Charty registration number 1149297 (England and Wales) Company reglstratlon number 07713846 BISON IN THE COMMUNITY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
BISON IN THE COMMUNITY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustées Mr Timothy Fife Mr Darren Green Mr Matthew Burman Lloyd Mr D McDeimott Mr Heslh Rhodes Charity nurnber IEngl8nd and Wales) 1149297 Company number 0Th13846 Principal address Muckley Corner House Walsall Road Muckley Corner Lichfield Slaffordshire WS14 OBG Registered offlc8 Muckjey Comer House Wals811 Road Muckley Corner Lichfiéld Slaffordshire WS14 08G Auditor Kinnaird Hill Biunel House 1 Archers Court Huntingdon cambrgeshlre PE29 8XG Bank8r5 Handelsbanken Lakeside Festival Way ST15RY Solicitors IAtrigley5 3rd Floor 3 Wellington Pla Leeds Wesl Yorkshire LS14AP
BISON IN THE COMMUNifi LIMITED CONTENTS Page Tiuslees report Ind&pendenl auditorfs rewt 9~11 ststement of financael activi$ 12 Balan sheet 13 Slaternent of cash flows 14 Notes to the ffnancTal statements 15-27
BISON IN THE COMMUNITY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The InJslees who are also dir8clors ol the charitable company for the purposes of the Cornpanies Act 2006. present their annual report with the financ¥al slalefflenls ol the chBritable company lor the period ended 31 December 2024. The financial statement5 have been prepared in accordance with the accoLJnting policies set out in riote 1 to the financi81 staternenls and comply wth the charity's governino document, the Cornp8nies Act 2006. FRS 102 "The Financial Reportlng Slandard applicable in tho UK and Republic of Ireland" and the Charities SORP AccDunling and Reporting by Charities. Slalemenl of Recommended Practice applicable lo charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. lettects've 1 January 2Ql 91. The Charity is a Public Benefit Enlily as defined by FRS102. Objèctlves and activities Our charity's purposes as sel out in ltte objects mntained in the company's memorandum of a5so¢iallon are to.. For the benefit ol the public in England and Wales.. l The preserwation and yolection of good health and the promotion of community participation in healthy recreation thrgh sport and physical fitness. 21 To advance in life and relieve needs ol young people through. lal The provision ol recrealiofjal and leisure lirne aclivilies provided in the interest of soaal welfare, designed to improve Iheir conditions of life", Ibl Providing support and activities which develop their skills, cap3cili&s and capabilities lo enable them lo parb'cipale in sooely as rnature and responsible individuals. 31 To relieve the n¢eds of people wtth disabilities as the trustees shall delemine. 41 Such charitable purposes for the public benefit as are exclusively charitable accordlng b the laws of England and Wales as the trustees may frorn lime lo time detenrine All business decisions are made having gNen reference lo the objects ol the charity. Ensuring our work delivers our Zirns We review our aims, objectives and activities each year. The review1ooks al the success of each key activity and the benefits they have brought lo those groups ol people we are sel up Its help. The review also helps us ensure o 2irns, objectives and 8Ctivilies rernained focused on our slated purposes. We have referred lo the guidance contained In the Cherity Cornmission's general guidance on public benefit when remewng our aims and objectives and in planning our lulure aclivilies. In particulai, the trustees consider how planned activities will contribute to the aims and objeckn'ves they have set. The focus of our work Our main objectives for the year are the promotion and Fyovison of health, educational. reeatiOnal and sporting acliwties. The strategies we used lo meet these objecllves included.. Providing a range of education81 programmes aimed at peop 01211 ages, genders, elhrHcity, sexuality or ability- Focusing upon providing pathways from our educational prograrnmes into regular partiupalion in activities that promote good health. social Inler8¢llon 8nd personal development Provide employrnenl opportunities for young people in the cornmunities we work In. There is evidence of young people developing careers, Includlng becoming part ol the senior managernenl team. Continue lo focus on reducing energy usage across our lacililies lo Ilrnil Ihe impact on the environmenl. stral8glc report The description under the headings Achievements and performance" and 'Finanaal rev, meet the cornpany I3W requiremen15 lor the Iruslees lo present a strategic report.
BISON IN THE COMMUNITY LIMITED TRUSTEES REPORT {INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlev$rnents and perforniance Our main 8ctlvith.es and who we engage with are described below. All our charitable 8Ctiwlies fcrus on the provision of18i5ure, health. sports and educational a¢tivillos and are undertaken to further our charitable purposes f¢x Ihe public benefit taking Into consideration the Charilbes Commission's guid8nce on public benefit. Education81 Programmes.. deliver a slgnrficant number of e(kncalional programrnes, malnty lo¢used ¢m leaching people ta learn lo skate. We have sean an incrèase the number of people tak5ng part In our educational programmes Social Interaction,, As well as providing the opportunity for p8ople to Ice skate we also ensure Ihal th8 local communities suound1ng the ICÈ rinks are givet) the opportunity lo interact socially. This occurs through programmes such as SOCTal Ic8 dance, where paople can Skate and have a beverage together, and QUT pengLMn clubs which provide the opportunity for young parents and their pre4school children lo inleracl. We also provide regular sessions for h¢)me 8chooled children, and their familieslcarers io engage wlh each other and lo partiapale in a physical activity. Community Sport.. Ihere is a slgniffcanl amount of lime made available lor community duès to deliver sport5 activities such as junior ice hockey clubs, synchronised skallng, and figure skatlng clubs. We also ensure that aspiring figure sk2lers can pracllce and develop their skills sn closed sessons. The facilities are, on average. in use 16- 18 hol8 per day and the usage br&8ks down approxlmately as follows.. Educational programmes- 38% (includes lessons and coaching sessions) Cornmunlty sport- 32QA (includes teams and dubs undertakiw activities) Soa81 Interactn- 29% {Include3 pubfic Skating, social events targeted 813perific groups) Who used and beneffted from our services? The members confirm th81 they have complied th the duty In Sectlon 4 of the charleS Act 2006 to have r8gard lo the Charity Commission'8 general guidance on public benefit and have used this irrformation when devising our alms 8nd objecllves and planning future a¢livilles. The Charity is committed lo providing affordable leisure and recreational programmes for the comrnunities il works th and will achieve this by robust management, allowng prices lo be kept affordable, and by reinvesllro In new and existing activities. The Charity recognises that lo successfully deliver its oble¢lives11 mu31 also provlde a hig quallty experlence for each and every sÈrvi¢e vser. The monitoring ol this is athieved using monthly independent mystery visits supported by a robusL transparent user engagement programrne. The Charity works with a range ol other charities and COMMlty gro$ lo extend its impact and benefit lo the wder communty. Bison in the Community strives lor equlty of aCsS and works with local authority partners in dellvering Council led initiatives al our nITe$. We undertake proactive research into grant funding to sUPPOrt the provision of aclivities for disaévanlaged groups 8t)d provide free educational prograrnmes. As a charty wo work wlh Ic1 disability groups acros3 our operatt'ng area to run scliwlies and sessions lor vark?us ages and ability levels as well as provldbng educallonal programmes almed spedfically al those Vlilh a disability. In order to support our local communities, we work with the varhyjs National Governing Bodies of sport to encourage people lo either start. or return lo. sports partiapation aTrJ we run open days offering free or very low- cost activities. Additionally. we work wlh local charities assisting Ihern wlh ftjnd raising and making facilities available for their use.
BISON IN THE COMMUNITY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Our 'Skaling Star5. programme has now becorne well established 3nd provides fvee leam lo skate courses. In addition, we have regular skating cornpelilions whKh enable skaters of all levels lo lesl thems81v8s against other skaters 3nd which are fully Inclusive. We hgve worked vAth English Ice Hockey clubs lo actively increase the number of fernale skaters and have seen several new leTnale I hockey learns emerge as a result. This prograrnrne has proven very SLSccessful and has seen 12 young females join the women's ice hockey team. We have increased the nurnber of emFAoyees from 232 to over 250 in the past year. We proactively ernploy young people from the local area and often we are Ihe young person's first employment opportunity. We provide transferable skills and experierKe within the wkplace as well as providing opportunities la gain qualific31ions. In 2023 we introduced a feedback programrne lo under51arO the nséds of those attending social interaction pfogrammes in order lo evolve the programmes we provide. From this feedback we h8ve identified Ihe following.. 21°k of people are attending the facility for the first lime th 35% attending at least once a we&k 430/0 attended the facility wlh friends The main reason people visit the facility 18 because they enjoy il170%1. to irnprove their abillties131QAI and lo meet olhei people121%1 47 % of people visiting the facility live less than 10 miles away and 73% of every attending travel by car. 61¢A ol people atténding the facility identify as fern8le In order lo ensure that we rneel the needs of the people who use our services we proactively colled feedback a rnonilor social rnedia. There are also details on the website on how lo make a complaint. As 8 charity we airn lo ensure that our facilities offer value lor money and NebIlity lo the local community. On this basis we offer longer sessions at our facilities, typically bebween 3 and 5 hcAJr5, than comparatAe facilih'es who Iypic311y offer sessions betrNeen 1 10 2 hour5. This means that whilst the cost maybe higher, when compared lo the sirnilar facilities, it means that there are less restrictions tsn the times available and Ihal users benefit fiom longer sessions, thereby resulting in a lower cost when cornparing the price on a per hour basis. This has the 3dditnal benefit of woviding flexibility. Something feedback shows is very important to the local community. Vlhere possible we work with local prOveT5 to facilitate healthy holiday acliwlies, which enable thè local community to attend for free durlng the school holidays lo participate in educational programmes, re1ve a meal and have an actyvity lo do through the day. We also offer a similar progr2rnrne, at an appropriate price, lor individuals who are not eligible for funded healthy holiday aclfvitfes. There is 8 recognition of the benefit of an inclusive 2nd diverse workforce that does not exclude disabled people. We are committed lo ensuring that we get the right people who r&presenl the local community and add value to the activities that we offer. We aim lo provid8 an inclusive and accessible recruilmenl process snd make reasonable adjuslmenls so that all job applicants have the best wportunity to demonstrate that they can be successful il they are employed. If employees become disabled during their employrnent, we will provide appropriate training and rn8ke fftasonable adjustments lo ensure their employment continues. All staff, induding those wlh a disability, have equal access to training, career development and promotion opportunitr'es. We have invested in the Cilallon syslem which provides online training which supplements the training we provide al a f8cS1ity level. We h8ve progr8mmes in place to Pfovide discounted educational prograrnmes alld a¢livilies to schools and local community groups, In addition, we provide dedicated lessons to children being educated al home, thereby allowing them lo have access 10 8 physical ad1vity, learn a new school and inleracl with their peers.
BISON IN THE COMMUNITY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Our memberships offer members the opportunity lo reeeive dlscounls on the actltIeS and programmes we provide. and these discounts increase during th8 schwl holiday lo reduce the cost of participating, thereby r8cogni5in9 that many In our communities are being impacted by the cosl.ol-living cri3i8. Flnancl31 revlew The executiv8 management team prepare the annual operational budget for the charity, and this is approved by the board piior lo the commencement of the financial year. The board of managèm£nl reG8ive quarterfy reports on the financial performance of the charity. The88 18PQrts include an IncDme and expenditure slalemenl and balance sheet, both compared lo budget and last year for the month and year lo dale. A settlement was reached regarding the use of intellectual propety IIP}, vAth the cha¥ity payng a on&off sum of £175.000 for the historic use of IP. The is a recognitlon that there Is value In using the brand name, Planet ke, and there would be significsnl costs assaoaled with a rebrand such as having lo purchase and build new systems. Due lo the short-lerni nature of the licerKes LEhveen the charity and linsor. histOrallY the licence fees were reflected a pass through of the costs incurred by the licensor plus an additional charge for adminislmlion and equiprnenl. However, this charge did not reflect the fit-out costs. as the buildings were originally provided lo the licensor as a shell. In order lo provide the licensor with flexibility to sell the buildings, for any use. as part of review of the agreement befvgeen the charity and the Ilcensor it has been agreed that an additional charge is appropriate. The addStSonal arncAJnt paid for IP charge Ihls ye8r was £1.36m. Mfftllst the short-lerm licences remain in place it has been agreed that this charge should be incorporated within the charge made lor IP, which is set al a similar lével to wh81 the licensor could Teallse If a franchlse agreement was in place and calculated using a slmilar mechanlsm. All funds are generated Ihiough receipts frorn customers. from grants or trom funding provided by our local authority partners. The majority of funds are spent on enabling partiapation in activities that meet the charities objectives. Expenditur8 of Ihe8e fund3 3UPPOrt3 the key comrnunlty oblectlves of Ihg charity and the contlnued invÈslmenl In Improved seNces znd facilities for Ihe community. Due to the shutdowns (sused by COVID deteriorats'on h8s occurred that is outside the normal level of wear and lear Ihal ¢ould be expected. Coming out of COVID Ihe charity focused on operational malntenance and did not undertake investment lo ensure that the facilities were maintained lo keep them lo the standard that they were in when they look occupatt'on. As a result. a request has been made for the charity lo make reparation, and Ihl81s currently under discus&on. There are cash reserves of £4.2m, which have been sel aside lo a dilapidalionsl maintenance fijnd within the unrestricted reserves to cover the expeded reparation costs.. Discussions are ongoing regarding the repaiation charge lo b8 made with a to agreeing a onff payment whlch would cover each site and would 8lso ensure that the charity 11 not Incur future costs 50 long os they fulfil their requirements lo maint8in the facilities. 11 shotjld be noted Ihat when the charth'es began Lperating the f8alibes il was anlicipaled that they would onty be in occupatlon for a short perlod of Ilme, however this has provén not lo bé thé e8se.11 is recognlsed that if tha Ilcensor chose lo sell the properties. which would attract significant interest, &$ they could be ulilised for other purposes as they are effectively warehouses, it would have a significant impact on the health. leisure and recreation activities lor Ihelr local commutNlies as well as being detrimental to the sports of ice skatlThJ and ice hctkey. As a result. the charities are curTentSy exploring opts'ons for a long-lerm agreement. Total exFendilure in 2024 was £11.864,550, having been £10.611,217 In 2023. This represents an increase of 9.gQk. This Compares lo income which decreased from £12,187,840 in 2023 10 £11,738,085 in 2024.
BISON IN THE COMMUNITY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Reserves pollcy 11 is the policy ol the charity th81 unrestricted funds which have not been designated for a 5pedfie Ljse should be rngintained at a level equivalent to Nvo lo three rnonlhs, expenditure. The Trustees consider that ieseNes at this level wll ensure that, in the event of a significant drop In funding, they will be able lo continue the charit¢s current activities while consideration is given to ways in which additional funds rnay be raised. In 2022, the charity generated a surplus in anlicipalion of contracts under negoliath?n and lo address invoices lor the provision of services provided by a utility company that was Ljnder dispute. This surplus significan15y increased in 2023 and al the end ot 2024 the charty he £5,743,943 in reserves," howevef, it is anticipated a significant payrnenl lor rep8ralion costs will be [lI1[ed. It is currently not possible lo predicl an amount,. however. an estirnaled allocation is currently being made for 8 Cost of £600,000 per facility, and therefore lunds amounting lo £4.2m have been transferred lo a designated fund for dilapidations and rna1ntenan. The reserves policy Is CUTrenlly under review. It is anticipated that Ihe general resetves will be further SIrtred a5 follows.. ConlinLJIty Fund This fund is lo be used to bridge any possible de12ys in income, circumstances that result in income declining significantly le.g. COVIDI or managing payment In arrears contracts. This has been defined as a minimurn af a three month's budgeted Irading 8clivity. Restructuring Fund This fund is lo be used to cover essential Iradinglaclivits'es whilst sourung income lo a maximum of 8 months budgeted trading activity. Cyclic81 Maintenance Fund This fund is to be used for major items ol maintenance of the fabric of the buildings such as redecofating the interior. Dissolulron Fund This fund provides for the costs of dissdullon should the eharity be unable to continue. 11 Is only lo be used in Ihe event ol the Tiuslees. deciding the charity should cease lo exist. 11 will be used lo pay notice periods. redundancies 2nd the expenses of running the facilities until closure ol tre organisation. Contested Payments Fund This fund Is to be used lo cover costs ol expenditijre which are under dispute, lor exaTllple historic electricity bills, outstanding brand licence payments etc. Plans for future periods We slrnje to continue lo deliver high quality cOmmLty programmes and lo develop 8nd expènd tyJr programmes Into new communlties. Development of new facilities is 8150 8n on-going focus - identifying new opwrtunilie5 that meet the needs of the cotnmunity and fulfil our charitable objectives. To address the seasonal econornic variations, we intend lo Iwk lo expand our provision into nOn-ter sports activities, There is also a desire to explore opportunities lor inveslrnenl. Currently a lol of the charitie5 beneftciaries travel lo attend using a car. This is not Ihe most environmentally sympalhelic mode ol transport and so il is importanl lo explore way lo encourage other forms ol transport lo be used. It is hoped lo secure lunding an(Vor sponsorship to provide free or highly subsldi5ed aclivib'es. Structure. governance and management The charitable cowpany is conliolled by ils governing document, and Gonslilules a limited company, limited by guarantee, as defined by the Cornpanies Act 2006.
BISON IN THE COMMUNITY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees, who ale also the diiectors for th6 purposè of company law, and who served during the year and up lo the dale ol signature of the finand81 statements were". hAr Timothy Fife Mr Darren Green Mr Matthew Burman Lloyd Mr D McDermott Mr Heath Rhodes Recrultment and appointment of new Trustees In exercising ils powers lo nominate, appoint, re-appoint.. elect. re-elect. approve and dismlss rnetnbers. the members shall seek lo ensure that the board is representative of the local community and comprises persons with broad range of skills who are likely to contribute ta the organisalien's success. Board members Inductlon and trdlnlng All new members joining the è08rd receive a full induction that is aimed al training them in their stslutory responslbllllles under chadty and company w. The Inductlon will normally Indude.. Meeting with the Chairman of the Board Tour of all facilities and an opportunity lo meet staff Access lo safeguarding training Receive copies of the Charity's rules Receive copies of slialegy and business F4aMing documents Receive copies of corporate policies and docurnents Recelv$ an organisatn81 slnjcturè and overviwm of the managern@nl process Organisational structure The charity is overseen by a board wNch sets the pol1c5 and procedures to be used by the facllllles. Btirtol tsIUn#h•rn H*mpot4 MIiIODKtyMa P•tsrkntough Th¢re Is no Chlef Execulnie or Company Secretary as both roles are redundant based on the structure used. The responsibilities of those roles are shared and included in the responsibilities ol the trustees. Each facility has a General Manager employed by the charity. Staff are diredly employed by the charity. wlh line rnanagement being provided by the facilities General Manag8r. Gener81 Manager5 are expected lo make decisions in Ilne with the policy and procedures approved by the board. Policy and procedures are approved 81 board level. where appropriate. The chadty contracts with Pl (Lichfieldl Limlled for the provision of managernenl setViCeS with the remit of ensurin9 that the facilits'es operate using the policies and procedures approved by the board. The Trustees are employed by P.1. (Lichfieldl Limited. Thi5 approach provides consistency across all falitieS as t provldes several bellefits to the charity as it enables a locus on core acllvllles, Irllprove th6 quallty of seNi¢e whilst reducing life-cycle costs. It 8150 ella£5 access to category expert5, wlh up-to-dale market know48dge and potentially new and innovative ways of delivertng a particular service. There is no slandard approach lo rernuneration, as the facilities operate in different areas. offef different faclilles and ar8 sized differently.
BISON IN THE COMMUNITY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Engagement with Employees The trustees sre aware that 8s the charity has grown il is important lo recognise the importance that they play in the delivery of our services 8nd the irnpacl that they have on the local community. During the next financial year, we will be exploring ways lo ensure that staff are provided syslemalically with inloimalion on employee matters including achieving a common awareness on the part of all ernployees of the financial and economlc factors aff¢cling the performance of the company. We will also seek lo introduce a formal rnechanism to consult with staff on a regular b85is so that their views can be taken into account in making decisions which affect their Interest. There is a recognition that supporting and developit staff starts as scon as they acTrpl an offer of employment, and as a result Iheie has been significant work done to refine the induction process. In order lo ensure that the trustees engage with ernployees and develop an unders13nding of the challenges they lace, they regularly undertake vislls lo the lacililies as well as attending meetings and staff aclivitres. There is an annual conference for Ihe faalily rnafiagers, which includes a social event and evening me81, Also, an annual appra31 process Is in place. Risk Management The rnembers of the Board have a duty to identify and review the iisk5 to which tre charity Is exposed and to ensure appropriate controls are in place lo prowde r&asonable assurance against fraud and error, The Board members confirtn that the major risks lo the charity have been rewewed a1 that syslems or procedures have been established lo rnanage Ihose risks. Risks are assessed using 8 risk rnatrix and controls entIfIed lo miligale each risk. A score is 11)en generated for risks which consider3 It* risk pre and post control. The three most significant risks are as follows.. Increase in the cost of ulililies 2. Reserve management 3. A drop of faality usage Risks are managed as appropriate, lor instance utility use is monitored on a weekly b8sis and the charity has Invested in a real time electricity us& moniloiing system. Conflicts of Interest The charity has a Conflict of Interests Policy and Manag any potential conflicts in line with that pollcy.
BISON IN THE COMMUNITY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Relationshlp between the Charlty and rplated partles The Charity has 8 licence granted by P5 Property ILeisurel Limited lo operate Planet Ice Arena Basin9Stoke (also known as 88slngsloke ITr Rink), Pl8r)et Ice Bristol, Planet Ice Milton Keynes. Plan8t Ice Pelerborough, Planet Ice Hemel Hempstead 2nd Planet Ice Arena Gosport (also known as Gosport Ice Rink). Currently Basingstoke Ice Rink Is undergoing a significant redeveloprnent funded by Pl Property ILeisurel Lirniled. The Charity has a licence granted by Sllver Blades IGillingharnl Limited lo operate Gillingham Ice Rink. The Charity operates the rinks under the brand name Planet Ice. The Charity Is affiliated as requiied to the NafjDna Goveming Bodies for the spotts it prowd8s. It utilises the leam lo skal8 programmes branded Skate Exc811ence and Hockey Excellence, which is g programrne developed by KCO Inline Ice Skating Limited and which provides qualifications which 3r8 recognlsed by City and G¢Jilds. H. Rhodes is a dlreclor of KCO Inline Skatlng Llrniled bul does not receNe any remuneration frorn that company. An annual brand licencing agreement is In place to allijw the charities lo use the intellectual propety'Planel Ice.. The charity uses the services of Pl {ChrIdI Llrniled to Provide Head Office seNices lo the charibes and Ice Media Production Company Llmited lo provlde ICT management services. H. Rhodes and D. Green are employed by P.1. Lichfield. H. Rhodes Is a Director of Ice Media Productions but does not receive any remuneTalion from that company. Bison1n the Community Limited and StaffordshSr¢ Wnler Sports Club Limited are CorIdered linked as they share the $8me director3. stotement of trustees r8sponsrbllitles The Iruslees (who are also the dSreclors of Bi80n In the Communlty knmiled for the purposes of company lawl are responsible for preparing the Report of the Trustees and the f1nan¢ial statements in accordanc8 with applicable bw and United Kingdom Accounting Standards (United Kingdom Generally Accppted Accounting Praclicel. Company law requires the Iruslees lo prepare financial statements lor each finanaal year which give a true and lair view of the state of affairs of the charitable company and of the incoming resour$ and application ol resour$. Including the income and expenditure, of the chartable company for that period. In preparing those financial stalemenls, the trustees are required lo select suitable accounting policies and then apply them ciknsislently-, ObSee the melhods and princlples In the Charity SORP 2019 IFRS1021', make judgements and esliTnales that are reasonable and prudent., prepare the financial statements on the going concern basis unless il is inapprormiale lo presume th81 the charllable company will continue In buslness. The Iruslees are responsible for keeping proper accounting records which disdose with reasonable accuracy al any time the finandal position of the chaiitable company and to enable them to ensuie that the flnan¢lal statements comply with th8 Companies Act 2006, They are also responsible for safeguarding the assets of Ihe charitable cornpany and hence for taking reasonable steps for the prevention and deleclon of fraud and other irregularities. Dlsclosure of Infomiatjon to audltor So far as the trustees are aware, there Is no relevant Informaln las defined by Section 418 of the Companies Act 20061 of which the chaiitable company's auditors are unaware, and each tnJslee has taken all the 5tep5 Ihal they ought lo have taken as a trustee In order lo make them aware ol any audit Inforrnalion and lo establish that tha charitable companys auditors are aware of Ihal Infomalkjn. The trustees report. indudlng the slraleglc report, was approved by the Board of Trustees. Mr Darren Green Trustee Dale,.
BISON IN THE COMMUNITY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BISON IN THE COMMUNITY LIMITED Opinlon We have audited the finanaal statements of Bison in the Community Limited (the 'charity'l lor the yesr ended 31 Decetnber 2024 which comprise the statement ol financial activities, the balance sheet, the statement of cash tk)ws and notes lo the finanGial slalefflents. including significant accounting policies. The financial reporting Irarnework that has been applied in their prep8r2lion is applicable law and United Kingdorn Accounting Standards, including Financial Reporting Standard 102 The Finenci81 Reporting Slandard applicable in Ihe UK 8RJd Republ ol Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion. the financial 8talemenls'. give a true and 131r vlew of the s12te of the charitable cornpeny's affair5 as 8131 De¢ember 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements of the Companies Act 2QO6. gasls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKI) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of Ihe financi81 sEBtefftenfrs section of our report. We are independent of the charity in accordance with the ethical requirétn8nts that are relevant lo our audit of the financial statements in the UK, Including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained 15 suffiuent 8nd apOpriate to provide a basts for our opinion. Conclu51ons relating to going concern In auditing the financi31 staternent5, we have concluded that the trustees use of the goiro concern basis of accounting in the prep8rallon of the financial statements is appropriate. Based on the WOTk we have performed, we have not identified any material uncert8in1185 relating lo events or conditions that, indiwdua11y or cdlectively. may ¢ssl signifant doubt on the charity's ability to continue as a going concern for a period o13l least bmelve months from when the financial staternents are authorised lor issue. Oui responslbilities and the re5ponsibili15es ol the Iruslees with respect lo going concern ale described in th8 relevant sections of this report. other inforTnatlon The other inlormallon comprtses the informats'on induded in the annu41 r8PQrt other than the financial stslemenls and our audilols report Ihereon. The trustees ale responsible for the other information contained within the annual report. Our opinion on the financial slalemenls does not cover the other information and, except lo the extent otheDAfise explicitly stated in our report. we do not express afjy form of assurance conclusion Ihereon. Our responsibility is lo read the other Infoirnation and, in doing so, con&der whelhef the other information is maleri8lly inconsistent with the finawi31 statements or our knowledge obtained in the course ol the audit. or olhewise appears to be materially misslaled. If we identify such material Inconsistencies or apparent rnalerial rniss131etnerils, we are ieouired lo determine whether this givps rise lo a m21eri21 misstatement in the financial statements themselves. If, b8sed on the work we have pertormed, we corLILkJe that there is 8 material mi5518temenl of this other inforrnatlon, we are requifed lo report that fact. We have rx)thing to report in this regard. Opinions on other mattprs Prescribed by the Companies Acl 2006 In our opinion, b3sed on the work undertaken in the course of our audit.. the information given in the Iruslees report for Ihe financial year lor which the financial slalemen13 are prepared, which indudes the directors, report and the strategic report prepared for the purposes ol company law, is consistent wth the financlal slalemen15,' and the strategic report and the directors, report Induded within the Iruslees rewt have been prepafed in accordance with #ppli¢able legal requirements,
BISON IN THE COMMUNITY LIMITED INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF BISON IN THE COMMUNITY LIMITED Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and understanding of the charity and its environrnenl obl3ln8d in the course ol the audit, we have not identified malerial misslatemenls in the strategic report or the directors. rewrt induded within the Iruslees rep. We hève nolhlng lo report in respect ol the followng matters in rel¥llon lo which the Companies Act 20C6 requlres us lo report lo you il, in our opinion.. adequate accounting records have Mt been kept, or returns adequAlt for our audit have not been received from branches not visited by us., or Ihe financial slalemen15 ar8 not in agr88ment vAth the accrxjnting record8 and relums., or cert8in dI8closures of Iruslees, remuneration specified by18w are not made.. or we have not r8cewed all the information and expL2nations we require for our audit Responsibilities of trustees As explained more fully in the staternent of trustees resp)nsibilities, the Injstees. are 2180 the directors of the charity for the purpose ol CDmp8ny law, are responsible for the preparation of the finanual stalernents and for befng 5ali8fied that they give a true and fair view, and for such Intern81 u)ntrol as the trustees determine 18 necessary lo enable the preparation of financial statements that are free from materi81 mi55tatement, whether due to fraud or error. In preparing the finanaal slalernents. the Iruslees are re$ponslblÉ lor 2ssesslng the charitls ablity lo continue as a going concern, disch)sing, as applicable, matters related trj golng concarn and using the gcrfng concern basis of acctsJnling unless the Ifustees either intend to Ilquidale the charitable company to cease operations, or have no re81istic alternative bul to do so. Auditorfs responsibÉllties for the audit of the financlal statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material Tnisstatement, whether due to fraud or error. and to issue an auditor's report that includes Ir opinion. Reason2ble assurance is a high leval of assurance but not a guarantee that an audit conducted in accordance wth ISAS IUKI wlll aayS deted a Material rnisstalement when it exists. Misstalemenls can aris8 from fraud or error aThS are considered material If, Indlvidually or In the aggregate, they could reasonably be expected to influencè the economic decisions of usefs taken on the basi5 of these financial statements. The extent 1¢ whlch our procedures are capable of deleding Irregularit$. Induding fraud, Ss detailed bek)w. IdentttySng and assesslng risks related to Irregulorltles We assessed Ihe su8cepth'bility of the ch8rity's financi81 statements to material misslalemenl and htjw Iraud mlghl o¢cur, including through discusOn8 with the Trustee, dlscusslons thIn our audit team planning rneeling, updating our records of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunilles for fr8udulenl manipulation of the financial statements. We identified laws and regulations that are of significance In the context of the charlty by dlscus&ons wlth Ihe Trustee and updating our underst8nding of the sector in which the charity operates. Laws and regulatlons of direct Significan in the context of the charity include the ChariliesAct 2011. 10-
BISON IN THE COMMUNITY LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF BISON IN THE COMMUNITY LIMITED Audit response to risks Identified We considered the extent ol complian¢È wlh these 18ws and regulations as part of our audit procedures on the related financial statement items including a review of finanaal 51aternent disclosuT85. We reviewed the charity's minutes of meelings to identify potential misstalements arising. We discussed the charity's policies and procedures lor compliance with laws and regulslions vAth mernbers of management responsible foi compllance. Duiing the planning meeting with the audit learn, the eng3gemenl partner drew aitention lo Ihe key areas which might Involve non-compliance rith laws and regulations or fraud. We enquired of rn8n8gement whether they were aware ol any instances of non-compliance with laws and regulations or any actual, Suspected Of alleged Iraud. We addressed the risk of fraud through management override of controls by lestino the approprI8teness of joumal entries and identifying any svJnificant traractIonS that were unusual or outside the nomial course of business. We assessed whether judgements made in making accounting estlmates give rise lo a possible indic21ion of man8gemenl biss. Al the cornplelion stage of the audit, Ihe engagement partnees review included ensuring that the team had approached Ihelr work with appropriate professional sceplicism and IhiL8 the capaaty lo entify nor compliance with laws and regulations 2nd fisud. There are inherent limitations in the audit procedures de5cdbed above and the further removed the non-cornpliante with laws and regulations is frLYn the events and transactions In the finanaal statements, the less likely we would become aware of it. Also, the risk of not detecting a material rnisslatemenl due lo fraud is hvJher than the risk of not delecling one resulting frorn error. as traud may involve deliberate concealmenl by, lor ex3mple. forgery or intention81 misrepresenlats'ons, or through collusion. A further description of our responsibilities is available on the Finandal R8PQrting Council's website al.. https'.11 wM.frc.org.ukJauditor5responsibilities. This description 1mS part ol our avditorfs POrt. Nita EIiz8beth Hutchcraft FCCA Isenior Statutory Audltorl For 8nd on behalf of Kinnaird Hill, Sl8lulory Auditor Chartered Certified Accountants Brunel House 1 Archers Court Hunlingdon Cambridge$hire PE29 6XG Date".
BISON IN THE COMMUNITY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 UnrEstricted funds 202J Notes Incorne and endowments from: Charitable activities Investrnenls Other in¢ome 11,485,471 93,084 159,530 11,984,964 39.760 163,116 Total Income 11,738,085 12,187.840 Expenditure on.. Charitable activities other expenditure 10,120,765 1,543,785 10,090,703 520,514 11 Totsl expendlture 11,684,550 10,611,217 Net Income and movement in funds 73,535 1.576.623 Reconciliation of funds: Fund balances at 1 January 2024 5,670,408 4.093.765 Fund balances at 34 Décémbèr 2024 5,743,943 5,670,408 The statement of financial activities indudes all gains and105ses recogNsed in the year. All income and expendlure derive from continuing actt'vilies. The Statement of Financ¢al Actiwlies also complies with the requiremen15 lor an Income and Expenditure Account under the Companles Act 2(106. The notes on pages 15 10 27 forn part of these fiarla1 slalements. 12-
BISON IN THE COMMUNITY LIMITED BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets 13 125.005 Current zssets Stocks Debtors Cash al bank and hand 14 15 57,762 4,738,243 2,111,850 57,556 3,680,970 3,361,113 6,907,855 7,099,639 Credit015.' amounts falllng due wSthln one year 16 11,1S3.9121 11,554,236) Net current assets 5.743,943 5,545,403 Total assets lèss current Ilabllilies 5.743,943 5,670,408 The funds of the charity Unrestricted funds 18 5.743,943 5.670,408 5.743,943 5,670.408 The notes on pages 15 10 27 foirn part ol these fin8ncial statement The financial slalemenls were approved by the trustees on Mr Darren Gr Trustee Company regislTal*)n number 07713846 (England and W31esl 13-
BISON IN THE COMMUNITY LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating activlties Cash absorbed by operallons 23 11,467,799) 1330,4691 Investing actlvltles Purchase of tangible fixed assets Proceeds from diswsal of tangible fixed asse15 Investment incorne received 123.5281 130,6621 148,980 93,084 39.760 N•t cash generated from investing activities 218,536 9.098 Net cash generated from financing act5vities Net d•crEa5e In cash and cash equlvalents 11,2492631 1321,371} Cash and cash equivalents at beglnning of ye¥ 3.361,113 3,882,484 Cash and cash equivalents at end of year 2.111,850 3,361,113 The notes on pages 15 to 27 form part of these financial stslem8nts. 14-
BISON IN THE COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcies Charlty information Bison in the Community Limited is a private cornpany limited by guarantee incorporated in England a Wales. The registered office is Muckley Corner House Walsall Road, Muckley Comer, Lichfield, Slaffordshire, W814 OBG. 1.1 Basls of preparation The financial slalemenls have been prepared in accordanc8 Wlth the ch8ritys Memorandum and Artides of Asso¢ialion, the Companies Act 2006. FRS 102 "The Finanual Reporting Standard appllcable in the UK and Republic of Ireland. I"FRS 102.1 and the Charilies SORP °Accounling and Reporting by Charities." Statement ol Recornmended Pr3Ctice applicable to charities preparing their a¢count5 in accordance with the Financ181 Reporting Standard appllcable In the UK and Republic of Ireland IFRS 1021" leffeclnie 1 JanLry 20191. The charity 15 a Public Benefit Entity as defined by FRS 102. The financial stslemenls are prepared in sterling, which is the lunclional currency ol the charity, Monetary amounts in these financial st2tern8nts are rounded lo the nearest £. The flnancial statements have been prepared under the historical cost convenllon. The principal accounting policies adopted are sel out below. 1.2 Golng concern Al the lime of approving the finsnci31 statements, the trustees have a reasonable expectation Ihet the chanty has adequate resources lo continue in oper3tional existence lor the loreseeèble future. Thus the trustees continue to adopt the goiro concern basis of accounting in prep8ring the fin8ncial sl8tements. 1.3 Charitable funds Unreslricled funds are available lor use al the dlscrelim ol the Iru51ees in futlherance of their charitable objedives. ReslrlGled funds are subject to specific conéilions by donors or grantors as lo how they may be used. The purwses and uses of the reslricled funds are sel out in the nates lo the Iinancial slalements. 1.4 Income Income is recognised when the charity is legally entitled to It after any perforrnance condillons havè been met. the arnounts Can be rneasured relSably, and il is probable that income will be received. Cash donations are recognised on receipt. Othef donations are recognised once the charity has been n¢ified of the donallon. unless performance condlllons rewire deferral of the amount. Legacies are recognised on receipt or otherwise if the charity has been notified of an impendiThJ distribution. the amount is known, and receipt is expected. Ir the amount is not known, the legacy is treated as a conlingenl asset. Grants are recoonised when the company has an enlillement lo the funds and any conditions linked to the grants have been mel. Where performance conditions are 2ttached lo the grant and are yel lo met, the income is recognised as a liailibility and included on the balance sheet as deferred Income lo released. Vvhere entstlemenl occurs before the Income is rec&ved, the income is accrued R8nlal income are amounts receivable for rent31 seThices, net of VAT and is recognised on an accruals ba318. 15-
BISON IN THE COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Icontinuedl 1.5 Expenditure Expendilurg is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, ills probable that a transfer of economic benefits will required in settlement, and the arnounl of the obligation can be measured reliabty. Expenditure is classified by actiity. The costs of e2ch activity are made up of the total of direct costs and shared costs, includlng support C4)sls Involved Sn undertaklng each activity, Dbrect costs attrlbulable lo 8 single activity ara allocated directly lo that activity. Shared costs which contribute lo fflore than one gclivliy and support Costs which are not attributable to a single activity are aPportned befften those activities on a basis consistent with the use of resources. Centrsl staff costs are allocated on the basis of lime spent. and depreaalion ch8rg8s ara allocated on tha portSon ol the assgt's use. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuallon, nel of depreciation and any impaiment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over Ihelr useful lives on the following bases.. PFanl and equiprnenl Fixtu and fittings 15% redudng balance 15% redudng balance The gsln or loss islng on the (Is6a1 of an asset is del8rmined as the differenc8 bahveen the sale proceeds and the caryg value of the as5el, and is Tecognised In the statement of financial aclivi*'es. 1.7 Impaiment offixBd assèts At each reporting end date. the charSty revlews Ihe carrySng amounts of its tangible assets lo determine whether there is any indication that those assets have suffered an impairment lo. If any such indication exists, the recoverable 8rnounl of the 88set Is e31irnaled In order lo delerrnlne the extent ol the impairment loss (rf any). 1.8 Stocks stocks are 51aled al the lower of cost and esllmaled selllng prfee. 1.9 Cash and cash equivalents Cash and cash equiwalents include cash in hand, deposlts held at call th banks, other short-lerm liquid investments with original malurilies of three months or less, and bank overdratts. 1.10 Flnanclal Instrurn•nts The charlty has elected lo appty the provlslons of Secb'on 11 'Baslc Financial Inslrurnenls. and Section 12 'Olher Financial Inslrumenls15sues' ol FRS 102 lo all of Its financial inslrumenls. Financial instruments are recognised in the challty'5 balance sheet when the charity becornes party lo the ontraclual provisions of the inslrumenl. Finanual assets and liabilities are offset. wllh the nel arTTrounls presented In the financial slalements, when there is a legally enforceable right lo sel off the recognised amounts and there is 8n intention to settle on a nel b88Is or lo realise the asset and settle the liability simultsneously. 16-
BISON IN THE COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Iconlinuedl Basic financial assets Basic financial assets, which include debtors and cash 2nd bank balances, are initially me2sur8d at transaction price induding transaction costs and are subsequently carried at arnortised cost using the effectiv8 interest method unless the arrangement constilules 3 finanang Iransaclion, where the transaction is measured at the present value of the future ieceipls discount at a market rate ol interest. Financial assets classfied as receivable within one year are not amortlsed. Basic linanciol liabilities Basic financial liabilities, Induding creditors and bank loans are initially recDonised at transaction price unless the arr8ngernenl conslilule8 a financing transaction, where Ihe debt instrument is measured at the piesenl value of the future payments discounted al a mad(et rale ol interest. Financial liabililies classified as payable thin one year 812 not amortised. Debt inslrumenls are subsequently carried al amortised cost, using the elleclive interest rate rnethcxj. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable 3re classified as creNt liabilities if payrnent is due wlhin one year or less. 11 not, they are presented as non-current li8bilities. Trade creditors are recognised initially 8t transaction price and subsequently measured al arnortised cost using the effective interest rnelhod. Derecognition ol financial Ilabtilities Financial liabilities are derecognised when the charity's conlradual oblS981ions explre or are discharged or anGelled. 1.11 Employee benefits The cost of any unused holiday enlillemenl is recognised in the period in which the employee's services are received. Termination benefits afe recogn13ed imrnediately as an expense when the charty Is dÉmonstr8bty committed lo lerTninale the employment ol an employee or lo piovide lerminalion benefits. 4.12 Retlrement benefits Payments lo defined mnlributim penSn scheme are charged as sn expense as they fall due. 1.13 Leases Rental is payaue under a linCe. The notlce perlod Is 48 hours, therefore, there is no capitsl commilrllent al the year end. Crltical accountlng estlmates and judgements In the application of the charity's accounting policies, the Iruslees are requlred to mgke judgements, eslimales and assurnplions about the carrying amount ol assets and liabilities Ihal are not readily apparent from other sources. The eslimales and assDcialed assumptions are ksed on historical experience and other factors that are considered io be relevant. Actual results may differ Irorn these eslim8les. The eslirn8le5 and underIng assumptions are ieviewed on an ongoing basis Rewsions to accounting eslirnales are recognised in the period in which the estimate is Tevised where the revision affects only that period, or in the period ol the revision and luture periods wher8 the revision affects both current and fvlure periods. 17
BISON IN THE COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charftable activities Unrestrict?d funds 2024 Unrestricted funds 2023 Community Faclllty Hire Sale of goods 1.307,885 1,248.381 Educatlonal Program Sale of goods 2,658,664 2,822,569 Le15ure & Recreational Sale of goods 5,433,604 5,9S7,740 Mlscellaneous Sale of goods 2,085,218 1.956,274 11,485,471 11,984,964 Income fmm Investmènts Unrestrlcted Unrestricted lunds funds 2024 2023 Interest recelvable 93,084 39,760 other Income UnrEstrlcted Unrestrlcted funds funds 2024 2023 Nel gain on disposal ol tangible fixed assets Other incorne Shop rental Income 448 85,445 73,637 90,817 72.299 159.082 163,116 18
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BISON IN THE COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs 3llocated to actlvltles Dlrect Costs 2024 Total 2022 Flnance costs Governance 1S5.101 251,672 164.078 98.586 2024 2023 Governance cosls eomprlse: Audll lees Legal and professlon 20,669 231.003 19,280 79.306 251.672 98,586 Net movement In funds 2024 2023 The nel movement in funds Is slated after chargingllcreditingl.. Fees payable for the audit of the charity's financial statements Depr8cialion of owned talble fixed assets Profil on dlsposal of tsnglble flxod assets 20,669 19,280 20,297 {4481 Trustees Nthie of the trustees lor any persons connected urith them) re¢Élved any remunerallttt) oi benefits directly from the charity during the ye81. However, four of the five Trustees were paid £209,41712023 £142,857) by PI (Lichfield) Limited, a rglaled party entity. The amount is included In direct costs of £540.046 12023.- £501,530) shown in note 20 to the financial slalements. 10 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Employees 262 232 -20-
BISON IN THE COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employees (Continued) Employment costs 2024 2023 Wages and salaries Soaal security costs Other pension costs 2,065,716 g9,694 22,899 2,012,850 95,013 20,989 2,188,309 2,128.852 There were no employees whose annual remuneration was more than £60,000. 11 other expendlture Unrestricted Unrestricted funds funds 2024 2023 Exceptional item 1,543,785 520.514 This year the company has paid £1,543,785 additional charges for the v5e of intellectual propety lollowiro a review of the licence agreernenls. Given the size and nature of this amount, it has been reflected as an exceptional item in the financial 51alemenls. In the prior year the following r81818d party balances that were due by Imnter Swrts Clubs have been treated as an exceptional itern.. Cardiff Winter Sports Club Limited was dSOlVed on 21 March 2017. The balance ol £123.419 is no longer recoverable. Gillingham Imnter Sporis Club Limited has now ceased iradino and the balance of £85,484 is no longer considered repayable. Pelerborough Ihfinter Sports Club Limited ceased trading on Ihe 31 March 2021 8nd the Iradlng activities were transferred lo Bison in The Community Limlled. The balan of £482,579 represents full 5trttlemenl ol any deb15 that were ou1513nding at the 31 March 2021 by Bison in the Community Lirniled. Pelerborough Wnler Sports Club. C8rdiff Wnter Sports Club and Gillinghaffl Winter Sports Club were related charities. the Irust&es Mr Green, Mr Rhodes, Mr Fife, Mr Lloyd and Mr Oermott are trustees ol each ol Ihetn. 12 Taxatlon The charity is exempt from taxation on ils a¢llvltles because all Its Income is applied for charitable purpose8. 21
BISON IN THE COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Tangible fixed assets Plant and Fillre$ and equlpment fittlrlgs Yotsl Al 1 January 2024 Addllions Dispasa18 171.774 43.292 215,066 21,279 2,249 23,528 1193.0531 145,5411 1238,594) Al 31 December 2024 Depreclatlon and Impalnnent Al 1 January 2024 Eliminated In respect of dlsposals 82,619 182,6191 7,443 90,062 (7,443) 190,062) Al 31 Oecernber 2024 Carrylng arnount Al 31 December 2024 Al 31 December 2023 89.156 35,849 125,005 14 Stocks 2024 2023 Raw malerlals and consumabl¢$ 57.762 57,556 15 Debtors 2024 2023 Amounts falllng due wlthln onè year: Trade debtors Amounts owed by subsldiary undertaklngs Other d&blors Prepayments accw8d income 62.579 1.018 4,663.477 11.169 480,893 3,202,124 18,153 4,738,243 3,880,970 16 Creditors.. amounts falling due withln one year 2024 2023 Other taxation and social secudty Trade creditors Other creditors Accruals and deferred income 20.577 448,440 194,638 500,257 20,845 730,390 196,435 606,566 1,163,912 1,554,236 -22-
BISON IN THE COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Retlrement benefit schemes 2024 2023 Defined contribution schemes Charge lo wofit or loss in respect ol defined contribulion schemes 22,899 20,989 The chaiity operates a defined contribution pension scheme lor all qualifying employoes. The assets ol the scherne are held separately Irorn those of the charity in an independently administefed fvnd. Payment5 to the defined contribution pension scheme are charged as expensés as Ihey fall due. 18 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balarces of don81ions and grants which are not subject lo specific conditions by donor5 and grantors as to how they may be used. These include designated funds which have been sel aside out ol unrè5tiicted funds by the Iruslees lor specific purposes. At 1 January 2024 Incomlng resources Resources expended Transfers At31 Decernber 2U24 Dilapidationlmaintenance Fund General funds 4,200,000 11.738,085 111,664.550) 14,200,000) 4,200,000 1.543,943 5,670,408 5,670,408 11,738,085 111,664,550) 5,743,943 Prevlous year.. At 1 January 2022 Incomlng resources Resources expended Transfer5 At31 December 2023 General funds 4.093,785 12.187,840 110,611,217) 5,670.408 Dilap(dationslmalntenance lund: This is a designaled fund which represents the fund5 sel aside towards dilapidation and maintenance costs of the ice rinks which are required lor ongoing operations and for reparation costs under the terms ol the licence agreements. 19 Contlngent Llablllty Under the terms ol the licence agreements, the charity may be obliged lo undertake reparation cos15 in respect ol each building. It is difficult to C8lcul8le a reliable estimate ol the potential Costs and lo distinguish beNveen Ihese and ongoing repairs and maintenance cosls.. Ih8relore, no provision h2s been rnade in the financial statements bul lunds of £4.2m have been Iranslerred to 8 designated fund in anlicipalion of these costs. -23-
BISON IN THE COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 20 Related party transactlOn5 Transactions wlth related partles Dlrect costs 2024 2023 KCO Inline Skalbng Limited Slaffordshire Winter Sport5 Club Limile Ice Media Production Limited PI ILichfi&ldl Llmiled The Ice Rink Company Limited Psanel Ice Hernel Hempstead Ltd 36.249 4,307 133,961 540,046 38.427 147,057 25,206 7,361 99,492 501.530 898,047 633.588 Amounts owed to related partles 2024 2023 KCO Inline Skatlng Llmited Ice Medla Production Llmiled PI (Lithfieldl Llrniled 128,801 5,580 23,566 119.188 15.105 66.771 157,947 201,064 Amounts owed by related Amounts owed by related partles partles 2024 2023 Balance Balance Net Net Stsffordshlre Imnter Sports Club Ltd PI (Lichfieldl Llmlled BBIH Ltd 48.358 313,200 1.018 46,358 313,200 1,018 44,588 240,401 44,568 240,401 380,576 360,578 284,967 284,967 -24-
BISON IN THE COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 20 Related party transactions Icontlnuedl Mr Rhodes, a trustee, is a shareholder and director of KCO Inline Skating timited and Ice Media Produch'on Limited. The transactions with these companies are al amis length. All of the Iruslees of the charity ale remunerated under contracts ol employment or a service contract on a self ernployed basis with Pl (Lichfieldl Limited for services provided lo the charity. The trustees are also the only key management personnel. The costs ol the servic8S Were recharged by Pl ILichfieldl Limited during the year and are included in the direct costs as disclosed above. Further details ol the p8ymenls made to the trustees are included In note 10 to the financkql statements. PI ILichf*ldl Limited is related lo the charity by virtue of the payrnent of trustees reMUneraln or a seNice contract on a self employed basis. The controlling party of this c4)mpany, Mr M Pelrouis, is also a shareholder of the companies related to the Iruslee Mr Rhodes. as mentioned above_ Slaffordshire Winter Sports Club, PelerborDugh Vlfinter Sport5 Club, Cardiff Winter Sports Club and Gillingham Imnter Sports Club are all re121ed ch8ri1ies since the Iruslees Mr GTeen, Mr Rhodes, Mr Fife, Mr Lloyd and Mr McDermott are also trustees of each of them. Transactions 8re 818rrns length and due lo the unique n£lure and Snler-relationships of the chaiilies concerned, there is an elernenl of r£th8rge bebmeen them lo cover season213nd cofflrnon activities and events. The following amounts were recognised as an expense In the year In respect ol bsd debts due from related parties. Note 11 to the financial slalemenls provides additional inlormation in relation lo the write ofls of irrecoverydble balan5. 2024 2023 Peterborough IMnl¢r Sports Club Cardiff Winter Sports Club Gillingham Winter Sports Club Limited 482.579 123.419 185,484) 520,514 -25-
BISON IN THE COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Related party transactSons IcontlnLEedl Addltlonal related party dis¢losurEs The following belances were owed by related parties as al 31 Decgmber 2024.. 2024 2022 Planet Ice IBri5toQ Limited Planet Ice (Gosportl rnited Planet Ice (Hemel Hempsleadl Limited Planet Ice IMi51on Keynes) Limiled Planet Ice (Pelerboroughl Limited Silverblades Ic8 Rink Company (Gillinghaml Limited Ice Rink (Gilllnghaml Co Silverblades Ice Rlnk Company {Allrinchaml Limited Ice Rink (Basingstokel Co Pl Property Leisure Limited 383.813 486,963 124,967 590,718 157,390 431,273 303,571 865.004 583.213 335,435 500,870 207,043 549.27S 2.588 2.138 1,836,140 The following balances were owed to related partSe¥ as al 31 December 2024.. 2024 2023 Planet Ice IGo8portl Lbmlted Planet Ice (Baslngstokel Llmlted Planet Ice (Milton Keynes) Limited Planet Ice (Pelerboroughl Limiled Sllverblades ke Rlnk Company IAIITincharn} Llmlled 5.750 55.303 12.000 3,550 5,235 93,147 During the year bcence fees were tharged by the lollthng retaled parties.. 2024 2023 P18net Ice (Bristol) Limited P5anel Ice (Gosportl Limited Planet Ice (Hemel Hempsleadl Limited Planet Ice (Milton Keynes) Limited Planet Ice IPelerborough} Limited Sllvèrblades Ice Rlnk Company IGlllSnghaml Llmlled Planet Ice {BangStOkej Limited 819,000 347,7S0 397,800 682,500 260,650 514,800 338,640 795,CrfJO 304.750 349.800 636.000 188.150 466.300 353,062 The charity has licences, in respect of the Ice Rinks. granted by the companies listed above. During the year fixed ass8tg wgre sold at nel took value lo Pl Propety Lèlsur8 Ltd amounting lo £104,427 DuriThJ the year fixed assets were 801d at nel book value lo The Ice Rnk Company Ltd amounting to £38.098 DurirYJ the year the professional charges ol E89,185 were recharged ty Pl Propety Leisure Ltd The charity operates the rinks under the brand name of Planet Ice and Silverblades Ice Rlnk Company. Included in te 11 Exceptional costs is £1.293,810 charged by Pl Property Leisure Ltd and £249.975 charged by The Ice Rink Cornpany Ltd for the use of Intelledual propety. All of the companies are owned and controlled by MT M PelroLIs, -26-
BISON IN THE COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Subsidlafl8s D813ils of the charity's subsidi8rles al 31 December 2024 are as follows.. NaFne of undertaklng Reglstered office Nature ol business Cl855 of shares held '% Held Dlrect Indirect BBIH Limited England ke hockey sports team Ordinary 100.00 The aggregate capllal and re5etves and the result lor the yesr of subsldlailes excluded fi consolidation was as follows.. Name of undertaklng ProfitllLoss1 Capltsl and Reserves BBIH Limited 125,1421 The investment is held al nil value In the tlnan¢l¥l slalements. The company hss ceased io trade. This is the only subsidiary and its r(18 are not material therefore group accounts have not been piep8red. 22 Company limlted by guaranlee The company limited by guarantee, each member hav1ng rertaken lo contribute such arnounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she 1$ still a member or within one ye8r thereafter. There are S members of the eomp8ny. 23 Cash absorbed by operations 2024 2022 Surplus lor the ye8f 73,535 1.576,623 Adluslments for: Investment Income recognised in slalernent ol financial activities Gain on disposal ol tangible fixed assets Depreciation and impairment ol tangible fixed 3S5el 193.0841 14471 139,7601 20,296 Movements In working c3PIt31: Ilncreaselldecre8se In Stocks Ilncreasel in debtors (Decreasellincrease in Creditors 12061 20.320 11,057.2731 11,948.6101 (390.3241 40,662 Cash absorbed by operatlons 11,467.7991 1330.4691 24 Analysis of changes in net funds The charity had no material debl during the yew. 27-