4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 COMPANY REGISTRATION NUMBER 08413664 CHARITY NUMBER 1153527 Xeinadin Audit Limited 8th Floor, Becket House 36 Old Jewry London EC2R 8DD •AEHc0E(* 1311212025 COMPANIES HOUSE A19
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4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST CONTEN7S OF THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Trustees, Secretary and Professlonal Advlsers The Tru5tees' and Strate8lc Report Independent Auditors. Report to the Members 9-13 Consolidated Statement of Flnanclal ArtSvlt*s 14 Consolidated & Charity Balance Sheet 15 Consolidated Cash Flow Statements 16-17 Notes to the Flnancial Statements 18-35
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST TRUSTEE'S, SECRETARY AND PROFESSIONAL ADVISERS YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS The Trustees, who are also directors of the Charity for the purposes of the Companies Act, are pleased to present their annual report and the audited financial statements for the year ended 31 March 2025. PRINCIPAL & REGISTERED OFFICE Moorland Drive, Stocksbridge. Sheffield, S36 IEG. REGISTERED NUMBERS ReEistered Number Registered Charity Number Trading Company Registration Number 08413664 1153527 12965203 DIRECTORS AND TRUSTEES The Directors of the Charitable Company (the Charlty) are Its Trustees for the purpose of Charity law and throughout this report are collectively referred to as the Trustees. The Trustees serving during the year and since the year end were as follows: Appointed 23.08.13 09.12.13 09.12.13 09.12.13 01.09.22 06.12.21 24.02.25 24.02.25 Reslgned Mrs F Howard Mr D Pindar Mr G Sllverwood Mrs S White Mr A Clarke Mr S Woodcock Mrs J Grocutt Mrs E Sedgewick 26.10.24 Appointed Resl8ned COMPANY SECRETARY. Ms J Jennin8S 15.12.14 DIREcfoRS OF 4SLC TRADING LIMITED Mr A Clarke Mrs F Howard Mr D Pindar Mr G Silverwood Mrs S White 21.10.20 21.10.20 21.10.20 21.10.20 21.10.20 COMPANY SECRETARY Ms J Jennings 21.10.20 AUDITORS Xeinadin Audit Limited th 8 Floor, Becket House 36 Old Jewry London EC2R 8DD BANKERS The Co-operative Bank PO Box 250 Skelmersdale WN8 6WT
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST THE TRUSTEES, AND STRATEGIC REPORT YEAR ENDED 31 MARCH 2025 The Trustees. who are a150 Dlrectors of the Charity for the purposes of The Companies Act 2006. present their report wlth the financlal statements of the Charity for the year ended 31 March 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019} Objertive & ACTIVITIES Public Benefft The Centre alms to provide local and public access to Its lelsure serv5ces and facillties, prornotlng healthy lifestyle options that improve physical and mental health and well-being. It seNes as a resource to the Community, offering affordable prices to encourage as many users as possible. The Centre has become Increasingly important, partkularly due to Its 8eo8raphic isolatSon In a rural area. It benefits all residents, including the 23,083 residents in the growin8 community of Stockbridge and Upper Don lfigures from 2021 Census Local Insight Profile). Actlvltles: The Centre continues to be well used, wlth increasing attendance levels since its reopening in 2013. It serves various clubs, community organisations, Schools, and an ever Increaslng publlc membershlp scheme. New Club sessions have been added within the Sports Hall, Bowls Hall and Main Swimming Pool in addition to the provision of new classes wlth5n the Group Exerclse pro8ramme as we strive to develop our Health & Fitness offering. The Café, operated by a separate Trading Company owned by the Charlty, has attratted many new vlsltors to the Centre. The Café goes from stren8th to strength with turrlover continuin8 to increase year on year. The Centre plays a crucial role as the lead partner for the Stockbridge & Upper Don 'People Keeping Well Partnershlp,, deliverlng communlty, health, and well-bein8 SUPPOrt. As part of thls project we have developed a Healthy Living Team whlch Is based at the Centre. The Healthy Living team works closely with local GP'S to support Indlvlduals wtth non.medical physlcal and mental health needs. The Centre has also taken responsibility for Dementia Services, sub-contracting the work to the Stockbridge Community Care Group. Due to the contlnued success of the Healthy Living Team a second Social Prescriber was recruited in 2022. This change enabled us to provide additional support in the area and ease the workload on GPS and Surgerie5 ensuring healthcare professionals keep their own time free for patients with immediate health concerns. The Social PSCrIber posts complement a Community Engagement Worker and two Community Wellbeing Coaches. We were able to secure additional funding to engage a Cost of Living worker. the role to provide assistance in what are currently very difficult times. The post is currently a fixed term role running up to the 31 March 2026.
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST THE TRUSTEES, AND STRATEGIC REPORT YEAR ENDED 31 MARCH 2025 OBJEcfivES & AcfiviTIES Volunteers We continue to benefitfrom the outstanding commitment of ourteam of volunteers, with now oversixty strong delivering regular support each week,, these roles cover aspects of Centre operations including Reception, Administration, Cleanin& Sports Delivery, Maintenance, Gardenin& Fundraising and Catering. All our Volunteers receive inductions, training, and development support to ensure they are equipped to fulfil their roles safely and effectively. The Centre follows a comprehenslve selectlon process, includin8 interviews, references, DBS checks, and confidentiality policies. Efforts are made to match volunteers, skills and experiences with appropriate roles and provide training in essential procedures and health and safetv. Two-way communication is encouraged, and volunteers, opinions and feedback are valued.
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST THE TRUSTEES, AND STrATEGIC REPORT YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT ACHIEVEMENT& PERFORMANCE Charltable Artlvities Over the last twelve months, the Trust has contlnued to pursue a two pronged strategy-developln8 Its current and future business activities to ensure the provision of a financially sound base and improving the quality of its facilities through plans for further capital investment to improve service reliability and customer experience. We have continued to maintain and attract new Business and have record numbers wlthln our Swlmming Lessons and on our Membership schemes. We contlnue to develop new activities to boost turnover and launched Pickleball, a new sport for the centre. We were the first Sheffield facility to offer thi5 5POrt and attendances have exceeded all expectations with sessions selling out and the participants now playinE in tournaments, representing the centre. The sport has now boomed in Sheffield with other facllltles now also offerlng this activity. The Centre carries out a range of projects and initiatives to improve health and well-being and provide public benefits. These include a session called the Livin8 Well Programme, this developed outof the Live Lighter Group, this is a twelve week rolling programme with a maximum of sixteen participants. This session operates to capacity; participants are predominantly via the GP referral route. The Centre continues to offer a comprehensive mSxture of actlvltles and we strive to pursue external funding opportunlties to complement our already busy schedule to further boost attendances. Thls was partlcularly successful within our application to the South Yorkshire Housing Association who awarded funding to enable us to deliver sessions for people in recovery. The sessions were free for particlpants and covered the followin8: Health from Within". A group that supports people in recovery from drugs and alcohol Soak and Soclali5e: A group Session held within the Small Pool to asslst people sufferlng with chronic pain, with a post class discussion group with guest speakers. Knlt and Natter: A group for people recovering from Bereavement and Soclal Isolation usln8 Crafts as the thread to provide support to the attendees. sessions include Knitting, Crochet and Water Colour5. Dads- 5 a side: A sesslon for dads designed to create social interaction through active sport. All of the sessions were well attended and we were able to continue the sessions via additional funding support from the SY Housing Association up to the end of March 2025. In addition to the above we also continue to deliver aqua-based fltness classes, and the provision of a GP Exercise Referral Scheme. The final element of the Oxley Park Landscaping project via Sheffield City Council, is still to be completed. The provision of Electric Vehicle chargers in the Car Park, we envisage this work to be completed in the 2025/26 financial year. The work linking the Café patlo to the Park has proved to be popular, attracting not only Centre users but also people from within Oxley Park, walking 8roups, families and dog walkers, who have taken the opportunity to use the catering facilities on site.
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST THE TRUSTEES. AND STRATEGIC REPORT YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Flnanclal review Reserves Pollcy The Board has implemented a reserves policy of maintaining three months, worth of operating costs. Funds have been set aside for planned building and equipment improvements. The Centfe's annual budget forecast is approved by the Board, aiming for a balanced budget, the Financial performance of the Centre is regularly scrutinised to identify and address any significant deviations from the forecast. Loans We continue to repay the loan element of a grant/loan agreement through the Northern Impact Fund, this was set up to enable us to fund improvernents within the Centre. The works planned have all been completed. we have two years yet to run on thls a8reement. We are already reaping the benefit of replacin8 the aged and inefficient boilers with our expenditure on gas less than previous years despite a large increment on our tariff when the contract was renewed. STRATEGIC REPORT: Trading 4SLC Trading Limited, a subsidiary of the Charity was registered on 215t October 2020 and operates all activities deemed as trading and ancillary to the charitable objectives. Its main actNity is operating the Cafe, which aims to generates surplus income for the Charlty. This yearfs accounts therefore show both the Charity finances, the Trading Company finances and consolidated set of accounts. The Board sets an annual budget forecast for income and expendlture prior to the start of each financial year. The 8oard will normally only approve a balanced budget, however In the event that a deficit budget Is presented, the Centre management will be required to present a plan to achleve a balanced budget. Financial performance will be regularly scrutinised to enable the Board to identify and act on any exceptional deviations from the forecast.
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST THE TRUSTEES. AND STRATEGIC REPORT YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Future plans We had planned to introduce a new front of House Bookings / Mernbershlp system in the Sprlng of 2023, this however has proved to be very time consuming with the works being completed within current staff roles. The project, via Xn Leisure, is still ongoin8 and we hope to launch this now in early 2026. The finished article will deliver a bespoke system, which will enable us to better match our users, needs but also provide a more user friendly version than the system currently in place, The new system will also provide more comprehensive back office reporting to help us drill down into the detail of Centre performance, the current 'Go Live, date is March 2026. We were successful In securing fundlng via the Sport England Swlmming Pool Support Fund via Sheffleld Clty Council as the conduit. The funding received enabled us to install an additional 126 Photo Voltaic panels mounted on the roof of the 8owls Hall, these tO8ether with the addition of battery stora8e capability, have assisted sn our ability to offset some of the costs of our electricity expenditure. We hope to develop this further by linking the batterie5, which are stored on the 'wet' side of the facility within the plantroom, to the 'dry' side of the Centre, and wlll enable us to reduce the cost of electricity further. This project however is subject to our securing further fundin8. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companles Act 2(X16. There was a change to the Trust'5 operating structure, the General Manager now supported by the Senior Management Team of four Assistant Managers each with devolved responsiblllties for day-to-day operations. The Facilities Manager elected to leave during 2024 and to date we have not replaced the role, the re5ponsibillties absorbed Internally, enabling US to make a saving on salarles. Rlsk Management The Board regularly reviews the rlsks to which the Charity Ss exposed and ensures appropriate controls are in place to provide reasonable assurance against fraud and error. It undertakes an annual Premises and Flre Risk Assessment of its operations and takes measures deemed reasonable. The Trustees acknowledge that the Trust continues to face various challenges, includlng (but not limited to): Operating costs and inflation - specifically, energy. heating and utilities. Budget and fundlng constraints. Recruitment and staffing - effect of minimum wage rises and 5ncreased employers national insurance costs. Maintaining customer income streams and membership numbers. Aging Structure and plant and related maintenance cost5. Modernisation of buildings and equipment. Addressing inequalities, accessibility and incluslons. Competition from the sector. All of. the above are regularly discussed at Trustee board meetings. By adopting proactive risk management strategies, the Trustees believe that the Charity can enhance its resilience and contii)Iie tts make a pusltlve impact in the commiinity,
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST THE TrUSTEES' AND STRATEGIC REPORT YEAR ENDED 31 MARCH 2025 STRucfuRE, GOVERNANCE AND MANAGEMENT Indurtion and tralnlng of new trustees The Board has a training program in place to ensure that any newly appointed trustees receive training on all matters necessary to perform their duties effectively. This trainin8 is tailored to their specific needs and covers areas such as governance and mana8ement, equal opportunitie5. and an introduction to the history and current activities of the organization. The Board comprised seven serving Trustees with a good mix of relevant skllls and experience to exercise strategic leadership and control of the business. When considering new trustees, the Board considers the need for any specialist skills. Recruitment methods include referral, self-referral, and advertisement following a skills audit. Potential Trustees undergo a comprehensive vettin8 process, including meetin85 Wlth current Board members to assess skills, background. and experience. The Board rneets regularly to provide strate8iC SUPPOrt and direction to the General Manager, who reports to the Board and provides monthly financial and management accounts. Each Trustee has a speciflc area of responsibility based on their skills and qualifications, which contributes to the overall strategic development of the buslness and supports the Manager. The Centre also employs a small but increasing number of staff to manage day-to-day operations and relies on dedicated volunteers for support. Overall, the Board ensures the effective management and governance of the organisation, with ongoing training and development for Trustees to enhance their abillty to fulfil their duties effectivelv. Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provlde reasonable assurance a8ain5t fraud and error. It undertakes an annual Premises and Fire Rlsk Assessment of its operations and takes measures deemed reasonable. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees {who are also the directors of 4SLC for Stocksbridge Leisure Centre Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements In accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice).
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST THE TRUSTEES. AND STRATEGIC REPORT YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES - contlnued Company law requires the trustees to prepare financial statements for each financial year which 85ve a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accountin8 policies and then apply them conslstently; observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departure: disclosed and explained in the financial statements; prepare the financial statemenls on the going concern basss unless it is inappropriate to presume tha. the charitable company will continue in business. The trustees are responslble for keepin8 proper accountlng records whlch dlsc105e wlth reasonable accuracy at any time the financlal position of the charitable company and to enable them to ensure that the financial statements comply with the Companles Act 2006. They are also responsible for safeguardlng the assets of the charitable company and hence for taklng reasonable steps for the prevention and detectlon of fraud and other irregularities. In so far as the trustees are aware: there Is no relevant audlt Information of whlch the charitable company's audltors are unaware: and the trustees have taken all steps that they ought to have taken to rnake themselves aware of any relevant audit information and to establish that the auditors are aware of that information. AUDITORS The auditors, Xeinadln Audit Limited, wlll be proposed for re-appolntrnent at the forthcomlng Annual General Meeting. Report of the Trustees approved by order of the board of trustees, as the company directors, on 26 November 2025 and signed on its behalf by: Mr G Silverwood - Trusiee
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF 4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST YEAR ENDED 31 MARCH 2025 We have audited the financial statements of 4SLC For Stocksbridge Leisure Centre Trust {the 'parent charitable company,) and its subsidiary (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities {incorporating the Summary of Income and Expenditure Account), the Charity and Consolidated Balance Sheets, the Consolidated Cash Flow Statement and the related notes on pages 17 to 35, including 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 Financiol Reporting Standard applicable in the UK and Republic of Irelond (United Kingdom Generally Accepted Accountlng Practicel. In our opinion the financial statements: give a true and fair viewof the state of the group's and parent charitable company's affairs as at 31 March 2025, and of the group's incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kln8dom Generally Accepted Accountin8 Practice: and have been prepared In accordance wlth the requlrements of the Companles Act 2006. 8asls for opln5on We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Audltorfs responsibillties for the audlt of the financial statements section of our report. We are independent of the group and parent charltable 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 responsibilitles In accordance with these requirernents. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to golng concern In auditing the financlal statements, we have concluded that the trustees, use of the golng concern basls 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 8roups or parent charitable company's ability to continue as a golng concern for a perlod of at least twelve months from when the financial statements are authori5ed for issue. Our responsibilitles and the responslbilltles of the trustees w5th respect to golng concern are described in the relevant sections of this report.
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF 4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST YEAR ENDED 31 MARCH 2025 Other Informatlon The other information comprises the information included in the trustee's annual report, other than the financial statements and our auditor's report thereon.The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statement5 does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibillty is to read the other information and, in doing so, consider whether the other Informatlon is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or othenvise appears to be materially misstated. If we identify such material inconsistencies or apparent materlal mlsstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audlt: the inforrnation given in the trustees, report (incorporating the strategic report and the directors, report) for the financial year for which the financial statements are prepared is conslstent wlth the financial statements; and the strategic report and the directors, report have been prepared In accordance with applicable le8al requirements. Matters on whlch we are requlred to report by exception In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors, report. We have nothing to report in respect of the following matters in relation to which the Companles Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion: adequate and sufficient accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not ViSlted by us: or the parent charitable compan5 financial statements are not in agreement with the accounting records and returns; or certain disclosures of directors. remuneration specified by law are not made: or we have not received all the informatlon and explanations we require for our audlt: 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. 10
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TrUST INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF 4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST YEAR ENDED 31 MARCH 2025 Responsibilities of trustees As explained more fully In the trustees, responsibilitles statement set out on page 17, the trustees (who are a150 the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for bein8 satisfied Ihat 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 groups and parent charitable company's ability to continue as a goin8 concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting urbless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so. Audltorfs responslbilitles for the audlt of the.financlal statements We have been appointed audltor under Companies Act 2006 and report in accordance with this Act. Our objectives 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 includes our opinion. Reasonable assurance is a high level of assurance, but 15 not a guarantee that an audit conducted in accordance wlth ISAS {UK) will always detect a material mlsstatement 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material mlsstatements In respect of irregularlties, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below: We gained an understanding of the legal and regulatory framework applicable to the charitable company land its subsidiary) and the industry in which It operates, and considered the risk of.acts by the company that were contrary to applicable laws and regulations, includln8 fraud. We design audit procedures to respond to the rlsk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud May involve dellberate concealment by, for example, for8ery or intentional misrepresentations, or through collusion. We focussed on laws and regulations which could 8lve rise to a material misstatement in the flnanclal statemerlts, includin& but not limiied to the Companie5 Act 2006 and UK tax le8islation. Our tests included agreein8 the financial statements disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF 4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST YEAR ENDED 31 MARCH 2025 Because of the inherent Ilmltations of an audit, there is a risk that we will not detect all irregularities, Includin8 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 inslances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. As part of an audit in accordance wlth ISAS {UKI, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of materlal mlsstatement of the group's or the parent charltable company, 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 ouropinion. The risk of not detectin8 a material rnisstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentattons, or the override of internal control. Obtain an understandSn8 of Internal control relevant to the audlt In order to deslgn audlt procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. Evaluate the appropriateness of accountin8 policies used and the reasonableness of accounting estlmates and related disclosures made by the trustee5. Conclude on the appropriateness of the trustees. use of the golng concern basls of accountlng and, based on the audit evidence obtained, whether a material uncertainty exists relaied to events or conditions that may cast Significant doubt on the group's or parent charitable company's ability to continue as a going concern. If we conclude that a materlal uncertainty exists, we are required to draw attention in our auditorfs report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or condltlons may cause the group or parent charltable company to cease to continue as a golng concern. Evaluate the overall presentation, structure and content of the financial statements, includlng the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation {i.e. gives a true and fair view). Obtain sufficlent appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solelv responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 12
4SLC FOR sfocKSBRIDGE LEISURE CENTRE TRUST INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF 4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST YEAR ENDED 31 MARCH 2025 Use of our report This report is made solety 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 trustees, as a body, in accordance with Part 4 of the Charittes (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable companvs members and its trustees those matters we are required to state to them in an auditorfs port 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 charltable company's members as a body and the charitable companvs trustees as a body, forour audit work, forthis report, orforthe opinions we have formed. Xeinadin Audit Limited th 8 Floor, Becket House 36 Old Jewry London EC2R 8DD 26 November 2025 13
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST CONSOLIDATED STATEMENT OF FINANaAL AcfiviTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 Unrestricted Restrlrted Deslgnated Funds Funds Funds Total 2025 Total 2024 Notes INCOME Incomin8 resources from generated funds: Donations and legacies Other trading income Tradln8 subsidlary Income Other income 39,506 920,163 262,364 414,593 454,099 920,163 262,364 418.130 847,977 260,890 TOTAL INCOME 122803 EXPENDITURE Cost of raising funds: Cornmercial tradln8 operatlons 247.669 247,669 242,593 Charltable artSvltles 1,106,069 244,589 1.350,658 1,307,122 Other costs TOTAL EXPENDITURE 75 L34 244 589 1620 523 1573 12 NET {EXPENDITURE)/INCOME FOR THE YEAR BEFORE TAXATION AND TRANSFERS TAXATION 11 NEf (EXPENDITUREIIINCOME FOR THE YEAR AFfER TAX BUT BEFORE TRANSFERS 147 901 TRANSFERS NEf (EXPENDITURE)/INCOME FOR THE YEAR AFTER TAX 147 901 RECONCILIATION OF MOVEMENT IN FUNDS 21 Total fund balance at l April 2024 254 563 1045 030 1299 593 1327 722 Closing fund balances at 31 March 2025 The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derived from continuing activities. The surplus of the charitable company for Companies Act purposes for the year is £26,295 (2024: deficit of £29.121). 14
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST CONSOLIDATED & CHARITY BALANCE SHEErs AS AT 31 MARCH 2025 Group 2025 Group 2024 Charity 2025 Charlty 2024 Notes FIXED ASSErs Tangible assets Investments 12 13 1,240,226 1,115,692 1,233,253 1,112,383 1240 226 1115 692 1233 254 1112 384 CURRENT A55ETS Stock Debtors Cash at bank and In hand 14 15 6,052 81,148 7,004 112,364 85,478 109,868 293 462 292 523 glLL63 290 154 CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR 181222 443 NEf CURRENT ASSETS 101977 219 788 218 887 CREDITORS AMOUNTS FALLING DUE AFTER ONE YEAR 17. NEf ASSETS 1321696 1229 593 21 L79 1295 384 FUNDS OF THE CHARITY General fund Non charitable tradlng fund5 Designated funds Restricted funds 20 106,645 17 250,353 4,209 106,645 250,353 20 20 1215 034 1045 031 4 1045 TOTAL CHARITABLE FUNDS These financlal staternents on pages 15 to 36 were approved and authorised for Issue by the Trustees on 26 November 2025 and are signed on their behalf by: Mr A Clarke- Trustee 15
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST CONSOLIDATED CASH FLOW STATEMENT YEAR ENDED 31 MARCH 2025 2025 2024 NET CASH PROVIDED BY OPERATING ACTIVITIES 182 494 TAXATION Corporation tax paid CASH FLOW FROM INVESTING ACTIVITIES: Purchase of property, plant and equipment NEf CASH USED IN INVESTING AcfiviTIES CASH FLOW FROM FINANCING AcfiviTIES: Repayment of borrowings Interest paid 115,3791 115.379) NET CASH USED IN FINANCING AcfiviTIES Change in cash and cash equivalents in the Teportin8 period (88,6721 143,280) Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalent5 at the end of the reportlng perlod RECONCILIATIONS OF NET INCOMING I (OUTGOING) RESOURCES TO NET CASM INFLOW FROM OPERATING AcfiviTIES 2025 2024 Net (expenditure) / income before taxatSon and pension adjustments 22,103 128,129) Depreciation Interest payable Ilncreasel/decrease in stocks {Increase)/decrease in debtors Increase/ldecrease) in creditors 124,911 6,342 952 33,971 121,478 6,355 137,7491 Net cash infiow from operating artivities 16
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST CONSOUDATED CASH FLOW STATEMENT YEAR ENDED 31 MARCH 2025 ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Cash in hand Notice deposits {less than 3 months) 1,685 203 638 3,792 290 203 Total cash and cash equlvalents 17
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENT5 .YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (a) General informatlon and basls of preparation 4SLC for Stocksbridge Leisure Centre Trust is a charitable company, limited by guarantee In England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page l of these financlal statements. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared In accordance with Account5ng and Reporting by Charlties: 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 IFRS 102> issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a 80ing concern basis under the historical cost conventlon. The financial statements are presented Sn sterling which is the functional currency of the charlty and rounded to the nearest pound. The signSficant accounting policies applied In the preparatlon of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Bas15 of consolldatlon The statement of financial activities (SOFA) and balance sheet consolidate Ihe financial statements of the Charity and its subsidiary undertaking 4SLC for Stock5bridge Leisure Centre Trust. The results of the subsidiary are consolidated on a Ilne-by-line basis. The Charity has availed itself of Paragraph 3 {31 of Schedule 4 of the Companies Act and adapted the Companies Act formats to reflect the specSal nature of the CharSty's actlvSties. No separate SOFA has been presented for the Charity alone as permitted by the Companies Act 2006 and paragraph 397 of the SORP 2019. Ib) Funds General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds, whlch are to be used In accordance with specific restrictions imposed by donors, or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restrirted fund is set out in the notes to the financial statements. 18
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES Convd Ic) Income Recognltlon All incoming resources are included in the Statement of Financlal Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. No amount is included in the financial statements for volunteer time in line with the SORP. Further detail Is given in the Trustees, Annual Report. Donotions For donations to be recoBnised the charity wlll have been notified of the amounts and the settlement date in writing. If there are condition5 attached to the donation and this requires a level of performance before entitlement can be obtained then Incorne is deferred until those conditions are fully met or the fuifilment of those condltlons is wlthln the control of the charity and it is probable that they wlll be fulfilled. Deferred Income Income received in the year which relates to the future performance of an activity or event is considered deferred income and carried for¥vard to the followin8 year. Charitable trading activities The Income from tradlng activltles represents amount receivable In the year, excluding value added tax where applicable. Grants ond other income receivable Grant income Is recognised at falr value when the charity has entitlement after any performance conditions have been met, it is probablethat the income will be received and the amount can be ineasured reliably. If entitlement is not met then these dmounts are deferred. These grants and voluntary income are Included In Incomlng resources when these are receivable and allocated appropriately between unrestricted and restricted income dependin8 upon restrictions imposed. Interest recelvable Interest is included when recelvable by the Charity. (d) Expendlture Recognltlon Resources expended are accounted for on an accrual basis and have 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 use of the resources. Support costs are those that asslst the workof the charlty but do not directly represent charltable actlvitles and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Other costs include those incurred in the governance of the Charity and its assets and are primarily associated with constitutional and statutory requirements. 19
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Cont'd le) Ralslng Funds Unrestricted funds are available for use at the discretlon of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestrlcted funds that have been set aside by the trustees for partScular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restrlcted funds are funds whlch are to be used in accordance with speclfic restrlctlons imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the speciftc fund. The aim and use of each restricted fund is set out in the notes to the financial statement5. (n Tanglble Flxed A55ets Tangible flxed assets are stated at cost less accumulated depreciation and accumulated Impalrment losses. Cost includes costs directly attributable to making the asset capable of operatin8 as intended. Depreciation is provided on all tangible fixed assets at rates calculated to wrlte off the cost of an asset, less its estimated residual value over the useful econornSc life of that asset as follows: Plant and machinery Fixtures and fittings Leasehold property Improvements Computer and office equipment 4% to 50% strai8ht line 4Yo to 20% stralght Ilne 4% to 20% straight line 33% straight line 18) Investments Investments in subsidiaries are Measured at cost less impairrnent. (h) Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost Includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, flrst-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate. (i) Leases Rentals payable and receivable under operating leases are char8ed to the SOFA on a straight-llne basis over the period of the lease. U) Penslon costs The group operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. Ik) Tax The charity is exempt from corporation tax on its charitable activities. 20
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Cont'd (l) Going concern The financial statements have been prepared on a goin8 concern basis as the trustees belleve that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted Income and expendlture is sufficient wSth the level of reserves for the charlty to be able to continue as a going concern. (m) Debtors and credltors recelvable / payable wlthln one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising froffl irnpairment are recognised in expenditure. (n) Loans and borrowlnls Loans and borrowings are initially recognised at the transaction price Including transaction costs.. Subsequently, they are measured at amortised cost us5ng the effective interest rate rnethod. less Impairrnent. If an arrangement constitutes a flnance transaction it is measured at present value. lo) 518nlflcant Judgements and Estlmates No judgements have been made in the process of applying the accounting policies that have had the most significant effect on amounts recognised in the financial statements. There are no key assumptlons concernlng the future and other key sources of estlmation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carryin8 amounts of assets and liabilities within the next financial year. 21
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 SUBSIDIARY COMPANY The Charity's wholly owned subsidiary 45LC Trading Limited, incorporated in England, undertakes leisure trading seNices. The Company gift aids its profits, where available, to 4SLC for Stocksbridge Leisure Centre Trust. The subsidiary has been consolidated on a line by line basis in the SOFA. Audited accounts are filed with the Registrar of Companies. A summary of its trading results is shown below: 2025 2024 Proflt and Loss kcount Turnover 262,364 260,890 Costs of sales 247 242 593 Gross Profit 14,695 18,297 Admlnlstratlve expenses {4,191) {5,050) Other operating income 62 Net profit before taxation {4,191) 7,578 Taxatlon Net profit after taxation (4,1911 7,578 Gift Aid Charity Retained in subsidiary (4,1911 992 Fund balances brought forward at l Aprll 217 Fund balances carried forward at 31 March Aggregate amount of assets, liabilities and funds was; 2025 2024 Assets Liabilities Share capital 17,699 17,706 117,681) (13,4971 Funds 22
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 OTHER INCOMING RESOURCES Unrestrlcted Restrlcted Designated Funds Funds Fund Total 2025 Total 2024 Renewable heat incentive payments CHARITABLE AcfiviTIES Unrestrirted Restricted Deslgnated Funds Funds Funds Total 2025 Totsl 2024 Cost of activities in furtherance of the Charity's objects: Fundraising Costs Utility, rates, refuse and property maintenance Subcontracted sports coachinE Event dellvery costs Grants to 5nstltutlons 2,146 2,146 3,449 189,046 28,074 10,441 500 8,788 36,355 5,572 197,834 245,393 64,429 34,266 16.013 13,411 Support costs: Wages Social Security Pensions Insurance Security Costs Office costs Advertising and marketing Sundry costs Postage and stationery Depreciation Bank charges Bank loan interest Café management charges 618,425 39,750 10,705 26,463 7,223 33,446 2,478 24,737 9,626 72,288 14,379 6,342 104,878 1,483 430 723.303 678,940 41,233 40,473 11,135 11,542 26,463 26,000 7,223 4,667 33,861 23,567 4,475 3,423 34,675 38,066 9,669 10,366 125,534 121,484 14.379 12,896 6,342 6,355 415 1,997 9,938 43 53,246 875 862 172 430 1048 29 987 779 23
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31 MARCH 2025 OTHER COSTS Other costs relate to governance costs incurred during the year. Unrestrfcted Restrfcted Deslgnated Funds Funds Funds Total 2025 Totsl 2024 Legal fees Auditors remuneration Auditors remuneration for non-audit work 6,896 IS,300 6,896 15,300 6.461 15,550 TOTAL RESOURCES EXPENDED Depreclation stsff & Amortlsatlon Costs Costs Other Costs Total 2025 Total 2024 Fundraising trading: costs of goods sold Charltable actlvities Governance costs 247,669 247,669 242,593 449,453 1,350,658 1,307,122 775,671 125,534 2025 2024 Wages and salaries Social security costs Pension costs 723,303 678,940 41,233 40,473 Durlng the current and prior year no employees recelved emoluments over £60,000. The key management personnel of the parent charity. the Trust, comprise the Chief Executive Officer and Other managers. The total employee benefits of the key management personnel of the Trust were £40,192 {2024 - £30,912). Staff Numbers The avera8e number of employees (Including casual and part lime staffj employed by the 8roup durin8 the year was 5512024- 54). GRANTS PAYABLE 2025 2024 Grants payable to institutions The above 8rants were payable to institutions in respect of the Community Wellbein8 fund and the Community Dernentia Provision fund. 24
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 TRUSTEES, REMUNERATION There was no trustee remuneration during the current or prior year. There were no trustee expenses paid durSng the current or prior year. GROUP NET INCOME I EXPENDITURE Net income / expenditure is stated after charging: 2025 2024 Depreciation of owned fixed assets Auditors remuneration Operating leases 125,534 121,478 15,550 15,500 10 PENSION CONTRIBUTIONS The Group operates a defined contributlon penslon scheme. The total contrlbutions made on behalf of employees for the year were £11.13512024: £11,542). 11 TAX ON SURPLUS ON ORDINARY AcfiviTIES 'The Company is a registered Charity and is not liable to corporation tax. Any tax charge relates to the trading subsidiary 4SLC Trading Limited. 2025 2024 Current tax: UK Corporation tax based on 4SLC Tradin8 Lirnlted results for the year at 19%12024: 19%) 25
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO TrIE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 12 TANGIBLE FIXED ASSEfs- GROUP Leasehold Computer property Plant and Sports & offlce Improvements machlnery equipment equipment Total COST As at l April 2024 Additions Disposals 1,011,372 1,015 494.873 235,571 54,743 11,951 73,668 1,634,656 908 249,445 As at 31 March 2025 DEPRECIATION As at l April 2024 Depreciation charge Disposals 202,523 49.458 209,165 61,220 48,788 4,506 58,488 518,964 9,727 124,911 As at 31 March 2025 NEf BOOK VALUE As at 31 March 2025 As at l April 2024 12 TANGIBLE FIXED ASSETS- CHARITY Leasehold Computer Property Plant and Sports & office Improvements machlnery equipment equlpment Total COST As at l Aprll 2024 Additions Disposals 1,011,372 1.015 489,105 229,106 54,743 11,951 73,668 1,628,888 908 242,980 As at 31 March 2025 1012 387 718 211 74 76 1871 DEPRECIATION As at l April 2024 Charge in the year Disposals 202,523 49,458 206,706 58,419 48,788 4,506 58,488 516,505 9,727 122,110 As at 31 March 2025 251981 265 125 68 215 638 615 NEf BOOKVALUE As at 31 March 2025 As at l April 2024 26
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 12 TANGIBLE FIXED ASSEfs- TRADING Plant and machinery cosr As at l April 2024 Additions Disposals 5.768 6.465 As at 31 March 2025 DEPRECIATION As at l April 2024 Charge in the year Disposals 2,459 2.801 As at 31 March 2025 NEf BOOK VALUE As at 31 March 2025 As at l April 2024 Included within the net book value of the Group of £1,240,226 is £1,066,909 (2024 - £891,767) relating to assets purchased via restrlcted fundin8. The depreciation charged to the accounts in the period in respect of the assets purchased via restricted fundin8 amounted to £53.246 (2024 - £50,034). 13 INVESTMENTS Cost of investment in subsidiary company was £112024 - £1}. At 31 March 2025 the aggregate of the subsidiary capital and reserves £1712024 -capital and reserves of £4,208) and the company's losses for the year were £4,191.{2024- £992 profits}. 14 STOCKS 2025 Group 2024 Group 202S 2024 Charity Charlty Goods for resale 27
45LC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 15 DEBTORS: Amounts fallin8 due wlthln one year Group 2025 Group 2024 Charlty Charity 2025 2024 Trade debtors Amounts due frorn subsidiary Prepayments & accrued income Other debtors 30,335 33,979 28.732 8,357 45,551 32,064 46,304 71,389 70,808 16 CREDITORS: Amounts falllng due withln one year Group 2025 Group 2024 Charlty Charlty 2025 2024 Trade credltors Amounts owed to subsidiary undertaking Other taxation & social security Other creditors Other loans Accruals & deferred income 41,269 49,856 41,200 47,242 4,366 11,824 6,394 15,379 9,759 5,893 15,380 118 245 13,302 6,394 15.379 108 644 7,730 5.893 15,380 17 CREDITORS: Amounts fallln8 due after more than one year Group 2025 Group 2024 Charlty Charlty 2025 2024 Between one and two years Other loans Between two and flve years Other loans 127 28
45LC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTESTO THE FINANaAL STATEMENTS YEAR ENDED 31 MARCH 2025 18 DEFERRED INCOME The following amounts are included in creditors falling due withln one year. Group 2025 Group 2024 Charity Charlty 2025 2024 Balance at l April Amount released to incorning resources Amount deferred in the year 74,310 (74,3101 64,364 71,905 62,490 (64,364) (71,905) (62,4901 Balance at 31 March Deferred income comprises admission fees and promotional Income received in advance. 19 OPERATING LEASES Total future mlnlmum lease payments under non-cancellable operating leases are as follows: Group 2025 Group 2024 Charlty Charity 2025 2024 Not later than l year Later than l year, not later than 5 years 1,561 2,402 1.561 2,402 29
4SLC FOR STOCKSBRIOGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 20 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund balances at 31 March 2025 are represented by: Flxed assets Current assets Current Non current Ilabllltles Ilabillties Total Unrestrlcted funds General fund Non charitable trading 166,345 142,028 (181,221) 120,507) 106.645 17 Total unrestrlrted funds 173 318 106 663 Restrlcted fund5 Sheffield City Council- Capital Grant Power to Change 4 Good Fund The Well North England Fund People Keeping Well Grant PKW Resilient Communities Fund Bulldlng Thriving Communlties Social Prescribing SCC Unlversal HAF SYH Positive Activities STC Pool Covers Morelife Weight Management SCC Small Word Pot SCC Solar Panels Other Restrlcted Funds 10,973 120,941 2,249 707,197 380 107 9,362 10,000 1489) 19.846 130,941 2,249 707,197 (380) (107) 18,273 7,216 19,992 12,709 41,478 2,038 7,313 1,811 18,273 7.216 19,992 12.709 41,478 13,604 7,313 1,811 213,495 11,566 213,495 Total restrlcted funds 1066 909 14 1215 034 Total funds 30
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Comparatlves for analysis of group net assets between funds Fund balances at 31 March 2024 are represented by: Flxed assets Current assets Current Non current liabllitles liabllities Total Unrestrlcted fund5 General fund Non charitable trading 220,617 251,393 (185,770) {35,887) 250,353 Total unrestrlrted funds 223 926 254 562 Restrfrted funds Sheffield City Council- Capital Grant Power to Change 4 Good Fund The Well North England Fund People Keeping Well Grant PKW Resilient Communities Fund Building Thrlving Communltles Social Prescribing SCC Universal HAF SYH PositSve Activlties SCC Sport England Other Restricted Funds 12,522 132,718. 3,249 741,951 1,128 199 8,872 10,000 21,394 142,718 3,249 741,951 1,128 199 49,521 17,266 19,992 6,104 19,847 8,788 12 49,521 17,266 19,992 6,104 19,847 8,788 12 Total restrlcted funds 891767 1045 031 Totsl funds 31
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 21 GROUP STATEMENTOF FUND At l Aprll Income 2024 Expendlture Transfers At 31 March 2025 Unrestrirted funds General fund Non Charitable trading funds 250,354 965,671 1,109,379 266 555 106,645 17 Total unrestricted funds Restrlrted funds Sheffield City Councll- Capital Grant Power to Change 4 Good Fund SCC Ward Pot Small Grant The Well North England Fund PKW Reslllent CommunStSes Fund People Keeping Well Lottery Community Fund Social Prescribing Community Dementia Provlsion SCC Universal HAF SCC Building Thrlvlng Communitles SYH Positive Activities SCC Sports England STC Pool Covers Morelife Weight Management SCC Solar Panels Other RestrScted Funds 21,394 142,718 3,249 I,ioo 741,951 1,548 11.778 1,000 19,846 130,941 2,249 1,811 707,196 711 34,755 25,0 29,493 25,0 29,493 17,266 38,836 21,444 48,886 21,444 7,216 19,992 6,104 49,521 19,847 8,788 19,992 12,709 18,273 41.478 20,130 13,525 31,248 3,369 8,788 25,000 13,604 8,000 216,820 13,604 7,313 213,495 687 3,325 Total restrlcted funds 1045 031 414 593 244 215 034 Total funds 32
4SLC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31 MARCH 2025 22 GROUP STATEMENTOF FUND Comparatlves for statement of funds At l April Income Expenditure 2023 & transfer5 & transfers Gift At 31 March ald 2024 Unrestricted funds General fund Non Charitable trading funds 345,986 919,223 1,014,855 250,354 Total unrestrlrted funds Restricted fund5 Sheffield City Councll- Capital Grant Power to Change 4 Good Fund SCC Ward Pot Small Grant The Well North England Fund PKW Resilient Communlties Fund People Keeping Well Lottery Community Fund Soclal Prescrlblng Community Dementia ProvSslon SCC Universal HAF SCC Bulldlng Thrlvln8 Communltles Other Restricted Funds SYH Positive Activities SY Communlty Foundatlon SCC Grant SCC Sports England 21,437 154,496 4,248 43 11,778 1,000 21,394 142,718 3,249 1,100 741.951 1,100 776.706 97 1,544 34,775 26,088 30,913 5,076 46,131 21,500 25,991 29,369 5.076 63,397 21,500 17,266 19,992 19,992 6,104 49,521 13.101 19,847 21,000 59,232 17.700 21,999 7,467 6.068 14,896 9,711 4,599 2,152 7,467 6,068 Total restrlrted funds 520 358 842 Total funds Restrlcted funds The income funds of ihe charitable company include restricted fund5 comprisingthe following unexpended balances of 8rants held on trust to be applied for speclflc purposes. These funds are used in accordance with the terms of application and temis imposed by the donor: The Sheffield City Council - Capltal Grant was spent on items of capStal expendlture. The movement in thls fund relates to the depreciation charge on the assets originally purchased using these monies. The Power to Change grant wa5 spent on items of capital expenditure. The movement in this fund relates to the depreciation charge on the assets originally purchased using these monies. 33
45LC FOR STOCKSBRIDGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Restrlcted fund5 (convd) The Well North England grant funding was originally received to help pay for the extension made to the leisure centre building. The movement on the fund relates to the depCiatIon charge on the leasehold property improvements purchased usin8 these monies. During the year, monies were received from the People Keeping Well and the Resilient Communities Fund in order to deliver health and wellbeing support in the Stocksbridge local area. Monies have been spent on wages and capltal assets, for which depreciatSon has been charged. Monies were received from the Social Prescribing fund which means the charity can work in the local community with local GP'S to support those with non-medical physical and mental health needs. Monies were spent on wages and expenses for the link workers. The Communlty Dementia provision was rece5ved in the year in order to dellver support to famllies who are living with dementia. The fund was all spent during the year. The HAF fund was recelved in order to provlde arts and crafts, and food to children during the holiday camps. This fund was all spent during the year. Monies were received from Sheffield City Council during the year. a grant for Bulldin8 Thriving Communitles. ThSs grant w511 be spent on fundln8 Community Development worker costs. A grant from South Yorkshire Housing was recewed for 'Positive Activities,. This money is to be spent on actlvlties for people in recovery across Sheff5eld. Sheffield City Council awarded the Trust a Sport England grant during the last financial year. This money was used as a contribution towards Iltility costs, mainly heating the swimming pools. As at the end of 2024, £8,788 was due back to Sheffield City Councll, thls was repaid durSn8 the year ended 2025. A grant was received for the Morelife Weight Management programme. Thls Ss a 12 week weight management programme and the monies are to be spent on room hire and staff costs. Funding was received during the yearfrom Sport England tofund solar panels and pool covers at the lelsure centre. Depreciation has been char8ed on these asset5. 34
45LC FOR STOCKSBRIOGE LEISURE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 23 RESERVES 2025 2024 Balance brought forward Net incoming resources 1,299,593 1,327,722 22 103 Balance carrled forward 35