**REGISTERED COMPANY NUMBER: 04212946 (England and Wales) REGISTERED CHARITY NUMBER: 1090921**
**Report of the Trustees and**
**Financial Statements for the Year Ended 30 September 2025**
**for Ribble Valley Sports and Recreation Trading as Roefield Leisure**
Bennett Kirkhope Smith Ltd Chartered Certified Accountants and Statutory Auditors Suites 5 & 6 The Printworks Hey Road Barrow Clitheroe Lancashire BB7 9WB
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Contents of the Financial Statements for the Year Ended 30 September 2025**
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Page
Report of the Trustees 1 to 7
Report of the Independent Auditors 8 to 11
Statement of Financial Activities 12
Balance Sheet 13
Cash Flow Statement 14
Notes to the Cash Flow Statement 15
Notes to the Financial Statements 16 to 30
Detailed Statement of Financial Activities 31 to 32
DRAFT
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**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Report of the Trustees for the Year Ended 30 September 2025**
The trustees who are also directors 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 2025. The trustees have adopted the provisions of 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 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The company's principal objectives, as set out in the Memorandum of Association are:-
"to provide or assist in the provision of facilities for the recreation and other leisure time occupation of the inhabitants of Ribble Valley district and in particular by the provision of buildings to be used for the purpose of improving the conditions of life for the persons for whom the facilities are primarily intended who by reason of their youth and/or social or economic circumstances are in need of such facilities." There were no changes in the year in the policies adopted by the company in order to further its objects.
Page 1
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Report of the Trustees for the Year Ended 30 September 2025**
## **OBJECTIVES AND ACTIVITIES**
## **Public benefit**
The Trustees have complied with their duty in section 17(5) of the 2011 Charities Act to have due regard to public benefit guidance published by the Charity Commission when reviewing aims and objectives of the charity in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives set.
All charitable activities are focused on providing recreation and other leisure occupation in the interest of social welfare and are undertaken to further the charitable purpose for public benefit.
The following are examples of schemes that are in place which benefit the public:
allows a 40% discount on the full fitness membership housing, disability, child support) and students. This Valley Health and Wellbeing Partnership. The has replacing it with the 'Lets Live Life' scheme. The specialist classes which are available at a 60% stretch, meditation, aerobics, tone, Tai Chi, fitness as supervised gym. 'Lets Live Life scheme' also runs funding from Sport England, we have introduced Wellbeing Partnership now has a children section, This Activities Fund (HAF), which provides eligible children winter holidays. This now runs in the partnership along County council. The partnership is also in its 5th year (PASTA), this is an after school club for children aged schools on activities such as archery, gym, The centre has seen a substantial increase in partnerships clubs. All 6 local secondary schools use the centre hall hire for a local indoor crown green bowling
The Freedom membership, which allows a 40% discount on the full fitness membership to those on benefits (income support, job seekers, housing, disability, child support) and students. This membership has been re-marketed in partnership with Ribble Valley Borough Council.
The charity manages the Ribble Valley Health and Wellbeing Partnership. The has taken over the Ribble Valley 'Up and Active' scheme, replacing it with the 'Lets Live Life' scheme. The scheme encourages a healthy lifestyle, by putting on specialist classes which are available at a 60% discounted price. Classes include seated exercise, circuits, stretch, meditation, aerobics, tone, Tai Chi, fitness come dancing and sessions for GP referrals such as supervised gym. 'Lets Live Life scheme' also runs the 'Rural roadshow'. Additionally, this year, with funding from Sport England, we have introduced specialised Parkinson's rehabilitation sessions.
The Ribble Valley Health and Wellbeing Partnership now has a children section, This department is now in its 6th year of running the Holiday Activities Fund (HAF), which provides eligible children with free holiday club provision in easter, summer and winter holidays. This now runs in the partnership along with the department of education and Lancashire County council. The partnership is also in its 5th year of running the Play Activities Teatime skills provision (PASTA), this is an after school club for children aged 4-8 year old with high BMI,it runs in the partnership with Lancashire County Council.
A 70% discount to all local secondary schools on activities such as archery, gym, fitness classes, bowling, and all other centre pursuits. The centre has seen a substantial increase in partnerships with local schools, community groups and sports clubs. All 6 local secondary schools use the centre twice a week and 4 local primary schools once a week.
A 25% discount per team on sports hall hire for a local indoor crown green bowling league for both league and practice sessions. 95% of the participants are over the age of 60.
The centre holds a free running club, walking clubs, electric bike sessions and boot camps for local residents, providing over 260 hours' worth of free fitness provision per year.
The centre works in partnership with a local 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 at Teatime' activities. Both initiatives support local families who need help with food and nutrition, enriching activities and planning for school aged children.
Page 2
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Report of the Trustees for the Year Ended 30 September 2025**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Fundraising activities**
This report relates to the 12-month period from 1 October 2024 to 30 September 2025, being the 21st year the charity has been trading as a company limited by guarantee.
The charity continues to achieve its objectives by delivering commercial and non-commercial fitness activities.
This is the 13th full year of management by David Potts and he has continued to achieve the objectives of the charity and improved the range of discounts and facilities offered by the centre in the Ribble Valley.
Over the 13 years of management, David Potts has overseen several projects which have helped improve the facilities of the centre. These include a new state of the art spinning studio, increased square meterage of the changing provisions, improved lighting for several sports in the sports hall. Ribble Valley Health and Well being partnership has been a significant success for the charity and has allowed the charity to go above and beyond its charitable aims.
- lighting for several sports in the sports hall. Ribble
- significant success for the charity and has allowed the the job David Potts has undertaken, particularly
- consistent increasing from £1,030,166 to £1,036,403 income. This continues to be commercially driven
- charitable activities has decreased from the previous Town Council was received in the year of £12,500 from the supply of commercial and non-commercial
- the 'HAF' programme and partnering initiatives, as well the centre to operate effectively and to ensure that the
The trustees are satisfied with the job David Potts has undertaken, particularly managing the centre through these uncertain and challenging times.
Income overall has stayed consistent increasing from £1,030,166 to £1,036,403 with the fitness suite generating 83% of the fund raising income. This continues to be commercially driven and provides income to support community focused initiatives.
Donations and income from charitable activities has decreased from the previous period from £254,791 to £170,335. A grant from Clitheroe Town Council was received in the year of £12,500 (2024 - £12,500). This demonstrates that maintaining income at the same level as 2024 is a significant achievement.
Total resources expended has decreased from £977,882 to £945,403.
## **FINANCIAL REVIEW**
## **Principal funding sources**
The main sources of income were from the supply of commercial and non-commercial fitness activities. Grant funding was accessed through the 'HAF' programme and partnering initiatives, as well as the Ribble Valley Health and Wellbeing Partnership.
These sources of income enable the centre to operate effectively and to ensure that the centre is maintained to continue providing facilities to further its objectives.
## **Reserves policy**
The Trustees have examined the charity's requirements for reserves by considering the main risks to the organisation. The Trustees are working towards a position whereby the cash and bank balances held by the charity should be two to three months of the annual expenditure of the charity.
The total reserves at the year end are £512,091. The unrestricted funds at the year end are £213,934, and is used for general fund raising activities, and running costs of the centre. The restricted funds at the year end are £298,157, and is used for activities in relation to the restricted income.
Page 3
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Report of the Trustees for the Year Ended 30 September 2025**
## **FINANCIAL REVIEW**
## **Going concern**
The trustees consider that there are no material uncertainties about the charities' ability to continue as a going concern.
The board considers the current economic climate as the main challenge and are working with the Centre Manager on how the charity can support the local community whilst being fully operational.
The board are hopeful that in the forthcoming year the charity will continue to build reserves to work towards the target bank balances.
However, the charity has some serious concerns regarding ongoing maintenance issues that may affect the operation of the centre. These include the sports hall heating system and a section of the roof, which as detailed below will require significant outlay.
- include the sports hall heating system and a section
- concerns about utilising reserves to fund these works that funding for the Let Live Life programme
- is currently working alongside other trusts across East to borough boundaries, in line with government
- charity. A decision is expected in June 2026, with
- governing document, a deed of trust, and constitutes
## **FUTURE PLANS**
The board anticipates a modest surplus from planned operations in the current year.
- However, to remain operational in the longer term the centre must consider investment in the following areas. - Repairs to the flat roof - estimated at £60,000
- Sports hall heating system - estimated at £52,000
- Replacement of spinning bikes - estimated at £35,000
Management has significant concerns about utilising reserves to fund these works given the current financial climate.
The charity must also consider that funding for the Let Live Life programme (£36,000) is due to end in September 2026. The manager is currently working alongside other trusts across East Lancashire to explore options for long-term sustainability.
Additionally, proposed changes to borough boundaries, in line with government policy, may impact the running and governance of the charity. A decision is expected in June 2026, with implementation anticipated in 2028.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
The Company has a Board of Trustees/Directors comprising of individual members of the Charity plus the prescribed nominees in accordance with the provisions of its Articles.
Membership of the Board comprises elected individual members together with the following nominated members:
- two persons nominated by Ribble Valley Borough Council;
- one person nominated by Clitheroe Town Council;
- five persons nominated by the corporate sports and recreational users Group;
- ten individual persons under article 2;
## **Organisational structure**
The company is managed by its board of trustees/directors, consisting of not less than 2 members or more than 19. The board meets 4 times a year.
Page 4
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Report of the Trustees for the Year Ended 30 September 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Decision making**
The board of trustees/directors are responsible for the strategic decision making and work with the centre manager to monitor its progression of the strategic plan. The responsibility for the day to day operations and general running of the charity is that of the centre manager.
## **Induction and training of new trustees**
As part of their induction programme new trustees are made aware of their responsibilities outlined in the statement of trustees' responsibilities. This induction includes an introduction to the objectives, scope and policies of Ribble Valley Sports and Recreation, presentation of the Memorandum and Articles of Association and referral to Charity Commission information on trustee responsibilities.
- are responsible for setting the remuneration package for
## **Key management remuneration**
The board of trustees/directors are responsible for setting the remuneration package for the key management personnel.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 04212946 (England and Wales)
**Registered Charity number** 1090921
## **Registered office**
Edisford Road Clitheroe Lancashire BB7 3LA
## **Trustees**
M E Sutcliffe (resigned 24.9.25) H Douglas (resigned 4.2.26) A G Gornall T Marklew I Brown S M O'Rourke M Graveston (resigned 24.9.25) D L O'Rourke (appointed 24.9.25)
## **Company Secretary**
T Marklew
## **Auditors**
Bennett Kirkhope Smith Ltd Chartered Certified Accountants and Statutory Auditors Suites 5 & 6 The Printworks Hey Road Barrow Clitheroe Lancashire BB7 9WB
Page 5
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Report of the Trustees for the Year Ended 30 September 2025**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Bankers**
National Westminster Bank plc York Street Clitheroe Lancashire BB7 2DN
## **Solicitors**
Woodcocks West View Princess Street Haslingden Rossendale Lancashire BB4 6NW
- directors of Ribble Valley Sports and Recreation for the the Report of the Trustees and the financial statements Accounting Standards (United Kingdom Generally
- to prepare financial statements for each financial the financial statements in accordance with United
- must not approve the financial statements unless
- state of affairs of the charitable company and of the the income and expenditure, of the charitable on the going concern basis unless it is inappropriate
## **Centre manager**
David Potts, the centre manager, is responsible for the day to day management of the charity.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Ribble Valley Sports and Recreation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable 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 that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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 of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Page 6
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Report of the Trustees for the Year Ended 30 September 2025**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
The trustees are required to prepare accounts for each financial year which give a true and fair view of the state of affairs of the company as at the end of the financial year and of the surplus or deficit of the company for that year. In preparing those accounts the trustees are required to:-
a) select suitable accounting policies and then apply them consistently,
b) make judgements and estimates that are reasonable and prudent,
c) follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts; and
d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies. The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with all relevant legislation. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- reasonable steps for the prevention and detection
- Smith Ltd, will be proposed for re-appointment at
- in accordance with the special provisions of Part 15
## **AUDITORS**
The auditors, Bennett Kirkhope Smith Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 20 May 2026 and signed on its behalf by:
T Marklew - Trustee
Page 7
**Report of the Independent Auditors to the Members of Ribble Valley Sports and Recreation**
## **Opinion**
We have audited the financial statements of Ribble Valley Sports and Recreation (the 'charitable company') for the year ended 30 September 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice).
## In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 30 September 2025 and of its 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.
accordance with International Standards on Auditing under those standards are further the financial statements section of our report. We with the ethical requirements that are relevant to our the FRC's Ethical Standard, and we have with these requirements. We believe that the audit we have concluded that the trustees' use of the performed, we have not identified any material uncertainties collectively, may cast significant doubt on the charitable a period of at least twelve months from when the responsibilities of the trustees with respect to going concern for the other information. The other information other than the financial statements and our Report of the statements does not cover the other information and,
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **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 Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **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 Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 8
**Report of the Independent Auditors to the Members of Ribble Valley Sports and Recreation**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns 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 returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
## **Responsibilities of trustees**
- Statement of Trustees' Responsibilities, the trustees (who the purposes of company law) are responsible for satisfied that they give a true and fair view, and for to enable the preparation of financial statements the trustees are responsible for assessing the
- concern, disclosing, as applicable, matters related to unless the trustees either intend to liquidate the
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 9
**Report of the Independent Auditors to the Members of Ribble Valley Sports and Recreation**
## **Our responsibilities for the audit of the financial statements**
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 a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; -we identified the laws and regulations applicable to the company through discussions with trustees and other management, and from our commercial knowledge and experience;
applicable to the company through discussions and regulations which we considered may have a direct of the company, including the Companies Act compliance with the laws and regulations identified were communicated within the audit team regularly of the company's financial statements to material as to where they considered there was in place to mitigate risks of fraud and and assumptions made in determining the
-we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment and health and safety legislation;
-we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
-identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;
-making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and -considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
-performed analytical procedures to identify any unusual or unexpected relationships; -tested journal entries to identify unusual transactions;
-assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
-investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
-agreeing financial statements disclosures to underlying supporting documentation;
-reading the minutes of meetings of those charged with governance;
-enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 10
**Report of the Independent Auditors to the Members of Ribble Valley Sports and Recreation**
## **Use of our report**
This report is made solely to the charitable company's members, 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 charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Alice Mary Smith (Senior Statutory Auditor) for and on behalf of Bennett Kirkhope Smith Ltd Chartered Certified Accountants and Statutory Auditors Suites 5 & 6 The Printworks Hey Road Barrow Clitheroe Lancashire BB7 9WB
##
Date: .............................................
Page 11
## **Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 September 2025**
|**D**
Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**Charitable activities**
6
Recreation and leisure
Activities to generate funds
4
Investment income
5
**Total**
**EXPENDITURE ON**
Raising funds
7
**Charitable activities**
8
Recreation and leisure
**Total**
**NET INCOME**
**Transfers between funds**
22
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**RA**
Unrestricted
fund
£
12,500
36,066
865,233
835
914,634
386,558
443,496
830,054
84,580
62,024
146,604
67,331
213,935|**FT**
Restricted
funds
£
-
121,769
-
-
121,769
66,415
48,934
115,349
6,420
(62,024)
(55,604)
353,760
298,156|30.9.25
Total
funds
£
12,500
157,835
865,233
835
1,036,403
452,973
492,430
945,403
91,000
-
91,000
421,091
512,091|30.9.24
Total
funds
£
41,000
213,791
774,235
1,140|
|---|---|---|---|---|
|||||1,030,166|
|||||443,747
534,135|
|||||977,882|
|||||52,284
-|
|||||52,284
368,807|
|||||421,091|
||||||
The notes form part of these financial statements
Page 12
## **Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Balance Sheet 30 September 2025**
|**DRAFT**
30.9.25
Unrestricted
Restricted
Total
fund
funds
funds
Notes
£
£
£
**FIXED ASSETS**
Tangible assets
15
527,155
272,370
799,525
**CURRENT ASSETS**
Stocks
16
1,045
-
1,045
Debtors
17
54,322
-
54,322
Cash at bank and in hand
71,557
25,787
97,344
126,924
25,787
152,711
**CREDITORS**
Amounts falling due within one year
18
(181,231)
-
(181,231)
**NET CURRENT ASSETS**
(54,307)
25,787
(28,520)
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
472,848
298,157
771,005
**CREDITORS**
Amounts falling due after more than one year
19
(258,914)
-
(258,914)
**NET ASSETS**
213,934
298,157
512,091
**FUNDS**
22
Unrestricted funds
213,934
Restricted funds
298,157
**TOTAL FUNDS**
512,091
These financial statements have been prepared in accordance with the provisions applicable
companies subject to the small companies regime.|30.9.24
Total
funds
£
842,004
1,127
27,916
60,307
89,350
(197,005)
(107,655)
734,349
(313,258)
421,091
67,331
353,760
421,091
to charitabl|
|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 20 May 2026 and were signed on its behalf by:
I Brown - Trustee
S M O'Rourke - Trustee
The notes form part of these financial statements
Page 13
## **Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Cash Flow Statement for the Year Ended 30 September 2025**
|**DRA**
Notes
**Cash flows from operating activities**
Cash generated from operations
1
Interest element of finance lease
payments paid
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
**Cash flows from financing activities**
Loan repayments in year
Capital repayments in year
Loan written off
Net cash used in financing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|**FT**
30.9.25
£
96,407
(5,445)
90,962
(1,188)
835
(353)
(33,688)
(19,884)
-
(53,572)
37,037
60,307
97,344|30.9.24
£
102,699
(5,445)
97,254
(64,244)
1,140
(63,104)
(32,126)
(19,883)
(28,500)
(80,509)
(46,359)
106,666
60,307|
|---|---|---|
The notes form part of these financial statements
Page 14
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Notes to the Cash Flow Statement for the Year Ended 30 September 2025**
|**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|
|---|---|---|---|---|
||||30.9.25|30.9.24|
||||£|£|
||**Net income for the reporting period (as per the**|**Statement of**|||
||**Financial Activities)**||91,000|52,284|
||**Adjustments for:**||||
||Depreciation charges||43,666|44,960|
||Loss on disposal of fixed assets||-|505|
||Interest received||(835)|(1,140)|
||Interest element of hire purchase and finance lease rental payments||5,445|5,445|
||Decrease in stocks||82|205|
|**2.**|**DRAFT**
(Increase)/decrease in debtors
(26,406)
Decrease in creditors
(16,545)
**Net cash provided by operations**
96,407
**ANALYSIS OF CHANGES IN NET DEBT**
At 1.10.24
Cash flow
£
£
**Net cash**
Cash at bank and in hand
60,307
37,037
60,307
37,037
**Debt**
Finance leases
(72,905)
19,884
Debts falling due within 1 year
(33,689)
(771)
Debts falling due after 1 year
(260,236)
34,460
(366,830)
53,573
**Total**
(306,523)
90,610|||5,766
(5,326)
102,699
At 30.9.25
£
97,344
97,344
(53,021)
(34,460)
(225,776)
(313,257)
(215,913)|
The notes form part of these financial statements
Page 15
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Notes to the Financial Statements for the Year Ended 30 September 2025**
## **1. GENERAL INFORMATION**
The company is a public benefit entity, registered as a private company limited by guarantee and is incorporated in England and Wales.
The principal place of business and registered office address is:
Roefield Leisure Centre Edisford Road Clitheroe Lancashire BB7 3LA
- of the charitable company, which is a public benefit
- accordance with the Charities SORP (FRS 102) Recommended Practice applicable to charities Reporting Standard applicable in the UK and
- 2019)', Financial Reporting Standard 102 'The Financial republic of Ireland' and the Companies Act 2006. The there are no material uncertainties about the charities'
- sheet reports net current liabilities of £28,520, creditors income in advance which will reverse to the Statement current economic climate as the main challenge and
- given the future plans detailed in the trustees report that
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 102) (effective 1 January 2019)', Financial Reporting 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 sterling (£) using the historical cost convention.
## **Going Concern**
The trustees consider that there are no material uncertainties about the charities' ability to continue as a going concern.
Although the balance sheet reports net current liabilities of £28,520, creditors due within one year includes £74,740 of gym income in advance which will reverse to the Statement of Financial Activities in 2026. Management therefore consider available working capital to be £46,220.
The board considers the current economic climate as the main challenge and are working with the Centre Manager on how the charity can support the local community whilst being fully operational. The board are hopeful given the future plans detailed in the trustees report that we will see a healthy position in 2026 and acknowledge future maintenance requirements should be addressed.
The trustees therefore continue to adopt the going concern basis in preparing the financial statements.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Total incoming resources is the amount derived from the provision of goods and services, and stated after trade discounts, other sales taxes and net of VAT.
The following specific policies are applied to particular categories of income:
Voluntary income, donations and legacies, is received by way of grants and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Activities for generating funds comprises of income generated from the provision of recreation and leisure facilities and is accounted 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 to the period it relates.
Page 16
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **2. ACCOUNTING POLICIES - continued**
## **Income**
Charitable activities includes income from grants and contracts for services in relation to providing recreation and leisure facilities.
Income from contracts for services is accounted for when invoiced and in line with delivery of the project.
Grants, where entitlement is conditional yet the conditions are within the charity's control and there is sufficient evidence that the conditions can be met, are recognised when the charity becomes entitled to the grant. Grants are treated as restricted funds where the provider has specified how the grant should be utilised.
- as expenditure as soon as there is a legal or
- that expenditure, it is probable that a transfer of
- and the amount of the obligation can be measured basis and has been classified under headings
- Where costs cannot be directly attributed to particular trustees that all costs are directly attributed towards at the following annual rates in order to write off each - 5% on cost and over the term of the lease - 25% on reducing balance - 33% on reducing balance the lease
Investment income is included when receivable.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Allocation and apportionment of costs**
It is the opinion of the trustees that all costs are directly attributed towards the cost of running the centre, therefore all support costs have been allocated to this activity.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to leasehold property - 5% on cost and over the term of the lease Plant and machinery - 25% on reducing balance Fixtures and fittings - 33% on reducing balance Gym equipment - Straight line over 5, 10 or 15 years and over the term of the lease The charity operates from land and buildings owned by Ribble Valley Borough Council.
Fixed assets are included at cost and will not be capitalised if the cost is below £100.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Page 17
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **2. ACCOUNTING POLICIES - continued**
## **Fund accounting**
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.
|**3.**
**4.**|**DRAFT**
The interest element of these obligations is charged to the Statement of Financial Activities over
relevant period. The capital element of the future payments is treated as a liability.
**Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to
charitable company's pension scheme are charged to the Statement of Financial Activities in
period to which they relate.
**Treatment of irrecoverable vat**
Irrecoverable input vat is calculated in line with partial exemption rules.
**DONATIONS AND LEGACIES**
30.9.25
30.9.24
£
£
Donations
-
28,500
Clitheroe Town Council
12,500
12,500
12,500
41,000
**ACTIVITIES TO GENERATE FUNDS**
30.9.25
30.9.24
£
£
Aerobics
3,460
3,478
Vending machines and cafe income
13,175
11,351
Court hire
114,629
109,365
Climbing wall
-
164|
|---|---|
||Gym
714,560
628,883|
||Sauna
2,559
1,482|
||Other income
287
205|
||School
16,563
19,307|
||865,233
774,235|
The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
A proportion of income is received as annual or fixed period membership which is apportioned into the period it relates. During the year £74,740 (2024 - £72,089) was deferred to future years.
Page 18
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
|**DRAFT**
**5.**
**INVESTMENT INCOME**
Deposit account interest
**6.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Contracts for services
Recreation and leisure
Grants
Recreation and leisure
Grants received, included in the above, are as follows:
Lancashire County Council (HAF and PASTA)
Other
**7.**
**RAISING FUNDS**
**Activities to generate funds**
Staff costs
Activity providers
Vending machine and cafe purchases
Equipment and associated repairs
Other fundraising trading costs
Unrecoverable VAT
Alliance Leisure share|30.9.25
£
835
30.9.25
£
36,066
121,769
157,835
30.9.25
£
96,800
24,969
121,769
30.9.25
£
235,749
87,882
13,258
40,520
31,058
20,695
23,811
452,973|30.9.24
£
1,140
30.9.24
£
30,537
183,254|
|---|---|---|
|||213,791|
|||30.9.24
£
98,254
85,000|
|||183,254|
|||30.9.24
£
232,600
89,230
10,656
22,225
30,947
23,761
34,328|
|||443,747|
||||
Page 19
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **8. CHARITABLE ACTIVITIES COSTS**
|**8.**|**CHARITABLE ACTIVITIES COSTS**|||
|---|---|---|---|
||||Support|
||||costs (see|
||||note 9)|
||||£|
||Recreation and leisure||492,430|
|**9.**|**SUPPORT COSTS**|||
||General|Governance||
||overheads|costs|Totals|
|**10.**
**11.**
**12.**|**DRAFT**
£
£
Recreation and leisure
480,870
11,560
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
30.9.25
£
Depreciation - owned assets
23,782
Depreciation - assets on hire purchase contracts and finance leases
19,885
Deficit on disposal of fixed assets
-
**AUDITORS' REMUNERATION**
30.9.25
£
Fees payable to the charity's auditors for the audit of the charity's
financial statements
4,495
Auditors' remuneration for non audit work
7,065
**TRUSTEES' REMUNERATION AND BENEFITS**
The trustees all give freely their time and expertise without any form of remuneration or
cash or kind (2024 - £nil).||£
492,430
30.9.24
£
25,075
19,885
504
30.9.24
£
3,500
6,725
other benefit|
**12. TRUSTEES' REMUNERATION AND BENEFITS** The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2024 - £nil).
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.
Page 20
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **13. STAFF COSTS**
30.9.25 30.9.24 £ £ Wages and salaries 436,068 450,600 Social security costs 30,602 29,919 Other pension costs 8,050 8,284 474,720 488,803 The average monthly number of employees during the year was as follows:
|**14.**|**DRAFT**
30.9.25
30.9.24
Fundraising trading
22
20
Support costs
8
10
30
30
Key management personnel comprise the trustees and centre manager. The total employme
benefits of the key management personnel for the year to September 2025 was £64,583 (2024
£62,582).
No other employees had employee benefits in excess of £60,000 (2024 - £nil).
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
41,000
-
41,000
**Charitable activities**
Recreation and leisure
30,537
183,254
213,791
Activities to generate funds
774,235
-
774,235
Investment income
1,140
-
1,140
**Total**
846,912
183,254
1,030,166|**DRAFT**
30.9.25
30.9.24
Fundraising trading
22
20
Support costs
8
10
30
30
Key management personnel comprise the trustees and centre manager. The total employme
benefits of the key management personnel for the year to September 2025 was £64,583 (2024
£62,582).
No other employees had employee benefits in excess of £60,000 (2024 - £nil).
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
41,000
-
41,000
**Charitable activities**
Recreation and leisure
30,537
183,254
213,791
Activities to generate funds
774,235
-
774,235
Investment income
1,140
-
1,140
**Total**
846,912
183,254
1,030,166|**DRAFT**
30.9.25
30.9.24
Fundraising trading
22
20
Support costs
8
10
30
30
Key management personnel comprise the trustees and centre manager. The total employme
benefits of the key management personnel for the year to September 2025 was £64,583 (2024
£62,582).
No other employees had employee benefits in excess of £60,000 (2024 - £nil).
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
41,000
-
41,000
**Charitable activities**
Recreation and leisure
30,537
183,254
213,791
Activities to generate funds
774,235
-
774,235
Investment income
1,140
-
1,140
**Total**
846,912
183,254
1,030,166|
|---|---|---|---|
||**EXPENDITURE ON**|||
||Raising funds
362,958|80,789|443,747|
||**Charitable activities**|||
||Recreation and leisure
479,826|54,309|534,135|
||**Total**
842,784|135,098|977,882|
||**NET INCOME**
4,128|48,156|52,284|
||**Transfers between funds**
5,775|(5,775)|-|
||**Net movement in funds**
9,903|42,381|52,284|
||**RECONCILIATION OF FUNDS**|||
||Total funds brought forward
57,429|311,378|368,807|
Key management personnel comprise the trustees and centre manager. The total employment benefits of the key management personnel for the year to September 2025 was £64,583 (2024 - £62,582).
Page 21
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**DRAFT**
Unrestricted
Restricted
fund
funds
£
£
**TOTAL FUNDS CARRIED FORWARD**
67,332
353,759
**15.**
**TANGIBLE FIXED ASSETS**
Improvements
to
Fixtures
leasehold
Plant and
and
Gym
property
machinery
fittings
equipment
£
£
£
£
**COST**
At 1 October 2024
822,128
168,458
5,663
182,921
Additions
-
-
-
1,188
At 30 September 2025
822,128
168,458
5,663
184,109
**DEPRECIATION**
At 1 October 2024
103,553
153,221
4,986
75,406
Charge for year
14,246
3,807
223
25,391
At 30 September 2025
117,799
157,028
5,209
100,797
**NET BOOK VALUE**
At 30 September 2025
704,329
11,430
454
83,312
At 30 September 2024
718,575
15,237
677
107,515
Fixed assets are included at cost. There are no un-capitalised fixed assets.
Fixed assets, included in the above, which are held under finance leases are as follows:|**DRAFT**
Unrestricted
Restricted
fund
funds
£
£
**TOTAL FUNDS CARRIED FORWARD**
67,332
353,759
**15.**
**TANGIBLE FIXED ASSETS**
Improvements
to
Fixtures
leasehold
Plant and
and
Gym
property
machinery
fittings
equipment
£
£
£
£
**COST**
At 1 October 2024
822,128
168,458
5,663
182,921
Additions
-
-
-
1,188
At 30 September 2025
822,128
168,458
5,663
184,109
**DEPRECIATION**
At 1 October 2024
103,553
153,221
4,986
75,406
Charge for year
14,246
3,807
223
25,391
At 30 September 2025
117,799
157,028
5,209
100,797
**NET BOOK VALUE**
At 30 September 2025
704,329
11,430
454
83,312
At 30 September 2024
718,575
15,237
677
107,515
Fixed assets are included at cost. There are no un-capitalised fixed assets.
Fixed assets, included in the above, which are held under finance leases are as follows:|Total
funds
£|Total
funds
£|
|---|---|---|---|
|||421,091||
|||Totals
£
1,179,170
1,188
1,180,358
337,166
43,667
380,833
799,525
842,004||
||||Gym
equipment|
||**COST**
At 1 October 2024 and
30 September 2025
**DEPRECIATION**
At 1 October 2024
Charge for year
At 30 September 2025
**NET BOOK VALUE**
At 30 September 2025
At 30 September 2024||£
99,417
26,516
19,885
46,401
53,016
72,901|
|**COST**
At 1 October 2024
Additions
At 30 September 2025
**DEPRECIATION**
At 1 October 2024
Charge for year
At 30 September 2025
**NET BOOK VALUE**
At 30 September 2025
At 30 September 2024
Fixed assets are includ
Fixed assets, included i|**DRAFT**
£
£
£
£
822,128
168,458
5,663
182,921
-
-
-
1,188
822,128
168,458
5,663
184,109
103,553
153,221
4,986
75,406
14,246
3,807
223
25,391
117,799
157,028
5,209
100,797
704,329
11,430
454
83,312
718,575
15,237
677
107,515
ed at cost. There are no un-capitalised fixed assets.
n the above, which are held under finance leases are as follows:|£
1,179,170
1,188
1,180,358
337,166
43,667
380,833
799,525
842,004
|
|---|---|---|
|||Gym
equipment|
|||£|
|**COST**|||
|At 1 October 2024 and|||
|30 September 2025||99,417|
|**DEPRECIATION**|||
|At 1 October 2024||26,516|
|Charge for year||19,885|
|At 30 September 2025||46,401|
|**NET BOOK VALUE**|||
|At 30 September 2025||53,016|
|At 30 September 2024||72,901|
Page 22
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
|**DRAFT**
**16.**
**STOCKS**
Stock
**17.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Accrued income
Prepayments
**18.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 20)
Other loans (see note 20)
Finance leases (see note 21)
Trade creditors
Social security and other taxes
VAT
Accrued expenses
Income in advance
**19.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 20)
Other loans (see note 20)
Finance leases (see note 21)
**20.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
NatWest Bounce Back loan
NatWest Business Loan
RVBC loan||
|---|---|
Page 23
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **20. LOANS - continued**
|30.9.25
30.9.24|
|---|
|£
£|
|Amounts falling between one and two years:|
|NatWest Bounce Back loan
-
9,640|
|NatWest Business Loan
11,044
10,147|
|RVBC loan
15,271
14,673|
|26,315
34,460|
|Amounts falling due between two and five years:|
|**DRAFT**
NatWest Business Loan
8,889
19,933
RVBC loan
49,651
47,706
58,540
67,639
Amounts falling due in more than five years:
Repayable by instalments:
RVBC loan
140,921
158,137
The loan terms are as follows:
RVBC loan - This loan has an interest rate of 4.036% p/a and is payable monthly. It was due to be p
twice a year but was later negotiated to be paid monthly.
Due to the pandemic, an 18 mo
repayment holiday was agreed with RVBC but this ended in October 2021 and monthly repayme
have been made since..
This loan is now due to be repaid by 30 September 2037 (previously March 2036).
NatWest Bounce Back Loan - This loan has an interest rate of 2.5% p/a and is payable monthly.
The loan is guaranteed from the UK Government under the Bounce Back Loan Scheme, and is due
be repaid by August 2026.
NatWest Small Business Loan - This loan has an interest rate of 8.5% p/a and is payable monthly.
The loan was used to fund part of the investment in the new gym equipment.
All loan repayments due in the year have been met.|
RVBC loan - This loan has an interest rate of 4.036% p/a and is payable monthly. It was due to be paid twice a year but was later negotiated to be paid monthly. Due to the pandemic, an 18 month repayment holiday was agreed with RVBC but this ended in October 2021 and monthly repayments have been made since..
This loan is now due to be repaid by 30 September 2037 (previously March 2036). NatWest Bounce Back Loan - This loan has an interest rate of 2.5% p/a and is payable monthly. The loan is guaranteed from the UK Government under the Bounce Back Loan Scheme, and is due to be repaid by August 2026. NatWest Small Business Loan - This loan has an interest rate of 8.5% p/a and is payable monthly. The loan was used to fund part of the investment in the new gym equipment. All loan repayments due in the year have been met.
Page 24
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **21. LEASING AGREEMENTS**
Minimum lease payments fall due as follows:
Finance leases 30.9.25 30.9.24 £ £ Gross obligations repayable: Within one year 25,328 25,328 Between one and five years 42,213 67,541 67,541 92,869 Finance charges repayable: Within one year 5,445 5,445 Between one and five years 9,075 14,519 14,520 19,964 Net obligations repayable: Within one year 19,883 19,883 Between one and five years 33,138 53,022 53,021 72,905 Non-cancellable operating leases 30.9.25 30.9.24 £ £ Within one year 3,426 3,426 Between one and five years 6,201 9,627 9,627 13,053
Page 25
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **22. MOVEMENT IN FUNDS**
|**DRAFT**
Net
At
movement
1.10.24
in funds
£
£
**Unrestricted funds**
General fund
67,331
84,579
**Restricted funds**
2015 Refurbishment
214,993
(3,334)
2018 Facility improvements
62,526
(1,815)
Holiday Activities & Food Programme
(HAF)
17,182
2,968
Play and Skills at Teatime Activities
Programme (PASTA)
757
5,776
Creation of a new spinning room
58,302
(1,823)
Parkinson's UK physical activity grant
-
2,925
Sport England - Physical activity for
people with Parkinson's
-
1,724
353,760
6,421
**TOTAL FUNDS**
421,091
91,000
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
914,634
**Restricted funds**
2015 Refurbishment
-
2018 Facility improvements
-
Holiday Activities & Food Programme
(HAF)
96,800
Play and Skills at Teatime Activities
Programme (PASTA)
14,850
Creation of a new spinning room
-
Parkinson's UK physical activity grant
2,925
Sport England - Physical activity for
people with Parkinson's
7,194
121,769
**TOTAL FUNDS**
1,036,403|**DRAFT**
Net
At
movement
1.10.24
in funds
£
£
**Unrestricted funds**
General fund
67,331
84,579
**Restricted funds**
2015 Refurbishment
214,993
(3,334)
2018 Facility improvements
62,526
(1,815)
Holiday Activities & Food Programme
(HAF)
17,182
2,968
Play and Skills at Teatime Activities
Programme (PASTA)
757
5,776
Creation of a new spinning room
58,302
(1,823)
Parkinson's UK physical activity grant
-
2,925
Sport England - Physical activity for
people with Parkinson's
-
1,724
353,760
6,421
**TOTAL FUNDS**
421,091
91,000
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
914,634
**Restricted funds**
2015 Refurbishment
-
2018 Facility improvements
-
Holiday Activities & Food Programme
(HAF)
96,800
Play and Skills at Teatime Activities
Programme (PASTA)
14,850
Creation of a new spinning room
-
Parkinson's UK physical activity grant
2,925
Sport England - Physical activity for
people with Parkinson's
7,194
121,769
**TOTAL FUNDS**
1,036,403|Transfers
between
funds
£
62,024
-
-
622
(1,518)
(56,479)
(2,925)
(1,724)
(62,024)
-
Resources
expended
£
(830,055)
(3,334)
(1,815)
(93,832)
(9,074)
(1,823)
-
(5,470)
(115,348)
(945,403)|At
30.9.25
£
213,934
211,659
60,711
20,772
5,015
-
-
-
298,157
512,091
Movement
in funds
£
84,579
(3,334)
(1,815)
2,968
5,776
(1,823)
2,925
1,724
6,421
91,000|
|---|---|---|---|
|||||
|||||
Page 26
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **22. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**DRAFT**
Net
At
movement
1.10.23
in funds
£
£
**Unrestricted funds**
General fund
57,429
4,127
**Restricted funds**
2015 Refurbishment
218,328
(3,335)
2018 Facility improvements
64,340
(1,814)
Holiday Activities & Food Programme
(HAF)
16,041
(314)
Play and Skills at Teatime Activities
Programme (PASTA)
4,787
(4,682)
Purchase of electric bikes
7,882
-
Creation of a new spinning room
-
58,302
311,378
48,157
**TOTAL FUNDS**
368,807
52,284
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
846,912
**Restricted funds**
2015 Refurbishment
-
2018 Facility improvements
-
Holiday Activities & Food Programme
(HAF)
98,254
Play and Skills at Teatime Activities
Programme (PASTA)
5,000
Creation of a new spinning room
80,000
183,254
**TOTAL FUNDS**
1,030,166|**DRAFT**
Net
At
movement
1.10.23
in funds
£
£
**Unrestricted funds**
General fund
57,429
4,127
**Restricted funds**
2015 Refurbishment
218,328
(3,335)
2018 Facility improvements
64,340
(1,814)
Holiday Activities & Food Programme
(HAF)
16,041
(314)
Play and Skills at Teatime Activities
Programme (PASTA)
4,787
(4,682)
Purchase of electric bikes
7,882
-
Creation of a new spinning room
-
58,302
311,378
48,157
**TOTAL FUNDS**
368,807
52,284
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
846,912
**Restricted funds**
2015 Refurbishment
-
2018 Facility improvements
-
Holiday Activities & Food Programme
(HAF)
98,254
Play and Skills at Teatime Activities
Programme (PASTA)
5,000
Creation of a new spinning room
80,000
183,254
**TOTAL FUNDS**
1,030,166|Transfers
between
funds
£
5,775
-
-
1,455
652
(7,882)
-
(5,775)
-
Resources
expended
£
(842,785)
(3,335)
(1,814)
(98,568)
(9,682)
(21,698)
(135,097)
(977,882)|At
30.9.24
£
67,331
214,993
62,526
17,182
757
-
58,302
353,760
421,091
Movement
in funds
£
4,127
(3,335)
(1,814)
(314)
(4,682)
58,302
48,157
52,284|
|---|---|---|---|
|||||
|||||
Page 27
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **22. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net|Transfers||
|---|---|---|---|---|
||At|movement|between|At|
||1.10.23|in funds|funds|30.9.25|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|57,429|88,706|67,799|213,934|
|**DRAFT**
**Restricted funds**
2015 Refurbishment
218,328
(6,669)
-
2018 Facility improvements
64,340
(3,629)
-
Holiday Activities & Food Programme
(HAF)
16,041
2,654
2,077
Play and Skills at Teatime Activities
Programme (PASTA)
4,787
1,094
(866)
Purchase of electric bikes
7,882
-
(7,882)
Creation of a new spinning room
-
56,479
(56,479)
Parkinson's UK physical activity grant
-
2,925
(2,925)
Sport England - Physical activity for
people with Parkinson's
-
1,724
(1,724)
311,378
54,578
(67,799)
**TOTAL FUNDS**
368,807
143,284
-
A current year 12 months and prior year 12 months combined net movement in funds,
above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
1,761,546
(1,672,840)
**Restricted funds**||||211,659
60,711
20,772
5,015
-
-
-
-
298,157
512,091
included in t
Movement
in funds
£
88,706|
|2015 Refurbishment||-|(6,669)|(6,669)|
|2018 Facility improvements||-|(3,629)|(3,629)|
|Holiday Activities & Food Programme|||||
|(HAF)||195,054|(192,400)|2,654|
|Play and Skills at Teatime Activities|||||
|Programme (PASTA)||19,850|(18,756)|1,094|
|Creation of a new spinning room||80,000|(23,521)|56,479|
|Parkinson's UK physical activity grant||2,925|-|2,925|
|Sport England - Physical activity for|||||
|people with Parkinson's||7,194|(5,470)|1,724|
|||305,023|(250,445)|54,578|
|**TOTAL FUNDS**||2,066,569|(1,923,285)|143,284|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Restricted funds comprises of the following:
Page 28
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **22. MOVEMENT IN FUNDS - continued**
Refurbishment: This grant was received for the refurbishment of the centre. It remains a restricted fund as per the grant agreement. The funds have been spent in full on fixed assets and the balance of £211,659 will be written off over the useful economic life of the asset concerned.
Facility improvement: This grant was received for centre improvements. It remains a restricted fund as per the grant agreement. The funds have been spent in full on fixed assets and the balance of £60,711 will be written off over the useful economic life of the asset concerned.
Holiday activities and food programme (HAF): This grant was received to facilitate the provision of school holiday activities and food programme for school aged children, for the year to 31 March 2026. This grant is restricted per the agreement and the grant period will cease after the 2025 Christmas school holiday. The balance of £20,772 in restricted funds has been used after the year end to fund the provision of activities and food during the 2025 Christmas school holiday.
per the agreement and the grant period will cease after of £20,772 in restricted funds has been used after activities (PASTA): This grant was received to facilitate per the agreement and the grant period will cease on funds has been used after the year end to fund room: This grant was received from Ribble Valley Fund for the creation of a new spinning room. The Programme (HAF) - This transfer relates to the Activities Programme (PASTA) - This transfer covers room - This was treated as a restricted grant but as activity grant - This has been treated as a transfer
Play and skills at teatime activities (PASTA): This grant was received to facilitate the provision of after school activities to children aged 5 to 8.
This grant is restricted per the agreement and the grant period will cease on 31 March 2026. The balance of £5,015 in restricted funds has been used after the year end to fund the provision of these activites up to the cessation of the agreement.
Creation of a new spinning room: This grant was received from Ribble Valley Borough Council as part of the UK Shared Prosperity Fund for the creation of a new spinning room. The grant period ended on 31 March 2025 and has been transferred to general funds.
## **Transfers between funds**
Holiday Activities & Food Programme (HAF) - This transfer relates to the overspend on the grant to 31 March 2025, which has been funded from unrestricted funds.
Play and Skills at Teatime Activities Programme (PASTA) - This transfer covers venue hire and staff costs with no specific split. Creation of a new spinning room - This was treated as a restricted grant but as the grant period ended on 31 March 2025, the asset has been transferred to general funds.
Parkinson's UK physical activity grant - This has been treated as a transfer between funds as the grant money received covers venue hire and staff costs with no specific split.
Sport England - Physical activity grant for people with Parkinson's - This relates to the underspend on the grant which has been used to fund future discounted sessions.
## **23. EMPLOYEE BENEFIT OBLIGATIONS**
At the year end £2,379 of pension contributions was due to be paid over to the pension provider (2024 - £2,518).
Page 29
continued...
**Ribble Valley Sports and Recreation Trading as Roefield Leisure**
**Notes to the Financial Statements - continued for the Year Ended 30 September 2025**
## **24. RELATED PARTY DISCLOSURES**
During the year the trustees paid the charity for gym and sessional membership at market value, and there were no amounts outstanding at the year end.
## **25. ULTIMATE CONTROLLING PARTY**
The charity is controlled by members of the board. No member is entitled to more than one vote.
##
Page 30
## **Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Detailed Statement of Financial Activities for the Year Ended 30 September 2025**
|**DRAFT**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Clitheroe Town Council
**Activities to generate funds**
Aerobics
Vending machines and cafe income
Court hire
Climbing wall
Gym
Sauna
Other income
School
**Investment income**
Deposit account interest
**Charitable activities**
Contracts for services
Grants
**Total incoming resources**
**EXPENDITURE**
**Activities to generate funds**
Wages
Social security
Activity providers
Vending machine and cafe purchases
Equipment and associated repairs
Other fundraising trading costs
Unrecoverable VAT
Alliance Leisure share
**Support costs**
**General overheads**
Wages
Carried forward|30.9.25
£
-
12,500
12,500
3,460
13,175
114,629
-
714,560
2,559
287
16,563
865,233
835
36,066
121,769
157,835
1,036,403
221,895
13,854
87,882
13,258
40,520
31,058
20,695
23,811
452,973
214,173
214,173|30.9.24
£
28,500
12,500|
|---|---|---|
|||41,000
3,478
11,351
109,365
164
628,883
1,482
205
19,307|
|||774,235
1,140
30,537
183,254|
|||213,791|
|||1,030,166
219,213
13,387
89,230
10,656
22,225
30,947
23,761
34,328|
|||443,747
231,387
231,387|
This page does not form part of the statutory financial statements
Page 31
## **Ribble Valley Sports and Recreation Trading as Roefield Leisure**
## **Detailed Statement of Financial Activities for the Year Ended 30 September 2025**
|**DRAFT**
**General overheads**
Brought forward
Social security
Pensions
Premises costs
Telephone
Postage and stationery
Advertising
Sundries
General maintenance
Training
Legal and professional fees
Bank charges
Loan interest
Computer costs
Improvements to leasehold property
depreciation
Plant and machinery depreciation
Fixtures and fittings depreciation
Gym equipment depreciation
(Profit)/loss on sale of tangible fixed assets
Leasing interest
**Governance costs**
Auditors' remuneration
Auditors' remuneration for non audit work
Total resources expended
**Net income**|30.9.25
£
214,173
16,748
8,050
77,681
1,949
6,832
8,278
11,523
30,786
10,932
14,838
3,214
12,274
14,481
14,245
3,807
223
25,391
-
5,445
480,870
4,495
7,065
11,560
945,403
91,000|30.9.24
£
231,387
16,532
8,284
71,070
2,011
6,290
13,912
15,133
43,449
16,064
18,843
3,060
13,837
13,131
12,710
5,195
414
26,639
504
5,445|
|---|---|---|
|||523,910
3,500
6,725|
|||10,225|
|||977,882|
|||52,284|
||||
This page does not form part of the statutory financial statements
Page 32