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2025-03-31-accounts

Company registration number: 07451733 Charity registration number: 1141018

Achieve Lifestyle

(A company limited by guarantee)

Annual Report and for the Year Ended 31 March 2025

Stewart & Co Accountants LLP Knoll House Knoll Road Camberley Surrey GU15 3SY

Achieve Lifestyle

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 10
Statement of Trustees' Responsibilities 11
Independent Auditors' Report 12 to 15
Statement of Financial Activities 16 to 17
Balance Sheet 18
Statement of Cash Flows 19
Notes to the Financial Statements 20 to 38

Achieve Lifestyle

Reference and Administrative Details Reference and Administrative Details
Chief Executive Officer G T Baker
Trustees J Taylor
K W Phillips
K Heal
E O'Shea
G T Baker
J A Febry
M R Adams
Secretary M Evans
Senior Management Team M Evans, Business Director
G T Baker, Chief Executive Officer
Registered Office Egham Orbit
Vicarage Road
Egham
Surrey
TW20 8NL
The charity is incorporated in England & Wales.
Company Registration Number 07451733
Charity Registration Number 1141018
Solicitors: Barlow Robins LLP
Concord House
165 Church Street East
Woking
Surrey
GU21 6HU
Bankers The Co-Operative Bank
1 Balloon Street
Manchester
M4 4BE
Auditor Stewart & Co Accountants LLP
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

Page 1

Achieve Lifestyle

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2025.

The Trustees confirm that the Annual Report and financial statements of the Company comply with the current statutory requirements, the requirements of the Company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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) as amended by Update Bulletin 1 (effective 1 January 2015).

Since the Company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

Objectives and activities

Objects and aims

Achieve Lifestyle has been established for the benefit of the public for the following purposes;

Public benefit

Achieve Lifestyle has been established for the benefit of the public for the provision or assistance in the provision of facilities and services for health, leisure and recreation time occupation and in the interest of social inclusion and engagement and the promotion and preservation of good health through community participation in healthy recreation.

The public benefits statement forms the basis for all judgements regarding operational reports to the Board meetings, in order to be reassured that the facilities and services currently managed by the charity continue to meet these criteria.

At these meetings, the Chief Executive presents the up to date financial position, operational budget performance and new initiatives in line with strategic plans.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

Achieve Lifestyle

Trustees' Report

Achievements and performance

Achieve Lifestyle’s purpose and vision is “helping make things achievable” for our local community, and its mission is “to be the leading health, leisure and wellbeing provider within the local community” and is represented by its desire to;

Achieve Lifestyle’s key themes for 2024-2025 were;

Based on the vision and themes following achievements were delivered;

Social Impact and Public Benefit

The local demographics of Runnymede have high numbers of young families, and the programming at Achieve Lifestyle has activities to help meet their needs and demands, such as: Preschool swimming, junior sports courses, parent and toddler sessions.

The learn to swim programme continues to increase in numbers year on year, additional school bookings have increased, noting that the national curriculum requires children 11 years and over to be able to swim 25m. Egham Orbit is helping deliver on achieving this life skill to the local community.

The GP referral and Healthy Living programmes have significantly developed into the “Get Active - Stay Active” programme. This commences with support sessions led by specialist instructors through to a graduation by the participant into self-choice social sports clubs and activities. The key purpose is of helping individuals become more independent, by providing initial support through to improving their health to enjoy other leisure and social pursuits.

Partnership work continues with the NHS through Ashford & St Peters Hospital Trust, for physiotherapy rehabilitation, as Egham Orbit has become a “physio hub in the community” venue, this has included the addition of Junior Physiotherapy (in the pool).

Achieve Lifestyle have been working alongside Runnymede Access Liaison Group (RALG) to provide an inclusive environment for swimmers with disabilities, by making the new swimming pools at Egham Orbit as accessible as possible. Achieve Lifestyle have also partnered with Egham Constellations to offer Runnymede residents with restricted mobility the opportunity to swim in a safe and friendly environment.

Egham Orbit is facilitating the disabled community of Runnymede by providing:

Page 3

Achieve Lifestyle

Trustees' Report

Other specialist pool sessions offered include SEN sessions.

The spa has seen a significant uptake in therapy wellness treatments for individuals with varying conditions such as long Covid, depression, anxiety, and cancer. The treatments are delivered by a team of trained staff and bespoke range of therapy products.

An investment of over £300k was made this year to upgrade and improve the Health and Fitness facility and indoor cycling studio. These improvements included a full refurbishment of all equipment, flooring and decoration and new services such as drinking provisions and digital upgrades. This project has directly impacted on our membership numbers with significant increase in new joiners even within the first 5 months of reopening.

The new equipment has also increased our ability to offer ever more inclusive services and accessibility for our community.

Community Impact- Health & Wellbeing

Despite the financial and cost of living challenges faced by customers, which had a huge impact on leisure and sports facilities, the trust has continued to deliver the following;

Young People

Disability

Page 4

Achieve Lifestyle

Trustees' Report

Main Activities Undertaken to Further the Charity's Purposes for the Public Benefit

Achieve Lifestyle has been established for the benefit of the public for the provision or assistance in the provision of facilities and services for health, leisure and recreation time occupation and in the interest of social inclusion and engagement and the promotion and preservation of good health through community participation in healthy recreation.

The public benefits statement forms the basis for all judgements regarding operational reports to the Board meetings, in order to be reassured that the facilities and services currently managed by the charity continue to meet these criteria.

At these meetings, the Chief Executive presents the up-to-date financial position, operational budget performance and new initiatives in line with strategic plans.

Corporate Responsibility

The development of being environmentally sustainable is a priority in our undertakings, in doing so our commitment is demonstrated through our Environmental Policy that states;

Financial review

Results are for the year ended 31 March 2025

The main funds are raised from the general public in exchange for taking part in health, wellbeing and sports and leisure services.

Income for the year ended 31 March 2025 was £3,699,099 and total expenditure for the year was £3,787,572. Achieve Lifestyle therefore reported a net expenditure of £88,473.

Achieve Lifestyle reported a total funds deficit of £359,476, as the company's liabilities exceeded it's assets.

At the end of March 2025 cash held by the Company totalled circa £337,287.

Page 5

Achieve Lifestyle

Trustees' Report

Going Concern

A new rental fee was confirmed for the period 2024 - 2029 has now been agreed as per the lease agreement with Runnymede Borough Council (RBC).

Discussions are on going regarding historical rent arrears with RBC, which cover periods around the Covid Pandemic when Achieve Lifestyle, like all sport and leisure facilities, were unable to operate their facilities and services.

Further reviews for action also continue of two key expenditure items;

  1. Utilities - Securing the best options for utilities contracts, and making proactive steps to reduce usage across the facilities.

  2. Employee Costs - There continues to be a dynamic staffing structure, to ensure job roles match customer demand and that the organisation is fit for purpose.

Policy on reserves

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

Achieve Lifestyle’s reserves policy is to have free reserves before FRS 102 adjustments. The Trustees policy is, taking into account the charity's financial circumstances and other relevant factors, to rebuild reserves to a level that facilitates the Company's resilience and capacity to manage unforeseen financial difficulties.

Free reserves of the charity, after pension reserves, amounted to a deficit of (£1,098,476).

There is a fund set up to build the reserves, with monthly contributions for unforeseen capital maintenance requirements. This fund will be increased in line with affordability, with the target of obtaining a reserve fund of 3 months operational expenditure as soon as practically possible.

Investment policy and objectives

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 reserves, to gain interest.

The current priority is to ensure that any surplus cash is available at short notice to provide short term liquidity and protect the business from unplanned post Covid challenges.

Page 6

Achieve Lifestyle

Trustees' Report

Principal risks and uncertainties

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud, error and non-compliance with relevant statutory regulations.

The Governance Sub Committee of Trustees meets quarterly and has an annual schedule of statutory governance checks to ensure compliance is maintained and achieved, this includes a review of company policies, procedures and activities to ensure that the Trust meets their legal and statutory obligations thus minimising risk to which the charity is exposed.

Procedures are also in place to comply with health and safety legislation; this includes a Health and Safety Policy. There is also external support from a specialist health and safety consultancy which includes meetings with the nominated health and safety lead staff. The purpose of the meeting is to review all systems and safe working practices, including risk assessments, fire safety and support for ensuring a safe and consistent approach is undertaken for insurance purposes.

The major risks to which the Trust could be exposed to have been reviewed and actions are undertaken to help mitigate these risks.

The key risk regards historical rent arrears, and discussions taken place with the Trust’s landlord (RBC) in regards to an agreed reduction, or removal of these debts.

The other key risk is regarding the financial performance of the Addlestone Health & Fitness site, which has still struggled to fully recovered from the impact of the Covid pandemic in 2020/21 and the introduction of two direct competitors opening within Addlestone, which has impacted membership numbers and engagement.

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

Plans for future periods

Strategies and Policies

Performance against budget is reported to the Board of Trustees bi monthly, with a monthly summary also circulated for the most up to date data.

With effective cash flow management, the trust is operationally solvent and the steps being taken with the landlord will help enable the business to thrive.

The future strategy is focused on profitability and building on reserves, this involves;

Page 7

Achieve Lifestyle

Trustees' Report

Senior Management Team Remuneration Policy

The pay and remuneration of the senior management is set in reference to the complexity of each role band is benchmarked with similar to organisations in the region and charity sector.

Annual pay progression is discretionary and subject to performance, affordability and the prevailing market rate for the role.

Employee Involvement

Achieve Lifestyle continues to actively engage with its workforce, striving to be a great place to work, giving colleagues job satisfaction and reviewing opportunities for development.

All staff receive a comprehensive performance review, with associated personal development training plans.

Achieve lifestyle regularly communicates with staff through department and individual and team meetings, all staff meetings, staff newsletter, staff handbook and general feedback. An annual Staff Satisfaction survey provides anonymous feedback regarding the work environment and experience of staff’s day to day work.

Achieve Lifestyle regularly monitors developments in the external environment for new ways to communicate and engage and are currently looking at greater digital communication tools.

Achieve Lifestyle has a range of policies in place to support staff, they include Health & Safety Policy, Access and Opportunity (Equality), Code of Conduct, Staff Consultation, Modern Slavery and Domestic Abuse.

Achieve Lifestyle recognises its responsibility under the Equality Act 2020 and have long established and fair employment practices in the recruitment, selection and retention and training of staff, particularly for people with protected characteristics.

Future Aims & Key Objectives

Achieve Lifestyle is continuing to work with RBC in supporting council community aims, providing discounted access to sport, health and wellbeing activities through agreements and funding with the council, and it is expected that this will continue to grow and develop.

Discussion have taken place on enhancing the Egham campus, by looking at partnership opportunities, such as;

  1. Working with organisations to bring other sub tenants to the external grounds

  2. Improvement and upkeep of current facilities and services

Work continues with local, regional and national partners such as National Governing Bodies, Sports teams, the local NHS Primary Care Trust and community groups and associations, to ensure Achieve Lifestyle is embedded into the local community and is able to provide access and services to as much as our community as possible.

Going forward, the key elements for Achieve Lifestyle are:

Page 8

Achieve Lifestyle

Trustees' Report

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: J Taylor
K W Phillips
K Heal
E O'Shea
G T Baker
J A Febry
M R Adams
Chief Executive Officer: G T Baker
Secretary: M Evans
Senior Management / Leadership M Evans, Business Director
Team: G T Baker, Chief Executive Officer

Structure, governance and management

Nature of governing document

The charitable company is constituted under a Trust deed and is a registered charity number 1141018. It does not have any subsidiary undertakings.

The charitable company is controlled by its governing document The Memorandum and Articles of Association and constitutes a company limited by guarantee as defined by the Companies Act 2006.

The composition and size of the Board is reviewed regularly to assess skills requirement of the Board for it to meet the needs of the Charity.

The board meetings take place 6 times per year, with a compliance subgroup which meets as a minimum for 4 times per year. The subgroup covers financial, HR, audit, and governance.

The directors of the Company are also charity trustees, for the purposes of charity land legislation. Under the Company’s Memorandum and Articles of Association, the trustees are elected to serve for a period of three years after which they are eligible for re-election at the next Annual General Meeting.

The Company is made up of up to 7 trustees, one of whom is the Chief Executive in an ex officio role.

Page 9

Achieve Lifestyle

Trustees' Report

All directors (excluding the Chief Executive) give their time voluntarily. Any expenses reclaimed from the charity are set out in the accounts under Trustees Remuneration and Expenses.

A register of Trustees relevant interests is maintained and updated regularly.

There are no funds held as custodian trustees on behalf of others.

The decision-making process is that Trustees are responsible for the sound governance of the trust, by making sure the organisation runs smoothly and that funds are properly managed. The Chief Executive leads the management team in all aspects of strategic development and operational management decision making.

Recruitment and appointment of trustees

Recruitment of trustees is done through advertisements as and when vacancies arise, a nominated sub-board of trustees then approve suitable applicants based on the trust's need to support the ongoing development of the trust.

Under the Company’s Memorandum and Articles of Association, the trustees are elected to serve for a period of three years after which they are eligible for re-election at the next Annual General Meeting.

Induction and training of trustees

New Directors / Trustees undergo an induction session with the Chief Executive and Business Director / Company Secretary to brief them on their legal obligations under Charity and Company law, the content of the Memorandum and Articles of Association at the decision-making processes at board meetings and sub board meetings. They are provided with an induction pack and site visits / guided tours to all venues. Training for Trustees is regularly monitored and reviewed.

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

Reappointment of auditor

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Stewart & Co Accountants LLP as auditors of the charity is to be proposed at the forthcoming Annual General Meeting.

The annual report was approved by the trustees of the charity on 19 December 2025 and signed on its behalf by:

SIGNED SECURELY

19/12/2025 at 3:19:15 PM UTC

......................................... K W Phillips Trustee

Page 10

Achieve Lifestyle

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Achieve Lifestyle 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), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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 of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees of the charity on 19 December 2025 and signed on its behalf by: SIGNED SECURELY

19/12/2025 at 3:19:15 PM UTC

......................................... K W Phillips Trustee

Page 11

Achieve Lifestyle

Independent Auditor's Report to the Members of Achieve Lifestyle

Opinion

We have audited the financial statements of Achieve Lifestyle (the 'charity') for the year ended 31 March 2025, which comprise the and , including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (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 responsibilities for the audit of the financial statements section of our report. We are independent of the 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.

Material uncertainty in relation to going concern

We draw attention to Note 24 in the financial statements, which indicates that the company incurred a net deficit, before other recognised gains and losses, of £88,473 (2024: 57,879) during the year ended 31 March 2025 and, as of that date, the company’s current liabilities exceeded its total assets by £993,122 (2024: £751,129). As stated in Note 24 these events or conditions, along with other matters as set forth in Note 24 indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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.

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

Page 12

Achieve Lifestyle

Independent Auditor's Report to the Members of Achieve Lifestyle

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Opinion on other matter prescribed by the Companies Act 2006

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

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

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities (set out on page 11), the trustees 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.

In preparing the financial statements, the trustees are responsible for assessing the 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 trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor 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 these financial statements.

Page 13

Achieve Lifestyle

Independent Auditor's Report to the Members of Achieve Lifestyle

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud, we have obtained an understanding of the nature of the industry, the control environment and the legal and regulatory frameworks that the charitable company operates in.

We determined that the most significant applicable legal and regulatory frameworks are those directly relevant to the reporting framework and preparation of the financial statements (FRS 102, Charities Act 2011, Companies Act 2006 and UK tax legislation). We considered the extent to which non-compliance might have a material effect on the financial statements.

We determined the principal risks which could lead to material misstatement of the financial statements to be related to posting inappropriate journal entries and management bias in accounting estimates. We identified the most significant risks in respect of accounting estimates to be the actuarial assumptions used in determining the defined benefit pension liability, and the determination of depreciation policies.

Audit procedures performed by the engagement team included:

The engagement team also remained aware of the need for professional scepticism to identify any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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

Page 14

Achieve Lifestyle

Independent Auditor's Report to the Members of Achieve Lifestyle

Use of our report

This report is made solely to the charitable company's trustees, 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 charity's trustees 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 charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

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......................................
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...................................... Gary Robinson FCA (Senior Statutory Auditor) For and on behalf of Stewart & Co Accountants LLP, Statutory Auditor

Knoll House Knoll Road Camberley Surrey GU15 3SY

19 December 2025

Page 15

Achieve Lifestyle

Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Charitable activities
Investment income
Total income
Expenditure on:
Charitable activities
Total expenditure
Net expenditure
Other recognised gains and losses
Actuarial gains on defined benefit pension
schemes
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
3,695,794
3,305
3,699,099
(3,787,572)
(3,787,572)
(88,473)
344,000
255,527
(730,003)
(474,476)		 Restricted
funds
£
-
-
-
-
-
-
-
-
115,000
115,000		 Total
2025
£
3,695,794
3,305
3,699,099
(3,787,572)
(3,787,572)
(88,473)
344,000
255,527
(615,003)
(359,476)

Page 16

Achieve Lifestyle

Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Prior Period Statement of Financial Activities

Note
Income and Endowments from:
Charitable activities
Investment income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net expenditure
Other recognised gains and losses
Actuarial gains on defined benefit pension
schemes
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
3,436,393
5,370
3,441,763
1,693
(3,501,335)
(3,499,642)
(57,879)
244,000
186,121
(916,124)
(730,003)		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
115,000
115,000		 Total
2024
£
3,436,393
5,370
3,441,763
1,693
(3,501,335)
(3,499,642)
(57,879)
244,000
186,121
(801,124)
(615,003)

All of the charity's activities derive from continuing operations during the above two periods.

The funds breakdown for the current and prior year is shown in Note 21 of the financial statements.

Page 17

Achieve Lifestyle

(Registration number: 07451733) Balance Sheet as at 31 March 2025

Note
Fixed assets
Tangible assets
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: Amounts falling due within one year
Net current liabilities
Total assets less current liabilities
Creditors: Amounts falling due after more than one year
Provisions
Net liabilities excluding pension liability
Pension scheme liability
Net liabilities including pension liability
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
General Funds
Pension reserve
Total unrestricted funds
Total funds		 2025
£
532,321
7,936
149,137
337,287
494,360
(1,487,482)
(993,122)
(460,801)
(360,675)
-
(821,476)
462,000
(359,476)
115,000
(1,098,476)
624,000
(474,476)
(359,476)		 2024
£
128,623
7,936
23,896
494,419
526,251
(1,277,380)
(751,129)
(622,506)
(38,879)
(49,618)
(711,003)
96,000
(615,003)
115,000
(1,005,003)
275,000
(730,003)
(615,003)

The financial statements were approved by the trustees, and authorised for issue on 19 December 2025 and signed on their behalf by: SIGNED SECURELY

19/12/2025 at 3:19:15 PM UTC

......................................... K W Phillips Trustee

Page 18

Achieve Lifestyle

Statement of Cash Flows for the Year Ended 31 March 2025

Note
Cash flows from operating activities
Net cash income
Adjustments to cash flows from non-cash items
Depreciation
Investment income
Difference between pension charge & cash contributions
Working capital adjustments
Increase in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
(Decrease)/increase in provisions
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
Purchase of tangible fixed assets
Sale of tangible fixed assets
Net cash flows from investing activities
Cash flows from financing activities
Repayment of loans and borrowings
Repayment of capital element of finance leases and HP contracts
Net cash flows from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March		 2025
£
255,527
80,051
(3,305)
(366,000)
(33,727)
-
(125,241)
117,164
(49,618)
(91,422)
3,305
(501,322)
17,573
(480,444)
(28,326)
443,060
414,734
(157,132)
494,419
337,287		 2024
£
186,121
60,707
(5,370)
(83,000)
158,458
(1,693)
43,197
(159,728)
16,618
56,852
5,370
-
-
5,370
(24,614)
(23,889)
(48,503)
13,719
480,700
494,419

All of the cash flows are derived from continuing operations during the above two periods.

Page 19

Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

1 Charity status

The charity is a private company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation, registered number 07451733 and charity number 1141018.

The address of its registered office is: Egham Orbit Vicarage Road Egham Surrey TW20 8NL

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Achieve Lifestyle 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 notes.

These financial statements cover the individual charity and are presented in sterling, which is the functional currency of the charity, and are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. For further details see note 24.

Page 20

Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions which affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Key sources of estimation uncertainty

Pension benefits: The cost of defined benefit pension plans are determined using actuarial valuations. The actuarial valuation involves making assumptions about discount rates and retail price inflation. Due to the complexity of the valuation, the underlying assumptions and the long term nature of these plans, such estimates are subject to significant uncertainty. In determining the appropriate discount rate, management considers the interest rates of high quality corporate bonds. The mortality rate is based on publicly available mortality tables for the specific country. Future salary increases and pension increases are based on expected future inflation rates for the respective country. For further details, including the carrying amount at the end of the reporting period, see note 19.

Useful economic lives of tangible assets: The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. These are amended when necessary to reflect current estimates, based on economic utilisation and physical condition of the assets.

Income and endowments

Investment income

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

Charitable activities

The considerable majority of income relates to gym membership and leisure services. Membership income received in advance is deferred on a straight line basis over the contract term. Income from the hire and use of leisure facilities is recognised at the time of use. Retail income is recognised at the point of sale.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, rent allocated on the estimated floor area occupied by an activity and depreciation charges allocated on the portion of the asset’s use. Other direct and support costs are allocated on a reasonable basis with consideration of the usage of the resource for each activity,

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 21

Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.

Taxation

The charity 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 charity 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.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Long-term leasehold property Over the lease term
Plant & machinery 5 years straight line
Fixtures & fittings 3 years straight line
Gym & studio equipment 7 years straight line

Stock

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

The charity holds cash and bank deposits only. They do not hold other short-term highly liquid investments.

Page 22

Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the charity has an obligation at the reporting date as a result of a past event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. The aim and use of each restricted fund is set out in the notes to the financial statements.

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Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

Hire purchase and finance leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the lease term.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. Assets held under finance leases are capitalised in the balance sheet as tangible fixed assets and are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. Lease payments are charged to the Statement of Financial Activities and are apportioned between finance costs and the reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability

The interest element of the rental obligation is charged to the Statement of Financial Activities over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Pensions and other post retirement obligations

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

The charity also operates a defined benefit pension scheme. A full actuarial valuation is undertaken at least every three years to determine whether the Statutory Funding Objective is met. The most recent full actuarial valuation was carried out as at 31 March 2025. See note 19 for further details.

The charity contributes to the Surrey Pension Fund with the Local Government Pension Scheme ('LGPS'), a multi-employer defined benefit pension scheme, on behalf of certain employees whose employment was transferred from Runnymede Borough Council as part of the Transfer of Undertakings (Protection of Employment) Regulations 2006. The LGPS is a funded defined benefit scheme, and is contracted out of the State Earnings-Related Pension Scheme. The Assets of the scheme are held separately from those of the Company, in separate trustee-administered funds.

Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit method and discounted at a rate equivalent to the current rate of return on a high quality corporate bond of equivalent term and currency to the liabilities. The actuarial valuations are obtained at least triennially and are updated at each balance sheet date. The amounts charged to operating surplus are the current service costs and gains and losses on the settlements and curtailments. They are included as part of staff costs. Past service costs are recognised immediately in the Statement of Financial Activities if the benefits have vested. If the benefits have not vested immediately, the costs are recognised over the period vesting occurs. The expected return on assets and the interest cost are shown as net finance amount of the finance costs or credits adjacent to interest. Actuarial gains and losses are recognised immediately in other gains and losses.

Pension costs are allocated to charitable activities in line with the cost centres of staff members.

Termination benefits

Termination benefits are recognised as an expense in profit or loss immediately when the charity is committed by legislation, by contractual or other agreements or by a constructive obligation to make payments (or provide other benefits) to employees when it terminates their employment.

Termination benefits are measured at the best estimate of the expenditure that would be required to settle the obligation at the reporting date.

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Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

3 Income from charitable activities

Health and fitness
Sports and activities
Retail and other income		 Unrestricted
funds
General
£
2,882,630
546,607
266,557
3,695,794		 Total
2025
£
2,882,630
546,607
266,557
3,695,794		 Total
2024
£
2,423,154
650,705
362,534
3,436,393

Page 25

Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

4 Investment income

Interest receivable and similar income;
Interest receivable on bank deposits		 Unrestricted
funds
General
£
3,305		 Total
2025
£
3,305		 Total
2024
£
5,370

5 Expenditure on charitable activities

Analysis by fund

Health and fitness
Sports and activities
Retail and other income
Governance costs
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
2,355,116
914,953
502,666
14,837
3,787,572
3,501,335		 Total
funds
£
2,355,116
914,953
502,666
14,837
3,787,572
3,501,335

Analysis by charitable activity

Health and fitness
Sports and activities
Retail and other income
Governance costs
Total for 2025
Total for 2024		 Activity
undertaken
directly
£
1,500,934
499,205
502,666
-
2,502,805
2,346,161		 Activity
support costs
£
854,182
415,748
-
14,837
1,284,767
1,155,174		 Total
expenditure
£
2,355,116
914,953
502,666
14,837
3,787,572
3,501,335

Page 26

Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

Analysis of costs of activities undertaken directly

Health and
fitness
£
Sports and
activities
£
Retail and
other income
£
Wages & Salaries
606,908
261,139
200,861
Staff NIC
(Employers)
27,614
6,381
3,879
Staff pension costs
9,425
3,921
2,548
Net finance cost on
pension scheme
(5,000)
-
-
Subcontractor costs
166,932
44,784
-
Maintenance
118,733
24,342
-
Purchases
-
-
136,739
Rent & rates
359,642
103,068
112,337
Utilities
155,574
39,177
46,302
Insurance
61,106
16,393
-
1,500,934
499,205
502,666
6
Analysis of support costs
Health and
fitness
£
Sports and
activities
£
Support costs
Management & admin salaries
257,869
257,867
Other overhead costs
198,095
53,837
Advertising & promotion
21,531
5,776
Irrecoverable VAT
142,837
38,320
Service agreements
44,760
11,453
Maintenance agreements
55,702
14,944
Legal & professional fees
7,520
2,017
Depreciation charge
63,159
16,892
Profit/loss on disposal of fixed
assets
(6,367)
-
Bank charges
54,578
14,642
Bank interest payable
4,817
-
Hire purchase interest
9,681
-
854,182
415,748
Governance costs
Audit & accountancy fees
11,699
3,138
865,881
418,886		 Health and
fitness
£
Sports and
activities
£
Retail and
other income
£
Wages & Salaries
606,908
261,139
200,861
Staff NIC
(Employers)
27,614
6,381
3,879
Staff pension costs
9,425
3,921
2,548
Net finance cost on
pension scheme
(5,000)
-
-
Subcontractor costs
166,932
44,784
-
Maintenance
118,733
24,342
-
Purchases
-
-
136,739
Rent & rates
359,642
103,068
112,337
Utilities
155,574
39,177
46,302
Insurance
61,106
16,393
-
1,500,934
499,205
502,666
6
Analysis of support costs
Health and
fitness
£
Sports and
activities
£
Support costs
Management & admin salaries
257,869
257,867
Other overhead costs
198,095
53,837
Advertising & promotion
21,531
5,776
Irrecoverable VAT
142,837
38,320
Service agreements
44,760
11,453
Maintenance agreements
55,702
14,944
Legal & professional fees
7,520
2,017
Depreciation charge
63,159
16,892
Profit/loss on disposal of fixed
assets
(6,367)
-
Bank charges
54,578
14,642
Bank interest payable
4,817
-
Hire purchase interest
9,681
-
854,182
415,748
Governance costs
Audit & accountancy fees
11,699
3,138
865,881
418,886		 Total
2025
£
1,068,908
37,874
15,894
(5,000)
211,716
143,075
136,739
575,047
241,053
77,499
2,502,805
Total
2025
£
515,736
251,932
27,307
181,157
56,213
70,646
9,537
80,051
(6,367)
69,220
4,817
9,681
1,269,930
14,837
1,284,767		 Total
2024
£
923,130
45,358
177,700
3,000
215,592
112,929
173,626
343,726
277,636
73,463
2,346,160
Total
2024
£
457,862
239,678
9,622
195,413
12,050
66,320
25,525
60,707
-
65,796
2,912
2,503
1,138,388
16,787
1,155,175

Page 27

Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

7 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

H Aitken

During the year, H Aitken received remuneration of £Nil (2024: £62,102) for services other than those of a trustee, as specifically permitted within the charity's governing document. The salary costs incurred by the charity are included under management salaries and include employers pension costs. £Nil (2024: £Nil) of expenses were reimbursed to H Aitken during the year.

At the balance sheet date the amount due H Aitken was £Nil (2024: £Nil).

G T Baker

During the year, G T Baker received remuneration of £73,338 (2024: £35,700) for services other than those of a trustee, as specifically permitted within the charity's governing document. The salary costs incurred by the charity are included under management salaries and include employers pension costs. £226 (2024: £Nil) of expenses were reimbursed to G T Baker during the year.

At the balance sheet date the amount due G T Baker was £Nil (2024: £Nil).

Other trustees

Other trustees received benefits in the form of free gym membership from the charity during the current year and prior year. No other trustees incurred expenses which were reimbursed during the year. No other trustees received any remuneration from the charity during the year.

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Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

8 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2025
£
1,498,480
79,395
55,537
1,633,412		 2024
£
1,304,042
64,100
238,908
1,607,050

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

Management
Operations
Gym
Coaches & instructors
Administration and front of house		 2025
No
11
20
15
43
45
134		 2024
No
10
18
13
38
39
118

The number of employees whose emoluments (excluding employers pension contributions) fell within the following bands was:

£60,001 - £70,000 2025
No
2		 2024
No
2

The total employee benefits of the key management personnel of the charity were £151,296 (2024 - £210,533). The chief executive officer, as the highest paid member of staff, received benefits totalling £77,958 (2024 - £72,957).

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Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

9 Auditors' remuneration

9
Auditors' remuneration
Audit of the financial statements
Other fees to auditors
All other non-audit services		 2025
£
10,685
3,727		 2024
£
10,372
3,618

10 Taxation

The charity is a registered charity and is therefore qualifies for the small trading tax exemption. In 2025, the charity exceeded the limit and corporation tax is payable on all profits from the trading activity.

11 Tangible fixed assets

Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
Eliminated on
disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Long-term
leasehold
property
£
36,240
-
-
36,240
9,362
1,812
-
11,174
25,066
26,878		 Fixtures &
fittings
£
104,960
-
-
104,960
97,142
3,521
-
100,663
4,297
7,818		 Plant &
machinery
£
171,139
12,553
-
183,692
154,883
12,086
-
166,969
16,723
16,256		 Gym & studio
equipment
£
551,232
488,769
(210,278)
829,723
473,561
62,632
(192,705)
343,488
486,235
77,671		 Total
£
863,571
501,322
(210,278)
1,154,615
734,948
80,051
(192,705)
622,294
532,321
128,623

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings and £25,066 (2024 - £26,878) in respect of leaseholds.

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Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

Assets held under finance leases and hire purchase contracts

The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:

Gym & studio equipment
12 Stock
Stocks
13 Debtors
Trade debtors
Prepayments
14 Cash and cash equivalents
Cash in hand
15 Creditors: amounts falling due within one year
Bank loans
Trade creditors
Hire purchase and finance leases
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
477,337
2025
£
7,936
2025
£
5,135
144,002
149,137
2025
£
337,287
2025
£
29,529
748,234
91,865
10,132
30,716
577,006
1,487,482		 2024
£
51,623
2024
£
7,936
2024
£
6,757
17,139
23,896
2024
£
494,419
2024
£
28,456
629,785
-
3,460
21,962
593,717
1,277,380

Page 31

Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

Bank borrowings

Coronavirus Business Interruption Loan is denominated in with a nominal interest rate of 3.73% (2024 - £4%), and the final instalment is due on 16 June 2026. The carrying amount at year end is £39,009 (2024 - £67,335).

The loan is secured by a fixed and floating charge over all property and undertaking of the charitable company.

The loan is repayable over 6 years, with initial repayment for the first 6 months being interest only. Under the terms of the scheme, the interest is paid by the Government for the first 12 months.

Deferred income

Deferred income at 1 April 2024
Amounts released from previous periods
Deferred income at year end		 2025
£
24,806
(4,155)
20,651		 2024
£
31,087
(6,281)
24,806

Deferred income represents sports activity bookings paid for in advance.

16 Creditors: amounts falling due after one year

Bank loans
Hire purchase and finance leases		 2025
£
9,480
351,195
360,675		 2024
£
38,879
-
38,879

17 Obligations under leases and hire purchase contracts

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Land and buildings
Within one year
Between one and five years
After five years		 2025
£
459,375
1,837,500
6,364,546
8,661,421		 2024
£
459,375
1,837,500
6,823,921
9,120,796

The above operating lease commitments at 31 March 2025 include a 25 year lease taken out in February 2019 in relation to the Egham Orbit site. Under this lease, annual rents are stepped, starting at £175,000 in year 1, increasing to £350,000 in year 2 and £525,000 thereafter for the remainder of the lease. In November 2022, an agreement was reached with the landlord to agree a reduced, more sustainable, annual rental charge for the Egham Orbit site for the period 1st April 2023 - 31st March 2024. This agreement meant that the rent has been discounted to £300,000 for years 4 and 5. The discounted rent period represents a lease incentive under FRS 102 and has been spread over the lease term.

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Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

18 Provisions

18 Provisions
At 1 April 2024
Credited to the statement of recognised gains and losses
At 31 March 2025		 Provision for
legal expenses
£
(49,618)
49,618
-		 Total
£
(49,618)
49,618
-

During the prior financial year, two ex-employees, submitted claims against the charity, which were settled before 31st March 2025.

19 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £23,707 (2024 - £18,428).

Defined benefit pension schemes Surrey Pension Fund

The charitable company contributes to the Surrey Pension fund, part of the Local Government Pension Scheme (LGPS), on behalf of its employees who are members.

The pension costs are assessed in accordance with the advice of independent chartered actuaries. Hymans Robertson LLP are the appointed actuary of the local Surrey fund. The pension charge and balance sheet liability is based on an actuarial valuation dated 31 March 2025. A full actuarial valuation is undertaken at least every three years to determine whether the Statutory Funding Objective is met.

The date of the most recent comprehensive actuarial valuation was 31 March 2025. The most recent comprehensive valuation was carried out by Hymans Robertson LLP, and adjustments to the valuation have been based on assumptions as detailed further below. The adjustments for the current period have been calculated by the Hymans Robertson LLP. The actuary reviews the assets and liabilities of the scheme on a triennial basis for funding purposes. Interim valuations will continue to be performed at the end of each accounting year for the purposes of FRS 102 disclosures.

The total cost relating to defined benefit schemes for the year recognised in profit or loss as an expense was £16,000.00 (2024 - £210,000).

The total cost relating to defined benefit schemes for the year included in the cost of an asset was £0.00 (2024 - £0.00).

Page 33

Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

Reconciliation of scheme assets and liabilities to assets and liabilities recognised

The amounts recognised in the statement of financial position are as follows:

Fair value of scheme assets
Present value of defined benefit obligation
Defined benefit pension scheme surplus		 2025
£
2,232,000
(1,770,000)
462,000		 2024
£
2,206,000
(2,110,000)
96,000

Defined benefit obligation

Changes in the defined benefit obligation are as follows:

Present value at start of year
Current service cost
Interest cost
Benefits paid
Contributions by scheme participants
Remeasurements
Present value at end of year
Fair value of scheme assets		 2025
£
2,110,000
21,000
103,000
(13,000)
6,000
(457,000)
1,770,000

Changes in the fair value of scheme assets are as follows:

Fair value at start of year
Interest income
Return on plan assets, excluding amounts included in interest income/(expense)
Employer contributions
Contributions by scheme participants
Benefits paid
Fair value at end of year		 2025
£
2,206,000
108,000
(113,000)
38,000
6,000
(13,000)
2,232,000

Analysis of assets

The major categories of scheme assets are as follows:

Cash and cash equivalents
Equity instruments
Debt instruments
Property		 2025
£
-
46
49
5
100		 2024
£
2
43
51
4
100

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Notes to the Financial Statements for the Year Ended 31 March 2025

Return on scheme assets

Return on scheme assets 2025
£
(113,000)		 2024
£
136,000

The pension scheme has not invested in any of the charity's own financial instruments or in properties or other assets used by the charity.

Principal actuarial assumptions

The principal actuarial assumptions at the statement of financial position date are as follows:

Discount rate
Future salary increases
Future pension increases
Post retirement mortality assumptions
Current UK pensioners at retirement age - male
Current UK pensioners at retirement age - female
Future UK pensioners at retirement age - male
Future UK pensioners at retirement age - female		 2025
%
6
4
3
2025
Years
22
25
23
26		 2024
%
5
4
3
2024
Years
22
25
23
26

Vita Curves with improvements in line with the CMI 2022 model assuming long term rates of improvement of 1.5% p.a.

20 Funds

20 Funds
Unrestricted funds
General
Other
Total unrestricted funds
Restricted funds
Total funds		 Balance at 1
April 2024
£
(1,005,003)
275,000
(730,003)
115,000
(615,003)		 Incoming
resources
£
3,699,099
-
3,699,099
-
3,699,099		 Resources
expended
£
(3,792,572)
5,000
(3,787,572)
-
(3,787,572)		 Other
recognised
gains/(losses)
£
-
344,000
344,000
-
344,000		 Balance at
31 March
2025
£
(1,098,476)
624,000
(474,476)
115,000
(359,476)

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Notes to the Financial Statements for the Year Ended 31 March 2025

Unrestricted funds
General
Other
Total unrestricted funds
Restricted funds
Total funds		 Balance at 1
April 2023
£
(950,124)
34,000
(916,124)
115,000
(801,124)		 Incoming
resources
£
3,441,763
-
3,441,763
-
3,441,763		 Resources
expended
£
(3,496,642)
(3,000)
(3,499,642)
-
(3,499,642)		 Other
recognised
gains/(losses)
£
-
244,000
244,000
-
244,000		 Balance at
31 March
2024
£
(1,005,003)
275,000
(730,003)
115,000
(615,003)

Restricted sinking funds were set aside in 2011 by Runnymede Borough Council for the benefit of the facilities as part of the original agreement transferring the services of operating these facilities to the Company. These funds were originally restricted to support the repair or replacement of equipment associated with the artificial football pitches at Egham Leisure Centre.

During 2017, Runnymede Borough Council authorised payment of these funds to the Company, for the purpose of funding the development of the 4G Pitch at Egham Orbit and improvements to car parking.

During the year ended 31 March 2025, no expenditure was incurred from restricted funds.

21 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Pension scheme liability
Total net assets		 Unrestricted funds
General
£
Other
£
532,321
-
379,360
-
(1,487,482)
-
(360,675)
-
-
462,000
(936,476)
462,000		 Restricted
funds
£
-
115,000
-
-
-
115,000		 Total funds at
31 March
2025
£
532,321
494,360
(1,487,482)
(360,675)
462,000
(359,476)

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Notes to the Financial Statements for the Year Ended 31 March 2025

Unrestricted funds
General
£
Other
£
Tangible fixed assets
128,623
-
Current assets
411,251
-
Current liabilities
(1,277,380)
-
Creditors over 1 year
(38,879)
-
Provisions
(49,618)
-
Pension scheme liability
-
96,000
Total net assets
(826,003)
96,000
22 Analysis of net funds
At 1 April
2024
£
Cash at bank and in hand
494,419
Debt due within one year
(28,456)
Debt due after more than one year
(38,879)
Finance leases and hire purchase contracts
-
Net debt
427,084
At 1 April
2023
£
Cash at bank and in hand
480,700
Debt due within one year
(27,416)
Debt due after more than one year
(64,533)
Finance leases and hire purchase contracts
(23,889)
Net debt
364,862		 Restricted
funds
£
-
115,000
-
-
-
-
115,000
Financing cash
flows
£
(157,132)
(1,073)
29,399
(443,060)
(571,866)
Financing cash
flows
£
13,719
(1,040)
25,654
23,889
62,222		 Total funds at
31 March
2024
£
128,623
526,251
(1,277,380)
(38,879)
(49,618)
96,000
(615,003)
At 31 March
2025
£
337,287
(29,529)
(9,480)
(443,060)
(144,782)
At 31 March
2024
£
494,419
(28,456)
(38,879)
-
427,084

23 Related party transactions

There were no further related party transactions other than those already disclosed in the Trustees and key management remuneration notes in both the current and prior year.

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Achieve Lifestyle

Notes to the Financial Statements for the Year Ended 31 March 2025

24 Going concern

The Charity was operationally loss making in the years to 31st March 2025 and 2024. The Charity remains in a net liability position at the balance sheet date.

There are significant fixed costs, primarily being the site rental at Egham Orbit. The increase in Employer's national insurance in April 2025 and the upcoming increase in the National Minimum Wage in April 2026 will have an impact on staffing costs across all tiers of the staffing structure but the charity have seen an increase in membership numbers and this is expected to continue, which has increased the monthly recurring revenue.

After reviewing the Company’s forecasts and projections the Trustees’ have reasonable expectation, that the Company has adequate resources to continue to operate and generate income levels sufficient to meets its liabilities as they fall due. As such, the Trustees have concluded that the Charity is a going concern and the financial statements have been prepared on a going concern basis. The Trustees considered this to be an appropriate basis, based on the information available to them at the signing date.

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