REGISTERED COMPANY NUMBER: 06727055 (England and Wales)
REGISTERED CHARITY NUMBER.. 1130010
1610 LIMITED
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Mccabe Ford Williams
Statutory Auditors and Chartered Accountants
Building 1063
Cornforth Drive
Kent Science Park
Siltingbourne
Kent
ME9 8PX

1610 LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Reference and Administrative Details
Chairman's Report
Report of the Trustees
3 to 12
Report of the Independent Auditors
13 to 16
Statement of Financial Activities
17
Statement of Flnancial Position
18
Statement of Cash Flows
19
Notes to the Statement of Cash Flows
20
Notes to the Financial Statements
21 to 39

1610 LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES
R Cardwell (resigned 30.10.251
P J Harvey (resigned 30.10.25)
J S Kelly (resigned 30.10.251
A P Rustad (appointed 1.8.241
B J Hayward (resigned 31.7.24}
M Winlow (resigned 31,7,24)
D Talbut (appointed 30.10.25)
COMPANY SECRETARY
D Talbul
REGISTERED OFFICE
Trinity Sports & Leisure
Chilton Street
Bridgwater
Somerset
TA6 3JA
REGISTERED COMPANY NUMBER 06727055 (England and Wales)
REGISTERED CHARITY NUMBER 1130010
INDEPENDENT AUDITORS
Mccabe Ford Williams
Statutory Auditors and Chartered Accountants
Building 1063
Cornforth Drive
Kent Science Parf(
Sittingboume
Kent
ME9 8PX
SOLICITORS
Winckworth she￿Ood
Arbor
255 Blackfriats Road
London
SE19AX
CHIEF EXECUTIVE OFFICER
R Hayes
Page 1

1610 LIMITED
CHAIRMAN'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Welcome to the 1610 Ltd 2024125 Trustee report.
The 202412025 year has seen some major Changes to the governance and structure of 1610 Limiled. Thè Trustees
appointed a preferred bidder during the 2024125 year following extensive work with consultants Strategic Leisure. The
preferred bidder appointed was Wealden Leisure Limiled. In August 2024, 1610 Limited became a wholly owned
subsidiary of Wealden Leisure Limited. This provided 1610 with wider support and stability.
The business continued the Irend from recent years and grew organically in key revenue lines. 1610 sites continued to
experience organic growth in fitness memberships. In recent years swim memberships have grown organically but the
trust found that this growth slowed in 2024125 but remains an important revenue line for 1610 business. The
management team has remained consistenl Ihroughout 2024125, which has contributed to improved business continuity,
This evolution of the trust has come about to achieve the following aims and objectives..
Protect the1610 Limited legacy
Maintain the 1610 brand and standards
To protect the1610 workforce
To ensure continuity of community output
The restructure of the company has seen changes lo board members and developing lines of reporting and supervision
within the organisation.
While the current Senior Leadership team and senior managers have remained in place Ihe scope for additional support
from professionals and experts has become far more extensive.
Page 2

1610 LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of Ihe 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 2025. The Irustees have adopted the provisions of
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing Iheir
accounls 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 aims
1610 Trust purposes are defined in the objects set out in the company's Memorandum of Association and can be
summarised as follows:
The advancement and support of education, cultural seNices, and other related provision through direct
management of facilities or related aclivity programmes.
The delivery and management of leisure, recreation, and sports facilities particularly with a focus on provision for
'hard to reach, groups and key target groups that have barriers to participation.
The promotion and delivery of health and wellbeing programmes with an emphasis on sport and physical activily.
The advancement of physical education and sport.
Other charitable proposals that have public benefit which are consistent with the core objectives of the trust.
1610 Trust seeks lo deliver high quality setv1￿$ to Somerset and wider Southwesl communities. The core aims of our
work is to develop 1610 facilities and programmes lo improve health, sporting I leisure abilities and participation.,
contribute to raising the quality of life for the general community and supporting schools in their development of young
people. Throughout this work, Trustees recognise that Ihere is a need to ensure thal the Trust observes Charity
Commission guidance on public benefit to ensure alignmenl with activities and the core Trust aims and objectives.
This model often provides isolated or small rural communilies with access to local sports, health, and learning facilities I
programmes where there would be insufficient volumes of people to make dedicated leisure centres viable.
Through this network of cenlres, 1610 delivers a diverse programme, often being asked to target hard to reach groups,
those that are financially or socially excluded, isolated communities or lo work in areas with significant deprivation
issues, 1610 works with groups and individuals creating many examples of life changing experiences. They are often
achieved Ihrough using leisure I sport I health and filness as a catalyst for altering the direction of a person's life or by
providing new opportunilies for a whole community.
Public benefit
The Trustees confirm that they complied with the duties in section 1715) of the Charities Act 201110 have due regard to
the Charity Commission's general guidance on public benefit. Charity Commission general guidance on public benefit
was used when reviewing objectives and when planning future activities. In particular the Trustees considered how
planned activilies will contribute lo the strategic aims they set.
STRATEGIC REPORT
Achievements and performance
Charltable activities
In 2024125 the Trust operated 3 leisure centres on behalf of local Councils in the Southwest UK. These facilities provide
community access to sporting I leisure I fitness seNices ensuring local rural facilities are available to everyone and the
promotion of a fit and healthy lifestyle. Complementing the leisure contracts is one 1610 leased facility that operate
fitness, health, and wellbeing programmes,
Page 3

1610 LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
Achievements and performance
Managing delivery of our aims
Senior Managers and the Trustees review the Trust aims, objectives and delivery on an annual basis against the yearly
business plan that includes conlractual targets and the annual budgets. Each department of the Trust produces annual
work stream plans lo enable successful programme delivery and overall development of the Trust business.
Through the UK Growth Ac¢eleralor Programme, 1610 fully embedded the Vision Orbil (VO) strategic business tool lo
review and develop the organisations performance. The annual VO, Vilal Few and Single Page Plan form Ihe basis of
business planning within the company. Staff members at every level of the organisation Lfse this tool lo align activities.
During the 2024125 year the Trust managed a series of public sector service contracts in Southwest England:
A ten-year contract wilh Futures for Somerset, to operate two dual use leisure facilities as part of the PFI Building
Schools for Ihe Future initiative in Biidgwater, Somerset. In 2020 the Futures for Somerset leisure contract was
extended for a further five years to end in September 2025.
A len-year contract with Dorset Council lo operate the 8.5m Dorchester Leisure Cenlre in Dorchester. Dorset
Council exlended this contract beyond October 2022 to April 2024. A further contracl variation was agreed
during the 2023124 year to extend this contract to April 2026.
The status of each contract is set out in the key activities section below. Each contract has a comprehensive
perfomiance framework thal is monitored quarterly l annually by the Senior Leadership Team and the various Council
contract commissioning bodies.
What sets 1610 apart from other fitnesslleisure providers is the changing role of the Trust - it is much more than just
management of leisure centres. Since 2012 the Trust has actively pursued a wider community role, by increasing the
choice of activities - from healthy living iniliatives, adult learning programmes to Workfor￿ development and training for
the leisure industry, Health and wellbeing are however the platfomi and common denominator to the activilies, and the
reason 1610 has an enormous impact on people's lives.
Key KPIS for the Trust are..
Number of people attending our siles.
Meeting fitness standards.
Number of customer complaints, linked to customer satisfaction.
Health & Wellbeing attendances.
Number of effeclive communily and club partnerships.
Numbers of Children enrolled on Swim Programmes.
Number of Trusl fitness members.
Page 4

1610 LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
Financlal review
Flnanclal position
Full financial details are in the audited accounts.
The headline financial information for 2024125..
The company turnover increased from £3,227,370 in 2023124 to £3,337,176 in 202412025.
Generally, income trended ahead of expected projections for the year, with overall income almost 20/0 ahead of
projections.
Key income successes included sports pitch usage and pool block bookings usage
The twst also performed well in fitness membership income - an important outcome as it accounts for a large
percentage of overall lurnover.
The trust continues to encounter higher property costs due to the ageing condition of one of the key contracts in place.
Expenditure controls have remained stringent throughout the year.
The Trust began repaymenls on the COVID Bounce Back Loan in Dec 2021, the balance remaining as of March 2025
is £17,354
While the Irust's performance has improved in perfomance in many ways, increases in our cost base has resulted in
the trust ending the year in a £210,264 deficit. Staff Costs increased as a result of minimum wage and pay award
impacts. Utilities costs were higher than the previous year due to tariff increases. Depreciation charges increased due to
forthcoming contract expiry dates.
Despite posting a deficit posilion cash in the bank as risen from £476,905 to £574,011 as of March 2025.
Investment pollcy and objectlves
The rnajority of funds that the Trust generates on an annual basis is commilted lo annual operations. It is unlikely, in the
short or medium term, that there will be significant funds generated for long term investment. The Board is keen to
make provision for the developmenl and growth of the reserve fund. However, it is important that the Trust uses its cash
to develop business and support the agreed charilable outcomes, Cash in hand is held in a special interest-bearing
account with Natwest. The bank offers a basic treasury service to maximise the investment of these funds whilst
covering day to day operational business needs.
Reserves pollcy
The Trustees recognise the requirement lo establish a reseNes policy,. in setting the reserves policy the Trustees have
considered the need lo manage resources for the benefit of the charity's aims and objeclives and to maintain financial
stability, considering the risks and potential impact in the current economic environment. The Trust Board review the
reserve policy annually and has a policy of holding a minimum ReseNe of £200,000, As income covers operational costs
the need to maintain reserves is based on any unforeseen call on funds, and for future capital and operational
expenditure. This has been determined based on the Trust Risk Register,. identifying the fiscal impact of these risks
being realised, and future of the Trust.
ReseNes at the year end were £421,95412024 £635,216), of this restricled funds were £1,302 {2024 '. £1,302).
Unrestricted funds were £420,652 {2024'. £633,914), This level of reseNes is acceptable as it meels the minimum
rese￿eS policy and allows the Trust to set aside resources to meet the requirements of the National Living Wage and for
future investment projects.
The Reserves Policy is annually reviewed.
Page 5

1610 LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
Financial revlew
Going concern
After the balance sheet date il has been agreed that the trade and assets of the charity will be transferred to its parent
Wealden Leisure Limited. This transfer will be achieved once Charily Commission approval has been sought. Once the
transfer has happened it is the boards intention to dissolve the charilable company. Accordingly the financial statements
are prepared on a basis other than going concern. It is anticipated that the trade will continue uninterrupted as it
transfers to the parent, and accordingly there are no adjustments made to the carrying value of assets and liabilities as
at 31 March 2025.
Page 6

1610 LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
Prlnclpal risks and uncertalnties
A full review of the Business Risk Register takes place throughout the year,. this is reviewed on a regular basis and the
Board is Presented with a Business Risk Improvement Plan at each Board meeting, togelher with any additional risks
thal are identified. The risk assessment covers all areas of Ihe business including operational, financial, compliance,
external and governance risks, particularly in the light of any new projects undertaken and changes to the political
climate and local economies.
The currenl principal risks and uncertainties faced by the Trust are,.
Impact of the increase in energy cost linked lo global events and trends.
Recruitment and retention of staff.
Furlher extension of exisling1610 public sector contracts.
Reliance on low margin activities.
Major Planl failure at sites where 1610 has full repairing liabilities.
Growth of online leisure providers l Home fitness market I new outdoor leisure provision.
Loss of key management (TrusteelCEOISLTI.
Failure of Duty of Care (Health & Safely and safeguarding).
The remaining short timespan on the two remaining Council leisure seNices contracts.
Financial viability of a much smaller Trust operation particularly linked to inflation costs.
Systems and processes have been put in place to manage and mitigate the risks1610 face.
For health and safety and safeguarding, both in-house and extemal consultants are used to assess operational
perfomiance, highlight risk management issues and actions needed and provide on-going training.
All staff undergo formal training and regular updates and courses to ensure Ihey understand their responsibilities
regarding safeguarding. Recruitment processes are robust ensuring everyone follows due process, and all staff are
Disclosure and Barring SeNice (DBSI cleared before they can commence employmenl wilh the Trust.
The Trust uses QUEST, a national accredited quality assurance sports framework, to externally assess all aspects of
operational performance - highlighting excellence and areas for improvements.
These external processes support periodic reviews at Board level prompling adjustment to operations as risks change
or new challenges arise.
Mentor Natwest is available, on demand, for extemal HR support and advice.
Robust and rigorous financial processes are in place to ensure performance is regularly reviewed on a daily I weekly and
monthly level and corrective action taken quickly.
Whilst significant reliance is placed on the CEO and SLT'S skills., each has a dedicaled team supporting them and no
individual works in isolation, ensuring adequate cover can be put in place immediately, lemporary cover Gould also be
provided by recruiting external professionals, together wilh support from the Trustees.
At a more strategic level, legal and financial risks are identified and mitigated through our work with professional
advisers and auditors.
1610 continually strives to improve their margins by developing their own branded products and reviewing work practices
to ensure the Trust operates as efficiently as possible. 1610 remains flexible in its approach to ensure it can adapt to
changes in legislation and contractual requests.
Pool plant failure will always remain a risk Ihat is difficult for 1610 to mitigate against, however we collaborate closely
with our contractual partners to ensure the plant is maintained appropriately where it is our direct contractual
responsibility to do so.
Risk management is a standing item on Ihe monthly Senior Leadership Team agenda and quarterly Board agenda.
Page 7

1610 LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
Financial and risk management objectives and policies
The Trustees are responsible for monitoring financial risk. Appropriate policies have been developed and implemented
to identify, evaluate, and manage Ihe key risks.
a) Price risk - The charity is exposed to price risk as a result of its operations. Due to the economic climate and new
leisure budget operator competition the charity must sell and provide services at competitive price to maintain
membership levels.
b) Credit risk - Due to the charity's activities, credit is very rarely given. Any credit extended lo customers is subject lo
appropriate review and monitoring.
cl Liquidity risk - Trustees are regularly updated on cash flow and financial risk. Support has been requested by the
Trust from financial advisors and commercial lendets to help manage the Trust business.
d) Cash flow risk - the CEO l Finance Team have provided the Board with quarterly updates on cashflow through the
year. In addition to updates when significant changes have occurred. Cashflow can be tracked daily via the Xero finance
system. This data is available to all Trustees and Senior staff daily.
e) Economic risk - The charity's perfomiance is directly impacted by the economic environment. To manage this risk, the
charity strives to deliver competilively priced products and services. The charity is actively concentrating on improving
efficiency and reducing costs.
fj Credit Rating the Trust is aware that it is essential to maintain a strong, posilive financial profile, The Trust credil
rating is reviewed periodically to monitor the health of the Trust finances.
Page 8

1610 LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
Future plans
Historically, the Trust prepares annual business plans and financial forecasts for the delivery of commissioned seNices
and developmental work. In recent years Ihe business plans have been simplified. This approach will largely remain the
same.
The 2025126 Trust Plan set out:
1. As a minimum success measure 1610 to achieve a surplus budget position by March 2026
2, To position 1610 as an environmentally conscious business and ensuring truly sustainable approaches are taken
3. Drive staff retention of colleagues who exhibit the1610 DNA, values and team firsl approach.
4. Assess 1610's social value impact as a charity and identify key metrics that is reported to 1610 stakeholders to
highlight the impact of ils charitable work.
5. Review all front of house systems.
6. Implement new Irust timeline planning tool to organise strategic and top end operational planning approaches.
7. Increase the Wellness membership base by a further15 % by March 2026
8. To rollout 1610 marketing strategy tailored to each facility lo help deliver its financial outcomes as set out in the
budgets.
9. To improve the quality of service and offer at every1610 centre by setting out quality assurance metrics.
Financial viability remains paramount for the Tnisl. This will involve a continuation of building back, growing and
sustaining the usual 1610 business income streams,
In addition to building back the business levels the trust will have to carefully navigate rapidly approaching contracl
horizons and work collaboratively with key partners and stakeholders to secure a future legacy for1610 Limited.
The trust will continue to work in collaboration with its new parenl company Wealden Leisure Limited in 202512026 to
ensure that the charitable objectives are met.
Subsequent to the balance sheet date the Board has agreed that the trade and assets of the Gharitable company will be
transferred to the parent once Charity Commission authorisation has been granted. The future plans for the leisure
centres will be aligned with Ihe parent company's strategic and charitable plans for the future. The plans for both
organisations are already very much aligned towards improving lives through leisure and working with local authority
partners to increase the number of local residents using the facilities and help them to be more active, more often.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
1610 Limited is a charitable company limiled by guarantee, incorporated on17 October 2008, and registered as a charity
on 5 June 2009. The company was established under a Memorandum of Association which establishes the objects and
powers of the charitable company and is governed under its Articles of Association. In the event of the company being
wound up members are required to contribute an amount not exceeding £1.
Principal Activities
In 2024125 the Trust operated 3 leisure centres on behalf of local Councils in the Southwest UK. These facilities provide
community access to sporting I leisure I fitness seNices ensuring local rural facilities are available to everyone and the
promotion of a fit and healthy lifestyle. Complementing the leisure contracts is one 1610 leased facility Ihat operates
fitness, health, and wellbeing programmes.
Page 9

1610 LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Directors of the company are also charity Trustees for the purposes of charity law. They are elected to seNe for 3 years
retiring on the third anniversary of Iheir appointment, after which they may be re*lected for a further 3 years. They musl
retire at the end of that period and may not be re-elected until the expiry of 1 year from Iheir retirement unless the
Trustees consider that it would be in Ihe best interests of the Charity for a particular Trustee or Trustees to continue lo
serve beyond that period and that Trustee or those Trustees are reappointed in accordan￿ with the company's articles
of association. Potential new Trustees are identified through networking and recommendation. it is important to us that
Trustees understand our ethos from the outset and are passionate about what we do.
In 2024-25 one new Irustee was appointed to the board, as part of the changes in structure lo the organisation and as
part of Wealden Leisure Limited acquisition of 1610 as a wholly owned subsidiary. The board currenlly consists of 4
trustees,
Organlsatlonal structure
1610 is strategically managed by a Trust Board comprising of Trustee Direclors. The Board traditionally meet four times
per annum. Due to the strategic direction adopted by the board in 2024125 the board met more regularly.
For part of the 24125 year the Board was serVi￿d by a part time Company Secretary, along with specialist advisers to
1610 e.g. Accountanls l Legal I Consultants attend Board meetings to advise Truslees as required, Due lo changes in
structure in August 2024, further support was obtained via the new parent company for1610, Wealden Leisure Limited.
The Board delegates responsibility for daily operations to the Chief Executive and General management team and later
in the year to its newly chosen parent company, Wealden Leisure Limited. This leam has responsibility for the delivery of
contractual outcomes, seNice specifications and lo agree on Key Performance Indicators. Further pathways of
delegation are in place from the CEO I general management team through to the wider management Team to operate
the Trust business units across multiple venues in the Southwest.
Operational standards are defined through nationally recognised quality leisure management systemslframeworks that
comprehensively document activities and processes for staff at all levels.
Induction and training of new trustees
New Trustees are invited to meel the Senior Leadership Team and Board members and are given a short induction at
Trinily Sport and Leisure Centre HQ to advise them on the operations, activities, and key personnel wilhin the Trust.
These sessions are led by the Chief Executive and other key senior staff and include..
A welcome pack.. in¢luding materials relaled to the Trust operations and governance (including the financial accounts),
legal slatus and guidance from the Charity Commission on the responsibilities, obligations, and liabilities of becoming a
Trustee.
Trustees are offered the Chan￿ to shadow a Trust Board meeting.
New Trustees are given an opportunily to visit one of the main Trust leisure operations to familiarise themselves
with the core work and to meet Trust staff.
New Trustees are also encouraged lo conta¢t the Chair of the Trust, a fellow Trustee, or the Company Secretary
to gain a further insight into the day- to- day business and ethos of the organisalion.
Trustees are regulatly updated on training opportunities at Board sessions including key functions around
safeguarding and health and safety.
All Trustees are given an induction as part of the Trust health and safety policy. Core training on healthlsafety and
safeguarding is delivered to the Board on an annual basis or as and when significant changes lo policy or UK Law
dictate the need for a refresh.
Page 10

1610 LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Key management remuneration
Remuneration for all job roles is evaluated according to the role and level of responsibility., and this applies to members
of SLT (Senior Leadership Team), and the CEO. CEO remuneration is separatèly reviewed, set by the Trustees and
agreed annually by the Board. SLT and the CEO have clear objectives both in their area and at a strategic level., this is
incorporated into the Trust's Vision Orbit Business Plan. These objectives are reviewed on a regular basis both at SLT
level and at regular "job chats,. which are the equivalent to appraisals. The CEO reports lo the Board on the objectives
together with perfomance of those objectives.
The impact of Living wage remains a major annual financial pressure for the Trust, Maintaining pay differentials is a
difficult balancing act given the need to compete within an increasingly price aggressive sector
1610 has faced significant pressure in pay due lo the changes in the employment market and workers moving across
sectors for higher paid employment. Given the current financial position of1610 there is little opportunily lo increase pay
beyond statutory awards.
Employee Informatlon
1610 is dependent on the skill and enthusiasm of its employees to achieve its business and Gharitable objectives. The
Trustees are therefore committed to effective employee communication and equal opportunities. The selection, training
development and promotion policies ensure equal opportunities for all employees regardless of gender, marital status,
race, age, or disability. Internal Communications are designed to ensure that employees are well informed about the
aclivilies of the charity and slaff attitudes are researched so that the Senior Leadership Team can respond positively to
the ideas and needs of employees.
The Trust continued lo 'buy-in' external support for HR matters through Mentor HR seNices until 1610 was acquired by
Wealden Leisure Limited, from this point onwards, 1610 has reduced Ihe use of this seNice and instead draws down on
the experience and expertise from the parent company's in-house experts.
Recruitment and retention of staff continues to apply pressure to 1610 due to broader challenges within the employment
market. This is made more difficult by key national themes being attributed specifically to the leisure industry where it is
typically recognised there are national workforce shortages. Staffing levels have lluctuated throughout the year but
remain lean with the total number of staff circa160 subject to fluctuations.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The truslees (who are also the directors of1610 Limited for the purposes of company lawl are responsible for preparing
the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice).
Page11

1610 LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES. RESPONSIBILITIES. contlnued
Company law requires the trustees to prepare financial statements for each financial year. Under Ihat law, the trustees
have elected to prepare the financial slatemenls in accordance with United Kingdom Generally Accepted Accounting
Practice (United Kingdom Accounting Standards and applicable law).
Under company law the truslees must not approve the financial statemenls unless they are satisfied that they give a twe
and fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charilable company for that period. In preparing those financial
statements, the truslees are required to
select suitable a￿oUntIng policies and then apply them consistenlly,.
observe the methods and principles in the Charities SORP,,
make judgements and estimates that are reasonable and prudent,,
prepare the financial statements on the going concem basis unless it is inappropriate to presume that Ihe charitable
company wlll continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the financial position of the charitable company and to enable them to ensure that the financial slatements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware..
there is no relevant audit infomiation of which the charitable company's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit
information and to establish that the auditors are aware of that infomiation.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company
directors, on 6 NL'Ucfi1442025 and signed on the board's behalf by..
IIL L,IL
A P Rustad - Trustee
Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
1610 LIMITED
Opinion
We have audited the financial statements of1610 Limited (the 'charilable company'l for the year ended 31 March 2025
which comprise the Statement of Financial Aclivities, the Statement of Financial Position, the Statement of Cash Flows
and notes to the financial statemenls, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statemenls..
give a true and fair view of the state of the charilable company's affairs as at 31 March 2025 and of ils incoming
resoUr￿S and applicalion of resources, including its income and expenditure, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006,
Basis for opinion
We conducted our audit in accordance with Internalional Standards on Auditing (UK) (ISAS IUKII and applicable law.
Our responsibililies under those standards afe further described in the Auditors, responsibilities for the audit of the
financial slatements section of our report. We are independent of the charitable company in accordance with the elhical
requirements that are relevant to our audit of Ihe financial statements in the UK, including the FRC'S Ethical Standard,
and the provisions available for small entities, in the circumstances sel out in note 26 to the financial statements, and we
have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have oblained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to going concern
Emphasis of matter- financial statements prepared on a basis other than going concem
We draw altenlion to note 28 of the financial statements which explains that after the balance sheet date it has been
agreed that the trade and assets of the charitable company will be transferred to the parent, 11 is the intention post
transfer lo dissolve the charitable company. Accordingly the financial statements have been prepared on a basis other
than going concern as described in the going concern accounling policy, Our opinion is not modified in respect of this
matter.
Other information
The Irustees are responsible for the other infomialion. The other infomiation comprises the information included in the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial stalemenls does nol cover the other information and, except to the extent otherwise
explicitly slated in our reporl, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing
so, consider whether the other infomiation is materially inconsistenl with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to detemiine whelher this gives rise to a material misstatement in the
financial statemenls themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required lo report that fact. We have nothing to report in this regard.
Oplnlons on other matters 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 Report of the Trustees for the financial year for which the financial statemenls are
prepared is consistent with the financial statements., and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page13

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
1610 LIMITED
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and ils environment obtained in Ihe course of
the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing lo report in respect of the following mallers where Ihe Companies Act 2006 requires us lo report to you
if, in our opinion..
adequate accounting records have not been kept or returns adequate for our audit have not been received from
branches not visited by us., or
the financial statements are not in agreemenl with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit., or
the trustees were not entitled lo lake advantage of the small companies exemption from the requirement to prepare a
Strategic Report or in preparing the Report of Ihe Trustees.
Responsibllltles of trustees
As explained more fully in the Stalement of Trustees, Responsibilities, the trustees (who are also the directors of the
charitable company for the purposes of company law) are responsible for the preparation of the financial statements and
for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary
lo enable the preparation of financial statements that are free from material misstalement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing Ihe charitable company's ability to
continue as a going concem, disclosing, as applicable, matters relaled to going concern and using the going concem
basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have
no realistic alternalive but to do so.
Page 14

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
1610 LIMITED
Our responsibilities for the audlt of the flnancial statements
Our objeclives are to obtain reasonable assurance about whether the financial slatements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in Ihe aggregale, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The
extent to which our procedures are capable of detecling irregularities, including fraud is detailed below..
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud
and noncompliance with laws and regulalions, was as follows:
the engagement partner ensured that the engagement team collectively had Ihe appropriate competence, capabilities
and skills to identify or recognise non-compliance with applicable laws and regulations.
we identified the laws and regulations applicable to the company through discussions with directors and our
experience of the sector-
we focused on specific laws and regulations which we considered may have a direct material effect on the financial
statements or the operalions of the company, including, but not limited to, the Companies Act 2006, the Charity
Statement of Recommended Practice, and UK tax legislation.,
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management; and
identified laws and regulations were communicated within the audit team regularly and the team remained alert to
instances of non-compliance throughout the audit.
We assessed the Su$￿pIlb1llty of Ihe company's financial statements to material misstatement, including obtaining an
understanding of how fraud might occur, by..
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
actual, suspected and alleged fraud,.
considering the internal conlrols in place to mitigate risks of fraud and non-compliance with laws and regulalions.
To address the risk of fraud through management bias and override of controls, we:
performed analytical procedures to identify any unusual or unexpected relationships.,
lested journal entries to identify unusual transactions.,
reviewed managemenl contracts where contract variations had arisen.,
assessed whether judgements and assumptions made in determining the accounting eslimates set out in note 1
were indicative of potential bias., and
investigated the rationale behind significant or unusual Iransaclions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which
included, but were not limited to..
agreeing financial statement disclosures lo underfying supporting documentation.
reading the minutes of meetings of those charged with governance.
enquiring of management as to actual and potential litigation and clairns. and
reviewing correspondence with HMRC and the relevanl regulator where applicable.
Page 15

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
1610 LIMITED
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are
from financial transaclions, the less likely it is that we would become aware of non-complian￿. Auditing standards also
limil the audit procedures required to identify non-compliance with laws and regulalions to enquiry of the directors and
other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise
due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealmenl or
collusion.
A further description of our responsibilities for the audit of the financial statements is located on Ihe Financial Reporting
Council's website at www.frc.org.uklauditorsresponsibililies. This descriplion forms part of our Report of Ihe Independent
Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part16 of
the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the charitable company's
members those Matte￿ we are required lo state to them in an auditors, report and for no other purpose. To the fullest
exlent permitted by law, we do not accept or assume responsibility to anyone other than the charilable company and the
charitable company's members as a body, for our audit work, forthis report, or for the opinions we have fomed.
Clai
Rayner FCA DChA (Senior Statutory Auditor)
for and on behalf of Mccabe Ford Williams
Stalutory Audilors and Chartered Accountants
Building 1063
Cornforth Drive
Kent Science Park
Sittingboume
Kent
ME9 8PX
Date..
61,1! layj......................
Page16

1610 LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted
funds
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
15,231
15,231
14,835
Charitable activities
Charitable activities
3,171,393
3,171,393
3,061,146
Other trading activities
Investment income
142,534
8,018
142,534
8,018
145,641
5,748
Total
3,337,176
3,337,176
3,227,370
EXPENDITURE ON
Raising funds
74,701
74,701
76,427
Charitable activities
Charitable activities
3,475,737
3,475,737
3,149,078
Total
3,550,438
3,550,438
3,225,505
NET INCOMEI{EXPENDITURE>
Other recognised gainsl(losses)
Actuarial gainsl(losses} on defined benefit
schemes
(213,262)
(213,262}
1,865
18,000)
Net movement In funds
(213,262)
1213,2621
(16,135)
RECONCILIATION OF FUNDS
Total funds broughl forward
633,914
1,302
635,216
651,351
TOTAL FUNDS CARRIED FORWARD
420,652
1,302
421,954
635,216
The noies fom part of these financial statements
Page 17

1610 LIMITED
REGISTERED NUMBER; 06727055
STATEMENT OF FINANCIAL POSITION
31 MARCH 2025
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted
funds
Restricted
fund
Notes
FIXED ASSETS
Tangible assets
Investments
13
14
270,858
270,858
509,460
270,859
270,859
509,461
CURRENT ASSETS
Stocks
Debtors
Cash at bank
15
16
12,053
109,284
572,709
12,053
109,284
574,011
10,940
135,150
476,905
1,302
694,046
1,302
695,348
622,995
CREDITORS
Amounts falling due within one year
17
(537,231 }
(537,2311
(482,883)
NET CURRENT ASSETS
156815
158,117
140,112
TOTAL ASSETS LESS CURRENT LIABILITIES
427,674
1,302
428,976
649,573
CREDITORS
Amounts falling due after more than one year
18
(7,022)
(7,022)
(17,357)
PENSION ASSET
23
3,000
NET ASSETS
420,652
1,302
421,954
635,216
FUNDS
Unrestricted funds
Restricted funds
22
420,652
1,302
633,914
1,302
TOTAL FUNDS
421,954
635,216
The financial statements were approved by the Board of Trustees and authorised for issue on 6N(SQiiiei12025 and were
signed on its behalf by:
A P Rustad - Trustee
The notes fomi part of these financial statements
Page18

1610 LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
31.3.25
31.3.24
Notes
Cash flows from operating activities
Cash generated from operations
Interest paid
142,259
41,255
Net cash provided by operating activities
141,556
41,255
Cash flows from Investlng actlvltles
Purchase of langible fixed assets
Interest received
(14,350)
8,018
110,5441
5,748
Net cash used in investing activities
Cash flows from financing activitles
Loan repayments in year
Hire purchase new borrowingl(repaymentsl
(10,081 }
28,037
(10,6481
20,544
Net cash (used inllprovided by financing activities
38,118)
9,896
Change In cash and cash equivalents In
the reporting perlod
Cash and cash equivalents at the
beginning of the reporting period
97,106
46,355
476,905
430,550
Cash and cash equivalents at the end of
the reporting perlod
574,011
476,905
The notes form part of these financial statements
Page19

1610 LIMITED
NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
RECONCILIATION OF NET {EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.3.25
31.3.24
Net {expenditure)lincome forlhe reporting period {as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Inlerest paid
Impaiment of fixed assets
Interest paid
Increase in stocks
Decreasel(increase) in debtors
Increaselldecrease} in credito[5
(213,262)
1,865
255,954
18,018)
703
152,588
(5,748)
154,190)
3,418
(3,6511
(40,4271
12,6001
(1,113)
25,866
82,129
Net cash provided by operations
142,259
41,255
ANALYSIS OF CHANGES IN NET FUNDS
At1.4.24
Cash flow
At 31.3,25
Net cash
Cash at bank
476,905
97,106
574,011
476,905
97,106
574,011
Debt
Finance leases
Debls falling due within 1 year
Debts falling due after 1 year
132,659)
(10,078)
17,357)
28,037
(254)
10,335
(4,622)
110,332)
7,0221
60,0941
38,118
21,9761
Total
416,811
135,224
552,035
The notes form part of these financial statements
Page 20

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
Basls of preparlng the financlal statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charilies SORP IFRS 102) 'Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial
Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, 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, with the
exception of investments which are included at market value.
General Information
1610 Limited carries out its objects as noted in Ihe Trustees, annual report. The charitable company is a
company limited by guarantee and is incorporated and domiciled in England. The address of Ihe principal and
registered office is Trinity Sports and Leisure, Chilton Street Bridgwater, Somerset, TA6 3JA. The charitable
company also operates from a number of addresses being Ihe leisure centres that it operates.
Presentation currency
The presentation currency is £ sterling.
Going Concern
The Trustees have considered the going concern requirement and are of the opinion that, following a decision
after the year end to Iransfer all trade and assets to the parenl, the accounts should be prepared on a basis other
than going concern, It is anticipated that Ihe activities will continue uninterrupted as they transfer to the parent,
according there are no adjuslments to be made to the carrying values of assets and liabilities as al 31 March
2025,
Summary of slgnificant accounting policles
The principal accounting policies adopted, the critical accounling estimates, judgements and key sources of
eslimation Un￿rtaintY in the preparation of the financial statements are sel out below. These policies have been
applied consistently unless otherwise stated.
Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements in confomiity with FRS 102 requires management to make
judgements, estimates and assumptions that affect the application of policies and reported amounls of assets
and liabilities, income and expenses,
Estimates and judgements are continually evaluated and are based on historical experience and other factors.
including expectations of future evenls that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future. The resulting accounting estimales will,
by definition, seldom equal the related actual results. The estimates or assumptions that have a significant risk of
causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are set
out below.
(al The company has an obligation lo pay pensions benefils to certain employees. The cost of these benefits are
the present value of the obligation depend on a number of faclors., including.. Life expectancy, salary increases,
asset valuations and the discount rate on corporate bonds. Management estimate these faclors in determining
the net pension obligation in the balance sheet. The assumptions reflect historical experience and current trends.
See note 23 for the disclosures relating to the defined benefit pension scheme.
Page 21
continued...

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES. continued
Critical accounting judgements and key sources of estlmatlon uncertainty
Ib) Revenue from gym memberships is recognised over the period of the membership on a straight-line basis,
reflecting the period over which the services are provided lo the customer. Deferred income represenls
membership fees received in advance of the period to which they relale. The eslimation uncertainly arises in
determining the portion of membership income that relales to future periods at the reporting date. Management's
key assumption is that the benefits of membership are consumed evenly over the membership period, and
therefore revenue is recognised on a time-apportioned basis.
{cl Expenditure is recognised on an accruals basis to reflect goods and seNices received before the year-end
that have not yet been invoiced or to rellect goods and services that have not yet been delivered at Ihe year end
but have been invoiced . The estimation of accrued or prepaid expenditure is based on one or more of the
following..
Purchase orders raised for goods or Se￿iceS received but not yet invoiced at the reporting date.
Invoices received after the reporting date Ihat relate to Ihe reporting period.
Invoices received during the reporting period that relate to a future reporting period.
Apportionment of costs where services or contracts span the financial year-end, calculated on a pro-rata basis by
referen￿ to the service period covered.
Judgemenl is required to detemine the completeness of accrued I prepaid liabilities and the appropriate level of
accrual I prepayment for each category of expenditure.
Income
All income is recognised in Ihe Statement of Financial Activities once the charity has entillement to the funds, it is
probable that the income will be received and the monetary value of the income can be measured with sufficient
reliability and is not deferred.
Income from govemment and other grants, whether 'capital' granls or 'revenue' grants, is recognised when the
charily has enlitlement to the funds, any performance ¢onditions attached to the grants have been met, il is
probable that the income will be received and the amount can be measured reliably.
Where the crileria for recognilion are met in advance of grants actually being received then the income is
recognised within the statement of financial activities and amount due included within accrued income in debtors.
Where income is received in advance, il is included within deferred income in creditors until the income
recognition criteria are met.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or Constructive obligation committing the
charity to that expenditure. All expenditure is accounted for on an accruals basis and has been classified under
the headings thal aggregate all costs related to the category. Expenditure includes any VAT which cannot be
fully recovered and is reported as part of support costs.
Raising funds comprises all costs associated with raising addilional funds for Charity through vending and other
sales.
Page 22
continued...

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES- contlnued
Expenditure
Charitable activities comprise all costs direclly incurred in undertaking activities to fulfil the Charity's objects,
together with any support costs allocated in accordance with the support cost accounting policy as described
below.
Other expenditure represents those items not falling into any other heading.
Support costs include administration and head office costs nol directly attributable lo particular charitable
activities are apportioned to charitable activities as detailed in nole 8 to the financial statements.
Tangible fixed assets
Tangible fixed assets costing over £500 are initially recorded at cosl. Depreciation is provided at the following
annual rates in Order to write off the cost less estimated residual value of each asset over its eslimated useful
Leasehold Improvements
Sports equipment:
straight-line over the remaining lease term
straighl-line over10 years or
over the remaining lease term.
straight-line over10 years or
over the remaining lease term.
Cardio equipment
Resistance equipment
All olher fixtures and
equipment
Computer software
straight-line over10 years.
straight-line over10 years.
Stocks
Slocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.
Fund accounting
The unrestricted general fund represents the accumulation of the Charity's income and expenditure that has not
been earmarked for a specific projects and is not considered by the Trustees to be for a restricted purpose. To
the extent that the fund is represented by readily realisable assets it provides a means of financing the
day-lo-day operations.
Designated funds represent amounts set aside by the Trustees for a particular purpose.
Restricted funds represent the funds re￿iVed by the Charity for particular purposes as directed by the donors.
Pension costs and other post.retirement benefits
Page 23
continued...

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES. continued
Pension costs and other post.retirement benefits
Deflned contrlbution pension plan
The company operales a defined conlribution plan for ils employees. A defined contribution plan is a pension
plan under which the company pays fixed contributions to a separate enlity. Once the contribulions have been
paid the company has no further payment obligations. The contributions are recognised as an expense when
they are due. Amounts not paid are shown in accwals in the balance sheet. The assets of the plan are held
separately from the company in independently administered funds.
Defined benefit pension plan
The company operates a defined benefit plan for certain employees. A defined benefit plan defines the pension
benefit that the employee will receive on retiremenl, usually dependenl upon several factors including age, length
of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.
The assevliability recognised in the balance sheer in respect of the defined benefit plan is Ihe shortfalllexcess of
the present value of Ihe defined benefit obligation at Ihe end of the reporting date less the fair value of the plan
assets at the reporting dale.
The defined benefit obligation is calculated using Ihe projected unit credit method. annually the company
engages independent acluaries to calculate the obligation . The present value is determined by discounting
the estimated future payments using market yields on high quality corporate bonds that are denominated in
sterling and thal have temis approximating Ihe estimated period of future payments (discount rate).
The fair value of plan assets is measured in accordance with FRS102 fair value hierarchy and in accordance with
the company's policy for similarly held assets. This includes the use of appropriate valuation techniques.
Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are
charged or credited to the statement of financial activities. These amounts together with the return on plan
assets, less amounts included in net interest, are disclosed as "Remeasurement of net defined benefit liability,.
The cost of the defined benefit plan, recognised in the profit or loss as employee cosls, except where included un
Ihe cost of an asset, comprises..
i) The increase in pension benefit liability arising from employee seNi¢e during the period.. and
ill The cost of plan introductions, benefit changes, curtailments and settlements.
The net interest cost is calculated by applying Ihe discount rate to the nel balance of the defined benefit
obligation and the fair value of plan assets, The cost is recognised in the statement of financial activities as a
finance expense.
Investments in Subsidlary Undertaklngs
Investments in subsidiary undertakings are measured at cost and reviewed annually for impairment. On the basis
that the subsidiary is not material to the group, consolidated accounts have not been prepared.
Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits and olher short tem highly liquid investments that are
readily convertible to known amounts of cash with insignificant risk of change in value.
Provisions
Page 24
conlinued...

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES. continued
Provisions are recognised where the charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount
after allowing for any trade discounts due.
Flnancial instruments
Basic financial assets, including trade and other debtors, cash and bank balances and investments in term
deposits are initially recognised al transaction price.such assets are subsequenlly carried at amortised cost.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective
eviden￿ of impairmenl, Any impairment losses are recognised in profit or loss.
Basic financial liabilities, including trade and other creditors, are initially recognised at transaclion pri￿. Trade
and other creditors are measured at amortised cost using the effective interest method. Debt instrumènts are
subsequently carried at amortised cost, using the effective interest method.
Hire purchase and leasing commitments
Assets obtsined under hire purchasing contracts or finance leases are capitalised on the balano sheet. Those
held under hire purchase contracts are depreciated over Iheir estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged lo the profit and loss account on a straight line basis over the
period of the lease.
DONATIONS AND LEGACIES
31.3.25
31.3,24
Donations
15,231
14,835
OTHER TRADING ACTIVITIES
31.3.25
31.3.24
Vending & bar sales.
142,534
145,641
Page 25
continued...

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS. continued
FOR THE YEAR ENDED 31 MARCH 2025
INVESTMENT INCOME
31.3.25
31.3.24
Deposit account interest
8,018
5,748
INCOME FROM CHARITABLE ACTIVITIES
31.3.25
31.3.24
Activily
Charitable activilies
Charitable activities
Charitable activities
Charitable activities
Leisure centre income
Managemenl fee income
Membership income
Other income
1,556,105
355,817
1,249,445
10,026
1,505,109
344,350
1,198,712
12,975
3,171,393
3,061,146
RAISING FUNDS
Other trading activities
31.3.25
31.3.24
Opening stock
Purchases
Closing stock
10,940
74,702
10,941)
7,289
80,079
10,9411
74,701
76,427
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 8)
Direct
Costs
Totals
Charitable activilies
2,739,168
736,569
3,475,737
Page 26
continued,,.

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
SUPPORT COSTS
Governance
costs
Management
Finance
Other 3
Totals
Charitable activities
656,546
2,474
3,000
74,549
736,569
NET INCOMEI{EXPENDITURE)
Net incomel{expenditurel is staled after chargingllcrediting)..
31.3,25
31.3.24
Auditors, remuneration
Taxation advisory setvices
Auditors remuneration for accountancy seNices
Depreciation - owned assets
Depreciation - assets on hire purchase conlracts and finance leases
20,004
4,158
14,550
28,605
6,925
121,547
31,041
224,916
28,036
10. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended
31 March 2024.
Trustees, expenses
During the year ended 31 March 2025, one Trustee was reimbursed expenses of £270 (2024.'£Nil} for travel and
stationery expenses,
11. STAFF COSTS
31,3,25
31.3.24
Wages and salaries
Social security cosls
Other pension costs
1,643,487
95,635
39,073
1,519,098
85,035
38,107
1,778,195
1,642,240
The average monthly number of employees during the year was as follows..
31.3.25
68
73
18
31.3.24
66
66
19
BSF Contract
Dorset Contract
Aclivities
Head Office Admin Support
167
158
No employees received emoluments in eX￿sS of £60,000.
Page 27
continued...

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
11. STAFF COSTS- continued
Some employees are members of a defined benefit pension scheme, details of which are provided in note 23.
Key management personnel remuneration is disclosed in nole 25.
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
14,835
14,835
Charitable activities
Charitable activities
3,061,146
3,061,146
Other trading activities
Investment income
145,641
5,748
145,641
5,748
Total
3,227,370
3,227,370
EXPENDITURE ON
Raising funds
76,427
76,427
Charitable actlvities
Charitable activilies
3,149,078
3,149,078
Total
3,225,505
3,225,505
NET INCOME
Other recognlsed gainsl{lossesl
Actuarial gainsl(losses) on defined benefit
schemes
1,865
1,865
18,000)
18,000)
Net movement in funds
(16,135)
116,135)
RECONCILIATION OF FUNDS
Total funds brought forward
650,049
1,302
651,351
TOTAL FUNDS CARRIED FORWARD
633,914
1,302
635,216
Page 28
conlinued...

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
13. TANGIBLE FIXED ASSETS
Improvements
to
property
Fixtures
and
fittings
Computer
equipment
Totals
COST
Al1 April 2024
Additions
922,128
1,272,484
14,350
126,793
2,321,405
14,350
At 31 March 2025
922,128
1,286,834
126,793
2,335,755
DEPRECIATION
At1 April 2024
Charge for year
682,386
86,596
1,074,863
153,222
54,696
13,134
1,811,945
252,952
Al 31 March 2025
768,982
1,228,085
67,830
2,064,897
NET BOOK VALUE
At 31 March 2025
153,146
58,749
58,963
270,858
At 31 March 2024
239,742
197,621
72,097
509,460
Included within fixed assets are assels with a net book value of £4,622 (2024.. £32,658) relating to assets held
under finance lease agreements. The depreciation charged in the period in respect of assels held under finance
lease agreements amounted to £28,03612024'. £31,041).
During the year on renewal of finance leases, the net realisable value of the relating assets was reviewed. In the
prior year assets were upwardly remeasured by £54,190 to the remaining lease value.
Fixed assels, included in the above, which are held under finance leases are as follows..
Fixtures
and
filtings
COST
At 1 April 2024 and 31 March 2025
201,983
DEPRECIATION
At1 April 2024
Charge for year
169,325
28,036
At 31 March 2025
197,361
NET BOOK VALUE
At 31 March 2025
4,622
At 31 March 2024
32,658
Page 29
continued,,.

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
14. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
MARKET VALUE
At1 April 2024 and 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
There were no investment assets outside the UK.
The company's investments at Ihe balan￿ sheet date in the share capilal of companies include the following..
Incedo Limited
Registered Offi￿.. Trinity Sports Centre, Chilton Street, Bridgwater, Somerset, United Kingdom, TA6 3JA
Nature of business: Operation of sports facilities
Class of share..
Ordinary
holding
100
31.3.25
30.6.24
Aggregate capital and reserves
ProfiU{lossl for Ihe year
(2,040)
1,232)
2,040
15. STOCKS
31.3.25
31.3.24
Stocks
12,053
10,940
16. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
31.3.24
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
22,531
1,202
24,006
61,545
60,202
1,202
24,926
48,820
109,284
135,150
Page 30
continued.

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
31.3.24
Other loans (see note 191
Finance leases (see note 20)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
10,332
4,622
101,601
39,725
5,745
375,206
10,078
32,659
118,819
33,757
5,021
282,549
537,231
482,883
Included within accruals and deferred income is deferred income of £93,493 (2024,, £64,748). Deferred income
is in respect of membership fees that have been paid for in advice of the seNice delivery.
31.3.25
31.3.24
Deferred income brought Fo￿ard
Released in the year
Provided in the year
64,748
(64,748)
93,493
58,677
158,6771
64,748
Deferred income carried fO￿ard
93,493
64,748
18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3,25
31.3.24
Other loans (see note19)
7,022
17,357
19. LOANS
An analysis of Ihe maturity of loans is given below:
31.3.25
31.3.24
Amounts falling due within one year on demand..
Other loans
10,332
10,078
Amounts falling between one and two years..
Other loans -1-2 years
7,022
10,332
Amounts falling due between and five years..
Other loans - 2-5 years
7,025
Page 31
continued...

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
20. LEASING AGREEMENTS
Minimum lease payments fall due as follows..
Finance leases
31.3.25
31.3.24
Net obligations repayable..
Within one year
4,622
32,659
Non-cancellable operating
leases
31.3.25
31.3.24
Within one year
2,028
719
21. SECURED DEBTS
The following secured debts are included within creditors..
31.3.25
31,3,24
Other loans
Finance leases
17,354
4,622
27,435
32,659
21,976
60,094
The finance leases are secured on the related leased assets.
The bank loans are secured by a fixed charge over all plant and machinery and goodwill, owned now or in the
future and a Iloating charge over all other property assets and rights of the company. The loan was drawn down
in November 2020 under the provisions of Ihe Coronavirus Business Interruption Loan Scheme {CBILSI. The
loan carries interest at the rate of 2.5Q/o and will be fully repaid by November 2026.
Page 32
continued...

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
22. MOVEMENT IN FUNDS
Nel
movement
in funds
At
31.3,25
At1.4.24
Unrestricted funds
Unreslricled funds
Trinity sinking fund
Pension reserve
606,908
24,006
3,000
{210,262}
396,646
24,006
3,000)
633,914
(213,262}
420,652
Restricted funds
GAP funding
1,302
1,302
TOTAL FUNDS
635,216
213,262)
421,954
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movemenl
in funds
Unrestricted funds
Unrèstricted funds
Pension reseNe
3,337,176
(3,547,438}
3,000)
(210,262)
3,000
3,337,176
3,550,438
213,262
TOTAL FUNDS
3,337,176
3,550,438)
213,262}
Comparatives for movement in funds
Net
movement
in funds
Al
31.3,24
Al 1.4.23
Unrestricted funds
Unreslricled funds
Trinity sinking fund
Pension reserve
605,043
24,006
21,000
1,865
606,908
24,006
3,000
18,0001
650,049
{16,135)
633,914
Restricted funds
GAP funding
1,302
1,302
TOTAL FUNDS
651,351
16,135)
635,216
Page 33
continued...

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
22. MOVEMENT IN FUNDS- continued
Comparative nel movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
Unrestricted funds
Pension reseNe
3,227,370
(3,225,505)
1,865
18,000)
18,000)
3,227,370
3,225,505
18,000
16,135
TOTAL FUNDS
18,000)
16,135)
A current year12 months and prior year12 months combined position is as follows..
Net
movement
in funds
At
31.3.25
Al 1,4,23
Unrestricted funds
Unrestricted funds
Trinity sinking fund
Pension reseNe
605,043
24,006
21,000
(208,397)
396,646
24,006
21,000)
650,049
(229,3971
420,652
Restricted funds
GAP funding
1,302
1,302
TOTAL FUNDS
651,351
229,397)
421,954
A current year12 months and prior year12 months combined net movement in funds, included in the above are
as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
Unrestricted funds
Pension reseNe
6,564,546
(6,772,943)
3,000)
{208,397}
21,000)
18,000)
6,564,546
6,775,943
18,000
229,397)
TOTAL FUNDS
229,397)
Page 34
continued...

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS. continued
FOR THE YEAR ENDED 31 MARCH 2025
23. EMPLOYEE BENEFIT OBLIGATIONS
West Dorset District Council Scheme
During the year ended 31 March 2013, 1610 Limited agreed a contract to provide leisure services for Wesl
Dorset District Council, Part of this contract included the transfer of employees and their associated pension
benefil obligations, As part of the transfer agreement the defined pension obligations in respect of transferred
employees became the responsibility of1610 Limited from 1 October 2012. These pension scheme obligations at
the balance sheet date showed a surplus of £Nil (2024.. surplus of £3,000).
Within the year under review, as part of the merger negotiations it was agreed that any asset or liability held in
Ihe pension scheme would become the responsibility of West Dorset Districl Council after the final member of Ihe
scheme left.
The employer contributions expected to be paid to WDCC scheme during the period ending 31 March 2026 are
Nil {2025.' £4,000).
The assets of this defined benefit scheme were held separalely from those of the company and comprised
segregated funds of the Dorset County Council Pension Fund in respect of pension benefits provided by the
Local Government Pension Scheme (LGPS) to employees of 1610 Limited. The LGPS is a defined benefit
statutory scheme administered in accordance with Local Govemment Pension Scheme Regulations 2014. It is
contracted out of Ihe Slate Second Pension and currently provides benefits based on career average revalued
salary and length of seNice on retirement. The scheme is now closed lo new members.
The amounts recognised in the Statement of Financial Position are as follows..
Defined benefit
pension plans
31.3.25
31,3,24
Present value of funded obligations
Fair value of plan assels
(696,0001
797,000
101,000
Present value of unfunded obligations
Asset ceiling
98,000)
Surplus
3,000
Net asset
3,000
Page 35
continued.,.

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
23. EMPLOYEE BENEFIT OBLIGATIONS . continued
The amounts recognised in the Slatement of Financial Activities are as follows..
Defined benefit
pension plans
31.3.25
31.3.24
Current seNice cost
Net interest from net defined benefit
asseuliabilily
Past seNice cost
Admin costs
5,000
(1,000)
1,000
5,000
Actual retum on plan assets
34,000
Changes in the present value of the defined benefit obligation are as follows..
Defined benefit
pension plans
31.3.25
31.3.24
Opening defined benefi't obligation
Current service cost
Contributions by scheme participants
Interesl cost
Benefils paid
Transfer to local authority
Oblig other remeasurement
696,000
695,000
5,000
1,000
33,000
{7,0001
1696,000)
31,000
696,000
Page 36
continued.,.

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2025
23. EMPLOYEE BENEFIT OBLIGATIONS . continued
Changes in Ihe fair value of scheme assets are as follows:
Delined benefit
pension plans
31.3.25
31.3.24
Opening fair value of scheme assets
Contributions by employer
Contributions by scheme participants
Assels no descr
Expected retum
Benefits paid
Transfer lo local authorily
Return on plan assels {excluding interest
income)
797,000
716,000
3,000
1,000
11,000)
34,000
(7,0001
(797,000}
51,000
797,000
The amounts recognised in other recognised gains and losses are as follows..
Defined benefit
pension plans
31.3.25
31.3.24
Oblig other remeasurement
Return on plan assets (excluding interest
income}
31,000
51,000
82,000
The major categories of scheme assels as amounts of total scheme assets are as follows..
Defined benefit
pension plans
31.3.25
31.3.24
Equities
Olher bonds
Diversified Growth Fund
Infrastructure
Multi asset credit
Property
Cash
499,000
52,000
53,000
59,000
55,000
62,000
17,000
797,000
Page 37
continued...

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS . contlnued
FOR THE YEAR ENDED 31 MARCH 2025
23. EMPLOYEE BENEFIT OBLIGATIONS. contlnued
Principal actuarial assumptions at the Stalement of Financial Position date (expressed as weighted averages)..
31.3.25
31.3.24
Discount rate
Future salary increases
Future pension increases
Consumer Price Index price increase
Mortallty
Assumptions regarding future mortality experience are set based on actuarial advice in accordance with
published statislics and experience. The post retirement mortality tables adopted are the S3PA tables with a
multiplier of 90% for males and 1000/0 for females. These base tables ae then projected using the CMI 2020
Model, with an allowance for future longevity improvement of1.25% per annum, smoothing parameter of 7.5%,
an initial addition parameter of 0.5 % and a 2020 weighing of 250/0. The 2020 weighl parameter reflects the
exceptional mortality due to the coronavirus pandemic. The effect on assumed life expectancies is demonslrated
in the lable below.
The average life expeclancy in years for a member from the age of 65 are..
2025
(years)
2024
(years)
21.8
23.9
23.1
Retiring today..
Males
Females
Males
Females
Reliring in 20 years..
Demographiclstatistical assumptions:
A set of demographic assumptions that are consistent with those used for the most recent fund valuation as at
March 2024 were adopted.
24. CONTINGENT LIABILITIES
The Charity had guaranteed its payment obligations under a contract for the management of leisure facilities by
arranging performance bonds for £115,744 and £90,528 which expired in January 2025 and £29,000 and
£100,000 which expired in October 2024.
Page 38
continued,.

1610 LIMITED
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
25. RELATED PARTY DISCLOSURES
During the year the company paid for goods and seNices on behalf of Incedo Limited, a wholly owned subsidiary
to the value of £nil12024'. £1,219). A balan￿ of £1,202 (2024.. £1,202) was owing from Incedo Limited at the
balance sheèt date.
The key management of the charity comprises the Chief Execulive Officer. The total employee benefils of the
key management personnel were for the year £60,432 (2024.. £55,976}.
26. FRC ETHICAL STANDARD . PROVISIONS AVAILABLE FOR SMALL ENTITIES
In common with many other businesses of our size and nature we use our audilors to prepare and submit returns
to the tax authorities and assist with the preparation of the financial statements.
27. ULTIMATE CONTROLLING PARTY
On l August 2024 Wealden Leisure Limited, a Co-operative and Community Benefit Sociely, registration
number IP29336R became the sole member of the charitable company. All decisions are taken by the Board of
Direclors who are Trustees of Ihe charitable company. Wealden Leisure Limited has representation on the
Board of Direclors. The objects of Wealden Leisure Limited are closely aligned to those of the charitable
company, Consolidated accounts can be obtained from The Paddock, 1 6 Carriers Way, East Hoathly, East
Sussex, 8N8 6AG. Wealden Leisure Limited has charitable tax stalus with HMRC reference XR74015.
28. COMPANY LIMITED BY GUARANTEE
The company is limited by guarantee and has no authorised or issued share capital, In Ihe event of the company
being wound up members are required lo contribute an amount not exceeding £1.
29. SUBSEQUENT EVENTS
Subsequent to Ihe balance sheet date the Board has agreed Ihal the trade and assets of the charitable company
will be transferred to the parent once Charity Commission authorisation has been granled.
Page 39