Company registration number 08026727 (England and Wales) Charity registration number 1147008 (England and Wales) LITTLEPORT LEISURE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
LITTLEPORT LEISURE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr D Ambrose Smith Mrs Jo Webber Mr B Paddington Country of incorporation United Kingdom {England and Wales) 08026727 Charity registration England and Wales 1147008 Registered office Littleport Leisure Community Centre Camel Road Littleport Ety CB61EW Independenl examiner Ensors First Floor Victory House, Vision Park Chivers Way, Histon Cambridge CB24 9ZR
LITTLEPORT LEISURE CONTENTS Page Trustees. report Independent examiner's report Statement of financial activiiies Balance sheet Notes to the financial slatements 8-16
LITTLEPORT LEISURE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The tnjstees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial slalements and comply with the charity's Memorandum and Articles of Association, the Companies Acl 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). Objectives and activities The objects of the Charity are to provide sporting and recreational facilities for the residents of and visitors to Littleport and Ihe surrounding areas. The charity works with the local community to provide affordable qualily facilities to encourage health. welkbeing and enjoyment of sports, fitness and social activities as well as work with disadvantaged groups within the community- We strive to increase usage of all the sporting areas within the complex despite the strong compeliiion from local council and private sports tscilities. Public benefit Public benefit In shaping our objectives for the past year and planning our activities, the trustees have considered the Charity Commission's guidance on the operation of the public benefft requiremenl under the Charities Act 2011. The centre relies on grants and the income from fees to cover its operating costs. Affordability and access to our centre is importanl to us and is reflected in our pricing policy. Achievements and perfonnance Significant activities and achievements against objectives The Charity has had a good year and continues to increase the foottall of members and user groups to the centre.
LITTLEPORT LEISURE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Events The centre continues to provide regular weekty classes such as basketball. nelball, roller skaling, boolcamps, badminton, korfball, aerobics, Tae Kwan Do, football, thai boxing and pilates. Sports activities such as tsble tennis tables, badminton courts, pickleball and the muga pitches are available for hire. Children's Activities The centre also has various children's actyvilies such as sofl play. Football Fun Factory and School of Dance. A Christmas special Little City was hosted in Dember 2024. Inclusive Fitness The ntre continues to provide sports and recreational adivities for beginners, seniors and less able members with regular classes such as Fifty+Filness. MS Group, move to music. Posability. chair yoga, stretch and lone and beginners pilates. Park Run is still held every Saturday which draws in large numbers of competitors. Junior Gym There are several supervised junior gym sessions. These sessions are offered to those aged 12 to 15 and aim to improve fitness, encourage physical activity amongsl young people and reduce childhood obesity- Women only Gym The ntre offers regular sessions in a private gyrn area. In addiiion, there are also child friendty classes such as legs, bums & tums, body conditioning, upbeat and power hour designed for parents to work out while their children play. Social Media During the year the centre increased the number of Fabook followers. sin the year end, there has been significanl investment in marketing and upgrading systems. The centre also now uses Instagram which has seen a significanl increase in followers and reaches a new audience. Gym A number of promotions have been operated throughout the year to raise awareness and increase parbcipation. The centre offers membership that indudes use of the gym for £35 per month and a 31>day pass for £40. There is also a Pay As You Go option for the gym and classes. The centre is aware that many people in the community suffer with their mental health and it is proven that exercise can help. From September 2024, access to gym facilities were offered at a reduced cosl for those receiving Universal Credit. Prices are very competitive compared to other centres in the area. GP referral The centre works with the local GP surgery to provide a programme of prescribed gym and aerobic activities to encourage, educate and improve regular participation in physical activity in patienls who are at risk to the development of disease and disability- Evenls The club hosted various events such as the West Anglia scale model show, dog champions workshop, prize bingo, Chrislmas workshops and car boot sales. Fieldside Cafe Our cafe provides drinks and snacks to cenlre users. In addf(ion our rooms are available for meetings, weddings and party hire. The kiichen facilities can be used by outside caterers for events. We continue to have regular contact with East Cambs District Council sports and recreation officers for the benefft of the local inhabitants. The centre continues to fa uncertainty wf(h rising inflation and costs. sin the year end the centre has introduced free classes included in all monthty paying memberships to enable the community to exercise at an affordable rate.
LITTLEPORT LEISURE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review The Charity is showing a deficit of £30,384 (2024 - deficf( of £2.523.072). The previous year deficit was due to the revaluation of the buildings. In the current financial year there has been another significant increase in light and heat costs recharged from the Vista Academy trust. The centre is having on going discussions with the trust about how these costs have been calculated. ReseThes policy In previous years the level of reserves have been very low. The trustees made steps to address ths by selling some land owned by the charity in previous years which significantty boosled Ihe unrestricled funds balance. However the trustees are aware that future revenues are still unknown which makes it very drfficult to have a resetves policy. Free reserves That part of the charity's unrestricted income funds that is freety available to spend. The charity cannot quantify this amount. Restricted funds These are monies received from supporterslgrant funders for a spectfic area of expenditure. They are nol freely available to spend. Unrestricted funds These are available for use at the discretion of the trustees in fvrtherance of their charitable objectives. Major risks The trustees and management are able to control the activities of the charity by their day to day involvement in the operations of the charity and through a system of intemal controls designed to manage key risks, lo give reasonable assurance as to the accuracy of financial inforrnation and to safeguard the charrtls assets and reputation. Financial sustainability is the major financial risk for the charity- A key element in the managemenl of financial risk is a regular review of available liquid funds to settle debts as they fall due. Attention has also focused on non financial risks arising from health 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 working in Ihese operational areas. Plans for future periods Like many other sectors, public leisure and sport was hit hard by the impact of the pandemic. This has highlighted that Charities such as these are an invaluable communtty asset providing services lo support the mental and physical healih and wellbeing of the local residents and wider society- The charity reiVed £3,500 12024 - £20,023) in various grants from East Cambs District Council. Community Sports and Sport England. Structure. governance and management Littleport Leisure is a company limited by guarantee govemed by it's Memorandum and Articles of Association dated 19 December 2016. It is registered as a charity with the Charity Commission. Anyone over Ihe age of 16 can become a member. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of Ihe financial statements were= Mr D Ambrose Smith Mrs Jo Webber Mr B Paddington
LITTLEPORT LEISURE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Recruitment and appointment of trustees Appointments to vacancies on the Board arising afler the date of these Articles shall be decided by majority decision of the primary dass members, narne the trustee directors from time to time. A trustee director appointed or reappoinled by Ihe members shall be appointed for a four year lem in office. A trustee director may retire by giving written noti to the charity of at least four weeks prior to the due retirement date Iprovided that at least the minimum number of trustee directors will maIn in office when the resignalion is to lake effect), and such resignation has laken effect in accordance with its temis. No appointment or reappointment shall be pemiitted when the trustee director in question has held office for Iwo or more successive terms of four years unless the continuing trustee directors resolve that there are exceptional circumstances requiring the reappointment of the trustee director. In which case Ihe trustee director may be appointed for an unlimited number of further temis provided that each subsequent tem is approved al a meeling of the members. Newly appointed trustees are given sufficient training and instruction in order to enable them to complete their necessary duties. Qualifying third party indemnityprovisions The Company has made qualifying third-paty indemnity provisions for the benefft of ils directors which were made during the year and remain in force at the date of this report. Supplier payment policy The company's current policy conceming the payment of trade credilors is to follow the CBI'S Proryt Payers Code (copies are available from the CBI, Centre Point. 103 New Oxford Street. London WC1A 1DUI. The company's currenl policy conceming the payment of trade creditors is lo= settle the terms of payment with suppliers when agreeing the temis of each transaction., ensure thal suppliers are made aware of the tems of payment by inclusion of the relevant lerms in contracts., and pay in accordance with the company's contractual and other legal obligations. Trade creditors of the company at the year end were equivalent to 30 day's purchases, based on the average daily amount invoiced by suppliers during Ihe year. Small company provisions This report has been prepared taking advantage of the small companies. exemption of section 415A of the Companies Act 2006. Disclosure of infonnation to auditors Each of the Iruslees has confirmed thal there is no infomialion of which they are aware which is relevanl to the audit, but of which the auditor is unaware. They have further confimied that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such infomialion. The trustees, report was approved by the Board of Trustees. David AmL)rose Smitli (Jan 23, 20?.6 12..20..34 GMTI Mr D Ambrose Smith Trustee Date.. 2310112026
LITTLEPORT LEISURE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LirrLEPORT LEISURE I report to the trustees on my examination of the financial statements of Littleport Leisure (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity land also its directors for the purposes of company lawl, you are responsible for the preparation of the financial stalements in accordance with the requirements of the Companies Acl 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examinalion, l port in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)Ib} of the Charities Act 2011. Independent examinerfs ststement Since the charity's gross income exeded £250,000. the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confim that no matters have come to my attention in conneclion with the examination giving me cause to believe that in any material respect- accounling records were not kept in respect of the charity as required by section 386 of Ihe Companies Act 2006. the financial statemenls do not aord with those records., or the financial statements do not compty with the accounting requirement5 of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is nrrt a matter considered as parl of an independent examinalion.. or the financial statements have not been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no cOnmS and have come across no other matters in connection with the examination to which attention should be drawn in Ihis report in order to enable a proper understanding of the financial statemenls to be reached. Ensors First Floor Viclory House, Vision Park Chivers Way, Histon Cambridge C824 9ZR 2310112026 Dated..
LITTLEPORT LEISURE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donalions and legacies Charitable activities 363 332,034 3,500 3,863 332,034 867 298,861 20,023 20,890 298,861 Total income 332,397 3,500 335,897 299,728 20,023 319,751 Expenditure on: Charilable activities 345,095 21,186 366,281 308,856 2,533,967 2,842,823 Tolal expenditure 345,095 21,186 366,281 308,856 2,533,967 2,842,823 Net expenditure and movement in funds {12,6981 (17,686) (30,384) (9,128) {2,513,944) 12,523,072) Reconciliation of funds- Fund balances at 1 April 2024 210,743 2.511,947 2.722,690 219,871 5,025,891 5,245,762 Fund balances at 31 March 2025 198,045 2.494,261 2,692,306 210,743 2,511,947 2,722,690 The statement of financial activities includes all gains and losses recognised in the year. All incorne and expenditure derive from continuing activities.
LITTLEPORT LEISURE BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 10 2.529,566 2,542,756 Current assets Debtors Cash at bank and in hand 11 8.758 234.416 24,568 217,547 243,174 242,115 Creditors: amounts falling due within one year 12 (80,434) (62,1811 Net current assets 162,740 179,934 Tolal assets less current liabilities 2,692,306 2,722,690 The funds of the charity Restricted income fijnds Unrestricled funds 14 15 2,494,261 198,045 2,511,947 210,743 2.692,306 2,722,690 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 wilh respect lo accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of tts finanaal slatements for Ihe year in question in accordance with section 476. These financial statements have been prepared in accordan wth the provisions applicable to companies subject to the small companies regime. 2310112026 The financial statements were approved by the trustees on David AITibrose SiYiiLh (Jail 23, 2026 12..20..34 GI.1TI Mr D Ambrose Smith Truslee
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity infomiation Littleport Leisure {Limiled by Guarantee) is a private company limited by guarantee incorporated in England and Wales. The registered office is Camel Road. Littieport. Cambs. CB6 1 EW. 1.1 Basis of preparation The financial statements have been prepared in accordance with the charity's Memorandum and Articks, the Companies Acl 2006 and "Accounting and Reporting by Charities= Stalemenl of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe 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 UpdaÈ Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity- Monetary amounts in these financial stalements are rounded lo the nearest £. The finan31 statements have been prepared under the historical cost convention. The principal accounting policies adopled are sel out below. 1.2 Going Concern At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequale resources to conlinue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unreslricled funds are available for use at the discretion of the trustees in furtherance of their charitable objeclives. Restricted funds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds a sel out in the noles lo the financial statemenls. 1.4 Income Income from admission fees and use of facilities is recorded when receivable whenever the amount is known,. otherwise it is accounted for on a cash received basis. Income from donations and interest are induded when receivable by the charity- Local authority grants are recorded on an accruals basis to the extent that the value can be determined with some accuracy. 1.5 Expenditure Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Resources expended on charilable activities includes all costs of operation of the sports centre. Governance costs include audit. accountancy fees and other costs associated with statutory requirements and govemance ofthe Charity.
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.6 Tangible fixed assets Tangible fixed assets are initialty measured at cost and subsequentty measured at cost or valuation, net of depreaation and any impainnent losses. Depreciation is recognised so as to vrrite off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold land and building5 Sports equipment Fixtures and fittings over the lease terrn 20 % per annum straight line 33Yo per annum straight line 115Yo reducing balance The gain or loss arising on the disposal of an asset is detemiined as the difference beeen the sale proceeds and the carying value of the asset, and is recognised in the statemenl of financial activities. 1.7 Impaimient of fixed assets Al each reporting end date, the charity reviews the carying amounts of tls tsngible assels lo determine whether there is any indication that those assets have suffered an impaimient loss. If any such IndatIOn exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impaimenl loss (rf any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, olher 5hort-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Olher Financial Inslrumenls Issues. of FRS 102 to all of its financial inslrumenls. Financial instruments are recognised in the charity's balan sheet when the charity becomes paty to the contractual provisions of the instrument. Finan81 assels and liabilities are offset, wilh the net amounts presented in the financial stslements, when there is a legally enforceable right to set off the recognised arnounts and there is an intention to settle on a net basis or to realise the assel and setue the liability simultaneously. Basic financial assets Basic financial assels. which indude debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequentty Caled at amortised cost using the effective inlerest method unless the arrangement conslitules a financing transaction, where Ihe transaction is measured at the present value of the fijture receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initialty recognised at transaction price unless the arrangement constilutes a financing transaction, where the debt instrument is measured at the presenl value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instnjments are subsequentty carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operalions from suppliers. Amounts payable are classified as current liabilities rf payment is due within one year or les5. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequentty measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabiltties are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entittement is recognised in the period in which the employee's services are received. Termination benefils are recognised immediately as an expense when the charity is demonstrably committed to tenninate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparenl from olher sources. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimates are recognised in the period in which the estimate is revised where Ihe revision affecls cfftly thal period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts Grants 363 363 3,500 867 867 20,023 3,500 20,023 363 3,500 3,863 867 20,023 20,890 10-
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies (Continued) Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Grants Other 3,500 3,500 20,023 20,023 3,500 3,500 20,023 20,023 Charitable activities Charitable Charitable activities activities 2025 2024 Centre activities Interest received 330,385 1,649 297,129 1,732 332,034 298,861 11
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted 2025 funds funds 2024 2024 Total 2024 staff costs Depreciation and impairment Administralive expenses Advertising and staff welfare 102,152 102,152 87,904 87,904 40.709 196.501 21.186 60,200 198,196 21,582 2,533,967 2,543,671 188,354 200,232 488 109 109 339.850 21.186 361,036 297,949 2.533,967 2,831,916 Share of support costs (see note I 5.245 5,245 10,907 10,907 345.095 21.186 366,281 308,856 2,533,967 2,842,823 Analysis by fund Unrestricted funds Restricted funds 345,095 345,095 21,186 308,856 308,856 2,533,967 2,533,967 21.186 345.095 21.186 366,281 308,856 2,533,967 2,842,823 Accountancy fees 2025 2024 Non4udit services Audit-relaled assurance seNices All other non-audit ServIS 4,000 1.245 5,000 5,907 Total non-audit fees 5.245 10,907 Trustees None of the trustees (or any persons connected with them) reiVed any remuneration or benefits from the charity during the year. There is insurance cover ft)r the Irustees against liability arising from their office. The premium paid is included within the premium for public liability cover. 12-
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees The average monthly number of employees during the yearwas.. 2025 Number 2024 Number Sports and recreation Administration and management Reception Total Employment costs 2025 2024 Wages and salaries Other pension costs 100,505 1,647 86,485 1,419 102,152 87,904 The charity trustees were neither paid nor received any other benefits from employment with Ihe cFkqrity in the year12024 - £nill neither were they reimbursed expenses during the year (2024 - £nil}. There were no related party transactions with charity trustees during the year (2024 £nil). neither did any charity trustee receive payment for professional or other services supplied to the charity (2024 - £nil). There were no employees whose annual remuneration was more than £60,000. Taxation The charity is exempt from tsxation on its activtlies because all its income is applied for charitable purposes. 13-
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Tangible fixed assets Leasehold land and buildings Sports Fixtures and equipment ffttings Totsl Cost or valuation At 1 April 2024 Additions 2,500,000 95,821 20,200 61,096 2,656,917 912 21,112 At 31 March 2025 2.500,000 116,021 62,008 2,678,029 Depreciation and impaimient At 1 April 2024 Deprecialion charged in the year 76,704 9,431 37,458 3,684 114,162 34,301 21,186 Al 31 March 2025 21,186 86,135 41,142 148,463 Carrying amount At 31 March 2025 2,478,814 29,886 20,866 2,529,566 At 31 March 2024 2.500,000 19,117 23,639 2,542,756 Land and buildings were revalued at 31 March 2024 to the eslimated fair value of £2,500,000 by Ihe Iruslees. At 31 March 2025, had the revalued assets been carried at historic cost less accumulated depreciation and accumulaled impairment losses. their carrying amount would have been approximately £4,949.729 (2024 £4,991.848). 11 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Prepayments and accrued income 8.422 336 20,051 4,517 8,758 24,568 12 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors (Xher creditors Accruals and deferred income 6,149 69.285 6,538 48,723 1,920 5,000 5.000 80.434 62,181 14-
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Retirement benefit schemes 2025 2024 Defined contribution schemes Charge to profit or loss in resped of defined contribution schemes 1,647 1,419 The charity operates a defined conlribulion pension scheme for all qualitying employees. The assels of the scheme are held separately frorn those of the charity in an independentty administered fund. At the balance sheel dale £268 (2024 - £270) of pension contributions were outstsnding. 14 Restricted funds The restricted funds of the charity comprise the unexpended balan$ of donalions and granls held on trust subject to specrfic conditions by donors as to how they may be used. At 1 April 2024 Incoming resources Resources At 31 March expended 2025 2,511,947 3,500 {21,1861 2,494,261 Previous year: At 1 April 2023 Incorning resources Resources At 31 March expended 2024 5.025.891 20,023 {2,533,9671 2,511,947 The restricled fund has arisen as a result of the land and buildings donated by Cambridge County Council and the Parish Council which will be transferred back in the event of the winding up of the charity. The lease term is 125 years. The balance represents the net book value of the donated land and buildings. 15 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subjecl to spectfic conditions by donors and grantors as lo how Ihey may be used. These include designated funds which have been set aside out of unrestricted fijnds by the trustees for specific purposes. At 1 April 2024 Incorning resources Resources At 31 March expended 2025 General funds 210.743 332,397 (345.0951 198,045 Previous year: At 1 April 2023 Incorning resources Resources At 31 March expended 2024 General funds 219,871 299,728 1308,8561 210,743 15-
LITTLEPORT LEISURE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Analysis of net assets between funds Unrestricted Restricted funds funds 2025 2025 Total Unrestricted funds 2024 Restricted funds 2024 Total 2025 2024 Fund balances at 31 March 2025 are represented by.. Tangible assets Current assetsllliabililies} 2.529,566 162,740 2.529.566 162,740 30.809 179,934 2.511,947 2,542,756 179,934 2,692,306 2,692,306 210,743 2,511,947 2,722,690 17 Control The charity is controlled by the board of trustees. 16-