REGISTERED COMPANY NUMBER: 05206698 (England and Wales)
REGISTERED CHARITY NUMBER: 1120820
Report of the Trustees and
Unaudlted Financlal Statem•nts
for the Year Ended 31 March 2024
for
Ashford Leisur8 Trust.
(A company limited by guarantee)
Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT214HE

Ashford Lelsure Trust.
(A company limited by guarantee)
Contents of the Financial Statements
for the Year Ended 31 March 2024
Page
Report of tho Tru$tee8
Indapendent Examlnerfs Report
Statement of Flnanelal Actlvltles
Statamont of Flnanclal P081tlon
Note8 to the Flnanclal Statements
7 to 10

Ashford Leisure Trust.
(A company limited by guarantee)
Report of the Trustees
for the Year Ended 31 March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2024. The trustees have
adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and alms
The charitable company is a grant awarding trust, using the reserves that remained following the transfer of
leisure operations to Wealden Leisure Limited. The objective is:
To promote community participation in healthy recreational activity in the 8orough of Ashford by providing
grants, awards andlor financial assistance to individuals, clubs, organisations andlor sports teams
How our actlvltles dellver public benefit
All our charitable activities focus on the support of recreational and sporting facilities and services for the local
community and are undertaken to further our charitable purpose for the benefit of the public.
Publlc Beneflt Statement
The trustees confirm that they have complied with the duty in Section 17{5) of the Charities Act 2011 to have
due regard to the Charity Commission's general guidance on public benefit.
We have referred to the Charity Commission's general guidance on public benefit when reviewing our aims
and objectives and in planning our future 8Ctivities. In particular, the trustees consider how planned activities
will contribute to the aims and objectives they have set.
ACHIEVEMENT AND PERFORMANCE
Charitable actlvltles
In 2020 the Trust wound up its operational functions following the outcome of a procurement process carried
out with Ashford Borough Council (ABCI, the leaseholder of the facilities. The Trust then moved towards its
new function as a grant-giving entity. The transfer of operational activities to Wealden Leisure Limited, trading
as Freedom Leisure, took place on 1st September 2020.
The Trust contracted with Kent Community Foundation to support its grant-giving function. Two grant-funding
meetings are held each year. In the 2023124 accounting period a further £55,000 was awarded to
organisations that met our criteria for funding. In addition, we have supported 19 talented sportspeople who
reside in the borough of Ashford with a bursary of £500 each. Additional costs for the charity have been to
pay the Kent Community Foundation for their services in co-ordinating the grant giving process, and funding
celebratory event for the Talented Sportsperson programme, which included a talk from an inspirational
sportsperson.
The bulk of the funds held by the Trust remain invested in an expend8ble endowment with CCLA, an
investment company specialising in managing investments for charities. This enables the Trustees to draw
down funds to support grant giving as needed.
Page 1

Ashford Leisure Trust.
(A company limited by guarantee)
Report of the Trustees
for the Year Ended 31 March 2024
FINANCIAL REVIEW
Reserves policy
The Charitable Company has free reserves of £689,551 at 31 March 2024.
When considering the level of free reserves that the Charitable Company should hold, the trustees have now
considered their altered objects and believe that a level of reserves sufficient to facilitate their grant giving
objects is now required and this is significantly below the level of reseNes currently held, following the
transfer of the pension scheme liability to Ashford Borough Council and settlement of existing liabilities.
Having tsken all of this into consideration the trustees believe that reserves of £60,000 would be sufficient to
enable the Charitable Company to operate on a day to day basis with 8 low overhead base. The trustees
monitor the level of reserves and will adjust the required reserves accordingly should any unforeseen
circumstances require it, or if the Charitable Company were to require higher free reserves for specific
actlvities at any time.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
Ashford Leisure Trust. Is a company limited by guarantee and governed by its Memorandum and Articles of
Association dated 16 August 2014. It became a charity registered with the Charity Commission on 12
September 2007.
Recrultment and appolntment of new trustees
Trustees are appointed in accordance with the Memorandum and Artlcles of Association.
Organlsatlonal Structure
The board of trustees, which can have up to ￿e1ve members excluding representative trustees, administers
the charitable company and manages the day to day operations of the charitable company. The Board meets
at least once every months.
Inductlon and tralnlng of new trustees
New trustees undergo an induction to brief them on their legal obligations under charity and company law, the
content of the Memorandum and Articles of Association, the committee and decision making process, the
business plan and recent financial performance of the charitable company, During the induction process they
meet trustees (if they have not met these already). Trustees are encouraged to attend appropriate external
training events where these will facilitate the undertaking of their role.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
05206698 (England and Wales)
Registered Charlty number
1120820
Reglstered office
Unit 1
Shrine Barn
S8ndling Road
Hythe
Kent
CT214HE
Trustees
Mrs L Dodds
Mr C W A Vavasour
Mr M W Bowles
Mr P H Dawson
Page 2

Ashford Leisure Trust.
{A company limited by guarantee)
Report of the Trustees
for the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Solicitors
Winckworth Sherwood
Minerva House
5 Montague Close
LONDON
SE1 9BB
Approved by order of the board of trustees on o r AL(rvS! fr'.L*. and signed on ils behalf by..
stee

Independent Examiner's Report to the Trustees of
Ashford Leisure Trust.
Independent examinerfs report to the trustees of Ashford Leisure Trust. {'the Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 March 2024.
Responslbllitles and basis of report
As the charity's trustees of the Company {and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts as carried out under Section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my
examination I have followed the Directions given by the Charity Commission under Section 145{5) (b) of the
2011 Act.
Independent examlnerfs statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
accountlng records were not kept in respect of the Company a$ required by Section 386 of the 2006
Act., or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair vlew which is not a matter considered as
Part of an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities (applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection wlth the examination to which
attention should be drawn In thls report In order to enable a proper understanding of the accounts to be
reached,
Bryan Mlchael Kemsley
Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT214HE
5 August 2024
Page 4

Ashford Leisure Trust.
(A company limlted by guarantee)
Statement of Flnancial Activities
(Incorporating an Income and Expenditure Account
for the Year Ended 31 March 2024
3113124
Total
funds
3113123
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income
1,440
1,440
746
EXPENDITURE ON
Charitable activlties
Grant making activities
64,129
64,129
54,948
Net gainsl{lossesl on investments
70,828
70,828
(11,221)
NET INCOMEI(EXPENDITURE)
8,139
8,139
{65,423)
RECONCILIATION OF FUNDS
Total funds brought forward
681,412
681,412
746,835
TOTAL FUNDS CARRIED FORWARD
689,551
689,551
681,412
The notes form part of these financial statements
Page 5

Ashford Leisure Trust.
{A company limited by guarantee)
Statement of Financial Position
31 March 2024
3113124
Total
funds
3113123
Total
funds
Unrestricted
funds
Restricted
funds
CURRENT ASSETS
Debtors
Investments
Cash at bank
110
608,J02
81,659
110
608,502
81,659
250
537,674
144,208
690,271
690,271
682,132
CREDITORS
Ainounls falling due within one year
1720)
17201
{7201
NET CURRENT ASSETS
689.551
689,551
681,412
TOTAL ASSETS LESS CURRENT
LIABILITIES
689,551
689.551
681,412
NET ASSETS
689,J51
689.551
681,412
FUNDS
Unreslricled funds
689,551
681,412
TOTAL FUNDS
689,551
681.412
The charitable company is entitled lo exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 31 March 2024,
The menibers have not required the company to obtain an audit of ils financial slalements for the year ended
31 March 2024 in accordance with Sectioii 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(al
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Lompanies Act 2006 and
preparing finaiicial slate5nenls which give a true and fair view of the slate of affairs of the charitable
comp3ny as al the end of each financial year and of its surplus or deficit for eacli financial year in
accordance with the requirements of Sections 394 and 395 and which othpNise coniply ivith the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable 10 the
charitable coinpany.
Ibl
These financial siaienients have been prepared in accordance with the provisions applicable to charitable
cornpanies siibjecl to the small companies reginie.
The financial statements were approved by the Board of Trus(ees and aulhorised for issue on
o r •ttL4L*I r Eg L.t. .... and were signed on its behalf by..
rsLDo
ustee
The notes form part of these financial statements

Ashford Leisure Trust.
(A company limited by guarantee)
Notes to the Financial Statements
for the Year Ended 31 March 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial ststemenls of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102} {effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention,
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expendlture
Liabilities 8re recognised as expendituré as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a
commitment but not accrued as expenditure.
Taxatlon
The charity is exempt from corporation tax on its charitsble activities.
Fund accountlng
Unrestricted funds can be used In accordance with the charitable objectives at the discretion of the
Irustees,
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Presentatlon currency
The Charitable Company's functional currency is British Pound Sterling (GBP), which is also the
presentation currency for the Charilable Company. The financial statements are therefore presented in
British Pound Sterling.
Page 7
continued...

Ashford Lelsure Trust.
(A company limited by guarantee)
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
INVESTMENT INCOME
3113124
3113123
Deposit account interest
1,440
746
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
funds
Totsl
funds
INCOME AND ENDOWMENTS FROM
Investment Income
746
746
EXPENDITURE ON
Charltable actlvltles
Grant making activities
54,948
54,948
Net gainsl{losses) on investments
(11,221)
{11,221)
NET INCOMEI(EXPENDITURE)
<65,423)
(85,423)
RECONCILIATION OF FUNDS
Total funds brought fomard
746,835
746,835
TOTAL FUNDS CARRIED FORWARD
681,412
681,412
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3113124
3113123
Prepayments and accrued income
110
250
Page 8
continued...

Ashford Leisure Trust.
(A Company limited by guarantee)
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
CURRENT ASSET INVESTMENTS
3113124
3113123
Other
608,502
537,674
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3113124
3113123
Accrued expenses
720
720
MOVEMENT IN FUNDS
Net
movement
in funds
At
3113124
At 114123
Unrestrlcted funds
General fund
681,412
8,139
689,551
TOTAL FUNDS
681,412
8,139
689,551
Net movement in funds, included In the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrlcted funds
General fund
1,440
{64,129)
70,828
8,139
TOTAL FUNDS
1,440
(64,129)
70,828
8,139
Comparatlves for movement In fund8
Net
movement
in funds
At
3113123
At 114122
Unrestrlcted funds
General fund
746,835
(65,423>
681,412
TOTAL FUNDS
746,835
{65,423)
681,412
Page 9
continued...

Ashford Lelsure Trust.
IA company limited by guarantee)
Notes to the Flnancial Statements - continued
for the Year Ended 31 March 2024
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestrlcted funds
General fund
746
(54,948)
(11,221)
165,423)
TOTAL FUNDS
746
{54,9481
(11,221)
(65,423)
A current year 12 months and prior year 12 months comblned position is as follows..
Net
movement
In funds
At
3113124
At 114122
Unrestrlcted funds
Gener81 fund
746,835
(57,284)
689,551
TOTAL FUNDS
746,835
(57,284)
689,551
A current year 12 months and prlor year 12 months combined net movement in funds, included in thè
above are as follows..
Incomlng
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestrlcted funds
General fund
2,186
(119,077>
59,607
(57,284)
TOTAL FUNDS
2,186
<119,077)
59,607
(57,284)
RELATED PARTY DISCLOSURES
There were no related paty transactions for the year ended 31 March 2024,
Page 10