2025-03-31-accounts

REGISTERED COMPANY NUMBER: 08737838 (England and Nvales) REGISTERED CHARITY NUNIBER: 01158520 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 FOR BURNLEY LEISURE AND CULTURE (A COIVIPANY LIMITED BY GUARANTEE) Bumley leisure & culture Ainsworths Limited Chartered Accountants and Statutory Auditors Charter House Stansfield Street Nelson Lancashire BB9 9XY

BURNLEI Y LEISURE AND CULTURE (A COMPANY LIMITLI D BY GUARAKfEE) CONTENTS OF THE FINANCtAL STATEIIIENTS FOR THE YEAR ENDED 31ST MARCH 2025 Page Report of the Trustees Ito8 Report of tbe Independent Auditors 9t0 11 Statement of Financial Activities 12 Balance Sheet 13to14 Ca8b Flow gtaternent 15to16 Notes to the Financial Statements 17to28

BURNLEY LEISURE AND CUL TUR {A COMPANY LIMrrED BY GUARAIYTEI ) REPORT OF THE TRUSTfi ES FOR THE YEAR ENDED 31ST MARCH 2025 The tru8tees who twe al80 directDr8 of the company for the purposes of the Companie8 A¢t 2006, pre8ent their report with the financial ytatem¢nts 0£ th¢ charAty for tbc year ended 31s1 March 2025. The financial statemeots comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by CIMrities: Statement of Recommended Practice applicable to charities preparing their account8 in ao¢ordan¢e with the Financial Reporting Standard applicable iti the UK and Republic of Ireland (FRS 102). REFERENCE AND ADMINISTRATIVE DETAILS Registered Cojnpany number 08737838 (England and Wales) Reglstered Charity number 01158520 Registered office St Peters Centsr Bank Parade Church Street Burnley Lancashire BBII 2DL Trustees Mrs D Livesey Mr Ryan Bradley Dr S MAnten hQs S Haworth-Pearson Mr B Butterworth Mr N Tranm¢r (resigned 12th June 2024) Mr8 H Tyson Mr W Rashid (resiglled 12th April 2024) Mr C J Barnes Cllr A C Lewis Cllr M Hurt (ftppointed 22nd April 2024) Mrs J Caiiie (appointed 9th September 2024) U Raziq (appointed 281b October 2024) Role Chair & Community Nominee Community Nominee Community Nominee Community Nominee Community Nominee Community Nominee Community Nominee Employee Nominee Community Nominee Council Nominee Council Nominee Employee Nominee Con]nLunity Non]inee Key Management Per￿nnel Mr P Fostet Mr M Dempsey (resigned IBt Maroh 2025) Mr S Bryce C Goodnmtt Mrm Dixon Mrs C Steels Role Chief Executive Head of Ho8Plt&lity & Culture Chief Operating Officer Head of Community & Wellbeing Head of Finance Head of Culthre Auditors Ainsword]s Limited Chartered Ao¢ountants and Stathtory Auditors Charter House Stansfield Street Nelson Lancashire BB9 9XY Bankers HSBC Ballk PLC 12 Manch&ster Road Burnley Lancashire BBII ITfrI Solicitors Winckworth Sherwood LLP Millerv& House 5 Montague C108e London SEI 9BB Page I

BURNLEY LEISURE AND CIJLTURE (A COMPANY LIMITED'BY GUARANTF]g REI PORT OF THE TRUSTEES ri OR THEI YEAR EI NDED 31ST MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEIMENT Governjllg document The company was incorporated on 17th October 2013 and registered as a oharity on l Oth September 2014. The charity is controlled by its governing thument, the Memorandum and Articles of Associatio￿ alld collstitutes a company> limitsd by guarantee, a8 defincd by the Companies Act 2006. In the event of tbe comp8my being wound up m¢rnbeTS are required to contribute an amount not exceeding £1. Reeruitment and appointment of new trustees Th¢ Board shall Collsist of at least three and not more than eleven individua18, ¢Otnpri8ed ￿ follows.. Olle Etnployoe TrnSte￿. up to two Local Authority Tru8te¢8' and up to eight Community Trustee8. Th¢ Community Trnytees 8hall at all times be in the majority. These trnstees shall be elected with necessary expertise oo- opted where appropriate by the existing trustees. When considering co-optAng trnstee4 the Board has regard to the requirement for any specialist skills necded. Rlsk management The truste¢s have examined the major strntegic, business and operational ri8k8 which the charity faces and confm that Systems have been gstkthlished to ensure regularrewrts are produced atld that the necessary steps can be taken to addres8 any i88ues arising. Bunlley Leis1￿e and Culture is aregistereAI charity operating withiti a company linLited by guarantee. The board of tNstee8 ha8 the authority to co-opt individuals wilh relevant expertise where appropriate. Organi5atioll strllcture The Board Currently Consists of eleven ttustees attd is re8pollsible for key policy thisions and the effective governance of the organisation overall. The Board ha8 a minimum of six meetings per financial year. The day to day operdtion8 of Burnley Leisure and Culture are managed by the Gharity'8 8enÈor management team (the Executive) nwle up of the Chief Ex¢cutive at￿ SenriGe Managers. The Executive 18 given strategic direction by a Bollrd of Tn￿tee8 (the Board) regarding the provision and operation of the services in acconlance with the c0ntn￿ts, lease& and filnding agreements made with Burnley Bon)ugh Council. Th¢ Board has ultimate respon8ibility for the governance of tbe chwity, and directs, suppor18 and clJall¢nges the Executive in its work. Relllted parties Tru8tees are required to declare an inter¢st if they are involved in any actiVAties which may compromi8e their role as trustee and a mollitoring mechanism t8 in place. The related party tran8aCtion8 during the past y¢ar hav¢ bc¢n disclosed below in the notes to the fwancxal statements. Page 2

BUJVILEY LEISURE AND CULTUREI (A COMPANY LIMITEI D BY GUARANTEE) IIEPORT OF THE TRUSTfi ES FOR THE YEIIR EI NDED 31ST MARCII 2025 OBJECTIVES AND AcrIvrtiEs Burnley Leisure and Culture has been established for Public BenefLt: To provide or assist in the provision of both indwr and outdoor facllities in the interests of social welfare for recreation or other leisure time occupatiott of itidivAduals who have need of suGh by reason of their youth, age, infjmiity of disability, finallcial hardship or 80cial circumstances or to the publio at large with the object of improving their collditions of ]ifc' audlor To prornote ￿MInu￿ltY partlCApation in Healthy Recreational Activities, an(Vor To provide or assist in tho provision of comrnunity f8oilitie8 to be available to all sections of the commurtity without distinction, including the use for me¢tings, lecture and classes and/or other forn￿ of recreation and leisute time ooGupation with the objecl of improving the conditions of life for all those who use the facllities. alldlor To advance the education of the public in all aspects of dramatic art through the provision of 8 theatre. anwor Such other charitable pun￿Se8 a8 the trustee8 in their absoluts discretion may detern]ine Public benefit The trnstee8 are confident that the Charity offers services of real and practical use to the local popul&tion alld therefore complies with the respollsibillty pla¢ed on all charities under the Charities Act 2011 to d¢mon8trate a public benefit. Page 3

BURNLLI Y LEISURE AND CULTU￿1 (A COMPANY LIM￿￿< D BY GUARANTEI [1 ) IiEPORT OF THEI TRUSTEES OR THL YEAR ENDED 31ST MARCH 2025 ACHIEVEMENTS AND PERFOIIMANCE Introduetion The 2024125 financial year has been a pivotal Chapter in the ongoing evolution of Bumley Leisure and Culture. It was a year marked by Strong growth, significant organisational change, and a renewed sense of ambition for the future. With the appointment of a new Chief Ex¢cutive and Head of Community and Wellbeittg, we have entered a new phase of leadership that build8 upon the legaoy of the past decade while settillg the course for long-temi innovation and impact. Throughout the year, we oontinued to strengthen our role as a leading provider of wellbeing, cultural, and leigure 8ervi¢e8 across East Lancayhire. Our commitment to delivering high-quality, acces8ibl¢ programmes h&8 ettablod us to senre our conununities more effectively-whether through ￿Cord-setting attendance io our leisLtre Gentres, expanding cultural engagement acro88 the borough, orpioneering inclusive health and wellbeitig initiatives. This report caplxwes a year of dynamie progress, dtiven by collaboration, investment, and a 8haTed vision for Burnley as vibrant, healthyg and connected place to live, wo￿, and tbrive. As we look ahead, we remaiti fmly fooused on 8UStainabilitytr growth, and deepening our partnerships to deliver even great¢r value for our conmunity. Facilities We have achieved significant growth across all aspects of operations within the last 12 montb8 and continue to be recognised a8 the leading provider for wellbeing, health. cultwal and bospit&lity experien￿ across East Lancashire. Our Lei8ure Centres have witnessed outstanding growth, in particular the fItn¢88 member6hip with gTOWth of 34%, and Swim Academy, with over 3500 children bellefitting from our sohool swimming progMnllne and learn to swim gmwth by 19 /. We continue to excel in working in parlllership with all stakehold¢r8 and making areal imp&Gt across the borough, our present UCLall partnetghip has 980 local students regularly taking part in health und fithe&8 Fdctivities. BLC'8 golfing operations C￿ltinue to be a great Succe￿ with incr¢ased participation, record attendances on the 18-bole golf course and driving range with over3 n]ilLion balls hit on th¢ rang¢ atone, alongside record sales at our golf thops. Ourfootball pitches bave also achieved reoord attendattces with neaTly 40 football teams participating weekly. Burnley Mechani¢8 Theatre has experienced another wsitive year, demonstrating growth in ticket sales with an ever- increasing diverse programme, and positive gtDwth in fLmction8 and private hire events. We do still eftcounter challenges within Lbe present eGonomic Clin￿te and operational costs associated but are in a strong position and our progranm)ing reflect8 affordable div¢r8e cultural experiences. We continue lo engage with a significant number of partners and organisations in ensuring increased comjnunity use for the theatre. Our intsgrated food and beverage offetings have wilnessed further growtb across all 8it¢8 with a reputation for quality nd outstanding customer service, wbi18t still impacted with challenges of ever-increasing cost of goixls and 8taffll￿, The team continue to deliver leading event experiences both within our venues and eKternally> With nwiy events such a8 f￿tive and pre-theatre dining sold out. Due to better weather in the last quarter of the year, w¢ witnessed increased foo￿￿11 and sales within our park venues and continue to explore llew opportunities, Down Town I(itchen & Café continues to thrive, demonstrating even stronger partoership and collaboration WOrk￿g with several impactfid projects such as paid on meals, free breal(Easts for child￿ll and cookery schools. We continue to reinve8t in all our faoililie8, operations. and technology in ¢nsuTiDg we Continue to innov&te alld provide premium servi¢¢s, 80me eXa￿p1￿ being significant investment in Prairie Sports Vlllage's conferencing facilities, Mechanics. artists and Sanitary provision, lei8ur¢ centre gym4 viewing galleries, accessibility and wint of sales, kit¢h¢n equipment and BLC App. Page 4

BURNLEY Lll ISURE AND CULTURE (A COMPANYLIMIT]LD BY GUARANT￿￿1) REPORT OF THE TRUSTEES FOR THE YEARENDLD 31ST MARCH 2025 ACHIEVEMENTS AIYD PERFOIiMAIYCE (CONTINUED) Facllltles (conthiued) We are COM￿ltted to reducing our catbon footprint and n¢t zero targets to ensure operations are 8UStainable and have obtained Broftze 8tatU8 for Carbon Literacy &cro88 the Trnsl. We have signifi¢ant reduction8 and good practices detnonstrated acros8 all areas, such as micro-filtration, waste recycling, Composting, packaging, reuse of food waste, recycled products, local produot sourcing and energy saving management 8y8teJn8. We continue to invest heavily in our people and provide job oppottunitie8,, ranging from our success￿1 apprenticeship and Èntern schemes to UP8killing our existing workforce, ben¢]]JnaTking witb quality a88uranoe and mystery visit sclwnes. Culture Following the launoh of Burnley's Cultuial Fr&mework at the end of the 2023/24 financial year, ¢ultutal development plans have wntinued to grow toward8 Burnley 2027 Ycar of Culture and its legacy. Tbe Culthre Burllley netwo￿1ng group has expanded signif1C￿l1Y over the year with a suocessful prograrnffte of events attracting people from acro88 a r1￿£¢ of sectors and organisations {approAinthly 120 network m¢mb¢r8), resulting in th¢ e8tabli8hment of a series of working groups to take ownership of thematic area8 including mu8iCg placemaking? heritage, outdoor to￿￿ commuwty engagfflnent and more. WoA( continued acr058 the full financial year to deliver the Arts Council England funded Hug Bwnley Imechanics Theatre Presents) programme of outreach and community foGU5ed activity, bringing theatr¢, comedy, storytelling) crafts and other activities to comtnunity 8paces. This partnership with cultural programmer cultUr￿edIa, engaged 148 ￿eative practitioners across the proj¢c¢ with 688 active parLicipants taking part in activities and 2,622 audienGe members. The Caravan Gallery Burnley Pride of Place Project, also funded by Arts Council England concluded in September 2024 with 19 creative practitioners engaged 898 active participants, 3,578 audience Members and 7 volunteers. The town centre pop up was incredibly successful alld built relationships with communities. created many new links with artist8 and m&lcer8 and opportLU]ities for collaboration. £15,550 was secured through Burnley's SharedProsperity Fund Scheme towards preliminary activity feeding into Burnley Words F¢8tival 2025, with funding running to 31 March 2025. 50 activiti￿ were delivered across the period. Across the 3 programmss, we developed partnerships and significantly inoreased the connectivity between communiti¢8 and BLC. Thi8 h48 laid the growidwork for a further successEul applicatxon to Arts Council England for £43,650 towards Burnl¢y Word8 Fe8tival 2025 and legacy activity in partnership with festival producer Culturapedia. The leaming has ulbo support￿ the development of programming in the Mechanics Theatre, olle example of nots being that we have fomied a new relationship with Dance Syndrome to deliver programm¢s of inclusive dance which are open to all, regardless ot physical Ability. In September 2024 we held the fjrst CulNre Burnley Awards, & highly silocess￿l event attended by around 180 people pnd 9 awards categories. The event elevated the profile of Burnley's cul￿ra1 wtor and has strengthened local relationships. This evellt will be held again in 2026. Collaboration with Burnley College Continues to develop through the Mechanics hosting events, exbibltions and work placements. We also collaborated oll bringing a perforniance focused on youth mental health to the college. attsnded by around 100 students. Page 5

BURNLEY LEISURE AND CtJLTURE (A COMPANY LThIITED BY GUARANTtI E) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 ACHIEVEMENTS AND PERFORMANCE (COIYTINUED) Community and Wellbeing Over the past 12 months, Con]munity and Wellbeing Projects, initiatives, and programmes have continued to expand and evolve, Among the Icey achievements is thc SUcce￿ful completion alld launch of Padihajn HiveA transfom]td bowling club and green that now operates as a conimunity hub, encouraging outdoor activity, social engagemenL and local pride. Another major rnilestone is the introduction of the 10-year Outdoor Town Vision. a lollg-tenn strategy aimed at embeddillg physical activity into daily life across the borougb. Developed in partneL8hip with the Active Burnley Fornm and supported by Together all Active Future (TaAF), this visii)n reflects a shatEd commitment from a wide netwo￿ of local orgallisations, health leaders, and con]munity partne￿ to foster a tnore active, CODnected, aod healthier Bumley. Over the past 12 months, we've undergone seve￿1 staffing changes, presenting a valuable opportunity to realign our focus and reAlefine our priorities. We've welcomed a new Health Development Manager, Specialist Health Programme Manager, and Comtnunity Development Manager, alld we are currendy ill the process of recruitillg two new Sport and Play Activators. These additions will enable us to strengthen our outdoor and nature-based initiatives, expand famAIy- oriented activittes, and enELance our specialised health programm¢8 targeting specific l¢)ng-terni conditions, Looking thead, the next phase of Together an Active Future (TaAF)-known as the Deepening pha8&-brings a great opportunity for Pet]nin¢ lancasbire. With mor¢ investsnent coming into the ar￿ the focus WAII be on lackling physical inactivity in three key areas: Health in Primary Care, Active Environments, and Education settings. Burnley IKi8ure and Culiure (BLC) Ilas been identified as a key parlner in this work and will play an important role in helpillg to deliver these priorities over the next two ygars. Conclllslon As we reflect on a year of growth, innovation, and 8trengthen¢d community ties, Bun]ley Leisure and Culture stand8 poised for an exciting £Liture. Through 8trategi¢ p￿tllerShip8, inveslJnent in people and places, and a comn)itment to si￿lainabl11tY and inclusivity, we have laid finn foundations for the next phase of our journey. We are proud of the progress made and energised by the opportunities ahead as we Gontinue to develop the organi8ation to SUPPQrt the heulth, wellbeing, and culthral life of our Gornmunity. Page 6

BURNIIY LLI ISUREI AND CUL TURE (A COMPANYLIMIT£D BY GUARANTEEI ) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCll 2025 FINANCIAL REVIEW The attached statement of fmanoial activities 8hows how our ￿llas were rAised and applied during the year. Th18 8tatem¢nt 8¢parat¢8 £und8, which the Gharity itself control8- unrestricted thnds, from funds which have to be spent in a mann¢r detennined by the donor- r¢stricted ￿nds. In tbis year restricted fiEnds have been received from variou8 grant making bodies. Looking to the future we will continue to maintsin a tight control overcosts, monitorin¢ome ¢108¢1y, and strive to idelltify future funding stream8. We aim to ensure that we are well placed to react to any fijrther negative or indeed positive impact of the economy. Investment policy The tru8tee8 regularly monitor the available cash reserves of the charity and seek to maximi8e the ititere8t earned on such funds, Reserves policy The charity has insufficient res¢rve8 to en8ure that it cun d¢al with majorunexpected adverse devclopmen18 Without direct support fix)m Bumley Borough Council. The trustees maintain a regular dialogue with th¢ Counoil to en8UTe thaL should ajor unexpected adverse developments attse, ally difficulties that require attention are addre88ed in a mutually agreeable manner. The ttustees are confident tltst the tharity has e8tabli8hed divw8ity of operations, sufficient versatility md control of expenditures of such nature that it is able to adapt to ohanging circumstances that will aris6 from time to time under norn￿1 business circumstall￿. The trustees have considered the current adver8e economic climate when reviewillg their reserves policy and are confident, in light of the changes planned, that the clwity is sufficiently robust and able lo continue operating nonnally whilst it seeks to achieve these target8. At the year elld the charity had unr¢8tri¢ted reseLTe8 of £491,661 and restricted reserves of £264,096. In addition to th re8erves the pension scheme was in Surplus by £4,957,000. Page 7

BURNLEY LLI ISURLI AIYD CUL TURE (A COMPANYLIMITED BY CUARANTEE) REPORT or( THE TRUSTEES FOR TEIE YEAR EIYDED 31ST IWIARCH 2025 STATEMEINT OF TRUSTEES RtSPONSIBILrriES The trnstees are responsible forpr¢paring the financial statements in acrordanGe with applioabl¢ law and United Kingdom Generally Accepted Accounting Practice, Company law requires the tru8tees to prepare fu]ancial staterAents for each financial year. Under that law the t￿sleeS have ¢leGtsd to prepare the fmanGial stat¢Jn¢nt8 in arxordance WAth the United Kingdom Generally Accepted Accounting Practice (United I(ingdom Accounting Standards and applicable law), including FR.S 102 tbe Financial Reporting Standard applicable in the UK and Republic of Ireland, The financial statements are required by law to give a trne and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In pr¢paring those financkal statsments, the t￿Stee8 are requir￿ to: 6ele¢t suitabLe accounting policieg and then apply them consi8tentIy' observe the methods and principles in the Charities SORP and FRS 102. make judgemcnts and estimates that are reasonable and pn￿ent. state whether applicable UK acoounting standards have been followed, subject to any material departUK8 disclosed and explained in the financial statements, prepare the fllllmcial statements on the going col￿e￿ basis unl&gs it is itiappropriate to presume that the Clwitable company will continue in business. The trnstees are resp)nsible for keeping proper aGoounting record8 which disclose with re￿Onable accuracy at any time the financial position of the charitable Company and to enable them to ensure th&t the fin[￿cial st&temcnts Gomply with the Cotnpanies Act 2006. They are also r¢spoll8ible for Safegu￿lAg the assets of the charitable rnpany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The t￿￿treS are responsible for the maillten&llce and integrity of the GOQ)orate and finan¢ial infonnation included on the charitable company's webslte. Legislation in the United Kingdorn governing the preparation md dissemination of financial statements may differ from legA81ation in other jurisdictions. STATEIVIENT AS TO DISCLOSURE ofi IL¥FORMATION TO AUDrroRS So far a8 the trnstees are aware, there is no relevant inforniation (as defined by Section 418 of the Companies Act 2006) of which the c]]aritabl¢ Comp￿ly'S auditors are unaware, and each trustee has taken all the Steps that they ought to have talcen as a tru8t¢e in order to make them awar¢ of any audit information and to establish that the charitable company's auditors are aware of that infornL8tion. AUDrroRS The auditor8, Ainsworths Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordance with the specxal provi8xons of Part 15 of the Compatiie8 Act 2006 relating to small companies. 01¥4 BEHA[￿ or( TIIE BOARD,. D Livesey Chair Dats., 20tlb October 2025 Page 8

REPORT OF THLI ]ND[I PEIYDENT AUDITORS TO THE MEMBERS OF BURNLEY LEISURE AND CULTURE {A COMPANY LIMrfLI D BY GUARANTEE) Oplnlon We have audited the fll)ancial statementg of Bumley I*i8ur¢ and Culture (the 'charity') for the year ended 315t March 2025 which comprise the Statement of Fitian¢ial Activities, Balance Sheet, Cash Flow Statement and Note8 to the Financial Statements, including a 8umw of 8ignifioant a¢¢ounting policie8. The fmanGial reporting framework that has been applied in their preparation 18 applicable law and United Kingdom Acoounting Standards, including FIn￿claI Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (Unkted Kingdom Gen¢rally Accepted Accounting PraGtice). In our opinkon the fmancial statemgnts., giv¢ a true and fair view of the state of the oharity's affairs as at 3 1st March 2025 and of its incomillg resources and application of resour￿8, inoluding its income and expendittwe, for the year then ended, have been properly prepared in accordance with United Kingdom Generdlly Accepted Accounting Practice. and have been prepared in accordance with the Lrquirements of the Companies Act 2006. Basis for opinion W¢ conducted our audit in accordance with International Standards on Auditing (UK) (ISA8 (UK)) and applicable law. Our responsibilities under those st￿dardS are ￿rther described in the Auditors, responsibilities for the audit of the financial statements section of OUT ￿port. We are independent of the charity in accordance witb the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'8 Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidcnce we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusion relating to golng concern In auditing the fllwicial staterllents, we have concluded that the directors, use of the going concern basis of accounting in the preparation of the financial 8tat¢tnents is appropriate. Based on the work we have perfom]ed, we have not identified any materAal uncertainties relating to events or conditions thaL individually or collectively, n￿Y cast significant doubt on the charity's ability to ¢ontinue as a going ¢on¢em for a period of &t least twelve months from when the f￿all¢la1 statements ar¢ autborised for issue. Our responsibilities and the responsibilities of the dir¢¢tors with re8pe¢t to going GonGern are de8CTilTred in the relevant sections of this report. Other Anformatlon The trustees are responsi￿1¢ for the other infomation. The other infoiination comprises the inforniation in the Report of the TnJst¢e8, but does not include th¢ financial 6tat¢m¢ut8 and our R¢port of the Auditors tbereoll. Our opinion on the financial ststements does not cover the other inforniation and we do not express any fonn of assurance con¢lu8ion th¢T¢O In ¢onn¢ctioll witb our audAt of the f￿anCIal State￿ents, our responsibility is to read the other inforniation and, in doing 80, consider wbetber the other infornlation is materially inconsi8t¢nt with the fil￿ncIal stat¢￿ents or our knowledge obtained ill tbe audit or otherwise appears to be materially misstated. If, ba8ed on the work we have perf0m1￿, we conclude that there is a material mi&8tat¢mellt of this other illfonnation, we are required to report that fact. We have nothing lo re￿rt in this regard. Opinion on other matters pre8¢ribed by the companie.s Aet 2006 Ill our opinion. bused on the work undertaken in the course of the audit: the inforniation given in the Re￿rt ol the Trnstees, which iticludes dir¢¢tor8' report and strateEl¢ report for the purposes of company law, for Èbe fmancial year for which the fman¢ial statements are prep￿ed is consistent with the f￿￿￿claI statements. and the Strat6gic Report and the Directors, Report included withill the Report of the Trustee8 has been prepared ill accordance with applirablg legal requirements. Page 9

RLI PORT OF THE INDEPENDENT AUDITORS TO THII MEMBERS OF BURNLEY LEISURE AND CULTURE (A COMPANY LIMITED BY GUARANTEE) Matters on whiell we are required to report by exeeption In the light of the l(nowl¢dg¢ and understanding of the company and its environment obtained in th¢ course of tbe ￿dIt, we have not identified material xnisstatements in the Report of the Trustee8. We have notbing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion,. Adequate andproper accoulltitig records have notbeen kept, ot returns adequat¢ for our audit have not beenreceived from branches not Vi8it¢d by us. or the financial 8tat¢m¢nts are not in agreement with the ￿CoUntIng re¢ord8 and rekn. or certain di8¢108ure8 of trusiew, remuneration specified by law are not made. or we have not received all th¢ inforniation and explanations we require for our audit. or the trustees were not entitled to prepare the financial statements in aGcordanGe with the small companies regime and take advantage of the small Companies, exemption from the requirement to prepare a Strategic Report or inprep&ring the R¢port of the Trustees. oi Material misst24tement in the strategic report or dir¢¢tor8' report inoluded within the t￿stee8 rq)ort Responsibilities of trustees As explain￿ more fidly in the Statement of'fru8tees' Responsibilities set out on p&ge 8even. the tMstee8 (who are also the diTeGtor5 of the Gharitable company for the pury)ose8 of company law) are respon81ble for the preparation of the .fInancial statements and for being Satisfied that they give a true and fair view, and for such internal Gontrol a8 the trustee8 deterniine neces5Ary to enable the preparation of fmancial statements that are free from material misstatemellL whether due to fraud or error. In preparing the financtal ststements, the ttW8tees are rexwnsible for as8e8sing the Ch￿l￿S ability to continue as a going concern, disclosing, as applicable, n￿tterS relatd to going concern and using the going concern basis of acco[￿ting unle&8 the trnste¢s eitherintend to liquidate the charity or to cease operations, or hav¢ norealistic alternative but to do 80. Oitr respollslbllities for the audlt of the financlal stateAllellts Our objectives are to obtain reasonable a￿￿Tance about whether the fllwi¢ial 8tat¢tnents as a whole are free from material rnisstatwnent, whether du¢ to fraud or em)r, and to i88ue a Report of the Auditors that includes our opinion. Reasonable a8surnn¢¢ is a high level of a88uran¢e, but is not a guarantee that an audit ¢ondu¢ted in accordance with ISAS (UK) will always detect a material misststement whell it exAsts. Misststements can arise from fraud or error and are Consider￿ material if, individually or in the aggregate, they Gould reasonablybe expect¢d to influence th¢ eoonornic decisions of users taken on the basiy of the8e fllwncAal 8tatements. and assessin otential risks related to irre U]￿ltieS In identifying and a&ses8ing risks of material mAs8tatement in respect of irregularities, we considered th¢ following: the nature of the industy and seGtor, control environment Emd business perforniancg" Tesults of our enquiri¢s of manag¢ment about their own identification and as8¢83ment of the risks of irregularities. any matters we identified having n￿le enquiries of management about tbeirpolicies and procedures relating to: identifying, evaluating and complying with laws alld regulations and whether they were aware of any Instan￿ of noncompliance. detecting and r&8ponding to the risks of fraud whether they have knowledge of any actual, suspected or alleged fraud.

the intsrllal controls established to mitigate risks of fraud or non-compli￿¢¢ with laws and regulations. the mutters discussed among the audit engagement team regarding l￿W and where frdud might 0￿ur in the f￿anCial statements and any potential indicators of fraud. AS a result of these procedures, we considered the opportunitAes and incentives that may exist within the organisation for fraud. tn common with all audils under ISAS (UK), we are a180 required to p¢rfom] 8pKi&c procedures to respond to the risk of management OVe￿Ide. Page 10

RFPORT OF THE INDEPELYDII NT AiTDITORS TO THE MEMBERS OF BURIYLEY LEISUREI AND CULTURE (A COMPANY LDIITED BY CUAIL4F4TEE) We also obtained an understanding of the legal and regulatory frameworl(s that the ¢on)pany operates in, focusing on provisions of those laws and Tegulattons that had a direct effect on the deterniination of material amounts Jlld disclosures in the fmanoial statements. The key law8 and regulations we considered in this context included the UK Companies Act and local tax legislation. In addition, we considered provisions of other law8 and regulation8 that do not have a direct effect on the financial statements, but ¢omplian¢e with whi¢b may be ftmdamental to the company's ability to operate. Audit res on8e to risks identified As a result of perforn]ing the above our procedures to respond to the risks identified in¢Luded tbe following., reviewing the financial statements disclosure and testing to supporting docutllentation to assess compliance with provi8ion8 of relevant laws and regulations described as haNing a dire¢t effect on the financial statements. enquiring of management about actual and pot¢ntial litigation and claims. perfonnAng analytical procedures to identify any unusual or uneKpe¢Éed relatioll8hip8 that may indicate rA8k of nMterial tnisstatement due to frdud, in addressing the risk of fraud through tnanagement override of controjs, testing the appropriateness of journal entries and other adjustrnents. a88essing whether tbe judgements made in making accounting e8timate8 are indicative of apotential bias. and evaluating the business rationale of ally significant transactions that areunusual or outside the norrrtal course of business. We also communicated relevant identified laws and regulation8 and potential fraud risks to all engagement team members and remained alert to any indicatiDn8 of fraud or non-compliance with laws and reguiatiolls throughout the audit. A fuLtherdescription of Durresponsibilities for the audit of the finallcial statement8 18 locatsd on the FinancialReporting Council's website at www.frc.0rg.uklaudito￿eSponsIbIIitIes. This description forms part of our Report of the Auditors. Use of our report This report is rnade solely to the charity's tnembers, as a body, in accordance with Chapter 3 of Part16 of the Companies Act 2006. Our audit work has been undertaken 80 that we might state to the charitable company's trustees those matters we are r¢quir¢d to state to them in a Report of the Auditors alld for no otherpurpose. To the ￿lIest extent pern]itted by law, we do not accept or assume responsibility to anyone other than the charitsble CO￿panY alld the charitable company's tnistees a6 a body* for our audit work, for this reporL or for the Opillions we have fomLed. Mark Sunter (Senior Slathtory Auditor) for and on behalf of Ainsworths Limited Chartered Accountants and Stattitory Auditors Charter House Stansfield Street Nelson LanGashire BB9 9XY Date: 20th OGtober 2025 Page 11

BURNLEI Y LEI ISURE AND CULTURI (A COMPANY LIMITED BY GUARANTEE) SI'ATEMENT OF IflNANCIAL ACTIVITIII S ONCLUDING INCOME AND EXPEIYDITtiRE ACCOUNT) FOR THEI YLI IgR ENDED 31ST MARCH 2025 31,325 Total fund8 31.3.24 Total Ft]nds Unrestricted funds Restrieted funds Notes COME Illcome from charitable activities: Grant inwme Operation of leisure and arts f&cilities 80,008 7,278,400 409,683 140,785 489,691 7,419,185 694,749 6,448,077 lllvestment income 16,566 7,374,974 Total income 550,468 7,925,442 7,157,338 EXPENDrruRE Ralsing fllnd5 Chayltable activltie8: Operation of leisure and arl8 facilities Other Balance of pen8ion scheme operating charge Net ititsrest on pengion s¢heme liability Total expenditure 781A86 781,486 645,522 0,497,570 535033 7,033,403 6,492,712 19 19 (20,000) 158 000 (20,000) 158,000) 7,636,889 40,000 94,000 7,084,234 7,101,056 535,833 NET INCOllltI l(IXPlI NDITURfi) Other recogllised gains and 1058e8 Pension scheftne aCtU￿la1 gains 273918 14,035 288,553 73,104 19 1,811000 1,811,000 1,143,000 NET MOVEMENT IN FUND8 2,084,918 14,635 2,099,553 1,216,104 RECONCILIATION OF FUNDS Total funds broughl fDrivard 3J63,743 249,461 3,613,204 2,397,100 'roTAL FUNDS CIIRRIED FORWARD 5,448,661 264,096 5 712 757 3,613,204 The stateÉnent of fwancial activities includes all gains and losse8 recognised ill the year. All income and expertditure are derived from continuing activitie8. Page 12

BURNLLI Y LLISURE AND CULTURE (A COMPANY LIMITED BY GUARAN￿￿{ ) BALANCEI SHEEI T AT 31ST MARCH 2025 31.3,25 31,3,24 Note8 FIXED ASSETS Tangible assets io 369 634 268 570 CURREIYT ASSETS Stock Debtor3 Cash at bank and in hand li 12 147,441 236015 715,680 139,726 260,766 611,287 1,099,436 1,011,779 CURRENT LIABILITIES Amouftts falling due within one year 13 (713,313) (595J25) NEIT CURRENT ASSETS 386,123 416,454 TOTAL ASSETS LESS CURRENT LIABILrriES 755,757 685,024 LONG TERM LIABILlu￿s Amounts falling due after ong ygar 14 39,820 NET ASSETS EXCLUDING PE( NSION SCHEME 755,757 645,204 PENSIOL¥I SCHEME SURPLUS 19 4,957,000 2,968,000 NET LIABILrrIEs INCLUDING PENSION SCHEI ME 5,712 757 3,613,204 riUNDS Unrestricted fimds Restricted funds Pension sch¢m¢ surplusl(deficit) 17 18 491,661 264,096 4,957,000 395,743 249,461 2,968,000 TOTAL FUNDS 5 712 757 3 613 204 Page 13

BURIYLEY LLI ISURE AND CULTURI {A COMPANY LJMITLI D BY GUARANTEE) BALAFJClli SHEET FOR THE YEAR ENDED 31ST MARCH 2025 The tru8tee8 have prepared the accounts in a¢cordan¢e with section 398 of the Companies Act 2006 and section 138 of the Charities Act 201 l. These financial statsments have been prepar¢d in accordance with the 8pecial provision8 of Part 15 of the Companie8 Act 2006 relating to small charitable companies and with the Financial Reporting Standard 102 (effective 1st January 2019). The finmcial &tatemellts were approved by the Board of Trustees on 20th October 2025 and were Signed on its behalf by: D Live8ey Chair Page 14

BURNL￿y LEISURE AND CULTURE (A COMPANY LIMITED BY GUARANTEEI) CASH FLOW STATIMENT FOR THE YEAR ENDED 31ST MARCII 2025 31.3.25 31.3.24 Notes Cash flows from charltable activitie4 Cash generated from activities Net Ca8h from charitable activities 335,816 198,516 335,816 198,516 CHsh tloiY$ from flnanclng and Investing a¢tivities 14ixed asset additions Interest received New loan in the year Loan repaymsnts iti tb¢ year (195,998) 16,566 (198,840) 14,512 51,991 (51991) Net cagh from firtancing activities (231,423) (132,337) IllcreaseJ(decrea8e) In cash and eash eqlllvalent8 104,393 66,179 Cash and cash equlvalents at the beginnlng of the year 611,287 545,108 C&sh and cash equivalents llt the end of the year 715,680 611287 Page IS

BURNLLI Y LEISURE AND CULTURE (A CO￿ANy L￿￿IT￿l D BY GUARANTEE) CASH FLOW STATEMlli NT FOR THE YEAR ENDED 31ST MARCH 2025 RECONCILIATION OF SURPLUSI(DIFICIT)'TO CASH CENERATED FROM ACTIVITIES 31.325 31,3.24 Surplus for the year Interest received Depreciation Loss on disposal of assets 2,099,553 (16,566) 90,008 4,926 1.216,104 (14,512) 74,138 2,177,921 (7,715) 24,451 130,159 (1,989,000) 1,275,730 (14,761) 73,326 61,221 (1,197,000) Increase in 8tooks Decrease in trade and other debtors Ittcr¢as¢ in trade and other or&litor8 (Increase) in pension scheme surplus Cash generated from charltable aetivitie$ 335,816 198,516 CASH AND CASH EQUtVALENTS The amounts disclosed on the Cash Flow Statement in respect of cath and cash equivalents are in respect of th#8e Balance Sheet amounts.. Year ended 315t March 2025 31.3.25 1.4.24 Cash and ca8h equivalents 715,680 611,287 Year ended 31st March 2024 31.3.24 1.4,23 Cash and Gth ¢quivalent8 611,287 545,108 Page 16

BURNLEY LEISURE AND CULTURE (A COMPANYLIMITED BY GUARANTKE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEI D 31ST MARCH 2025 ACCOUNTING POLICIES Company Informatloll Bundey Leisur¢ and Culture is a clwitable company, limited by guaralltee, registered in England and Wales, The ch￿Ity'S r¢gi8tered number &nd registered office address can be found ott the Company Inforn]ation page. Each member's personal liabilAty is limited io an amount not ¢xceeding £1, Basi8 of prepAriTrg the financial statements The fLllancial 8tatements have been prepared in accordance with applicable accounting standards. The fu￿nCIal statements have been prepared on a goitig concern b&8is which a￿umeS that the compatty will be able to meet its liabilities as they fall due. The relat¢d party, Burnloy Borougb Coullcil, have confimied their support to Lhe charity by the offer of financial 8UPPOrt in the following fmancial ye￿. They have continued the pri)vision of grdnt support and continued 8UPPOrt of the charity in its Cash flow requirements. Accordingly, the trnstees h&vc concluded that it is appropriate for these fmtmcial Statements to be prepared on the going concem basis. Accounting convendoll The financial statements have b¢en prepared under the historlcal cost convention, and in accordanGe with AGcounting and Reportillg by Charlties: Statement of Recommended Practice applicable to cEwities preparing their accounts in accordance with the Financial Rq)orting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective I. January 2015)- (Charities SOBF (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011. Burnley Leisure and Culture meets the definition of a public benefit entity under FRS 102. A85ets and liabAliti&s are initially recogllised at hi8tori¢al wst or transaction Vah￿ unless otherwise stated in the relevant accounting policy note, Ineomlng resoiirces All incoming resour¢es are included on the Statement of Financial Activities when the charity 18 legally entitled to the in¢0￿e and the amount can be quantified with reasonable a¢ouracy. IncoJn¢ 18 the amount derived from ordinary activitie8, and Stated after trade discounts, other sale8 taxes and net of VAT, Grant8 re¢eivable Ar¢ accounted for when due. Income 18 deferred when it is recFived in advance of the pttriod to which it relates. Investment income is recognised on a receivable basis. Resources expended Expendittwe 18 accounted for on an aGGrnals basts and h&s b¢en Classified under headings that aggregate all c08t related to the category. Where costs cannot be direGdy attribLlted to particul￿ headings they have been allocated to activities on a ba818 consistent with th¢ use of resources. Clwitable expenditure Comprises ￿ose wst8 incurred by the charity in th¢ delivery of its activities and services for IL8 bellefiGiari¢8. It includes both costs that can be &llocated directly to Such activities and those costs of an indirect natur¢ nece88ary to 8UPPOrt them. Governkm¢e costs include those costs associated with meeting the con8titutional alld statutory r¢quirernents of the Gl]aTity and include audit fees and costs linked to the strategic management And administration of the charity. All 8UPPOrt costs are allocated b¢tw¢en the activity expenditure Gategories on a basis de8igned to refiect the use of the resources. Support costs are apportion¢d on an appropriate basis e.g. time spent, floor areas, or estitnated usage. Page 17

BuRNI￿y LEISURE AND CULTURE (A COMPANY LThIITED BY GUARANTEE) NOTEI S TO THEI fi INANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUIYTII¥4G POLICIES (CONTINUED) Tanglble Ilxed assets and depreclatlon Depreciation is provided at the following annual Tate8 in order to write off each asset over its eslimated usefill lifo or, if held under a finance lease, over the lease term, whichever is the shorter. Fixtures and Fittings loo/￿33￿/0 on cost Fixed assets The fmancial statements do not include the cost of land, buildings and equipment used at nominal rentbyBurnl¢y LeAsure and CulttLre, whose title rests with Bumley Borough Counoil. It is not practicably possible to altribute a value to thÉs benefit. T&ution The charity is exempt from corporation tax on its ch￿Itab￿ activities. Fund &ccoiindng Unrestricted funds can be used in accordance with the charitable obj￿tiveS at tlLe discretion of the trustees. Re8trKcted funds only be used for particular reslrictsd purpo8e8 within the objects of the charity. Restrictions arise when specified by the donor or when fmnds are raised for particular rcstricted purposes. Further explanatiort of tbe nature and purpose of eaoh fimd is included in the notes to the financial statements. Pension costs and otlier post-retlrement benefits The charity participates in a de[￿ed benefit scheme. Although the scheme is a multi-employer scheme it is possible to allo¢ats a share of the a8setB and liabilities to the charity and hence contributions are accounted for a8 a defined bonefit scheme in ac¢ordan¢e with FRS 102. Stoek Stock is valued at the lower of cost and net realisable value, after making due allowances for slow and obsolete items. Stock 18 valued on a first in first out basis on historic,al cosL Leasing Rentals payable under operating lea8e8 are clwged against iJ¢ome on a straight Iin¢ basis over the lease te￿. Debtors Short tern] debtors are measLued at transaction price, less ally impaimLent, Credltors Short tem creditors are nLea&ured at transaction price. Significant Judgements and estlmates Preparation of the financial statements r¢quires management to make signtficant judgements and estimates. The ajor item in the financial statements where these judgements and estimat¢8 must be made is in relation to the pension 8cheme. Management con8uIt with experts to provide appropriats assumptions on which to calculate projected funding position for the scheme. Details of the assutnptions within the calculations to derive the net value of the pension fund are 8hown within note Ig. Page IS

BURNLEI Y LEISURE AND CULTUR (A COMPANYI,IMITED BY GUARAIYfEE) NOTEI S TO THE FINANCIAL STATEMENTS IOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNfiNG POLICIES {CONTINUED) Slgnlflcant judgements Iwd estimates (eontlnued) There has been sub8talltial volatility in fmancial markets over recent years due to global wars, and their subsequent impact on global supply chains and infiation. These have Co1￿CqUenCeS for asset and liability value4 and this is reflected in the 2024125 accounting figures. CHARITABLE ACTIVITIES- GRANT INCOME 31.3.25 31.324 Sport England Lancashire County Council HAF Active Lancashire Word8 Fe8tival Cardiao R¢habilitation Bumley Borough Council Arts Council England Stocks ma￿eY Partner contribution8 Business Health Matters Burnley) Pendle and R08sendale CVS Climate Action Fwld 168,562 80,626 77,328 68,000 40,525 29,384 18,223 10,450 8,600 1,567 1,333 239,979 69,882 111,058 29,400 27,000 25,196 83,690 4,000 59,637 30,000 14,907 (14,907) Total 489,691 694,749 In 2024, of the tot￿ grallt income, £611,229 was restricted and £83,520 was unrestricted funds. CHARfTABLEI ACTIVITIES- OPII RATION ofi fiACILITIES 31.3.25 31.3.24 Burnley Borough Council annual contract fee Income from the operation of leisure and arts facilities 1,129,315 6,289,870 7 419,185 951,063 5,497 014 6,448,077 tn 2024, of the total clkaritable a¢tivitie8 inwne, £278,874 was r￿tricted and £6,169,203 was unre8trict¢d funds. Page 19

BURNLEI Y LEI ISURE AND CULTUR (A COMPANY LIMITED BY GUARAWfEE) NOTFS TO THEI FINAF4CIAL STATEMEN'TS FOR THE YEI AR LNDED 31ST MARCH 2025 RAISING FUNDS Unrestricted Ilunds Restrletsd Funds Total 31.3.25 Total 31,3.24 Staff costs and allowallo¢8 Premises expenses Supplies and 8ervice8 Transport expenses Bu8ine8s and te¢hniG&l support (See note 6) 450,272 27,049 271,816 1,059 312SIO 781486 450,272 27,049 271,816 1,059 31,290 781486 377,231 17,935 220,188 818 29,350 645 522 Ill 2024, of the total costs of charitable activities, £nil wa8 re8trictsd and £645,522 was unrestricted thndg. COSTS OF CHAIUTABLE ACTIVITIES Unrestrlcted Funds Restricted Fund5 Total 31.3.25 Total 31.3.24 Staff costs and allowances Pr6mise8 expenses Supplies and services Transport expenses Business and technical support (8ee note 6) Governance cost8 (see note 6) 3,623,228 235,937 2J41,174 8,936 281,645 6,650 6 497 570 429,216 7,505 98,516 596 4,052,444 243,442 2,439,690 9,532 281,645 3,838,859 162,463 2,212,678 8,417 2fv1,145 7,033,403 6,492,712 In 2024, of the 10t￿ Costs of charitable activities, £958,129 wag restiictsd and £5,534,583 was untestricted funds, Included in the above ￿e governance and support costs. These costs have been allocafrd using an element of judgement as the charity has had to consider the costlb¢n¢fit of detailed calcullltions and record keeping. Therefore, support costs have been allocaknl acoordingly to proportion of direct CQ6ts in¢urr¢d within each charitable activity. GOVEI RNANCE AND SUPPORT COSTS 31.3.25 Total fwids 31.3.24 Total Ful￿8 Unrestricted funds Restrictsd funds Busines8 and teckniGal support Audit Services Non-audit 8ervice8 312,935 5,700 950 312,935 5,700 950 293,495 5,250 900 319,585 319 910 299,645 In 2024, of the total governance alld support costs, £nil was restricted and £299,645 was unre8tri¢t¢d fill￿8. Page 20

BURNLEY LEISUR[ AND CULTUREI (A COMPANY LIMITED BY GUARANTEE) IYOTES TO THE f4lNANCIAL STATEMENTS FOR THE YEAR ENDEI D 31ST MARCH 2025 IYET OUTGOINC RESOURCES Net resources are stafrd after charging.. 31.3.25 31.3.24 Auditors, remunerntion DepLrciation 6,650 6,150 74,138 TRUSTEI ES, REMUNERATIOFI AND BELYEI FITS Trustees, RemunerAtAon During the yeaT remuneration of £18,852 (2024: £43,995) was paid to two (2024: one) employee twstees, in relation to their employment dutie8. These payments are authorised by the Articles of Association. No trnstees received rernuneA2tion for their roles as trust¢¢s for the year ended 31st March 2025 nor for the year ended 3 i&f Marcll 2024. Trustees? Expenses There were no trustees, expenses paid forthe year ended 3 1st March 2025 nor for the year ended 318t March 2024. STIIFF COSTS 31,3,25 31.3.24 Wages and 8alarAes Social security costs Other pension costs 3,759,010 271,408 472 298 3,755,429 263,650 445 157 4,S02,716 4 464 236 The average monthly number of employees diwing the year w&8 as follow8.. 313.25 31.3.24 Employee5 201 188 Employees earning more than £60,000 during the year: 31325 31.3.24 £60,001- £75,000 The above staff men]ber participated in the defm¢d bellefit pension scheme. ContributioJL8 of £11,070 (2024.. £10,800) were made in relation to this individual. The total remuneration paid to Key Managetnent P¢r80nnel was £334,118 (2024.. £237.186). Page21

URNLEY LEISURE AND CULTURE (A COMPANY LIMITED BY CUAIL4NTLE) N(yrEs TO THEI FINANCIAL STATEMENTS FOR THEI YEAR EI4DED 31ST MARCH 2025 10. TANGIBLE FIXED ASSETS Flxthtres and fittings COST At Igt April 2024 Additions Di8posal8 At 318t March 2025 423,689 195,998 7 J76) 611711 DEPRECIATION At 1st April 2024 Clwge for year Eliminated on disposal At 31St March 2025 155,119 90,008 (3,050) 242 077 NET BOOI< VALUE At 31° March 2025 369,634 Al 31st March 2024 268 570 11. STOCK 31.3.25 31.3.24 L£isure centre stock Towneley golf stock Bar and catering 15,292 63,251 68,898 13,895 46,769 139 726 12. DEBTORS: AMOUNTS FALLINGDUE WITHIN ONE YEAR 31J.25 31.3.24 Trade debto Prepayments and accruejj illcome Other debtors 202,301 34,014 235,791 24,975 236 260 766 Page 22

BURNLEY LEISUREI AND cifL TUR (A COMPAIYY LIMITED BY GUAIiANTEE) NOTES TO THE fiNANCIAL STATtI MENTS FOR THE YCI AR ￿lDED 31ST MARCH 2025 13. CRtI DITORS: AMOUNTS FALLLVG DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Accruals and defetred income Other creditors Hire purchase contracts 327,324 314,966 71,023 181,511 251,411 150,232 12.171 595,325 713,313 14. CREDITORS: AMOUNTS FALLING DUE AFTERMOREI THAN ONE YEAR 31.3.25 31.3.24 Hire punhase contracts 15. OPERATTNG LEASLI COMLVItTMEP4TS The following operating lease payments ar¢ ¢ommitted and fall due as follows.. 31.3.25 31.324 xplry date: Within l year Between one and fiv¢ years 8,410 8.810 16. ANALYSIS ofi Nf( T LIABII.ITIES BETWEEN FUNDS 31,3,25 Total fullds 31.3.24 Total Funds Unrestrleted funds Reslrlcted funds FiJ(ed a8sets Current asset8 Current liabiEities Long term liabilities Pension 8ch¢m¢ 8UTpIu8 369,634 835J40 (713013) 369,634 1,099,436 (713,313) 268,570 1.011,779 (595J25) (39,820) 2 968 000 264,096 4 957,0(H) 5 448 661 264 090 5 712 757 Page 23

BURNLLI Y LEISURE AND CULTUREI (A COMPAIYY LIMITED BY GUARANTEE) NOTES TO THEI filNANCIAL STATEI MEI NTS FOR THE YEI AR NDED 31ST MARCH 2025 17. UNRESTRIcfED FUNDS Pensloll surplus General funds DeslgnRted fund8 Total fulld8 Bal8￿Ce at 1st April 2024 Net income / (expenditure) 2,968,0011 1,989,000 283,956 18,005 111,787 77,913 3,363,743 2.084,918 4 957 000 301961 189 700 5 448 661 Pury08¢s of deslgnrdted funds The trn8tee8 have designated ftu)ds to assist in the flltl￿e development of the charity and the upgrading of facilities. Genei'al fimd The general fund consists of the total of free r¢8erves available to spend on the objective8 of the charity. 18. RESTRICTED FUIWS At i&t Aprll 2024 Incomlng re8our¢es Outgoing At 315t March resources 2025 Project fund Active Streets Beat the Street clin￿te Action Fund Holiday Activities and Food programme Healthy Lifestyles Hug Burnley Ernest Trust Pride of Place Words Festival 90,887 47,983 36.000 (14,￿)7) 59,495 79J75 36,000 14,907 6,975 100,536 31,156 640 412278 28,814 6,329 89,346 4,071 19,000 401,088 1,729 19,000 14,050 45,525 550 468 5,000 19,050 249,461 535,833 The restiicted grants received in the year have been aat¢gorised above. 19. PEIYSIOIY ARRANGEMENTS The charity participate8 in the Lancashire County Pension Fund which is a ￿nded defined benefit scheme providing benefits based on f￿81 remuneration, The assets of d]e scheme are held separately from those of the clwity. Whitst thi8 is a multi-employ¢r s¢h¢me, the acNary is able to segregate the assets and liabilities relating to the oharity. During th¢ year, nonnal employer pension eolltributions of £472,298 (2024: £445,157) were paid to the s¢h¢me. Page 24

BURNLEY LEISURE AND CUL TUR (A COMPANY LIMITED BY GUARANTEEI ) NOTES TO THE FINANCIAL STATLI MKNTS FOR THEI YEAR ENDED 31ST MARCH 2025 19. PENSION ARRANGEIMKNTS (CONTll¥UED) The following calculations a8 at 316L March 2025 have been provided by the actuarie4 Mercer Limited, using the projected unit costs method. Prinoipal actuarial asgLunption8 U8¢d by the actLWy were follows: 31.3,25 31.3,24 Rate of CPI inflatioll Rate of illcrease in salaries Rate of increase in pensions Discount rate Life expectancy of a nlale hture pensioner aged 65 in 20 year8, time Life expectancy of a female ￿tUre pen8ionor aged 65 Ill 20 years, time Life expectancy of a male currenl pensioner aged 65 Life expectan¢y of a female current pensioner aged 65 2.60 4.10 2.70 5.90 22.3 2,60 4.10 2.70 4,90 22,40 25AO 25.30 21.10 23.60 21.10 23.50 The amounts recogni8ed in the balance sheet are as follows.. 31J.25 31.3.24 Present value of funded obligations Fair value of plan assets Net pension surplu81(deficAt) (9,089,000) 14,046,000 (10,261,000) 13229,000 2,968 000 Andysis of amounts charged to the Statetnellt of Financial Activities.. 31.3.25 31.3.24 Operatlng charge Current service cost Administration expenses Total operating clwge 435,000 19,000 467,000 18,000 31.3.25 31.3.24 Other finance costs Expected return on pension s¢h¢me assets Interest ort pensioll Schen￿ liabilities Net (income)Ichatge (658,000) 500,000 158 000 (563,000) 469,￿0 31.3.25 31.3.24 Total charge to resouT¢es expended in Staten]ent of Fillancial Activiti 296,000 391,000 Pag¢ 25

BURNLEY LEISURII AND CULTUR (A COMPANYLIMITED BY GUARANTEE) NOT￿ TO THE FINANCIAL STATEMENTS FOR THE YEARENDED 31ST MARCH 2025 19. PENSIOPI ARRAIYGII MENTS (CONTINUED) Analysis of the actuarial gain8 and1088e8 8hown in the Statsment of Financial Activities.. 31.3.25 31.3.24 A¢tuarial gains1{lo￿O8) on assets Actiwial gain81(1088es) on liabilities (207,000) 2 018 000 432,000 711,000 AcNaRial gain l (loss) recognised 1,811000 1143,000 Change8 in the fair value of the defjned benefit obligation are a8 follow8.. 31J.25 31.3.24 Opening defmed beneflt obligation Current service cost Intercst on pension scheme IAabilitie8 Enlployee contributions Actuarial (gainsylosses Benefits paid / transfers 10,261,000 435,000 500,000 192,000 (2,018,000) 281,000 9,945,000 467,000 469,000 180,000 (711,000) s9,[￿0 Closing defined benefit obligations 9 089 000 10,261.000 Changes ill tELe fair value of plan a￿ets are as follows: 31.3.25 31.3.24 Opening fatr value of plan a88ets Expected return on plan assets Acttiarial gain81(Ios8es) Employer contribiitions Employee wntributions Admint8tration expense8 Benefits paid i transfers 13,229,000 658,000 (207,000) 474,000 192,000 (19,000) (281,000 11,716,000 563,000 432,0(10 445,000 180,000 {18,000) 89,000 Closing fair value of plan as8ets 14 046 000 13,229 000 The split of asset8 between investment categories 18 us follow8.' 31.3.25 31.325 31.3.24 31.3.24 Equities Governmellt bond8 Olher bonds Property Ca8hlliquidity Otber 13,000 o.io 14,000 0.10 14,000 169,000 211,000 13 639,000 o.io 1.20 1.50 97.10 13,000 172,(M)O 238,000 12 792,000 o.io 1.30 i.so 96.70 14,046,000 loo.00 13 229 000 100.00 Page 26

URNLKY LLI ISURE AND CULTURE (A COMPANY LIMITED BY GUIllL4NfEE) NOTES TO THE FINANCIAL STATEMII NTS FOR THE YEAR ENDED 31ST MARCH 2025 19. PEIYSION ARRANGEMENTS (CONTINUED) All￿unts for the current and previous periods are as follow8: 31.3.25 31.3.24 31.3.23 Defined ben¢fit obligation Platt a88ots (9,089,000) (10,261,000) (9,945,(K)O) 14 046 000 13 229 000 11716000 Surplusl(deficit) 4 957 000 2,968,000 1.771000 A full actuarial review of the gcheftne was uadertaken as at 3 1st March 2025. Following the ￿11 aCti￿la1 valuation, etnployer contributions were agreed to 8tsy at a rate of 8.80010 with effect from ISI April 2025. The Gu￿ellt estimate of employer contributions for the year end¢d 31" M￿Ch 2026 18 £474,000. Implied Service cost is estimated at £284,000 and a net interest 84nd administration income at £287,000 resulting in the surplus iIICTea8ing by an estin]ated £471,000 to £5,428,000, 20. RELATED PARTY IJiANSACTIONS Underan agreement dated 25 March 2014, the charity acquired the use of the community arts and leisure facilities in the Bumley area from Bumley Borough cou￿11, a related party by virtue of its grant ￿ndIng to the charity. The corntnunity arlg and leisure facilities include all the equipment at each 8ite and enable the society to operate under its PtinGipal activity. The value of the equipment and the potential liability for the Consideration are not included in th¢ accounts in order to r¢fie¢t the substallce of the atTangemenL The charity operates from pren]ises owned by Burnley Borough Coullcil. Durillg the period, the Clwity received grant funding from Bundey Borough Couwil of £1,129,315 (2024: £951,063). Burnley Borough Council also provides professional services to the charity under a 8ervioo agreement which they were charged £312,935 (2024: £293,495) ill tbe period. During the year sales of £218,994 (2024.. £173,744) were c]]arged to, and expenditure of £203,226 (2024: £121,377) wa8 charged by, Burnley Borough Council. Page 27

BUIiNLEY LEISU￿1 AIYD CULTURII (A COMPANY LIMITED BY GUARANTEE) F40TES TO THF FINANCIAL STATEMEIYTS FOR THE YII AR 31ST MARCH 2025 21. COING CONCERN AND POST BALANCE< SHEEI T EVENTS In preparing this Annual Rewrt and Accounts, the tswtees have considered their statement made regarding preparatioll of the f￿ancIal statements on a going-concern basis. The finan¢iaI Statements havo been produc on a going ¢on¢eill basis as at 31 March 2025 because the t￿￿tee8 are 8atisfxed that the charity will meet all it8 obligation8 as and when they fall due over the fortseeable future. Ill fonlling thi8 opinion, the trustees have paid particular regard to.. ) Th¢ nature of and future prospects for the economic climate in which the charity operates. b) The adequacy of the liquidity in th¢ business demonstrat¢d through the current 12 month forecast. ) The continued sllp￿rt of the council. d) The remaining tenn to March 2029 of tbe tLanag¢ment agreement with BurnLey Borough Council, e) The competencies of the execiitive staff employ¢d by the charity. fj The actual performance to date for the fman¢Aal year ending 31st March 2026, The trustses are not aware of ally other r¢portable post balance sheet events at the time of this report. Page 28