Charity registration number 1147008 {England and Wales) Company registration number 08026727 LITTLEPORT LEISURE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
LITTLEPORT LEISURE LEGAL AND ADMINISTRATIVE INFORMATION Tru$t006 Mr D Ambrose kn7mith Mrs Jo Webber Mr B Paddinglon Charity number IEngland and Wales) 1147008 Company number 08026727 Registered office Littleport Leisure Community Centre Camel Road Lrttleport Ely CB6 1EW IndÈpendent examinèr Ensors Accountants LLP Victory House Vision Park ChivÈrs Way. Histon Cambridge CB24 9ZR
LITTLEPORT LEISURE CONTENTS Page Tru51ees' report Independent examinels report Statement of finanal activittes Balance sheet Notes to the financial statements 7-15
LITTLEPORT LEISURE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present Iheir annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial slalemenls and comply wtth the charty's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities". Statement of Recommended Pracliee applicable lo charities preparing their accounts in accoidance with the Financial Reporting SiandaTd applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019}. Objectives and activities The objects of the Chaiity are lo provide sporting and recrealional facilities for the resident5 of and visitors lo Littleport and the surrounding areas. The charity works with the local community lo provide affoidable quality facilities lo encourage health. well-being and enjoyment of 5POrts. fitness and social activities as well as work with disadvantaged groups within the communty- We strive to increase usage of all the sporting areas within the complex despite the strong compel'lion from k)cal council and Pfivale sports facilities. Public benefit Public benefit In shaping our objectives for the past year 3nd planning our activitie5. the Iruslees have considered the Charity Commission's guidance on the operation of the public benefii requirement under Ihe Charities Act 2011. The centre reliès on grants and th8 ¢n¢ome from fees to cover its opcrating costs. Affordability and awess to our centre is important lo us and is reflected in our pricing policy. Achievements and perfomiance Significant activities and achievements against objeclives The Charily Ii¢db liÈatJ <1 yuud year an¢J conlinue5 10 increase ihe fooffall of memDefS ano user groups io ihe centie. The centre started the year with all the regular classes, basketball. netball, lable tennis, skating, badminton, korfball. aerobi¢s lo name a few. In the previous year the cenlie started hosts.ng Little City for children whth remains very popular. The centre also has various children's activrties such as soft play. Football Fun Factory, School of Dance and Monkp_y Music New classes such as Taek%von-Do h8ve started in the financial year. Park RLFn is still held every Saturday which draws in large numbers of compelilors. The centre continues lo provide sports and recreational actwilies for beginners, seniors and less able members with reguldl cla55es such as maiure & a¢iive. Fifty+ Fitness, MS ()TOUP. move io music, PosAL)Ilrty, chair yoga. zumba gold and beginners pilales_ The centre also hosted a National Filness Day in September 2023 which offered people the opportunty to drop in and try a class at reduced pnces. The Cent contirTrued to provide a walk-in clinic for covid-19 vaccines. In early MaFch 2023 the small gym area was fvlly refurbished with the help of funding from East Cambs District Council and oPQrt England. The idea behind the project was to yruvide byeiifiL ¢aiea v¥liere woinen and girfs Gould train and where they would feel comfortable and not intimidated by the surroundings of the main gym. The uinpleiion of ihis project also gave opportunrties lor parenvchild 5es510n5, beginners gym sessions and one-lo-one personal trainer sessions. The under 15.5 also use this space for Iheir junior sessions which are noN held three days a week. The club stsrted recording footfall from gym and classes since the pandemic. Numbers were 2.568 in April 2023 compared to 3,237 in April 2024
LITTLEPORT LEISURE TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The centre offers membership that includes use of Ihe gym tor EJJ per monin and a 30 day Pobb lui £38. There is also a Pay As You Go oplion for the gym and dasses such as HIIT, circuits. yoga and pilales etc. These prices are very competitive compared lo other cenlres in the area. We continue lo have regular contact wrth East Cambs District Council sports and recreation officers for the benefit of the local inhabitants. The centre continues lo face uncertainty with rising inflation and costs. Since the yeai end the centre has introduced free classes included in all monthly paying memberships to enable the communty to exercise at an affordable rate. Financial review The Charity is showing a deficit of £2.523,072 {2023 - surplus of £6.7901. This is due lo the revaluation of the buildings in the current year. In the current financial year there has been another significanl increase in light and heal costs recharged from the Littleport and E?qt r.ambs Academy Irusl. The centre is having on qoing discussions wilh the trust about how these costs have been calculated. The centre also started paying council tax in the current and previous year due to a discretionary rates relief being withdrawn. Reserves policy In previous years the level of reserves have been very low. The Iruslees made steps to address th6 by selling some land owned by the charity in previous years which signrficanlly boosted the unrestricted funds balance. However the trustees are aware that future revcnu¢s are still unknown which makes it very difficijlt to have a resetves policy. Major risks The trustees and management are able to control the activities of the charty by their day lo day involvement in the opeiatlullb ul Ilie charity and through a system of internal controltr designed to managè key risks. Io DIVP. rpasonable assurance as lo the accuracy of financial information and lo safeguard the charrty's assels and repulalion. Financial sustainability is the major financial risk for the chatty- A key element in the management of financial risk is a regular review of available liquid fvnds lo settle debts as they fall due. Attention has also focuseo on non financial risks arising frnm hpalth and safety These risks are managed by ensuring accreditation is up lo dale, having robust policies and procedures in place, and regular awareness training for staff Wofking in these operational aTeas_ Plans for future periods Like many other sectors, public leisure and sport was hil hard by the impact of the pan(Jemic. This nas hl9hliyl)led that Charities such as 1hp.sp xrp. an invaluable community asset providing service5 lo support the mental and physical health and wellbeing of the local residents and wider society. The charity received £20,023 12023 £13,5CKJI in various grants from East Cambs District Council, Community Sports ano Sport England. Structurc, governancè and managèment Littleport Leisure is a company limited by guararstee govemed by it's Memorandum and Articles of Associalion dated 19 Llecember 2016. It is reglstered a5 a chtiiily witli the Charity Commi38ion. Aryonc over the agè of 16 can become a member. The Iruslees, who are also the directors for the purpose of company law. and who served during the yeai and up to the date of signature of the financial statements were". Mr DAmbrose Smith Mrs Jo Webber Mr B Paddington
LITTLEPORT LEISURE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Recruitment and appointment of tmstees Appointments lo vacancies on the Board arising after the date of Ihese A'cleS shall be decided by majority decision of the primary class members, namely the Iruslee directors from time lo lirne. A trustee direclof appointed or reappointed by the members shall be appointed for a four year term in ofFice. A Iruslee director may retire by giving written notice to the chanty of at least four weeks prior lo the due retirement date (provided Ihal at least the minimum number of Iruslee directors will Temain in office when the resignation is to lake effect), and such resignation has taken effect in accoidance with its terms. No appointmenl or reappointment shall be permitted when the Iwstee director in question has held office for Nvo or more successive terms of four years unless the continuing If¥Jslee directors resolve that there are exceptional cifcumslances requiring the reappoinlmenl of the Iruslee director. In which case the trustee diiector may be appointed for an unlimited number of further terms provided that each subsequent lemi is approved at a meeting ol the members. Newly appointed trL+slees are given sulficienl training and instruction in order to enable them lo complete their necessary duties. Qualifying third party indemnity provi&ons The Company hos made qualifying third-party rndemnity provisions for the beriefil o( its diFe¥loFs wliich were Inade during the year and remain in force at the date of Ihis report. Small company provisions This report ha5 been Ppad taking advantage of the small companies, exemption of section 415A of the Companies Act 2006. Disclosure of information to auditors Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confimied Ihal they have taken appropriate steps lo identify such relp.VAnt infnrmalion and to establtsh that the 2uditor is awara of gu¢h infoftnatitsn. The Ir tees rtwa approved ty the Board of Trustees. Mr D Amhrnse. Smit Trustee Dale..
LITTLEPORT LEISURE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES QF LITTLEPORT LEISURE I report lo the trustees on my examination of Ihe financial statements ot Liniepon Leisure Ohe charity) foi Ilie year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity land also ils directors for the purposes of company law), you are responsible for the preparation of the financial slalernents in accordance with the requirements of the Companies Act 2006. Having sat15fied mysetf thal the financi81 stalemenls of the charity are not required lo be audited under Part 16 of the Companie5 Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying oul my examination I have followed the Directions given by the Charity Commission under seclion 145151{b) of the Charities Act 2011. Independent exarninerfs statement Since the charity s gross income exceeded £250,000. the independent examinef musl be a member of a body listed in section 145 of the Charities Act 2011. 1 confim that l am qualified lo undertake the examination because l am a member of ICAEW, whKh is one of the listed bodies. I have completed my examinatson. I confirm that no matters have come to my attenlioll in connection wilh the examriitalivii givin9 me cause to believe that in any material respect-. a¢countiTrg records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financ>al statements do not accord with thosè records.. or the financial slatemenls do not comply with the accounting requirements of section 396 of the Companies Act 2006 othef than any requirement that the financial slatemenls give a true and fair view, which is nd a matter considered as part of an independent examination", or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommp.ndpd PrAe.tice for accounting and reporting by charities applicable lo charities preparing their financial statements in accordance wilh the Financial Reporting Standar(J applicable in the UK and Republie of Ircland IFRS 1021. I have no concerns and have come across no other matters in connection wrth the examination to which alterFtiun should be dra n in Ihis report in order to enable a proper understanding of the Iinanaal statemen15 lo be reached. Mr J Lawson FCA Ensors Accountants LLP Victory House Vision Park Chivers Way, Histon Cambridge C824 9ZR Dated..
LITTLEPORT LEISURE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCQME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Tolal Unrestricted Restri¢ted funds funds 2023 2023 Totsl 2024 2023 Notes Income from.. Donations and legacies Charitable activities 867 298.861 20.023 20.890 298.861 3,751 265.409 13,500 17.251 265.409 Totsl income 299.728 20,023 319.751 269,160 13.500 282,660 Expenditure on: Charitable activllies 308,856 2,533,967 2,842.823 233,859 42,011 275,870 Total expenditure 308,856 2,533.967 2,842,823 233,859 42,011 275.870 Net in¢omel{expenditurel and movement in funds (9.1281 {2.513.9441 {2,523.072} 3S.301 (28,511) 6.790 Reconciliation of funds.. Fund balances al 1 April 2023 219,871 5,025.891 5.245.762 184.570 5,054.402 5.238.972 Fund balances at 31 March 2024 21U,743 2.511,947 2,722,690 219,871 5,025.891 5,245,762 The statement of rtnancial aclivilies iiiautJ¥b dll gains 1055e5 recogni5ed In the year. All incorne and expenditure derive from continuing aclivrties.
LITTLEPORT LEISURE BALANCE SHEET ASAT31 MARCH2024 2024 2023 Notes Fixed assets Tangible assets 10 2,542,756 5.063,855 Current assets Debtors Cash at bank and in hand 11 24,568 217.547 10,269 246.945 242,115 257.214 Creditors- amounts falling due within one year 12 162.1811 {75,307) Net current assets 179,934 181,907 Total assets less current liabilities 2.722.690 5,245.762 The funds of the charity Restricted income funds Unrestricted funds 14 15 2.511,947 210.743 5,025,891 219.871 2.722,690 5,245,762 The MpanY Qntitled to the gxemption from the audit requiremenl rnntAined in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilrties for comptying wrth the reqU1MentS of the Companies Act 2006 with respect lo accounting records and the preparation of financial ststements. The members have not reqUId the company lo obtain an audit of its financial statements for the year in question in accordance wilh section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies re9ime. The fin ial s me swe ap oved by the trustees on _. g.i]:J Mr D AmbrnEp .qmith Trustee Company registration numbef 08026727 (England and Wales}
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity infomiation Lillleport Leisure (Limited by Guarantee) is a private company limited by guarantee incorporated in England and Wales. The registered office is Camel Road. Lrttleport, Cambs, C86 1 EW. 1.1 Accounting convention The financial slalemenls have been prepared in accordance with the charity'5 Mernorandurn and Artic5, the Companies Act 2006 and "Accounting and Reporting by Charities.. Sialement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo prepare a Statement of Cash Flows. The financial statement5 are prepafed in steding, which is the functional currency of the charity. Monetary amounts in these financial slatemenls are rounded to Ihe nearest £. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below_ 1.2 Going eoncern Al the lime of approving the financial slatements. the ITUStees have a reasonable expectalion that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Iruslees continue lo adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrp.slricted funds are availablè for uso at the discretion of the trustccs in furthcrancc of thcir charitable objective5. Restricted funds are subject to spectfic conditions by donors or grantors as to how they may be used. The purposes and use5 of the restricted funds are set oul in the notes to the financial slalements. 1.4 Income Income from admission fees and use of facilities is e0rded when receivable whenever the amounl is known., otherwise il is accounted for on a cash received ha%1% Income fi.oiii dvii¢i140n5 and interest are incluae(J when receNaDie by Ihe chanty. Local authority grants are recorded on an accruals basis to the extent Ihal the value can be determined wrth some accuracy. 1.5 Expenditure Resources expended are included in the Slalement of Financial Activities on an accruals basis, inclusive ol any VAT which cannot be recovered. Resources expended on charitable activities indudes all costs of operation of Ihe sports cenlre. Govemance costs include audrt. accountancy fees and other costs associated with statutory requirements and govemance of the Charity.
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles {Contlnued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequentty measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases. Leasehold land and buildings Sports equipment Fixtures and fittings over the lease lemi 20% per annum straight line 33Yo per annum straight line 115QA reducing balance The gain or loss arising on the disposal of an asset is determined as the differen betsveeri the sale proceeds and the carrytng value of the asset. and is rec.ogniEèd in the statement of financial activities. 1.7 Impaimient of fixed assets At each reporting end dale. the chaytty reviews the carryinq amounts of ils tangible assets lo delemine whether there is any indication that those assets have suffered an impaimenl loss. If any such ind8110n exists, the recoverable amount of the asset is estimated in order to detennine the extent of the impairment loss lif any}. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowing5 in current liabilities. 1.9 Finanrial instruments The charity has elected lo appty the provisions of Section 11 'Basic Financial Instruments, and Seclion 12 'Otlier FinanGial lftstruments Issue3, of rr<. 102 to all of its financial instruments. Financial Inslnjmenls afe recognised in ihe chartry's balanre Sheet wli¥ii Ilie charity becomes party to thc conlractU31 provisions of the instrument. Finanr.ial assets and liabilities are offset. with the nel amounts presented in the financial stalemenls, when there is a legally enforceable right lo set off the recognised amounls and there is an intention lo settle on a net ba1 or to realise the assgt and settle the liabilty simultsneougly. Basic financial assets Basic financial assp.t%. which inrjude debtors and cash and bank balances. are Initial measured al transaction price including trarisaclion costs an(J are subsequently carried al amortised cost using the effective intere31 method unlc- the arrangement constitutes a financing transaction. where Ihp. tr5Jnqaction is measured at the present value of the future receipts discounted al a market rate of interest. Financial assels classlfted as receivable wilhiii vile year are not amortised.
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aecounting policies (Continued) Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are inilialty recognised at transaction prtce unless Ihe arrangement constilules a financing transaction, where the debt instnjmenl is measured al the present valL*e of the future payments discounted al a market rale of interest. Financial liabilib.es classified as payable within one year are not amortised. Debt instruments ale subsequently carrd at amortised cost. using the effective interest rale rnelhod. Trade creditofs a obligations to pay for goods or services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are classTrfied as current liabilities if payment is due within one year or less. If not. they are presented as non-currenl liabilrties. Trade creditors are CogniSed initially al transaction price and subsequenlly measufed al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities ale derecognised when the chatty's contractual obligalions expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entillemenl is recognised in the period in which the employee's services are received. Temiinalion beneffts are recognised immediately as an expense when the charty is demonstrably committed lo lerminale the employment of an employee or to provide lerminalion benefits. 1.11 R@tiremèNt benefits Payments lo defined contribution retirement benefit schemes are charged as an expense as they f311 due. Critical accounting estimates and judgements In th¥ apylii¢dlit)11 vf the charity's accouniing Pollcles, tne trusiees are required 10 make judgemenis, esismaies and assumptions about the carrying amount of assets and liabilrties that are not readily apparent from other sources. The eslimales and associated assumptions are based ors historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. Thg. Pstimates and undertying assumptions are reviewed on an ongoing basis. Revisions lo #¢counting eslimales are recognised in the period in which Ihe estimate is revised where Ihe revision affects onty that persod, or in the period of the revision and futu periods where the revision affects both current and future periods. Income from donations 2nd lègacies Unrestricied Resiricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Totsi 2024 2023 Donations and gifis Grants 867 867 20.023 3.751 3,751 13,500 20.023 13,500 867 20,023 20.890 3,751 13.500 17,251
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacics {Continuedl Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Grants Other 20,023 20,023 13.500 13,500 20,023 20.023 13,500 13,500 Charitablc activities Charitable Charitable activities activities 2024 2023 Centre activitie5 Interest received 297.129 1,732 265.067 342 298.861 265,409 10-
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities Unrestricted Restricted funds funds 2024 2024 ToLIl Unrestricted Restricted 2024 funds funds 2023 2023 Total 2023 S18ff costs Depreciation and impairment Adminislialive expenses Advertising and staff welfare 87.904 87.904 73.447 73.447 34,027 2.533,967 2.566.299 175.909 177,604 13.C66 137.515 42.011 43,199 149,393 109 261 261 297.949 2,533.967 2.831,916 224,289 42.011 266,300 Share of support costs (see note } 10,907 10,907 9,570 9,570 308,856 2.533.967 2.842,823 233,859 42,011 275,870 Analysis by fund Unreslricled funds Reslricled funds 308,856 308,856 2.533.967 2,S33.967 233.859 233,859 42.011 42.011 308,856 2,533,967 2.842.823 233,859 42.011 275,870 Aecountan¢y fccs 2024 2023 Audit of the charity'5 annual accoun15 6,000 Non-audit sernices All other non-audil services 10,907 3,570 Trustees None of the Iruslees {or any persons connected with them} received any remuneration or benefrts from Ihe charity during the year. There Is insurance cover for the trustees against liability arising from their office. The premium paid is included vAthin the premium for public liabilty cover. 11
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees The average Inonthly number of employees during the year vrds.. 2024 Number 2023 Number Sports and recreation Administration and management Reception Total Employment Costs 2024 2023 Wages and salaiies Other peH51VWI CQSts 86,485 1.419 72,261 87,904 73,447 The charity Iruslees were neither paid nor received any other benefils from employment with the clprity in the yeac12023 - £nill neither were they reimbursed expenses during the year12023 - £nill- -t¢e received payment foi plofessional or other serviees supplip_d to the charity {2023 - £nill. No charity tru- There were no employees whose annual remunerakn.on wa5 more ihan £60,000. Taxation The charity is exempl from taxation on tts activities because all rts income is applied for charitable purposes. 12-
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Tangible fixed assets Leasehtsld nd and bllfing$ Sports Fixture$ and equipment f19$ Total Cost or valuation Al 1 April 2023 Additions Revaluation 5.264.856 79,683 16.138 51,758 5,396,297 9,339 25,477 12.764,8561 {2.764,8561 At 31 March 2024 2,500,000 95.821 61,097 2,656,918 Depreciation and impairment Al 1 April 2023 D¢pieciation chaiged In ihe yeaT Revaluation 230,889 42.119 (273.0081 70.185 6,519 31,368 6,090 332,442 54,728 1273,008} At 31 Mar¢h 2024 76.704 37,458 114,162 Carying amount At 31 March 2024 2.500.000 19,117 23.639 2,542,756 At 31 March 2023 5,033.967 9,498 20.390 5,063,855 Lana ano builoings were revalued at 31 March 2024 to the estimated fair value of £2.500,000 by the Iru5tees. Al 31 March 2024. had Ihe revalued assets been cartied al historic cost less accumulated depreciation and accumulated impairment losses, their carryin9 ainouiil wvuld have been approximatety £4,991.848 12023 £5,033,967) 11 Debtors 2024 2023 Amount$ falling due within one year: Trade debtors Prepayments and accrued income 20,051 4,517 9,205 1,064 24,568 10,269
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 6,538 48,723 1,920 5,000 8.369 55.268 1,920 9.750 62,181 75,307 13 Retirement benefit schemes 2024 2023 Deflned contrlbutlon schernes Charge to profit or loss in respect of defined contribulion schemes 1,419 1,186 The charity operates a defined contribution pension scheme for all qualifying empk)yee5. The assets of the scheme are held spp2ratÈly from those of the charrty in an independenlty administered fund. At the balance sheet date £27012023 - £169) of pension contributions were outstanding. 14 Restricted funds The $tricted fund5 of the charity comprise the unexpended balan$ of donations and grants held on trust subjeci io specific conditions by durivi> d5 lo how they may be used. At 1 April 2023 Incoming rèsources Resources At 31 March expended 2024 5.025.891 20,023 (2,533,96n 2,511.947 Previou$ year: At 1 April 2022 Incoming resources Resources At 31 March expended 2023 5,054.402 13.500 142.0111 5.025,891 The restricted fvnd has arisen as a sUIt of the land and building5 donated by Cambridge County Council and the Ptlribli CouiTrril whiGh will be transferred back in the event of thc winding up of the charity- The lease term is 125 years. The balance represents the nel book value of the donated land and buildings. 14
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Unrestrictsd funds The unrestricted funds of the charity compiise the unexpended balances of donations and gr8nts which are not subject to specific conditions by donors and grantors as to how they may be used. These Include designated funds which have been set aside out of unrestricled funds by the truslees for specific purposes. At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 219,871 299.728 {308.856) 210.743 Previous year.. At 1 April 2022 Incoming resources Resources At 31 March expended ZOZ3 General funds 184,570 269.160 {233.859) 219,871 16 Analysis of net assets between funds Unrestricted Restsicted funds funds 2024 2024 Total Unrestricted funds 2023 Restricted funds 2023 Total 2024 2023 Fund balances at 31 March 2024 are represented by.. Tangible assets CLJrrent assetgllliabilities) 30,809 179,934 2.511,947 2,542,7 179.934 37,964 181.907 5,025.891 5,063,855 181,907 210.743 2.511.947 2,722,690 219,871 5,025,891 5,245.762 17 Control The charity is controlled by Ihe board of trustees.