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 Prf￿1Pal 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 d0￿Ment, the Charities Ad 2011 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their account5 in a￿Ordance 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 Mar￿ge thè eounul's assets lo m￿miSe 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 eV￿Y site, our staff are the'face, of Leisure F¢xus. TO￿ther, 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- F￿111[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 p￿dud offerirvJ was aitraclive and affordab￿ for our ¢ommunity. During this service period, the key h￿hlIghts 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 p￿10d with an established stable fin8n¢ial and oper8tional poSit￿n that wi support the mediurn and longer tenn fore¢8$1 of the trust operntions. In the service period 181 April 2023 - 3151 Mar¢h 2024, the Trust foeussed on continued business growlh from 81gnificanl farits'ty investment including Mfindsor Lwsure Centre gym and business diversificabon which included activities such a5 juntrjr nelbèll das8es, group exercise dasse5 for MeM￿r$, $pgcial pool p8rti&s and new menus the cafes. Events Leisure Fo￿$ 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 re￿gnIsed Cornic-con. altracting 0￿r 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 $wm. holiday camps. parties and roller f￿s. Trainin Partnershi New partnership sol up with ways into work. Al¢ng with working wilh extemal training provider Lifelime, the trust now has over 10 appr8nticES and 3 ways into work stheme employees. enl Leisure Focus has grown ils sports developTh*nt offering wilh nelb811 dasse5 beginning al Furze Platt and Wlrhysor. to go alongside those aclwititrs already up an¢J njnning, hag seèn the development of classe5 within the active community programmes #nd hosting events in partnership with London Irish. LEISURE FOCUS TRUST TRUSTEES REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 So¢lal Medla and digital The trust continued lo inL¥ease Facebook sub5uibers, and sel up nèw platfomis on YouTube. Instagram and Snapchat. The trust provided morè edutainment conlenl to all the users. During this peiiod the Leisure Focus a gained increased user. reachirtrj over 10,000 users. National Canwaigns Another succ8ssful delivery by Leisure Focus wa$ 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 parlie￿atiOn, 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 profeS￿Onal. 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 ¢oncess￿N8ry 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 aWa￿ne$s. Attend￿ce 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 membw5h￿S 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 I￿nsfOrmatIOn 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 1n￿strftent 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 $8fèguarding e-leaming has further Improved by releasing an addilional 4 training modules for oui s18ff. The Instittjte of Qualrfied Lifeguards (IQL) training portal is an online management tool to S￿pOrt tha sites operation delivery ond record keeping of lrfegu8rd trainln9 competencies. The start of 2024 saw ongoing staff training rnoved to the new Ta-da digital platfomi provided by IQL. Monthly, the General managers report and an8tyse trends at site lgvel. which is discussed al their department metslings. The electronic accident and incident reporting system has provided a comprehensNe template for the reporting and moniloring of •¢¢idents and incidents. The Chief Executive. thè ComFliance Mana9er. and Contr8Ct Manager with Gengral Managers monitor signifiwil accidènt reports and trends. Equipment All equipment 1$ 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 PERFoR￿NcE Cu$tomer Fg•dback As a means ol measuring Customer satisfaction, each centre actively encourages direct int8rnal customer feedback through verbal cornmenls, through Ihe websilg Ivhvw.l0i5urefocus.org.ukl and direct emall. Umbrella inslght Leisure Focus has a proadwe approach to ¢ustomer feedback. In addition, the managgmenl team aclNgly yather. monitCK 8nd report on customer feedback each nwnth. There are many ways cuslorntrrs can provide us with feedback. induding.. Completion of a customer comm&nt card Speaking lo a member of slaff Writing to the managers Making a verbal ¢omment at receptp)n Leisure Focus Facebook pages Emailing the centre Leisure Focus Twitter p8gos Leisure I￿uS is part of Ur￿ffi¢iaI group5 and forums to actively seek feedbadt. During the service period we have Commissioned an exlemal agency Its complète independent mystery shoppèr vlsivreports proMdin9 ¢omprehen*vè infomialion about email responses, 18iephone calls and tours of the lei5uro centres to understand better areas for improvement %￿th regards lo engaging with customers and imprwng ustomer serwce level$. 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¢teverride 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$lees and other managemonl the policies and procedures regarding compl￿nCe with laws and regulations. We Djmrnunicated identified laws and regulations tt)roughoul our team and remained alert lo any Ind￿li0n5 of non. ¢omplHnco throughout the audit The Charity is subject lo laws and regulations that directly affeci the financial statements including financ￿1 reporting legisLgtion lincluding ￿lated eharities legislation) and lax legislats'on, and we assessed the 9Xtent of ¢omplian¢e with these law5 and iegulalions as part of our procedu￿8 on Ihg rel?18d financial slalemenl items. We did not identty any others where the cx*nsequences of non•complian¢* 8lon9 ¢ouhJ have a material effe¢i on amounts or disclosures In the finanaal statements. Context of the atslity of the audit to deteotfiaud orbre4¢h8$ 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 $l*ements, the less likely the inh8rently limTted pro¢e¢Jures required by auditing standafds would idenlty it. In ad¢Jithon, as wilh any audit, there remained a higher risk of nonrydeledion of fraud, as these may invofva CA)Ilusion. forgery, intentional omissions, misrepresèntations, or the override ol internal controls. Our audtt proi*dures are designed lo detect material mis5tatemenL We are not responsible for pr¢venling non-compliance c>r fraud and cannot be expgcted to detect non&complianco with all laws and regtslalions. 14- LEISURE FOCUS TRUST INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF LEISURE FOCUS TRUST A fijrther descriptK)n of our respon8ibilrties Is avwlable on the Flnancial RepO￿￿j Councll's wgbsite aL' http&ll vm.frG.0rg.uklaudltorsres￿nslbI1J1i?s. This de8cJlption forms part of our audI￿S reFQrt. U$• of our Mport This is mad8 solely to the charfty's trusleos. as a body, In accordance ¥￿th pert 4 of the ch￿itte8 (Accounts and Rèports} Reg￿ationS 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 re￿t arKJ for no other purpose. To the fullest extv permitted by law. we do not aL*epl 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 ststiitoryAuditt*r 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 acti￿lieS 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 Tatt￿b￿ 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 $1 bart and kn hand 2J79.571 1.849,4S5 Cre(Htors: amounts falling due wllhlD 4>ne year 17 {1.854,￿1) 11.138.17DI N•t current￿6•￿ 524.670 711,285 Totsl 0s8ets la89 ￿TTent Habllltles 1.270,317 1.￿2.783 Net assets exc￿dIng peA8lon Ilablllty 1.270.317 1,002,783 Th• funds of the charlty Unr3strkted lunds 1,270.317 1,002.783 1270,317 1.OJ2.783 The financial stateménts we apwoved by Ihe I￿￿tee9 on........................ MT TJ Wh881er TNst88 17- LEISURE FOCUS TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Ca$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$h US￿ In Investing •¢tlvltl•s (568.1041 1192,5741 N•t cash used in financlng activities Net In¢roa8e In cash and ¢4sh •qulvalents 195.639 217,501 Cash and cash equivalénts al beginnlng of year 1,328.633 1.111.132 Cash and ¢•sh •quivalents at ènd of ye¥r 1,524.272 1,328,633 18- LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Aeeounting p0￿cleS Charlty information Leisure Focus Trust is a not-for.profit Charitable In¢orpoFatad Organrsalbon ICIOI, haMng no Share cawial. The charity is registered in England Wales. The re9is1gred office is Windsor Lgisure Centre, Slovo11 Road. Wndsor, SL4 SJB. 1.1 A¢countlng convention The financial statemènts have been prepared it) acCOrdar￿ with the ¢haiiiy's govemng document, the Charities Act 2011, FRS 102 'The Financial Rep(irting Standard applicable in the UK and Rèpublic of Ireland. fFRS 102.1 and the Charities SORP "Accounting And Reporting by Ch8rilies'. Statement of Recommended Pr8¢titÈ appI￿able to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic ol Iraland IFRS 1021" Thè ch&ity is o Pub￿"¢ Benefit Entrty as defined by FRS 102. The finanoal statemen15 a￿ prop￿ed in 5tedin9. whtch is the fun¢tO￿al GurrenGy of Ihtr charty. M￿tary amount$ 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 finan￿al statements on the going concem basi5. 1.3 Charitable funds Uniestricted fund5 are available for use 8t the diScr&t￿n 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 pu￿0$e$ and uses of the designated fund5 are sol oui in the notes to the finanrkal StateTh￿nIS. 19- LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS {co￿rINUED} FOR THE YEAR ENDED 31 MARCH 2024 Accountlng polkles (Continuedl 1.4 I￿oM• 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*$ment of Financial Activibes when Ih•re is eviden￿ of onliUemenE. receipt is probab￿ an¢J its amount can be measured rel￿bly. 1.6 Exp•ndlture Expenditure is induded on an ac¢ruals ba515 8nd 118$ 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 object￿eS. 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 equ￿ment 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$#ts lo determine whethèr Ihere is any indication thal those assets have suffered an impainnent kjss. If any s￿h indication exists. the recoverab￿ amounl of the as59t 1$ 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$h equlvalents Cash and cash equivalents are basic fina￿la1 assets and repiesenls Gash in hand. 1.11 Financlal instrumÈnts The tharity only has finantyal assets and ffinancial liabilities of a kind that qualfy a$ 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$a¢tion costs. Financial assets are ¢I3￿fied as recelvable within one year and are not amortised. B•sie finan¢lil118bllltles Basic financial liabiliti'es, includlwj creditors and bank loans are recognised at transa¢tion price. Fin8ntyal liaknlities ale dasslfied as payabl& within one year anil are not amortised. Trade creditors are obligations to pay for good5 or serV￿@S that have been acquired in the ordinary course of operations from supplieTS. Amounts p8y8ble are dassified as current liabilitses on the basis that payment is due wrfhin one year or less. Derecognition of fftJ•n¢lal Il#bHities FinanGial liabilits'es arè d•Tecognised when the charitys conlradual oblvJalions expire or are distharg•d OT cancelled. 1.12 Taxation The charity, as a charty. Is rKJt liable for assessmènt to lax on ts income and gain$ lo the extent that thèy are applièd to its charitable objectives. 1.13 Employee ben￿lts The cost of any unused hdiday enlitlernent re￿gnISed 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 r*tiremenl 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¢m￿lshIP 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 $6,259 194.831 29,386 (Xhèr trading actiwtses 968,935 901,691 22- LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incom¢ trom invesknents Unmtri¢t•d Unrestricted funds fvnd8 2024 2023 Interest receivable 2.155 551 Sp•clal grants and COVID related ￿n￿me Totsl Unresliicted funds 2024 2023 Géneral grants 5.769 Raising lund8 Unro8trict•d Unrestrided lunds funds 2024 2023 Sale of good purchases C051 of food Cost of beverages Cost of clothing Opening slo¢k Closing sto¢k 6,g06 400,464 45,352 111,759 55,389 148.5291 18,631 309,516 54,315 120,387 39,826 {55,3891 Cost of goods sold Marketing and advartising costs staff costs Inolg 11) 571.341 52,876 451,621 487,286 56,121 287,548 1.075,838 830,9S5 -23- LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitabl• a¢tl¥ltles 2024 2023 Staff ￿St& Inolè 10} Depreciation and impai￿ent Sew enwloyed coaches Travel and subsislonce Training Cleanlng M8int•nance and Tepal Computer costs Insurance Printing, postage and stationary Rales Health and Safely Legal and PTofessional Bank Charges Small assets and consumables Telephone Partial VAT exemptions Licences Terminal charges Miscellaneous expenses Rent 3.208,889 3,040,915 116.110 58.248 291,464 274,891 11,851 5,935 58,389 34.744 166.681 188,722 334,152 289,529 145,985 157.794 163.885 135,988 17.455 16.920 1.119.610 1.044,384 14.282 10.235 33,232 52,512 59.197 10.568 79.050 53,795 41,183 42.200 566,489 508.577 59.301 40.106 34.429 33,538 24,383 6,683 2.130,291 2,130,291 8,676.308 8,136,571 Share of support costs Iseo note 81 Share of govewnarbce ¢osls (see note 8) 357,323 118,354 401,421 119.102 9,151,985 8,657,094 -24- LEISURE FOCUS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Support Go$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(c￿dltlng}. 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$ttt• and k•y managemènt personnel Key rnanagemènt personnel art règarded as the trustees. the managing director. the fln8n¢e director and I mpliance m8nager. None of the truslees receivèd any remuneration or beneffts from tha Trust dLwing the year. The iolal key management remuneral￿n and benefi15 paid in the period totslled £202.447 {2023.' £181,567). This amount includes on& key management personnel who reoelved remuneral￿n in axcess ot £60,0(KI. Two ¢hildren of one of the Trustee8 and one son of one of the key m4nagem&nt personn•l receNed rernuneration during the year totalling £31.161 {2023.. £3,950) which were made at an arm lengths basis. Some of the trustees hold mmberships lo use thg faalities of Loisure Focus Tru$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 NUrn￿r 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 EMplo￿￿nt ¢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 r￿MPrIse.. 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 ¢c￿tributeS 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 v￿n￿scI and Maidenhead IRBWMI. No provision has been wtr￿ded for or disclosed within these finan￿81 ststèmènls on the basis that any liabrfity arising from the d&fidl in funding of the $¢hamo is deemed to be a liability of RBWN. 19 Deslgnatod lunds The unrestricaed funds of the charity comprise the un0X￿nded balance5 of income received with rèspect to mambership fees and activi￿9$ which are not subject to specrfic conditions as to how they may be used. These indude de5￿Ynale