Charity No. 1159054 Report of the Trustees and Financial Statements for the year ended 31st March 2024 for Henfield Leisure Centre
Henfield Leisure Centre Contents of the Financial Statements for the year ended 31st March 2024 Page Charity information Trustees, report Independent Examinerfs report Statement of financial activities Statement of financial position Statement of cash flows Notes to the accounts 9-14 Schedule to the statement of financial activities 15
Henfield Leisure Centre Charity Information for the year ended 31st March 2024 Chairman and trustee A Hillman Treasurer and trustee S Vickers Secretary and trustee E Holder Management Commlttee are a150 trustees) A Hillman E Holder S Vickers C Thorns ' G Pettifer Aslaughter. re51Ened 23 May 2023 R Mohamed * dled 22 Aprll 2024 S Thompson resigned 24 April 2024 Charlty Offlces The King's Fleld Henfield West Sussex BN5 9QB Independent Examlner Parkers Cornellu5 House 1781180 Church Road Hove East Sussex BN3 2DJ Bankers Barclay5 Bank plc 90-92 High Street Crawley West Sussex RHIO IBP
Henfield Leisure Centre Trustees, Report for the year ended 31st March 2024 The trustees present their report and the financlal statements for the year ended 31st March 2024 and confirm they comply with the requirements of the Charitles Act 2011 and the Charities SORP {FRS 102). Trustees The trustees and management committee named on page I have served throughout the year except for A Slaughter who resigned as a trustee on 23 May 2023. C Thorns resigned on 24 April 2024. R Mohammed d5ed on 22 April 2024. Appointment of the trustees is governed by the Constitution of the charlty. Investment power5 The Constltution authorises the management committee to make and hold investments using the general funds of the charlty, but no such investments are currently held. Con5tltutlon, oblects and pollcles The Charitable Trust is constituted by Trust Deed, and Its objects are to provlde or to asslst In the provislon of faci l ities for physlcal recreation of all kinds for resldents of Henfield and the surroundln8 area. The management of the affairs of the assoclatlonls directed by the Mana8ement Committee In accordance wlth the terms of the Constitutlon of the Association. Development, actlvltles and achlevements In respect of the year covered by the financial statements, the management commlttee consider that the performance of the charity has been satisfactory. The charity has been able to meet its ongolng objective of providing recreational facilities to the local community. Flnanclal revlew The charity has made a profivlloss) for the year of £29,766 {2023 -1£3,7991). Charlty Governance Code The Trustees seek to apply the princlples of the Charity Governance Code as they relate to the operatlons of the leisure centre. Future developments The trustees will continue to seek and exploit opportunities to develop and enhance the environment of the centre in a manner that is sustainable and doe5 not jeopardise the provision of the core activities. There are some specific projects to hi8hlight: (a) Padel Tennis courts The cornmittee has secured funding for two covered floodllt padel tennis courts. It was Identified early in 2022 as a credible and proven source of new Income, alongside a dynamic
Henfield Leisure Centre Trustees, Report for the year ended 31st March 2024 and fast-growing new leisure activity for all ages. Construction of the new courts will be starting in June 2024 with an anticipated completion date of October 2024. (b) Safe Space Horsham District Council {HDCI has selected the leisure centre to be the site for a safe space for school children aged 11 to 16. The objective is to provide a space for children to productively occupy themselves in the after-school period. The project cost of £115,000 is fully funded by HDC. (c) Sustainable Projects The commlttee will continue to proactively seek opportunities to make the lelsure centre more sustainable and energy efficient. In particular, we are currently investlgating the feasibility on Installing solar panels and we are working with Southern Water to look at ways of reducing our water usage. Reserves pollcy Reserves are needed to brldge the gap between spending and receiving income and to cover unplanned emergency repalrs and other expenditure. The trustees consider the ideal level of reserves at 31 March 2024 Is £lOO,000. Rlsk management pollcy The trustees annually review the rSsks and uncertaintles that the charity faces and have estsbllshed policies, systems and procedures to mitigate those risks. Publlc beneflt statement The trustees conflrm that they have complled with the duty In Sectlon 4 of the Charltles Act 2011 to have due regard to the guldance published by the Charity Commission on publlc benefit when reviewing the charivs main aims and objectives in planning future activities. Statement of trustees, re5ponslblllty The trustees are responsible for preparing the Trustees, Annual Report and the flnancial Statements In accordance with applicable law and United Kingdom and Accounting Standards (United Kingdom Generally Accepted Accountin8 Practice). The law applicable to charities in England requires the trustees to prepare financial statements for each flnancial year which give a true and fair view of the stste of affalrs of the charity and of the incoming resources and application of resources of the charity for that period. In preparlng these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent stste whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financlal statements; and prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
Henfield Leisure Centre Trustees, Report for the year ended 31st March 2024 The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularities. Approval This report was approved by the management committee on 30 April 2024 and signed on thelr behalf by: A Hlllman Chalrman and Trustee E Holder Secretary a nd Trustee
Independent Examinerfs Report to the Trustees of Henfield Lelsure Centre I report to the trustees on my examlnation of the financial statements of Henfield Lelsure Centre ('the charity,) for the year ended 31st March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes. This report Is made solely to the ¢haritVs trvstees, as a bodyi in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am qUired to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charitys trustees as a body, for my work. for thls report, or for the opinions I have formed. Responslbllltles and basls of report As the trustees of the charity you are responsible for the preparation of the financlal statements in accordance with the requlrements of the Charities Act 20111'the Act'l. I report in respect of my examlnation of the charft¢s financial statements carrled out under section 145 of the Act and in carrying Out my examination I have followed all the applicable Dlrection5 glven by the Charity Commlsslon under 5ectlon 145(5)(b) of the Act. An Independent examinatlon does not Involve gathering all the evidence that would be required in an audlt and consequently does not cover all the matters that an auditor considers In glvln8 thelr oplnlon on the flnancial statements. The planning and conduct of an audit goes beyond the Ilmited a55urance that an independent examlnatlon can provlde. Consequently, l express no opinion as to whether the financial statements present a 'true and fair, vlew and my report is limited to those speciflc matters Set out In the Independent examinerfs statement. Independent examinerf5 Statement Since the trusvs gross income exceeded £250,000 your examlner is required to be a member of a body listed In section 145 of the Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW. I have completed my examinatlon. I confirm that no materlal matters have corne to my attention in connection with the examination glving me cause to believe that in any materlal respect: accounting records were not kept In respect of the charlty as requlred by section 130 of the Act; or the flnanclal statement5 do not accord with those records; or the flnanclal statements do not COMP with the applicable requirement5 conceming the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fair view whlch Is not a matter consldered as part of an Independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statement5 to be reached. Annette Watson FCA Parkers, Cornelius House, 1781180 Church Road, HOVÈ, East Sussex, BN3 20J 22 May 2024
Henfield Leisure Centre Statement of Financial Activities for the year ended 31st March 2024 Restricted funds Unrestricted funds Notes 2024 2023 2024 2023 Income from: Fltness, clubs, groups Children's clubs Soft play area admission fees Soft play area catering Hire and sale of equlpment Donations and fundraising Grants Sponsorship Other income Total income 276,578 59,134 191,730 124,332 206,367 68,341 179,799 108,167 16,282 10,670 15,000 4,846 1,462 1,910 199 658,729 5,800 16,282 25,670 569,936 Expendlture on.. Dlrect charitsble expendlture Management & admlnlstration Net resources for the year Amortisatlon of grants & donations 626,W2 2,961 628,963 29,766 16,124 45,890 78,741 124,631 570,929 2 806 573,735 {3,799) 17,625 13,826 64,915 78,741 16,282 25,670 16,124 17,625 158 8,045 157,912 149,867 158,070 157,912 Funds brought forward Funds carrled forward All of the amounts above related to continuing actlvltles. There were no recognised gains or losses for 2024 or 2023 other than those included above.
Henfield Leisure Centre Statement of Financial Position at 31st March 2024 Notes 2024 2023 Fixed Assets Tangible fixed assets 488,675 482,289 Current Assets Stock Debtors Cash at bank and in hand 1,254 2,535 73,140 76,929 1,425 1,529 42,396 45,350 10 Current Llabllltles Creditors.. amounts falling due within one year 11 144,671 130,102 Net current (Ilabllltles}/assets {67,742) 420,933 (84,752} 397,537 Credltors,, amounts fallln8 due after one year Net Assets 12 138,232 282,701 160,884 236,653 Fund5 Unrestrlcted funds 124,631 78,741 Restricted funds 158 070 157 912 Approved by the trustees on 30 April 2024 and signed on their behalf by: A Hillman Chairman and Trustee E Holder Secretary and Trustee
Henfield Leisure Centre Statement of Cash Flows for the year ended 31st March 2024 Statement of cash flows 2024 2023 Cash flow from operating activltles: Net cash provided by/(used in) operating actlvitles 116.886 63,759 Cash flows from Inve5tin8 actlvities: Purchase of property, plant and equipment Net cash provided by/(used in) investin8 activlties (53,1081 129,331) (53,108} (29,331 Cash flows from flnanclng actlvltles: Cash inflows from new borrowing Cash outflows to repay borrowing Grants and donations received Net cash provided by/{used in) financinE activities (49,316) (66,6971 16,282 25,670 33,034) (41,0271 Chan8e In cash and cash equlvalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 30,744 42,396 73,140 (6,599) 48,995 42,396 Reconclllatlon of net Income (expendlture) to net cash flow from operatln8 actlvltles 2024 2023 Net Income/(expendlture) per the statement of flnanclal actlvltles 29,766 13,799) Adjustments for depreciation charges (Increase)/decrease In stocks (Increase)/decrease in debtors Increase/{decrease) in creditors Net cash (used inl/ provided by operatlng activities 46,722 171 11,LX)6) 41,233 116,886 45,931 1,825 1,665 18,137 63,759 Analysls of cash and cash equlvalents Cash in hand Bank surplus/{overdraft} - see note 10 420 72,720 73,140 420 41.976 42.396
Henfield Leisure Centre Notes to the Flnancial Statement5 for the year ended 31st March 2024 Accountlng pollcies 1.1 Basis of accountlng The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparlng their accounts in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2015) (Charities SORP (FR5102)). 1.2 Income Voluntsry income and donations are accounted for as received by the charlty. The income from fundraising is shown gross with the assoclated costs Included in fundraising costs. No permanent endowments have been recelved In the period but these are dealt with through the Statement of Financial Activities when received. Investment income plus associated tsx recoverable is credited to Income on an accruals basis, using a daily accrual for interest, 1.3 Fund accountlng Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Restrlcted funds are donations or grants which the donor has specified are to be used solely for partlcular areas of the CharlV5 work or for speclflc projects bein8 undertaken by the Charity. 1.4 Expenditure on management and admlnlstratlon Administration expenditure IncILS all expenditure not directly related to the charitsble activity or fundraisln8 ventures. This includes the cost of running office premises, staff salarles for admlnistrative staff and examination fees. 1.5 Tanglble flxed assets and depreclatlon Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rate5 calculated to wrlte off the cost of fixed a55ets, less their estimated residual values, over their expected useful lives on the following basis: Bulldings Hall floor Flxtures and fittings Sports and other equipment Office equipment Soft play equipment 5% pa reducing balance IO% pa reducing balance 20% pa reducing balance 20% pa reduclng balance 20% pa reducing balance evenly over five years 1.6 Assets under constructlon The costs of assets under construction are recognised as an asset when.. (a) It is probable that the future economic benefits that are associated with such 355et will be obtained," (b) The acquisition cost of such asset can be measured reliably; and (c) Such assets a re still in the construction process. Depreciatlon Is not charged on the costs of assets under construction.
Henfield Leisure Centre Notes to the Financial Statements for the year ended 31st March 2024 1.7 Stock St¢xk is valued at the lower of cost and net realisable value after maklng due allowance for obsolete and slow-moving stock. 1.8 Leases Assets obtained under finance leases are capitslised as tsngible fixed assets. Depreciatlon is charged over the estlrnated useful life of the asset. Finance leases are those where substantially all of the benefits and ri5k5 of ownership are assumed by the charity. Obllgations under such leases are included in creditors net of the finance charge allocated to future periods. The finance element of each payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate on the net obligation outstanding in each period. Rentals appllcable to operating leases where substantially all of the beneflts and risks of ownership remain with the lessor are reflected in the Statement of Financial Activities. Grants 2024 2023 Restrlcted: Awards for All Horsham Dlstrlct Councll 10,000 5,000 15,000 Dlrect charltable expendlture 2024 2023 Stsfflng costs Bar and caterln8 Premlses Supplies and services Financlal services Depreciation 392,486 71,744 65,417 38,686 10,947 46,722 626,002 341,641 64,560 72,218 27,841 18,738 45,931 570,929 Management and adminlstration 2024 2023 Independent examlnation fee Telephone and internet 750 2,211 2,961 700 2,106 2,806 -10-
Henfleld Leisure Centre Notes to the Financial Statements for the year ended 31st March 2024 Employee numbers 2024 2023 The average number of staff employed during the year.. 16 15 Tangible flxed assets Offlce •4ulpment Sports & other •qulpment Awts und•¥ ¢on5tructlon Bylldlni Hill Moor Soft plry •iulpment flttfjr7p Tot (Not• 71 At 1st Aprll 2023 Addltions Disposals Ai 3tst Marth 2024 442,340 64.506 2,728 628 132,129 11,745 iO,C¥)Ql 133 874 118.567 21,282 70,S(KI 830,770 53,108 iO,fKM) 873,878 19,453 442.340 64,506 139,849 70.5(M) 19,453 DwecSatl At 1st Aprll 2023 Char8e for the year On dlsposals At 31st March 2024 97,253 17,254 17.482 4,702 1,610 349 88,817 ii.oii 72,820 13,406 70,499 348,481 46,722 io,ooo 385,203 114 507 22,184 86,226 Net book lu* At 31st Marth 2024 327.833 42,322 L397 44,046 53.623 19,453 488,675 At 31st March 2023 345.087 47,024 I,IIB 43,312 45,747 482,289 All fixed assets are used for charitable purposes. Assets under constructlon 2024 2023 Planning and Inspectlons Deposit for construction 13,453 6,000 19,453 Assets under construction represents the costs incurred at the balance sheet date relating to the buildin8 of two padel tennis courts. Funding for the project was secured shortly after the balance sheet date. Stock 2024 2023 Catering goods 1,254 1,254 1,425 1,425 11-
Henfield Leisure Centre Notes to the Financial Statements for the year ended 31st March 2024 Debtors 2024 2023 Due within one year: Trade debtors Prepayments and accrued income 320 2,215 2,535 1,529 1,529 10. Cash at bank and In hand 2024 2023 Cash Operational Funds received In advance (S) 420 12,720 60,000 73,140 420 41,976 42,396 {il These are monles received in advance from Southern Water speclfically as a grant to fund a project to reduce water consumption at the lelsure centre. At the balance sheet date no amounts had been expended, consequently there Is a corresponding amount in short term creditors (see note 11) since the money 15 Potentially refundable. 11. Credltors fallln8 due wlthln one year 2024 2023 Horsham Dlstrlct Councll Loan Finance leases Bonds Trade credltors Other taxes and social security Accruals Prepaid income Grant received in advance (see note 10) Bank overdraft Sundry creditors 22,651 29,464 9,851 10,000 17,244 10,319 27,103 26,121 2,591 20,209 21,145 18,075 60,000 144,671 130,102 12. Creditors falling due after one year 2024 2023 Horsham District CourKil Loan 138,232 138,232 160,884 160,884 12-
Henfield Leisure Centre Notes to the Financial Statements for the year ended 31st March 2024 13. Obligatlons under operatlng leases 2024 2023 Future minimum rentals payable under non-cancellable operating leases are: Within one year Within two to flve years 14. Borrowlngs 2024 2023 The total amount of loans and overdrafts was as follows: Horsham Dlstrict Council {1} Finance leases Bonds Bank overdraft11 I I 160,883 190,348 9,851 10,000 160,883 210,199 The balance of the loan is repayable over five years with quarterly repayments of £8,862 (Including Interest). The loan 15 unsecured and the annual interest rate is fixed at the annuity rate for 10-year loans as publlshed by the UK Debt Management Offlce on 28 August 2015. An overdraft facility of £40,000 is available. 15. Post balance sheet event Subsequent to the balance sheet date the trustees received conflrmatlon of the funding required for the construction of two padel tennis courts as follows., Grant from the Horsham District Council Rural England Prosperity Fund (i) Lawn Tennis Association Foundation loan {ii) £75,000 £170,000 As such, the costs incurred at the balance sheet date have been shown as assets under construction per note 7. The grant 15 repayable if the project does not proceed. The loan 15 interest free and is repayable over seven years commencing 31 March 2025. 13-
Henfield Leisure Centre Notes to the Financial Statements for the year ended 31st March 2024 16. Capital commitments The capltal commltments at the date the accounts were approved are: {a) Padel tennis courts The trustees have entered into an agreement with a third party for the construction of two padel tennls courts. The total cost of construction is £263,000 (including unrecoverable VAT). As per note 14 funding for a pproximately 90% of the cost of the project has been secured. The trustees are confident that funding for the remainder will be secured. (b) Safe Space Horsham Dlstrict Council {HDC) has selected the Leisure Centre to be the site for a safe space for school chlldren aged 11 to 16. The objective is to provide a space for children to productively occupy themselves in the after-school period. The project cost of £115,000 15 fully funded by HDC. there is no costs commitment for the Leisure Centre. (c) Solar panels The trustees are conslderlng the instsllatlon of solar panels on the roof of the Leisure Centre. At the report date the discusslons are at a preliminarystage and there is no financial commltment. 17. Trustees, expenses None of the trustees received any remuneration or reimbursement of expenses durlng the year. -14-
Henfield Leisure Centre Schedule to the Statement of Financial Activities for the year ended 31st March 2024 2024 2023 staffing Staff salaries Instructors and coaches Pension contributions Tralnln8 and welfare Recruitment 377,330 2,827 8,855 3,328 146 392,486 327,800 4,625 6,705 2,511 341,641 Premlses I nsurance Heat,118ht & power Water Rates Bulldlng repairs and maintenance Cleanln8 and domestic supplles 14,373 29,406 2,400 3,405 14,187 1,646 65,417 12,865 42,678 33 1,600 12,206 2,836 72,218 Supplles and servlces Sports equlpment purchased Gym equlpment repairs and maintenance Printing, posts8e, stationery and computer Waste disposal Children's club expenses Advertlsln8 Leaslng and hlre charges Licences and subscriptions Professlonal fees Sundry expenses 1,871 7,912 8,786 3,754 918 1,934 4,285 5,713 2,135 1,378 38,686 2,551 453 8,543 4,004 608 2,885 2,116 2,284 2,681 1,716 27,841 Flnanclal servlces Bank charges and Interest 9,471 18,738 Depreclatlon Amortisation of buildings Depreciation of hall floor Depreciation of sports equlpment Depreciation of fixtures and fittings Depreciation of office equipment Depreciatlon of soft play equipment 17,254 4,702 13,406 11,011 349 18,162 5,225 11,437 10,828 279 46,722 45,931 15-