REGISTERED COMPANY NUMBER: 04809806 {England and Wales) REGISTERED CHARITY NUMBER: 1102460 REPORT OF THE TRUSTEES INCLUDING STRATEGIC REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR MYTIME ACTIVE
YTIME ACTIV CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 202 Page Report of the Trustees, Sncludlng strateglc report 1-14 Referen¢e and admlnl$tratlve delaS1s of the Charltable Company, Its Trusteès and advlsor$ Structure, governance and managemènt Oble¢tSvès and a¢tlvltles Slrateylc report 3-13 Achlevfrment and pèrformance 3.10 Flnantlal rèvlew 10.12 Plans for future peilods 13 Trustees re$pon$lbllltles 14 Report of the Indepèndent audllors 16-18 Consolldated Statèment of Flnanclal Actlvllles Iln¢orporallng an Ih¢ome and Explndlture Ac¢ount) 19 Consolldated Balan¢e Sheet 20 Company Balance Sheet 21 Consolldated Cash Flow Statemont 22 Not¢$ to the Con$olldated Cash Flow Stalèment 23 Notes to the Consolldated Flnanclal Statements 23.43
TIME ACTIVE REPORT OFTHETRUSTEES INCLUDING STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustèes, who are also directors ol the Charltable Company for the purposes ol the Companies Act 2006, present their report, whlch includes Iheli strategic report, with tha consolidated financial statements of the Charitable Company and the Group for the year ended 31 March 2025. The Trustees have adopted the provislons ol the Slalemenl ol Rècommended Practice ISORP) IFRS1021 'Accounling and Reportin9 by Charilles, effective l January 2019, REFERENCE AND ADMINISTRATIVE DETAILS Reglstfrred Company number 04809606 (England and Wales} Reglstered Charlty number 1102460 Reglsterèd ofllct High Elms Golf Course High Elms Road Downe Orpington BR6 7JL Place of Buslness l Head offi¢• Croflon Halls, York Rlse OTplngton BR6 8PR The Charitable Cornpany and Group carriès out ils op8ralions al mulllple slles, For Inforrnallon on thè sltes where the Charitable Company and Group opeiales please visll the Myiime Acllve website at http',Ilwww,myllmeaclive.co.uk, Trustees R J Evans l M Gowan {Chalr} Aoag S Kirkland J King C Douglas C Kettle S Mulhere N Rabbou J Shakéspere J Nickson C Briggs M Crichton Resigned 29 April 2024 Reslgned 25 July 2025 Reslgned 27 June 2025 Appoinled 2 O¢lober 2024 Appointed 2 October 2024 Chlef Exè¢ut5v• J Slanlon Smay Resigned January 2025 Appoinled April 2025 Company Secretary E D¥zazga Auditors Mccabo Ford Williams Building 1083 Cornforth Drive Kenl Science Park Siilingbourne Kent ME9 8PX Sollcltors Blake Morgan Apex Plaza, Forbury Road. Reading. RG11AX Crlpps LLP, 23 Klngs Hill Avènue, Klngs Hill, Kent ME19 4UA Clarkson, Wright and Jakes, Vallanl House, 12 Knoll Rise, Orplnglon, Kent, BR6 OPG Page 1
ME ACTIVE EPORT OF THE TRUSTEES INCLUDING STRATEGIC REPORT FOR THE YEAR ENDED 31 MA CH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The organisalion is a Company limited by guarantee, incorporated on 24 Jne 2003 and registered as a Charity on 3 March 2004, The Charitable Company was established unde¥ a Memorandum ol Assoclallon which established Ihe objecls and powers ol Ihe Charitable Company and Is governed undei Ils Articles ol Association, Recrultment and appolhtment of new trustees In exèrcising Ils powers lo nomlnale, appolnl, rèappolnl, elè¢1, re-elect, approve and dismiss Truslees, thè Trustees shall seek to ensure that the Board comprlses persons wilh a broad range of skllls who are likely lo contributè lo the Charity's SUCCeSS. Subje¢l to the abov8, the London Borough of Bromley may nomlnale lor conslderalion Trustees lor appolnlmenl, Indu¢tlon and tralnlng of hèwtwstees Trustees lollow an Induction and lamlliarlsalion programme as requlred and attend development sesslons lo ensure they havts the knowledge lo ¢arry out their rèsponslbllilies. Organlsatlonal structure The Board ol Trustees of up 1012 people, who meel al least quartéily, have delegated the responslbllity of adminisle¥ing the Charity lo a management team. This management leam up lo 31 March 2025 was made up as follows.. Jason Slanlon Chlel Executive (Resigned January 20251 Nell Whilehand Finance Difeclor Steve May Operations Dlrector (Appointed May 20241; Chlef Executive (Appolnled Aprll 20251 Rhona Mason HR Dlreclor Kelly Stead Commerclal Director Remuneratlon of Kèy Management Personnel The main Board has established a remuneration committee whlch meets annually io review and approvè the setting of 8xeculive pay. Worklng Partner$hSps The Charitable Company has a close rèlallonship wilh all the local authori8$, who contract the company to operate lelsure, goll and Heallh sèNlces across the couThlry. Related partles The Charllable Company owns100% of the ordlnary issued share capllal of Mytimè Enterprise5 Llmlled. Mytime Acllve has taken advantage of the 6xemplion afforded under paragraph 33-1A ol FRS102 regarding disclosurè ol transactions and balances with ils wholly owned subsidlary, Mytime Enlerprlstss Limiléd, when preparfng these linanGial stalemenls. Rlsk management The Trustees recognise risk management as one ol Ih81r key responsibllillès. Rlsks are identified and recorded in the Charitable Company's risk reglsler together wilh the controls and actions designed lo mlligale them. Identified risks are revlewed quarterly and appropriate action taken where necèssary. Page 2
YTIME ACTIVE REPORT OF THE TRUSTEES INCLUDING STRATEGIC REPORT FOR THEYEAR ENDED 31 MARCH 2025 OBJECTIVES AND AIMS The objects of the Charitable Company are., To provlde 01 asslsl in the provlslon ol lacllllles and setvlces for the benefll ol the ¢ommunity lor rècreational, sportlng or other lelsure lime o¢cupalioN in the interests of social wellaTe, such facllilies belng provided to the public al large save thal speclal facilities may be provided for persons who by reason ol their youth, age, inllrmity or disabllity, povèrty or social or economlc clrcumslances may have need of special facilllles and seNices' andlor To promotè and preserve good health, healthy Ilvlng and well-belng., andlor To advance public education by the encouragemenl ol culluiè and thè arls; andlor To promole and advance the educalion of Ihe publ1¢ al large in the advantages ol healthy and acllve lilestyles Including Ihe benelll of a balanced di61,' andlor To provide supporl servlces relating lo the above. andlor To provlde consultancy, support services and advice to public, sportlng and chariiabl6 organlsalion$; andloT To carry out such olhef charilable purposes beneficial lo the communily conslslent wilh the objects above as the Trustees shall in thèir absolute discrellon determine. The Tfustees conllrm that Ih8y havè complied wllh Ihe duty In Sectlon17151 of the Charllles Act 2011 to have due regard lo the Charity Commlsslon's general guidance on publlc benelll. The Trustees have relefred to the guldance in the Charity Commisslon's general guidancè on publlc benelll when reviewlng our alm$ and obleclives and in planning our lulure aclivliles. In particular, thè Trustees conslder how planned aclivilies wlll contribut8 lo the alms and oble¢llves they have sel. The benelil lo the publi¢ of the ¢ompany achleving ils alms is in ¢onl(Ibuling lo th8 recreatton, leisure and Heallh seNices ol the ¢ornmunity. STRATEGIC REPORT ACHIEVEMENT AND PERFORMANCE Chalr and CEO statement STRATEGY In 2023 we publishèd our lhree.yèar slralegy, Ourwhy, How and What lo 2026 and Béyond, whlch we summarise below'.- Our Why7- get more out of Ill¢1 Our Strategy is based on our simple core belief., we want everyone lo Gèl More out ol life and in turn improve the wellbeing of Ihe communilles in which we operate. For us Ihal means belng activè, exerclslng and eating well, as well as feeling positive and belng part of good social networks. All ol Ihls conlribules lo a feeling of wellbelng and lo us all living longer, heallhier and happler lives. #Mltsslonwellbelng Our HOW7- the Integrated approach We will operate an inlegraled approach, whlch wlll enable oui mgmbers lo access all our seNiceg al all poinls of conla¢l, eilh6r In person or dlgllally Ihrough our Wellbeing Hubs, The Wellbelng Hub, purpose Is lo provide $pport and guldance lo all our members by ensuring they ale signposted lo one of our programmes and services that Is most suiled to Improving Ihelr physlcal and menlal health, Our WHAT?- what wt offer, Our Produc1$, SeNl¢es and Facllllles We will dellveT programmes and produels based on drivlng community wellbelng. Wher6ver possible our programmes are tailored lo maxlmlse the impact they hav6 on our members wellbeing through our four pathways.. belng actlve, eatlng well, thlnklng po8lllvely and belng together. strategy update We havè now completed yeais ol the above strategy and ale moving onto the Ihlrd and final year, which will Include settlng Ihe lulure strategy wllh our leam and stakeholders. There are many examples ol how we are achievlng Ihls, however Ihis Is an ongoing lourney to ensure consistency across all products wllhin the charity. A greal example is demonslraled below.. Page 3
YTIME ACTIVE REPORT OFTHE TRUSTEES INCLUDING STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT ACHIEVEMENT AND PERFORMANCE Icontlnuedl Chalr and CEO statement Icontlnuedl Be A¢tlve'. this is a¢hleved through Ihe activity ilsell Eat Well.. after the lesson, healthy options are available lo help In maklng an Informed cholce Be Posltlve: we seek lo celebrate pubSiely tho chlld's achlevemenl on Ihe suceesslul ¢omplelion ol each stago of the PfO9ramme Be Togèther., the child has madè Iriends during Ihe prograrnme, and wo seek lo build on the soelal element of Ihe programme by inviting Ihe whole swimming lesson allendees lo regular social evenls, This reinloTces 2nd aGknowledges the relationships that have been bulll through the programmes An èxample ol how our strategy is delivering relales lo a program to make goll morè accessible Ihls year. Over 50 Black Mens clubs1050BMCI. Be Actlve: This group has been Idènlllled by Publlc Health England as a high.rlsk cohort, wllh health concerns Iraglcally Ilnked lo loneliness and limitèd integration into UK soclety. In partnership wilh Public Health, we inlroduced goll and table lennls sessions designed lo brlng indivlduals liom this group together, These sesslons havè helped ¢hallenge the perception that golf clubs aTè exclusive or inaccessible spacès. Instead, particlpanls have found opportunli(es lo inlegrale, socialise. and enjoy themselves all whlle engaging in 4-5 hours ol beneficial physical aelivity. Eat Well.. Bèlore and after golf, and during lable tennis a range ol nulrilional olferings arg available lo support the programme Be Poslllve: By th6 nature ol Ihe aellvity a positiv8 vlbe Is geneialed. Thls Is belng re.enforced wilh soclal medla encouragemenl and championing ol those developing Ihelr skllls and participallng regularly. Be TogÈthor,' The enllre toncepl ol Ihe piogramme Is aboul removlng Ssolalion and encouraging Ihls cohort lo soclallse wllh other like.mlnded Individuals and to meel more people, often not ffom thè same backgro(Fnd. Our work conllnues with the Inlegraled Care Board, One BToml8y and the public heallh teams lo conllnue lo work as part of the whole system approach to improvlng the Iwes ol our local iesidenls. Th1$ Includes our vilal 5 hèalth checks and hèalth hub managem&nl In the Glades shopplng Centre. We have three major organlsalional goals. 1. Improve the Wellbelng In Our Core Communllies Imembtrs Personal Wellbelng Factor 1$ >5% than Non.MÈmbers} We know that improving wèllbelng In our core communities is one of the m051 lrnportanl measures of our success.11'5 not lust about iecoTdlng numbers, bul also understanding how people are feeling. By lislenlng lo people's own experien¢es and Iracking change over Ume, we can give our customers, partners, and commissioners coThfldenGe Ihal whal we do genuinely improves people's lives,11 also helps us focus our ener9y and resources wherè Ihey have the greatest impael. To understand and track this, we use the personal wellbeing measure developed by the Offlce lor Nallonal Slallslics four slmple sell-reported qutssllons that allow us lo compare our ie5ulls with national and iegional trends, as well as across our own members and programme$. In 2024125, wè saw 8ncouraglng improvements.. Our people Ileam members) reported a hlgher sensè of wellbelng, rlslng from 6,8810 7.38. Blrmlngham subs¢rlb8d members Improved from 6.8710 7.15. Bromley 8ubs¢rlbed mombers remalned slrong, Increaslng sllghlly from 7.2610 7.27. One clèar insight is Ihal regular partl¢lpallon matt¢rs. Casual useis dld not see Ihe same growlh In wellbelng as regular members, Telnforclng the Powerful Ilnk b8lwèen consislenl enuagem8nl In our cenlres and leellng happier, healthier, and more connecled. 2. Employee Engagement S¢or¢ (ln the Upper Quartlle, wlth a s¢orn of 751 Our Wellbeing Mlssion Is cenlred on our members, which Is imposslble lo deliver wilhoul our teams being lully èngaged and leellng that thèy arts playing an integral role in achleving our Mlssion. In a sector wllh generally low pay and high lurnover, our Mlssion is lo attract and relain greal employees who want lo be part of our Journey and are inspired by our Misslon. We wlll continue lo mon51or employee engagement Ihrough regular Independent anonymous suNeys. We finished Ihe year wllh an engagement s¢ore 0140,3, Ihls is up Ifom 20 al the end of laslyear. We accept there is more lo do and we are carryoul slaff consullallons lo beller undeisland the reasons why. Page 4
YTIME ACTIVE REPORT OFTHE TRUSTEES INCLUDING STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT ACHIEVEMENT AND PERFORMANCE {contlnuedl Chalr and CEO statement Iconllnuedl Social Value Icontlnued) 3. Dellver a Sustalnable EBITDA (Between £1.2m to £1.5ml As a social enlerprlse and registered chaiity, we need to ensure our linance5 are strong and susl8inable, We see our challenge as being ablè lo malnlain our EBITDA al a sustainable level during a peTiod of challenge and consolldallon, We remaln focused on making Ihe exlsllng business secure, growlng organlcally and prolilably, whilst manaying Ihe lisks ol those contracts or siles, whlch are scheduled lo explre, ¢lose or be redevelopèd. For 24125 we achieved an EBITDA of £933,899 ACHIEVEMENTS and PERFORMANCE Soclal Value As partol our mission lo imprové Ihe wellbelng of all the communities we seNè, we continue lo work with a wide range ol local, reglonal and national organisalions and thaiilies to Increase our reach and ensure our facilities and programmes are appropriate and accesslbl&. To Increase our Impact on Improwng wellbeing we secured over £230k ol exleTnal lundlnu to support the dellvery of several prolecls, Including thè One Bromley Wellbelng Hub, Vital 5 Health Checks, Aqua Aclive IOT people with dlsabililies, Primelime Community and ArlsTraln, Thls included new and extend6d partnerships w51h the local inlegraled health board. Delalls of some ol the programme8 we offered during the year arg highllghted below. We continue lo deliver a lange ol health programmes, includlng Heartsmart, Fresh Start and Escape Paln for people who are Inacllve and who have a range of medi¢al conditions, Including heart falluie, cancer and diabetes, During the year we had over 1,100 people with health conditions referred lo Heartsmart or Fresh Slartfiom 72 dlflerent healthcare organisalions, Particlpanls completing Heartsmart and Fresh Slari had signlllcantmean decreases in blood Pfessure and had increased Iheir physlcal activity levels. We continue to work with One Bromley, tho Local CaTe Partnership lo manage thè Wellbeing Hub In the Glades shopping cenlie and offer Vilal 5 Health cheeks Ihrough our speclally Iralned Exercise Speclalisls. The Hub is a one slop shop for1Sfestyle advice, at)d through the Ifee V51315 Heallh checks we aim lo la¢kle the 5.leadlng courses ol poor health in 8romley- blood pressure, aleohol use, smoking, menlal health, and nulrlllon I healthy weight, The contract was exl6nded for a lurtheT12 rnonlhs from Aprll 25, Having worked closely with Bromley Coun¢ll lo install two new Changlng Places for people with complex needs and disabililles In 2024 al Pavlllon and Biggln Hlll, we su¢cesslully bid to London Marathon Foundation to enhance the offeiing al these locations lo dellver Ihe Aqua Acllve project. Wilh Ihe fundlng we purchased specialist Aquaisll wheelchaifs, Iloalalion equSpment and offered people with disabilllles free access to Biggin Hlll Pool and the Pavlllon leisure pool, Over150 people regisleied lo lake part In Ihe Aqua Acilve project. Wè delivered the second yearof our Ihree-y&arArts Council England funded ArtsTrain, ArtsTrain is ourciealive muslc progfamm& lor young people, whith Is delivered In several schools and ¢ommunity organisalions in Bromley and Bèxley. Highlights include.. our w66kly ArtsTrain Academy sessions delivored at the Chuichlll Theatre in Bromley and the Exchange in Bèxley and annual performances by our Academy young people al the London Jazz Fesllval. ArlsTrain tonllnues lo be dellvered In schools and in partnershlp with community groups across Bromley and Bexley, with a locus this year on delivering lo young people In youih ¢enlre selllngs. Page 5
MYTIMEACT VE REPORT OF THE TRUSTEES INCLUDING STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT ACHIEVEMENT AND PERFORMANCE {¢ontlnuèdl Chalr and CEO statement {conllnuedl Social Value {contlnued) OURI T.ZQ24- mytimeacliye. artstrai Wc wlih 188 202 romloy gfKItsv WFth 23 40% Feedbaek Our young people soy,.. 'I'm ootClul tot tli ",{ 01 who topoilodèn l etsuld mvSlG 77/. 77/ ConLynQ¢ ond 79°A 69/. "Iw niony ITlghO•. ¢onnoclod wl%h rnttny v...It'• Colltsbopolion knovil?dgq bolno vp hyro lon siopol ond mokos Wohl to ARTS COUNCIL INGLAND Primelimo Is our programmè of activities lor older peopl8, 60 years plus. The Pilmelime Team has successfully luggled the management and delivery ol our Cofe Pfimelime programme. We deliver over 90 weokty Prlmellme activities and have over 2,500 Primeliine members allending, as well as many more people who pay as Ihey go lor Ihelr sesslons. Through Ihe Prlmelime community project, we have given talks and lasler exerclse sessions lo a range ol organisallons, Including well.being ¢ales and dementia hubs across the Borough, dellvered weekly exerclse classes lo a group ol iesidenls In Moitingham and sel up 4 weekly low.inlensity I sealed cornmunily group exerclse sessions In Wesl Wickham and Orpinglon. In addition, we have offered older people who are inactive, new lo P(Imelime and who slarl lo attend the Prlmelime communlty Classes an 8.week Iiee membershlp. This meinbership allows people lo attend not only the cominunily Primellme Glasses bul gives access lo the lull Prlmelime programine, Once Iliey have bulll their conlldence al the community classes,11)ey can attend any ol our group exerclse sessions al our lelsiire cenlres and l or go lo lh8 gym or have a swim. Over the 5 moi)Ihs ol deliverlng Ihe community project, 100 people have reglslered lor the Iree membersl)Ip. Our 20+ Primelime Buddies continued lo volunleeT Ihelr Ilme lo welcom6 and suppori old81 people who are new lo exerclse and to Primelirne, In addition, they support lis looffèr Ilghlrelieshmenls alcommunlty classes, whlch glves vllal Ilme forour Prlmelime partlclpants lo soclallse. Al11)e olhei end ol11)è age spectrum, we coiiliiiued lo offer an exlenslv8 weekly swimmlng lesson programmo loi bable5 ai)d children. In addition, we conllnued our woik in paitnership with Bromley Chlldren and Families Foriim lo offer weekly free swlmmlng lessons lor young mums and their bablès. Tl)e lessons have been promoted vla the Family Nurse Partnershlp, Ihe Broinloy Council Care Leavers leain, Women's Aid and Ihe children's cei)Ires, Pa9e 6
MYTIME ACTIVE REPORT OF THE TRUSTEES INCLUDING STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRATEG C REPORT ACHIEVEMENT AND PERFORMANCE {contlnuedl Chalr and CEO statement l¢onllnuedl Overseen by our Myclub Coordinalor, we conllnued lo deliver a weekly Myclub programme ol activities for young people and adiills wlll) dlsabllllies. Tlie CooTdlnalor ensures the prograM1e remalns relevanl and effective. The 8 weekly Myclub sessloi)s are dellveTed across three facililles, wllh aclivilies Including10-pln bowllng, dance, mulli.sporls, Zumba and goll. Feedback ffom cuslorners and carers continues lo be extremely posllive. We have slarted dlscusslons wilh the Bromley Mencap team to delermlnelr and how we can support Ihem wllh Ihe dellvery ol Ihelr new 51rale9y, We have worked closely wllh Clarlon Housing Communlty leam and Bromley Youlh Support Programme leam lo offer Iree aclivllles lo youi)g people who a116nd youth support prograinmes across the Borough. In lolal we delivered 5 swimmlng sesslons, a tèn-pin bowling session and a gym sesslon, The feedback Irom the young people was so posllive we have subinilled a lundlng appllcallon lo KTR lo ènable us lo offer10 more free activity evenii)gs. KTR are a ¢ommunlty soclal lund largellng groups that are engaged In sports and physical acllvllies across all ages wllhln Bromley area. Over Ihe14nancial year, Myume Active was proud lo support Team Bromlay enter thè London Youth Games. Durlng 9 months of competition, 30 volunleer Team Managers supported Team Bromley enirles across 32 competitions in 18 dlNerenl sports. We linish8d the season as overall winners of the Jubilee Trophy, ahead on polnls ol all the olher 32 London Boroughs, We marked Team Bromley's success wilh a celebralloi) evenl al the Pavilion Leisui'e Cenlrts, where WÈ Ihanked all team mai)agers and partlclpanls lor Ihèlr conlrlbulion towards Ihe viclory, The examples above are lust a snapshot ol our largeled inleNenlions. Alongslde11)ese, we also leach mor8 than 5,000 childrèn lo swim each week and work closely wilh local schools lo deliver currlculum swimmli)g. In addition, w8 SUPPOrt a Ihriving MmUnity with over 14,000 lelsure members, nèarly 2,000 goll members, thousands ol children allèndlng our 5011 play areas and aclivlly ¢lubs, and a group oxercise programme that brings soGlal aclivity lo around 8,000 people every week, More detail on Ihls can b& lound in Ihè Activities and Memberships seclioTr below. By using ali Induslry recognlsed soclal value calculaloT, we can highlight Ihe monelary value Ihal our activilles make to our local ommunllles from a social, physlcal and mental health perspective, leadlng lo savings in health and soGlal care costs. The soclal value Is Independently calculated by 4 Global based Upon a recognlsed model supplled by Sheffield Hallam University, We were able lo value our social value In 2024125 al £15m, a deciea5e 01 £2m on the prevlous y8ar due io the closure ol West Wickham IFebruary 241 and Walnuts Lalsure Cenlfès (December 241. Mytime Active I w• ar• paislun4ir• oboul SUPPOrflng our lo¢frl Evmmumlty. Qur foEy• l¥ on lrnpiovlng •¥•i&Jll w•llb•lng tliitsMyh phyglcal •etl¥lty. h•allhl•r ¢h"oT¢••, b¥lldln4 oonlldeno•. ••lf-•¥l•¢m. •nd formlng fTl•nd•hlps. £103 £110 ol sool•l ¥ffjltl• wa• g•n•r#10d •V•ry PW•Dll 4•lng Myllfflv A¢tlv•'• £4 mllllon • £837.706 O¥or E4 rrfiilrDn saving8 were contrlbuitd ¢ro$* phygfcol thThd.'mBAl•l he¥lih eondltlons S(>ttlal v¥lue ptri tslle £1 mlllion volg1 ¥ol ffyi tsY¢r ti miiiion Gty¥ed ITro091G Kg(Myl Actlvltles & Membershlp Membership growth and 9eneral acllvllles were Impacted by the closiire of the Wesl Wlckhain Lelsiire Cenlre in February 2024, Ihe closure of the Walniils Leisure Centre in December 2024 and Ihe InGreaslngly unpredlclable weather adversely affected our abllity lo open our goll Gouisos Ihroughoul 24125. As a result we c105ed the year wlll) 14,162 Leisure membèrships and 1,945 Goll Membershlps, a fall 015% and 8Yo respecllvely from Ihe prior year. These exlernal factors were oiilslde ol our control, bill we sought lo mlnlmlse Iheli Impact through proactive Ii)ili8live5 and member benefits. Page 7
YTIME ACT VE REPORT OF THE TRUSTEES INCLUDING STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT ACHIEVEMENT AND PERFORMANCE Icontlnuedl Chalr and CEO statement Icontlnuedl Acllvllles & Membershlp Icontlnuedl One èxample ol Iliese iniliallves was Ihè Ifansforrnallon of Crollon Halls Inlo a Sports Centre lo accoinmodale our Walnvls customers lollowlng the ¢enlres closuie, The Inlroduclion ol a bospoke priclng sliiiclure designed lo encourage loyalty Ihroughoul the works from exisling customers and new members, with a coirespondlng price point Ihal matches the reduced producl oNei. There were1,040,817 (based on number ol swipes by cuslomer} vislls lo oui Leisure Cenlres despite these closures, evldenclng how Important these spaces are lo our local communilies. Millgaling wealher risk to membership is more complex in goll with the primary aclion being lo wealher-pioof Ihe siles, which is 8xlremely expensive. To do so and recover Ihe investment would mean we would have lo increase our prices lo a level Ihal would exclude many of our exisling members and go againsl our mission lo be an accessible golf provider. To suppoil siles, we are making improvements lo diveisify our services, by allracling other groups and the wider public. We Invested in new greenkeeping equipment lo improve the COTe product, introduced a new membershlp category for 2141 year olds lo reflect Ihe ¢hanglng economlc circumstances ol Mlllennials and lo Improve access and ullllzallon. The new membership offerlngs have driven the average age of golfers down by 4% Iiom 56 in 2312410 54 in 24125 202d12025 202312024 4TrL rA We coiillnue lo see the benefil of dlgilal innovation and a nimbler approach lo pricing vilh over1.6 mlllioii bookings in our core products of goll aiid leisure, excluding block bookings, events and pailies. Group exercise continues lo play an Iiilegial parl in customer loyally. We undeisland the impact of soclal exeiclse as il dellveis 3 of our pathways to well-belng, #BeTo9lher #BePosilive #BeAclive. We programmed and deliveied over 21,000 group exercise classes, up Iiom 19,500 last yeai, whlch iesulled in cuslomeis parliclpaling 433,083 Ilmes. These classes rang& from health inleivenlion lo high-impact performance. Page 8
TIME ACTIVE REPORT OF THE TRUSTEES INCLUDING STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRATEG C REPORT ACHIEVEMENT AND PERFORMANCE Icontlnuedl Chalr and CEO statèment Iconllnued) Slakeholdèrs London Borough ol Bromley Our long-standing partnership wilh Ihe London Borough ol Bromley continues lo deliver slgnilicanl benefits lor the local community. Recenl highlights Include the redevelopment of both the Walnuts and West Wickham leisure cenlres. Weslwickham Lelsure Centre was loreed lo close abruptly due lo slruclural issues al the beglnning of 24. Since Ihen, we have worked 10$8ly with Council Officers lo design a new, modern facllity. We are confident Ihal the plans now submllled lor approval wlll provide an oulslanding resource that meels the fulure needs of the communlty. The cenlre Is expected to open in 2028 The Walnuts Lelsure Centre is scheduled lo reopen In early 2026 lollowlng a major partial relurblshrnenl, While not as exlenslve as the redevelopment al Wesl Wickham, the works will deliver a much.Improved customer experience. Key areas of Ihe centre are belng modernised, and all essential eloclrical and me¢hanlcal systems are belng lulty replaced lo ensure long.lerm efflclency and suslainablllty. Blrmlngham city Councll Our partnership with Birmingham Clty Council began In 2012 and encompasses the operation of seven goll and leisure venues. These facilllltss play an irnportanl role in supporting Blrmlngham's golllng Community whlle also broadenlng access lo new audien¢os, A core focus of the partnershlp Is dlversili¢allon-offeTing more ways lor people lo be aclive, improve Ihelr health, and enjoy the benelll$ of goll and lelsure. One of the seven venues Is currently closed while delalled soil and lopographlcal $UfVèyS are undertaken. Oncè complete, Ihis sile will be Iransforrned into a new enlry.level goll and leisure venue, expanding opportunities lor participallon al every level. Nèw Forest D18trl¢t Councll Slnce 2012 we have also proudly operated Dlbden Golf Centre on b9hall of New Forest Dlslrlcl Councll. Thls hlghly r8garded venu8 Includes an 18-hole coursè, a 9-hole academy course, drivlng fange, simulators, and a funcllon suite. In 2024 we introduced wiu) a Ihlrd paty new practice simulalors, enabling gollers lo play year.round-8ven diiring pèrlods of pool weather. Alongside Ihis, exlenslve drainage Improvements were completed, which helped the course remain open throughout more ol the winter Season of 2024125 than èver before. These developments strengthen Dlbden's repulallon as a flrst-class communlty golfing desllnalion. Our People Our'People Slralegy, nIInueS lo guide how we create a workplace where our péople fe81 valued, insplred and supported lo do their best every day. Over the past year, we have bulll on Ihls ¢ommilmenl through a rangè ol new inilialiv6s designed lo enhanGe th8 employee expèrlence al every stage ol the journey. We launched our new Employee Experience and CareeT Pathways, glvlng colleagues clearer routes lor development and progression wllhln ihe trust. To support nèw slarlers, we Introduced a New Re¢rvlls SuNèy, helping us gather feedback and continually improve our onboarding process. Our senior management team has taken an active role in understanding the day.lo-day rèalllies ol tollèauues by undertaking a lob shadowing program, ensuring Ihal the volces and experiences of Ihose In fronlllne and support roles help shape our decisions. We have also designed a new Work Experlence Program lo open up opportunities lor lulure lalenl, and as a thank you lor everyon6'S conlrlbutlon, Chflslmas vouchers were issued to all staff, We tontlnue lo listen and acl on feedback through regular meetings wllh oui Employee Consultative Commiiteè, ensuring our people remaln al the heart of what we do. Together, these actions demonslrale our ongoing commllmenl to maklng Ihls a place where people feel Involved, appreciatèd and empowered to deliver an exceptional service lo our members, We remaln dedicated to buildlng on Ihls prog¥ess In the year ahead, ensuring our people have every opportunity lo thrive. Thls year we implemented a rtew HR system, designed lo provlde a more cosl-effe¢live and reliable solullon lor managlng our workforce. The new system enables colleagues lo sell-serve and access information when they need it, while givlng managers better tools and accurate dala lo support people management, workforce planning and payioll. Once fully embeddèd, the syslem will improve efficlency, reduce the HR adminlslrallvè workload and slfenglhen eonlidence In ieporting. Overall, Ihis change not only delivers a beller pxperlence lor ouf people bul also supports the Irusl in being more aglle and responsive, whlle reallslng cost savings in both syslern costs and payroll processlng. Page 9
YT E ACTIVE REPORT OF THE TRUSTEES INCLUDING STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT ACHIEVEMENT AND PERFORMANCE Green Agenda We are dedicated lo maklng a posilfve impacl on the environment, flrslly by undeislaAdlng our Impact, then by reduclng our demand upon il and Ilnally by laklng measures that improve it, Our learn, alongside our members, have beeTh working dillgenlly to conlribule lo a suslalnable future. Despile the challenges posed by the cuirenl energy ciisls, we remaln sleadlasl in our commitment to our long- lèrm vlsion of achleving carbon neutrality by 2050, In allgnmenlwllh the UK target. To ensure we slay on track, w6 have submllled OUT Enèrgy Savings Opporiunlty Scheme documeniallon to central govemment whlch defines clèar areas lor focus. Energy and Water Usage Monilorlng oui energy and water consumplion remains a key priority In reduclng unnecessary usage and Improving suslalnability. Thls not only Involves regular revlew of consumpllon palterns lo Identify limes when systems can be powered down, bul also Investment in modern, efficient equlpmenl Ihal offers grèater control and precision, By Comblnlng carelul monlloring wllh largeled upgrades, we are able lo minimlsè waste, reduce our environmenlal impacl, and deliver long-term cost savings. Our approach ensures Ihal energy and waler are used only when and wh&re they arè needed, supporllny bolh oui 8nviionmenlal commllments and our operational efflclency Transltlon to Eléctrlc Vehl¢les While a full Iranslllon to eleclrl¢ vehicles has nol yel been posslble, we have reduced the number ol leased vehlcles In use and encouraged learns lo carefully consider and minimise Iravel beeen venues, The grealesl demand In this area comes from Ihe machinery required lo malnlain OUT goll courses. Our goll buggles are now fully electric, marklng a posllive slep towards reduclng &mlssions. However, the wider maikel Is not yet ready lor a complete switch lo electric greenkeeplng machinery. Al present, Industry suppliers do nol offer a full range of eleclrlc equipment Ihal can deliver the robustness. rellabillty, and performance required lo malnlaln our courses to the necessary slandard. We remain commltted lo monllorlng advancements In eleclrlc and low.carbon technology and wlll adopt sullable machlnery and vehicles as soon as Ihe market provides viable, hlgh-performance solullons. In the meanllme, we conllnue lo explore Inlerlm measures ihal reduce our carbon loolprlnt whlle mainlalnlng the quality and safety of our operations. Dlgltal Tran$formatlon We ar6 continuing ourjourneyffom paper-based syslems lo digllal platloTms, wllh the hvin goals ol redu¢ing papeiwasle and Improving OPèTallonal efficiency. Throughout Ihls Iransilion, we remain mindful of those who are not digllally enabled, ènsuring that we do nol create barriers lor èither our leam or the communllies we serve, Enèrgy EfflcSen¢y Improvements When equlpmenl such as boilers or Alr Handling Unlls reach Ihelr ènd ol life, the procuiemenl process lakes into account Ihe need to replace wllh the rnosl energy efficienl options available. A new Boll8r System has been inslalled al Dibden, rèmoving the need lor gas lo heal the system. Our new cenlre's, Walnuts and Wesl Wickham wlll use the lalesl technology lo Improve efflclency and reduce our carbon, Waste Reductlon and R•¢ycllng Team members were all gifted a Mytime Activè branded reusable ¢up and issued wllh Ihe requirèment lo no lon9er use single use cups. Customers are encouraged lo not ulilise slngle use cups whenever possible. The transfer lo further dlgltal plattorms plays an Important part In nol geneTailng the waste Ihal mlghl need recycllng. Wilhln our Food and Beverage op8rallons we are Investigating wllh the Inlenlion of rolling out in 2025-26 food recycllng schemes. FINANCIAL REVIEW Income and expendlture Myilme Active reporied a nel dellcll in the year (before acluarlal gains I losses} of É0.057m12023124 surplus of £0.9ml, as we experienced a chall8nging year across our business. The bu51noss recorded a fall In Income lo £23.2m1£25.4m 20231241, due lo the Closure of West Wickh8rn in February 24 and Walnuts Sn January 2025. Services were Iransilioned lo other siles, and we retained members from both cenlf85, bul we did expèrience lower l&vels ol revenue than In the prior year. Total expenditure decreased from E24,5m lo £23,2m, a decrease in costs of £1.3m15Y.I, Management have worked diligently on controlling costs across the business and several supplies were renegotiated lo ensuie value for money, The impact has been lo reduce the yeai-on-y&ar increase Sn operallng cosls and help keep increases lo a modest level, Page 10
MYTIME ACT VE REPORT OF THE TRUSTEES INCLUDING STRATEGIC REPOR FOR THEYEAR ENDED 31 MARCH 2025 STRATEGIC REPORT FINANCIAL REVIEW Key Performance Indl¢ators 24125 63,520 47¥0 23124 69,513 45Yo Average revenue per day £ Staff costs as a % Revenue EBITDA as a % Revenue Cashflow cover Return on Capital Employed -0.9% 14% Investment Level ol Inveslmenls remain reslricled due lo the closure ol Wesl Wickham and Walhuls. The Irusl had lo make dSNlcull declslons during the year lo ensufe IndS remained available lo cover Ihe period of closure and provlde funds lor each sile5 equlpmenl and lil out, In spile ol these resl¥iclions, we were able lo Invest £1.6m123124 £462kl, with the printlpal investments made al the Spa on a ieluiblshed gym and èxèrclse sludios1È415kl, new greenkeeping equipment In the midlands1£656k} and relufbished Crofton and Dariick Wood1£125kl as parl ol our Ifansilion program. Elsewhere across our leisure and goll eslale we Improved ac¢esslblllty, security, heating and bulldlng controls, replaced pool fillers and kilchen equlpmenl, Our digital Inliaslfucluie received new Investment in combatting the risk ol ¢ybÈT-trlme through enhanced cyber s8¢urlty and we replaced old and underperformlng equlpmentto support th& growih in our use of dlgllal services and aulomalion. The capllal expenditure durlng the year lo 31 March 2025 wa$ as follows; Company (note 141 £ Improvements to property Equlpment, plant & fittlngs Computer Equi metit Total Purchased £124k £1,356k £86k £1,566k The Charftable Cornpany uses availablè resewes lo r8lnvesl back Inlo Ihe seNi¢e and fa¢llllles, These investments are key lo gaining future business success and ensuring customers conllnue lo receive seNices al a quality and priGÈ Ihal meets Ihelr growing expeclallons. Since the Charitable Company began In 2004 more than £29.4m127.8 + 1,61 has been invested Into our fac115ties lo dale. Dlgltal Over the past financial ye0r (April 2024- March 20251, Mytime Acllv6 has made conslderable slrldes In enhan¢lng out cybersecurlty and modernlslng our IT infraslruclure. A key achievement was the successful ¢omplelion ol the formal Cyber Essenllals certilieation process. Working closely with our IT partner, Lanmark, we addressed several ciilical security gaps, alignlng oursyslems and processès wllh the core Cyber Essenlials requlremenls. This Included implemenllng a wide range ol lechnlcal saleguards as well as the adopllon ol new internal policies lo ensure compliance. These foundational changes have signilicanily strengthened our resilience lo cyber Ihieals and allowed for a smooth and successful certlficalion. One of Ihe most impactlvl dovelopmer¢ts has been the deployment of Mlcrosoft Inlune across all corporale-owned Windows devi¢9S. Through Ihls platform, wè now cenlfally manage conliguralions and Complian pollcies, Including antivirus, BilLocker encrypllon, fiiewall conlrols, and operating system updates. All live Mylime Active Pcs are lully enrolled and Gomplianl wllhin Inlunè, enabled by the Implementation of Hybrld Join, which allows lor automated device onboardlng, In addition, we introduced sell.seNice password iesel functionality lor users and removed password expiry policies in Ilne with updated best practicès lor account security. To support a more flexlble worklng model lo benelll Staff, we lomialised and Implèmented a Bring Your Own Devlce IBYODI policy. Personal devicès can now be securely enrolled wllh Inlune, with clearly deflned expeclalions lor compliance. Conditional Access policies were enabled once all corporale devices achieved ¢ompllance, ensuring that only trusted and secure devlces ¢an aeSS organisational syslems. Addillonal enhancements were also made beyond the orlglnal scope ol the security prolecl, lo further improve overall security, Thls Included slienglhening our Point ol Sale IPOS) systems lo allgn with Cyber Essentials standards and slrenglhened our Wireless neiwork to reduce U)8 iisk of attack. Page11
YTIME ACTIV REPORT OF THE TRUSTEES INCLUDING STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT FINANCIAL REVIEW Ove¥all, the work carried out thls year has not only ensured compliance bul also laid Ihe groundwork IOT a more secure, efficlenl, and scalable IT enOnment. These Improvemenls support both day-lo-day operations and long-lerm digilal slralegy across the Irusl. App Development In September 2024, the member app was upgraded lo align with updaled brand guidelinès, Improved user 6xperlen¢o and adminislrative efficlency. The app re¢elved a new look and feel, Includlng dislln¢l designs lor lelsure and goll, ¢realing more producl.approprial& experiences for each audience. To Improve useT èxperience, the upgrade inlroduGed aulomaled push nolilicabons lor Class remindèrs lo support attendance, a more slieamllned user journey, and Ihe Inlegrallon of the Mwime Acllve chalbol lor real-llme assistance. In.app, pop-up piomolional campaigns now enable morts engaging promotions and inlormallon sharing, A slmplilied homepage lurther allows the showcaslng of produ¢ls we previously lacked space lo promote. A member aTea was introduced lo allow users lo update account d&lalls, lop up credll, and access Ihelr membership card, wllh a'switch Lo¢alions' bullon added lor fas16r navigalioft belween sile$. Global content managemenlwas adopted lo reduce duplication and admlnlslrallve lime, by enabllng conslslenl'always.on' messaglng across all slles from a slngle Source. Kèy Outcome$ IFY24125 post.laun¢hl', App-drlven booklngs Increased from 24.8OA lo 27,40/fr y&ar-on.yeaT. 4,320 addillonal app downloads compared to the prior year, Inveelment powers and poll¢y The ChaTilable Company has a low-rlsk Investment policy and as suth surplus money not immediately requlred for the operational needs of Ihe Charitable Company is invested in interest bearing accounts. Inleresl received during the financial year was E231k 12023124- £251kl. Nel cash Inflow from opeialing atllvllies was £1,6m {2023124- Inflow £l.Om} durin9 the ar. Cash balances were E5.4m {2023124. £5.1ml al Ihe year end. RISK No organisalioTh is wilhoul rlsk and we continue lo strengthen our rlsk management systems and processes. Our internal auditor is lully embedded within thè organisalion and vndertook a full programme ol audits, delivering 66 audit$ durlng the financial year. Thls programme and actlons taken by management has helped us meet our slalulory slandaids and given us valuable Inslghl into the buslness and OUT performance. We expanded our Internal audits during th6 year lo include both buslness controls ai)d seNlce standards. Th6 laller has provided valuable inslghl into how OUT Customers experiencè our services and supported us lo improve our seICe$ and ¢uslomer sallslaction. Alongside our audit program we have a wide range of operaling pollcies and procedures to support slaff, whlch has helped lo redute Incidents. The area ol risk is closely scrulinised by our Audll & Risk Commlllee who Teceive regular reports, including the rlsk iegisler. Thè eommlttee &nsure a thorough appralsal ol key risks is undertaken and k88p the board fully appralsed of all developments, The key risks Identllied within our rlsk reglsler relatè lo the re.opening of our leisure cenlres, Wesl Wi¢kham and Walnuts which closed in February 24 and January 25 respectively. Each sile Is being redeveloped by the landlord, London Borough ol Bromley, bul Ihe exlenl ol the works loi Wesl Wickham and the iequlremenl for additional slruclural repairs has pul pressure on the WOTks budget and limelable, As a consequen¢e Ihe s¢ope ol works Is likely lo be reduced partlculaTly al Walnuts and the closure of West Wlckham will extend into 2028. GOVERNANCE AND LEADERSHIP A notable change in leadershlp occurred during the period, beglnning wllh the appointment ol Steve May as Dlreclor ol Oper81ions In May 2024. Thls was followed by Ihe departure of Jason Slanlon, Chlel Executive Offlcer, In February 2025. We would like lo record our thanks lo Jason for hls contribution lo Mylime over stsveral years and wlsh him well for Ihe lulure. After an open and exlènslve search and interview process led by our Chair, Isobel Gowan, we successfully appoinled Sleve May, our Operations Olreclor, to the Tole ol Chlel Executive lo provlde the right leadershlp al Ihls challenglng time. A new Director ol Operations is due lo start In December 2025. Slnce the year end, we recelved reslgnalions from our ¢urronl board ol Iruslees, Neve Rabbou and Salena Mulhere. We would like lo exlend our gratitude lo both Neve and Salena Iof IheiT lime and experiise as valued memb8rs ol the board. Page 12
YTIME REPORT OF THETRUSTEES INCLUDING STRATEGIC REPORT OR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT FINANCIAL REVIEW GOVERNANCE AND LEADERSHIP contlnued Aller the Irusl's AGM, our Chalr Isobel Gowan wlll be stepping down from her role as Chalr and wlll be leaving the board aller f1 yèars ol seNlce, incltsdlng 3 years as chalr. Colin Douglas wlll succe8d Isobel as Chali and Chrlslopher Keiile will rgplace Colln as vlce Chair. We would like to express our gralllude lo Isobel IOT her service as Trustee and her leadership as Chair. Isobel wlll be SOTely mlssed by everyone at Mylime Active. Rèservès policy and Charlty fund$ The board ol Iruslees has considered the Tisks and opportunllles by revlewing a series ol projecllons based upon certain events and conlingencles, alongslde the level of cash reserves il deems appropriate lo maintain. In consldering Ihe largel level ol unreslricled cash reserves, the Board have considered $everal factors including Ihe followlng lo provide a largel reseN8 to create a necessary contingency for unforeseèn events:. l. Allow for planned inveslmenl and other similar purposes 2, Allow lor cyclical malnlenance expenditure where we have an obligallon lo Incur undervarious property leases 3. Allow lor contract and lease expiry in the ovenl Ihe agreements ale not extended or renewed, and other risks Identified on the risk règlsler 4. Allow lor the closure ol one of morè ol Ils slles 5, To prole¢l Mytime Active from the current e¢onomlc uncertalnty 6, To protect Myilme Active from the posslbllity ol advers8 unforeseen circumslan¢ès Based on the abovè, the board of Trustees have a largel pollcy of maintaining £3.7m In unreslricled ieseNes lor the comlng12monlhs. The sum is based on cuirenl opeiallonal costs and projecllons, laklng into ¢onsideralion the above faclors, equaling lo approxlmalely o monlhs of core operallng costs ol the charlty as a whol8 or slx months operailng costs ol cole seclois. 11 Is the InlenlioTh of Truslees lo closety scrullnlse the TesèNas overthe coming year, alongslde the company's risk re9isler and revlew the r&seJve policy annu211y OT sooner il events diclale or opportunilles arise lor bttslness development and further inveslmenl In the seNl¢es we provide. Al 31st March 2025, Ihe group had a¢¢umulaled cash balance of £5.4m. At 31 March 2025, the parent Charilablo Company and ils subsldiary undertakings had accumulated resetves of £5.6m12023124 £5.5m}, wilhin Ihls were reslricled resgrves of £0.1rn {2023124 £0.Iml. Grjlng Concem The economlc uncertainty will conllnue lo challenge the Iiading pos11ion ol the parent Charllable Company and lis subsidiary undertaking for the next 12 monlhs. In addilion to the wlder economic uncertainties, the Charitable Company is faced wllh specific uncertainliès relallng lo the commencement dale ol certain contracts and leases with some key customers, which al Ihtt lime ol writing this report are nol fully known. The potential impact could be the loss ol one or more ol our siles for an extended period ol Ilme, leadlng lo a malerlal loss ol lulure Income. Management has a Iransllional plan Sn place lo manage Ihe loss ol income and lo seek new opportunities, As a ¥esull of speclflc managemenl acllon, we have be8n able lo maintain our levels ol income lo suslaln the loss of siles and have taken steps lo address the increase in employment Gosls during the current financlal year. EaGh ha5 been laclored into our long- t6rm lorecasls. The board consldefed the uncertalnty lisled above and are sallslled that desplle the uncertalnty caused by the economic oullook, the charitable groups and Company wlll be able lo meet all ol ils obllgallons as and when they fall due. Accordlngly, they ¢onsider il approprlale lo continue lo prepare the Ilnanclal slalemenls on a golng concern basis. The approach that Ihe Board have taken Is oulllned furtheT in Nole 1-Accounllng Policies, Golng Concern, PLANS FOR FUTURE PERIODS The chaTllable company's mission Is lo Improve the wellbeing of the local comrnunilies in whlch we operate, and lor everyone lo 'gel more out ol Ille'.11 will a¢hleve Ihls through encouraging customers along the four pathways of Be Aclive, Eat Well, Be Posllive and 86 Togethei. 11 wlll also seek lo increase particlpalion, ulllisalion and ¢u51omer salislaciion.11 will work in partnership with local aulhorllles and local organlsalions lo bring public benelll and lo pul Ihe local community al the heart ol th15 mission. The charitable company's Commercial alm Is lo conllnue lo grow and strengthen the busln6ss In the coming years, gonerale surpluses to re.Invesl In our setvices and facllilies lo benefit the local communlty. Page 13
YTIME ACTIVE REPORT OF THE TRUSTEES INCLUDING STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 LOOKING AHEAD We have much lo be proud ol bul are realisll¢ about the challenges ahead around Ilnances, recrullmenl and Innovation lo ensure we onlinue to deliver #Missionwellbelng. We have remodellèd our locallons Into heallh hubs, where we are able lo deliver a range ol lelsure and health activities whlch people want. To do so, we will lallor solullons based upon a menu of produ¢ls and servi¢es and establish ¢learly defined membershlp lo PTolong the duralion ol a members slay to 'gel more oul of life,. This will be buill upon our greal staff teams where we will bulld an engaged tèam, who are rewarded and well led lo deler our mission lo'get more oul ol Ilf6,' FUNDRASSING As a eharlty our Income is derived from charitable trading and as such we do not undertake any specillc campalgns whleh iequlre donations. DISABLED PERSONS Tho parenl Charitable Company and ils subsidiary undertaklngs, pollcy Is lo glve full and falr conslderalion lo applicallons for employment by disabled persons, having regard lor IheiT particular apliludes and abllilies, Disabled employees rè¢elve appropliale Iralning lo prornole their caraer wllhin the organisalion. Employees who become disabled are relain8d In their Èxisllng posts where possible or rèlrained IOT sultable alleinallv8 posts, ENGAGEMENT WITH EMPLOYEES Mlme Acllve sifives to tommunicalè Information about ils activities lo all employees on a regular basls, and to encourage employees lo provlde Ideas and feedback lo management on all aspects ol lis operations. Wè believe Ihal a regular flow ol Information fiom m8nagem6nl lo slaff and vice versa wlll enhance our effectiveness and productivity, Regular updates lo all staff are provlded through various methods intludlng an internal communlcalion app available lo all and CEO newsletters, Staff aTe able lo leedback Ihiouuh Iheir line manager, quarterty engagèment suNeys and the Employ8e Consullallve Commiitee whlch meets wllh the CEO and HR Director on a quarterfy basis. We are commSiied lo providlng equal opportunllles and avoldlng unlawlul and unlair dlscriminalion lo all current and prospectiv8 employees and customers iegardless ol age, disabillty, sex, sexual orienlalion, pregiiancy and malernlty, race or elhnlcity, religion or belief, gender idenitty, or marrlage and ¢lvil partnershlp, We value skllls, lalrness and transparency. STATEMENT OF TRUSTEES, RESPONSIBILITIES Th& Trustees are responsible lor preparing the Report ol the Trustees incorporating a Strategic Report and Ihe financial slalemenls In accordance with applicable law and Uniled Klngdom Generally Accept6d Accounllng Piaclice, Includlng FRS102 {Ihe linancial repoThg standard appll¢able In Ihe UK and R,O,l.l. Company law fequlres the Trusleès lo prepare flnancial slalemenls for each financial year whlch give a Irue and fair vlew ol the slate ol affalis of the Charitable Company and the Group and ol the nel Income or expendilure of the Group lor that period. In preparing those financial slalemenls, the TruslBes are iequlred to sel8cl suitable accounting poli¢les and then apply them ¢onslslenlly', obseNe the methods and principles In the Charity SORP 2019 IFRS1021', make judgements and eslimales thal are reasonable and prudenl., slate whether applicabl8 accounting standards have been lollowed, subjèct lo any maleilal departures 8xplained in the linancial slalemenls., prepare the linanclal slalemenls on the golng concern basls unless11 is Inappropriate lo presum8 that the Chariiablè Company and the Group will conunue in buslness. The Trusle6s are responslble lor keeplng proper accounting re¢ords that are sufficient to show and explain the Charflable Company's Ifansaclions and dis¢los8 with reasonable accuraoy al any lime the financial poslllon of the Charllable Company and the Group and lo enable them lo ensure that the financial slalemenls comply wllh Ihe CompaniesAcl 2006. They are also responsible forsaleguarding the assels ol the Charitable Compaiiy and the Group and hence lor laklng reasonable steps lor the prevenllon and deleclion of fraud and olhèr Irregularities. Page 14
MYTIMEAC IVE REPORT OF THE TRUSTEES INCLUDING STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT ASTO DISCLOSURE OF INFORMATION TO AUDITORS In so lar as the Iruslees are aware.. there Is no relevant audll inlormalion ol which the charllable company's audllors are unaware. and the Irusle85 have taken all steps Ihal they ought lo have laken lo make Ihemsèlves aware ol any relevant audit informallon and lo eslabllsh Ihal the auditors are aware of that Inloimallon. APPROVAL OF REPORTS In approvin9 Ihe Report of the Truste68, the Trustees ol the Charitable Company also approve the Slralegic Report in Ihelr capacily as Directors. ON BEHALF OF THE BOARD.. so el Gowan- Chair of I e Board Date,, 19 November 2025 Page 15
REPO THE INDEPENDE T AUDITORS TOTHE MYTIME ACTIVE EMBERS OF Oplnlon We have audiled the Ilnancial slalemenls of Mytlme Activè Ilhe 'paient ¢harilable company'} and Ils subsldlary Ilhe '9roup') lor the year ended 31 Mar¢h 2025 whlch comprise the Consolldaled Statement of Financial Aclivilies, the Consolidaled Balance Sheet, the Company Balante Sheet, the Consolidaled Cash Flow Slalemenl and notes lo the financial slalemenls, including a summary of slgniliGanl accounting poli¢lÈs. The Ilnanclal reporting Iiamework that has been applied in Ihelr preparation Is applitable law and United Kingdom AGcounling Standards including Financlal Reporting Standard 102 'The Financial Reporting Standard appllcable In the UK and Republi¢ ol Ireland, Iunlled Kingdom Generalty Accepted Ac¢ounllng Pracllce}. In our oplnlon the linanclal slalemenis.. giv6 a true and lalr view of the stale ol the group's and ol the parent charitable company's affairs as al 31 March 2025 and of ils Incoming rèsources and application ol resour¢es, includlng ils Income and èxpendilvre, lor the year then ended., have been propÈrly prepared In accordance with Uniled Klngdom GeneraltyAcc8pled Accounllng Practice Including Flnancial Reportlng Standard 102 'The Financial Reportlng Standard appllcable in the UK and Republic ol Ireland; and have been prepared in accordance with the requirements of the Companies Acl 2006. Basls for oplnlon We ¢onducled our audit in accordance with Inlernalional Standards on Audlllng IUKI {ISA$ {UKII and applicable law. Our responsibllilies under those standards are lurther described In the Auditors iesponsib51ilies lor the audit of the Ilnanclal slalemenls secllon ol our report. We are Independènt of the tharilable compaAy In accordance with Ihe ethical Tequlremenls that are relevant lo our audll of the financial slalemenls In the UK, Including the FRC'S Elhlcal Standard, and we have lullilled our olheT elhlcal responsibililles in accordance with these requlremenls. We believe that the audit èvldence we have obtalned Ss sufficient and appropriate lo provlde a basis lor our oplnlon. Con¢luslons relallng to golng Concern In auditing the financlal slalem6nls, we havè concluded Ihal Ihe Iruslees use ol Ihe going concern basls of accounting Sn ihe preparation ol thè financlal slalemenls 15 appropilai8. Based on the WOTk we have performed, we have not idenllfied any malerlal un¢ertalnll6s relating lo events or conditions that, individually or collecllvety, may cast signifi¢anl doubl on Ihe company's ability lo continue a5 a going concern lor a period of al least e1ve months Irom when the nancial slalements arè aulhorised lor issue. Oui responslbililiès and the responsiblllllès ol the trustees wllh respect lo golng concein are described In the rel&vant seclions of this report. Other Informatlon The Iruslees are responslble for Ihe other inlormallon. The other InloTmallon comprises Ihe inloimallon included in the gToup annual report, other than the linanclal slalements and our Report of the Independent Audllors thèreon. Our oplnlon on Ihe Ilnancial slalemenls does not cover the olher information and, excepl to the exlenl olheNlse expllcilly slated In our report, we do not expie$s any form ol assurance conclusion Ihereon. In conneclion wllh our audil ol the linanclal slalem8nls, our responsibility Is lo read the other inlormallon and, in doing $0, consider whelherlhe olhèrinformalion is malerially inconsislenlwilh the flnancial slalements or our knowledge obtained in the audit or olhetwise appears lo be malerially misstated. If we identify 8uGh material inonslslencie5 or appafenl rnaleiial mSsslalemenls, we are iequiied lo determine whelher this gives rlse lo a malèrial mlsslalemenl In the Ilnancial slaiemenls themselve5 or a malerial mlsstalemenl ol the other Inlormaiion.11, ba$6d on Ihe work we have performed, we conclude that there Is a m8leTlal misslalemènl of this other Informallon, we are requlred lo report Ihal lacl. We have nolhing lo report in this iegard. Oplnlon on other matters pre$crlb6d by the Companles A¢t 2006 In our oplnion, based on the work undertaken In the course of the audll.. the informallon given in the Report ol the Trustees which includes the strategic ieport and the directors report lor the purpose ol company lawfor the financial yearforwhich the linanclal slalements are prepared Is conslslenlwllh Ihe flnancial slalemenls; and the strategic rèport and Ihè direclors report and the feport ol the Truslees has been prepareolin accordance wllh appllcable legal requirements. Matters on whl¢h we are requlred to report by ex¢eptlon In Ihe light of the knowledge and understanding of Ihe charStable company and lis environment oblalned in the course ol the audll, we have not Ideniified malerlal mlsslalemenls In the Report of Ihe Twstees, Page 16
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MYTIME ACTIVE We have nothing lo report in respecl of the following mallers where the Companies Act 2006 requirès us lo report lo you il, in our opinion.. adequate accounllng records have not been kept by Ihe parenl ¢harllable company and 118 subsidiary, or relurns adequate lor our audil have not been received Irom branches not visited by us,, or the group and parent chariiablè company financlal slalements are nol In agreement wilh the accounllng records and Telurns,, or certain disclosures ol trustees, remuneralion Specified by law are not made- 01 we have not recewed all the Inlormallon and explanations we requir6 lor our audit. R•spon$lbilltle$ of Iru$leès As explained more lully In the Stalemenlol Trustees R8sponslbllilies, the Iiuslees {who are also the dlreclor5 of Ihe charitable company for the purposes ol company lawl are responsible for the preparalion ol Ihe financial slatemenls and for belng salislied that they give a true and lair view, and for such Internal conliol as the Iruslees determine is necessary lo enable the preparalioTh of Ilnanclal slalemenls Ihal are liee from material misslalemenl, whether due to fraud or eiroT, In preparfng the flnancial slalèmenls, the Iruslees are responslbl8 loi assessing ihe group's and the paienlcharilable company's abllity to continue as a golng concern, dlsclosSng, as applicable, malleis related lo going concein and uslng the golng concern basis ol accounting un16ss the Irusle8s ellher Inlènd lo Ilquidale Ihe Charttable company or lo cèase operations, or hav6 no realislic allernaliv8 bul lo do so, Our rè8ponslbllllles for the audlt of thè flnan¢lal statements Our obleclives ai8 lo obtain reasonable assurance about wh8lheT the 1Snanclal slalements as a whole are free from material missla16ment, whèther due lo fraud or error, and lo issue a Report ol the Independenl Audllors that includes oui oplnion. Reasonablè assuran¢è is a hlgh16vel ol assurance, bul is not a guaTanleg that an audll conducted in a¢cordance wilh ISAS IUKI will always delecl a material mlsstalement when il exi51s. Mlsslalemenls can arise from fraud or error and are considered material il, individually or In Ihe aggregate, they could reasonably be expecled lo influence the economlc decisions ol users taken on the basls of these linanclal sialernenls. Irregularilles, Includlng fraud, are Instances of non.compllanG8 with laws and regulations. We deslgn proceduTes in line with our responsibl1lies, outlined above, lo dete¢l material misslalemenls In respect of Irreoularilies, in¢ludlng Ifaud. The extent to which our procedures afe capable ol delecting irrègularilies, Includlng fraud Is delalled below: Our approach lo identlfying and assessing ihè risks ol mal8rlal mlssialern6nt In respe¢l of Irregularllles, Includlng fraud and non.compllance wilh laws and regulallons, was as follows.. the engagement partnér ensured Ihal Ihe engagomenttsam Golleclively had thè appropriate competence, capabililias and skllls lo identify or recognisè non-compliance with applicable laws and regulations, we identified Ihe laws and regulations applicable lo the group and tharilable company through discussions wllh Iruslees and senlor staff and our experience of the sector,. we focused on specific laws and regulalions which we considered may have a dlfecl malerial èffeclon the Ilnancial sialemenls or the operallons of Ihe Group and Charllable Company, in¢ludlng, bul not limited to, the Companies Act 2006, UK tax we assessed the exlenl of compllance with the laws and regulations Idenlilied above through maklng enqulries of management., and Idenlllied laws and regulations were communlcaled wllhln the audil leam regularly and Ihelgam remained alert lo instsnces ol non-compliance throughoul th6 audll. We assessed the suscepliblllty of the Group's and Charitable Company's financlal slatemenls lo materlal mlsslaiemenl, Including obtaining an understanding of how fraud mighl occur, by.. making enquiries ol management as lo where Ihey consldered there was suscepliblllty lo Iraud, Ihelr knowledge ol actual. suspected and alleged Iraud. considering Ihe internal controls In place lo mitlgale rlsks ol fraud and non-oompliance wilh laws and regulations, To addres5 Ihg Ilsk of fraud through management blas and overrlde ol controls, we,. pèrform6d analytlcal procedures lo Identify any unusual or unexpeclod relallonshlps. lesled louinal entriès lo Sdenlify unusual Iransaclions., revlewed management contracts where conlra¢l varlalions had arisen., assessed whelherjudgèmenls and assumpllons made in dg16rmlnlnu the a¢¢ounilng esllmales setoul In note1 were Indlcalive ol polenlial bias; and invesiigaled the rationale behind signlllcant OT unusual Iransaclion5, Page17
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MYTIME ACTIVE In response lo the rlsk ol Irrègulaiilles and non-compliance wllh laws and regulations, we designed procedures whlch Included, but were nol Ilmiled lo.. agreeing financial slalement disclosures lo underlying supporting documanlallon., reading the minules of meetings of those charged with governance,, enqulring ol managemenl as lo actual and polenlial liligallon and Glalms., and revlewlng correspondence wilh HMRC and the relevant iegulalor, There are inherent limilalions In our audit procedures described above. The more removed that laws and regulallons are Irom flnancial transactions, the less likely11 Is Ihal we would beGom6 aware of noncompliance, Audillng standards also limit the audit procedures required lo identify non.¢omplian¢e with laws and regulations to enquiry ol the Committee ol Management and other management and the inspection ol regulatory and legal Correspondence, il any. Material mlsslalemenls that arise due to ffaud can be harder to delecl Ihan th058 that arise from erior as Ihey may involve dellberale concealmenl or ¢ollusion. A further descripllon ol our responsibllllles lor Ihe audit ol the Ilnancial slalemenls is located on the Flnancial Reporting Coun¢ll's website al www.frc,org.uklaudilorsresponslbllilie$. This description forms part ol our Report ol the Independent Audllors. Use of our report This report Is made solely to the charilable companvs members, as a body, In accordance with Chapter 3 01 Part16 of the Companles Act 2006, Our audit work has been undertaken so that we mi9hl slate lo the charilable company's members those matters we are iequlred lo slate to them In an auditors, report and lor no other purpose, To thè fullest exlenl permitted by law, we do not ac¢epl OT assume responsibility lo anyone other Ihan the Gharilable company and the charitable company's members as a body. lor our audll work, lor Ihls report, or for thè opinions we have formed. Clalr Rayner FCA DChA {Senlor Stalulory Audllorl lor and on behalf of Mccabe Ford Williams stalulory Audllors and Chartered Accountants Buildlng1063 Cornforlh Drivè Kent Science Park Slttingbourne Kent ME9 8PX Dale.'19 November 2025 Page 18
YTIME CT CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 oles Unieslricled Funds Resliicled Funds Penslon Adjuslmenl Unreslrlcled 31,3.25 Total Funds 31,3.24 Total Funds INCOME Income from charrfable aclivilles.. Operation ol leisufe, rècreation slles and health aclivllies Other funding 21,689,690 230,885 21,920,575 24,152,914 379 909 379,909 505,248 22,069,599 230,885 22,300,484 24,858,162 liicomè Irom olherlrading &clivllies.' Commerclal trading opeiallons 653.435 653,435 463,452 Incom8 Irom Inv8slm8nls.' Investment income 231,009 231,009 250,619 Totsl Income 22,954,043 230,885 23,184,928 25,372,233 EXPENDITURE Costs of raisiiig funds.. Commerclal trading operailons 532,358 532,358 284,057 Expendllure on charllablg acllvlll&8,' Operaisoft ol leisure, recreallon sites and health a¢llvllies 22,485,602 238,863 {15,0001 22,709,485 24,232,575 Total èxpendlturo 23,017,980 238.863 15,000 23 241,823 24,516,632 Net Incomellexpendlturel for the year before actuaflal galns I Ilossesl under FRS102 183,9171 17,9781 15,QOO 156,8951 855,601 Re-measurements on defined benelil schemes 23 25,000 25,000 163,0001 Transfers Nèl movement In funds 163,9171 17,9781 40,000 {31,895} 792,601 RECONCILIATION OF FUNDS Total funds l)rought forward 25 5.388,129 127,699 5,615,828 4,723,227 Total funds carrled fopNard 5,324,212 119,721 5,483,933 5,515,828 CONTINUING OPERATIONS All Incoming resources and resources expended arlse Iiom conllnulng activllles, The noles form parl of these financial slalemenls Page19
MYTIME ACTIVE Company Reglslered Numbèr,. 04809606 CONSOLIDATED BALANCE SHEET AT 31 MARCH 2025 31.3.25 Tolal Funds 31,3.25 Total Funds 31.3.24 Tolal Fund$ 31,3.24 Total Funds Nolès FIXED ASSETS Tangible assels Inveslmenls 14 15 5,064,359 4,521,171 5,064,359 4,521,171 CURRENT ASSETS Sloeks Deblors.. amounts falling due wilhln one year Cash at bank and In hand 16 17 116,218 1,091,966 126,609 1,134,637 5,429,554 5,144,697 6,637.738 6,405,943 CREDITORS Amounts falling due wilhin on8 year 18 5,272,925 4,874,685 NET CURRENT ASSETS 1,364,813 1,531,268 TOTAL ASSETS LESS CURRENT LIABILITIES 6,429,172 6,052,429 CREDITORS Amounts falllng due aftèr more than one year 1386,8601 19 PROVISIONS FOR LIABILITIES 22 1598,3791 1536,6011 NET ASSETS EXCLUDING PENSION ASSET 5,443,933 5,515,828 PENSION ASSET 23 40,000 5,483,933 5,515.828 FUNDS Unreslricled funds Reslrlcled funds 5,364,212 119,721 5,388,129 127,699 TOTAL FUNDS 25 5,483,933 5,515,828 The financlal slalements were approved by lh6 Board of Tiuslees on19 November 2025 and were slgned on its behalf by., obel Gowan. Chalr ol th Board The notes form parl of Ihese llnancial slalemenls Page 20
MYTI E ACTIVE Company Reglslered Number., COMPANY BALANCE SHEET AT 31 MARCH 2025 04809606 31,3.25 Total Funds 31.3.25 Tolal Funds 31.3.24 Total Funds 31.3,24 Tolal Funds Notes FIXED ASSETS Tanglble assèts Inveslmenls 14 15 5,064,359 4,521,171 5,064,360 4,521,172 CURRENT ASSETS Slocks Debtors., amounls lalling due within one year Cash al bank and in hand 16 17 116,218 1,128,025 126,609 1,170,708 5,393,482 5,108,625 6,637,725 6,405,942 CREDITORS Amounts lalllng due wllhln one year 15,272,913} 18 4,874,685 NET CURRENT ASSETS 1,364,812 1,531,257 TOTAL ASSETS LESS CURRENT LIABILITIES 6,429,172 6,052,429 CREDITORS Amounts falllng due after morè than onè year 19 1386,8601 PROVISIONS FOR LIABILITIES 22 1598,3791 1538,601) NET ASSETS EXCLUDING PENSION ASSET 5,443,933 5,515,828 PENSION ASSET 23 40,QOO NET ASSETS 5,483,933 5,515,828 FUNDS Unreslilcled funds Reslricled funds 5,364,212 119,721 5,388,129 127,699 TOTAL FUNDS 25 5,483,933 5,515,828 The Ilnancial slalemenls werè appioved by the Board ol Trustees on 19 November 2025 and were slgned on lis behalf by: obe Gowen- Chalr ol Ilie BoaT The noles foTm pail of these financial statements Page 21
MYTIME ACTIVE STATEMENT OF CASH FLOWS AND CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR E DED 31 MARCH 2025 Group 31.3.25 Group 31,3.24 Company 31.3.25 Company 31.3,24 Ca$h flows from operatlng actlvllles 1,558,684 1,013,417 1,558,684 1,013,417 Cash Ilows from Investlng a¢tlvltles Purchase of langlble fixed assets Disposal ol tangible lixed assets Intere51 Income 11,565,636) {462,0601 11,078 250,619 11,565,636) {462,080} 11,078 250,619 231,009 231,009 Cash used In investing activllies 11,334,627) 1200,3631 11,334,827) 1200,3631 Cash flows from flnanclng a¢tlvltie8 Loan repayrnenls in year New hire PUTchase Capital r6paymenls 1427,367} 563,270 (75,1031 1472,952} (427,367) 683,270 175,1031 1472,9521 Cash u88d in financing acllvilies 60,800 1472,952} 60,80tt 1472,952) IDe¢reaselllncrèase In ¢ash In the perlod 284,857 340,102 284,857 340,102 Openlng cash at bank and In hand 5,144,697 4,804,595 5,108.625 4,768 622 Closlng cash at bank and In hand 5,429,554 5,144,697 5,393,482 5,108,825 The notes form pail of these financlal slatements Page 22
MYTIME ACTIVE NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES Group Group Company 31.3.25 31.3.24 31.3.25 Company 31,3.24 Nel movement In funds 156,895} 990,794 855,601 156,8951 990,794 855,601 Depreciallon charges Lossl{Galnl on disposal ol fixed a$5els Movemenl In provlslons Ilncre8sel I decrease In stocks Ilncrèasel I decreasè In deblors 861,188 854,231 31,654 15861 31,654 6,371 61,778 61,702 61,778 61,702 10,391 1,206 10,391 1,206 42,671 1406,0281 42,683 {406,0281 {De¢ieasel I Increase in credllors Nel Interest cost Dlfference behveen pension charge and cash conlrlbullons InleTest received 724,300 {103.0471 724,288 1103,0471 124,000} 9,000 (18,0¢]01 12,000 {24,0001 9,000 (18,000} 12,000 231009 250,619 231,009 250619 Net cash Inflow lout flow) from operallng actlvltles 1,558,684 1.013,417 1,558,884 1,013,417 ANALYSIS OF CASH AND CASH EQUIVALENTS Group 31,3,25 Group 31.3.24 Company 31.3.25 Company 31.3,24 Cash in hand Notice deposlls Iless ihan 3 months) 3,123 5,141,574 3,123 5,105,502 5,429 554 5,393 482 5,429,554 5144,697 5,393,482 5108,625 ANALYSIS OF CHANGES IN NET FUNDS- GROUP Al1.4,24 Cash flow At 31.3,25 Net cash Cash al bank and In hand 5144,897 284 857 5,429,554 5,144,697 284,857 5,429,554 Debt Debts lalllng due within 1 year Debts falllng due after1 year 1427,3671 326,060 386,860 {101,3071 386,860 427,367 60,800 488,167 Total 4,717,330 224,057 4,941,387 Page 23
MYTIME AC IVE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Bas1$ of preparlng the flnanclal $tatement$ The financlal slalemenls ol the charitable company, whlch Is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP IFRS1021 'Accounling and Reporting by Charllies.. Stalemenl of Recommended Practic& applicable lo Charities preparlng their accounls in accordanGe with the provisions ol FR8 102 leffeclive 1 January 2019}', Flnanelal Reporting Slandard 102 'The Flnancial Reportlng Slandard appllcable in the UK and Republic ol Ireland, and the Companles Atl 2006, There were no material deparlures from that standard. The linanclal slalemenls are prepared on a going concern basis under the hlslorical cost convention, modilled lo include certain items at fair value, The linanclal slalements are prepared in sterling £, whlch is the functional and presenlallonal currency of the chailty. Golng Concern The Charitable company and Its subsldlary company has experienced mlxed Iradlng with Lglsure Operallons liading Inline wllh expeclalions, bLtI Goll Opeialions are trading behlnd lorec8sl bul ahead of the prior yeai. The revlsed lorecasls indiGal& that the Group and Charilable Company will Temain wiihin ils Ilnanclng facilities for the foreseeable future and will be able lo meet its linancial obligations as they lall due. The Board ol Trustees has delermined ihal the acllons takgn are suff icienl lo mlllgale uncertalnlles whlch whllst slgnificanl ale not consldered lo be malerlal and Iherelore considers Ihalll is approprlale lo prepare Ihe financial slalemenls on a going concern basls. Group Ilnan¢lal slatement8 The financial statements consolldate the results ol the Chartiable Company and Ils wholly owned subsidlary, Mytime Enlerprfses Limited, on a line by Ilne basis. A separate Stalèmonl of FlnanGial Activities and Income and Expendilure Account Is not presented forth8 Charitablè Company Ilsell In accordancèwilh the exemptions afforded by seGlion 408 of Ihe Companies Acl 2006, Company status The Charity is a Privale Company limited by guaTanlee Incoiporaled in th8 United Kingdom In England. Income Income from recr6allon, lelsure siles and h&allh acllvllles are Included in the Slalemenl ol Flnanclal Acllvllles when the ChaTilable Company Is legally enlllled lo the Income, il 1$ probable that the income wlll be received, and the amount can be quantified with reasonable acGuracy. Incomè represents nel sales of goods and seTvlces and management fees excludlng value addèd lax, lo cuslomeis during the year. Certain Income is recelved In advance ol the provislon of the relevant setvice and as such is deferred until the seNlce commences. Some setvlces are provided in advance ol an Involce being ralsed and Ihe assoclaled Income Is Iheielore accrued unlil the involce has been iaised and the Income reGognised in the Slalemenl ol Flnancial Acllvllies. Income lor annual membershlps is acGounled lor over the m6mbershlp year, Page 24
MYTIME AC Iv NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THEYEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- contlnued Grants l other fundlng Grants recelvablè in respect ol a speellied period relaiing lo Ihe ueneral a¢llvllies ol the Charitable Company are recognlsed In the Slatemenl ol Flnancial Aclivilles In the period In whlch the Charilable Company has enllllement lo IhÈ funds, any performance conditions attached lo the granls have betsn mel,11 Is probable Ihal the income will be receThied and the amounl Can be Measured reliably and Is not deleired. Government grants Government granls are Tecognlsed when il Is reasonably certaln Ihal Ihe conililions attached lo the granl a mel. Income from grants is recognised when there is evidence ol enlillem8nl lo the gift, re¢eipl is probable and ils amount can be measured reliably, Unrestrl¢tèd lunds Unreslricled funds are Incomlng resources receivable or geneTaled for the oblecls ol the Charitabl6 Company without further specifièd purpose and are avallable as general funds, Restrl¢ted funds Reslricled funds are lo be used lor spocilic purposes as lald down by the donor. Expendilurts whlch meels Ihese ciilerta is charged lo the funds, Expèndllure All tsxpendilure Is accounted for on an accruals basis and has been classilled under headlngs that aggregate all costs related lo the category. Wherè cosis cannot be directly ailribuled lo partlcular headings they have been allocated to acliviiies on a basls conslslenl wilh the use ol the resources, Expenditure Includès atiribulable VAT whlch cannot be recovered. Allocatlon and apportlonment of ¢o$t$ Charllable activilles are those costs inGurred dlreclly in the runnlng ol èach ol the goll and lelsure siles and in performance of tho health aclivilies. Charllable activities are split into 9011, leisure and hèalth atlhJilie5 costs, whlch aTe Ihose costs incuried directly in Ihe running of each ol Ihe aGlivitips, and support costs whlch are Ihose costs incurred dlreclly in support of exp8ndilure on the oblecls of Ihe Charilable Company. Taxallon The Charllable Company Is exempl from COTporalion lax on its ¢harilable activili8s. Where the Charitable Company condu¢ls Ifading a¢llvilie6 ¢orporalion18x Is charged on the proflls arising from these aclivitles, Tanglble Ilxèd assets Flxed assets are showii in Ihe financlal slalemenls alcosl includlng Irrecoverable VAT in rèspect of these assets. Depreciaiton is prOded al the lollowing annual rates in order lo wrile olf each asset ovér Ils eslimaled useful Ille. Improvements lo propety •over remaininu term of lèase Equlpmenl, plant and fittings -slralght Ilne over 3 and 5 years Molorvehicles -slraighl line over 5 yeaTS Computer equlpmenl -straight line over 3 yéars Flxed assel Investments Fixed asset investments represent Ihe charitable company's holdlng ol share capllal In the subsidlary. The asset is shown in the financlal slalemenls al cosl18ss any Impalrment1088es recognlsed. Redundancy and termlnatlon payments Redundancy and lerminallon payments a iecognlsed in the slalement ol linaftclal activilies onGe Ihe charilab5e company Is d8monslrabty ¢ommitled lo the expondiluie. Page 25
MYTIME ACTIVE NOTES TO THECONSOLIDATED FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- contlnued Lease arrangements The buildlngs and plant al Ihe cenlfes are l?ased to the Charilable Company as part ol the overall conlraclual relalionship with the Aulhoillies bul the Authorities malntaln ulllmale control ol Ihese assets. Accordingly the access which the Charitable Company has In the use ol thèsè assels151o enable11 lo operalè Ihe lelsure cenlres and goll courses, so Ihal Ihe Charilablg Company can provlde the public seNice il is ¢onlraGled lo provide, not lo effectively own these public service assets. These assets are therefore nol reco9nlsed on Ihe ChaTilable Company's Balance Shèet. Stocks Stocks are valued al tho lower ol oosl and nel realisable value, on a flrst.in.lirslwouI basis, after making due allowance for obsoletè and slow moving116ms. Provlslons A provislon Is re¢ognised in lh6 balance she61 when the Charitable Company has a present legal or conslruclive obligallon as a result ol a pasl event and il Is probable Ihal an outflow ol economlc benef51 will be requlred lo sellle the obli9alion. Pfovislons, when created are based on the best inlormalion avallable lo the Board al that point of lime, Hlr• purchase and leaslng Commllments Rentals pald under operating leases are Gharged to the Statement of Flnancial ActivieS as Incurred. Flnan¢lal In$trument$ The charilablo company ènlers inlo basic Ilnancial inslrurnenls that resull in the recognllion of financlal as5els and liabilities Ilke trade and other accounts receivable and payable, loans Irorn banks and other third parties and loans lo related partles. a) Trade and olher debtors Trade and olherdeblors ar6 initially Rcognised atfalrvalue and Ihereafterststed al amortised cost uslng Ihe effective Interest method, less impairment losses for bad and doubtful debts except where thè effect ol dlscounling would be Immalerial, In such Gases, Ihe recelvables ar8 slated al cost less Impalrmenl losses for bad and doubtful debts. bl Cash and cash 8quwalenl$ Cash and cash equlvalenls comprlse cash al bank and In hand. ¢} Impalrment of financial assets Flnancial assèls that are measured al cost and amortised cost are assessed atlhe end of each reporting perlod lor obleclwe edènce of impalrment.11 obleclive evidence ol impairment is lound, an irnpairment loss Is recognised in profil or loss, For flnan¢ial a$sels measured al amortlsed cost, Ihe Impaifmenl loss Is measuied as the difforence between an assel's carrylng amount and the present value of estimated cash flows discounled al the asset's original effeclive inleresl rale.11 a Ilnanclal asset has a variable interest rale, the discount rale foT measuring any impairment loss is the current effecllve interest ial8 determined under Ihe Conlracl, Forlinanclal assets measured al cosl less Impairment, ihe impalrmenl10s5 is mtsasured a5 the dilfeience beeen an asset's carrying amount and the best eslimale, which Is an approxlmallon, of the amount that the ¢ompany would rece6 for th& asset illl were to be sold at the reportlng dale, dl Trade and oiher credllors Debt Inslrurnents like loans and other accounts payable are Inillally measured al presenl value ol Ihe lulure payments and subsequently al amortised cost uslng the effective Interestmelhod. Debt instruments Ihal are payable wllhln oneyear, typically tradè payables, are mèasured, Inilially and subsequently, al the undistoun16d amounl ol the cash or other tonsld8rallon 8xpe¢led to be paid. However, If the arrangements ol a short-lerm InslTumenl conslilule a financlng Iransacllon, Ilke the payment of a trade debt delerred beyond normal business terms or financed al a rale ol Interest Ihal is not a market rale or in case ol an oulfighl short.lerm loan not al market rate, Iho financial asset 15 measured, inllially and subsequenlly, al the present value ol the futurè paymenls discounted al a mark8t rate ol inleiesl lor a slmllar debt inslrumenl. Flnanclal assets and Ilabililles are offset and the nel amount reported In the slalemenl ol flnanclal position when the18 Is an enforceable rluhl lo set off the recognlsed amounts and there is an Inl6nllon to seWe on a nel basls or lo rèallse the asset and settlts Ihe Ilabllity slmvllaneously. Page 26
MYTIME ACTIVE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THEYEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- ¢ontlnued Penslon$ The Charllable Company cornpll6s wllh leglslalion concerning aulomailc enrolmenl and as such operales a d¢lined conlribullon pension scheme. Conlrlbullons Its dellned conlribullon schemes arè chargèd lo ihe Slalemenl of Flnanclal Acllvilies as Incuired, These Include conliibulions to Ihe slakeholder pension scheme and employees, personal PBnsion schemes. The Charitable Company opeTales a pension scheme provldlng benefits based on final pensionable pay. Contributions to Iho definèd benefits scheme afe charged lo the Slalemenl ol Flnancial Activie$ In order lo allocate the cost ol providing the pensions recognlsing any acluarial surpltjs or deficiency Iwhere appropTialel, overlhe WQfklng Ilves ol the relevant employees as assèssed in accordance with the advlce ol a prolesslonalty qualified a¢luary, The assets of Ihe scheme aro held separately In an Independently admlnlstered fund. Crlllcal a¢oounllng judgements and key $our¢e$ of estlmatlon uncgrtalnty In the application ol the Charitabl8 Company's accounting policies management Is requlred lo make judgements, esllmales and assumplion5 aboul the carrying value of assets and liabilllies Ihal are not readily apparent from other sources. The esllmales and underlying assumptions are based on hlsloiical experlence and olheTlactors that are considered lo be relevant. Actual results may dlffer from the esllmales, The eslimales and underlying assumptions are reviewed on an ongolng basis. R8vlsions lo accounllng eslimales are recognised in the period in whlch the estimate Is revised il the revision affecls only that perlod, or In the period of the revision and lulure periods11 the revision affe¢ls bolh current and future periods. Managemenl consider the lollowing to be key sour¢es of eslimallon uncertainty whlch would have a slgnlllcanl effèct on Ihe amounts Tecognised in the linanclal statements,. l. A number ol acluarial assumptions are used io quanlfy Ihe Group's penslon assevliability in resp8Ct of defined benèlK penslon schemes, FurlheT Informalion concerning these assumptions Can be found In note 23, 11. The Charity Company providès lor a dilapldalions provision in respect ol premlses leased under operating leases Ihal include end ol lease reclilicatlon clauses. More detailed èxplanations lor the bas1$ of the piovision can be found In note 22. ill. Depreciation charges forassels with a nel bookvalue of £5 mllllon are included In the Slatementol Flnancial A¢livlU6s based on the estimated usèlul economlc life ol fixed assets. FINANCIAL ACTIVITIES OF THE CHARITY The linancial activities shown In the Group Slalemenl ol Flnan¢lal Aclivllies in¢lude those ol the Charilable Company's wholly owned subsidlary Mytime Enterprises Limlled. A summary ol the linanclal acllvllles undertaken by Ihe ChaTilable Company Is sel out below.. 31.3.25 31.3.24 Gross Incomlng resour¢e$ Total expendilure on charitable a¢livi116s 22,652,570 22,709,465) 25,088,176 24,232,575 Nel Intomlng I loulgoingl resources A¢luarial Ilossllgaln on dellned b8nèflt penslon scheme 156,8951 25,000 855,601 63,0001 792,601 INCOMINGI IOUTGOINGI RESOURCES FROM COMMERCIAL TRADING OPERATIONS A summary ol the trading results ol the wholly owned subsidiary Myllme Enterprises Limited is shown below.. 31,3.25 31.3.24 Turnover Cosl ol sales and adminislralion Costs Glft aid donation 853,435 1532,358} 121,0771 463,452 1284,0571 179,395) Nel profil Page 27
MYTIME A TIVE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 PROFIT I LOSS OF THE PARENT COMPANY As pormitted by sectlon 408 01 the Companles Act 2006, the Income and expendllure account of Ihe parerjl Charllable Company is not presented as part of these flnancial slatemenls. The parent Charitable Company's ntst Incomingloutgolng fesour¢es after actuarial gainsllos8es uhder defined benefit penslon schemes lor the financial year was a loss of £31,895 12024.. £792,601 surplus). INCOMING RESOURCES FROM CHARITABLE ACTIVITIES 31,3,25 31,3,24 Operallon ol lelsure, recreallon siles and health acllvllles Olher lundlng 21,920,575 24,152,914 379,909 505,248 22,300,484 24,658,162 Income from charitable aCtlI1e$ was £22,300,48412024'. £24,658,182) of whlch £230,88512024: £350,789) was attributablè lo reslri¢led funds and £22,O69,59912024: £24,307,3731 was attrlbulable lo unreslrlcled funds. INVESTMENT INCOME 31.3.25 31.3.24 Dèposit ac¢ounl inierest 231009 250.619 All of the gioup's investment incomè arises from Inlèresl bearing deposll accounts, Income Irom Investments was £231,009 12024.. £250,619) ol whlch £nil (2024.. £nill was altributable to restricled funds and £231,U0912024'. £250,619> was allrlbulable lo unreslricled lunds. RESOURCES EXPENDED ON CHARITABLE ACTIVITIES COSTS Dlre¢l Costs Dlrecl Staff Costs Support C051s (see note 81 31.3.25 Total Charitable Aclivillès 31,3.24 Total Charitable AclSvllies Leisltrè, recreallon and health aclivilie5 10,657,106 8,615,243 3,437,116 22,709,465 24,232,575 £238,86312024'. £261.1741 of the above costs were attribulablè to restricted funds and £22,470,60212024', £23,971,401101 the above cosls were attfibutable lo unreslricled funds. Page 28
YTIME AC NOTESTO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS Support costs, Included In Ihe above, a as follows: 31.3,25 31,3.24 Operation of Operation ol 18isure, leisuré, recrealion s116s recreation siles and health and health aclivilies aclivil(es Wages Premises expenses Motor and travel Overheads SeNlce charges Legal and professlonal includlng governanGe costs Consullanls Depreciation of langlble assets Inlefesl 2,043,730 683 20,940 728,376 25,623 lQ6,571 415,774 95,419 1,980,187 29,510 633,075 56,763 14,714 434,460 95,265 82,951 3,437,116 3,326,925 All suppori costs relale lo the sole activity of th& ChaTilable Company, balng the PTovlslon ol leisure. recTeallon and heallh seN¢ces, GOVERNANCE COSTS 31.3.25 31,3,24 Audllors, remuneiallon Auditors, remunerallon for non.audil work 25,351 8,464 24,410 8,150 33,815 32,560 10. NET IOUTGOINGI RESOURCES Nel resources are slated altsr charglngl Icredilingl.. 31.3.25 31,3.24 Auditors, remunerallon Auditors, remuneralion lor non-audll work Deprecialion owned assets Depreciallon- hlre purchase Hlre of plant and machin8ry Cost ol stocks recognised as an èxpense Lossl Isvrplusl on disposal ol fixed assets Defined Conlrlbullon Pension Costs 25,351 8,464 930,953 59,841 287,435 1,063,230 25,429 381,674 24,410 8,150 861,188 276,704 1,318,871 15861 336,368 Page 29
TIME CT NOTES TOTHE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REMUNERATION AND BENEFITS 11. The Trustees neilher ieceived nor waived any emoluments during the year. Trustees. Expenses Durlng the y8ar, relmbur8ed expenses amounllng lo £nll12024: £Nill In lolal were paid lo nll {2024.' 01 Trustees. 12. STAFF COSTS 31.3.25 31,3.24 Company Wages and salaries Soclal Security costs Deflned benefit penslon costs Olhei pen51on costs 9,591,345 685,954 9,OQD 372,674 10,330,977 727,672 12,000 349 680 10,658,973 11,420,329 Subsldlary Wages and salarles Soclal security costs 219,862 32,979 252,841 98,216 8,969 107,185 10,911,814 11,527,514 Included in wages and salarles are selllemenl payiments lolalllng £67,925 In iespecl 011 Indlvldual (2024: £15,805}. Individually, the payments in 2024 were £14,805 and £1,1]00. The average monlhly number ol employees during Ihe year was as follows,. 31,3.2S 31.3.24 Senior management Leisure, rècreallon & heallh acllvilles Support 496 63 584 62 651 The averag6 monihty number of employees during the year, expressed as lull lime equlvalents was as follows: 31.3.25 31.3.24 Senior management Lelsur6, recreallon & health acllvllies Support 254 54 305 53 313 363 The lolal amount ol employee benelils received by key management personnel is £572,34012024'. £509,846). The trust considers ils key management personnel lo ¢omprise ol the executive directors ollhe charllable Company as delailed on page Page 30
YTIME ACT VE NOTES TOTHE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 12. STAFF COSTS. ¢onllnued Thè number of employees whose emoluments féll wllhln th8 following bands was: 31.3.25 31.3.24 £60,001- £70,000 £70,OD1- £80,000 £80,001 . £90,000 £90,001- £100,000 £120,001 £130,000 £130,001- £140,000 £180,001- £190,000 Emoluments for Ihe purpose of this dis¢losure include gross salary but exclude employers nallonal insurancè and penslon conlribulions. The number ol employees earning In excess of £80,000 IIOT Ihe yearl to whom retirement beneflls are accruing.. 31.3.25 31.3.24 13. TAXATION Thè Chariiable Company pald no corporailon lax during the year. Provisions lor £NII12024'. £NIII have been made al 31 March 2025 lor corporallon lax due in respect ol the surplus from trading aclivilles recoTded In the year ended 31 March 2025. During the year ended 31 March 2025 all irading activities w8re conducted by the wholly owned subsidiary, Mytime Enlerprlses Limlled. 14. TANGIBLE FIXED ASSETS Group and company Eqvlpmenl, plant and fiitings Motor vehicles Improvements to Pfoperty Computer equipmenl Totals COST Al l April 2024 Additions Dlsposals Reclasslficalion 10,563,881 123,548 {1,841,3291 8.810,560 1,355,804 11,815,670) 25,487 2,448,472 21,848,400 86,284 1,565,636 12,055,398) {5,720,8361 18,4391 Al 31 March 2025 8,846,100 8,350,694 17,048 479,358 17,693,200 DEPRECIATION Al1 April 2024 Cha¥ge for year Ellminaled on disposal 6,993,954 432,405 1,839,521) 8,045,838 462,162 1,791,832) 25,487 2,261,950 96,227 2,049,390) 17,327,229 990,794 5,689,182) 8,4391 Al 31 March 2025 5,586,838 6,716.168 17,048 308,787 12,828,841 NET BOOK VALUE Al 31 March 2025 3,259,262 1,634,526 170,571 5,064,359 Al 31 March 2024 3,569 927 764,722 188,522 4,521,171 Page 31
MYTIME ACTIVE NOTES TOTHE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THE YEAR ENDED 31 MARC 2025 16. FIXED ASSET INVESTMENTS Company Shares in group undortakings MARKET VALUE At l April 2024 and 31 March 2025 NET BOOK VALUE Al1 Aprfl 2024 and 31 March 2025 There were no inveslmenl assets outside the UK. The company's Inv8slmenls al the balance sheel date In the share capital of companles In¢lud8d the followlng; Myllme Enterprisès Llmlted (company number 048510041 . Audll exemptlon has been clalmed In rèspect of the enllty's Indlvidual a¢¢ounts In accordance w]th Sectlon 479A of the Companle$ Act 2006. Mytlme Act5ve has guaranteed all of thè Ilabllltles of the company. Nalure ol buslness.. Sale ol food and bev&rages and the provlslon of calering seNlces Class ol share: Ordinary holdlng 100 31.3.25 31,3.234 Aggregate capital and rèserves Prolitfor the year 121,077 179,395 16. STOCKS Group Company 31.3,25 31.3,24 31.3.25 31.3.24 Slocks 118,218 126,609 116,218 126,609 17. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR Group Company 31,3.25 31.3.24 31.3,25 31.3.24 Trade debtors Amounls owed by group undertaking6 Olher debtors Prepaymenls and ac¢rued Income 331,577 203,722 331,577 36,059 203,722 36,071 760,389 930,915 760,389 930,915 1,091,966 1,134,637 1,128,025 1.170,708 Page 32
MYTI E ACTI NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Company 31,3,25 31.3.24 31,3.25 31.3.24 Olher loans Isee note 201 Hiré Puichase (see nole 21} Tiade credllors So¢lal security and other taxes V.A,T. Olher cfedllors Delerred Income Accrued expenses 427,367 427,367 101,307 1.057,362 144,992 81,838 222,251 902,227 2,762,948 101,307 1,057,362 144,992 81,838 222,251 902,227 2,762,936 686,339 175,069 110,415 348,548 960,657 2,166,290 686,339 175,069 110,415 348,548 960,657 2,166,290 5,272,925 4,874,685 5 272,913 4,874,685 Deferred Income relales lo memb8T$hlps paid In advance which were received In Ihe current year, The amount deferred al 31 March 2024 has been released to Iho Statement ol Flnan¢lal Aclivllles In full. Barclays Bank PLC has a fixed charge over the assets of Ihe Company created on 21 Juty 2015 ift respecl of the banklng ladlilles thal11 oxlends lo the Group. A further fixed ¢haige over the assets ofthe tompany was created on 31 January 2021 by BaT¢lays Bank PLC In respect ol a new overdraft facility. 19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Group Company 31.3.25 31,3.25 31,3,24 31.3.24 Other loans (see note 20) Hify purchase (see nol6 211 386,860 386,860 20. LOANS The Charliable Company had a loan wllh London Borough of Broml8y for the ¢rysla1115ed penslon deficll whlch commenced on 31 March 2019. The loan was repayable over 8 years in inslalmenls. Interest was ¢hargeable al 60/0 per annum. From March 2021 Tro Inleièsl Is charged, From Oclob812022 Snleresl chaiges recommencéd. The loan was repaid in lull In OGlobo1 2024, An analysis ol the maturity of loans is glven below,. Group Company 31,3,25 31.3.24 31,3.25 31.3.24 Amounts lalllng due wlthln onè year on demand.. Other loans 427,367 427,367 Amounts lalllng due beiween one and years.. Other loans Amounts falllng due beeen Iwo and live ye8TS', Other loans Amounts falling due In more than five years.. Olher loans 427,387 427,367 Page 33
MYTIME A IVE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THEYEAR ENDED 31 MARCH 2025 21. LEASE COMMITMENTS Mlnlmum lease payments under hire purchase fall due as follows.. Group and company 31.3,25 31.3.24 Amounts lalllng due wilhln one year Amounts falling due between one and Iwo years Amounts falling du6 belween and live years 101,307 109,238 277,622 488,167 The lollowing op6raling lease payments ar8 commllled to be made wllhln Ihe speclfied perlods.. Group and ¢ompany Land and bulldings 31.3.25 31.3,24 Equipmènt 31.3.25 31,3,24 Amounts lo be paid,, within one year BelNeeTh one and live years In more than fiv8 years 1,776,231 10,235,665 168,609,734 1,657,115 7,764,576 163,782,958 225,720 432,031 142,303 419,854 180,621,630 173,204,649 657.751 562,157 22. PROVISIONS FOR LIABILITIES Group and company 31.3,25 31.3.24 Provisions for dilapldalioTrs 598,379 536,601 The Charitable Company's premises are leased under operallng leases. The majority of leases Include end of lease reclilicalion ¢lauses which impose certain requirements on the Charilable Company lo complete repalrs and maintènance or re-decoralion aclivilles11 required, Th8 Charitable Company provides lor Tepalrs and maintenance obligallons as il becomes aware of any signillcanl amounts that will be requiied, The Charitable Company does nol provide lor amounts where the potential exposure cannot be reliably measured and accordingly does not anllclpate polenllal repairs and maintenance. Addilionally the Charitablè Company malnlains the cenires lo a hlgh standard and compleles any necessary repairs and maintenance on a limoly basis, addressing any events Ihal require expèndllure throughout Ihè lease pèrlod as and when reqUId. Su¢h costs are expensed as Sneuired. 23. EMPLOYEE BENEFIT OBLIGATIONS The Charllable Company operates dèlined ben6111 p8nslon hMeS for som8 èmployees. The Charitable Company has admltted body slalus lo the penslon lunds. Conlilbulions lo the schemes are charged lo the Slalemenls ol Finanelal AclivSlles so as lo spread the cost ol pensions over employees, worklng lives wlth the Charitable Company in such a way that the penslon cost is a subslanbal level per¢enlage of fulure penslonable payioll. Actuarial valuations ol the schemes are performed by a qualified actuary uslng the projected unll method, Th8 most recent formal valuallons ol the schemes were al 31 March 2022 and Ihls has been updated lo 31 March 2025. Page 34
MYTIME ACTIVE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 23. EMPLOYEE BENEFIT OBLIGATIONS. ¢ontlnuid Defined benefit pension plans 31.3.25 31.3.24 Present value ol lunded obligations Impact ol asset celllng Impact ol cessation of Kent scheme Falr value of plan a$8els 11,036,ODOI 1648,0001 11,625,000) 1486,0001 173,0001 2 184,000 1,724,000 Present value ol unlunded obligations 40,000 The amounis re¢ognised In the slalemenl ol financial aclivilles are 35 foll¢)WS'. Oelined benefil penslon plans 31.3.25 31,3.24 Current service cost Past seNlce cost Nel inleresl cost Adminlslrallon expenses 9,000 18,000 124,0001 118,000) 15,0001 Actual return on plan assets 72,000 1fj4,000 Thè amounts re¢ognlsed In other ¢ompiehensive Income are as follows.. Dèfined benefit P9nsion plans 31.3.25 31.3,24 A¢luarlal Ilossesl I gains 25,000 402,000} 25,000 402 000 Changes In thè present value of th6 deflned benefit obllgallons are as lollows: Defined benèfit pension plans 31.3.25 31.3.24 Defined benefit obligation Current setvice cost Past servlce cost Conlribullons by scheme participanls Interest Qosl Re-measurement Ilossesl I galns Benefits pald Cessallon ol Kent scheme 11,312,000) 19,0001 11,561,000) 118,0001 13,0001 160,0001 199,000 149,000 16,0001 174,0001 16,000 18,000 313,000 1,036,000> 1,312,000) Page 35
MYTIME ACTIVE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 23. EMPLOYEE BENEFIT OBLIGATIONS- contlnued Changès In ihe lairvalue ol scheme assets are as follow5,. Defined benefit penslon plans 31.3.25 31,3.24 Fair value ol scheme assets Conliibullons by employer Conlribulions by scheme partitlpanls Inlèresl on plan assets Re-measuremenl gains I110ss6sI 8enelils paid Cessation of Kenl scheme 1,798,000 2,026,000 6,000 6,000 92,000 72,000 118,0001 386,0001 3,000 84,000 112,000} 1149,0001 1,724,000 1,798,000 The malor categories ol scheme assets as a percentage ol lolal scheme assets are as follows.. Delin6d benelil pension plans 31,3.25 31.3.24 52.OOYo 55.540 34.3Tr 1.100h 1.69% 7.37• Equilles Bonds Cash Othor Property 2.000 0.000 10.OOYo ioo.oo% 100.OOQh Princlpal actuarial assumptions al the balance sheet dale.. 31.3,25 31.3.24 Discount rate Fulure salary increases Future penslon incrèases Price incieases 3.75Vo 3.75%. 3,85Yo 2,75010 2,75Yo- 2.85Yo 2.75'/0 2.75Yo- 2.85Q The followlno table sets out the sensilivlty analysls produced by Ihe actuary iepoTiing in respect ol the Hampshire County Fund.. Changes In assumptlons at 31 March 2025 Approxlmate Y. In¢rea$e to deflned Approxlmate monetary amount benellt obllgatlon £000 0.1Yo decrease in Real Discount Rale l year Increase in member1116 expectancy 0.1trA incieas& in the salary Increase iale 0.1Wo Increase In the pension Incrèase ICPI) 2Yo 4Yo 18 41 00 2% 18 Page 36
MYTIME ACTIVE NOTESTO THE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 23. EMPLOYEE BENEFIT 08LIGATIONS- contlnu•d Deflned benefll pgnslon plans Arnounls for the currenl and last Ilve periods are as lollows.. 31.3.25 31.3.24 31,3.23 31.3.22 31,3,21 11,036,000) 11,312,000) 11,561,000) 12,588,000) 12,717,000) 1,724,000 1,798,000 2,026,000 2,224,000 2,088,000 1648,0001 1486,0001 1408,0001 40,000 57,000 Defined benefit obligallon Fair value of scheme assets Impa¢1 ol a$5el cellln9 (Dellcilllsurplus Experience adlu$lmenls on scheme assets Experience adjuslmBnls on schèm6 1364,000} 1829,000) 11,000 141,0001 139,0001 Employer conlrlbulion rale lor the year ending 31 March 2025 for Hampshire 1$ 21Yo. Page 37
MYTIME CTIV NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. GONTINUED FOR THEYEAR ENDED 31 MARCH 2025 24. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.25 Total funds 31.3,24 Total lunds Group Unreslficled Reslrlcled funds fund Flxed assets Current assets 5,064,359 6,518,017 15,272,925) 1386,8601 1598,379) 5,064,359 6,637,738 15,272,925) 1386,8601 1598,3791 40,000 4,521,171 6,405,943 {4,874,6851 119,721 Long term liabililles Provlsion lor liabilities Pension asset 1536,601} 5 384,212 119,721 5,483,933 5,515,828 31,3.25 Total lttnds 31,3,24 Total funds Company Unreslricled Reslficltsd funds fund Flxed assets Investments Current asse1$ Current liabilllies Long tsrm liabililles Provlslon lol Ilabililltss Penslon asset 5,064,359 5,064,359 4,521,171 6,518,004 15,272,913) 1386,860) 1598,3791 40,000 119,721 6,637,725 16,272,913} 1386,860) 1598,379) 40,000 6,405,942 14,874,685} 1536,601) 5,364,212 119,721 5,483,933 5,515,828 Comparative infoirnalion in respect of the preceding peiiod is as follows,. Unreslricled RÈslfiCt8d funds fund 31.3.24 Toial funds 31.3.23 Totsl (unds Group Flxed assets Current assets Current Ilabililies Long term liabilities Provision for liabilities Pen8Son Ilability 4,521,171 6,278,244 {4,874,685} 4,521,171 6,405,943 14,874,685) 4,930,792 5,661,019 15,128,365) 1422,3201 1374,899} 57,000 127,699 1536,6011 {536,601} 5,388,129 127,699 5,515,828 4,723,227 31.3.24 Tolal lunds 31.3.23 Total funds Company Unrèslrlcled Reslrlcled funds fund Flxed assets Investments Curienl assets currenl11abllilles Long lerm liabilities Provislon for liabilities Penslon liability 4,521,171 4,521,171 4,930,792 6,278,243 14,874,685> 127,699 6,405,942 14,874,685} 5,661,018 15,128,365) 1422,3201 1374,8991 57,000 1538,601) (536,801} 5,388,129 127,699 5,515,828 4,723,227 Page 38
MYTIME ACTIVE NOTESTO THE CONSOLIDATED FINANCIAL STATEMENTS. FOR THE YEAR ENDED 31 MARCH 2025 ONTINUED 25. MOVEMENT IN FUNDS Group Net movement in funds At1.4.24 Al 31,3,25 Unreslrlcted funds General lund 5,388,129 5,388,129 23,917 123,9171 5,364,212 5,364,212 Restrlctèd funds Acllve Lifestyles MyFulure Arts Irain Healthy Agelng Programm8 Gel Active ENNS Together Fund Vital 5 Bromley Innovation Fund London Marathon Funding 95,777 9,285 3,942 2,259 10,492 5,964 182,1561 2,494 11,0881 12,2591 110,492} 15,984} 79,825 11,597 65 13,621 11,759 2,854 79,825 11,597 65 127,699 {7,9781 119,721 TOTAL FUNDS 5,483,933 Company Nel movement in luThds A11,4.24 Al 31.3.25 Unrestrlcted funds General fund 5,388,129 5,388,129 23,917 123,9171 5 364,212 5,364,212 Restrl¢ted funds Aciive Lllestyles MyFulure Arts train Healthy Agelng Programme Gel Adive ENNS Together Fund Vital 5 Bromley Innovallon Fund London Maralhon Funding 95,777 9,265 3,942 2,259 10,492 5,964 182,156) 2,494 11,0881 12,2591 110,4921 15,9641 79,825 11,597 65 13,621 11,759 2,854 79,825 11,597 65 127,699 17,9781 119,721 TOTAL FUNDS 5,483,933 Page 39
YTIME ACT VE OTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THE YEA DED 31 MARCH 2025 26, OVEMENT IN FUNDS-contlnued Comparative Informallon in respecl of the preceding period is as follows.. Group and Company Nel movemenl in funds A11.4.23 Al 31.3,24 Unrestrl¢ted funds General fund 4,617,381 4,617,381 770,748 770,748 5,388,129 5,388,129 Re$trl¢ted funds Active Lifestyles MyFulurts Arts Iraln Healthy Agelng Programme Gel Activ8 ENNS Together Fund 67,762 {67,7621 95,777 (13,5841 19,034) 95,777 9,265 3,942 2,259 10,492 5,984 22,849 12,976 2,259 10,492 5,964 105,848 21,853 127,699 TOTAL FUNDS 4,723 227 792,601 5,515,828 N61 movement in funds, Included in the abov8 are as follows.. Group Income Expenditur8 Galns, losses and Iransfers Movement in lunds Unre$lrl¢led funds General lund 22,954,043 22,954,043 23,002,960 123,002,960> 25,000 25,000 23,917 123,9171 Re$trl¢ted funds My Future Arts Traln Heallhy Agelng Programme Gel Active ENNS Tog8lher Fund Vital 5 BromlÈy Innovallon Fuhd Clarion Health Grants Yardlèy Neighbourhood Netwo Scheme London Marathon Funding 752 90,360 1,999 182,908} (87,866} 13,0871 12,259} 115,179} 15,964) 115,6821 11,7671 11,6801 16,9821 15,4891 182,1561 2,494 11,0881 12,2591 110,4921 15,9641 79,825 11,597 4,687 95,507 13,364 1,680 6,982 15,554 65 230,885 1238,8631 17,978} TOTAL MOVEMENT IN FUNDS 23,184,928 23,241,823) Page 40
YTIME ACTIVE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THEYEAR ENDED 31 MARCH 2025 25. MOVEMENT IN FUNDS- contlhued Company In¢ome Expendilufe Gains, losses and transfèrs Movemenl in funds Unrestrlcted funds GeneTal fund 22,421,686 22,470,603) 25,000 23,917) 22,421,686 {22,470,6031 25.000 (23,9171 Reslrleted funds My Future Arts Train Healthy Ag8lng Plogramme Gel Active ENNS ToyelheT Fund Vllal 5 Bromley Innovation Fund Clarion Hèallh Grants Yardley Nelghbourhood Network Scheme London Maraihon Funding 752 90,360 1,999 182,908} {87,8661 13,0871 12,2591 115,1791 15,9641 115,6821 {1,7671 11,680) 16,982) 15,4891 182,1561 2,494 11,0881 12,259} 110,492} 15,964} 79,825 11,597 4,687 95,507 13,364 1,680 6,982 15,554 65 230,885 {238,8631 17,9781 TOTAL MOVEMENT IN FUNDS 22,652,571 22 709.4661 25,000 31,895 Comparative information In respecl of Ihg precedln9 period is as follows.. Group Income Expendllure Galns, losses and transfers Movem8nl in funds Unrestrlcted funds General fund 25,021,444 24,255,458) 770 748 25,021,444 124,255,458> 4,762 770,748 Restrlcted funds Active Llfèstyles Come and Play Arts Iraln Healthy Agelng Programme ENNS Togtslher Fund Changlng Spaces 167,762} 167,7621 95,777 113,5841 {9,0341 10,492 5,964 95,777 97,832 1,451 14,549 7,380 140,000 (105,2161 {10,4851 14,0571 11,4161 140,0001 350,789 1261,1741 167,762} 21,853 TOTAL MOVEMENT IN FUNDS 792,601 Page 41
TIME ACT NOTESTO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 25. MOVEMENT IN FUNDS-contlnued Compaialive Snlormalion in respect of tho preceding period is as follows,. Company Income Expendllure Gains, losses and transfèrs Movement in funds Unrestrl¢t6d funds General fund 24,737,387 23,971,401) 4,762 770,748 24,737,387 123,971,401) 4,762 770,748 Restrl¢ted fund8 Active Lll8styles Come and Play Artg traln Healthy Agelng Programme ENNS Together Fund Changing Spaces 167,7621 167,7621 95,777 113,584} 19,034) 10,492 5,964 95,777 91,632 1,451 14,549 7,380 140,000 {105,216} 110,4851 14,0571 {1,4161 140,0001 350,789 1261,1741 167,7621 21,853 TOTAL MOVEMENT IN FUNDS 24,232,575 25,088,176 63 0001 792.601 Acllve Llfestyles Funding for referral PTogrammes lor healthy Ilfestyl6s In partnershlp wilh local publiG health and prirnary ¢ar6. MyFutur6 MyFutuie is a Sports Oulrea¢h piogramme worklng In targeted areas of Bromley lo provlde quality aclivilles lor young people aged 11-19. The partnership intludes Myiime Active, the London Borough of Bromley, Clarlon Housing Asso¢lation and the Harrls Acadomy Orpington. The programme offers free aCtlty sessions each week, Art$ Traln This is a borough-wide project which gives young people access lo a dlvèrso range ol creative musifrmaking opportunities. Funders and partners include Youlh Muslc, Art Council England and Clarian Housing Associauon. Healthy Agelng Programme Fundlng souiced through a range of partners, including Pro Active Bromley lo Incfease physlcal activity opporiunilles for older people. Acllvt Bromley Fundlng sourced Ihrough Ihe Community Lottery Fund via Community Links Bromley lo enGourage and support older people Impacted by Covid Into a slrucluied, sale. weèkly physical aclivlty program Get Acllve A project funded by England Golf lo Increase Ihe number of black and minority community groups and Indlwduals into goll in Birmingham. ENNS A projeel lo Incr8as& partlclpalion and promotè heallhler Ilfestyles, prlmafily almed al over 50's bul also those wllh addllional needs, Together Fund A prolecl funded by Blrmlngham Sport and Physlcal Aclbjlty Trust lo provlde a 12 week gym on referral programme, and a 6 week golf on referral programme, almed al introducing inaelive people to physlcal activity, Vltal 5 Funding from thè IC8 lor ovr Exerclse Specialisls lo deliver Vital 5 Lllestyle checks from the One Bromley Wellbeing Hub Bromley Innovatlon Fund Fundlng from LB Broml6y for a Pfimelime ¢ommunity prolecl, Ihrouuh which we vlsll wellbelng Cafes and communlty gioups lo talk about the benellls of physical aclwily and engage people in a lasler sealed exerclse sesslon. Page 42
MYTIME ACTIV NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS-Gonllnued 25. Clarlon Health Grants Funding lo provide a range of a¢tlvllles foryoung people who attend Ihe Bromley Youth Support programm6 Yardley Nelghbouyhood Network Schème Is a clty.wlde initiative lunded by Biimlngham City Council lo promote health and wellbelng amongst Older Pèoplts London Marathon Foundallon Grant awarded lor accesslble pool equipment lor people wllh tomplex needs. 26, CAPITAL COMMITMENTS The group has commllmenls In accordance with ils leases with th8 London Borough ol Bromley lo Implemenl a program of apilal Improvemenls lo leased property wilhin the first 5 years of the updated lease, effective from 1 Aprll 2019, The leases do not specify an amount ol Investment required, bul an agreement alongslde the leases does Indicate Ihal the program Is Ilkely lo be in the reglon of £2,5m. Mwme Active has spent approxirnalely £2m on the required program up lo 31 March 2025 and the delalls of Ihls spend have been shared wllh ihe lessor. At 31st MaTch 2025 capital expendllure authorised bul not conliacled for amounled lo £62,407123124 £454,939). 27. LEGAL STATUS The Charity is a Company limited by guarantee and has no $hare capllal. The liability of each member In th6 event ol wlndlng up is Ilmlled lo £1, 28. RELATED PARTY TRANSACTIONS Trustee Cllr R Evans Is a Director ol lh6 Impacl Mulli-Academy Trust. Transacllons relate lo the hlrè of sports lacllilies by the academy Irusl. These sales lolallod £1,073 {2024,' £4571 and a balan¢è ol £nll12024'. £nill was due lo Mylime Active al 31 MaTch 2025. Trustee J Shakespeare Is Director ol Strategic Projects al 4Global. Transacllons relatè lo the purchase of an annual $ubs¢rlpllon. The purchases lolalled £7,628 and a balance of £nil was due by Myiime A¢livè al 31 March 2025. 29. ULTIMATE CONTROLLING PARTY There is no ultimate conlrolllng paty. The Board of Twslees and the managemenl team are responsible for Ihe slraleglc and op8rallonal decislons of Ihe Chartlable Company. 30. EVENTS AFTER THE BALANCE SHEET DATE In February 2024, the chariiable company was reqvired lo tease Iradlng from one ol ils siles lollowlng the Idenlilicalion ol slruclural issues by Ihe landlord, Under the terms of thè lease, the landlord is required to give notice of such a closure oi olherwlse compensate the company for the resulting loss ol income. Negollalions In respect of the compensation are ongolng. The landlord has agreed lo compensate the company by granllng renl.lree period when the property reopens, the value ol which Is S11 subject lo negollallons, The financial effect ol arsy such agreement wlll bè r8cognlsed In lulure accounllng periods whèn the renl-Ir6e perlod Is received and accounled lor as a lease Incèntive In a¢¢ordan¢e wllh the accounting standard. Page 43