Charity number¥: 1160374 & 8C048193 COMMUNITY LEISURE SERVICES PARTNERSHIP TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
COMMUNITY LEISURE SERVICES PARTNERSHIP CONTENTS Page Roferonce and admlnlstratlv? dota118 of th• Charfty, Its Trust8 and advl80rn Trust••8' report Ind•p•nd•nt audltorn. report on tho flnanclal 8tat•m•nt8 7-10 8tat•mont of flnanclal actlvltle8 11 BalanGe 8he•t 12 Statomont of cash flow• 13 Not08 to th• flnanclal statornont• 14-26
COMMUNITY LEISURE SERVICES PARTNERSHIP REFERENCE AND AOMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADV18ER8 FOR THE YEAR ENDED 31 MARCH 2024 Trustoos J Beavls T Richardson H Braband Charlty r•glster•d nurnbern 1160374 and SC048193 Prlnclpal offlco 43 Stlckle Down Deepcut Camb8rley GU166GB Ind•pendont audltors Shaw Glbbs (Audit) Limlted Wey Court West Union Road Farnham Surrey GU9 7PT Page 1
COMMUNITY LEISURE SERVICES PARTNERSHIP TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustee8 present their report and financial statements for the year ended 31 March 2024 The accounts have been prepared in accordance with the accounting policies set out In note 1 to the accounts and comply wilh the charitys governing document, the Charities Act 2011 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charrties preparing thelr axounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). Objoctlves and actlvltlvd a. PollGlo$ and obJ•GIIvo• The charity's objects are.. To provide or a88lSt in the provision of facilitie8 and 8ervic¢8 for the publ1¢ benefrt for recreational. sporting or other leisure time occupation in the interests of Social welfare, health improvement, community development andloi To promote ¢ommunity participalion in healthy activity andlor To advance the education of the public in the benefit Of healthy lifestyle$ andlor To advance the art8. culture and heritage andlor Such other charitable purposes beneficial to the community consistent with the objects above as the trustees shall in their absolute discretion determine. The trustees have paid due regard to guKlanc8 i88ued by tho Charty Commi88ion in the area of publ1¢ benefrt. b. Ov•rvl•w The impact of increased ¢ompetilion and high energy costs at Chandlers Ford led to the Board making the difficult decision to close the club in May 2023. In addltlon, our Landlords for the Croydon club, Solutions. gave notice that they would, be ending the lea88 for Solutions in June 2023 to enable them to devel¢p the site. Losses for the88 Clubs, including Iheir closure c08ts, impacted the 202312024 financial result. We conlinued to deliver hlghquality 8ervice8 at our health clubs in Crosby, Redditch, Scarborough, Ayle8bury, Cupar and 8ridlington, Page 2
COMMUNITY LEISURE SERVICES PARTNERSHIP TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevem8nls and performanc• a. Flnanclal r•vlow The Charrty continued to operate health club8 in Crosby, Redditch, Scarborough, Aylesbury, Cupar and Bridlington, with Ihe Chandlers Ford and Croydon clubs closing. The impact of increased ¢ompetiiion and high energy costs at Chandlers Ford led to tha Board making the difficult decision to close the club in May 2023. In addition. our Landlords for the Croydon club, Solutions. gave notice that they would, b8 ending the18a8e for Solution8 in June 2023 to enable them to develop the 8lt8. Th8 Board, after looking for alternative premises in the area, decided that to embark on a costly lease and refufbishment was not a prudent move al this time. L088es for these clubs, includlng thelr closure costs. Impacted the 202312024 financial resufts. 2023r2024 has bean a challenglng year but desplte tha trading106888 at tha closed clubs couplad with the cost- of4iving cri8is and in particular 8vJnificantly higher energy c¢sts the Tru8tee8 are pba8ed with a surplus in the year of £49,127. Income and expenditure are c108ely monitored monthly by the Board and the Trustees will continue to carefully monitor the financial position and are very plèased to report a much higher 8urplu8 is being forecast for the following year with cash flow improving as a result. The trustees have aslablished that tho charty Should have sufficient cash to cover its C08ls and meet its obllgatlon8. The company's current policy conceming the paymont ol trade creditors i¥ to settle the temi8 of payment with suppliers when agreeing on the terms of each transaction, ensure that 8uppli8rs are made aware of the terms of payment by including tha relevant torms in contracts., and pay in acrdanCe wlth the Company's Contractual and other legal obligations. The calculation for cash available lor operations is an integral part of the charivs planning, budget and forecast cycle and considef8 the risk8 associated with each stream of incomo and expenditure. and the charily forecasts each month based on achieved actuals. Our blggast suppller agraed not to call for Immedlato payment of monies *ywed durlng lh8 year and as a result. the charity had sufficient Gash at the year-end. The truste88 hav8 ass8ssed the risks to which the charity is exposed and are sat18fi8d that 8ysl8m3 ar8 in place to mitigate the economic challenges. At the yearfs end. the charity had no restricted or unrestricted reserves and a deficit of £265,471, a reduction on our year end 2023 posltion. No preference dividends were paid. The directors do not recommend payment of a final dividend. b. Pay and r•muneratlon of Staff The pay and remuneration of all staff are based on pay rates in similar charities and leisure operations by size and operation and are reviewed annually. Communty Lgisure Servi¢es Partnership's pay and remuneration are not linked to any national bodvs pay Structure. Page 3
COMMUNITY LEISURE SERVICES PARTNERSHIP TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 a. Rlsk management The trustees actively review the major risks which the charity faces and believe that maintaining the free r88etve8 Stated above, combined with the annual r8view of the conlrols over key financial systems carried out on an annual basls will provide sufficient resources in the evgnt of adverse conditions, The trustees hav8 also examined other operational and business risks which they fac8 8.g.: reduction In user numbers, from whom the charty derives il8 principal Source of income, staff costs. energy CD8t3, lease costs and competition and confirm Ihat they have established systems to mitigate the significant risk8. Structur•, governance and managem¢nt a. Stru¢tur•, gov•manc• and manag•m•nt The charty is a Charitable IncOOrated Organisation (CIO). The charity l• govemed by a Gonstitution with the charity trustees 88 the only voting members. If the CIO is wound up, the members of the CIO have no liabilty to contribule lo it8 a8Bet8 and no personal re8pon8ibilty for 8ettling rt8 debts and liabilities. The trustees who 88rrfed during Ihe year and up to the date of Signaturg of the financial 8tatemenls were.. J Beavis T Richardson H Brab8nd In seleciing individual trustee8 for appointment, the charity trustee8 Must have regard for the skills, kn(hyledge and experience needed for the 8ffe¢tive administration of the CIO. Recruitment and appointment of new trustees Recruitment of trustee8 18 through a comblnation of.. Direcl approach to suitably qualifiad individuals known to the existing tNstee8; Advertising for applioants through the media and other ¢utlets,' and Using board 'banks'. etc. maintained by support bodies. The b¢8rd of trusteesldirectors has e8labli8hed procedure8 for recNlting and appointing tru$tee81directors, including identification of potential candidates. informal vlsits or discussions, formal application and Inteprfiew, con8ideration by the full board of trustedIrectOrs. and finally election by a majority of vote8. The induction of a new trustee would include an overview of operations, finance, health and safely, and safeguarding and then additional training is provided during a trustee's tenure. Trustees are also sent the Charity Commission and Office of Scottish Charrti88 newsletters to k88P them abreast of current matters and requirements relating to a charity and their role as a trustee. Communty Leisure SeNice8 Partnership is commilted to safeguarding and promoting the walfare of our health dub users and staff, Our Safe Recruitment Policy is an important part of such safeguarding with the assessment and selection of all people within the charity. DBS checks at an appropriate level will be undertaken, where required. before anyone takes up an employed or volunteer role within the charity. Th& charitys Company Secretary, Clare Kennedy, ovorsges the duties and day-to4ay management of the charit8 work. Ms. Kennedy is responsible for the charit*s banking and contractual relationships, reports to the trustees regularly and coordinates the trustee meetings. Page 4
COMMUNITY LEISURE SERVICES PARTNERSHIP TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Future plan8 Th8 charty aims to continue to provide health and walkbeing seNices to the communities around its clubs and meet our ¢harlty objectives. During the budget cycle, refurbishment and replacement of equipment are con8id8red and costed to enable an informed decision to be taken by the Board on any development at the clubs, The cost will be met with cashflow d the charity can now access leasing. Any potential new pr¢grammes offered by any club are also subject to the same financial and operational scrutiny and reviewed to ensure rt is viable and add benefit to our us8r8. Ary potenlial new club opportunty 18 8crutinized both financially and operationally to ensure it fits with our values abilty to deliver our service. Any club experiencing signifKant incom6 redudion is monitored very c108ely and, wher8 necessary, plans to boost user numbers andlor r8duc8 COSt8 are impfemented. A time frame is identif*d to see if the decline in income can be 8topped but, where this is not p¢$sible, a ¢losure plan will be costed,, staff consulted and eventually implemented; a8 has occurred at Chandlers Ford. Statement of Tru•toM' r•8pon•lbllltl•8 The Tru8tees are r88ponsible for preparing the Trustees, report and the financial $tat8ment8 in accordance with applicable law and United Klngdom Accountlng Standards (United Klngdom Generally A¢cepted Accounting Practice). The law applicable to charltles In England & Wales and Scolland requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming r8source8 and application of r88ourc88. including it8 income and expenditure, for that period. In preparing these financial statements, Ihe Trustees are required to.. select suitable accountlng policies and then apply them consistently: observe the methods and principles of th8 Chariti08 SORP (FRS 1021; make judgments and accounting estimales that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed. 8ubject to any material departures disclosed and explained in the financial stalements,. prepare the financial $tstements on the going concem basis unless it is inappropriata to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accountlng records Ihat are sufficient lo show and explain the Charitys transactions and disclose with reasonable accuracy at any time the firnCIal position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulation5 2008, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotlandl Regulatlons 2006 (as amended) and the provisions of thg Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Pag8 S
COMIWNITYLEISURE 8ERVICE8 PARTNERSHIP TRUSTEES. REPORT (COIITINU&)) FOR THE YEAR ENDED31 AI4RCH 2024 DISCI10 of Infommtlon to audltorn Each of the persons who are Tru8te8s at the Ilme Wh th18 Trust, report Is approved ha8 conllmied thaL' so far a8 that Truste61s awarè, bkn18 no relevant alt Informotlon olvthlch the chaiity's Jditor8 afe un&vare, and that Truste8 has laken all thè steps that owht to have been taken as a Trust•e In ordar to be aware of any relevant audlt Infomtion and to establlsh Ihat the chaiitys audltors are aware ol that Infommtion. Approved by ord8rof the merr*er8 of the board of Tru8tee8 and sIgrd on thelr behaff by., T RICha80Th Page 6
COMMUNITY LEISURE SERVICES PARTNERSHIP INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF COMMUNITY LEISURE SERVICES PARTNERSHIP Oplnlon We hwie audited the financial statements of Communlty Leisure Services Partnership (the 'charity) for the year ended 31 March 2024 which comprise the Statoment of finan¢ial activiti'es, the Balance sheet, the Statement of cash flows and the related notes. including a summary of significant accounting policies. The financial reporting fram&woTk that has been applied in their preparation 18 applicable law and United Kingdom Accounting standards, Including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). The financial staiements have been prepared in accordance with Accounting and Reporting by Charlties preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) In preference to the Attounting and Reporting by Charities,. Statement of Rocommended Practice i88ued on 1 April 2005 which is referred to in the extant regulations bul has been withdrawn. This h89 been done In order for the a¢Unts to provide a true and lair view in accordance with the Generally Ap1ad Accounting Practica afftIve for reporting periods beglnning on or after 1 January 2015. In our oplnlon the financial slatoThnts: give a tNe and fair view of the State of the charitrfs affairs a8 at 31 March 2024 and of its incoming resources and application of resources for the year then ended., have bean properly preparad in accordance with United Kingdom Generally Accepted Accounting Practica; and have been prepared in accordance with the requlrements of the Charitles Act 2011, the Charities and Tru8tae Investment (Scotland) Act 2005 and regulation 8 of the Chariliag A¢unt$ (Scotland) Regulation8 2006. Basls for oplnlon We conducted our audit in accordance with Intefnational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibllities under those standards are further described In the Audltors, responslbilities for th8 audit of the financial statements seCtn of our report. W6 are independent of the charity in accordance with the ethical requlrements that are relevant to our audit of the financial statements in the United Kingdom, includin9 the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with the88 requirements. We belve that the audil evid¢nce we have obtained Is sufficient and appropriate to provide a basi8 for our opinion. Concluglong rolatlng to golng conc•m In auditing the financial statements, we have Concluded thal the TNslee$' use of the going Mncem basis of accounlin9 in the preparation of the financial statemenls is appropriale. Based on the work we have performed, we have not identified any material uncertainties ffjlating to events or condrtions that, individually or collectivety, may cast significant doubt on the chanty's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authoriged for issue. Our responsibilities and the responsibilitie8 of the Truste8S With resp8Ct to going concem are described in the relevant se¢tions of this report. Page 7
COMMUNrrY LEISURE SERVICES PARTNERSHIP INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF COMMUNITY LEISURE SERVICES PARTNERSHIP (CONTINUED) Othor Infomiatlon The other inf¢miation c¢mpris¢s Ihe information included in the Annual report other than the financial Statements and our Auditors. report thereon. The Trustees are responslble for the other information contained wilhin the Annual r8POrt. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitty stated in our report, we do not express any form of assurance conclusion thereon. Our responslbility is lo read the other infomation and. In doing so, consider whether Ihe other information is materially incon8ist8nl with the financial statements or our knowledg8 obtained in the course of the audit. or otherwise appears to b? materially misstated, If we id¢ntify Such material inconsistencies or apparent material misstat8ments. w& are required to determine whether this gives rise to a material misstatement in the finanoial statements themselv88. If, ba88d on the work w8 have performed. we conclude that there 18 8 material mis$tat?ment of this other information, we are required to report that fact. We have nothing to report in this regard. Matter4 on whlGh we are requlred to r•port by oxc•ptlon We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 and the Charltles Accounts (Scotland) Regulations 2006 (85 amended) requires us to report to you if, in our opinion.. tho infomiation given in the Tru$tees' report is inconsistent in any material respect with the financial otat8rnents', cr sufficient and proper accounb'ng records have not been kept., or the financial stalements are not in agreement with tha accounting records and retum8; or we have not received all the infomiation and explanations we requir8 for our audit. Responslbllltlo8 of tru$tso8 AS explalned more fully in the TrusteeB' responsibilities statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees detemiine 18 necessary lo enable Ihe preparation of financial slatements Ih8t are free from material ml$stateff*nt, whether due to fraud or error. In preparing the financial 8tatement8, the Trustees are responsible for assessing the charitys abilty to continue as a going concern, disclosing. as applicable, matters related to going concern and using the going concem basis of accounling unless the Trustees oither intend to liquidate the charity or lo cease operatk)ns, or have no reali8tic altemative but to do so. Page 8
COMMUNITY LEISURE SERVICES PARTNERSHIP INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF COMMUNITY LEISURE SERVICES PARTNERSHIP (CONTINUED) Audltorn, re8ponslbllltle8 for th• audlt of tha financlal 8tat•ments We have been appointed as auditor under sectlon 144 01 the Charities Act 2011 and section 44(1)(cl of the Charitie8 and Trust88 Investment (Scotland) Act 20Q5 and report in accordance with the Acl and relevant regulation8 made or having effect thereunder. Our objecliv88 are to obtain reasonable assurance about whether the financial statement8 as a whole are free from material misstatement, whether due to fraud or error, and to i8sue an Auditors, report that includes our opinion. Reasonable assurance is a high level of assurance, butls n¢t a guarantee that an audit conducted in accordance with ISA5 (UK) will atway8 d8tect a material miBsiatement when it exists. Misstatement8 can ari8e from fraud or error and are consldered material if, individually or in the aggregate. they could reasonably be expected to influence the economic deci8ion8 of users taken on the basis of these financial statements. Irregularities, in¢luding fraud, are instsnce8 of non-compliance with law8 and regulations. We deslgn procedure8 in line with our responsibilities, outlined above. to detect material misstatements in respect of Irregularities, including fraud. The extent to which our procedures are capable of detectlng Irregulariti88, Includlng fraud 1$ detailed below.. We gained an understanding of the legal and regulatory framework applicable to the charty and the industry in which il op6rate8, and considered the risk ¢f acts by the chaity that were contrary to applicable laws and regulations, including fraud. We designed audit proceduras to respond to the rfsk. recognising that the ri8k of not detecting a material mi8Btalem8nt due to fraud 18 higher than the risk of not detecting one resulting from error, as fraud may involvo dollberale concealment by, for exampl8, ft>rgery or intentional misrepresentations, or through coIIu8ion. We focussed on law8 and regulation8 which could give ri88 to a material mits$tatement in the finanGial statements, including. but not limited to. the Charities Act 2011. Our te8t8 included agreeing tho financial statement disdo$ure$ lo underlying supporting documentation, enquiries with management and reviewing legal invoic89. There are inherent limitations in the audit procedure8 described above and, the further removed non-compliance with 18WS 8nd re9ulations is from the events and transactions r8flectad in the financial stalements, the1¢ss likely we would become aware of it. We did not id?ntify any key audit matters relating to irregularities. including fraud. AS in all our audits, we also addressed tho risk of management overrrfle of Internal contr¢l$, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. A furthar d8rIptIon ¢f our responsibilitie5 for the audit of the financial statements 1$ located on the Financial Reporting Council's website at.. wwmf orsres onsibilities. Thi8 d88CriPtion forms part of our Auditors, report. Use of our report This r8POrt is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charitie8 (Accounts and Reports) Regulations 2008 and regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so thal we mlght stste to the charity's trustees those matters we are required to state to them in an Auditors, report and ft)r no other purpose. To the fvllest extent pemiitted by law, YR do not accept or assume responsibilty to anyone other than the charity and its trustees, as a body, for our audit work. for this report, or for the oplnlons we have formed. Page 9
COMMUNITY LEISURE SERVICES PARTNERSHIP INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF COMMUNITY LEISURE SERVICES PARTNERSHIP (CONTINUED Shaw Glbbs (Auditl Limited Wey Court West Union Road Farnham Surrey GU9 7PT Dale.. 31112 )2L) Shaw Gibbs (Audit) Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 10
COMMUNITY LEISURE SERVICES PARTNERSHIP STATEPIIENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrnstrlcted funds 2024 Total funds 2024 Total funds 2023 Note Income froffl: Charitable activities Other trading activities Other income 1,957,078 29,704 18,770 1,957,078 29,704 18,770 2.480, 523 32, 400 3, 880 Total Incom• 2,008,662 2,006,662 2,516,803 Expendlture on: Rai8ing funds Charitable activitie8 40,180 1,916,245 40,180 1,916,246 44, 820 2,609, 634 Total ?xp•ndlture 1,956,426 1,966,426 2,654, 454 Not movement In fund8 49,127 49,127 (137,651) ReconGlllatlon of fund•: Total funds brought forward Net movement in funds 1314,6981 49,127 1314,598) 49,127 (176,947) (137,651) Total funds carrled forward (265,471) 1266,471) (314. 598) The Statement of financial activities include8 all gain8 and1088e8 recogni88d in the year. The notes on pages 14 to 26 fomi part of these financial statements. Page 11
COIAIUNITYLEISURE SERVICES PARThER8HIP 8ALANCE SHEET ASAT31 MARCH 2024 2024 2023 Flx•d a•• Tanglble a8setg 13 230 Curr•nt aM•ts 14 181,974 51,814 Cash al bank and In hand 38A25 181339 233,788 Creditors.. arnounts falllng due wthln one 15 1384116 (513.231) N•t curr•nt IIAbllltl•• (233,678) (279,443) Tot•1 a•8•t• IM• eurr•ftt Il•bHttI (234076) R79,213J Credltors: amounts lallkng duo after moro than one year 18 (31,89• (3&385) Net Ilablllll•8 •XGludkng p•nthn a•••t 1265h71) 1314,598) Total n•t a•••ts (28SA71) (314,598) Chormy fund• Restricted funds Unre8trfcted fvnds 17 17 1286rt711 (314,598J Total fund• (266A71 (314.598) The ffinandal slatements were apwed and authorfsed for188ue by the Tru81oes and stgned on thelr behaff by: T Rl¢hard8on• The notes on p8ge8 14 lo 26 form part ofthe89 financial statsThnts. Page 12
COMMUNITY LEISURE SERVICES PARTNERSHIP STATEMENT OF CA8H FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash IIow8 from op•ratlng actlvlt1•8 Net ca8h used in operating aclivities 110,084) (61, 549) Cash 110 from Inve¥tlng actfvltle• Net cash provldad by Invostlng a¢tlvltles Cagh flowg from flnanclng actlvltleg Cash {ab80rbed byvgenerated from operations {3,405) (6.491) Net Cash used In flnan¢lng a¢tlvltl (3,403) (8.491) Chang• In cash and cash oqulvalonts In tho y••r Ca8h and Ga8h equivalents at the beginning of the year 113,489) 51,814 {68,040) 119,854 Cuh and cash •qulvalent$ at th• •nd of th• y•ar 38,325 51,814 The notes on pages 14 to 26 form part of these financial Statement8 Page 13
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General Inlormatlon Communty Leisure SaNicas Partnership is a charitable incorporated organlsation registered with the Charity Commission for England and Wales and the Scottish Charity Regulator. The registered office 18 43 stl¢kle Down, Deepcut, Camberley, GU16 6GB. Accountlng pollcles 2.1 Bas18 of preparatlon of flnanclal stat•m•nt• The financial slatem8ntg have b8en prepared in accordance with Ihe Charitles SORP (FRS 102) Accounting and Reporting by Charities: Statemenl of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Slandard applicablè in the UK and Republic of Ireland (FRS 102) (effeclive 1 January 2019). the Fin8ncial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charlties Act 2011, the Chariti88 and Trustee Inveslment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 {a8 amended), The financial statements have been prepared to glve a Irue and fairf view and have departed from the CharitieB (Account8 and Reports) Regulattons 2008 only to the extent required to provide a 'true and fair, view. This departure ha8 involved following the Charities SORP (FRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn, Community Leisure SeNices Partnership meets the definition of a public benefrt entity under FRS 102. Assets and liabllrties are initialty recogni6ed at historical cost or tran3aclion value unless oth8Thvise stated in the relevant accounting policy. 2.2 Golng ¢on¢om The8e financial 8tatement8 are prepared on the golng Mncem basis. The trustees have a reasonable expectation that the Charity wll continue in operational gxi$tance for the foreseeable fulure, however, Ihe trustees are aware of certain material uncertainlies which may cause doubt on the charills abllity to ntInUe as a going concern. Thi8 relate3 to current year results, cashflow and fulure budgetB. The budget forecasts for 24125 and 25126 show a relurn to 8 surplu8 Position and improved cashflow postion5. however, based on these forecasts it is unlikely to be in a posilion to repay a swnifi¢ant long term creditor balance with in a period of1888 than one year, giving rise to the rnaterial uncertainty. The trustees have prepared forecasts to indicate the charity can continue to pay ts debts as they fall due and the long term creditor has confirmed they are willin9 to continue to suport the charity. Thus the trustees ¢ontinue to adopt the going concern basis of acc¢unting in praparing the financial statements. Our opinion is not modified in this respect. Page 14
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (contlnued) 2.3 Income All income Is recognised once the Charity has entitlement to the income, it 18 probable that the income will be received and the amounl of income receivable can be m8asured reliably. Shop income is measured at the fair value of the consideration recelved ¢r receivable and represents amounts receivable for good6 and 8ervice8 provided in the nomial course of business, net of discounts. The charity receives gym membership subscriptlons and these are recognised in the accounts on receipt as there 18 no refund given for annual subscriptions should the member cease their membership. 2.4 Exp•ndltur• Liabilities are recognised as resources expended as soon as there Is a legal or constructive obligats'on ¢ommittlng th& Trust to the expenditure and it can be measured reliabty. All expenditure 18 accounted for on an accruals basis and has boen classified under headings that aggregate all cost8 related to the calegory. Costs of raising funds are those costs incurred in attracting voluntary incom•, the costs of trading for fundraising purposes, investment management and certain legal fees. Support costs include central functions and hav8 been allocated to actmty cos1 categories on a ba818 consistent with the use of sOurces. Irrecoverable VAT 18 charged against the category or resources expended for which it was Incurr8d. Tax recovered from voluntary income received under gfft aid Is rgcognigad in the Statsment of Financial Activities when the income is receivable and is allocated to the income category to which the income relate8. 2.6 Tanglble Ilxed as8¢ts and d•pr•clatlon Tangible fix8d assets costing £1.000 or more are capltalised and recogni8ed when future economlc benefits are probable and the cost or value of the asset can be measured reliably. Tangible red assets are initlalSy iecognised at CO8t. Aftor recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impainnent losses. All costs incurred to bring a tangible frAed asset into its intended working wndition should be included in the measurement of cost. At each repo.ng dat8 the Charity assesses whether there is any indication of impairment. If such indication exists, Ihe recovewable amount of the asset is detemiined to be the higher of its fair value less costs to Sell and its value in UBe. An impaimient loss is recognised where the carrying amount exceeds the recov8rable amount. Page 15
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (contlnued) 2.6 Tanglblo flxed as8ots and deprnclatlon qcontlnuod Depw¢i8tion is charged so as to allocate the cost of tangible fixed assets 188S their residual value over their estimated useful lives. using the straight-line method. Depreciation 18 provided on the following ba8e8'. Plant and machinery Fixlures and fittings - depreciated over 2 to S years depreciated over 2 to S years Gains and 108ses on disp08a18 are detemiined by comparing the prrxeeds with the carrying amount and are recogni8ed in the Statement of financial a¢tivitie8. 2.6 D•btorn Trad8 and other debtor8 are recognised at the settlement amount after any trade d18count offered. Prepayments are valued at the am¢unt prepaid net of any trade discounts due. 2.7 Cash at bank and In hand Ca8h and cash •quivalent8 include cash in hand, deposits held at call with banks, Other short-tem liquid investments wilh original maturities of three months or le&8, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 2.8 Llabllltlm ond provl•lon• Liabilities ar8 recognised when there is an obligalion at the Balance sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement Can be eslimated reliably. Liabilities are recogni8ed at the amount that the Charity anticipates it will pay to settle the debt or the amount it ha8 received as advanced payments for the goods or serrfices it must provide. Provisions are measured al the best estimale of the amounts required to 8ettle the obligation. Where the 8ffect of the time value of money is material, the provision is ba88d on the pre8ent value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the di5Unt Is recognised In the Statement of finan¢ial activities as a finance Cost. 2.9 Flnanclal Instruments The Charity only has financial assets and financial liabilities of a kind that qualify a8 basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest melhod. 2.10 Oporntlng l•ases Rentsls paid under operating leases are charged to the Ststement of finan¢ial aclivits'es on a straight- line basis over the lease ierm. Page 16
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountlng poll¢l•s l¢ontlnued 2.11 Employee benefltg The cost of any unused holiday enlrtlement is recogni8ed in Ihe period in which th8 8mployee's 8ervices are received. Termination benefrts are r8cognis8d immediat8ty as an expanse when the charity is demonstrably committed to terminate the employement of an employee or to provide termlnation benefrts. 2.12 P•n8lon• The Charlty operates a defined contribution pension scheme and the pension charge repr88ent8 the amounts payable by the Charity to the fund In respect of the year. 2.13 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustee8 in furtherance of the general objectives of the Charity and which have not been designated for olher PUTPO888. Crltlcal aGGountlng e•tIMat and area¥ of Judgment Eslirnates and judgments aro contlnually evaluated and ara based on historlcal experience and other factors. includin9 expectations of future events that are believed to be re88onable under the circumstances. Critical accounting estimates and a88umptions'. The Charity make8 e8tlmates and a88umption8 concernlng the future. The resulting accounting estimates and assumptions will, by definttlon, seldom equal Ihe related aclual results. The estimates and assumptions that hava a significant risk of causing a material adjustment to th8 carrying amounts of assets and liabilities within the next financial year are discussed below. Critical area$ of ludgment., The key judgement within these account8 relate8 to the trealment of deferred income. The charity rec&ives 80m8 income relating to annual gym membership which is paid upfront. Per the terms and conditions of membership any amounts paid are non-refundable In the case of membership belng cancelled before the year has finished. Thereforo th8 income has been reco9ni88d as income in full upon receipt and not deferred. Page 17
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Incom• from charltabl• actlvltlo8 Unr09tr1cted fund8 2024 Total funds 2024 Total funds 2023 Membership fee8 1,957,078 1,957.078 2,480, 523 Income from other tradlng actlyltl Income from non charltabl• tradlng actlvltlo1 Unr•strlct•d funds 2024 Totsl funds 2024 Total funds 2023 Shop income 29,704 29,704 32,400 Other Income Unro8trlct•d funds 2024 Total funds 2024 Total funds 2023 Other income 18,770 18,770 3,880 Page 18
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 Expendlture on ralslng funds Fundralslng oxpensos Unrestrkted funds 2024 Total funds 2024 Total funds 2023 Advertising 40,180 40.180 44. 820 Anaty818 of expondlture on charltabl• actlvltl•8 8ummary by fund typ• UnrMtrl¢tod funds 2024 Total 2024 Total 2023 Charitable expenditure 1,916,245 1,916,245 2, 609, 635 Summary by •xp•ndlturo type Staff costs D•preclatlon Oth•r costs 2024 2024 2024 Total 2024 Charltable activities 777,999 230 1.138.016 1,916,245 Staff costs Deprnciation Other costs 2023 2023 2023 Total 2023 Charitable activities I, Q76.253 7,400 1.525,982 2. 609,635 Page 19
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analys1$ of oxpondlturn by actlvltlos Actlvftles undertaken dlreclly 2024 Support costs 2024 Total fund8 2024 Charitable expenditure 1,891,200 25,045 1,916,245 Activ*i88 undertaken dlrncffy 2023 Support costs 2023 Total lunds 2023 Charitable expenditure 2,585,508 24, 127 2, 609.635 Analy818 of support Costs Total fund• 2024 Total lunds 2023 Actlvltles 2024 Depreciation Govemance costs 230 24,815 230 24,816 7,400 16,727 25,045 25,046 24, 127 10. Audltorn, rnmuneratlon 2024 2023 Audit fees 12.000 10.727 Page 20
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. Staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contribution pension $chernes 722,026 42,663 13,410 1.004.010 57. T91 14.451 777.999 1, 076,252 The average number of persons employed by the Charty during the year was as folbws: 2024 No. 2023 No. Employee8 72 No employee received remuneration amounting to more than £60,000 in either year. The aggregat8 compen8ion to key management personnel for the year amounted to £e.000 (2023 £6,000) 12. Trust•H' remunoratlon and •xpensos During the year, no Tru8tees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 March 2024, no Trustee expenses have b88n incurred (2023 - £NIL). Page21
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Tanglble flxed assets Plant and Flxtures and machlnery flttlng8 Total Cogt or valuatlon At 1 April 2023 Di8PO8al8 15,762 (3,374) 136,434 115,686) 152,196 (18.9691 At 31 March 2024 12,388 120,849 133,237 Deprnclatlon At 1 April 2023 Charge for the year On dispDsal8 16,762 136,204 230 116,685) 151,966 230 118,9591 13,374) At 31 March 2024 12,388 120,849 133,237 book valuo At 31 March 2024 At 31 March 2023 230 230 14. Debtors 2024 2023 Due wlthln ono yoar Trade debtors Other debtors Prepayment6 and accrued income 31,717 40,286 40,912 35.889 54. 123 91.962 112,914 181.974 Page 22
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Credltord: Amounts falllng due wlth5n ono year 2024 2023 Bank loan8 Trade creditors Other taxation and 80cial security Other creditors Accruals and deferred income 5.620 277,101 9,236 30.153 62,706 5,535 38T, 112 9.408 61,912 49,264 384,815 513,231 Included within Creditors Is an amount £239,053 (2023 - £212,059) owad to 3D Leisure Limited. 3D Lei8ure Limited provide thi8 charity with facilities management and all transacUon8 are on an am18 length ba818. 16. Credltor8: Amounts falllng due aft•r more than on• year 2024 2023 Bank loans 31,895 35.385 Page 23
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Statement of funds Statement of funds - currnnt y•ar Balanc• at 31 March 2024 Balance at 1 Apf112023 Incom• Expendlture Unmtrlcted fund8 General FundB- all funds 1314.598) 2,005.552 11,956.4251 (265.4711 Statement of fundg - prlor y•ar Balance at 31 March 2023 B818nce at 1 Apn'l 2022 Income Expgndlture Unr••trlct•d fund8 General Fund8 - all funds (176,947) 2,516,803 (2, 654,454) {314, 598) 18. Analygls of net asg•ts betw•on funds Analysls of not as•ets between fund8 - curr¢nt porlod Unro8trf¢ted funds 2024 Total funds 2024 Current assets Creditors due within one year Creditors due in more than one year 1 $1,239 151,239 (384,815) 1384,8161 (31,895) (31,8961 Total (265.471) 1265,471) Page 24
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 18. Analysls of not a$$ets between funds (contlnued) Analy¥ls of net a88et8 between funds - prlor perlod Endowment Unrnstricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditor8 due within ong year Creditors due in more than one year 230 233. 788 (513,231) (35, 385) 230 233. 788 (513,231) (35.385) Total (314, 598) (314,598) 19. Reconclllatlon of n•t movoment In funds to n•t ca•h flow froffl operatlng actlvltle• 2024 2023 Net incomelexpenditure for the period (as per Statement of Financial Activities) 49,127 (137, 651) AdJustm•nts for: Depreciation charge8 Decrease in debtors IncreaBel(decrease) In creditors 230 69.060 (128,001) 7.400 27.436 41,266 Not cash used In opèratlng actlvltl•8 110,084) (61,549) Anatyjls of cash and caih •qulvalents 2024 2023 Cash in hand 38,326 51,814 Total cash and cash •qulvalents 38,326 51.814 Page 25
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 21. Analysls of changes In net debt At l Aprll 2023 Cash flows At 31 March 2024 Cash at bank and in hand Debt due within 1 year Debt due after 1 year 51,814 16,536) (35,386) (13A89) (85) 3.490 38,325 (5,620 {31,895 10,894 {10,0841 810 Pen8lon commltments Th8 group operate8 a deflned contrlbutlon pension sch8m8. Th8 assets of th8 8ch8me are held separately Irom those of the group in an Independently adminiBtered fund. The pension cost charge repreBent8 Contriblon8 payable by the group to the fund and amounted to £13,410 {2023 £14,451), and £2,697 (2023 - £2,618) were payable to the fund at the balance sheet date and are Included in Gredrtors. 23. Operatlng lea commltmenls At 31 March 2024 the Charlty had commltments to make future mlnimum lease payments under non- Cancellable operating leases as follows.. 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years 244,491 331,989 206.692 390,815 676.466 597,507 24. Rolated party transa¢llon• The Charity has not entered into any r8latad paty transaction during lh8 year, nor ar8 thera any outstanding balance3 owing between related parties and the Charity at 31 March 2024. Page 26