Charity reglstrallon number 1190095 LEISURE FOCUS TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
LEISURE FOCUS TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trnstees Ms S J Ansliss Mr T J Wheèler Mrs N Dutton Mrc Joyce Mr S Franks Chalr MrA Moorohouse Charfty number 119J095 Prf1Pal addr•ss ndsor Leisure Centre Stovell Road WINDSOR SL4 5J8 Audltor Crnjfurd Hale Audit Servicgs Limited CIO Craulurd Halé Group Ground Floor, Arena Court Crown Lane MAIDENHEAD SL6 8QZ
LEISURE FOCUS TRUST CONTENTS Page Trustees report Independtrnl auditofs roport 12-15 Slalemenl of ffinanci81 aclivrties 16 Balance sheet 17 statement of cash flows 18 Note$ to the financial statements 19-31
LEISURE FOCUS TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance wfth the accounling policies sel out in nol8 1 to the financial statements and comply with the charity's governing d0Ment, the Charities Ad 2011 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their account5 in aOrdance wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Objectlves and actlvhlgs The charity* obpcts are as foll¢)WS'. .To ensure the safety of all vi511ors and staff that use our siles .To communicate wth local stakeholders and engagé all members of our i(Kal Gommunty into an active lifestyle •To increase visrtor numbers year on year through innovative programming .To Marge thè eounul's assets lo mmiSe the benefits of sgrvi¢o$ Our mi$$ion$ and valu•$ Our mlsslon To provide excellerrt serv and value to tha communiti8s which we serve. Ourvalu•s In every role, across eVY site, our staff are the'face, of Leisure F¢xus. TOther, we.. .Focus on the Customer •Approach everything systematically .Collaborate to achieve .Exceed expectation The trustees have paid due regard lo guldance issued by the Charty Commission in deciding what activities the charrty $Uld undertake. Public Ben•fit The trustees have considered the guidants offered by the Charity Commission on publi¢ benefit and are confident Ihal the objectives of the charity, as stated abovè. fall under the purposes defined by se¢tion 17 d the Charities Acl 2011.
LEISURE FOCUS TRUST TRUSTEES REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Introduction The annual service report will provide inlormab'on on the cenlres operaled by L&i$ure Focus within the Royal Borough of Wndsor and Maidenhead IRBWMI. The contract commenced on the 1stAugus12020. Indsor Leisure C•ntre- FarAlilies Sn¢lude'. 150 Station Gym 25m Swimming Pool LeamgrlLeisure Pool All-Wèath&r Pitch Heahh Sutte Court Sports Hal The Avenue Café 3 Group Fitness Studios Gioup Cyding Sttjdio Braywick Leisure Centre- F111[1&$ indude: 150 Sialion Gym 2 Group Fitness Studios 2Sm Swimming Pool Leisure Pool Outdoor Courts 4G & 3G All-weather Pil¢h Heatth Suite 8 Court Sports Hal Theatre Squash Courts The Avenue Café Meeting room Golf MulatOr room Charters Leisure C8ntre- Facilrlie$ indude.. 48 Station Gyrn Group Exerc4se StudK) 4 Tennis Courts 3G All-Weath8r Pitch 4 Court Sports Hall Squash Court$ Cox Green Leisure Centre- Farjlitles Indudo.. 42 Station Gym Group Exercise Studio Weather Pitch 3 Tennis Courts 4 Court Sports Hall Boxing room Furze Platt Leisure CÈntre- FacililOe$ Include.. 60 Stalion Gym Group Fiines5 Sludk) 3G All-weather Pit¢h 4 Court Sports Hall Tennis Courts
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AGhièv•m•nts and perfomiane• The servKe peiiod was from 1st Apftl 2023 to 31st March 2024. 11 was the Fourth year of the partnership vjith the Royal Borough of Mfindsor and Maidenhead IRBWMI- The Fourth year ofthe pattn¥rship ran from 1stAugust 2023 to 31st March 2024. The Trust faced trxlomal risk that ¢hallenged thè busines8 finan¢ialty. with record inflation rates and continued high utility sIs, the cost of liwng crisis impacled consumer spend. The trust enabled new Strategies to drive down utility consumption and ensured the pdud offerirvJ was aitraclive and affordab for our ¢ommunity. During this service period, the key hhlIghts were the redevelopment of the ndSor gyrn to the Windsor club, th¢ growth in the swsm lesson programme, the Continued growth and partnership building within our activ$ communilles programme and the events dweloped because of th8 partnership built. Over811, Ihe Trust ended Ihe seN¢e p10d with an established stable fin8n¢ial and oper8tional poSitn that wi support the mediurn and longer tenn fore¢8$1 of the trust operntions. In the service period 181 April 2023 - 3151 Mar¢h 2024, the Trust foeussed on continued business growlh from 81gnificanl farits'ty investment including Mfindsor Lwsure Centre gym and business diversificabon which included activities such a5 juntrjr nelbèll das8es, group exercise dasse5 for MeMr$, $pgcial pool p8rti&s and new menus the cafes. Events Leisure Fo$ expanded the event programme with a range of 5POrting and culbjral events taking place throughout Ihè sgNce period. One particular highli9hl was hosllng the widety regnIsed Cornic-con. altracting 0r 10C sitors. Environmèntal Mana m¢nl Leisure Fo¢us had a real fow$ on edu¢ation and awareness on the suslalnability goals for sl8ff. Aloro with aGquisilion ol stark ID and CHP efficAencies Saw 100h consumption reducbon. Swimmin Lessons Continued growth of the Swimming lesson programme. In¢rgasing participation by ov8r 4(Ki morè swimmers. H alth & Safe Laisure FottJ8 is in the pro¢es8 of IS014001 aixredltation lo fvrther fecognise Ihe strength of our health and safety 8y$tems. Children'sActiwtie5 Introduction of VR gaming lo Braywi¢k Leisure Centre has p¥ovided new attractions lo ihe community. The trust ha$ prowded more ath"vities during school holidays with inflatable aqua runs and bounce and lay sess•)ns. Supplem&ntad by our core business acliwlies such as leisure $wm. holiday camps. parties and roller fs. Trainin Partnershi New partnership sol up with ways into work. Al¢ng with working wilh extemal training provider Lifelime, the trust now has over 10 appr8nticES and 3 ways into work stheme employees. enl Leisure Focus has grown ils sports developTh*nt offering wilh nelb811 dasse5 beginning al Furze Platt and Wlrhysor. to go alongside those aclwititrs already up an¢J njnning, hag seèn the development of classe5 within the active community programmes #nd hosting events in partnership with London Irish.
LEISURE FOCUS TRUST TRUSTEES REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 So¢lal Medla and digital The trust continued lo inL¥ease Facebook sub5uibers, and sel up nèw platfomis on YouTube. Instagram and Snapchat. The trust provided morè edutainment conlenl to all the users. During this peiiod the Leisure Focus a gained increased user. reachirtrj over 10,000 users. National Canwaigns Another succ8ssful delivery by Leisure Focus wa$ on the national campaign of the 'DrownSng Prevention, week., also known as the Waler Safety Campaign. It Is supported by Swim England and the Royal Life Sawng So¢i¢ty IRLSSI. The ¢ampai9n helped eilucate children about the dangers of swimming in open water Such as lakes, rfvers and instead lo swim in safer environments, such a5 their local swimming pool. Information was shared with all loc schools with the opptsrtunity for Leisure Focus staff to deliver presèntations. Availability and s•rvic• Opening hovrs during 2024.. the c8nlres have operaled as per the conlrgct OP8ning hours h•dule. Activity Programmlng Leisure Focus has delivered a wide and varled programmg 10 ansure the key perfom)anae indicators of the contract are mel. The programm&s have maxirnised usage of all facilrfies within the scope of the cenlres. The timetable continuas to operate flexible, imaginalive and v8ried activities woth easy access and trquipment for all se¢tions of the comrllunity. Lèisure Focus has operated a number of corporate and local promotionslinltralives aimed al raising awareness and incrnasry parlieatiOn, examples can be seen below. Gym A number of Promotions have been operated throughout the yoar to raise awareness and increase opportunities for P8rtiapalion in the frtness studios and includ¢. Refer A Friend, and VIP passes. A nèw refugee membership was sel up, with the initial months being discountert to provide opportunty for the refugee Community lo exeiu5$ wilhout barriers. G•ner•tion8 Junlor Gym Access continues lo be a popular acliwty acr055 the 5 ¢enlrès. The sessions offer supervised fftness suite a¢¢es$ for those aged 1>16. Sessions aim to improve rrtness, encourage physical 8divity amongst young people, reduce childhood obesity and promote scaal inloradion in a posibve gmiironment. Group Fitn•s$ The programme offers over 200 das5es per week across Ihe leisure centres. Ad3pling naw innovalfve dasses lo the programme, such as slretrh and strength and empowef the classes. Junior Spoyts A numbei of s¢ssioThs werè addad to the schedule, inlroduang mofy netball. more bounre and play toddler sessions arKI expwding the home education activty programme. In addttion, n8w slots were made availabl& to support expansion of existing dub5. FANS The FANS scheme IFiee Access for Nallonal Sp)rtspeoplpl - 5 athl8t9$ used the f8uliti.es free ol charg• lo help theirlralning, compared to 3 Ihè previous y&ai. GP refeTrnI The exer¢ise referral scheme operates from Wndsor and Braywick Leisure Centre's and indudes a programme of presuibed gym, swim and aerobic activities with ongoing support from 8 fLJlly qualified fitness profeSOnal. Thè aim of the scheme is lo encourage, educate and improve regular participation in physical activity in pa.entS who are at risk to the development of diseasè and disability. The programme 15 popular with group exerase das5es also operating to compliment the package. Woiking wittt publi¢ health and school nurses the GP referral team have been working to expand referrals to exer¢tse. The GP refeN¥l scheme continued to develop with the incwsè in cardiac dasses acTOSS Windsor and Maidenhead. Events Promotion of Events that performed to a collgctive audience of over 19.OCH) in the sètmca pefiod. Shows induded concert perforniances, bodybuilding, fitness Èvents, famity acb"vilies, children entertainment shows, dance $hows, pantomime, wrèstling events, martial arts, alhleb'¢s events and a numbèr of presentslions and faith meetings.
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 School Swlmmlng Leisure Focus works in partnership with Swim England lo providè the swim programme that Caters for all abilities and ages. The Swim Coordinators are dir8clSy targeting schools to offer asSiStsn and highlight the school swimming project to help reduce Ihe percentage of no swimmers in th& area. Swimming The Swirn less prograrnrne gives real value for money with quality leaching and addititsn81 free swimming lo 811 children on any visit to our facilities lo &ncourage p8rtitripalion. All members on the programme can benefft from unlimited swimming at txilh Wmdsor and Br8ywick during all public swimming lim95. Pricing Leisure Focus conducts an annual price review. Each year, proposed priang structures are submitted based on the current wn$umer market and local deman¢J. Core prices for the service period are presentèd to the coundl for approval. Pfice rise$ are based on Sept RPI. in advance of January. Leisure Focus works very ckssety with RBWM in targèlinu disadvantsged groups through ¢oncessN8ry priang. Groups largglgd indude.. Public swimming lover 60s swlmming Filnes$ studio usage Sport parti¢ipation Junior activities Wom8n and girl$ Medical referrals Dlsabled user groups The use of promotions and voltchers were also implemented to encourage pathcipation and include: Facebook promotion and aWane$s. Attendce at lo¢al events Partnership with local partners in the town cenlres Online trial memberships and online passes. Online memberships for Swim and gym Open days held at the leisure centres. Annual promotional offeis for swirnming and gym membership. Group fitness offers. Free days passes to trial the fftness and studio FXOgf4mme. New Famity m¢mb•rship offering value for rnoney for families. Option for a fixed orflexi membw5hS to promde more options lo cuslornei5. kend and qijiet period adivtty promotions Fre8 taster $essions to encourage Partiapation. 'Referral' promotions - through existing members referring new members they arè rewarded for Ihelr byalty with a number of prizes Summer promotion forjunior and student mgmberships Promoth)n for junior all we¥ther pitch football u$8. Drowning Prèvention water Campa1-,$Urnrner offers..
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Health and Safety Leisure Focus continues lo report monthly on all matters relating to heatth and safety. Wth improvements through digitsl InsfOrmatIOn by moving inspection checklists from paper to electronic. with particular focu5 on automati. Throughout the service period there has been extemal and internal audits carried OLrt. which have reported a positive cutture on health and safety. Inlem81 six-monthly health and safety audits were also carried oul and rospective a¢b"on plans developed. These plans are rwiewed every six months al the sile$. health and safèty committee meetings. During this seNco peT¥Jd the Ilust has progressed further to the final stsges of IS045001 as part cif the accreditation process. There ha$ been continual 1nstrftent in training for all employees, en$uring key personn81 are ¢ompelent and qualified in heallh and safety. Wth Duty Managers from each sile attending a 3 day IOSH rnanaging 58fety urSe. The onlne training via Human Fo¢us, flow and $8fèguarding e-leaming has further Improved by releasing an addilional 4 training modules for oui s18ff. The Instittjte of Qualrfied Lifeguards (IQL) training portal is an online management tool to SpOrt tha sites operation delivery ond record keeping of lrfegu8rd trainln9 competencies. The start of 2024 saw ongoing staff training rnoved to the new Ta-da digital platfomi provided by IQL. Monthly, the General managers report and an8tyse trends at site lgvel. which is discussed al their department metslings. The electronic accident and incident reporting system has provided a comprehensNe template for the reporting and moniloring of •¢¢idents and incidents. The Chief Executive. thè ComFliance Mana9er. and Contr8Ct Manager with Gengral Managers monitor signifiwil accidènt reports and trends. Equipment All equipment 1$ maintained through the Planned Preventative Maintenance schedulè IPPM). Throughout the service period. contractors and suppliers have been reviewed to ensure equipment seNlcing and maintenanco is carried out in a timely manner. MONTHLY PERFoRNcE Cu$tomer Fg•dback As a means ol measuring Customer satisfaction, each centre actively encourages direct int8rnal customer feedback through verbal cornmenls, through Ihe websilg Ivhvw.l0i5urefocus.org.ukl and direct emall. Umbrella inslght Leisure Focus has a proadwe approach to ¢ustomer feedback. In addition, the managgmenl team aclNgly yather. monitCK 8nd report on customer feedback each nwnth. There are many ways cuslorntrrs can provide us with feedback. induding.. Completion of a customer comm&nt card Speaking lo a member of slaff Writing to the managers Making a verbal ¢omment at receptp)n Leisure Focus Facebook pages Emailing the centre Leisure Focus Twitter p8gos Leisure IuS is part of Urffi¢iaI group5 and forums to actively seek feedbadt. During the service period we have Commissioned an exlemal agency Its complète independent mystery shoppèr vlsivreports proMdin9 ¢omprehen*vè infomialion about email responses, 18iephone calls and tours of the lei5uro centres to understand better areas for improvement %th regards lo engaging with customers and imprwng ustomer serwce level$. We have developed our post joining email ¢ampaign for custom&rs, to capture greater detail on their experiences and lo ensure they are effe¢tNety using thèir mèmbership.
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Cl•aning Daily monitoring is ¢arriad out in all aieas to ensure the cenlres confom lo the cleaning standards. Al rolas are under constant review to ied•ploy resour¢es èffèctivè and effityenlly. The digital tran5fonnalion with electronic chèck sheets has allowed greater transparency 8cross the organisation and irnproved task resolution Ix)mpletions. Leisure Fo¢us works closely with RBWM to ensure the d&aning standards are adhered lo. This is completed through regular unannounced elèctèd members and dienl wsits, internal quality reviews and use of mystery shopper Vlsrts for ntInuOuS improvement. We continue lo rewew dèanliness da1 and rovi8w deaning rÈgimo$ and staff roias lo redeploy staff effectivety, based on demand. Monthly L•lsuf• Rgport Each rnonlh LeisLwe Focus issues a comprehensivÈ update to the RBWM contract manager. Thes$ updates are delivere<1 during th& contract management monthly pèrforman¢e monitoring meetings". The monthly KPI'S indude.. Acudents and Incidents Attendance Membership collections arketing and Promothon SaNice Improvement aintenance and Monltoring Health and Salety Planned Preventstive Maintenance Dwing the monlhty meètings. the RBWM contr8Ct manager monitors &a¢h ntre lo ensur& ¢ompliance vthh I Contra docurnenlalion and stsndords 8xpe¢te<l. ANNUAL PERFORMANCE Customer U$ag• During the Teport period there were c5r¢a 2.5 mS11ion visits mad¢ to the centr8s managed by Leisure Focus. GP Referral Al the end of 2023124. there were 115 members registered to the GP refra1 scheme. The s¢hemè restsrted Ihroughout th8 service peri¢d. Cuen11Y there are 26 surgeries and refeir81 centros across the Borough. Parlnernhlp Worklng Partnetship th IOS to deliver a nurnber of industry qu81ificalions induding Level Ong and Level Two Swim Teaching, and Po(A Plant Operators courses. Jrking in partnèrshlp wth Gym Flex largetSng co)rate buslnesses and employees. Partnership workiNJ with dubs to provide signpo$tlng and pathway for customers lo access dubs. On going development of the safeguarding ¢h5Jr¢n, vulnerable aduts, ènhanced further with Leisure focu¥'8 eLpaming $afoguarding module purchased. Capital inv&stment to improve and upgrade facilitiès and equipment in general via partnership wAlh RBWM for example the Wndsor dub devtslopment. Development of onlin• training %lh Human Focus that ulilises an online video based training system to gnsure a higher consi$l&ncy and quality of stsff training. Further partnership w01ng with key extemal slakeholders i.e. National Goveming 8odio$, yOLth services, primary care tnjsts, police and care facilities. Devèlopment of marketing material to promote and create gr8aler awareness of the lSUre cenlr&s' serwces and implementation of social Tnedia as a marketing plarform. Wor1(ing in partnership with the dual use schools lo reduce energy D)nsumplion. Continue to monitor trends Mthkn the industry.
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Leisure Fo¢us remains committed to redurAng its carbon footprint. Throughoul Ihg year there has been continu focus on the following key objectNes". Planted a tree lor avery gym mèmbèrship sold in May Continued to monitor smari meter data to review consumption and identify best practice Energy surveys have reviewed lo make improvements in eneigy management and carbon redUctn Cafè opèrations changèd products to reduce plaslics Inlemal action plans for energy managefflerit Carried gul owrnighl aLbJits for ¥nergy consumptoon Tho training includes NaOnal Pool Lifeguard Qualification modules to m8inlain the Ilfeguard qualific81Ion. Leisure Focus has also delivered a number of tr8lning sesslons for its staff 8¢ross the contract including.. Customer service training Health and safety training HLwnan resource training Hurnan Focus training Fir• warden training Sales training Booking systems & online booking training Diverstty and equality Irainlng Finance and budget trainlng Health and safèty training Social media training Safeguaiding training Lifeguard behaviour training Future Develowi•nts In 2024, Leisure Focus Trust has embarked on significant inf(iatives lo enhancg i($ $8rvice offerings and community engagement. We have developed the wnenu al Braywith lsure centre olFering 8 new hot o)unter option. We will be investing in gym equipment across the Dual sites. To continue our sustainabilty projg¢t we will continug to Iransfer our flood lights to LED. As part ol the procurement process for the new contract commencing on 1st April 2025 for a perd of 15 years, LeiSUTe Fo¢us has presented lo RBWM the future dev8lopments for all the site5 across the Borough. These indude the development ol the gym at Braywick to Ihe Braywick dub includin9 adding a mezzanine floof, the StallatIon of a soft play f80lity, the development ol LF now al cox 9regn lo IneaSe ts oning hours. Furze Platt and Charters leisure centre with new flooring and new gym equipment. A notBble development 1$ the establishment of tsyo subsidiary eompanies.. Get In FoS Medla 8nd Thaam (operating name TDSSI- Get in Focus Media 16 8 now venture aimed at enhanciny the Trusvs communicati¢Jn $trategies and community oulrea¢h. This subsidiary focuses on prod1Th3 high-qU81ty contènt lo promote hearth, wellness, and active lifestyles within the community. By leveraging modern rnedia platforms, Get in Focus Mla seeks lo infftase awareness of tha Trusfs programs and services. th¥r8by encourdginy grèater eommunty pa¢1patIOn. as well as work with partn•rs on new camp8igns In October 2024, Otympic charnpion Tom Dean inaugurated the Tom Dean Swim Schools ITDSS) project al Braywick Leisure Cèntre in Maidenhead. This iThtialive aims lo support cornrnuni¢y centers nalionwde by providing accessible and affordabl8 swimming lessons. The program is designed lo cater lo individuals of all agps, with a particular focu5 On children frorn undarpriwleged backgrounds. In partnership with Ihe Royal Foundation of the Prince and Princess of Wales, the pmiect offers 1.000 free•tO-learn swimming pad(ages for chiklrèn. The Swim Sthool $¢$$ions are beg rolled out at parlicipating leisure cÈntres and community pools across the County, with an ambitious goal of enrolling over 12.OCQ p3rti¢wants by the end of the year. Potsntial Rlsk to the Bu•in•ss One ol Ih? main potential risks lo the operations of Leisure focus 1$ thè ongoing uncertainty regarding the Cost of living crises, whether this will affect the customer spend within the leisure eentres. 50, Ihg pricè inL¥ease on suppliers whrch will in turn ¢re¥se expendrture on the trust. There has also been uncertainly Iarding the cost of ulllities and ensuring we gst the b8s1 prit* availabl8 across all the sites.
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Golng concèrn The Tnjsl reported a BUU8 for Ihe year of £267,53412023.' £366,778). Al th8 balance sheèt date the Tru81 ha unStrIcted reser 01 £1,270.31712023: £1,002,783). Follcwing a tendering prows with R8W. a new service ¢onlract has been award&d unlil at least 31 March 2040. The tnjst has also seciired a 20 year contract lo operate fvlure leisure ¥¢tiviti8s al Newlands Schoot. This started operations in January 2025. There continues to be an increase in growth in gym membership and swimming lessons as wel as block bcokings for astro prtch and Court hire. The Iruslees have reviewed th8 latest financial infomialion and prepared forecasts identtying all known contractual cash mMItmentS to 81 lèast 31 March 2026 and compared this lo current cash holdings. Th¢ trustees have nc)t idenlrfied any going concem ¢ondilions in theii reviws Ihat may impact on lh• going con¢em assumption used in preparing these financial statements. Based on thèse budgets and lorecasls. and results for the past 12 months, the trustee$ 8rÈ eonffid8nt that Ihertr is adequate fijnds to continue operations a5 w¥ll as to lund lulure davelopmenls which will assist in the furtherance of the Trusts charitable obje¢119. Based on the above, the trustee5 have ¢xJnduded that there are n¢ material uncertaintitr$ that lead lo significant doubt upon the Trusts ability to conlinue as a going concem and therefore the truste8$ b8liave that il M01nS appioprialè to prepare the financial statements on Ihe going nCeM basis. Flnancial r•view The total inc4)me for the period was £10.495.357 (2023.. £9,854.82n. Of this, £9,524,26712023.. £8,946.816) was recèived with resped to the charitable adivities of the charrty su¢h as filnesslcentre membersh1$. faulity hire, swimming courses and pool hire. Total resouicgs expended were £10,227,82312023.. £9,488,049). The exptrnditure t)n charitable activrties was £9,151,98512023.. £8.657,0941 The rnain cost of the charity werè salary costs whlch lotslled £4.017.832 12023.. £3,729,884) for the p¥riod. The resulting net movement of funds was a surplu$ of £267,53412023.' £386,778). R•s•rv•s poli¢y It is the policy of the Trust that unrestricted funds which have not been designated for a speufic use should be maintained al a level equivalent lo between Ihree and six month's expenditure. The Iruslees consider that raserves at this Ve1 will ensure that, in the event of a significant drop in funding, they will be able lo continue thè Trust's current activities while considgration is given to ways in which additional funds may be 18ised. This level of reserves h8$ beèn mainlained throughout the period. The Trustees have designated £564,177 of the rostiicted funds lo be used on future developments of the ¢enlre& The Trust 1$ currently receiwng quotes for the development that will be ¢arrlet1 oul on the centr&$ ovar the next 12 months. Leisure Focus Trust plans lo continue to gr and look to In¢rease its portfolio with resp8ct to the number of sites that it manages. Following a tendering procèss with RBWM. the Trust has been awarded a new service agreement to at least 31 M8rth 2040. Stru¢turn, govgrnance •nd manag•m•nt The Trust is a Charitab incorporated organisalion registèred with the Charity Commission. The Trust was incorporated on 24 June 2020 and began ks operations in August 2020.
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Thè trustees who s&ed during the year and up to the dalè of signature ofthe finanual stalernents were.. MrA Moorehouse (Chaiil MS S J Anstiss MrTJ @S1Qr Mrs N Dutton Mr C Joyce Mrs Fra$ All Iruslees give their lime voluntarily and receive no beneffts from the charity. The Iruslees are hNJhty motivated lo ensure th81 Ihe Board has the necessary spread of skills and expertise lo ensure gwd governancè. Thg recruilrnenl of the trustees Is carrfed out by Ocean Edge who have been appointed lo manage th¢ recruitment process for Leisure Fo¢u$ Trust. They prepare the requirernen15 and than advertise thèm. From her8 the existing Trustses then shorllist the appli¢ants. There is w induction process in place for new trustees and ongoing training to ènable all trustees lo keep up lo date with changes in regulation andlor good practKe. None of th8 trustees has any beneficial interest in thè company. All of the Irustees are memb&rs of the Trust and guaranloe to contribute £1 in the event of a winding up. stst•ment of tru8tèe8 MponsSbllStl•$ Thè trustees are responsible for prepaiing th• Trustees Report and the finandal slalements in accordance with appli¢able law and United Kingdom A¢eounlln9 Standards (Unitéd lfjngdom Generally Accepted A¢¢ounting Pract*e). The law applicable to chartties In En9land and Wales requires the Iruslees to prepare financial slatèmenls for each financial ye8r whlch gi a true and fair wew of the slate of affairs ol the charty and of the incoming resources 8nd application ol resources of the charity for that peTlOd. In preparing these financial statements, the Imstees are required lo.. selèct surtable acwunting policies aThJ then apply them consistenuy: obsetve tha methods and principles in the Ch8ritiès SORP., - make judgèments and eslimatss Ihat are reasonable and prudent- state whether applicable accounting standards have bgon followed, subied to any material departures di5ch)sed and explained in the financial st8lements'. and prepare the fn8nual statements on Ihg going concem b8$i$ unless il is inappropria19 to presume that the charity w'll continue in operation. Irw%tees are responsible for keeping suffiuent accounts'ng rewrd$ that disdose wrth reasonable a¢¢uracy at any lirne the financial position of the charity and enable them lo ensure that the financial $181ements compty the Chantiès Act 2011. the Charity (Accounts and Reports) Regulations 200S and the provision5 0fth• trust deed. They are also responsible for safeguarding the assets of the chariiy and hènce for taking reasonable step8 for the prevenlicfi and detection of traud and other irregularities. 10-
LEISURE FOCUS TRUST TRUSTEES REPORT ICONTINUEDI FOR THE YE4R ENDED 31 MARCH 2024 Disclosure of ivformat5on to audttor Each ol the Irust8es has confirrned thal Ih8m is no Infoation ol which they are aware whh relèvanl to Ihe audil, bul of which the auditor18 unaware. They have further confimièé Ih8t they hsvÈ tAken appropriate step¥ to Idenlrfy such relevant informauon 3mJ io eslabllsh that the auditori$ aware of svsh lD[ma'0n. The trustees (¥tWaS 8pproved by Ihe Board ofTwustee¥. MrTJ Wheeler TnEBt8
LEISURE FOCUS TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF LEISURE FOCUS TRUST Oplnlon have audiled the fiAan¢ial sl8t8menls of Leisure Focus Trust (the 'charity'l for tha yaar ended 31 Maich 2024 whi¢h comprise the statement of financial actiwk'es, the balance sheet, the statement of cash flows and the notes to the finan¢i41 slatemenls, including significant accounting policies. The financial reporting fr8mework that has been applied in their preparation is applicable law and United Kingdom A¢¢ounting Standards. including Charities SORP Accounting arYJ Réporting by Charities." Slalement of Recommended Pra¢tice applicable to charitS preparing thelr accounts in acc¢xdan¢o with the Finantyal RrtIng Standard appli¢èble in the UK and Republ of Ireland IFRS 102). In our tspinion, thg financial statements-. give a true and fair view of the state of the charity's affairs as at 31 March 2024 8nd of its ncuning resources 8nd application of resources, for the year Ihen ended.. have been property prepared in accordance with Uniied lfjngdom Generally Accepted Accounting Practiee., and have been prepared in aceordance with the requirements of the Charities Ad 2011. Bagis for opinion ¢ondud8d our audit in acrdance wth Inlèmalional Stsndards on Audf(ing IVK) IISAS (UK)) and ¥p1¢ab law. Our responsibilities under those standards are further ¢Jescribed in Ihe Auclitorfs rnsponsibliilies for the audrt of the finan¢i41 stat&menls section of our rèport. We are independent of the charty in acrdanCe with the ethi¢81 requirements that are relevant to our audtt of the financial slalemènts in the UK, including U)e FRC'S Ethical Standard, and we have futfillad our other ethical responsibilities in accordanca with these requirements. believe that tha audit evidenco wè have obtained is 8ufficignl and appropriate to prode a basis for our opiniot). Coneluslons r•lating to golng roneem In auditing the financial stalem&nt$, we hava condudad that the trustees usa of the going con¢ern basis of accounting in Ihe preparation of the financial statements 1$ appropriate. Based cffl th9 work we have performed, w& have not iden1rf any malerial uncertaintie$ relating lo events or ondilions that, individualty or colle¢tsvely, may cast significant doubl on the charily's ab11ity to ntinUe as a going Concem for a period of at least e1ve months from when the fjnancial statements are aulhorised for issue. Our responsibililitts and the responbIlitIeS of the trustees with resped lo going concern aro d8scrib8d in the relevant S8Ctions of this report. Other Inforniatlon The other informat'on comprises the infomiab'on induded in the annual report other than the financial statements and our auditor's report thereon. The trustee5 are responsible for the other infomialj.on eontained within the annual report. Our opinion on the finan¢ial statements does not ¢overthe other infoTmalion and we do not express any fomi of assurance condusion thereon. Our responsibilty is lo lead the other inforrnalion and, in doing so, consider whether the other information is mateiially inconsistent with th8 financial statements or oui kn¢)wledge oblaineoj In the ¢ourse ol the audit, or otherwise appears to be rnaleTi8lly misstated. If we idenlrfy such rnal¢rial inconsistenciès or apparent m*erial misstaternenls. we a required to determine whethar this gives rise Its a material misstatement in the fin•n¢ial statèments themselvès_ If. based on the work we have performed, we conthde that there is a material rnisstatement of this other infomal¥)n. we are required to ieport that fact. We have nothing to report in Ihis regard. Matt¢rs on whlch we •r¢ rèqulred to rnport by ex¢•ptlon We have nothing lo report in respecl of the foltowing matters in relation to which the Charitie5 (A¢Unts and Reports) Regulations 2008 require us to report lo you rf, in our opinion.. the infemiatron given in the ffin8n¢ial statements is inconsislenl in any material respecl with the tFU51ee5 report,. or suffi¢ient accounting records havè not been kept.. or the financial statements are not in agreement with the accounting records,- or we have not rèceived all the inf0m8n and explanations we requira for our audit. 12
LEISURE FOCUS TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEISURE FOCUS TRUST Responslbllll•$ of Intee8 AS explained more fully in the statement of trustees responsibilities, the trustees are responsible for the preparatiiin of the financial statements and for being satisfied that thèy giv8 a true and fair vi. And for such inl8mal control as the trustees determinè is ne$Sry to enable the preparation of financAal statements that are free from material misstalement. Ythelher due to fraud or error. In preparing the financial staternents, the trustees are responsible for assessing the charity's ability to continuè as a going concern, disdosing. as applicable, matters related lo going ¢oncèm and using the going eoncern basis of accounting unless the trustees eitheT intend to cease operations, or have no realistic alternative bul lo do so. Auditorfs responslbllltles for the ludll of the flnancial $tstom•nts We have been appointed a5 audrtor under section 144 of the CharitEs Aca 2011 and report in accordan¢o wth Ihe Act and relevant rsgulations made or having effect thereunder. Our obi8ctives are lo obtsin reasonable assuranee about wh81her the finanaal stalemerits as a whole are free from material misstaternent, whether due lo fraud or error. and lo issue an 8uditorfs report ITh81 indudes our opinily). Rea50nablè assurance 1$ a high lavel of assurance but is not a guarantee that an audit condurt8d in accordan with ISAS (UKI will aayS deie¢t a material misslalem&nt when it exists. Misstatements can arise from fraud or error and afe ¢orTr$idered material if, individually or in thè aggrègate, they could reasonably be expecled to influenc8 the economi¢ dectsions of users taken on the basis of these financial statements. The trxtenl lo which our procedurès are cap8blÈ of detec*ng irregularfles, including fraud. is detailed below. 13-
LEISURE FOCUS TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEISURE FOCUS TRUST Fraud and breaches of laws and regulations- ablllty to d•t•ct Identifying and responding lo risks of mateiial nwsstatement du8 lo To Idenltfy risks of material rni5slalement dua to fraud (Yraud risks.) we a$$¢ssed events or condition5 that could indicate an in¢entiv¢ or pressure lo commit fraud or provide an opportunity tri commit fraud or provKle an opportunity lo commit fraud. Our risk assessment procedures included.. Enquiry of management and those charged with governan¢¢ around adual and potential Miyation aThJ claims. Enquiry of entity stsff in compliance funclions lo idèntfy any instances of non-compliance wrth laws ar regulations. Reviwing fin8naal statement disc105ui¢$ and testing lo supporting UmntatIon lo assess Complian with applicable laws and règulations. Using aThalylKal procedures to Identify any unusual or unexpected relationships. Auditing the risk of management override ol controls. induding through lesb.ng journal entrS and other adjustments for appropriateness. and evaluating the rationale of si9nthcanl transactions outshle the charitable objectives of the charity. We communlcated identified fraud risks throughout the audit team and remained alert to any indi¢ions of fraud throughout the audrt. AB required by audits.ng standards. and taking into account our overall knowledge of th& control environment. we perform procedures lo address tha risk of managernent (>verride of controls. in particular the risk that management may be in a position lo make in approprrale accounting entriès. W• did not identify any additional fraud risks. We performed procedures induding identifying journal entries to test based on risk criteria and ¢omparOng Identified entries to supporkn.ng documentation. These included those posted to unrelated ac¢ounls. Ihose posted contsining key words, and those posted lo an account linkeil lo a fraud ris 1denb'ng and respondlng to rfsks of mat8rial misst8lemenl due to m)n-oompliance with laws and mgulalions We id&ntifYdd areas of law5 and regulations that could reasonably be expected lo have 8 material effgcl on the financial statements from our sector experiencg, and through di3cussion$ with the trustee5 and other management las required by audtting slandardsl, and from inspection of the Charily's wulatory and legal correspondence and discussed with the Iru$lees and other managemonl the policies and procedures regarding complnCe with laws and regulations. We Djmrnunicated identified laws and regulations tt)roughoul our team and remained alert lo any Indli0n5 of non. ¢omplHnco throughout the audit The Charity is subject lo laws and regulations that directly affeci the financial statements including financ1 reporting legisLgtion lincluding lated eharities legislation) and lax legislats'on, and we assessed the 9Xtent of ¢omplian¢e with these law5 and iegulalions as part of our procedu8 on Ihg rel?18d financial slalemenl items. We did not identty any others where the cxnsequences of non•complian¢ 8lon9 ¢ouhJ have a material effe¢i on amounts or disclosures In the finanaal statements. Context of the atslity of the audit to deteotfiaud orbre4¢h8$ of law orregulalion Owing to the inherent limitations of an audil. thera is an unavoidable risk Ihal we may not have detected s[e material misstalemenls in the financial statements, even though we have properfy planned and perfomied our #udll in accordance with audrting standards. For exampl8, the further removed non-compliance with laws and regulations is from the events and transadions reftected in the financial $lements, the less likely the inh8rently limTted pro¢e¢Jures required by auditing standafds would idenlty it. In ad¢Jithon, as wilh any audit, there remained a higher risk of nonrydeledion of fraud, as these may invofva CA)Ilusion. forgery, intentional omissions, misrepresèntations, or the override ol internal controls. Our audtt proidures are designed lo detect material mis5tatemenL We are not responsible for pr¢venling non-compliance c>r fraud and cannot be expgcted to detect non&complianco with all laws and regtslalions. 14-
LEISURE FOCUS TRUST INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF LEISURE FOCUS TRUST A fijrther descriptK)n of our respon8ibilrties Is avwlable on the Flnancial RepOj Councll's wgbsite aL' http&ll vm.frG.0rg.uklaudltorsresnslbI1J1i?s. This de8cJlption forms part of our audIS reFQrt. U$• of our Mport This is mad8 solely to the charfty's trusleos. as a body, In accordance ¥th pert 4 of the chitte8 (Accounts and Rèports} RegationS 2008. Our aud wort has been undertaken 80 that Jri9ht state lo the ¢harity's trustees Ihose matters we r8qLtired to state to them in an audilofs ret arKJ for no other purpose. To the fullest extv permitted by law. we do not aLepl or assume respon8lbilty to anywe other than the charity and the ¢harity'8 trustees 8$ a tody. for our audit work, forthls Tew¢ or for the opinion5 trra formed. Paul Fallan FCCA (Senlor Stalutory Audltorl tor and on behalf of Craufurd HalgAudlt S•rvlc•s Limited Chart•Y8d Accountants ststiitoryAudittr CIO Craufurd Hal8 GTOUP GrouThJ Floor.Arena Cowt Crown Lone IDENHEAD SL6 8QZ 15
LEISURE FOCUS TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unr•stri¢tsd Unr•stricted funds fvndts 2024 2023 Notss Income from: Membership fees 8nd activftie5 Shop and other sales inome Invèstments Sp6aal grants and COVID rdated income 9.524,267 8,946,816 968,935 901,691 2.155 5S1 5.769 Total income 10,495.357 9.854,827 nditu Raising funds Chaiiiatle actilieS 1,075,838 830.955 9,151,985 8.657,094 Total reJouru¥ expended 10,227,823 9.488,049 Not income for thè y•arl Not mov•m•nt In funds 267,534 386,778 Fund balanc8s 811 April 2023 1,W2,783 636,005 Fund balan¢•8 at 31 March 2024 1,270,317 1,002,783 The slalement ol finanaal activities indudes 811 gains and10sse$ f¢¢ognis&d in th8 year. All in¢ome and expenditure derive from continuing aclivthes. 16-
LEISURE FOCUS TRUST BALANCE SHEEr ASAT 31 MARCH 2024 2024 2023 Notes FIx8d assets Tattb assets 13 746,547 100 291.396 100 745.647 291.498 Cuminl a$8ets 15 16 48.529 806.770 1.524.272 55.389 465,433 1.328,633 D8blors Ca8h $1 bart and kn hand 2J79.571 1.849,4S5 Cre(Htors: amounts falling due wllhlD 4>ne year 17 {1.854,1) 11.138.17DI N•t current6• 524.670 711,285 Totsl 0s8ets la89 TTent Habllltles 1.270,317 1.2.783 Net assets excdIng peA8lon Ilablllty 1.270.317 1,002,783 Th• funds of the charlty Unr3strkted lunds 1,270.317 1,002.783 1270,317 1.OJ2.783 The financial stateménts we apwoved by Ihe Itee9 on........................ MT TJ Wh881er TNst88 17-
LEISURE FOCUS TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Ca$h flows frorn op•raUng activitie¥ Cosh g8neraled from operations 763.743 410,075 Inve#tlng actlvities Purchase of tangible fixed assets Investrnent in¢omè received 1570,2591 2,155 1193,1251 551 Not ¢a$h US In Investing •¢tlvltl•s (568.1041 1192,5741 N•t cash used in financlng activities Net In¢roa8e In cash and ¢4sh •qulvalents 195.639 217,501 Cash and cash equivalénts al beginnlng of year 1,328.633 1.111.132 Cash and ¢•sh •quivalents at ènd of ye¥r 1,524.272 1,328,633 18-
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Aeeounting p0cleS Charlty information Leisure Focus Trust is a not-for.profit Charitable In¢orpoFatad Organrsalbon ICIOI, haMng no Share cawial. The charity is registered in England Wales. The re9is1gred office is Windsor Lgisure Centre, Slovo11 Road. Wndsor, SL4 SJB. 1.1 A¢countlng convention The financial statemènts have been prepared it) acCOrdar with the ¢haiiiy's govemng document, the Charities Act 2011, FRS 102 'The Financial Rep(irting Standard applicable in the UK and Rèpublic of Ireland. fFRS 102.1 and the Charities SORP "Accounting And Reporting by Ch8rilies'. Statement of Recommended Pr8¢titÈ appIable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic ol Iraland IFRS 1021" Thè ch&ity is o Pub"¢ Benefit Entrty as defined by FRS 102. The finanoal statemen15 a proped in 5tedin9. whtch is the fun¢tOal GurrenGy of Ihtr charty. Mtary amount$ in Ihase financ4al slalemenls are rounded lo th8 neaT8sI £. The fmarrial statements have been prep8red under the hlslorf¢al cost convent)n. prtncipal accounting policies adopted are set out below. 1.2 Going ¢onc•m Al the time of approving the financial statements, the trustees have a reasonable exp8Ctatlon Ihal Ihe Gharity ha$ adequate resources lo continue in operational existence for the foreseeable future. The Trust reported a surplu5 for the year of £267.534 12023= £366.7781. At the t)alanGe sheet dale thè Trust had unrestricted roserves of £1,270,31712023.. £1,002.783>. Following a tenderlng pmcess wilh RBWM, a service ntra¢A has been awardod unlil at18asl 31 March The trust has also secured a 20 year contract lo operale future l¢isufe actiwties al Newlands Sthool. Thi5 started ¢)peralions in January 2025. There continuas to be an increase tn growth in gym memb8rship and svjimming lessons as well as block bookings for astro pitch and court hire. The trustees have reviewed the 18lest financial infom¥lion 8nd prepared fOre$ts kIenth.ng all knovm contractual cash eommitments to at108s131 March 2026 and ¢ompBred this lo current ¢a$h holding5. Th• trustees have not idenlthed any going ¢on¢ern nditionS yi their revi8ws that rnay impact on the going concern assurnplion used in preparing thesè finanual statements. Based on these budgets and forecasts. and results for the past 12 months, the trustees are Confident that there is adequale funds lo Continue operaijons as well 8$ to fijnd fijture developm&nts whith will 3SSiSt in the fvrtherancè of the Trusts charitsble objectNes. Based on the above, the Irusle9$ have conduded Ihal Ih8re are no materk4 uncErtainlies that lead to signrfic8nl doubt upon the Twsts abilty to continue as a goin9 concem and therefore the trustees bellevo that it remains appropriate to prepare the finanal statements on the going concem basi5. 1.3 Charitable funds Uniestricted fund5 are available for use 8t the diScr&tn of the trustees in furtherancè of their charitable obje¢twes. Dgsignaled lunds compris• funds whi¢h haw been set a8idtr 81 the discretion of the trustees for specific purrA>ses. The pu0$e$ and uses of the designated fund5 are sol oui in the notes to the finanrkal StateThnIS. 19-
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS {corINUED} FOR THE YEAR ENDED 31 MARCH 2024 Accountlng polkles (Continuedl 1.4 IoM• Income 15 recognised whèn the charity 15 legalty enlolled to it after any perftsrmar ¢ondilions have been mel, the amounts can be measured reliably. and il 15 probable that income will be received. In¢om8 from membership is recognised on a $lraight1Sne basis over the period covered by thè membership. Income from the operation of cat•ring. vending and the salè of clothing and equipment is recognised 8S in¢om8 in th& period in which thè charity becomes entitled lo the receipt. Hlre of facilities and equipment 1$ recognised in the period to which the hire transpires. Revenue grants recttivablè are racognised in the Sl*$ment of Financial Activibes when Ih•re is eviden of onliUemenE. receipt is probab an¢J its amount can be measured relbly. 1.6 Exp•ndlture Expenditure is induded on an ac¢ruals ba515 8nd 118$ been dassified under headlng$ that aggregatg all costs relalgd to Ihe category. E¥penditure is reo)gnised once tharg is a legal or construelive obligation to transfer economie teneffit to a third paty, it is probable that a Iran$lar of economic benefits will be QuIred in settlement, and the amount of the obligation ¢an be measured reliably. Expenditure is dassffied by aGtivty. The ctssls of each actimty are made up of the total of direct costs and shared cDsls. including SUPPOrt costs involved In undgrtaking each activity. Direct ¢osts attributable to a sing18 admty are allocated dirÈctty to that acts'vty. Sharèd costs which contribute to rn0 than one activity and support costs which are nol attributable to a single activity are apportioned beiween those acllvitigs on a basi5 consisl&nl with the use of resources. Staff costs are allocated on thè basis of time spent. Govern8n¢e ¢o$ts include those Gosls associated with meeting the ron51itutional and statutory requir8m•nts of the charity and inGluda audit fee5 and ¢osts linked lo the strategic managemenl of the charity. Irrecoverable VAT is tharged as a cost against the a¢iMty for which the expendiiure was inujrred. Support costs 8re those functions that assist the work of Ihe chaiity bul do not dSrectly undertake chaiitsble activities. Support CQ81s indude finance, payroll and governance costs which support the charity in delivering its ¢harilable objecteS. These eosls have been alloc81ed entirely to charilable activttsgs a$ these are deemed lo be for charitable purposes. 1.6 Tangiblè flx8d assets Tangible fixed a55els are inrfially measured al ¢ost 8nd subsequenlty measured 81 cost, net of depreciation. DaprerAalion is rety)gnised so as lo write off the ¢ost of assets over their uselul liv•s on the following bases.. Leasehoid land and buildings Plarrt and equment Fixtures and )lttings Computers 20°% straighi line 25% slr81ght lin8 20tsA straight line 25% straight line -20-
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng pollGI {Contlnuodl 1.7 Fix•d asset inv•sknent Fixed asset investments are inilialty measured at transaction price exduding transacUon oosts. Transadi costs are expensed as licurred. Fixed asset inveslmènts represents shares held in a 8ubsidiary ojfflpany. A subsidiary 15 an entity Gontrolled by charity. Control Is the pjwer lo govern the financial aTrJ operating ptsliciès of tha enlrty 80 as lo obtain benefits from its activities. 1.8 Impalmignt of flxed assets At each reporting ?nd date, the charity review$ thè carrying amounts of rts tangible as$#ts lo determine whethèr Ihere is any indication thal those assets have suffered an impainnent kjss. If any sh indication exists. the recoverab amounl of the as59t 1$ esb'maled in order to detemiine the extent of the impaimient loss lif any}. 1.9 sto¢k$ Stocks are slated al the lower of ¢ost and ¢slimatod selling pri¢e less costs lo complete and sell. 1.10 Cash and ca$h equlvalents Cash and cash equivalents are basic finala1 assets and repiesenls Gash in hand. 1.11 Financlal instrumÈnts The tharity only has finantyal assets and ffinancial liabilities of a kind that qualfy a$ bas financial instruments. Financial inslruments are recogni5ed in the charity's balance sheet when the charily becomes party to the eonlractual prowsions of the inslrumenl. Basic financlal assets Basic financial assets, which Indude debtors and Cash and bank balances, are rneasured * Iransa¢b"on prfce inc4uding tran$a¢tion costs. Financial assets are ¢I3fied as recelvable within one year and are not amortised. B•sie finan¢lil118bllltles Basic financial liabiliti'es, includlwj creditors and bank loans are recognised at transa¢tion price. Fin8ntyal liaknlities ale dasslfied as payabl& within one year anil are not amortised. Trade creditors are obligations to pay for good5 or serV@S that have been acquired in the ordinary course of operations from supplieTS. Amounts p8y8ble are dassified as current liabilitses on the basis that payment is due wrfhin one year or less. Derecognition of fftJ•n¢lal Il#bHities FinanGial liabilits'es arè d•Tecognised when the charitys conlradual oblvJalions expire or are distharg•d OT cancelled. 1.12 Taxation The charity, as a charty. Is rKJt liable for assessmènt to lax on ts income and gain$ lo the extent that thèy are applièd to its charitable objectives. 1.13 Employee benlts The cost of any unused hdiday enlitlernent regnISed in th$ poriod in whK* •mF4oyee's seN¢•s are received. 21
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng polici Icontlnuedl 1.14 Retirement b•n•fits Payments to defined contribution rtiremenl benefft 8¢hemes are charged as an expense as they fall dug. As detailed in not8 18, the charity ¢onlribules lo a LGPS sthem•. a defined benefit s¢h8me. On the basis that any liability arising from the deficit in funding of the scheme Ss deemed lo be a liability of RBWM, payments to Ihis scheme are Charged as an expen8e as th8y fall due. M¢mlshIP f••s and activiti•8 Cherltabl• Income Total 2024 ¢harhbl• Total 2023 2024 2023 Fitness memberships Fitness other Indoor actNities Outdoor adivibes Tennis Swimming pool pay and play Swimming pool hire Swimming course3 Swimming memberships Faiility Hire and hir8 of equipmont Childrens a#iwti'e6 Miscellaneous 4,254,3S8 4,254,356 4,063,777 4,063,777 213,707 213,707 177.3 177,396 455.318 4S5,318 416.575 416,575 441.782 441,782 444.926 444,926 20,044 20,044 19.6C6 19,6C 1,331,619 1,331,619 1,304.202 1.304,202 iiii 333.236 333,236 335.494 335,494 1.421.752 1.421,752 1,232.959 1.232,959 268,895 268,895 244.601 244,601 596,637 596,637 529.369 529.369 44.129 44,129 45,617 45,617 142.792 142.792 132.294 132,294 9,524.267 9,524,267 8,946,816 8,946.816 Shop and oth•r $le$ In¢om• Unrèstrlcted Unreslilcted funds funds 2024 2023 Sale of goods- Calerfng Sale ot goods- Vending Sale of 9oods- Clothing and equipment Sale of goods- Other 718.242 66,318 176.262 8.113 821.215 $6,259 194.831 29,386 (Xhèr trading actiwtses 968,935 901,691 22-
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incom¢ trom invesknents Unmtri¢t•d Unrestricted funds fvnd8 2024 2023 Interest receivable 2.155 551 Sp•clal grants and COVID related nme Totsl Unresliicted funds 2024 2023 Géneral grants 5.769 Raising lund8 Unro8trict•d Unrestrided lunds funds 2024 2023 Sale of good purchases C051 of food Cost of beverages Cost of clothing Opening slo¢k Closing sto¢k 6,g06 400,464 45,352 111,759 55,389 148.5291 18,631 309,516 54,315 120,387 39,826 {55,3891 Cost of goods sold Marketing and advartising costs staff costs Inolg 11) 571.341 52,876 451,621 487,286 56,121 287,548 1.075,838 830,9S5 -23-
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitabl• a¢tl¥ltles 2024 2023 Staff St& Inolè 10} Depreciation and impaient Sew enwloyed coaches Travel and subsislonce Training Cleanlng M8int•nance and Tepal Computer costs Insurance Printing, postage and stationary Rales Health and Safely Legal and PTofessional Bank Charges Small assets and consumables Telephone Partial VAT exemptions Licences Terminal charges Miscellaneous expenses Rent 3.208,889 3,040,915 116.110 58.248 291,464 274,891 11,851 5,935 58,389 34.744 166.681 188,722 334,152 289,529 145,985 157.794 163.885 135,988 17.455 16.920 1.119.610 1.044,384 14.282 10.235 33,232 52,512 59.197 10.568 79.050 53,795 41,183 42.200 566,489 508.577 59.301 40.106 34.429 33,538 24,383 6,683 2.130,291 2,130,291 8,676.308 8,136,571 Share of support costs Iseo note 81 Share of govewnarbce ¢osls (see note 8) 357,323 118,354 401,421 119.102 9,151,985 8,657,094 -24-
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Support Go$ts Support Governance costs Costs 2024 2023 Staff costs {note 11 357,322 357,322 401.421 Audit fees Legal and professional Bad debt 16,990 92,541 8,824 16.990 92,541 8,624 14,000 91,979 13.123 357,322 118.355 475.677 520.523 Analysed btheen Charitab activibes 357.323 118,354 475,677 520.523 357,323 118,354 475,677 520,523 All support and govtmanct costs are deem8d to be for chaiitablg purpose5 and ha therefore been allocated in their entirety lo charrtable adiwlies. G0Veman costs indudgs payments lo the auditors of £15.99512023.. £14,000) for audrt fees. Nèt movemenl in funds 2024 2023 The net movement in fvnd$ is ststed after ¢hargingl(cdltlng}. Fees pay#)lè for the audit of fhe ¢haity's financial Statements Depre¢iatSon of owned tsngitAe fLxed asset8 15.995 118,110 14,0(X) 58,246 10 Tru$ttt• and k•y managemènt personnel Key rnanagemènt personnel art règarded as the trustees. the managing director. the fln8n¢e director and I mpliance m8nager. None of the truslees receivèd any remuneration or beneffts from tha Trust dLwing the year. The iolal key management remuneraln and benefi15 paid in the period totslled £202.447 {2023.' £181,567). This amount includes on& key management personnel who reoelved remuneraln in axcess ot £60,0(KI. Two ¢hildren of one of the Trustee8 and one son of one of the key m4nagem&nt personn•l receNed rernuneration during the year totalling £31.161 {2023.. £3,950) which were made at an arm lengths basis. Some of the trustees hold mmberships lo use thg faalities of Loisure Focus Tru$l. These membershlps are paid at the standard market ratè. identical to tho rates offered to Ihe general public. Thesa membershlps are not subject lo any discounts or special privileges and are therefore condu¢ted on an ami's length basis. -25-
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employ•e8 The average monthty numbgr of erryloyees during the year was.. 2024 NUrnr 2023 Number 413 401 Emplt)yment costs 2024 2023 Wages and salaries Soual se¢urity costs Oll*r pension costs 3.758,135 195,555 64.142 3,470,(ts8 186,461 73,325 4,017,832 3,729,884 EMplont ¢o•ts have been allocated a8 follow8". 2024 2023 Raising funds Inole 61 Charitable activities (note 7) Support costs {nole 81 451,621 3,208,889 357,322 287,548 3,040,915 401.421 4,017,832 3.729,884 Otherlhan key management personnel as disdosed in note 10, no other employee recewtrd r8muner8lion in excos$ of£60,000. 12 Taxation The Gharity is exempl from taxation on its activities becau$& all ils income is appligd for charitable purpo$es. -26-
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 13 Tanglble fix•d assets L•as8hol land and bulldlngs Plant and Flxturol and •qulpm•nt Ilttlng6 ¢ompuW8 Total Cost Al 1 April 2023 Addition$ 62,291 167,496 12,353 11,070 240.482 372,521 48.061 19.172 361,187 570.259 At 31 Marth 2024 229.787 23,423 613.003 65.233 931,446 Dopro¢iatlon and impaimient Al 1 April 2023 Depreciation charged In the year 13,496 24.307 1,852 4,715 41,084 72,197 13,357 14.891 69,789 116.110 At 31 Marth 2024 37,803 6.567 113.281 28,248 185.899 Carylng amount At 31 March 2024 191,984 18,856 499,722 36,985 745,547 At 31 Mar¢h 2023 48,795 10.501 199,398 32.704 291.398 -27-
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Fixed assèt investments Inv•stments Cost or valualion At 1 Aprl 2023 & 31 MarGh 2024 1CKI Carrying amount At 31 March 2024 At 31 Mar¢h 2023 2024 2023 Other investmenls rMPrIse.. Inve8lments in subsidbaries 23 100 100 15 Stocks 2024 2023 Goods for resa 48,529 55.389 18 Debt¢Jrn 2024 2023 Amounts falling due wlthln one year. Trade debtors Amounts owed by fellow group undertakings Other debtors Pffjpayments and accrued in¢ome 530,573 10,772 87.051 178.374 312.965 5.054 44.445 1Q2.969 806,770 465,433 -28-
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 17 Credltorn: amounts falllng due wlthln ong yoar 2023 other tsxation and $ocial security Deforr¢d income Trade ueditors Other creditors Accruals 87,429 325,123 991.255 97,065 354,029 91.581 257.452 420,678 15.000 353.459 1,854,901 1,138.170 18 Retirement bènefil sch•m•s 2024 2023 Dofinod ¢ontrlbutlon schemps Charge lo profil or loss in resped of defined conlribLrtion schernes 64.142 73.325 The charity ¢ctributeS to the following pension sthèmes.. a defined contribution pension scheme for all qualifying employees. The assots of the s¢heme are held separately frcxn those of tho charity in gn independentty adminislergd fund. LGPS scheme. a dèfined benefit scheme. The assets of the scheme are held Soparatety from those of the charity. The scheme is administered by the R¢yal Borough of vnscI and Maidenhead IRBWMI. No provision has been wtrded for or disclosed within these finan81 ststèmènls on the basis that any liabrfity arising from the d&fidl in funding of the $¢hamo is deemed to be a liability of RBWN. 19 Deslgnatod lunds The unrestricaed funds of the charity comprise the un0Xnded balance5 of income received with rèspect to mambership fees and activi9$ which are not subject to specrfic conditions as to how they may be used. These indude de5Ynale<j fvnds which have been sel aside OLrt of unrestricted funds by the trustees for speryfic purposes. Balanc• ai 1 Aprtl 2022 Incomlng M8ourco1 Bal•n¢o al 1 April 2023 Incornlng B8tsn¢e at rosour¢os 31 Uwch 2024 Leisure Centre repairs 564.177 564,177 564,1 T7 564.177 584.177 564,17T The Twstèes have design3led the above funds lo be used on future developments of th& centres. The d)arlty is currently receiving quote5 for the dovelopmenl that will be Carried out on the cenlres ovgr the nexl 12 months. -29-
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Operating lease commitments Al the reporting end date the tharity had oulslanding commitmgnts for future m1muM1&16e payments under non4an¢ellable op81aling leases. whith fall du¥ as follows.. 2024 2023 Vmlhln one year 2.576,193 263.344 21 Events aftorthg r•porting dats As discussed in Ihe Iru$lees report. ft)Icwng a tendering process witti RBWM. the Trust has been aw8rded a new $arvi agreement for at kasl the next 15 years lo 31 M8r¢h 2040. On 23 June 2024, Thaam knmited was incorporated. The subsidlary. Leisur8 Focus Limited. owns 80% of tho share Capital ol THAAM Limited. 22 R•latsd party tran8aetlon$ In addititin to those Iransacllons with respect lo Iwslees and key Managnant p8rsonnel as detailexl in note 10, the charity had the following rglatèd party Irans¥¢lions'. Dullng the year Leisurg Foujs re¢eSved SnGomg for use of the pitch•s al the ¢ertlrès from Maidenhe&d Uniled Women's FC tolalling £1,808 12023.. £4.8591, an entity in whith one of the Leisure Focus Trustees Is the la¢ilrt*s officer and a member of Leisure Focus Trusts key management personnel is Ihe Chaw. AJI transactions were made at an arms length basis. At the balan¢e sheet dale the Trust was owed £10,77212023= £5.0541 from Laisure Focus Llmited. a wholty cwned Subsidiary ofthe Trust. 23 Suhldlarles Thesé financAal stalemenls are separate charity ffinancial statements for Leisure Focus LOm6ted. 0è18ils of the ch8rlty's subsidiavies 8131 March 2024 aro a$ follows.. Name of undertaking R8gislered office Natur• of bu8ln•s8 Class of 'A H•ld $haY•$ ld Dirn¢t Indlrnct Leisure FoGu$ Limited England and Wales Event catering Ordinary $hares 100.C -30-
LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 AIARCH 2024 24 Cash g¢nrat•d from oporntlons 2024 2023 Surplus for the year 287,534 366,778 Adjustments for. Investment in¢omè recognisad in statement olffinancAal actwllies Deprecj'alion and impairm&nl of tangible fixed assets 12,155} 116,110 1551 58,246 Movements in wothng capital: DecTeasellincrea8e) in sto¢ks {Increasel in debtors Increase In credilors Increase in ijeferred inc4Jme 6.860 1341,337) 649,060 67,671 {15,5631 {246,301} 184,897 62,569 Cash 9•rnted from op•ratlons 763.743 410,075 25 Analysis of chany$ In Mtfvnd$ At 1 Aprll 2023 Cash Ilo*At 31 March 2024 Cash * bank in h8ThJ 1,328,633 195,639 1,524.272 1,328,633 195,639 1,524,272 The tharity had no material debt during the year. 31