COMPANY REGISTRATION NUMBER: 10076004 CHARITY REGISTRATION NUMBER: 1174371 Leisure United Company Limited by Guarantee Financial statements 31 March 2024 Iniii illiii ADIAPXP14 1W12r2024 COMPANIES HOUSE 219
Leisure United Company Limited by Guarantee Financial statements Year ended 31 March 2024 Pa9• Trustees. annual repori (incorporating the diTeclors' wort) Independ¢nt au(kWs report to th¢ rn¢n*ws 10 Statement offinancjal actmtss {indudffu •xpenditure acccwnt) 14 Balance Sheet 15 Stsl&m•nl of ¢a$h Ikw 16 Notes lo the finanual statements 17
Lelsure United Company Llmited by Guarantee Trustees, annual report Ilncorporating tho directors. report) Year ended 31 March 2024 The Irusleès, who arè also the dire¢tors for the purp)ses of company Lm¥. present Iheir report and the fit)ancial statements of th¢ charity for Ihe year end 31 March 2024. The finaral statements have been preparad in xtordan¢e wrth the a¢¢ounling policies sel 0 in notès to the accounts and CoMY with the charitys govèming document, the Chartbes Act 20118nd Companies Act 2006 and Accounting and Reporting by Charits'. Staiement of Rtrcommerided Pradice applicable to charikn.es prèparing Iheir accounts in accOrdare with the Financial Repo"n9 StandarKI applicable in the UK and R•public of Ireland publish¢(l in Ooobor 2019. Reference and adminlgtr4tl¥• dètsHs R•glst•r•d ¢harity name Leiswe United Charrty rnglstrallofi finbOr 1174371 Company r•gl$tratlon numbèr 176004 Prinelpal officè and 91¥1¢ed SGP Graves office BoGhum Parkway Slfield S8 8JR Thè truste•s The trustees who seNed durin9 the yw and at the date ofapproval were as folkn¥6: Mr D J Gallagher {Chaimianl Mrs S Wakefield (VKe Chairl Mr S Afdley Mf S Evère Company s•cr•tsry Mwle Secrelary Limited Managlng Dlr•ctor Mrs M Crossland Interim CEO Audltor Love*tll Blake LLP Chartered acL¥yJntsnts & sLIiLrtory audrt Bankside 300 Peachman Way Broadland BusrnÈss Pak N0ch NR7 OLB Bankers National Westminster Bank PIC 53 London Road North Lowestoft Suffolk NR32 1
Leisure United Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) Year ended 31 March 2024 Obie¢lives and actfvltles The obpdive5 oflhe tharity are.. To provide or assist in the PT0ViSi of filibes in the InteSt of soual wÈfiarè for recreation or other leisure time ocCupatn for the puNic at large or for indi¥idvals who have need of such facilities by Tèa$tyn of their youlh, age, infimity or dISablty. hdship or sowl C1m$tanceS with Ihe object of improving their conditions of lrfe., Tht promotion of cvrrimunity Participat in heallhy recreation. To advance the edLThtion traiNng {both aCadWTr and ¥ocalional) of Ihe public and in parbcular ltryjt nol limited lol young people from ihe age of 16 in ihe subject of sports, sports management and related sut¥"eets. vrilh a partieular focus (but not limited lol foolball. The oty'ectives ol the chafity arn fulfillÈfl through the managèment of leiswe and football facililtes throughout the UK on behalf of public and wvate sector organisations. Publle benefrt The trvslees have tsken due regard to Ihe guhJance wblished by IhÈ Cty Commission on publ benefit h is conside th the charity provides a pU1C benefft through rt vision to provmlè first dass leisure facilities, whh are accessib and affoTdable for Ihe wlK)le ci)mmunty. Our pl•dge To ensu affordable, a¢¢essiblè. engagin9 tscbes for all. For Ihe fxthties to be operatad èffirièniiy ensuring first dass presentation throughout contrad ierrn. To reinvest 5urtAus proffts to lurther develop o SIJSlainable football and fitness offer. Our vislon To bring together c>Thfflunities fw footba, fftness, social * edu¢atTOn.
Leisure United Company Limited by Guaranteo Trustees. annual report {incorporating the directors. report) {toft¥nu•AI Year ended 31 March 2024 A¢h1•M•nts and p•rfomian¢• Leisure Untled has enjoyed another slTong y. has seen its fastest growth sirt• Ihe fomation of Ihe Trusl in 2016. Sta.9 Ihe year with 13 hubs in operalbM aThJ andmig vAlh a totsf of 18. new openings this year al Wan (Laithwaite Park and lliaM Fostèr). Barking and Dagenham {Parsloes Parkl. Sheffld iwoodboum Road) and Derby IThe Racecouisel. Contracts and lontewm Opwalicrfd agreements are all awd or in the final prsS of CAxnpletion, in the case of LNerpool sites. Inwoved tenn$ and condn5 have been secured ovwall. compared to thfy Pre0[15 rarvJ¢ments that were in plaee urKter Ihe fvst contraclual aweements, whKh were under Ihe former'Parklife" programme. With the National FootbaN Trust and funding partners, akngside the loG ou1horiS. there is now Ihe Ot)portunty, to ensure that Ihe operalin9 mcJel is fuify suSiainab and that arty profits generated are used rn each geographical area lo deliver outcomes for grass roots fooibal. Reseryes are in place and establish fw the sites that at Ihe rèquired level of operational maturity, a healthy cashflow evident and an agreement from partners to support the opening resourn rewi¥ements, as new sites corne online and bewrne operation. Leisure Unrted is on a sound financial footing. whith has enabled some SUrS to be vested in a high interest aUnt with the National Football Trust. the transfef of fLmds is part of the agreed PToces$ lo support parent company restliènce, sinkn.ng funds prtch replacernent have started where requirèd to mÈel the requiremenls of the agTeeTnents wrth èa¢h local authowity. the responsits.lty and risk lor pitch replacement sits vthh the Nation Footb1 TnJst. or the local authority Idepending on the ci)ntract). Interest is being Nerated in Leisure Uniled's own inslant access savings accounl. This is an excellent overall OLrtcome. Refurbishments have been completed to replacè wen used frtness equipment in Sheff1. the first sites due pro9Tammed refurbishmenl within Ihe portlolio, some other laaltty improvements. 5Lrch as decorating and flooring as well as brandin9 have kYfy3ress a1 alrnost comFleted. A rolling programme for sile reftrtiishment wll be eslablished fof all $ite$ dwing 24r25, wilh the required resour¢es allocated accordingty. A new websitè is now online in the 24125 financial year as wen 85 improvements to the front of house rnanagement sofv4are syslem this 11 sup1 the retention and growth of the chanty. Internal controls. inckjth.ftg SySiem$ and processes have been imwoved in ne wrth previous audit report rec0mrnendati0r. Leisure United has continued ts positive worting relationships with its parent company. The National Foolball Trust INFf) and funding partners at the Fooiball AssocralK)n. Sport England, and the Prèmier League. Strong links have been made or are in with èach hxal authority. where Leisu¥• United has an operational sile or srfe in development. The Foolball Foundation remains a$ 8 key working partner •knigside the Leisu Uniled central and execulive team. Strong 9ovemance is in placè across the b¢)ard. wilh good communi¢ats"on and Sirategi¢ vision. A management agreèment btheen the Nats"onal Footb1 Tqjst and Leisure Uniled is in ts final version, wth the schedules. Ihat indude key pertomiance indtstors. bolh generically and within each local aulhority. to address local needs within the relevant geograptm.cal aTea and be finalised during 24r25. The final version which will be inlegraled wth the National Football Trust 51ralegy document. The Leisure Unit•d bo¥d has retained a slabSe membership and conlinued th its ¢¢xnmittee ftjndion 8nd has met on 8 qu3rtÈFty ba51$. Wrth fvrlher re9 update5 provided as rSSary lo ensure good 90vwnartt is retained.
Leisure United Company Limited by Guarantee Trustees. annual report lincorporatlng the directors, report) {¢oftthue Year ended 31 March 2024 Financial rl¢W The resutts for th8 year are shown pages 14 to 26. User numbers, based on turn51ile admissions for 2Y24 are now at over 1 mitlion wsit5, largely due to the irFyear giowlh and as m¢xe stes move ttrards maturity. This is in LJJmparison to just ovei 540,1)00 in 22123. Income continuÈd tts grow dvrin9 the yèar, 35 a Tesult of Ihe continLd expansion ol the chty ond tygani growth, leading to an overall incrèasè in incomè Of 52%. charitab activity IrMe increased from £4,060k to £6,048k and trading income increased from £1,529k to £2,413k. th fv incr•ast in ¥bW, exwdilur• for yew also in(¥eased in line with incxjme by 50%. Th"s mèant Ihat Ihere was a signthcant increase in the surplus generated before the transfer ol funds. from £492k to £837k. The charity's balance shéet contsnued try strengthen wilh at bank and in hand ing from £2,137k to £2.327k. Reserve$ pollcy The current re$eNes Folicy was set in 22r23 al six months of peoFle costs in each rÈgion. This had been revised from six months operational tht pre5 year (which in lum had been set with COVKI 19 in mind and Ihe thallenges that potential dosures w0d place on 5U$tsrnabilrty of Leisu United). HeVer, given Ihe gro%th s&unty of L•"$urè Uniled, lh¢ polw wdl be reviewed again mowng loard. As part ol discussions with the Nakn'onal Football Tmst, a Finance. Audit and Risk Sub-committee has been formed, part of its lerms of refferee will be to consider and ens¢Jre Leisure Unrted rètains a reserve ai an acp1at lèvel, has suffiaent $h1oW and lo ple Sur$ frjnds into high andlor instant aeees$ aco)unts that can eam Inte1. Th"s ¥4dl improve the o¥efall IFta5ury mana9emenl of the Trust and add valu 8¢ross the board. At 31 March 2024 the thanty had free resÈr¥es of £1,756.551 12023.. £1.725.4401. tt was agreed during ihe yèar that foltrxing each audbt. LU review any out$landing surplus above Ihe agreed serveS level for each hub ¢ Ihèn awate ttN"S to either a ftxed term woduct account or a notice accourtt depending on NFT LU requirements and preferen¢e. To ènsure suffi¢ienl reserves are assigned to each city LU Mll review the amounl allOled to each hub ot) an annually basi5. The Fevièw will focus on ensuring any new leases agreements are induded and Ihal the people cosls are increased in lin8 wrth LV annual pay review. Leisure united has fomied a jnI sut¢omrnJttee with the Natwl Football Trust to deal wlh Finanee. Risk and Audit, the cnmmittee will have various fespons1b14t, Micludin9 the aPPToval of a new policy to detefminè matters su¢h a5 reserves and investments.
Leisure United Company Limited by Guarantee Trustses, annual report (incorporating the directors. reportl icoftknx Year ended 31 March 2024 Plans for future periods F•¢llty Dtvtlopm•nt Prngrnmme Moving fOard rt is planred Ihat further sites WIN come online over thè nèxt two yearn. k& {Bradfordl, Friar Park (Sandwell). Green Pawk and WoDdhaN (Leeds) are scheduled to start on site for construction in Springlsurnrntr 2024. wrth thè openings for Friar Path and Wke expected to be bets¥eeD September and December 2Q24. Start on srte lor constvu¢l"Jon dates have been Set as January 2025 in &'llingham {Stocktonl and Keighley (Bradfordl, with new site opènings btheen September and Decemter 2025 at Haitsham (Weaiden). Keighiey. Billirgham. GFeen PaTk and Woodhall. Further sites are currenuy 4nder discussM)n arL(l at the very ¢arty stage5 of consideration. these will be brought foard in 24125. Resourc• Requirem¢nts Frorn April 2024 Leisure Unite(I has a seconthnent from the Fc1 Foundab"(x) fortwo and a half days per week to address Ihe rApaW required in the areas of partnership working, hub development and boaid 5UPPOrt. Furlher appoiDlments are Fdanned lor 24r25, partty lo address resources required to meet the gr of the ¢yganisation and to recnjil additional in-house wowsion to replace the trIeTrt SeNce Level Agreernenl that èxists bÉÈen the Nalional Football Trnst and Ihe Foolbl Foundalion. In the fulure the resource to do this will sil within the Leisure United central team. The Operations Ch"redor wil move to a newty ¢reoted post of Director of Projects and the Interim Chief Executive Officer wth retum lo the ExeuJlNe Consultant ptsst when additional senior appohnlments art made. ilst the slnthrè rem8rns fvid and subject to change Leisure Uniled has agreement with thè National Football Trust to adjust this in line with Ihe needs of the organisa.on and Hub's development wogramme. It has been agreed that as each hub comes online the General Manager wrfl bè rè¢ruilèd six months in advance, this wrfl help svpport the etntral learn and Regional Manager on the ground and provide lor a smoother transition from ccY)struction, leading inlo the srte openirwj. Furlher resowces to support Actwe Communities and Footrjall Development wil be indud8d in futuie staff allocaiion$. As of 31 July the Managing Director resigned from Leiswe Unite(l. three posts have Th)w baen advertised line wilh Ihe appioved staffing Structvre. These pjsts are Chlef Executive Offjcer. Chief Operating oificer and ExecuDve Support serv5 Manager. a fourth regional manager is eXed to be wruiled lo duriTrg thè autumn. A 9ranl has been $ubmrtied lo Sport England in order to reenjrt to thTee Oiher region81 support pos1& Fun(tralsing As refle¢ted within the financial staiefflents, the tharity does nol participate in fundiaising aclivities. However. should any fundraising be carrd oul. the rknarity is comF4iant th the reou)Femènts tsf thè Fundraising Regulator's voluntary regulation schemè and the Code of Fundraising Pract. In addth"on, fundraising would not engage directfy wrth vulnerable pèople and the publi¢. t)uring 2023124 thè charity did ntst work wth any profess)nal fundraisers or eommertyal partiapatOTS. the were no instances ol lailure to comply wth the al)ove schemes. an¢J no complarnts were received gardIng ihe chanty's fundrai%ng acbvrts.
Leisure United Company Limited by Guarantee Trustees. annual report (Incorporating the directors. report) (•)nfrnuedJ Year ended 31 March 2024 Strueturè. gov•M•n and m•n•gvmnt Governing docum•nt Leisure Uniled was constrtuled as a company in March 2016. The company achieved tharitable rÈgistration in Au9U3t 2017. The mem¢+rarlTh arbd artides of assoriafion were amended in Octobw 2021. R•¢vultment and appoinlm•nt of trust••s Truslees shall be persons who Ihrough reshlence, cPaI10n. employmènt or otheisÈ have a Special knowle(Ige of the area of benefil or vtho are otheise aNe, by ¥irtue of their personal or prtsfessioftal qualificat•)ns. to makè a con1rlbutK to the pursuit of obiectsves of the Chty. Trustees are directors of the cornpany lor Ihe purposes of company Iww. nwnber of Trustees shall be minimum of three and a maximum of x. Trustees who held offi¢e throughwi the Fen"tyJ afft as listed page 1. Trust•• tralning and Indu¢tion On apwnlrnenl the Twslees are provided 1h. The charty's Memoiandum and A"$$ ofAss(vkn"¢n Key roles in the organisational structure Trustee perSC speufficatic In addition, Twstee$ arè eneouraged to read Chafity Commission and otheT rWw51otte, and lo attend courses designed to keep them abreast of th"1 dthies and mponsikn"htiOS. Key managemnt remuneration policy The Injstees set the salary of the management tram ui ffine wilh iThJu5ty expectations. These salaries are revtewed yearly by the trustees. Rish a$$•ssmènt The Irustees acknowkdge Ihè Chfy Cornmissh)n's recMenda110ft for them to underte a review of the major risks to which the charity is exposed. The Trustees havè undertaken a full risk assessment during the year and as a resull the Trustees have identrfied Ihe follcwu)g risks to thé ¢harity'. Financial Planninglmanagement Pipeline hubs being delayed Lack of resource to operale the trust effectivety Systemsldata are compromised by cyber attacks Inuease irt eneF9y costs Having insufficnI capaoty to SUPKhJrt the uvwng p00 Inability to maintain grass cheS as part of nvw LA agreements Ban on rubber crumb infill The Trustees are satisfied that there are systns in place or devebped effeCknVe to miligate those risks.
Leisure Unlted Company Limited by Guarantee Trustees. annual reF)Ort (incorporating the directors. report) {¢onUnu•d) Year ended 31 March 2024 Stru¢tw•. 9•man¢+ and m•n•g¢rnenti¢oftnw Oryanls•llonal stru¢lurn The charity has a board of trustees who meet regularty, on a frjrrftai and informal basis, during the yeaT are responsible for the SIrateg direclion and pcdicy of Ihe charrty. Leisure United has one ptaee on the board of its parenl charitable company The National Foottjall Trust and frequènt diswssions lake place, mostly through the Partnefship Board and its ffteMbe. as a ¥ehKle to track pro9tsss and nltr the perations and rollout of the football hubs programrre. Leisure United esIalshed a committee funth"on. ueated main board of Iru51ee5 to provide addlonal detailed scrLrtiny and overall Ccwfate direction. It can make b.mety dectsions whith has been invJluable dufin9 an exceplional yeai. wheTe bolh the impacls of Cowd 19 and sKJnificant growth p)ssibilih"es have required 9reatef busines5 fouJ5. Thi4 structure fits nealty into the ExecutNe Partnership Board where dear reporting lines and spOnSIb.es have been established. The managemenl ofthe tharty is delegated to fvlanaging Director Executive Team. The lasl 12 months have been unprecedented for Leisure United, with seven new Hub siles opening ross five l¢xal authonty areo$. and lumover increasing by 52% on FY23. 10 £8.5 million. This rapid expansion from 11 to 18 $rtè$ has put Substa resource strain on Leiswe Untrted's already busy central team. At Ihe start of the year, the level of resource was considered at1equate to support the 13 opèrational ytes and ffive new openings expected by 31 March 2024. Hever, thè tèam has beèn faced with some swnificant land ongaingl challerge5 in year {due to sKkness absence and vacanaesl, which ha$ led to some reslrucluring, path"culady to 5UPPQrt hèad office wth addilM)n¥l finance and hurnan resourc•s capacity PLrt in one ofwhich has been thè apwntmènt of a rew Head of Finance and Resources. Regional Management al operational level ha5 been established in low key areas. Notlh East, North West. Sheffield. Central and South_ The Execuiive Consuttant has stepped in as iAteiim cfNef ExlIve Otfw to oversee the management and review of the organisatnal needs in Ihe absence of the Managin9 Dirè¢ior and subsequent forward stru¢ture lmpjemenlalic. Relat•d partie The Trust receives management lsUltanCY from DGEMS Ltd of which Mr D Gallagher ts a Director and in Ihe pri¢x yeai SQ1 Management of which Warren (intèrim CEO) 1$ a Diredor. The Trust also receives marketing support from Blue D&vn Piclures whth is controlled by a dose family member of the k•y manag•merrt personnd. A board meetin9 was held on 8 October 2021 al which rt was voted lo become a member ol The National FoottlI Trust. As a consequence Leisure Unrted has bÈ¢tsrnè the OPBTalw)nal arm of NFT and is now a subsidiary company of NFT. Any related paty traracI10nS we iscfosed as requed in thè to thesè fin#1 stalements.
Leisure United Company Limited by Guarantee Trustees, annual report lincorporating the directors. report) {¢•n#Due Year ended 31 March 2024 TNst•es' mponslbilitles ¥latemEnt The trustees {who are also "rectors for the PUFposes of company lawl are respons1• for preparing Ihe trustees. report and the financial stalernents in awdance wrth applicable and United Kingdom Accounting Standards {Unsted Kingdom Generalty Afxepied ACCou1n9 Pracbcel. Company law requires the trustees lo prepare fmancial stalement$ fof each finanrial year. Under company law thè trustees must nor approve the financial slatements unless they are sah"5fied th3t they give a true and fair view of the state of affairs of the charitable ¢xJmpany and of incoming iestsurets and appliealion ol resources, Iuding the income and expendi1¢. of ts charit•bJe company for thal period. In prepariro these financ4al ststements. Ihe trustees are requtf¢d to." sel8Ct surfat4e oUntIng Oioes and then appty them cC$1$tenlly.' ob5er¥e the methods and principles in the apph"Ca ChaNies SORP.. make ludgmènts and #C1n11J estimates that are reasonable )d pn1.. slate vthether aWicat4e UK accounting standard5 have been folowed. subject to any materi departures disc40sed and explained in the financ4al stement$. prepare the financial statements on thè goin9 ci)n¢em basis lesS it is inappropriate to presLwne Ihat the charilable company YMII contsnue in OPETatitin. Thè trustees are resp)nsibk for keeping adequat• acuuntsng Ihai th"$clo$e wth reasonable accuracy at any b.me the finanrial p05rtion of the charity and enable Ihom lo ensure that thè financial statements compty with thè Compartles Act 2006. They are also responsie for safeguarding the assets of Ihe chanty and hence for taking reasonable steps for the prevtrfion and detection of fraud and other iri*9ularrfies. Auditor Each of the person5 who is a ¢Jrector al the date of approval of Ihrs rtport ¢onfirms that.. so far as they are aware. there 1$ rn relevant audit ryrfonnation of which the charity'$ auditor 1$ unaware.. and they have iaken all sleps thal they oughl to have taken to make themsefves aware of any relevant audit informabon and to èstst4rsh that Ihe audttor is aware ol thal infomat•)n. The audiloT is deerned to have been re-aFoointed in accordan wilh section 487 of the Companies A¢t 2006. Sm•ll comp•ny provisions This report has been prepared takn.rtg advantage of the small companies. exempli) of section 415A of the Companies Act 20(.
Leisure Unlted Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (coJthiu•dJ Year ended 31 March 2024 Thè trustees. nal repjft was apwoved on P2..W..tr.2.4 trustees by-. . signed on behalf of Ihe board of Ar D J GaNa9her Ichaimanl Tnjslee
Lelsure United Company Limited by Guarantee Independent auditorfs report to the members of Leisure United Year ended 31 March 2024 Opinion We have audited Ihe financial slalements of Leisure Uniled {lhe'than the year ended 31 March 2024 which comprisè the statemènt of fin8nrial a¢INe$ lindudiThJ income and expendil¢Jre account), balancè sheet, statement of cash lIS and Ihe related notes, indudrng a summary of signffj3nl accounting policies. The financial reporting framewoth thal has been appl in th"r prèparation is ap1¢able law and United Kingdorn A¢counling Standards. induding FRS 102 The Financial RePo"n9 Standard applicablè in the UK and Republic of Ireland (Unrted Kingdom G•neralty Acwted Accounting Practicel. In ¢Jur opinion the finaTh> statements.. give a twe and fair view Df the stale of chawity5 aftairs a5 al 31 Marth 2024 and C1 its incoming resources and athicab.on of ftsoui¢¢$. indudin9 115 incrxne and expendilure, for the year then ended,. have been properfy yepared in acc¢ydance with United Kingdom Generally AcceFled A¢counting PTa¢lice', have been prepared in accorda the WLNrÈments ofthÈ CThnies Act 2((6. Basis for opinion We conducted our audit in aceordancè vMth Intemational Stsndards on Auditing (UK) IISAS IUKII and applicable law. Our res&M)nsiblilies under Ihose standards are further described in the audilorfs responsibilities for the audit of the frnancaal statements Sect of our report. We ale independent of the charity in accordance with the ethical requirernents Ihat are rvant lo our audil of the financial statements in the UK, including the FRC'S Ethul Stan¢Jard, we have lled our other ethical responsibilitses in accordance wrth these requifemtnt5. WÈ believe th the audit evKnce we have obtained is suificiènt and approate to provide a basis for ow opinion. Conclusions relating lo going cone•rn In audits.ng the financial slalemenls. we have cOrded that the Irusieè$' use of Ihe going concem basis ol accounting in the wèparatw gf the financial statements is appropriatè. Based on the work we have perfom)ed. we have not identtfied any matèrial uncèrtainties relating to events or conditions that. irtsltwdualty or conectivety. may casl svJnfficant doubt on the charty's abrlity to continue a5 a going concern for a pfrnod of at leasl twel morrfhs from when the financial statements are authorised for issue. Our fesp0ns1tsles and the responsibli rts of Ihe trusteè5 wilh respect to going conc•m are deser)ed in th• relevant secticS of this reporL 10
Leisure United Company Llmlted by Guarantee Independent auditorfs report to the members of Leisure United (¢onllnuedJ Year ended 31 March 2024 Other Infommtlon The olher information comprises the rnfom)alion induded in the tr¢Jstees annual report. other than the finanryal slaiements and our audilorfs reporf Ihereon. The Injslees a responsibk for thè othèr information. Oui opinion on the ffinanual ststements doe5 Th)1 cover Ihe other information and, except lo Ihè extwrt otherwise expliulty stated in our ieport. we do not express any fomi of assurance conclusbon thereon. In connection rwjr audit of the ffinanaaf statements. $[SIbIlIty 15 to read the olher infomiation and. in doing so. consider whelher Ihe other inf0mlat is materially inconststenl th the financial Statements Of our knowledge obtained in the audit or otherwise appears to be materially misstated. ff we identrfy su¢h maierial incon5iSien¢¢e5 or apparent material mi5sfatements, we are required to d•tem)ine véhelher Ihere is a material misstalemenl in the financial statements or a malerial mi5Statement ol the other information. If, based on Ihe Wofk we have perlormed. we condude that there is a material misstatement of Ihis olher information. we are required lo report that fact. Wo have nolhing lo repcHt in this re9ard. Opin5ons on oth•r matkrs prescrlb•d by th• Compani•s Aet 21106 In our Op10n, based on the woth urthrtth in the ciyjrse of the audit the infomiation given in thè trustees. repon for the year for whith the financial ststements are prepaied is Consistent wrth the financial stalemènts,. and the trustees. report has been prep¥ed in accordance aFWieable1¢gal requirements. Matt•rs on which w• ar• requlred to rèport by •xc•ption In the light of thè knowledge and understanding of the thwity and ils 8nNironmenl obtained in the ¢ourse the audit. w• have not identified material mr5$1atemnts truslees. re We have nothing to port in respect ol f01kn"n9 malters in relab.on to whi¢h the Companies Act 2(M)6 requires us to report to you rf, in our opinion.. adequate accounting rrdS have not been kept. or retums Jequate for OUT audit have nol bgèn re¢eived from bian¢hes not wsited by us. or the financi statements am not in agrÈ¢menl with thè acctsunting records and retums.. or certain disdosures of trustees, remuneration $pe¢ified by law are not made.. or w¢ have not rec¢ived all Ihe infowrnalion explanations we requKe for our *Jdit,' or thè tnjstees werè not enW lo prepare Ihe fin8nud statements in accordanee wtlh thè smaH mpanies regirne and tske advantsge of the smau compaTMP5' exempl10r in preparing thE directors. report and frorn the requirement to prepare a strategic pOrt. 11
Leisure United Company Limited by Guaranteo Independent auditors report to the members of Leisure United {¢onthts¢OJ Year ended 31 March 2024 R•sponsibiiltt•s of trttIes As explained more fulty in Ihe trustee5' responsibibtie5 Statemenl. the twslees (who are also thè tlirèctofs for the purposes of company lawl ale responsitk for the prewation of Ihe financial statements and for being satisfied tha( they give a true and fair view. and for suth internal control as Ihe tnjstees detemine is necessary to enable the preparntion ol finanGial stslements that we Iree from male11 misstatement. whelher due to fraud or error. In preparing the financ1 slalemenls. Ihe trustees are responsiNe for a$sessing the charity's abilrty to ¢ontinuè as a going concem. disclosiryJ, as apwicable, malt*s related 10 90ing ct)ncern and using ihe going toncÈm basis of aco)unting unless the tnjstees erthei intend to INuKlate the ¢harity or to ¢eastr operations. or have no realistic 8ttèmative Iwt to do so. Audltorfs r•sponsibllili•s lor th• audit olthe f•nancial statements Our objeclives are ts obtsin reasonable assurance about whether th¢ financial statements as a w)le are freè from material misstalemenl, whether due to fraud or èrror. and to issue an audilorfs report that includes our opinion. Rèasonable assurance is a high level of assurance. bLrt is not a guarantee that an audil conducted in accordancè wrth ISAS (UK) WIN ahvays delect a material misstatement when il exists. Misstatements can arise trom fraud or error and are considered rnateri if, indiwdually or in thè aggwegate, they could asOnab te expected lo influ•& th• ¢wThii¢ deu"$hS of users laken on the basis of thesa finan¢ial staièments. Irregularities. including fr81. are instances of noTrcompfnce with lays and règublion$. We desi procedures in line with our responsibilities, outlined al)ove, to detect material misstatemènts in rèspèct of irregularitie$, induding fraud. The extent to which ow procedures are Capab of detectbng irregularities, including fraud is detailed bdow". Enquiry of managernenl and those thafged wilh 9ovwnan¢e to confim Iheffj are no instsncos of fraud or D-¢0FIl0Th¢e wilh and wulalion5. Review of key accountirtg e$tim4tes, lo ensuTè reasonable and no siws of MageMent bia$. Review of disdosures wilhin the financ statelnenls and vouching Ihese to suppoth'ng doeumenlalion lo ensure compliance wth apiCable laws and regulab"ons. Performing audrt work over the risk of management overridè of control$. indudrng testing of joumal ¢ntries and other adJu5tmenls for appropriaieness. evaluating the rationale of SKant Iransacbons QLrtside normal course of a¢tivib'e5 arKI reviewing accounts esbfflate$ for bias. Because of the inherent limitatsons tsf an audrt. there is a risk thal we will nol detect all irregularities, including those leading to a malerial misstaltment in Ihe finanrial statements OT norComplIance with regulalion. This risk increases Ihe rne that complian¢e wrth a law or re9atIon ts removed Irom the events and transacligns reflected in the financial statements, as we will be bÈss k.kely lo become aware of instances of non-compliance. The risk is also greatei regarding irregulantiÈs occufflng due to fraud ralher than error, as traud involves in1ention COarMent. loigery, collusion, omission mi5representatTr. 12
Lelsure United Company Llmited by Guarantee Independent auditorfs report to the members of Leisure United (¢OMlnu•dJ Year ended 31 March 2024 A further descriptlon of our resp0ft5ibt'irties for the audrt of the financial statemènts 15 l¢xated on the Financial Reporting Counol's web$rte ai whvw_fr¢.org.uklaudrtorsresponsibtlfoes. This desciiption forms part ¢1 tsjr all1t0S report. U$e ofour roport This reptyrt is madè solèly to the tharity's members. as a body. in accordance wrth Chapter 3 01 Part 16 of the Cornpanies Act 20(. Our audrt work has been undertaken so that we mtht state to eharity's members those matters we ace required to state to them in an audrtorfs report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume fespon$ibilty to anyone Other than the charity and the charity's members as a body. for wr audit work. kn this report, or foi the opinion$ we have form8d. Mark Prodor FCA OchA (Sermor Statuiory Aj1{Or) For and on behalf of Lovewell Wake LLP Chartered accountants & statutw au(lit Bankside 300 Peathnan Vvay Bioadland Bu$in¢s5 Park NOl¢h NR7 OLB 1711212024 13
Leisure United Company Limited by Guarantee Statement of financial activities (includlng Income and expendlture account) Year ended 31 March 2024 2024 2023 Unrestricte fijnds Totsl funds Total funds Mote In¢om• and ¢ndowments Charitable activities Other trading actiwties Other inrne 6,074.074 2.413.443 38,312 6.074.074 2.413.443 38,312 4.059.799 1.529.602 17,191 Total income 8.52S,829 8.52S,829 5.606,592 Expenditure Raising funds Costs of other Iradirg adiths Charitable acliwties 11.177,109) {1,177,1091 {744,9981 16.511.372) 16.511.372} {4,369,513) 17.688.481) (7.688.481) {5,114,511) Total expend1r• Net income beforn tr•nsfer of funds 837,348 837,348 492,081 Sutu$ Iransler lo pwt 14 1750.0281 (750.0281 110,0001 N•t mov•m•nt in lun 87,320 87,320 482,081 R•¢onciliation of funds Total funds brought frn¥wd Totsl funds carrled fonv4rd 1.859,LlJ4 1.859,004 1,376.923 1,946,324 1.948,334 1.859.004 Thè statement of financial aLkn"b"$ irtludès all 9¥4ns and 1ts55es recognised in the year. All ineome and •xpendrture den.ve from ctinlinLring xbyibes. Th• notrs on pays 17 to 26 fomi wt of lh finanG6al statements. 14
Lelsure United Company Limited by Guarantee Balance sheet 31 March 2024 2024 2023 Not• Fixed assets Intsngible 8ssets Tangib fixed assets Inv•stsn•nts 15 118,914 70.858 .415 37.148 17 189.773 133,564 CunÈntassets Slocks Debtors Cash * bank arKI in hand 11 19 58.916 370,245 2.326.7( 38.211 143.788 2,137,443 2.755.867 2.319.422 Creditors: Arnounts falling du¢ wlthln on• year {999.316> (593,9821 Net ¢urr•Tht ass•ts 1.756,SS1 1.725.440 Tolal assets less Current liablliltes 1.946,324 1.859,004 Funds of th• charity Uniestricted funds 1,946,324 1.859.fJ)4 Total chality fisnds 21 1.946.324 1,859.004 These financial statèments have been prepared aCC¥rdar with the provisions applicable to companie$ subjecl to Ihe small companies. regime. These financial ststem8nls were approved by Ihe board of Irustees and aLrthorised for issue on ?? Nmrnbera)24 aThJ ace signed on behalfof the board by: Mr D J Galaghér (chaimnI Trustee Cornpany registration number.. ICKJ76004 Th• notes on page$ 17 to 26 forni part of thes• finan¢lal $l¥ternents. 15
Leisure United Company Limited by Guarantee ststement of cash flfms Year ended 31 March 2024 2024 2023 Ca$h flows from op•rntlng ae1ivlti•s Net income 837.348 492,081 Adjustnrents for Depreualion of tangible fix•d assets Transfer to parent 36.129 (750.0281 3.078 {10.CKJO) Changgs in.. Stocks Trade and other debtors Trade and olher creflrtors 120,705) 1226,4771 405.334 {30.454) {15.968) 223,889 Cash gen&rated from operab.ons Net cash from operaling acbwbe$ 281.601 662.626 281.601 662,626 Cash flows from investing •ctlvitl•s Purd)a5è of tangitAe assÈt5 Purchase of intangible assets Net cash used in veSting adiwties (69,8391 122.4991 140,226} 196,4151 1136,6411 192.3381 Net incrèase in tash and •quivalents Cash and Cash equivalents at beginning of y•ar Cash ¥Jnd cash equlvalents at end of y•ar 189,283 2,137.443 525.985 1,611,458 2,137.443 2.326,706 Th? on pag•$ 17 10 26 forni part ol th• finaneial $tstemerts. 16
Leisure United Company Limited by Guarantee Notes to the financial statements Year ended 31 Mar¢h 2024 Gen•rnl Inlomwknn The charity is a pU1C benefit entity and a private c4Jmpany limited by guarantèe. registered England and Wales and a règistered ¢hanty in England and Wales. The address of the registered office is SGP Graves. Bochum Parkway. Sheffield. S8 8JR. statement of complianc• The charrty nS"tUte$ a publ benefft enlity as deffined by FRS 102. The finan¢iai statements have been piepared in accordance wth A¢counb"ry and Reporting by Charities". Statemènt of Recommended Practice applicable to charfi"e5 preparing their accounts in accordance with the Financial Reporb"ng Standard applicable in the UK and Rèpublic of Ifeland issued in October 2019, the Financial Reporting Standard applicable in Ihe United Kingdom and Republic of Ireland IFRS 1021, the Chafilies Act 2011. Ihè Coffwanies Act 20C6 and UK Generalty Accepted A{UtIng Pr8¢tice. AoUnting policies {al Bajis of preparntion The financ1 statements have been wepar¢d ¢)n Ihe historical $t basis. The financi siatemem$ are prewed in sterting. which is the functional currsn¢y of the ¢Mity. Ibl Golng ton¢•m The financial statements have been prepared on a going coreM basis as the trustees believe that no material uncertainlies exist. The Irustees have ¢SleTed Ihe level of funds held and Ihe expecled level ol income and expenditure for the 12 months from aUthorin9 these financial statements. The budgeted income and expen(hlwe 1$ suifKa"ent with the bevel of reserves kn the charAy bè to able to ¢onlinLre as a going conrn. Thè charrt$ reseNes havtr wib.nued to increase followij the year end and trading throughoul the 2024125 season is anbupated lo be $tron9. {¢) Consolidation The charity is not required lo prepare consolidated accounts in accordance with the Chafilies Act 2011. as)d has taken advantap of ihe opts.on not to prepare ujnsolthted financial stslemertts contained in Sèction 398 tyf the Cornpanie5 Ad on the basis thal the ehanty and rt$ sub$idiary LdertakIng5 comprise a small grw). {dl Fund a¢¢ountin9 unStriCted fvnd$ are for use at the dI5On of the Iwsttes to fvrther any of the chari5 purposes. 17
Lelsure United Company Limlted by Guarantee Notes to the financial statements Year ended 31 March 2024 Ae¢ounling r¢vn¥nwd) l•) Incom• All income is inc4uded in the 5tatemenl of financial activities when tnb"tlement has passed to the charity. il is pfobable that the economic beneffts assocgated wrth the transaction will to the charrty and the amount ran be reliably mèasured. The follwng sp)ecrfic polioes are applied lo particular cat•goriè$ of incomp." Income frorn trading activilies indudes income earmd from #¢trvrfi$ lo raise lund5 for the (arity and 15 Tpcognr5ed when enlillemenl ha5 oLuirred. Income from tharitable a(Vit fftccrfn• earned from (arilable a¢tMties and 1$ renised when entdlement has cwjrred. lftcome from grants. whefe relattd to performance and SFecifK delivefables. are accountgd for as the chaTrty earns the right to con&deration by ils Fwformance. ffj Expenditure Expenditure is recognised on an acuuals bashs as a liabilty is incued. Expenditure indudes any VAT which nn0¢ be fully recovered, and is dassffied under headings of the sialemenl ol nancIal actnHti"•$ lo which rt r•late$: ExpetKliture on charitable actilieS irKludes all costs inwed by a GhaTIty in undertaking actiwties thal fvrther its tharitat4e aims for the benefft of ils benefficiaries. ind(Ing those svpport costs and ts relth"rwJ lo Ihe 9oveman¢e of the Trty apporfioned to charitablè actmlies. Oiher expenditure indudes all expendrture that 1$ related lo raising fvnds for the charity nor part of 115 expenditure on charitable actiythes. All costs are k¢ated to expendAure tegOrieS rellecting the use of the ièsource. Dir8Ct costs attn'butabie to a single actNty a auocaied directy lo that actiwty. Shared costs are apportioned Iwe Ihe activths they cwtitjute to on a reasonable. Mistifiab and ctinsrstenl basis. Igl Intsn9ibl• •ss•ts Intsngible assets are initiany recorded at wst. a1 are subsequentty ststed at cost less any accumulalad amortisation and impairment losses. Amortisalion wll be charged on the ffinalisth.on oflhe debdownert of the website. (h} Tanglble •¥sets Tangible assets are initialty recorded al cost. aThJ $seqUent slated at ¢o$t les$ any acMu181ed {Jeprecll0n and impaimpnt losses. lil Depr•¢ialion Depreualion is cakwl¥ted so as k) write off the cost or valualion of arh asseL less its residual value. over th8 useful rfonom Thfe ofthat assel as foThM.' Motor vehicles Equipment 33% straight line 33% 5tr4ht line 18
Leisure United Company Limited by Guarantee Notes to the financial statements Year endod 31 March 2024 Accounting pojickns li} Inv•slm•Dts Unlistsd invèstsnènts aré inihalty rècorded at C05t. and subsequenlly measured at la'r valutr. If fair value cannot be reliably mèasured. as$ds are measured al c4>5t less impairmenL Stocks Stocks a measured at the lower of cost and e5ts"mated sel%ng pricè less ttssts to cornplele and sell. Cost indudes all costs of purchase. c05t5 of conversion and olher costs Incurr in bringing the stock to it5 present bcalion and c(xthon. ) Flnoncial InslNments A financial asset or a ffinanual atl is recowised th when the entity b9Me5 a party to the contractual provisions ol thè instrumenL Basrc financial instfuments a initsaly recognised at the amount receivable or payabk including any related transaction costs. unless the arrangement constitutes a financing tran5acb'on. where it is recognised at the piesenl of the fLrture paymerts discount8d at a martèt rat¢ of interest for simlar debt instrument. Current assets and ¢xvrent liabiliiie5 are subsequenlfy Measur at the 5h OT other consideration expect to b¢ pahd ¢r re¢eived and not discounled. Limited by gu•rant•• The Company 1$ limrted by guarantee. kn the event of WdIj up, eath membw is liable to contribut• a sum not exeeeding £1. Ch•ritable aclivilles Unreslricted Tot•1 Fynd¥ Lth1e5tred Total Funds Funds 2024 Fund$ 2023 Pitch income Education incijrne Gym memberships Grant income 4,092.434 402.929 1.$52,361 26,350 4.092,434 402,929 1.552.361 26,350 2.955,832 302,334 801.633 2,955.832 302,334 801.633 6.074.074 6.074,074 4,OS9,799 4,059.799 Other tradlng athits UNeslricled Total Funds Unrestrthd Total Funds Funds 2024 Funds 2023 Calerin9 income Other trading income 2.301,345 112,098 2.301.345 112.098 1.438.919 90.683 1,438,919 90,683 2.413,443 2.413.443 1,529.602 1.529.602 19
Leisure United Company Limited by Guarantse Notes to the financlal statements Year •nded 31 March 2024 Other incom• Unrestrbcted Total Funds Uniestricted Total Funds Funds 2024 Funds 2023 Other inc(rfne 38.312 38,312 17,191 17,191 Cos1# of other trading activilies UnTeslrirled Totsl Funds Unrestncted Total Funds Funds 2024 Fund5 2023 Caterin9 costs 1.177.109 1.177,109 744,998 744.998 Expendliurn on Charltsbk aelivbti•¥ Total Funds 2024 Total Funds 2023 Unreslsi(tid UThTestrled Wages aThJ salafjes Rates and water Light and heat Repairs and maintenance Insurance Equipmerf purchase Telephone Other office costs Unrfomi Lic•nces and substriplions Advertising and markeling Support services Depreciation Bank charges Governance costs 3.883.349 243.573 861.489 387,955 81,551 3.883.349 243,573 861,489 387.955 81.551 63,263 32,968 217.140 7,181 218,143 180,077 81.375 36,129 198,829 18.350 2.733.883 141.5S4 471,271 252,463 5.276 29.828 29,480 153.540 2.813 159,469 121.308 134.520 3,078 119.958 11.092 2,733.883 141.554 471.271 252.463 5.276 29.828 29.460 153,540 2.813 159.469 121,308 134,520 3.078 119,958 11,092 217.140 7.181 218.143 180,077 81,375 36.129 198.829 18,350 6,511.372 6,511.372 4.369,513 4,369.513 Analysis of Gov•rnance costs 2024 2023 Audit fees Priof year over accrual Other non-audit serwces 17,8SO 16.300 {5,2081 500 18,350 11,092 20
Leisure United Company Limited by Guarantee Notes to the financial statements (con Year ended 31 March 2024 10. N•t incom• Net in¢ome 15 $tsled after ¢hwgintyluwling): 2024 2023 Depreciatson of langibl• ffixed ass¢ts 36.129 3,078 11. Audllors remuneration 2024 2023 Fees payable for audit 18.350 11,092 Oiher professional Services 345 12. St•ff cmts Tolal slaff eosls and emKAoy¢e btnèffts for Ihe reporting Feriod we analysed as fdlows.. 2024 2023 Wages aThY salaries Social security costs Employer pension costs 3.384.842 238,279 160,444 2,405,528 175,482 88,651 3,783.565 2,669,681 Self employed instrLXors 99.784 64,222 3.883,349 2,733.883 The aVere number of persons empksyed by the charity dufing Ihe year amounted kn 214 {2023". 159) The number of employees that received ernoluments in the folbxing band$'. 2024 2023 £60,000- £69,999 £9).000- £99.999 £110,000- £119.999 £120,000- £129.999 The key management personnel of the chanty comprise of the Managing Direclor, Director of Operations. Executive Ctsnsuttant, Head ol Finance and Re$our¢es and Head of Business Systems. The lotsl employee beneffts of the key management personnel of th¥ tharty were £578.871 12023.. £487,426 latIft9 to fve employees). In Ihe prTh the Executive Consultant aso proyided mana9effient consultancy services fewving fees lotatling £5.415. no consuhancy was provided in the Guirenl year. detailed on note 24. 21
Leisure United ompany Limited by Guarantee Notes to the financial statements (tMtiMI• Year ended 31 March 2024 13. Trustee r•mun•ration and •xp•ns•s other than that noted in note 24. Trj ommeralion or (Ah•r benefiis from emplgym¢rbt with the thaTity wer• recèived by the trustees. One trustee had expenses tOtalg E3.529 12ff23: £1.603} reimbutsed for tsavel aTrJ subsistence costs. 14. Surpl transfert• parent 2024 2023 Surpfus tr$f 750.028 10,OLKs At the year end the Trusl commrfted £750,028 12023.. £10,WO) to the parent company as conlritrwlion lowards adrninistratKyn costs incurred and sirthing fvThJs lo be established by the PaTent. 1S. Intan9iblo •ssts ebsite development Cost At 1 April 2023 Addrtions 96,415 22.499 At 31 N1h 2024 118.914 Amortisatlon At 1 April 2023 and 31 March 2024 Carrylng amount At 31 March 2024 118,914 At 31 March 2023 96.415
Lelsure United Company Llmlted by Guarantee Notes to the financial statements Year ended 31 MarGh 2024 16. Tangible fixed Jssets Motor v•hicl•s Eq4tlpn*nt Total Cost At 1 April 2023 Ail¢Jrts"ons 18,468 21,758 69,839 40.226 69.839 At 31 Marth 2024 18.46B 91.597 110.065 D•prtciation At 1 April 2023 Charge for the year At 31 Mah 2024 3.078 6,156 3.078 36,129 29.973 9.234 29.973 39.207 C•rying amount At 31 March 2024 61,624 70,858 At 31 March 2023 15.390 21,758 37.148 17. In¥Irtts Sharns in group undertaking ost or ¥4lu•tioTr At 1 Aprll 2023 and 31 M•r¢h 2Q24 Imparrnlont Al 1 April 2023 and 31 Mareh 2024 Carylng amount At 31 March 2024 Al 31 March 2023 All inveslments shown above are held at valuation. LSUre Unrted Entwwises Lirnrted was WKx>rporated on 28 March 2021. the ryny is a wholly owned subsidiary of Leisure United. The company has been d0Thl from date of incoOration lo 31 March 2024 and has net assets of£1 beJ"NJ ]. Share capjtal. 18. Stocks 2024 2023 Items for resale 58.916 38.211
Leisure United Company Limited by Guarantee Notes to the financial statements (eoDWowo) Year ended 31 March 2024 19. Debtors 2024 2023 Trade debtors Arnounls owed by group undertakir@$ Prepayménts and accwed irKome Olher d¥btors 59.523 301,318 98,164 45.604 370,245 143,768 20. CTrditoTr:.Amounts faling due wSthin one y•ar 2024 2023 Trade credilors Amounts Owed to group undertskings Social security and other taxes Accwals #nd defeThed incorne Othef creditors 373.779 187,216 7.436 los,)7 281,324 12.099 84.812 517.897 22.828 999.316 593.982 2024 2023 Oeferred income brought forwaTd Released durin9 the year Deferred dLrriThJ the ye¥ Deferred income caffied forward 52,480 110.7711 114,( 16,890 116,8901 52.480 155,709 52,480 Deferred income relates to lunds tived to be offset against fubjre costs of grass pitch mntÈnan¢e 8nd a li¢en¢e fee pwd in advance future penods. 21. An1$ of charltsbl• lunds At 31 Mth 2023 Surplus At 31 March twsfer 2024 Income Expenth"iure General funds 1.859,004 8.525.829 17.688.481) (750.0281 1,946.324 Yèar ended 31 March 2023 At 31 March 2022 Surplus At 31 Mareh transfer 2023 Income Expendit General funds 1.376.923 S.6C6.592 15.114.511) 110.000} 1,859,004
Leisure United Company Limited by Guarantee Notes to the financial statements ¢tie Year ended 31 March 2024 22. Analysis ot n•t a$ts b•lw•en lunds Unrestricted Totsl funds F1$ 2024 Fixed assets Investments CuTTenl assets Creditors less than 1 year 189,772 189,772 2.755,868 2.755,868 (999,317) 1999.3171 1,946,324 1.946.324 Y¢•r ended 31 Mar¢h 2023 Unrestricted Total fvnds Funds 2023 Fixed assets Invèstments Current assels Creditor5 less Ihan 1 year 133.563 133,563 2,319,422 2,319,422 1593,982} 1593,9821 1.859.004 1.859.004 23. Analysis of chang•s in n•t d•bt At At 1 April 2023 Cash fl¢)ws 31 Mar¢h 2024 Cash at batsk and in hand 2.137.443 189.263 2,326,7( 2S
Leisure United Company Limlted by Guarantee Notes to the financial statements (cunWrn•dJ Year ended 31 March 2024 24. R•latsd partl•$ During the UJTrent and previcS ygar folh)win9 related party transaclions were underlaken.. The Trust received administratw ar¥J management $upwt frm) DGEMS Ll¢J of which Mr D J Gallagher is a director. 2024 2023 DGEMS Ltd Administfalion and management support 26.OCQ 18,0 The Trusl received administralim and rnana suppryt in the 0T year from SQ1 Managemgnl whith 1$ olled by Mr W Oryner(MJ (Exeojtive Consuttart ofthe Trusv. 2024 2023 SQ1 Managèment AdmirN$tratn arKI management swort 5.415 The Trust received m¥rkeb"ng support frrAn Blue Dawn Pictures whicth is controlled by a close farnY member of the key management pprsonnei. 1024 2023 Blu• Dawn Picturns Marketing support 21KJ 25. Ultimat• parent Company The imrnediate and ullimate parent Company of this Company is The National Football Trust. a registered charity {11848251 and a company limited by guarantee {115355261 registered in England and Wales.