#
##
##
##
##
##
|||Page|
|---|---|---|
|Trustees report||1-6|
|Independent
auditor's|report|7-9|
|Statement offinancial|activities|10|
|Balance sheet|||
|Statement ofcash flows||12|
|Notes to the financial|statements|13-25|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023|2023|2022|2022|2022|
|~lf||Notes||||as restated
6|as restated
6|as restated
f|
|Donafions and
legsdes
Charitabl
activities||3
4|2,168,187||2,168,187|109,429
1,928,855||109,429
1928855|
|Investm ants||5|12||12|20||20|
|Total income|||2,168,199||2,168,199|2,038,304||2,038,304|
|~ldlh|||||||||
|Charitable
activities||6|2,360,391|241,414|2,601,805|2,639,753|241,414|2,881,167|
|Net expenditure|for the||||||||
|yssrl
Net movement|in funds||(192,192)|(241,414)|(433,606)|(601,449)|(241,414)|(842,863)|
|Fund balances
2022|at 1April||(24,777)|2,253,201|2,228,424|576,672|2,494,615|3,071,287|
|Fund balances|at 31||||||||
|March 2023|||(216,969)|2,011,787|1,794,818|(24,777)|2,253,201|2,228,424|
##
##
##
|||||2023||2022||
|---|---|---|---|---|---|---|---|
|||||||as restated||
||||Notes|||8||
|Fixed assets||||||||
|Tangible assets|||||2,710,415||3,068,283|
|Current assets||||||||
|Stocks|||12|9,079||10,641||
|Debtors|||13|186,985||178,290||
|Cash at bank and in|hand|||70,416||295,208||
|||||266,480||484,139||
|Creditors: amounts
orts year|falling|due within|16|(504,129)||(465,684)||
|Nst current (liabilities)/assets|||||(237,649)||18,455|
|Total assets less current liabilities|||||2,472,766||3,086,738|
|Creditors: amounts
more than one year|falling|due after|17||(246,381)||(339,817)|
|Provisions for liabilities|||||(431,567)||(518,497)|
|Net assets|||||1,794,818||2,228,424|
|Income funds||||||||
|Restricted funds
'|||20||2,011,787||2,253,201|
|~Unres
(tkti ferns||||||||
|Designated
funds|||21|271,261||265,261||
|General unrestricted|funds|||(488,230)||(290,038)||
||||||(216,969)||(24,777)|
||||||1,794,818||2,228,424|
|The financial statements||approved|by the Trustees on .)~..~:~'RN).x(in q~|||||
|.H-(.||||||||
|JG lsn||||||||
|stse||||||||
##
##
##
||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
||||||||ss restated||
|||||Notes|||6||
|Cash flows from operating|||activities||||||
|Cash (absorbed by)/generated
operations|||from|26||(74,360)||127,568|
|Investing|activities||||||||
|Purchase|oftangible fixed assets||||(62,724)||(34,434)||
|Investment|income received||||12||20||
|Net cash|used In investing||activities|||(62,712)||(34,414)|
|Financing
Repayment|activities
ofbonowings||||||(12,500)||
|Repayment|ofbank loans||||(74,703)||(68,967)||
|Payment ofobligations
under|||finance leases||(13,017)||(12,783)||
|Net cash|used in gnanclng||activities|||(87,720)||(94,250)|
|Net decrease
In cash snd||cash equivalents||||(224,792)||(1,096)|
|Cash snd|cash equivalents|at beginning||ofyear||295,208||296,304|
|Cash and|cash equivalents||at end of|year||70,416||295,208|
##
##
##
##
##
##
##
##
##
##
|XC Building costs|20years straight|line|
|---|---|---|
|Leasehold
improvements|10years straight|fine|
|Plant snd equipmsnt|5years straight|line|
|Fixtures and fittings|5years straight|line|
|ITexpenditure
and software|3years straight|line|
|XCFixtures snd fittings|5years straight|line|
|XC ITexpenditure|3years straight|line|
|Gym equipment|5years straight|line|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Charitable
activities||||||||
|---|---|---|---|---|---|---|---|
|||Catering,
vending
and
merohandlsing|Operation ol
sports centres
snd sports
fsegltles||Catering,
vending
end
merchandising|Operation of
sports senses
and sports
feesales|Total
20u|
||||202$||20u|20u||
||||2||2|2||
|Customer|sales|315,095|1,853,092|2,168,187|177,162|1,751,693|1,928,855|
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
|6|6|
|12|20|
##
##
|6|Charitable|activities|activities|activities|||||
|---|---|---|---|---|---|---|---|---|
||||||Restricted|Unrestricted|Total|Total|
||||||funds|funds|||
||||||2023|2023|2023|2022|
||||||6|6|6|8|
||Staff costs|||||1,034,439|1,034,439|794,505|
||Deprsciafion
Marketing
and publidty
Maintenance
and deaning||||241,414|179,178
29,304
199,039|420,592
29,304
199,039|435,439
25,529
206,438|
||Gas, electric||snd water|||128,929|128,929|110,442|
||Governance||costs|||15,013|15,013|14,089|
||Venue hire|||||241,181|241,181|154,061|
||Other operational|||costs||322,169|322,169|326,913|
||Overheads|||||126,330|126,330|666,485|
||Other staif|costs||||13,263|13,263|38,121|
||insurance|||||71,546|71,546|109,145|
||||||241,414|2,360,391|2,601,805|2,881,167|
|Auditor's
remuneration||||||
|---|---|---|---|---|---|
|Fees payable tothe Charitable||Company's|auditor and associates:|2023
8|2022
6|
|Audit ofthe Charitable|Company's|annual accounts||15,250|14,026|
##
##
|The average|monthly|number ofemployees
during the year was|:||
|---|---|---|---|---|
||||2023|2022|
||||Number|Number|
|Leisure activities|||52|45|
|Employment|costs||2023
6|2022
8|
|Wages and|salaries||1,034,439|794,505|
##
##
##
|2023|2022|
|---|---|
|Number|Number|
##
|||||||44|C«
O|I
N|CI||Ol
O|C4
OI
IA|||IA||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||CO|N|||CO|O
N|||CI||
||||||||||||||||I||
||||||||||||||||C4||
|||||ECOC
ej|||CIo
Ol||CI
«C||N
IA
N
Ol|CO
CA
Cl
IO|||Ol
CI
CI||
||||||Cf||||||||||||
||||||4I||||||||||||
|||||vg|||IO
CI
IA||||||||||
||||||||IA||||||||||
||||||m||||||||||||
|||||||||I|ICI||||CO||||
||||||||CD
IA||IO
lfl||||IO
IA||||
||||||||Ol||||||Ol||||
|||||PROC|||||||||||IA||
||||||||||||C4|I|Ol||CO||
||||||||||||CI||||||
||||||N||||||||||||
|||||04
0 S
4 4||44|IO
Ol
I|IA
Ifl
Ifl
N|CI
C«
IAo
IA||R|ONN|CI||CI
IA
OI|CD
IA|
|||||ll
~k
4a.0||lif|CI
IA
CI||o
IAo||g
IO
CI|Ol
Nl|III
CI
'll
CO
Cl||o|IO|
||||||||N|O|CV||||||||
||||||||||Ol||||||||
||O||||||o|c«|CI
III||||||||
||||||||C4||||||||||
||zI-z0
O|||Olg
-' 8
Zu
IO||llf|CA
Ol
CI
IA||CI||||CI
CA
CD
CD
CI||CI|COo|
||I-z
Ill|c«c||CC
IC|||IA||IA||||||N||
|CO|||||||||||||||||
||cn||||||||||||||||
|||4J|||||||||||||||
|0
IL
y)
z
0|z
LL
UJ
0I-
rn
o
P-
z|C
4l
o
a
LL.|4
Cl
'e
Ol
C
IC||||C4
Ol
CI
CV
C
4
OZZ||IA
CI|C
4|C4
No
N
4|tO
0
CO0
A.
0|CI
C4
L
CC:|C (4
oOo
ON
Cll
IC
O &||N
C«
o
C4
L
IO|
##
##
##
||other assets are being written
off in accordance
with our nor|other assets are being written
off in accordance
with our nor|other assets are being written
off in accordance
with our nor|other assets are being written
off in accordance
with our nor|other assets are being written
off in accordance
with our nor|other assets are being written
off in accordance
with our nor|mal
policy.|mal
policy.|mal
policy.|
|---|---|---|---|---|---|---|---|---|---|
||The net carrying
value of tangible
fixed assets indudes
the
leases or hire purchase
contracts. The depreciation
charge||||||following
in respect ofassets held under finance
in respect of such assets amounted
to 62,367|||
||(2022 -f12,332)for the||year.|||||||
|||||||||2023|2022|
|||||||||2|6|
||Plant and equipment||||||||4,316|
|12|Stocks|||||||||
|||||||||2023f|2022
2|
||Finished goods and goods for resale|||||||9,079|10,641|
|13|Debtors|||||||||
||Amounts
falfing due within one year:|||||||2023|2022f|
||Other debtors|||||||137,000|109,505|
||Prepaymsnts|and accrued income||||||49,985|68,785|
|||||||||186,985|178,290|
|14|Loans and overdrafts|||||||||
|||||||||2023|2022|
|||||||||2|6|
||Bankloans|||||||284,330|359,033|
||Payabls
within
Payabls after|ons year
ons year||||||75,449
208,881|74,800
284,233|
##
##
##
|Future minimum|Future minimum|lease payments|lease payments|dus under finance leases:||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||6|6|
|Within one|year|||||3,771|11,204|
|Within two|and five years||||||5,584|
|||||||3,771|16.788|
|Creditors:|amounts||falling due|within one year||||
||||||Notes|2023
6|2022f|
|Bankloans|||||14|75,449|74,800|
|Obligations|under|finance leases|||15|3,771|11,204|
|Other taxation and social security||||||20,119|22,325|
|Deferred income|||||19|68,987|85,641|
|Trade creditors||||||134,918|111,105|
|Amounts
owed to fellow group undertakings||||||38,400||
|Other creditors||||||21,085|49,445|
|Accrusls snd deferred income||||||141,400|111,164|
|||||||504,129|465,684|
|Creditors:|amounts||falling due|after more than one year||||
|||||||2023|2022|
||||||Notes|6||
|Bank loans|||||14|208,881|284,233|
|Obligations|under|finance leases|||15||5,584|
|Other crsditom||||||37,500|50,000|
|||||||246,381|339,817|
|Provisions|for liabilities|||||2023
6|2022f|
|||||||431,567|518,497|
##
##
##
##
##
|FO|R THE YEAR ENDE|D 3|1 MARCH 2023|||
|---|---|---|---|---|---|
||||||(Continued)|
||Provisions for liabilities|||2023|2022|
||At 1April 2022
Reversal ofprovision||||518,497
(86,930)|
||At 31 March 2023||||431,567|
|19|Defened income|||||
|||||2023|2022|
|||||8|6|
||Arising from government
Other deferred
income|grants||(5,674)
74,661|85,641|
|||||68,987|85,641|
|||||2023|2022|
|||||8|8|
||Deferred Income ls included||within:|||
||Current
liabilities|||68,987|85,641|
||Movemsnts
in the year:
Deferred income at 1April 2022
Released from previous
periods
Resources deferred
in the year|||85,641
(85,641)
74,661|62,891
(62,891)
85,641|
||Deferred Income at 31 Mamh||2023|74,661|85,641|
||Warning/
P/germs do nof agree by:|||(5,674)||
##
##
|||||Balance at|Resources|Balance at|Resources||Balance st|
|---|---|---|---|---|---|---|---|---|---|
|||||1Apra 2021
f|expended
f|1Apra 2022|expended
f|31|March 2023
f|
|My|Place|Funding|-Capital|2,494,615|(241,414)|2,253,201|(241,414)||2,011,787|
##
|||||Movement||Movement||
|---|---|---|---|---|---|---|---|
|||||ln funds||in funds||
||||Balance at|Incomln9|Balance at|Incomlna|Bahmce at|
||||1Aprfi 2021
f|resources
f|1April 2022
f|resources 31March 2023
f
f||
||Revenue reserve||208,500||208,500||208,500|
||XCrepairs fund||50,761|6,000|56,761|6,000|62,761|
||||259,261|6,000|265,261|6,000|271,261|
||The revenue reserve has been set up to||provide 0contingency
mserve||to cover one months expenditure.
The|||
||Trust reviews this on an annual basis.|||||||
|22|Analysis ofnet assets between funds|||||||
|||Unrestricted|Restricted|Total Unrestricted||Restricted|Total|
|||funds|funds||funds|funds||
|||2023
f|2023
f|2023
f|2022
f|2022
f|2022
f|
||Fund balanoss st 31|||||||
||March 2023sre|||||||
||represented
by:
Tangible assets|698,630|2,011,785|2,710,415|815,082|2,253,201|3,068,283|
||Cunent assets/(liabfiities)|(237,649)|-|(237,649)|18,455|-|18,455|
||Lon9 term fisbiltfiss|(246,381)||(246,381)|(339,817)||(339,817)|
||Provisions|(431,567)||(431,567)|(518,497)||(518,497)|
|||(216,967)|2,011,785|1,794,818|(24,777)|2,253,201|2,228,424|
##
##
##
||payments
under non-cancefiable
operating
l|eases|, whi|ch fal|l|dus|ss|follows|;|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2023||2022|
||||||||||||6||6|
||Within one year
Between two snd fivs years||||||||||4,740
12,738||4,740
15,404|
||||||||||||17,478||20,144|
|24|Related party transactions|||||||||||||
||During the year, Dacourm
Sports Trust paid|238,400 (2022:||||BNil) to Absolutely||||Leisure, another||subsidiary
of||
||Absolutely
Together, for the support services|provided||in the||period.||||||||
|25|Ultimate parent undertaking
and controlling
related|||party||||||||||
||The ultimate
parent
company
is Absolutely
Together,
a company
limited
by guarantee
and incorporated
in
Great Britain by virtue ofbeing the sole member. Company
Registration
No:08466394 and Registered
Charity
No: 1152093.This is the smaller snd largest group to consolidate
these financial
statements.
Copies of the
financial statement
can be obtained
from The Arena, Stsffsrton
Way, Maidenhead,
Berkshire, SL6 IAY or on|||||||||||||
||companies
house website www.compsnieshouse.||gov.uk.|||||||||||
||Ths Trustees consider the Board ofTrustees of||Absolutely|||Together, a company|||||limited
by guarantee,||to be|
||the ultimate
controlling
party.|||||||||||||
|26|Cash generated
from operations||||||||||2023||2022|
||Deficit for the year||||||||||(433,606)|(842,863)||
||Adjustments
for.|||||||||||||
||Investment
income recognised
in statement|offinancial||activities|||||||(12)||(20)|
||Depreciation
and impairment
oftangible fixed assets||||||||||420,592|435,439||
||Movsmsnts
in working capital:|||||||||||||
||Decrease/(incmsse)
in stocks||||||||||1,562||(5,420)|
||(Increase) in debtors
Increase in creditors||||||||||(8,696)
49,384|(20,891)
20,076||
||Increase/(decrease)
in provisions||||||||||(86,930)|518,497||
||(Decrease)/increase
in deferred
income||||||||||(16,654)||22,750|
||Cash (absorbed by)/generated
from operations||||||||||(74,360)|127,568||
##
##
|27|Analysis ofchanges|Analysis ofchanges|in net (debt)ffunds|||||
|---|---|---|---|---|---|---|---|
|||||At 1April 2S22f|Cash aowsAt
f|31Marsh 2023
f||
||Cash at bank|and in hand||295,208|(224,792)||70,416|
||Loans falling|due within|ons year|(74,800)|(649)||(75,449)|
||Loans falling|due after|more than one year|(284,233)|75,352||(208,881)|
||Obligations
under finance leases|||(16,788)|13,017||(3,771)|
|||||(80,613)|(137,072)||(217,685)|
|28|Prior period|adjustment||||||
||Changes to|the balance sheet||||||
|||||At 31March 2022||||
|||||As previously|AdJustment|As|restated|
|||||reportedf|f||f|
||Provisions
for gabilities|||||||
||Other provisions||||(518,497)||(518,497)|
||Capital funds|||||||
||Income funds|||||||
||Restricte funds|||2,253,201||2,253,201||
||Unrestricted|funds||493,720|(518,497)||(24,777)|
||||Total equity|2,746,921|(518,497)|2,228,424||
||Changes to|the profit|and loss account|||||
|||||Period ended 31March||2022||
|||||As previously|Adjustment|As|restated|
|||||reporledf|f||f|
||Raising funds
Charitable
activities|||617,290
1,745,380|(617,290)
1,135,787|2,881,167||
||Net movemsnt
in funds|||(324,366)|(518,497)||(842,863)|