THE GILLINGHAM COIIMUNITY LEISURE TRL'ST LIMtrED STATELIIEhT OF ACCOLTrIIS FOR THE YEAR ENDED 30 JUhT 2025 CO.YTEfiTS Administrative IDforTn2tion 2- 6. TNstee DiT￿t0[5, Report 7- 9. Report of the Auditors 10. Stat¢m¢nL of Financial Activities Balan￿ Sh¢et 12. Statement of C&9h Flows 13- 21. Note5 tsTr the Accounts FLETCHER & PARTf4ERS CHAR'fkRED ACCOUYTANTS SALISBL]iY THE GILLINGAAM COMLWLryrrY AND LEISURE TRUST LIMITED COl¥fPANY LYFORMATION Dlreetors: Mr P D Silv¢stcr CBE (Chair) Mr J M Broadway Ms M P Caldw¢ll Mr S V Chase MsLDay Mr R H Messer Ms E.hl Robey MrSCWard Mr M B Chapman Mr G C Pledger Ms A J A Venters Mr M R Walden Appointed 23 December 2025 Appoint¢d 27 January 2026 Appointed 29 April 2025 Appoint¢d 27 January 2026 Resigned 27 May 2025 Resigned 20 October 2025 Resigned 14 October 2025 R¢signed 10 Augusl 2025 Key Management Personnel: Mr J Parry M5 L Westby Mr W Magee Gcnernl Mallager Otttations Manager Fitwice Manager Reglstered Office: RiversmeeL Hardings LarK Gillingham, Dor5eL SP8 4HX Advisers: Bankers LloyiLq Bank plc Accoun¢attts Fletcher& Par(n¢Th, Crown Chambers, Bridge Stre¢L Salisbury SPI 2LZ Solicitors Wilsons LLP. Al¢xandrn House. St JOlU￿ Stree( Salisbury SPI 2SB Compiny Trlumber: R¢gistered Company NumI￿r 06868510 Cbxrlty Number: Registered Charity Number 1138571 TUE GILLtNGHAM COMTrtuNrrY AND I,F.ISURF, TRLST LIMITE TRUSTEE DIREcfoRS' REPORT FOR THE YEAR ETriDED 30 JUNE 2025 The Trust¢¢ Directors (bereiDafter referred to as Tn￿CeS) present the Annual Report and Accowlts for the year ended 30 June 2025, which have been prepared $0 as ts) conwty with the provisions of the Companies A¢t 2006, tb¢ Clwities Act 201 l and Accounting and Reporting by ChArities.. Sthtrmeni of Recommended Practice applicable to Cljarities preparing their accounts in accordance with th¢ Financial R¢porting Standard applioble in the UK and Republic of Ireland (FRS 1021 (etTecÈive l JaDuary 2019). STRucfuRE, GOVERNA,NCE AND MANAGE.Nf The Charity Is a company ]itniied by guarantee. It Was iDcorporated in England on 3 April 2009. Th¢ ¢ompeny w&$ registered as a Chartty with th¢ Clwrity Co]nMi￿1￿n on 26 October 2010. The company ￿r¢i￿aftor ￿f¢rrtrd to as the Trust or Charity) is operated by it5 TrU￿¢¢S who m¢¢t periodi￿lly. New Tr￿Stees are recruited from among people who hav¢ an interest in fijrthering the aims of the Clwity with a ¥q¢w to ensuring that all the ne£ess8ry competencies are rEpr¢s¢nted within th¢ trthste¢ body. BACKGROUYD TO FORMATION OF THE TRUST, rrs ACTJvrfJES Af4D OBJECTJVES The Charity i5 a subsidiary of The Thre¢ Rivers P8rtnersbip, a eomtt)unity parthership for Gillingham alld the Surrounding ar¢a of North Dorset. The Charity was established to inttiaIly manage the red¢velopment and construction of th¢ Riversmeet Centre in Gillingham, which Wds reopcned in Augu512010. A SUTrIMARY OF THK OBJECTS OF TtIE CHARITY AS SET our IN rrs GOVERNING DOCUMENT Tb¢ Charity's obj¢cts are.. the promotion for the public benefit of wtnmunity participation in healthy recreation for th¢ b¢n¢fit of thc inhabitants of Gil11t￿￿4M. DorseL and the surrounding areas {in particular the provision of facilitie5 for SWllnmiTl8, baskctball, badminton, n¢tbail, indoor hockey. fjve a side foothall, gymnastics and fith¢55 Exercises). and such other Ch￿ilable heajthy reueationai sports or 4Ctiviti¢S or Ott￿ law￿1 charitable purposes for the public bell¢fit, &$ the Tn￿ttts shall from tiD]e to time determine. SUMMARY OF MAIN ACTIVTTKES OF THE CJIARrrY ili RELATION TO ITS 0￿EcTs Th¢ Charity operat¢s the River&Meet Centre (open to paying customers since Au¥ust 2010), now brat￿ed as River&M¢et Active the ¢nlarged Bri¢kfields site now re-branded ￿ Riversmeet Perfomwice (op¢u io paying customers since July 20221, both in Gillingham, north Dorset. The Charity continues to provide the public with facilities for ex¢rcise and actively promotes the benefits of a healthy lifestvle, seeing itself as pro&llding a vital service a3 a wrtuDutiity hub. In JLmuary 2025, the cl)￿1￿ opened its Wellbeing Hub as additional resource forthe local community. The Charty is managed on & self-sustsining basis. The Charity operates a commullity café and %lls a SEle¢tion of swimming-r¢lat¢d it¢ms at Riv¢nMeet Aetive. STRATEGIC REVIE ACHIEVEMEf*TS AP*D PERFORMANCK OF TAE CUARITY 2024.25 was a year cbaracterised by consolidation. Ihe concerted efforts of our organisali0￿ to improve our cashflow on an Incremental b&4is and pulling into practice a nwnber of measures ￿'hICh have improv¢d our swtainabilLty ￿]d futur¢ viability. A talented and r¢-invigorat¢d Board ofTrusiees has offered the charity JllOT¢ ¢ffKtiYe leadership and beell able io implement a nutnber ofimportant projects. The Board h&%: Been active and engaged with individual tru5t¢C5- Using a portfolio approach- taking the lead in a number of important are&8 (like Safeguarding. the establi%hment of a me￿￿er Focus group which meets regularly, engaging loral busin¢ss¢s and promoting corporate Inembership. considving ihe ration81isation of our membership ¢yP¢slpackages ¢tc.). Supported the General Mamager and the lead¢r5hip team in promoting love￿meet &$ THE COiMTnunity hub in north Dorset (e.g. througb more direci communication and ¢nEagement with Gillingbam Town Council amd Dorset Council, the ¢xp8llsion of our successfu] Ex¢rcise Refe￿al progrdnune and the ￿￿bliShMent of our Wellbeing Hub). Consolidated a r¢gul8r programme of submittitig grant applications. employing the 5tiryices of 8 part-time professional bid-writer on a no winlno fec basis. Achieving a 21k25 /• success rate for our grwit applications (including an U9k Section 106 application well supported by Gillimgham Town Thuncill in aj] incrtasinsly competitive grant fi￿dillg landscape. THE C.tLLINGHAM COMMUPirrY LEISURE TRUST LTrJrrED TRliSTEES' REPORT FOR THE YEAR EhDED 30 JLNE 2025 ACHIEVEMENTS AND PERFORMANCE OF THE CHARITY (continued) In planning for the future in order to grow the orgallisation as a more secure route to ¢ll5ufE SUStain2bility. the truste¢s bav¢'. Stratsgi¢ dir¢¢tion: a) succe58fitlly applied to Sport EThglalld's Swinrning P(KTrl Rxovery Support for additional LED lighting and a second solar array which was iDst211ed in August 2024). bl applied to S￿rt England's Mov¢tD¢nt Fund for £7,500 on the proviso that w¢ raised o similar ￿nou￿t through a ¢ommuniry crowdfimding campaign (we rais￿ soffje £18,000 throu￿1 the crowdfunding ¢9￿paIgn in August 2024),. oth¢r successful grant fi￿ding applications to the Val¢fttine Trusi I)orset Ci)uncil ¢1¢. combined to enable us to ins¢a]I LPG gas boilers at a cosi of £80k in December 2024 c) continued to support th¢ growth in our provision for I(￿1 gymn05È5 of all ages at Riversmeet Performanee, working towards finding a TMV Venue for GyD]nastic5 Ch]b in order to build cap8Ciry, d) planned for the re-br4nding and regeneraÉion of our wet4ide aclivitie5 ￿7th the recruitment of a new. p8rt-tim¢ School Co-ordinatr)r and developed a projcct plan {&fter competitive tenderiDg and 5¢VCTal suece5sful grant applicati0Th15u¢ce$sfvl Sedion 106 fill)ding application for £89,000, a succ&ssful SIB loan appli¢aÈion for £70.000 in order to fiujd this rnu¢h-tteed￿L ambitious remodelinglni(Klernisation proj¢et to completely re￿rbISh our W¢1 Side Changing Roo￿￿ early in 2026 (total cost £190,OCH)), anil e) after a thorougb appreciatioD of our n¢¢d5 for leisure management 50ftwe (aT￿ improved conllnunication with tnembors). agreed to pursue a phased move towaTd5 the iti$¢au￿1Ort of market-leading 59ftwar¢ w¢tb digital tUrnStil¢3lacce5s controls wl)en finance allows (hopefultv in 2026. estimated cost £80.(H)O). Netsvorkfimg: consolidated our communiry relationships with: a) Gillingham Town Coun¢il {ineluding recrnitiDg a Dew trUSt¢e who is also a Gillingham Town Cowieilor plus the regular involvement of our Genml Manager who now sits on the L*isur¢ and Sports SuiFCornmittee for Gillingham Town Coullcit). b) ronsolidated our corporate relationship with Dex - partnership with different NHS bodies (includit)g local GP Surgeries) thr￿g￿ the ) con501idated Dur wwkin(p growth of our Exercis¢ R¢fETral sCh¢ll￿ and d) begun to forge a closer relationship with Dorsei Council in OTder to butld a comn]on understanding of th¢ lefftsurelcommunitylpublic heahh neei1s of north Dorset residents. Finanee: oversttD the outp¢rfornwice at Riversmeet in ieTmS of all trading fore£asts a[￿ the Continued su¢cess of Riversmeet Active. B¢n¢fitted from a regular financia] boost with Some successful grant applicatiOJL8 (see earlier), contributing to the improved commercial viability of the orgalli5atioD, going fonvdrds. Developlng aDd consolidating our thTlvltyg Exerelse Referrnl progr4mme: support¢d the General Manager and thc Fitness Manager ill promoting the use of our community leisure ¢entrt for o 8rowing nvTnber of GP Exercise Referra]s, in parthership wirh local GP practices and CDllllnunity health profcssioDals. This is an in)portani aspect of our role in promoting positive physical and n]¢ntal health together with the development of a new income stream for the busilless (with more th8n 4(P/o of clients on this subsidised three- month programme ch005ADg ¢0 Tr*eome pen￿ent mernbers). tn ordrr to respond b) thc en¢w erisis and the need to increase our fitLancial rescrves and consequential cashflow OD a monlh-by-month basis to safeguard our cotnm¢rcial viability. Irjstees {in collaboratioll with the General Manager and the Finance Manager) have: THE GILLINGHLM COMMUNITY A.ND LEISURE TRUST LIMITED TRU8TF.F,S' REPORT FOR THE YEAR EJI)ED 30 JUNE 2025 ACHtEVEME.YTS knYD PERFORMANCE OF THE CHARITY (eontinue4J) ¢ontinued to pUr￿￿e our ener￿ at the best P0551ble llwket rat¢s through our energy broker (our Genernl Manager and our Finance MatHger are particul8xly focused on this vital area). ltt parallel, we have benefitted from the installation of a second 80KW solar amy &8 aresult of our successful appllcation lo Sport Engl8JLd's Swimming Pool Support Fund which ha5 redu(¢d our enerao costs. This installation was COTnpletEd in August 2024 and involved &qsociated negotiatioLs w&th CoDrad Energy to ￿viSe Gurrent Airspace Lca5e. whirh w¢r¢ re501Yed in 2025. supported by the Board. run a s￿¢¢C&sfUl Crowd Fullding wnpaigll tsrgetrd at members, the loca] Community and lo￿1 businesy¢s that raised over £18,000 (including a grant for £7,400 fr(Trm S￿rt England) towards th¢ cost of installing ga5 boilers (itistalled by WS Swift in Dc￿MI￿r 2024) to a¢t as 2 backup for our air source heat pumps during th¢ wiul¢rp¢riod. This demollstr￿ed a strong comJmiTment to preserve the operation of the swinrning pool at Riversmeet. Ai th¢ $ame time, the Board h&8 W0￿ed hard to SUPPOrt the G¢n¢ral Manager and formulated a strategic plan to addrc5s thE challenge of our itiadequate heating system (establishing a bivalent heating syslem in which high efficiency gas boilers support our air source heat pwnps in the cold¢51 months of th¢ year). Consequentiy, the 2024-25 winter season wa5 our fiT5t winter An five years without any closure of our ¢Dnimunity 5wimmillg pool: a real, Imi￿an1 achievetueDL with no busine&sltrading inte￿ptiOn du¢ to unpredictable closures. continued to a¢hi¢ve a 50Yo teduction in our energ) consumption as a resulE of active management (H'ith tho General Manag¢r ¢h8mpioning this) and the introduction of fi￿er euergy-saving ¢quipn)ent {e.g. the installation of 4th generation LED lighting. th¢ b¢n¢fits of our sttond solar array rfc.). Using a £IO,(H)O grant from the Scottish Southem Electricity Network (SSEN?, installed a variable Speed drive (aAd Turbidity Mollitor) for Éhe swimmillg p(￿1 ￿lch will improve wiler qU￿lty aDd furtberTeduce ener&¥ consumption. Pl&n to instdl a Voltage Optimiyer {at a cost of £IO,OOO+ through addiiioDal SSEN, grant fimdillg) in the aubjmn of2025 which will also reduce ¢ncrgy consumption and extend the lifespan ofelectri￿] equipm¢nL eong0lid&ted our statT￿g both the Cafe and th¢ SWI￿ Schoovswimming Depattrnts (and employed a new. part-time Swim School Cowordinator). NATURE OF THE GOVERNING DOCUMEYT AND COYSTrrLYION OF THE CHARITY The Charity is constituted a4 a company limited by guarantee is therefore governed by a memorand￿￿ and arti¢les of association (updated in 2009). Th¢ directors of the company are also trustees (Trf th¢ Ch8rity. Eligibility for mernbership of the Charity. and of the Board of tNstecs, is governed by the memorandum and artic1¢5 of assrfiation. The charity obje¢ts re$tri¢t tb¢ Charity to the operation of leisure fa¢ilides for the benefit of local Tesideftts. THE METHODS ADOPTED FOR THE RECRUITMENf AND APPOINTMENf OF NEW TRUSTEES Th¢ Board ain]s to have a minimum of fiv¢ tnstees serviDg atany particular time. At IEast one ttUStee sball also be trustee of The Three River5 Partnership, Dors¢t. The Board has developed a la}ered proces5 for sel¢ciing additional trnstees: potential new trustees are consldered for appointsnent after the cornpletion of a qucstionnairc and after the> have had the opportullity to tneet all the trnstees infornially. The Board then a considered decision in t¢rn]s of appointing new tnjstees offer the Board added valueiexpcrtisc and who share an ¢xisling motivation to sce the organisation blossom and suc¢eed. New tn￿(eeS are provided with training after th¢y bave been appoinied together with a sffigniflcant library of key contexthal d0cu1nen￿titsn. Th¢ Board has a strong team of tn]5tee5, tbe majority of whom were recruited duriDg 2022-23. The Bt>ard has become much more roThfidellt in its capacity w offer strdregic dirttlion, developing its own corpordle sense of identity during this fonnative p¢riod. Th¢ B(Trard will continue to improve its effKtiiwJek8 in exploiting the n]any talents of It￿1VIdUal truste¢s and cxpccts to strengthen i($ capacity to offer appropriate strd¢egic and coillmercial suptrf)rt to the business dwing 2025-26. E GILLINGHAM commu￿lTy LEISURE TRusf LIMITED TRL,STEES' REPORT FOR THE YEAR E￿DED JO JUTr*E 2025 THE ORGAf4isATIONAL STRUCTURE OF THE CHARTTY Ahu) HOW DECISIOYS ARE MADE The Btsard of trusiees meets regul8rl)' on a monthly basis a5 a full Board with faC¢-t￿faCe m¢¢tings. The Board reviews the operdtlOD of the busitLe5s, holding the General Manager and his sraff to acwunt and tskes all the key strategic and investment dfXiSiQttY as a ¢orporat¢ entity. The Board is infornied by regular monthly reports from the Generdl Matvdger and the Finance Man8g¢r and (K¢o5ional stsff presen￿onS. The day-tsFday operation of the bu5ines5 i5 delegated to the manag¢mcTh¢ tcam lcd by th¢ G¢n¢rnl Manager. The company 15 a Subsidiary ¢ompany of The Three Rivers PartDersbip. Dor8eL which is a Charity that works ¢losety with statutory. non-statutory and other reprwntational bodics to promo￿ community PaticipE4tion in healthy recreation, POLICIES OF• RESERVES The trust¢es hay¢ establish reserves to prnvide for fimre activities. which stood at £52k at the year eDd. and ar¢ held as a contingency for wibudgeted wsts aTLd em¢rgencyTepairs. The majority of the Charitys balance sheet reserves ar¢ represented by f￿¢d assets following the development of the Riv¢rsM¢et Contre. RISK The trustees have identified the major risks affecting the Charity And regularly review these risks to ensure that the risks e nwnaged effectivety by the charity t[￿￿e¢S and managetnent. Th¢ trust¢¢s alt activelv managing the risks posed by the ¢nergy crisis. the challet)ge of securing the optimum operational effectiveness for both Air Source Heat Pumps and our hot WAter system and the urgent need to improve our c&8hfiow and fmancial viability. FINANCtAL REVIEW The company received income of £1.940,487 (2024 (re5tated).' £1,796,067), the vost majority of which was membenhip and admission fees from ￿er$ of the original Riversmeet Activ¢ L£isure CeDtre and the new RiVe￿Meet PerformarLce facility. Th¢ company incurred oxpenditute of £1.770,635 (2024.. £1,791,075). Th¢ ¢ompany reconled & surplus of £169.852 compared to £4,992 for th¢ pr¢vious yeor. Th¢se figures ere in part due to a change in aceounting policy for the treatment of capithl grdnt& which were previously defrrred and releL8ed ov¢r the life of the related ass¢L bu¢ are now b¢ing accounted for in accordance with the new Charity SORP. Were tb¢s¢ accounts prepared on the previous basi5. the resu]ts w(Kdd &l￿W operating profits but l¢)sses when depr¢¢iatlon tharges were recogTLised. Th¢ ¢ompany h2d net a&sets at 30 June 2025 of £3,936,480 (2024 (restated).. £3,766.628). Cash at 30 June 2025 was £215,911 cornpared with £77,039 in the prior yEar. THE FUTURE The Tn]stees are excited at the prospects forgrowth in the irnmediate fiJtur¢. The new Board of trustees has a strong mix of differnit tal¢nts, a mor¢ ¢ffecuYe understhnding of corporate goiernance and a deal of enthusiasm lo support GCLT and all its interth, going for%tywds. Th¢ Board is focused on.. I. CoDtinuing to develop and deepen our individual and collective UDder5tanding of the op¢rdtional functioning of the busiDess in order to contribute to GCLT'S fillther success and offer the organisalion the irnaginative strategic guidance and Oy￿SIght Mtiich it needs. 2. Strengthening the Board of Trustees further through the appointhient of trustE¢S with complementary skill Sets and ¢xp¢rienee, on a needs-led b&sis (ideally, this includes having a Gillingha￿ Town Cowh¢ilor on OUT Board in order to strengtheo lo(￿ cornrnuNty relationships and bilateral commwii¢ation). 3. Continuing ￿ champion the need for largetrd training and professional de¥el<4)ment- particularly in t¢rnJs of training our Tniddle ￿￿￿gers. 4. Working hard ts) discov¢r, appty to and re¢eive significant grant awardsldonations in order ¢0 li￿lt the Charity's financial exposure and risk. ov¢rs¢¢iDg the progressive move towards a more sustainJbl¢, viabl¢ org8nisaÈion. THE GILLINGH￿￿ Co.￿￿ILT￿M" ￿11) LElSL4iE TRusf LIMITED TRLISTEES, REPORT FOR THE YEAR KNDED 30 JUVE 2025 rontiDued Improving cotllniuntcatioll and tnarkdiDg in par￿ership with CODllnullity 5takelwIde￿ Giuinghaoi T¢)ThT Cou￿[L Gillinglwi S¢lEooI, DoFrs¢t CounGiL loul emploYe￿¢0￿0rate partllus (esp. Dextra) etc. Builditkg upo the SUCC￿ of our marketing strategy for the ]auncb of BiYersMe¢t PerfoFtDallee (￿41￿8 Lalldo￿ our extem#l marketstig specialists), ¢ontttiue to strengtb¢n atargered theting strategy on a y¢ar-rouud b15is- one whÈch is affoTdablc. Con£olidating and Jnaintsining the fabrÉc of alt GCLT ma#8ges (modernising and refurbishfftg tbe dooring ijk 0￿r arterial COFEidsy%1£20k} and modernising Wet-side Changing Rooll]s [£190kD. Ilriving ow ¢nergy ¢oLsunFption dowll aod en5UFing that vitsl e(wipmeDt (e.g. our Air sou￿¢ Heat Pump4 the remote maEJageuMI of ourASHPs. hot w&wsystem) is w0￿]ng eff￿lentlYWith suitable arrdDgantnts for maiutrnattce legiollella pmention) involving spe¢ialisL ￿hnICal stspport Moving towgr&s a moTr efficienL dat&-ri¢h operattonai leisure EDanag¢ment system wbicb offers better corllmun&calion forl7hryth meMber￿￿$erS tll talldem with more secure arfj¢sS ' control51ti1strll￿g di£iial ￿￿￿tileS ar RfvIAI. finance1£80k) ailowsthÈ5 ]rnp)rt￿ p120ned step-change in development. PUBLIC BEFIEFIT The trustees confwm thai the). baye complied with the duty itk S¢ttion 17 (5) of ￿- Ciwities 2011 to bave dlle rewd to the public benefit gi]id8uc¢ publi5h¢d by th¢ Clwitv Coo}D￿0￿ Specifically, th¢ (rksst¢¢s ¢ottqid¢r that tbe factlitie8 for recreatiim and leisure witl be av8ilabl¢ to all me￿￿er$ of the w5nwullity. AccouKfiNC ATrID REPORTING RLSPONStBILTfIL8 Charity law requires the tr￿teeS to prepare financial stateEneDE for each fi￿a￿¢la1 period, in 4ccordance with appli¥thle law and utttl￿ KingdoTh Gcnernlly Accepted Accouniing Practice ItIK GAAP) whtch gtve a Enic fair view of the financiAI activities of the company durÉng the year attd of its finallcial posiiion * the elld of the periryl. lft prepar&tig those stat¢tiMity the TnL8te¢s are required to: l) Select suitabk a¢¢ountillg policies alld then apply them cO￿S&￿eN￿. 2) Make judgemetlls and estimates thai are teasollable and PTudeJtr. 3) State wthetber appli¢able accounting standards aad ststeEn¢llts of recommended prdctice have been followed, $ubject to any departsr¢s disclosed and explained in the financiaj state5Uth 4) Prepare th¢ 8¢cowIts on a ¢yorllg concern basis unle55 it is iuappropEiat¢ ¢0 asstsn￿ that the compauy will contttiue iti op¢ration. TheTTUSt¢es are responsil)le for keeping adwuat¢ a¢¢ixfjw ￿ordS which disclose with a¢¢uracy at any lime the flltancial position of th¢ cowpany which enable them to eD5UtE that the fiDantial statements compty with th¢ provision5 of the Companies Act 2006. They are also Tr$p￿1￿1¢ forsafegwrding the assets of the charity and hence for taking r¢asonabl¢ steps for th¢ prEvenEiottalld detecuoll of fraud and other irr¢gtd8rities. The Trnstees C￿firn thaL so far &$ tbey aware. there is no Televani audit tof(Ym&Èiott of which the COTDpaDVs &uditors are Unaware; aod each trustee has taken steps wbi¢h h¢ or sh¢ Oug￿ ¢0 have takell as a tr￿slEe to tDake hÈmself or herself awaTe of any r¢kvaut &udit infOn￿tiOn and to establish that the c4>mpaJJ￿s al￿110[$ are &ware of that inf0m￿li0￿. This report kn been pjrpared in accordan￿ with th¢ wi81 pmvisitM5 of 15 of the Cotw)ani¢5 Aei 2006 relating to small compallies. Siglled on behalf of the Th￿[ees. Approved bytheTmste¢s on Mr P Silvester CBE THE GILLINGHAI¥I COMMUNTfY AliD LEISLIRE TRUST LIMrrED tNDEPE,NDETr4ry AUDITOKS, RF_PORT TEES OF THE GILLINGHAM COMMLThITY & LEISURE TRUST LIMITED TO THE TRU OplDIo We have audited the financial stat¢]Dettts of The Gillingham corr￿￿nIty and Leisure TNst Limited (the"CbariV} for the year ended 30 June 2025 which comprise the Stalement of Fit)ancial Activities, BalaD¢¢ Sheei, the Cashflow Stat¢m¢nt, and notes to the financial statements, including a summary ofsignificant accounling poli¢ies. The financial r¢porting fram¢woTk that h&8 b¢en applied in their preparation i5 applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financia] Reporting Standard applicable in the UK and Republic of Ir¢land (Unitrd Kingdom Qenerdlly Accepted Arxounting Practice). In our opinion, the f￿￿nCial siatemeDts'. i) give a true and fair view ot the statg of the Chartty's affairs &8 &130 June 2025 aDd of it5 irtcome and expendifure for the y¢ar th¢ll ended. ii) have been properl>, prepared iu accordance Lnited Kingdom Genern]]y Acc¢pt¢d A￿4)untIt)g Practice. iii} have been prepared in accordance with ¢hc requirements of the Companies Art 2006. Basts for opinion W¢ conducted our audit in ￿cordanC¢ with Int¢rnfytional Standards on Audtting IUK) (ISAS (UK)) and applicable law. Our respon5ibililies under those 5t3Ddards fvrther described in th¢ Audiior's rewnsibilitie5 for the audit of the financial statements section of our report. Ive are independent of the Charity itt accord8nce with the ethical requirements th&t are relevant to our audit of the fitwicial ststements in the UK including the FRC'S Ethic Stsndard , and we have fidfilled our other ethical responsibiliti&% in accordance with these rcquirements. We believe that tb¢ audit ¢vid¢nce we have obtained i5 suffi¢ient and appropriate to provide a basis for our opinion. Conelusions rel*tlvg to going conttrn In auditing the finwicial statetneuts we haye concludd tbai the truste¢s us¢ of the going concern basis of accounting In the pr¢paratsoll ijf the fm2nciai statements is appropriate. Based on the ￿'ork w¢ wforniel we have not identified any material un¢¢rt8Tnlies relating to evcnts or conditions that, individualty or collectively, may c&8t doubi on the charitable cornpany¥ abiliry to continue as a going conc¢rn for the period of at least twelve tTwDths from th¢ dale when the finaDciai stat¢meats are authoris¢d for issue. Our re5pon5ibilities and the r¢sptmsibilities of the trustees with respert to going ¢oncern are described in the relevant sections in thi5 report. Other inforniation Thc trllstees are responsible for the other inforniation. The other illforrnatioil compTise5 the inforn￿tiOn included in the annual report other than the financial State[[￿￿ts and our audiior's ￿port thereon. Our opinion on the t.￿￿]¢￿al stal¢rnents does not ¢ov¢r the other Inforn￿tIon and, except to the extent othetivise explicitly stht¢d in our report, we do Dot express any forni of wurance conclusion thereon. In connectioll with our ￿di1 of the finan¢ial sta¢em¢nts, our ra8ponsTbiltty is ty r*1 the oth¢r inforfflation and. in doing so. consider whether the other infomation is matrrially incoJLsislent with th¢ finaDcial 5tatemenis or our kllowledge obt&ined in ihe audii or otb¢Thvis¢ appeats to be nwerialty misstat¢d. If we id¢Dtifj, such material inconsisteneies or apparent material Tnisstatenwits. w¢ art req￿ired to deterniine whdher there is a material misstatement in the financial statements or a material mi5Stat¢meot of the other inforjnation. If, based on the work we haye p¢rfonned, w¢ conclude that there is a material rnisstht¢ment ofthis other inforn)atXO]L we are required to report that facL We have nothing to re￿rt in this rwrd. HE GILLINGHAM COMMLNITY AND LEISLRE TRUST LIMITED INDEPENDEYT ALDITORS, RF_PORT TO THE TRUSTEES OF THE GILLtSGHAM COIIMLNrrY & LEISURE TRUST LIMITED cor￿L￿LID Opinlons oll other D]atter5 Pr￿CrIbed by the Companies Act 2006 Its our opinion, based on the WO￿ undertaken in the CQUTse of the audit i) the information given in the trustee diTe¢tors' report for the financial year for which the financial statements ar¢ prepared is consistent with the financi￿ statements.. and li) the truste¢ dir¢etors' r¢port hav¢ b¢en prepared in accordance with applicable lega] requirement5. Matters OD whkh we are required to report by exeeptlon In th¢ light of th¢ knowledge and understanding of the Charity and its envirorllnent obthined in the course of the audit. we have not iden¢ifi¢d material missiatements in the tru5t¢e direcwrs. rewrL We have nothing to report in respect of the following matters in relwion to whi¢h the Companies A¢t 2006 requires us to rewrt io you if, in our opinion.. i) adequate accounting records have not been kepi orretWDS adequ&t¢ for our audit bove not been ￿CeiVed from branches not visited by us. li) the financial statements are not ill agreement with the accounting records and retunL8' iii) certain disclosures of trustees, remuneration specified by law are not made,. or iv) we have n(* obtained all the inforniation and explanations necessary for the Purposes of our audiL Responsibilities of the trustees As explained rnore fully in the trll8iees' respon8lbilities Sta￿llent on page 4, the tslL8tees aty responsible for the preparation ofthe fmancial 5talements and for betng satisfied that thty give a mie aDd fair view. and for such internal Control as they determine is necessary to enable (he pre￿￿10n of financial ststenients that are free from ￿aterIal misSta￿￿ell( whe4her due to fraud or error. In prcparing the financial slatcment& thc kn]stees are responsible for assessing the Charitv's ability to continue as a going concern, di5closin& as applicable, matters r¢lat&l to going concern using th¢ going concern basis of accounting utdess the wst¢es eithv iotend to liquidate the Charity orto cease operations, or have no realistic altern￿1Ve but to do so. THE GILLINGE￿￿ COMlfLTrryTY LEISLUiE TRUST LIMrrED I.JDEPE.NDE)'T ALI)rro1￿, REPORT TO THE TRUSTEES OF THE GILLING1￿￿ COMMLTNITY & LEISURE TRUST LLIIITED COLNTINLED Audltor's responslbi1fiti￿ for the audit ofthe finaDci•l stst¢rnents Our objectives ar¢ to obtain reasonable assurance about whether the financial statements as a whole 8ro free from material misstatemen¢ whether due to fraud or em)r, and to issue an auditor's r¢portthY4t Tnclud¢$ our opinion. Reasonable as$urance is a hi￿ level of W￿r￿ce, bu¢ is not a guarantee that an audit conduct¢d in accordan￿ with ISAS WK) will a]wa)E de￿¢t a material missraiement when it exists. Misstatements can &rise from fraud or enor and are ¢onsidered nmterial if. individually or in the aggregate. they could reasonably be expectcd to illflucnc¢ the economic decisions of users tsken on the b&8is of these fitwicial statEmellts. As p&rt of an audiL in accordanc¢ with ISAS (UK). the auditor exercises professional judgment and maintains professional scepticism throughout the audit. Irregularltles, includittg fraud, are instances of nOn-￿mpliancC with laws and regulations. We design procedures in line with our responsibiliti4 outlined above. to detect materiAi mt&statemEnts tespect of irregularities. inoluding fraud. The extent to wbich our procedures are capable of detec¢iDg irregularities, including fraud is detailed below. Our work on income includes reYiewin8 iticome Streams for completeness and culryoft which we consider gives good assurance over the accuracy of incorne and d¢btor5 in the accounts. Our work on creditOTS and expenditure is a150 GODsid¢r¢d capable of gsving assurdnce costs are vab"d b￿lnesS expense% aTLd included in the correct accourytirAg period. Worfi on con]pliance with laws and regulatioyjs is limited to inspection of C4)JTespondenco and enquiry of management alld so there are inherent limitstions ID these auditprocedLres. A (urth¢r de5¢ription of our responsibilities for the audit of the fjnaneial statements is located on the Financial Reporting Council's web5itE at.. [www.fv.or&uklr¢uditorsrespoJ)Sibiiiti￿j. This description forms part of our auditor's report. This r¢port is made Solely to the Charity's members, as A body, in ac￿rddDcC with Chapter 3 of Part 16 of the Companies Act 2006. Our audil WOTk has been undertaken 50 that lye ￿ight stste to th¢ Charity's members those matters we are required to Stale to them in an audiior's report and for no other purpose. To the fullesl extent pwmitted by law. we do Thot accept or responsibility to anyone other than the"Charity's mcmbers as a body, for our audit work, for this reporL or for the opinions we have fomicd. James Fl¢tch¢r. S¢nior sta￿lOry Auditor for and on behalf of Fletcher & Partners, Chart¢r¢d Accountants and Statutory Audttor5 Crown ChwDb Bridge Street Skli$bury ?& ?076 THE GILLINGHAM COMI MU.NITY AYD LEISL.RE TRUST LIhIrrED IMITED EE STATEMEhry OF FtNLNCIAL ACTIVITIES CORPORATI.NG tliCOME & EXPENDITL]iE ACCOUN FOR THE YEAR EtsI)ED 30 JUYE 2025 UDrestriete4i Restrleted Fulld 2025 Totsl Fund5 2025 Total Funds 2t124 Notes 21b25 (Resta(￿) tNCOME AND ￿￿7)oWM￿NTs FROM: Donation4 legaoies and gr3llLs Charitable activities Oth¢r trading incoTne Investment in¢om¢ 10,142 1.496,446 166.319 266,696 276,838 1.496.446 166J19 884 214,553 ,322,154 258,287 I,Q73 Total Ineome 1.673,791 266,696 1,940,487 ,796,067 EXPEP4DrruRE ON: Raising funds Charitabl¢ activities 77,013 1.693,622 77.013 1,693,622 126,838 1,664,237 Total Expendlture .770,635 1.770,635 1,791,075 Net Income l (expendlture) (96,844) 266,696 169,852 4.992 Transfers behyeen funds 139,764 (139.764) NET MOVEMEIYT If4 FUNDS 42.920 126,932 169.852 4,992 RECONCILIATION OF FUNDS Fund Balances brought fon¥ard 19 £3.733.060 £33.568 £3,766,628 £3,761,636 Fund B￿1￿ceS carried fonvard 19 £3.775.980 £160,5￿ £3,936.480 £3,766,628 The results deriv¢ from continuing activities and there are no gains or losses other than th05¢ showi abov¢. The notes on p8ges I1- 20 forni part of tbese accout GILLn¥GH￿l COEtrlM LIMITED BY GITA LEtSLTRE TR SHELY 2024 (Res¢8ttd} FIXED ASSETS li 4328.843 4J93,238 ctJR]RENT ASSET8 Stock Debtors Cash *bank illh4tEd 6,740 21 J41 215.911 8.325 21.449 77.039 13 244,492 106.Y13 CREDITORS.. amouDts f￿l￿g due vdithln Ot￿YeAr Credito 14 {208,39B> 1228.873) (1406Q) NKf CURRENT (LIABILIT￿) 36.094 CRBDrroKs: amowits fs]lkngd#e 4fttr mDT¢ on4 y¢ar {42&4 1504,550) I¥ET ASSETS £3,936A80 £3.766,628 R¢preseutimg.' UNRLsTRJ￿￿D ThCOME FUhl)S (￿￿eral fund 19 3.775,980 3.733.ts6Q RF5trtGI￿ flinds 19 160,51>) £3,936,480 £3.166.628 The a¢couBts have beehprepard Ix ac¢ordaTK¢with the wial wovi8ionB ofpart 15 ofth¢ Corapallks A¢t 2006 Fgl&tiD8iD st>ull ¢onwÈ¢ Approved by thc TnL*es oo L aod sigD¢d OL their behalf by Mr P &Iv4>g*r CBE TheRwt¢s on pagu 11. 20 fornipartoYth¢se fj¢¢4)￿ts THE C.ILLINGHAM COMMLliITY AND LEISURE TRUST LIMITED DIITED BY GUARA.NTEE COMPANY fiUMBER: 0686851 STATEMThry OF CASH FLOWS FOR THE YEAR ENDED 311 JUNE 2025 2024 CASH FLOWS FROM OPERATING AcfIvITIKS Net cash provided by op¢rating activities 425260 175,197 CASH FLOWS FROM INvEST￿G AcfiviTILS Interest received Interest paid Proceed$ from th¢ sale of ￿ed assets Purch￿ of property. plant and equipment 1,073 (33,451) 500 (265,777) (14.874) 3,125 (210.979) N¢t ¢a8h proyided by (used in) illV¢5ung activities (221,844) (297,655) CASH FLOWS FROM FIN￿Nc￿G Acrtvi New borrowing leose5 New borrowing loans R¢paymeDt of ixirrowing Repayment ofborrowing CIIANGE IN CASH AND CASH EQUIVALENTS IN THE REPORTINC PERIOD 27.500 202,123 lea4es loans (24,402) (67,642) (44.577) £138.872 £35,088 C&gh and cth equivalents at the beginning of the reporting period Cash and casb equivalents at the ¢nd of the reporting period 77.039 41,951 £215,911 £77,039 NOTES TO THE CASH FLOW STATEMENT Reconciliation of net ineomd(expenditure) wlth net ca&h now from operating activitie5 Net iocomel(expenditure} for the reporting period (as per the statement of Fmancial activktie5) Adjustments for.. Depreciation and impaim)ent charges DiYid¢Dds and illterest from inve5tnients Interest pavable IProfit)Iloss on disposal of fLKed assets (tn¢r¢aselldeere&se in stock (try¢r￿e1/de¢reasc in debtors In¢T¢#sel(d¢¢re&8e) in Creditors 2025 2024 169.852 4,992 269,720 (884) 14,874 247.630 11,073) 33,451 (388) 2,588 1,799 (113.802) ,585 (392) (32.023} N¢t wh flow provided by opernting actiyities £425260 £175,197 Compollents ofeash ¥Jnd cash equiv41ertts: 2025 £215,911 2024 £77,039 Cash at bank 2nd in hand The notes on pages I I to 20 fr1rn] part of these accounts. e 13 THE CILLtNGHAM COMI¥ILYITY AND LF.ISURE TRUST LINflTED IMETED BY GLARA.YTEE YOTES TO THE ACCOU.N'TS FOR TI￿ YEAR ENDED 30 JL￿￿ 2025 I. ACCOUNTING POLICIES a. Basts ofaeeollntlrkg The A¢¢ounts hav¢ been prepared in a￿ordanCe with Accounting alld Reporting by Charities.. Statement of Rec4)mmend¢d Practice applicable to chariiies preparing their accounts in accordance with the Financial Reporting Stwidard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019) and the Companies Act 2006. Assels and liabilities are initiatly recognised at historical cost or transaction vdue llnle$s otherwis¢ stated in the relevani accounting poli¢y noi¢$. Having reviewed the finances of the company, ￿gether with the expected on-going demand for service 8nd ￿tUre projected c&sbflows, the Trllstees have a reasonable exptctation that tbeTr are adequate resource5 to Continue its g¢1ivilies for thtr fores¢eabl¢ fvth. Critleal aefoll￿tIng judgements and key Sources of e5tirngtion ￿￿CertaInty In the application ofthe accounting ￿liCIes, the Trustees are required to n￿ke judgements, ¢stin￿teS, and assumption5 about ihe carrying value of assds at)d liabilities that are not readily apparent from otber sources. The estimatrs and underlying &ssumptions are based ott htsthrical experience and other factors that are Co￿[dered to be relevant. Actual results may differ from tbe5¢ ¢5tinwtes. The estimates and underlying assumptions are reviewed on an ollgoing basis. Revisions to accounting estllnates a recognised in the period in which the estill￿te is revised ifthe revision affects ottiy that period. or in tbe puiod of the revision and future pEriods if the r¢vi5iott aff¢ct¢d current and futurE p¢riod5. In the view of the TNstres. DO assumptions concerning the futwr or estimation uncertainty affecting assets OT liabilities ai the balance sheet date are likely th result Ati a matrrial adjusDnent to their carrying amounts in the next rinancial year. The following accounting policie5 have been applied consistently in dealing with items which are consid¢r£d material in relation to the Company's fiDancial statetnen b. Tangible Fixed Assets Capital llssets are capitalised at cost. Tangiblc fixed &5sets are depreciated on a stsèigbi line basis over their anticipated useful economic live4 usang the following A￿￿￿41 rnies: Freehold property Genergl plant and ¢quipment HeAt exchanger and LED lighttng RM2 equipment and building improvements 2Vo stsay￿}I line 25QA redu¢ing balan¢e 5% straight line IOP/D straight lin¢ Impairmentrevi¢ws are und¢rtak¢n io id¢ntify the ¢arrying v4lu¢ of fix￿ ass¢ts is appropriate. e. Income All income is recognised on the receÈvable basi4 ull]ess it is defeJTed. and is exclusive ofvAT. Leisure centre membership subscription5 have bea] recognised ID the period that they are paid. Income received that relates to future accounting perio&q is treated &8 defetted income and is tty￿ed as a liability. Inrotu¢ is allo*ed to th¢ appropriale ￿OUnting p¢rio e 14 THE GILLU¥GHAM COMMLNITY LEISURE TRUST LIMITED LLMITED B Y GUARLYIEE 'OTES TO THE ACCoL.￿Ts FOR THE YEAR EYDED 30 JUhE 2025 l. ACCOUNtINC POLICIES (eolltl￿￿ed) d. Grants and doDatlDn8 Donation& grants aDd gifts are rKognised when weivable. ID the event that a donation 15 subject to fu]filling performance conditions before the charity is entitled ￿ the fuDds, the income is deferred and not recognised until 1¢ is probable that those condiiions WIEI be ￿lflued in ibe reporting period. Incom¢ from gov¢mment and oth¢r gr￿ts. whether'¢api181' grant5 or'rev¢nu¢' grants, ar¢ ￿0￿￿1$¢a when the charity has ¢ntitl¢n]ent to th¢ fi]nd5, any perfonnan¢e condthons attached to the grants haye been met. il 15 probable that the income will be received, and the amount Can be M¢￿Ured reliably amd is not def¢￿ed. Grdnts and donations for specific purposes are accounted for as receivable and are treated as fomiing restricted nds. ExpeodTrture Expendiiure is recognised on an accruals b￿lS &8 a liabilty is tncurred. The Clwity is able to partially recover VAT and irrecovernble VAT is reported as pArt of the ¢xpendikntre to which Ét relates. f. Charitable activitles Charitable expenditure shall include all expendiDJre diredty relafrd to ibe objects of the Charity. g. Pe￿s￿On5 Employer pension c4)ntributions Ar¢ paid uttder a defjned contribution petssion scheme. The a￿ts of the scheme are h¢ld separately. Contributions are cbarg¢d a8 expenditure iti the period for which thry be¢ome payable to the penston sehemB. h. Govern&ncg costs These costs represent ihe costs in¢unYd by the Charity in respect of n]anagement and administrative expenditure and ¢ompliati¢e with st8rutory awl l¢gal requirem¢nts. Fund A￿ounting Funds h¢ld by th¢ charity f411 itits) the following rategori 101,425 403,125 obligatio￿ under f]nance leases Loan account 101,980 326,477 £428,457 £504,550 Th¢ loall a¢coun¢ is mft(]e up of thr¢¢ balances= Dorset Council interest free loan. repayabk in eq￿1 in5talments over 22 years. Th¢ remaining balance due after one year is £165.568 (2024: £179.659). Two unsecured loan5 from aD unrelated paty, repayable over 5 aDd 10 yeaT5 respectivety. Con)bin¢d balance due after one year of £62,267 (2024.. £84,667). Balance of a Coronavirus Business Intrrrupuon Loan Scheme loan (renegotiated in yearl due after on¢ year of £98,641 {2024: £138,799). L