REGISTERED COMPANY NUMBER: 08447331 (England and Wales)
REGISTERED CHARITY NUMBER: 1154831
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
Mccabe Ford Williams
Statutory Auditors and Chartered Accountants
Building 1063
Cornforth Drive
Kenl Science Park
Sittingbourne
Kent
ME9 8PX

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
1 to 16
Report of the Independent Auditors
17 to 20
Statement of Flnanclal Actlvltles
21
Balance Sheet
22
Cash Flow Statement
23
Notes to the Cash Flow Statement
24
Notes to the Financial Statements
25 to 43

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees who are also directors of the Charity for the purposes of the Companies Act 2006, present their report wilh
the financial statements of the Charity for the year ended 31 March 2024. The Trustees have adopted the provisions of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charilies preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Charitable Company are..
to provide or assist in the provision of both indoor and outdoor facilities in the interests of social welfare for
recreation or other leisure lime occupation of individuals who have need of such by reason of their youth, age,
infimiity or disability, financial hardship or social circumstances or for the public at large with the object of
improving their conditions of life, and lor.
to promote community participation in healthy recreation activities.
to provide or assist in the provision of community facilities to be available to all sections of the community without
distinction, including use for meetings, lectures and classes andlor olher forms of recreation and leisure time
occupation with the object of improving the conditions of life for all those who use the facilities,
to develop the capacity and skills for those members of the community who are socially andlor economically
disadvantaged in such a way as to enable them to identify, and help meet, their needs and to participale more
fully in society.
to pursue such other charitable purposes consistent with the above as the Trustees in their absolute discretion
shall determine.
Page 1

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Clear about Its purpose and dlrectlon:
The Trust has established a Vision, Mission Statement and Values outlined in the current strategic Two Year Business
Plan (April 2023 - March 2025). Taking the national agenda of ukactive, the representative UK body and delivering that
agenda locally the Trust's Vision of 'more people, more active, more often, Mirro￿ the objects and powers of the Trust
and the growing public recognition of the benefits of a healthy lifestyle.
The Mission Statement develops the manner in which Ihe Vision will be delivered declaring 'Our mission is to provide a
clean, safe and happy leisure experience on an inclusive basis to residents and visitors to Tonbridge and Malling for the
benefit of their physical and mental health and wellbeing. We will achieve this in a sustainable way through excellence in
our people, policies and practice.,
The Vision and Mission Statement is underpinned by nine core values as follows.
Leadership
Integrity
Innovation
Continuous Improvement
Accessibility
Customer Focus
- Teamwork
Professionalism
Environmental awareness
The values are further defined in the second 5 Year Business Plan and endorsed by the Board of Trustees.
. A strong Board..
Selection and recruitment of the Trust Board is planned and executed with a clear vision to provide a range of interested,
articulate and passionate volunteers who bring a range of professional disciplines and experience to the boardroom. The
Board currently comprises 8 Community Trustees with a blend of professional experience including financial, IT, policy
development, human resources, management consultancy and business entrepreneurship. This is complemented by the
appointment of two TMBC elected Member Trustees and a Stsff Trustee.
The Board has continued to promote the aims and objectives of the Trust and provide strong, challenging support to the
Executive Managemenl Team. All of the Trustees are residents of the Borough with the exception of the Staff Trustee.
Critical issues throughout the year still related to ongoing business recovery following COVID-19 and the ensuing energy
cost crisis, which have remained at the forefront of Board matters. Other key strategic issues have included negotiation
of the Service Fee for the period 1 April 2024 to 31 March 2028, the future plans for the Angel Centre and succession
planning for the retirement of the current Chief Executive. These and a number of olher strategic issues have been
debated at Board level with clear evidence of the benefit of the experience and empathy of the Trustees. Consensus on
key issues has been ￿ached with unanimity and where occasion has demanded the Board has delegated authority to
act in the Chair and Chief Executive as appropriale.
Flnancially sound and prudent..
Sustainability is a key Business Plan objective of the Trust. This was recognised by TMBC in its key priorities at the point
of transfer of the leisure facilities to the Trust. The 20 year Management Agreement was supported by an initial 5 year
funding agreement by TMBC. The stated objective within the initial Business Plan was to achieve a revenue reserve of
£500,000 as soon as possible and this was achieved in 2016.
Page 2

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Financially sound and prudent. continued
The Trusvs reserves were severely depleted during the period of the global pandemic and successive enforced
lockdowns. However, the prudent approach to the Trust's financial position throughout the life of the Trust and a strong
and supportive relationship with TMBC allowed regular discussions that ensured the steady rebuilding of the Trust's
financial position, In 2023124 the financial position allowed an extension for one year of the previous zero sum Core
Service Fee. However, the continuing challenge in 2023124 of global energy pricing remained and the further
suspension of the tariff protection clauses within the Management Agreement in favour of a Utilities Service Fee of
£750,000 was agreed with TMBC, The ongoing strong relationship with TMBC was demonslrable and the year end
position indicated a full retum to a long terrn sustainable future,
The objective within the 5 year Business Plan to hold a revenue reserve represented by a net current asset position of
not less than £500,000 remained Ihe goal in 2023124. Within the Two Year Business Plan a review of reserves policy to
incorporate a more dynamic and flexible approach was completed and approved by the Board.
.Fit for purpose:
The Execulive Management Team (EMT) led by the Chief Executive now comprises the Deputy Chief Executive, the
Chief Financial Officer, the Chief Operaling Officer, Head of Facilities and Compliance, Head of Sales and Marketing,
Head of People and Culture and the Head of Catering. The revised slruGture is a precursor to completing the
Succession Plan and restructure when the current Chief Executive departs at the end of August 2024. The EMT
provides a stable management approach consistent with the initial strategic and operational aims outlined in agreement
with TMBC as part of the process of transfer to the Trust.
Operation of the Trust is assured through an existing but evolving suite of policies and procedures contained in an
Integrated Management System. Roles and responsibilities in terms of govemance and executive management are
based upon guidance from the Association of Chief Executives of Voluntary Organisations (ACEVO). Key policies
affecting health and safety and employment issues are also subject to Board approval.
Overall achievement of the objectives of the Trust is managed through the Two Year Business Plan and an Annual
SeNice Delivery Plan that is reviewed on a quarterly basis and reported to TMBC.
Learning and Improving..
The Trust is committed to underslanding the sector in which it operates and contributing on a local level to a national
agenda. As a consequence the Trust is an active member of Community Leisure UK ICLUK) the principal trade
organisalion for the sector with general and regional meetings. The Chief Executive is the current South East Regional
Director on the CLUK Board, further cementing the relationship of the Trust with the entire sector. In addition the
Executive Management Team is engaged with CIMSPA, the Chartered Inslitute representing the leisure industry, All
frontline staff are now encouraged to become CIMSPA members with identified and recorded Conlinuing Professional
Development training required through the Institute, for staff to develop in the role, This accords with the aim of
'professionalising' the sector.
The Trust is committed to sector wide engagement in the delivery of its objectives and returned in 2023124 to utilise
Quest, the national quality scheme for sport and leisure to ensure induslry best practice. The Trust has reported
financial and usage information to Ihe Moving Communities platform, established initially to validate Govemment
expenditure through the Nalional Leisure Relief Fund but now utilised lo provide wider industry benchmarking and
insight. The Trust also recognises the national and local importance of the new platform to support further sector
funding including the Swimming Pool Support Fund.
Page 3

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
The Trust has a training plan to ensure the continuing professional development of staff at all levels of the service. A
move to new workforce management software, of which the first two of three modules (Core HR and Time and
Attendance) were implemented in 2023124 will allow greater control and reporting of statutory, core and development
training at all levels. The third module (Recruitment) will be implemented early in 2024125.
Accountable and transparent
The work of the Trust sits entirely in the public domain and the Trust ulilises its Customer Charter, panels, surveys and
feedback mechanisms to engage transparently with all interested parties.
As a key stakeholder the Trust reports to senior offi￿rS at TMBC on a fomal recorded basis against the approved
Annual SeNice Delivery Plan and a new, comprehensive Quarterly Update Report was instigated in 2023124. A monthly
strategic Meeting is held to discuss financial and operational issues related to the ongoing performance, development
and suslainability of the Tnjst.
Page 4

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Social investments
The Trust is committed to investment in seniices that offer social retum and has a Health & Wellbeing Strategy that aims
to deliver the vision of the Trust to make 'more people, more active, more often,. Using tmaclive150 as a customer facing
brand the Trust aims to promote 'a national agenda, delivered locally, and the action plan arising out of the strategy is
critical to achieving social goals. The global pandemic shone a light upon the importance of physical activity to the nation
as a whole and the relevance of a proactive approach to encouraging the local community to be active, especially the
currently inactive, has never been more important. Despite the financial challenges of the pandemic, energy pricing and
general inflation the Trust has retained dedicated resources to deliver health and wellbeing programmes to the local
community. Grant aid from Kent Council County of c£40,000 was received in 2022123 and commenced delivery of the
Reconnect programme aimed at households on lower income returning to physical activity post-pandemic and some of
the residual of this funding was used in 2023124 to help underpin the tmactive 150 programme.
The focus on business recovery continued through 2023124 with very limited funds available for capital investment.
However, the Board approved a wish list of potential capital investment opportunities for consideration in the new Two
Year Strategic Business Plan covering the period 1 April 2023 to 31 March 2025 and financial performance in the year
allowed some modest capital expenditure. The discrete Health & Wellbeing budget conlinued to be utilised to help
develop local initiatives and the Trust has eslablished a range of local partners from the community and voluntary sector.
Due to financial constraints in 2023124 the Trust continued to suspend its Charity Funding designed to assist IoGal
voluntary and non-profit making organisations to help establish new physical aclivity programmes although a series of
events supported by staff and customers did raise a further £5,000 for the Trust's nominated charity, Spadework.
Fundralslng
The Trustees are responsible for ensuring that the charity operates within a responsible, suslainable financial framework
and that it has adequate resources to carry out its role in educating residents in the local community. While the Trustees
may delegate many of Ihe operations of fundraising to other parts of the organisalion, they retain the responsibility for
inspiring other fundraisers, demonstrating the perceived importance of fundraising to the organisation, and
demonstrating their leadership in Ihis area.
In carrying out fundraising, the charity adheres to the following standards..
The Trustees will have regard to the Charity Commission's publication 'Charity Fundraising, ICC20}.
Fundraising activities carried out by the charity will comply with all relevant laws.
Any communications to the public made in the course of carrying out a fundraising activity shall be truthful and
non-deceptive.
All monies raised via fundraising activities wi15 be for the stated purpose of the appeal and will comply with the
charity's stated mission and purpose.
The Charity will comply with GDPR Legislation in relation to all personal data collected.
Nobody directly or indirectly employed by or volunteering for the charity shall accepl commissions, bonuses or
payments for fundraising activities.
No general solicitations shall be undertaken by telephone or door-to-door.
Fundraising activities should not be undertaken if they may be detrimental to the good name or community
standing of the charity.
All Trustees, permanent, casual and contract staff and volunteers are responsible for adhering to these
procedures.
Fundraising aclivities should not be undertaken if Ihey will expose the charity to significant financial risk.
Complaints will be dealt with in accordan￿ with the Charity Commissions guide CC20.
Page 5

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRATEGIC REPORT
Achievement and performance
Charltable Activlties
The Trust's Head Office has been established at1-5 Martin Square, Larkfield, ME20 6QL, offices leased by TMBC to the
Trust.
The Trust's conducts business and generates income from Ihe following locations:
Larkfield Leisure Centre
Angel Centre
- Tonbridge Swimming Pool
Poult Wood Golf Course
Leyboume Lakes Country Park
Kings Hill Sports Park
Five corporate objectives were considered by TMBC upon the formation of an independent Trust;
DELIVERY OF CORPORATE PRIORITIES
FINANCIAL SAVINGS
LONG TERM SUSTAINABILITY
ASSET MAINTENANCE
QUALITY OF SERVICE
In accordance with the Management Agreement a review of the Trust's performance against these objectives was
completed in 2017118 with negotiation leading to the revision of the Service Fee to a zero sum for the second five year
tranche of the Management Agreement from 2018 - 2023. During 2022123 negotiation around the next five year {2023 -
20281 SeNice Fee commenced. However, issues surrounding the Tonbridge Town Centre Review being conducted by
TMBC which will impact on the future of the Angel Cenlre, and ongoing energy cost support led to negotiations being
deferred. It was agreed the long stop arrangements in the Management Agreement would be invoked, resulting in the
'core' Service Fee being exlended at zero sum for 2023124. However, in 2023124, in line with the new Two Year
Business Plan negotiations recommenced for the Service fee to cover the next four year period to 31 March 2028. This
resulted in further agreement for the Service Fee, now fomially designated the Core Service Fee to remain at zero for
the next four years,
During the course of the year a revised Management Agreement was agreed which incorporated all the formal Variations
to Contract from the first ten years of the Agreement.
Whilst business recovery proved effectively complete in 2023124, the approved budget reflected a likely operational
deficit of £245,900. This was allowing for a provisional Utilities SeNice Fee from the Council of £750,000 to support the
ongoing exponential increases in energy and despite retention of the £1 'swim surcharge, on every casual swim to help
mitigate the cost to TMBC. Softening of utilities tariff 'in yearf resulted in an eventual claim under the Utililies Service
Fee of £614,000, a reduction of £136,000 against the TMBC budgeted cost.
During 2023124 the Trust consolidated arrangements at Kings Hill Sports Park and for the first year became responsible
for any profit and loss at the contract. An annual Service Fee from the Parish Council of £20,000 was agreed. Successful
year end financial perfomiance will strengthen reseNes at this contract which are ringfenced away from the contract with
TMBC. At Leybourne Lakes 2023124 saw the first full year of operation of the new facilities at the café and water sports
hub with the café performing above income expectation.
Page 6

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The key priorities identified below within the Two Year Business Plan are used to highlight areas of progress. The
Annual Service Delivery Plan was used to drive specific objectives and the Balanced Scorecard was revised and
continued to be used lo measure idenlified KPIS and provide a view of the overall health of the business in tems of
financial, operational, customer and staff perspectives.
PARTICIPATION - Around 1.35m customer visits were recorded in 2023124 representing an increase of13 % against the
previous year and now exceeding the highest attendance recorded pre-covid in 2019120 of1.23m. The level of recorded
visits varied across key activilies but health and fitness membership and swim and spa memberships were up 10,20/0
and 6.20/0 respectively, Swim School saw retention of the huge surge post pandemic with Ihe Trust teaching around
3,500 children each week compared to 2,400 in 2019120. Casual swimming also saw an upturn of 2.30/0 compared to
prior year with over 300,000 casual swims recorded. Despite poor weather to start and end the year the number of
rounds of golf played at Poult wood remained stable at 47,000.
AWARENESS - The Trust continued to work hard to maintain awareness of the profile of the brand through a presence,
largely on social media sites, that sought to maximise programme exposure and membership opportunities. The 'cost
of living, crisis saw a focus on member offers and awareness of programmes and activities promoting healthy lifestyles
available al low cost. The Trnst continued to promote its charitable ethos to customers through the website and social
channels to raise awareness of Ihe reinvestment of funds and the non-profil distributing model of operation using
markeling material from Community Leisure UK.
HEALTHY LIFESTYLES - The tmaclive150 health and wellbeing programme diversified further in 2023124 with a range
of classes offered at the Trust's facilities but also in outreach locations including Hadlow, Snodland, RBLI and at the
Trust's charitable partner, Spadework's location in Offliam. Popular activities included walking football and netball, Here
Come The Girls Swimming and Stretch and Move classes. More targeted activity included chair based yoga, falls
prevention and low impact exercise. The Trust's referral programme continued to support customers wilh medical
issues to return to a healthier lifestyle. Holiday courses and seasonal events at Easter, summer, Hallowe'en and
Christmas were all part of an inventive and healthy programme. There were over 8,800 attendances to the programme
in 2023124. The tmactive150 resources and programme remains an integral part of the Trust's offer and will be subject
to a review in 2024125 to enhance Ihe offering.
CUSTOMER SATISFACTION - The primary feedback mechanisms used in 2023124 were mystery visits undertaken by
industry professionals, Pro-lnsight and the Net Promoter Score. Each of the four main sites were subject to a mystery
visit each quarter and the average score throughout the year was an impressive 82.5%. The visits are utilised to
highlight further improvements in customer setvi¢e. The Net Promoter Score is derived Irom aulomated customer
surveys asking the likelihood of the customer recommending the facility to friends and family on a scale of 0-10, with
only scores of 9 and 10 rated as promoters and scores of 0-6 regarded as detractors, This measure showed the Trust
score as 370/0 against a national average of 28,/0 across the UK. The Trust also started to utilise Google review scores
in 2023124 having seen an upsurge in cuslomers using this social media channel to publicly feedback on their
experience. Across all sites the Trusl Google Review score averaged 4,315.0. The Trust also continued to undertake a
range of targeted customer suNeys in areas such as Swim School, group exercise and catering to inform future planning
and investment. The Trust also introduced a new rigorous CEO standard on a quarterfy basis at all sites. These visits
provide an intemal customer focused lens on the operation and have helped identify opportunities to improve.
SOCIAL INCLUSION The Trust has continued to deliver concessionary use to Leisure Pass holders, Concessionary
prices continue to be extended to people on low income, senior citizens, students, juniors and people living with
disabilities, As described above the tmactive150 programme continued to promote low cost and some free access to
individuals and families leasl able to afford the facilities.
Page 7

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
CHARITABLE - The Community Fund that normally distributes 20/0 of profits was not available given the anticipated
trading deficit position of the Trust however over £9,000 worth of vouchers were distributed on request to local schools,
charities and clubs. The Trust continued to work with the local charity, Spadework in 2023124 to provide indirect support
through sponsored events and other activities. The tmactive golf day, sponsored events and the Step Up to Spadework
initiative with staff and customers raised over £5,000 for the charity.
ENVIRONMENTAL - TMBC has identified the extent of the carbon footprint of the leisure facilities as part of its overall
assets and a focus is being placed upon Carbon Descent Plans, especially at the swimming pool sites to help meet
TMBC'S target of becoming net zero by 2030. Current reduclions in electricity usage at Larkfield Leisure Centre following
the installation of a new roof and air handling plant are around 2.3 % and a further reduction in electricity has been
achieved by the installation of PV panels on the Sports Hall roof in March 2023. TMBC has now installed a further PV
array on the roof at Tonbridge Swimming Pool in March 2024. Successful bids by TMBC, supported by the Trust, to the
Swimming Pool Support Fund Phase 2 and the Public Sector Decarbonisation Scheme will see additional PV panels
installed at Larkfield and an air source heat pump to replace the gas boilers serving the fitness pool at Larkfield. The
Board approved a new draft Climate Change Strategy 2024-27 for the Trust designed to complement the TMBC Climate
Strategy and introducing a greater commitment to staff training and carbon monitoring. Senior managers have all
attended accredited Carbon Literacy training.
QUALITY - The Trust's historic commitment to Quest, the national quality scheme for sport and leisure, was put on hold
during the pandemic when the Quest scheme was effectively suspended. Changes to the scheme have been
implemented post-pandemic and the Trust re-engaged with Quest in 2023124. The three main indoor leisure sites
unde￿ent Quest Assessmenl and all achieved a rating of Very Good. The scheme now fomis part of the Moving
Communities platform launched duiing COVID by Sport England and designed to capture and benchmark parbcipation,
financial and qualitative performance within the sector. The Trust remains unable to benefit from the platfom in tems
of participation data due to technical and IT issues beyond its conlrol despite an upgrade of the Trust's Leisure
Management System. However, the platform has assisted in funding bids and the sector wide customer suNeys have
been a useful benchmark for the Trust. The normal quartedy Health & Safety Committee chaired by the Chief
Executive with retained extemal expert support met regularly in 2023124 and the Trust has re-committed to the industry
TM
accredited Leisuresafe standard.
STAFF - For the first time since Covid staff turnover in 2023124 fell below the expected level of 200/0 at 18.4 % (2023..
29.4 % ). This implies a return to greater stability in the workforce and less time and resources spent on recruitment,
selection and induction of new staff.
However, ongoing pay inflation remains an issue moving into 2024125 and in March 2024, the Board approved a pay
award of 5/0 for management and supervisory staff and 71 for frontline staff as the National Living Wage again
increased by 9.8010 on1 April 2024.
A range of Human Resource policies and procedures were approved by the Board throughout the year and a new staff
handbook was completed. All these resources are available to staff through Ihe new UKG App,
KEY PERFORMANCE INDICATORS
The Charitable Company's key performance indicators were..
2024
£11.1m
£10.5m
2023
£9.7m
£10.Om
Total Income versus Prior Year
Total Expenditure versus Prior Year
Wages as a 0/0 of turnover
Health & Fitness Membership Numbers 5,199
Swim & Spa Membership Numbers
1,598
Swim School Membership
3,470
4,718
1,505
3,444
Page 8

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRATEGIC REPORT
Achievement and performance
Publlc beneflt
The Charitable Company operates leisure centres that are open to the general public in order to deliver ils objects for the
public benefit.
The Trustees confirm they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to
the Charity Commission's general guidance on public benefit.
The Trustees have referred to the Charity Commission's general guidance on public benefit when reviewing the aims
and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute
to the aims and objectives they have set.
The Twst has been operating for eleven years and can clearfy demonstrate Suc￿sS against 'The Hallmarks of an
Effective Charity, outlined in the Charity Commission guidance of that name.
Disabled persons
The Charitable Company's policy is to give full and fair consideration to applications for employment by disabled
persons, having regard for their particular aptitudes and abilities. Disabled employees receive appropriate training to
promote their career within the organisation. Employees who become disabled are retained in their existing posts where
possible or retrained for suitable altemative posts,
Flnanclal revlew
Financial position
The Financial Statements reflect perf0rnan￿ in the eleventh year of the Trust and income from general trading, whilst
somewhat altered in temis of specific income streams, exceeded pre-pandemic levels. Total income rose to £11.11 m
Gompared to forecast of £9.75m and prior year income of £9.70m. The total cost of electricily and gas in 2023124 fell
from £1.77m in 2022123 to £1.53m due to softening of prices which allowed a reduction in the Ulilities Service Fee. By
way of comparison energy cosls in 2019120 were £586k. Despite reduced energy costs, overall expenditure was
£10.55m compared to budget forecast of £9.9m, The primary reason was staffing, largely in response to the increased
levels of income and particularly in swimming lessons and catering.
The Board had approved a budget that saw a likely trading deficit based on the extent of continued recovery and
significant inflationary pressures. This could be borne from reserves. Ultimately the year end operating surplus of
£559,025 therefore represented a significant outperformance in trading temis as income in key areas such as health and
fitness, casual swimming and courses was very strong.
The suspension of the tariff protection clauses has been extended to 2024125 and a Utilities Service Fee of £410,000
was included in the approved budget to mitigate the anticipated ongoing increased energy costs, The budget forecasts
a trading surplus of £139,250, representing 1.4'/0 of tumover which is recognised to be a prudent and sustainable way
forward. Renegotiation of the SeNice Fee for the four year period 2024-2028 has been completed and agreed to
continue at a zero sum with the caveat Ihat it will be re-negotiated should the Angel Centre be replaced by new facilities.
Page 9

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRATEGIC REPORT
Financial review
Reserves policy
The Trust's Two Year Business Plan was approved as a Schedule to Ihe Management Agreement between TMBC and
the Trust and contains an objective to review the Trust's Reserves Policy following Auditors advice and Charity
Commission guidance.
Previously the Trusvs reserve policy has been to hold a revenue reserve represented by a net current asset posilion of
not less than £500,000. During the year, a revised policy was considered and approved by the Board incorporating four
areas of reseNes as follows,.
Rlsks - for example the current cost of living and energy cost crises, the potential for competition retuming in Tonbridge
and the uncertainty surrounding the Angel Centre and current review of Gar parking Gharges.
Development Plans - this should consider planned investments and renewals where costs may not be met from
single yearfs incotne and reseNes may need to be built up.
Operational this should identify the level of working capital to cover seasonal fluctuations and anticipated strain on
cash llow during the financial year.
Contlngency - this would identify funds for unexpected events that may not be foreseen such as sudden closure of
facilities.
The level of reserves will be reviewed annually and currently the targeted reserve balan￿ is £1.7m.
Total Funds
Total funds held at 31 March 2024 show a surplus balance of £1,740,282 (2023.. surplus £1,243,257) of which £64,016
{2023: £9,242) were restricted.
The Charitable Company's unreslricted funds are made up as follows:
General Fund
The Trust has established a General Fund this provides a level of security and sustainability reflective of the overall size
of the organisation. Net current assels at 31 March 2024 were £828,179 (2023: £330,906).
Currently the Trust holds £1,529,162 {2023,' £1,035,198) of undesignated reserves within the General Fund before
accounting for the pension asseuliability which is currently £nil.
The Board has designated funds as detailed below..
IT Replacement Fund
In 2016117 the Trust reached agreement with TMBC to asset transfer the IT hardware for the rest of the conlracl period.
This decision was approved by the Board and a lump sum of£200,000 was paid to the Trust. New IT hardwa￿ has been
purchased and the balan￿ is placed in a designated reserve to allow future replacement which currently holds £125,927
(2023.. £128,640).
Page 10

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRATEGIC REPORT
Financlal revlew
Telephone Replacement Fund
In 2021122 the Trust reached agreement with TMBC to asset transfer the telephony hardware for the rest of the contract
period. The decision was approved by the Board and a lump sum of £35,300 was paid to the Trust. The changing face
of telephony seNices resulted in purchase of hardware and new licenGing arrangements and the balance is pla￿d in a
designated reserve to allow for future replacement that Currently holds £21,177 (2023,, £21,177).
FRS 102 Pension Fund
Total unrestricted funds before accounting for the pension position held at the 31 March 2024 were £1,676,266, A
pension asseuliability of £nil (2023.. surplus £49,000) has been included in the Financial Statements to comply with the
provisions of FRS 102. After accounting for the pension position, total funds including restricted funds amount to a
surplus balance of £1,740,282 (2023.. surplus £1,243,257).
Restrlcted Fund
Total restricted funds held at the 31 March 2024 were £64,016 (2023.. £9,242).
Investment Pollcy
There are no investments held beyond cash deposits retained with the major UK clearing banks.
Risk management
The Trustees have a duty to identify and review Ihe risks to which the charity is exposed and to ensure appropriate
controls are in place.
The Board has approved a series of detailed risk statements which fom the Trust's Corporate Risk Register. Each of
the identified risks is rated based upon likelihood and severily and prioritised as a consequen￿. Risk Managers are
identified, The Regisler includes corporate risk, business continuity issues and high level operational risks. An
individual Trustee was appointed as the Board Risk Champion and helped guide and develop the Register which is
reviewed annually or more frequently by exception.
The Corporate Risk Register is arranged under a number of key headings with examples shown below
Charitable Status - changes to or failure to comply with charitable legislation and objectives
Company Legislation - changes to or failure to Comply with company legislation
Relationship with Council - failure to secure contract extension past 2033 andlor change in local authority policy
Health & Safely Legislation - changes in legislation andlor serious breach of legislative requirements
Data Protection & IT Security- breach of dala protection legislation andlor cyber attack
Environmental Issues I Climate Change - breach or change in legislation andlor long term adverse environmental
conditions especially on outdoor facilities
Business Continuity- loss or failure of key suppliers including IT syslems providers and severe recruitment difficulties
Financial Sustainability - general inflation including utilities costs andlor withdrawal of local authority funding support
through changes to the Management Agreefflent
SeNice Disruption - major plant or equipment failure, fire, flood or pandemic
FUNDS HELD AS CUSTODIAN TRUSTEE ON BEHALF OF OTHERS
Neither the Charitable Company nor any of its Trustees held any funds as custodian Trustee.
Page11

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRATEGIC REPORT
Plans for future perlods
The Trust's Two Year Business Plan covering the period from 1 April 2023 to 31 March 2025 has been approved by the
Board and TMBC. The plan anticipated progress towards the crucial decision conceming the future of the Angel Centre,
finalisation of the SeNice Fee until 31 March 2028 and the succession plan that sees a new Chief Executive in post.
The latter two issues above have been resolved but progress regarding the Angel Cenlre remains criti¢al to the future of
the Trust. TMBC has taken an 'in principle, decision to demolish the existing centre subject to determining a site for a
new facility. The feasibility study to identify a site and the actual content in temis of provision is currently in progress
and the Trust has been a key consultee in terms of the business planning element of the study.
The Business Plan also identified further strategic objectives including implementation of the workforce management
software, introduction of new HR and Digital strategies and a seamless transition through the approved Succession Plan
to the new Chief Executive and restructured Executive Management Team, all of which have progressed.
A further review of capital development options has been presented to the Board and inveslment is planned in 2024125
in the health suite at TSP, wet changing rooms at LLC, Gourse improvements at PWG and development of the reception
area at LLC which it is hoped will follow the trial at PWG to become a cashless operation.
The Trust continues to be open to the possibility of further collaboration with other Parish Councils and retains an
interest in any consideration by TMBC of future opportunities including Haysden Country Park and Tonbridge Castle.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charitable Company, a company limited by guarantee, was established under a Memorandum of AssoGiation which
fomed the objects and powers of the Charitable Company and is govemed under its Articles of Association.
Recruitment and appointment of new Trustees
The current Board consists of 11 Trustees of which 8 are Community Trustees. Recruitment of Community Trustees is
subject to general advertisement and approval of the Board in accordan￿ with the Articles of Associalion. Recruilment
will highlight relevant skills and experience that are deemed appropriate to complement the existing profile of Trustees.
New Community Trustees will be required to live andlor work wilhin Ihe Borough to ensure truly local interest and
representation. The appointment of the Staff Trustee will be at the approval of the Board and through a transparent
process that allows consideration of any permanently contracted employee of the Trust whether full or part time.
In addition to Ihe 8 Community Truslees and the Staff Twstee, the Leader of Tonbridge & Malling Borough Council
nominates two Members to the Board making up the full complement of11, At 31 March 2024 there was one vacancy on
the Board. Aocording to the Articles of Association three Trustees retired by rotation al the Annual General Meeting held
in December 2023. All three retirees, Alan Nicholl, Simon White and Pia Philbey were unanimously re-elected. The
Chair, Alan Nicholl was re-elected unopposed and Simon White was re-elected unopposed to the role of VI￿ Chair.
Following the year end one Trustee, Sarah King, resigned and kn new Trustees, Antony Burdon and Jacqueline Buttery
weie appointed to return the Board to its full complement.
Organlsatlonal structure
Day-to-day management of the Charitable Company is delegated to the Executive Management Team who report to the
Board of Trustees.
Page 12

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Board Meetlngs
The Board had 4 scheduled General Meetings in 2023124. The Annual General Meeting was held in December 2023.
The Board received detailed quarterly updates at Board meetings in respect of the financial position, strategic and key
operational matters, staff and customer related issues. One EGM was held to approve the audited Financial Statements
for the year ended 31 March 2023 logelher with the Report of the Trustees and a further EGM was held to consider the
Service fee offer to TMBC and to brief Trustees on progress surrounding the future of the Angel Cenlre.
Induction and training of new Trustees
Induction of new Trustees is undertaken using the original Induction Pack prepared by WS Law Ihat outlines the duties
and responsibilities of a Director and Truslee. WS Law continue to be retained by the Trust and can deliver the training
directly if felt appropriate.
The Chair and the Chief Executive will provide a comprehensive introduction to the facilities, background to the Trust,
business, operational and financial plans, In addition, the Chair and the Chief Executive will provide a detailed oveniiew
of the suite of documents that form the agreement between the Trust and Tonbridge & Malling Borough Council.
Remuneratlon of Key Management Personnel
In 2023124 an approved cost of living award of 51 was made to all key management personnel, The Board approved
succession plan resulted in the redundancy of the Head of Operations {South) and the appointment into a new role of a
Deputy Chief Executive intended to SuC￿ed the current Chief Executive on his planned retirement on 31 August 2024.
The approved interim structure also saw the redesignalion and regrading of the Head of Operalions (North) and Ihe
Head of Finance to the posts of Chief Operating Offi￿r and Chief IFinancial Officer respectively.
The Board considers the recommendation of the Chief Executive annually in the context of the overall draft budget.
Factors taken into account include national pay inflation figures, affordability, local competitors in relevant areas of the
business and the Community Leisure UK Annual HR report which benchmarks rates of pay across all roles within the
sector nalionally and by region and in this instance the restructuring of the Executive Management Team.
Engagement with employees
Staff notice Boards displaying urgent matters and points of interest along with insurance ￿rtificateS for public and
employee liability are maintained in each of the staff rooms across all sites. Information Boards containing operating
performance metrics are in the process of being developed and rolled out to the majority of sites.
The implementation of the UKG workforce management system has allowed for greater engagement. All policies are
available on the plafform along with the staff handbook. The system also allows staff to request shift changes and annual
leave as well as providing the platform for automated timesheets and clocking in.
Biennial Line Manager meetings are held, everyone in a supeTViSQry role is asked to attend along with the CEO, DCE
and COO. Financial and operating performance are relayed with the intention of this being passed on to all employees.
There is opportunity for the discussion of key issues with senior management requesting suggestions and questions.
The Trustees receive staff related infomialion at each Board Meeling and are responsible for approving pay reviews, any
potential restructures, and all HR policy documents. There is a staff Trustee elected by Iheir colleagues, who is equal in
status to the other Board Members.
A number of Ihe current Trustees are regular users of the Tmst's facilities and thereby have infomial direcl access to
staff members outside of senior management.
Page 13

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08447331 (England and Wales)
Registered Charity number
1154831
Reglstered office
1-5 Martin Square
Larkfield
AYLESFORD
Kent
ME20 6QL
Trustees
A Nicholl
S King (resigned 20 April 2024)
M Davis
K Bennett
D Scott
T Bishop
S White
P Philbey
S Ratnam
K Tunstall (appointed 11 September 2023)
A Burdon {appointed 3 June 2024)
J Buttery {appointed 3 June 2024)
Company Secretary
D Sayle
Auditors
Mccabe Ford Williams
Slatutory Auditors and Chartered Accountants
Building 1063
Cornforth Drive
Kent Science Park
Sittingboume
Kent
ME9 8PX
Sollcltors
Winckworth Sherwood
Minerva House
5 Montague Close
London
SE198B
Page 14

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS . contlnued
Bankers
National Weslminster Bank PIC
Chatham Cuslomer Service Centre
Western Avenue
Waterside Court
Chatham Maritime
Chatham
Kent
ME4 4RT
Company tradlng name
tmactive
Executive management team
Members of the team for the whole financial period were..
M Guyton Chief Executive
D Sayle Chief Financial Officer
K Brimsted Chief Operating Officer
W Parker Head of Sales and Marketing
l Mansfield Head of Facilities and Compliance
C Bushell Human Resources Manager
E Alexander Catering Manager
Members of the team for part of the financial year were:
E Wood Deputy Chief Executive - appointed 19 June 2023
G Littlejohn Head of Operalions - left 30 June 2023
Page15

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also the directors of Tonbridge and Malling Leisure 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) including Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland..
Company law requires the Trustees to prepare financial statemenls for each financial year which give a true and fair
view of the state of affairs of the Charitable Company and of the incoming reSoU￿S and application of resou￿$,
including the income and expenditure, of the Charitsble Company for that period, In preparing those financial
statemenls, the Trustees are required to
select suitable a￿OuntIng policies and then apply them consistently.,
observe the methods and principles in the Charity SORP.,
make judgements and estimates that are reasonable and prudenl,.
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charitable
Company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any
time the financial position of the Charitable Company and to enable Ihem to ensure that the financial statements comply
with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware..
there is no relevant audit information of which the Charitable Company's auditors are unaware,. and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit
infomiation and to eslablish Ihat the auditors are aware of that infomation.
Report of the Trustees, incorporating a strategic report, approved by order of the Board of Trustees, as the company
directors, on 2 September 2024 and signed on the Board's behalf by..
Alan Char
es Nicholl - Trustee
Page 16

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TONBRIDGE AND MALLING LEISURE TRUST
Oplnion
We have audited the financial statements of Tonbridge and Malling Leisure Trust (the 'Charitable Company,) for the year
ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow
Statement and notes to the financial statements, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland,.
In our opinion the financial statements,.
give a true and fair view of the state of the Charitable Company's affairs as at 31 March 2024 and of ils incoming
resources and applicalion of reSoUr￿s, including its income and expenditure, for the year then ended,
have been properly prepared in accordance with United Kingdom Generally AG¢epted Accounting Practice, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those slandards are further described in the Auditors, responsibilities for the audit of the
financial stalements section of our report. We are independent of the Charitable Company in accordance with the
ethical requiremenls that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainlies relating to events or conditions
that, individually or collectively, may cast significant doubt on the Charitable Company's ability to continue as a going
concern for a period of at leasl twelve monlhs from when the financial statements are authortsed for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant
sections of this report.
other information
The Trustees are responsible for the other infomialion. The other information comprises the information included in the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon,
Our opinion on the financial statements does not cover the other information and, except to the extent othe￿iSe
explicitly stated in our report, we do not express any form of assurance Gonclusion thereon.
In connection with our audit of the financial slatemenls, our responsibility is to read the other information and, in doing
so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge
obtained in the audit or othe￿iSe appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have perfomied, 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.
Oplnions on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course ofthe audit:
the information given in the Report of the Trustees for the financial year for which the financial statements are
prepared is consistent with the financial statements,. and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page17

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TONBRIDGE AND MALLING LEISURE TRUST
Matters on which we are required to report by exceptlon
In the light of the knowledge and understanding of the Charitable Company and its environment obtained in the course
of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you
if, in our opinion..
adequate accounting records have not been kept or retums adequate for our audit have not been received from
branches not visited by us., or
the financial statements are not in agreement with the accounling records and returns,. or
certain disclosures of Trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Statement of Trustees, Responsibilities, the Trustees (who are also the directors of Ihe
Charitable Company for the purposes of company law) are responsible for the preparation of the financial statements
and for being satisfied thal they give a true and fair view, and for such internal control as the Trustees determine is
necessary to enable the preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Charitable Company's ability to
continue as a going concern, disclosing. as applicable, matters related to going concern and using the going concern
basis of accounting unless the Trustees either intend to liquidate the Charitable Company or to cease operations, or
have no realistic altemative but to do so.
Page 18

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TONBRIDGE AND MALLING LEISURE TRUST
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from
material misslatemenl, whelher due to fraud or error, and to issue a Report of the Independent Auditors that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud
or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
We assessed the susceptibility of Ihe Charitable Company's financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by..
making enquiries of management as to where they considered there was susceptibilily to fraud, their knowledge of
actual, suspected and alleged fraud,.
considering the internal controls in pla￿ to mitigate risks of fraud and non-compliance wilh laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
perfomied analytical procedures to identify any unusual or unexpected relationships.,
tested joumal enlries to idenlify unusual transactions,.
reviewed management conlracts where contract variations had arisen.
assessed whether judgements and assumptions made in determining the accounting estimates set out in note 1 were
indicative of potential bias. and
investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures, which
included, but were nol limited to..
agreeing financial statement disclosures to underlying supporting documentation,.
reading the minutes of meetings of those charged with governance;
enquiring of management as to actual and potential litigation and claims., and
reviewing correspondence with HMRC and the relevant regulator.
There are inherent limitations in our audil procedures described above. The more removed that laws and regulations are
from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also
limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Committee of
Management and other management and the inspection of regulalory and legal correspondence, if any. Material
misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve
deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at www.frc.org.uklauditorsresponsibilities. This description foms part of our Report of the Independent
Auditors.
Page19

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TONBRIDGE AND MALLING LEISURE TRUST
Use of our report
This report is made solely to the Charitable Company's members, as a body, in accordance with Chapler 3 of Part16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charitable Company's
members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest
extent permitted by law, we do not a¢￿pt or assume responsibility to anyone other than the Charitable Company and
the Cha
le Company's members as a body, for our audit work, for this report, or for Ihe opinions we have fonned.
ir Rayner FCA DChA (Senior Statutory Auditor)
for and on behalf of Mccabe Ford Williams
Statutory Auditors and Chartered Accountants
Building 1063
Cornforth Drive
Kent Science Park
Sittingboume
Kent
ME9 8PX
Date.. 2 September 2024
Page 20

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
31,3.24
Total
funds
31.3.23
Total
funds
Unrestricted
funds
FRS102
Restricted
funds
Pension
Notes
INCOMEAND ENDOWMENTS
FROM
Charitable actlvitles
Operation of leisurelgolf
centreslcountry park
10,997,578
58,455
11,056,033
9,690,229
Investment income
50,657
50,657
9,785
Total
11,048,235
58,455
11,106,690
9,700,014
EXPENDITURE ON
Charltable activities
Operation of leisurelgolf
centreslcountry pafk
10,556,384
13,000}
4,281
10,547,665
10,012,195
Total
10,556,384
13,000)
4,281
10,547,665
10,012,195
NET INCOMEI(EXPENDITURE)
Transfers between funds
other recognised
gainsl{losses)
Actuarial gainsl(losses) on
defined benefit schemes
491,851
(600)
13,000
54,174
600
559,025
(312,181)
16
62,000)
62,000
1,761,000
Net movement In funds
491,251
(49,000)
54,774
497,025
1,448,819
RECONCILIATION OF FUNDS
Total funds brought forward
1,185,015
49,000
9,242
1,243,257
(205,562)
TOTAL FUNDS CARRIED
FORWARD
1,676,266
64,016
1,740,282
1,243,257
The notes form part of these financial statements
Page 21

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
REGISTERED NUMBER. 08447331
BALANCE SHEET
31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
funds
FRS102
Restricted
funds
Pension
Notes
FIXED ASSETS
Tangible assets
10
855,509
56,594
912,103
863,351
CURRENT ASSETS
Stocks
Debtors
Investments
Cash at bank and in hand
11
12
13
116,190
403,459
962,442
849,804
116,190
403,459
962,442
857,226
98,238
271,274
252,783
1,061,936
7,422
2,331,895
7,422
2,339,317
1,684,231
CREDITORS
Amounts falling due within one
year
14 (1,511,138)
(1,511,138) {1,353,325)
NET CURRENT ASSETS
820,757
7,422
828,179
330,906
TOTAL ASSETS LESS
CURRENT LIABILITIES
1,676,266
64,016
1,740,282
1,194,257
PENSION ASSET
17
49,000
NET ASSETS
1,676,266
64,016
1,740,282
1,243,257
FUNDS
Unrestricted funds
Restricted funds
16
1,676,266
64,016
1,234,015
9,242
TOTAL FUNDS
1,740,282
1,243,257
The financial statements were approved by the Board of Trustees and authorised for issue on 2 September 2024 and
were signed on its behalf by..
Alan Chartes Nicholl - Trustee
The notes form part of these financial statements
Page 22

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
31.3.23
Notes
Cash flows from operating activities
Cash generated from operations
609,469
132,714
Net cash provided by operating activitie5
609,469
132,714
Cash flows from investing activities
Purchase of tangible fixed assets
Deposit account investment movement
Interest received
1155,177)
(709,659)
50,657
{72,999)
(250,204)
9,785
Net cash used in invesling activities
814,179)
313,418)
Change in cash and cash equivalents in
the reportlng perlod
Cash and cash equlvalents at the
beginning of the reporting period
(204,710)
(180,704)
1,061,936
1,242,640
Cash and cash equlvalents at the end of
the reporting period
857,226
1,061,936
The notes form part of these financial statements
Page 23

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.3.24
31,3.23
Net incomel(expenditure} for the reportlng period (as per the
Statement of Financlal Activities)
Adjustments for;
Depreciation charges
Interest received
Increase in stocks
{Increase)Idecrease in debtors
Increase in creditors
Difference between pension charge and cash contributions
559,025
(312,181)
106,425
{50,657)
(17,952}
{132,185)
157,813
13,000)
105,149
(9,785)
(17,481)
133,815
98,197
135,000
Net cash provlded by operations
609,469
132,714
ANALYSIS OF CHANGES IN NET FUNDS
At1.4.23
Cash flow
At 31.3.24
Net cash
Cash al bank and in hand
1,061,936
204,710}
857,226
1,061,936
204,710
857,226
Liquid resources
Deposits included in cash
Current asset investments
252,783
709,659
962,442
252,783
709,659
962,442
Total
1,314,719
504,949
1,819,668
The notes form part of these financial statements
Page 24

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Tonbridge and Malling Leisure Trust is a private company limited by guarantee. registered in England and Wales.
The company is also a Charity registered in England and Wales. The company number, charity number and
registered office can be found on the company information page. The presentstion currency is GBP and numbers
are not rounded within the financial statements.
Basis of preparing the financial statements
The financial slatements of the Charitable Company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102) {effective1 January 2019),, Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Critical accounting Judgements and key sources of estimation uncertalnty
In the application of the company's accounting policies management is required to make judgements, estimates
and assumptions about the carrying value of assets and liabilities that are not readily apparent from other
sources. The estimates and underlying assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from the estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimales
are recognised in the period in which the estimate is revised if the revision affecls only that period, or in the
period of the revision and future periods if the revision affects both current and future periods.
Management consider the key sources of estimation uncertainty. deprecialion and amortisation charges for
assets included in the Statement of Financial Position based on the estimated useful economic life of the assets
and deferred and accrued income is recorded over the period for which the memberships relate.
In addition to the above, the present value of the Local Government Pension Scheme defined benefit asset I
liability depends on a number of factors that are detemined on an acluarial basis using a variety of assumptions.
The assumptions used in determining the net cost (income) for pensions include the discount rate. Any ¢hanges
in these assumplions, which are disclosed in note 17, will impact the carrying amount of the pension liability.
Furthermore, a roll forward approach which projects results from the latest full triennial actuarial valuation
performed al 31 March 2022 has been used by the actuary in valuing the pension position at 31 March 2024. Any
differences between the figures derived from the roll fO￿ard approach and a full actuarial valuation would impact
on the carrying amount of the pension asset I liability.
Going concern
The series of national and intemational events that triggered lockdown, an exponential increase in energy prices
and significant rises in the rate of inllation appear to have abated, al least for Ihe time being. Membership levels
and attendance at the Trust's facilities is now higher than pre-pandemic levels, utility prices, although still
significanlly higher than they were prior to the Ukraine war, have softened considerably and the UK'S inflation
rate has reduced and stabilised.
Although future geopolitical events could give rise to similar economic circumstances, consideration has been
given to the risks facing the Trust and the mitigations available and it is deemed Ihat through a combination of
factors detailed below that the Charitable Company is in a strong posilion to cope with any resultant adverse
impacts, should they arise.
Page 25
conlinued,.,

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS . contlnued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES- continued
Golng concern
The Trust's recent trading performance has created a strong reseNe position in terms of liquid funds in
the form of current accounts and fixed term, interest bearing deposits,
Forecast performance by way of detailed budgeting for the year ended 31 March 2025 and cashflow
forecasting for a further year suggests that the Trusys financial position will continue to remain strong.
A utility tariff protection agreement with TMBC, by which the Charitable Company is protected against
increases above inflation in the price of gas and electricity remains in place.
In respect of the tariff protection agreement, the Charilable Company have successfully negotiated an
amendment by which a service fee arrangement provides for quarterly interim payments made to the
Charitable Company by TMBC in order to protect cash flow throughout the year.
The Executive Management Team continue to work with TMBC via regular strategic level meetings on a
financially transparent basis to ensure the sustainable future of the Charitable Company.
Arrangements have been made for investment by TMBC in energy savings schemes at operational sites,
some of which are already in place with others planned for future implementalion. This is with the view
of reducing energy costs but is in line with the Council's slated policy target of becoming net zero by
2030.
It is considered that the demography of the Charitable Company's customer base will conlinue to protect
the Trust should any detertoration in the cost of living arise. However, the Board will continue to monitor
the position and support largeted offers with the aim of minimising any reduction in customer levels.
As a result of the strong reserves posilion and the mitigating actions detailed above the Board believes that no
material uncertainty exists and Ihat the Charitable Company will remain able to meet its financial obligations as
they fall due for the foreseeable future and it has therefore prepared the financial stalemenls on a going concern
basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is
probable that the income will be received and the amount can be measured reliably.
Government grants
Government grants are recognised when it is reasonably ￿rtain that the condilions attached to the grant are
met. Income from grants is recognised when there is evidence of entitlement to the gift, receipt is probable and
its amount can be measured reliably.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and
has been classified under headings that aggregate all cost related to the category. Where cosls cannot be
direclly attributed to particular headings they have been allocated to activities on a basis consistent with the use
of reSoUr￿s.
Redundancy I termination payments
Redundancy costs are recognised in the statement of financial activilies in the financial period the entity is
demonstrably committed to terminate employment or make payment due to an offer made to encourage
redundancy.
Page 26
continued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES- continued
Allocatlon and apportlonment of costs
Charitable activities are Ihose costs incurred direclly in the running of each of the recreation and leisure siles.
Charitable activities are split into leisure activities, which are those costs incurred directly in the running of each
of the sites, and support costs which are those costs incurred directly in support of expenditure on the objects of
the Charitable Company. Governance costs are those incurred in the governance of Ihe Charitable Company
and its assets and are primarily associated with constitutional and statutory requirements.
Tangible fixed assets
Fixed assets costing in excess of £2,000 are shown in the financial statements at cosl including irrecoverable
VAT in respect of these assets. Depreciation is provided at the following annual rates in order to write off each
asset over its estimated useful life.
Office equipment- slraight line over 5 to10 years
Plant and machinery- straight line between 3 to10 years
Improvements to leasehold property- straight line over remaining term of lease (3111012033)
Current asset investments
Funds held within deposit accounts with an original maturity date of over three months are classified under
current asset inveslments.
Stocks
Stocks are valued at the lower of cost and net realisable value, on a first-in-first-out basis, after making due
allowance for obsolete and slow moving items.
Taxation
The Charitable Company is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds are incoming reSoUr￿S receivable or generated for the objects of the Charitable Company
withoul further specified purpose and are available as general funds or designated funds, which are set aside by
the Trustees for a specific purpose.
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these
criteria is charged to the funds.
Penslons
The Charitable Company operates a pension scheme through Kent County Council providing benefits based
previously on final pensionable pay but amended fomi 1 April 2014 to career average revalued eamings (CARE).
The assets of the scheme are held separately in an independently administered fund, Tonbtidge & Malling
Borough Council has given a legal undertaking indemnifying the Charitable Company in respect of all transferring
staff. Employees who joined the Charitable Company after the point of the business transfer are classified within
'Limb c, and it is the pensions of these employees which the Charitable Company is liable for. Accordingly, the
rinancial statements for the year ended 31 March 2024 show a pension assevliabilily of £nil (2023 asset..
£49,000) as calculated by the scheme actuary.
Page 27
conlinued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES . continued
Pensions- continued
The LGPS is a funded multi-employer scheme and the assets are held separately from those of the Trust in
separate Trustee administered funds. Pension scheme assets are measured at fair value and liabilities are
measured on an actuarial basis using the projected unit credit method and discounted at a rale equivalent lo the
current rate of return on a high quality corporate bond of equivalent temi and currency to the liabilities. The
actuarial valuations are obtained at least triennially and are updated at each balance sheet date. The amounts
charged to operaling surplus are the current seTvice costs and the costs of scheme introductions, benefit
changes, settlements and curtailments. They are included as part of staff costs as incurred. Net interest on the
net defined benefit liabilitylassel is also recognised in the Statement of Financial Activities and comprises the
interest cost on the defined benefit obligation and interest income on the scheme assets, calculated by
rnultiplying the fair value of the scheme assets at the beginning of the period by the rate used to discount the
benefit obligations. The difference between the interest income on the scheme assets and the actual return on
the scheme assets is recognised in other recognised gains and losses. Actuarial remeasurement gains and
losses are recognised immediately in other recognised gains and losses.
In addition, the Charitable Company operates a defined contributions pension scheme for new staff, the cost of
which is charged to the Statement of Financial Activities as incurred.
Financial instruments
The company enters into basic financial instruments thal result in the recognition of financial assets and liabilities
like trade and other accounts receivable and payable, loans from banks and other third parties and loans to
related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter slated at amortised cost using the
effeclive interest method, less impaiment losses for bad and doubtful debts except where the effect of
discounting would be immaterial, In such cases, the receivables are stated at cost less impairment losses for
bad and doubtful debts.
b) Cash and cash equlvalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financlal assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period
for objective evidence of impairment. If objective eviden￿ of impairment is found, an impairment loss is
recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as thè differen￿ between an
asset's carying amount and the present value of estimated cash flows discounted at the asset's original effective
interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impaimient loss
is the current effective interest rate deterniined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference
between an asset's carying amount and the best estimate, which is an approximation, of the amount that the
company would receive for the asset if it were to be sold at the reporting date.
Page 28
continued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES. contlnued
Financial Instruments
d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future
payments and subsequently at amortised cost using the effective interest method. Debt instruments that are
payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted
amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term
instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business
terms or financed at a rate of interest thal is not a market rate or in case of an outright short-tenn loan not at
market rate, the financial asset is measured, initially and subsequently, at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when
there is an enfor￿able right to set off the recognised amounts and there is an intention lo settle on a net basis or
to realise the asset and settle the liability simultaneously.
Impalrment of non.financial assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed, to
determine whether there is an indication that an asset may be impaired. If there is an indication of possible
impaiment, the recoverable amount of any asset or group of related assets, which is the higher of value in use
and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount
is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is
recognised immediately in profit and loss.
Inventories are also assessed for impaimient at each reporting dale. Each ilem of inventory is Compared to the
last sold date and an impairment loss recognised on a percentage basis in profit and loss.
If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is
increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been
detemiined had no impaimienl loss been recognised for the asset or group of related assets in prior periods. A
reversal of an impairment loss is recognised immediately in profit and loss.
Servlce concesslons arrangements
The Charitable Company has a Service Contract with Tonbridge & Malling Borough Council for the operation of
leisure centres, golf courses, and a country park owned by the Council to which it has lease and management
setvice contracls. Tonbridge & Malling Borough Council has rights under the contracls to specify the activities
offered by the centres and the minimum standards for the setvi¢es to be provided.
Property, plant and equipment
The buildings and plant at the centres are leased to the Charitable Company as part of the overall contractual
relationship with Tonbridge & Malling Borough Council but the Council maintains ultimate control of these assets.
Accordingly the access which the Charitable Company has in the use of these assets is to enable it to operate
the leisure centres, golf courses and country park, so that the Charitable Company can provide the public seNice
it is contracted to provide, not to effectively own these public SeN1￿ assets. These assets are therefore not
recognised on the Charitable Company's Balance Sheet. Improvements to property funded by the Trust are
shown in Ihe balance sheet as fixed assets and are depreciated over the term of the lease,
Page 29
continued.

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS . contlnued
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENT INCOME
31,3,24
31.3.23
Deposit account interest
50,657
9,785
INCOME FROM CHARITABLE ACTIVITIES
31.3.24
31.3.23
Activity
Leisure centre income
Operation of leisurelgolf centreslcountry park
10,996,670
9,682,283
Insurance claim
Operation of leisu￿1gQlf centreslcountry park
908
Grants
Operation of leisurelgolf centreslcountry park
58,455
7,946
11,056,033
9,690,229
Grants received, included in the above, are as follows..
31.3.24
31.3.23
KCC Reconnect grant
KSP Leasehold Grant
7,946
58,455
58,455
7,946
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 5)
Direct
Costs
Totals
Operation of leisurelgolf centreslcountry
park
9,446,955
1,100,710
10,547,665
SUPPORT COSTS
Governance
costs
Management
Totals
Operation of leisuielgolf centreslcountry park
1,074,788
25,922
1,100,710
Page 30
continued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS . contlnued
FOR THE YEAR ENDED 31 MARCH 2024
NET INCOMEI{EXPENDITURE)
Net incomel(expenditure) is stated after chargingl(crediting):
31.3.24
31.3.23
Audit Fee
Other non-audit services
Depreciation - owned assets
12,400
2,430
106,425
11,241
1,775
105,149
TRUSTEES, REMUNERATION AND BENEFITS
Staff Trustees only receive remuneration in respect of services they provide undertaking their roles as staff and
not in respect of Iheir seNices as Trustees. Other Trustees did not receive any payments, other than expenses,
from the Charitable Company in respect of Iheir role as Trustees. The value of the Trustees, remuneralion during
the period was as follows,.
K Bennett (Staff Trustee) £21,617 (2023.. £18,451), pension contributions £5,140 {2023.' £3,369).
Trustees, expenses
During the period, reimbursed expenses amounting to £nil {2023.' £nil) were paid to Trustees.
STAFF COSTS
31.3.24
31.3.23
Wages and salaries
Social security costs
Defined benefit pension costs
Defined contribution pension costs
Severance payments
5,193,918
353,858
184,854
105,592
32,526
4,711,550
318,190
298,238
84,506
5,870,748
5,412,484
During the period, the Charitable Company entered into a settlement agreement with one member of staff which
gave rise to a severance payment of £32,526 {2023.' £nil).
The average monthly number of employees during the year was as follows:
31.3.24
31.3,23
Senior management
Leisure activities
Support
402
12
375
11
422
395
Page 31
continued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
STAFF COSTS . contlnued
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
31.3.24
31.3.23
£60,001- £70,000
£70,001- £80,000
£110,001- £120,000
£120,001- £130,000
The total amount of employee benefits received by key management personnel (KMP) is £747,31612023'.
£688,783). Those considered to be KMP are listed on page 15 of the Trustees report.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
FRS102
funds
Pension
Reslricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Operation of leisurelgolf centreslcounty park
9,682,283
7,946
9,690,229
Investment income
9,785
9,785
Total
9,692,068
7,946
9,700,014
EXPENDITURE ON
Charitable activities
Operation of leisurelgolf centreslcountry park
9,846,707
135,000
30,488
10,012,195
NET INCOMEI(EXPENDITURE)
other recognlsed galnsl(losses)
Actuarial gains on defined benefit schemes
{154,639)
(135,000)
{22,542)
{312,181)
1,761,000
1,761,000
Net movement in funds
{154,639)
1,626,000
(22,542}
1,448,819
RECONCILIATION OF FUNDS
Total funds brought forward
1,339,654
(1,577,000)
31,784
(205,562)
TOTAL FUNDS CARRIED FORWARD
1,185,015
49,000
9,242
1,243,257
Page 32
conlinued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2024
10. TANGIBLE FIXED ASSETS
Improvements
to
property
Plant and
machinery
Office
equipment
Totals
COST
At1 April 2023
Additions
Disposals
1,068,997
74,359
295,113
71,099
72,699
9,719
2,100)
1,436,809
155,177
2,100)
At 31 March 2024
1,143,356
366,212
80,318
1,589,886
DEPRECIATION
At1 April 2023
Charge for year
Eliminated on disposal
337,980
76,301
175,073
25,916
60,405
4,208
2,100)
573,458
106,425
2,100)
At 31 March 2024
414,281
200,989
62,513
677,783
NET BOOKVALUE
At 31 March 2024
729,075
165,223
17,805
912,103
At 31 March 2023
731,017
120,040
12,294
863,351
11. STOCKS
31.3.24
31.3.23
Stocks
116,190
98,238
Page 33
continued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade debtors
other debtors
Prepayments and accrued income
231,962
709
170,788
68,370
4,725
198,179
403,459
271,274
13. CURRENT ASSET INVESTMENTS
31.3.24
31.3.23
Deposit Accounts
962,442
252,783
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3,23
Trade creditors
Social security and other taxes
VAT
Other creditors
Deferred income
Accrued expenses
309,690
107,561
56,056
79,254
620,871
337,706
159,211
78,874
131,622
59,875
512,704
411,039
1,511,138
1,353,325
15. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows..
31,3.24
31.3.23
Within one year
Between one and five years
56,986
15,860
54,986
31,375
72,846
86,361
The Charitable Company holds a lease of £37,000 per annum for office rental which ends 31 March 2028,
however this lease can be Can￿lled with 12 months notice.
Page 34
continued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
16. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.3.24
At1.4.23
Unrestricted funds
General fund
IT Replacement Fund
FRS102 Pension
Telephone replacement
1,035,198
128,640
49,000
21,177
494,564
(2,713)
(49,000)
(600)
1,529,162
125,927
21,177
1,234,015
442,851
(600)
1,676,266
Restricted funds
KCC Reconnect
KSP Leasehold Grant
9,242
(1,820)
55,994
7,422
56,594
600
9,242
54,174
600
64,016
TOTAL FUNDS
1,243,257
497,025
1,740,282
Net movement in funds, inGluded in the above are as follows.,
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
IT Replacemenl Fund
FRS102 Pension
11,048,235 {10,553,671)
12,713)
13,000
494.564
(2,713)
49,000)
62,000)
11,048,235 (10,543,384)
(62,000)
442,851
Restricted funds
KCC Reconnect
KSP Leasehold Grant
(1,820)
2,461)
(1,820)
55,994
58,455
58,455
4,281
54,174
TOTAL FUNDS
10,547,665
11,106,690 ￿ ￿62 000)
497,025
Page 35
continued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2024
16. MOVEMENT IN FUNDS- continued
Comparatlves for movement in funds
Net
movement
in funds
At
31.3.23
At 1,4.22
Unrestricted funds
General fund
IT Replacement Fund
FRS102 Pension
Telephone replacement
1,155,151
149,203
(1,577,000)
35,300
(119,953)
(20,563)
1,626,000
14,123)
1,035,198
128,640
49,000
21,177
(237,346)
1,471,361
1,234,015
Restrlcted funds
KCC Reconnect
31,784
(22,542)
9,242
TOTAL FUNDS
205,562)
1,448,819
1,243,257
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
IT Replacement Fund
FRS102 Pension
Telephone replacement
9,692,068
{9,812,021)
(20,563)
(135,000}
14,123)
(119,9531
{20,563)
1,626,000
14,123
1,761,000
9,692,068
{9,981,707}
1,761,000
1,471,361
Restricted funds
KCC Reconnect
7,946
130,488)
(22,542)
TOTAL FUNDS
9,700,014
10,012,195)
1,761,000
1,448,819
Page 36
continued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
16.
MOVEMENT IN FUNDS . contlnued
A current year12 months and prior year12 months combined position is as follows:
Net
movement
in funds
Transfers
between
funds
At
31.3.24
At1.4.22
Unrestricted funds
General fund
IT Replacement Fund
FRS102 Pension
Telephone replacement
1,155,151
149,203
(1,577,000)
35,300
374,611
{23,276)
1,577,000
14,123)
{600)
1,529,162
125,927
21,177
(237,346)
1,914,212
(600)
1,676,266
Restricted funds
KCC Reconnect
KSP Leasehold Grant
31,784
(24,362)
55,994
7,422
56,594
600
31,784
31,632
600
64,016
TOTAL FUNDS
205,562)
1,945,844
1,740,282
A current year12 months and prior year12 months combined net movement in funds, included in the above are
as follows,.
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrlcted funds
General fund
IT Replacement Fund
FRS102 Pension
Telephone replacement
20,740,303 (20,365,692)
(23,276)
(122,000)
14,123)
374,611
{23,2761
1,577,000
14,123}
1,699,000
20,740,303 {20,525,091)
1,699,000
1,914,212
Restricted funds
KCC Reconnect
KSP Leasehold Grant
7,946
58,455
{32,308)
{24,362}
55,994
66,401
34,769
31,632
TOTAL FUNDS
20,806,704
20,559,860)
1,699,000
1,945,844
IT Replacement Fund
During the year 31 Maich 2017 an amount of £200,000 was received from TMBC in respect of the replacement
costs of IT equipment. Unspent funds at 31 March 2024 were £125,927 {2023.' £128,640).
Page 37
conlinued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2024
16. MOVEMENT IN FUNDS. contlnued
Telephone System Replacement Fund
During the year 31 March 2022 an amount of £35,300 was re￿iVed from TMBC in respect of the replacement
costs of the telephone system. Unspent funds at 31 March 2024 were £21,177 {2023.' £21,177).
KCC Reconnect Fund
During the year 31 March 2022 an amount of £31,784 was received from KCC to deliver a programme of
activities for children and young people through to August 2022. The aim of the grant is to help reconnect
hildren and young people with activities they missed during the COVID-19 pandemic. During the year 31 March
2023 an additional amount of £7,946 was re￿iVed upon final receipt of the monitoring data. Unspent funds at 31
March 2024 were £7,422 (2023; £9,242). The balance al 31 March 2024 was repaid to KCC in August 2024.
KSP Leasehold Grant
During the year 31 March 2024 an amount of £58,455 was received from FCC Community Foundation in respect
of the provision of floodlights at tennis courts. This amount was spent in the year via capital expenditure, the
funds balance at 31 March 2024 of £55,994 (2023.. £nil) represents the net book value of the assets.
Transfers between funds
During the year, a transfer took place of £600 from the unrestricted general fund to the KSP Leasehold Grant
Fund. This transfer covered the shortfall in grant income compared to the capital spend on the tennis court
project during the year.
17, EMPLOYEE BENEFIT OBLIGATIONS
The Charitable Company operates a defined benefit pension scheme for some employees administered by Kenl
County Council, the administering authority to the Kent County Council Pension Fund. The Charitable Company
has admitted body slatus to the Kent County Council Pension Fund, The calculation can also be very sensitive to
the actuarial assumptions used in valuing the scheme. The figures disclosed below have been derived using
approximate methods projecting results from the latest full triennial actuarial valuation performed at 31 March
2022 to value Ihe pension position at 31 March 2024.
Tonbridge & Malling Borough Council has given a legal undertaking indemnifying the Chaiitable Company in
respect of pension contrtbutions of all transferring staff. Employees who joined the Charitable Company after the
point of the business transfer are classified within 'Limb c, and it is the pensions of these employees which the
Charitable Company is liable for. Accordingly, the financial statements for the year ended 31 March 2024 show a
pension asseuliability of £nil (2023.. £49,000 asset).
Page 38
continued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2024
17.
EMPLOYEE BENEFIT OBLIGATIONS. contlnued
The amounts recognised in the Balance Sheet are as follows;
Defined benefit
pension plans
31.3.24
31.3.23
Present value of funded obligations
Fair value of plan assets
(1,549,000) (1,527,000)
1,674,000
1,576,000
125,000
49,000
Present value of unfunded obligations
Impact of asset ceiling
125,000
Surplus
49,000
Net asset
49,000
The amounts recognised in the Statement of Financial Activities are as follows..
Defined benefit
pension plans
31.3.24
31.3.23
Current Servi￿ cost
Net interest from net defined benefit
assevliability
Past service cost
Administrative expenses
48,000
164,000
{4,000)
39,000
1,000
1,000
45,000
204,000
Actual return on plan assels
77,000
2,000)
Page 39
continued.,.

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
17. EMPLOYEE BENEFIT OBLIGATIONS- contlnued
Changes in the present value of the defined benefit obligatson are as follows..
Defined benefit
pension plans
31.3.24
31.3.23
Opening defined benefit obligation
Current Se￿1￿ cost
Contributions by scheme participants
Inlerest cost
Estimated benefits paid net of
transfers in
Remeasurements..
Actuarial {gains)Ilosses from changes in
demographic assumptions
Actuarial {gains)Ilosses from changes in
financial assumptions
Oblig other remeasurement
1,527,000
48,000
22,000
73,000
3,083,000
164,000
24,000
79,000
{40,000)
{17,000)
{65,000)
{69,000) {1,837,000)
5,000
79,000
1,549,000
1,527,000
Changes in the fair value of scheme assets are as follows..
Defined benefit
pension plans
31.3.24
31,3.23
Opening fair value of scheme assets
Administration expenses
Contributions by employer
Contributions by scheme participants
Interest on assets
Actuarial gainslllosses)
Estimated benefits paid plus
unfunded net of transfers in
Return on plan assets (excluding interest
income)
1,576,000
(1,000)
58,000
22,000
77,000
1,506,000
{1,000)
69,000
24,000
40,000
142,000)
(40,000)
18,000)
20,000}
1,674,000
1,576,000
Page 40
continued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS . contlnued
FOR THE YEAR ENDED 31 MARCH 2024
17.
EMPLOYEE BENEFIT OBLIGATIONS- continued
The amounls recognised in other comprehensive income are as follows..
Defined benefit
pension plans
31.3.24
31.3.23
Actuarial (gains)Ilosses from changes in
demographic assumplions
Actuarial (gains)Ilosses from changes in
financial assumptions
Oblig other remeasurement
Retum on plan assets (excluding interest
income)
Other actuarial gainsl(losses)
Impact of asset ceiling
17,000
65,000
69,000
(5,000)
1,837,000
(79,000)
(18,000)
(20,000)
(42,000)
125,000)
62,000)
1,761.000
The major calegories of scheme assets as a percentage of total scheme assets are as follows..
Defined benefit
pension plans
31.3.24
31.3.23
58/,
Equities
Gilts
Other Bonds
Infrastructure
Property
Cash
Absolute Return Fund
1/0
14%
3,/0
7,/0
100%
Page 41
conlinued...

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2024
17. EMPLOYEE BENEFIT OBLIGATIONS. continued
Sensitivity analysis
Adjustment to discount rate
Present value of total obligation
+0.1010
1,506,000
0.00
1,549,000
1,594,000
Projected service cost
42,000
44,000
46,000
Adjustment to long term salary increase
Present value of total obligation
+0.10/0
1,551,000
O.OO/o
1,549,000
1,547,000
Projected service service cost
44,000
44,000
44,000
Adjustment to pension increases and deferred
revaluation
Present value of total obligation
+0.1010
0.0,
1,593,000
1,549,000
1,507,000
Projected service cost
46,000
44,000
42,000
Adjusted to Ilfe expectancy assumptions
Present value of total obligation
+1 year
1,591,000
None
1,549,000
-1 year
1,508,000
Projected service cost
46,000
44,000
42,000
Principal actuarial assumptions at the Balance Sheet date (expressed as weighted averages)..
31.3.24
4.95 /0
31.3.23
Discount rate
Future salary increases
Future pension increases
2.90%
Pension supporting information
FRS102 section 28 is an accounting standard in relation to the calculation and disclosure of company pension
scheme liabilities. It requires that employers make full provision for all pension scheme liabilities on their balance
sheet - bolh in respect of any oulstanding employer contributions and any attributable share of the pension
scheme actuarial deficit in respect of defined benefit schemes,
The FRS102 pensions liability calculalion used for accounting purposes are based largely on the actuarial
Ongoing Basis calculations (such as inflation, life expectancy etc.) bul crucially differ in one key respect that of
the discount factor used to arrive at net present value of any surplus or deficit. Whereas the Ongoing Basis uses
estimated actuarial investment returns based on past and expected future perfomiance, the FRS102 calculation
uses a return based specifically on AA rated Government gilts. The volatility of the discount rate assumption can
lead to higher liabilities being shown than if the liabilities were calculated by the Ongoing Basis.
Page 42
continued.,.

TONBRIDGE AND MALLING LEISURE TRUST
TIA TMACTIVE
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2024
17.
EMPLOYEE BENEFIT OBLIGATIONS . continued
Future employer contributions are calculated at each tri-annual actuarial valuation. The actuartes calculale the
scheme surplus or deficit based on prevailing assumptions around retums, inflation, discount factors, life
expectancy etc. and then calculate the employer contribution required to a) maintain and provide for current and
future pensions and b) reduce any deficit over time. The employer contributions required are communicated to
the employers and remain in place until the next tri-annual valuation. For all LPGS, the last triennial actuarial
valuation was carried out in 2022 and new rates set for 3 years from April 2023. The employer contribution rates
have been set at18.60/0 for the next 3 years.
18. CAPITAL COMMITMENTS
31.3.24
31.3.23
Contracted but not provided for in the financial slatements
32,295
As at 31 March 2024, the Charitable Company had contracted to purchase plant and machinery amounting to
£32,295 {2023: £nil).
19. RELATED PARTY DISCLOSURES
During the year there were the following transactions with related parties..
The Trust made sales of £5,378 {2023: £4,634) to Tonbridge Juddians Rugby Football Club, where M Davis, a
Trustee, is vice-president. There were no amounts due to the Trust at 31 March 2024 (2023: £nil).
The Trust made purchases of £8,728 (2023.. £10,872) from CP Digital for social media services. The spouse of
W Parker, a member of Key Management Personnel, is a director of CP Digital. There was a balance of £1,296
owed by the Trust at 31 March 2024 {2023'. £864).
The spouse of D Sayle, a member of Key Management Personnel, was employed by the Trust on a temporary
basis in the prior year and was paid £nil (2023: £897). The employment ceased in the prior year and no
payments were made during this financial year.
The spouse of l Mansfield, a member of Key Management Personnel, was employed by the Trust during the
financial year and was paid £25,024.
20. LEGAL STATUS
The charity is a company limited by guarantee and has no share capital. The liability of each member in the
event of winding up is limited to £1.
Page 43