￿ble value, after makiNJ du6 allowance for obsolete and sl¢)w moving items. Taxation The charity is exempt from corporation tax cm ils charhable aclivtlies. Fund ac¢ountlng Unrestricted funds eAn be used in accord8nce with the Gharitsble oty'ectives at the dis(xetk)n of the truslees. Restricted funds can only be used for parbcular restricted purposes within the objects of the Chanty. Restridions arise when specif￿d by the donor or when funds aro raised for particular restricted purposes. Page 16 continued... Ribble Valley Sports and Rgcreatlon Trading as Roeffield Leisure Notes to the Financlal Statements - contlnued for the Ygar Ended 30 September 2023 ACCOUNTING POLICIES- ¢ontlnued Fund accounting Further explanation of Ihe natu￿ and purpose of eath fund is included in the notes to the flnancial ststaments. Hlrè purchase and leaslng commltments Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreclated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease temi. whichever is Shorter. The interest element of these oblwJatFons is Gharged lo the Statement of Finarrial Activities over the re￿vant period. The capital element of the future payr￿nts is treated as a liability- Penslon costs and other poSt￿tIfem9nt bgnefits The charitable company operates a defined contribuvon pension scheme. Contriblrtions payable to the charitable wnpany's pension scheme are charged to the Statement of Financial Activities in the period to ￿lch they relate. Treatment of irrecoverable vat Irreenverable input val is calculated in line with partial exemption rules. DONATIONS AND LEGACIES 30.9.23 30.9.22 Clilheroe Town Council Other grants including Comd 9rants 25,000 7,550 25.000 7.550 Reduction in other grants this year is mainly due to tha r8duction in the Coronavirus Jc*) Retention Scheme which ended on 30.9.21 therefore not available in the 21122 and 22123 year. ACTIVITIES TO GENERATE FUNDS 30.9.23 30.9.22 Aerobics Vending machi￿$ and cafe in￿rne Court hire Climbing wall Gy7n Sauna Other incC￿e School 4.074 10,603 87,442 1,215 544,683 1,687 386 27,132 6,045 8,113 74,479 1.500 442.216 798 516 23,484 677,222 557,151 A prowtton of income is re￿iVed as annual or fixed perlod membership which ig apportioned into the period il relales. During the year £71,80812022- £62,893) was deferred to future years. Page 17 continued... Ribb19 Valloy Sport¥ and Rgcroation TTading as Roefield Leisure Not•s to Ihe Financial Statements- continued for the Year Ended 30 September 2023 INVESTMENT INCOME 30.9.23 30.9.22 DeFosit accounl interesl 1,278 549 INCOME FROM CHARITABLE ACTIVITIES 30.9.23 30.9.22 Actimty Recreation and leisure Recreation and leisure Contracts for servus Grants 33.463 151.468 34,514 114,883 184.931 149,397 Grants r8ceived. included in the above, are as ftillows". 30.9.23 30.9.22 Lancashire County Coundl IHAF and PASTA) Other 123,765 27,703 99.608 15,275 151,468 114,883 RAISING FUNDS Actlvitigs to genorats funds 30.9.23 30.9.22 Stsff costs Sub-contractors Vending machine and cafe purchases Equipment and associated repairs Other fvndraising trading costs Unrecoverable VAT Alliance Leisure share 230.183 97,949 7,860 25,385 23,112 18,155 22,568 156,053 90,660 7,672 30.870 28.015 1 S,279 12,303 425,212 340,852 Page 18 conlinued... Ribblo Vallgy Sports and RgGroation Tradlng as Roefield Lelsuro Noles to the Financial Statements- continued for th• Ygar Ended 30 September 2023 CHARITABLE ACTIVITIES COSTS Support costs Isee note 91 Recreaticm and leisure 516.511 SUPPORT COSTS Govemance Costs Managem¢nt Tol818 Recreation and leisure 506,136 10.375 516,511 10. NET IMCOMEI{EXPENDITUREI Net incomellexpenditur81 is ststed after charglngll¢reditingl.' 30.9.23 30.9.22 Depreciat4on- owned assets Depreciation- assets on hire purchase ¢ontracts and finan￿ leas8S Surplus on disposal of fixed assets 18,838 6,631 (4,2431 18.708 11. AUDrroRS' REMUNERATION 30.9.23 30.9.22 Fees payable lo the charty$ auditors for the audit of the chariws financial ststemenls Auditors. remuneration for non audit work 4.250 6.125 2,250 3,695 12. TRUSTEES. REMUNERATION AND BENEFITS The Irustses all give freely their time and expertise wlthout any fomi of remuneratlon or other benefft in cash or ￿nd (2022- £nill. Trustees. expenses There were no Irustees. expens85 paid for tt)e year ended 30 September 2023 nor for th8 year ended 30 S&ptemb8r 2022. Page 19 continued... Rlbble Valley Sports and Recreation Tradlng as Roefield Lelsure Notes to the Financial Statements- continugd for the Year Endod 30 September 2023 13. STAFF COSTS 30.9.23 30.9.22 Wages and salaries Social security costs Oiher pension costs 492.216 30.178 8.306 438.837 28,157 530,700 474,338 The average monthty number of empk)yees during the year was as folk)ws: 30.9.23 19 16 30.9.22 16 21 Fundraising trdding Support costs 35 37 Key management personnel comprise the trustees and centre manager. The tolal employment benefits of the key management personnel for the year to September 2023 was £60.206 (2022 £59,510}. No other employees had employee benefits in ex￿S$ of £60.00012022- £nil). 14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Vnrestricted fund Restrided funds Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 7.550 7,550 Charltable a¢tlvltles Recreation and leisure 49.789 99,608 149.397 Activit￿S to generate fvnds Investment incom 557.151 549 557.151 549 Total 615.039 99,608 714,647 EXPENDfTURE ON Raising funds 267.474 73,378 340.852 Charitable actlvttles Recreation and leisure 453.742 34.353 488,095 Total 721,216 107,731 828,947 NET INCOMEI(EXPENDITURE) Transfers betr4veen funds {106,1771 8,175 (8,123) (8,175) {114,300} Net movement in lunds 198,0021 (16.2981 1114,3001 RECONCILIATION OF FUNDS Total funds brought forward 213,133 323,266 536,399 Page 20 nbnued... Ribblg Valley Sports and Rocreatlon Trading as Roeflold LeSsure Notes to thg Financial Statsments- continued for the Y•ar Endod 30 Sgptsmber 2023 14. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTMTIES - contlnued Unrestricted Restricted fund funds Total funds TOTAL FUNDS CARRIED FORWARD 115,131 306,968 422,099 15. TANGIBLE FIXED ASSETS Improvements to leasehold propety Fixtures and fittings Plant and machinery Gym equipment Totals COST At 1 October 2022 Addttions DisF>osals 759,045 1,544 162,694 14,744 5,983 717 205.702 121,385 (122,1711 1,133,424 138,390 {122.1711 AI 30 S&pl8mber 2023 760,589 177,438 6,700 204,916 1,149,643 DEPRECIATION Al 1 October 2022 Charge for year Eliminated on disp08al 80.282 10,559 153,831 2.835 4,973 471 182.577 11,604 {120,7141 421,663 25.469 1120.7141 At 30 SepteM￿r 2023 ,841 156,666 5,444 73.467 326,418 NEf BOOK VALUE AI 30 September 2023 669.748 20.772 1,256 131,449 823,225 At 30 September 2022 678,763 8,863 1,010 23.125 711,761 Fixed asse15 ar8 induded at cost. There are no un-capitalised fixed assets. Fixed assets. induded in the abovg, which are hold under financ* leases are as follows: Gym equlpment COST Addibons 99,417 DEPRECIATION Charge for year 6,631 NET BOOK VALUE At 30 September 2023 92.786 At 30 September 2022 Page 21 ntinued... Rlbb19 Vallgy Sport5 and RoGreation Trading as Roefield Leisure Notes to the Financial Ststemgnts- continugd for th& Year Endod 30 S8pt•mbèr 2023 16. STOCKS 30.9.23 30.9.22 stock 1.332 275 17. DEBTORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 30.9.23 30.9.22 Tradé dèbtors other d8btor5 VAT Accrued income Pr8payments 5,900 14,463 1,095 4,014 8,210 37.217 4,770 8,237 33.682 50.224 18. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.23 30.9.22 Bank loans and overdrafts (see note 20) Other loans {s8e note 20) Finance leases (see note 211 Trade (yedf(ors Social security and other taxes VAT Accrued expenses Income in advance 18.581 22,546 19.883 41.042 7,839 9,768 22,015 30,622 9,575 4,457 39.097 62.893 28,070 71,808 209.769 178.427 19. CREDrroRS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 30.9.23 30.9.22 Bank loans (see note 201 Olher loans (see note 20} Finance leases (see note 211 59,311 254,113 72.905 29,923 267,660 386.329 297,583 Page 22 conts'nued... Ribbl• Vall8y Sport$ and RgcTgatlo Trading as Roefield Leisuro Notes to th• Financial Statements . Continued for Ihe Year End8d 30 Septombgr 2023 20. LOANS An analysis of the maturity of loans is glven b&l(Iw.' 30.9.23 30.9.22 Amounts falllng due within one year on demand.. Natwest Bounce Back loan Nalwesl Business Loan RVBC loan Bowland Trust loan 10,015 8,566 13,546 9,768 13,015 9.000 41,127 31.783 AJnounts falling betsveen one and ￿ year8: Natwest Bounce Back loan Natwesl Business Loan RVBC loan Bowland Trust loan 19.908 9.323 14,098 9,000 29,923 13.546 9.000 52.329 52,469 Amounts falling due be￿n two and five years: Natwest Business Loan RVBC loan Ba￿and Trust loan 30.080 45,837 10,500 44,042 10,500 86,417 54,542 Amounts falling due in more than fvo years.. Repayable by inslalments= RVBC k)an 174.678 190.572 The loan temis are as follows.. Bowland Trust loan - Thère has been an agreed repayment hotiday in place and confirmation has been received post year end agreeing no further balance 1$ oulstanding.The balance will be transferred to donations received in lh8 2024 year end. RVBC loan - This loan has an interest rate of 4.036% pla and is payable monthly. It was due lo b8 paid tswce a year but was later negotiated to be paid monthly. Due to the pandemic, an 18 monlh repayment holiday was agreed with RVBC bul this ended In Odober 2021 and monthly repayments have been made since.. This loan is now due to be repaid by 30 Sepbmber 2037 (previously March 2036). Natwest Bounce Back Loan- This loan has an interest rate of 2.5% pla and is payable m￿ly. The loan is guaranteed from the UK Govemmenl under the Bounce 8a¢k Loan Scheme, and is due to be repaid by August 2026. Nalwest Small Business Loan - This loan has an interest rate of 8.5Yo pla and fs payable monthly. The loan was used to fund part of the investment in the new gym equipment. All loan repayments due In the year hav8 been meL Page 23 continued... Ribble Vallgy Sports and Recr8atlon Trading as Roefigld Leisure Notes to the Flnanclal Statements - contlnued for the Year Ended 30 Septern￿r 2023 21. LEASING AGREEMENTS Minimum18ase payments fall due as follows.. Finance18ases 30.9.23 30.9.22 Gross obligations repayable- Within one year Between one and five years 25,328 92,869 118.197 Finance charges repayable: Within one year Be￿een one and five years 5,445 19,964 25,409 Nel obligations repayable.. Within one year Be￿een and fve years 19.883 72,905 92,788 mOn￿ncelIable operating lease5 30.9.23 30.9.22 Vvithin one year Between one and five years 2,360 7.990 1,170 7,150 10,350 8,320 Page 24 continued.. Ribble Valley Sports and Recreallon Trading as Roefleld Lelsure Notes to the Flnanclal Ststemènts- continued for the Year Endad 30 Septsrn￿r 2023 MOVEMENT IN FUNDS Net movement in fijnds Al 1.10.22 At 30.9.23 Unrestricted funds General fvnd 115.130 (57,701) 57,429 Ro$tricted funds 2015 RefU￿lshment 2018 Facilty improvements Holiday Aclivits'es & Food Progr8mme {HAFI Play and Skills al Teatime Actwities Programme IPASTAI Pur(thas8 of electric bikes 221,662 66,154 {3,334) {1,814) 218,328 64.340 15,660 381 16,041 3.493 1,294 7.882 4.787 7.882 306,969 4,409 311.378 TOTAL FUNDS 422,099 (53,292> 368.807 Net movement in fijnds. included in the above a￿ as folh)w8: Incoming resources Resour￿5 expended Movement in funds Unrostrlcted funds General ftjnd 756,367 1814,068) (57,701) Rèstricted funds 2015 Refurbishment 2018 Facility improvements Holiday Activities & Food Programme {HAFI Play and Skills at Teatime Activithos Programme {PASTAI Pur¢hase of electric bikes 13.3341 {1,814) {3.3341 (1,8141 112.099 {111.7181 381 11,666 8,299 110,372) 1417) 132,064 {127,6551 4.409 TOTAL FUNDS 888,431 1941,723) (53.292) Page 25 conb'nued... Ribble Valley Sport5 and RoGrpation Trading as Roefield Leisure Notes to the Financial Statements- ¢ontinu•d for the Year Endod 30 Septomber 2023 MOVEMENT IN FUNDS- conlinu Cornparatives ft>r movement in funds Net movement in fvnds Transfers between funds Al 1.10.21 Al 30.9.22 UnTg$tricted funds General fund 213.133 1106,1781 8,175 115.130 Restrlcted funds 2015 Refurbishment 2018 Faality improvements Holiday Activities & Food Programm8 IHAF) Play and Skills at Teatime Activities Programme (PASTA) 224,995 67.969 13,3331 {1,8151 221,662 66,154 30,302 16.467) {8,1751 15,660 3,493 3,493 323,266 (8,122) (8.1751 306,969 TOTAL FUNDS 536,399 (114.300) 422,099 Comparativ8 net movement in funds, included in the above are as follows.. Incoming resources Resourcgs expended Movement in fvnds Unrgstricted funds General ftjnd 615,039 (721.217) (106,178) Restrictsd fund$ 2015 Refurbishment 2018 F8ciIty improvements Holiday Activities & Food Programm8 IHAFI Play and Skills at Teatime Activltles Programme IPASTAI {3,333) {1,815) (3,333} (1,815) 89,608 {96,075) {6.467) 10.000 (6.5071 3,493 99,608 (107.730) 18,122} TOTAL FUNDS 714,647 1828.947) {114.300) Page 26 emlinued... Ribble Vallgy Sports and Rocreatlon Trading a$ Rogfigld Lolsure Notes to the Flnanclal Slalam•nt$- continued for thg Year Ended 30 September 2023 MOVEMENT IN FUNDS . continued A current year12 months and prior year 12 months Combined position is as follows.. Net mov8ment in fLtnds Transfers be￿een funds Al 1.10.21 Al 30.9.23 Unr•strlcted funds General fund 213.133 (163,879) 8,175 57.429 Restrlctsd funds 2015 Refurbishment 2018 Facilty ifflprovemenls Holiday Actiwties & Food Programme IHAFI Play and Skills at Teatimg Activities Programme {PASTAI Purchase of electric bikes 224.995 67.969 16,667) 13.629) 218,328 64.340 30,302 16.0861 18.175) 16,041 4,787 7,882 4,787 7,882 323.266 (3.7131 (8,1751 311,378 TOTAL FUNDS 536.399 1167,592) 368.807 A current year 12 mnths and prior year 12 months combined net movemant in funds, included in the abov8 are as follows". Ino)ming resour￿9 Resources expended Movemenl in fvnds Unrestrided funds General fund 1,371,406 11,535,285) {163,8791 Restrl¢ted funds 2015 Refurbishment 2018 Facility improvements Holiday Activities & Food Programme (HAFI Play and Skills at Teatim8 Actwities Programme IPASTAI Purthase of electric bikes (6.667} 13.6291 (6.667) (3,629) 201.707 (207.793) {6,0861 21,666 8,299 {16,879) {4171 4,787 7,882 231.672 (235.3851 13,7131 TOTAL FUNDS 1.603.078 11,770.670) {167,5921 Restricted funds comprises ofthe folbwng: Refurbishment: This grant was received for the refurbishment of the centre. It remains a restrided fund as per Ihe grant agreement. The funds have been spent in fvll on fixed assets aThJ the balance of £218.328 wll be written off over the useful 8conomic lrfe of the asset concerned. Facility improvementr. This grant was r￿1Ved for centre improvements. 11 remains a restricted fvnd as per the grant agreement. The funds have bean spent in full on fixed assets and the balance of £64.340 will be written off over the usefvl economic lrfe of the asset COn￿med. Page 27 contlnued... Rlbble Valley Sports and RgGreation Trading as Roefield Leisur8 Nole$ to the Flnanclal Statements- contlnued for the Year Ended 30 September 2023 MOVEMENT IN FUND8- ¢ontinuod Holiday activitses and food programme {HAFI'. This grant was received to facilitate the provision of school holiday activities and food programme for school aged children, for the year lo 31 March 2024. This grant is restrided per the agreement and the grant period will cease after the 2023 Christmas school holiday. The balance of £16,041 in restricted funds has been used after the year end to fund the provision of activities and food during the 2023 Chrislmas school holiday. Play and skills at teatime activities IPASTA}: This grant was re￿iVed to facilitate the provision of after school activities to children aged 5 to 8. This grant is restiicted per the agreement and the grant period wll cease on 31 March 2024. The balance of £4.787 in restricted funds has been used after the year end lo fund the pn)vision of these activites up to the cessalion of the agreement. Purchase of electric bikes: This grdnt was received for the purchase of electiic bikes. It remains a restricted fund as per the grant agreement. £4,166 has been used to purchase fLxed assets and £4,133 remains unspent. £3,749 of the balance carried forward will b8 written off over the useful economic life of the asset con¢emed. 23. EMPLOYEE BENEFIT OBLIGATIONS Al Ihe year end £2,381 of pension contributions was due lo bè paid over to the pension provider 12022 - £2,505). 2& RELATED PARTh DISCLOSURES During the year the trustees paid the charity for gym and sessional membership at market value, and there were no amounls outstsnding at the year end. 25. ULTIMATE CONTROLLING PARTY The dwrity is controlled by members of the t#)ard. No member is entitled lo than one vote. Page 28 Ribble Vallgy Sports and ReGrgatlon Trading as Rogllgld Lglsure Dotsiled Statement of Flnan¢lal Actlvttles for the Year Ended 30 September 2023 30.9.23 30.9.22 INCOME AND ENDOWMENTS Donatlons andlogacles Clith8roe Town Council Oiher gran15 induding CO￿7d grants 25.000 7,550 25.O¢XJ 7,550 Activities to ggnorate funds Aerobics Vending machines and cafe income Court hire Climbing wall Gym Sauna Other incorr Sthool 4.074 10,603 87.442 1.215 544,683 1.687 6,045 8,113 74,479 1,500 442,216 516 23,484 27.132 677,222 557,151 Investment Income Deposit occount interest 1,278 549 Charltable acllvlties Contracts for servi￿9 Grants 33,463 151,468 34.514 114.883 184,931 149.397 Total Incomlng rosource8 888,431 714,647 EXPENDrruRE Activltles to genornto funds Wages Social sgcurity Sut￿cOntrO¢tors Vending machine and cafe purchases Equipment and assocaaled repairs other fundraising trading costs Unrecoverable VAT Aliance Leisure share 218.044 12.139 97,949 7,860 25,385 23,112 18,155 22,568 149.261 6,792 90,660 7,672 30,870 28,015 15,279 12,303 425.212 340,852 Support c¢>sts Management Wages Carried forward 274.172 274,172 289.576 289.576 This page does nol form part of the statutory financial statements P8ge 29 Ribble Valley Sports and Recroatlon Trading as Roefield Leisure Dgtalled Stst¢ment of Financial Activities for the Year Ended 30 September 2023 30.9.23 30.9.22 Managoment Brought fomard Social security Pensions Premises costs Telephone Postage and stationery Advertising Sundrtes General maintenance Training Legal and professional fees Bank charges Loan interest Bad debts Computer ¢osts Improvements to18asehold property depreciation Plant and machinery depreciation Flxtur8s and fittings depreciation Gym equipment depreciation {ProfilyIos5 on sale of tangible fixgd assets Leasing interesl 274.172 18,039 8,306 75,450 2,353 6,044 10,307 14,813 19,472 11,172 14.278 2.868 11,914 1,400 12,327 289,576 21,365 58,727 2,647 5,393 9,915 11,728 14.270 8,373 8,447 2,670 11,595 11,393 10,559 2,835 471 11.604 {4,2431 1.995 10.568 3.042 4.413 506.136 482.150 Govoman¢e costs Auditors, remuneralion Auditors, remuneration for non audft work 4,250 6,125 2,250 3,695 10,375 5.945 Totsl reSoUr￿S expended 941,723 828,947 Nat expenditure (53.2921 {114,300) This page doos nol fom part ofthe statutory financial statements Page 30