2023-03-31-accounts

		Page
Trustees report		1 —8
Statement of	Trustees responsibilities
Independent	auditoVs report	10-12
Statement of	financiat activifies	13-14
Consolidated	balance sheet
Company balance sheet
Consolidated	statement ofcash flows	17
Notes to the	financial statements	18-37

				Defined
				Benefit
				Pension
			Unrestricted	Unrestricted	Restricted	Total	Total
		Notes	funds	Funds	funds	2023	2022
				6	2	6	f.
Income from:
Other trading adivities
Commercial trading			445,485			445,485	368,347
Donations and grants			44,899			44,890	333,904
Value ofnet assets acquired DST	in		(63,447)		2,132,492	2,0tfil,045
Charitable activities
Leisure income			4,688,756			4,688,756	3,196,757
Funding income			57,040			57,040	73,440
Total income			5.172,733		2,132,492	7,305,225	3,972,448
income from ATacfiMies			5,236,160			5,236,180	3,972,44
Value ofassets acquimd on			(63,447)		2,132,492	2,069,045
nsoiidaiion
Total income			5,172,733		2,132,402	7,305,225	3,972,
Expenditure from:
Other expenditure Commercial trading		3	118,695			118,$95	115,905
Charitable activities
Operation ofleisure snd recreation sites		7	5,308,746	143,000	120,707	5,572,453	3,760,410
Total expenditure			5,427,441	143,000	120,707	5,$91,148	3,876,315
Net expenditure for the year/ Net incoming resources			(254,706)	(143,000)	2,011,785	1,$14,070	96,133
efin coming/(outgoing) soumes from A7activities			(191,259)	(143,000)	(120,707)	(454,966)	96,13
Value ofassets acquired on			(63,447)		2,132,402	2,069,045
consolidation
Nef incomfngf(outgoing)			(254,706)	(143,000)	2,011,785	1,614,079	96,13
Other recognised gains and
Actuarial (loss)/gain on defined benefit pension schemes				1,065,000		1,OSS,OOO	724 o00
Net movement In funds			(254,706)	922,000	2,011,785	2,$79,079	820,133

Fund	balances	at 1 April 2022	21	(602,637)	(900,000)		(1,502,637)	(2,322,770)
Fund 2023	balances	at 31 March	21	(857,343)	22,000	2,011,785	1,176,442	(1,502,637)

						2023		2022
				Notes	8	8	6
Fixed assets
Tangible assets						4,638,252		2,104,564
Current assets
Stocks				13	22,718		11,987
Debtors				14	355,237		114,681
Cash at bank and in hand					214,025		372,011
					591,980		498,679
Creditors: amounts	falling due		within
one year				17	(1,771,799)		(1,291,846)
Net cunent liabilities						(1,179,819)		(793,167)
Total assets less current		gabfiitles				3,458,433		1,311,397
Creditors: amounts	falling due		after
more than one year				18		(1,872,424)		(1,914,034)
Provision for liabilities				20		(431,567)
Net (liabifitles)/assets pension gabigty	excluding					1,154,442		(602,637)
Defined benefit pension surplus/(deficlt)				22		22,000		(900,000)
Net assets/(liabilities)						1,176,442		(1,502,637)
income funds
Unrestricted funds:
General unrestricted		funds			(1,128,604)		(602,637)
Pension reserve					22,000		(900,000)
Designated fund	—revenue		reserve		208,500
XCRepairs fund					62,761
Restricted funds					2,011,785
						1,176,442		(1,502,637)
						1,176,442		(1,502,637)

				2023			2022
			Notes	5		5
Fixed assets
Investments			13
Current assets
Debtors			15	190,752		248,752
				190,752		248,752
Creditors: amounts		falling due within
one year			18
Net current assets					190,751			248,751
Total assets	less current liabilities				190,752			248,752
Net assets					190,752			248,752
Income funds
Unrestricted	funds				190,752			248,752
					190,752			248,752

					2023	2022
				Notes	6	6
Cash flows from operating			activities
Cash generated from opsrakons				28	2,536,175		670,985
Cash acquired from DST				30	312,885
Interest paid					(64,138)		(93,464)
Net cash generated by operating
activities					2,784,922		577,521
Investing activities
Purchase oftangible fixed	assets				(55,218)	(43,008)
Tangible fixed assets acquired from DST					(2,920,056)
Net cash used in investing			activities		(2,975,274)		(43,008)
Financing activities
Bank loans acquired from	DST				321,633
Finance leases acquired from			DST		8,791
Repayment ofborrowings					(19,247)	(17,197)
Repayment ofbank loans					(211,893)	(152,454)
Payment ofobligations under			finance leases		(66,918)	(72,937)
Net cash (used In)/generated financing acthrities			from		32,366		(242,588)
Net (decrease)/increase equivalents	in	cash and		cash	(157,986)		291,925
Cash and cash equivalents		at beginning		ofyear	372,011		80,086
Cash and cash equivalents			stend ofyear		214,025		372,011
Relating to:
Cash at bank and in hand					214,025		372,011
Bank overdrafts induded	in	creditors
payabls within one year

				2023f	2022 E
Turnover	and other operating income			445,485	368,347
Cost ofsales and administration costs				(118,695)	(115,905)
Donations	to Group companies —eliminated	on	consolidation	(333,490)	(263,482)
Donations	from Group companies —eliminated		on consolidation	6,700	11,040

		Leisure aeavnles	Management fees	Total 2023	Lolslllo setlvmos	Managolllolit fees	Tetst 2022
		2023	2023		2022	2022
		f	f	f	f	f	f
Charitable	activiTies	4,688,756	57,040	4,745,796	3,196,757	73,440	3,270,197

Charitable activities
	Direct Costs	Support Costs	Total	Direct Costs	Support Costs	Total
	2023 f	2023 f	2023	2022f	2022f	2022f
Staff costs	2,211,758		2,211,758	1,329,913		1,329,913
Depreciation		441,585	441,585		262,552	262,552
Overheads	89,362	2,515,350	2,604,712	63,652	1,789,017	1,852,669
Lease Charges		1,966	1,966		1,574	1,574
Other Loan Intsmst		11,241	11,241		24,018	24,018
Bank Charges		50,931	50,931		68,207	68,207
Legal and Professional		49,933	49,933		4,750	4,750
Definsd Benefit Pension
Costs		143,000	143,000		151,000	151,000
Consultancy		20,087	20,087		49,727	49,727
Governance costs
Auditors Remuneration		37,250	37,250		16,000	16,000
	2,301,120	3.271,333	5,572,453	1,393,565	2,366,845	3,760,410

Number ofemployee	s
The average monthly	number ofemployees	during the year was:
			2023	2022
			Number	Number
Leisure activities			126	85
Employment costs			2023f	2022f
Wages and salaries			2,014,545	1,203,475
Social security costs			121,693	75,468
Other pension costs			75,520	50,970
			2,211,758	1,329913

The number ofemployees	whose annual	remuneration	was f60,000or more were:
				2023	2022
				Number	Number
f90,001 -f100,000				1	1

12	Fixed asset investments	Fixed asset investments
	Company		Shares	in
			group
			undertakings
				8
	Cost
	At 1 April	2022 and 31 March 2023
	Carrying	amount
	At 31 March 2023			1

Company		Registered offfce	Class	Shares held	Shares held
					14
Subsidiary Absolutely Absolutely Decorum	undertakings Leisure Together Trading Sports Trust	a) .a) a)	Limited by guarantee Ordinary Limited by guarantee	Direct 100.00 100.00 100.00	Indirect

Creditors: amounts	falling due within one y	ear
				Group	Company
			2023	2022	2023	2022
		Notes	8	8	6	6
Bank loans and overdrafts		16	252,971	156,719
Obligations under finance leases		17	47,744	61,898
Other borrowings		16	8,625	19,247
Other taxation and social security			81,360	25,784
Accruals and Deferred income			719,108	487,535
Trade creditors			569,313	444,340
Amounts owed to fefiow group undertakings
Other creditors			92,678	96,323
			1,771,799	1,291,846
Creditors: amounts	falling due after more than one year
				Group	Company
			2023	2022	2023	2022
		Notes	6	6	6	6
Bank loans and overdrafts		16	1,615,71e	1,602,230
Obligations under finance leases		17	42,539	86,512
Other borrowings		16		8,625
Other creditors			214,167	216,667
			1,872,424	1,914,034

				Group	Company
			2023	2022	2023	2022
			8	8	8	6
Balance	brought forward		206,972	136,800
Amounts	released	to income	(206,972)	(136,800)
Amounts	deferred	in the year	308,047	206,972
			308,047	206,972

Funds Group
	At 1 April 2022	Income	Expenditure	Transfer and other gains	At 31fdarch 2023
	8			8	8
UNRESTRCITED FUNDS
General fund	(602,637)	3,548,472	(4,074,441)		(1,128,604)
Pension fund	(900,000)	1,353,000	(1,496,000)	1,065,000	22,000
R&R Fund(XC)		62,761			62,761
Designated fund —revenue
reserve		208,500			208,500
RESTRICTED FUNDS
Restricted income fund		2,132,492	(120,707)		2,011,785
TOTAL FUNDS	(1,502,637)	7,305,225	(5,691,148)	1,065,000	1,176,442
Company	At 1 April 2022	Income	Expenditure	Transfer and other gains	At 31glarch 2023
UNRESTRCITED FUNDS
General fund	248,752		(58,000)		190,752
TOTALFUNDS	248,752		(58,000)		190,752

21	Funds (continued)
	Group	At 1 April 2021	Income	Expenditure	Transfer and other gains	At 31 March 2022
					6
	UNRESTRCITED FUNDS
	General fund	(849,770)	3,169,408	(2,922,275)		(602,637)
	Pension fund	(1,473,000)	792,000	(943,000)	724,000	(900,000)
	TOTAL FUNDS	(2,322,770)	3,961,408	(3,865,275)	724,000	(1,502,637)
	Company	At 1 April 2021	Income	Expenditure	Transfer and other gains	At 31 March 2022
	UNRESTRCITED FUNDS
	General fund	317,140		(68,388)		248,752
	TOTAL FUNDS	317,140		(68,388)		248,752

Key assumptio	ns
				2023	2022
					V»
Discount rate				4.80	2.55
Expected rate	ofincrease ofpensions		in payment	2.90	3.05
Expected rate	ofsalary increases			2.50	2.00
Mortality assumptions
The assumed	life expectations	on retirement st age 65are:

The ass	umed life expectations on retirement st age 6	5are:
		2023	2022
		Years	Years
Retiring -Males	today	21.1	21.3
-Females		23.9	24.0
Retiring	in 20years
-Males		22.3	22.6
-Females		25.3	25.4

Amounts recognised in the profit an	d lo	ss account:
			2023f	2022f
Current service cost			164,000	161,000
Net interest on defined benefit lisbfiity/(asset)			23,000	30,000
Other costs and income			1,000	1,000
Total costs			188,000	192,000
Amounts taken to other comprehensive		income:
			2023 6	2022f
Actual return on scheme assets			165,000	(182,000)
Less: calculated interest element			39,000	27,000
Return on scheme assets excluding	interest income		204,000	(155,000)
Actuarial changes related to obligations			(1,269,000)	(569,000)

The amounts included in ths balance sheet arising from obligabons	in respect of delined	benefit	plans are as
follows:
		2023	2022
		6	6
Present value ofdefined benefit obligations	1,371,000		2,433,000
Fair value of plan assets	(1,393,000)		(1,533,000)
Deficit in scheme	(22,000)		900,000
Movements in the present value ofdefined benefit obligations:
			2023f
Liabilities at 1 April 2022			2,433,000
Current service cost			164,000
Benefits paid			(50,000)
Contributions from scheme members			31,000
Actuarial gains and losses			(1,269,000)
Interest cost			62,000
At 31 March 2023			1,371,000

Movements in the fair value of pl	an assets:
					2023f
Fair value ofassets at 1 April 2022					1,533,000
Interestincome					39,000
Return on plan assets (excluding	amounts	included	in net interest)		(204,000)
Benefits paid					(50,000)
Contributions by the employer					45,000
Contributions by scheme members					31,000
Other					(1,000)
At 31 March 2023					1,393,000
The fair value ofplan assets at the reporting		period	end was as follows:
				2023f	2022f
Equity instruments				874,000	951,000
Debt instruments				202,000	248,000
Property				176,000	183,000
Cash				21,000	32,000
Target ratio portfolio					5,000
Infrastructure				192,000	188,000
Longevity insurance				(72,000)	(74,000)
				1393000	1533000

Analysis ofnet assets between funds Group
		Unrestricted	Restdcted	Total	Total
		funds	funds
		2023 f	2023 f	2023f	2022 F
Fund balances at 31 March 2023are represented	by:
Tangible assets		2,626,467	2,011,785	4,638,252	2,104,564
Current assets/(liabilities)		(1,179,819)		(1,179,819)	(793,167)
Long term liabilities		(1,872,424)		(1,872,424)	(1,g14,034)
Provisions and pensions		(409,567)		(409 567)	(900,000)
		(835,343)	2,011,785	1,176,442	(1,502,637)

Analysis ofnet assets between funds (continu Company	ed)
		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		f	6
Fund balances at 31 March 2023are represented	by:
Investmsnts			1
Current assets/(liabilities)		190,751	248,751
Long term liabilities
Provisions and pensions
		190,752	248,751

		Group	Company
	2023	2022	2023	2022
	5	6	5	5
Within one year	536,982	511,242
Between two and fiv years	2,061,698	2,302,914
In over five years	117,991	350,710
	2,716,671	3,164,866

27	Financial instruments	Financial instruments
	The carrying value ofthe Group's financial				instruments	sre as follows:
							2023	2022
							6	6
	Financial assets
	Debt instruments measured			at amortissd	cost:
	-Trade debtors						7,752	862
	-Other debtors						153,649
							161,401	862
	Financial liabilities
	Measured at amortissd		cost
	-Bank loans and overdralts						1,868,689	1,758,949
	-Trade creditors						569,313	444,340
	-Finance leases						90,283	148,410
	-Other creditors						92,678	96,323
							2,621,063	2,448,022
28	Cash generated from		operations				2023 8	2022 6
	Surplus for the year						2,679,079	820,133
	Adjustmsnts for:
	Depreciation and impairment			oftangible fixsd assets			441,585	262,552
	DifFerence between	pension		charge and cash contributions			(922,000)	(573,000)
	Provisions						431,567
	Interest paid						64,138	93,464
	Movements in working		capital:
	(Increase) in stocks						(10,731)	(5,747)
	(Increase)IDecrease	in debtors					(533,443)	68,428
	Increase in creditors						405,980	5,155
	Cash generated from		operations				2,536,175	670,985

Analysis of	chan	ges In net (debt)
			At 1April 2322	Cosh Bows	Business oomhlnslloo	Nsw loons	Al31Mwoh 2S23
					6	6	6
Cash at bank and		in hand	372,011	(470,871)	312,885		214,025
			372,011	(470,871)	312,885		214,025
Loans falling	due	within ons year	(175,966)	27,122	(321,633)		(470,477)
Loans falling	due	aRsr more than one year	(1,610,855)	204,018			(1,406,837)
Obligations	under	finance leases	(148,410)	66,918	(8,791)		(90,283)
			(1,563,220)	(172,813)	(17,539)		(1,753,572)

The net asset acquired as at 01 October 2022 are as follows:
	2023	2022
	6	6
Fixed assets
Tangible assets	2,920,056
Current assets
Stock	10,767
Other debtors	137,000
Prepayments and accrued income	128,523
Cash at bank and in hand	312,885
Creditors: amount fsging due within one year
Bank loans and overdrags	(112,752)
Obligations under finance leases	(8,791)
Other taxation and social security	(43,365)
Accruals and Deferred income	(344,816)
Trade creditors	(172,812)
Other creditors	(24,003)
Creditors: amount falling due after more than one year
Bank loans and overdralts	(208,880)
Other creditors	(56,250)
Provisions for liabilities	(468,517)
	2,069,045