2025-03-31-accounts

Company regislralion number. 07555631 Charlty reglslration numbèr: 1145613 Trilogy Active Ltd (A company limited by guarantee) Annual Report and Financial Stalemenls for the Year Ended 31 March 2025

Trllogy Actlve Ltd Contents (contlnued) Reference and Administrativ8 Details Trustees, Report incorporating the Strategic Report 2to6 Statement of Responsibilities Independent Auditors. Report 81010 Consolldaled Statement of Financlal Activities 11 Consolidated Balance Sheet 12 Consolidated Statement of Cash Flows 13 Notes to the Financial Stslements 14to34

Trllogy Actlve Ltd Reference and Administrative Detalls Trustees S Adams R Noorullah K McFadyen P Taylor S Scales R J Austin Secretary Members S Adams R Noorullah K McFadyen I P Taylor S Scales Senior Management J Fletcher, Managing Director Charlty reglst•r•d number 1145813 Company reglstratlon number 07555631 Reglslered OfflGe Unity House 78 Robert streel Northampton NN138J Hawsons Chart8red Accountants Jub1188 Housè 32 Duncan Close Moullon Pafk Northampton NN3 6WL HSBC St Clair Housa 5 Old Bedford Road Northampton Northamplonshire NN4 7AA Audltor Bank6r• Page 1

Trllogy Actlve Ltd Trustees. Report Incorporating the Strategic Report for the Year Ended 31 March 2025 The Trustees presenl th8ir Annual Report together with the audited financial statements of the charitable company and group for the period from 1 April 2024 to 31 March 2025. The Annual Report covers the purposes of a Trustees. r8POrt as well as the Strategic Report and the Oireclors. Report under company law. The Truslees confirm that lh8 Annual Report and financial statements of the charilable company comply with the current statutory requirements, the r8quirements of the charitable companls governing document and the provisions of the Statemenl of Recommended Practlce {SORP) applicablè to charities preparing thelr accounts in accordance with the Flnancial Reporting Standard applicable in the UK and R8public of Ireland (FRS102) (effective 1 January 2019}. ObJectlv•s and a¢tfvltles a. Policies and obJec15ve$ 'Inspiring Active Lifestyles, The Trust has sel itself five priorities: To creale and deliver initiatives for the Improvement of health & wellbeing across the geographical area wa s&Ne. To improve on the social impact and value of our services. To contlnuously improve customer s8rvlc8 and journey by delivering high quality servlces and facilities. To generale income and surpluses to allow us to Invest, Improve and increase our leisure offer. . To enhancè our skllled and motivated workforce. In setting objeclives and planning for activities, the Trustees have given due consideratlon lo general guidance published by the Charliy Commission relating lo public benefit, including the guidance 'Publlc benefit.. runnin9 a charity (PB2)'. b. Maln actlvltlos undertaken to further the charltable company'8 purposes for the publlc bonefil The Trustees have referrèd to the Charlty Commisslon's guldance on publlc benefit when deciding on the activities Trilogy Acllve Ltd provides. Trilogy Active Ltd provides publlc benefit In the following ways: • To promote for tha publlc beneflt the provlsion of facilities for recreation or other leisure time occupallon for individuals who have need of such facilities by reason of their youth, age, Infirmlty or disablement, financlal hardship or social and economic circumstances or for Ihe public at larg8 in Ihe interests of social welfare and wilh the object ol impToving their conditions of life. To advance health for the public benefit by promoting participation in heallhy ex8rcis8 and physlcal actlvlty. To advance education in Ihe arts for the public benefit in particular but not exclusively by the maintenance and management of 8 clnema. Achlev•m•nts Ond p•rfomianc• The Trust has performed V￿11 for the year in question. The year endlng 31 st March 2025 was one of our most successful trading years ever and means we have been able to bulld our reserves. •. Key porformance Indl¢ators Before accounling adjustments for pensions and the negalive goodwill credit relating to Ihe trade and asset transfer from Belper Leisure Centre. the group delivered a surplus for the year of £54,031 (2024.. £84,398). This was driven by Ihe following: . The turn around of Belper Leisure Centre from a posilion of insolvency. By focusing on our core income streams we wer8J able to brlng back our members much quicker than expected. Expanding our business through the purchase of a soft play company ca118d Hickory Oickotys Limited. . We kept a clos8 ey8 on all expenditure. adopting an essential spend only policy. Page 2

Trllogy Active Ltd Trustees. Report incorporating the Strategic Report for the Year Ended 31 March 2025 (continued) Achlevements and performanco (contlnued) b. Revlew ol acllvltles We Continue to develop and enhance our facilities lo improve the customer experience. The year ending 31 March 2025 was primarily focused on growing the busin8SS to prepare and protect Ihe company for Ihe end of the Northampton contract. Trilogy Active was set up by Northampton Borough Council to OP8ral8 its 18isur8 facilities on a 15 year agreement. In 2019 agreemenl was reached to extend the contract for a further 15 years. In 2020 covid prevented the execution of this agreement and then, following local govornmanl raorganisation, th& new authority d8dd8d not to honour this agreement and instead pul th8 contract out to t8nder. Trilogy, aft8r considering all options, have decided not to formally bid for the contract albeit have advised West Northamplonshire Council that the agreement reached wlth Northampton Borough Council is still on the lable, On the 1 st April 2025 we completed the transfer of Belper Leisure Centre Limited inlo the company and on 1 Ith August 2025 we purchased The Play Hub in Atharstone to add to our portfolio of activ8 play centres. Flnanclal rovlow a. Golng concern After making appropriate enqulries, the Trustees have a reasonable 8xpectatlon that the charitable company and group has adequate resources to contlnue In operatlonal exlstence for the foreseeable future. For this reason, thèy conlinu8 to adopt the going concern basis in preparing the financial statements. Further details regarding Ihe adoplion ol the goino GonGern b8sis Gan be foun(i in Ihe accounting poliGies. b. R•sgrv•s pollcy Tha reseNes policy for the Trust sets out th• cash target16val of reserv•g of £600.000. This figure is made up of two kèy Componenls namely, £300.000 belng the amount neaded lo managa Iluctuatlons In cash flow. £300,000 being the amount needed to manage unforeseen expenditure or drops in income. We currently do not sel aslde any 8mounts to meel future èxpanditur8 as thls can all be funded by ongolng revenue. It Is though part of our strategy to develop a new reserv8 of up to £400.000 so Ihal we can lake advantage of opportunities as they come about. StruGtur•p govfjrnanGg and management a. Constitutlon The Company is registered as a charitsble company limrted by guarant88 (company number: 07555631), governed by Memorandum and Articles of Association and was set up by a Trust deed In 2012. Tha company Is constituled under a Trust deed and Is a reglstered charrty and holds the registration numb8r 1145613. The principal object of the company is to operate for public benefit, facilities and services for leisure and recreation and be sustainable. b. Methods of appolntm•nt or èlection of Truste•8 The management of the Company is the responsibility of the Trustees who are elected and co opled under the terms of the Trust deed. Page 3

Trllogy Actlvo Ltd Trustees. Report incorporating the Strategic Report for the Year Ended 31 March 2025 (continued) Struclur•, governance and malnl•nanca (continued) c. Pollcles adopted for the Inductlon and tralnlng of Trustees Trustees are appolnted and their conduct governed by th6 charitable companys Articl8s of Association and Code of Conduct. New Trustees are recruited through local advertisements and any appointment would be based on an assessment of the r8quir8d abillties and, if appropriate, specialist skills required by the board. All current Trustees have received Irainlng to brlef them on their legal obligations under charity and company law, the content of the Memorandurn and Articles of Association, the committ88 and decision making process, the Business Plan and financial monitoring of the charitable compansls perfomance. Any new Trustee(s) will receive a commensurale level of training in accordance wilh the Trustee induction policy. None of the Trustees receive remuneration or olher benefit from their work with the charitable company. d. Pay pollcy for senlor staff The remuneration of the Managing Director and the Flnance Director is considéréd by a Remuneration Commitl88. Othor permanent staff are remunerated using an evaluatÉon model promoted by the Joint Negotiating Council, Where thls Is not appropriate, market rales are applled. Remuneration is based on a Combinatlon of market rates, performance and the need lo retaln key members of staff, •. Organlsatlonal 8truclure and declslon maklng Thé Board of Trustees. which can cont81n up lo 15 members, administers Ihe charitable company. The board meels on a bi monthly basis and there are the following sub committees: . Audit Committee, Remuneration Committee. The Managlng Director and the Finance Oirector are appolnted by the Trustees to manage th8 day to day operations of the charitable company. To facllltat8 effectSve operatlons the Managing Director and the Flnance Dlrector have delegated authority. within the terms ol delegation approved by the Trustees, for all operational and adrninislrative functions including finance, HR and IT, f. Rl•k managemonl The Trustees have a risk managèment strategy which comprises.. An annual revlew of the risks the charitable company and group may face: The establishment of systems and proceduras to mitigate those rlsks identified in the plan; Implementation of procedures deslgned lo minimise any potential impact on the charltable company and group should those risks materlalise. This V￿rk has idenlified that financial sustalnability is the major financial risk for tha charitable company and group. Particular attention has focused on financial risk with regard to the FRS102 pension liability. assessing Trilogy Active Ltd's exposure to its facilities repair and maintenance costs, the monthly moniloring of trading performance tO9ether with an assessment of the key performance Indicators and the implementation of a prudenl reserves policy. Non financial risk is also regularly assessed with regard to company operations and ensuring continued usage of facilities through capital investment strategy and operational activity revi&ws. In particular. work has been underlaken to idenlify an(i mltlgate health and safety issues within op8rationaS ar8as. This approach to risk managem8rit has resulted In better ern8rgency procedur&s and contlngency plans and has given Ihe Impetus for better planning and seNice delivery. Plans for future perlods Our slralegy as a company and group is to work with all our partners in health and local government to improve the wèllb8ing for the people in the area5 we work. To do this we recognise the need lo train and develop our staff as well as developing the products and services we offer. A key part of our strategy is to ensure Ihal everyone has access to activities and to remove any hisloric barrièrs that prévented their participation. Page 4

Trllogy Actlve Ltd Trustees. Report inGorporatlng tho Strateglc Report for the Year Endod 31 March 2025 {continued) Structuro, governance and maintenance (continued) We ar8 conscious that our main contract with West Northamptonshire Council expires on 31 March 2026 and as such a larg8 part of our business will be lost. We are though proactively planning to ensure that we retain as many of our customers as w6 can within our other sites and are proactlvely looking for facilities in Northampton and near by from Whe￿ we can continue to dellver se￿1￿8 to our members. Funds held as Custodlan There are no funds held as Cuslodian. Engagement wlth employoqs and employment of the dlsabled Employees have been consulted on Issues of concem to them by means of a regular consultatsve committee and of staff meetings and have been kept informed on specific matters directly by management. The Company carries out exit interviews for all staff leavlng the organisation and has adopted a procédurè of upward feedback for senlor management and the Truslees. The charltable company has implemented a number of detallèd policles In relatlon to all aspects of personnel matters including.. Equal opportunities policy. Volunteers. policy. Health & safety policy. In accor<lance wlth the charltable companys equal opportunities policy, the charitable company has long-estsblished fair employmenl practi¢&s in the recruitment, selection, retention and training of disabled staff. Full dètalls of these pollcles are available from the charltable companvs offices. R•lat•d Partl•s The charity continues to op8rate under a fomial Service Level Agreement with West Northamptonshlre Council to provide leisure faciliti8S Wlthin Northampton. West NorthamptoDshiTe Council is a member of the mmpany. The charity leasas pramises for the operatlon of sports centres from the following members: West Northamptonshire Council. Duston Parish Council and Northampton General Hospital. A summary of Ihe financial transactions occurring wllh thése mambars Is contalned wrthin the notes lo the accounts. The results of the following subsidiary undertakings are consolldatad within the accounts.. Hickory Dlckoryls Llmited, Belper Leisure Centre Limited and Belp8r Sports Centre Servlces Limited. The registered address and principal activlty of each subsidiary is disclosed within the notes to the accounts. Stalement as to Dlsclosure of Informatlon lo Audltor¥ The trust888 of the company who held office at Ihe dale of approval of this annual report confirm that: So far as Ih8y aro aware. th8re Is no relevant audit information. infomiation needed by the CoMpan￿S audltors In connection with preparing their report. of which the company's auditors are unaware. and They have taken all the steps ihat they ought to have taken as tiustees in order lo make themselves aware of any relevant audit information and to 8slablish that the company's auditors are aware of that information. Audltor During the year, Hawsons Chartered Accounlants were appointed as auditors. A resolution to reappoint Hawsons Chart8r8d Accountants as independent auditor will be propos8d at the next Annual General Meeling. Page 5

Trilogy Actlva Ltd Trustees, Report Incorporatlng the Strategic Report for the Year Ended 31 March 2025 (continu8d) This report incorporating the Strategic Report was approved by the trustee of the charrtable company on 25 November 2025 and signed on its behalf by- Govemor and trustee Page 6

Trllogy Actlve Ltd Statement of Responslbllltles The truslee (who are also the directors of Trilogy Active Ltd for the purposes of company law) are responsible for preparing the financial slatements in accordance with applicabl8 law and Uniled Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice), induding FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and accounts have been pr8pared in accordance with the provisions in the Companies Act 2006 relating lo srnall companies. Company law requires the trustee to prepare financial statements for each financial year. Under company law the trustee must not approve the financlal statements unless they are satisfied Ihat they give a true and falr view of the state of affairs of the parent charltable company and the group and of the incoming resources and application of resources. Including ils income and expenditure. of the charitable group for that period, In preparing these financial statements. the trustee are required to.. select suitable accounting policles and apply them consistently,, observ8 the mathodg and prlnclples in the Charities SORP., make judgements and 8slimates that ar8 reasonable and prudent: stat8 wh8ther appllcabl8 accounting standards, comprising FRS 102 have been followed, subject lo any mat6rlal departures dlsclosed and explained in Ihe financial statements,. and prepare the financial statements on Ihe going concem basis unless il is inappropriate to presume that the parent charitable company will continue in business, The trustee are responsible for keeping proper accounting records that can dlsdose with reasonable accuracy at any time the financial position of Ihe parent charitable company and the group and enable them to ensura that the financial statemenis comply wllh the Companies Act 2006. They are also responsibl8 for safeguarding the assets of the parent charitable company and the group and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularities. The trustee are responsible for the maintenance and integrity of the corporate and financial information included on the charitable companls website. Legislalion governing the preparation and dissemination of financial slatements may differ from legislation in other jurisdictions. Page 7

Trllogy Actlve Ltd Independent Audltor's Report to the Members of Trllogy Actlve Ltd Oplnlon We have audlted the financlal statements of Trllogy Active Ltd (the 'charttable parent companv) and its subsidiaries {th& 'group') for the year ended 31 March 2025. which comprise the Consolidated Statement of Financial Activiti8S, Consolidated Balance Sheet,Consolidated Statement of Cash Flows and Notes to the Financial Statemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards. comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (Uniled Kingdom Generally Accepted Accounling Practice). In our opinion the financial slatamènts: give a true and fair vi8w of the slate of the group's and parant charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, induding its income and expenditure. for Ihe year then ended; have been properly prepared in accordance with Uniled Kingdom Generally Accepted Accounting Practice., and have been P￿ pared in accordance with the requirements of Ihe Companies Act 2006, Basis for opSnlon We conducted our audit in accordance with Inlemational Slandards on Auditing {UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities lor the audit of the financial statements section of our report. We are independent of the charitable company in accordance with Ihe 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 othér athical responsibilities in accordancè with these requirements. We belleve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In audillng the financial statements, we have concluded that the trustee use of the going conc8m basis of accounting in the preparation of the financial statements is appropriate. Basad on the work we have perfomed. we have not identified any material uncertainties relating io &v8nts or condlllons that, individually or collectively, may cast significanl doubt on the group's abllily to conllnue as a going concem for a period of al least twelve months from when tho original financial statements were aulhorised for issue. Our responsibilities and the responsibilities of the trustee with respect to going concern are describèd in the relévant sections of this report. Other Infomiatlon The other information comprises the information induded in the trustees annual report, other than the financial statements and our auditor's report thereon. The truslees a￿ responsible for the other infofmation contained within Ihe annual report. Our opinion on Ihe financial statements does nol cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of 8ssurance conclusion the￿on. Our responsibllity is to read Ihe other information and, in doing so, consider whether the olher information is materially inconsistent with the financial statem8nts or our knowledge obtainad in the course of Ihe audit, or otherwise appears to be materially misstated. If we Identify such mat&rial inconsist8ncl8s or apparent material misstatements, we are raquired to determlne whether thls glves rfse to a materlal mlsststement In the financial statemenls th8msalv8s, If, based on the work we have performed. we conclude that there is a material misstatement of this other Information, w8 are required to report that facl. We have nothing to report in this regard. Pag8 8

Trllogy Actlve Ltd Independent Auditorfs Report to the Members of Trllogy Active Ltd (continu8d) Opinion on other matter prescrfbod by the Companles Act 2006 In our opinion, based on the WO￿ undertaken in the course of the audlt: the informaliori given in the Trustee's Report and for the financial year for which the financial statements are prepared is ￿nsIstent wilh th8 financial statements., and the Trustee's Report has been preparéd in accordance with applicable legal requiremanls. Matters on whl¢h we are requlred to report by •xceptlon In the light of our knowledge and understandlng of the group and the parent charitable company and its environment obtained in the course ol th8 audit, we have not identified material misstatements in th8 Trustee's Report. We hav8 nothin9 to report in ￿SPect of the following malters where the Companies Act 2006 requires us to report to you rf, In our opinion.. the infomation given in the trustees, report Is Inconsistent In any material respect with the financlal statements., or sufficient accounting records have not been kepl: or the financial slatements ar8 not in agreemont with the accounting records; or we have nol received all the information and explanations we require for our audit, Rfjsponslblllties of trust•• As explalned more fully in the Statemont of Truste8s' Responslbilltles set out on pag8 5 set out on page 7, the trustee {who are also the directors of the charltable company for the purposes of company law) are responsible for Ihe preparation of Ihe flnanclal slatemenls and for being satisfied thal they glve a true and fair view, and for such Internal control as ihe trustees d8leimine is necessary to enable the preparation of financial statements that are free from materlal misslalement, whether due to fraud or error. In preparing the financial statements, the trustee are responsible for assessing the charitable companls ability to continue as a going concem. disclosing, as applicable, matters ￿lated lo going concem and using Ihe going concern basls of accounting unless th8 trustee either intend to liquidate the chailtable company or to cease operatlons, or have no realistic alternative but to do so. Audltor rnsponslblllll83 for tho audll of the flnanclal statements We have been appolnted auditor under the Cornpanies Act 2006 and report In accordance with this Act. Our objacliv8s ar8 to obtain reasonable assurance about whether the financial statements as a whole are free from malerial misstatement, whether due to fraud or error, and to issue an auditorfs report that indudas our opinion. Reasonable assuranc8 is a high ￿v￿1 of assurance, but is nol a guarantee that an audit conducled In accordance with ISAS (UK) will always delect a materlal misslatement when il exists. Misstatements can arise from fraud or èrror and are considered material if, individually or in the aggregate, they could reasonably be expected to influence Ihe economlc dècisions of users taken on the basis of these financial statements. Irregularltlas, including fraud, are instances of nonrycompliance wlth laws and regulations, We design procedures in line with our responsibililies, outlined above, to delect material misstalements in respect of irregularities, Including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is d8tai18d below: The charitable company is subject to laws and regulations that diiectly and indirectly affect Ihe financial statements, Based on our understanding of the charitable company and the environment il operal8S Within, we delermined that the laws and regulations which were most significant included FRS 102, Companies Act 2006, Health and Safety regulations, the Charity SORP and the Charities Act 2011. We considered the exient to ¥thich non-compliance with these laws and regulations mlght have a material effect on the financial slatem8nls. including how fraud might occur, We evalualed management's in￿ntiveS and opportunities for fraudulent manipulation of the financial siatements (including the risk of overrlde of controls), and detemiined that Ihe principal risks were related to the posting of inapproprial8 journal 8ntrl6s to Improve the compansls result for Ihe period. and managem8nt bias in key accountin9 estlmates. In addition to this, we have also idèntified the following principal risk areas: Income recognition - there are fv40 compon8nts to this risk. being incom8 completeness and cut-off. Trade and asset transfer - there is a risk that the transfer of Irade and assets from the subsidiary charitable company at the balance sheet date has not been accounted for in accordance wilh the applicable financial reporting framework., Defined benefit pension asset valuation there is a risk of the valuation of the pension asset being misstated as amounts disclosed are based on management's accounkn'ng estimat8. Audit procedures performed by th& engagement team included: Page 9

Trllogy Actlve Ltd Independent Auditorfs Report to the Members of Trllogy Actlve Ltd (contlnued) Discussions with management and those responsible for legal compliance procedures within the charitabl8 company to obtain an understanding of the legal and regulatory framework applicab18 to Ihe charitable company and how the charitable company complies wilh that framework. including consideration of known or suspected instances of non<ompliance wilh laws and regulations and fraud; Reviewing mSnutes of Trustee meetlngs., Challenging assumptions and judgements made by management in their significant accounling estimates. in particular with regards to the defined benefit pension scheme assets within the group,. Identifying and t8sling journal 8ntries, in particular any journal entries posted with unusual account comblnalions., Performlng cut-off procedures on income around the balance sheet date In order to gain assurance Ihat income has been recorded in the accounting period to which il relates: Verifying that the trade and assel transfér has been executed as stipulated within the trade and asset transfer agreement as well as reviewing the dececognition accounting entries" Reviewing management's assessment of the defined benefit pension asset and assessing it for reasonabten8SS. Th8r8 are inherent limitations in the audit procedures described above and Ihe more r8moved non-compliance with laws and regulations is from the events and transadions reflected in th8 financial statements, the less likèly we are to become aware of it. Also, the risk of nol detecting a mateflal misstatement due to fraud is higher Ihan the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresantatlons. or through collusion. A further description of our responsibilities is available on the Financial Reporting Council's website al: www.frc.org.uklaudilorsresponsibilities. This description fonns part of our auditor's rèport. U8• of our report This report is made solely lo the charltable parent companrfs trustee, as a body, in accordance with Chaptèr 3 of Part 16 of the Companies Act 2006. Our audil work has been undertaken so Ihal we mlght slate lo the group's truslee those malt8rs w8 are required to state to them in an audilor's report and lor no other purpose. To the fullest extenl permitted by law, we do not accept or assume responsibility to anyone other than th8 charitable parent company and its trustee as a body, for our audlt work. for this report, or for the opinions we have fomied, V￿111 Amos (Senior Statutory Auditor) For and on bahalf of Hawsons Chartered Accountants. Statutory Auditor Jubllee House 32 Duncan Close Moulton Park Northampton NN3 6WL 01112/2025 Date.. Page 10

Trllogy Actlve Ltd Consolldated Statement of Flnanclal Actlvltles for the Year Ended 31 March 2025 Unrestrlcted funds Total 2025 Total 2024 Note Incoming r•soure•s Charitable activlties Trading subsidiaries 0th8r incom8 9,469.938 18,683 101,560 9.469,938 18,683 101,560 7,843,870 505.737 39.789 Total Incomlng resources Resources axpendèd Charitable activities Trading subsidiaries 9,590,181 9,590,181 8,389.396 (9,465.642) 70,508 (9,465,642) 70.508 {8.000.992) 304,006 Tolal expenditure 9,536,150 9,536.1 $0 8,304,998 Net incoming resources Olhor recognlsed galns and losses Actuarial gainsl(lossés) on defined benafit p8nslon schames Negative goodwill credit Nel movement In funds 54,031 54,031 84.398 18 21 (297,328) 363,461 4,592.822 4,592.822 4.646.853 4.646,853 1 $0,531 Reconclllatlon of funds Totsl funds brought fonvard 2.638,020 2.638,020 2,487,489 Total funds carried forward 22 7,284.873 7 284,873 2 638,020 All of the group's activities derive from continuing operations dufing th8 above iwo periods, The funds bréakdown for 2025 and 2024 is shown in note 22. The notes on pages 14 to 34 form an integral part of these financial statements. Page 11

Trllogy Actlve Ltd (Registration number: 07555631) Consolidated Balance Sheet as at 31 March 2025 31 March 2025 Group 31 March 2024 Group Company Company Note Flxed a8setB Intangible assets Tangible assets Investments 10 791,987 5,635,955 243.456 5.635.955 20 683,165 5,732,609 71.342 605,476 20 12 6,427,942 5.879,431 6,415,774 676.838 Current assets stocks Debtors Cash at bank and in hand 13 14 15 34.794 229.446 1,773.590 2,037,830 34.794 242.065 1,612.260 1,889,119 39,697 289.665 1,558,025 36,146 207,646 1,337,967 1,887,387 1,581,759 Credltor8: Amounls falling du• within oné year 16 1,545.467 1,396.776 2,017,720 879,513 Not current asselsl(Ilabllltle8) Total assets less current Ilabllltles 492.363 492,343 130,333 702,246 6,920,305 6,371,774 6,285,441 1.379.084 Credltors: Amoun1• falling due after more than one year 17 188,432 188,432 4.200.421 152,790 Net a¥$et$ excludlng penslon Ilablllty 6,731,873 6,183,342 2,085.020 1,226,294 Penslon 8chem• a88•t 18 553,000 553,000 553.000 422,000 Net a•$et• InGludlng pgn$lon Ilablllty 7,284,873 6,736,342 2,638,020 1,648,294 Charfty funds: Unrestrlcted Incom• funds Unrestricted funds 7,284,873 6,736,342 2,638,020 1,648.294 Total charlty funds 22 7,284 873 6.736,342 2,638,020 1.648.294 The financial statements on pages 11 10 34 were approved by the trustee, and authorised for issu8 on 25 November 2025 and signed on their behalf by: S Adams Governor and trustee The notes on pag8s 14 to 34 form an integral part of these financial stalements. Page 12

Trllogy Actlve Ltd Consolidated Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operatlng acllvltles Net income for the year (as per Stalernent of Financial Activities) 4,646,853 150,531 AdJustm8nts to cash flows from non-cash items D8pr8ciatlon Amortisatlon Actuarial losses on defined benefit pension schernes Adjustment of fixed assets held for the group's own use Negative goodwill credit 407.762 77,611 272,317 32,135 297,328 10 51,325 4.592.822 21 363,461 590,729 388.850 Worklng capltal adjustments Decreasel(increase) in stocks Decreas81(incraase) In debtors Increase in creditors 13 14 16 4.903 60,219 195.848 (9.4441 (3.4841 196,010 Net cash flows from operating activities Cash flows from Inve8tlng activities Purchase of Intangible fixed assets Purchase of tanglble fixed assets Acquisition of investments in subsidiary undertakings Net cash flows from investing activilies Cash flows from flnanclng actlvltles Repayment of loans and borrowings Repayment of capital element of finance lèases and HP contracts Net cash flows from financing activilies Net Increaselldocreasel In cash and cash equlvalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March 851,699 571,932 10 (186,433) (138,682) (29,586) {147.324) 479.956 12 325,115 656.866 16 16 (223,632) 87.387 {70,069) 33,851 311,019 103.920 215.565 (188,854> 1,746,879 15 1,558,025 15 1,773,590 1,558,025 All of the cash flows are derived from continuing operations during the above two periods. Th8 notes on pages 14 lo 34 form an integral part of these financial stat8ments. Page 13

Trilogy Aetlve Ltd Notes to the Flnancial Statements for the Year Ended 31 March 2025 1 Accountlng pollcies The following accounting polici8s hav8 been used consistently in dealing with ilems which are considered material to the charitable companvs affairs, Statutory Informatlon Trilogy A¢tlve Lld Is a private company limited by guarantse and registered In England and Wales. The addr8ss of Its registered office is Unity House. 78 Robert Street. Northamplon, NN13BJ. Summary of slgnlfleant accounting pollcles and key accountlng estlmates The principal accounting policies applied in the pr8paralion of these financial stalem8nts are set out below. These policies have been consistently applied to all the years presented. unless otherwise stated. Stat•mgnt of compllanco The financial statement5 have been prepared in accordance with Accounting and Reporting by Charities,. Statement of Recommended Practice (applicable lo charities preparing their accounts in accordanc8 with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in Octob8r 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) and the Companles Act 2006. Ba818 of preparatlon Trilogy Active Ltd meets the definition of a public benefil entily und8r FRS 102. Assets and Ilabilities are initially recognlsed at historical cost or transaction value unless otherwise staled in the relevant accounling policy notes. Basls of consolldallon The consolidated financial statements consolidate the financial statements of the charitable company and its subsidiary undertaking5 drawn up to 31 March 2025. No statement ol financlal activities is presented for the charity as permitted by section 408 of the Companies Act 2006. The charitable company generated a surplus for the financial year of £5,088,048 {2024 deficit of £839,195). The surplus generated in the current year is as a result of 8 profit on dlsposal of £4,856,000 gen8rated from the trade and asset transfer of a subsidiary undertaklng at the balance sheet date. The deficit generated In the prior year is after an impairrn8nt charge of £871.671 In relation to a new subsidiary acquired in 2024., at the 2024 balance sheet date the trade and assels of this subsldiary were Iransferred to the parent charlty. See note 12 for more details. A subsidiary is an entity controlled by the charitable company. Control is achieved where the charity has the power to govern ihe financial and operating policies of an entity so as lo obtain benefi18 from its activities. The results of subsidiaries acquired or disposed of during the year are included in the stat8ment of finandal activities from the effective dale of acquisition or up to the 8ffecUvo date of disposal, as appropriate. Wh8r8 necessary. adjustments are made to the financlal statements of subsldiaries to bring their accountlng policies into line with those used by the group. The purchase rnethod of accounting is used lo account for business combinations Ihat result in the acquisition of subsidiaries by the group. The cosl of a business combination is measured as the fair value of the assets given, 8qUIty instruments issued and liabilities incuffed or assumed at the date of exchange, plus costs directly attributable to the business combination. Idenlifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measurad initially at their falr values at the acquisition dale. Any excess of the cosl of the business combination over the acquirerfs int8r8St in the net fair value of the identifiable assèts, liablllties and contingent liabililies recognised is r￿Orded as goodwill. When the aggregate fair value of the acquired assets exceeds the consideration paid for the business. the balancing exc8ss amount is recorded as negatlve goodwill. In line with FRS102, negative goodwill is matched wtth the fair value of non-monetary assets purchased. The negative goodwlll credit is then released to the Stalement of Financlal Actlvltles over the period in which the assets a￿ recovered through use {depreciation) or sale. Inter￿QmpanY transactions, balances and unrealised gains on transactions behveen the charitable company and its subsidiaries, which are related parties, are eliminated in full. Intra-group Ioss8s are also eliminated but rnay indicate an impairment that requires recognition in the consolidated financial statements. Page 14

Trllogy Actlve Ltd Notes to th8 Financial Statements for the Year Ended 31 March 2025 (contlnued) 1 Accountlng pollcl•s (¢ontlnued) Accounting policies of subsidiaries have been changed vther8 necessary to ensure consistency with Ihe policies adopted by Ihe group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group's equity therein. Non<ontrolling interests consist of the amount of those interesls at the date of Ihe original buslness combination and the non-controlling shareholder's shar8 of changes in equity since the date of Ihe combinalion. Total comprehensive incom8 is attribuled to non-controlling interests even if this results in the non-controlling interesls havlng a deficit balance. Cash flow exemptlon The charitable company is exernpt from preparing a Statement of Cash Flows under Seclion 7 of Financial Reportlng Standard 102, as ils Includ8d vhthln the consolldatlon of a group where the parent company pr8par8s publlcly available financial statements. Golng concern Th8 trustees have not identified any material uncertainties that may cast significant doubt about the ability of the charitable company to continue as a going concern. The charllable company's business acliviii8s. together with the factors likely to affect Its future development. performance and position. its cash flows and liquidity position have been assessed. The charitable company has sufficienl financial resources together with long-tenn contracts for all of its trading c8nlres. The Trustees understand that tha transactlons that are required to be placed in the financSal Statements in relation to the pension fund are prepared in accordance with assumptions sel by FRS 102 and produce a materially diff8r8nt set of figures than those produced by the pensions fund actuary for Ihe purposes of calculaling the actual sharè of ass8ts and liabllllles as well as thosa used to assess contribution levels. The Truste8s also understand that, in accordance wlth the laws and regulations surrounding the operation of the p8nslon fund. the recovery of any difference between the assets and liabilities on Ihe fund will be agre8d and set at each trlennial valuation and ar8 basad on a 20 year recovery perlod, As a consaquence, the Trustèes be116ve that the charitable company is well placed lo manage ils buslness iisk successfully, Based on thesa assessm8nts and having regard to tha resources avallable to the charltable company, the Trustees have concluded that Ihere is no material uncertainly and that they can continue to adopt the going concern basis in preparing the annual report and accounts. Incom• and •ndowments Membershlp f*•s Membership f88s ar8 amounts payable to Trllogy Actlve Ltd on a monthly basis for usage of th818lsure lacilitles. Detalls of the various mèmbership categories and the benefits Ihey offer can be found on our website at wvM.trllogylelsure.co.uk, Grants recelvable Grants are accounted for when condlllons to entillement have been met. Centre fees Centre fees are amounts payable to Trilogy Active Ltd on a visit4)y-visil bases for usag8 of the lelsure facilities. Details of opening times, activity tables and charges are all available on our websit8. Managemont fees Management fees are the fees paid by West Northamptonshira Council for the operation of the facilili88 and the provision of a Sport and P18y D8v8lopm8nt s8rvic8. Investment Income Income tax recoverable in relation to investment income is recognised at the lime the investment income is ￿ceIvable. Other income Other income is recognised in the period in which it is receivable and lo the extent the goods have been provided or on completion of the service. Page 15

Trilogy Active Ltd Notes to the Financial Ststements for the Year Ended 31 March 2025 (contlnued) 1 Accountlng policles Icontlnued) Revenue fmm tradlng 5ubsldlary Revenue comprises the fair value of the consideration r8ceived or receivable for the sale of goods and provision of services in the ordinary course of the company's activilies. Revenue is shown nel of sa￿s1ValUe added tax, returns, rebates and discounts and after eliminating sales within the company. Expendlture All expenditure is r8cognised once there Is a legal or constructive obligatlon to transfer economic b8nefit for a thlrd party, it is probable that a Iransf8r of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure 15 classified by activity. The c051s of each actlvlty are made up of the total of direct and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a sing18 activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apF)Ortioned behveen those activities on the basis consislent with Ihe us8 of resources. Central staff cosls are 8llocat8d on the basis of time spent, and depreciation charges allocated on the proportion of Ihe asset's use. Expenditure on charitable activities is incurred on directly undertaking activities which further the Companl objectiV8S, as well as any assoclated support costs. All expendilur8 Is Incluslve of Irrecoverable VAT. Goodwill Goodwill is the difference betsveen the fair value of consideration paid for an acquirad entity and the aggregate of the entlvs identifiable assets and liabililies, Al each r8POrting date the Group assesses whether there is any indication Ihat the goodwill may be impaired. If any such indication exisls, the Group estimates the recoverable amounl of the intangible asset and recognises an impairment loss for any shortfall below carrying amounl. Negatlve goodwlll Négative goodwlll arising on the acquisition of an entity occurs as the aggr8gat8 falr value of the acqulred assets &xce8ds the consideration paid for the business. The negative goodwlll is Matched wilh the fair valua of the non-monetary assets purchased to create a negative goodwill credit. The credit Is released to the Stalemenl of Financial Activities over the period in which the assels are recovered Ihrough use or sale. Intanglblo assets Intangible assets costlng £1.000 or morè arè capitalised and recognlsed when future economic benefits are probable and Ihe cost or value of the asset can be measured reliably, Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortlsatlon is provided on intangible assels at rates calculated to write off the cosl of each asset on a straight-lin8 basis over ils expected useful lrfe, Amortlsation Amortisalion is provided on intangible fixed assets so as to write off Ihe cost, less any estimated residual value, over their exp8cled uselul economic life as follows: Assot class Computer software Goodwill Amortisation method and rate 5 years 10 years Page 16

Trilogy Activè Ltd Notes to the Financlal Statements for the Year Ended 31 March 2025 (continued) 1 ￿countIng pollcles Icontlnued) Tanglble flxed a38et8 Tangible fixed assets costlng £1,000 or more are capitalised and rocognlsad when future economic b8nefits are probable and the cost or value of the ass8t can be measured reliably. Tangible fixed assels ara initially recognised al cost. After recognition. under the cost model. tangible fixed assets are measur8d at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working conditlon should be included in the measuremènt of cost. Depreci8lion is charged as lo allocale the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreclatlon Depr8ciation Is provlded on tangSble fixed assets so as io write off the cost or valuation. less any estimated resldual value, over thelr expected useful economic Ilfe as follows.. Asset class Leasehold propety improvements Plant and machinery Motor vehicles Office èqulpment. fixtures and fittings Computer equlpment Sports equipment Bu8ln•83 eomblnatlons Buslness combinations are accounted for undér the purchasa method. Where necessary, adjuslm8nls are made to the flnancial statements of subsidiarles to brlng the accounting policies used into Ilne wlth Ihose used by the group. All intra-group transacllons. balances, income and expenses are eliminated on consolidation, In accordance wlth S8Ctlon 35 of FRS 102. Section 19 of FRS 102 has not been applled In these financlal stalements In respect of business combinations effecled prior to the dale of transition, Deproclatlon method and rat• 5 - 25 years 5- 10years S years 5- 10y8ars 5-8years 5-7years Stock Stock is valued at the lower of cost and eslimated selling price less costs lo complete and sell. after due regard for obsolete and slow moving stocks. Cosl includes all direct costs and an appropriate proportion ol fixed and variable overheads. ogbtors Trade and other débtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at th8 amount prepaid net of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and other short-term highly liquid investments wlth a short maturity of three months or less from the date of acquisltlon or openlng of the deposit or similar account. Llabllllles Liabilities and provisions are recognised when there is an obligation al the Balance Sheet date as a result of a past evenl, it is probable that a transfer ol economic benefil will be required in settlement. and the amount of Ihe settlement can be estimated reliably. Liabilities are recognised al the amount thal the Group anticipates it will pay to $8tt18 th8 debl or the amount it has received as advanced pa￿n8nts for the goods or services it must provide. Provislons are measured at the best 8stimate of thè amounts required to settle the obligation. Where the effect of the tim8 value of money is material. the provision is based on th8 present value of those amounts, discounted at Ihe pre-tax discount rale that reflects the risks speclfic to the liability. The unwinding of Ihe dlscount Is recognised in the Statemènt of Financial Activities as a finance cost. Page 17

Trllogy Actlve Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 (contlnued) 1 Accountlng pollcles lcontlnuod) Borrowings Interest-bearing borrowings are Inltially recorded at falr value, net of transaction costs. Interest-bearfng borrthngs are subsequently carried at amortised cost. with the dSfference belween the proceeds, net of transactlon costs, and the amount due on redemption being recognised as a charge to the Stat8ment of Financial Activits'es over the perlod of the relevant borrowing. Int8rest expense is recognised on the basis of the effeclive interest method and is included in interest payable and similar charges. Borrowings are classified a5 current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reportlng data. Fund stru¢ture General funds are unrestricted funds whlch are avallable for use at the discretion of the Trustees in furtherance of the general objectlves of the Group and which have not been designated for oth8r purposos. Restricted funds are funds which ere to be used in accordanc8 Wlth specific reslriclions imposed by donors or which have been raised by the Group for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Hlr• purchau and flnanc• l•ag•S Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lase ar8 depreciated ovèr the shorter of the lease term and their useful lives. Assets acquired by flnance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over Iheir useful lives. Finance leases are those where subslantially all of the benefits and risks of ownership are assumed by the Group. Obligalions under such agr8ements are included in creditors, net of the finance charge allocated lo future periods, The finance element of the rental payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate of charge on thè nét obligation outstanding in each perlod. Pensions and other post r•tlr•m•nt obllgatlon• The Group operates a defined contribution pension scheme and the pension charge represents the amount payable by the Group to the fund in respect of the year. The Group operates a defined benefrts pension scheme and the pension charge is based on a full acluari81 valualion dated 31 March 2025. Flnan¢lal Instruments The Group only has financial assets and financial liabilities of a klnd that qualSfy as basis financial inslruments. Basic financial inslwments are initially recognised at transaction value and subsequently measured at Ih8ir $8ttlement value with the exception of ￿nk loans which are subsequently measured at amortised cosl using the effective interest method. CrStlcal accountlng •stlmates and arèas of Audgement Estlmales and judgements are continually evaluated and are bas8d on historlcal experience and oiher factors, Includlng expeclations of futur8 events that ar8 b8lleved to be r8asonabl8 und8r the circumstances. Crltlcal accounling eslimates and assumptions: The Group makes estimales and assumptions concerning the future. The resulting accounting gstimates and assumptions will, be definition, seldom equal the related actual results. The eslimales and assumptions that have a significant risk of causing a material adjustment lo the carrying amounts of the assets and liabilities within the next financial year are discussed below: The present value of the defined benefil pension scheme depends on a number of factors that are deterrnined on an actuarlal basis using a variety of assumptions. The assumptions used in d6t8rmining the nel cost or income for pansions include the di8￿Unt rale. Any changes in these assumptions will impact the carrying amount of the penslon asset or Page 18

Trllogy Active Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 2 Income from charitable activities Unrestrlcted fund Total 2025 Total 2024 M8mb8rship fees Centre fees Sales Commission Miscellaneous income Swimming pool Health & fitness suite Other indoor and outdoor facilities Non-specific Income from AVBC Non-specific income from members Other funding 4.$00,263 2.611,099 907,474 5.016 169.492 224.951 495.143 184.575 178.870 188.070 4,985 4,SOO.263 2,611.099 907,474 5,016 169,492 224.951 495.143 184,575 178,870 188,070 4,985 4,145,306 1.577,828 552.241 4,823 665,083 140,834 314,402 137,542 182,213 92,096 31,502 9,469,938 9,469,938 7,843,870 3 Income from tradlng 8ub81dlarie8 Unrestrlct•d fund Total 202S Total 2024 Rèvenue Bar and cafe income 485,642 20,095 18,683 18.683 18,683 18,683 505,737 4 Other Income Unrestrlcted fund Total 2025 Total 2024 Grant income 101,560 101.$60 39,789 Page 19

Trllogy Actlve Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) S Expendlture on charitable activities Unrestrlcted funds Total funds 2025 Total funds 2024 Operational staff costs Purchases Staff costs - HQ staff costs Bank charges Insurance Irrecoverable VAT Other costs Govemance Costs Premises costs 3.887,537 2.605,054 1.195,118 49.038 73.567 212,661 979,740 54.364 408,563 3,887,537 2,605,054 1,195,118 49,038 73.567 212,661 979,740 54.364 408,563 3,207,724 2,539.502 927,257 42.961 58.662 210.496 682,216 44,347 287,827 8.000,992 9,465,642 9,465,642 6 Expondlturo from tradlng subsldlarles Unrestrlcted fund Total funds 2025 Bar and cafe running costs 70,508 70.508 70,508 70,508 Total for 2024 304,006 304,006 7 Audltors. rfrmun•ratlon 2025 2024 Audit of the Companls annual accounts All 0th8r non4udit seniices 15,225 1,575 15,450 1,500 16,800 16,950 8 Staff costs The aggregate payroll c051s were as follows: 2025 2024 Staff co$t8 durlng the year wero: Wages and salaries Social security costs Pension costs 4,789,737 257,126 39,407 3,867,632 236.081 31.268 5,086.270 4,134.981 Page 20

Trllogy Active Ltd Notes to the Financlal Ststements for the Year Ended 31 March 2025 (continued) 8 Staff costs (contlnuedl The average number of persons employed by the group during the year was as folloyrfs.. 2025 No 19 458 2024 No 19 312 Management and administrats'on Operatlonal 477 331 Thé total amployee benefits of the key management personnel of the charitable company were £255.925 (2024 £261,317). The key managemen( personnel of th8 charity comprise the trustees and the Senior Managemenl T8am, which at the year end comprlses the Managing Director, the Finance Director arKI Ihe Director of Health an Wellbeing Development Operations. The number of employees whose emolurnents fell within Ihe following bands was: 2025 No 2024 No £60.001 - £70.000 £80,001 - £90.000 £90,001- £100.000 £100,001- £110,000 9 Trustee remuneratlon and exp•ns•s During the year, no trustee, nor any persons connect8d wilh them, have recelved any remuneration or benefits from the group. During the year, the amount of expenses paid to trustee totalled £NII (2024 - £Nil). Page 21

Trllogy Actlve Ltd Note5 to the Financial Statements for the Year Ended 31 March 2025 (continued) 10 Intangible fixed assets Group Computer software Goodwill Total Cost At 1 April 2024 Additions 632.920 113,048 186,433 745,968 186.433 At 31 March 2025 632,920 299,481 932,401 Amortlsatlon At 1 April 2024 Charge for the year 21.097 63,292 41,706 14,319 62.803 77.611 At 31 March 2025 84.389 56,025 140,414 Net book valu• At 31 March 2025 548,531 243.456 791,987 At 31 March 2024 611,823 71,342 683,165 Charftable company Computer software Goodwill Total Cost Al 1 April 2024 Additions 113,048 186.433 113.048 186,433 Al 31 Maich 2025 299,481 299,481 Amortlsatlon Al 1 April 2024 Charge for Ihe year 41,706 14,319 41,706 14,319 Al 31 March 2025 56,025 56.025 Net b¢)ok value At 31 March 2025 243,456 243.456 At 31 March 2024 71,342 71,342 Page 22

Trllogy Actlve Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 (eontinued) 11 Tanglble flxed assots Group Lelsure centre complex Leasehold Improvements Oth•r flxed assets Fre¢hold land Total Cost At 1 April 2024 Additions Adjustments on transfer of tradè and assets 1,475,272 76.690 3,369,754 285,743 4.875,000 1,350,000 11,070,026 362,433 51,325 51,325 At 31 March 2025 1.551.962 3,604,172 4,875,000 1,35Q,000 11,381,134 Depreclatlon Al 1 April 2024 Charge for the year Al 31 March 2025 1,071,205 162,574 2.798.712 147.688 1.467.500 97,500 5,337,417 407,762 1,233,779 2,946,400 1,565,000 5,745,179 Net book value At 31 March 2025 318.183 657.772 3,310,000 1.350,000 5,635,955 At 31 March 2024 404,067 571,042 3,407,500 1,350,000 5,732,609 Lelsure centre complex A revaluatlon of the entlr8 premlses was undertaken durfng the year ended 31 March 2011. The valuatlon was undertaken by Chartex Limlted, independent external valuers. in accordance wilh the Royal Institution of Chartered Surveyors Appraisal and Valuation Manual and Financial Reporting Standard 15 (IFRS 151. The centre is considered to be a "specialised property", Iherefore ihe valuation was carried out on a 'depreciated replacernenl cost" basis. In 2016 B8lper Leisure Cenlre Limiled decided to treat the 2011 valuation as the "deemed cost" of the Leisure Centre complex for that year and future years. This is permilted by Financial Reporting Standard 102 in the year thal Ihe company first adopts the standard. The freehold land and Leisure C8nlre complex would be shown at £nil in the accounts if shown at original cost. This is because these assets W8r8 given to Belper Leisur8 Centre Limit8d by tha predecessor trust. The centre also holds other items of equlpment that belong lo other groups or bodles (Includlng Belper School) for Iheir own use, which are not included in this valuation, and are also excluded from Belper Lelsure Centre Limlted's accounts. The freehold land and leisure centre complex shown above with a carrying amount of £4.856.000 (2024: £4.856.000) Ware p18dg8d as security for the loans from Handelsbanken Bank shown in the prior year consolidaled notes 16 and 17. The loans were repaid in full during the year. Page 23

Trllogy Actlvè Ltd Notes to the Financial Statements for the Yoar Ended 31 March 2025 (continued> 11 Tanglble fixed assels (contlnuedl Charitable company Lelsur• cenlre complex Leasohold Improvements Other flxed assets Freehold land Total Cost At 1 April 2024 Addilions Transferred from subsidiary At 31 March 2025 1.475,272 76,690 2.197,148 285,743 288,418 3,672,420 362,433 1,350,000 4,948,918 3,310,500 1.551.962 2,771,309 3,310.500 1,350.000 8,983.771 Depreclatlon At 1 April 2024 Charge for the year At 31 March 2025 1.071.205 162,574 1,995.739 118,298 3,066,944 280,872 1,233,779 2.114.037 3,347,816 Net book value Al 31 March 2025 318 183 657 272 3,310,500 1,350,000 5,635,955 At 31 March 2024 404,067 201.409 605,476 On 31 March 2025 Belper Leisure Cenlre Llmlted and its tradlng subsldiary transf6rr8d its entire buslnèss lo Trilogy Aclive Ltd. Th6 fixed assets disclosed above hav8 been transferred al Iheir book value in line with the Asset Transfer Agreement In plac8 upon transfer. 12 Investments Charltobl• company Shar•8 In group undertaklngs and partlclpatlng Int•rests Subsidiary undertaklngs Cost At 1 April 2024 At 31 March 2025 871,691 871,691 Provlslon for Impalmi6nt At 1 April 2024 871,671 At 31 March 2025 871,671 Net book value At 31 March 2025 20 At 31 March 2024 20 Page 24

Trllogy Active Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 12 Investments {continued} Detalls of undertaklngs Details of the inveslments in which the charitsble company holds 20% or more of Ihe nominal value of any class of share capital are as follows.. Country of Incorporatlon Proportlon of votlng rights and shares held 2025 2024 Undertaklng Holdlng Subsldlary undortaklngs Hickory DlckoWs Limited UK Ordinary 100% 100% On 1 December 2023. Trilogy Aclive Ltd acquired the entire shareholding in Hickory Dickorls Limited for £871,691. The fair value of the nel assets held by Hlckory Dickorfs Limited at this date were £238.771. resulting in goodwill arising on acquisition of £632,920, Managemenl have elected to amortiS8 goodwill arising on acqulsiiion over a 10 year period. On 31 March 2024, Hickory DIckor￿S Limitéd transf8rred its eniire business to Trilogy Active Ltd, The prlnclpal actlvity of Hlckory Dickory's Limitad was the operating of children's indoor adventure play and party entres. The company ceased trading on 31 March 2024 and there is an Intenlion for It to be rendered domiant going fonvards. Pursuant to section 479A of the Companles Acl 2006, the accounts for Hickory Dickory's Limited (Company number: 05129259) for th8 2025 financial year, which are included in Ihe consolidated financial statements of Trilogy Active Ltd. have not been audited, This is permitted on the basis that Trilogy Aclive Ltd guarantees all the outstanding liabililies to which Hickory Oickorys Limited is subject to as at th• year end under s8Ctlon 479C. Detalls of the entlties over which the charltable company has conlrol are as follows: Undortaklng Country of In¢orporallon Detalls of undgrtaklng 2024 Subsldlary undertakings Belp8r Lelsure Centre Llmlted Sole member of the company and control Belper Sports Cenlre SeNices Limited Control via Belper Leisur8 C8nlr8 Limited shareholding On 1 August 2023, the company acquirad B8lp8r Lelsure Centre Llmited. Belper Leisure Centre Llrnited is a charitable company limited by guaranlee. Trilogy Active Ltd has control over Ihe entity as il is the sole Memb￿ of Ihe company and has the power to govern its financial and operatlng policies so as to obtain benefits from Ils actlvlties. As such, tha results of Belper Leisure Centre LlmSted and its trading subsidiary, Belper Sports Centre Services Limited, have been Included wlthin these consolidated financial statements from 1 Augusl 2023. UK UK The company acquired Belper Leisure Centre Limi18d for consideration of £Nil. Th8 fair valu& of the net assels held by Belper Leisure Centre Llmiled al this date was £5,669.283. resulting In negative goodwlll arising on acquisition of £5.869,283. In accordance with FRS102, the negative goodwill was then matched with the fair value of non-monetary assets purchases. The negative goodwill credlt was then being released to the Statement of Financial Aclivities over the period in which the assels a￿ recovered through use (depredats'on) or sale. See Note 21 for further detail. Page 25

Trllogy Actlva Ltd Notes to tho Financlal Statements for the Year Ended 31 March 2025 (continued) 12 Investm¢nts {contlnued) On 31 March 2025 Belper Leisure Centre Limited and its trading subsidiary transferred their enlire business to Trilogy Active Ltd. In line with guidance issued by the Charity SORP. the entire deferred negats've goodwill credit has been released to the Stalemenl of Financial Activities. See Note 21 for further detail. The registered company numbar of Belper Leisure Centre Limited and Belper Sports Centre S8Nices Limitad is 06848040 and 03538305 respectively. The reglstered a(Idress of both companies is John O'Gaunts Way, 8elper, Derbyshire. DE56 ODA. The principal activtly of Belper Leisure Centre Limit8d and its trading subsidiary is the provision of facillties for swimmlng and other educatlonal. sportlng and recreational activities for schools and the local communlty. Pursuant to section 479A of the Companies Act 2006. the accounts for Balper Sports Centre SeNices Limited {Company number- 035383051 for the 2025 financial year, which are included in the consolidated financial statements of Trilogy Active Ltd, have not been audited. This is p&rmltted on the basis that Trilogy Activa Ltd guarantees all the outstanding Ilabilities lo which Belper Sports Centre Services Limited is subject to as at the year end under section 479C. 13 Stock Group 2025 Charlty 2025 2024 2024 Stocks Finished goods and goods for resale 3,551 36,146 34.794 34,794 36,146 34,794 39,697 34,794 36,148 14 Dobtors Group 2025 Charlty 2025 2024 2024 Trade debtors Other debtors Prepayments and accrued income 109,892 9,920 109,634 128,357 25,380 135,948 109.892 22,539 109,634 123,258 6.512 77.876 229,446 289,665 242,065 207.646 15 Cash and ¢a8h èqulvalents Group 2025 Charity 2025 2024 2024 Cash at bank Money market fund 488,893 1,284,697 329,730 1.228,295 327,563 1,284,697 109.672 1,228,295 1,773 590 1.558 025 1,612,260 1.337,967 Page 26

Trllogy Actlve Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 {contlnued> 16 Cr¢dltors: amounts falllng due wlthSn on• year Group 2025 Charlty 2025 2024 2024 Bank loans Trade creditors Other taxation and social security Hiro pU￿hase and finance leases Due to group undertakings Other creditors Accruals and deferred income Negative goodwill 70,820 380,095 66,504 70.825 224,452 406,686 7,905 40,103 70,000 322,700 64,392 70,825 2.877 165,867 700.115 70,000 278.745 40.103 57.775 6,593 426,297 250,138 707,085 158,907 634,476 545,191 2,017,720 21 1,545,467 1.396.776 879,513 17 Credltors: amounts falllng due after one year Group 2025 Charfty 2025 2024 2024 Bank loans Hire purchasé and finance leases Negatlve goodwlll 23,833 164,599 93,833 58,957 4.047.631 23.833 164,599 93,833 58,957 21 188,432 4,200,421 188,432 152,790 Page 27

Trllogy Actlve Ltd Notes to the Financlal Statements for the Year Ended 31 March 2025 (continued> 18 Penslon and other schemes Defined beneflt penslon scheme$ Trllogy Active Limited (the charltable company) The charitable company operates a defined benefit pension scheme. The charilable company operates a funded defined benefit schem8 for the benefit of certain employees in conjunction with a local governmanl defined benefit pension scheme. Entry to the scheme was granled through an Admlssion Agreement signed by the Pension Adminlslrator, the Transferor (West Northamptonshire Council) and the Trust. Under the terms of this agreemenl the accrued benefits at the time of Iransfer (1 April 20111 would be treated as fully funded and th8 contribution rate calculated on this basis. These figures were calculated using the assumptions in place at the tim8 of 31 March 2010 revaluation. The figures in these accounls have been calculated in accordance wilh the provision of Financial Reporting Slandard 102. This method of calculation uses a different set of assumptions than the actuarial method de3Gribed above. As such any surplus or deficit from an accounling perspects've would not necessarily reflect the actual funding position using tha valuation method. For th8 yearfs accounts the Trust opted to use a set of bespoke assumptlons which have been agreed wlth the Fund's Actuary,, Hyman Robertson LLP. These assumptlons ieflect better tha Trust's circumstances which are subtly different from the main ernployers in the fund. These assumptions are consistent with th8 requir8ments of FRS102, The assets of the scheme are administered by trustees in a lund independenl frorn those of the charitable company. Contributions are made by both the employar and employee and are based on a percentage of pensionable pay. In addition the Trust makès a fixed sum payment lo pay back any funding déficit, This is based on a 20 year repayment lime frame, In the year ended 31 March 2025 Trilogy Actlve Lld paid an employers, conlribulion of £Nil (2024.. £Nil) represents'ng O¥0 (2024.. 0°/o) of employee contributions into Ihe Local Government Pension Schema, which provides members with a defined benefits relaled lo pay and service. Pension costs are assessed in accordanea with the advice of a qualified actuary usSng tha projected method. The most recent actuarial valuation of the scheme was at 31st March 2025, therefore the data di￿10$&d in respacl of the penslon has remalned the same as the prlor ypar. Prlnelpal aetuarlal a$sumptlon4 The principal actuarial assumptions at the statem8nt of financial position date (expressèd as welghted averages) are a$ follows.. 2025 2024 Discounl rate Expected raturn on scheme assets Future salary Sncreases Future pension increases Post retlrement mortallty a8sumptlons 5.80 5.80 3.25 2.75 4.85 4.85 3.25 2.75 2025 Years 22.00 24.00 22.00 25.00 2024 Years 22.00 24.00 22.00 25.00 For a male aged 65 now At 65 for a male aged 45 now For a female aged 65 now At 65 for a female aged 45 now Page 28

Trllogy Active Ltd Notes to the Flnanclal Statements for the Year Ended 31 March 2025 {contlnued) 18 Penslon and othèr schemes {contlnued) Analysis of assets The Companys share of scheme assets are as follows.. 2025 2024 52 28 16 Equilies Corporate bonds Propety 28 13 100 100 Reconcllladon of $¢heme assets and Ilabllltlé$ to assets and Ilabllltl•s rncognlsed The amounts recognised in the statement of financial position are as follows: 2025 2024 Unrecognised past service cosl Defined benefit pension scheme def￿11 128.000 159,000 128,000 159,000 Defined benellt obllgation Changes in the defined benefit obli9ation are as follows: 2025 Present value at start of year Current service cosl Interest cost Actuarial gains and lossas Benefits paid Contributions by scheme parlicipants Present value at end of year {8,849.000) {128.000) (427.000) 1,664,000 239.000 46.000) 7,547.000 Falr value of scheme assots Changes in Ihe fair value of scheme assets are as follows.. 2025 Fair value at start of year Interest income Return on plan assels, excluding amounts includgd in interest incomel(expense) Contributlons by scheme partlclpants Benefits paid 13.433,000 646,000 (412,000) 48,000 239,000 Fair value at end of year 13,474,000 The defined benefit scheme was in an overall net surplus position as at 31 March 2025. In accordance wllh FRS102, the asset recorded in Ihe charilable companys Balance Sheet has been capp8d based on the asset ceiling, which has been determined by reference to the future economic benefits estimated to be ava¢lable to the charitable company through reductions in future conlribulions to the plan. Page 29

Trllogy Active Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 (contlnued) 18 Penslon and other schemes {contlnued) Belper Lelsur• Cenlro Llmlted (Ihe subsldlary The charitable company's subsidiary undertaking, Belper Leisure Centre Limited, operates a d8fin8d benefit pension scheme. Staff previously employed by Amber Vallay Borough Councll IAVBC), who were transferred lo th8 Trust upon Its fomiation and now lo Belper Leisu￿ Cehntre Limited under the Transfer of Und8rtaklngs (Protection of Employment> Regulatlons 1981. relalned thelr exlstlng penslon rlghts and seNlce under the Derbyshire County Council IDCC) administered pension fund. Belper Leisure Centre Limited makes contribulions in respect of the staff contracted out ol the SERPS scheme and into the DCC funded scheme. The assets of the scheme ara héld saperatély from those of Balper Lelsure Centre Limited in the separately administered ￿herne for DCC. The last actuarial valuation of the fund was at 31 March 2025. Pleasa rèfér to the financial statements of B8Ip81 Lèisure Centre Limlted for further detail. The fin8ncial ststements are publlcly avallable and Ihe registered address of Belper L8isure Cenlre Limited is John O'Gaunts Way, Belper, Derbyshire, DE56 OQA. The 18gistered company numbér ol B8lp8r Lelsuré Centre Llmlted Is 06848040. Th8 register8d charily number of B81p8r Lelsur8 Centr8 Llmlted is 1129019. On 31 March 2025 th8 trade and assets of Belper Leisure Cenlr6 Limited y￿re transferred to Tfllogy Actlve Ltd. The defined benefit penslon scheme was included in the transfer. 19 Obllgatlons under leases and hlre purehaxé eontraets Op•ratlng lease commttm•nts Total future mlnimum lease paymènts under non-cancallable operets'ng leases are as follows: Group 2025 Charlty 2025 2024 2024 Land and bulldlngs Within one year Between one and five years 32,500 65,000 32,500 97,500 32,500 6S,000 32.500 32,500 32,500 97,500 West Northamptonshire Council provided tha land and 18isure cÉntr&s al Mounl Baths and Danes Camp Centre for the use by the charlty lo operate sports centres, rent free, throughoul the year and previous year. The land and buildings of Lings Fowm were provided by West Northamptonshlre Council, rent free, under a service agreement. The land and buildings of Duston Sports Centre were provided by Duslon Parish Council, rent fr8e. under an operating lease to 2027. Th8 land and buildings of Cripps Recraational C8ntre were provided by Northampton General Hospital, rent free, under an operating lease to 2025. The leases of these premises ar8 not capitalis8d as the charity d08s not hav8 control over any of Ihe premls8s due to various restrlctlons In the leases. Improvements to the sports centres are capitalised and depreciated over the perlod of the lease. Page 30

Trllogy Actlve Ltd Notes to the Financial Statements for the Year Endad 31 March 2025 {continued) 20 Related party transactlons Group The company has taken advantage of exemptions available under Section 33.1A of FRS102 from disclosing transactions with oiher members of the group. Charltablg Company The charitable company has a funding agreement with West Northamplonshire Counal to provide leisure facilities within Northamplon. West Northamptonshire Council is a member of the company. During the year the Trust made purchases from West Northamptonshlra Council of £2,462 (2024: £2.403) In relation to various Councll provlded seNlces. As at 31 March 2025, included wilhin creditors is an amount of £Nil {2024- £728) owing to the Council. Sales wer8 made to West Northamptonshir8 Council of £19,902 (2024: £Nil). As al 31 March 2025, included within debtors Is an amounl of £1,368 {2024.' £NII) owed by the Council. Durlng the year Ihe Trust made sales to Northamplonshire Sport, a mamber of the Company, of £55,896 (2024: £81,378). As at 31 March 2025. included within debtors is an amount of £Nil {2024.' £13,272) owed by Northamptonshire Sport. During the year the Trust mad8 purchases from Northamplonshire Sport, a mernber of the Company, of £Nil (2024.. £672), As al 31 March 2025, included within creditors is an amount of £Nil (2024: £Nil) owed by Northamptonshire Sport. During the year the Trust made purchases from Northampton General Hospltal. a member of the Company. of £162.936 12024.. £59,592). As at 31 March 2025. Included withln credltors Is an amount of £162,936 {2024: £NII) owed by Northampton General Hospital. As detsiled in note 18 th8 land and premises used by the charity in the operation of sports centres are provided by the charity by the following members: West Northamptonshire Council. Duston Parish Council and Northampton General Hospilal, under operating leases at no charge to the charity. 21 Negatlvo goodwlll The aggregate falr value of the acqulred assels from the acquislllon of Belper Leisure Cenlre Limited and Its subsidlary on 1 August 2023 exceeded th8 consideration paid for the group, resulling in negative goodwlll of £5.669,283 arising. In Ilne wilh FRS102, the negative goodwill was being matched wilh the fair valu8 of the non-monelary assets purchased. The negative goodwill credit was being released to the Stalement of Financial Activities over the period in which the assets are recovered through use (depreciation) or sale. The non-monetary assets acquired consisted of fixed assets. Flx•d a$8•t8 The fixed assets transferred included all fixed asset categories within th8 financS8l statem8nts. The median valu8 of thè minimum and maximum bases used In each asset class. depreclation policy has therefore b8en consldered a reasonable estlmate to apply In regards to the recovery of the fixed asset6. Trnn$f¢r On 31 March 2025 Belper Leisure Centre Limited transferred its entlre business to Trilogy Active Ltd. In line vlth the 9uidance issued by the Charity SQRP, the transfer has been accounted for as an acquisiiion. rather than as a merger, as the conditions for a merger have not been met. On the basis Ihat the Irade and ass8ts are now held directly by Trilogy Active Ltd, the entire deferred negative goothvill credit brought forward from the prior year of £4,592,822 has been released to the Statement ol Financial Aclivities in the current year. Page 31

Trilogy Actlve Ltd Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (continued) 22 Fund8 Group Other Resourcos recognlsed expended galnsl(losses) Balance at 31 March 2025 Balance at 1 Aprll 2024 Incomlng resources Unrestrlcted tund8 un￿Stricted fund 2.216,020 9,590.181 (9,536.150) 4.592.822 6,862,873 422.000 Pension reserv6 422.000 Total funds 2,638,020 9,591J,181 9,536,150 4.592,822 7,284.873 oth•r Resourcos recognlsed •xp•ndod galnsl(loss•s) Balanc• at 31 March 2024 Balanco at 1 Aprfl 2023 Incomlng rnsourc•8 Unr05tr1cted funds Unreslrictad fund 1,768,161 8,389,396 (8.304.998) 363,461 2,216.020 Pension reserrfe 719,328 297,328 422,000 Total fund8 2,487,489 8,389,396 8,304,998 66,133 2,838,020 Charlty Other Resources rocognlsed •xp•nded gainsl(1088•3) Balance at 31 March 2025 Balance at 1 Aprll 2024 Incoming resour¢•8 Unre8lrlct¢d funds Unreslricted fund 1.226.294 8,294,904 <8,062,856} 4,856,000 6,314.342 Pension r888rv& 422.000 422,000 Total funds 1,648,294 8,062,856 4,856.000 6,736,342 Other Resources recognlsed expended galnsl(losses> Balanc• at 31 March 2024 Balance at 1 Aprll 2023 Incomlng resources Unrestrlcled funds Unrestricted fund 1,768,161 6,985,070 (7,526,937) 1,226,294 Pension reserve 719,328 297,328 422,000 Total funds 2.487,489 7,526,937 (297.328 1,648,294 Page 32

Trllogy Actlve Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 23 Analysls of net ass•ts between funds Group Total funds at 31 March 2025 Unrestrlcted fund Intanglble fixed assets Tangib18 fixed assets Current assets Current liabilities Creditors over 1 year Pension scheme asset 791,987 5,635,9S5 2,037,830 11,545,467) 1188,432) 553,000 791,987 5,635,955 2,037,830 (1,545,467) (188,432) 553,000 Total net assels 7.284.873 7,284,873 Total funds at 31 March 2024 UnroStrlct•d fund Intangible fixed assels Tangible flxed assets cuf￿nt assets Current liabllilies Creditors ovér 1 yèar Pansion scheme liability Total nat assets 683.165 5,732.809 1,887,387 (2,017,720) (4,200,421) 553,000 683,165 5,732,609 1,887,387 (2,017,720) (4,200.421) 553.000 2,638,020 2,638,020 Charlty Total fund8 at 31 March 2025 Unr•strlct•d fund Intanglble fixed assets Tangible fixed assets Fixed asset investments Currant assets Current liabilities Creditors over 1 year Pension scheme assel 243,456 5,635.955 20 1,889,119 (1,396,776) 1188,432) 553,000 243,456 5,635.955 20 1,889,119 (1,396,776) {188,432) 553,000 Total nel assets 6,736,342 6.736.342 Page 33

Trllogy Actlve Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 (contlnued) 23 Analy818 of net assets between funds (contlnued) Totsl funds at 31 March 2024 UnroStrlct•d fund Intangible fixed assets Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year Pension scheme asset 71,342 605.476 20 1,581,759 {879,513) (152,7901 422,000 71,342 605,476 20 1,581,759 (879,513) {152.790) 422,000 Total net assets 1,648,294 1,648.294 24 Analysls of not dobl Group At 1 Aprll 2024 Cash flows New flnance lea8e8 Al 31 March 2025 Net cash Cash at bank and in hand 1,558,025 1,558.025 215,565 215.565 1,773,590 1,773.590 Not d•bl Finance leases (99,060) (318,285) <417,345) 87,387 223,632 311,019 (223,751) (235,424) {94,653) (330,077) Bank108ns (223,751) 1.140,680 526,584 (223.751) 1,443,513 25 Post balance sheet evonts N•w acqulslllon On 11 August 2025, the charitable company acquired the business and certaln assets of H & S Play Limited for a total consideration of £340,000. The acquisition took place after Ihe reporting date and therefore is treated as a non-adjustlng post balance sheet event in accordance with FRS 102 Section 32 - Events after the End of the Reporting Period. Contract wlth West Northamptonshlre Councll Subsequent to the year end, the charitsble company remains conscious that its main contract with West Northamptonshire Council is due to expire on 31 March 2026. after which a significant part of its business will be lost. Management is, however, proactively planning to retain as many customers as possible wilhin the charitablo company's other sites and is activety seeking facilrties in Northampton and nearby locations from which services can continue to be delivered to members. It is not yet practicable lo determine the full financial effect of either of the above. Page 34