Company registration number.. 06848040 Charity regislr8lion number.. 1129019 Belper Leisure Centre Limited IA company limited by guarantee) Annual Rew)rt and Finanaal Statements for the Year Ended 31 March 2025
Belper Leisure Centre Limited Contents (continued) Referen and Administrative Details Trustees Report 2106 Stalement of Trustees, Responsibilities Independanl Auditors, Report 81010 Consolidated Statement of Financial Activities Consolidated Balanc8 Sheel 12 Balance Sheet Notes to the Financial Stslements 141027
Belper Leisure Centre Limited Reference and Administrative Details Tru$t¢•s S Adams S Scales M¢Mr$ Trilogy Active Ltd The Governing Body of Belper School Derbyshire County Council Charitable company Registration Number 1129019 Company Registration Number 06848040 The ch8ri1able company is incorwraled in England and Wales. John O'Gaunls Way Belper Derbyshire DE56 ODA Registered Offic Audltor Hawsons Chartered Accountants Jubilee House 32 Duncan Close Moulton Park Northampton NN3 6WL Bankers Handelsbanken The Arc 6 Mallard Way Pride Park Derby DE24 8GX Page 1
Belper Leisure Centre Limited Trustees. Report for the Year Ended 31 March 2025 The Trustees present their annual report together *Mth the audited finanual statemenis of the charitable company and group for the period from 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees. report and a directors. report under company law. The Trustees confirm that the Annual Report and financial slalements of the charitable company comply with the current stalulory requirements. the requirements of the charitable companys goveming document and the provisions of the Statemenl of Re¢ommended Pra¢b¢e ISORPI appli¢able to Charities preparing their accounts in accordan with the Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191. Since the charitable company and group qualifies a5 small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Comp8nies Act 2006 Istrategic Report and Directors, Rèport) Règulations 2013 has b88n omittèd. Principal Activity The principal activity ol the charitable company and its subsidiary company is the provision of facilities for swimming and other educational, sporb'ng and recreab'onal activities for schools and the Ial community. structuro. Governance and Management Belper Leisure Centre Limited is a company limited by guarantee, inwrw)rated in England, and a registered charity governed by the Memorandum and Articles ol Association dated 12 March 2009. The Company was formed following 8 Charity Commission Review Visit during September 2006. When il was confirmed that a fundamental review of the govemance ol the Charity was required. The Trust subsequently mel with all of the requirements of the Review and commenced operatiS as a tharitsble company limited by guarantee in April 2009. This report includes the actiwbes of the wholly owned subsidiary, Belper Sports Centre Services Limitad. Appolntment of DlroGlor¥ Independent Directors can be appointed by the members al a general meeting. Director Induction and Training With the asslslance of the Charttys leg818dvisers and the Company seeIery, newly appolnled Directors are advised of their responsibilities and duties as Directors ol a Charitable Company registered under the Companies Act 2006. Newly appointed Directors ar8 also given a breakdown of the activiti8s of tha Chanty by th8 Chief Executiv8 Offic8r of the Company. OrganlsatSon The Board of Diredors is made up of independent Directors wh) effedively administer the Charity. The Chief Executive Officer of ihe Charity continues to be responsible for all day-lo-day operations. In order lo facilitate this responsibility, the Chief Executive Officer has delegated authority, wthin approved parameters. for all operational matters including finance, employment and Charity related activilies. The Chief Executive Officer's remuneration is based on a post car.9 similar alkround responsibility for the overall management and development of an organisalion within Ihe private seclor. Other senior posts are based on similar privatelpublic sector positions in conjunction with added responsibilitie5 nduC1Ve to an independent charitable company. During the year the followng organisations pn)vided the Charity with professional assistance.. Legal servi5 were provided by Flint Bishop Solicitors, Knights Solicitors and PKF Smith Cooper Business Advisors and Insolvency Specialists. Personnel servi¢xs were prwded by a Personnel Offir operating with con5ultsncy support from Knights Soli¢itors. The Charity commissioned a stalutory audit during the year thal was undertaken by Hawsons Chartered Accountants. Page 2
Belper Leisure Centre Limited Trustees. Report for the Year Ended 31 March 2025 (continued) R•lat¢d Partl•$ The Charity continued lo operate under a formal Service Level Agreement with Amber Valley Borough Council IAVBCI for the delivery of referral rare for residents of Amber Valley lfigures relab.ng to this aGlivity are wnlained within this rèport}. AVBC continued lo provide a grant for community leisure to the Company, by way of a grant agreement. The Company maintained a 'Contracl for Services, with DerbyEhire County Counol (for the provision of swimming pool time for Area S¢hool Swimming Lessons) and wthed towards a Setvi¢e Level Agreement with Belper School for Physical Educats'on and examinatson provision. In respect of the above arrangements a summary of the finanual transactions with these oroanisats'ons is contsined within the acunts. A Trading Company, Belper Sports Centre Services Limited continued to provide facilities including catering and vending services, on behaK of the Charity. The licensed bar did not operate during the year. The Trading Company was granted a 'Licence lo Occupy. by the Charity and any Profits thal arise are gift aided to the Charity. The activities of both comp8nies have been consolidated in these accounts. Organlsatlon Structuro The Charity is controlled by the Board of Directors. As of the 1st April 2025. Belper Leisure Centre successfully merged with Trilogy Active which compliments the group and aligns the strategic objectives of both organisations. RIBk Management The Charity recognised that risks 8rise from operational. non•operation81. financial and non-financial risks areas and undertook lo mitigate such by way of a comprehensive Risk Management process. In respect of Ihls Ihg Charhy undertook lo ensure that all rlsks as known and untlerslood. in relation to the advlUes of the Charity, were miligaled by appropriale management syElem$. practices and procedures. Reviews continued to bg undertaken annually or as required on an ongoing basis. It Is lo be conSided that the focus on risk has continued lo ensu better foNrfard plannlng and h88 delernined a much greater emphasis on service sland8rds, operabonal policies and procedures. Oblects and Actlvltl¢8 The Charity's Objects continued as being.. To provide, or assist in the prowsion of, facilities for education (including bul not limited lo satisfying the National Curriculum, examinats'on and extra curriculum needs} of Belper Schth)l and local schools {including without limitation primary schools and secondary schools).. and To provide or assist in the provision of facilities in the interests of social welfarè for recreation or other leisure lime education of persons who have need of such facilities by reason of their youth, age, infimity or disablement. povety or social and economic circumstances with the obj&ct of improving thèir conditions ol lifè. The Charity shall ensure that both objects are pursued equal importance. To this end the Charity continued lo: . Provide Physical Education and Swimming faolilies to Belper School and Area Primary Schools. Mainiain a close working relationship wth Belper School (shared campus). Offer a varied range of activities for people of all ages, regardless of background or ability. . Work 8dively with Partner organisations. Provide customers with a wide range ol dub and casual SKK)rtslleisurè faulities and a varièd social programm8 of events. . Assist clubs in the provision of junior activities. . Actively develop facAif(ies for purposes of access and equality. Page 3
Belper Leisure Centre Limited Trustees. Report for the Year Ended 31 March 2025 (continued) Oblo¢tlv•s and A¢tlvltl¢$ l¢ontlnu¢d) . Provide a comprehensive Junior and SenioT Leam lo Sw"m Programme. Provide Guslomers with a varied soGial programme of leisure aclivrtie5. • Lobby customers through a Custrjmer Comments scheme and Usèr Surveys. . Provide a range of sports development on behalf of AVBC. Strategic Report In detemiining the Charity's strategic aims and activitses the Trustees have had gard to the Charity Commission's guidance on public benefit. The Charitls facilities enabled three key areas of activity for the public benefit to be undertaken,. education, community and social, however the Charity's primary purpose continued to provide for two key areas of activity which were educational and community leisure. The third area of ath"vity, social, is in the main 8dministered by the Trading Company on behalf of the Charity. Community leisure was undertaken in ts¥o ways.. By way of a Grant Agreement with AVBC. . By way of both Casual and slrudured adivity programmes. The grant from AVBC contribules iowards leisurelactivity availability aNI a proposal for core ath'vilies in line with other leisure organisations within the Borough. Communlty Leisure - Amb•r Valley Borough Council (Sports Development) During 2024125 the Charity continued to assist Amber Valley Borough Council IAV8CI in meeting community targets for Sports Development. The general requirements of the Sports 08v8lopmenl programmo continued to focus on the following areas, and were received well throughout the year.. Inactive adults and Childn a disability Inactive older people Inactive families identified as obose, or at risk of becoming obese . Those previously engaged in sport but now inaclive but wishing lo're¢um" to Fthysical activity Acce88 and Equallty The Charity continued to opgr8tg in accordance with the acueditstion received from the Quest award (October 20221 and the Royal Life Saving Society IRLSSI. The Stroke club continued lo enjoy the facilib'es, ar Palms Health 8nd Fitness Suite continued lo host regular visits from the Holbrook School lor Autism and the Whilemoor Day Centre, lan accessible Cent with speci81isl equipment for people with profound and multiple leaming disabilrtiesl- Proding ts)th facilities th a highly regarded exgrose and social benefits programme. There continued to be visiis by cuslomers living wilh a registered disability and combined junior and adult attendances to the disability loolball sessions on the 3G FtP. Since the 2003 capital programmg the Cgntrg has bggn able tr) provide faalitigs Ihat added a certain lgvel of valug plus to customers with disabilities, further works were undertaken lo enable a wmler access and equality to the facility. The Charity was IFI Ilnclusive Fitness Initiative) accredited during 2014. Achievements and Performance The 3G pitch and frK)tball at Belper Leisu cent continues to be strong. The agenda of use included a structured pathway of initiatives and programmes which catered for a wide range of the community in lemis ol age groups, genders, and indusivity. Walking Football and other junior actiwties along with Derby County Community Trust Holiday Camps ra1vad gcKKI attendances. The Charity provided a comprehensive range of casual dry side activities induding badminton, squash, 5vS football (excluding 3G FTPI, volleyball, basketball, and table tenni5. Page 4
Belper Leisure Centre Limited Trustees. Report for the Year Ended 31 March 2025 (continued) A¢hl•v¢m•nts and Porfornian¢• (contlnu•dl Addits'onally. the Health and Fitness Surte conlinueil to be used strongty by the community. The provision of this facility onlinued lo ensuie that specific heatth and fftnes5-based community leisure lirne was available. The Charity maintained its objective relating to education provided physical education & examination facilities for Belper School, along with after school activity vists. Furthemiore, there were visits for are8 Schools swimming lessons. Pottery School, which operates outside of the Area Sd)ools programme, also attended the site. The Charitys Learn to Swim programme 'Splash A&em provided a comprehensive leam to swim programme and continues to be well attended. Addits'onally, a on8-tO-onè tèaching facility also accomm¢xlated d)ildren and adutis th sr>8cific needs or Ihose18¢king the confidence to ¢ommen¢e their formal swimming Iraining within a larger group. Beyond the 'Spla5h Academy, programme the Charity provided facilities for the successful 'Belper Marfin, and 'Ripley R8sc41' Swimming Clubs. which accommodated compeb.live swimming training for adults and juniors throughout the year. Allemalively, those cuslomgrs wishing lo lake part in waler-based activity other Ihan swimming alon8 were able lo join in with the 'Viking Venture, Canoè Club or Ihe'10.'20' Triathlon Club on a weekly basis. Casual swmming sessions continue lo be a re part of the business arKI customers attended the popular family lun sessions and pool exercise ¢18sses. The Charity made facilities available to 8 variety of dry-side dubs induding thr89 Martial Arts clubs, enabling adult and junior customers lo practscg Kick Boxing. and Tae Kwon Do. Other clubs ulilising the Charills indoor facilities throughout the ar induded badminton. dodgeball and volleyball. The CharSly conllnued with the pre-schoc4 dub GymkKls with IntrJ¢tOry Gymnastlcs trainlng. Some other community 8Ctivilies were also held, including the indoor car bool. nearfy new sales and blood donors. Children's pool parties continued lo be in demand along wilh the Holi¢Jay Adivity Club dunno the sch¢)ol holidays for children aged 5 to 11. In addition to thg basic provision of community Ieistjrelspo'n9 activib.es the Charity provided a formal structure of exercise for children by way of the'club Fit, activity sessions for children aged 11-15. The Charity eonlinued lo work in partnership with Derbyshire County Counul lo deliver the Live Life Better Exercise by Referral Progr8Tnme. Sessions accornm(yJale a we range of 8divilies for cuslomers living with long lem health issues. The Fitness Studios continued lo host workout clBSSe$. Finan¢ial Review The prin¢ip81 funding sources of the Company a the users of the facilities in general e.g., main hall actlvltles, clubs, fitnass suite m8mb8rships and casual us8, th8 swimming pool and assoaat8d rècreational, club and t8aching activitiès and the exlernal 3G FTP facility. Amber Valley Borough Council pay a granl towards community leisure provision, Belper School pays to use a range of facilities and Derbyshire County Council pays for area school swimming sessions. The combined use of these facilities supports the objectives of the charity as il a5515ts in the education and improved health of th81¢)¢al Community. During the year the Charity was successful in obtaining up to £175k for Phase 11 of the SPSF, which was used on capital works (agreed with Sport Englandl to reduce energy consumpiion. This was successfully completed by 31st March 2025. The funding replaced the w)ol lights more carbon efficient LED'S and a new air handling unil was built and instslled within the pool thanging rooms. Page 5
Belper Leisure Centre Limited Trustees. Report for the Year Ended 31 March 2025 (continued) K•y Ar¢a$ of In¢om• and Exp¢ndltur• The group had income of £1.296,OLX)12024.. £1,333.OWI during the year arHJ the c05t of running the leisure centre was £1,361,00012024. £1,475,000). though expenditure exceeded budget, this was more than mitigated by the increase in grants and income to generate the improvement works within the Cenlre. Belper Sports Centre Services Limited The Irading subsidiary of the Charity continued lo support the charitable objectives of the group by providing a social environment within the centre. Transfer of trade and assets On 31 March 2025 Belper Leisure Centre Limited and its Irading subsidiary transferred its entire business to Trilogy Active Ltd. The group companies are under the control of Trilogy Active Ltd. Stat•m•nt as to Dlsclo$ur• of Infom)atlon to Audrtors . The Iruslaes of thè company who held office 81 the date of approval of this annual report confim Ihal.. So far as they are aware, there is no relevant aL11t infomiaiion. inlomiation needed by the mpanY'S auditors in nnedion with pr¢paring their r¢t. of whith the companl$ auditors are unaware. and They have taken all the steps that they ought to have taken as trustees in order lo make themselves aware of any relevant audll informallon and lo eslablish that the company's audito ar8 aware of that inlomialion. Audltor During the year, Hawsons Chartered Accounlanls were appointed as auditors. A resolution to reappoint Hawsons Chartered Accountants as independent audilor will be woposed at the next Annual General Meeting. The strategic report was approved by the Iruslees of the charilable tsjmpany on 25 November 2025 and signed on ils behalf by.. S Adams Chairman and trust88 Page 6
Belper Leisure Centre Limited Statement of Trustees. Responsibilities The trustees (who are also the directors of Belper Leisure cent Limited for the purposes of company lawl are responsible for preparing the financial statements in accordance wth applicable law and Unf(ed Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi1. including FRS 102 'The Financial Reporting Standard 8ppliGable in the UK and Republic of I13d. The report and acwunts have been prepared in accordance with thè provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare finanaal statements for each financial year. Under company law the trustees must nol approve the finanaal statements unless they are satisfied that they give a true and fair view of the state of affairs of the parent charitable company and the group and of the incoming resources and application of resources, including its income and exp8ndilure, of the charitable group for that Per. In preparing these financial statements, the trusteès are required to.. sele¢t suitsble accounting wlicies and apply them consistsnuy. observe the methods and principles in th8 Charibgs SORP. m8kts judgemtrnls 8nd eslimaltrs that are reasonable and prudent", stste whether applicable accounting standar(Is, comprising FRS 102 have been followed, subject lo any material departures disdosed and explained in the finanual slalemenls., and prepare thg finan¢ial statements on the goiNJ concem basis unless it is inappropriate lo presume that the parent charitable company will continue in business. The trustees are responsible for keeping proper accounting records thal can disclose with reasonabl8 accuracy at any time the financial position of the parent charitable company and the group and enable them to ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets ol the parent Charitable company and the group and hence lor taking reasonable steps lor the prevention and detection of fraud and othèr irregularities. The Irusl88s are responsible lor the mainlenance and inlegrity of the corporate and financial infomiation included on the charitable companys website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Page 7
Belper Leisure Centre Limited Independent Auditor's Report to the Members of Belper Leisure Centre Limited Opinion We have audf(ed the finanual statements of Belper Leisure Centre Limited Ilhe 'charitable parent COTnpanYI and its subsidiaries Ilhe 'group'l for the year ended 31 hAarch 2025. which comprise the Consolidated Statement of Financial Activities. Consolidated Balance Sheet, Balance Sheet and Notes to the Finanoal Ststements, including 8 summary of significant accounting policies. The financial reporting framework thal has been applied in their preparation is United Kingdom AccoLJnting Standards, comprising Charib'es SORP - FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and applicable law {Uniled Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the group's and parent charitable companys affairs as at 31 March 2025 and of ils incoming resources and application of resource5. including its income and expenditure. for the year then ended., have been properly prepared in accordance wilh Unrted Kingdom Generally Accepted Accounb"ng Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our 8udi( in a¢cord8nce with Intemat¥)nèl Stsndards on Auditirwj (UK} IISAS (UKII and 8pplicable 18W. Our responsibilities under those standards are further described in the Auditor's r&sponsibiliti&s for th& audit ol the finan¢ial statements section of our report. We are independent of the Charitable company in a¢¢ord3nce with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is suffieienl and appropriate lo provi¢Je a basis for our opinion. Empha$ls ofmatter Wa draw allenlion lo Note 21 to the financial slalemenls which explains that the tr8de and assets of the company and group were transferred lo its ultimate parenl undertsking on 31 March 2025. Concluslons relatlng to golng concern The fin8n¢i81 stslemenls have not been ppared on the wing concem basls. Our responsibilities and the responsibilities of the trustees with respect lo going cg)ncem are described in the relevant sgctions of this report. Oth•r Informatlon The other information comprises the infom)alion included in the irustees. annual report, other than the financial statements and our auditor's report thereon. The iruslees are responsible lor ihe olher information contained within the annual report. Our opinion on the financial siatemenls does not cover the other infomiation and, except to the exlenl otherwise explicitly staled in our report, we do not express any form ol assurance conclusion Ihereon. 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 course of the audit or otherwise apwars to be rnaterially misstaled. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material mi5slatement in the financial stslements themselves. 11, based on the work we have perforyned, we conclv¢Je that there is 8 material misstalemenl of this other information, we are required lo rèport that fact. We have nothing lo report in this regard. Page 8
Belper Leisure Centre Limited Independent Auditorfs Report to the Members of Belper Leisure Centre Limited (continued) Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees Report and for the financial year for which the financial statements are prepared is consistent with the financial statements- and the Trustees Report and have been prepareil in accdanCe wth appIlble legal requireTnenls. Matt•rs on whlch wè ar• r•qulr•d to rèport by èxcèptlon In the light of our knowledge and understsn¢Jing of the group and the parent ¢h8ritable company and Its envlronment obtained in the coursa of thè audit, we havè not identifièd material misstatèments in thè Trustèè's Rèport. We have nothing to report in respect of thè lollowing mattets where the Companies Act 2006 requires us to report to you il, in our opinion.. the information given in the trustees, report is inconsistent in any material respect with the financial siatements-, or sufficient accounting records have not been kept., or the financial statements are not in agreement vnth the accounting records., or we have not feceived all the information and explanati$ we require for our audit. R•spon$lbllltlo$ of tw$t*e$ As explained more lully in the Statement of Trustees. Responsibilities set out on page 7, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view. and for such intemal control as the trustees determine is necessary lo enable the preparation ol financial statements that are I0 from mat8ri81 misstalemenl, whether due to fraud or error. In preparing Ihg financial s¢81emenls, the Iruslees are responsible for assessing the ch8ritable company's abllily lo continue as a going concern, disclosing. as applicable. matters related to going concem and using the going concern basis of accounting unless the trusiees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative bul to do so. Audltor re$pon$lbllltle8 lor the audlt of the flnan¢lal stat¢mtnts We have been appointed auditor under the Companies Acl 2006 and report in aceordanee wth this Act. Our obj9Ctives are to obtain reasonable asstjrance about whether the financial stat9m8nts as a whole arg freg from material misstatement, whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guaranlee that an audit conducted in accordance with ISAS IUKI will always delect a material mi5Stalemenl when il exists. Misslalements can arise from fraud or error and are considered material if. individually or in Ihe aggregate. they could asOnablY expected to influence tho èconomie decisions of users taken on the basis of these finan¢ial stslemenls. Irregularities, induding fraud, are instances of non-compliance wth laws and regulations. We design procedures in line with our responsibilities, outlined above, to delecl material misslalements in respect of irregularitie5, including fraud. The exlenl lo which our procedures are capable of delecling irregularities, including fraud is detsiled below.. The ¢haritsble MpanY is subject lo laws and regulations that direclly an¢J indiredy affect the finan¢ial slalemenls. Based on our understanding ol the charitable company an(1 the environment il operaltrs within, we detemined that the laws and regulations which were most significant included FRS 102, Companies Act 2006, Health and Safety regulations, the Charity SORP and the Charities Act 2011. We considered the extent to which non-compliance with these laws and regulations mighl have a material effect on Ihe finanaal statements, induding how fraud might occur. We evaluated managernent's incentives and opportunibes for Iraudulent manipulation of the financial statements (including the risk of override of Controls), and detemined that the pnncipal risks were related to the posting of inappropriate journal entries to improve thg companls result for the Peri. and management bias in koy a¢¢ounting estimatgs. In addition to this, we have also identified the fdlowing principal risk areas.. Income recognition - there are components to this risk, being income completeness and income cut-off., Trade and asset transfer- there is a risk that the transfer of irade and assels to Ihe parent charitable company at the balance sheet dale has not been accounted for in accordance wth the applicable financial reporting framework., Defined benefit pension asset valuation there 15 a risk of the valuation of the pension asset being misslaled as amounts disclosed are based on management's accounting ests"m8te. Page 9
Belper Leisure Centre Limited Independent Auditorfs Report to the Members of Belper Leisure Centre Limited (continued) Audit procedures performed by the engagemenl team induded.. Discussions with management and those responsible for legal compliance procedures wthin the charitable company to obtain an understanding of the legal and regulatory framework applicable to the charitable company and how the Charitable ¢ompany complies with that framework. indLKling Conserat> of known or suspected instanctrs of non-¢omplian¢e with laws and regulations and fraud." Rewewing minutes of Trustee meetings., Identifying and assessing the design effectiveness of contrds thal management has in placè to prevent and detect fraud and non-compliance with laws and regulations- Challenging assumptions and judgements made by management in their significant accounting ests'mates, in particular with regards to the defined benefit pension scheme assel: Identifying and testing journal entries, in partiojlar any journal entries posted wth unusual account combinations.. Performing cut-off procedures on income around the balance sheet date in order to gain assurance that income has been recorded in the accounting period in which il relates.. Verifying that the trade and asset transfer has been executed as stspulaled within the trade and asset transfer 8gr8emenl as well as reviewing the derecognilion accounting entries.. Reviewing management's assessment of the defined benefit pension asset and assessing il for reasonableness. There are inherent limitstions in the audit proce(lU$ describe(l aLN)ve and the more removed non-compli8nce with laws and regulations is from Ihg events and transactions refleded in the financial stslements, the less likely we are lo become aware ol it. Also, the risk ol not detectsng a malerial misslatement due to fraud is higher than the risk ol not detecting one resulting from error, as fraud may involve deliberate concealment by. for example, forgery or intentional misrepresentations. or through collusion. A further description of our responsibilities is available on Ihe Financial Reporting Council's website al.. www.Irc.org.uklaudilorsresponsibilities. This des¢ripbon forms part of our auditor's report. Use of our r•port This report is made soltsly lo the eharitable parent company's trustees, as 8 body, in accordance with Chapter 3 of Part 16 of Ihg Companies Act 2006. Our audit work has been undertaken so that we might state to the group's trustees those matters we are required to stale 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 oiher than the charitable parent company and its trustees as a body, for our audit work, for this report, or lor the opinions we have lormed. Will Amos (Senior Statutory Auditor) For and on behalf of Hawsons Chartered Accountants. Statulory Auditor Jubilee House 32 Duncan Close Moulton Park Northampton NN3 6WL 01/1212025 Dale.. Page 10
Belper Leisure Centre Limited Consolidated Statement of Financial Activities for the Year Ended 31 March 2025 Unrnstrlct funds R¢$trlct•d funds £000 Total 2025 £000 Total 2024 £000 Nole Incoming resourc8s Charitable activities Other trading activities 1.277 19 1,277 19 1,305 28 Total Incoming resources Resource5 expended Raising funds Charitable activities 1.296 1.296 1.333 {19) 11,3221 119 1,342 1281 1.447 120 Total expenditure 1,341 20 1,361 1,475 Net outgoing resources (45) 1201 165) 11421 Other r•¢ognl$od galns and losses Deficit generated upon Iransler ol trade arwj assets 4.772 4.856 Nel movement in funds 14.817) 11041 14,9211 11421 Reconclliatlon of funds Total funds brought forward Total funds carried forward 4.817 104 4.921 5,063 17 4,921 l of the group's activities derive from continuing opgratsons during the at¥)ve tsyo periods. The funds breakdown for 2024 is shown in note 17. The notes on pages 14 to 27 form an integral part of these financial statements. Page11
Belper Leisure Centre Limited (Registration number: 06848040) Consolidated Balance Sheet as at 31 March 2025 31 March 2025 Group £000 31 March 2024 Group £000 Nots Fixed assets Tangible assets 10 5,076 Current assets Sto¢ks Debtors Cash at bank and in hand 12 13 65 139 13 13 209 Credbtors.. Amounts falllng due wlthln one year 14 13 495 Net current liabllltSes 286 Total assots loss curront Ilabllltl 4,790 D•fln•d B•n•flt P•n$lon S¢h•m• Asset 131 N•t ass•t$ 4,921 Charbty funds: Restricted Incom• funds Restricted funds 104 Unr88trlet8d Incom• funds Unreslricled funds Revaluallon reserve 992 3,694 Unrestricted income funds excluding pension assevliability 4,686 Pension reserve 131 Total unrestrici8d funds 4,817 Total charlty funds 17 4,921 The financial ststemenis on pages 11 to 27 were approved by thfr trustees, and authorised lor i$$u8 on 25 Novemb8r 2025 and signed on their behalf by.. S Adams Chairman and trustee The notes on pages 14 to 27 form an integral part of these financial statements. Page 12
Belper Leisure Centre Limited (Registration number: 06848040) Balance Sheet as at 31 March 2025 2025 £000 2024 £000 Note Fixèd assèts Tangible assets 10 5,076 Curr&nt assots Stocks Debtors Cash al bank and in hand 12 13 66 135 13 13 202 Crgdltor$'. Amounts falllng duo wlthln one yoar Net current Ilabllltles 14 13 488 12861 Total assets less current Ilabllltles 4,790 Defined 8enefit Pension Scheme Asset 131 Not asséts 4,921 Funds of tho ¢harltsblo ¢ompany'. R•strl¢t•d Incom• funds Restricted funds 104 Unr¢strlctod Incom• funds Unrestricted funds R8valualion r8s8rvg 992 3,694 Unreslricted income funds exduding pension assevliability Penslon reserve 4,686 131 Total unrestricted lunds 4,817 Total funds 17 4,921 These financial statements have been prepared in accordance with the spaaal provisions r8lating to compani8s subject to the small companies regime ythin Part 15 of Ihe Companies Act 2006. The financial statements on pages 11 to 27 were approvgd by the trustsos, and authorisod for issue on 25 Novgmbgr 2025 and signed on their behalf by.. S Adams Chairman and trustee The notes on pages 14 to 27 form an integral part of these financial statements. Page 13
Belper Leisure Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 1 Accounting policies The following accounting policies have been used consistenuy in dealing wtth tierns which are considered material lo the Charitablè company's affairs. statutory information Belper Leisu Centre Limited is a private Company limited by guarantee and registered in England and Wales The address of ils registered office is.. John O'Gaunls Way, Belper, Derb8hi, DE% ODA. Summary of significant accounting policies and key accounting estimates The principal accounting poliaes applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented. unless otheiSe stated. Stat¥mont of ¢ompllan¢• The financial slalements have been prepared in accordar wth Accounb"ng and Reporting by Charities.. Slalemenl of Recommended Pra¢li¢e lapplicable lo tharilies preparing their accounts in accordance with th8 Financial Reporting Standard applicable in the UK and Republic ol Irelan(I IFRS 10211 lissue(l in October 20191 (Charities SORP IFRS 10211, the Financial Repo.n9 Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Ba$1$ of preparatlon Belper Leisure Centre Lirnited meets the definition of a public benefit entity under FRS 102. Assets and liabilitie5 are initially regnised 81 historical cost or Ir8nsaclion value unless otherwise st8led in the rèlevant accounting policy notès. Ba$1$ ol ¢¢nsolldatlon The consolidated finaneial st81emenls consolidate the financial stslements ol the charitsble company and its subsidiary undertakings drawn up lo 31 March 2025. No statement of financial acb'vities is presented for Ihe charity as pern)itted by sedion 408 of the Companies Act 2006. The charitable company made a deficAI lor the financjal year of £4.92l.oC 12024 deficit 01 £142,000). The deficit generated in the eurrenl year is partly as a result of a loss on disposal of £4.725,000 generated from the trade and asset Iransler to the ullim8le parent undertaking al the balance sheet dale. A subsidiary is an entty controlled by the charitable company. Control is achieved where the charity has the Power lo govern the financial and operating Policies ol an entity so as lo obtain benefits from its activities. The results of subsidiaries acquired or (Jisposed of during the year are included in the statement of flnanaal aclivllles from the effective dale of acquisition or up lo the effedive date ol disposal, as appropriate. Where necessary, adjustments are made to Ihe financial siatemenis ol subSlaneS to bring theii accounting policies into line with Ihose used by the group. The purchase method of accounting is used lo account for business combinats"on8 that sU11 in the aequisilion of subsidiaries by the group. The cost of a business combin81ion is measure(l as the fair value of the 8ssels given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus ¢osts directly attributsble to the business combination. Idenlif1able assels acquired and liabilities and contingent liabilities assumed in a business combination are measured initially al their lair values at the acquisition date. Any excess ol the cost of the business combination over the acquirer's interest in the nel lair value of the idenltfiable a5se15. liabilities and conlingenl liabilities rocognised is recorded 8s goothll. Inter-company transaciions, balances and unrealised gains on transaciions ben the charitable company and its subsidiaries, which are related parties, are eliminated in tull. Inlra-group 105ses are also eliminate(I but wnay indicate an iwnpairmenl that requires recognition in the consolidated financial statéments. Page 14
Belper Leisure Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 {continued} 1 Accounting policies (continued) Accounting poliaes ol subsidiaries have been changed where eSary lo ensure consistency with the policies adopted by the group. Non-controlling interests in the net assels of consolidated subsidiaries are idenlified separately from the group's equily therein. Non-controlling inlerests consist of the amounl of Ihose interests at the date ol the original business combination and the non-contrdling shareholderfs share of changes in equity since the date of the combination. Total comprehensive income is attributed to non-U)ntrolling interests even rf this results in the non-conlrolling interests having a deficrt balance. Exemption from prgparing a cash flow statement The company is exempt from preparing a cash flow stslement Section 7 of Financial RepO.g Standard 102, as il 18 ncluded in the consolld81ion of a group Whe the parent company pr0dL$ publicly available financlal slalemenls. Golng Concorn On 31 March 2025 the group transferred lis enllre trade an(1 assets lo Trflogy Adve Ltd. The group companles are under the ¢ontrol of Trilogy Active Ltd. These accounis have been prepared on the basis that the group is no longer a going concern and, where appropriate. adjustments have been made to the fair value of the balances as disclosed in note 1 of these accounts. In¢om¢ r$¢ognltlon Incorne receivable under user agreements is recognised when il is due. Fees and charges for the use of the leisure centre are recognised nel of VAT on the earfier of the dale an invoice is issued or payment is received. Membership fees received for the use of the fitness suile are recognised over the period for which the membership relal8s. All sums received for the provision of sporting and leisure facilities are Ireated as charitable income. Amounts received by the charitys trading subsidiary are treated as other irading income. Donated seryl¢es and l•¢lllths Where services or laeililies are Provided lo the charitable company as a donats'on that would nomally be purchased from ts suppliers. this benefil is included in the financi81 stslemenls al its fair value unless its fair value cannot be liablY mgasured, then al Ihe cost lo the donor or Ihg resale value ol goods Ihal are lo be sold. Exp8ndlture The resources expended by the Chariiabla Company have b88n anatys8d basad upon the natura of the activitie$ undertaken. Ralslng fvnds The expenditure on raising lunds are staff costs, goods for Sale and premises related expenditure incurred by the trading subsidiary. Charltable actlvltl8s Charitable expenditu comprises those costs incurred by the thantable company in the delivery of its aclivib'es and services for its beneficiaries. It includes both costs that can bg allocated directly to such activities and those costs of an indirect nature necessary to support them. Other expenditure l other expenditure by the Company is in respect of chantable aclivities as they relate to the provision of sporting and leisure facilib'es. Pension costs represent the ¢urrenl service Cost as deterni1d by the scheme artuary in accordance with FRS102. Irrecoverable VAT on revenue expenditure is Irealed as an expense in Ihe period lo which il relates. Irrecoverable VAT on capital expendf(ure is capitalised. Support ¢o$ts Support costs include central functions and have been allocated lo activtty cost categories on a basis consislenl with the use of resources, lor example, allotIng property costs by floor aa$, or per Capits, stsff wsts by the time spent and other costs by their usage. Page 15
Belper Leisure Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 {continued} 1 Accounting policies (continued) Governmènt grants I government grants received re181e to revenue 8nd are recognised income in the period In whi¢h it becomes receivable. Taxation The charitable company is considered to pass the lesis sel oul in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charitable company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or secb.on 256 of the Taxation of Chargeable Gain5 Aet 1992, to the xlenl that such income or gains are applied exdusively to d)aritsble purposes. Tangible flxed assets The freehold propety shown in the balance sheet was valued at 31 March 2011 in accordance with the Statements of Asset Valuation Practice and Guidance Notes published by the Royal Institution ol Chartered Surveyors. On the transition lo the FRS102 accounting standard at 1 April 2014. the directors decided to treat the valuation as "deemed cosv. ol the buildings lor future accounting purw)ses, as permitted by FRS102. This deemed cost ol the leisure centre building is being deprecialgd on a straighl line basis over the eslimaled life of the building. Impaimienl reviews are corried out on an annual basis. Plant and equipment is stated at cost less accumulated depreciation. Capital expenditure over £10,000 is capit81ised. Amounts below this are treated as revenue expenditure. Depre¢latlon Depreciation is provided on tangible fixed assets so as lo write off the cost or valuation, less any eslimaled resldual value, over Ihoir expected useful economic life as follows.. Asset class Freehold land Freehold buildings Pitch complex Plant and equipment Stock Stock is valued al the lower of cost and estimated selling price less costs lo complete and sell, after due regard for obsolgte and slow moving stocks. Cosl is d*tgm)ined using tho first-in. first-QUt IFIFOI. Dopreclatlon mothod and rato No depreciation is Charged 2% straight line 10% straight line 10- 20 /0 straight line Cash and cash oqulvalonts Cash and cash equivalents comprise cash on hand and call deposits. and other short-ierm highly liquid investments that are readily convertible lo a known amounl of cash and are subject to an insignrficant risk ol change in value. Borrowings Inleresl-bearing borrowings are initially recorded at fair value. nel of transaction costs. Interesl-bearing borrowings are subsequently carried al amortised cost. wth the difference belween the procee(15, nel of transaction costs. and the amount due on redemption being cOgnised as 8 charge to the Statement of Finana81 Activities over the period of the relevant borrowing. Interest expense is recogni5ed on the basis of the effective interest method and is induded in interest payable and similar charges. Borrowings are classified as Crn1 liabilities unless the charilable company has an unconditional right to defer settlement of the liability for at least e1ve months after Ihe reporting date. Provision5 Provisions are recognised when the charitable company has a present obligation at the reporting date as a result of a past event, it is probable that the charitable company wll be required lo settle that obligation and a reliable estimate can be made of the amount of the obligab"on. Page 16
Belper Leisure Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 {continued} 1 Accounting policies (continued) Fund structur• Unrestiided income funds are general funds thal are 8vailaNe for use al the trustees discretion in furtherance of the objectives of the group. Restricted income ftjnds are those donated use in a parbcular area or for specific purposes, the use of which is restricted to that area or purpose. Superannuation Staff previously employed by AVBC. who were transferred to the Trust upon rts fomiation and then to the Company under the Transfer of Undertakings IProlecb"on of EMplolentI Regulations 1981. retained their existing pension rights and service under DerbyEhir8 County Council IDCCI Pension Fund. The Company makes contributions in respect of the staff that are contracted out of the SERPS scheme arKI into the DCC funde(I scheme. Financial instruments The group only has financial assets and financial liabilities of a kind that qualify as basis financial instruments. Basic financial instruments are initially recognised at iransaction value and subsequently measured at their settlement value. Crltlcal a¢¢ountlng ostlmatos and aroas of ludg•m•nt Eslimales and judgements arè conlinualty evaluated and are based on historical experience 8nd other factors, Including expectslions of lulure events that are believed to be reasonable under the circumstances. Critical accounting estsmales and assumptions.. The Group makes estimates and assumptions conceming the future. The results'n9 accounting estimates and assumptions will, by definition. seldom equal the related actual Ul1$. The eslimales and assumptions th81 hava a significant risk of causing a material adjuslmenl lo the Carn9 amounts of the assets and liabilities within the next financial ygar are dis¢us$8d b8low'. The present value of the defined benefit pension scheme depends on 8 number of factors that are determined on an actuarial basis using a variety ol assumptions. The assumptions used in delermining the nel cost or income for pensions nclude the discount rate. Any changes in these assumptions wll impact the Carng amount of the pension asset or 2 D¢fi¢lt g¢n¢rat¢d upon tran$f•r of trad• and a$$•ts On 31 March 2025 the company transferred its enlire business to Trilogy Active Ltd. Trilogy Active Ltd assumed control of the company on 1 August 2023. The transfer has generated a deficil upon disposal of trade and assets of £4,856,000. 3 IncomSng resources from charitable activitles Unrestricted fund £000 225 496 185 179 188 Restricted fund £000 Total 2025 £000 225 496 185 179 188 Total 2024 £000 227 450 190 202 184 52 Swimming pool Health & Fitness Suite Other indoor and outdoor faulities Non-specific income from AVBC Non-specific income from memb5 Government grants 1.277 1.277 1.305 Page 17
Belper Leisure Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 {continued} 3 Incoming resources from charitable activities Icontinuedl The income rèceivable from the members is towards activities in fiJrtheran¢e of the objects of the Charity. As at 31 hAarch 2025, user agreements were in place between the Charitable Company and Belper School, the Charitable Company and Derbyshire County Council and the Company and Amber Valley Borough Council. The level of usage and liming of payThents is covered in the agreements. The level of members, support was as follows: 2025 2024 £000 £000 Belper School Derbyshire County Council 168 165 20 19 4 Income from other tradlng a¢tJ¥ltl•s Unr•strl¢t•d fund £000 R•strl¢t•d fund £000 Total 2025 £000 TotAI 2024 £000 Bar and cafe income ol trading subsidiary 19 19 28 19 19 28 5 ExpondSture on ralslng funds Unr•strlct•d fund £000 12 R•strlct•d fund £000 Total 2025 £000 12 Total 2024 £000 15 Bar and cafe cost of s818S Bar and cafe staffing costs Bar and cafe other costs 19 19 28 6 Expendfture on ¢harltable a¢tlv6tle$ Dlr¢¢t Charltablè Expendlturn R•strlet•d fund £000 Support costs £000 2025 £000 554 410 181 127 16 54 Staffing Costs Premise5 Related Costs Other Running Expense5 DepreGialion - Owned Assets Interest Payable Governance Costs 410 181 127 16 1,288 54 1,342 Page 18
Belper Leisure Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 {continued} 6 Expenditure on charitable activities (continued) Dlro¢t charitablè oxpendituro Rèstrictèd fund £000 Support costs £000 2024 £000 564 404 185 127 23 144 Staffing Costs Premises Related Costs Other Running Expenses Dopreci81ion - Owned Assets Interest Payable Governance Costs 404 185 127 144 1,303 144 1,447 7 Not In¢omlngloutgolng rèsour¢o$ Net outgoing r¢sourc¢s for the year include= 2025 £000 127 18 2024 £000 127 12 Depreciation of fixed assets Audit fees 8 Tru$t¢¢g rèmunoratlon and expen¥ No Iru$tee$, nor any persons conneded with them. have receiveil any remneratn from the group during the year. 9 Staff costs The aggregate pa1 ClS were as follo.. 2025 2024 Salaries 516,000 28,000 16,000 16.0001 554,000 532,000 25,000 15,000 18,0001 564,000 Employgr's National Insurance Conlribulions Employgr's Pension ContribLJtions Other costs The monthly 8ver8ge number of persons lineluding senior m8nagernenll employed by the group during the year expressed as full time equivalents was as follows= 2025 No 59 2024 No 61 Other The total employee benefits of the key management personnel of the tharilable company were £106,400 12024 £101,260). The were no employees who ceiVed total employee benefits in ex¢ess of £60.00012024". £Nill. Page 19
Belper Leisure Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 {continued} 10 Tangible fixed assets Group and charltablè ¢ompany Leisure Centre Complèx £000 Artificial Grass Pitch Complèx £000 Freehold land £000 Plant and Equipmènt £000 Totsl £000 Cost At 1 April 2024 Disposals upon transfer of trade and assets 4,875 442 6.851 1.350 (184 4.875 442 6.851 At 31 March 2025 Depreclatlon At 1 April 2024 Charge for the year Eliminated on disposals upon transfer of trade and assets 128 1,467 98 180 20 1.775 127 137 1.565 200 1,902 At 31 March 2025 N•t book valu• Al 31 March 2025 Al 31 March 2024 1,350 3,408 262 5.076 A revaluation of the entire premises was undertaken during the year ended 31 March 2011. The valuation was undertaken by Chartex Limited, independent extemal valuers, in accordance wilh the Royal Inslilulion of Chartered Surveyors Appraisal and Valuation Manual and Financial Reporting Standard 15 IIFRS 151. The centre is considered lo be a 'specialised properf, thefore the v81ualion was Carried out on a'depreciated placement cost. basis. In 2016 tho company deuded to treat the 2011 valuation as the 'deemed cost. of the Leisure Centre ¢omplex for that year and lulure years. This is permilted by Financial Reporting Standard 102 in the year that the company first adopis the standard. The freehold land and Leisure Centre complex would be shown al £nil in the accounts if shown at original Cost. Thls18 because these assets We given to the company by the predecessor Irusl. The centre also holds other items of equipmenl that b61ong to other groups or bodies linduding Belper School) for th8ir own use, which are no( included in this valuaknon, and are also excluded from the Companys accounts. The freehold land and leisure centre complex shown above wth a carrying amount of £Nil 12024.. £4,758,000) were pledged as security for Ihe108ns from Handelsbanken Bank. The loan was paid in lull during the curn1 year. 11 Sto¢k Group 2025 £000 Charlty 2025 £000 2024 £000 2024 £000 Stocks Page 20
Belper Leisure Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 {continued} 12 Debtors Group 2025 £000 Charlty 2025 £000 2024 £000 2024 £000 Trade debtors Accrued income Other debtors 43 17 43 16 65 66 13 Cash and cash 8qulval•nts Group 2025 £000 13 Charity 2025 £000 13 2024 £000 139 2024 £000 135 Cash 81 bank 14 Cr•dltor$'. amounts falllng due wlthSn on• year Group 2025 Éooo Charlty 2025 £000 2024 £000 153 2024 £000 153 68 70 191 Bank loans Due lo Belper School Trade Creditors Accruals Other taxation and social $8curity Other creditors 70 198 13 13 13 495 13 488 15 P8nslon and other 8ch•m•s Deflned beneflt pgnslon $¢home$ Staff previously employed by Amber Valley Borough Council IAVBCI. who were transferred lo the Trust upon ils formation and now lo the Company under the Transfer of Undertakings IProleclion of Employmenll Regulations 1981, retsined their existing pension rights and seNice under the Dertjyshire County Council IDCCI administered pension fund. The Company mak8$ contributs'on$ in ra$pg¢1 of th8 staff contract8d out of th8 SERPS sch8m8 and into thè DCC funded scheme. The assets of the scheme are held seperalely from those of the Company in the separately administered scheme for DCC. Thg last actuarial valualion of the fund was at 31 March 2025. Reconciliation of scheme assets and liabilities to assets and liabilities recognised The amounts recognised in the siatemenl of financial posilN)n are as follows-. 2025 £000 3,758 2,256 2024 £000 3,700 2,607 Fair value of scheme assets Present value of defined benefit obligation Defined benefit pension scheme surplus 1.502 1,093 Page 21
Belper Leisure Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 {continued} 1 S Pension and other schemes (continued) Falr value ofschemo assets Changes in the fair value of scheme assets are as folk)ws: 2025 £000 3,700 177 1391 Fair value at start of year Interest income on plan assets Retum on plan assets, excluding amounts induded in interest incomellexpensel Employer contributions Conlributs'ons by scheme participants Benefits paid 100 Fair value at end of year 3,758 The total relum on the fund in market value lerms for the year ended 31 March 2025 was 3.8Vo12024'. 9.3Vol- The pension scheme has not invested in any of Ihe grp.S own finawal instruments or In properties or other assets used by the group. D•fln•d b•n•flt obllgatlon Changes in the defined benefit obligation are as follows.. 2025 £000 12,6071 1331 11251 24 100 191 Present value al start of year Currgnt servicg cost Int8r8St cost Other experience gains Benefits paid Conlributs'ons by scheme participants Changes in demographic assumptions Changes in financAal assumptions 389 Present value at end of year 2,256 Prin¢ipal a¢tuarial •$sumptions The principal actuarial assumptions 81 the st8temenl of financial posib.on dalo a as f(Alows.' 2025 2024 Discount rale Future Salary in¢re8ses Future pension in¢reases 5.80 3.75 2.75 4.85 3.75 2.75 The defined benefit scherne was in an overall net surplus position as at 31 March 2025. In accordance with FRS102, the asset recorded in the ch8ri18ble companys Balance Sheet has capped 8t the asset ceiling. whi¢h has been determined by refergn¢e lo future economic nefits esbmated lo be available lo the Charitsblg company. Page 22
Belper Leisure Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 {continued} 16 ReseNes Group Unrestricted revaluation r•sè £000 3,694 13,6941 Restricted income ro$èTh0 £000 104 11041 Pension r¢sèTh• £000 Total £000 3,929 3,929 At 1 April 2024 Other reserve movements 11311 At 31 March 2025 Group Unrostrl¢ted r¢valuatlon r•ser¥e £000 3.792 Restrlct•d Incom¢ rèserve £000 124 Pènslon rnserve £000 Total £000 4,760 713 Al 1 April 2023 Prior year adjuslmenl 713 Al 1 April 2023 restated Transfer Operating deficit lor the year 3.792 1981 124 4,047 1981 20 20 At 31 March 2024 3,694 104 3,929 Char5ty Unre$trl¢ted revaluatlon reser¥e £000 3,694 3.694 Re$trl¢t¥d Income Penslon Total £000 3,929 3.929 £000 131 131 £000 104 104 Al 1 April 2024 Other reserve movements Al 31 March 2025 Charlty Unrnstrlcted r•valuatlon reserve Restrlcted Incom8 reserve P•nslon reserve Total £000 4,760 713 £000 3.792 £000 £000 124 Al 1 April 2023 Prior y8ar adjustmgnt Al 1 April 2023 restated Transfer Operating deficit lor the year Al 31 March 2024 713 3,792 1981 124 4,047 1981 20 20 3,694 104 3,929 Page 23
uJo)a
Belper Leisure Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 {continued} 18 Analysis of net assets between lunds Group Total funds at 31 March 2025 £000 13 113 Unrestricted fund £000 13 1131 Restricted fund £000 Current assets Current liabilities Total net assets Total funds at 31 March 2024 £000 5,076 209 14951 131 Unre$trl¢t¢d fund £000 4,972 209 14951 R¥$trl¢tod fund £000 104 Tangible fixed assets Current a55ets Current liabilities Pension scheme asset Total nel assets 4.817 104 4,921 CharStable company Total funds 4131 March 2025 £000 Unrostrfcted fund £000 13 13 R•8trlct8d fund £000 Current asset8 Current liabllilies 13 Total nel assets Total funds at 31 March 2024 £000 5,076 202 14881 131 Unrestrlcted fund £000 4,972 202 14881 R8strlct8d fund £000 104 Tanglble fixed assets Current assets Curr8nt liabilitias Pension scheme asset Total ng1 assets 4,817 104 4,921 Page 26
Belper Leisure Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 {continued} 19 Obligations under leases and hire purchase contracts Operating lease commitments Total future minimum le8se p8yments under nLN)4ance118ble op8rab.ng leases are 8$ follows.. Group 2025 £000 Charity 2025 £000 2024 £000 2024 £000 other Within one year Belween one an(J five years The amount of non<anc811ab18 owraling lease payYn8nts recognised as an 8xpense during th8 y8ar was £4.00012024.' £4,0001. 20 Related party tran8a¢tlon$ Group and ¢harltable ¢ompany Durlng the year the group an(J company carried oul the followNJ transactions with Its members.. Sal•s and fundlng r•c•lved Purchas Sales and fundlng r•c•lv•d Purchas•$ 2025 202S 2024 2024 M¢Mr £'ooo £'ooo £'ooo £'ooo B8lper School Derbyshire County Council 168 234 165 307 20 21 19 The purchases from Belper Sch1 represenl the group's share of the cost of gas, electricily and metered water charged lo the whole sile. Al the year end £36,092 was owed lo Belper Sehcol in respect of these charges12024.. £126,588). Thè liability is split as £Nil owed in respect of historic uts.lily p8yrnenls agreed to be deferred and £36.092 owed in respect of current ulilily paymen¢s12024.. £68.043 owed bn r8specl of histon"c utility payments agreed lo be deferred and £58,545 owed in respect of current utility payments). No amount was owed to Derbh1Ie County Counal ai the year end12024'. £Nill. 21 Parent and ultlmato parent und•rtaklng On 1 August 2023, control over the group was assumed by Tril(w Active Ltd. a ttjmpany in¢ortM)rated in England. The registered address of Trilogy Active Ltd is 78 Robert Street. Northampton. NN138J. On 31 March 2025, the group transferred its trade and assets to Trilogy Acts"v8 Lld for Consideration of £Nil. Page 27