COMPANY REGISTRATION NUMBER: 05095316
CHARITY REGISTRATION NUMBER: 1111723
Richmondshire Leisure Trust
Company Limited by Guarantee
Financial Statements
31 March 2024
'ADDICWFU*
1111012024
COMPANIES HOUSE
A12
#223

Richmondshire Leisure Trust
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the director's report)
Independent auditor's report to the members
Statement of financial activities (including income and
expenditure account}
13
Statement of financial position
Statement of cash flows
14
16
Notes to the financial statements
17
The following pages do not form part of the financlal Statements
Detailed statement of financial activities
31
Notes to the detailed statement of financial activities
33

Richmondshire Leisure Trust
Company Limited by Guarantee
Trustees. Annual Report {Incorporatin9 the Director's Report)
Year ended 31 March 2024
The trustees. who are also the directors for the purposes of company law. present their report and the
financial statements of the charity for the year ended 31 March 2024.
Reference and admlnlstratlve detalls
Regist•red charlty name
Richmondshire Leisure Trust
Charity rngistration number
1111723
Company reglstratlon number 05095316
Prlnclpal offlce and reglstered Richmond Swimming Pool
offlce
Old Station Yard
Richmond
North Yorkshire
DL10 4LD
The trustoes
A Tutora
(Resigned 18 September 2023}
(Served from 5 June 2023 to 2
September 20241
J Francis
J Stubbs
R Joyce
A White
D A Chefneux
J W Riley
S L Benson
R J Baldwin
P J Devlin
W H Cross
(Appointed 7 September 2023)
(Resigned 1 August 2023)
{Appointed 2 August 2023)
Auditor
Chipchase Manners
Chartered Accountants & statutory auditor
384 Linthorpe Road
Middlesbrough
TS5 6HA
Bankers
Santander
43 High Row
Darlington
County Durham
DL3 7QW

Richmondshire Leisure Trust
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) f¢ontlnued)
Year ended 31 March 2024
Report of the Chairman
This report covers the period from April 2023 until March 2024.
From 2005 until the end of March 2023 the Leisure Trust operated with a Management Agreernent with
Richmondshire District Council. 111 April 2023 saw the transfer of ownership of Richmond Swimming
Pool from Richmondshire District Council to the newly established unitary North Yorkshire Council
INYC). Our Management Agreement and associated leases lechnically transferred to NYC on 1st April
2023.
During this year Staff and Board members were able to concentrate their efforts on the single campus
of the Pool and Libety's Health Centre, as the previous year had concluded the Trust's management of
Colburn Leisure Centre which had transferred to the newly formed Community Group who were being
supported with a £SOK annual revenue grant from Colburn Town Council.
During the major capital works at the Pool through the summer of 2022, some significant and further
capital repairs were unable to be compleied at Richmond Swimming Pool. These included repairs to the
rnain tank where leaks had been idenlified and a long outstanding refurbishment to the poolside staff
area that had been damaged over time by external water egress leaking through the outside patio area.
These items were not included in the initial scheme despite being regularly drawn to the attention to the
ovrfner of the pool. The Trust had been requesting a resolve to the external leaks that had damaged the
staff area for several years. An altemative location for staff to use on the upper floor had been identified
due to the unhealthy damp and often wet conditions in the poolside staff area. As the District Council
did not include these major repairs in the initial closure, the newly formed North yorkshi￿ Council
accepted their responsibility during this second closure, which lasted from June 2023 until mid-
September 2023.
The summer closure overran and this seriously affected the re-enrolment to the Trust's"Learn to Swim"
scheme. It also affected the usage by schools some of whom delayed their use of the pool until they
could get a full 5chool-terms use,
The pool also suffered during this financial year from a huge increase in energy consumption following
the initial capital works. The boilers were not working efficiently, insulation had been removed from the
roof space and not replaced and the heat recovery system was not working. This was, and still is, a
major concern for staff and Board members who 811 expected the energy consumption levels at the pool
to be lower after the £2M capital scheme that installed solar panels and an air-sourced heat pump.
North Yorkshire Council recognised the financial implications of increase in energy consumption and
allocated a separate and one-off grant in 2023124 to assist the Trust with the huge increase in the cost
of energy.
In December 2023, North Yorkshire Council formally agreed that all the County Leisure provision should
ultimately be provided by an in-house model. The seven former District Councils had a variety of delivery
systems that ranged from external charitable and private managemenl arrangemenls, a Te¢al company
and some pre*xisting in-house delivery. Imilst our Trust's Management Agreement allowed the Trust
to operate until 2027 the Board agreed to enter discussions with NYC for the takeover to happen earlier.
As a result of this it is likely that this will be the last AGM for the Richmondshire Leisure Trust as it is
possible that the Trust will cease to manage the Pool and Liberty's from April 2025.
Oespite all the change it should be recognised that usage at the Pool has continued to grow during this
period as part of our post-covid recovery plan, as set down in our current Business Plan.

Richmondshire Leisure Trust
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (conIlnu￿j
Year ended 31 March 2024
The continued success of Liberty's Health Centre has been a feature of this period. Membership has
continued to grow and our post<ovid recovery has exceeded that of most leisure organisations
throughout the County. During the financial year 2023124 Liberty's has continued to generate an income
that has been able to assist with the finances of the Pool.
Both Officers and Elected Members of NYC have realised the great value offered by Libety's. This value
recognises the well-being enjoyed by circa 700 members as well as the £40K contribution to the finances
of the Pool. As a result, discussions regarding the takeover of the work of the Trust have included the
need to also transfer the management of Libety's along with the Council owned pool.
As mentioned above, despite difficulties caused by long Pool closures, the Trust has continued to
recover its level of provision from the devastation of the Covid Pandemic. All areas of provision has
continued to grow. It is also pleasing lo see that a new catering outlet at the Pool is doing well and has
added a new and extra dimension lo the life of the Pool.
Club usage at the Pool continues as a significant feature. However there remains on-going discussions
regarding usage costs as excessive energy costs has forced the Trust to increase the usage charges.
This is regrettable as we recognise that clubs draw on a significant volunlary commilment and are
themselves charitable organisations.
Kfyhilst there will always be individual issues with staff management our team of 38 staff continue to
show dedicated commitment to the work of the Trust. They are in turn extremely well managed by our
General Manager, in what has been a very challenging year.
During the year that this report refers to there have been several meetin9S Wlth staff who are wondering
what the future will hold as we approach a time when their employment will change from the Leisure
Trust to NYC. It is my opinion that the Council will inherit a very talented and committed group of staff
who are committed to improving the lives and general well-being of local people who use our facilities.
I would also wish to pay tribute to all members of the Board who have all shown real commitment to the
work of the Trust. The Board are highly effective with a range of expertise that reflects both the
operational and strategic needs of the Trust. It has been a pleasure to chair the Board with such
knowledgeable and effective members. It appears that the make-up of the Board is a model that could
be used as an example of good practice as both Trustees of our Charity and Directors of our Company
Limited by Guarantee.
Our Accounts for the year 2023124 show a defi'cit of £6K that is entirely due to the excessive energy
costs, despite a very effective on-site operational management.
It has been a privilege to have Chaired Richmondshire Leisure Trust over this period and to see how
the Trusl has contributed to the happiness, hope and wellbeing of so many local residents.
Structure, governance and management
Risk Management
The trustees actively revlew the major risks that the charity faces on a regular basis. During the period
covered by the Financial Statements, financial pressures continued for the Leisure Trust from elevated
utility costs and wider inflationary pressures felt across the UK economy. The resulting cost-of-living
crisis in the UK (on-going since 2023) placed a number of financial challenges on the Leisure Trust in
terms of both cost pressures and maximising income opportunities.
Richmond Swimming Pool was closed from 29th June until 9th September 2023 due to boiler issues

Richmondshire Leisure Trust
Company Limlted by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (witlnued)
Year ended 31 March 2024
and a requirement to follow-up on capital investment works previously undertaken in 2022. In addition
to financial risks, significant work was required to inform customers and manage expectations around
the closure and re-opening.
The Leisure Trust continued to be impacted by elevated utility prices, which combined with additional
gas consumption arising from the capital investment works. Investigations continue into
managinglreducing gas consumption in association with North Yorkshire Council who own the building.
As done in previous financial years, the Leisure Trust entered a one-year fixed price contract for ulility
costs, expiring on 31st March 2024, to manage and mitigate financial risk to the Trust if market prices
increased further.
The Leisure Trust is grateful to North Yorkshire Council for additional grant support received towards
some of the increased utility Costs (£52,339) and in covering the loss of income incurred during the
capital investment works (£52,141).
The Trust continues to be dependent on the support of North Yorkshire Council, with whom it operates
as part of a management agreement, together with a five-year funding agreement which commenced
on 1st April 2022 and runs until 31st March 2027. The Trust continues to work closely with the Council
in meeting one of their corporate priorities of "providing a healthy environmenr,.
From 1st April 2023, North Yorkshire Council took over the role and responsibilities of the previous local
aulhority Richmondshire District Council. Following a Strategic Leisure Review undertaken by the new
unitary authority in late-2023, a decision has been taken to bring all leisure provision across the county
in-house under one combined operation, Although the timetable for transfer of activities from the Leisure
Trust to North YorkshiTe Council has yet to be finalised, rt is currently anticipated that Ihis will happen in
early-2025.
Given the continued support of North Yorkshire Council, their ambition to bring the service in-house
from 2025, combined with an annual review of controls over key financial systems, the trustees believe
there will be sufficient resources in the event of adverse trading conditions. It continues to monitor very
carefully financial pressures as well as income levels and visitorlmembership numbers.
The trustees have examined other operational and business risks faced by the charity and believe that
they have established systems to mitigate the significant risks. The charity is organised so that the
trustees meet regularly to manage its affairs.
There is a General Manager, full-time and part time staff who together, take care of the day-to-day
administralion of the charity.
ObJectlvo8 and actlvltles
The charity's objective and principal activity continues to be the provision of facilities and services for
recreational, sporting or other leisure time occupation in the interests of social welfare. Such facilities
being provided to the public at large save that special facilities may be provided for persons who by
reason of their youth, age, infirmity or disability, poverty or social or economic circumstances may have
need of special facilities and services and to advan￿ the education and lifelong leaming of the public
and to promote and preserve good health through community participation in healthy recreation and
such other charitable purposes beneficial to the Gommunity consistent with the objects above as the
trustees shall in their absolute discretion determine.
The importance and wider benefits offered by the Trust and its facilities were brought to the fore during
the global Covid pandemic and cost-of-living crisis and the need to support residents and visitors in
respect of mental health and physical wellbeing issues. This focus continues post-covid and with the

Richmondshire Leisure Trust
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnu•d)
Year ended 31 March 2024
cost￿f-11vIng crisis continuing to impact mental health. The success of this focus is underlined by the
usage and membership numbers which continued to increase during the year.
The trustees confirm they have referred to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the charity's aims and objectives and planning its acts'vities.
The work of the Trust has developed since its initial inception in 2005. Initially established to manage
public swimming pool, the Trust expanded its position to meet wider community leisure and wellbeing
needs and to generate supplementary income to support the financial needs of the pool. These addib'ons
included Libety Health Club (a fitness and wellbeing centre).
The charitable trust employs around 40 staff who are managed by a General Manager. Many of the
activities that operate within the scope of the Trust are provided by volunteers who operate specific
sporting and leisure groups across a wide age range.
Achlevement$ and p•rforman¢•
Business Review
The results of the Company for the year are set out in the Statement of Financial Activities and the
position at the year4nd is set out on the Statement of Financial Position.
As noted earlier, the Leisure Trust has faced signifi'cant challenges during the year arising from th8
impact of utility costs, wider inflationary pressures, the cost-of-living crisis and the bw¢>month closure of
Richmond Swimming Pool for additional capital improvements.
Despite these challenges, the Leisure Trust had a successful year in driving significant improvements
to visitorlmember numbers at both Richmond Swimming Pool and Libety Health Club. Aside of the
temporary closure, usage numbers at the Pool exceeded pre-covid levels, despite a reduction in
swimming attendances natiorially, whilst membership at Liberty's rose by 22,/0 during the year.
Toial income for the year increased by 6.30/0 compared with 2022123. Efficient and effective
management of cost pressures ensured total expenditure increased by just under 30h.
Throughout this period, the Trust has been very appreciative of the on-going support provided by North
Yorkshire Council, who remain a major stakeholder in the Trust through their continued financial support
and grant assistance.
Financial review
Reserve policy
It is the goal of the charity to maintain unrestricted funds at a level that equates to approximately three
months unrestricted expenditure. This would provide suffi'cient funds to cover management,
administration and support costs, in adverse conditions.
A significant first step was made in achieving this aim with the creation of a £50,000 Operational Reseple
fund during 2020-21. Afurther£50,000 was added to the reserve during 2023-24 from working balances,
taking the Operational Reserve to £100,000 at 31st March 2024.
During the year, £10,000 was set aside in a new reserve to cover rent payments for Liberty Health Club
due as part of the lease agreement with the owner of the building and payable before the end of the

Richmondshire Leisure Trust
Company Llmltsd by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2024
current lease period.
The Leisure Trust incurred a small operational deficit in 2023-24 of £6,480.
Aside of the Operational ReseTve, working balances included as part of Trust's unreslricted funds at
31st March 2024 stood at £88,387. This represents a reduction of £66,480 on the working balance from
the previous financial year, which consists of the £50,000 transfer to the Operational Reserve, a further
£10,000 set aside to cover rent payments for Liberty Health Club and the deficit for the financial year of
£6,480.
The Leisure Trust has previously accessed, as a contingency, a £50,000 Bounce-Back loan from the
UK government as part of the Covid Bounce-Back Loan Scheme to help mitigate against any cashflow
risks arising from the Covid pandemic. Repaymenls of this loan commenced in 2021-22 and continued
throughout the financial year 2023-24, with a balance of £23,334 outstanding as at 31st March 2024, of
which £10,000 is due to be repaid within the next ￿e1ve months.
Business review
The Trustees have sought the assurance of North Yorkshire Council for its continued support going
forwards and have entered into the 2024125 financial year with this assurance through the five-year
extension to the Management and Funding Agreement running through until March 2027.
As previously noted, following a Strategic Leisure Review undertaken by North Yorkshire Council in late-
2023, a decision has been taken to bring all leisure provision across the county in-house, under one
combined operation. Although the timetable for transfer of activities from the Leisure Trust to North
Yorkshire Council has yet to be finalised, It is currently anticipated that this will happen in early-2025.
Trustees. re8ponslb116tle8 Statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing the
trustees, report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that peflod.
In preparing these financial statements, the trustees are required to-
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the applicable Charities SORP,.
make judgments and accounting estimates that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
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 charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hen

Richmondshire Leisure Trust
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2024
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provl8lons
This report has been prepared in accordance with the provisions applicable to companies entitled to the
small companies exemption.
The trustees, annual report was approved on 7 October 2024 and signed on behalf of the board of
trustees by..
A White
Trustee {Chair}

Richmondshire Leisure Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Richmondshire Leisure Trust
Year ended 31 March 2024
Opinion
We have audited the financial statements of Richmondshire Leisure Trust (the 'charity') for the year
ended 31 March 2024 which comprise the statement of financial activities (including income and
expenditure account), statement of financial position, statement of cash flows and the related notes.
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 FRS
102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Praclice).
In our opinion the financial statements-
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then
ended:
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.,
have been prepared in accordance with the requirements of the Charities Act 2011.
Ba818 for oplnlon
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 auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant lo 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.
Concluslons relatlng to golng 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 charity's ability to
continue as a going wncern for a period of at least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.

Richmondshire Leisure Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Richmondshire Leisure Trust
(continued)
Year ended 31 March 2024
oth•r Inforniatlon
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The twstees are responsible for the other information. Our
opinion on the financial statements does not cover Ihe other information and, except to the extent
otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon.
In connection with our audit ofthe financial statements. our responsibility is to read the other infomation
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 inconsisiencies 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.
We have nothing to report in this regard.
Matter8 on whlch we are requlred to report by exceptlon
In the light ofthe knowledge and understanding of Ihe charity and its environment obtained in the course
of the audit, we have not idents'fied material misstatements in the trustees, report.
We have nothing to report in ￿SpeCt of the following matters in relation to which the Charities Act 2011
requires us to report to you if, in our opinion..
the information given in the trustees, report is inconsistent in any material respect with the financial
statements., or
adequate accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.
R•sponslbllltlo8 of tru8tee8
As explained more fully in the trustees, responsibilities statement, the trustees 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
ststements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going con￿rn, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic altemative but to do so.

Richmondshire Leisure Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Richmondshire Leisure Trust
(continued)
Year ended 31 March 2024
Auditorfs 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 tsken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non<ompliance with laws and regulations. We deson
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 delecting
irregularities, including fraud is detailed below..
The objectives of our audit are to identify and assess the rlsk of material misstatement of the financial
statements due to fraud or error. It is also our objective to obtain sufficient appropriale audit evidence
regarding the risks we have assessed and respond as appropriate to them. Even though an audit is
planned and performed in accordance with the ISAS (UK), an audit has an unavoidable risk that material
misstatements in the financial statements may not be detected. In identifying and assessing the risk of
material misstatement in respect of irregularities, including fraud, our audit procedures included the
following..
We obtained an understanding of the legal and regulatory frameworks applicable to the charitable
company and the environment in which they operate.
We obtained an understanding of how the charitable company ensures their compliance with the
applicable legal and regulatory frameworks through inquiries to the management and those charged
with ensuring such compliance within the charitable company. We corroborated our inquiries through a
review of transactions within the financial statements that were linked to compliance with laws and
regulations. We also reviewed any available board minuies.
We assessed the susceptibility of the charitable company's financial statements to material
misstatement with regards io how fraud might occur. Audit procedures performed by the team included..
Identifying and assessing the effectiveness of controls the management of the charitable company
has in place to detect and prevent possible fraud.
Understanding how those involved with ensuring compliance considered and addressed the
potenlial override of controls or undue influence over the financial reports,
Challenging any major assumptions and judgements that the management used in any significant
accounting estimates:
Reviewing journal entries made with emphasis placed on those with unusual combinations and
those around the accounting year end: and
Assessing the extent of compliance with applicable laws and regulations.
10

Richmondshire Leisure Trust
Company Limited by Guarantse
Independent Auditor's Report to the Members of Richmondshire Leisure Trust
(contlnued)
Year ended 31 March 2024
As part of an audrt in accordance with ISAS (UK). we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perfonn audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions. misrepresentations, or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the truslees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the charity's ability to continue as a going concern.
If we conclude that a material uncertainty exisls, we are required to draw attention in our auditor's
report to the related disclosures in the financial statements or, if such disclosures are inadequate,
to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of
our auditor's report. However, future events or conditions may cause the charity to cease to
continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events
in a manner that achieves fair presentation.
11

Richmondshire Leisure Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Richmondshire Leisure Trust
(contlnued)
Year ended 31 March 2024
We communicate with those charged with govemance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Us• of our r•port
This report is made solely to the charity'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 charity'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 charity and the charity's members as a body, for our audit work, for this report, or for the opinions
we have formed.
Mr Christopher Gorman FCA FCCA (Senior Statutory Auditor)
For and on behalf of
Chipchase Manners
Chartered Accountants & statutory auditor
384 Linthorpe Road
Middlesbrough
TS5 6HA
7 October 2024
12

Richmondshire Leisure Trust
Company Limitsd by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Not•
Income and endowments
Donations and grants
Charitable activities
Investment income
398,632
522,274
6,371
58,114
456,746
522,274
6,371
985,391
468,306
457,089
1,269
Total Income
927,277
58,114
926,664
Expenditure
Expenditure on charitsble activities
Other expenditure
Total exp•ndltur•
932,059
1,698
933,757
58,122
990,181
1,698
991,879
962,692
483
58,122
963,175
Net expenditure and net movement In
funds
{6,4801
(8)
(6,488)
{36,511)
Reconclllatlon of funds
Total funds brought forward
Total funds carried fonNard
204,867
438
205,305
198,817
241,816
205,305
198,387
430
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 17 to 29 fomi part of these financial statements.
13

Richmondshire Leisure Trust
Company Llmited by Guarantee
ststement of Financial Position
31 March 2024
2024
2023
Note
Flxed as8•t8
Tangible fixed assets
17
5,219
6,722
Current assets
Stocks
Deblors
Cash at bank and in hand
18
19
7,310
48,402
422,033
477,745
9,561
82,159
261,714
353,434
Creditors: amounts falllng due within one yoar
Net Current assets
20
270,813
206,932
212,151
131,517
221,917
228,639
Total assets less curr•nt liabiliti08
Creditors: amounts falling due after more than one year
Net assets
21
13,334
23,334
205,305
198,817
Funds of the charity
Restricted funds
Unrestricted funds
430
198,387
438
204,867
Total charlty funds
23
198,817
205,305
For the year ending 31 March 2024 the charity was entitled to exernption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
The statement of financial position
continues on the following page.
The notes on pages 17 to 29 fom part of these financlal statements.
14

Richmondshire Leisure Trust
Company Limited by Guarantee
Statement of Financial Position (contlnued)
31 March 2024
These financial statements were approved by the board of trustees and authorised for issue on 7
October 2024, and are signed on behalf of the board by..
A IAlhite
Trustee
Tho notes on pages 17 to 29 forni part of these financial statements.
15

Richmondshire Leisure Trust
Company Limited by Guarantse
ststement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operating actlvltles
Net expenditure
(6,488}
(36,511)
Adjustments for..
Oepreciation of tangible fixed assets
Olher interest receivable and similar income
Accrued expensesl(income)
2,435
(6,371)
41,450
12,543
(1,269)
(2.707)
Changes in..
Stocks
Trade and other debtors
Trade and other creditors
2,251
(3,909)
135,512
(557)
(9,615)
(7,876)
(45,992)
Cash generated from operations
164,880
Interest received
6,371
1,269
Net cash froml(used in) operating activities
171,251
(44,723)
Cash flows from Investlng actlvltles
Purchase of tangible assets
Loss on disposal of tangible fixed assets
Net cash (used in)lfrom investing activities
(932)
{12,839)
20,474
7,635
(9321
Cash flows from financing activities
Proceeds from borrowings
Net cash used in financing activities
110,0001
110,0001
{10,000)
{10,000)
Net increaselldecreasel In cash and cash equivalent8
Cash and cash equivalonts at beglnnlng of year
Cash and cash equivalents at end of year
160,319
261,714
422,033
(47,088)
308,802
261,714
The noles on pages 17 to 29 fomi part of these financial statoments.
16

Richmondshire Leisure Trust
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General Informatlon
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered Charity in England and Wales. The address of the registered
office is Richmond Swimming Pool, Old Ststion Yard, Richmond, North Yorkshire, DL10 4LD.
Statement of compllanco
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Staternent of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial ReF)Orting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102}) and the Companies Act 2006.
A¢¢ountlng pollcl•8
Basis of preparatlon
The financial statements have been prepa￿d on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estlmation uncertainty
The preparation of the financial statements requires management to make judgements, estimates
and assumplions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms ofan appeal, and fall into one of bwo sub-classes.. restricted income funds or endowment
funds.
17

Richmondshire Leisure Trust
Company Limited by Guarantea
Notes to the Financial Statements (Contlnued)
Year ended 31 March 2024
Accounting policies (Continued)
Incomlng resources
All incoming resources are included in the statement of financial activities when ents'tlement has
passed to the charity., it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all Costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direcl costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Goodwill
Goodwill arises on business acquisitions and represents the eX￿s$ of the cost of the acquisition
over the charity's interest in the net amount of the identifiable assets, liabilities and contingent
liabilities of the acquired business.
18

Richmondshire Leisure Trust
Company Limitsd by Guarantee
Notes to the Financial Ststements {c¢>ntlftu•d)
Year ended 31 March 2024
Accounting policies (witinued)
Goodwlll (Continu￿)1
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.
It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful
life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset. less its estimated residual value,
over the useful life of that assel as follows..
Goodwill
Goodwill has previously been amortised to nil
If there is an indication that there has been a significant change in amortisation rate, useful life or
residual value of an intangible asset, the amortisation is revised prospectively to reflect the new
estimates.
Tanglble assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded
at the fair value at the date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.
D•pr•¢iation
Depreciation is calculated so as to wrrte off the cost or valuation of an asset, less its residual value,
over Ihe useful economic life of that asset as follows..
Fixtures, fittings and
equipment
20-33% Straight line
Impairment of fixed assets
A review for Indicators of impairment is carried out at each reporting date. with the recoverable
amount bein9 estimated where such indicators exist. Vvhere the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount
of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit
to which the asset belongs. The cash-generaling unit Is the smallest identifiable group of assets
that includes the asset and generates cash inflov￿ that largely independent of the cash inflows
trom other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
19

Richmondshire Leisure Trust
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accounting policies (contlnued)
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and
sell. Cost includes all costs of purchase. costs of conversion and other costs incurred in bringing
the stock to its present location and condition.
Defined conlributlon plans
The pension costs charged in the financial statements represent the contribution payable by the
charity during the year.
Llmlted by guarantee
The charity is constituted as a company limited by guarantee, and is therefore governed by a
memorandum and articles of association.
Donatlons and grants
Unrestricted
Funds
Restricted Total Fund8
Funds
2024
Donations
Donations
Grants
North Yorkshire Council grants
RDC - Sports Development grants
Broadacres grants
NYC Utility Support grants
RDC Area Partnership grants
Colburn Town Council grants
NYC Locality Fund grants
NYC Stronger Communities Born to Move grants
NYC FEAST grant
Richmond Town Council Born to Move grants
NYC loss of income grant
346,491
346,491
250
52,339
250
52,339
1,000
4,375
150
1,000
4,375
150
52,141
52,141
398,632
58,114
456,746
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Donations
20

Richmondshire Leisure Trust
Company Limited by Guarantee
Notes to the Financial Ststements (¢ontinu¢d)
Year ended 31 March 2024
Donations and grants (contlnuodj
Unrestricted
Funds
Reslricted Totsl Funds
Funds
2023
Grants
North Yorkshire Council grants
RDC - Sports Development grants
Broadacres grants
NYC Utility Support grants
RDC Area Partnership grants
Colburn Town Council grants
NYC Locality Fund grants
NYC FEAST grant
NYC loss of income grant
298,000
298,000
1 5,000
500
52,907
592
28,000
2,500
2,250
68,556
15,000
500
52,907
592
28,000
2,500
2,250
68,556
366,557
101,749
468,306
Charltable actlvltle8
Unrestricted Total Funds un￿strICted Total Funds
Funds
2024
Funds
2023
Sports facilities
Catering
Fundraising events
517,760
3,043
1,471
517,760
3,043
1,471
522,274
453,552
2,343
1,194
453,552
2,343
1,194
522,274
457,089
457,089
Inv•8tmonl Incomo
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
8ank interest receivable
6,371
6,371
1,269
1,269
21

Richmondshire Leisure Trust
Company Limited by Guarantee
Notes to the Financial Statements (contlnuod)
Year ended 31 March 2024
Expendlture on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Sports and Leisure Facilities costs
Support costs
632,478
299,581
57.872
250
690,350
299,831
932,059
58,122
990,181
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Sports and Leisure Facilities costs
Support costs
555,606
276,878
130,208
685,814
276,878
832,484
130,208
962,692
Expenditure on ¢harltable actlvltles by actlvlty typ•
Activities
undertaken
directly
Support Total funds
costs
2024
Total fund
2023
Sports and Leisure Facilities costs
Governance costs
690,350
690,350
299,831
685,814
276,878
299,831
690,350
299,831
990,181
962,692
10. Analys18 of support Costs
Sports and
Leisure
Facilities
Total 2024 Total 2023
Staff costs
Premises
General office
Governance costs
Travel and subsistence
Depreciation
Subscriptions
Catering and vending
Training
Irrecoverable VAT
Loss on disposal of tangible fixed assets
262,479
389,960
2,473
299,831
962
2,435
535
1,233
3,366
26,907
262,479
389,960
2,473
299,831
962
2,435
535
1,233
3.366
26,907
297,236
323,372
3,732
276,878
1,385
12,543
535
1,932
3,200
21,405
20,474
990,181
990,181
962,692
22

Richmondshire Leisure Trust
Company Limited by Guarantee
Notes to the Financial Statements (Contlnued)
Year ended 31 March 2024
10. Analysis of support costs (continued)
Analysis of Governance Costs..
2024
2023
Admin gross wages, employers Nl and pension
Insurance
Audit fees
Legal and professional costs
Payroll costs
Other office costs
Printing and promotion
Bank charges
Fees and licences
Special project costs
Interest on loans
233,993
13,469
4,600
2,502
6,410
13,180
4,046
8,554
7,892
4,536
649
199,332
17,046
4,600
2,542
6,284
12,793
6,272
7,169
8,748
11,443
649
299,831
276,878
11. othor •xp8nditur•
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bad debts
1,698
1,698
483
483
12. N•t •xp•ndltur•
Net expenditure is stated after chargingl(crediting):
2024
2023
Depreciation of tangible fixed assets
2,435
12,543
13. Audltors remuneratlon
2024
2023
Fees payable for the audit of the financial statements
4,600
4,800
23

Richmondshire Leisure Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
445,748
24,654
26,070
449.078
23,095
24,395
496,472
496.568
The average head count of employees during the year was 32 (2023.. 33). The average number of
full-lime equivalent employees during the year is analysed as follows..
2024
No.
2023
No.
Full time
Part time
Volunteers
12
20
12
21
33
No employee received employee benefits of more than £60,000 during the year (2023.. Nil).
15. Trustee remuneration and •xp•nses
No remuneration or benefits have been received by the trustees.
16. Intanglbl• as39t8
Goodwill
C081
At 1 Aprll 2023 and 31 March 2024
Amortlsatlon
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
64,000
64,000
At 31 March 2023
24

Richmondshire Leisure Trust
Company Limited by Guarantee
Notes to the Financial Ststements (Continued)
Year ended 31 March 2024
17. Tanglblo fixed as80ts
Fixtures and
fittings
Cost
At 1 April 2023
Additions
106,370
932
At 31 Mareh 2024
107.302
Depreclatlon
At 1 April 2023
Charge for the year
At 31 March 2024
99.648
2.435
102.083
Carrying amount
At 31 March 2024
5.219
At 31 March 2023
6.722
18. Stock8
2024
2023
Raw materials and consumables
7,310
9,561
19. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
13,182
35,220
48,402
16,265
65,894
82,159
20. Credltor8; amounts falling duo Wlthin one year
2024
2023
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Social security and other taxes
10,000
131.788
93,922
35,103
10,000
21,419
90,138
9,960
270,813
131,517
25

Richmondshire Leisure Trust
Company Limited by Guarantee
Notss to the Financial Statements fconlinued)
Year ended 31 March 2024
21. Creditors: amounts falling due after more than one year
2024
2023
Bank loans and overdrafts
13,334
23,334
22. Penslons and othar post-r•tlr•menl b¢n•flts
Deflned contributlon plans
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £26,070 (2023.. £24,395).
23. Analysis of charltabl• funds
Unrestricted fund8
At
Transfers 31 March 24
At 1 April 23
Income Expenditure
General funds
Operational reserve
fund
Liberty rent fund
154,867
927,277
(933,757)
(60,000)
88,387
50,000
50,000
10,000
100,000
10,000
204,867
927,277
{933,757)
198,387
At
Transfers 31 March 23
At 1 April 22
Income Expenditure
General funds
Operational reserve
fund
Utility increase fund
Football Foundation
pitch project fund
137,919
824,915
(832,967)
25,000
154,867
50,000
15,000
50,000
(15,000)
10,000
(10,000)
212,919
824,915
(832,967)
204,867
The general fund is utllised to ensure that the objectives of the charity are attained. The general
fund also contains the fixed asset resepie.
The designated Operational fund is earmarked to assist throughout the general operations of its
facilities for the foreseeable future or beyond.
The designated Liberty fund is earmarked to assist with possible future rental payments due in
relation to the Liberty Health Club propety-
26

Richmondshire Leisure Trust
Company Limited by Guarantee
Notes to the Financial Ststements fcontlnued)
Year ended 31 March 2024
Restrlcted funds
At
Transfers 31 March 24
At 1 April 23
Income Expenditure
Sport England Small
Grant fund
NYCC FEAST fund
Broadacres fund
NYC Utilities Support
fund
Richmond TC Born to
Move Project
NYC Stronger
Communities Inspire
Born to Move
438
(4381
(4,3751
(250)
4.375
250
52.339
(52,3391
150
(150)
1,000
58.114
(570)
(58.122)
430
438
430
At
Transfers 31 March 23
At 1 April 22
Income Expenditure
Armed Forces Covenant
Fund Trust
RDC Sports
Development Fund
RDC Area Partnership
Fund
NYCC Locality Fund
North Richmondshire
Community Partnership
Fund
Sport England Small
Grant fund
Colburn Town Council
fund
Nalional lottery fund
Football Foundation
fund
RDC CIF fund
NYCC FEAST fund
Broadacres fund
NYC Utilities Support
fund
795
(795)
15,000
(15,000)
592
2,500
(592)
{3,076)
576
56
{56)
438
438
28,000
(28,000)
13,004)
3,004
16,250
7,778
(16,250)
{7,778)
{2,250)
(500)
2,250
500
52,907
101,749
(52,907)
(130,208)
28,897
438
The purpose of the Armed Forces Covenant Fund Trust Grant was to contribute towards new
equipment for the Libety Gym. This is being released at the same rate as the depreciation on the
assets for which it assisted the purchase.
The purpose of the Sports Development income was to contribute to sports development staff
costs.
27

Richmondshire Leisure Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
The purpose of the Sport England Small Grant Fund is to assist with the costs of a Children's
Aquafit and Water Body Combat project.
The purpose of the NYCC FEAST fund was to assist with a project that aimed to provide healthy
food and enriching activities to children on benefits-related free school meals.
The purpose of the Broadacres fund was to assist with some general repair work at the leisure
centre.
The purpose of the NYC Utilities Support fund was to assist with the increased cost of utility bills
as a result of the nationwide energy price issues in the UK.
The purpose of the Richmond Town Council Born to Move fund was to assist with the costs of
providing Born lo Move exercise classes at the facilities.
The purpose of the NYC Stronger Communities Inspire Born to Move fund was to assist with the
costs of providing Born to Move exercise classes at the facilities.
24. Analysi8 of net assets between funds
Unrestricted
Funds
Restricted Tolal Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
5.219
477,315
(270,813)
(13,334)
198,387
5,219
477,745
(270,813)
(13,334)
198,817
430
430
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
6,722
352,996
{131,517)
(23,3341
204,867
6,722
353,434
(131,517)
(23,334)
205,305
438
438
25. Financial instruments
No financial instruments were used by the charitable company that would be considered non-basic
in nature and therefore no additional disclosure has been made.
28

Richmondshire Leisure Trust
Company Limited by Guarantee
Notes to the Financial Statsments (contlnued)
Year ended 31 March 2024
26. Analys5s of changes In net debt
At
At 1 Apr 2023 Cash ITows 31 Mar 2024
Cash at bank and in hand
Debt due within one year
Debt due after one year
261,714
(10,000)
(23,334)
228,380
160,319
422,033
{10,000)
{13,334)
398,699
10,000
170,319
29

Richmondshire Leisure Trust
Company Limited by Guarantee
Management Information
Year ended 31 March 2024
The followlng pag•s do not fom) part of the financlal statements.
30