Charlty reglstratlon number 1170729 Company reglstratlon number CE009368 IEngland and Wales) HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 ) Hargreaves & Woods CHARTERED ACCOUNTANT5 & BUSINESS ADVISERS
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON CONTENTS Page Leg81 and administratlV8 information Tnjstees. report Independent examiner's repr)rt Statement ol finanelal activities Balanc8 sheet Slatement of cash flows Notes lo the financial st2tem8nts 10-19
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Leonard Jones Dr Mark Rowlands Ms Carmel Mccarth MrAdam Parry Mr Paul Islip Ms Magali Lov611-Pasea1 Charity number 1170729 Company numbèr CE009368 Reglstered office Ho5ywell Lgisure Centre North Road Holywell Flinlshi¥e CH8 7TQ Ind8pèndent examiner Jamos Hargr6av6s FCA Cholmondeley House Dee Hills Park Chester Cheshlre CH3 SAR
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trusteès psent Iheir annual report and financial statements foi the year ended 31 March 2024.
The financial statements have been propar£d in accordance with the accotJntiDg poli¢ies set out in note 1 to the
financial statements and comply with the charity's conslitulion, the Companies Act 2006 and "Accounting and
Reporting by Charities.. Siatemenl ol Recommended Practice applicable lo charilies preparing their accounts in
aecordance with the Flnancial Reporting Stsndard applicable in the UK and Republic ol Ireland IFRS
1021 leffectlve 1 January 20191.
HolyNell LeisurE Centre is a Charitable Incorporated Organisalion ICIOI regislerecf ryth the Charity Commission
Inumber 11707291. Their constitution was adopted on 1211012016 and was entered on the Charity Commission
register on 1311212016.
The Leisure Centre building is operated on a 27 year lease from Flintshire County Council for the period 2017.2044,
Objè¢tlvÈ$ and a¢livities
The objèclive8 of th8 charity ar8 lo pmvidè a rang6 of lelsur6, SPOrtSng, health and soelal faullties primarlly run by
the community, for th8 community, in the most inclusive way possib16. In doing s(), it aims to cater for, and improve
upon, ffte physical, soci81 and m8nlal w8llb8ing of all its membèrs and visitors.
Th¢ Iruslees have pald due regard lo guldance Issued by the Charity Commlssion in decldlng what activllies the
¢harily should undertake. IM particular, they have considered how the activities tsffeied will contribute to the aims
and obje¢lives sel. The Iruslees are commilled to eqal acces5 for all.
Public benefit
The trustees have paid due regard lo guidance issued by Ihe Chaiily Commission in deciding whal activities the
charity should undertake.
Aclivilies
Tha centre provides a wide range ol competitive and personal fitness Sports, leisure pu¥suils. social aclivities and
he81th benefits to all Sgtt groups and abilities. Users can a¢SS a variety of facilities including the swimming pool,
OLrtdoor all woalher pitch, sports hall, crlcket nel Iraining, commuiiilyldance stu(5io, café, soft play, squash courts.
library, meeting rcioms and fully equlpped gym. In addS1ion, the lelsure centre team man2ge oul of school hours
access lo the sports hall and outdoor all w8ath8r piteh at Ysgol Tr8ffynnon High SeJ)ool.
AchÈevements and performance
Swnilicanl aclivities and a¢hiovements gg8insI objecliv&s
Improved Communications
With the support from Flintshire County Councils "Emergency Reserve FurKJ" we
were able to employ Amy Lewis as our "Marketing and Communicatlons M3nagel' frum Feb 23. Atny h
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Energy - Incre£islng energy costs were a ¥eal challenge as we came out of our fixed price deals in March 23 for 61eclricity and D2cetnber 23 lor Gas. We had support fronTr Flintshire County Council in this year lo help mitigate tho increas8. We also had LED lighting ènd solar panels installed in June which were funded by a Sports Wales Grant that we successfully applied for in 2022. Flnanclal revlew Despite the Challenges around energy costs, and the cost of Ilving inu6as8s for our customers. the overall financAal performance was pleasing. Total Inoorne was £981,792 from sales turnover 2nd grant support to Mar¢h 31st 2024. This comprises of sales income £774,785, grants of £171,341 ar)d invoslmenl incomo of £35,66fj. Expenditure totalled £987,411 which resulted in a loss of £5,619. Our contingency fund account stands at £162,101 8nd o carry forward amount in the business account of £144.541. Our ongoing granls provided by the local county. town and community councils ar8 as follows. Flintshire CC £97,418 Holywell TC £10,0(K) Local Communily Coltneils £1.350 Reserv8spoIiGy It is the policy of tha charity (hal unrestricted funds which have not been designated for a specific use should be mainlained at a level equivalent lo at least 3 months core expenditure. The trustees consider that reserves al this level will ensure that, in the event o* a slonificant drop in fundlng, they wlll be able lo continue the charity's ¢urrgnl 8clivities while consideration is given lo ways in which additional funds may be raised. Given the prevailing diffi¢ull e¢onomic climate, it has not been possible lo to maintain this lev81 of r8setve durlng the ye8r. A review of this policy lo establish appropriate future reserves is curr&ntEy in work. en 8 and Liabiliti Thgre 8r8 legal requirements for the business lo m881 pred¢l(3rmine¢ standg¥ds and for regulai testing and certification relating to th8 safety ol our customers and employ888. Thore include chloiine levels in thB swimming pool. Legionella testing in tho water supply. alarm testing and lire equipment inspections. We continu¢ lo pay back the Bounceback Loan s18rt8d in 2021 at £10,400 PA ovor 5 years. We also had an EU grant of £60.000 for the new boilèr Instèllalion in 2019. Repayment is triggered by reaching specifi¢ tUTnover figures. Repayments have started at £108 por month and will be adjusted annually. Inveslmenl poliGY The truslees intend that all lulure surplus income is retained by th8 centre and reinvestèd back into the facility. Funds are held by HSBC whlch allow for easy access and management of Ihe day lo d8y ac¢ounts.
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Plans for future periods W6 will continue to drive increased awareness of the ntre and all it can offer to the communily Ihrough the wgbsil¢ and social media. Prices musl romain competitive and offer gro81 value lo our customers. We must therefore locus on improved 8ffi'Gien¢ies, reduced expenditure. additional revenue streams and grant applications. We need lo fully understand the ele¢lric usage hy month and the savings generated by the solar pomer system. This may justify an invostmonl in baltory sloragc if Ihore is sutricienl surplus generated. Energy cost increases remain our single grealesl financial challenge by a long way. A lotal business has approached IhÈ centre to Tun a crèehe in the old Health Suite. This Uld sla rt in the Autumn of 2024 subject io due diligence and contract agreement. Tho new outdwy pitth playing surface should be installed by October 2024 and we are looking to refurbish the squash courts and pool side changing room lockers (subject lo fundingl. The one to one NERS (National Exer¢iso Refetral scheme) wailirig list is vory knng so wo will b8 Initiating a Well Being Mombership with classes for peopl8 who want to become more aclive bul cso not need one lo one ¢ommitmenl. Structurei govaynancè and managemènt The d)arily is a company limited by guarantee. The Iruslees, who are 8150 the director5 for the purpose of company13w, and who served during the year and up lo the date of signature of th8 fin8ncig1 statements wère.. Mr Leonard Jones Dr Mark Rowl2nds Ms Carmel Mccarth MrAdam Parry Mr Paul Islip Ms Magali Lovell-P8scal Recruilm&ntand appointmenl of Iwslees None of th8 trusle8s have any bentsficial interest in the CIO. All the trustees Bre members of the CIO and guarantee to contribute £1 in th8 av8nt of a winding up. The board ol trustees is assisted by non-vollng voluntary associates who provide speciallsl and expert asslsiance {when requiredl logethei with the c01rdLtgd seiiior mdniig7gmenl tedm ul Ilie Leritre. There wust be at least 3 truslees on the Board which m&&ts On par month. There is also a Fin2nce Commiltee whlch usualty meets once per month purely to Teview the fin3nces of the cenlre. The tiustees oversee the CIO and exercise all tho powers of the CIO including the appointment of Iruslees, middle and s6llior management staff and consultants. The cornpanls current policy conceming the payment of Irade credilurs is to follow Ilie CBI'S Pronpl Payers Code Icoptes are available fmm the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DUI. The companls current polÈcy canc8ming th8 payment of trade creditors is to.. settle the terms of payment walh suppli8rs when 8greoing the terms of each Iransaclion., ensur& that supplie¥s are made aware of the terms of payment by inclusion ol the relevant terms in contracts- and pay in accordan¢6 with the company's ctsnlractual and olher legal obligalions.
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Offter mètler8 There is a very positlv8 cuttur8 at the centre wlth 8 good team elhlc. The B08rd of Trust88s would Ilk8 to p18c8 on record thelr thanks to 811 the eFnployee5 who 811 work extremely hard to maintain our position al Tho Heart of the Communlly. The trustaas, f8POrt W8S 8pprov8rS by th8 808rd of Trust88S. Mr Paul Isllp Tru8t•• 26 NovgrnbÈr 2024
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON I report to the trustees on my examination ol the financial slalements of Holywell Leisure Centrelcanollan Hamdd8n Treffynnon Ithe charity) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of th8 charity land also its directors for the puipose5 of company lawl you are responsible lor the pr8paration of the financial statements in accordanc8 with th8 requirements of th& Compani8s Act 20{ (the 2006 A¢tl Having satlsfied myself that the financial statements ol the charily are not required to be audited under Part 16 01 the 2006 Act and are 91igib18 for independent ex8rnination, I report in respect of my examination ol the charity's finznci81 statements carried out under section 145 01 the Charities Act 2011 (the 2011 Act). In carrying out my exarninalion I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner'5 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 l am qualified lo undertake the examination because l am a member ol ICAEW, which is one of the listed bodies. I have completed my examination. I nfIrM that llo rnatlers have com6 to my attention in connection with the examination giving me cause to believe that in any material respg¢t.. accounting records were not kept in respect of the charity as qUIred by section 386 01 the 2006 Act. or the financial statements do not accord with those records.. or the financial statements do not comply with the accounting requirernents of section 396 01 the 2006 Act oth8r than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the financlal slalements have not been prepared in accordance wqlh the methods and principles of the statement ol Recommended Practice lor accounting and reporting by charities appli¢ab18 to charities preparillg their accounts in accordance with the Financial Reporting Standard applicable in the UK arKI Republic of Ireland IFRS 1021. I have no concerns and have Gome across no other matters in conn8clion with thè examlnatlon to whlch atlentlon should be drawn In this report in order to enable a proper understanding of the financial statements to be reaehed. Jame5 Haygreaves Cholmondeley House Dee Hills Park Chester Cheshire CH3 SAR DÈted.' 27 November 2024
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Rèstrlctèd funds 2024 Total Unrestricted funds 2023 2024 Notes Income from.. Donations and legacies Charilablo activities Invtsslments 162,446 774,785 35,666 8,895 171.341 774,785 ,666 196.958 656,535 24,295 Total income 972,897 8,895 981,792 877,788 Expendlture on: Raising funds Charilable aclivllles 3.425 975,091 3,425 983,986 4,601 914,606 8,895 Total expendlture 978,516 8,895 987,411 919,207 Net expenditure and movement In funds 15,6191 15.6191 141.4191 Reconciliation of funds.. Fund balances at 1 April 2023 167,720 167.72Q 209,139 Fund balances at 31 March 2024 162,101 162,101 167,720 The statemenl of financAal actieS includes all galns and loss$s ¢ognIsed in the year. All income and expenditure derive from conlinuittg activities.
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON BALANCE SHEET ASAT31 MARCH2024 2024 2023 Notes Flxed J53ets Tangible assets 13 487.978 290,994 Current assets Stocks Dablors Cash al bank and in hgn 14 15 2,022 54,284 144,541 2,064 23.589 191,891 200,847 217,544 Credltor$: amounts falllng due wlthln ono year 17 154,978) 163,3441 Nat currnnt assèts 145.869 154,200 Total assets les5 current IlabllStles 633,847 445,194 Crgditor5- amoLrnts falllng dug Jftgr mor¢ than one y*ar 1471.746) 1277.4741 Net assets excludlng pen91on 11oblllty 162,101 167,720 Net assets 162,101 167.720 The fund5 of the charlty Unr8stflGtpd funds 162,101 167.720 162.101 167,720 The company Is entltled lo the exempllon from the audlt requirement conlalned In secilon 477 01 the Companles Acl 2006, lor the y¢ar ended 31 March 2024. The direclors acknowledge Iheir responsibilities for complying with the requirements of Ihe Companies Ael 2006 wllh respecl to accounllng records and the preparallon ol finan(#al stalemenls. The rnemb8rs hav& not required th8 company lo oblaln an audit of Ils flnanclal sl8t&ments for the year In question in accordance wlth BectSon 476. These finanoal sialements have been prepared in accordance with the provisions 8ppIic8ble Its companles subject to the smo11 compan188 rÈulm8. The ffinand81 stalements were approved by the Iwslges on 26 November 2024 Mr Paul Islip Truslee Company registration number CE009368 (England and Wales)
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notas Cash flows from operating actlvltles Cash generated from operations 153.035 49,091 Investing activities Purchase of tangiblg fixed assets Investment income re¢eived {226.2571 35,666 14,7971 24,295 Net cash lused Inllgenerat8d from Invèsting actlvltles 1190,5911 20.098 Financing activities Repayment of bank loans 19,7941 19,6051 Nèt eash usad In fSnanclng actlvltlès 19.7941 {9,6051 Net {decre2sellincr8a8e In cash and cash equlvalents {47,3501 59.584 Cash and Cash equivalents at baginning of year 191,891 132,307 Cash and cash èqulvalents at end of year 144.541 191,891
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity Informatlon Holyw911 Loisuro C¢nlrelGanolfan Hamddttn Trgffynnon Is a Priva company limited by guar8nl$ts irTrGorpor8tgd in England and Wal85. The r9gislorgd officg is Holywell Leisure Cenlre, North Road, Holywo11, Flintshire, CH8 7TQ. 1.1 Accounting conv8ntion The financial slaternents have been p¥epared in acoordance with the oharily's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland. I'FRS 102.1 and the Chariti85 SORP 'Accounling and Reporiing by Charities.. Statement ol Recommended Practice applicable lo charities ptEparing their accounts in accordance with the Finan1 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" l&ff&clivé 1 January 20191. Th8 charity is a Public Benefit Enlily as defined by FRS 102. The financial slktements are prepared in sterfing, which is the function81 currency ol the charity. Monetary amounts in thes¢ finan¢i81 statsmonls are round6d lo the nearest £. The financial statemgnls have been prepared under the historical cost convenllon. The principal accountlng policies adopted are set out below. 1.2 Going concern Al the lime ol approving the financial statements. the trustees have a reasonable expectation that the charity has adequ8te rasources to contlnue In operallonal existence for the foreseeable future. Thus Ihe trustees Gontinue to adopt the going concem basi5 of accounting in prepariTrg the financial st2tementS. 1.3 Charltable fijnds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable oblaetives. R8Stricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial siatements. Endowmént ltsnds are subject to specific conditions by donors that the capital must be maintalned by the charity. 1.4 Incomè Income Is recognised when the charity is legally enlilled to it after any perforrnan¢e ¢onditic)ns hav8 been mel, the amounts can be measured reliably, and il is probable thal income will be received. Gash donations are recognised on re¢eipl. ather donations aiE racognised once the charity hag been notili of the donation, unless performan conditions require deferral of the amount. Income tax recoverable in relalion lo donalions received unde¥ Gift Aid or deeds ol covenant is recognised at the time ol the donation. Legacies are reeoonised on receipt or otheise if the charity has been notified of an impending distribution. the arnount is known. and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. 10-
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies {ContiriiJ8dl 1.5 Expenditure Expenditufft is tEcognised On there Ss a legal or eonstruetive obligation lo transfer economSc benefit lo a third party, it is probable Ihal a transfer of economie benèllts wlll be required in setllemenl. Énd the amount ol the obligation can be measured reliably. Expenditure is clgssified by activity. Th8 Costs of each aclivily a madè up ol Ihg total of dir1 costs and shared costs, including supporE costs involved in undertaking each activity. Dirocl costs attributable to a singl& activity are allo¢aled directly to that 8ctivily. Shared costs which contribute to more than one activity and support costs which are not allribulable lo a single activity ar8 apportioned betweeii Ihube <lCtivitEs on a basis consistent with Ihe use of resources. Central stafl costs are allocated on the basls of tlme spent, and dépreciation oharges are allocaled on Ihe porlion of the asset's use. 1.fj Tangible flxed assets Tangible fixed assets are initially measured al eosl and subsequenlly measured at cost or valuation, nét of depreciation and any irnpairment losses. Depradation Is recognised so as to write off the cost or valuation of assets less their residual values ovfyr thelr useful lives on the following bases.. Leasehold improvements Plant and equlpm8nt Fixtures and fillings 24. 25 and 30 years straight lin8 20°A reducing balan¢e 20% Teducing balance The galn or loss arising on the disposal of èn ass8t 18 determined as the dlfference between the sale prced$ and (he cartyng value of the 85s¢I. and is rocognised in the statement of financial aclivilies. 1.7 Impairmet)t of fixèd ass6ts At each reporting end date, the charity revlews Ihe carying amounts of ils tangible assets to detemiine whether the is any indication thal those assets hav& suffered an impairment loss. If any suoh INdation exists, the recoverable amount of the asset IS 8Stimated in order to determine the extent of th8 impairment loss Ilf any). 1.8 Stocks Slocks are stated al the lower Df cosl and estiTMaled selling price less costs to complete and sell. Cost comprises direct materials and, where appllcabte, dir¢¢l labour costs and those overheads that have been incurred in bringino the stocks to theii prèsent location and condition. Iletn5 held for distribution al no or nominal consid¢rallon aro mo8sur8d the lower of replacement cost and c05t. Net rèÈlisable value is the aslimat8d s8lling pr[ less all estimated cos15 of complelton and costs to be illGurr8d in mart(6llng, s¢lling and distribution. 1.9 Cash and cash equlvalents Cash and cash equivalents rnclude cash in hand, deposits held al call with banks, other short-lerm liquid inveslmonls with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wéthin borrowing6 in current liabilities. 11
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Iconllnuèdl 1.10 Financial instruments The chaTrlty has &12cled lo apply the provislons of Se¢tion 11 'Basic Ftnancial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 lo all of ils financial inslrumenls. Financial instruments are recognlged in th8 charills balance sheet when the charity becomes party lo the ¢onlractual proMsions of tho inslrumonl, Financial assets and liabilities a offset, with the nat amounts pres8nt8d in the financial slalemenls, wlien thete Is 8 logally enforceable right to sel off the recognised amounts and there is an intention to sBltle on a net basls or to realise the asset and setlle thB liability simultaneously. Baslc flnanclal èss#ts Basi¢ financial assets, whleh Includ& debtors and cash and bank balances. are Inllially measured al transaction prlce including transaction ¢osls and are subsequently carried at amortlsed cost using the effective interest method unless the arrangomonl cor)stilutes a financing transaction, where the tr2n82cI(on is measurèd at the present value of the fulure receiplb disCOUllted at a market ralo of interest, Financial assets classified as r8r.1vbl within one year are not amort15ed. BasAc financlal liablllllès Basic financial liabilities, including credilors and bank loans 8r$ inilally recognised at transaction price unless the arrangement conslilutes a financing transaction, where th9 dgbl instrument is measured at the present value of the future payments discount8d at a mark8t r8te of inleresl. Financial Ilabilities Classified as payablg within one year are not 8morti86d. Debt instruments a¥8 subsequently carried at amortised cost, tssing the effectivè Int8rÈst rate method. Trad& creditors are obligatio9 lo pay for goods or servlces that have been aoquired in the ordinary course ol opo.rations from suppliers. Amotjnls payable 2re class11ied as current liabilities il payment is due within one year or less. If not, they are presented as non-curi8nl liabililigs. Trade creditors are recognised Initially al transaction price and subsequèntly m6asur6d at arncrtised cost using the effective inleresl method. Derecognltion of financlal liabilities Financial Ilabilllles ar8 d8r8cognis8d when the charily's contractual obligatlons explre or are dlscharged or cancslled. 1.11 Employee benefits The cost of any unused holiday enlitlement is recognised in the perlod In whi¢h the omployee's senllces are received. Terminelion benefits are reeognised immèdiatèW as an expense when the charity is demonstrably commillad lo larminale th6 employment of an èmpJoye¥ or lo provide termination benefits. 1.12 Retirement benelits Payrnents d&lin6d conlribullon rollrement benefit heMeS are charged as an expense as they fall due. 12-
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critic81 accounting estlm&tes and ludgemenls In the application of the charity's aecounling policies, the Iruslees are required to mak6 judgements, estimalèg and assumptions about th8 carrying amount of assets and liabilitles Ihal are not readily apparent from other sources. The estlmslès and sssociated assumptions are based on hlslorical experience and other factors that are consid6r¢d lo be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are revi6wed on an ongoing basis, Revisions lo accounting eslimales are recognibed in the period in which the e8lirnale is revised where the revision affeels only that period, or in the period of Ihe revision and fulu¥e periods where the revision affects both current and future periods. Income from donatlons and legacles Unrestricted Restricted funds funds 2024 2024 Total Unrestrlcted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants 20 162,426 20 171.321 18 196,940 8.895 f96,94LI 162.446 8,895 171,341 196,956 196,958 Income Irom charltable activities Unrestrlct•d funds 2024 Unrè5trict8d funds 2023 Sales Sale of goods 774,785 656.535 Income from Investments Unrestrlcted Unrestricted funds funds 2024 2023 Rental income Bank deposit interest 33.541 2,125 23,925 370 35,666 24,295 13
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendiiure on raising funds Unrèstrlctèd Unrostrlcted funds funds 2024 2023 Tradlng ¢ost$ Opening stock Purchases Closing stcok 2,064 3,383 12,0221 712 5.953 12.0641 3,425 4,601 Expendlture on charitable activltles Expenditure Expenditure 2024 2023 Dlrect costs Staff costs Dopreciallon and Impairment Marketing Bank charges and interest Hire ol machinery and operating leases chemilS Rates and insurance 560,530 29,273 349 23,730 947 17,710 43,820 501,326 21,442 19,385 13,712 1.043 14.610 43,366 k li Lighl and heal Telephone, p051age and stationery Extern81 contraejors Staff tralning Cleaning Service contrads Licences & subscriptions IT software and hardware Repairs and renewals C051s a¢ Holyw811 High School 165.085 3,486 8,404 4,285 6,072 15,366 1.278 11.033 61,643 9,952 125.639 4.014 6.209 4,921 16.608 24.143 6.023 10,357 72,223 21.487 962.963 906,508 Share of support and governance costs Isee note 81 Governance 21,023 8.098 983,986 914.606 Analysis by fund Unrestricted funds Restricted funds 975,091 8,895 914,606 983,986 914,606 14.
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to a¢tSvltles 2024 2023 Governance cosls 21,023 8.098 Analysed between.. Expenditure 21,023 8,098 2024 2023 Governance costs ¢omprise'. Accountancy Legal and professional Independ&nl examination fees 15.707 3,156 2.160 2,354 3,744 2,000 21.023 8,098 Net movem8nt In funds 2024 2023 The net movement in funds is stated aft8r charglngllcredltingl., Depreaation of owned tanglble fixed assets 29,273 21,442 10 Trustéès None of the Irust68s {01 any persons connected with Iheml received any remuneialion or benefits from the Charity durin9 th& year. 11 Employees The average monthly number of employees dullng thts year was.. 2024 Number 2023 Number 40 50 Employment costs 2024 2023 Wages and salgries Social security costs other pension costs 483,984 25,612 50,934 434,972 21,944 44.410 560.530 501,326 There were no employees whose annLJal remuneration was more thèn £60,000. 15.
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Taxation The charity is exempt from taxation on Ils activitles because all ils income is applied for chartlable purposes. 13 Tangible Ilxed assets Leas&hold Imprtsvements Plant and Flxturos and equlpmeni riltlngs Total Cost Al 1 April 2023 Additions 266,436 222,383 107.990 3,874 8,348 382,774 226,257 At 31 March 2024 488.819 111,864 8,348 609,031 Deprèclalion and Impairment At 1 April 2023 D8preciation ehJTged in the year 28,091 17,968 57,52g 10,867 6,160 438 91,780 29,273 At 31 March 2024 46,059 68.396 6,598 121,053 Carrylng amount Al 31 March 2024 442,76 43,468 1,750 487,978 At 31 March 2023 238,345 50,461 2,188 290,994 14 Stocks 2024 2023 Raw maleiials and consumables 2.022 2,064 15 Debtors 2024 2023 Amounts falling due withln one year= Prepayments and accrued income 54.284 23,589 16 Loans and ovèrdrafts 2024 2023 Bank loans 26,665 36,459 Payable within one year Payable after one year 1LI,000 16,665 10,000 26,459 16
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Crèdltors.. amounts falling due w5thln one year 2024 2023 Notes Bank Joans Other iaxation and social security Trade creditors Other creditors Accruals and del8rred income 16 10,000 8,195 11,083 10.OOQ 1,423 2,119 49.802 25.700 54,978 63,344 18 Crèdltors.. amounts falling due afier more than one year 2024 2023 Notes Bank loans Governmènt grants 16 19 16,665 455,081 26,A59 251,015 471,746 277.474 19 Government grants Doforrod in¢omo is included in Ihe finanaal statemenls as follows.. 2024 2023 Deferred income is included within.. Non-current liabilities 455.081 251,015 Movements in the year.. Deferred income a11 April 2023 Released frorn previous periods R¢sc>urces deferred in the year 251,015 118,3171 222,383 216,276 19.4211 44,160 Deferred income al 31 March 2024 455.081 251,015 Included in deferr8d Incom8 Is an amount of £241.593 reiVed from Flinlshire County Councll to fund th$ in8lallation of a new central heating system. Given the income re5ates to the tsnlral heating system, th8 income is being released over the expected life of the asset which is 30 years. Also Included wlthin deferred income is restricted income of £213,487 for the solar panels bought in the year 31.03.2024. Thls is being released over the expe¢tecS life ol the asset whlch is 25 years. 20 Rètlrament benefit schemes 2024 2023 Defined ¢ontrlbutlon schernes Charge to profit or loss in respact of definod contribution schemes 50,934 44.410 17
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Rètirement beneflt Schemes {Continuedl Th8 ¢harity oper81os 8 defined contribution pension scherne for all qualifw'ng employe6s. The assets of thè scheme are held s@parately from those of the charity in an independently administered fvnd. 21 Unrèstricted funds The UnstrICted funds of the charity comprise the unexpended balancès ol donations and grants which are not Subjeot to specifi'c cundS1ions by donors and granfors as to how th6y may be used. Thesg include deslgnatÈd fund.8 which have been set aside out of uniestricled fvjllds by the trustees for specific purp0s6S. At 1 Aprll 2023 Incomlng resour¢es Re$ources At 31 March expended 2024 General funds 167,720 972,897 {978.5161 162.101 Pr•vrous year.. At l Aprll 2022 Incoming resourcos R8sources At 31 March expended 2023 General funds 209,139 877,788 {919.2071 167,720 22 Analysls of net assets betwen funds Unr8strict8d funds 2024 RestrSetèd funds 2024 Total 2024 At 31 March 2024: Tangible a58e(s Current assets/lliabillti&sl Long t8rm liabilities 274,491 145,869 1258,2591 213.487 487,978 145,869 1471,7461 1213,4871 162.101 162,101 Unrestrl¢ted funds 2023 Rè$tricted funds 2023 Total 2023 At 31 March 2023: Tangible assets CLJrrent ass01(lIabil1Iiesj Long term liabilitiès 290.994 154.200 1277,4741 290.994 154,200 1277,4741 167,720 167,720 18
HOLYWELL LEISURE CENTREICANOLFAN HAMDDEN TREFFYNNON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Related party transactions Ther8 W8re no diselosabl6 related party Iransacllons during Ihe year12023- non81. 24 Cash generated from operations 2024 2023 Deficit for the year 15,6191 141,4191 Adjustments for.. Investment income recogni5ed in statement of financial activities Depreciation and impairment of tangible fixed assets {35,6661 29,273 124.2951 21,442 Movements in working capital.. Decre8sellincreasel in stocks Ilncreaselldecrease in debtors {Decreaselllncrease in creditors Increase in deferred Income 42 {30,6951 18,3661 204,066 11,3521 29,717 30,259 34,739 Cash generated from operatlons 153,035 49,091 25 Aftalysis of changes In net funds At l Aprll 2023 Cash flowsA¢ 31 Ilarch 2024 Cash at bank and in hand 191,891 147,3501 144,541 Loans falling due within one ygar Loans falling due after more than one y8ar 110,0001 126,4591 iio,0001 116.6651 9,794 155.432 137.5561 117,876 19