COMPANY REGISTRATION NUMBER: 05095316 CHARITY REGISTRAnoN NUMBER: 1111723 Rlchmondshire Leisure Trust Company Limited by Guarantee Unaudited Financial"Statements 31 March 2025 *AEfjMKK8H• 0311212025 COMPANIES HOUSE A06 #99 Richmondshire Leisure Trust Company Llmited by Guarantee Financlal Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statemenl of financial aclivities (including income and expendilure account) 10 Statement of financial position Noies to the financial statements 11 12 The followlng pages do not form part of the flnanclal stalements Detailed stalement of financial activilies 25 Notes to the detailed statement of financial activities 27 Richmondshire Leisure Trust Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The trustees, who are also the directors for Ihe purposes of company law. present their report and the unaudited financial slalements of the charity for the year ended 31 March 2025. Chalr'8 report This report refers to the period of the Trust trading from April 2024 to March 2025. As outlined in the Annual Report to our last AGM on 7th Oclober 2024, It was anticipated Ihal April 2024 to March 2025 would be the final year that the Trust would be managing the operation al Richmond Swimming Pool and at the Liberty Health Centre. In reality, the last day ol operational responsibility lor the Trust was 28th February 2025. The Trust having managed the Swimming Pool for two decades having come into being in 2005. The final year ol the Trust's operational management saw a continuation of growth in the levels of usage at both the Pool and at Libety's. For the 12-month period Irom March 2024, attendances reached circa 60.000 visits at Richmond Pool. As mentioned in previous reports this recovery in levels of usage. following closures due to Covid and Capital Work Schemes. lar exceeds the National Trend in up lake at similar facilities. Credit here, must be given Ihe dedicated slaff of the Trust who have worked tirelessly throughout this period. Our staff. expertly led by our General Manager were operating throughout the year in the knowledge that Iheir employer would change at the end ol February. Uncertainly usually causes concern, irrespectlV8 01 r8assurances, so it is important to recognise the extremely high level ol commilment that all staff have made during the final year of management by the Trust. During this year. the anticlpated reduclion in energy usage al the Pool as a result of the major Capital works was sadly not realised. The boilers continued to use increased levels ol Gas. The Air Source Heat Pump had failed lo make a difference and the Heal Exchange systems have not enabled a reduction in energy levels. As a resull ol this, our energy costs for the year were much higher than they ought to have been leading to the deficit of expenditure over income needing io be met from the Trusts, Financial Reserves, as can be seen from the financial statements presented lo this meeting. On February 8th 2025, we held an event at the Pool to thank Ihe many hundreds of people for Ihèir contribution 10 the work of the Trust since 2005. It is often said Ihat a measure of strength ol a communiiy is reflected in the level of voluntary commilmenl made by its members. In this regard Richmond is well blessed. Over the years many thousands of local people have given their time to the Health and Wellbeing of others and many millions of hours have been freely given. This we feel is a lovely legacy to contemplate as the managerial responsibility ol tha Pool and Health Centre transfers Richmondshire Leisure Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2025 to a new organisalion. Shortly after the transfer of operational responsibility, North Yorkshire Council needed to close the Pool as pieces of ceiling had fallen from the roof space. A decision to extend Ihis closure wilh an option lo permanently close the Pool has caused considerable alarm throughout the area. Al the time of writing this report the future of the Pool is uncertain as North Yorkshire Council conducl some in depth surveys on other aspects of the building. The Management Agreement between Richmondshire Leisure Trust and North Yorkshire Council requires any balance of financial reserves. when the Trust stops Irading, to be transferred to the Council. However, the Articles of Association of Ihe Trust. which is a regislered charily, require any reserve to be used to further the work ol Ihe Trust. The Directors of the Trust expect that any transfer of reserve will be used for this aim. If North Yorkshire Council decide to close the Pool there will need lo be a detailed discussion between the Trust and the Council regarding the intended use ol the Reserve before the Directors, who are also Trustees, will be able to release any remaining reserves to the Council. In conclusion we would wish to thank the Management Board of the Trust lor their continued commitment through Ihis receni period ol tinancial difliculty and uncertainty. We very much hope that Ihat the significant contribution that has baen made to the Health and Wellbeing of local people over the past 20 years will b8 able to conlinue In a form thai meéts Ihe needs of local residents. Richmondshire Leisure Trust Company Limited by Guarantee Trustees. Annual Report {Incorporatlng Ihe Dlrector's Report) fcontlnued) Year ended 31 March 2025 Reference and administrative delalls Reglstered eharlty name Richmondshire Leisure Trust Charily registrallon number 1111723 Company regl8lraiion number 05095316 Princlpal off ice and registered Richmond Swimming Pool offlce Old Slalion Yard Richmond North Yorkshire DL10 4LD The trustees J Franc1$ J Stubbs R Joyce A White D A Chefneux J W Riley W H Cross S L Benson P J Devlin (Resigned 2 September 2024) Independenl examlner C S Gorman Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA Richmondshire Leisure Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating Ihe Dlrector's Report) (wnllnu•d) Year ended 31 March 2025 Structure, governan¢• and management Risk Management The trustees actively review 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 increases in the National Living Wage, elevated utility costslusage (due partly lo on-going issues with heating systems at Richmond Pool) and wider inflalionary pressures across the UK economy. Following the decision in December 2023 by North Yorkshire Council to take County-wide leisure provision back in-house, Selby and Harrogate Iranslerred their provision in late-2024 ahead of an agreed date of transfer for Richmondshire Leisure Trust of 28th February 2025. The Trust was therefore operational for a period of eleven months of the year. wilh the transfer completed on the agreed date. Work conlinues In 2025 to complele the formal winding-up of the Trust and its flnancial accounts. When setting the budget for the year, the Leisure Trust anticipaled some use ol its reserves in order to balance ils budgel. Despite the costs pressures outlined above. income for the Trust remained very resilient and exceeded budget largels by over £81,000. This underlined the successful operalion of both Richmond Pool and Liberty Heallh Club and the value the facilities have in supporting the health and menlal well-being of users, visilors and local residents. The Pool Continued lo value Ihe support of local clubs and schools throughout the year and role the Pool places In their development. The Trust continued lo be dependent on the support of North Yorkshire Council, with whom it operated as part ol a management agreement. The previous five-year funding agreement which commenced on 1s1 Aprll 2022 and was scheduled to run unlil 31 sl March 2027, terminated on 28th February 2025 as part of the transfer back in-house. The Trust continued to work closely throughout the year with North Yorkshire Council in meeting one of their corporate priorities of 'providing a healthy environrnent" Throughout the year, Trustees regularly reviewed management accoun15 and linancial conlrols to ensure sufficient resources were available in the event of adverse Irading conditions and to ensure a stable financial position was operating at the time of transfer. Trustees also ensured provision was made to cover winding-up costs, ahead of the Iransler. The trustees have examined other operational and business risks faced by the charity and ensured that Ihey had established systems to mitigate the signilicanl risks. The charity is organised so Ihal the trustees meet regularly to manage Its attairs. There Is a General Manager. full-time and part tlme staff who together, take care of Ihe day-lo-day adminlslration of Ihe charity. All staff have transferred lo North Yorkshire Council on 28th February 2025. Richmondshire Lelsure Trust Company Llmited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conllnued? Year ended 31 March 2025 Oblectlve¥ and acllvltlos The Charity's ofy'ective and principal activity continued to be the provision of facilities and serdices for recreational. sporting or other leisure lime occupation in the interesls of social welfare. Such lacilities being provided lo the public al large save Ihal special facilities may be provided for persons who by reason of their youth. age, infirmity or disability. poverty or social or economic circumslances may have need of special facililies and services and to advance the educatlon and lifelong learning of the public and to promote and preserve good health through community parlicipalion in healthy recreation and such other charitable purposes beneficial to the community consistenl with the objects above as the trustees shall in their absolute discretion determine. The importance and wider benefits offered by the Trusl and its facllltles were brought to the fore during the global Covid pandemic and cosl-ol-living crisis and the need to support residents and visitors in respect of mental health and physical wellbeing issues. This focus conlinued posl. Having satisfied myself Ihat the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for Independenl examlnation, I report in respect ol my examination ol the charity's accounts as carried oul under section 145 of the Charities Act 2011 ('the 2011 Act'l. In carrying out my examinalion I have followed the Directions given by the Charity Commission under section 145{51{b) ol the 2011 Act. Independenl examlner's siaiement - matter of concern Idenllfled Slnce the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of Ihe 2011 Acl. I conflrrn that l am qualified to undertake the examinalion because l am a member of the Institute of Chartered Accountants in England and Wales {ICAEW}, which is one of the listed bodies. Attention is lo be drawn to note 3 and note 26 with regard to the going concern and the transfer ol operations of the charitable company respectively, in order to enable a proper understanding of the financial slatements. I confirm that no other malters have come lo my attentlon in conneclion wilh my examination giving me cause lo believe Ihal in any material respect: accounting records were not kept In respect of the charity as required by section 386 01 the 2006 Act; or the financial statemenls do not accord with those records: or the financial stalemenls do nol comply wlth the accounting requirements ol section 396 of the 2006 Acl olher Ihan any requiremenl that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independenl examination; or Ihe linancial statements have not been prepared in accordance with the methods and principles of the Slatement of Recommended Practice for accounling and reporting by charilies applicable to charilies preparing their accounls in accorclance wtlh Ihe Financial R8PDrting Slandard applicab18 in th8 UK and Republic of Ireland IFRS 102). Richmondshlre Leisure Trust Company Limited by Guarantee Independent Examiner's Report to the Trustees of Richmondshire Leisure Trust (¢onllnu￿J Year ended 31 March 2025 I confirm that there are no olher matters to which your attention should be drawn to enable a proper understanding of Ihe accounts to be reached. c£. C S Gorman Chipchase Manners Independent Examiner 384 Linthorpe Road Middlesbrough TS5 6HA Richmondshire Leisure Trust Company Limited by Guarantee Stalement of Financial Activilies (Includlng Income and expendilure accounl) Year ended 31 March 2025 2025 Restricled funds Tolal fund$ Total funds 2024 Unrestricted funds Nol• Income and endowments Donalions and grants Charilable aclivilies Investment income 332,260 576,052 8.853 1.000 (1 ,000) 333.260 575,052 8,853 456.746 522.274 6,371 Total Income 917.165 917,165 985,391 Expendlture Expenditure on charltable actlvltles Olher expenditure Total •xpendlture 1,021.749 71 430 1,022,179 71 990,181 1,698 1,021,820 430 1,022,250 991,879 Nel expendlture and net movement In lunds (104,655> (430) (105.085) (6.488) Reconclllallon ol tunds Total funds brought forward Total funds carrled lorward 198.387 430 198,817 93,732 205.305 93,732 198,817 The statemenl of financial aclivilies includes all gains and losses recognised in the year. All income and expenditure derive from conlinuing activities. The notes on pages 12 to 23 lorrn part ol these financlal slatemenls. 10 Richmondshire Leisure Trust Company Limlted by Guarantee Slatement ol Financial Position (¢onllnu•d) 31 March 2025 2025 2024 Not Flxed assets Tangible fixed assets 18 5,219 Current assets Stocks Debtors Cash at bank and in hand 19 20 7,310 48,402 422,033 1,899 162,160 164.059 477.745 Crediiors: amounts lalllng due wllhln one yèar Nel current asset8 21 70.327 270,813 93.732 206.932 Total assets loss ¢urrenl Ilabllltles 93,732 212,151 Credltors: amounts falllng du• aft•r more than on• y•ar Net a3sel8 22 13,334 93,732 198,817 Funds of Ihe charlly Restricted funds Unreslricted funds 430 198,387 198,817 93,732 93,732 Tot•1 eharliy lundg 24 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 ol the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company lo obtain an audit of lis financlal siaiem6niS lor the year in question In accordance wllh section 476: The directors acknowledge their responsibilities for complying with the requirements ol the Act with respect to accounting records and the preparation of financial statements. These financial slatements have been prepared in accordance wtth Ihe provisions applicable to companies subjecl to Ihe small companies. regime. These linancial statemenls were approved by the board of Iruslees and authorised lor Issue on 1 Sepiember 2025, and are signed on behalf of the board by: A White Trustee The notes on pages 12 10 23 lomi part of these flnanclal statements. 11 Richmondshire Leisure Trust Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General Informallon 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 Slation Yard. Richmond, North Yorkshire. DL10 4LD. Statement of compllance These linancial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Slandard applicable In the UK and Ihe Republic of Ireland,. the Slatemenl of Recommended Practice applicable to charities preparing their accounls in accordance wilh the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) {Charilies SORP (FRS 102)) and the Companies Act 2006. Accounllng pollcle8 Ba818 of preparatlon The financial statemenis have been prepared on the hisiorical Cosi basis, as modified by the revaluatSon ol certain financial assets and Ilabllities and Investment propertles measured at fair value through income or expenditure. The financial stalements are prepared in sterling, which is Ihe functional currency of the enlity. Golng concern The going concern basis of preparalion is not appropriale, therefore the accounts are nol prepared on the going concern basis. This is due lo Ihe cessalion ol the trade on 28 February 2025 as il transferred lo be operated by North Yorkshlre Council. Relevant assets were transferred lo the new operator immediately on that date. Any remaining liabilities belonging to the charity are recognised on the Statement of Financial Position. It is the intention of the charity and its trustees lo settle any remaining liabilities in the coming financial year with the view to closure ol the trusl before the next financial year end, with any remaining funds to be either distributed to Ihe new operator, or donaled to a qualifying charity, dependent on the operational future of the facilities. D18c108ure exempllon• The entity satisfies the crileria of being a small charitable company and therefore no cash flow slalemenl has been presenled. Judgomonis and key sources ol estlmallon uncerlalnty The preparation of the financial statemenls requires managemenl to make judgements, estimates and assumptions Ihat affect Ihe amounts reported. These estimates and judgemenls are continually reviewed and are based on experience and other factors, including expectations ol future events that are believed to be reasonable under the circumstances. 12 Richmondshire Leisure Trust Company Limlted by Guarantee Notes lo the Financial Statemenls (contlnued) Year ended 31 March 2025 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 reslrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo sub-classes- restricted income funds or endowment funds. Incomlng r•8ourc•s All incoming resources are included in the statement of financial activities when entitlement has passed lo Ihe charity., it is probable that the economic benelits associated with the transaction will flow to Ihe charity and the amount can be reliably measured. The following specific policies are applied to particular calegories of income: Income from donations or grants is recognised when there is evidence of entitlemenl to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when recelpi is probable and entillement is eslablished. income ffom donated goods Is measured at the lair value of the goods unless thls Is Impraclical 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 amounls are included for Ihe conlrlbution of general volunteers. income from contracts for the supply of seNices is r8cognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for il 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 Ilability is incurred. Expendilure Includes any VAT which cannol be fully recovered. and is classifled under headings of the statemenl of financial activities lo which it ielates.. expenditure on raising lunds includes the costs of all fundraising activities. events. non-charitable Irading activllies, and the sale of donaled goods. expenditure on charitable activities includes all cosls incurred by a charity in undertaking activities that further its charitable aims for the benefil of ils beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charilable aclivilies. olher expenditure includes all expendilure that is neither relaled to raising funds lor the charity nor part of its expenditure on charitable aclivilies. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attribulable to a single activity are allocated direclly to that activity. Shared costs are apportioned belween the activities they conlribule lo on a reasonable, justifiable and consislenl basis. 13 Richmondshire Leisure Trust Company Limited by Guarantee Notes to Ihe Financial Statements (¢onllnued) Year ended 31 March 2025 Goodwill Goodwill arises on business acquisitions and represents the excess ol the cost of the acquisition over the charity's inlerest in Ihe net amount of the identifiable assels. liabililies and contingenl liabilities of the acquired business. 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 uselul life of goodwill or Inlangible assets cannot be made. Ihe life is presumed not to exceed five years. Amortisallon Amortisation is calculated so as to write off the cosl of an asset, less its eslimated residual value, over the uselul life of that asset as follows: Goodwill Goodwill has previously been amortised to nil If there Is an indication that there has been a signllicanl change in amortisation rate. useful life or residual value of an intangible asset, the amortisation is revised prospectively to rellecl the new estimates. Tangible #s3918 Tangible assels are Inltially recorded at cost, and subsequently stated at cost less any accurnulaled depreciallon and impairment losses. Any langyole assets Carried al revalued amounts are recorded al the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreclallon Deprecialion is calculated so as lo write off the cost or valualion of an asset, less ils residual value, over the useful economlc Ille of that asset as follows: Fixtures. fittings and equipment 20-33% Straight line Impalrmenl of tlxed assels A revlew for Indlcators ol impairmenl is carried out at each reporting date, with the recoverable amount being estimated where such indicalors exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possSble reversal at each reporting date. For the purposes of impairment tesling. when it is not possible to estimate the recoverable amounl of an Individual assel, an estimate is made of the recoverable amount of the cash-generating unil to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generales cash inflows that largely independent of the cash inflows from other assets or groups of assels. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date. allocated to each of the cash-generaling unils that are expected lo benefit from the synergies ol the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. 14 Richmondshire Leisure Trust Company Limited by Guarantee Notes to the Financial Stalements (conllnued) Year ended 31 March 2025 Stocks Stocks are measured al the lower ol cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase. costs of conversion and olher costs incurred in bringing the siock to its present location and condition. D8llned conlribution plans The pension costs charged In Ihe flnancial statements represenl the Contribution payable by the charity during the year. Llmlted by guarante• The charity is constituled as a company limited by guarantee, and Is therefore governed by a memorandurn and articles of association. Donallons and gr8nls Unrestri¢ied Funds Reslricled Toial Funds Funds 2025 Donations Donations 32 32 Grants North Yorkshire Council granls NYC Grant for RDASC 332.228 332,228 1.000 1,000 332,260 1,000 333,260 Unrestrlcled Funds Restricted Toial Funds Funds 2024 Donatlons Donations Granls North Yorkshire Council grants Broadacres grants NYC Utility Support grants NYC Stronger Communities Born to Move grants NYC FEAST granl Richmond Town Council Born to Move grants NYC loss of income grant 346,491 346,491 250 52,339 1,000 4,375 150 52.141 250 52,339 1,000 4,375 150 52,141 398,632 58.114 456,746 15 Rlchmondshire Leisure Trust Company Limited by Guarantee Notes lo the Financial Statements (contlnued) Year ended 31 March 2025 Chariiable actlvllles Unrestricted Funds Restricted Tolal Funds Funds 2025 Sports facilities Catering Fundraising events 571,606 3,750 696 {1,000) 570.606 3.750 696 576,052 (1,000) 575.052 Unreslricled Funds Reslricted Total Funds Funds 2024 Sports facilities Catering Fundraising events 517,760 3,043 1.471 517,760 3,043 1.471 522,274 522,274 Inveslment In¢om• Unrestricted Tolal Funds Unreslricted Total Funds Funds 2025 Funds 2024 Bank interesi receivable 8,853 8,853 6.371 6,371 Expondiiure on charllable actlvltles by lund typ• Unrestricted Funds Reslricted Total Funds Funds 2025 Sports and Leisure Facilities costs Support costs 684,003 337,746 430 684,433 337,746 1,022,179 1,021.749 430 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 16 Rlchmondshlre Leisure Trust Company Limited by Guarantee Notes lo Ihe Financial Stalemenls (￿n11n￿¢￿} Year ended 31 March 2025 Expenditure on charltable acllvllles by actlvlty type Activities undertaken directly Support Total funds cosls 2025 Total fund 2024 Sports and Leisure Facilitles costs Governance costs 684.433 684,433 337,746 690,350 299,831 990.181 337,746 337,746 684,433 1,022,179 10. Analy818 of support COS18 Sports and Leisure Facililios Tot812025 Total 2024 Staff cosls Premises General off ice Governance costs Travel and subsistence Depreciation Subscriptions Catering and vending Training Ifrecoverable VAT Loss on disposal of fixed assets 324,906 284,456 2.859 337,746 4.460 5,399 516 324.906 284,456 2,859 337,746 4,460 5,399 516 262,479 389,960 2,473 299,831 962 2,435 535 1.233 3,366 26,907 11,301 30,540 19.996 11,301 30,540 19,996 1,022,179 1,022,179 990,181 Analysis of Governance Costs: 2025 2024 Admin gross wages, employers Nl and pension Insurance Independent examlnerlaudll fees Legal and professional cosls Payroll costs Other office costs Printing and promotion Bank charges Fees and licences Special project cosls Settlement costs Interest on loans 260,993 11,847 3,500 5,111 4.820 14.316 3,582 11,037 8,283 233,993 13,469 4.600 2,502 6,410 13,180 4,046 8,554 7,892 4.536 13,000 1,257 337,746 649 299,831 17 Richmondshire Leisure Trust Company Llmited by Guarantee Notes lo the Financial Statements (¢onthiued) Year ended 31 March 2025 11. Other expendlture Unrestricted Toial Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bad debts 71 71 1,698 1,698 12. Nel expendllure Nel expenditure is stated after charging/{crediting)'. 2025 2024 Depre¢ialion of tangible fixed assets 5,399 2,435 13. Audllors remunerallon 2025 2024 Fees payable for the audit of the financial statements 4,600 14. Ind•pend•nl examlnallon fees 2025 2024 Fees payable lo the independent examiner for: Independent examination of the financial statements 3.500 15. Slaff costs The total slaff costs and employee benefits for the reporting period are analysed as follows- 2025 2024 Wages and salaries Social security costs Employer conlribulions to pension plans 527,602 31,173 27,124 445,748 24.654 26,070 585,899 496,472 The average head count of employees during the year was 31 (2024: 32). The average number of full-tlme equlvalent employees during the year is analysed as follows.. 2025 No. 2024 No. Full time Part time Volunteers 12 20 19 32 33 No employee received employee benefits of more than £60,000 durirKJ the year12024: Nill. 18 Richmondshire Leisure Trust Company Llmited by Guarantee Notes to the Financial Statements (c (60,000) 88.387 50.000 50,000 10,000 100,000 10,000 204,867 927,277 (933,7571 198,387 The general funcl is utllised to ensure that the objectives of the charity are attained. The general fund also contained the lixed assel reseNe bul the charity now has no fixed assets. The designated Operational Fund was earmarked lo assist Ihroughout the general operations of the facilities. As the trade has ceased and has been transferred to a new operator, the fund has been transferred back Into the general fund. The Libety rent fund was earmarked to assist with the Liberty Health Club rental obligations. It has been utilisad in full in the year. Re8lrlct¢d funds At Transfers 31 March 25 At 1 Aprll 24 Income Expenditure NYC Stronger Communities Inspire Born lo Move NYC RDASC fund 430 {430) {1.000) {430} 1 .000 430 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 19 Move (4381 (4,3751 (2501 4,375 250 52,339 (52,3391 150 1150) 1,000 1570) {58,122) 430 438 58,114 430 21 Richmondshire Leisure Trust Company Limited by Guarantee Notes to the Financial Stalements feonllnu•d) Year ended 31 March 2025 24. Analys18 ol charltable lund8 (conllnu•dJ The purpose of the NYC RDASC fund was to assist with the cost of some facililies-use discounts given in the year. The purpose of the Sport England Small Grant Fund was to a5slsl wilh the cosls of a Childrens Aquafit and Water Body Combat project. The purpose of the NYCC FEAST fund was to assist wlth a project Ihal aimed to provide healthy food and enriching activities lo children on benefils-related Iree school meals. The purpose of the Broadacres fund was to assist wilh 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 ol the Richmond Town Council Born lo Move lund was 10 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 lo asslst with the Costs of providing Born to Move exercise class8s at the facilities. 25. Analy818 of noi assets be￿a•n funds Unrestricted Funds Restricted Toial Funds Funds 2025 Tangible lixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net a88?ts 184,059 170,327) 164,059 170,3271 93,732 93,732 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Credltors less than 1 year Creditors greater than l year Net assets 5,219 477,31 S {270,813} (13,334) 198.387 5,219 477,745 1270,8131 {13,334} 198,817 430 430 22 Richmondshire Leisure Trust Company Limlted by Guarantee Notes to the Financial Slalemenls (conllnu8dJ Year ended 31 March 2025 26. Transfer of operallons On 28 February 2025, the operation of the leisure facilities, the entire trade of the charity, was Iransferred lo a new operator, North Yorkshire Council. Any fixed assets recognised at that date were disposed ot to the new operalor. as was any physical stock ol goods on sile. Some accruals and deferred income recognised by ihe charity al that date have been moved lo other credilors, as these elements of income and expenditure were lo be assumed by the council from that point in lime. Any remaining costs and liabilities that have been deemed to remain attributable to the charity will be settled after Ihe year end. wilh the view to winding down and closing the charitable company in the nexl financial year, as per the going concern accounting policy note. 27. Flnanclal Inslruments No financial instruments were used by the charilable company that woukl be consldered non-basic in nalure and therefore no additional disclosure has been made. 23