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2023-03-31-accounts

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BH LIVE

(A company limited by guarantee)

Charity number: 1138311

BH Live

Registered number: 07092112

Trustees' report and financial statements

For the year ended 31 March 2023

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BH LIVE

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 1 - 2
Trustees' report 3 - 20
Independent auditors' report 21 - 24
Consolidated statement of financial activities 25
Consolidated balance sheet 26
Company balance sheet 27
Consolidated statement of cash flows 28
Notes to the financial statements 29 – 50

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BH LIVE

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees

Paul Collins (Chair) Philip Dewhurst Lyn Glass Sandra Graham Councillor Stephen Bartlett Jane Kelly (appointed 4 August 2022) Alun Williams (appointed 25 August 2022) Simon Richards (appointed 14 March 2023) Rob Christie (appointed 18 May 2023) Martin Kimberley (resigned 22 September 2022) Robert Boulton (resigned 31 August 2022) Cllr Mohan Iyengar (resigned 4 August 2022) Michael Wright, Chair (resigned 5 May 2022)

Company registered number

07092112

Charity registered number

1138311

Registered office

Bournemouth International Centre Exeter Road Bournemouth Dorset BH2 5BH

Company secretary

Stephen Lane

Independent auditors

Mazars LLP Chartered Accountants Statutory Auditor 5th Floor, Merck House Seldown Lane Poole Dorset BH15 1TW

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BH LIVE

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Bankers

HSBC Plc PO Box 10 59 Old Christchurch Road Bournemouth Dorset BH1 1EH

Solicitors

Devonshires Solicitors LLP 30 Finsbury Circus London EC2M 7DT

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BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees, who are also directors of the charitable company for the purposes of the Companies Act, present their annual report together with the audited financial statements of the group and the company BH Live and its subsidiary for the year 1 April 2022 to 31 March 2023, which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The Trustees confirm that the annual report and financial statements comply with the current statutory requirements, the requirements of the governing document and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and policies

BH Live has been established for the benefit of the public for the following purposes:

• To provide or assist in the provision of facilities and services for recreational, sporting or other leisure time occupation in the interests of social welfare, such facilities being provided to the public at large save that special facilities may be provided for persons who by reason of their youth, age, infirmity or disability, poverty or social or economic circumstances may have need of special facilities and services; and/or

Achievements and performance

BH Live’s vision of Creating Opportunities, Inspiring People and Enriching Lives represents the ambition of:

BH Live's priorities for 2022/23 were:

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BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Social Impact & Public Benefit

Sport, Recreation and Leisure

BH Live Active operated eleven centres in the year with six facilities in Portsmouth and five across Bournemouth and East Dorset. Queens Park Leisure Centre remained closed during 2022/23 with existing members using other BH Live sites as part of our multi-site offer. We used this period of closure to invest in the centre and we successfully reopened Queens Park in July 2023.

Over the last year, our membership numbers have increased 23,520 to 24,416, we achieved growth across all sites. BH Live held various membership and sales campaigns throughout the year, encouraging customers to join without having to pay a joining fee. Membership numbers are still below pre pandemic levels although are in line with industry average. Between January to March 2023, BH Live sites generated 5,689 new sales, contributing to a net growth of over 2,000 during this period.

Our BH Live Active membership base is made up of:

55+
45-54
35-44
25-34
16-24
Under 16		 Age
5,396
22%
3,826
16%
4,724
19%
4,965
20%
3,661
15%
1,844
8%
24,416

BH Live regularly analyses its age and gender demographic for each centre to ensure our programme mix, promotions and other initiatives targets under achieving groups and enhances the experience for our existing customers.

Young People

BH Live have delivered school swimming classes to 64 local schools in Bournemouth and Portsmouth working towards the three Key Stage 2 National Curriculum outcomes for school swimming. Our school partnership has increased over the last 12 months with schools also regularly attending our facilities for their “dry side” PE lessons. Most notably at Wimbledon Park in Portsmouth, with Mayville school using the facility for over 20 hours per week.

We continued to support local swim clubs in Bournemouth and Portsmouth through subsidised pool hire and access.

We continue to offer free swimming for children aged 8 and under in Bournemouth and East Dorset and children aged 12 and under in Portsmouth.

Littledown & Mountbatten Centres both hosted a number of swimming galas during the year in association with the swim clubs and schools. Mountbatten’s 50m galas operated a few times last year, in particular for Portsmouth’s Northsea Easter Meet that sees many clubs competing over the Easter weekend.

Junior activities programmes have continued to increase in participation with over 500 more swimmers across Bournemouth pools and 367 more in Portsmouth. Swim programmes are operating at over 94% capacity, which is very positive, however this does make it a challenge to increase numbers further due to a nationwide shortage of swim teachers.

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BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Gymnastics, tennis and Littledown Juniors programmes all saw growth over the last 12 months with encouraging demand continuing.

2022/23 Junior Activity Programmes

Centre/Programme Apr-22 Mar-23 Netgrowth Occupancy%
Swimming Lessons
Littledown 2,010 2,245 235 94%
Pelhams 970 1,148 178 97%
Stokewood 660 776 116 95%
Corfe Mullen 171 205 34 96%
Bournemouth total 3,811 4,374
Mountbatten 1,927 2,268 95%
Charter 222 248 26 84%
Portsmouth Total 2,149 2,516 367 94%
Total 5,960 6,890 930
Tennis Coaching 277 280 3 95%
Recreation Gymnastics 877 946 69 85%
Gymnastics Squad 105 150 45 97%
Pre School Gymnastics 240 264 24 91%
Total 1,222 1,360 138
2022-23 Season Course Actual Target Variance
Littledown Juniors Football Sep- Mar 716 650 66

During the year we run holiday activity camps during school holidays to help working parents in both Bournemouth and Portsmouth. With the support from Portsmouth City Council, we obtained Holiday Activities and Food (HAF) funding to support children who have access to free school meals to attend our holiday activities, our holiday camps are available for both HAF children and kids under the age of 14.

Portsmouth Gymnastics Centre continued to be popular in the community and has over 1,300 participants attending each week. BH Live support the running and delivery of Portsmouth Gymnastics Club where the participants are often seen competing for medals at regional and national competitions.

BH Live has strong partnerships with a number of national governing bodies to deliver their junior framework, these include Swim England, British Gymnastics and the LTA (Lawn Tennis Association).

BH Live’s play and bounce facility (Exploria) at the Pyramids Centre, Southsea opened in 2021. Exploria admissions have continued to be strong during the autumn/winter months with weather being a key factor in reduced usage over the warmer summer months. A total of 89,515 paid admissions over the last 12 months with 1,070 parties delivered, averaging 89 parties per month across the year.

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BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Health & Wellbeing Overview

Our Health & Wellbeing programmes target several diverse groups including those with long term health conditions, over 50’s, low-income families and BAME groups. According to the latest DataHub & 4Global data, the BH Live’s sites across Bournemouth & Portsmouth are generating a social value of over £12.5 million. £9m in Bournemouth and £3.5m in Portsmouth.

Our long-term health condition schemes are operating at approximately 140% of pre pandemic levels with over 400 members in Portsmouth and 565 in Bournemouth. We have seen an average of over 2,000 unique users per week attend our long-term health condition sessions, classes and social events.

We have also received over £50,000 worth of funding initiatives to deliver schemes, working closely with Active Dorset, EnergiseMe, Sport England, Parkinson UK, BreathEasy and the Portsmouth City Council’s public health team.

Across Bournemouth & Portsmouth we have over 10 contracted exercise referral advisors with a variety of qualifications, ranging from level 4 exercise referral, COPD qualification, ESCAPE pain, pre/post cancer, pre/post-natal, swim teaching, stroke rehab and much more.

Health & Wellbeing - Portsmouth

In Portsmouth, we have extended our partnership and funding work to deliver the city’s stroke rehab sessions, we have also extended our offer for Parkinsons sessions to include two weekly swim sessions. This is in addition our current group exercise and gym sessions.

Let’s Bounce Back is a Portsmouth City Council initiative that encourages healthy and sustainable weight loss through weekly classes around Portsmouth. BH Live receive funding to provide residents with a 2-month complimentary membership at BH Live centres, this includes a consultation and programme from an Exercise Referral instructor. We have had over 250 users on the weight management initiative, with over 50% continuing to use the facilities and join BH Live Active as a member after the initial 2-month trial.

Our Pyramids wellbeing class offering has increased with an additional COPD class and mental health assisted gym session, this is an addition to the already setup exercise referral scheme.

Headway is the UK-wide charity that works to improve life after brain injury by providing vital support and information services. Headway is a resident at Mountbatten Centre, and we partner with them to provide weekly gym and tennis sessions. Due to the popularity, we have launched a new seated chair class for this group.

Mountbatten Centre has been running three ESCAPE pain courses each week that target those with osteo arthritis of the knee and hip. Mountbatten has had individuals who have joined the course being inactive but can now be seen using the gym up to 4 times a week, at classes or swimming. This is testament to how effective the course is at both improving outlook of those people with Osteoarthritis and as a pathway to the wider activities that Exercise Referral can offer customers, for example our Osteo circuits, low-impact circuits, and GP aquafit classes, which are well attended weekly. Alongside the physical benefits exhibited from the course, it also allows socialisation and group discussion on all topics surrounding Osteoarthritis.

Walking Football is operating at the Mountbatten Centre with over 50 players each week. Walking Netball was a new initiative we launched at Wimbledon Park Sports Centre in Portsmouth in September 2022, and we are delivering two sessions per week.

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BH LIVE

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

TOFFs (Portsmouth’s over 50’s group) has continued to grow since we started operating the group. TOFFs have gym sessions and sports hall activities including badminton and tennis. Nordic Walking operates in Portsmouth with two sessions per week, one based on Mountbatten and another in Pyramids. These are instructor led sessions that are very popular.

Our Portsmouth interaction scheme has over 100 users attending at least one session a week across the region. We are averaging around 20 new referrals per quarter. Sessions take place at Mountbatten, Wimbledon Park, Charter, Tennis centre and other community locations.

In Portsmouth we have completed a soft launch of the Paediatric referral scheme, starting to take referrals for complications with excess weight for those under 16 years old.

Highbury College in Portsmouth have set up sessions for their SEND unit. We have engaged them in Tennis, Glo in the Dark Sports sessions, and Clip n Climb sessions. We have over 20 teenagers a week attending.

We now have a consistent group attend our SEND Adult Gymnastics Class at the Portsmouth gymnastics centre who attend every week. Our structured SEND gymnastics class is also fully booked with 14 gymnasts.

The SEND sessions at Exploria continue to provide an exclusive and safe space with approximately 60 children attending each session.

We also operate two visually impaired tennis sessions and a gym session across Portsmouth with those with sight difficulties.

We operate our disability swim session in partnership with Portsmouth Penguins at Charter. We see on average around 20 users every Sunday.

Health & Wellbeing - Bournemouth

Over the last year, Bournemouth health & wellbeing team delivered over 700 appointments with 150 of them being for BACSUP (Bournemouth After Cancer Survivorship Programme).

In the last year, our GP Referral membership base has grown to 565 from 180 members. This is an increase of over 200% (385 new members).

BH Live have also invested in the health & wellbeing team by supporting training qualifications. CPD has enabled the team to deliver to a wider range of people. Training has included Level 4 Cancer Rehab, Level 2 Pre & Post Natal, Group Exercise training to deliver varied classes and coming up we have Level 4 Neurological Conditions & Level 4 Pulmonary Rehab.

Girls Get Strong is a scheme funded by Active Dorset through Sport England’s ‘Together Fund’, a project for teenage girls aged 14 and 15 to help get them more active. Each school is offered a 6-week block of sessions to invite students who they feel need support to get motivated to move more and gain confidence in themselves. During the 6 weeks two instructors deliver a variety of different activities such as dance, circuits, spinning and the gym; empowering the girls to take control of their fitness and giving them the confidence to continue once the project is completed. The feedback has been great so far from both the schools and the girls involved. We hope to able to reapply for funding next year. We have 5 schools this academic year with up to 100 children invited.

Keep Fit Stay Young was funded by Active Dorset through Sport England’s ‘Together Fund’. A project for older adults to attend weekly low impact fitness classes in community settings. These classes are targeted at people who have long term health conditions or are new to exercise. By taking a small subscription fee each week, we are able to reinvest this into the project and keep it going beyond the funding. We have 3 classes, and we see around 30 participants a week.

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BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Beat the Pause was funded through ‘Sport England’s ‘This Girl Can Community Funding’. A project for women going through the peri/menopause. We have been delivering three weekly classes in community settings and hosting mini events such as pelvic floor workshops with afternoon tea, forest bathing and paddleboarding. The funding for this scheme finished in December 2022 but thanks to the subscriptions we collected during the year we plan to continue with this project for as long as possible. Many attendees have now joined BH Live Active as members but continue to come to the community classes. Instructing small groups means they have all become friends and support each other. Over the year we saw 320 different ladies and delivered over 200 hours of activities,

We All Live in Kinson (WALK) fund was awarded for community classes pre COVID but due to the generous amount received we have been able to continue classes in two venues for several years now. Heavily discounted to participants and hosted in our more deprived wards participants are generally older adults. Across the 2 classes we see approximately 30 people a week.

The CHAIN (Cycling Against Hip Pain) project is funded by the NHS, and we work closely with them and Sport BU (Bournemouth University). Participants attend a weekly educational session helping them to manage hip pain followed by a studio cycling class delivered by BH Live staff, each course is for 8 weeks. This was initially a pilot project (although has been running for over 8 years) but is due to finish this summer. Each course has approximately 12 people on it.

CiN (Children In Need) Holiday Clubs are holiday clubs for children with autism. These holiday clubs have been funded for the last 3 years through BBC’s Children in Need funding. We deliver holiday clubs to small groups of children aged 10-16 and provide them with the support they require to be themselves, this could be 1-2-1 or 2- 2-1 support if needed. Children range from high functioning Asperger’s to a child who may be nonverbal with other health conditions. Over the last year we have supported almost 200 children.

Every year we support Linwood School and teach two groups of 16 children, over a period of 5 weeks each, to use the gym and create their own gym sessions. We teach them how to use all the equipment and educate them about exercise and its effect on the body. The school pays for these sessions, and they go towards the students gaining a basic qualification.

Communities Against Cancer was a small funded project allocated for a one-off project for 15 people. The project lasted 6 weeks and each week through workshops and activity we helped to educate the participants on the best ways they could try to help themselves to stay cancer free.

Events Programme

Events across Bournemouth have had its first full year since the pandemic. Our Littledown family fun day attracted thousands of families, residents, and members to the event, the first one since 2019. Littledown Fireworks was a success with over 5,000 tickets sold across three displays. Our usual swimming galas, dance competitions and outdoor cinemas were all well attended.

In Portsmouth, the events programmes have been busy with the usual swimming galas (14 over the year including 50m meets), 8 x dance competitions, 6 x LTA tennis tournaments, Regional (Hampshire) athletics events and gymnastics competitions. The summer months also saw us host our first outdoor cinema experience that was popular with another arranged for 2023. We hosted 9 boxing/MMA boxing events with no licensing incidents. We also delivered bespoke events this year including Robot Wars, Portsmouth Tattoo festival and Royal Marines Band practise.

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BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Culture and Arts

The financial year 2022/23 showed a strong return to business-as-usual post COVID-19. Consumer confidence appeared to return demonstrated by strong attendance figures and good ticket sales.

Bournemouth International Centre

The BIC hosted 96 performances, an increase in of 20 performances on the previous year with a corresponding increase in tickets sales of approximately 46,000.

BIC 2022-23
Total		 2021-22
Actual		 Variance
Number of Events 96 76 20
Number of event ticket
sales		 215,056 168,658 46,398

20 performances sold-out including artists such as Bob Dylan, Florence and the Machine, Ricky Gervais, Fatboy Slim and Micky Flanagan. Micky Flanagan had a short-run on-sale in February 2023 and successfully sold out his 3 shows for the following month. A further 20 performances sold over 80% of their capacity.

The genre mix shows that Rock, Pop & Classical as well as Dance & Variety represented a large proportion of the programme with a strong combined share of 60% of the number of performances. Rock, Pop & Classical showed particularly strong attendances with 49% of total sales.

Genre Perf.
(%)		 Sales
(%)
Comedy 10% 15%
Dance & Variety 28% 13%
Musical Theatre & Plays 6% 6%
Other 3% 4%
Rock, Pop& Classical 33% 49%
Sport & Leisure 20% 13%
100% 100%

Additionally, outside of the performance programme the BIC presented the Cool Coast Ice Rink which ran over December 2022 to February 2023. The event encourages people to exercise and become more active whilst taking part in an enjoyable activity. Over the open period 290 sessions took place with approximately 40,000 attendances. The attendance showed a positive increase in activity participation rates, compared to the previous year of 28%.

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BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Concessions were, where possible, applied to a number of performances and over the year with 3,601 tickets issued as concessions. Of these 950 were issued to essential companions, at zero cost, to increase accessibility and enable the individuals who require assistance to come to the performances. The essential companion concession applies to all performances and is subject to availability.

Pavilion Theatre

The Pavilion Theatre hosted 256 cultural performances, 104 performances more than the previous year with approximately 82,000 additional attendees.

Pavilion 2022-23
Total		 2021-22
Total		 Variance
Number of Events 256 152 104
Number of event ticket
sales		 172,636 90,339 82,297

The genre mix of these performances can be seen below. The figures indicate that there was a mixed programme of events hosted. Sales across all genres appears consistent with sales percentage closely following the performance mix.

Genre Perf.
(%)		 Sales
(%)
Comedy 12% 12%
Dance & Variety 12% 11%
Musical Theatre & Plays 20% 21%
Other 5% 7%
Pantomime 17% 17%
Rock,Pop& Classical 32% 32%
Sport & Leisure 2% 0%
100% 100%

Ten performances sold out including artists such as Sarah Millican, Steve Backshall, Frankie Boyle and the Jurassic Live UK Tour. 28 performances also sold over 80% of their capacities. The overall occupancy rate across all performances being 5% higher than the previous year.

The Pavilion Theatre and Ballroom hosted 56 subsidised community events over 65 days with approximately 25,000 patrons attending. BH live subsidised these events to a value of £234,441 reducing rentals to an accessible community rate to promote community use and engagement whilst also directly hosting and producing community events.

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BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

A total of 29,300 concessionary ticket were issued for Pavilion Theatre performances over the year. Of these 1,663 were for essential companion tickets issued at no charge to the attendee.

Fairfield Halls

The year continued to be challenging as Fairfield Halls relaunched for a third time in as many years.

During the year there were 160 Performances with approximately 83,200 tickets sold and achieving an average 55% of capacity. We held 750 community sessions, events and classes led by our Resident Companies. The genre mix of performances is listed below:

Genre Perf
(%)		 Sales
(%)
Comedy 9% 15%
Dance & Variety 13% 10%
Musical Theatre & Plays 12% 8%
Recording 3% 3%
Rehearsal 1% 2%
Pantomime 24% 22%
Rock, Pop& Classical 38% 40%
100% 100%

The major events that took place during the year were English National Opera, ‘I’m Sorry I Haven’t a Clue’ Jools Holland, Alan Carr, Dara O’Briain, Jack Whitehall, Nick Cave, Romesh Ranganathan, Armenian State Symphony Orchestra, all added a real sense of quality to the entertainment programme.

BH Live operates the only Yamaha Music School franchise in London. Fairfield Halls’ music education courses were in great demand during the year, and we have invested in equipment to enable the capacity for piano/keyboards classes to double and also for the addition of flute and drum classes. Since the start of the academic year to our latest intake of students we have seen a growth of 152%

In addition to music education, we have also launched a brand-new community choir, ‘Croydon Voices’ which at the end of the year had 60 members.

We continued to work with our partners at London Borough of Croydon including being an active member of the Steering Committee for London Borough of Culture.

Corporate Responsibility

Energy Procurement & Pricing

The energy crisis continued to be a main focus with energy costs increasing to record highs through 2022 and only starting to fall in March 2023. BH Live’s existing price offset much of the cost increases for the first 6 months of the financial year however, the pre purchased energy baskets ran out in October 2022 and BH Live reverted back to variable monthly block and “day ahead” rates for the balance of utilities not purchased in advance for the period Oct 22 - Mar 23. This in turn has led to an increase in the final year p/KwH average compared to our budget. Market prices have fallen from highs, although are still much higher than our current contract.

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BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

More accurate and robust utilities invoice approvals have been developed and implemented by Technical Operations and the Finance Team. The Automatic Meter Reading (AMR) project has now been implemented with AMR now extended to Gas metering. Simplified monthly energy reporting on management account figures and comprehensive data reporting on Power BI are now available to all Managers.

Streamlined Energy & Carbon Reporting (SECR)

BH Live reports on the Greenhouse Gas (GHG) emission sources as required under the Streamlined Energy and Carbon Reporting (SECR) legislation. The methodology used to calculate our GHG emissions and energy use is the GHG Protocol Corporate Accounting and Reporting Standard (revised edition), this is where BH Live operates the facility. Data has been calculated using BEIS 2021 emission factors for all carbon streams, Intensity measurement (tonnes CO2e per floor area sq. m).

Global GHG emissions Data 2021-2022
(1 April 2021to 31 March 2022)		 2022-2023
(1 April 2022to 31 March 2023
Scope 1 Tonnes CO2e
Combustion of fuels 2,209.8 2,097.7
Fleet Vehicle fuels 8.1 9.0
Scope 2
Electricity Generated 1,341.9 1,325
Scope 1 & 2 TOTAL Emissions
from Purchased Gas,
**Electricity, and Vehicle Fuel **		 3,559.8 3,431.7
Intensity ratio CO2e/sq. m* 0.03834 0.036967
Scope 3
Electricity Transmission &
Distribution		 118.8 121.2
Private Passenger Vehicles 10.2 11.5

Data excludes the Mountbatten Centre, the emissions from this centre are reported by Portsmouth City Council

Scope 1: Emissions associated with our direct activities, such as heating our Centres & Venues and running our fleet of vehicles. 3. This also includes 55.7 tonnes of CO2 emitted from temporary diesel fuelled generator located at Littledown Centre

Scope 2: Emissions from the electricity we purchase, excluding Solar PV on our buildings that is purchased from a third party.

Scope 1 & 2 energy emissions are primarily calculated from online metering profiling data

Scope 3: Emissions from our indirect activities under our operational control or operational influences, e.g., business travel that is not in company owned cars, calculated from mileage claims using average car data. Electricity transmission & distribution (T&D) Waste & Water

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BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Energy Efficiency Actions

BH Live started on ‘Green Mark’ environmental level 1 accreditation. Four Centres achieved accreditation & remaining nine centres have made good progress. This is led by the Environmental Champion at each site

Centre Managers are now involved with energy management. They receive monthly energy reports including operational & technical actions

Swimming pool covers were installed at Littledown Centre & one cover at Stokewood Leisure Centre. Another two pool covers have been ordered for Pelhams Leisure Centre

The pool hall lighting at the Littledown has been replaced with LED

The remaining floodlighting of the Littledown Centre outdoor pitches has been replaced with LED

On site generation of pool disinfectant (Chlorine) has been installed at Pelhams

The quantity of recycling bins has been increased

Energy KPI’s

Using 2017 -18 as a base line for energy & emission reduction following has been achieved: -

Portsmouth City Council Centres 29%: usage reduction in KwH & 41% reduction in CO2 emissions

Bournemouth, Christchurch & Poole area Centres & Venues: 25% usage reduction in KwH & 34% reduction in CO2 emissions

Fairfield Halls (using 2021-22 as base line) 4 % usage reduction in KwH & 7% reduction in CO2 emissions.

The hospitality department are looking at all ways to reduce our carbon footprint including sourcing local fresh produce, reducing our plastic takeaway products by using recyclable and biodegradable consumables. Our main preferred suppliers for food, drink and consumables such as Bidfood, Matthew Clark, Greene King all have their own carbon reducing schemes, which are detailed on the company websites.

BH Live uses the Belu brand for bottled water. Belu has a great ethos; they invest 100% of their profits to provide third world countries with clean drinking water and are committed to United Nation Sustainable Development Goals (clean water and sanitation, responsible consumption and production, climate action). The impact BH Live has made with Belu during 2022 is that we made a saving of 9.1 tonnes of Co2e by stocking Belu just in 2022 alone.

Trading Subsidiary

BH Live as a social enterprise continues to operate commercial activities through its trading subsidiary which directly support the charitable activities.

This year was the first full year of trading for conferences after the pandemic related Government restrictions. During the year we hosted 48 events including conferences, exhibitions, graduations, awards, and competitions. These events welcomed approximately 44,300 delegates and visitors and generated approximately 50,000 delegate bed nights to the local economy supporting local businesses and employment.

During the year we successfully expanded the seasonal visitor offer during the summer months on the Pavilion South Terrace including a new attraction with the Upside Down House, live music, and an extended bar, food and outside seating area. In addition to providing a popular facility to residents and visitors to Bournemouth this has generated additional trading income to be reinvested into the charitable activities and venues.

We continue to support Business Events Bournemouth, which is the region's business tourism bureau, venue and hotel finder, in partnership with BCP (Bournemouth, Christchurch and Poole) Council and Bournemouth's Business Improvement Districts (BID), Coastal BID and Town Centre BID.

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BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Expansion and Investment

During the year we launched or invested into the following:

Financial Review

Results for the year ended 31 March 2023

BH Live reported a surplus for the year of £569,175, this being our first full year of operation following COVID19 lockdowns and restrictions in opening some of our venues. Total income increased by 23.5% to £42.4 million with our income for charitable activities also showing an increase of 29% to £38 million. The year’s income was generated through our charitable and trading activities only, there was no grant funding received in the year.

The trading subsidiary, BH Live Enterprises Ltd recorded a profit of £1,489,653 which is gift aided to the Charity.

Most expenditure incurred by BH Live is directly related to the activities, building maintenance and services provided to customers and clients. Additionally, BH Live invests in developing its facilities, staff, sports and cultural programming and infrastructure to increase activity, attendances and customer experience.

Going Concern

BH Live has continued to recover well following the restrictions placed on our venues during the COVID-19 pandemic, this financial year being the first with all our venues fully open for the whole period and seeing a growth in income for both our charitable and trading activities.

The result was a surplus for the year with reserves increasing back to £1,070k.

Looking forward to 2023/24 and beyond the BH Live Board and senior leadership team are confident that the business will continue to see an increase in participation in our sporting and leisure activities and attendance to our events and venues, however with pressures of energy prices, staff costs and generally the effect of cost of living pressures we have continued to take a cautious view with budgeting a small surplus.

The first quarter of 2023/24 BH Live has reported a small loss however this is much better than budgeted and quarter 1 reforecast is also showing an improved year end surplus. However, challenges remain because of the cost of living crisis and increased energy, staff, and other costs.

The BH Live Board approved the full repayment of the £5m CBIL (Coronavirus Business Interruption Loan) during the year, as cash/bank balances remained strong with £7.3 million recorded at year end. A significant amount of the balances has been invested in low-risk bank deposit accounts.

The Board of Trustees therefore remain confident that the business has a promising future.

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BH LIVE

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Reserves policy

The Trustees regularly review BH Live's Reserves Policy. The Trustees have approved a Reserves Policy in line with the guidance issued by The Charity Commission. The purpose of these reserves is to safeguard both against significant loss in income and any unforeseen adverse circumstances and to facilitate the continuance of the deliverance of the charitable company’s stated objectives.

BH Live operates four distinct areas of business, Sport and Leisure, Conferences and Exhibitions, Entertainment and Hospitality. Prior to COVID-19 an internal risk assessment deemed that the probability of all areas of the business being impacted by a significant loss in income and/or any unforeseen adverse circumstances at the same time was minimal. Based on this, a prudent estimation of reserve cover was one month’s expenditure of the largest turnover-based business unit, equating to a reserve level of £1.5 million. At the end of the year the group held reserves of £1,070k.

Looking forward our reserves policy will be to rebuild our reserves to a much higher level to protect the business from future shocks. Our aim is to build up reserves in excess of £5 million to cover the amount of advance ticket sales that BH Live collect. This will take many years to deliver and will affect business decisions ensuring that the rebuilding of reserves is a priority as we grow back the business.

Investment policy

Funds that are not immediately required for operational needs and cannot be applied to either reduce existing borrowings or avoid the raising of new borrowings will be held in cash and invested in short term bank deposit accounts or money market accounts.

Investment income shown in the account represents short-term investments in either bank deposit accounts or the Money Market.

Strategies and policies

The Business Plan and budget for 2022/23 year was approved by the Board in March 2022, as this was the first full year of operation following COVID the plan focussed on the objectives for the year but also covered the longer term ambitions and themes.

Performance against the business plan and budget is reported to the Board on a quarterly basis and the strategy is reviewed on an annual basis.

Budgetary control is supported by documented internal procedures which include the approved delegation of investment, purchases and contracts/leases.

Risk

The major risks to which the Trust could be exposed to have been reviewed and systems established to mitigate these risks, this includes developing the strategic risk register which includes consideration of impact and remedial actions. The register is continually reviewed and revised; staff also receive training in undertaking risk assessments. The strategic risk register has been presented each Board meeting.

The Trust is not exposed to currency risk and has minimal exposure to interest rate risk, price risk or market risk.

Negotiations with our primary partners to de-risk our commercial exposure by way of surplus share mechanisms have been met positively.

15

DRAFT

9/2/2021 12:25

BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Senior Leadership Team

BH Live’s Senior Management structure was reviewed in October 2022 with the above structure implemented. This provides for clear accountability of roles and encourages collaboration at the most senior level.

Senior Leadership Team Renumeration Policy

The pay and remuneration of the Chief Executive is determined by the Board of Trustees. The remaining Senior Leadership Team members are remunerated in line with the complexity of the role (as determined through formal job evaluation) benchmarked industry rates and business affordability.

Employee Involvement and Employment

Building on the foundation work from previous years, further investment in time and resource has been given to the HR and Payroll platform. This has enabled the implementation of an online rota and scheduling tool to be launched incorporating time and attendance functionality. Not only supporting the business priority of digital transformation, this also supported the environmental strategy (reduce printing and posting) and the employee brand; a more streamlined and focused approach to view and monitor rota attendance and pay. Recognising the challenge our flexible workforce has in waiting for their hours to be paid in arrears, we have launched an online portal “Early Pay”, a way to draw down against banked earnings in advance of pay day.

An engagement survey in Autumn 2022 told us that colleagues;

Results were shared within the organisation and action plans created to address areas. These areas have informed the strategy for people activity over the next 12 months, seeing the launch of a reward platform and relaunch / rebrand of the Joint Consultative Committee.

The business values and behaviours launched in March 22, are gaining traction across the organisation, and are reflected in our recruitment process and performance management cycle.

16

DRAFT

9/2/2021 12:25

BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Learning and Development

The last 12 months has seen the pilot of a series of toolbox talks to help upskill our frontline management team. This has been successful and will be rolled out across the wider business over the next 12 months.

Learning Zone, our online learning platform has received an increase in usage with more online courses and corporate inductions being completed. All roles in BH Live have been allocated a training pathway identifying the essential training linked to the role requirements. Our use of Learning Zone was recognised by the training provider at their annual awards, with BH Live receiving the award for “Best Use of an LMS System”.

Equality and Diversity

A suite of policies is in place and reviewed regularly to support the people agenda including Equality and Diversity, Health and Safety and Safeguarding.

Responsibilities under the Equality Act 2010 are fulfilled. Aligned to our Equality and Diversity policy are longstanding fair employment practices in recruitment selection and retention, and training for a diverse audience. We consider our style and approach when communicating with colleagues where reasonable adjustments can be beneficial, such as engaging sign language interpreters.

BH Live has met its obligations in publishing the Gender Pay Gap reports, copies of which are available on our webpages.

Plans for future periods

Future developments

Strategic direction

We are committed to focusing on the core business areas as the foundation of future strategy. We continue to focus on two key themes:

17

DRAFT

9/2/2021 12:25

BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Our priorities and goals

Our six headline goals to deliver our organisational vision are to:

Investment priorities

The business plan details the investment and resources required to support the vision and goals of the organisation. Planned investments include:

Structure, governance and management

Constitution

BH Live is a registered charity, charity number 1138311 and a company limited by guarantee, company Number 07092112. BH Live (Enterprises) Limited, Company Number 07175626 is a wholly owned trading subsidiary of the parent organisation, BH Live. It has been established to manage the non-charitable activities, primarily relating to Conferences and Exhibitions.

The composition and size of the Board is reviewed regularly to assess the skills requirement of the Board for it to meet the needs of the charity. The Board of Trustees was set up through a mix of identified skill sets, through open adverts in the press and BCP Council (formerly Bournemouth Borough Council) nominees.

Replacement Trustees are recruited in a similar manner. The Board meets at least four times per year, with a Designated General Meeting normally being held in September of each year.

BH Live has a policy of arrangements under which potential conflicts of interest can be recognised and managed. The purpose of these arrangements is to avoid any danger of Trustees being influenced or appearing to be influenced by their private interests in the exercise of their Trustee duties.

A register of Trustee’s relevant interests is maintained. In addition, a standing item of all Board and Committee meetings requires Trustees to declare interests if they have an interest, pecuniary or otherwise, in any matter being considered. The Board or Committee will then decide whether it is appropriate for the Trustee to participate or withdraw from the meeting.

18

DRAFT

9/2/2021 12:25

BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Trustees

The Trustees (who are also directors of BH Live for the purpose of company law) are responsible for preparing the report of the trustees and the financial statements in accordance with applicable law and regulations.

Those that served during the year ended 31 March 2023 and at the date of the report were: Paul Collins (Chair) Philip Dewhurst Lyn Glass Sandra Graham Councillor Stephen Bartlett Jane Kelly (appointed 4 August 2022) Alun Williams (appointed 25 August 2022) Simon Richards (appointed 14 March 2023) Rob Christie (appointed 18 May 2023) Martin Kimberley (resigned 22 September 2022) Robert Boulton (resigned 31 August 2022) Cllr Mohan Iyengar (resigned 4 August 2022) Michael Wright, Chair (resigned 5 May 2022)

Trustees have no beneficial interest in the charitable company.

Sub committees include the Audit & Oversight Committee, and its members are listed below: Sandra Graham (Chair) Lyn Glass Paul Collins (Chair of BH Live Board) Alun Williams (Chair of BH Live Enterprises Board) Jon Workman (Chief Executive) Stephen Lane (Associate Director of Finance)

During the year there were regular management meetings to review progress and performance against business plan objectives, goals and financial performance against budget, a list of attendees is below: Jon Workman (Chief Executive) Teresa Beckingham (Associate Director of HR) Roy Clarke (Head of Technical Services) Rob Cunningham (Associate Director of Leisure) Steve Lane (Associate Director of Finance) Steve Turner (Associate Director of Bournemouth Venues) Jonathan Higgins (Associate Director of Fairfield Halls) Mathijs Pol (Head of Hospitality) Ed Thomas (Head of Finance) Cee Chan (Head of IT) Elizabeth Symmons (Head of Marketing)

Trustee Induction, Training and Development

New Directors/Trustees undergo an induction session with the Chief Executive and/or Associate Director of Finance/Company Secretary to brief them on their legal obligations under Charity and Company Law, the contents of the Memorandum and Articles of Association and the decision-making processes at Board meeting and Committees. They are provided with an induction pack and site visits and guided tours to all venues within the organisation. Training for Trustees is regularly monitored and reviewed. A Board appraisal exercise is undertaken on an annual basis.

19

DRAFT

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BH LIVE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Trustees' responsibilities statement

The Trustees (who are also directors of BH Live for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the group for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company and the group's transactions and disclose with reasonable accuracy at any time the financial position of the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Provision of Information to Auditor

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

This report was approved by the Trustees, on 5 October 2023 and signed on their behalf by:

Paul Collins (Oct 24, 2023 16:49 GMT+1)

Paul Collins, Chair

20

DRAFT

9/2/2021 12:25

BH LIVE (A company limited by guarantee)

Independent auditor’s report to the members of BH Live

Opinion

We have audited the financial statements of BH Live (the ‘parent charity’) and its subsidiary (the ‘group’) for the year ended 31 March 2023 which comprise Consolidated Statement of Financial Activities incorporating the Income and Expenditure Account, the Consolidated Balance Sheet, the Company Balance Sheet, The Consolidated Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies.

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the “Auditor’s responsibilities for the audit of the financial statements” section of our report. We are independent of the parent charity in accordance 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 obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the parent charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Trustees’ Report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained

21

DRAFT

9/2/2021 12:25

BH LIVE (A company limited by guarantee)

Independent auditor’s report to the members of BH Live

within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information 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 appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In light of the knowledge and understanding of the group and the parent charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors’ Report included within the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the trustees’ responsibilities statement set out on page 21, the trustees (who are also directors of the parent charity 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 to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

22

DRAFT

9/2/2021 12:25

BH LIVE (A company limited by guarantee)

Independent auditor’s report to the members of BH Live

In preparing the financial statements, the directors are responsible for assessing the parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

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.

Based on our understanding of the parent charity and its industry, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements: employment regulation, health and safety regulation, anti-money laundering regulation.

To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to:

We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such tax legislation, pension legislation, the Companies Act 2006.

In addition, we evaluated the directors’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, revenue recognition

23

DRAFT

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BH LIVE (A company limited by guarantee)

Independent auditor’s report to the members of BH Live

(which we pinpointed to the cut-off assertion) and significant one-off or unusual transactions.

Our audit procedures in relation to fraud included but were not limited to:

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of the audit report

This report is made solely to the parent charity’s members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent charity and the parent charity’s members as a body for our audit work, for this report, or for the opinions we have formed.

Jonathan Marchant (Nov 2, 2023 12:54 GMT)

Jonathan Marchant (Senior Statutory Auditor) for and on behalf of Mazars LLP Chartered Accountants and Statutory Auditor

5[th] Floor, Merck House

Seldown Lane

Poole Dorset BH15 1TW

Date: Nov 2, 2023

24

BH LIVE (A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Note
Income and endowments from:
Charitable activities
4a
Other trading activities
2
Investments
3
Other Income
4b
Total income and endowments
Expenditure on:
Raising funds
2
Charitable activities
5,9
Total expenditure
10
Net income / (expenditure) before
taxation
Taxation
2
Net income / (expenditure) before other
recognised gains and losses
Net movement in funds
Transfers
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted
funds
Unrestricted
funds
Total
funds
Total
funds
2023
2023
2023
2022
£
£
£
£
37,638
38,025,830
38,063,468
29,447,897
-
4,303,622
4,303,622
3,198,511
-
21,854
21,854
1,567
-
-
-
1,639,414
37,638
42,351,306
42,388,944
34,287,388
-
2,813,969
2,813,969
2,010,503
31,279
38,974,521
39,005,800
31,776,202
31,279
41,788,490
41,819,769
33,786,705
6,359
562,816
569,175
500,684
-
-
-
-
6,359
562,816
569,175
500,684
6,359
562,816
569,175
500,684
228
(228)
-
-
120,647
380,038
500,685
1
127,234
942,626
1,069,860
500,685

The notes on pages 29 to 50 form part of these financial statements.

25

BH LIVE

Registered number: 07092112 (A company limited by guarantee)

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed assets
Intangible assets
13
Tangible assets
14
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
23
Creditors:amounts falling due within one
year
18
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
19
Net assets
Charity Funds
Restricted funds
20
Unrestricted funds
20
Total funds		 2023
2022
£
£
£
£
90,648
150,335
4,092,389
4,593,118
4,183,037
4,743,453
221,494
147,467
2,036,322
2,784,490
7,347,771
11,084,877
9,605,587
14,016,834
(12,342,326)
(14,148,147)
(2,736,739)
(131,313)
1,446,298
4,612,140
(376,438)
(4,111,455)
1,069,860
500,685
127,234
120,647
942,626
380,038
1,069,860
500,685		 2023
2022
£
£
£
£
90,648
150,335
4,092,389
4,593,118
4,183,037
4,743,453
221,494
147,467
2,036,322
2,784,490
7,347,771
11,084,877
9,605,587
14,016,834
(12,342,326)
(14,148,147)
(2,736,739)
(131,313)
1,446,298
4,612,140
(376,438)
(4,111,455)
1,069,860
500,685
127,234
120,647
942,626
380,038
1,069,860
500,685
4,612,140
(4,111,455)
500,685
120,647
380,038
500,685

The financial statements were approved and authorised for issue by the Trustees on 5 October 2023 and signed on their behalf, by:

Paul Collins (Oct 24, 2023 16:49 GMT+1)

Paul Collins, Chair

The notes on pages 29 to 50 form part of these financial statements.

26

BH LIVE (A company limited by guarantee)

COMPANY BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed assets
Intangible assets
13
Tangible assets
14
Investments
15
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
Creditors:amounts falling due within one
year
18
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
19
Net liabilities
Charity funds
Restricted funds
20
Unrestricted funds
Total funds		 2023
2022
£
£
£
£
90,648
150,335
4,092,389
4,593,118
1
1
4,183,038
4,743,454
215,112
142,998
3,317,113
3,019,439
3,512,576
8,563,422
7,044,801
11,725,859
(11,438,667)
(13,256,090)
(4,393,867)
(1,530,231)
(210,829)
3,213,223
(208,964)
(3,889,895)
(419,793)
(676,672)
127,234
120,647
(547,027)
(797,319)
(419,793)
(676,672)		 2023
2022
£
£
£
£
90,648
150,335
4,092,389
4,593,118
1
1
4,183,038
4,743,454
215,112
142,998
3,317,113
3,019,439
3,512,576
8,563,422
7,044,801
11,725,859
(11,438,667)
(13,256,090)
(4,393,867)
(1,530,231)
(210,829)
3,213,223
(208,964)
(3,889,895)
(419,793)
(676,672)
127,234
120,647
(547,027)
(797,319)
(419,793)
(676,672)
3,213,223
(3,889,895)
(676,672)
120,647
(797,319)
(676,672)

The financial statements were approved and authorised for issue by the Trustees on 5 October 2023 and signed on their behalf, by:

Paul Collins (Oct 24, 2023 16:49 GMT+1)

Paul Collins, Chair

The notes on pages 29 to 50 form part of these financial statements.

27

BH LIVE (A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Note
Cash flows from operating activities
Net cash provided by operating activities
22
Cash flows from investing activities:
Interest received
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Interest paid
Purchase of intangible fixed assets
Net cash used in investing activities
Cash flows from financing activities:
Repayments of finance leases
Repayments of other loans
Net cash (used in) / provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
The notes on pages 29 to 50 form part of these financial statements.		 2023
2022
£
£
1,819,578
6,641,558
21,854
1,567
-
571,147
(613,558)
(430,698)
(83,050)
(73,890)
-
-
(674,754)
68,126
(48,597)
(285,151)
(4,833,333)
(186,667)
(4,881,930)
(471,818)
(3,737,106)
6,237,866
11,084,877
4,847,011
7,347,771
11,084,877

28

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

BH Live meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Statement of Financial Activities (SOFA) and Balance Sheet consolidate the financial statements of the company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

No separate SOFA has been presented for the company alone as permitted by section 408 of the Companies Act 2006.

1.2 Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 14. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

1.3 Going concern

The Financial Statements have been prepared on the basis that the charity is a going concern.

Looking forward to 2023/24 and beyond the BH Live Board and senior leadership team are confident that the business will continue to see an increase in participation in our sporting and leisure activities and attendance to our events and venues, however with pressures of energy prices, staff costs and generally the effect of cost of living pressures we have continued to take a cautious view with budgeting a small surplus.

Whilst challenges remain, the Trustees have confidence that the diverse nature of BH Live’s business will ensure a successful future for BH Live.

29

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1.4 Incoming resources

All incoming resources are included in the Statement of Financial Activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy, except for grants and donations where the donor:

-Specifies that donations and grants given to the charity must be used in future accounting periods, the income is then deferred until those periods.

-Imposes conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the conditions for use have been met.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated to the applicable expenditure headings.

Costs of generating funds are costs incurred in attracting voluntary income.

Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

Charitable expenditure and basis of allocation of costs comprises those costs incurred by the charity in the delivery of its activities and services to enable the charity to meet its charitable aims and objectives. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Staff costs and overhead expenses are allocated to activities on the basis of employee numbers.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity.

30

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the group; this is normally upon notification of the interest paid or payable by the Bank.

1.7 Intangible fixed assets and amortisation

Software assets are stated at cost less amortisation. Amortisation is provided at rates calculated to write off the cost of the software, less their estimated residual value, over their expected useful lives. The amortisation rate applied to software assets is between 10% and 20% straight line.

1.8 Tangible fixed assets and depreciation

The company operates a £1,000 de minimis value on fixed asset additions, amounts lower than this limit are fully expensed in the period of purchase.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Long Term Leasehold Improvements - straight line over the lease term Catering Equipment - 20% straight line Gym Equipment - 10% - 33% straight line Fixtures & fittings - 7% - 20% straight line

1.9 Investments

Investments in subsidiaries are valued at cost less provision for impairment.

1.10 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs.

1.11 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.12 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

31

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1.13 Creditors and provisions

Creditors and provisions are recognised where the company 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.

1.14 Financial instruments

The group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.15 Fund accounting

Funds held by the charity are:

Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Designated funds - these are funds set aside by the trustees out of the unrestricted general funds

for specific purposes or projects.

Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

1.16 Leasing and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

32

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1.17 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

The company operates a defined benefits pension scheme. The scheme is a multi employer scheme where it is not possible, in the normal course of events, to identify on a consistent and reasonable basis, the share of underlying assets and liabilities belonging to individual participating employers. Therefore, as required by FRS17 'Retirement benefits', the company accounts for this scheme as if it was a defined contribution scheme. The amount charged to the Statement of Financial Activities represents contributions payable to the scheme in respect of the accounting period.

1.18 Taxation

The charitable company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the 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 Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

The tax expense for the year relates to BH Live Enterprises Limited. Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

33

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Trading activities

2. Trading activities
Trading income
Turnover
Trading expenses
Cost of Sales
Administrative expenses
Total
Net income from trading activities		 Unrestricted
funds
Total
funds
Total
funds
2023
2023
2022
£
£
£
4,303,622
4,303,622
3,198,511
1,866,042
1,866,042
1,341,829
947,927
947,927
679,324
2,813,969
2,813,969
2,021,153
1,489,653
1,489,653
1,177,358

Expenses payable to BH Live by the trading company was £973,531 (2022 £834,847).

On the face of the Consolidated Statement of Financial Activities all income is recognised within activities for generating funds and all expenditure is recognised within fundraising expenses and other costs, after removal of intercompany consolidation transactions.

All of the net income figure above is shown before taxation charges of £0. The trading subsidiary remits surplus net income to the Charity to the extent it is able to via a gift aid payment.

3. Investment income

3. Investment income
Investment income
Total 2022
Culture & Arts
Sport, Recreation & Leisure
Total 2023
Total 2022
4a. Income from charitable activities		 Unrestricted
funds
Total
funds
Total
funds
2023
2023
2022
£
£
£
21,854
21,854
1,567
1,567
1,567
Restricted
funds
Unrestricted
funds
Total
funds
Total
funds
2023
2023
2023
2022
£
£
£
£
12,910
21,488,404
21,501,314
15,268,449
24,728
16,537,426
16,562,154
14,179,448		 Unrestricted
funds
Total
funds
Total
funds
2023
2023
2022
£
£
£
21,854
21,854
1,567
37,638
38,025,830
38,063,468
29,447,897
51,617
29,396,280
29,447,897

34

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

4b. Other income
Restricted Unrestricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
CJRS - - - 707,110
Other Covid-19 Grants - - - 932,304
Total 2023 - - - 1,639,414
Total 2022 - 1,639,414 1,639,414
5. Analysis of expenditure on charitable activities
Restricted Unrestricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
Culture & Arts - 20,701,024 20,701,024 15,255,830
Sport, Recreation & Leisure 31,279 18,241,397 18,272,676 15,773,798
CJRS staffing costs - - - 707,110
Total 2023 31,279 38,942,421 38,973,700 31,736,737
Total 2022 36,575 31,700,162 31,736,737
6. Analysis of expenditure by activities
Direct Support
costs costs Total Total
2023 2023 2023 2022
£ £ £ £
Culture & Arts 15,231,047 5,469,977 20,701,024 15,255,830
Sport, Recreation & Leisure 8,678,381 9,594,295 18,272,676 15,773,798
CJRS staffing costs - - - 707,110
Total 2023 23,909,428 15,064,272 38,973,700 31,736,738
Total 2022 18,601,315 13,135,423 31,736,738

35

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. Direct costs

7. Direct costs
Sport,
Culture & Recreation &
Arts Leisure Total Total
2023 2023 2023 2022
£ £ £ £
Other costs 13,426,839 1,627,235 15,054,074 11,688,051
Amortisation 6,282 - 6,282 11,191
Finance income and expenses - 841 841 18,594
Wages and salaries 1,622,241 6,537,491 8,159,732 6,242,397
National insurance 82,455 262,405 344,860 288,347
Pension cost 58,431 161,010 219,441 205,827
Depreciation 34,799 89,399 124,198 146,908
Total 2023 15,231,047 8,678,381 23,909,428 18,601,315
Total 2022 11,218,327 7,382,988 18,601,315
8. Support costs
Sport,
Culture & Recreation &
CJRS Arts Leisure Total Total
2023 2023 2023 2023 2022
£ £ £ £ £
Other costs - 2,810,878 7,444,845 10,255,723 8,114,356
Amortisation - 26,722 26,681 53,403 58,842
Wages and salaries - 1,902,114 1,158,887 3,061,001 2,557,096
National insurance - 317,187 133,681 450,868 352,631
Pension cost - 166,513 97,272 263,785 253,280
CJRS staffing costs - - - - 707,110
Depreciation - 246,563 732,929 979,492 1,092,108
Total 2023 - 5,469,977 9,594,295 15,064,272 13,135,423
Total 2022 707,110 4,037,503 8,390,810 13,135,423

36

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

9. Governance costs

Auditor's remuneration
Auditor's non audit costs
Trustees' governance costs
Total		 Unrestricted
funds
Total
funds
Total
funds
2023
2023
2022
£
£
£
37,325
37,325
32,175
5,735
5,735
7,050
-
-
239
43,060
43,060
39,464

10. Analysis of expenditure by expenditure type

Expenditure on fundraising
trading
Costs of raising funds
Culture & Arts
Sport, Recreation & Leisure
CJRS staffing costs
Charitable activities
Expenditure on governance
Total 2023
Total 2022		 Staff costs Depreciation
Other costs
Total
Total
2023
2023
2023
2023
2022
£
£
£
£
£
826,459
-
1,976,550
2,803,009
2,010,503
826,459
-
1,976,550
2,803,009
2,010,503
4,148,941
281,362
16,270,721
20,701,024
15,255,830
8,350,746
822,328
9,099,602
18,272,676
15,773,798
-
-
-
-
707,110
12,499,687
1,103,690
25,370,323
38,973,700
31,736,738
-
-
43,060
43,060
39,464
13,326,146
1,103,690
27,389,933
41,819,769
33,786,705
11,254,098
1,239,017
21,293,590
33,786,705

11. Net income/(expenditure)

This is stated after charging:

This is stated after charging:
2023 2022
£ £
Depreciation of tangible fixed assets:
- owned by the charitable group 1,103,690 1,239,017
Amortisation of intangible fixed assets 59,685 70,034
Auditor's remuneration - audit 37,325 32,175
Auditor's remuneration - other services 5,735 7,050

0 Trustees received reimbursement of expenses amounting to £0 in the current year (2022 - £239).

37

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

12. Staff costs

Staff costs were as follows:

Staff costs were as follows:
Wages and salaries
Social security costs
Other pension costs
CJRS staffing costs		 2023
2022
£
£
11,993,707
9,391,935
828,465
670,368
503,974
484,685
-
707,110
13,326,146
11,254,098

The average monthly number of employees was 1,325 (2022: 1,325) and the average monthly number of employees during the year expressed as full time equivalents was as follows (including casual and parttime staff):

Corporate
Sport, Recreation & Leisure
Culture & Arts
The number of higher paid employees was:
In the band £60,001 - £70,000
In the band £70,001 - £80,000
In the band £100,001 - £110,000
In the band £110,001 - £120,000
In the band £150,001 - £160,000
Over £160,001		 2023
2022
No.
No.
22
26
275
242
136
89
433
357
2023
2022
No.
No.
4
4
2
-
-
1
1
-
-
1
1
-

The key management personnel of the charity comprise of the Trustees and the Senior Leadership Team (SLT). SLT includes the Chief Executive, Director of Finance and Business Support, Chief Operating Officer and Associate Directors/Heads of Department for each of the commercial, operational and support areas of the company. The total employee costs for these personnel were £825,841 (2022 £675,273). The Trustees receive no remuneration in their capacity as Trustees.

38

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

13. Intangible fixed assets

Group and Company
Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
Amortisation
At 1 April 2022
Charge for the year
On disposals
At 31 March 2023
Carrying Amount
At 31 March 2023
At 31 March 2022		 Software
£
797,083
-
-
797,083
646,750
59,685
-
706,435
90,648
150,335

14. Tangible fixed assets

Group and Company
Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
On disposals
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Long term
leasehold
improve-
ments
Catering
equipment
Gym
equipment
Fixtures and
fittings
Total
£
£
£
£
£
1,287,434
575,871
2,471,200
7,313,660
11,648,165
-
4,433
124,266
484,859
613,558
-
(640)
(18,033)
(8,178)
(26,851)
1,287,434
579,664
2,577,433
7,790,341
12,234,872
376,804
499,674
1,563,285
4,615,284
7,055,047
65,224
26,855
294,720
716,891
1,103,690
-
(544)
(10,538)
(5,172)
(16,254)
442,028
525,985
1,847,467
5,327,003
8,142,483
845,406
53,679
729,966
2,463,338
4,092,389
910,630
76,197
907,915
2,698,376
4,593,118

39

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Tangible fixed assets (continued)

-

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

Group and Company
Gym equipment
Company
Cost
15. Fixed asset investments
At 1 April 2022 and 31 March 2023		 2023
2022
£
£
439,047
732,207		 2023
2022
£
£
439,047
732,207
439,047
732,207
Shares in
group
undertakings
£
1
16. Stocks
17. Debtors
Due within one year
Trade debtors
Other debtors
Amounts due from subsidiary
Finished goods and goods for resale
Prepayments and accrued income		 Group
Company
2023
2022
2023
2022
£
£
£
£
221,494
147,467
215,112
142,998
Group
Company
2023
2022
2023
2022
£
£
£
£
1,049,315
1,715,727
656,503
1,339,843
266,018
128,908
266,018
128,908
720,990
939,855
697,673
928,054
-
-
1,696,919
622,635
2,036,322
2,784,490
3,317,113
3,019,439

40

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

18. Creditors: Amounts falling due within one year

Other loans
Trade creditors
Amounts owed to subsidiary
Corporation tax
Wages creditors
Net obligations under finance leases
Other taxation and social security
Accruals and deferred income		 Group
Company
2023
2022
2023
2022
£
£
£
£
-
1,000,000
-
1,000,000
3,187
48,598
3,187
48,598
1,715,627
1,652,770
1,690,342
1,633,517
-
-
-
-
-
-
-
-
493,210
807,049
493,210
807,049
548,124
586,215
548,124
586,215
9,582,178
10,053,515
8,703,804
9,180,710
12,342,326
14,148,147
11,438,667
13,256,090

19. Creditors: Amounts falling due after more than one year

Group Company
2023 2022 2023 2022
£ £ £ £
Other loans - 3,833,333 - 3,833,333
Net obligations under finance leases - 3,186 - 3,186
Other creditors 376,438 274,935 208,964 53,375
376,438 4,111,455 208,964 3,889,895
Included within the above are amounts falling due as follows:
Group Company
2023 2022 2023 2022
£ £ £ £
Between one and two years
Other loans - 1,000,000 - 1,000,000
Between two and five years
Other loans - 3,833,333 - 3,833,333
Obligations under finance leases and hire purchase contracts, included above, are payable as follows:
Group Company
2023 2022 2023 2022
£ £ £ £
Between one and five years - 3,186 - 3,186

41

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

20. Statement of funds

Statement of funds - current year

Unrestricted funds
General funds
Restricted funds
Aiming high project
Sponsor a seat
Pavilion restoration fund
We all live in Kinson
Community boxing
Pavilion outreach fund
Arts & Culture donations
Children In Need
Run together
Toyota Parasport Fund
Investing in Communities
Places To Ride Programme
HAF Fun Pompey
Beat the Pause
Keep Fit & Stay Young
Post Covid Referral Pathway
Chat Over Chai
Energise YOUth
Girls Get Strong
Dorset Race Equality
Total of funds
Bournemouth schools
swimming project
Disability tennis network
funding
Stroke and Parkinson's
exercise referral
HAF Fun Pompey Winter
Fund
Communities Against Cancer
Portsmouth Interaction
Supported Gym
Parkinson's UK Physical
Activity		 Balance at 1
April 2022
Income
Expenditure
Transfers
Balance at 31
March 2023
£
£
£
£
£
380,038
42,351,306
(41,788,490)
(228)
942,626
1,883
-
-
-
1,883
9,195
-
-
-
9,195
1,476
-
-
-
1,476
37,881
-
-
-
37,881
4,875
558
(2,341)
-
3,092
183
-
-
-
183
-
250
-
-
250
11,388
-
-
-
11,388
19,956
12,910
-
-
32,866
9,275
500
(6,706)
-
3,069
250
-
(478)
228
-
810
-
-
-
810
1,751
-
(1,255)
-
496
4,397
-
-
-
4,397
2,174
-
-
-
2,174
336
9,397
(5,056)
-
4,677
8,014
3,153
(8,758)
-
2,409
2,528
4,011
(4,193)
-
2,346
2,144
-
-
(2,144)
-
453
-
-
-
453
1,145
-
-
-
1,145
370
400
-
-
770
161
-
(53)
-
108
-
3,627
(1,512)
-
2,115
-
1,080
-
-
1,080
-
-
(927)
2,144
1,217
-
1,752
-
-
1,752
120,647
37,638
(31,279)
228
127,234
500,685
42,388,944
(41,819,769)
-
1,069,860

The charitable company’s profit for the period amounted to £256,880 (2022: deficit of £441,836).

42

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

20. Statement of funds (continued)

Restricted revenue funds

Bournemouth schools swimming project - Initiative to increase participation of pupils swimming as part of national curriculum.

Aiming high project - Initiative for disabled children to receive swimming lessons and their families to receive respite as part of government transformation programme.

Sponsor a seat - Scheme to enable patrons, businesses and organisations to make donations for the refurbishment of theatre seating at the Pavilion.

Pavilion restoration fund - Scheme to enable customers to make donations to be used for the purpose of restoration of the Pavilion Theatre.

We all live in Kinson - A project to engage 200 inactive people living in a deprived ward in Bournemouth by providing weekly coach led walk/jog/run sessions and community based exercise classes.

Community boxing - A 12 week course for disengaged, inactive 10-16 year olds to learn basic boxing skills through coach led training, practise and drills, and social skills of respect, team work and control.

Disability tennis network funding - An initiative to increase disability tennis participation in Portsmouth.

Pavilion outreach fund - A fund to carry out valuable outreach work to communities in any catchment area we serve, with a particular emphasis on deprived and disadvantaged families residing in these areas. The focus is to deliver free cultural experiences to those who normally couldn't access such opportunities.

Arts & Culture donations - During the COVID-19 pandemic, we’re calling on our loyal customers to support our mission to keep culture alive whilst at the same time supporting local food banks in Bournemouth and Croydon by donating 50% of all monies raised between them.

Children in Need - This project will provide a holiday club for children and young people with Autism. Young people will increase their independence, improve their physical health and make new friends.

Run together - Provide a beginners’ course for 12-25 year olds using the Run Together App and online platform.

Stroke and Parkinson’s exercise referral - To generate funding to provide the Stroke & Parkinson’s exercise referral scheme for participants and their families.

Toyota Parasport Fund - This project aims to increase Special educational needs and disabled individuals in sport by offering catered sessions and specialist equipment designed for those with disabilities. There will be 3 sessions held: for ages 6-10, 11-15 and 16+. The sessions will focus on skill, badges and competitive opportunities.

Investing in Communities - This project will support groups across Hampshire and the Isle of Wight in the wake of COVID-19 by aiming to reduce widening inequalities in physical activity and sport.

Places To Ride Programme - For the purchase of bikes and equipment to deliver up to 5 sessions per week at the Mountbatten Centre’s velodrome.

43

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

20. Statement of funds (continued)

HAF Fun Pompey - This is a project to deliver the Holiday Activities and Food (HAF) programme during the Summer. It will provide free holiday provision for children aged 5-16 who are eligible for benefits-related free school meals.

Beat The Pause - A project aimed at ladies going through peri/menopause symptoms to raise awareness and help them get fit and avoid HRT.

Keep Fit & Stay Young - To deliver classes aimed at over 60s to help prevent falls and to tackle fragility.

Post Covid Referral Pathway - To deliver Post Covid-19 Syndrome exercise referral sessions led by post Covid-19 qualified instructors.

HAF Fun Pompey Winter Fund - This is a project to deliver the Holiday Activities and Food (HAF) programme during the Winter. It will provide free holiday provision for children aged 5-16 who are eligible for benefits-related free school meals.

Chat Over Chai - This project delivers Tai Chi classes.

Energise YOUth - This project aims to encourage activity in younger people by using glowsports equipment.

Communities Against Cancer - Delivering fitness and education to people to help prevent cancer.

Portsmouth Interaction Supported Gym - Targeting adults with a long-term mental health condition, aiming to break down the fears, anxieties & barrier to fitness in this cohort of people, whilst building better pathways from ward to community.

Parkinson's UK Physical Activity - To deliver activities to help people with Parkinson’s become and stay physically active.

Girls Get Strong - A project aimed at inactive teenage girls aged 14-16, to deliver a range of fitness classes and sessions to increase activity.

Dorset Race Equality - Funding for sport activities for children, teenagers & adults from race backgrounds that otherwise may not have good access to sport.

44

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

20. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General funds
Restricted funds
Aiming high project
Sponsor a seat
Pavilion restoration fund
We all live in Kinson
Community boxing
Boscombe men project
Pavilion outreach fund
Arts & Culture donations
Children In Need
Run together
Toyota Parasport Fund
Investing in Communities
Places To Ride Programme
HAF Fun Pompey
Beat the Pause
Keep Fit & Stay Young
Active Ladies
Chat Over Chai
Energise YOUth
Total of funds
HAF Fun Pompey Winter
Fund
Communities Against Cancer
Bournemouth schools
swimming project
Disability tennis network
funding
Stroke and Parkinson's
exercise referral
Post Covid Referral Pathway		 Balance at 1
April 2021
Income
Expenditure
Transfers
Balance at 31
March 2022
£
£
£
£
£
(105,604)
34,235,772
(33,750,130)
-
380,038
1,883
-
-
-
1,833
9,195
-
-
-
9,195
1,476
-
-
-
1,476
37,618
263
-
-
37,881
5,685
289
(1,099)
-
4,875
349
-
(165)
-
183
-
-
-
-
-
-
-
-
-
-
11,388
-
-
-
11,388
10,786
9,170
-
-
19,956
13,164
6,800
(10,689)
-
9,275
250
-
-
-
250
610
200
-
-
810
3,200
-
(1,449)
-
1,751
10,000
864
(6,467)
-
4,397
-
6,428
(4,254)
-
2,174
-
6,616
(6,280)
-
336
-
11,073
(3,058)
-
8,014
-
2,201
(753)
1,080
2,528
-
1,462
(382)
(1,080)
-
-
2,144
-
-
2,144
-
1,809
(1,356)
-
453
-
1,385
(240)
-
1,145
-
370
-
-
370
-
544
(383)
-
161
105,604
51,617
(36,575)
-
120,647
1
34,287,389
(33,786,705)
-
500,685

45

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

20. Statement of funds (continued)

Summary of funds - current year

Balance at 1 Balance at 31
April 2022 Income Expenditure Transfers March 2023
£ £ £ £ £
General funds 380,038 42,351,306 (41,788,490) (228) 942,626
Restricted funds 120,647 37,638 (31,279) 228 127,234
Total of funds 500,685 42,388,944 (41,819,769) - 1,069,860
Summary of funds - prior year
Balance at 1 Balance at 31
April 2021 Income Expenditure Transfers March 2022
£ £ £ £ £
General funds (105,604) 34,235,772 (33,750,130) - 380,038
Restricted funds 105,605 51,617 (36,575) - 120,647
Total of funds 1 34,287,389 (33,786,705) - 500,685

46

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

21. Analysis of net assets between funds

Analysis of net assets between funds - current year

Restricted Unrestricted Total
funds funds funds
2023 2023 2023
£ £ £
Intangible fixed assets - 90,648 90,648
Tangible fixed assets - 4,092,389 4,092,389
Current assets 127,234 9,478,353 9,605,587
Creditors due within one year - (12,342,326) (12,342,326)
Creditors due in more than one year - (376,438) (376,438)
Total 127,234 942,626 1,069,860
Analysis of net assets between funds - prior year
Restricted Unrestricted Total
funds funds funds
2022 2022 2022
£ £ £
Intangible fixed assets - 150,334 150,334
Tangible fixed assets - 4,593,118 4,593,118
Current assets 120,646 13,896,188 14,016,834
Creditors due within one year - (14,148,147) (14,148,147)
Creditors due in more than one year - (4,111,455) (4,111,455)
Total 120,646 380,038 500,685
22. Reconciliation of net movement in funds to net cash flow from operating activities
Group
2023 2022
£ £
Net income / (expenditure) for the year (as per Statement of Financial
Activities) 569,175 500,684
Adjustment for:
Depreciation charges 1,103,690 1,239,017
Finance charges 83,050 73,890
Amortisation 59,685 70,034
Loss on sale of fixed assets 10,597 85,806
Increase in stocks (74,027) (65,328)
Decrease in debtors 748,168 1,541,124
(Decrease) / increase in creditors (658,905) 3,197,897
Interest received (21,854) (1,567)
Net cash provided by operating activities 1,819,578 6,641,558

47

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

23. Analysis of cash and cash equivalents

23. Analysis of cash and cash equivalents
Cash in hand
Bank accounts
Total		 2023
2022
£
£
504,226
232,463
6,843,545
10,852,414
Group
7,347,771
11,084,877

24. Contingent liabilities

The bank has provided a guarantee on behalf of the charity amounting to £18,900 (2022: £18,900) in favour of Hampshire Pension Fund.

25. Pension commitments

The Charity participates in a closed Local Government Pension Scheme, a Scheme which is administered locally by Dorset County Pension Fund. Under the transfer agreement with BCP Council (previously Bournemouth Borough Council), they are responsible for all past pension liabilities of the scheme. Accordingly, there are no disclosures within the Charity accounts in relation to FRS102 Section 28 “Employee Benefits”. The pension cost charge represents contributions payable by the group to the fund and amounted to £244,304 (2022: £224,753). Contributions totalling £19,970 (2022: £19,089) were payable to the fund at the balance sheet date and are included in creditors.

The Charity also participates in another closed Local Government Pension Scheme, this scheme is administered by Hampshire Pension Services. The pension cost charge represents contributions payable directly by the Charity to the fund and these amounted to £11,960 (2022: £11,148). Contributions totalling £1,005 (2022: £957) were payable to the fund at the balance sheet date and are included in creditors.

The Charity also operates an open Defined Contribution pension scheme which is managed by TPT Retirement Solutions (formerly The Pensions Trust). The pension cost charge represents contributions payable by the group to the fund and amounted to £307,289 (2022: £224,493). Contributions totalling £23,284 (2022: £23,749) were payable to the fund at the balance sheet date and are included in creditors.

48

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

26. Operating lease commitments

At 31 March 2023 the total of the group's future minimum lease payments under non-cancellable operating leases was:

Group and Company
Amounts due:
Within 1 year
Between 1 and 5 years
After more than 5 years
Total		 2023
2022
2023
2022
£
£
£
£
385,549
353,447
5,293
8,410
1,542,195
1,423,788
2,609
7,902
3,889,660
4,160,243
-
-
Land and buildings
Equipment
5,817,404
5,937,478
7,902
16,312

27. Indemnity insurance

Indemnity insurance has been taken out giving £5 million of cover at a cost £5,487 (2022: £5,104).

28. Related party transactions

The subsidiary company gift aids its surplus profits to the charity parent. The gross amount receivable for the year amounted to £1,177,358 (2022: £234,838).

At the end of the year, the parent charity was owed by the subsidiary £1,696,919 (2022: The parent charity was owed by the subsidiary £622,635). During the year, the parent charity apportioned £973,531 (2022: £834,847) of costs, by way of recharges to its subsidiary.

49

BH LIVE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

29. Principal subsidiaries

BH Live Enterprises Limited

Subsidiary name Company registration number Company registered office

BH Live Enterprises Limited

07175626

Bournemouth International Centre, Exeter Road, Bournemouth, Dorset, BH2 5BH

Equity shareholding % 100% Total assets as at 31 March 2023 £4,257,706 Total liabilities as at 31 March 2023 (£2,768,052) Total equity as at 31 March 2023 £1 Turnover for the year ended 31 March 2023 £4,303,622 Expenditure for the year ended 31 March 2023 (£2,813,969) Profit for the year ended 31 March 2023 £1,489,653

30. Controlling party

The company is controlled by its trustees acting in accordance with the terms of the memorandum and articles of association.

50