Everybody Health & Leisure Trustees, Report and Financial Statements Year Ended 31 st March 2025 Company Registration No: 08685939 Charlty Reglstration No: 1156084 Poge l 0147 Everybody Heollh & Le15ure IRegi5tered Company Number 086859391 Trustees, Report & Finonciol Slolements lor the Yeor Ended 31it March 2025 Chief Executive's Report Trustees, Annual and Strategic Report Independent Auditors Report statement of Financial Activities 18 Balance Sheet Cashflow Slatement 20 Notes to Financial Statements 22 Page 2 of 47 Everybody Health & Leisure IRegi51ered Compony Number 086859391 Trustees, Report & Financial Slalements for the Year Ended 31 si March 2025 This past year marked our I I th as a registered health and leisure charity dedicated fo serving OLJr local communily. It hos been on exlremely busy one for our hard-working Everybody Teamlsl bul it has once again been very rewarding - given the range of impoct on so mony people and Ihe different communilies across Cheshire East. In collaboration with our key parlners, including Cheshire Eost Council, we hove exceeded all our key performance indictors by continuing to work both colloboralively and innovatively to adopt our services. ond lo personalise our progrommes. olong wilh scaling our offer in the lorgest lowns with the greatest need. We ore continuolly encouraged by Ihe natural growing demand in Ihe area for our services and we welcome all people whatever their starting point and circumstances. However, given the stork health inequalities reported across the borough- we've prioritised those with the greotest need for support- whether thal is a young person gaining their first positive experience lo be octive or someone referred lo us Ihrough our new One You Health Setvice. We started the yeor in April 2024 by transferring in a highly skilled group of Bikeability Instruclors and support stoff to work directly for us. Hoving invested furlher in this important service I'm proud to see our reach into over l 00 primary schools, enabling thousands of young people the importanl life skill to sofely ride o bike. On I sl May, we celebrated our l Oth Birthdoy, and we morked our decode of delivery in the orea by hosting our inaugurol 'Everybody Games, We did this over 3 doys at Congleton Leisure Cenlre and sought to involve many different audiences os we held our inclusive games on day I, our school games on doy 2 ond our community games on the third ond final doy. Wilh over 200 people taking part, it wos a real celebrotion of community. activitie5 and importontly people. The privilege of presenting medals to the many participants was my personal highlight of the yearl During the summer months we exponded our reoch by opening 2 new Taste for Life Cofes by welcoming Ihe Queens Pork Icrewel team onboord and recruiting a new team for the Wesl Park site lin Maccle5fieldl. These seNices have not only enhanced Ihe local food and beverage offer for visitors, but they have given us the opportunity to engoge new customers in heo51h and wellbeing octivities in these additional settings. The summer monlhs were porticularly busy with key investments ot Sandbach LC & Shavington LC resulting in new flexible gym and fitnes5 environments. However, a significanl focus w05 on submitting our tender for the new One You SeTvice Contract (Cheshire Easl Integroted Heallh & Lifestyles Service). We submitted this and presenled our offer to commissioners in the summer ond in late summer were delighled to be chosen ahead of olher nalional providers to take on the service from 1st November 2024. This was a remorkoble achievemenl and illustrated Ihe high quality of our local leom to take on Ihis range of heolth services, which we ore committed to now embedding and to reach all those people thal need this 5UPPOrt in the yeors ahead. 2024125 hos seen our highest ever finoncial turnover as an organisation. which reflects the increased operational performonce and oulput of oll our busy teams in mulliple locations. As a chority we've conlinued to reinvest income bock into our local communilies in line with our charitable objectives. Investments this year have seen consideroble improvements in our sites at Sandboch LC and Shavington LC, as menlioned. but also wilh a brand new AGP Foolball Pitch in Poge 3 of47 Everybody Heollh & Leisure (Registered Compony Number 086859391 Truslee5' Report & Finoncial Slotemen15 lor the Yeor Ended 31st March 2025 Shavington, which we prioritised the opportunity for female participolion. We mode considerable investment inlo Macclesfield with o new slate of the ort fitness suile opened in December and visited by the BBC in early January to showcase Ihe flexibilily of use ond demand for this site. We also opened a new site in Macclesfield town centre Imacclesfield Centrall, given the size of the lown, community transport restrictions and the close proximily of the GP services; this new health & fitness hub will accommodote those referred into our health service5 or a new place of convenience for those on Iheir fitness journey. Whilst moking importanl investments this year. we have ensured an improved reserves position, including a few one-off income receipts, which we will use to enoble a medium lerm sustainable financial plan,. enabling us to support even more people in the future. Highlighls of the past year include reaching 26,000 active fitness members using our facilities and over I 1,000 leorn lo swim participonts attending our swimming pools each week. We've been pleased to once again enoble ourown Everybody Foundotion lo ra15e money through various initiatives led by our staff & cuslomers. This has resulled in mulliple grants being owarded to local clubs, group5 and individuals to help them start or continue in sport. We have also proudly supported CRY (Cardiac Risk in the Young) with onother 420 young people laged 14-351 screened al our sites; including stall, volunleers and users. We believe our partnership with Cheshire Easl Council has strengthened over the post 12-months and I'm groteful for their continued commitment to invest in local residents, health and leisure provision. as we seek to olign with their many important local Services for local people. We will conlinue lo work hord to ensure M0￿muM social and financial value for residenls and all local communitie5 in the borough. Our loyol customers have continued to enoble our charily lo prosper, and it was great lo read the feedback in the annual Cvslomer Survey where we scored 8.33110 for overall customersatisfoction. Of course. there is always more to do ond improve upon and this survey has helped to inform our 2025126 plan510 continuously improve what we do across the boord. We were proud lo receive a number of accolades and external awards this past year. including relaining our Investors in People stotus and multiple QUEST accreditations across the different facilities. We concluded the year by being named 'Business of Ihe Year, al the East Cheshire Chamber Busine55 Awards - Ihis was o great recognition to our trustees. staff and volunteers who have given and ochieved so much. this pasl yeor. A sincere thank you to oll the people that have conlributed to this exceptional performance and made reol impacl to people's lives especially our incredible 1.1 OO+ people representing Everybody with such dislinction this past year. Looking ahead, we have rrany more ambitious plans for the next year ond beyond with o renewed focus on sustainabilily and digifall We always welcome new ideas. contributions. ond opportunities to partner with like-minded people and organisations to enable us to moximise our support to the locol public health ogenda and ensure the very besl leisure experience for oll. We look forward to working wilh you and for you in Ihe future to build upon these successes. Thomas Barton, Chief Executive Page 4 of 47 Everybody Heollh & Leisure (Registered Company Number 086859391 Tru51ee5' Report & Financial Slolements lor the Yeor Ended 3151 March 2025 Everybody Health & Leisure is a company limited by guarantee and a registered charity governed by its memorandum and articles of association. Company No. 08685939 Charity No.. 1156084 Trustees The trustees presently serving are.. Chair of the Board.. Andrew Kolker Finance & Risk Sub Committee: Customers & Communities Sub Committee.. Philip Bland Christopher Gee Richard Middlebrook Kimiyo Rickett Hary Korkou Rod Thomson loppointed April 20241 Alex Taylor Peo le Performance & Plannin Committee.. Martin Hardy Colin Chaytors Lata Anderson Sub Auditors Dains Audil Limited, Suite 2, Albion House. 2 Etruria Office Village, Etruria, Stoke on Trent, STI 5RQ Bankers Barclays Bank. 38 Market Street. Crewe, CWI 2ET Company Secretary Oakwood Corporate Services Principal Officers Thomas Barton Kery Sheo Chief Executive Director of Health & Communities IDeputy CEOI Registered Office: 3rd Floor, l Ashley Road, Altrincham, WAI 4 2DT Principal Office: Brooklands, Holmes Chapel Community Centre. Slotion Road, Holmes Chapel, CW48AA Poge 5 0147 Everybody Health & Leisure IRegi51ered Compony Number 086859391 Tru5tees' Report & Financiol Slolements lor the Yeor Ended 31 st Morch 2025 Everybody Health & Leisure is governed by a Board of up to eleven Trustees. These trustees are appointed by the current Board who take into account a skills matrix and ensure a range of skills and representation from all communities. This is achieved in one of three ways: Any individual, based in or operating in Cheshire East is eligible for nomination to the board of trustees. Trustees try to ensure ongoing appropriate skills and gender balance, where any gaps are noted, they seek to appoint appropriate skills through an application process. Occasionally the Irustees may co-opt individuals with relevant skills to strengthen the Board. All these appointments are then ratified by Trustees at the Annual Retirement Meeting. The day-to-day management and running of the charily has been delegated to the Chief Executive and other appointed managers. The everybody leadership team comprises: Tom Barton Chief Executive Kerry Shea Director of Health & Communities (Deputy CEO) Dom Crisp Operations Director Katie Harrop Head of People & Governance Dave Newport Head of Finance & Performance Kris Sankey Head of Business Development Page 6 of 47 Everybody Health & Leisure (Registered Company Number 086859391 Tru51ees' Report & Finonciol Slotemen15 lor the Year Ended 315t Morch 2025 Governing Document Everybody Health and Leisure is o company limited by guorontee and a regislered charity governed by it5 memorandum and articles of association, incorporated in England and Wales. Trustee Induction and Training All trustees receive an induction into Everybody Health and Leisure and receive the appropriate paperwork. During the yeor the paperwork has been renewed to assist both new and established trustees. In oddition. we have embarked on a programme of development including the arrangement of CPD workshops and away days for trustees. These sessions focus on governance issues for trustees including finance, structure and strategic planning. The Trustees follow wherever applicable the Charity Commission best practise and follow a full internal governonce proce55 bosed upon all elements of the Charity Commission Governance Code. Board and Sub Committees Each Trustee holds a place on one of three sub-committees. People, Performance & Planning. Finance & Risk ond Customers & Communities. These sub committees lake a detailed look at certain areas of the business each quarter and then take reports regarding these areas to the full Board meeting, which takes place every three months. statement ot Trustees Roles & Responsibilities The trustees (who are also directors of Everybody Health and Leisure for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordonce with applicable law and regulations. Company law requires the trustees lo prepare financial stalements for each financial year. Under that law She trustees have elected to prepare the financiol Statements in accordance with United Kingdom Generally Accepted Accounting Proctice (United Kingdom Accounting Standards and applicable lawl. Under company law. the Irustees must not approve the financial slatements unless they are satisfied that they give a true and fair view ol the state of affairs of Ihe charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for the year. In preparing these financial statements. the trustees are required to: Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP. Make judgements and occounting estimates that are reasonable and prudent. Prepare the financial statements on the going concern basis unless it Is inoppropriate to presume that the chariloble company will conlinve in operation. Poge 7 0147 Everybody Heollh & Leisure IRegistered Compony Number 086859391 Truslee5' Report & Finonciol Slolemenls lor the Yeor Ended 31 sl Morch 2025 The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's tronsactions ond disclose with reasonable accuracy. at any time. the financial position of the charitable company and lo erloble them to ensure that the financial statements comply with the 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 oware: There is no relevant audit information of which the charitable company's aucjitor is unaware; and The trustee5 have taken all steps that they ought to have taken to make Ihemselves aware of any relevant audit information and to establish that the auditor is aware of that information. Pvblic Benefit The Trustees of Everybody Heolth & Leisure have complied with their duty to have due regard to the guidance on Public Benefit published by the Charity Commission in exercising their powers and dutie5. All activities have been undertaken to further Everybody Heallh & Leisure's purpose to ensure the promotion and preservation of good health, including but not limited to through community participation in healthy recreation. Activities are not orranged to provide any financial return to members. Reserves Policy Stotement Reserves ore the resources Ihat a chorily has. or can make available to spend, for all of the chority's purposes. The SORP explains Ihe term "reserves it describes them as that port of a charity's funds that are freely available. The Charity Commission guidance, CC19. explains that designated funds should be considered when reviewing the charity's reserves. although these are not part of the general resetves. Funds need to be properly designated for a defined purpose, which should be explained in the notes to the accounts. The Trust's reserve policy is to aim to hold enough free reserves using a risk-based approach to ensure that the Trust is able to continue all operations and services for a Short period should a significant part of our income not be realised. There is also an imperative to ensure the Trust can continue to operate effectively beyond 2029 when our curren* contracl with Cheshire East Council expires. Our current unrestricted reserves at the end of Morch 2025 have increased from £737,820 to £l.109,439, with our designated reserves p051tion increasing from £1,057,313 to £1.468.265 and no restricted funds currently recognised. While the operation of the defined benefit pension scheme does create a financial risk for the organisation. any deficit or surplus in the scheme can be managed over *he medium term and so has no immediate impact on our cashflow requirements. Any Exit Contributions paid by the Contractor (Everybody) will be funded by Cheshire East Council through the Management Fee. where an Exil Contribution is paid and there is no future Annual Payment due. the Authority shall make an appropriafe additional payment to Everybody. Any risks associated with changes in the level of pension scheme assels and liabilities are therefore disregarded for reserves policy purposes. Net Assets have increased by £782,571 to £2.577,704 and "Cash al bank and in hand" has increased by £502,887 to £3,925.336. Page 8 0147 Everybody Health & Le15ure (Registered Compony Number 086859391 Trustees. Report & Finonciol Slatemenls lor the Yeor Ended 31 st March 2025 Risk Managemenl The Trustees are fully aware. and take very seriously their responsibilify for identifying, assessing and managing the risks of Everybody Health & Leisure. Risks are identified by the Executive Management Team and reported via the Risk Register to the Trustees. There are several principal risks and uncertainties. The level of the management fee paid to Everybody Health & Leisure by Cheshire East Council. This fee is negotiated every year and ongoing efficiencies are expected IT system failure- the IT Systems are lorge and complexwith manual interfaces between system5, we hove set up a designated fund in order to reduce the risks in this area. The Risk Register is considered on a quarterly basis by the Finance and Risk Sub Committee, the likelihood of the risk occurring, the impact of such a risk and any mitigating action required/taker) is considered as well as taking proximity and imminence into account. Risks are then RAG (Red, Amber. Greenl rated. Red/High Risks are reported to the full board. The subcommittee take a fully detailed review of every risk on the register on an annual basis. Pflnclpal Risks Current Controls & Mlllgaling Acllons Future Acllon Plan Increasing pressure from related legislation. budgetary payroll Continue to monitor price point for services, optimise internal efficiency and other opportunities. Continual efficiency review addition to utilisation of technology to miligate impact of risks. Reputational consequences will be managed through Everybody's communication plans with Cheshire East Council leading on its policy changes and any external advice required as a result of any changes will be sought on a timely basis. Changes to Council commissioned services resulting in loss of service. reputatiornal and financial impact. Fixing the management fee to reflect contractual commissioned services means any changes will require extensive public consultation. Speed of change within the field of digilisation within the sector leaves the Trust vulnerable escalating costs and lack obility to deliver in future Increased competition across our Cheshire East facilities resulting in 1055 of memberships & associated financial impact. Digitisation strategy being formulated to evaluate what the future looks like with view to implementing changes over the comin years Task force created to implement and refresh digitisation plans. Continue to monitor pricing. improve overoll offer to customers and quality of service. Proactive marketing for key site5, continual improvement of offer and pricing monitoring. Poge 9 0147 Everybody Heollh & Leisure IRegistered Compony Number 086859391 Truslee5' Report & Finonciol Slalemenls for the Yeor Ended 315t March 2025 Investmenl Powers. Policy and Pertormonce The policy of Everybody Health & Leisure has been to invest surplus funds in the growth of the business. We aim to carry sufficient cash in the banks, current or higher interest deposit accounts to fund its predicted working capital requirement. Surplus funds will be deposited in our Business ReseNe bank account or in a high interest fixed term bond. This meets the objective of a higher return than average deposit accounts. without risking the funds. while mointaining maximum flexibility to fund new projects. The trustees are mindful to monitor the rate of return on cash deposits to ensure cash reserves are not eroded. Resvlls for the Year Everybody Health & Leisure's finances have returned to a surplus position, with an increase in held reserves of £782.571 to £2.577.704. By the end of March 2025, we have again increased our fitness membership levels to over 26,000 and Learn to Swim Scheme is bigger than ever with over I 1,000 children actively learning to swim at any given time. Our overall income figure 15 £28,673,821. This include5 £6,060.000 in respect of Donations for the use of the leisure centres which remain under Ihe ownership of Cheshire East Borough Council and Holmes Chapel Parish Council. In addition. £2,996.039 was received relating to Grant5 and Conlract5, of which £236,245 was received to deliver 'Bikeability cycle Iraining, to 7,288 children and £52,779 was received from Health partners to deliver a variety of programmes targeted at improving the lives of those with long term health conditions. Income of £17,771.395 wos received during the yearfrom customers to our centres and through delivering our contracts, £1.622,201trading income was received from our social areas and our investment income in year was £159,286. Outgoing resources totalled £27.547.250 for the year, leaving us with a Net Income of £1,126.571 for 2024125. This Expenditure includes a notional pension service surplus of £344.000, when this is removed, we are left with a Net operating surplus of £782.571. The total Unrestricted Funds as at the end of 2024-25 are £l.109,439 excluding our designated funds, which equate to £1,468,265 las detailed in Note 161. In November 2024 Everybody Heallh and Leisure commenced delivery of the Cheshire East Integroted Lifestyle Service Contract (commonly known as One You Cheshire East). The contract, commissioned by Cheshire East Council, saw us take full operalional responsibility of the 'One You Cheshire East service, including the website, branding and programme delivery. During the first 5 months revenue of £545.390 was recognised with over 3,000 referrals to the programme. A new facility in Macclesfield Central was opened to assist with delivery of services in the north of the borough. In Moy 2024 Everybody Health and Leisure were delighted to hove been awarded the contract to deliver café services in Queens Park (Crewel and at West Pork Imacclesfieldl until September 2025. which ha5 subsequently been extended to include Congleton Park and until September 2029. Page 100147 Everybody Health & Leisure (Registered Compony Number 086859391 Tru51ee5' Report & Financ￿1 Slalements lor the Year Ended 310 March 2025 Golng Concern Overall Membership income has increased during the year with the several gym re- furbishments across the estate including at Macclesfield Leisure Centre. Our Learn to Swim Scheme remains successful and is larger than ever. As a result turnover continues to increase, ond costs are still being tightly controlled to ensure appropriate fiscal responsibility with the Trusts resources. The Trustees and the Execufive Management Team feel very confident about the future and have full confidence in our Going Concern stotus. Note 1.02 further details the Accounting Policy used whilst preparing this Set of Accounts in respect of being a Going Concern. Funding Sources Everybody Health & Leisure's principal funding sources for 2024-25 was income relating to charitable activities. our customers provided £17,771.395 of our income in the year. Our operating contract with Cheshire Easl Council- this contract refers to the operating of 15 leisure centres across the Cheshire East area until 2029. During 2024-25 this value was included within the total amount received of £l.187,321 including support service costs. Everybody Health & Leisure's Annual Report and financial statements for the year ended 31 March 2025 have been prepored by the trustees in accordance with the Charities Act 2011. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and reporting by Charities" effective I sl January 2019. in preparing the annual report and financial statements of the charity. Key Management Personnel An external company carries out individual job evaluations on each of the Key Management roles, this evaluation includes benchmorking against comparable positions and similar orgcnisafions. These results are considered by the People, Performance & Planning Sub Committee and a level of remuneration is recommended to the full Trustee board for their approval. Fundraising Activities The charity had no fundraising activities requiring disclosure under $162A of the Charitie5 IProlection and Social Investment} Act 2016 Relaled Parties. Portnership Worklng and Network The Charity supports many Sports Clubs. Community Groups and Volunfory Organisations with advice around funding. volunteer management and best practice guidonce. Everybody Health & Leisure's support of grassroot clubs benefits the wider community by opening up opportunities for people to access sport and recreation activities. Cheshire Eosl Council are a significant partner and contributes to the delivery of sporting facilities in Cheshire East by providing tunding to Everybody Health & Leisure in the form of a Monagement Fee. This funding also supports the sports development work by enabling children and adults to take part in sporting event5 Out in the community. PogelTo147 Everybody Health & Leisure IRegistered Compony Number 086859391 Trustee5' Report & FinancK)I Slalemenls lor the Year Ended 31 st March 2025 Everybody Health & Leisure also hold5 0 23-year lease on a facility at Holmes Chapel which is owned by Holmes Chapel Parish Council, and a 10-year lease on Alderley Park facility which is owned by Alderley Park Limited. This is in addition to the facilities which are operated from and are owned by Cheshire East Borough Council. Everybody Health & Leisure participate in several key ond strafegic partnerships representing the interests of our customers. ond the wider Sport and Recreation arena. At a national level. Everybody Health & Leisure is a member of Communify Leisure UK and UKActive. strategic report The highlights of the company over the course of the year are referenced in the Chief Executive's Report. In addition, the future developments for Everybody Health & Leisure are also referred to in the Chief Executive's Report and the Trustees Annual and Strategic Report. Everybody Health & Leisure has made no political donations or incurred any such expenditure during the financial year. The Risk Managemenf Statement is shown on page 9 of the Trustees Annual and Strategic Report. No hedge accounting is used by the company. People choose their provider on a number of different factors, price being one but also quality of offering, range of classes, location. customer service and breadth of facility le.g.. squash, swimming pools etc.). Cashflows are monitored weekly and since many of our customers pay in advance. liquidity risk is easily controlled. Employee expenditure is Ihe largest portion of cost for Everybody as we operate in a service industry arena, as such our employees are very important to the growlh and development of our business. We have implemented a pay review to ensure we pay at least National Living Wage and continue to ensure we competitive within the sector. At Everybody. we encourage new application5 from disabled persons into both paid employment and volunteer roles. we have a robust equal opportunities policy. and all managers within Everybody are trained in following and embedding this policy not only for new employees but also for current employees that may become disabled during their current service with us. We have a budget for equipment adaptations and additional training that may be required for staff thot become disabled to allow them to continue in their current role. Should continuing in their current role no longer be viable then solid alternative internal positions will be sought. following consultation with the individual involved and looking at each person's individual circumstances. Al Everybody. one of our strategic aim5 15 to Develop our people to be the best" and we strive to achieve that with all employees regardless of disability. We provide employees with information on matters of concern to them as employees, in a number of ways. Firstly. on an ir)dividuol basis, all employees attend monthly team meetings with their line manager. have a bi-onnual Performance Development Review where they are encouraged Page 12 of47 Everybody Health & Leisure (Registered Company Number 086859391 Trustees, Report & Finonciol Stalemenls lor the Year Ended 31sTr Morch 2025 to make suggestions for their development (for exomple request further training or mentoring etcl, and regular 1-2-1 's with line managers. Secondly as o whole organisation we have a monthly staff newsletter that is provided to every employee and all employees are encouraged to suggest content, we a150 hold six-monthly staff presentations to which oll employees are invited and involve5 presentations by the Chief Executive and Senior Management Teams followed by an open Question and Answer session to which all staff are encouraged to contribute. To encourage the involvemenf of employees in the company's performance we have implemented a Shoring in Success Scheme. thi5 enables employees to all receive a payment should the company make a surplus. Post Balance Sheet Events On 291h July 2025 Everybody Healfh & Leisure completed the acqui51tion of a gym facility in Crewe West for a total consideration of £291.000. This will allow the trust to deliver more fitness provision and brooder health services in Crewe to continue to make a real difference to people living in our communities. as well as continuing to provide employment opportunities in Cheshire East with the TUPE of Ihe current staff team 112 FTEI plus other staff members. Also in July 2025 Everybody Health & Leisure received all relevant planning permissions to build 9 padel tennis courts at 3 of our centres, The Barony Sports Complex. Wilmslow Leisure Centre and Holmes Chapel Community Centre. Padel tennis is one of the fastest growing sports in the world ond we are excited to make this inclusive game accessible to the residents of Cheshire East. The investment in this exciting new sport is likely to be in excess of £800.000, with a conlribution of £490,000 from Cheshire East Council. On 31 May 2025. despite months of intense negotiations. Middlewich Leisure Centre sadly ceased operations following the Strategic Leisure Review proposal from Cheshire East Council on I Ilh March 2024. Everybody Health & Leisure remain committed to leisure provision in Middlewich and are actively seeking opportunities to continue leisure provision in the town. The Directors at this time can confirm: al so far as the Directors are aware, there is no relevant audit information of which the company's Auditor is unaware, and bl they have taken all the steps that they ought to have taken as a Director in order to make themselves aware of any relevant audit informotion and to establish that the company's Audilor is aware of that information. This report, which incorporates the Strategic Report, was approved by the Trustees on 2nd December 2025, ond signed on their behalf by Andrew Kolker. Andrew Kolker - Chalr. Date: 2nd De 2025 Page 13of47 Everybody Heolth & Leisure (Registered Compony Number 086859391 Trustees, Report & Finoncial Statements lor the Year Ended 31 st Morch 2025 HEALTH AND L Op5nlon We have audited Ihe financial slatemenls of Everybody Health ond Leisure for the year ended 31 March 2025 which comprise the Stalement of Finoncial Activities, Ihe 8olance Sheet, the Statement of Cash Flows ond notes to the finonciol stafemernts, including o summary of significant accounting policies. The financial reporting fromework that hos been applied in their preparation is applicoble law ond Ur)ited Kingdom Accounting Stondard5, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Irelond (United Kingdom Generolly Accepted Accounting Practice). In our opinion the financial statements.. give a Irue and fair view of the State of the charilable compony's affairs os at 31 March 2025 and of its income ond expenditure for the year then ended; hove been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and hove been prepared in accordonce wilh the requirements of Ihe Companies Act 2006. Basis for oplnlon We conducted our audit in accoidance with Intemational Slondards on Auditing IUKI IISAS IUKII and opplicoble law. Our responsibilities under those standards ore further described in the Auditor's responsibilities for the audil of the financial slalemenls section of our report. We are independent of the charitable compony in accordance with the ethical requirements that are relevanl to our audit of the rinancial statements in the UK, including the FRC'S Ethical Standord, and we have fulfilled our other ethicol responsibilities in accordance with these requirements. We believe that the audit evidence we have obtoined is sufficient and oppropriate to provide a basis for our opinion. Concluslons relotlng to golng concern In ouditing Ihe financial stotements. we have concluded that the truslees, use of the going concern bosis of accounting in the preparalion of the finoncial statements is appropriate. Based on the work we have performed, we have not identilied any moterial uncertainties relating to events or conditions Ihot, individuolly or collectively, may cost significant doubt on the charitable compony's abilily to conlinue as a going concern for a period of at least Iwelve months from when the financial statemenls are oulhorised for issue. Our responsibililies ond Ihe responsibilities of the Trv51ees wilh respect to going concern ore described in the relevant sections of this report. Other Informallon The other information comprises the information included in Ihe onnual report. other than the financial statements and our auditor'5 report Ihereon. Our opinion on the financiol stotements does not cover the other infomation ond we do not express any form of assurance conclusion thereon. The other informotion comprises the informotion included in the Annual Report other than the ffinanciol slatements and our Auditors, report thereon. The trustees are responsible for the other information contained within the Report of Ihe Trustees. Our opinion on the financial statements does not cover the Page 140147 Everybody Heolth & Leisure (Registered Company Number 086859391 Trustees, Report & Finonciol Slalements for the Yeor Ended 315t Morch 3)25 other information ond, except to the extent otherwise explicilly staled in our report. we do not express any form of a55urance conclusion thereon. Our responsibility Is lo read the other informotion and. in doing so. considerwhether the olher information is materially inconsislent wilh the financial statements or our knowledge obtoined in the course of the audit. or othetwise oppear5 lo be moleriolly misslated. If we identify such malerial inconsistencies or apparent material misslotemenls, we ore reouired lo determine whether this gives rise to a malerial misstatement in the finonciol statemenls themselves. If. based on the work we have performed, we conclude that there is a material misslotement of this other information, we are required to report thal fact. We have nothing to report in this regard. Oplnlon on other matters prescrlbed by the Companles Acl 2006 In our opinion, based on the work undertaken in the course of Ihe audil.. the information given in the Report of the Trustees for the Iinoncial year for which the financial slolements are prepared is consistent with the financial statements., and the Report of the Trustees have been prepared in accordance wilh opplicabSe legal requirement5. Matters on whlch we are requlred lo report by excepllon In the light of the knowledge and understanding of the charilable company and its environmenl obtoined in the course of the audit. we have not identified materiol misslatemenls in the Report of the Truslee5. We hove nothing to report in respect of the following matters in relotion to which the Companies Act 2006 require5 us lo report to you if. in our opinion: adequale accounting records have not been kept by the charitable company, or returns adequate for our audit hove not been received from branche5 not visited by us,. or the charitable company financial stotemenls are not in agreement wilh the occounting records and returns: or certain disclosures of directors, remunerotion specified by law are not made,. or we have not received all the information and explanations we require for our audit. ResponslblltTrles of the board As explained more fully in Ihe Slotemenl of the Truslee's responsibilities. as set oul on page 7. the Trustees Iwho ore 0150 the directors of Ihe choritable company for Ihe purpose OF company lawl ore responsible for Ihe preparation of the financiol stotements ond for being satisfied thol they give a true and fair view. and for such internal control as the board delermine is necessary to enable the preparation of financial statemenls thot are free from materiol misslalement. whether due to fraud or error. In preparing the financial slclements. the board is responsible for assessing the choritable company's ability lo continue as a going concem. disclosing, as opplicoble, malters relaled lo going concem and using the going concern basis of occounling unle55 the board either intends to liquidote the charitable company or to cease operations. or have no reolistic altemotive bul to do so. Poge150147 Everybody Health & Leisure (Reglslered Compony Number 086859391 Truslee5' Report & Financial Slolements for the Year Ended 31$1 March 2025 Audilor's responslbllllles for the audlt of the fFnancial statement5 Our objectives are to obfoin reasonable assuronce about whelher the financial stolements as o whole ore free from maleriol misstatement, whether due lo froud or error, and lo issue an ouditor's report that includes our opinion. Reasonable ossurance is a high level of ossurance, but is not o guorontee thol an audit conducted in accordance with ISAS IUKI will always detecl a material misslalemenl when it exists. M155tatements con arise from fraud or error ond are considered material if, individually or in the aggregate, they could reasonobly be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities. including froud. are instances of non-compliance with laws ond regulations. We design procedures in line with our responsibililies, outlined obove, lo delect materiol misstolemenls in respect of irregularities, including fraud. The specific procedures for this engagemenl and the extenl lo which these are capable ol detecting irregularities, including froud is delailed below.. Our approach to identifying and assessing the risks of material mi55tatement in respect of irregularities, including fraud and non-complionce with laws and regulation5, was as follows: Ihe senior statutory ouditor ensured that the engagement team collectively had the appropriale competence. capabilities ond skills to identify or recognise non-complionce with opplicoble lows ond regulations,. we identified the lows and regulations applicable to thè chorilable compony through discussions with directors ond other management, ond from our commerciol knowledge and éxperience of the sector., we focused on SpeC￿riC lows and regulations which we considered may have a direct materiol effect on Ihe financial slolemen15 or the operations of the chortable compony, including the financial reporting legislolion, Componies Act 2006. laxalion legislation, onti-bribery, employment, and environmenlal and health and safely legi51alion: we ossessed Ihe extenl of complionce wilh the lows and regulotions idenlified above through making enquiries of monagemenl and inspecting legol correspondence.. and identified lows and regulations were communicated within the audit team regularly and the leam remained alert to instances of non-compliance throughout the audit. We os5essed the susceplibilily of the choritable company's financial stotements lo materiol misstalement. including obtaining on under51anding of how froud might occur. by.. moking enquiries of monagement as lo where they considered there was susceptibility to fraud, their knowledge of actual. suspected ond alleged fraud; and considering the intemal controls in place to mitigate risks of fraud and non-compliance wilh lows and regulolions. To address the risk of fraud through management bias and override of controls, we- performed onolytical procedures lo identify any unusual or unexpected relationships., le51ed journal entries to identify unusual tran50ctions,' assessed whether judgements and assumptions mode in deteTmining the accounting e5timotes Set out in Note I were indicative of potential bios.. and investigated Ihe rationale behind significant or unusual tronsactions. Poge 16 of47 Everybody Heollh & Leisure (Registered Company Number 086859391 Trustees. Report & Financial Slalemen15 lor the Yeor Ended 31, March 2025 In response lo the risk of iffegularities and non-complionce with laws and regulalions, we designed procedures which included. bul were nol limited lo- agreeing finoncial statement disclosures lo underlying supporting documentation- reading the minutes of meetings of Ihose chorged with governance-, er)quiring of manogement os to actual ond potential litigation ond claims,. and reviewing correspondence wilh HMRC. relevanl regulators and the company's legal odvisors: Becouse of the inherenl limilotions of an audit, there is o risk thot we will not delect all irregularities, including those leading to o malerial misstatemenl in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a low or regulalion is removed from the events and transactions reflecled in the financial stotements, as we will be less likely to become owore of instances of non-complionce. The risk is also grealer regarding irregulor4ties occurring due to fraud rather than error, os froud involve5 inlenlional conceolment, forgery, collusion. omi55ion or misrepresentation. A further description of our responsibilities for the audit of the finoncial sfalements is localed on the Financial Reporting Council's website al.. www.frc.org.uklouditorsresponsibililies. This description forms part of our audilor's report. Use of our report This report is made solely to the chority's members. as a body, in accordonce with Chapter 3 of Part 16 of the Componies Act 2006. Our oudit work has been undertaken so that we might state to the charity's members those matters we are required lo state lo them in on auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other thon the charilable company and the charitable company'5 members as o body. for our oudit work, for this report. or for Ihe opinions we hove formed. Simon Hawkins (Senior statutory auditor) for and on behalf of Dalns Audtt Llmited stolulory Auditor Chartered Accountanls Suite 2 Albion House 2 Etrurio Office Village Forge Larne Stoke on Trent STI 5RQ Date.. 2pd December 2025 Page 17of47 Everybody Health & Leisure IRegislered Compony Number 086859391 Tru51ee5' Report & Finoncia5 Statemen15 lor the Year Ended 3151 Morch 2025 statement of Financial Activities period ended 31 March 2025 Unre51rlcted Restrlcted Funds Fund5 Notes 2024-25 2023-24 Income: Donations and Legocies Charitable Activities Other Trading Aclivities Investment Income Grants & Contracls Total Income endllure on Charltable Actlvltles other Trading Activities Charitable Activities Total Expendlture 6.124.900 17.771.395 1,622.201 159,286 2,979,397 28,657,179 6,124.900 17,771.395 1,622.201 159,286 2.996.039 28.673,821 5,896,793 15.421,595 1.059,369 131.985 3,186.569 25,696,311 16,642 16,642 1,652.942 25.877,666 [iJ 16,642 27.530,608 16.642 1,652,942 25.894,308 1.102,643 23,691,991 27,547.250 24,794.634 Net Income/ (Expenditure) 1,126.571 1.126.571 901,677 Transfers Be￿een Funds other Recognised Galns/(Losses) Actuarial ILossesllGains on Defined Benefit Pension Schemes 1344,0001 1344,0001 175.0001 Net Movement Total Funds Brought Forward Total Funds Carrled FO￿ard 782.571 782.577 826,677 1.795,133 1.795,133 968,456 2,577.704 2,577.704 1.795,133 Includes defined benefit pension adjustment of £344,000, ref Note 1.15 Poge 18of47 Everybody Heollh & Leisure (Registered Compony Number 086859391 Trustee5' Report & Financlal Stolemenls lor Ihe Year Ended 3151 March 2025 Balance Sheet as at 31 March 2025 Note 31 Mar 25 31Mar24, Fixed Assets: Intangible Fixed Assets Tangible Fixed Assets Total Fixed Assets 12 2,583,155 2,122,116 2,583,155 2,122.116 Current Assels". stocks 103,391 112.435 Debtors Cash at bank and in hand 13 1,849.254 3.925,336 1.129,364 3.422.449 Total Current Assets 5,877.981 4.664,248 Liabilities: Creditors: amounts due within one-year 14 14,888.8691 14.222,7411 Net Current Assets/(Liabililies) Total Assels Less Current ￿abIlItIeS Creditors: amounts falling due after one-year 989.112 441,507 3,572.267 1994.5631 2.563.623 1768,4901 15 Net Assets excluding pension Llability Defined Benefit Pension Scheme Liability 2,577,704 1,795.133 18 Tolal Net Assets or Llabllltles 2.577.704 1.795.133 Funds of the Charlty: Unrestricfed Funds 1,109,439 737,820 Unrestricted Designated Funds Reslricled Funds Pension Reserve 1,468,265 1,057,313 18 Tolal Funds 2.577.704 1,795,133 These Financial Statements were approved and authorised for issue by the Board on 2nd December 2025 and signed on their behalf by Andrew Kolker. Andrew Kolker- Chair Page 190147 Everybody Health & Leisure IRegistered Compony Number 086859391 Tru51ees' Report & Finonciol Slolemenls for the Year Ended 315t March 2025 Cash flow Statement as at 31 March 2025 01 April 2024 - 31 March 2025 01 Aprll 2023 - 31 March 2024 Table Cash Flows from operating acllvltles Net cash loutflowllinflow from operating activities 873,431 1.452,139 Cash Flows from investing actlvltles Capital Expenditure Interest Income Sale of Assets 1478,0051 159,286 18,575 1502,240) 131,985 Cash Flows from flnancing actfvitles Loan Received Loan Repayment Increase/(Decrease) In cash In perlod 170.4001 170.4001 502.887 1,011,484 Cash & Cash equivalents at the beginning of the reporting period Cash & Cash equivolenls al the end of the reportlng perlod 3,422,449 2.410,965 3.925.336 3.422,449 Poge 20 0147 Everybody Health & Leisure (Registered Compony Number 086859391 Trustees. Report & Financial Slolemenls lor the Year Ended 315t March 2025 Table I 31 March 2025 31 March 20 Nel movemenl In funds for the reporting perlod (as per Ihe statement of flnanclal activllles) Adjustments for: Pension Service Cost Sale of Assets Depreciation charges Interest Income Ilncreaselldecrease in stocks Ilncreaselldecrease in debtors . Increase/ldecreasel in creditor5 Net cash provlded by (used In) operatlng acllvltles 1,126.571 901.677 1344,0001 118.5751 489.624 1159,2861 9,043 1719,8901 489,944 175,0001 354,418 1131,9851 32,902 1594,3521 964,479 873.431 1,452,139 Table 2 31 March 2025 31 March 20 Cash in hand Tolal cash & cash equivalents 3,925,336 3.925,336 3,422,449 3,422,449 statement of Net Debt 01 April 2024 as Flows Asat31 March 2025 Cash Cash equivalents Overdraft facility repayable on demand 3,422,449 502,887 3,925.336 Loans falling due within one year Loans falling due after more than one year Finance lease obligalions Tolol 170.4001 170.4001 1105,6001 70,400 135.2001 1878,1931 1457,0761 11,335,269) 2,368.256 116,211 2.484.467 Poge 21 0147 Everybody Heollh & Leisure (Registered Compony Number 086859391 Truslee5' Report & Financiol Stolements lor the Year Ended 3151 March 2025 NOTES TO THE FINANCIAL STATEMENTS Accounting Policies 1.01 Basis of Preparation The Accounts cover the 12-month period ended 3151 March 2025; the previous year comparatives refer to the period I sl April 2023 - 3151 Morch 2024. The financial statements are prepared under Companies Act 2006, and in accordance with the Financial Reporting standard 102 IFRS 1021 and follow Ihe recommendations in 'Accounting and Reporting by Charities: Statement of Recommended Practice, ISORP 20191. The Trust is a Public Benefit Entity registered as a charity in England and Wales and a company limited by guarantee. It was incorporated on I I September 2013 Icompany number.. 086859391 and registered as a charity on l O March 2014 (charity number: 11560841. The address of the registered office is 3rd Floor. l Ashley Road. Altrincham, WA14 2DT. 1.02 Going Concern The Trustees have considered the financial posifion of the Trust, the levels of free reserves ond the 2025-26 budget: consequently, the Trustees believe that the charity is well-placed to manage its business risks successfully. Historically, there has been a pension liability which exceeds the net assets of the Trust. this should not be interpreted as creating a state of insolvency. The liability does not result in an immediate cash commitment and the liability is not expected to crystallise in the foreseeable future. Cheshire East Council provide a guarantee. in relalion to all eligible employee5, in respect of the Trust's pension obligations. In 2024-25. it should be nofed that a pension surplus has been generated. All voluations are based upon reviews by external actuaries engaged through the Local Government Pension Scheme. In the event of the company winding up the Trustees may resolve that any net asset5 of the Charity after all its debts and liabilities have been paid. be applied, or transferred either directly foi the objects of the Charity, or to any institution which is or are regarded as charitable for purposes similar to the objects of the Charity or for use for particular purposes that fall within the objects of the Charity. In no circumstances shall the net assets of the Charity be paid to or distributed among the members of the Charity under this Article 41 . The Trustee5 have a reosonable expectation that the Charity has adequote resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of preparation in the financial statements. 1.03 Incoming Resources Income is credited to the Statement of Financial Activities in the period in which it is receivable. The income and expenditure account is presenled in the form considered most appropriate lo the current activitie5 of the charily. Page 22 of47 Everybody Heollh & Leisure (Registered Company Number 086859391 Trustees, Report & Financial Slolemenls lor the Year Ended 3151 March 2025 Donations and Legacies include an amount equal to notional rental expenditure for the use of Cheshire East Council facilities, in addition to one building owned by Holmes Chapel Parish Council. Grants. inclu(Jing grants for the purchase of fixed 055ets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable. Included within the Grants and Contracts figure on the face of the accounts is the management fee paid to Everybody by Cheshire East Council. Charitable Activities Income is where most of our income sits,. this includes memberships, c105S bookings, health programmes. and swimming le550ns. Trading income refers to income generated at all sites currently using the "Taste For Life" branding. This primarily con515ts of catering, bar. and vending income. Income from investments is included in the year in which it is receivable. In addition to the income disclosed in the financial statements Everybody Health & Leisure also receives help and support in the form of voluntary assistance. This help and support is not included in the financial statements. This voluntary assistance is very much appreciated. 1.04 Fund Accountlng Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure that meets these criteria is charged to the fund together with a fair alloc(Jlion of management and support costs where permitted. 1.05 Stock Accountlng stocks are valued at the lower of cost and net realisable volue. after making due allowance for obsolete items. 1.06 Resources Expended Resources expended are recognised in the year in which they ore incurred. Direct charitable expenditure is idenfified as Cost incurred directly as a result of running the operations and projects directly aligned with our charitable aims. Trading activity costs ore those incurred in connection with trading activities of the Trust. Resources expended are allocated to the activity where the cost relate5 to the activity. However, management, administration and finance staff costs are apportioned based on time spent on each activity. Poge 23 0147 Everybody Heollh & Leisure (Registered Company Number 086859391 Tru51ees' Repart & Financiol Slotemenls lor the Yeor Ended 3151 March 2025 1.07 Inlangible Assets and Depreclation Intangible SOf￿are and associated costs greater than £12,000 (exclusive of VATI are amortised af a rote calculated to write off the lower of cost or fair market value over its expected useful life. Depreciation is provided as follows: A55et Lifes Rate 33.3% Software 3 Years 1.08 Tangible Flxed A55els and Depreclatlon Fixed assets, either individually or as a collection of similar items, purchased over the value of £12,000 (exclusive of VATI are capitali5ed with all assets valued at historic cost. Depreciation is provided al rates calculoled to write off the cost les5 residual value of each asset over its expected useful life. as follows: Asset Lifes Rate Buildings Buildings Refurbishment Gym/Studio Equipment Generol Equipment Computer511T 24 years or the life of a property lease if less 5 years 5 years 5 years 5 year5 4.2% 20.0f. 20.01. 20.01. 20.0Y. Assets Under Construction are not depreciated until the asset is ready for use. 1.09 Leaslng Rentals payable under operating leases are charged agoinst ir)come on a straight-line basis over the lease term. Assets held under finance lease5, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the charity. are capitalised in the balance sheet, and are depreciated over their useful lives. The capital elements of future obligations under leases ore included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over fhe period of the lease and represents a constant proportion of the balance of capital repayments outstanding. 1.1 O Deferred Income Amounts held as deferred income refer to funds received in the reporting period but specifically held for use in the following financiol year due to funds being restricted for use in a future period. Page 24 0147 Everybody Heollh & Leisure IRegislered Company Number 086859391 Trustees, Report & Finonciol slalemen15 lor the Yeor Ended 315t Morch 2025 1.1 I f inancial Instruments The company only enters basic financiol instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. loans to related parties and investments in non-puttable ordinary shares. Debt instrument5 (other than those wholly repayable or receivable within one year), including loans ond other accounts receivable and payoble. are initially measured at present value of the future cash flows and subsequently at amortlsed cost using the effective interest method. Debt instruments that are poyable or receivable within one year. typically trade payables or receivables, are measured, initially and subsequently. at the undiscounted amount of the cash or other consideration, expected to be paid or received. 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 ot o rate of interest that is not a market rote or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured. initially. at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amorlised c05t. 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 evidence of impairment is found. ari impairment Ioss is recognised in the Statement of Financial Activity. For financial assets measured at omortised cost. the impairment loss is measured as the difference between an a55et's carrying 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 rale, Ihe discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financiol assets measured at cost less impairment. the impairment loss is measured as the difference between an a55et'5 carrying amount and best estimate, which approximates the amount Ihat the company would receive for the asset if it were to be sold at the balance sheet date. Finoncial assets and liabilities are offset, and the net amount reported in the Balance Sheet when there is an enforceable right to set ott the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 1.12 Creditors Short term creditor5 are measured at the transaction price. Other financial liabilities. including bank loans. ore measured initially at fair value. net of transaction costs. and are measured subsequently at amortised cost Using the effective interest method. Page 25 0147 Everybody Heollh & Leisure IRegistered Company Number 086859391 Tru51ees' Report & Finoncial Slolemenls lor the Year Ended 31 st March 2025 1.13 Judgements In Applylng Accounting Pollcies and Key Sources of Estlmatlon Uncertainly The company makes estimates and assumptions concerning the future. The resulting accounting estimafes will. by definition. seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below. lil Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to change5 in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates. based on lechnological advancement, fulure investments, economic utilisation. and the physical condilion of the ossets. See Note 12 for the carrying amount of the property, plant, and equipment. and note 1.08 for the useful economic lives for each class of 055ets. lill Impairment of debtors The company makes an e51imate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors. management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 13 for the net carying omount of the debtors and associated impairment provision. liiil Actuarial Assumptions Everybody Health & Leisure has obligations to pay pension benefits to certain employees who are members of a Local Government Pension Scheme. The cost of these benefits and the present value of the obligation depend on several factors including life expectancy, salary increases and the discount rate on corporate bonds. Management estimates these factors in determining the net pension obligation in the Statement of Financial Position. The assumptions reflect historical experience and current trends. 1.14 Penslons The Trust participates in the Local Government Pension Scheme ILGPSI, with Cheshire West and Chester Council operating as the Administering Authority. The LGPS is a defined benefit scheme. The schemes assets are held separately from the assets of the Trust and are administered by trustees and managed professionally. Pension scheme ossets are measured on an actuarial basis using the projected unil method and discounted at o rate equivalent to the current rate of return on a high-quality corporate bond of equivalent term and currency to the liabilities. The actuarial valuations are obtained annually and updated at each Balance Sheet date. A liability is recognised in the Balance Sheet in respect of Ihe scheme which represents the present value of the defined benefit obligation at the bolance sheet date less the fair value of the scheme assets. Any surplus is not recognised wifhin the Balance Sheet. A full valuation of the liability is calculated by an independent actuary every three years using the projected unit5 method. The present value of the defined benefit obligation 15 determined by discounting Page 26 0147 Everybody Heollh & Leisure IRegistered Company Number 086859391 Trv51ee5' Report & Financiol Slolemenls lor the Yeor Ended 315t Morch 2025 the estimated future cash outflows using interest rates of high-quality corporate bonds thal are denominoted in the currency in which the benetits will be paid and that have the terms to maturity approximating to the terms of the related pension liability. Actuarial gains and losses are recognised in the Statement of Financial Acfivities in the year thol they arise. Where changes to the Scheme have resulted in past service costs. these are recognised immedialely in the Statement of Financial Activities. Liabilities for the pension scheme are held by Cheshire East Council (the 'Authority"}, and are covered in the Operating Contract (section 19.01 which states that To ensure that the Administering Authority does not require the Contractor to put in place any indemnity or bond in respect of the Eligible Employee5. the Authority will provide the Administering Authority with a guarantee in a form occeptable to the Administering Authority and the Contractor in respect of the Contractor's obligations lo the Administering Authority in respect of Eligible Employees" Everybody Health & Leisure is reporting an operating surplus after the pension service costs of £1.126,571. The service costs and pension movements that we are required to show in our accounts under FRS 102 rules include change5 in actuorial assumptions and other adjustments that do not impact on the operational cashflow of the chority. During the controct negotiations it was agreed with Cheshire East Council, that they would indemnify the pension liability for all Everybody Health & Leisure. current and new staff, for as long as the scheme remains open. On 26 October 2018. the High Court handed down a judgmenl involving the Lloyds Banking Group's defined benefit pension schemes. The judgment concSuded the schemes should be amended to equalise pension benefits for men and women in relation to guaranteed minimum pension benefits. The i55ues delermined by the judgment arise in relation to many other defined benefit pension schemes. The Trustees are aware that the issue will affect the charity and will be making decisions as to the next steps in due course. The Trustees have not yet estimated the overall value of individual adjustments to fhe Scheme as a whole. A follow up ruling on 20 November 2020 confirmed that members who have historically taken o transfer value now have to be included in GMP equalisation assessments and top up payment5 made where necessary. The actuary has not made any additional allowance for this follow up ruling. Page 27 0147 Everybody Health & Leisure IRegislered Compony Number 086859391 Trustees, Report & Financial Statements for the Yeor Ended 31, Morch 2025 1.15 Operating Surplus (Actuarial Penslon Costs Removed) Notes nres ric Funds es ric Funds 2024- 31 Mar 2025 2023 - 31 Mar 202 Income: Donotions ond Legacie5 Choritable Activities 6,124,900 17.771,395 6,124,900 5.896,793 17.771,395 15.421,595 1.059.369 Other Trading Activities Inveslment Income 1.622.201 1.622,201 159.286 159.286 131.985 Grants & Conlrocts 2.979.397 16,642 2,996,039 16.642 28.673.821 25,696.311 3,186.569 Total Income 28,657,7 79 Ex endlture on Charflable Actlvllles other Tradlng Actlvllles Chorllable Actlvltles 1.652,942 1,652.942 26,238,308 1,102.643 26,221.666 16.642 23.766.991 Total Expendllure Net Income (Expendlture) Transfers Belween Funds 27,874,608 27,891.250 24,869,634 782.571 782,571 826.677 Operatlng Surplus / (Deficll) 2. Donations 01 Apr 31 March 2025 pri 31 March 2024 Miscellaneous Use of Buildings Owned by Cheshire East BC Use of Buildings Owned by Holmes Chapel Parish Council Total Income 900 6,060,000 5,834,793 64,000 62,000 6.124,900 5,896.793 During 2024-25, property revaluations identified only minor adjustments to buildir)g values. The property yield increased from 7.501. to 8.OOY.. This rate was obtained from the same independent source as in previous years. Page 28 of47 Everybody Heollh & Leisure IRegislered Compony Number 086859391 TfUStees' Report & Financial Stolemenls lor the Yeor Ended 3 1st March 2025 3. Charitable Activities (Income) 37 March 2025 31 March 2024 Operational Facilities Health & Communities 17.749,487 21,908 15.389.289 32.306 Tolal Income 17,771,395 15.421.595 4. Other Trading Activities (Income) ri 31 March 2025 31 March 2024 Bar & Catering Income 1,622,201 1.059,369 Total Income 1,622,201 1.059,369 The increased income between 2023-24 and 2024-25 of £562.832 is due lo increased sales al all sites and the addition of ￿0 new sites during the year under the brand name of Taste For Life. A net cost of £30,741 is reported when compared against the expenditure recorded in Note 6. Poge 29 0147 Everybody Heollh & Leisure (Registered Compony Number 086859391 Trustees, Report & Financial Slolemenls lor the Year Ended 3151 Morch 2025 S. Grants and Contracts 31 March 2025 arc CEC Management & Operational Fees CEC Support Services CEC Project Funding Bikeability Health 1 ,086,821 1,492,500 100,500 100,500 726,255 484,016 236,245 214,150 52,779 127,560 One You 545,390 Restricted Funds 16.642 Greenspaces Project Resilience In Leisure 94,660 12.000 75,000 Other Sources 136,747 680.843 Tolal Income 2,996,039 3,186,569 6. Other Trading Activities (Expenditure) 31 March 2025 31 March 2024 staff Costs 867.741 608,020 Bar & Catering Costs 785,201 494,623 Total Expendlture 1.652,942 1,102,643 Poge 30 of 47 Everybody Health & Leisure (Registered Company Number 086859391 Trustees, Reporl & Financiol Slolements lor the Year Ended 31s1 Morch 2025 7. Charltable Actlvities (Costs) Including Actuarial Penslon Facilities Communities 31 March 2025 31 March 202 Salary, Nl & Pensions 10.628.805 1,048.826 11,677,631 9,922.311 Indirect Employee Cosls Pension Service Costs 24.998 82,671 107,669 147.488 1275,2311 6,618,369 18,1521 1283,3831 161,9551 6,357.156 Property Costs 6,618.369 Transport - other 979 2,092 1,939 Supplies & Services 1,705,102 464,410 2,169.512 2.096,065 Financing Costs 723,959 65,831 789.790 699,530 Support & Marketing Costs Governance Costs Reallocoted 4.412.536 368,096 4,780,632 4,500.297 28.569 3.427 31,996 29,160 Total OIApril 2024 -31 March 2025 23.868,086 2,026,222 25,894.308 Total 0IApril 2023 -31 March 2024 22,387,179 1,304,872 23,691,991 8. Support and Governance & Support Seriices Governahco. Cosls 01 April 2024 - 01 April 202 31 March 2025 31 March 20 Salary, Nl & Pensions 2.715.541 2,715,541 2,385,693 Indirect Employee Cosfs 324,764 324.764 327,153 Pension Service Costs {60,6171 269,744 160,6171 113.0451 Property Costs Transport- other Supplies & Services 269,744 308,785 9.190 9,190 8,962 1 ,502,324 31,996 1,534,320 1.483,823 Financing Costs 19,686 19.686 28,086 Total 4,780,632 31,996 4.812,628 4.529.47 Governance c051s primarily include external audit fees. specialist tax advice and Company Secretary fees. Poge 31 of47 Everybody Health & Leisure (Registered Company Number 086859391 Trustees, Report & Finoncial Statements lor the Yeor Ended 31,: March 2025 9. Analysis of Staff Costs, Auditor Costs & Trustee Remuneration and Expenses e aggregate payroll costs were: 31 March 2025 31 March 202 Salaries Social Security Costs Pension Costs 13,512,235 832,533 926,230 11 ,529,808 697.487 846,044 Total 15,270,998 13,073.339 Within the above costs. there were redundancy payments of £22.871. These costs are included within the SOFA heading of charitable activities. Cosls in 2023-24 were £nil. There was no ex-gratia payments made in 2024-25, with £1 1.466 having been paid in 202&24. Included within the costs identified above which refer to 946 members of staff, the following table details the number of staff whose total employee benefits lexcluding employer pension costs) exceeded £60,000. 60.000 - 69.999 70.000- 79.999 80.000- 89,999 90,000- 99,999 I00,000- 109,999 Total The total salary and pension costs paid to all key management totalled £261 ,957 1£246.458 in 2023-24). Governance costs include Annual Auditor Fees tolalling £22.764 for the Statutory Audit 1£24,292 in 2023-241 and £7,782 for specialist VAT & tax advisory services 1£3,187 in 2023-241. The Charity Tru5tee5 receive no remuneration for their services. No expenses have been reimbursed by the charity to the Trustees during the year. l£nil also in 202&24}. Page 32 0147 Everybody Health & Leisure IRegistered Compony Number 086859391 Tru5tees' Report & Financial Slolemenls lor the Year Ended 31,: March 2025 10. staff Numbers The average number of staff employed (disclosed on a headcount basis) during this financial year is detailed below. Casual staff are included within this table. Leisure Facilities and Leisure Development Taste for Life and Health Support Services and Academy Tofal 807 82 57 946 Leisure Facilities and Leisure Development Taste for Life and Health Support Services and Academy Total 699 60 55 814 1 l. Intangible Fixed Assets are Cost Balance os of 01 April 2024 Additions 89.575 89,575 As af 31 March 2025 89.575 89.575 Amortisalion As at 01 April 2024 In year charges As at 31 March 2025 89.575 89,575 89,575 89,575 Net Book Value As at 01 April 2024 As at 31 March 2025 Page 33 of47 Everybody Health & Leisure (Registered Company Number 086859391 Trustees, Report & Finonciol Slotemenls lor the Yeor Ended 31$1 Morch 2025 12. Tangible Fixed Assets Inc Pfotessional A55ets under Gym IT General Total Cosl: Balance os of 01 Apr 2024 Balance as of 01 Apr 2024- IFinance Leosel 728,143 11,722 1,430,123 114,562 736,549 3.021.099 1,722,988 1.722.988 Additions 173,739 950,865 94,278 1.218,882 Tran5fers- AUC to Gen Eqp 111,7221 11,722 Additions (Finance Leases) 783,996 783.996 Disposa151Transfers (Finance Leases) 740.877 740.877 As at 31 March 2025 901,882 4,147,095 114,562 842,549 6,006,088 De reciotion: Balonce as of 01 Apr 2024 Balonce as of 01 Apr 2024- IFinance Leosel 355,074 701,582 108.784 558.526 1,723,966 898,006 898,007 Charge for the Year Transfers- from Fincnce Leases to Gym Equipment Transfers- termination of Finance Lease5 Charge for the Year- (Finance Leases) 41,145 307,179 3,381 137,919 489,624 740,877 740,877 1740.8771 1740,8771 311.336 311,336 As al 31 March 2025 396.219 2,218,103 112,166 696,4 3,422,933 Net Boo Value A5 atol April 2024 373,069 11,722 1.553,524 5,777 178.024 2,122,116 As at 31 March 2025 505,663 1,928,992 2,396 146,104 2.583,155 Net Book value of gym equipment financed via a finance lease as at 31 March 2025 is £1 ,297,64212023-24 £824,983). Poge 34 0147 Everybody Heolth & Leisure IRegislered Compony Number 086859391 Trustees, Report & Financiol Stolemenls lor the Yeor Ended 3151 March 2025 13. Debtors 31 March 2025 31 March 202 Trade Debtors 892,722 329,600 Prepoyments and Accrued Income 956,532 799,764 As at 31 March 2025 1.849.254 1,129,364 £11 ,166 of Bad Debt has been written off through the Statement of Financial Activity. 14. Creditors: Amounts Falllng Due Within One Year 31 March 2025 31 March 202 Trade Creditors 1,157,930 923,956 Accruals and Deferred Income 2,711,127 2.597,833 Taxation and Social Security Loans 437.522 297,196 70,400 70,400 Finance Leases 375,906 215,303 other Creditors 135,984 118,053 Total 4,888,869 4,222,741 Poge 35 of47 Everybady Health & Leisure IRegi51ered Compony Numbef 086859391 Truslees. Report & Finonciol Slalements lor Ihe Year Ended 315t March 2025 Analysis of Deferred Income Movement Deferred Income Brought Forward 2024 Year Deferral Deferral Released Forwar 2025 Annual Memberships Facility Bookings - Learn To Swim Scheme - Memberships Income received in March 1 ,005,300 1,767,257 1 ,870,074 1,108,117 22,286 16,225 13,626 19,687 8,946 2,573 11,519 130,789 5,532 136,321 Various Contracts 3,431 1,328,003 1,507,438 182,866 Joint Use 27,344 66,093 71,040 32,291 - Short Breaks 21,281 21,281 Various Projects 885,000 887,203 2,203 Total 1,198,096 4,083.859 4,378,767 1,493,004 15. Creditors: Amounts Falling Due After One Year Principal Loan Repayments Repayable Between I to 5 Years Principal Loan Repayments Repayable After 5 Years Principal Finance Lease Repayable Be￿een I to 5 Years 35,200 105.600 959,363 662,890 Total 994.563 768,490 One loan remains outstanding at year end. The loan has an interest rate of 4Yo above the Bank of England's variable Base Rate and is classed as an Unsecured Loan. Poge 36 of 47 Everybody Health & Leisure IRegislered Company Number 086859391 Trustees, Report & Finonciol Statements for the Yeor Ended 315t March 2025 16. Analysis of Charitable Funds Fund Forward 2024 Resource5 Resources (Losses) In l (Oul) 2025 Unrestrlcled 737,820 28,313,179 (27,530,608) (410,952) 1,109.439 Penslon ReseNe 344.000 {344,000) Restricted Funds Recondilioning/ Healthy Neighbourhoods - Connected Communitie5 Total Reslrlcted Funds 14,642 114.6421 2.000 12,0001 16.642 (16,642) Deslgnated Fvnds - Slaff Membership Scheme - Management Training Digilol Transformalion strategic Leisure Review 45,379 10.822 56.201 39,424 113.2121 26.212 i 00,000 375,842 475,842 50,000 25,000 75.000 - Cumberlond Arena 30,810 30.000 60,810 Cyber / ICT Securily 50,000 50,000 -CRY 15,000 1,000 16.¢)00 Social Action Partnership 4.500 4.500 - Estate and Sustainability Fund ' 460,000 460,000 ilmslow LC Equipment 212.200 150,0001 162,200 Organi50tionol Change 50,000 50,000 Activity Hub (Ability for All) 1,500 1.500 - Macclesfield Athletics 30,000 30,000 Tofol Deslgnoted Funds 1.057.313 410.952 1.468.265 Total Fund$ 1.795.133 28.673.821 {27.547,250) (344,000) 2.577.704 previously enlilled 'One off use of reserves. Page 37 of 47 Everybody Health & Leisure IRegi5tered Company Number 08&959391 Trustees, Report & Financial Slalemenls lor the Year Ended 31, Morch 2025 Fund Forward 2023 Incomlng Resources Outgoing Resovrces Gains 1 {Losses) ran In l (Ouf) ers urr orwar 2024 Unresmcted 304,300 25.621.311 (24,775,183) (412,608) 737,820 Penslon Reserve 75.000 (75.000) Reslrlcled Funds Young Persons Exercise Refe￿01 Macclesfield LC Pool Hoist - Connected Communilies Tolol Restrlcled Fvnds 14.339 114,3391 2.500 12,5001 2.612 12,6121 19,451 (19,451) Deslgncrted Funds - staff Membership Scheme Capital Contribulions Recewed - Monagement Training Copilal Conlribution5 Recewed 103.052 157,6731 45.379 17.317 117.3171 39,424 39.424 152,000 1152.0001 Conglelon LC Mobilisation Digital Transfomotion strategic Leisure Review 130.000 1130.0001 38.000 100.000 62,000 30,000 20,000 50,000 Cumberlond Arena 32.412 11.6021 30,810 - Cyber I ICT Security 50.000 50,000 -CRY 24.000 19.0001 15,000 Sociol Action Partnership 4,500 4,500 Estate and Suslainability Fund 460.000 460,000 - Wilmslow LC Equipment 212,200 212,200 Orgonisational Change 50,000 50.000 Total Deslgnated Funds 412.608 1,057,313 644,705 Total Funds 968.456 25,696.311 (24,794.634) (75.000) 1,795,133 Poge 38 of47 Everybody Health & Leisure (Registered Compony Number 086859391 Trustees, Reporl & Financial Slolemenls lor the Year Ended 315t Morch 2025 Unrestricted Funds Restrlcted Funds Designated Funds Analysls ol Net Assets be￿een Funds Total Funds 2025 Tangible Fixed Assets 2,583,155 2,583,155 Currenl Assets Creditors: omounts folling due within one year Creditors: amounts falling due after one year 4,409,716 1,468,265 5.877,981 14.888,8691 14,888,869) 1994,5631 1994,5631 Total 1.109,439 1.468.265 2.577.704 Funds Funds Funds Total Funds 2024 Analysls of Net Assets be￿@en Funds Tangible Fixed Ass&ls Current Assets Creditors: amounts falling du8 wilhin one year Creditors." amounts folling due after one year 2.122.116 2,122,116 3.606.935 1,057,313 4,664,248 14,222,741) 14.222.7411 1768,4901 1768.4901 Total 737,820 1.057,313 1.795,133 Restricted Funds Recondltloning / Healthy Neighbourhoods This scheme is a 12-month virtual exercise pilot programme, targeting all groups who are unable to access physical octivity and exercise provision, in-person, due to de- conditioning. Connected Communities In respect of the Holmes Chapel Community Centre, funding of £2.000 was received to be spent as appropriate to enhance a community environment. These funds have now been fully utilised. Poge 39 of47 Everybody Health & Leisure (Registered Compony Number 086859391 TtV51ees' Report & Finonciol Statements for the Year Ended 31sl March 2025 Designated Funds staff Membership Scheme Income is set aside from the staff membership Scheme which is to be used for stoff activities. development. and benefits during forthcoming years. Management Training A sum of £39,424 had been designated during 2021-22 towards future management development costs. During 2024-25. costs of £13.212 were incurred. Digltal Transformallon An amounl of £62.000 had originally been identified as being allocated for assisting Everybody to further transform its digital platforms. During 2023-24. this value was increased by £38.000 and in 2024-25, 0 further £400.0130 was added with £24,158 having been spent. strateglc Lelsure Review A brought foward value of £50,000 had been allocated to assist with future costs to be incurred for a Strategic Leisure Review of Everybody's operations. During 2024-25, this value has been increased by £25,000. Cumberland Arena An original amounl of £80.000 was recognised as income during 2022-23 to finance initial c05t5 to be incurred for a project at the Cumberland Arena, in association with Crewe Town Investment Plan. The unspent brought forward amount of £30.810 has been increased further during 2024-25 by £30,000 and is now expected to be spent during 2025-26. Cyber / ICT Securlty An amount of £50,000 has been brought forward and allocated to enhance the existing controls against cyber-attacks and all aspects of ICT security. No costs were incurred during 2024-25. CRY An amount of £15,000 had been brought torward from 2023-24 to further continue a relationship with Cardiac Risk in the Young. This amount will allow further Everybody staff aged between 18 and 35 to be assessed by CRY to increase awareness, screening and research and supporting affected families. During 2024-25, £12,000 was spent with a further £13,000 hoving been allocated during 2024-25. Soclal Actlon Partnership An amount of £4.500 has been brought forward from 2023-24 and has been designoted for continued use into future years. This wos received from the Cheshire East Social Action Partnership to enable sector representation at Care Community meetings across the region. Page 40 of47 Everybody Health & Leisure (Registered Company Number 086859391 Tru51ees' Report & Finonciol Slalements for the Yeoi Ended 31 it Morch 2025 Estate and Sustalnability Fund An amount has been designated to be deployed in order to enoble the Charity to respond to emerging risks in on increasingly uncertain landscape including investing in infrastructure. energy efficiency, sustainobility and social value initiatives to ensure we remain fit for the future. Wilmslow Lelsure Centre Equlpment An amount of £212.200 hos been brought fotword from 2023-24, based on ari original purchase price of £250,000 for an investment of new equipment at Wilmslow Leisure Centre. A further reduction of £50.000 hos been applied during 2024-25. Organisationol Change An amount of £50,000 has been brought forward from 2023-24 to assist with further orgonisational changes in future years. Activity Hub (Abillty tor All) An amount of £1.500 has been designated during 2024-25 to allow for further activities to be carried oul until August 2025. Macclesfield Athletlcs An amount of £30,000 has been designated during 2024-25 as a contribution from Everybody towards improving Ihe service offering available on the athlelics track at Macclesfield Leisure Centre. 17. Related Party Transactions Everybody Health & Leisure has a close working relationship with Cheshire Eost Council ICECI. who nominote two of the eleven trustees of the charity. These two nominated trustees have equal voting rights with the other trustees. In addition. o close working relationship has also been established wilh Holmes Chopel Porish Council IHCPCI with Everybody Health & Leisure investing in and operating the Holmes Chapel Community Centre on behalf of the Parish Council. Poge 410147 Everybody Health & Leisure (Registered Compony Number 086859391 Trustees, Report & Finonciol 51olemen15 lor the Year Ended 3151 Morch 2025 The following is a summary of transactions with Ihese entities: 31 March 2025 31 March 202 Donations & Legacies -CEC - HCPC -CEC 6.060,000 64,000 1,913,576 13,604 6,179.394 64.000 7,566 5,834,793 62,000 2,077,016 19,647 5.948,157 62,000 5,000 Grants and Contracts Loan Interest Repaid Charitable Expenditure -CEC -CEC - HCPC Everybody Foundation The above donations relate to an amount calculated for use of the Borough and Parish Council owned facilities at a nil rental, a corresponding equal amount is shown as Charitable expenditure. The Grants and Contracts income refers to amounts received from Cheshire East Council for Ihe delivery of various 5etvices within the facilities owned by Cheshire East Council. This includes income relating to the purchase of back office and IT support provided by the Counci1 on behalf of Everybody Health and Leisure (which is repaid as expenditure identified as Charitable Activities). In addition, the following transactions occurred during 2024-25 with organisations which are identified as being Related Parties to Trustees or Senior Managers of the Company: Alsager Multi Academy Trust: £19,691 income - facility hire. £9.611 expenditure on facility hire Hermitage Primary School: £825 income - facility hire Everybody Foundation: £7,566 expenditure - match funding of income generated and a donation Cheshire Football Association: £250 expenditure- football referee and award sponsorship As part of the One You Contracl, £90,000 p.a. is allocated for distribution to support local projects that will enhance service delivery, allowing for research and piloting of specific projects to respond to changes in residents, needs, advances in technology and changes in local / national policy. Projects will support the local Cheshire East Partnership five-year plan to improve the heallh and wellbeing of local communitie5, enabling people to live longer and healthier lives. These transactions are excluded from Ihe SOFA for 2024-25. Page 42 0147 Everybody Health & Leisure (Registered Company Number 086859391 Trustee5' Report & Finonciol Slalements for the Year Ended 315t March 2025 During the year, certain building costs incurred by Everybody on behalf of Cheshire East Council were recharged at cost value. These totalled £560,136 and have not been disclosed as either expenditure or income as they relate to Council owned building assets. The Everybody Foundation offers grants and assistance for the benefit of particularly the public in areas where Everybody Health & Leisure operates. The aim is to promote, preserve and advance good health and wellbeing including but not limited to participation in physical activity and healthy recreation. The Foundation is treated as a Related Party as three of the trustees are also Everybody Health & Leisure Trustees. In addition, the fourth trustee is the chief executive of Everybody Health & Leisure. Cheshire East Council have indemnified Everybody Health & Leisure's pension liability (refer to note l.14}. As at 31 March 2025, the Local Government Pension Fund has a surplus balance of £8,984,000. The projected amount to be charged to the Operating Profit for the period to 31 March 2026 is based upon a projecled payroll of £2,839,000. Amounts due to: Cheshire East Council - Various Cheshire East Council - Loan Principal Cheshire East Council- Interest Within One Year 445,427 426.862 105,600 176,000 6.606 13,845 Amounts due from: Cheshire East Council Holmes Chapel Parish Council 180,552 122,923 240 18. Defined Benefit Pension Scheme The charity continues to operate a defined benefil scheme which is now closed to new employees. The scheme is part of the Local Government Pension Service ILGPSI, and "Everybody" has its own asset5 held within the wider fund. An actuarial revaluation is carried out every three years. The fund is administered by independent trustees who are responsible for ensuring it is funded to meet current and future obligations, the agreed contribution rates for future years are 21 .61. for employers and between 5.510 and l 0.5%. depending on pay for employees. Page 43 0147 Everybody Heolth & Leisure IRegi5tered Company Number 086859391 Trustees, Report & Finonciol Stolemenls for the Year Ended 31 sl March 2025 Penslon Commllments Rate of increase in salaries 3.40T. 3.45% Rate of increase in pensions payment Discount rate 2.70% 2.75% 5.85To 4.85% Commutatlon of Pensions to Lump Sums Pre April 2008 setvice Post April 2008 service Assumptions are made to allow future improvements to mortality rates. Mortallty assumplions Life expectancy at 65 Retiring today Male 50% 501. 75Yo 7510 21.6 years 21.6 years 24.4 years 24.4 years Female Retiring in the future Male Female 21.5 years 21.6 years 25.4 years 25.4 years The fair value of the scheme assets and the expected rate of return, the present value of the scheme liabilities and the resulting surplus / Ideficitl, as recognised in the SOFA are: 2024 Equities Bonds 12,664,320 12,678.500 10,289,7600 9.128,520 Property Cash 3,166,080 3,042,840 263.840 507, 7 40 Total Market Value of Assets 26.384,000 25,357.000 The actual return on Scheme Assets was £1 ,707.453. In 2023-24, this value wa5 £1,609,080 Poge 44 of 47 Everybo(Jy Heallh & Leisure IRegi51ered Company Number 086859391 Trustees, Report & Finonciol Stolements for the Yeor Ended 315t March 2025 Amounls Recognlsed in Ihe Slatement of Flnancial Actlvities Employer Contribution Past Service Cost Current Service Cost Expected Return on Pension Scheme Assets Interest on Pension Liabilities Total 1613,0001 {642,0001 150,000 471,000 528,000 11,239,0001 11,121,000) 1.037.000 1,010,000 (344,000) (75,000) Actual Retum on Scheme Assels Movements In the Presenl Value of the Deflned Beneflt Obllgatlon were as follows: Opening Defined Benefit Obligation Contributions by Employees Actuarial Losses / (Gains) Benefits Paid Interest Cost Current Service Cost Past Service Cost 598,000 1.558,000 21,251,000 21,043,000 184.000 179,000 15,175,000) 11.234,0001 1368,0001 1425.0001 1,037.000 1,01 0,000 471,000 528,000 150,000 Closlng Deflned Benefll Obllgation 17,400,000 21,251.000 Movements In The Falr Value of Everybody's Share of Scheme Assets: Opening Fair Value of Scheme Assets Interest Income Actuarial Gains and {Lossesl Contributions by Employer Contributions by Employee Benefits Paid 25,357,000 23,403,000 1.239,000 1,121,000 1641 ,0001 437,000 613,000 642,000 184,000 179,000 1368,0001 1425.0001 Total Limitation of movement recognised under FRS102 26,384,000 25,357,000 18,984,000) 14,106,000) Closlng Deflned Beneflt Assets Recognlsed Everybody Health & Leisure (Registered Compony Number 086859391 Trustees, Report & Financiol Slolemenls lor the Year Ended 31 sl Morch 2025 17,400.000 21.251,000 Poge 45 0147 The pension scheme has a surplus,. this is reviewed through a re-evaluation of employer's contribution at each triannual review. This year's opening Surplus has increased in year from £4.Im to surplus of £9.Om. However, to satisfy pension accounting rules under FRS702 in relation to recognition of scheme asset, the movemenl has been limited in order not to recognise an asset. thus the balance recognised at 31 March 2025 is £nil. The scheme was fully funded at transfer, valued on an 'ongoing' basis, and is valued in different ways by the actuary for different purposes: The 'ongoing' basis of valuation is used by the actuary to set the funding strategy of the scheme and the contribulion rates for the scheme and uses a discount rate that reflects the asset mix that the fund invests, with a degree of prudence, Ireturn on government bonds + outperformance 1.6Tol. FRS102 reporting requirement gives a more prescribed calculalion of the discount rate stating, it must be 'determined by reference to market yields ot the end of the reporting period on high quality corporate bonds., The contribution for the year ended 31 Morch 2026 is expected to be £613,000. Cheshire East Council have indemnified Everybody Health & Leisure's pension liability should one occur (refer lo note 1.141. The fund is cuirently valued with a surplus of £9.OOm as at 31 March 2025. but as per above. the balance recognised at the balance sheet date is £nil. 19. Operating Leases Annual Total Wlthln the Flrst Year Second to Fifth Over Five Ye Years Inclusive 01 Apr 2024- 31 Mar 2025 01 Apr 2023-31 Mar 2024 8,456 5,762 6,535 9,604 Operating lease payments recognised as an expense lotalled £9,4581£6,8901 in 2023-241. Poge 46 0147 Everybody Health & Leisure (Registered Company Number 086859391 Truslees, Report & Financial Stalemenls for the Year Ended 3151 Mijrch 2025 20. Finance Leases nual Total Year Second to Fifth Years Incluslve Over Five Years 01 Apr 2024- 31 Mar 2025 Gross Lease Payments Due Less Interest Charge Net Lease Charges Due 460,119 184,2131 375,906 1,049.922 190,5591 959,363 01 Apr 2023 - 31 Mar 2024 Gross Lease Payments Due Less Interest Charge Net Lease Charges Due 270,407 155,1041 215.303 737.489 174,5991 662,890 21. Financial Instruments 2025 2024 Flnanclal Assels that are Debl Instruments Measured at Amortised Cost: Trade debtors Accrued Income Total 968,706 880,548 387,661 741,702 1,849,254 1.129,363 Flnanclal Llabllltles Measured at Amortlsed Cost: Trade creditors Loans Finance Leases Accruols other creditors Total {1,157,9301 1105.600) 11,335,269) 11,218,123) 1134,9551 (3,951,877) 1923,9561 1176,000} 1878,1931 11,399,736) {118,0531 (3,495,938) Cash and Term Deposits Total 3.925,336 3,422,449 Poge 47 0147 Everybody Health & Leisure IRegistered Company Number 086859391 Trustees, Report & Financiol Slalements for Ihe Year Ended 3151 Morch 2025