2025-03-31-accounts

Charity Registration No. 1152093

Company Registration No. 08466394 (England and Wales)

ABSOLUTELY TOGETHER

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

ABSOLUTELY TOGETHER

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J H Gillan D V Gregory J E Blackburn Key management personnel G Sinclair (Chief Executive – Absolutely Leisure) Charity number 1152093 Company number 08466394 Registered office The Arena Stafferton Way Maidenhead Berkshire SL6 1AY

Auditor Azets Audit Services Gladstone House 77-79 High Street Egham Surrey TW20 9HY

ABSOLUTELY TOGETHER

CONTENTS

	Page
Trustees report	1 – 8
Statement of Trustees responsibilities	9
Independent auditor's report	10 – 12
Statement of financial activities	13 -15
Consolidated balance sheet	16 - 17
Company balance sheet	18
Consolidated statement of cash flows	19
Notes to the financial statements	20 - 39

ABSOLUTELY TOGETHER

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

Chair's Report

This report covers a period of April 2024 to March 2025.

Absolutely Together is the ‘umbrella’ charity that owns the operating charities – Absolutely Leisure and Dacorum Sports Trust. During the year, I am delighted to report, we achieved our primary target by delivering over 50,000 Smile activities for children with additional needs and their families. We now run regular programmes at each of our eight venues and work with leisure partners across the community to increase access for our beneficiaries. Activities were provided across Bristol, Buckinghamshire, Berkshire and Hertfordshire, positively impacting the lives of those who need them most in these communities.

During the year the charity continued to develop its business operations and to grow on what was a very positive previous year. The economic environment continued to be problematic for all businesses, and charities especially. The annual increase in the National Minimum Wage continues to severely impact the charity, and while the Government’s intention is laudable, it does add a huge strain to the finances of the charity.

I am pleased to state that the charity is robust enough to weather these various external pressures and continues to provide invaluable activities for children with additional needs, and their families. We continue to expand our programmes and our ambitions and in the coming year are aiming for to increase our reach by providing 60,000 Smile activities in the communities we serve.

In the coming year, we will broaden our work into surrounding communities, while continuing to focus permanently on children with additional needs. Our aim is to embed Absolutely more deeply within every community we work in, working with partners, and ensuring we keep putting smiles on faces.

I, and my fellow Trustees, would like to thank the staff of the Charity, our stakeholders and of course our customers, for supporting Absolutely Leisure and making our work possible.

Jennifer Blackburn

Chair

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ABSOLUTELY TOGETHER

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and financial statements for the year ended 31 March 2025.

The Trustees confirm that they comply with the requirements of the Charities Act 2011, as amended by the Companies Act 2006, the Memorandum and Articles of Association and the Charities Statement of recommended Practice (SORP) 2019.

Objectives and activities

Absolutely Leisure and Dacorum Sports Trust are wholly owned charities that exist to provide or assist in the provision of facilities and services for recreational or other leisure time occupation in the interests of social welfare. Such facilities being provided to the public at large save that special facilities may be provided for persons who by reason of their youth, age, infirmity or disability, poverty or social or economic circumstances may have need of special facilities and services.

Additionally, the Group aims to promote and preserve good health through community participation in healthy recreation and / or such other charitable purposes beneficial to the community consistent with the objects of the charity.

How our activities deliver public benefit

The Board Members confirm that they have complied with the duty in Section 17(5) of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit.

The Board have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Board Members consider how planned activities will contribute to the aims and objectives they have set. The Group and Charity is committed to the on-going improvement of the community sport, leisure and culture in the areas which it operates. The Group and Charity will achieve this through well operated facilities that adapt to the changing needs of the community it serves. The Group recognises that any services it operates must provide good quality, inclusive, accessible, affordable sport, leisure and cultural activities that improve overall health and wellbeing. The Group and Charity works closely with all of its partners to ensure it meets all of its objectives for the community.

Setting of pay

The People Development Scheme is a company policy that endorses all pay rate levels across Absolutely Together (AT), Dacorum Sports trust (DST) and Absolutely Leisure (AL). All Boards approve any pay rises on an annual basis and these are then confirmed within the policy.

The pay of the Chief Executive is set in line with a historical survey of similar sized and complex organisations in the wider Third Sector, as well as in regard to the skills and experience of the post-holder. The Chief Executive sets the pay for his immediate team, based on the framework detailed within the Charity’s People Development Scheme, and again with reference to the skills and experience of the post-holders.

Structure, governance, and management

Governing document

The Charitable Company is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new Trustees

New trustees are invited to attend and observe at least 2 Board Meetings before confirming their acceptance to become a trustee. During the year the Board completed skills audit to help inform trustee recruitment. This identified the need for legal experience among new trustees’ skillsets.

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ABSOLUTELY TOGETHER

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Board members induction and training

All new members joining the Board received a full induction that is aimed at training them in their statutory responsibilities under Charity and company law. This induction is reviewed regularly to ensure that it is up to date with any relevant changes. The induction will normally include:

• meeting with the Chairman of the Board of Management and the Chief Executive;

• a tour of leisure centre and head office facility;

• receiving copies of the rules;

• receiving copies of business strategy documents; and

• receiving copies of corporate policies and documents.

Organisation structure & how decision are made

The Board of Trustees are also Directors of the parent company Absolutely Together and the wholly owned limited company and subsidiary Absolutely Together Trading. Where a taxable profit is made by the subsidiary this is gifted to the Charity. The Board met online for formal meetings 6 times during the year to oversee the management and administration of the Charity, and to receive regular updates on various aspects of the Charity’s activities from the Management Team.

The Management Team, led by the Chief Executive, meet weekly to review the overall performance of the Charity, and to plan and implement necessary actions. The Management Team includes Operations, Finance, People Management, Health and Safety and Business Development functions. A quarterly meeting is held with the wider management team to discuss and plan future activities. Two junior managers are invited to attend each quarterly meeting to gain a better insight into the Charity and its management.

The members of the Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

J H Gillan D V Gregory J E Blackburn

Investment in subsidiary company

The Charity is the sole member of Absolutely Leisure Limited (AL) and Dacorum Sports Trust (DST). It also owns 100% of the ordinary share capital of Absolutely Together Trading Limited (ATT).

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ABSOLUTELY TOGETHER

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

STRATEGIC REPORT

Achievements and performance

The Group is very proud to have weathered the unprecedented turbulence of the last 4 years. And although these turbulent times look set to continue, the Charity is in a stronger and more resilient place than it was 4 years ago.

During the last year the Group met its target to provide over 50,000 Smile activities to the communities it works with. We now provide regular school curriculum activities to 9 SEN schools.

Staff retention is among the highest in our sector and staff report a feeling a positive engagement in the work of the charity.

The merger with DST in 2022 continues to provide additional stability to the Group as well as increasing our reach to a new community.

Throughout the year the Charity stayed within its financial obligations to the Natwest and it is pleasing that a surplus has been achieved for the financial year.

The Charity receives no local authority or government funding and relies on grants and donations to support its programmes. Without this support, the Charity would not be able to deliver the breadth and scale of activities to its beneficiaries. During last year the Charity received grants and donations totalling nearly £35,000 including a 1 off donation of £10,000 from an individual donor.

Financial Review

Trustees are pleased to report that Absolutely Leisure has made a surplus for the fourth year in succession and DST has made a surplus for the second successive year.

Cash flow within the Group remains well managed, and although there are dips in cash flow throughout certain points, the Charity has not needed to use its overdraft facility.

A significant challenge throughout 2024/5 was the impact of the National Minimum Wage. The Charity was able to award all staff not receiving minimum wage increases, an annual increase in pay of 4%. Whilst this was below inflation staff were understanding and grateful for the increase.

Financial management

The executive management team prepare the annual operational budget for the Group and Charity and this is approved by the board of management prior to the commencement of the financial year.

The board of management receive reports on the financial performance of the Group and Charity.

These reports include an income and expenditure statement, balance sheet and cash flow, which are compared to budget and last year for the month and year to date.

All funds are generated through receipts from customers or from contractual deficit funding provided by our local authority partners. The majority of funds are spent on staffing, utilities and facility/equipment maintenance and improvement. Expenditure of these funds supports the key community objectives of the Group and Charity and the continued investment in improved services and facilities for the community.

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ABSOLUTELY TOGETHER

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

The Trustees have committed to growing the reach of the Charity and to delivering the programmes of Absolutely Together in every community that the Charity works in. Additionally, the Trustees want to continue to offer ‘enabling support’ to complementary community groups and charities using our venues.

In April of this year the Board approved a revised set of outline strategic objectives for the Charity for the next 5 years.

These include:

• Growth of our Smile programmes to neighbouring communities

• Further development of our Work Placement / Experience programmes and extend our target beneficiaries to include young adults with additional needs

• Greater partnering with leisure providers to support our Smiles programmes

• Retain key contracts and leases

• Redevelop Maidenhead and XC venues

• Dispose of car park land at Maidenhead

Post year end the charity confirmed the closure of its loss making Our Gym, at the end of November this year. A smaller gym will be relocated to the XC, but some redundancies will sadly be unavoidable.

Key to the future success of DST will be to positively engage with the Council at all levels, to retain its lease to manage Little Hay Golf Complex, and to redevelop the XC to make it more appealing to a wider audience.

Reserves policy

The Board has an aspiration to increase its reserves to a level of £250,000 over the next 4 years, whilst recognising that during these extraordinarily turbulent times maintaining a consistent reserve will be challenging.

Pension Costs

Trustees are aware of the pension information required to be included in the statutory accounts. The pension referred to is a Local Government Pension Scheme (LGPS) for a total of 8 employees who have previously been transferred from the local authority. The scheme is underwritten by HM Government.

Trustees understand that the calculations required to be used for statutory purposes are notional and represent only one view of the pension fund, as directed by the FSA. In contrast the latest actuarial review from the Fund Managers appointed actuary, Barnet Waddingham, shows an alternative position - the fund is in surplus and employers’ contribution for the next 3 years are static

Risk Management

The members of the Board have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Board members confirm that the major risks to the Charity have been reviewed and that systems or procedures have been established to manage those risks. The Board of Trustees reviews and updates the Risk Register at every Board Meeting and management work to mitigate risks identified. Of the most recent emerging risk, the impact of the National Minimum Wage continues to be a focus of Management, looking at ways to work differently to absorb these significant costs within the normal operating costs.

Qualifying third party indemnity provisions

The Charitable Company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

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ABSOLUTELY TOGETHER

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Public Benefit Statement

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives, and in planning future activities. Families who have children with additional needs continue to find access to local leisure facilities challenging, which often leads to social isolation. Absolutely Together programmes address this by providing free leisure opportunities for these families, both through the use of Absolutely Leisure and Dacorum Sports Trust facilities and through vouchers for free access to activities with our local leisure partners.

We now support families across Berkshire, Buckinghamshire, Hertfordshire and Bristol, with programmes running at each of our eight venues as well as with carefully selected community partners. This enables us to offer a wideranging programme that meets the needs of the families we serve.

During the year, we delivered over 50,000 Smiles to families with children who have additional needs—helping to reduce social isolation, improve mental wellbeing, and provide much-needed opportunities to enjoy time together. Activities included ten-pin bowling, karting, climbing, swimming, theatre visits, cinema trips, gym use, and disc golf. We also expanded the programme to include theme park visits, farm parks and trampoline sessions, enabling us to reach even more families who are desperately in need of support.

Together Karting

We now operate our Together Karting programme across our tracks in Bristol and Maidenhead, with five specially adapted twin-seat karts shared between the two sites. These karts give children the unique opportunity to experience karting alongside members of their family, creating memories that will last a lifetime. Activities take place during dedicated weekday and weekend sessions – every week.

Over the last year, the programme has expanded significantly, now encompassing six local SEN schools and providing five hours of peak-time community use each week. We have also widened our support to include free activities for charities working with children with additional needs, such as Berkshire Vision and Buckinghamshire Vision, giving children with limited vision the unique chance to experience karting in a safe and supportive environment.

Teachers regularly share how valuable the programme is for their pupils. One teacher explained: "Our students look forward to these sessions each week, and the benefits have been clear to see. They return to school more confident, more engaged, and with a real sense of achievement from trying something new. The programme has become an important part of their development and wellbeing."

Usage of the programme increased significantly during the last 12 months, and we will continue to look for further opportunities to extend its reach in the year ahead.

The impact is best shown in the comments received:

“We were lucky enough to receive tickets from Absolutely Together, we were able to visit bowling, go karting and the goat farm. Firstly, we are very grateful to have had the chance to get this experience. Secondly as a family with a child with disabilities it’s difficult on its own, days out are very few and far and between, based on the fact of disabilities but also the fact I am on a low income so it makes it extra difficult. I applied through Absolutely Together and was given the chance to have these days out with my family, we absolutely loved every single thing, nothing was a problem, my children loved it and we all had the best time as a family.

I would recommend this company to anyone they really really helped us and made us have the days out we wouldn't usually have.”

“We were very grateful to receive Odeon cinema tickets. My son, who has autism, has previously found the cinema overwhelming but was keen to see Despicable Me 4, so was willing to give it a try. We are cautious about paying for the family to go, in the event we don't make it in or through the film. Despite being a working family, we do struggle to fund outings or have to opt for only 1 parent going to keep costs down. My son had a great time and with both parents there, it felt like amazing family time with low stress. Very grateful for the opportunity we have been provided by Absolutely Together.”

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ABSOLUTELY TOGETHER

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1,000s of Smiles

Although we did not receive specific grant funding towards the 1,000s of Smiles programme this year, we have been able to keep it running through our own fundraising initiatives and the generous support of local corporate partners, including SEGRO.

The highlight of the programme came during the Christmas period, which can be an especially difficult and isolating time for families of children with additional needs. Thanks to our partnerships with the Ambassador Theatre Group and others, we were able to send 600 families to a Christmas show or pantomime at no cost to them. For many of these families, such experiences would not have been possible without our support, and the feedback we received reflected the joy and sense of inclusion these outings provided.

An increasing number of families are telling us that they find access to leisure activities restricted, with 82% of families we engage with reporting challenges. Encouragingly, our programmes are now receiving more positive feedback than ever before: 97% of participants in the 1,000s of Smiles programme say it has improved their families’ access to leisure, and 90% report an improvement in their overall wellbeing as a result.

The 1,000s of Smiles programme continues to play a vital role in breaking down barriers for families of children with additional needs, offering moments of happiness and connection at times when they are needed most.

Work Experience

This year we have expanded our programmes to include dedicated work experience opportunities, taking on five interns with additional needs across the charity. These young people have each spent three days a week working within an Absolutely Together site while continuing their studies at college. The programme has been delivered in partnership with the charity Ways Into Work and local further education colleges.

For many young people with Special Educational Needs (SEN), finding employment is one of the greatest challenges they face. Limited opportunities, a lack of tailored support, and the need for greater understanding from employers often result in barriers that prevent them from accessing the workplace. Our internship scheme is designed to break down these barriers by offering meaningful, structured work experience in a supportive environment, helping young people build confidence, develop practical skills, and prepare for future employment.

We are incredibly proud that at the end of this year’s 12-month programme, one of our interns has successfully secured employment within one of our facilities. This achievement demonstrates the real and lasting impact of the scheme, providing a pathway into work for young people with additional needs and showing what can be achieved when the right opportunities are made available.

Feedback from a teacher of a student involved in the programme is below-

“Albie has been attending work experience at Our Gym for almost 2 years. During this time he has built excellent relationships with the staff team, who have been hugely supportive and encouraging. It has been fabulous to watch Albie's confidence grow over this time and he is always excited to talk about the experiences and opportunities he has been given during his work day. I know he has particularly enjoyed leading exercise sessions and demonstrating how to use various gym equipment. The gym team have provided Albie with excellent role models to enable him to develop a strong work ethic and gain the skills he needs to be successful at college and in the work place."

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ABSOLUTELY TOGETHER

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Auditors

In accordance with the company’s articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the group will be put at a General Meeting.

This report has been prepared in accordance with the provisions applicable to companies entitled the small companies exemption.

ON BEHALF OF THE BOARD:

ender € Qroddoum

J E Blackburn Chair

Date: 10 December 2025

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ABSOLUTELY TOGETHER

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees, who are also the directors of Absolutely Together for the purpose of company law, are responsible for preparing the Trustees Report 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 which 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 year.

In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable it to ensure that the financial statements comply with the Companies Act 2006. It is 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the Trustees are aware, there is no relevant information of which the Charitable Company’s auditors are unaware. Additionally, the Trustees have taken all the steps that they ought to have taken as trustees in order to make them aware of any audit information and to establish that the Charitable Company’s auditors are aware of that information.

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ABSOLUTELY TOGETHER

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF ABSOLUTELY TOGETHER

Opinion

We have audited the financial statements of Absolutely Together (the ‘parent Charitable Company’) and its subsidiaries (the ‘Group’) for the year ended 31 March 2025 which comprise the consolidated statement of financial activities, consolidated balance sheet, company balance sheet, statement of cash flows and the 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

• In our opinion, the financial statements:

• give a true and fair view of the state of the Group’s and the parent charitable company's affairs as at 31 March 2025 and of the Group’s incoming resources and application of resources, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

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 Auditor's 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 auditor’s report thereon. Our opinion on the financial statements does not cover the other information and 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

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ABSOLUTELY TOGETHER

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF ABSOLUTELY TOGETHER

Opinions on other matters prescribed by the Companies Act 2006

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

• the information given in the trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the directors’ report included within the trustees’ report has been prepared in accordance with applicable legal requirements

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 directors’ report included within the trustees’ report.

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

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees’ remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit; or

• the Trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

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 purpose 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 Group’s and parent 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 Group and parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 an auditor's report 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.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

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ABSOLUTELY TOGETHER

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF ABSOLUTELY LEISURE

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

• Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

• Reviewing minutes of meetings of those charged with governance;

• Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection

• • Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

• Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and revieing accounting estimates for bias.

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 of not detecting a material misstatement arising from fraud is also higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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 and to the charitable company’s members in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 Our audit work has been undertaken so that we might state to the charitable company’s members and its trustees those matters we are required to state to them in an auditor’s 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 and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Creasey (Senior Statutory Auditor) for and on behalf of Azets Audit Services Chartered Accountants Statutory Auditor

17 10 December 2025 ......................... 17 December 2025 Gladstone House 77/79 High Street Egham Surrey TW20 9HY

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ABSOLUTELY TOGETHER

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Notes funds £ Income from: Other trading activities Commercial trading 3 858,806 Donations and grants 5 24,610 Charitable activities Leisure income 6 6,245,810 Funding income 6 55,440 Other income 518,050 Total income 7,702,716 Expenditure from: Other expenditure Commercial trading 3 287,633 Charitable activities Operation of leisure and recreation sites 7 6,746,889 Total expenditure 7,034,522 Net expenditure for the year/ Net incoming resources 668,194 Other recognised gains and losses Actuarial gain on defined benefit pension schemes - Revaluation of leasehold property 2,344,120 Net movement in funds 3,192,314 Fund balances at 1 April 2024 21 (565,750) Fund balances at 31 March 2025 21 2,446,564	Defined Benefit Pension Unrestricted Funds £ - - - - - - - 327,000 327,000 (327,000) 309,000 - (18,000) 18,000 -	Restricted Total funds 2025 £ £ - 858,806 - 24,610 - 6,245,810 - 55,440 - 518,050 - 7,702,716 - 287,633 241,414 7,315,303 241,414 7,602,936 (241,414) 99,780 - 309,000 - 2,344,120 (241,414) 2,752,900 1,770,371 1,222,621 1,528,957 3,975,521	Total 2024 £ 799,700 26,806 5,738,087 55.440 57,414
			6,677,447
			295,623 6,461,645
			6,757,268
			(79,821) 126,000
			46,179
			1,176.442
			1,222,621

All amounts derive from continuing activities.

All gains and losses for the year are included in the statement of financial activities.

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ABSOLUTELY TOGETHER

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Notes funds £ Income from: Other trading activities Commercial trading 3 799,700 Donations and grants 5 26,806 Value of net assets acquired in DST 5 - Charitable activities Leisure income 6 5,738,087 Funding income 6 55,440 Other income 57,414 Total income 6,677,447 Expenditure from: Other expenditure Commercial trading 3 295,623 Charitable activities Operation of leisure and recreation sites 7 6,090,231 Total expenditure 6,385,854 Net expenditure for the year/ Net incoming resources 291,593 Other recognised gains and losses Actuarial gain on defined benefit pension schemes - Net movement in funds 291,593	Defined Benefit Pension Unrestricted Funds £ - - - - - - - - 130,000 130,000 (130,000) 126,000 (4,000)	Restricted Total funds 2024 £ £ - 799,700 - 26,806 - - - 5,738,087 - 55,440 - 57,414	Restricted Total funds 2024 £ £ - 799,700 - 26,806 - - - 5,738,087 - 55,440 - 57,414
		-	6,677,447
		- 295,623 241,414 6,461,645
		241,414 6,757,268
		(241,414) (79,821) - 126,000 (241,414) 46,179

• 14 -

ABSOLUTELY TOGETHER

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Fund balances at 1 April 2023 21 Fund balances at 31 March 2024 21	(857,343) (565,750)	22,000 18,000	2,011,785 1,176,442
			1,770,371 1,222,621

• 15 -

ABSOLUTELY TOGETHER

CONSOLIDATED BALANCE SHEET

AS AT 31 MARCH 2025

2025 Notes £ £ Fixed assets Tangible assets 11 6,064,524 Current assets Stocks 13 16,478 Debtors 14 739,900 Cash at bank and in hand 156,487 912,865 Creditors: amounts falling due within one year 17 (1,619,982) Net current liabilities (707,117) Total assets less current liabilities 5,357,407 Creditors: amounts falling due after more than one year 18 (1,288,981) Provision for liabilities 20 (92,905) Net (liabilities)/assets excluding pension liability 3,975,521 Defined benefit pension surplus/(deficit) 22 - Net assets/(liabilities) 3,975,521 Income funds Unrestricted funds: General unrestricted funds (482,646) Revaluation reserve 2,344,120 Pension reserve - Designated fund – revenue reserve 208,500 XC Repairs fund 74,761 Insurance fund 301,829 Restricted funds 1,528,957 3,975,521 3,975,521

2024 £ £ 4,124,343 23,764 507,751 137,886 669,401 (1,734,844) (1,065,443) 3,058,900 (1,574,746) (279,533) 1,204,621 18,000 1,222,621 (843,013) - 18,000 208,500 68,761 - 1,770,373 1,222,621 1,222,621

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

• 16 -

ABSOLUTELY TOGETHER

CONSOLIDATED BALANCE SHEET

AS AT 31 MARCH 2025

10 December 2025

The financial statements were approved by the Trustees on .........................

..............................

J E Blackburn

Trustee

• 17 -

ABSOLUTELY TOGETHER

COMPANY BALANCE SHEET

AS AT 31 MARCH 2025

			2025		2024
	Notes	£	£	£		£
Fixed assets
Investments	12		1			1
Current assets
Debtors	14	10,752		110,752
		10,752		110,752
Creditors: amounts falling due within
one year	17	(1)		(1)
Net current assets			10,751			110,751
Total assets less current liabilities			10,752			110,752
Net assets			10,752			110,752
Income funds
Unrestricted funds			10,752			110,752
			10,752			110,752

As permitted by S408 Companies Act 2006, the company has not presented it own profit and loss account and related notes as it prepares Group accounts. The charitable company’s loss for the year was £100,000 (2024: £80,000).

10 December 2025

The financial statements were approved by the Trustees on .........................

.............................. J E Blackburn

Chair

• 18 -

ABSOLUTELY TOGETHER

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Notes Cash flows from operating activities Cash generated from operations 28 Interest paid Net cash generated by operating activities Investing activities Purchase of tangible fixed assets Net cash used in investing activities Financing activities Finance leases acquired from DST Repayment of finance leases Repayment of bank loans Payment of other loans Net cash (used in)/generated from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Relating to: Cash at bank and in hand Bank overdrafts included in creditors payable within one year	2025 £ £ 566,700 (81,523) 485,177 (156,736) (156,735) - (52,230) (257,612) - (309,842) 18,599 137,888 156,487 156,487 -	2024 £ £ 331,248 (60,397) 270,851 (100,885) (100,885) 65,276 (47,744) (255,012) (8,625) (246,105) (76,139) 214,025 137,886 137,886 -

• 19 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Absolutely Together is a private company limited by guarantee incorporated in England and Wales. The registered office is The Arena, Stafferton Way, Maidenhead, Berkshire, SL6 1AY.

The Group consists of Absolutely Together, Absolutely Leisure, Dacorum Sports Trust and Absolutely Together Trading Limited.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Companies Act 2006 and “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)”. The Charitable Company is a Public Benefit Entity as defined by FRS 102.

Absolutely Together meets the definition under FRS 102 of a public benefit entity.

The financial statements are prepared in sterling, which is the functional currency of the Charitable Company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Reduced Disclosures

In accordance with FRS 102, the Charitable Company has taken advantage of the exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’ – Presentation of a Statement of Cash Flow and related notes and disclosures;

• Section 11 ‘Basic Financial Instruments’ & Section 12 ‘Other Financial Instrument Issues’ – Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis for determining fair values.

The financial statements of the Charitable Company are consolidated in the financial statement of Absolutely Together. The consolidated financial statements of Absolutely Together are available from its registered office, The Arena, Stafferton Way, Maidenhead, Berkshire, SL6 1AY.

1.2 Going concern

At the time of approving the financial statements and based on the 2025 - 28 forecasts, the Trustees have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

• 20 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

1.3 Group Financial Statements

The financial statements consolidate the results of the Charitable Company and its wholly owned subsidiaries Absolutely Leisure and Absolutely Together Trading Limited on a line by line basis. All financial statements are made up to 31 March 205. All intra Group transactions and balances between Group companies are eliminated on consolidation.

A separate Statement of Financial Activities and Income and Expenditure accounts is not presented for the Charitable Company itself in accordance with the exemptions afforded by section 408 of the Companies Act 2006.

1.4 Charitable funds

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 Group. Restrictions arise when specified by the donor or when the funds are raised for particular restricted purposes.

1.5 Income

All income included in the Statement of Financial Activities is recognised when it is legally entitled to the income and the amount can be quantified with reasonable accuracy. Certain income is received in advance of the provision of the relevant service and as such is deferred until the service commences. Income for annual memberships is accounted for over the membership year.

Income from leisure activities are recognised as the related goods and services are provided.

Income from grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Management fees are unrestricted income which is available for use at the discretion of the Trustees in furtherance of the general objectives of the Group.

1.6 Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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.

1.7 Allocation and apportionment of costs

Charitable activities are those costs incurred directly in the carrying out of the charitable activities and are split into recreation and leisure site costs, which are those costs incurred directly in the running of each of the sites, and support costs which are those costs incurred directly in support of expenditure on the objects of the Group. Governance costs are those incurred in the undertakings of the Group’s constitutional and statutory requirements.

• 21 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

1.8 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property straight line over 20 – 25 years Improvements to property straight line over 10 years or over the life of the lease Plant and machinery straight line over 3 to 15 years or over the life of the lease Fixtures and fittings straight line over 5 years IT expenditure and software straight line over 3 years Gym equipment straight line over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

Leasehold property within Absolutely Leisure is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in other comprehensive income.

1.9 Impairment of fixed assets

At each reporting year end date, the Group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. In any such indication exists, the recoverable amounts of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.10 Fixed asset investments

In the individual accounts of the Group, interests in subsidiaries are measured at costs less any accumulated impairment losses.

Interests in subsidiaries are assessed for impairment at each reporting date. Any impairment losses or reversals of impairment losses are recognised immediately in the Statement of Financial Activities.

1.11 Stocks

Stocks are valued at the lower of cost and net realisable value, on a first-in-first-out basis, after making due allowance for obsolete and slow moving items.

1.12 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

• 22 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

1.13 Financial instruments

The Group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial assets and liabilities are recognised when the Group becomes a party to the contractual provisions of the instrument, and are offset only when the Group currently has a legally enforceable right to set off the recognised amounts and tends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities are initially measured at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Other financial liabilities classified as fair value through profit or loss are measured at fair value.

1.14 Employee benefits

Termination benefits are recognised immediately as an expense when the Group is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15 Retirement benefits

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

The Group has also assumed responsibility for a pension scheme providing benefits base on final pensionable pay. Contributions to the defined benefit scheme are charged to income and expenditure in order to allocation the cost of providing the pensions recognising any actuarial gain or loss (where appropriate), over the working lives of the relevant employees as assessed in accordance with the advice of a professional qualified actuary.

The Local Goverment Pension Scheme (LGPS) is a funded multi-employer scheme and the assets are held separately from those of the Charitable Company in separate Trustee administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit credit method and discounted at a rate equivalent to the current rate of return on a high quality corporate bond of equivalent term and currency to the liabilities. The actuarial valuations are obtained at least triennially and are updated at each balance sheet date. The amounts charged to operating surplus are the current service costs and the costs of scheme introduction, benefit charges, settlements and curtailments. They are included as part of staff costs as incurred. Net interest on the net defined benefit liability/asset is also defined benefit obligation and interest income on the scheme assets, calculated by multiplying the fair value of the scheme assets at the beginning of the period by the rate used to discount the benefit obligations. The difference between the interest income on the scheme assets and the actual return on the scheme assets is recognised in other

The Group also operates a defined contribution pension scheme. Contributions payable to this pension scheme are charged to the Statement of Financial Activities in the period to which they relate. The assets of this scheme are held separately from those of the Group in an independently administered scheme.

• 23 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

1.16 Leases

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to income and expenditure so as to produce a constant periodic rate of charge of the net obligation outstanding in each period.

Rentals payable under operating leases are charged as an expense on a straight line basis over the lease term.

1.17 Irrecoverable VAT

VAT on revenue expenditure which can not be recovered is charged as a separate cost to the Statement of Financial Activities. VAT on capital expenditure which can not be recovered is capitalised as part of the cost of acquiring the relevant asset.

2 Critical accounting estimates and judgements

In the application of the Group’s accounting policies, the Trustees is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

Leases

In categorising leases as finance leases or operating leases, management makes judgements as to whether significant risks and rewards of ownership have transferred to the Group as lessee.

Key sources of estimation uncertainty

Carrying value of assets and liabilities

The Group makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

The present value of the Local Government Pension Scheme defined benefit liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net cost or income for pensions include the discount rate. Any changes in these assumptions, which are disclosed in note 22 will impact the carrying amount of the pension asset/(liability).

Valuation of leasehold property

The Group uses the valuation performed by its independent valuers as the fair value of its leasehold property in Absolutely Leisure.The valuation is based upon the key assumptions of estimated rental values and market based yields. In determining fair value the valuers make reference to market evidence and recent transaction prices for similar properties.

• 24 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

3 Income/(expenditure) from other trading activities

A summary of the trading results of the wholly owned subsidiary Absolutely Together Trading Limited is shown below:

	2025	2024
	£	£
Turnover and other operating income	858,806	799,700
Cost of sales and administration costs	(287,633)	(295,623)
Other operating income	8,000	8,000
	579,173	512,077

4 Result of Parent Entity

The parent company has taken the exemption under section 408 of the Companies Act 2006 not to present its income and expenditure accounts as apart of these financial statements. The parent entity’s total income for the year was £Nil (2024: £Nil) and their deficit for the financial was £100,000 (2024: £80,000).

5 Donations

Other donations	2025 2024 £ £ 24,610 26,806 24,610 26,806

The income from donations of £24,610 (2024: £26,806) was unrestricted.

6 Charitable activities

	Leisure	Management	Total	Leisure	Management	Total
	activities	fees	2025	activities	fees	2024
	2025	2025		2024	2024
	£	£	£	£	£	£
Charitable activities	6,245,810	55,440	6,301,250	5,738,087	55,440	5,793,527

All income received by the Group is derived from the United Kingdom.

The income from charitable activities of £6,301,250 (2024: £5,793,527) was all unrestricted.

• 25 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7 Charitable activities

Direct Costs 2025 £ Staff costs 2,559,748 Depreciation - Overheads 94,806 Lease Charges - Other Loan Interest - Bank Charges - Legal and Professional - Defined Benefit Pension Costs - Consultancy - Governance costs Auditors Remuneration - 2,654,554	Support Costs 2025 £ - 857,203 3,314,036 - 29,111 52,412 18,091 327,000 17,396 45,500 4,660,749	Total Direct Costs 2025 2024 £ £ 2,559,748 2,446,005 857,203 - 3,408,843 76,714 - - 29,111 - 52,412 - 18,091 - 327,000 - 17,396 - 45,500 - 7,315,303 2,522,719	Support Costs 2024 £ - 614,796 3,057,942 214 13,253 46,929 27,208 130,000 12,284 36,300 3,938,926	Total 2024 £ 2,446,005 614,796 3,134,656 214 13,253 46,929 27,208 130,000 12,284 36,300
				6,461,645

The expenditure on charitable activities of £7,073,889 (2024: £6,220,231) was from unrestricted funds and £241,414 (2024: £241,414) was restricted.

All support costs relate to the sole charitable activity of the Group, being the provision of leisure, recreation and well being services.

8 Trustees

Trustees only receive remuneration in respect of services they provide undertaking the roles of staff and not in respect of their services as Trustees. These payments are in accordance with a provision in the governing document of the Charitable Company. The value of Trustee’s remuneration was as follows:

No Trustees’ expenses were incurred in the current or prior year.

• 26 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

9 Employees

Number of employees

The average monthly number of employees during the year was:

Leisure activities Employment costs Wages and salaries Social security costs Other pension costs	2025 2024 Number Number 186 150
	2025 2024 £ £ 2,294,081 2,186,234 163,232 150,109 102,435 93,912
	2,559,748 2,430,255

The number of employees whose annual remuneration was £60,000 or more were:

		2025	2024
		Number	Number
£90,001	- £100,000	1	1

The remuneration of key management personnel is £194,938 (2024: £123,964).

10 Taxation

No liability to UK corporation tax arose on ordinary activities for the year ended 31 March 2025 or the year ended 31 March 2024.

• 27 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

11 Tangible fixed assets Group Cost At 1 April 2024 Additions Disposals Revaluation At 31 March 2025 Depreciation and impairment At 1 April 2024 Depreciation charged in the year Eliminate on disposal At 31 March 2025 Carrying amount At 31 March 2025 8 At 31 March 2024	Leasehold property Improvements to property Plant and machinery Fixtures and fittings IT expenditure and software Gym equipment Total £ £ £ £ £ £ £ 4,171,598 1,109,835 3,037,068 31,619 6,891 33,123 8,390,134 - - 198,854 12,994 - - 211,848 - - (211,014) - - - (211,014) 2,344,120 - - - - - 2,344,120
	6,515,718 1,109,835 3,024,908 44,613 6,891 33,123 10,735,088
	791,238 795,160 2,641,236 21,939 4,836 11,382 4,265,791 337,930 111,911 151,604 5,339 1,672 7,333 615,789 - - (211,014) - - - (211,014)
	1,129,168 907,071 2,581,826 27,278 6,508 18,715 4,670,566
	5,386,550 202,764 443,082 17,335 385 14,408 6,064,524
	3,380,360 314,675 395,832 9,680 2,055 21,741 4,124,343

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £51,794 (2024: £38,658) for the year.

	2025	2024
	£	£
Plant and machinery	98,978	84,845

The leasehold property in Absolutely Leisure is valued at open market value. As at 31 March 2025, a full valuation was undertaken by Kempton Carr Croft. The valuation is based on market value for the location and similar properties.

• 28 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

11 Fixed asset investments (continued)

There are no tangible fixed assets held by the company.

12 Fixed asset investments

Company	Shares in
	group
	undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	1
Carrying amount
At 31 March 2025	1

In the opinion of the Trustees, the aggregate value of the Charitable Company’s investment in subsidiary undertakings is not less than the amount indicated in the Balance Sheet.

Holdings of more than 20%

The Charitable Company holds more than 20% of the share capital in the following companies

Company	Registered office	Class	Shares held	Shares held
				%
Subsidiary undertakings			Direct	Indirect
Absolutely Leisure	a)	Limited by guarantee	100.00
Absolutely Together Trading	a)	Ordinary	100.00
Dacorum Sports Trust	a)	Limited by guarantee	100.00

a) The Arena, Stafferton Way, Maidenhead, Berkshire, SL6 1AY

The principal activity of these undertakings for the last relevant financial year was as follows:

	Principal Activity
Absolutely Leisure	Provision of health, fitness and leisure services
Absolutely Together Trading	Provision of catering and leisure services
Limited
Dacorum Sports Trust	Provision of health, fitness and leisure services

The aggregate amount of capital and reserves and results of these undertakings for the last relevant financial year were as follows:

		2025	2025
	Income for	Expenditure	Surplus for	Aggregate
	the year	for the year	the year	funds
Absolutely Leisure	4,472,530	4,584,040	2,541,610	1,857,783
Company Number: 06822082
Charity Registration Number: 1131013

• 29 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

12 Fixed asset investments (continued)

Absolutely Together Trading Limited Company Number: 07375879

Dacorum Sports Trust Company Number: 04868497 Charity Registration Number: 1103980

Turnover for	Expenditure	Profit for the	Capital and
the year	for the year	year	reserves
866,806	287,633	579,173	1
Turnover for	Expenditure	Surplus for	Capital and
the year	for the year	the year	reserves
3,192,552	2,881,259	311,293	2,106,989

13 Stocks

Group 2025 2024 £ £ Finished goods and goods for resale 16,478 23,764 16,478 23,764 Debtors Group 2025 2024 £ £ Trade debtors 17,282 36,970 Amounts owed by group undertakings - - Other debtors 137,000 144,610 Prepayments and accrued income 585,618 326,171 739,900 507,751	Company 2025 2024 £ £ - - - - Company 2025 2024 £ £ - - - - - - 10,752 110,752 10,752 110,752	Company 2025 2024 £ £ - - - - Company 2025 2024 £ £ - - - - - - 10,752 110,752 10,752 110,752
		110,752

14 Debtors

• 30 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

15 Loans and overdrafts

Loans and overdrafts
Group 2025 2024 £ £ Bank loans 1,356,067 1,613,677 Other loans - - 1,356,067 1,613,677 £ £ Payable within one year 246,915 255,723 Payable after one year 1,109,152 1,357,954	Company 2025 2024 £ £ - - - - - - £ £ - - - -
		-
		£ - -

Amounts included above which fall due after five years:

		Group	Company	Company
	2025	2024	2025	2024
	£	£	£	£
Payable by instalments	867,654	907,875	-	-

The finance lease liabilities of £27,534 (2024: £52,690) of which fall due in less than one year, with £83,162 (2024: £55,125) falling due in more than one year, are secured over the assets which form part of the finance lease agreements.

The bank loans of £171,466 (2024: £255,723) within one year and £1,184,604 (2024: £1,357,954) after one year are secured by way of a fixed and floating charge, in favour of National Westminster Bank Plc, Bank of Scotland Plc and The Co-Operative Bank Plc, over the assets of the Charitable Companies.

16 Finance lease commitments

Future minimum lease payments due under finance leases:

Group 2025 2024 £ £ Within one year 27,534 52,690 Within two and five years 83,162 55,125 Payable by instalments 110,696 107,815	Company 2025 2024 £ £ - - - - - -	Company 2025 2024 £ £ - - - - - -
		-

• 31 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

17 Creditors: amounts falling due within one year

Group 2025 2024 Notes £ £ Bank loans and overdrafts 15 246,915 255,723 Obligations under finance leases 16 27,534 52,690 Other borrowings 15 - - Other taxation and social security 58,721 80,649 Accruals and deferred income 591,164 668,038 Trade creditors 576,547 593,267 Amounts owed to fellow group undertakings - - Other creditors 119,101 84,477 1,619,982 1,734,844	Company 2025 2024 £ £ - - - - - - - - - - - - 1 1 - - 1 1	Company 2025 2024 £ £ - - - - - - - - - - - - 1 1 - - 1 1
		1

18 Creditors: amounts falling due after more than one year

Group 2025 2024 Notes £ £ Bank loans and overdrafts 15 1,109,152 1,357,954 Obligations under finance leases 16 83,162 55,125 Other borrowings 15 - - Other creditors 96,667 161,667 1,288,981 1,574,746	Company 2025 2024 £ £ - - - - - - - - - -	Company 2025 2024 £ £ - - - - - - - - - -
		-

19 Deferred Income

Deferred income relates to advance payments for block bookings/events at the sites that relate to future dates.

Group 2025 2024 £ £ Balance brought forward 243,555 308,047 Amounts released to income (243,555) (308,047) Amounts deferred in the year 219,941 243,555 219,941 243,555	Company 2025 2024 £ £ - - - - - - - -	Company 2025 2024 £ £ - - - - - - - -
		-

• 32 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

20 Provisions for liabilities

				Group						Company	Company
		2025			2024		2025				2024
			£			£				£	£
Onerous contract		143,853		279,533						-	-
Movements on provisions							2025				2024
							£				£
At 1 April 2024							279,533				431,567
New provisions							-				-
Release of provision							(186,628)				(152,034)
							92,905				279,533
Funds
Group
	At 1 April	Income	Expenditure			Transfer and					At 31 March
	2024						other gains				2025
	£	£			£			£			£
UNRESTRICTED FUNDS
General fund	(845,011)	6,989,718	(6,629,353)						-		(484,646)
Pension fund	18,000	447,000		(465,000)					-		-
Revaluation reserve	-	2,344,120			-				-		2,344,120
R & R Fund (XC)	68,761	6,000			-						74,761
Designated fund – revenue
reserve	208,500	-			-				-		208,500
Insurance fund	-	518,050		(216,221)							301,829
RESTRICTED FUNDS
Restricted income fund	1,770,371	-		(241,414)					-		1,528,957
TOTAL FUNDS	1,220,621	10,304,888	(7,551,988)						-		3,973,521
Company
	At 1 April	Income	Expenditure			Transfer and					At 31 March
	2024						other gains				2025
	£	£			£			£			£
UNRESTRICTED FUNDS
General fund	110,752	-		(100,000)					-		10,752
TOTAL FUNDS	110,752	-		(100,000)					-		10,752

21 Funds

• 33 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

21 Funds (continued)

Group

At 1 April 2023 £ UNRESTRICTED FUNDS General fund (1,128,604) Pension fund 22,000 R & R Fund (XC) 62,761 Designated fund – revenue reserve 208,500 RESTRICTED FUNDS Restricted income fund 2,011,785 TOTAL FUNDS 1,176,442 Company At 1 April 2023 £ UNRESTRICTED FUNDS General fund 190,752 TOTAL FUNDS 190,752	Income Expenditure Transfer and other gains At £ £ £ 6,817,895 (6,534,302) - 247,000 (377,000) 126,000 6,000 - - - - - - (241,414) - 7,070,895 (7,152,716) 126,000	31 March 2024 £ (843,011) 18,000 68,761 208,500 1,770,371
		1,222,621
	Income Expenditure Transfer and other gains At £ £ £ - (80,000) - - (80,000) -	31 March 2024 £ 110,752
		110,752

22 Retirement benefit schemes

Defined contribution schemes

The contributions payable during the year amounted to £40,000 (2024: £40,000). At 31 March 2025 there was £2,603 (2024: £3,171) owing to the scheme and this is included within other creditors. The pension contributions and liability is all allocated from unrestricted funds which is the only fund basis of the Charity.

Defined benefit schemes

Defined benefit schemes
Key assumptions
	2025	2024
	%	%
Discount rate	5.95	4.95
Expected rate of increase of pensions in payment	2.85	2.90
Expected rate of salary increases	2.45	2.50

Mortality assumptions
The assumed life expectations on retirement at age 65 are:
	2025	2024
	Years	Years
Retiring today
- Males	20.7	20.8
- Females	23.6	23.6
Retiring in 20 years
- Males	22.0	22.0
- Females	25.0	25.0

• 34 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

22 Retirement benefit schemes (continued)

Amounts recognised in the profit and loss account:

Current service cost Net interest on defined benefit liability/(asset) Other costs and income Total costs Amounts taken to other comprehensive income: Actual return on scheme assets Less: calculated interest element Return on scheme assets excluding interest income Actuarial changes related to obligations Effects of changes in the amount of surplus that is not recoverable	2025 £ 60,000 (9,000) 1,000 52,000 2025 £ (35,000) 81,000 46,000 (355,000) 455,000	2024 £ 61,000 (3,000) 1,000
		59,000
		2024 £ (127,000) 69,000
		(58,000) (68,000) 123,000

The amounts included in the balance sheet arising from obligations in respect of defined benefit plans are as follows:

Present value of defined benefit obligations Fair value of plan assets Impact of asset ceiling Surplus in scheme Movements in the present value of defined benefit obligations: Liabilities at 1 April 2024 Current service cost Benefits paid Contributions from scheme members Actuarial gains and losses Interest cost At 31 March 2025	2025 £ 1,243,000 (1,698,000) (455,000) 455,000 -		2024 £ 1,452,000 (1,593,000)
			(141,000) 123,000
			(18,000)
			2025 £ 1,452,000 60,000 (18,000) 32,000 (355,000) 72,000
			1,243,000

• 35 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

22 Retirement benefit schemes (continued)

The defined benefit obligations arise from plans which are wholly or partly funded.

Movements in the fair value of plan assets:

Fair value of assets at 1 April 2024 Interest income Return on plan assets (excluding amounts included in net interest) Benefits paid Contributions by the employer Contributions by scheme members Other At 31 March 2025	2025 £ 1,593,000 81,000 (46,000) (18,000) 57,000 32,000 (1,000)
	1,698,000

The fair value of plan assets at the reporting period end was as follows:

Equity instruments Debt instruments Property Cash Target ratio portfolio Infrastructure Longevity insurance	2025 £ 1,150,000 248,000 142,000 31,000 - 198,000 (71,000) 1,698,000	2024 £ 1,095,000 209,000 145,000 15,000 - 200,000 (71,000)
		1,593,000

23 Analysis of net assets between funds Group

Fund balances at 31 March 2025 are represented by: Tangible assets Current assets/(liabilities) Long term liabilities Provisions and pensions	Unrestricted funds Restricted funds Total Total 2025 2025 2025 2024 £ £ £ £ 4,535,567 1,528,957 6,064,524 4,124,343 (707,117) - (707,117) (1,065,443)) (1,288,981) - (1,288,981) (1,574,746) (92,905) - (92,905) (279,533) 2,446,564 1,528,957 3,975,521 1,204,621	Unrestricted funds Restricted funds Total Total 2025 2025 2025 2024 £ £ £ £ 4,535,567 1,528,957 6,064,524 4,124,343 (707,117) - (707,117) (1,065,443)) (1,288,981) - (1,288,981) (1,574,746) (92,905) - (92,905) (279,533) 2,446,564 1,528,957 3,975,521 1,204,621
		1,204,621

• 36 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

23 Analysis of net assets between funds (continued)

Company

Analysis of net assets between funds (continued) Company
	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	£	£
Fund balances at 31 March 2024 are represented by:
Investments	1	1
Current assets/(liabilities)	10,751	110,751
Long term liabilities	-		-
Provisions and pensions	-		-
	10,752	110,752

24 Operating lease commitments

At the reporting end date the Charitable Company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group 2025 2024 £ £ Within one year 562,242 745,372 Between two and five years 977,372 1,747,341 In over five years - - 1,539,614 2,492,713	Company 2025 2024 £ £ - - - - - - - -	Company 2025 2024 £ £ - - - - - - - -
		-

25 Controlling related party

The Trustees consider the Board of Trustees of Absolutely Together to be the ultimate controlling party.

26 Limited by guarantee

The Charity is a company limited by guarantee and has no share capital. the liability of each member in the event of winding up is limited to £1.

• 37 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

27 Financial instruments

The carrying value of the Group’s financial instruments are as follows:

Financial assets Debt instruments measured at amortised cost: - Trade debtors - Other debtors Financial liabilities Measured at amortised cost - Bank loans and overdrafts - Trade creditors - Finance leases - Other creditors 28 Cash generated from operations Surplus for the year Adjustments for: Depreciation and impairment of tangible fixed assets Difference between pension charge and cash contributions Provisions Interest paid Movements in working capital: (Increase) in stocks (Increase)/Decrease in debtors Increase in creditors Cash generated from operations	2025 £ 17,282 133,221 150,503 1,356,067 569,878 110,696 222,435 2,259,076 2025 £ 56,003 615,789 18,000 (135.680) 81,523 7,286 69,680 (145,901) 566,700		2024 £ 36,970 144,610
			181,580 1,613,677 593,267 107,815 246,144
			2,560,903
			2024 £ 46,179 614,796 4,000 (152,034) 60,401 (1,046) (152,520) (88,528) 331,248

• 38 -

ABSOLUTELY TOGETHER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

29 Analysis of changes in net (debt)/funds

Cash at bank and in hand Loans falling due within one year Loans falling due after more than one year Obligations under finance leases	At 1 April 2024 Cash flows New loans At 31 March 2025 £ £ £ £ 137,886 18,601 - 156,487 137,886 18,601 - 156,487 (255,723) 84,257 - (171,466) (1,357,954) 173,353 - (1,184,601) (107,815) 52,230 (55,111) (110,696) (1,583,606) 328,441 (55,111) (1,310,276)

• 39 -