Charity No. 1159054 Report of the Trustees and Financial Statements for the year ended 31st March 2025 for Henfield Leisure Centre
Henf ield Leisure Centre Contents of the Financial Statements for the year ended 31st March 2025 Page Charity information Trustees, report Independent Examinerfs report Statement of financial activities Statem ent of financial position Statement of cash flows Notes to the accounts 8-12 Schedule to the statement of financial activities 13
Henf ield Leisure Centre Charity Information for the year ended 31st March 2025 Chairman and trustee A Hillman Treasurer and trustee S Vickers Secretary and trustee E Holder Management Committee are/were also trustees) A Hillman E Holder S Vickers G Pettifer S Grant appointed 18 September 2024 C Thorns resigned 24 April 2024 R Mohamed.. died 22 April 2024 S Thompson Charity Offices The King's Field Henfield Wert Sussex BN5 9QB Independent Examlner Parkers Cornelius House 1781180 Church Road Hove East Sussex BN3 2DJ Bankers Barclays Bank plc 90-92 High Street Crawley West Sussex RHIO IBP
Henfield Leisure Centre Trustee5' Report for the year ended 31st March 2025 The trustees present their report and the financial statements for the year ended 31st March 2025 and confirm they comply with the requirements of the Charities Act 2011 and the Charities SORP (FRS 102}. Trustees The trustees and management committee named on page I have served throughout the vear except for S Grant who was appointed on 18 September 2024, C Thorns who resigned on 24 April 2024 and R Mohammed who died on 22 April 2024. Appointment of the trustees is governed by the Constitution of the charity. Investment powers The Constitution authorises the management committee to make and hold investments Using the general funds of the charity, but no such investments are currently held. Constltution, objects and pollcies The Charitable Trust is constituted by Trust Deed, and its objects are to provide or to assist i n the provision of facillties for physica I recreation of all ki nds for residents of He nfield and the surrounding area. The management of the affairs of the association is directed by the Management Committee in accordance with the terms of the Constitution of the Associatlon. Development, artivitles and achievements In respect of the year covered by the financial statements, the management committee consider that the performance of the charity has been satisfactory. The charity ha5 been able to meet its ongoing objective of providing recreational facil ities to the local com munity. A specific achievement this year was the completion of the construction of two covered padel courts. The trustees consider this facility 15 an important asset for the community that will provide significant additiona I revenue for the leisure centre. As part of this project 3 ra inwater harvesting systern was instal led. Financial review The charity has made a profit/lloss} for the year of £27,76212024- £29,766). Charity Governance Code The Trustees seek to apply the principles of the Charity Governance Code as they relate to the operations 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 does not jeopardise the provisi on of the core activities.
Henfield Leisure Centre Trustees, Report for the year ended 31st March 2025 Reserves politv Reserves are needed to bridge the gap between spending and receiving income and to cover unp13nned emergency repairs and other expenditure. The trustee5 consider the ideal level of reserves at 31 March 2025 is £lOO,000. Risk management policy The trustees annual ly review the risks a nd uncertainties that the charity faces and have esta bl ished policies, systems and procedures to m itigate those risks. Public benefit statement The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission on public benefit when reviewing the charitls main aims and objectives in planning future activities. Statemenl of trustees. responsibility The trustees are responsible for preparing the Trustees, Annual Report and the financlal statements in accordance with applicable law and United Kingdom and Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. The law applicable to charities i n England requires the trustees to prepare fina ncia statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the ch3rity for that period. In preparing these fi na ncial statements, the trustees a re requi red to: select suitable accounting policies a nd apply them consistently observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will conti nue in business. The trustees are responsible for maintaining proper accounting records which disclose with reasonBble 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 3 né detection of fraud a nd other irregularities. Approval Thi5 report was approved by the management committee on 20 May 2025 and signed on their behalf by: A Hillman Chairman and Trustee E Holder Secreta ry and Trustee
Independent Examinerfs Report to the Trustee5 of Henfield Leisure Centre I report to the trustees on my examination of the financial statements of Henfield Leisure Centre I'the charitfl for the year ended 31st March 2025 which comprise the Statement of Financial Activitie5, the Balance Sheet, the Statement of Cash Flows and related note5, This report Is made solely to the charity's trustees, a5 3 body, in accordance with settion 145 of the Charities Art 2011. My work has been undertaken so that I might state to the charit¢s trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent perrnitted by law, I do not accept or assume responsibility to anyone other than the charity and the charitV5 trustees as a body, for mv work, forthis report, orfor the opinions I have formed. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {'the ACVI. I report in respect of my examlnatlon of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Direction5 given by the Charity Commission under Section 14515)Ib} of the Act. A'n independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor conslders in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examwnation can provide. Consequently, l express no opinion as to whether the financial statements present a 'true and falr, view and my report is limited to those specific matters set out In the independent examinerfs statement. Independent examinews statement Since the trusvs gross income exceeded £250,000 your examiner 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 examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accountin8 records were not kept in respect of the charity as required by section 130 of the Act,. or the financial statements do not accord with those records; or the financial statements do not comply with the applicable requlrement5 concernin8 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 which is not a matter considered as part of an independent examination. I have no concern5 and have come across no other matters in connection with the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be ached. Annette Watson FCA Parkers, Cornelius House, 1781180 Church Road, Hove, East Sussex, BN3 2DJ 30th June 2025
Henfield Leisure Centre Statement of Financial Activities for the year ended 31st March 2025 Restrlrted funds Unrestricted funds Notes 2025 2024 2025 2024 Income from: Fitness, clubs, groups Children's clubs Soft play area admission fees Soft play a rea catering Padel tennis Hire and sale of equipment Donations a nd f undraisi ng Grants Sponsorship Other income Total income 309.479 77,670 187,641 140,874 3,616 144 2,713 276,578 59,134 191,730 124,332 11,248 135,000 16,282 4,846 950 1,875 724,962 1,910 199 658,729 146,248 16,282 Expenditure on: Direct charitable expenditure Management & administration Net resources for the year Amortisation of grants & donations 693,887 3,313 697,200 27,762 26,587 54,349 124,631 178,980 626,002 2,961 628,963 29,766 16,124 45,890 78,741 124,631 146,248 16,282 {26,5871 116,1241 119,661 158 158,070 157,912 277,731 158,070 Funds brought forward Funds carried forward All of the amounts above related to continuing activities. There were no recogni5ed gains or losse5 for 2025 or 2024 other than those included above.
Henfield Leisure Centre Statement of Financial Position at 31st March 2025 Notes 2025 2024 Fixed Assets Ta ngible f ixed a55ets 838,629 488,675 Current Assets Stock Debtors Cash at bank and in hand 1,520 1,640 65,797 68,957 1,254 2,535 73,140 76,929 Current Llabilitles Creditor5: a mounts f3 Ill ng due within one year 10 140,385 144,671 Net current Ilia bilities)lassets (71,428} 767,201 167,742} 420,933 Creditors.. amounts fall ing due after one year Net Assets li 310,490 456.711 138,232 282,701 Funds Unrestricted funds 178,980 124,631 Restricted funds 277,731 158 070 Approved by the trustees on 20 May 2025 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 2025 Statement of cash flows 2025 2024 Cash flow from operating activities: Net cash provided by/{used in) operating activities 40,060 116,886 Cash flows from investing activities: Purchase of property, plant and equipment Net cash provided by/(used inl investing activities 1406,7501 (53,1081 (406,7501 (53,108) Cash flows from financlng activitles: Cash inflows from new borrowing Cash oufflows to repay borrowing Grants and donations received Net cash provided by/{used inl financing activities 243,412 130,3131 (49,3161 146,248 16,282 359,347 133,0341 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year (7,3431 73,140 65,797 30,744 42,396 73,140 Reconciliation of net Income (expenditure) to net cash flow from operating actlvlties 2025 2024 Net Income/{expendlture) per the statement of financial activitles 27,762 29,766 Adjustments for depreclation charges (Increase)/decrease i n stocks (IncreaseJ/decrea5e i n debtors Increase/{decrea5el i n creditors Net cash (used inl/ provided by operating activities 56,796 (266) 895 145,1271 40,060 46,722 171 11,006) 41,233 116,886 Analysis of cash and cash equivalents Cash in hand Bank surplus/loverdraftl 420 65,377 65.797 420 72,720 73,140
Henfield Leisure Centre Notes to the Financial Statements for the year ended 31st March 2025 Accounting policies 1.1 Basis of accounting The accounts have been prepared in accordance with Accounting and R&porting by Cha ritie5: Statement of Recom mended Practice a pplica ble to charities prepa ring thei r accounts in accorda nce with Fi nancia l Reporti ng Standards a ppl icable in the UK and Republic of Irela nd IFRS 1021 (effective l January 20151 {Charities SORP I FRS10211. 1.2 Income Voluntary Income and donations are accounted for as received by the charity. The income from fundraising is shown gross with the associated costs included in fundraising costs, No permanent endowments have been received in the period but these are dealt with through the Statement of Financial Activities when received. Investment income plus 3SSOClated tax recoverable is credited to income on an accrua Is basis, usi ng a daily accrual for interest. 1.3 Fund accountlng U nrestricted funds a re available to spend on a ctivities that further a ny of the purposes of the Charity- Restricted funds are donations or grants which the donor has specified are to be used sol ely for pa rticula r areas of the Charity's work or for specific projects being undertaken by the Charity. 1.4 Expenditure on management and administration Admlnistration expenditure incl udes all expenditure not directly related to the charitable activity or fundraising ventures. This incl udes the cost of running office premises, staff salaries for administrative staff and examination fees. 1.5 Tangible fixed assets and depreciation Ta ngi ble fixed a55ets are stated at Cost less depreciation. Depreciation is provided at rates ca Iculated to write off the cost of fixed assets, less their esti mated residual val ues, over thei r expected usef ul lives on the fol lowing basis.. Buildings Hall floor Fixtures a nd f itting5 Sports and other equipment Office equipment Padel courts Soft play equipment 5% pa reducing balance IOYO P3 reducing balance 20% pa reducing balance 20% pa reducing balance 20% pa reducing balance IOCAS pa reducing balance evenly over five years 1.6 Assets under construction The costs of assets under construction are recognised as an 355et when.. lal It is probable that the future economic benefits that are associated with such asset will be obtained,. Ibl The acquisition cost of such asset can be measured reliably,. and {cl Such assets a re still in the construction process. Depreciation is not charged on the costs of assets under constructlon.
Henfield Leisure Centre Notes to the Financlal Statement5 for the year ended 31st March 2025 1.7 Stock Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stock. 1.8 Leases Assets obta i ned under finance leases are ca pita li5ed as tangible f ixed assets. Depreciation is charged over the estimated usef ul life of the asset. Fi na nce leases are those where substanti al ly all of the benefits and risks of ownership a re assumed by the charity. Obligations under such lease5 a re included in creditors net of the fi nance charge allocated to future periods. The finance element of each payment is charged to the Statement of Financia l Activities 50 as to produce a constant periodic rate on the net obligation outstanding in each period, Rentals applicable to operating leases where substa ntially all of the benefits a nd risks of ownership remain with the lessor are reflected in the Statement of Financial Activities. Grants 2025 2024 Restricted: Horsha m District Council Southern Water 75,000 60,000 135,000 Dlrect charitable expenditure 2025 2024 Staffi ng costs Bar and catering Premises Supplies and services Fina ncial services Depreciation 431,652 67,060 82,372 45,084 10,923 56,796 693,887 392,486 71,744 65,417 38,686 10,947 46,722 626,002 Management and administration 2025 2024 Independent examination fee Telephone and internet 750 2,563 3,313 750 2,211
Henfield Leisure Centre Notes to the Financial Statements for the year ended 31st March 2025 Employèe numbers 2025 2024 The average number of stsff employed during the year.. 17 16 Tangible fixed asset5 Dtfleè equlpment Fixtur•s & flttlns5 5pOT15 & oth¢r equtpmont Soft pl equpent Assets under ¢gnstruct bulldln8 Hall Floor lel ¢ourt$ Totat Cost Ai 1st April 2024 ReCIsificatIoTh Adéirlons Disposa15 At 31st March 2025 442,340 64.506 3.356 133,874 139.849 70,500 19.453 lJ9,4531 B73,878 19,453 334.710 49,934 15.ODOI 178,BOB 22,106 406.750 15,0001 1,275,628 442,340 64.506 3,356 161,9S5 70.500 35rt,163 Depreclatltsn At 1st April 2024 CharBE for the year OD disp05a15 At 31st Marih 2025 114.507 16,392 22,184 4,232 1,959 279 89,828 17.796 Is.Dooi 102,624 86,226 15,146 70,499 385,203 56,796 (5.0001 436,999 2,951 130.899 26,416 2,238 101,372 70,499 2,951 Net book valu¢ At 31st March 2025 311,441 38,090 1,118 76.184 60,583 351,212 838,629 At 31si March 2024 327.833 42,322 1,397 44,046 53.623 19,4S3 488,675 Al I fixed assets a re used for charita ble purposes. The depreciation charge on the padel courts for the year has been calculated on a pro-rata basis since the court opened on 3 March 2025. Stock 2025 2024 Catering goods 1,520 1,520 1,254 1,254 Debtors 2025 2024 Due within one year: Trade debtors Prepayments and accrued Income 1,640 320 2,215 2,535 io-
Henfield Leisure Centre Notes to the Financial Statements for the year ended 31st March 2025 Cash at bank and in hand 2025 2024 Cash Operational Funds received in advance 420 65,377 420 12,720 60,000 73,140 65,797 10. Creditors falling due wlthin one year 2025 2024 Horsham District Council loan Charities Aid Foundation loan Lawn Tennis Association loan Trade creditors Other taxes and social security Accruals Prepald income Grant received in advance Bank overdraft Sundry creditors 31,218 16,341 15.933 17,450 18,597 14,692 26,154 22,651 2,591 20,209 21,145 18,075 60,0(M) 140,385 144,671 11. Creditors falling due after one year 2025 2024 Horsha m Distrlct Council loan Cha rities Ald Foundation loa n Lawn Tennis Association loan 99,352 83,659 127,479 310,490 138,232 138,232 12. Obligations under operating leases 2025 2024 Future minimum rentals payable under non-cancel la ble operating leases are: Within one year Within two to five years li
Henfield Leisure Centre Notes to the Financial Statements for the year ended 31st March 2025 13. Borrowings 2025 2024 The total amount of loans and overdrafts wa5 as follows". Horsha m District Council lil Lawn Tennis Association (ill Cha ritie5 Aid Foundation (iii} Bank overdraft (iv) 130,570 143,412 loo,000 160,883 373,982 160,883 (il The balance of the loan is repayable over five years with quarterly repayments of £8,862 li ncludi ng i nterest). The loan Is unsecured and the annual interest rate is fixed at the annuity rate for 10-year loans a5 published by the UK Debt Management Office on 28 August 2015. lill The loan was provided to support the construction of bmo covered padel courts. The loan 15 interest free and is secured on the lease of the land on which the courts are built. The loan is repayable by quarterly instalments over five years commencing September 2025. liiil The loan was provided to support the construction of two covered padel courts. The loan 15 unsecured and the annual interest rate is 5.5%. The loan is repayable by monthly instalments of £1,910 over five years commencing May 2025. liv) An overdraft facility of £40,000 is avai labl e. 14. Capital commltments There were no capitsl commitments at the date the accounts were approved. 15. Trustees. expense5 None of the trustees received any remuneration or reimbursement of expenses during the year. 12-
Henfield Leisure Centre Schedule to the Statement of Financial Activities for the year ended 315t March 2025 2025 2024 Staffing Staff sa larie5 Instructors and coaches Pension contributions Training and welfare Recruitment 414,623 3,720 10,118 3,056 135 377,330 2,827 8,855 3,328 146 392,486 431,652 Premises I nsura nce Heat, light & power Water Rates Building repairs and maintenance Cleaning and domestic supplies 14,373 29,406 35,488 4,290 3,405 14, 187 23,482 532 82.372 65,417 Supplies and servlce5 Sports equipment purchased Gym equipment repairs and maintenance Printing, postage, stationery and computer Waste disposal Children's club expenses Advertisi ng Leasing and hire charges Accounta ncy system Licence5 and subscriptions Profe55ional fee5 Sundry expenses 5,135 9,232 2.102 6,140 L018 5,530 4.103 6,038 1,871 7,912 4.161 3,754 918 L934 4,285 5,625 4,713 2, 120 45,084 1,378 38.686 Flnanclal servlces Bank charges and Interest 10,923 10.947 Depreclation Amortisation of bulldlng5 Depreciation of hall floor Depreciation of sports equipment Depreciation of fixtures a nd f ittings Depreciation of office equipment Depreciation of padel courts 16,392 4,232 15,146 17,796 279 1951 56.796 17,254 4,702 ii,oii 349 46.722 13-