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