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← Doncaster Culture And Leisure Trust

2025-03-31-accounts

DONCASTER CULTURE AND LEISURE TRUST

(Company Registration Number: 04410993)

ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

DONCASTER CULTURE AND LEISURE TRUST

CONTENTS

Page
Directors’/trustees’ report 1 – 9
Statement of trustees’ responsibilities 10
Independent auditor’s report 11 - 13
Consolidated statement of financial activities 14
Charity statement of financial activities 15
Balance sheet 16
Consolidated cash flow statement 17 - 18
Notes to the financial statements 19 – 38

DONCASTER CULTURE AND LEISURE TRUST

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The trustees are pleased to present their report together with the financial statements of the charity for the year ending 31 March 2025.

Reference and administrative details

Charity Number: 1103465
Company number: 4410993
Registered Office: The Dome
Doncaster Leisure Park
Bawtry Road
Doncaster
DN4 7PD
Auditor: Hawsons Chartered Accountants
5 Sidings Court
White Rose Way
Doncaster
DN4 5NU
Bankers: Barclays Bank plc Co-operative Bank plc
10 Pound Walk South Yorkshire Business Centre
Doncaster Fountain Precinct
DN4 5HJ Balm Green
Sheffield
S1 2JZ
Legal Advisors: Employment Law Corporate and Commercial
Schofield Sweeney Schofield Sweeney
Church Bank House Church Bank House
Church Bank Church Bank
Bradford Bradford
BD1 4DY BD1 4DY

Directors and Trustees

The directors of the charitable company (the charity) are its trustees for the purpose of charity law and throughout this report are referred to as its trustees.

The trustees serving during the year and since the year end were as follows:

Elected trustees:

A Burden (Chair) R Byrne P Gleadhall M Gutowski M Hewitt T Jones – resigned 12/09/2025 B Roberts – resigned 19/02/2025

Doncaster Council nominee Cllr Nigel Ball

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DONCASTER CULTURE AND LEISURE TRUST

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trusts’ Officers are:

Chief Executive M Hart Chief Operating Officer C Hone Chief Financial Officer M Brookes Secretary Schofield Sweeney LLP

Structure, Governance and Management

Governing Document

Doncaster Culture and Leisure Trust (DCLT) is a company limited by guarantee governed by its Memorandum and Articles of Association dated 9 January 2002. It is registered as a charity with the Charity Commission. As a company limited by guarantee there are no shares in which the trustees have an interest.

Appointment of trustees

As set out in the Articles of Association, the number of trustees shall be not less than seven. Both elected trustees and the Council nominated trustee are appointed to serve for a period of three years. At the expiry of his/her term of appointment each elected trustee may offer himself/herself for a further term of three years. The Council nominated trustee may be replaced by the Council at any time.

Prior to the Annual General Meeting, all members are advised of any existing trustee whose term of office is complete and whether or not they wish to offer themselves for another term. Their appointment for a further term is determined at the AGM.

Applications from new trustees, as required, are sought by public advertisement or recommendation, having regard to the most recent trustee skills audit. Through the financial years, the Chair have been working with the Executive have reviewed the structure of the organisation and conducted a skills gap. This has seen a proactive recruitment process for Trustees in the fields of culture, health and capital development to build capacity within the Trustee body.

Nominees appointed by Doncaster Council are subject to the appointment processes of that body and the guidelines on appointment to public office as they apply to local government nominees.

Trustee induction and training

New trustees undergo induction training to brief them on their roles and responsibilities as well as their legal obligations under charity and company law. Training also covers the company funding arrangements, business planning and financial performance monitoring. During the induction process they are introduced to key staff.

Updates and refresher training is organised as appropriate for existing trustees.

Organisation

The board of trustees administers the charity and operates several meetings across a schedule to ensure good governance.

The General Purposes Committee meets quarterly and keeps under review all matters of governance and risk management and gives greater scrutiny to financial accounts and budgets. Through the year, additional meetings were held with the executive to maintain support and scrutiny as the company commenced the full reopening of the company.

The main Board meets quarterly and reviews company performance against the annual strategy. This is supplemented by meetings of the other subsidiary companies.

Meetings take place between the Executive of DCLT with colleagues within a range of departments in the local authority. The meetings cover company performance and future planning regarding both opportunity and risk, while also considering wider thematic subjects such as culture, physical activity and the building of capacity of voluntary sector.

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DONCASTER CULTURE AND LEISURE TRUST

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

A Chief Executive is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for all operational matters.

The Chief Executive is supported by the Chief Operating Officer and the Chief Financial Officer in delivering the strategic aims of the charity.

Related parties

The charity works closely with the City of Doncaster Council in developing and delivering a successful leisure, physical activity and culture strategy for the borough and wider area. In addition to these strategic themes, the Trust also supports the voluntary sector of the City of Doncaster through the Social Isolation.

Of the company portfolio, 10 buildings operated by the Trust are owned by the Council and monies are made available by them to the charity for maintenance of the assets as well as revenue subsidy towards the provision of its charitable objectives.

The charity has three wholly owned subsidiaries, which support strategic and operational delivery of the portfolio:

Risk Management

The trustees have a risk management strategy which is reviewed quarterly by the Leadership Team and on annual basis by the Board of Trustees.

Risks are scored, and the necessary systems and procedures required to mitigate those risks are identified.

The Leadership Team continues to develop procedures to assess risk in conjunction with the General Purposes Committee, led by Trustees.

The company remains alive to the challenging trading conditions within the sectors we operate has developed a robust response to risk and the charitable company is subject to regular review through internal challenge and the types of impacts which the charitable company faces include:

Objectives and Activities

DCLT is the preferred contractor by the local authority for the provision and delivery of leisure, physical activity, and culture in Doncaster. The charity’s vision is to increase opportunities for and participation in sport and culture to improve the lives and wellbeing of our clients and their communities.

The charity exists to manage the leisure and entertainment experience to improve the lives and wellbeing of our clients and their communities. Principally we target ourselves with promoting the benefit of the inhabitants of Doncaster and its environs by the provision of facilities for the recreation and leisure time occupation in the interests of social welfare.

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DONCASTER CULTURE AND LEISURE TRUST

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

In achieving our wider purpose, the charity aims to support people overcome the negative impacts of mental health, inequality, and isolation.

The charity’s scope of work and reach has developed to include management and strategic support of wider Team Doncaster initiatives. These include:

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities.

The trustees also confirm that they have complied with the duty in Section 4 of the Charities Act 2011.

The objectives of the charity are:

  1. To promote the benefit of the inhabitants of the Metropolitan Borough of Doncaster and its environs by the provision of facilities for the recreation and leisure time occupation in the interest of social welfare.

  2. To promote and preserve good physical and mental health.

  3. The advancement of the education of the public by the aid, establishment, funding or sponsorship of bursaries, scholarships or grants to any person or persons, institution, association, or corporate body for the purpose of furthering the objects of the company

  4. To promote, maintain, improve, and advance public education by the encouragement of the arts, including the arts of singing, music, dance, drama, and mime and to formulate, prepare and establish schemes.

  5. The promotion of community participation in healthy recreation by the provision of facilities for playing particular sports.

The strategies employed to achieve the charity’s objectives are to:

The Trust’s Business Plan was renewed for delivery from April 2024 and this stated the strategic intent to pivot the company to health and wellbeing offer, while maintaining commercial objectives to underpin charitable objectives. This work has followed the plan and seen the organization further cement the role of DCLT in the fabric of strategic conversations across health, wellbeing, culture and the voluntary sector.

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DONCASTER CULTURE AND LEISURE TRUST

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trusts’ values are:

The Trust’s approach through the year continues to align with improving access to essential services in the local communities that we serve, without the need to travel outside of a locality. We continue to build on the previous year’s work and are pleased to confirm that our social value was £88.12m in 2024-2025, an increase of £27.34m from 2023-2024, which was our baseline.

Regular reporting to the local authority and our customers offers the Trust the opportunity to share the scale of work taking place and the reach of the Trust.

The set of outcomes remain the same and are measured through high-quality evidence of impact are illustrated below:

==> picture [497 x 271] intentionally omitted <==

----- Start of picture text -----
Outcome Mapping
Education/Employment Social Physical Health Mental Health Economic
Reduced cases of
Reduced Reduced Reduced
NEET (Not in Facility
incidence incidence of incidence of
employment, education investment
of crime hypertension schizophrenia
or training
Improved Reduced Reduced
Reduced school Consumer
subjective incidence of incidence of
absence spending
wellbeing diabetes anxiety
Reduced Reduced
incidence of incidence of
strokes depression
Reduced Reduced
incidence of incidence of
cancers dementia
Reduced
incidence of
ischemic heart
disease
Reduced
incidence of
osteoporosis
----- End of picture text -----

Through our insight, the following valuations were recorded for the full year:

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DONCASTER CULTURE AND LEISURE TRUST

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The total assessed social value generated by DCLT amounts to £88.12 drawn from the following areas of activity:

Based on expenditure of £19.19m this amounts to a social return on investment ratio of £4.59 for each £1 invested, a year-on-year increase of 38%.

This is comparable with the findings of a study commissioned by Sport England which found that for every £1 spent on community sport and physical activity across the whole of England, a return of £3.91 is generated, and evidences he critical role of the Trust in the promotion, delivery and engagement of physical activity, health and wellbeing and reduction of social isolation for our communities, enabling the people of Doncaster to choose how they move, play and access activities to support improvements in their lives.

Operating across Doncaster we acknowledge the challenge we face by working with all stakeholders to respond to the borough’s place in the Index of Multiple Deprivation 2019, highlighting nearly 19% of Doncaster’s neighborhoods fall within the 10% most deprived in England, and 53% among the 30% most deprived.

Sport England’s Active Lives data shows that people from lower socio-economic groups are less likely to be active (53%) than those from more affluent groups (73%).

As such, the investment and effort required to engage those from more disadvantaged neighborhoods is typically higher than it is for those from more affluent areas.

The major investment program, funded by The City of Doncaster of council provides the platform for the Trust to improve our venues and introduce new facilities and activities to drive economic recovery, to achieve a substantial reduction in revenue funding from April 2026. The capital program is underpinned by a replacement plan for fitness equipment which responds to each individual community and not a ‘one size’ fits all approach.

The Trust has endeavored to maintain communities at our core. Reaching and listening to our customers has improved through a restructuring of the operational structure at leisure venues offering a venue point of contact for all customer feedback. This emerging strategy has seen the reintroduction of focus groups at all venues with group engagement on a range of facility conservations.

The business strategy and associated budgets for 2024-2025, built on the Choose brands, which have seen considerable growth in the year, particularly within our Choose Fitness brand, where investment in Choose Balby and Rossington have seen membership numbers double in size. At the heart of all projects are 3 principles:

  1. Investment that will generate additional income in the future

  2. Investment that will save costs in the future

  3. Investment that will make the organisation more efficient, increase or save capacity

The venues invested in the year were: Adwick Leisure Centre Choose Fitness, Balby Rossington Leisure Centre Thorne Leisure Centre

The capital investment in Thorne Leisure Centre and The Dome is of significance with a combined financial envelope of circa £21m. This will see fundamental business improvements focused on preserving the assets for a 15–20-year window.

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DONCASTER CULTURE AND LEISURE TRUST

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The organisation has continued to grow capacity through the recruitment of new staff as programs and venues have been restored or reopened.

Recruitment has stabilized in some areas of the organisation, with a refocused approach of localized advertising and targeted campaigns for roles such as swimming instructor through free courses.

It is the policy of DCLT to treat all employees and job applicants fairly and equally regardless of their sex, sexual orientation, marital status, race, colour, nationality, ethnic or national origin, religion, age, disability, or union membership status. The policy applies to recruitment and selection, terms and conditions of employment including pay, promotion, training, transfer, and every other aspect of employment.

Applications for employment by disabled persons are always fully considered and in line with the Disability Symbol commitments, DCLT will interview all applicants with a disability who meet the minimum criteria for a job vacancy and consider them on their abilities. DCLT will ensure there is a mechanism in place to discuss at any time, but at least once a year, with disabled employees what can be done to make sure they can develop and use their abilities and will make every effort when employees become disabled to ensure they stay in employment. It is the policy of the charity that the training, career development and promotion of disabled persons should, as far as possible, be identical with that of other employees. The Chief Funding and Information Officer attends The Ethnic Culture Fusion Network, aimed at promoting shared responsibility in responding to improved representation at all levels in the organisation and work is ongoing to develop our equality, inclusivity and diversity program of works.

Pension

The transfer of leisure facilities from Doncaster Council on 1st April 2011 also included the transfer of those staff employed at the centres. To facilitate this and protect the employment terms and conditions of those staff involved, DCLT became an admitted body of South Yorkshire Pension Authority. A further tranche of staff was transferred from the Council in September 2013 when the CAST theatre (Doncaster Performance Venue, a charitable subsidiary of DCLT) began trading. The pensions asset in relation to transferred staff amounted to £1,262,000 on 31[st] March 2025.

Culture

The Trust leads on several strands of work that sit outside of the core contract with the local authority and the company’s role in developing the culture offer, expanded throughout the year.

Right Up Our Street (RUOS)

Doncaster’s Creative People & Places project funded by Arts Council England delivered a number of community and place making events, culminating in the DN Light Festival in November 2024, which is programmed and curated by the communities of Doncaster. The event was attended nationally and elevated the work of RUOS.

The Trust is the lead Consortium partner, and the Chief Executive chairs the Consortium and supports the Director of RUOS and her team.

The project is currently in Phase 4 and funding has been secured for a new Phase 5 funding from April 2026.

Cast

Cast is delivered strategically and operational by Doncaster Performance Venue Ltd, which has its’s own leadership team and Board of Trustees.

In September 2025, 6 of our Trustees resigned over a disagreement about an ongoing repair issue with our building.

The board remained quorate at all times, one on the resigning Trustees rejoined the board and has been joined by a further 2.

We are actively looking for new Trustees and are undergoing a skills audit at present. We are working with both Art Council England and City of Doncaster Council to help us with this recruitment. At no time was the day to day running of the charity affected.

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DONCASTER CULTURE AND LEISURE TRUST

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Doncaster Cultural Strategy

The Chief Executive is a member of the Culture Portfolio Board which is strategically steering the delivery of the culture program in the city. The publication of a new strategy for Doncaster has been curated by the ‘engine room’, a small strategic group made of The City of Doncaster, Doncaster Community Arts and Doncaster Culture & Leisure Trust.

The Chief Executive of Doncaster Culture & Leisure Trust represents Doncaster on a regional and national platform within the creative industries..

Doncaster Grand Theatre

The Chief Executive is a member of the Doncaster Grand Theatre Steering group and has led a successful funding bid to Theatres at Risk Trust to engage consultants to establish options for the governance and business strategy for the venue operation.

Social Objectives

To support networks in the borough to help Doncaster become the least loneliest place in England

DCLT is the lead consortium partner of Doncaster Social Isolation Alliance and with anchor organisations such as Citizen’s Advice and Age UK continue to support the third sector throughout the year. Due to the company infrastructure, funding was committed to the Alliance and disseminated to organisations to continue to deliver food banks, community activity or sustain small, sole trader organisations within the voluntary sector.

In addition to delivery, further funding bids on behalf of the sector continue to take place and the Alliance is committed to a recovery plan for the third-sector organisations.

Partnerships

Senior Officers of the company hold a range of places on strategic groups and/or Boards to enhance both the company’s delivery but also support local strategic goals.

Detailed below are a range of partnerships that the Trust is represented on:

Get Doncaster Moving Board Member
Doncaster Cultural Portfolio Board Member
Doncaster Music Hub Chair
Community Leisure – NE Region Partnership Member
CDC Health and Wellbeing Board Board Member
Neighborhood Health Strategic Group Partnership Member

Financial Review

The costs of providing our charitable activities are targeted to be in part, defrayed by monies gift-aided to us from the profits made by our trading subsidiary, DCCE. In 2024/2025, DCCE made a gift aid contribution of £519,490 from profits generated in 2023/2024.

The charity received an underwriting from Doncaster Council to support its leisure charitable objectives in the form of a management fee. The fee for 2024/25 was £2,145,000 to support revenue costs.

The council have substantially supported the Trust in providing additional funding to ensure the viability and going concern status of the company from April 2024 through to March 2025. There is a confirmed commitment of a £1,760,128 underwriting for the group of companies for 2025-2025.

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DONCASTER CULTURE AND LEISURE TRUST

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Net incoming resources for the charity for 2024/25 were £1,674,104. This figure reflects the funds received in year for the extensive capital program that are still in progress. The accounting adjustments required by Financial Reporting Standard 102 (FR102) (Retirement Benefits)’, however, is for an actuarial gain on the pension fund of £1,262,000.

Total surplus carried forward, therefore, is £10,323,529.

The total amount of incoming resources including grants and donations in the year was £17,504,669.

Of this, £6,102,727 was restricted fund income.

Capital Maintenance and Investment

As owners of the buildings, Doncaster Council fund capital works needed to maintain them to a high standard.

Team Doncaster Strategy places locality services front and centre and as such the notion to protect leisure assets in communities has been embraced by Doncaster Council.

Funding has been allocated for a number of long-term projects which commenced throughout the financial year. This funding was £5,625,463 for 2024/25.

Investment Powers and Policy

The trustees, having regard to the liquidity requirements of operating its facilities, and to the reserves policy, have a policy of retaining balances in interest bearing deposit accounts when possible.

Reserves policy

The pension liability is underwritten by Doncaster Council. The reserves policy seeks to address remedial risk. Currently our strategy has been to safeguard against reduced income (through a variety of assessed risks) and increased costs (again through a variety of assessed risks). The reserves policy is as follows:

‘The Trust recognises a number of risks to our ability to maintain continuous high-quality leisure provision to our clients and their communities throughout the year. In order to safeguard against loss of income and/or increased costs based on our assessment of these business risks, the Trust requires a level of reserves.

The Trust also acknowledges a possible requirement for funding future capital expenditure outside the Council’s responsibilities as landlord.

The level of reserves needed, based on the above is equivalent to one month’s turnover for DCLT (and one month’s contribution for DCCE).’

The actual reserves at 31 March 2025 showed £10,323,529.

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DONCASTER CULTURE AND LEISURE TRUST

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Trustees’ responsibilities in relation to the financial statements

The trustees’ responsibilities in relation to the financial statements are set out in the “Statement of Trustees’ Responsibilities”.

The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include:

The trustees have reviewed the adequacy of the charity’s current internal controls and are pleased to report these conform to guidelines issued by the Charity Commission

Provision of information to auditors

So far as each of the trustees is aware at the time the report is approved:

This report was approved by the board on 18[th] December 2025 and signed on its behalf.

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.
A Burden
Director
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DONCASTER CULTURE AND LEISURE TRUST

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are directors of Doncaster Culture and Leisure Trust for the purposes of company law) are responsible for preparing the trustees' annual report (including the strategic report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company and charity law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and parent charity and of the incoming resources and application of resources, including its income and expenditure, of the group and parent charity for the year. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the group and parent charity and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011 and regulations made under the requirements of the Companies Act 2006. They are also responsible for safeguarding the assets of the group and parent charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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DONCASTER CULTURE AND LEISURE TRUST

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF DONCASTER CULTURE AND LEISURE TRUST

Opinion

We have audited the financial statements of Doncaster Culture and Leisure Trust (the “parent charitable company”) and its subsidiaries (the “group”) for the year ended 31 March 2025 which comprise the Group and Parent Charity Statements of Financial Activities (including Income and Expenditure Accounts), the Group and Parent Charitable Company Balance Sheets, the Group Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issues.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant section of this report.

Other information

The other information comprises the information included in the Directors’/Trustees’ Report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

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DONCASTER CULTURE AND LEISURE TRUST

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF DONCASTER CULTURE AND LEISURE TRUST

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’/Trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees responsibilities statement set out on page 10, the trustees (who are also directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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DONCASTER CULTURE AND LEISURE TRUST

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF DONCASTER CULTURE AND LEISURE TRUST

There are inherent limitations in the audit procedures described above and the more removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the FRC's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Hawreone

Daniel Wood (Senior Statutory Auditor) For and on behalf of Hawsons Chartered Accountants, Statutory Auditor 5 Sidings Court White Rose Way Doncaster South Yorkshire DN4 5NU

18[th] December 2025

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DONCASTER CULTURE AND LEISURE TRUST

GROUP STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Restricted Total Funds Total Funds
INCOMING RESOURCES Note
Funds		 Funds 2025 2024
£ £ £ £
Incoming resources from
generated funds:
Voluntary income
Grants and donations 5 77,193 6,102,727 6,179,920 7,043,002
Activities for generating funds
Commercial trading operations 4 4,014,615 178,780 4,193,395 4,103,100
Investment income 6 12,701 - 12,701 9,044
__ __ __ __
4,104,509 6,281,507 10,386,016 11,155,146
Incoming resources from
charitable activities:
Operation of leisure facilities 7 11,643,980 - 11,643,980 11,209,035
Support from local authority 3 2,145,000 - 2,145,000 1,606,370
__ __ __ __
TOTAL INCOMING RESOURCES 17,893,489 6,281,507 24,174,996 23,970,551
__ __ __ __
RESOURCES EXPENDED
Costs of generating funds:
Commercial trading
operations 4 3,450,278 - 3,450,278 3,296,878
Charitable activities:
Operation of leisure facilities 9 14,306,422 4,960,226 19,266,648 15,985,272
Taxation (53,060) - (53,060) (94,769)
__ __ __ __
TOTAL RESOURCES EXPENDED 17,703,640 4,960,226 22,663,866 19,187,381
__ __ __ __
MOVEMENT IN TOTAL FUNDS
FOR THE YEAR
Net incoming/(outgoing) resources 189,849 1,321,281 1,511,130 4,783,170
Pension scheme actuarial gains 23 1,174,000 - 1,174,000 376,000
TOTALSURPLUS FUNDS
BROUGHT FORWARD 283,247 8,671,766 8,955,013 3,795,843
__ __ __ __
TOTAL SURPLUS FUNDS
CARRIED FORWARD 1,647,096 9,993,047 11,640,313 8,955,013
__ __ __ __

The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.

The notes on pages 19 to 38 form part of these financial statements.

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DONCASTER CULTURE AND LEISURE TRUST

CHARITY STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Restricted Total Funds Total Funds
INCOMING RESOURCES Note
Funds		 Funds 2025 2024
£ £ £ £
Incoming resources from
generated funds:
Voluntary income
Gift aid 4 519,490 - 519,490 343,559
Grants and donations 5 27,539 6,102,727 6,130,266 7,000,499
Investment income 6 11,592 - 11,592 9,044
__ __ __ __
558,621 6,102,727 6,661,348 7,353,102
Incoming resources from
charitable activities:
Operation of leisure facilities 7 8,604,152 - 8,604,152 8,363,112

Support from local authority
3
2,145,000
-
2,145,000
1,606,370
__ __ __ __
TOTAL INCOMING RESOURCES 11,307,773 6,102,727 17,410,500 17,322,584
__ __ __ __
RESOURCES EXPENDED
Charitable activities:
Operation of leisure facilities 9 11,018,016 4,724,552 15,742,568 12,695,480
__ __ __ __
TOTAL RESOURCES EXPENDED 11,018,016 4,724,552 15,742,568 12,695,480
__ __ __ __
MOVEMENT IN TOTAL FUNDS
FOR THE YEAR
Net incoming resources 289,757 1,378,175 1,667,932 4,627,104
Pension actuarial gains 23 1,174,000 - 1,174,000 376,000
TOTAL SURPLUS/DEFICIT) FUNDS
BROUGHT FORWARD (1,020,956) 8,496,384 7,475,428 2,472,326
__ __ __ __
TOTAL SURPLUS/(DEFICIT)FUNDS
CARRIED FORWARD 442,801 9,874,559 10,317,360 7,475,430
__ __ __ __

The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.

The notes on pages 19 to 38 form part of these financial statements.

16

DONCASTER CULTURE AND LEISURE TRUST REGISTERED NUMBER: 4410993

BALANCE SHEETS AS AT 31 MARCH 2025

Group Group Charity Charity
2025 2025 2024 2025 2025 2024
Note £ £ £ £ £ £
FIXED ASSETS
Tangible 12 8,871,505 8,543,274 8,759,580 8,436,907
__ __ __ __ __ __
8,871,505 8,871,505 8,543,274 8,759,580 8,759,580 8,436,907
__ __ __ __ __ __
CURRENT ASSETS
Stocks 14 102,857 102,857 105,975 - -
Debtors 15 1,565,781 1,269,561 1,164,084 1,002,204
Cash at bank and in hand 4,304,481 3,882,712 1,908,779 2,048,532
__ __ __ __ __ __
5,973,119 5,258,248 3,072,863 3,050,736
__ __ __ __ __ __
CREDITORS: amounts falling
due within one year 16 (3,723,814) (3,956,174) (2,034,416) (3,121,878)
__ __ __ __ __ __
NET CURRENT ASSETS/(LIABILITIES) 2,249,305 2,249,305 1,302,074 1,038,447 (71,142)
__ __ __ __ __ __
TOTAL ASSETS LESS
CURRENT LIABILITIES 11,120,810 11,120,810 9,845,348 9,798,027 8,365,765
CREDITORS:
Amounts falling due after more
than one year 17 17(746,667) (933,335) (746,667) (933,335)
Pension asset 23 231,266,000 43,000 1,266,000 43,000
__ __ __ __ __ __
NET ASSETS 11,640,143 8,955,013 10,317,360 7,475,430
__ __ __ __ __ __
FUNDS
Restricted 19/20 9,993,047 8,671,766 9,874,559 8,496,384
Unrestricted: 20
Other charitable funds 1,647,096 1,647,096 283,247 442,801 (1,020,954)
__ __ __ __ __ __
11,640,143 8,955,013 10,317,360 10,317,360 7,475,430
__ __ __ __ __ __

The Financial Statements were approved and authorised for issue by the Board and were signed on its behalf on 18[th] December 2025

A Burden Director

The notes on pages 19 to 37 form part of these financial statements.

17

DONCASTER CULTURE AND LEISURE TRUST

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Cash flows from operating activities: £ £
Net cash provided by operating activities 1,684,197 6,002,639
Cash flows from investing activities:
Purchase of property, plant and equipment (1,075,760) (3,363,085)
Disposal ofproperty,plant and equipment - -
Net cash used in investing activities (1,075,760) (3,363,085)
Cash flows from financial activities:
Repayment of loans (186,668) (186,667)
Repayment of hire purchase - -
Interestpaid - -
Net cash used in financing activities (186,668) (186,667)
Change in cash and cash equivalents in the 421,769 2,452,887
reporting period
Cash and cash equivalents at the beginning of the 3,882,712 1,429,825
reporting period
Cash and cash equivalents at the end of the 4,304,481 3,882,712
reporting period
Reconciliation of net income
to net cash flow from operating activities
Net income for the reporting period (as per the 1,511,130 4,783,170
statement of financial activities)
Adjustments for:
Depreciation charge 747,529 575,270
Decrease / (Increase) in stocks 3,118 18,211
Decrease / (Increase) in debtors (296,220) 467,560
(Decrease) / Increase in creditors (232,360) 177,428
Employer contributions to defined benefit pension (88,000) (91,000)
scheme
Defined benefit pension scheme operating expenditure 39,000 72,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,684,197 6,002,639

The notes on pages 19 to 37 form part of these financial statements.

18

DONCASTER CULTURE AND LEISURE TRUST

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

Movement in net cash /debt

Cash and cash
equivalents
Cash
Borrowing
Debt due within
one year
Debt due after one
year
Total		 At 1 April 2024
Cashflows
Other non-cash
changes
At 31 March 2025
£
£
£
£
3,882,712
421,769
-
4,304,481
(186,666)
186,667
(186,668)
(186,667)
(933,335)
-
186,668
(746,667)
2,762,711
608,436
-
3,371,147

The notes on pages 19 to 37 form part of these financial statements.

19

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

1. ACCOUNTING POLICIES

1.1 Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) – second edition published in October 2019, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The Trustees are reviewing various means of income generation, including support from the local authority, and expect these will provide adequate resource for the charity to enable delivery of its business plan. The Trustees are confident that the charity’s cash flows, projections and forecasts for the next twelve months will be achieved, and in these circumstances consider it appropriate that the charity’s financial statements be prepared on a going concern basis.

The charity meets the definition of a public benefit entity under FRS 102.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Group Financial Statements

The financial statements consolidate the results of the charity and its wholly owned subsidiaries, Doncaster Conferences Catering and Events Limited, Doncaster Performance Venue Limited and Cast Events Limited on a line-by-line basis.

1.3 Incoming Resources

Voluntary income including donations and grants that provide funding are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:

Income from commercial trading activities is recognised as earned when the related goods and services are provided.

Investment income is recognised on a receivable basis.

20

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

1. ACCOUNTING POLICIES (continued)

1.3 Incoming Resources (continued)

Income is deferred when advance ticket sales are received in advance of the events to which they relate, or revenues received for annual memberships to be recognised over the period.

1.4 Resources Expended

Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods or services are supplied.

1.5 Irrecoverable VAT

The charity’s income is partially exempt for VAT purposes and as such it cannot reclaim all input VAT on goods and services received. There is a charge in the Statement of Financial Activities for the year ended 31 March 2025 of £462,661 (2024: £213,805) relating to non-recoverable VAT.

1.6 Operating Leases

Rentals payable under operating leases are charged on a straight-line basis over the period of the lease.

1.7 Pension

Defined benefit scheme

With effect from 1 April 2011 the company joined and participates in the benefits of the South Yorkshire Pension Fund. The company has accounted for pensions and similar benefits under FRS102. The operating and financing costs of defined benefit plans are recognised separately in the statement of financial activities; service costs are systematically spread over the service lives of employees, and financing costs are recognised in the periods in which they arise. Variations from expected costs, arising from the experience of the plans or changes in actuarial assumptions, are recognised immediately in the statement of financial activities. The costs of individual events such as past service benefit enhancements, settlements and curtailments are recognised immediately in statement of financial activities. The liabilities and, where applicable, the assets of defined benefit plans are recognised at fair value in the balance sheet.

The company also contributes to “Group Personal Pension Plans” providing benefits for employees additional to those from the State. The schemes are unit linked money purchase arrangements with both an employer and employee contribution for each member.

21

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

ACCOUNTING POLICIES (continued)

1.8 Tangible Fixed Assets

The company has no “de minimis” in respect of capitalising fixed assets.

Tangible fixed assets are stated at cost less depreciation or in the case where assets are at fair value, cost has been approximated at the present value of the minimum lease payments.

Where assets are acquired at fair value, cost has been approximated at the present value of minimum lease payments.

Depreciation is provided to write off the cost of fixed assets, less their estimated residual values, over their expected useful lives on the following basis:

Facilities improvements straight line over 20 years Computers straight line over 5 years Motor vehicles straight line over 5 years Plant and machinery straight line over 5 years Fixtures, fittings and office equipment straight line over 5 - 20 years

1.9 Leasing and Hire Purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by hire purchase are depreciated over their useful lives. Obligations under such agreements are in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account on a straight-line basis.

1.10 Stocks

Stocks have been valued at the lower of cost and net realisable value.

1.11 Funds Structure

The Trust has restricted funds to account for situations where a donor requires that donations must be spent on a particular purpose or when funds have been raised for a specific purpose.

All funds that are not restricted are unrestricted income funds.

1.12 Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

22

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

1. ACCOUNTING POLICIES (continued)

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.13 Key judgements and sources of estimation

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on the number of factors.

1.14 Gift aid income

Taxable profits transferred from subsidiaries are recognised as income when the subsidiary has made an irrevocable commitment to the charity to pay tradeable profits.

During the year the charity has received taxable profits from subsidiaries of £519,490 (2024: £343,559).

No further gift aid distribution to the parent charity has been approved in respect of the year ended 31 March 2025.

2. LEGAL STATUS OF THE TRUST

The Trust is a private company limited by guarantee incorporated in England and Wales which has no share capital. The liability of each member in the event of a winding up is limited to £1.

3. RELATED PARTY TRANSACTIONS

The charity is partly funded via a management fee from the City of Doncaster Council (CDC) and by virtue of this indirect control CDC is deemed by the trustees to be a related party. The following additional transactions and balances occurred with CDC during the year:

Group Charity
2025 2024 2025
2024
£
£		 £
£
Management fee (Concession agreement) 2,145,000
1,606,370		 2,145,000
1,606,370
Funding for maintenance expenditure 5,625,463
6,361,207		 4,406,716
6,361,207
Balance due (within debtors) 208,925 99,840 208,925
99,840
Balance payable (within creditors) - 18,023 -
18,023
Borrowings payable 746,667 933,335 746,667
933,335

CDC has agreed to underwrite the liability of the charity in respect of the charity’s participation in the Local Government Pension Scheme and accordingly indemnify the South Yorkshire Pension Authority against losses to the South Yorkshire Pension Fund in the event that the charity is unable to meet such liabilities.

23

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

4. FUNDRAISING TRADING FROM THE TRADING ACTIVITIES OF SUBSIDIARIES

4.1 Doncaster Conference Catering and Events Limited

Commercial activities at the culture and leisure facilities are concluded through the charity’s wholly owned trading subsidiary, Doncaster Conference Catering and Events Limited (04373252). The company was incorporated on 13 February 2002 in the UK and has an issued share capital of two ordinary shares of £1. The subsidiary gifts its taxable profits to Doncaster Culture and Leisure Trust. Audited accounts are filed with the Registrar of Companies. A summary of trading results is shown below.

2025 2024
£ £
SUMMARY PROFIT AND LOSS ACCOUNT
Turnover 3,363,658 3,474,478
Cost of sales (2,208,368) (2,235,620)
__ __
Gross profit 1,155,290 1,238,858
Administrative expenses (874,682) (723,168)
Other operating income
Charitable distribution (519,490) (343,559)
Corporation tax payable - -
__ __
Movement in retained profit (238,882) 172,131
__ __

4.2 Doncaster Performance Venue Limited

Doncaster Performance Venue Limited (07980160) (1148432) provides production, presentation and management of artistic and cultural events and activities. The charity is a private charitable company limited by guarantee incorporated in England and Wales and has no share capital. Audited accounts are filed with the Registrar of Companies and the Charity Commission. A summary of trading results is shown below.

SUMMARY PROFIT AND LOSS ACCOUNT
Incoming resources
Expenditure
Net incoming resources
Net movement in funds		 2025
£
220,467
-
_
220,467
_
220,467
 2024
£
219,484
-
_
219,484
_
219,484

Incoming resources relate to room hire and other income, as such is it impracticable to separate the expenditure relating to this from the expenditure relating to the main trade.

24

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

4.3 Cast Events Limited

Commercial relating to production, presentation and management of artistic and cultural events and activities at the culture and leisure facilities are concluded through the charity’s wholly owned trading subsidiary, Cast Events Limited (09369394). The company was incorporated on 30 December 2014 in the UK and has an issued share capital of one ordinary share of £1. The subsidiary gifts its taxable profits to Doncaster Performance Venue Limited. Audited accounts are filed with the Registrar of Companies. A summary of trading results is shown below.

SUMMARY PROFIT AND LOSS ACCOUNT
Turnover
Cost of sales
Gross (loss)/profit
Administrative expenses
Charitable distribution
Other operating income
Movement in retained profit		 2025
£
430,490
(344,926)
_
85,564
(22,300)
(71,819)
1,109
_
(7,446)
 2024
£
409,138
(315,854)
_
93,284
(22,236)
(61,008)
-
_
10,040

25

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

5.GRANTS AND DONATIONS
Unrestricted
Restricted
£
£
The City of Doncaster Council
-
5,625,463
Social Isolation Alliance
CDC VCFS Grant
-
-
CDC-Welcome Spaces
3,000 27,000
CDC capital grant
-
-
Central Locality Community
-
89,264
VCFS Great 8
-
1,000
SYCF
--
SYCF
5,058-
Right up our Street
Arts Council
-
300,000
CDC UKSPF Space to Create
-
-
CDC Minors
--
CDC GDM
-
-
Doncaster Creates
Match Funding
19,481
-
DCLT
-60,000
Charity
27,539
6,102,727
Doncaster Performance Venue Limited
49,654
-
_
_
Group
77,193
6,102,727

 Total
2025
£
5,625,463
-
30,000
-
89,264
1,000
-
5,058
300,000
-
-
-
19,481
60,000
6,130,266
49,654
__
6,179,920
 Total
2024
£
6,361,208
129,746
40,000
73,354
32,233
-
719
-
300,000
10,000
5,000
9,930
7,009
31,300
7,000,499
42,503
__
7,043,002

26

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

6. INVESTMENT INCOME

==> picture [457 x 64] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |INVESTMENT INCOME|2025|2024| |£|£| |Bank interest|11,592|9,044| |_|_| |Bank interest includes|£11,592|(2024: £9,044) for the company alone.|

----- End of picture text -----

7. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

The income was entirely from the operation of the charitable activities at the culture and leisure complexes listed in the Trustees report.

==> picture [457 x 174] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |Total|Total| |Unrestricted|Restricted|2025|2024| |£|£|£|£| |Operation of leisure facilities|8,603,576|-|8,603,576|8,363,112| |_|_|_|_| |Charity|8,603,576|-|8,603,576|8,363,112| |Operation of theatre facilities|3,040,404|3,040,404|2,845,923| |_|_|_|_| |Group|11,643,980|-|11,643,980|11,209,035| |_|_|_|_|

----- End of picture text -----

8. ALLOCATION OF SUPPORT

The trust allocates its support costs as shown in the table below.

Support costs are allocated on a basis consistent with the use of resources.

==> picture [457 x 206] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |Culture &| |Leisure|Total|Total| |Facilities|Governance|2025|2024| |£|£|£|£| |Depreciation|455,162|23,956|479,118|279,523| |Office salaries|114,278|28,571|142,849|293,612| |Insurance|32,534|-|32,534|48,855| |Professional charges|35,726|1,882|37,608|20,060| |Computer costs|404,916|101,231|506,147|426,060| |__|_|_____|_| |Charity|1,042,616|155,640|1,198,256|1,068,110| |Doncaster Performance Venue Limited|440,249|46,839|487,088|462,108| |_|_|_|_| |Group|1,482,865|202,479|1,685,344|1,530,218| |_|_|_|__|

----- End of picture text -----

27

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

9. ANALYSIS OF CHARITABLE EXPENDITURE

The charity undertakes direct charitable activities only and does not make grant payments.

Culture &
Leisure Restricted
Facilities Funds Total Total
2025 2025 2025 2024
£ £ £ £
The Dome 2,867,930 907,330 3,775,260 3,682,946
Adwick Sports Centre 1,345,268 309,579 1,654,847 1,357,894
Armthorpe Sports Centre 747,362 - 747,362 678,232
Askern Sports Centre 426,198 48,307 474,505 562,240
Crookhill Park Golf Club 262,815 - 262,815 208,737
Dearne Valley Leisure Centre 868,277 388,749 1,257,026 876,352
Edlington Leisure Centre 23,237 - 23,237 60,659
Fitness Village Balby 628,521 - 628,521 506,099
Hatfield Water Park 284,011 18,319 302,330 533,117
Rossington Community Sports - 7,695 7,695 126,297
Village
Rossington Sports Centre 399,310 - 399,310 259,715
The Leopard 11,194 - 11,194 -
Thorne Sports Centre 300,100 1,949,433 2,249,533 2,044
Feasibility
 - - - 9,700
DCLT Fees - - - 69,874
Capital Fees - - - 114,999
Disallowed VAT 464,765 - 464,765 213,805
Social Isolation Alliance 6,451 255,007 261,458 261,263
Right Up Our Street 19,481 377,328 396,809 380,127
Doncaster Creates - - - 300
Cleaning 104,310 - 104,310 138,584
Maintenance and repairs 807,697 - 807,697 715,373
Advertising and publicity 199,010 - 199,010 239,773
Bank and credit card charges 48,281 - 48,281 58,647
Leisure overheads 383,067 - 383,067 309,463
Personnel 85,280 - 85,280 150,016
Support costs (note 8) 735,450 462,806 1,198,256 1,068,109
__ __ __ __
Charity 11,018,015 4,724,553 15,742,568 12,695,480
Doncaster Performance Venue 3,288,407 235,673 3,524,080 3,289,792
Limited
__ __ __ __
Group 14,306,422
__		 4,960,226
__		 19,266,648
__		 15,985,272
__

28

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

10. STAFF COSTS AND TRUSTEES REMUNERATION

Salaries
Social Security costs
Pension costs
The average number of employees during the year was as follows:
Charitable activities
Trading activities
Band analysis of higher paid employees was as follows
£70,001 - £80,000
£80,001 - £90,000 (Michael Hart, Chief Executive)		 2025
£
6,707,529
474,083
227,568
_
7,409,181
_
Number
247
57
_
304
_
-
1
 2024
£
6,461,851
454,359
200,830
__
7,117,040
_
Number
244
54
_
298
__
-
1

For higher paid staff an employer pension contribution of £6,900 (2024: £6,817) was made during the year.

No remuneration is paid to directors/trustees.

Travelling and subsistence expenses incurred by Trustees on charity business are reimbursed. The amount reimbursed in the year was £Nil (2024: £Nil).

11. MOVEMENT IN TOTAL FUNDS FOR THE YEAR

The movement for the group is stated after charging:
Depreciation of tangible fixed assets:
- Owned by the charity
- On finance agreement / CDC funded
Payable to Auditor
- Audit fee
- Other services
Operating lease rentals:
- Plant and machinery
Pension Costs		 2025
£
386,293
361,236
22,000
4,750
155,206
227,568
 2024
£
397,336
177,934
20,975
4,500
38,149
200,830

The Audit fee for the parent charity was £12,000 (2024: £11,260)

29

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

12. TANGIBLE FIXED ASSETS (GROUP)

Facilities
improvements
£
COST
At 31 March 2024
10,705,635
Additions
817,268
At 31 March 2025
11,522,903
DEPRECIATION
At 31 March 2024
2,406,161
Charge for the year
383,374
At 31 March 2025
2,789,535
NET BOOK VALUE
At 31 March 2025
8,733,368
At 31 March 2024
8,299,474
TANGIBLE FIXED ASSETS (CHARITY)
Facilities
improvements
£
COST
At 31 March 2024
10,096,154
Additions
777,266
At 31 March 2025
10,873,420
DEPRECIATION
At 31 March 2024
1,865,693
Charge for the year
On Disposals
361,236
At 31 March 2025
2,226,929
NET BOOK VALUE
At 31 March 2025
8,646,490
At 31 March 2024
8,230,461		 Fixtures,
fittings, office
equipment &
vehicles
£
3,785,470
258,492
4,043,962
3,541,670
364,155
3,905,825
138,137
243,800
Fixtures,
fittings, office
equipment &
vehicles
£
3,269,064
251,114
3,520,178
3,062,618
344,471
3,407,089
113,089
206,446		 Total
£
14,491,105
1,075,760
15,566,865
5,947,831
747,529
6,695,360
8,871,505
8,543,274
Total
£
13,365,218
1,028,380
14,393,598
4,928,311
705,707
5,634,018
8,759,580
8,436,907

30

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

13. INVESTMENTS (CHARITY)

The following information relates to the company’s subsidiary undertakings:

Aggregate Surplus/
Share profit for
Description of Capital & period
Name of Nature of Country of Share Capital Reserves at ended
Undertaking Business Incorporation 31/03/25 31/03/25
Doncaster Conferences, 100% £1 282,537 280,606
Conferences catering and England ordinary shares
Catering and Events events
Limited*
Doncaster Performing Arts Limited by 978,374 89,528
Performance Venue Centre England guarantee
Limited*
Cast Events Limited Catering and England 100% £1 61,869 64,373
events ordinary shares
*Indicates a direct
investment

14. STOCKS

Bar and catering
Other
DEBTORS
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments		 Group
2025
2024
102,857
105,975
-
-
_
_
102,857
105,975
_
_
Group
2025
2024
598,267
332,624
-
-
251,978
439,240
715,536
497,697
_
_
1,571,950
1,269,561

 Charity
2025
2024
-
-
-
-
_
_
-
-
_
_
Charity
2025
2024
446,453
235,259
208,925
194,424
167,538
344,946
341,168
227,575
_
_
1,164,084
1,002,204

15. DEBTORS

All debtors are due within one year.

31

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

16. CREDITORS (AMOUNTS DUE WITHIN ONE YEAR)

Group
2025
2024
Borrowings
186,667
186,666
Trade creditors
797,221
1,476,892
Amounts owed to group undertakings
-
-
Other taxes and social security
615,296
345,761
Accruals & deferred income
2,061,575
1,897,145
Other creditors
63,055
49,710
_
_
3,723,814
3,956,174
_
_
CREDITORS (AMOUNTS DUE AFTER MORE THAN ONE YEAR)
Group
2025
2024
£
£
Borrowings
746,667
933,335
_
_
746,667
933,335
_
_
The maturities of sources of borrowing are as follows:
Group
2025
2024
£
£
In one year or less
186,667
186,667
In more than one year but not more
than two years
186,667
186,667
In more than two years but not more
than five years560,001746,668
_
_
933,335
1,120,002

 Charity
2025
2024
186,667
186,667
511,535
1,132,928
798,065
615,246
341,005
663,263
617,981
57,705
45,232
_
_
2,034,416
3,121,878
_
_
Charity
2025
2024
£
£
746,667
933,335
_
_
746,667
933,335
_
_
Charity
2025
2024
£
£
186,667
186,667
186,667
186,667
560,001746,668
_
_
933,335
1,120,002

17. CREDITORS (AMOUNTS DUE AFTER MORE THAN ONE YEAR)

18. SHARE CAPITAL

The company is limited by guarantee. The liability of the members is limited to £1 each.

32

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

19. RESTRICTED FUNDS (GROUP AND CHARITY)

The funds of the group and charity include restricted funds comprising the following unexpended balances of grants and donations held on trust to be applied for specific purposes:

Movement in funds
Balance
31 March
2024
£
Incoming
Resources
£
Resources
Expanded
£
Fund:
CDC Asset Maintenance
8,305,296
5,625,463
4,092,098
Social Isolation Alliance
186,060
117,264
255,126
Right Up Our Street
331
360,000
377,328
Doncaster Creates
-
-
CDC
4,697
-
-
_
_
_
Charity
8,496,384
6,102,727
4,724,552
Doncaster Performance Venue Limited:
Age Is Revolting
3,500
-
1,576
Stage Lighting and Fittings
49,234
-
22,138
Garrick CGT Grant
2,000
2,000
One Call
-
4,167
-
Victoria Wood Foundation
-
3,000
2,227
CDC – Cultural Manager
18,279
14,678
CDC – Winter holiday
5,385
3,706
9,091
National Theatre
Connections
2,400
-
2,400
Amazon
8,500
-
8,500
Three Monkies Trust
3,500
-
3,500
Royal National Theatre-
TNP
6,005
9,875
6,005
Performance Ensemble
1,621
-
1,621
Theatres Trust Charity
20,000
-
20,000
Royal National
Connections
-
2,225
-
DCLT CIF
-
1,923
1,923
Speak Up
51,958
83,400
83,579
Darts – Tuneful Chatter
-
13,339
13,339
Community Cohesion
-
4,595
4,595
VCFS – Welcome Spaces
5,000
5,000
3,507
Royal National Handbag
-
2,500
2,500
DCLT Central Capital
-
2,000
2,000
Cutlers
-
750
750
Global Streets
-
11,300
11,300
The Foyle Foundation
-
25,000
14,445
WG Edward
-
1,500
1,500
Noel Coward Foundation
-
2,500
2,500
_
_
_
Group
8,671,766
6,281,507
4,960,226		 Transfer
£
-
-
-
-
_
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
_____
-		 Balance
31 March
2025
£
9,838,661
48,198
(16,997)
-
4,697
__ __
9,874,559
1,924
27,096
-
4,167
773
3,601
-
-
-
-
9,875
-
-
2,225
-
51,779
-
-
6,493
-
-
-
-
10,555
-
-
__
9,993,047

CDC Asset Maintenance - Maintenance contribution for structural and maintenance work at the leisure centres.

Social Isolation Alliance - Alliance that aims to reduce social isolation and loneliness within Doncaster

Right Up Our Street - Consortium creating and delivering art to the people of Doncaster

33

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

Doncaster Creates - Arts programmes that nurture and reveal creativity in Doncaster

Stage Lighting and Fittings – To purchase and for the refurbishment of capital equipment at Cast.

Esmee Fairbairn – A grant to support Artist Development across South Yorkshire and particularly in Doncaster.

Liz and Terry Bramall – To fund the purchase of a piano for use on our stages.

Royal National Theatre TNP – Supporting the theatre nation partnership, sharing skills, knowledge, insight and product with partners including the National Theatre.

RNT Public Acts - Support for the performance of Doncastrian Chalk Circle through our partnership with the National Theatre

WG Edwards – Dementia friendly cinema and play reading

Noel Coward Foundation – Noel Coward Foundation Development initiatives for emerging artists local to Cast and the wider region

The Foyle Foundation – Development initiatives for emerging artists local to Cast and the wider region

Global Streets – International outdoor arts delivered to audiences free of charge in conjunction with Greenwich + Dockland International Festival

Cutlers Charitable Trust – Cast Youth Theatre bursaries

DCLT CENTRAL CAPITAL – Provision of bariatric charis for larger audience members and particpants

Royal National-Handbagged – Community Tickets and for a Cast communities event

One Call – Youth Theatre performance sponsorship for Wild Lives and Waste Lands

CDC Community Cohesion – A theatre visit for women from the Glbao Majority as part of Aqueela Mohammed’s Muslim women’s group, a drumming group for people who have experienced forced migration, DPT project, refugee day school workshops and celebration community event.

DCLT CIF Grant – Supporting participant access/catering (including support staff and well being staff) around Sinfonia (performance in collaboration with the performance ensemble telling older people’s stories

Victoria Wood Foundation – Cast Youth Theatre bursaries

Garrick Charitable CGT grant – Artist Development activities for emerging and early career artists

34

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

20. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS (GROUP)

==> picture [457 x 152] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |Fund balances at 31 March 2025 were represented by:| |Unrestricted|Restricted|Total| |Funds|Funds|Funds| |£|£|£| |Tangible fixed assets|138,140|8,733,365|8,871,505| |Current assets|4,626,381|1,346,738|5,973,119| |Creditors due within one year|(3,723,814)|-|(3,723,814)| |Creditors|due after one year|(746,667)|-|(746,667)| |Pension asset|1,266,000|-|1,266,000| |_|_|_| |TOTAL NET ASSETS|1,560,040|10,080,103|11,640,143| |_|__|__ ___|

----- End of picture text -----

21. CONTINGENT LIABILITIES

There were no contingent liabilities of which the Trustees were aware at 31 March 2025 (2024: £nil).

22. ULTIMATE CONTROL

The trust is a company limited by guarantee. The members are the Trustees. The company is therefore ultimately controlled by the Trustees.

23. PENSION COMMITMENTS

The company participates in the South Yorkshire Pension Fund, a multi-employer defined benefit scheme. The assets of the scheme are held in a separate Trustee administered fund. The company’s participation in the scheme commenced on 1 April 2011, meaning that historic data for comparative purposes is not available prior to this date.

The company has fully adopted Financial Reporting Standard 102 Section 28 “Employee benefits” (FRS 102). Current service costs, curtailment and settlement gains and losses, and net financial returns are included in the statement of financial activities in the period to which they relate. Actuarial gains and losses are separately recognised in the statement of financial activities, in accordance with the SORP 2005.

The Trustees are keeping under review the disclosed deficit in the scheme.

The pension cost charge represents contributions payable by the charity to the South Yorkshire Pension Fund and group personal pension plans and amounted to £88,000 (2024: £91,000). Contributions totalling £50,930 (2024: £45,232) were payable to the funds at the balance sheet date and are included in creditors.

Actuarial valuations are carried out triennially for funding purposes, using the Projected Unit method.

The most recent valuation was updated to 31 March 2025, by an independent qualified actuary in accordance with the arrangements of FRS102. As required by FRS102, the defined benefit liabilities have been measured using the Projected Unit method and both the assets and liabilities include the value of pensions in payment, excluding those which are secured with insured annuities.

The following table sets out the key FRS102 assumptions used for the scheme. The table also sets out for the last two years the fair value of assets, a breakdown of the assets into the main asset

35

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

classes, the present value of the FRS102 liabilities and the net surplus (deficit) of assets which equals the gross pension asset (liability).

The mortality table used as at 31 March 2025 to calculate the scheme’s liabilities was S2PA CMI 2018

36

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

23. PENSION COMMITMENTS (continued)

The major assumptions used for the actuarial valuation were:

2025 % pa 2024 % pa
Rate of increase in salaries 3.35 3.35
Rate of increase in pensions in payment 1.5 1.50
Discount rate 5.80 4.85
Inflation assumption (CPI) 2.75 2.75

The fair value of the assets in the scheme and the present value of the liabilities in the scheme at each balance sheet date were:

Equities
Government bonds
Other bonds
Property
Cash/liquidity
Other
Total fair value of scheme assets
Present
value
of
scheme
liabilities
Gross pension asset/(liability)		 Fair
Value
2025
£
5,270,680
1,627,710
-
775,100
77,510
-
7,751,000
(6,485,000)
1,266,000		 Fair
Value
2024
£
5,263,320
1,601,880
-
686,520
76,280
-
7,628,000
(7,585,000)
43,000

The following amounts have been recognised in the financial statements in the year to 31 March 2025 and 31 March 2024 under the requirements of FRS 102:

Current service cost
Expected return on scheme assets
Interest on scheme liabilities
Curtailment
Total operating charge		 2025
£
42,000
-
(3,000)
-
39,000		 2024
£
50,000
-
22,000
-
72,000

37

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

23. PENSION COMMITMENTS (continued)

Actual return less expected return on scheme assets
Experience gains and losses arising on scheme liabilities
Adjustments for prior period
Actuarial gain
Movements in deficit during the year
Deficit in scheme at beginning of the year
Restatement of deficit brought forward
Current service cost
Contributions
Interest on scheme liabilities
Expected return on scheme assets
Actuarial gain/(loss)
Surplus in scheme at end of year
Reconciliation of fair value of scheme assets
Opening fair value of scheme assets at 1 April
Expected return on scheme assets
Actuarial (losses)/gains
Contributions by members
Contributions by employer
Benefits paid
Closing fair value of assets at 31 March
Changes in the present value of scheme liabilities
Opening defined benefit obligation at 1 April
Restatement of balance brought forward
Current service cost
Interest cost
Actuarial (gains)/losses
Contributions by members
Benefits paid
Closing defined benefit obligation at 31 March		 2025
£
(172,000)
1,346,000
-
1,174,000
43,000
(42,000)
88,000
(365,000)
368,000
1,174,000
1,266,000
7,628,000
368,000
(172,000)
11,000
88,000
(172,000)
7,751,000
7,585,000
-
42,000
365,000
(1,346,000)
11,000
(172,000)
6,485,000		 2024
£
281,000
213,000
(118,000)
376,000
(352,000)
(118,000)
(50,000)
91,000
(360,000)
338,000
494,000
43,000
7,163,000
338,000
213,000
11,000
91,000
(188,000)
7,628,000
7,515,000
118,000
50,000
360,000
(281,000)
11,000
(188,000)
7,585,000

38

DONCASTER CULTURE AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

23. PENSION COMMITMENTS (cont.)

History of experience gains and losses in the scheme:

2025 2024
£ £
Experience gains/(losses) on assets (172,000) 213,000
Percentage of scheme assets 2.1% 2.8%
Experience gains on liabilities (1,346,000) 281,000
Percentage of scheme liabilities 17.1% 3.7%
Cumulative gains at end of period 1,174,000 494,000

24. FINANCIAL INSTRUMENTS

Group
Charity
2025
2024
2025
2024
Financial assets
£
£
£
£
Financial assets that are debt
instruments measured at
amortised cost
5,870,262
5,057,503
3,072,863
3,050,734
5,870,262
5,057,503
3,072,863
3,050,734
Financial assets include cash and cash equivalents, amounts due from group undertakings, trade
other debtors and prepayments.
Group
Charity
2025
2024
2025
2024
Financial liabilities
£
£
£
£
Financial liabilities that are
debt instruments measured at
amortised cost
4,470,481
4,889,509
2,781,083
4,055,213
4,470,481
4,889,509
2,781,083
4,055,213		 Charity Charity
2024
£
3,050,734
3,050,734
2025
£
2,781,083
2,781,083		 2024
£
4,055,213
4,055,213

Financial liabilities include finance lease liabilities, borrowings, trade creditors, accruals, pension contributions and other creditors.

39