**Company Registration No. CE009368 (England and Wales)** **Charity registration number 1170729** **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr Leonard Jones Dr Mark Rowlands Ms Carmel McCarth Mr Adam Parry Mr Paul Islip Ms Magali Lovell-Pascal **Charity number** 1170729 **Principal address** Fron Park Road Holywell Flintshire United Kingdom CH8 7UZ **Independent examiner** Azets Audit Services Brynford House 21 Brynford Street Holywell Flintshire United Kingdom CH8 7RD ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 4| |Independent examiner's report|5| |Statement of financial activities|6| |Balance sheet|7| |Statement of cash flows|8| |Notes to the financial statements|9 - 17| ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 MARCH 2023**_ The trustees present their annual report and financial statements for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Holywell Leisure Centre - Canolfan Hamdden Treffynnon (HLC-CHT) is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission (registration number 1170729). Its constitution was adopted on 12 October 2016 and it was entered on the Charity Commission Register on 13 December 2016. The transfer of the asset from Flintshire County Council (FCC) was completed on 1 April 2017. ## **Objectives and activities** ## **Objectives and aims** The objectives of the charity are to provide a range of leisure, sporting, health and social facilities primarily run by the community for the community, seeking to deliver these activities with inclusivity for all. In so doing, it aims to cater and improve upon the physical and mental wellbeing of all its members and visitors whatever their economic circumstances. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. In particular they have considered how the activities offered will contribute to the aims and objectives set. The trustees are committed to equal access for all. ## **Significant activities** The centre provides a wide range of various competitive and personal fitness sports, leisure pursuits, social activities and health benefits to all age groups and abilities and strives to be as inclusive as possible. Users can access a variety of facilities, swimming pools, sports hall, community/dance studio, café, soft play, squash courts, library, meeting rooms, health suite and fitness gym as well as access to sports facilities at Ysgol Treffynnon High School (sports hall and 4G AstroTurf pitch). - 1 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **Achievements and performance** ## **Transfer of ownership** HLC-CHT took control of the leisure centre on 1 April 2017 from Flintshire County Council with a lease of 27 years, 2017 - 2044. ## **Achievements in the year ended 31 March 2023** This was our first year of normal operations following the restrictions imposed due to the Covid pandemic. Our customer numbers gradually increased through the year as their confidence and desire to get back to the leisure centre increased. The centre management also developed some exciting initiatives to encourage people to return. - A new updated website promoting the centre activities, clubs and benefits. - Promotion of swimming lessons resulting in record numbers attending (700 plus). - A "warm space" area provided in the Library over the winter months. - New gym equipment and pool covers. - New classes such as Boot Camp and Yoga. We were also able to tap into Flintshire County Council's " Emergency Reserve Fund" to help businesses recover after the pandemic. We used this funding to focus on driving revenue for the centre. - 1 year funding for a "Marketing and Communications" manager to improve our offer to the customer and increase sales and to improve communications both internally and externally. Amy Lewis, who was a trustee, took on the role in Feb 2023, and consequently, resigned from the Board. - New indoor cricket nets for the local clubs to train. - Funding to allow the centre to offer attractive membership promotional discounts. - Management training. During the year, gas and electricity prices increased significantly, primarily driven by the war in the Ukraine. We were fortunate as our energy costs were fixed (electricity to March 2023 and gas to Dec 2023). However, after these dates, our costs will also have to increase to the level at the time. In order to mitigate this, we successfully applied to Sports Wales for a non repayable grant for Solar Panels (£167k), and LED lighting (£55k) to be installed in summer 2023. ## **Financial review** In a normal trading year, the centre would have expected trading sales income to be in the region of £695,000. Income gradually increased through the year as customers returned resulting in total income of £877,788 in sales turnover and grant support to March 2023. This includes sales income of £680,460 and grants of £196,940. Expenditure totalled £919,207 which resulted in a loss of £41,419. Our contingency fund account stands at £98,358 and a carry forward amount in the business account of £93,532. Our on going grants provided by the local and county councils are as follows; Flintshire CC £176,118 Holywell TC £10,000 Local Community Councils £1,400 The Board and the Management Team continue to work together to improve the working and leisure environment for our staff and our customers and it is pleasing to see attendances increase. Our 2023 Q1 accounts show a breakeven. ## **Reserves policy** It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. - 2 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **Commitments and liabilities** There are legal requirements for the business to meet predetermined standards and for regular testing and certification related to the safety of our customers and workforce. These include chlorine levels in the swimming pool, Legionella in the water supply, alarm testing and fire equipment inspections. We received the HSBC "Bounceback loan" of £50,000 which we started repaying in November 2021 at £10,400 pa (5 year loan). We also had an EU grant of £60,000 against the new boiler installation in 2019. Repayment is triggered by reaching turnover figures way in excess of our current projections. We will monitor this annually. ## **Investment policy and objectives** The trustees intend that all future surplus income is retained by HLC-CHT and reinvested back into the facility. Funds are held by HSBC which although at low interest rates allow for easy access and management of accounts. ## **Plans for future periods** As well as introducing new classes and facilities, we have some exciting new plans to improve the centre, the overall offer to the customers and our income. Our greatest challenge for the 2023/24 year is the increase in energy costs. However, the Solar panels and LED lighting were installed in August and are now operational. Also, Flintshire CC have funding available this year to offset 90% of the increase that we pay. We will soon know the savings generated by the solar and LED, while energy prices are beginning to show signs of reducing, so by March 2024 the financial impact should be considerably lower. We are driving sales by adding new classes and swimming lessons continue to be in record high demand. We have increased staff accordingly and added in swimming lessons for deaf children for the first time. We have completed a gym refurbishment with new mirrors, lighting and machines. We also have funding in place to re-surface the outdoor 5-aside football pitch which will take place this year. We also recently held an "Open Day" which offered free activities throughout the centre. This was extremely well attended and served as a very positive promotion of the centre. There is a very positive culture throughout the management team with regular communications about the future goals and improvement ideas planned of the centre. The Board are optimistic that the centre will continue to grow as the local hub for health, leisure and social activities. I would also like to place on record my thanks to the Team and my fellow Trustees who work positively, tirelessly and continue to embrace the changes to ensure that we remain at the heart of the community. Increasing energy costs have been and will continue to be our greatest challenge in 2023 and 2024 . Overall however, we are optimistic for the future of Holywell Leisure Centre , with exciting plans to grow income that will be delivered by an extremely motivated and experienced management team. ## **Structure, governance and management** The charity is governed by its constitution dated 12 October 2016. The charity is a Charitable Incorporated Organisation (CIO) Registered charity number 1170729. The trustees who served during the year and up to the date of signature of the financial statements were: Mr Leonard Jones Dr Mark Rowlands Ms Carmel McCarth Mr Adam Parry Mr Paul Islip Ms Magali Lovell-Pascal - 3 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The board of trustees is assisted by non-voting voluntary associates who provide specialist and expert assistance (when required) and the contracted centre management team of three. There must be at least three trustees with the maximum number at twelve at any given time. The board of trustees meets once a month to direct the management and governance of the enterprise. This includes reviews of matters relating to health and safety, finance, risks, maintenance, staff, volunteers, activities, marketing, compliance with regulations, grants and the development of the business. There are specific subcommittees for the oversight of finance, human resources and marketing. The trustees oversee the affairs of the CIO and exercise all the powers of the CIO including the appointment of new trustees, staff and consultants. The trustees' report was approved by the Board of Trustees. Mr Paul Islip ## **Trustee** 21 November 2023 - 4 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** I report to the trustees on my examination of the financial statements of Holywell Leisure Centre/Canolfan Hamdden Treffynnon (the charity) for the year ended 31 March 2023. ## **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 2011 Act). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning 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 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 statements to be reached. Susanna Cassey FCA ## **Azets Audit Services** Brynford House 21 Brynford Street Holywell Flintshire CH8 7RD United Kingdom Dated: 21 November 2023 - 5 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2023**_ |||**Unrestricted Unrestricted**|**Unrestricted Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2023**|**2022**| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations and legacies|**3**|196,958|250,676| |Charitable activities|**2**|656,535|475,315| |Investments|**4**|24,295|34,348| |**Total income**||877,788|760,339| |**Expenditure on:**|||| |Raising funds|**5**|4,601|1,172| |Charitable activities|**6**|914,606|750,496| |**Total expenditure**||919,207|751,668| |**Net (expenditure)/income for the year/**|||| |**Net movement in funds**||(41,419)|8,671| |Fund balances at 1 April 2022||209,139|200,468| |**Fund balances at 31 March 2023**||167,720|209,139| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 6 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2023**_ |**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Stocks
**12**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**15**
**Net assets**
**Income funds**
Unrestricted funds|**2023**
**£**
**£**
290,994
2,064
23,589
191,891
217,544
(63,344)
154,200
445,194
(277,474)
167,720
167,720
167,720|**2022**
**£**
**£**
308,239
712
53,306
132,307
186,325
(32,653)
153,672
461,911
(252,772)
209,139
209,139
209,139| |---|---|---| The financial statements were approved by the Trustees on 21 November 2023 Mr Paul Islip **Trustee** - 7 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2023**_ |**Notes**
**Cash flows from operating activities**
Cash generated from/(absorbed by)
operations
**21**
**Investing activities**
Purchase of tangible fixed assets
Investment income received
**Net cash generated from investing**
**activities**
**Financing activities**
Repayment of bank loans
**Net cash used in financing activities**
**Net increase/(decrease) in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2023**
**£**
(4,197)
24,295
(9,605)|**£**
49,091
20,098
(9,605)
59,584
132,307
191,891|**2022**
**£**
(33,924)
34,348
(3,937)|**£**
(82,939)
424
(3,937)
(86,452)
218,759
132,307| |---|---|---|---|---| - 8 - **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **1 Accounting policies** ## **Charity information** Holywell Leisure Centre/Canolfan Hamdden Treffynnon is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission (registration number 1170729). ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. - 9 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **1 Accounting policies** **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold improvements Depreciated over 30 years straight line Plant and equipment Depreciated at 20% p.a. reducing balance Fixtures and fittings Depreciated at 20% p.a. reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Stocks** Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. ## **1.9 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. - 10 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **1 Accounting policies** ## **(Continued)** ## **1.10 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.11 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.12 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. - 11 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ |**2**|**Charitable activities**||| |---|---|---|---| |||**Income**|**Income**| |||**2023**|**2022**| |||**£**|**£**| ||Sales|656,535|475,315| ||**Charitable trading income**||| |**3**|**Donations and legacies**||| |||**Unrestricted**|Unrestricted| |||**funds**|funds| |||**2023**|2022| |||**£**|£| ||Donations|18|25| ||Grants|196,940|250,651| |||196,958|250,676| |**4**|**Investments**||| |||**Unrestricted **|**Unrestricted**| |||**funds**|**funds**| |||**2023**|**2022**| |||**£**|**£**| ||Rental income|23,925|34,343| ||Bank deposit interest|370|5| |||24,295|34,348| |**5**|**Raising funds**||| |||**Unrestricted **|**Unrestricted**| |||**funds**|**funds**| |||**2023**|**2022**| |||**£**|**£**| - 12 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ |**5**|**Raising funds**
Trading costs
Opening stock
Purchases
Closing stock
Trading costs|**(Continued)**
712
200
5,953
1,684
(2,064)
(712)
4,601
1,172
4,601
1,172|**(Continued)**
712
200
5,953
1,684
(2,064)
(712)
4,601
1,172
4,601
1,172| |---|---|---|---| ||||1,172| ||||1,172| ## **6 Charitable activities** ||**Expenditure**|**Expenditure**| |---|---|---| ||**2023**|**2022**| ||**£**|**£**| |Staff costs|501,326|445,686| |Depreciation and impairment|21,442|18,154| |Marketing|19,385|20,560| |Bank charges and interest|13,712|4,466| |Hire of machinery and operating leases|1,043|3,171| |Chemicals|14,610|10,410| |Rates and insurance|43,366|31,073| |Light and heat|125,639|101,599| |Telephone, postage and stationery|4,014|4,087| |External contractors|6,209|2,509| |Staff training|4,921|4,107| |Cleaning|16,608|8,711| |Service contracts|24,143|11,159| |Licences|6,023|2,123| |IT software and hardware|10,357|11,681| |Repairs and renewals|72,223|58,489| |Costs at Holywell High School|21,487|-| ||906,508|737,985| |Share of governance costs (see note 7)|8,098|12,511| ||914,606|750,496| - 13 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **7 Support costs** |Independent Examination
Accountancy
Legal and professional
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
-
2,000
-
2,354
-
3,744
-
8,098
-
8,098|**2023**
**£**
2,000
2,354
3,744
8,098
8,098|**2022**
**£**
1,992
3,650
6,869| |---|---|---|---| ||||12,511| ||||12,511| Governance costs includes payment for an Independent Examination of £2,000 (2022- £1,992 for audit fees). ## **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## **9 Employees** The average monthly number of employees during the year was: |**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2023**
**Number**
50
**2023**
**£**
434,972
21,944
44,410
501,326|**2022**
**Number**
43| |---|---|---| |||**2022**
**£**
384,631
18,924
42,131| |||445,686| There were no employees whose annual remuneration was more than £60,000. ## **10 Taxation** The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. - 14 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ |**11**
**Tangible fixed assets**
**Leasehold**
**improvements**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**£**
**£**
**£**
**Cost**
At 1 April 2022
266,436
103,793
8,348
Additions
-
4,197
-
At 31 March 2023
266,436
107,990
8,348
**Depreciation and impairment**
At 1 April 2022
19,018
45,707
5,613
Depreciation charged in the year
9,073
11,822
547
At 31 March 2023
28,091
57,529
6,160
**Carrying amount**
At 31 March 2023
238,345
50,461
2,188
At 31 March 2022
247,418
58,086
2,735
**12**
**Stocks**
**2023**
**£**
Raw materials and consumables
2,064
**13**
**Debtors**
**2023**
**Amounts falling due within one year:**
**£**
Trade debtors
8,798
Other debtors
-
Prepayments and accrued income
14,791
23,589
**14**
**Creditors: amounts falling due within one year**
**2023**
**Notes**
**£**
Bank loans
**16**
10,000
Other taxation and social security
7,057
Other creditors
2,119
Accruals and deferred income
44,168
63,344|**Total**
**£**
378,577
4,197| |---|---| ||382,774| ||70,338
21,442| ||91,780| ||290,994| ||308,239| ||**2022**
**£**
712| ||**2022**
**£**
23,524
5,771
24,011| ||53,306| ||**2022**
**£**
9,568
-
412
22,673| ||32,653| - 15 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ |**15**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**16**
Government grants
**17**
**16**
**Loans and overdrafts**
Bank loans
Payable within one year
Payable after one year
**17**
**Government grants**
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Non-current liabilities
Movements in the year:
Deferred income at 1 April 2022
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2023|**2023**
**£**
26,459
251,015
277,474
**2023**
**£**
36,459
10,000
26,459
**2023**
**£**
251,015
216,276
(9,421)
44,160
251,015|**2022**
**£**
36,496
216,276
252,772
**2022**
**£**
46,064
9,568
36,496
**2022**
**£**
216,276
224,225
(7,949)
-
216,276| |---|---|---| Included in long term trade creditors is an amount of £251,015 payable to Flintshire County Council to fund the installation of a new central heating system. It is not immediately payable and the Trustees consider that the amount should be disclosed on the understanding that the system, by its fixed nature will ultimately benefit the landlord. The deferred income is being released over thirty years. ## **18 Unrestricted funds** All funds received and expended are unrestricted and are used in the day to day running of the charitable company. - 16 - ## **HOLYWELL LEISURE CENTRE/CANOLFAN HAMDDEN TREFFYNNON** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **19 Analysis of net assets between funds** |**Analysis of net assets between funds**|||| |---|---|---|---| ||**Unrestricted**|
**Unrestricted**|| ||**funds**||**funds**| ||**2023**||**2022**| ||**£**||**£**| |Fund balances at 31 March 2023 are represented by:|||| |Tangible assets|290,994||308,239| |Current assets/(liabilities)|154,200||153,672| |Long term liabilities|(277,474)||(252,772)| ||167,720||209,139| ## **20 Related party transactions** There were no disclosable related party transactions during the year (2022 - none). |**21**|**Cash generated from operations**||**2023**|**2022**| |---|---|---|---|---| ||||**£**|**£**| ||(Deficit)/surpus for the year||(41,419)|8,671| ||Adjustments for:|||| ||Investment income recognised in statement of financial activities||(24,295)|(34,348)| ||Depreciation and impairment of tangible fixed assets||21,442|18,154| ||Movements in working capital:|||| ||(Increase) in stocks||(1,352)|(512)| ||Decrease in debtors||29,717|39,834| ||Increase/(decrease) in creditors||30,259|(106,789)| ||Increase/(decrease) in deferred income||34,739|(7,949)| ||**Cash generated from/(absorbed by) operations**||49,091|(82,939)| |**22**|**Analysis of changes in net funds**|||| |||**At 1 April 2022**|**Cash flowsAt 31 March 2023**|| |||**£**|**£**|**£**| ||Cash at bank and in hand|132,307|59,584|191,891| ||Loans falling due within one year|(9,568)|(432)|(10,000)| ||Loans falling due after more than one year|(36,496)|10,037|(26,459)| |||86,243|69,189|155,432| - 17 -