4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 COMPANY REGISTRATION NUMBER 08413664 CHARITY NUMBER 1153527 Xeinadln Audit Limited 8th Floor, Becket House 36 Old Jewry London. EC2R 8DD
45LC FOR 5focKSBRIDGE LEISURE CENTRE TRusr CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENT5 YEAR ENDED 31 MARCII 2024 CONTENTS PAGE Trustees, Secretary and Professlonal Advisers The Trusteeg and Strategic Report Independent Audltor5' Report to the Members 10-14 Consolidated Statement of Flnanclal Activltles 15 Con501idated & Charlty Balance Sheet 16 Consolidated Cash Flow Statements 17-18 Notes to the Financlal Statements 19-36 Detalled Charlty Income and Expendlture Account 38
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST TRusfEE'S, SECREfARY AND PROFESSIONAL ADVISERS YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY. ITS TrUSTEES AND ADVISORS The Trustees, who are also dlrector5 of the Charity for the purposes of the Companies Act. are pleased to present thelr annual report and the audfted flnanclal statements forthe year ended 31 March 2024. PRINCIPAL & REGISTERED OFFICE Moorland Drlve, Stocksbrid8e. Sheffield, S36 IEG. REGISTERED NUMBERS Reglstered Number Registered Charlty Number Trading Company Re8lstration Number 08413664 1153527 12965203 DIRECTORS AND TRUSTEES The Dlrectors of the Charltable Company (the CharSty) are Its Trustees for the purpose of Charity law and throughoirt this report are collectlvely referd to as the Trustees. The Trustees servin8 durlng the year and since the year end were as follows: Appointed 23.08.13 09.12.13 09.12.13 09.12.13 09.12.13 01.09,22 06.12.21 Re518ned Mrs F Howard Mr D Pindar Mr G Slfverwood Mr5 S Whlte Mrs M Whfttln8ham Mr A Clarke Mr S Woodcock 29.11.23 Appointed Resigned COMPANY SECRETARY Ms J Jennin85 15.12.14 DIREcfoRS OF 4SLC TRADING LIMITED Mr Aclarke Mrs F Howard Mr D Pindar Mr G Sllverwood Mrs S White 21.10.20 21.10.20 21.10.20 21.10.20 21.10.20 COMPANY SECRETARY Ms J Jennln8S 21.10.20 AUDITORS Xelnadin Audlt LSmlted th 8 Floor, Becket House 36 Old Jewry London EC2R 8DD BANKER5 The Co-operative Bank PO Box 250 Skelmersdale WN8 6wr
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST THE TRUSTEES, AND STRATEGIC REPORT YEAR ENDED 31 MARCH 2024 The trustees who are also dlrectors of the eharlty for the purposes of the Companies Act 2006, present thelr report with the financial statement5 of Ihe charlty for the year ended 31 March 2024. The trustees have adopted the provisions of Accountlng and Reporting by Charitles: Ststement of Recommended Prdctlce applicable to charitles preparing thelr accounts In accordance with the Flnancial Reportln8 Standard applicable In the UK and Republic of Ireland (FRS 1021 {effectlve ljanuary 2019). OBJEcllvES AND AcnviTIES Slgnlficant actlvltles The Centre continues to be well-used, with Increaslng attendance levels since its reopening in 2013, It Serves variou5 clubs, communlty organlsatlons, Schools, and an ever Increaslng publlc membership scheme. New Club se55ions have been added within the Sports Hall, Bowls Hall and Maln Swlmmlng Pool In addition to the provlslon of new classes withln the Group Exerclse programme as we strfve to develop our Health & Fitne5S offerln8. The Café. operated by a separate Tradlng Company owned by the Charlty, has attraeÉed many new vlsitors to the Centre. The Café goes from strength to stren8th wlth tumover increaslng year on year. The Centre plays a cruclal role as the lead partner for the Stocksbrld8e & Upper Don 'People Keepin8 Well Partnershlp,, dellverln8 communlty, health, and well-beln8 SUPPOrt. The Healthy Llvlng team works closely with local GP'S to SUPPOrt indfvtduals with non-medical physlcal and mental health needs. The Centre has also taken responsibility for Dementia SeNlces, sub-contracting the work to the Stocksbridge Community Care Group.
4SLC FOR sfocKSBRIDGE LEISURE CENTrE TRUST THE TRU5TEES' AND STRATEGIC REPORT YEAR ENDED 31 MARCH 2024 OBJEcnvES AND ACTIVITIES Public benefft The Centre alm5 to provide local and publTC access to Its leisure services and facllities, pmmotlng healthy lifestyle options that Improve physlcal and mental health and well-being. It serves as a resource to the Communlty, offering affordable prlces to encourage a5 many user5 as posslble. The Centre has become Increasingly Important, particularly due to its geographlc Isolatlon in a rural area. It beneffts all residents, including the 23,083 residents In the growlng communlty of Stocksbrldge and Upper Don {figures from 2021 Census Local Insight Profile). Actlvltles The Centre continues to be well-used, wlth increaslng attendance levels slnce Its reopenlng In 2013. It serves varlous clubs. community or8anSsatlon5, Schools, and an ever increasln8 public membership scheme. New Club sesslons have been added wfthln the Sports Hall, Bowls Hall and Maln Swimmln8 Pool In addltlon to the provSslon of new classe5 wlthln the Group Exercise pro8ramme as we strlve to develop our Health & Fltness offerln8. The Café, operated by a separate Tradlng Company owned by the Charlty, has attracted many new visitors to the Centre. The Café goes fram strength to strength wlth turnover continuing to Increase year on year. The Centre plays a crucial role as the lead partner for the Stockbrldge & Upper Don 'People Keeping Well Partnershlp., dellverln8 communlty, health, and well-belng support. As part of this project we have developed a Healthy Llvln8 Team whlch Is based at the Centre. The Heatthy Lfvlng team works closely with local GP'S to support indivlduals wlth non-medical physlcal and mental health needs. The Centre has also taken responsibility for Dementla Servlces, sub-contractlng the work to the Stocksbridge Community Care Group. Due to the contlnued success of the Healthy Llving Team a second Social Prescriber was recrulted In 2022. Thls change enabled u5 to provide addltlonal support In the area and ease the workload on GPS and Sur8eries ensurln8 healthcare profe55iona15 keep thelr own time free for patlents wlth Immediate health concerns. The social Prescrlber posts complement a Community En8agement Worker and two Communlty Wellbeln8 Coaches.
4SLC FOR STOCKSBRIDGE LEISURE CENThE TRUST THE TRUSTEES. AND STRATEGIC REPORT YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTNMES Volunteers We continue to benefit from the outstandln8 commitment of our team of volunteer5, now over sixty stron8 delivering regular support each week,. these role5 cover aspert5 of Centre operatlons includlng Receptlon, Admlnlstration, Cleanin& Sports Delivery, MaIntenan, Gardenitb8• Fundraising and Caterin8. All our volunteers recelve inductlon5, trainin& and development support to ensure they are equipped to fulfil their roles safely and effectlvely. The Centre follows a comprehensive selectlon process, including inteNiews, references, DBS checks, and confidentlality policies. Efforts are made to match volunteers, skllls and experlences with appropriate role5 and provide training In essential procedures and health and safety. Two-way communlcatlon is encouraged, and volunteers. opinlons and feedback are valued. In 2023 we were nominated for the Queens Inow Klngsl Avfiird for Voluntary Servlce, thls proce55 included our belng interviewed by the Deputy Lord Lleutenant of Yorkshire, who also met vark>us teams of our volunteers In person as part of the assessment process. Ultlmately and unfortunately, we were not Successful in attalnin8 the award but the fact that we were nomlnated show that the work that Is regularly undertaken by our Volunteers 15 clearly appreclated and worthy of note and lon8 may It contlnue.
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST THE TRUSTEES, AND STRATEGIC REPORT YEAR ENDED 31 MARCH Z024 STRATEGIC REPORT Achlevemerrt and perforniance Charltable activities Over the last twelve months, the Trust has continued to pursue a two pronged strategy- developing its current and future buslness actNltles to ensure the provision of a financlally sound base and Improvin8 the quallty of Its facilities through plans for further capitsl investment to improve serrfice reliability and customer experience. We have contlnued to maintain and attract new Buslness and have record numbers wlthln our 5wimrnln8 Lessons and on our Membefshlp schemes. The Centre carries out a range of projects and Inltlatives to Improve health and well-belng and provlde publlc benefits. These Include a sesslon called the Llvlng Well Programme, thls developed out of the Llve Ll8hter Group, thls Is a twelve week rollin8 programme wlth a maximum of sixteen partlclpants. This session operates to capaclty. participants are predomlnantty via the GP referral route. The Centre continues to offer a comprehenslve mixture of actlvities and we strive to pursue external funding opportunltles to complement our already busy schedule to further boost attendances. Thls was partlcularly successful wlthin our applicatlon to the South Yorkshlre Hou5in8 Assoclation who awarded funding to enable us to dellver sesslons for people in recovery. The sessions are free for partklpants and cover the followln8: - Health from Wlthin: A group that supports people In recovery from drugs and alcohol - Soak and Soclalise: A group sesslon held withln the Small Pool to asslst people sufferlng wlth chronlc paln, with a p05t class dlKu$51on 8roup wlth guest speakers. - Knit and Natter: Agroupfor people recoverln8from Bereavementand Soclal1501atlon usln8 Craftsasthe thread to provide support to the attendees, sesslons include Knlttin8. Crochet and Water Colour5. Dads - 5 a slde: A sessSon for dads designed to create soclal Interactlon through artlve sport. All of the sessions have been well atterKled and we have been able to continue the sessions via addltlonal fundln8 SUPPOrt from the SY Housln8 Assoclatlon in the months ahead. In additlon to the above we also contlnue to deliver, aqua-based fitness classes, and the provlslon of a GP Exerclse Referral Scheme. The second phase of the Oxley Park Landscaplng project via Sheffield Clty Councll, works were completed thls yearllnklnB the Parkto the external patlo area of the Café, enablin6 u5 to Increasethe numberof coversavallable and further boost income levels.
4SLC FOR STOCKSBRIDGE LEISURE CENTRE Trusr THE TRUSTEES, AND STRATEGIC REPORT YEAR ENDED 31 MARCH 2024 srRATEGIC REPORT Flnanclal revlew ReseNe5 poIIcy The Board has implemented a reseeS policy of maintalnln8 three months, worth of operatlng costs. Funds have been set aside for planned building and equlpment improvements. The Centre's annual bud8et forecast is approved by the Board, a5mlng for a balanced budget, the Financlal performance of the Centre Ss regularly scrutlnlsed to identify and address any SiEnlficant deviations from the forecast. Loans We continue to repay loan element of a granvloan agreement through the Northern Impact Fund, thls set up to enable us to provide further improvements within the Centre. A5 a result of thls agreement. in the last twelve months, we have replaced the aged and Inefficlent boilers on the Swimming half of the Centre following the successful upgrade of the Bulldln8 Mana8ement System and re5urfaclng of the Sports Hall floor. Tradlng 4SLC Tradln8 Llmited, a 5ubsldlary of the Charlty was registered on 21st October 2020 and operates all actlvltles deemed as tradln8 and ancillary to the charftable objectlves. Its maln actlvlty is operatlnB the Cafe, whlch generates surplus Income for the Charity. Thi5 year's accounts therefore show both the Charlty finances, the Trading Company finances and a cons¢1idated set of accounts. The Board sets an annual budget forecast for Income and expendlture prior to the start of each financial year. The Board wlll normally only approve a balanced bud8et. however In the event that a deflclt budget Is presented, the Centre management will be required to present a plan to achieve a balanced bud8et. Financlal performance wlll be regularly scrutlnlsed enable the Board to Identlfy Jnd art on any exceptional devlatlons from the forecast. Flnanclal and r15k management oblectlv•s and pollcles The Board regularly reviews the rlsks to which the Charlty is exposed and ensures approprfate controls are In place to provlde reasonable assurance a8alnst fraud and error. It undertakes an annual Premises and FSre Risk Asse55rnent of Its operations and takes measures deemed reasonable.
45LC FOR STOCKSBRIDGE LEISURE CENTRE TRUST THE TRusfEES' AND STRATEGIC REPORT YEAR ENDED 31 MARCH 2024 STrATEGIC REPORT Future plans We had planned to install a new front of House bookings / Membership system in the SprinB of 2023. Unfortunatety, this project has proved to be very time consumln& with the requirement for us to build the system under dlrectlon frorn the supplier, Xn Leisure. The project has ComMend and we are slowly developing a bespoke piece of work to better enable us to match our users, needs but also provide a more user frlendly verslon than the system currently In pla. The new system will also provide more comprehenslve back office reportin8 to help us drill down into the detail of Centre performance, the cUrn1 'Go Live date Is March 2025. We were successful In securln8 fundin8 vla the Sport England Swlmmlng Pool Support Fund vla Sheffield Clty Councll asthe conduit, thls wlll enable us to Install an addltlonal 200 Photo Voltalc panels mounted on the roof of the Bow15 Hall, these together with the additlon of battery st¢rage capablllty, w511 assi in our abillty to offset some of the costs of our electrlcity expendfture, Unfortunately, the proposed Hydrotherapy Development Is currently on hold, the soarin8 Costs of the project maklng it unaffordable. srRUCTURE. GOVERNANCE AND MANAGEMEKr Governlng document The charity Is controlled by its governlng document. a deed of trust, and constitutes a Ilmited company, Ilmlted by guarantee, as defined by the Companles Art 2006. There was no change to the Trust's operatlng structure, the General Manager supported by the Senlor Mana8ement Team of ffve Assistant Managers each wSth devolved responslbilitles for day-to-day operatFons.
4SLC FOR 5TOCKSBRIDGE LEISURE CENTRE TRUST THE TRU5TEES' AND sfRATEGIC REPORT YEAR ENDED 31 MARCH 2024 sTrucruRE, GOVERNANCE AND MANAGEMENT Indurtlon and training of new trustees The Board has a tralnlng program In place to ensure that any newly appointed trustees recelve trainin8 on all matters necessary to perform thelr duties effectlvely. This trainlng 15 tailored to thelr speclfic needs and covers areas such as governance and management. equal opportunitles, and an Introduction to the history and current activlties of the organization. The Board comprlsed seven serving Trustees Wlth a good mix of relevant 5kllls and experlence to exerclse strateglc leadership and control of the buslness. When conslderln8 new trustees. the Board conslders the need for any specialist skllls. Recrultment methods include referral, self-referral. and advertisement following a skills audlt. Potentlal Trustees undergo a comprehensNe vettln8 process, Including meetlngs wlth current Board members to assess skllls, background, and experlence. The Board meets re8ularty to provide strategic 5UPPOrt and dlrection to the General Manager, who reports to the Board and provides monthly flnanclal and mana8ement accounts. Each Trustee has a speclfic area of responslbllity based on their skllls and qualificatlons, which contrlbutes to the overall strategic development of the buslness and supports the Manager. The Centre also employs a small but Increasln8 number of staff to manage day-to-day operatlons and relles on dedlcated volunteers forsupport. Overall, the Board ensure5 the effective management and Eovernance of the organi5atlon, with on8oing training and development for Trustees to enhance thelr ability tc fulfll their dutles effectlvety Rlsk management The trustees have a duty to Identlfy and review the rlsks to whlch the charlty Is exposed and to ensure approprlate controls are in place to provide reanable assurance agalnst fraud and error. It undèrtakes an annual Premlse5 and Flre Rlsk Assessment of Its operatlons and take5 measure5 deemed reasonable. srATEMENT OF TRusfEES' RESPONSIBILITIES The trustees Iwho are also the dlrectors of 4SLC for Stocksbrldge Leisure Centre Trust for the purpose5 of company law} are responslble for preparln8 the Report of the Trustees and the flnanclal statements In accordance with appllcable low and Unlted KinEdom Accounting Standards {UnSted Kingdom Generally Accepted Accountlng Prarticel.
45LC FOR STOCKSBRIDGE LEISURE NTRE TRusr THE TRUSTEES, AND STRATEGIC REPORT YEAR ENDED 31 MARCH 20Z4 STATEMENT OF TRUSTEES, RESPONSIBILITIES- contlnued Company law requires the trustees to prepare flnancial statements foreach flnanclal year which give a true and fair vlew of the state of affairs of the charitable company and of the incoming resources and appllcatlon of resources. includin8 the Income and expenditure. of the charltable company for that perlod. In preparln8 those financial Statements, the trustees are required to select suitable accountln8 pollcies and then apply them cons5stenttr, observe the methods and prlnclples In the Charfty SORP. make ]ud8ements and estimates that are reasonable and prudent. State whether appllcable accounting standards have been followed, subject to any materlal departurei disclosed and explalned In the financial statements: prepare the financial Statements on the going concern ba515 unless Itls Inappropriate to presume tha. the charltable company will continue In buslness. The trustees are responsible for keeplng proper accountin8 records whlch di5clo* with reasonable accuracy at any tlme the financlal position of the charStable company and to enable them to ensure that the financial statements comply wlth the Companles Act 2006. They are also responsible for safeguardln8 the assets of the charitable company and hence for takln8 reasonable steps for the preventfon and detection of fraud and other Irregularltles. In so far as the trustees are aware.. there Is no relevant audlt Informatlon of whlch the charltable company's audltors are unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establlsh that the auditors are aware of that Informatlon. AUDITORS The audltors, Xelnadln Audit Llmited, will be proposed for re-appointment at the forthcomln8 Annual General Meetlng, Report of the Trustees approved by order of the board of trustees, as the company dlrectors, on 20 November 2024 and slgned on its behalf by: Mr G Sllverwood - Trustee
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF 4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST YEAR ENDED 31 MARCH 20 We have audited the financial statements of 4SLC For Stocksbrldge Leisure Centre Trust (the 'parent charltable companv) and its subsidiary {the 'group') for the year ended 31 March 2024 whlch comprise the Consolidated Statement of Flnancial Activitles (incorporatin8 the Summary of Income and Expendlture Account), the Charfty and Consolldated Balance Sheets, the Consolldated Cash Flow Ststement and the related notes on pages 17 to 35, Includln8 518nlflcant accounting policles. The financial reporting framework that has been applied In thelr preparation Is appllcable lawand United Klngdom Accounting Standards, including Financlal Reporting Standard 102 The Financial Reportlng Stondard appllcoble In the UK and Republk of Ireland {Unlted Kin8dom Generally Accepted Accountlng Practlce). In our oplnlon the financlal ststements., glve a trueand falrvlewof the stateof thegroup's and parent charltable companws affalrs as at 31 March 2024, and of the 8roup's Incomlng resources and appllcation of resources, Includin8 its income and expendlture, forthe yearthen ended; have been properly prepared In accordance wlth Unlted fingdom Generalty Accepted Accountlng Prnctlce: and have been prepared In accordance wlth the requlrements of the Companles Art 2Crf)6. Basls for oplnlon We conducted our audlt In accordance wlth Internatlonal Standards on AuditinB IUKI (ISAS (UK)) and applicable law. Our sponsIbIlItIeS under those standard5 are further descrlbed In the Audltor's responslbllitles for the audlt of the financlal statements sertlon of our report. We are Independent of the group and parent charltable company in accordance with the ethlcal requlrement5 that are relevant to our audit of the financlal statements in the UK IncludlnB the FRCS Ethical Standard, and we have fulfilled our other ethlcal responslbllitie5 In accordance wlth these requlrements. We belleve that the audlt evldence we have obtalned Is sufflclent and approprfate to provide a basi5 forour oplnlon. Concluslons relatlng to Boln8 conc•rn In audltin8 the financlal statements, we have concluded that the trustee5' Use of the golng concem basls of accounting In the preparation of the financlal statements15 approprlate. Based on the work we have performed, we have not Hlentlfied any material uncertaintles relating to events or conditlons thaL indlvidually or collectFvelyi may cast slgnlficant doubt on the 8roups or parent charitable company's ablllty to contlnue as a golng tt)ncern fora period of at leasttwelve month5 from when the flnanclal statements are authorised for Issue. Our responsibillties and the responslbllltles of the trustees with respect to golng concern are descrSbed In the relevant 5ection5 of this report. 10
4SLC FOR STOCKSBRIDGE LEISURE CENTrE TRUST INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF 4SLC FOR sfocKSBRIDGE LEISURE CEKfRE TRUST YEAR ENDED 31 MARCH 2024 Other Informatlon The other Information comprlses the information Included In the trustee's annual report, other than the flnancial statements and our auditorfs report thereon.The trustees are responsible for the other Information contained within the annual report. Our opinion on the financial statements does not cover the other informatlon and, except to the extent otherwise explicltty ststed In our report, we do not express any form of assurance conclusion thereon. Our responsibillty is to read the other Informatlon and, In dolng so. conslder whether the other Informatlon Is materlally Inconslstent wlth the financlal ststements or our knowledge obtalned In the course of the audit or othenvlse appears to be materially misstated. If we identlfy such material Incon55Stencies or apparent materlal misstatements, we are requlred to determlne whether this gives rlse to a materlal misstatement In the financlal statements themselves. If, based on the work we have performed, we conclude that the Is a materlal mlsstatement of this other Informatlon, we are requlred to report that fact. We have nothing to report in th15 re8ard. Oplnlon5 on other mattets prescrlbed by the Companles Act 2006 In our oplnion, based on the work undertaken In the course of the audlt". the Informatlon glven In the trustees, report (5ncorporatln8 the strate8lc report and the dlrectors, report} for the financlal year for whlch the financlal statements are prepared is ccn51stent with the financlal ststements; and the strateglc report and the dlrectors, report have been prepared in accordance with applicable le8al requlrements, Matt¢r5 on whlch we are requlrod to report by exceptlon In the Ilght of the knowledge and understandlng of the 8roup and parent charitable company and its envlronment obtained In the course of the audlt, we have not IdentlfFed materlal mlsstatements in the strategic report and the dlrectors, report. We have nothing to report in respect of the followlng matters In relatlon to whlch the Companies Act 2006 and the Charltle5 Act 2011 requlre5 US to report to you if, In ouropinlon: adequate and sufficient accountlng records have not been kept by the parent charitable company, or returns adequate for our audlt have not been recefved from branches not v15ited by u5: or the parent charltable company's financial ststements are not In agreement wlth the accountlng record5 and returns. or certaln dlsclosures Df dlrectors, remuneration specified by law are not made. or we have not reiVed all the Information and explonations we require forour audit; or the trustees were not entitled to prepare the flnanclal statements In accordance with the small ompanles, regime and tske advantage of the small companies, exemptions in preparin8 the director report and from the requirement to prepare a strateglc report,
4SLC FOR STOCKSBRIDGE LEISURE CENTrE TRUST INDEPENDENT AUDITORS. REPOltr TO THE MEMBERS OF 4SLC FOR 5TOCKS8RIDGE LEISURE CENTRE TRUST YEAR ENDED 31 MARCH 2024 Responslbllltles of trnstee5 As explained more fully In the trustees, resFK)nsibilltles statement set out on page 17, the trustees (who are also the directors of the parent charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satlsfied that they glve a true and falr vlew, and for such Internal control as the trustees determine is nesSary to enable the preparatlon of financlal statements that are free from materlal mSsstatement, whether due to fraud or error. In preparlng the financial statements the trustees are responslble for assessln8 the group5 and parent charitable companvs ability to continue as a going concem, dlsclosing, as appllcable. matters related to going concern and using the Bolng concern basls of accountlng unless the trustees either Intend to1Squldate the group or parent charitable company or to cease operatlons, or have no reallstlc alternative but to do so. Audltorfs responslbllftles for the audlt of the flnanclal ststements We have been appolnted auditor under Companles Act 2006 and report in accordance wlth thls Act. Our objectlves are to obtaln reasonable assurance about whether the financlal statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that Include5 our opinion. Reasonable assurance Is a hlgh level of assurance, but is not a guarantee that an audit conducted In accordance wlth ISAS (UK} will always detect a material mi55tatement when It exlsts. Mlsstatements can arlse from fraud or error and are considered material rf, Indtvidually or in the aggregate, they could reasonably be expected to Influence the economic declsions of users taken on the basls of these financSal statements. Irre8ularitles, Includlng fraud, are Instances of n¢n-compliance wlth laws and regulatlons. We dèslgn procedures in line with our responslblllties, outllned above, to detect materlal mlsstatements In respect of Irregularltles, Includlng fraud. The speclflc procedures for thls en8a8ement and the extenl to which these are capable of detectln8 Irre8ularities, Includin8 fraud Is detalled below: We galned an understandln8 of the legal and regulatory framework appllcable to the charitable company {and Its subsldlaryl and the Industry In whlch It operates, and con51dered the rlsk of acts by the company that were contraryto applicable laws and regulatlons, includlng fraud. We deslgn audit procedures to respond to the risk, retO8nising that the risk of not detecting a material mlsstatement due to fraud is higher than the rlsk of not detectln8 one resultlng from error, as fraud may Invofve dellberate concealment by. for example, forgery or Intentlonal mlsrepre5entations, or through collusion. We focussed on laws and regulatlons whlch could give rlse to a materlal misstatement in the flnanclal statements, includlng, but not Ilmlted to the Companles Act 2(K)6 and UK tax leglslatlon. Our tests Included a8reeing the financlal statements disclosures to underlyln8 SUPPOrtSng documentation and enqulrles with management. There are inherent limitations in the audit ProdureS descrlbed above and, the further removed non-compliance wlth law5 and regulations Is from the events and transactlons fleCted In the financial statements, the le55 likely we would become aware of it. We did not identify any key audlt matters relat0 to Irregularlties, includlng fraud. As In all our audlts we also addressed the rlsk of management override of internal controls, including testln£ journals and evaluating whether there wa5 evidence of bias by the dlrectors that represented a rlsk of materlal misstatement due to fraud. 12
4SLC FOR sfocKSBRIDGE LEISURE CENTrE TRUST INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF 45LC FOR sfocKSBRIDGE LEISURE CEMfRE TRUST YEAR ENDED 31 MARCH 2024 Because of the inherent Ilmltations of an audlt, there is a r15k that we wlll not detect all irregularltle5, including those leadlng to a material misstatement in the financial statements or non-compliance wlth regulation. Thls rlsk increase5 the more that Complian wfth a law or reEulation is remove(I from the event5 and transactlons reflected in the financial statements, a5 we will be less Ilkely to become aware of Instances of non-compllance. The rlsk Is also greater re8ardlng IrregularFties occurrlng due to fraud rather than error, a5 fraud Involves Intentlonal concealment, forgery, collusion, omisslon or mlsrepresentation. As part of an audlt in accordance with ISAS IUK), we exerclse professlonaljudgment and malntain professlonal scepticism throughout the audit. We also: Identify and assess the rlsks of material misstatement of the 8roup's or the parent charitable company's financlal statements, whether due to fraud or error, design and perform audit procedures responsfve to those rlsks. and obtain audit evidence that Is sufficientand appropr5ate to provide a basi5 for ouropinlon. The risk of not detectlng a material mlsstatement resultlng from fraud is hlgher than for one resulting from error. as fraud may Involve colluslon. fargery, Intentlonal omlsslons, mlsrepresentatlons, or the overrlde of Internal control. Obtalft an understandlng of Internal control relevantto the audlt In orderto deslgn audit procedures that are approprlate in the clrcumstances, but not for the purpose of expressln8 an oplnlon on the effettlveness of the group's Internal control. Evaluate the approprlateness of accountlng pollcles used and the reasonableness of accountin8 estimates and related dlsclosures made by the trustees. Conclude on the approprlatsness of the trusteeg use of the 8oln8 concern basis of accounting and, based on the audit evldence obtained, whether a material uncertalnty exists related to events or conditions that may cast signfflcant doubt on the 8roup's or parent charitable companies abllity to continue as a 80ing concern. If we conclude that a materlal uncertalnty exlsts, we are required to draw attentlon In our auditor'5 report to the related dlsclosures in the flnancial statements or, if such dlsclosures are Inadequate, to modlfy our opinlon. Our concluslons are based on the audit evidence obtalned up to the date of our audltor's report. However. future events or conditions may cause the group or parent charitable company to cease to continue as a golng concern. Evaluate the overall presentatlon. structure and content of the flnanclal Statements. Includin8 the dlsclosures, and whether the flnanclal statements represent the underlying transattion5 and events in a mannerthat achleves fair presentation11.e. glves a true and falr vlew). Obtaln sufflclent approprlate audit evldence regardln8 the flnanclal Informatlon of the entitles or business activltles withln the group to express an opinlon on the con501idated financlal statements. We are responslble for the dlrection, supeniision and performance of the group audit. We remaln solely responslble for our audit oplnlon, We communicate with those charged with 8ovemance re8ardin& amonE other matter5, the planned scope and timlng of the audlt and slgnlficant audit findings, including any 51gnlflcant deficlencies In internal control that we Identlfy durlng our audlt. 13
4SLC FOR sfocKS8RIDGE LEISURE CENTRE TRUST INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF 4SLC FOR sfocKSBRIDGE LEISURE CENTRE TRUST YEAR ENDED 31 MARCH 2024 Use of our report This report Is made solely to the charitable company's members. as a bOClV, In accorfjance wttn Chapter 3 of Part 16 of the Companles Act 2(hJ6 and to the charltable company's trustees, as a body, in 3ccordance wlth Part 4 of the Charitles (Accounts and Reports) Re8ulatlons 2008. Our audlt work has been undertaken so that we might state to the charltsble company's members and it5 trustees those matter5 we are requId to state to them in an audltorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responslbility to anyone other than the charitsble company and the charitable company's members asa bodyand thecharltable companlstrustees asa body, forouraudit work, forthls report. orforthe opinlons we have formed. Xelnadin Audit Llmited Ih Floor, Becket House 36 Old Jewry London EC2R 8DD . 2024 14
45LC FOR sfocKSBRIDGE LEISURE CENTRE TRUST CONSOUDATED STATEMENT OF FINANaAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 Unre$trlrted R•strlcted Designated Funds Funds Funds Total 2024 Totsi 2023 Note5 INCOME Incoming r¢sour¢e5 fr(Mn genernted funds: Donation5 and legacies Other trading Income Tradlng subsidiary Income Other Income 59,288 847,977 260,890 358,842 418,130 847,977 260,890 290,196 743,189 218,299 TOTAL INCOME 1186 155 44 7 1276 EXPENDrruRE Cost of ralslng funds: Commerclal tradSn8 operations 242,593 242,593 215.362 Charltable actlvltl 1,014,790 292,332 1,307,122 1,189,153 Other ¢05ts TOTAL EXPENDITURE NEf (EXPENDITURE)/INCOME FOR THE YEAR BEFORE TAXATION AND TRANSFERS TAXATION 11 NEf IEXPENDITURE)IINCOME FOR THE YEAR AFTER TAX BUT BEFORE TRANSFERS 71 TRANSFERS NET {EXPENDITURE)nNCOME FOR THE YEAR AFfER TAX 153 RECONCILIATION OF MOVEMENT IN FUNDS 21 Total fund balan at l April 2023 349 202 978 520 27 Closing fund balances at 31 March 2024 The statement of flnanclal actlvttles Includes all gains and105ses recognised In the year. All IncomlnE resources and resources expended derived from contlnuln8 activitie& The deflcit of the charitsble company for Companies Act purposes for the year is £29,121 (2023: deficlt of £162,048). 15
45LC FOR STOCKSBRIDGE LEISURE CENTRE TrUST CONSOLIDATED & CHARITY BALANCE SHEErs AS AT 31 MARCH 20Z4 Group 2014 Group 2023 Charlty 2024 Charlty 2023 Notes FIXED ASSErs TanElble assets Investments 12 13 1,115,692 1,155,442 1,112,383 1,152,191 Qg 1152 192 CURRENT ASSETS Stock Debtors Cash at bank and In hand 14 15 7,004 112,364 7.005 74,615 337 275 418 895 923 72,639 333 883 109,868 29 413 363 CREDITORS Amoumfs FAWNG DUE WITHIN ONE YEAR 193 575 34 NEf CURRENT ASSETS 22 218 887 AL79 aiEDrroRS AMOUNT5 FALLING DUE AFfER ONE YEAR NEf ASSETS 1229 593 1327 722 1295 384 FUNDS OF THE CHARITY General fund Non charitable tr3dln8 funds Designated funds Restricted funds 20 250.353 4,209 345,985 3,217 250,353 345,985 20 TOTAL CHARITABLE FUNDS These flnanclal statements on pages IS to 36 were approved and authorlsed for Issue by the Trustees on 20 November 2024 and are slgned on thelr behalf by: Mr A Clarke - Trustee 16
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST CONSOUDATED CASH FLOW STATEMENT YEAR ENDED 31 MARCH 2024 2024 2023 NEf CASH PROVIDED BY OPERATING ACTIVITIES TAXATION Corporation tsx pald CASH FLOW FROM INVESTING ACTivmES: Purchase of property, plant and equipment NEf CASH USED IN INVESTING AcnvmES CASH FLOW FROM FINANaNG AcnvmES: Repayment of borrowlng5 Interest paid Key fund loan recelved 115,379) (10,254) 16,355) (4,365) NET CASH USED IN FINANCING AcllvfflES Change In cash and cash equivalent5 in the port1 perlod (43,280) 48,584 Cash and cash equlvalents at the beginnlng of the reporting period 337 275 288 691 Cash and cash equlvalents at the end of the reportin8 period RECONCIUATIONS OF NET INCOMING I (OUTGOING) RESOURCES TO NEf CASH INFLOW FROM OPERATING AcfiviTIES 2024 2023 Net lexpenditurel / income before taxatlon and pension adjustments 128,129) 1153,571) DepciatIon Interest payable Ilncrease)/decaSe in stocks (Increase)/decrease In debtors Incase/(decrease} in creditors 121,478 6,355 104,549 4,365 4,842 72,773 (37,7491 Net rash Inflow from operatln8 actlvltles 17
4SLC FOR sfocKSBRIDGE LEISURE CENTRE TRusr CONSOUDATED CASH FLOW STATEMENT YEAR ENDED 31 MARCH 2024 ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash in hand Notlce deposlts (less than 3 months) 3,792 5,299 Total cash and cash equlvalents 18
4SLC FOR sfocKSBRIDGE LEISURE CENTRE TrUST NOTES TQ THE FINANaAL sfATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING pouaES (a) General Inforniation and basls of preparatlon 4SLC for Stock5biidge Leisure Centre Trust 15 a charltable company, limlted by guarantee in England and Wales. In the event of the charlty belng wound up, the Ilability in respect of the 8uarantee is Ilmlted to £1 per member of the charity. The address of the re8lstered office 15 glven in the charity information on pa8e l of these financial statements. The charlty constitutes a public benefrt entTty as defined by FRS 102. The flnancial statements have been prepared In accordance with Accountin8 and Reportlng by Charltles: Statement of Recommended Practice appllcable to charit$ pparin8 thelr accounts in accordance wlth the Flnancial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 1021 issued In October 2019, the Financlal Reporting Standard appllcable in the Unlted Klngdom and Republicof Ireland {FRS 102), the Companies Act 2006 and UK Generally Accepted Accountln8 Practice. The financlal statements are prepared on a goln8 concern basis under the historical cost convention. The financial statements are presented in sterllng whlch Is the functlonal currency of the charity and rounded to the nearest pound. The slgnlflcant accountin8 pollcles applled In the preparatlon of these financlal statsments are set out below. These policies have been consistently applled to all year5 presented unless otherwlse stated. Ba$ls ol consolldation The statement of flnanclal actNltles ISOFAI and balance sheet con5011date the flnanclal statements of the Charlty and Its sub51dlary undertaklng 4SLC for Stocksbrldge Leisure Centre Trust, The results of the subsidiary are consolldated on a Ilne-by-llne basls. The Charlty has avalled Itself of Paragraph 3 {3) of Schedule 4 of the Companies Act and adapted the Companies Act formats to reflect the speclal nature of the Charity's actlvltles. No separate SOFA has been presented for the Charity alone a5 permltted by the Companles Act 2006 and paragraph 397 of the SORP 2019, Ib) Funds General funds are unrestrlcted funds whlch are avallable for use at the dlscretion of the Trustees Sn furtherance of the 8eneral objectlves of the Charfty and whlch have not been deslgnated for other purposes. Restrlrted funds are funds, which are ta be used in accordance wlth speclfk restrlttlons Imposed by donors, or whlch have been raised by the Charity for partlcular purposes. The cost of ralsin8 and administering such funds are charged a8alnst the spedflc fund. The alm and use of each restricted fund Is set out In the notes to the flnancial statements. 19
4SLC FOR STOCKSBRIDGE LEISURE NTrE TRusr NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES Corfd (c) Incorne Recognltlon All incoming resources are Included in the Statement of Flnanclal Activitie51SoFA) when the charlty Is legally entitled to the Income after any performance condltlons have been met, the amount can be measured rellably and It is probable that the Income will be received. No amount Is Included In the financial statements for volunteer time In Ilne wlth the SORP. Further detail Is 8lven in the Trustees, Annual Report. Donatlons Fordonations to be reco8nlsed the charlty wlll have been notlfied of the amountsand the settlement date In wrltin8. If there are condltlons attached to the donation and this requires a level of performance before entitlement can be obtained then income Is deferred until those condltlons are fully met or the fulfilment of those condltlons Is wlthln the control of the charlty and It Is probable that they wlll be fulfilled. Deftrred Income Income recelved In the yeaf which relates to the future performance of an actlvlty or event is consldered deferred income and carried forward to the followlng year. Charltable tradlng octlvltles The Income from tradln8 actlvltles represents amount recelvable in the year, excluding value added tax where appllcable. Grants ond other income recelvoble Grant Income Is reco8nised at falr value when the charity has entltlement after any performance ondltlons have been met. It Is probable thatthe Income wlll be received and the amount can be measured rellably. If entitlement is not met then these amounts are deferred. These grants and voluntary Income are Included in incomlng resources when these are recelvable and allocated approprlately between unrestrlcted and restricted Income dependlng upon restrictions imposed. Interest receivoble Interest is Included when recelvable by the Charlty, (d) Expendlture Reco8nltlon Resources expended are accounted for on an accrual basis and have been classified under headSn85 that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headln8S. they have been allocated to actlvltles on a basls conslstent wlth use of the resources. Support costs are those that a55iSt the work of the charFty but do not dlrectly represent charltable actfvltles and include offlce costs, 8overnance costs, admlnlstrative payroll costs. They are Incurred dirertty In support of expendlture on the objects of the charlty. Other costs Include those Incurred in the governance of the Charlty and Its assets and are prlmarlly associated with con5tltutlonal and statutory requirements. 20
4SLC FOR STOCKSBRIDGE LEISURE CEMfRE TRUST NOTES TO THE FINANCIAL 5fATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES Cont'd {e) Ralslng Funds Unrestrlcted funds are avallable for use at the d15cretlon of the trustees In furtherance of the 8eneral objectlves of the charity and which have not been desl8nated for other purposes. Designated funds comprlse unrestricted funds that have been set aslde by the trustees for partlcular purposes. The aim and use of each desl8nated fundls set out In the notes to the flnanclal statement5. Restrirted funds are funds whlch are to be used In accordance wlth specific restrlctlons Imposed by donors or whlch have been raised by the charity for particular purposes. The cost of ralsing and admln15tering such funds are charged against the specific fund. The alm and use of each restricted fund Is set out in the notes to the financial ststements. (fj Tanglble Flxed Assets Tanglble flxed assets are stated at C05t le55 accumulated depreclatlon and accumulated Impairment losses. Cost Includes costs dlrectly attrlbutable to maklng the asset capable of operatlng as Intended. Depreciation Is provlded on all tanglble fixed a55ets at rates calculated to write off the cost of an asset, less its estlmated residual value over the useful economk Ilfe of that asset as follows: Plant and machlnery Flxtures and flttlngs Leasehold property lrnprovements Computer and office equlpment 4% to 50% stral8ht Ilne 4% to 20% straSght line 4% to 20% straS8ht Ilne 33% stral8ht line (8) Investments Investments In subsldlarles are MeaSud at cost less impairment, {hl Stocks Stocks are stated at the lower of cost and estlmated selling price less costs to complete and sell. Cost Includes all costs of purchase, wsts of converslon and other costs Incurred In bringlng stock to its present locatlon and condltlon. Cost is calculated u51n8 the first-ln, flrst-out formula. Provision is made for damaged. obsolete and slow-movinB stock where approprlate. (l) Lea5•5 Rentals payable and recelvable under operatlng leases are char8ed to the SOFA on a stralght-llne basls over the perlod of the lease. U) Penslon costs The group operates a defined contrlbutlon plan for the benefft of 5ts employees. ContrlbLrtions are expensed as they become payable. Ik) Tax The charity is exempt from corporation tax on it5 charitable actlvltles. 21
4SLC FOR sfocKSBRIDGE LEISURE CENTrE TRUST NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING pouaES Cont'd (l) Golng concern The financial statements have been prepared on a golng concern basls as the trustees belleve that no rnaterlal uncertaintles exlst. The trustees have consldered the level of funds held and the experted level of Income and expenditure for 12 months from author151ng these flnancial 5tatement5. The budgeted Income and expendlture Is sufflaent with the level of reserves for the charity to be able to contlnue as goln8 concern. (m) D•btors and credltor5 recelvable / payable wlthln one year Debtors and creditors wlth no stated interest rate and recelvable or payable wlthin one year are recorded at transaction prlce. Any losses arlsln8 from impairment are recognlsed in expenditure, (n) Loans and borrowln85 Loans and borrowln8s are initlally reco8nlsed at the transartion price Includlng transaction costs. Subsequently. they are measured at amortlsed cost usinE the effectlve Interest rate method, less Impaimient. If an arrangement constltutes a flnance transactlon It15 measured at present value. (ol Sl£nlflcant Judgement$ and Estlmates No Judgements have been made In the Pro55 of applylng the accountln8 pollcles that have had the most Si8nificant effect on amounts reco8nised In the financial statements. There are no key assumption5 concerning the future and other key sources of estlmatlon uncertalnty at the reportlng date that have a $18nificant risk of causlng material adjustment to the carrying amounts of assets and liablllties withln the next financlal year. 22
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 SUBSIDIARY COMPANY The Charlty's wholly owned subsidiary 4SLC Tradlng Llmited, Incorporated In England, undertakes lelsure trading servkes. The Company gfft aids its proflts. where available, to 4SLC for Stocksbridge Lelsure Centre Trust. The subsidlary has been consolldated on a Ilne by Ilne basls In the SOFA. Audlted accounts are flled wlth the Reglstrar of Companles. A summary of Its tradin8 results is shown below: 2024 2023 Prollt and Loss Account Turnover 260,890 218,299 Costs of sales 62 Gross Profit 18,297 2,937 Admlnistratlve expenses (5,050) (24,022) Other operatlng Income Net proflt before taxatlon 7,578 8,477 Taxatlon Net profit after taxatlon 7,578 8,477 Glft Aid Charity Retalned In subsldlary 992 8,477 Fund balance5 brought forward at l Aprll Fund balances carried forward at 31 March A8gre8ate amount of assets, Ilabllitle5 and funds was," 2024 2023 Ssets Llabllitles Share capital 17,706 18,260 (13,497) (15,043) Funds 23
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDEO 31 MARCH 2024 OTHER INCOMING RESOURCES Unrestrlrted Re5trkted Deskniated Fund5 Funds Fund Totsl 2024 Total 2023 Renewable heat incentlve payments CHARITABLE ACTIVITIES Unrestrfcted Restrlcted Desl8nated Funds Funds Funds Total 2024 Total 2023 Cost of activlties In furtherance of the Charity's objects: Fundralsin8 Costs 8rlck costs utllity, rate$, refuse and property malntenance Sports equlpment Subcontracted sports coachlng Event dellvery costs Grants to instltutions 3,449 3,449 2,531 554 175,239 70,154 245.393 277,286 2,047 28,240 20,284 13,156 56 21,110 13,355 34,266 13,411 Support costs: Wa8e5 Soclal security Pensions Insurance Security costs Office cost5 Advertlsin8 and marketln8 Sundry costs Posts8e and statlonery Depreclatlon Bank charges Bank loan interest Café management char8es 571.827 34.438 10.584 26,000 4.667 22,712 2,854 37,417 10,366 71.450 12,896 6,355 io 107,113 6,035 958 678,940 572.016 40,473 30,171 11,542 8,725 26,(KKI 23,622 4,667 4.800 23,567 23,607 3,423 4,294 38,066 35,718 10.366 10.158 121.484 104,549 12.896 10.886 6,355 4,365 io 842 911 855 569 649 50,034
4SLC FOR 5TOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 OTHER COSTS Other costs relate to governance costs Incurred durin8 the year. Unr•strFcted Restrfcted Deslgnated Funds Funds Funds Total 2024 Total 2023 Le8al fees Audltors remuneratlon Audltofs remuneratlon for non4udit work 6,461 15,550 6,461 15.550 5.184 18,OlX) TOTAL RESOURCES (PENDED Depreclatlon stsff & Amortlsatlon Costs Costs Other Total 2024 Total 2023 Fundrai51ng tradlng: Costs of 8oods sold Charltable a¢tivltle$ Governance costs 242,593 242,593 215,362 454,683 1,307,122 1,189,153 730,955 121,484 2024 2023 Wa8es and salarles Soclal securlty Costs Penslon costs 678,940 572,016 40,473 30,171 11542 L725 Durlng the current and prlor year no employees received emoluments over £60,000. The key management personnel of the parent charlty, the Trust. cornprlse the Chief Executfve Officer and Other mana8ers. The total employee benefits of the key management personnel of the Trust were £30,912 {2023 - £32.835). Staff Numb•rs The average number of employees Ilncludln8 casual and part tlme staffj employed by the group durl the year wa5 54 {2023-46). GRANTS PAYABLE 2024 2023 Grants payable to Instltutlons The above 8rants were payable to Instltutlons In respect of the Community Wellbelng fund and the Communlty Dementla Provision fund. 25
45LC FOR 5TOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 TRUSTEES, REMUNERATION There wa5 no trustee remuneratlon during the current or prlor year. There were no trustee expenses paid durin8 the current or prior year. GROUP NET INCOME / EXPENDITURE Net income / expenditure Is stated after charginB: 2024 2023 Depreciation of owned fixed assets Auditors remuneratlon Operatln8 leases 121,478 104,549 15,500 18,000 10 PENSION CONTRIBUTIONS The Group operates a defined contribution penslon scheme. The total contributlons made on behalf of employees for the year were £11,542 (2023: £8,725). 11 TAX ON SURPLUS ON ORDINARY Acnv171ES The Company Is a reglstered Charity and Is not liable to corporation tax. Any tax char8e relates to the tradlng subsidiary 4SLC Tradlng Llmlted. 2024 2023 Current tsx: UK Corporation tax based on 45LC Tradln8 Llmlted results for the year at 19% {2023: 19%) 26
4SLC FOR 5TOCKSBRIDGE LEISURE CENTRE TRusr NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 12 TANGIBLE FIXED ASSEf5- GROUP Leasehold Computer property Plant and Sports & office Improvements machlnery equlpment equlpment Total cosr As at l April 2023 Additlons Di5posa15 I,CQ6,101 5,271 426,706 68.167 49,953 4,790 70,168 1.552,928 3,5(Kl 81,728 As at 31 March 2024 011 DEPRECIATION As at l Aprll 2023 Depreclation charge Disposals 152,648 49.875 157.8CM) 51,365 41,546 7,242 45,492 397.486 12,996 121,478 As at 31 March 2024 788 02 523 L4 18 964 NET BOOKVAWE As at 31 March 2024 As at l Aprll 2023 12 TANGIBLE FIXED ASSEfs- CHARITY Leasehold Computer Property Plant and Sports & offlc• Improvements machln•ry equlpm•nt •qulpmtnt Total COST As at l Aprll 2023 Additions Dlsposals 1,006,101 5.271 422,394 66,711 49,953 4,790 70,168 1,548,616 3,500 80.272 As at 31 March 2024 1011372 66 1628 888 DEPRECIATION As at l Aprll 2023 Charge in the year Disposats 152,648 49,875 156,739 49,967 41,546 7,242 45,492 396.425 12.996 120,080 A5 at 31 March 2024 02 523 L706 58 488 516 NET BOOK VALUE As at 31 March 2024 As at l April 2023 27
45LC FOR SToa(SBRIDGE LEISURE CENThE TRUST NOTES TO THE FINANCIAL sfATEMENTS YEAR ENDED 31 MARCH 2024 12 TANGIBLE FIXED ASSET5- TRADING Plairt and machlnery COST As at l April 2023 Addltlons Disposals 4.312 IA56 A5 at 31 March 2024 DEPRECIATION As at l Aprll 2023 Charge In the year Dlsposals 1.061 1,398 As at 31 March 2024 NET BOOK VALUE As at 31 March 2024 A5 at l Aprll 2023 Included wlthin the net book value of the Group of £1,115,692 is £891,767 (2023- £960,446) relating to assets purchased via restrlcted fundinB. The depreciation charged to the accounts in the period In respect of the assets purchased via restricted fundSng amounted to £50,03412023- £51,875). 13 INVESTMENTS Cost of investment in subsldlary company wa5 £112023 - £11. At 31 March 2024 the aggre8ate of the subsidiary capStal and reserves£4,208 {2023-negatlve capltal and re5erve5 of £3,216) and the compan¢s proflt5 for the year were £992 (2023-£8,477}. 14 STOCKS 2024 Group 2023 Group 2024 2023 Charlty Charlty Goods for resale 28
4SLC FOR STOCKSBRIDGE LEISURE rRE TRUST NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31 MARCH 2024 15 DEBTORS: Amounts f411in8 due wlthln ¢>ne yoar Group 2024 Group 2023 Charity Charfty 2024 2023 Trade debtors Prepayments & accrued Income Other debtors 33.979 71,389 27,225 41,348 32,064 26,222 70,808 40,375 IJ 16 CREDITORS: Amounts falllNx due wlthln one year Group 2024 Gr(wp Charlty Charlty 2024 2023 Trade creditor5 Amounts owed to subsldlary undertaking Other tsxation & social security Other credltors Other loan5 Accruals & deferred income 49,856 69,710 47,242 64.982 4,366 3,560 11,824 8,928 6,394 4,930 15,379 15.380 99 238 JIQL6 13,302 6,394 15,379 9,569 4,930 15,380 17 CREDITORS: Amounts fallln8 due after more than one year Group 2024 Group 2023 Charlty Charfty 2024 2023 Between ona and two years Other loan5 Between two and flve years Other loans 35 886 35 886 29
45LC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENT5 YEAR ENDED 31 MARCII 2024 18 DEFERRED INCOME The following amourrts are Included in creditors falling due within one year. Group 2024 6roup 2023 Charity Charlty 2024 2023 Balance at l April Amount released to incomln8 resources Amount deferred In the year 64.364 (64,364) 52.257 62,490 50,474 (52,2571 162,490) (50,474} Balance at 31 March Deferred income compri5e5 admisslon fees and promtional Income recelved In advance. 19 OPERAllNG LEASES Total future mlnimum lease payments under non-cancellable operatln8 leases are as follows: Group 2024 Group 2023 CrIty Chartty 2024 2023 Not later than l year Later than l year, not later than 5 years Later than 5 years 2,402 3,461 5,068 7,735 2,402 3,461 5,068 7,735 30
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31 MARCH 2024 20 ANALY515 OF NEf ASSEfs BETWEEN FUND5 Fund balances at 31 March 2024 are represented bv: Axed assets Current assets Current Non current Ilabllltles Ilabllitles Total Unrestrfrted funds General fund Non charltable tradin8 220.617 251,393 {185,770) 135,8871 250,353 Total unrestrlrted fund5 Restrlcted furMIs Sheffield City Council- Capital Grant Power to Change 4 Good Fund The Well North England Fund People Keepln8 Well Grant PKW Reslllent Communltles Fund Bulldlng Thrfvlng Communltle5 Soclal PrescrlblnE SCC Unlversal HAF Other Restrlcted Funds SYH Posrtlve Activltles SCC Sport England 12,522 132,718 3,249 741,951 1.128 199 8,872 10,cLY) 21,394 142,718 3,249 741,951 1,128 199 49.521 17,266 19,992 6,104 12.874 19.847 49,521 17.266 19,992 6,104 12,874 19,847 Total restrlcted funds 1767 153 264 1045 031 Totsl funds 31
45LC FOR STOCKSBRIDGE LEISURE CENThE TRusr NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2034 Comparati¥e5 for analysls of group net assets between funds Fund balances at 31 March 2023 are rèpresented by: Flxed a$5ets Current Current Non current Ilabilitles Ilabllltles Total Unrestrirted funds General fund Non charltable trading 191,746 389.371 {183,866) 15 (51,266) 345,985 Total unrestrfcted funds 909 266 Restrlcted fvnds Sheffleld Clty Councll- Capltal Grant Powerto Chan8e 4 Good Fund The Well North En8land Fund People Keeplng Well Grant PKW Reslloent Communltles Fund STORMS Mental Heafth 13,363 144,496 4,248 776.706 8,074 10,000 21,437 154,496 4,248 776,706 97 97 19 Total restrlrted funds 96 446 18 074 Totsi fundi 32
45LC FOR sfocK58RIDGE LEISURE CENTRE TRUST NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31 MARCH 2024 Restrirted lunds (coned) The Well North England grant funding was originally received to help pay for the extenslon made to the leisure centre buildin8. The movement on the fund relate5 to the depreciatlon charge on the leasehold property Improvement5 purchased uslng these monies. Durlng the year, monles were recelved from the People Keepln8 Well and the Reslllent Communlties Fund in orderto dellver health and wellbein8 SUPPOrt In the Stocksbrld8e local area. Monles have been spent on wages and capltal assets, for which depreciation has been charged. During the year, monles were recelved from the Social Prescriblng fund which means the charity can work In the local communfty wlth local GP'S to support those with non-medlcal physlcal and mental heafth needs. Monles were spent on wa8es and expenses for the Ilnk workers. The Communlty Dementla provislon was receNed In the year in order to dellver SUPFJOrt to famllle5 who are livln8 wlth dementla. The fund was all spent durId the year. The HAF fund was recelved In order to provlde arts and crafts, and food to chlldren durln8 the hollday camps. Thls fund was all spent during the year. Monles were received from 5heff*ld Clty Council during the year, a grant for Buildln8 Thrlvln8 Communltles. Thls 8rant wlll be spent on funding Communlty Development worker costs. A grant from South Yorkshlre Houslng was received for 'P05itive Actlvities,. Thls money is to be spent on actlvitles for people In recovery across Sheffield. Sheffield City Councll awarded the Trust a Sport EnEland grant. Thi5 money has been used as a contrlbution towards utlllty costs, malnly heatin8 the swimmin8 pools. As at the end of the financial year, £8788 was due back to Sheffield City Councll. 35
4SLC FOR sfowBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 23 RESERVES 2024 2023 Balance brought forward Net incomlng resources 1,327,722 1,481,293 Balance carrfed forward 36
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUSr MANAGEMEKf INFORMATION YEAR ENDED 31 MARCH 2024 The followln£ page does not form part of the statutory tlnanclal statements whlch are the subjert of the audltors, report on pase 10-14 37
4SLC FOR sfocKSBRIDGE LEISURE CENTRE TRUST DETAILED CHARITY INCOME & EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024 2024 2023 INCOME Fundralsing Donatlons Grants Fees, rents and charges Membershlp income Renewable heat incentlve payrnent5 Glft Aid recelvable 15,269 10.862 379,373 613,845 234,132 18,000 13,702 5,638 238,357 528,834 214,355 24,844 TOTAL INCOME DIRECT CHARITABLE EXPENDITURE Fundra151n8 costs Brlck costs Wage5 Soclal security Penslon utllity, rates, refuse and property maintenance Insurance Sports equipment Securlty costs Offlce costs Advertislng and marketing Sundry cost5 Subcontracted 5POrt5 coachin8 Event dellvery costs Postage and 5tatlonery Depreclatlon of tan8ible fixed assets Bank char8es Bank loan Interest Grants to institutlon5 3,449 2,531 554 572,016 30,171 8,725 277,137 23,622 2,047 678,940 40,473 11,542 245,393 26,000 4,667 23,219 2,937 33,083 34,266 13,411 10,366 120,086 12,714 6,355 23,283 3.575 31,183 28,240 20.284 10,158 103,698 10,705 4,365 289 725 172 394 GOVERNANCE Audlt fees Legal and professlonal fees li,LX)O 461 10,21)0 184 461 TOTAL EXPENDITURE NET (EXPENDrruREJISURPLUS FOR THE YEAR 38
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ZZ GROUP STATEMEMf OF FUND Comparathfts for statement of funds At l Aprll Income Expendlture 2022 & transfers & transfers Glft At 31 Mar¢h ald 2023 Unr•strlcted funds General fund Non Charltable tradin8 funds 341,277 836,718 978,939 242 321 146.929 345,985 Total unrestrlcted funds Restrlcted funds Sheffield Uty Councll- Capltal Grant Power to Change 4 Good Fund SCC Ward Pot Small Grant The Well North En8land Fund Sulcide Awareness Workshops PKW Resilient Communltles Fund STORMS Mental Health Llve Li8hter Project Zest People Keeplng Well Healthy Holldays Lottery Communlty Fund HCT Dlabetes Soclal Prescrlbln8 Communlty Wellbelng Communlty Dementia Provlsion SCC Unlversal TARA HAF 13.225 156,273 5,248 9,805 10,oc¥J 1,593 11,777 1,000 2,100 34,755 1,640 25,234 2,500 4,500 3,055 14,270 2,532 595 51,556 28,669 15,250 21,437 154,496 4,248 2,100 811,461 776,706 331 2,500 25,000 97 4,500 4,599 14.270 2,532 595 51,556 28.669 15,250 19,992 2,112 19,992 2,112 Total restrFrted funds 99 189 Deslgnated funds Total funds Rertrlrted funds The incorne fundsof the charltable company Include restricted fund5 comprlsln8thefollowln8 unexpended balances of grants held on trust to be applied for specific purposes. These funds are used In accordance wlth the terms of appllcatlon and terms imposed by the donor: The Sheffleld Clty Councll- Capital Grant was spent on Items of capital expenditure. The movement In this fund relates to the depreciatlon char8e on the assets originally purchased using these monies. The Power to Change grant was spent on item5 of capital expenditure. The movement In this fund relates to the depreciation charge on the assets 0r18lnal purchased u5in8 these monles. 34
45LC FOR STOCKSBRIDGE LEISURE cErRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 21 GROUP STATEMENT OF FUND At l AprFI Income 2023 ExpendIre Transfers At 31 March 2024 Unrestrlrted funds General fvnd Non Charitable trading funds 345,986 919,223 1,014,855 250,354 Total unrestrkted funds Restrlcted funds Sheffield Clty Council- Capital Grant Power to Change 4 Good Fund SCC Ward Pot Small Grant The Well North England Fund PKW Reslllent Communities Fund People Keeping Well Lottery Community Fund Social Prescrlbln8 Communlty Dementla Provislon SCC Universal HAF SCC Bulldlng Thrlvlng Communlties Other Restrlcted Funds SYH Posltlve Activities SY Community Foundation SCC Grant SCC Sports England 21,437 154,496 4.248 43 11,778 21,394 142,718 3,249 1,100 741,951 I,i(x) 776.706 97 34.775 26,088 30.913 5.076 46,131 21,50D 25,991 29,369 5,076 63,397 21.500 17,266 19,992 19,992 6,104 49,521 13,101 19,847 21,OLXI 59,232 17,700 21.999 7,467 6,068 14,896 9.711 4,599 2,152 7,467 6,068 Total restrlcted funds Total funds 33