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← Bollington Health & Leisure

2025-06-30-accounts

REGISTERED COMPANY NUMBER: 08119494 (England and Wales) REGISTERED CHARITY NUMBER: 1151326

Report of the Trustees and Financial Statements for the Year Ended 30 June 2025

for

Bollington Health & Leisure (A Company Limited by Guarantee)

Harts Limited Chartered Accountants and Statutory Auditors Westminster House 10 Westminster Road Macclesfield Cheshire SK10 1BX

Bollington Health & Leisure

Contents of the Financial Statements for the Year Ended 30 June 2025

Page
Report of the Trustees 1 to 7
Report of the Independent Auditors 8 to 11
Statement of Financial Activities 12
Balance Sheet 13
Cash Flow Statement 14
Notes to the Cash Flow Statement 15
Notes to the Financial Statements 16 to 25
Detailed Statement of Financial Activities 26 to 27

Bollington Health & Leisure

Report of the Trustees for the Year Ended 30 June 2025

The trustees of Bollington Health & Leisure (BHL), who are also directors of the charity for the purposes of the Companies Act 2006 (the Trustees), present their report with the financial statements of the charity for the year ended 30 June 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 new consolidated edition introduced in January 2022).

BHL is a company limited by guarantee and its operations are to include the provision of facilities for sporting, health, leisure and social activities including teaching and recreation for swimming, squash, fitness and other sporting activities for the benefit of the residents of Bollington and the surrounding area.

Objectives & aims

The objects of BHL are specifically restricted to the following: To construct, maintain and manage facilities for swimming, squash, fitness and other sporting, health, leisure and social activities (together with all incidental offices, outbuildings, open areas and access thereto) as provision for recreation and leisure-time occupation within the meaning of section 5 of the Charities Act 2011 and for the provision of such other facilities and services within the meaning of the said Act as BHL may in its discretion hereafter determine for the benefit of the residents of Bollington and the surrounding area.

Historical review

Bollington Leisure Centre was conceived in 1973 by Bollington Urban District Council (UDC) as a community project. Fund raising began in January 1974, with the objective of building a swimming pool on UDC land designated for recreational use at Bollington Cross. With changes in local government, the land passed first to Macclesfield Borough Council and then to Cheshire East Borough Council. The Swimming Pool Committee evolved into a charity which was registered as Bollington Leisure Centre in July 1977. The leisure centre also continued to develop with the addition of squash, a gymnasium, a health studio and other activity rooms. The charity became a limited liability company in 2012 and was renamed 'Bollington Health & Leisure'.

Leased Land

The land leased to BHL by Cheshire East (CEC) is less than 20% of the larger Bollington Cross site owned by CEC and designated for recreational use. In 2017, Bollington Town Council (BTC) signed a 125 year lease for the entire CEC area of land at Bollington Cross, with the exception of the children's play area, but including the areas of land already leased to BHL and Bollington United Junior Football Club. The current CEC-BHL lease expires on 30 April 2033 and agreement has now been reached with BTC to sub-lease the existing BHL footprint for a peppercorn rent for the remainder of the CEC-BTC headlease providing security of tenure until 24 April 2142 and thereby ensuring the long?term protection of the land for the charity's purposes. The Licence to Underlet & Deed of Variation, the Reversionary Lease, and an Overage Deed have all been approved by the Trustees and are awaiting signature. All costs associated with this lease have been met by BHL.

BTC has indicated that it is not willing to execute this lease until a second lease, relating to a parcel of land of just over one acre owned by BHL is also ready to be signed. This land currently forms part of the football pitches used by Bollington United Football Club ("BUFC"). Several matters must be concluded before this lease can be finalised, including the change of use for the land to sport and leisure, compliance by BHL with its charitable obligations on a disposition of land and agreement of the lease terms. All workstreams are underway but have not yet been concluded. A verbal agreement has been reached confirming that BHL's costs in relation to this second lease will be met by BTC.

Page 1

Bollington Health & Leisure

Report of the Trustees for the Year Ended 30 June 2025

OBJECTIVES AND ACTIVITIES

Operational Review for 2024-2025

The Trustees measure the success of the charity for the reporting period across a number of factors, including the number of participants in swimming lessons, number of schools using the swimming pool, number of gym users, wider contributions to community activities and financial sustainability of operations.

The financial year was steady, with no significant unforeseen issues arising. Essential and emergency maintenance works were carried out with minimal disruption to operations. Both treatment rooms at BHL were fully upgraded and refurbished to a high standard. In addition, BHL's health suite and spa underwent a comprehensive refurbishment. As part of this work, the hot tub was removed due to identified potential health risks, and the sauna and steam room were upgraded. The area also benefited from new flooring, redecoration, new cubicles and improvements to the showers and lighting.

Safety enhancements were made within the swimming pool, including the reinstatement of pool steps at the deep end. Several upgrades were also completed in the pool plant room, notably the replacement of ageing pipework to strengthen the system and help prevent future operational issues.

Following receipt of funding from the Swimming Pool Support Fund via Sport England in the 2023/24 financial year, installation of 133 solar panels on BHL's roof and the fitting of a new pool cover were completed during the current year. These measures have already delivered significant energy savings. A further grant from Sport England was secured to support the delivery of hip and knee classes, enabling BHL to offer these sessions free of charge to participants for a one-year period.

The Trustees maintain a risk register to identify any business risks, which are reviewed by the Trustees on an annual basis, and regularly monitored so that mitigating issues can be identified, including appropriate insurance. So far as the Trustees are aware, there are no current factors that are likely to materially affect future financial performance.

Alongside this the Trustees maintain and regularly monitor BHL's investment policy, which includes four guaranteed fixed term bonds for a period of 12 to 24 months not exceeding the government guarantee limit per investment.

Public benefit

BHL is devoted to operating for the public benefit, providing much needed sporting, health and fitness facilities for the people of Bollington and the surrounding areas. Accordingly the Trustees have had due regard to the guidance issued by the Charity Commission on public benefit and have not received any complaints about activities carried on for the purposes of BHL's fundraising which comes from use of BHL's facilities to fund its running costs, therefore removing any reliance on volunteers for overall operation.

BHL has provided significant public benefit during the reporting period based on an extensive swimming teaching programme, 42 fitness classes (increased by four since the last reporting period) and a large, well equipped gymnasium. BHL has also maintained all previous swimming sessions for fifteen local schools with lessons for 550 children in addition to BHL's own swimming teaching programme.

BHL hosts two long-standing disability groups (Parkinson's Group and the Macclesfield & District Stroke Society) alongside a veteran's support group run by the local branch of the British Legion which have been joined this year by a 'Stand Strong' falls prevention class and 'Active lives' 3 month referral programme for eligible candidates run in conjunction with Everybody Leisure.

Page 2

Bollington Health & Leisure

Report of the Trustees for the Year Ended 30 June 2025

FINANCIAL REVIEW

During the 2024/25 financial year, total incoming resources for the charity were £934,196 (2024: £946,067) of which £893,056 (2024: £861,377) was income related to the running of the Leisure Centre. This represents a rise of 3.7%.

Expenditure was £866,938 (2024: £891,708) resulting in a net surplus for the year of £67,258 (2024: £54,359).

Total funds carried forward at the balance sheet date were £425,757 (2024: £358,499). Unrestricted funds consisted of £424,838 (2024: £358,499). Free reserves, meaning those funds which are not restricted, designated or which require the disposal of fixed assets, were £402,289 (2024: £335,950).

Reserves policy

The Trustees aim to maintain uncommitted reserves equivalent to three to four months turnover. By careful management of the refurbishment and development programme referred to above in addition to essential and emergency ordinary course expenditure, the net assets have been restored to c.£400,000 which equates to four months turnover.

FUTURE PLANS

The immediate short term focus is to secure the signing of the new lease between BTC and BHL and to maintain the current level of service and operation for all users of the facilities. The buildings and other assets will also be maintained to a high standard with due regard to all aspects of health, safety & environment and safeguarding, with due regard to the needs of vulnerable children and adults.

Additional data required for Annual Return

- Number of legally binding contracts (other than grant agreements) from central
government or local authorities None
- Number of grants from central government or local authorities 1
- Highest single value donation from a corporate donor £0
- Highest single value donation from an individual £1,000
- Single highest donation from a related party to a Trustee or key management personnel
£0
- Grant making Not main purpose
- Grants made to individuals £0
- Grants made to other charities £0
- Grants made to other organisations £0
- Payments to Trustees for providing goods and services £1,525
- Permanent employees at end of financial year (with employment contract and
employment rights) 102
- People on fixed term contracts which end on a particular day or on completion of a
specific task None
- Self-employed people working for BHL running a business for themselves and not paid
through PAYE 14

Page 3

Bollington Health & Leisure

Report of the Trustees for the Year Ended 30 June 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its Articles of Association, as amended and approved by the Charity Commission on 22 April 2013, and constitutes a company limited by guarantee as defined by the Companies Act 2006.

Induction and training of new trustees

The charity will always aim to have an appropriate balance of skills and expertise on the Trustee board which comprises of volunteers with knowledge of appropriate health and leisure activities; business, including corporate governance, finance, health & safety and facilities management; and the local community.

Prospective new Trustees are recruited through the Committee (as defined below) and through open adverts (both to members of BHL and the wider public) and are invited to attend directors' and management committee meetings for a period before appointment whereupon they must declare that they are not disqualified from becoming a director of a registered company or of a charitable institution; that they have not been barred by the Independent Safeguarding Authority from working with children and vulnerable adults; and must declare any potential conflicts of interest.

All new Trustees are provided with the general guidance for Trustees issued by the Charities Commission to ensure that they are fully aware of their responsibilities, together with their responsibilities under company law.

They are also familiarised with BHL policies and procedures. Specific training is provided, as required, in areas such as Health & Safety and Safeguarding. Two Trustees have resigned and one Trustee has been appointed during the financial year ended 30 June 2025.

Management

The Trustees have approved, and regularly reviews, an authorities policy which describes how responsibilities for BHL are delegated. This policy forms part of BHL's internal control and governance arrangements.

The Trustees delegate substantial authority to a management committee (the Committee) to manage BHL within an annual budget set by the Trustees who report to the Trustees on a quarterly basis. The Committee is a sub-committee of the Trustees and is chaired by a director of BHL approved by the Trustees. A minimum of two directors of BHL sit on the Committee. The Committee may invite other persons to be a member of the Committee, subject to the approval of the Trustees.

There are currently two BHL managers, one for business and one for operations, to whom further accountabilities are delegated by the Committee and whose remuneration is approved by the Trustees on recommendation of the chair of the Committee based on performance, pay inflation and affordability.

Decision making

All decisions are taken in strict compliance with the Articles of Association and with the approved policies of BHL. All decisions of the Trustees and the reasons for those decisions are recorded in the minutes of the meetings of the board of directors of BHL.

Page 4

Bollington Health & Leisure

Report of the Trustees for the Year Ended 30 June 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08119494 (England and Wales)

Registered Charity number

1151326

Registered office

Heath Road Bollington Macclesfield Cheshire SK10 5EX

Trustees

Mr P Drabble Dr P Gruenbeck Mr S L Hurst Mr J D King Mr R A Mason Mr S W Spinks Mr C J Thompson (resigned 12.5.25) Mr P D Tunwell Ms K West (appointed 12.8.24) Dr J A Murdoch (resigned 11.11.24) Mrs H P Bassirat (appointed 11.8.25)

Company Secretary

Ms K West

Auditors

Harts Limited Chartered Accountants and Statutory Auditors Westminster House 10 Westminster Road Macclesfield Cheshire SK10 1BX

Management

Eve Cupertino (Operations Manager) Chris Cauldwell (Business Manager)

Page 5

Bollington Health & Leisure

Report of the Trustees for the Year Ended 30 June 2025

Solicitors

SAS Daniels LLP 30 Greek Street Stockport Cheshire SK3 8AD

Cooper Sons Hartley and Williams LLP 3-5 Market Street Disley Stockport Cheshire SK12 2AA

COMMENCEMENT OF ACTIVITIES

The charity was incorporated on 26 June 2012 and commenced trading on 1 July 2013 under the terms of a business transfer agreement between Bollington Leisure Centre and BHL.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Bollington Health & Leisure for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Harts Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Page 6

Bollington Health & Leisure

Report of the Trustees for the Year Ended 30 June 2025

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on

and signed on its behalf by:

Ms K West - Secretary

Page 7

Report of the Independent Auditors to the Members of Bollington Health & Leisure

Opinion

We have audited the financial statements of Bollington Health & Leisure (the 'charitable company') for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 8

Report of the Independent Auditors to the Members of Bollington Health & Leisure

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 9

Report of the Independent Auditors to the Members of Bollington Health & Leisure

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit, in respect to fraud, are:

However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

We obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant are the Companies Act 2006, Charities Act 2011, Employment Law and compliance with applicable Health & Safety legislation.

We understood how Bollington Health & Leisure is complying with those frameworks by making inquiries of management who are responsible for compliance with legislation.

We corroborated our enquiries through discussions with directors to identify any non-compliance with laws and regulations.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations that could materially impact the financial statements. Taking into accounts our understanding of the Company, our procedures involved enquires of management and focused testing as appropriate with consideration to risk assessment.

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by discussion with directors to understand where its considered there was a susceptibility to fraud. We considered the controls that the Company has established to address risks identified, or that otherwise prevent, deter and detect fraud.

To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify and unusual or unexpected relationships; investigated the rationale behind significant or unusual transactions; and tested journal entries to identify unusual transactions.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 10

Report of the Independent Auditors to the Members of Bollington Health & Leisure

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Melissa Bowers FCCA (Senior Statutory Auditor) for and on behalf of Harts Limited Chartered Accountants and Statutory Auditors Westminster House 10 Westminster Road Macclesfield Cheshire SK10 1BX

Date:

Page 11

Bollington Health & Leisure

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 June 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Leisure centre
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Leisure centre
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
CONTINUING OPERATIONS		 Unrestricted
fund
£
4,832
893,056
16,676
15,098
929,662
12,804
850,519
863,323
66,339
358,499
424,838		 Restricted
funds
£
4,534
-
-
-
4,534
-
3,615
3,615
919
-
919		 30.6.25
Total
funds
£
9,366
893,056
16,676
15,098
934,196
12,804
854,134
866,938
67,258
358,499
425,757		 30.6.24
Total
funds
£
55,082
861,377
20,195
9,413
946,067
10,594
881,114
891,708
54,359
304,140
358,499

All income and expenditure has arisen from continuing activities.

Comparative figures have been restated where necessary to reflect a prior period adjustment as described in note 13.

The notes form part of these financial statements

Page 12

Bollington Health & Leisure

Balance Sheet 30 June 2025

30.6.25 30.6.24
Unrestricted Restricted Total Total
fund funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 14 22,549 - 22,549 22,549
CURRENT ASSETS
Stocks 15 2,840 - 2,840 3,081
Debtors 16 33,772 - 33,772 87,498
Cash at bank 487,142 919 488,061 426,090
523,754 919 524,673 516,669
CREDITORS
Amounts falling due within one year 17 (121,465) - (121,465) (180,719)
NET CURRENT ASSETS 402,289 919 403,208 335,950
TOTAL ASSETS LESS CURRENT LIABILITIES 424,838 919 425,757 358,499
NET ASSETS 424,838 919 425,757 358,499
FUNDS 19
Unrestricted funds 424,838 358,499
Restricted funds 919 -
TOTAL FUNDS 425,757 358,499

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by:

............................................. Mr S W Spinks - Trustee

The notes form part of these financial statements

Page 13

Bollington Health & Leisure

Cash Flow Statement for the Year Ended 30 June 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
2
Cash and cash equivalents at the end of
the reporting period
2		 30.6.25
£
46,873
46,873
15,098
15,098
61,971
426,090
488,061		 30.6.24
£
7,877
7,877
9,413
9,413
17,290
408,800
426,090

The notes form part of these financial statements

Page 14

Bollington Health & Leisure

Notes to the Cash Flow Statement for the Year Ended 30 June 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
30.6.25 30.6.24
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 67,258 54,359
Adjustments for:
Interest received (15,098) (9,413)
Decrease in stocks 241 652
Decrease/(increase) in debtors 53,726 (54,345)
(Decrease)/increase in creditors (59,254) 16,624
Net cash provided by operations 46,873 7,877
2. ANALYSIS OF CASH AND CASH EQUIVALENTS
30.6.25 30.6.24
£ £
Cash at bank and in hand 488,061 426,090
3. ANALYSIS OF CHANGES IN NET FUNDS
At 1.7.24 Cash flow At 30.6.25
£ £ £
Net cash
Cash at bank 426,090 61,971 488,061
426,090 61,971 488,061
Total 426,090 61,971 488,061

The notes form part of these financial statements

Page 15

Bollington Health & Leisure

Notes to the Financial Statements for the Year Ended 30 June 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in UK Sterling (GBP) and the level of rounding is to the nearest £1.

Statutory information

Bollington Health & Leisure is a private charitable company, limited by guarantee, registered in England & Wales. The charitable company's registered number and registered office can be found on the Report of the Trustees.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the accounting policies, Trustees are required to make judgement estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources.

The Trustees have made no judgements, apart from those involving estimations, that have had a significant effect on the amounts recognised in the financial statements.

The Trustees consider that there are no key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Preparation of the accounts on the going concern basis

The Trustees have reviewed the circumstances of the charitable company and consider that adequate resources continue to be available to fund the activities of the leisure centre for the foreseeable future. The Trustees are therefore of the opinion that no material uncertainties relating to going concern exist and it remains appropriate to prepare the financial statements on a going concern basis.

Income

Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from the swimming pool and the gym is recognised in accordance with the performance of the use of the service or when the lesson is carried out.

Income from memberships are recognised evenly across the period to which the membership relates.

Income from grants is recognised as soon as the charitable company has entitlement to the funds, it is probable that the income will be received and the amounts can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

Page 16

continued...

Bollington Health & Leisure

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

1. ACCOUNTING POLICIES - continued

Debtors

Trade and other debtor are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount after allowing for any trade discounts due. Deferred income relates to conference contributions and grants received during the year which relate to future periods.

Financial instruments

Basic financial instruments are initially measured at transaction price and subsequently measured at amortised cost, with the exception of cash at bank which are held at fair value. Financial assets held at amortised cost comprise trade and other debtors and financial liabilities held at amortised cost comprise trade and other creditors, except taxation and social security.

Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and property

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Company status

Bollington Health & Leisure is a company limited by guarantee. The members of the company are the trustees. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

continued...

Page 17

Bollington Health & Leisure

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

2.
DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above, are as follows:
Solar Panels (Restricted)
Other grants (Unrestricted)
Pool Cover (Restricted)
Meet, Move & Improve
Hip & Happening
3.
OTHER TRADING ACTIVITIES
Fundraising events
Reception income
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Swimming income
Leisure centre
Gym income
Leisure centre
Membership income
Leisure centre
Other income
Leisure centre		 30.6.25
£
2,832
6,534
9,366
30.6.25
£
-
2,000
-
1,125
3,409
6,534
30.6.25
£
620
16,056
16,676
30.6.25
£
15,098
30.6.25
£
570,086
197,316
51,625
74,029
893,056		 30.6.24
£
3,345
51,737
55,082
30.6.24
£
40,737
1,000
10,000
-
-
51,737
30.6.24
£
2,325
17,870
20,195
30.6.24
£
9,413
30.6.24
£
606,802
146,347
35,634
72,594
861,377

Page 18

continued...

Bollington Health & Leisure

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

6. RAISING FUNDS

Raising funds

Purchases for resale
Advertising
7.
CHARITABLE ACTIVITIES COSTS
Leisure centre running costs (All unrestricted)
Project costs (See below)
See pages 20 and 21 for further details.
Project costs:
Atax field
Health spa upgrade
Centre suite repairs
Pool cover
Solar Panels
Treatment rooms refurbishment		 30.6.25
£
10,700
2,104
12,804
30.06.25
£
828,272
25,862
854,134
30.06.25
£
-
24,439
-
588
695
140
25,862		 30.6.24
£
8,180
2,414
10,594
30.06.24
£
806,706
74,408
881,114
30.06.24
£
2,100
8,175
2,752
17,513
43,868
-
74,408

There were no restricted project costs in the current year. Restricted costs in the prior year relate to spending on the Pool cover (£10,000) and Solar panels (£40,737).

8. SUPPORT COSTS

Leisure centre

Governance
Other
costs
£
£
5,727
9,825		 Totals
£
15,552

Page 19

continued...

Bollington Health & Leisure

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

8. SUPPORT COSTS - continued

See pages 20 and 21 for further details.

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.6.25 30.6.24
£ £
Auditors' remuneration 7,200 5,800
Auditors' remuneration: Other non audit services 1,620 1,000

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Management and administration
Instructors and support		 30.6.25
£
503,603
20,605
7,745
531,953
30.6.25
8
69
77		 30.6.24
£
462,423
19,405
7,025
488,853
30.6.24
9
61
70

No employees received emoluments in excess of £60,000.

During the year the total employee benefits of Key Management Personnel were £78,111 (£71,709).

Page 20

continued...

Bollington Health & Leisure

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Leisure centre
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Leisure centre
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
4,345
861,377
20,195
9,413
895,330
10,594
830,377
840,971
54,359
304,140
358,499		 Restricted
funds
£
50,737
-
-
-
50,737
-
50,737
50,737
-
-
-		 Total
funds
£
55,082
861,377
20,195
9,413
946,067
10,594
881,114
891,708
54,359
304,140
358,499

13. PRIOR YEAR ADJUSTMENT

A prior period adjustment has been made to reflect the substance of the charitable company's agreement with the provider of the leisure centre's gym provision. As a result of the adjustment, income and expenditure in the comparative figures have both been reduced by £229,517.

In addition, some items of income and expenditure have been recategorised between headings on the Statement of Financial Activities in accordance with the requirements of the applicable Charities SORP.

This has resulted in £17,830 reception income being recategorised from Charitable activity income to Other trading activities and £2,414 advertising costs from Charitable activity costs to Costs of raising funds.

The above adjustments have no effect on net reserves brought forward or carried forward or any balance sheet items.

Page 21

continued...

Bollington Health & Leisure

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

14. TANGIBLE FIXED ASSETS

COST
At 1 July 2024 and 30 June 2025
NET BOOK VALUE
At 30 June 2025
At 30 June 2024		 Freehold
land and
property
£
22,549
22,549
22,549

The land originally leased by Bollington Health & Leisure from Cheshire East Council has been leased from Cheshire East Borough Council to Bollington Town Council, who have therefore become the charity's landlord with effect from 27 April 2017. Bollington Town Council have determined not to impose any ground rent for the lease of Bollington Leisure Centre. The lease term is due to expire in 2033. The Leisure Centre building, constructed on this site, comprises facilities for swimming, squash, fitness and other sporting, health and social activities. The building is owned by the charity. All building costs have been fully depreciated.

15.
STOCKS
Stocks
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accruals and deferred income
Deferred income
Deferred income b/fwd from prior year
Amounts released in year
Amounts deferred in year
Deferred income c/fwd to next year		 30.6.25
£
2,840
30.6.25
£
9,664
2,205
21,903
33,772
30.6.25
£
10,545
4,109
106,811
121,465
30.06.25
£
91,077
(91,077)
64,087
64,087		 30.6.24
£
3,081
30.6.24
£
7,780
59,705
20,013
87,498
30.6.24
£
50,317
4,273
126,129
180,719
30.06.24
£
106,452

(16,310)
935
91,077

Deferred income relates to amounts received in the current year which relate to gym and swimming services provided to members in the next financial year.

Page 22

continued...

Bollington Health & Leisure

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

18. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 30.6.25
£
3,703
6,377
10,080		 30.6.24
£
-
-
-

Total lease payments recognise in expenses in the year were £3,829 (2024: £4,678).

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Hip & Happening
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Meet, Move & Improve
Hip & Happening
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.7.24
£
358,499
-
358,499
Incoming
resources
£
929,662
1,125
3,409
4,534
934,196
At 1.7.23
£
304,140
304,140		 Net
movement
in funds
£
66,339
919
67,258
Resources
expended
£
(863,323)
(1,125)
(2,490)
(3,615)
(866,938)
Net
movement
in funds
£
54,359
54,359		 At
30.6.25
£
424,838
919
425,757
Movement
in funds
£
66,339
-
919
919
67,258
At
30.6.24
£
358,499
358,499

Page 23

continued...

Bollington Health & Leisure

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

19. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Solar Panels
Pool Cover
TOTAL FUNDS		 Incoming
resources
£
895,330
40,737
10,000
50,737
946,067		 Resources
expended
£
(840,971)
(40,737)
(10,000)
(50,737)
(891,708)		 Movement
in funds
£
54,359
-
-
-
54,359

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Hip & Happening
TOTAL FUNDS		 At 1.7.23
£
304,140
-
304,140		 Net
movement
in funds
£
120,698
919
121,617		 At
30.6.25
£
424,838
919
425,757

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
1,824,992
(1,704,294)
Restricted funds
Solar Panels
40,737
(40,737)
Pool Cover
10,000
(10,000)
Meet, Move & Improve
1,125
(1,125)
Hip & Happening
3,409
(2,490)
55,271
(54,352)
TOTAL FUNDS
1,880,263
(1,758,646)		 Movement
in funds
£
120,698
-
-
-
919
919
121,617

Restricted funds

Pool cover

The fund of £10,000 was a grant given by Sport England as a contribution to a Pool cover, which was received and spent in full in the prior year.

Page 24

continued...

Bollington Health & Leisure

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

19. MOVEMENT IN FUNDS - continued

Solar panel

The fund of £40,737 was a grant given by Sport England and spent on Solar panels to heat the swimming pool. This grant was received and spent in full in the prior year.

Meet, Move & Improve

This fund relates to activities undertaken on behalf of the Stroke Group, with funding secured during the year from Tesco Stronger Starts.

Hip & Happening

Funding was secured from Sport England during the year to be spent on Hip & Happening strengthening classes.

20. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a defined contribution scheme for the benefit of its employees. Funds of the scheme are independently administered.

The total employer pension contributions paid to the scheme in the financial year were £7,745 (2024: £7,025).

21. RELATED PARTY DISCLOSURES

During the year, close family members to Key Management Personnel were employed by the charity at a cost of £5,794 (2024: £6,572).

Payments relating to grounds maintenance for £1,465 (2024: £1,625) were paid to a business controlled by trustee Mr C J Thompson. Mr C J Thompson resigned as a trustee on 12th May 2025.

During the year, the charity received aggregate donations without restrictions from trustees of £1,000 (2024: £1,000).

22. LIABILITY OF MEMBERS

The liability of members is limited by guarantee.

Under clause 3 of the Articles of Association all members undertake to contribute to the assets of the Charitable Company such an amount as may be required, not exceeding £10, in the event of it being wound up during the period of membership or within one year after ceasing to be a member.

Page 25

Bollington Health & Leisure

Detailed Statement of Financial Activities for the Year Ended 30 June 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Fundraising events
Reception income
Investment income
Deposit account interest
Charitable activities
Swimming income
Gym income
Membership income
Other income
Total incoming resources
EXPENDITURE
Raising funds
Purchases for resale
Advertising
Charitable activities
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Sundries
Leisure centre purchases
Repairs and maintenance
Comp. software and maintenance
Project costs - restricted
Instructors fees
Legal and professional fees
Bank charges
Carried forward		 30.6.25
£
2,832
6,534
9,366
620
16,056
16,676
15,098
570,086
197,316
51,625
74,029
893,056
934,196
10,700
2,104
12,804
503,603
20,605
7,745
12,806
19,311
66,489
2,257
47,387
51,731
30,766
-
26,635
8,255
257
797,847		 30.6.24
£
3,345
51,737
55,082
2,325
17,870
20,195
9,413
606,802
146,347
35,634
72,594
861,377
946,067
8,180
2,414
10,594
462,423
19,405
7,025
12,466
17,847
70,562
4,131
54,487
72,727
30,903
50,737
24,705
4,088
181
831,687

This page does not form part of the statutory financial statements

Page 26

Bollington Health & Leisure

Detailed Statement of Financial Activities for the Year Ended 30 June 2025

Charitable activities
Brought forward
Credit card charges
Project costs-Unrestricted
Staff costs
Support costs
Other
Telephone
Postage and stationery
Travelling
Governance costs
Auditors' remuneration
DBS checks
Total resources expended
Net income		 30.6.25
£
797,847
9,877
25,862
4,996
838,582
1,472
4,107
148
5,727
8,820
1,005
9,825
866,938
67,258		 30.6.24
£
831,687
8,749
23,671
3,989
868,096
1,662
4,349
153
6,164
6,800
54
6,854
891,708
54,359

This page does not form part of the statutory financial statements

Page 27