Charfty reglstratlon number 1190095 {En9land and Wal8s) LEISURE FOCUS TRUST GROUP ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
LEISURE FOCUS TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tru$t•es Ms S J Anstiss Mr T J Wheeler Mrs N Dutton Mr C Joyce Mr S Franks Chair MrA Moorehouse Charlty numb•r 1190095 Prln¢lpal address Windsor Leisure Centre Slovell Road WINDSOR SL4 5JB Auditor Craufurd Hale AudTt SeNices Limited CIO Craufurd Hale Group Ground Flrx)r. Arena Court Crown Lane MAIDENHEAD SL6 8QZ
LEISURE FOCUS TRUST CONTENTS Pago Trustees report Independent auditor's report 12-15 Consolidalad statement of financlal actlvSti8s 16 Group balance sheet 17 Chartty balance sheet Group statement of cash fflows 19 Charity ststement of cash flows 19 Notes to the financial ststemenls
LEISURE FOCUS TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present Ih8ir annual report and financial ststements for the year ended 31 March 2025. The finanaal statements have been prepared in accordance with the 8c¢ounling policies set out In note 1 to the financial ststemenls and comply with the charitys governing document. the Charities Act 2011 and 'A¢¢ounling and Reporting by Charities.. Slalement of Recommended Practice applicablè to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the LIK and Republic of Ireland IFRS 1021.. Objectives and a¢tlYlWe$ The charity's obj8cts are as follow5.. .To ensure the safety of all visitors and staff that use OUT siles .To communicate with local stakeholders and @ngage all members of our local communty into an active lrfestyle .To increase visllor numbgrs year on year through innovative programming .To manage the council's assets lo maximise the bongfit$ of services Our missions and valu9$ Our misslon To provide excellent seNice and value to the communities which we serve. Our values In every role, across every sile. our staff aTe the 'face' of Leisure Focus. Together, we.. .Focus on the Customer .Approa¢h everything systematically .Collaborate to achieve .Exce8d expectation The trustees have pahd due regard to guidance issued by the Chadty Commisslon in deciding what acllvilies the Charity should undertake. The trustees have pald due regard lo guidance issued by the Charity Comrnis5ion in deciding what activities the charity should undertake. Public Benefit The Irusle88 have considered the guidance offered by Ihg Charty Cornmis5ion on public nefIt and are confident that the oblectlves of the charity, as stsled 8bove, fall under the purposes defined by section 17 cf the Charities Act 2011.
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Introductlon The annu81 seNlcg report will provide infomiation on the cenlres operatèd by Leisure Focus within the Royal Borough of Windsor and Maidenhead IRBWMI. The contract commenced on the 1st August 2020. Windsor Leisure Centr8 - Facilities include.. . 1 $0 Station Gym • 25m Swirnming Pool • LeamerlLeisure Pool • All-wealher Pitch • Health Suite • 8 Court Sports Hall • The Avenue Cafe 3 Group Fitness Studios . Group Cyding Studio Braywick Leisure Centre- Facilities include.. 150 Station Gym 2 Group Fitness Studios 25m Swimming Pool • Leisure Pool • Outdoor Court5 • 4G & 3G All-wealher Pitch • Health Suite • 8 Court Sports Hall • Theatre . Squash courts . TheAvenue Cafe . Meeting room Golf simulator mom Charters Leisure Centrg - Facilities indude.. 48 Slalion Gym Group Exorcise Studio 4 Tenni5 Courts 3G All-wealher Pitch . 4 Court Sports Hall . Squash Courts Cox Green Leisure Centre- Facilities indud8.' . 42 Slalion Gym Group Exorcise Studio All-wealhtrr Pitch 3 Tenni5 Courts . 4 Court Sports Hall . Boxlng room Fue Platt Leisure Centre- FacAlities Include: . 60 Slalion Gym Group Filngss Studio 3G All-weather Pitch . 4 Court Sports Hall . Tennis Courts
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and performanco The service period was from 1st April 2024 10 31st March 2025. It was the fifth year of the partnership with thg Royal Borough of Windsor and Maldenhead IRBWMI. A particulady exciting but challenging period for Leisure Focus as the submission for the new 15 year contract in partnership with the Rtsyal Borough of Windsor and Maidenhead IRBWMI was irnminenl. The first half of the year. the Trust was finar¢cially challenged with large inflation rates resulting in high utility and staffing costs wh up lo 7010 increase. The Trust developed new proceduras to tackle the consumption as well as site overviews lo drive efficiencies. The remainder of the year the trust focused on high operational standards whilst achieving the matri highlight for the year, successfully winning the 15 year ¢ontTact for operating under the agency model on behaw of RBWM. Other key highlights include development of the hot counter in Braywck Cafe, launch of LF Health services and renovation of Windsor Health 8LiIIe. Overall, the TTUSt ended the serwce period in a strong and stable position to grow, develop and deliver the commitments as part of the coming year. Leisure Focus continued lo expand ils events programme throughoul the r8POrting period, delivering an increased number and diversity of sporting and hospitslity events across its venues. Established events such as Comic Con. Bingo Loco. bodybuildin9 competitions, 8nd the annual pantr)mime were successfully retained, while the programme was further enhanced through the introduction of new large-5cal8 events, inciuding an international wrestlin9 competition. A key highlight was the Windsor Open 2025, the first intemational freestyle wrestling tcwjmament hosted at Wlndsor Leisure Centre. The event attracted 340 alhlgtes representing Uzbekistan, Malta, France, Scotland, and Ir&land, and dernonslraled the sport's incluslvlty wlth pa¢1pants ranging from a double amputee athlottr lo a 62-ygar-old female cornpelilor. ACTOSS the contract. event-related revenue incTeased by 8% year-on-year, conlrfbullng slgnlficanuy to overall growlh in footfall and secondary spand across all Sites. Following the successful award of the new operational contract, the Trust also deliVed a thre&day Community Engagement Programme across all venues. The initiative showcased over 40 activities and attracted in excess ol 50,000 visitors, reinforcing Leisure Focus's commitment to accessibility. partiCipaon, and community engagement. Leisure Focus has maintsined a strong commitment lo education and &wane$S around suslainabilty goals for its staff. Alongside the acquisition of Stark ID and the implemenlalion of CHP efficiencies. these inilialives contributed to a 10¢A reduction in energy consumption. Followrig the successftjl submission of the decarbonisalion scheme bid for Windsor Leisure Cenlre, the Trust. RBWM, and Leisure Energy have begun detailed planning, wlh the proje¢t scheduled to commence in July 2025. The work5 will involve removing the existing gas boilers and Combined Heat and Power unit. both of vknich have reached the end of their operational life. and installing a Net Zefo Pod. Thls systgm will inclLJde air source heat pumps, roof-mounled solar panels. upgraded air handling unrts, and a heal Tecovery systèm. Collectively, these irnprovemen15 will deliver a more sustainable and energy-efficient facilty. significantly reducing the Centre's carbon emissbons. Swimmlnglgssons saw a peak in occupancy which hit just short of 4000 swimmers across the centres. Lessons expanded furthèr increasing more days lo a 50 week programme which allows children all year round ccnsistency. Swimming teachers qualffied in NRA STC {Nalional rescue award for swim teachers and coaches) increased lo 60V/o reducing risk. Teachers were also glven furth8r tralning opportunifjes such as CPD'S in making lessons engaging for autistic children and teaching swlmmers to leamers with physical and sensory impairments making the program morg in¢lusive and accessible.
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 H&alth & Safe Leisure Focus is in the process of IS045001 and IS014001 a¢¢reditslion to ftjrther recognise the strength of our health and safety systems. Adents and Injurfes within the Trust reduced slighuy GomparBd lo last year with Riddors also reducing. Activities The Trust expanded access to family swimrning sessions across both Braywick Leisure Centre and Windsor Leisure Centre, strengthening its commitment lo prornoting in¢lusivtr and family-orienled parlicipalion. In addition to this expansion, the Trust continued to deliver a comprehensive range of holiday programmes, including sports camps, n8lball, trampolining, and other recreational aclivilie5. During this period in thg summar cantres dfered free swimmlng sassions, funding over £7.000 lo promote water safety 8¢ross the two sitès as part of the drowning pventiOn carnpaign. During th¢ Trust's opening weekend, a series of family-focused events wgre delivered. featuring activities such as bungee trampolining. bumper cars. and a mobile farm, which attracted strong engagement from the local community. Perforn)ance indicators across key activity areas demonstrated positive trends, wilh tTamtK>lining participation incrgasing by 16°k year-on-year and netball maintaining 8 consistent 930/0 occupancy rale Ihroughout the period. These outcomes reflect sustained comrnunity interest and effective programming within the Trust's leisure portfo5io. mm ni In The Trust implemented a series of tsrgeted campaKJns across its c8nlres and local communities. including dèdicated seven4ay initiatives focused on women and gids, as wèll as disabilty and inclusion. Schools were actively engaged throughout the year, parti¢ipaling in campaigns such as drowning prevention programmes and the Berkshire School Games in July 2024. The latter event saw 881 participants from 77 schools compete n multi-sport a¢tivities al Braybvick Leisure Centre. In partnership with RBWM, the Trust enhanced accessibility and inclusion by opening a Changing Places lacilily al Windsor Leisure Centre. Thls collaboration also extended to the introduction of secured cyde parking, supp)rting the Promotion of sustalnable and activ8 travel options. During this period, the Trust's commitment lo volunteering was recognised when Gina, a dedicated volunteer, w83 awarded Volunteer of the Year at the Seriously Social Awards. highlighting the impact of individual contributions lo the Trust's Community engagement programmes. Leisure Focus partnered with get Berkshire active to develop a crime pventIOn schem8 inviting under privileged children into the gym to promote a healthy lifestyle. Running campaigns throughout the year has helped sports development by breaking down barriers for different dernographics such as women. disabled and elderly. Trampolining courses werg fully booked for the first time this year during term time. Windsor Leisure Centre secured funding lo implement a SECA body composillon machlne, enhancing the Centrg's health and fitness offerings. This state-of-the-art equlpment wlll provide members with detailed insights into body ctsmposilion. The introduction of this technology underscore5 the Cenlre's commitment to promoting eMd8nce- based health monitoring and impioving the overall wellbeing of ils community. Our Indusion and partnership manager introduced a 'Do you see me" campaign. In partnership with Optalis. the campaign aimed at older people. adults wllh a disabillty and people with mentsl health ngeds both in the community and at home. Successfully filming lo raise awareness of indlvlduals who are1Sving wilhlgarning disabilities. With one video receiving 2262 vi8ws in the first week w)sted. nddi The trust continued lo irscrease Facebook subscribers, Inslagram and the introduction of fik Tok. The trust provided morg gdutainment content to all the users. During this period the leisu focus social media posts averaged 2000 organic reach. With an average of 12680 actTve app users per month and 68020 app downk)ads the Trust saw a significant step forward in becoming digital.
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Availablllty & Sorvl¢e Opening Hours Durlng 2024.. the centres have operated as per the contract opening hours schedul8. Loisure Focus has delivered a wide and varièd programme lo ensure the key performance indicators d the contract are met. The timetable continue5 to operate flexible, imaginative and varied activities with easy access and equipment for all sections of the community. Attendance across the contract increased 19.9OA when compared to last year. Leisure Focus has operatsd a number of corporate and local prornolionslinitiatives aimed al raising awareness and increasing participation, examples can bg seen below.. A number of promotions have been operated throughout the year to raise awareness and inCT&ase opputuntlies for participation in the fitness studios and gym. Successftjl promotions include Refer A Friend and black Friday. Open community campaigns were also used a5 an initiative lo dgvdop participation for less active demographics such as 60 plus through aging well. The overall contract inGroased by 3.55% in gym memberships. Junior gym usage continues lo be high across the 5 centres. The sessions offer supervised fitness suite access for those 13-16. Sessions aim lo improve fitness, encourage physical aclivity amongst young people. reduce childhood obesity and promote social interaction in a positive environment. rou Fitness The programme offers over 200 classes per week across both Windsor and Braywick leisure centres. Adapting new innovative classes lo the programme, such as mobility and cardiac, again aimed at redurAng the barriers for inactsvity. Classes increased its variety lo in¢lud8 Baby and Me and core classes. unior A number of new sessions were added to the schedule, induding the introduction of more netball sesslons, bounce and play within more cenlres for toddlèrs and pay and play football. In addition, new slots were made available to support expansion of existing clubs. The FANS scheme {Free Access for National Sportspeople) - S athletes using the facilities fr80 of charge to help their training, compared lo 3 tho previous year. The exercise referral scheme operates from Windsof and Braywick Leisuro Cenlre's and includes a programme of prescribed gym, swim and aerobic activilies wth ongoing support from a fully qualrfied fitness profgssional. Thg aim of the scheme is to oncourage, educate and improve regular participation in physical adivity in pa*'ents who are at risk to the development of disease and disability- The health department developed through recruilmenl of a qualified cardiac practitioner, delivering cardiac support and Programmes as well as Classes. The Partnership with the NHS services continued lo develop and strengthen with the trust aiming lo assist al breaking down barriers for those inactive. Leisure Focus works in partnership wth Swim England lo provide the swim prograrnme that caters for all abilities and ages. Tha Swim Ct)ordinators are directly targeting schools to offer assistance and highlight the school swimming project to help reduce the percentage of non- swimmers in the are8. Swim school. The swim s¢hool increased 8% from last year closing the gap to reaching 2000 swimmers. wim The Swirn lesson programme gives rgal value for money w¢lh quality teaching and additlonal free swlmming lo all children on any vlsil to our facilitlgs to 8ncourage participation. All members on the programme Can benefit from unlimited swimming at both Windsoi and Braywick during all public swimming limes.
LEISURE FOCUS TRUST TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Leisure Focus conducts an annual price revi8w. Each year, proposed ngw pricing structures are submitted based on the current consumer market and local demand. Core prices for the service period are presented to the coun¢il for approval. Price rises are based on Sept RPI, in advance of January. Leisure Focus works very dosely with RBWM In largeling disadvantaged groups through concessionary pricing. Groups targeted in¢ludg- • Public swimming lover 60s swimming • fitness studio usage Sport participation • Junior activities • Women and girls Medical referrals Disabled user groups The use of promotions and vovchers were also implemented to encourage participation and include= • Facebook promotion and awareness. • Attendance al local 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 offers for swmming and gym membership. Group fitness offers. Free days pass lo trial the fitness and studio programm8. Optr'on for a red or 18x1 memberships to providè more options to customers. • Weekend and gUi8t period activity promotions • Free lasler sessions to encourage partbclpalion. 'Referral' promotions - through existing membors rgferring new members they are rewarded for their loyalty wth number of pdzgs . Summer promotion for junior and student mgmb8rships Promotion for junior all weather pitch football use. • Drowning Prevention water campaign-'summer offers,. Leisure Focus Continues to report rnonlhly on all matters relating lo health and safety. With improvements through digital transformation by moving inspection d)ecklists from paper lo electronic. With particular focus on aulomalion. The trust 8nsures health and safely Is at the forefront by undergoing external and internal audits. Alongside this every six months a developed health and safety committee completes meetings to discuss present operations as well as highlighted risks. Ensuring all stsff understand the importance of health and safety is important lo the Trust, achieving this and developing knowledge is gained by ongoing training. This period saw the contract manager 5tsrting NEBOSH as well as gen8r81 managers and duty Tnanagers gaining IOSH. Renewals achieved where needed. The Institute of aualified Lifeguard5 IIQLI training portal is an onllne management tool which continues lo support the slte's operation delivery and record keeping of Sifeguard Iralning competencies. The electronic accident and incident reporting system has provided a comprehensive template fof the reporting and monitoring of accidents and incidents. The Chlef Execub've, the Compliance Manager, and Conlra¢l Manager with General Managers monitor significant accldent reports and trend5. ui me l equipment Is malntained through the Planned Preventative Malntenanc8 schedule IPPMI. Throughout the service period, contractors and suppliers have undergone procurement lo ensure cost efficiency and service levels are achieved.
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Monthly p•rformanco r Feedback As a means of measuring customer satislaction. each Centre actively oncourag8s direct internal Customer feedba¢k through vgrbal comments, through the website {www.leisurelocus.org.ukl and direct email. Customer feedback is also obtained through a CRM system called Gather. providing real time feedback from customers. This allows centre managgrs to identify the concerns and respond in a timely manner. There are many ways customers can provide us with feedback, including.. Completion of a customer comment card Speaking to a member of staff Writing to the managers Making a verbal cornmenl at reption Emailing the centre Leisure Focus social pagos Customer forums. During the service period we have commissSoned an external agency to complele independent mystery shopper visiureports providing comprehensive information about email responses, lelephono calls and tours of the leisure enlres to undèrstsnd better areas for improvement with regards to eng8ging wth customer5 and improving CL¢Stomer service18vels. Cleani Daily monilorlng is carrled out in all areas to ensurg the centre5 conform to the deaning standards. Centres complete monthly audits of every centre lo review tha haallh and safely as w911 as cleaning standards. Overnight cleaning is an addition completed in the larger c8ntres to ensure efficiency in the centre and not affecting service8. The digital ITansfomiation with electronic ¢he¢ksheets has allowed greater transparency across the trganisation and irnproved tssk resolution completlons.wg continue to review claanllness daily and review deaning regimes and staff rolas to redeploy staff effectively, based on demand. ure Re Each month Leisure Focus i55ues a ¢omprehensive update lo the RBWM contract manager. Thesg updates are delivered during the contract managemonl monthly performance monitoring mgetings.. The monthly KPI'5 include.. . Accidents and Incidents . Attendance Membership collections Marketing and Promotion . Service Improvement Maintenance and Monitoring Health and Safety Planned Preventative Maintenance During the monthly rneelings, the RBWM ntract manager monitors each centre to ensure compliance with the contract documentation and standards expected. Annual Parformance During the report period there were circa 2.5 million visits made to the centres managed by Leisure Focus, a 12.75QA increase on the Previous year. The detsil shows 9% r8gislere(I disabled. 11.3% 60+ and 60A on wr GP referral scheme. The GP Refèrral scheme saw a peak of 134 members registered which was a 16°h increase on last year. Surgeries and referral ¢entres across the Borough afe increasing spe¢lally wlth the development of caTdiac referral wtthln the cenlres.
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Partnership with Lif&tim@ continues in the Trust lo deliver a number of industry apprenticeships which saw staff gain qualifications su¢h as NVQ, swim teacher level 1 and 2 and Fitness instructor level 1 and 2. Apprenticeships across the contract in 202412025 saw 15 employees start their18isure journey. Working in partnership with Gym Fl&x targeting corporate businesses and employ88s. Partnership working with clubs lo provide signposting and pathways for customers to access clubs. On going development of safeguarding children. vulnerable adults, enhanced furthgr with Leisure focus. Capital investment to improve and upgrade facilities and equipment in ggngral via partnership with RBWM for example the Windsor health suite development. Leisure Focu5 partnered with several tnjsts such as NHS and Berkshire actwe to deliver campaigns and sessions lo the community. A highlight of the year was the introduction of a partnership with Honda and Hyundai. Leisure Focus remains commrttgd to reduang its carbon footprint. Throughout the year there has been continued focus on the following key objectives.. Continued lo monitor smart meter data to review consumption and identify best practice. Energy surveys have reviewed to make improvements in energy management and carbon reduction Cafe operations changed products to reduce plastics. Internal action plans for energy management. Carried out ovemighl audlts for energy consumption Tralnlng The Trust continued to off&r èxtensive training lo its staff induding Natlonal Pwl Lifeguard Qualification modules to maintain the lifeguard qualification. Leisure Focus has also dellvered a number of training sessions for its staff across the contract including.. . Customer service training Health and safety training Human resource training Human Focus training Fire warden training Sales training Booking systems & online booking training Diversity and equality training Finance and budget training Health and safety training Social media training Safeguarding training Lifeguard behaviour training Futurè Dov•lopm•nts In 2024, Leisure Focus Trust has undertook key initiatives to enhance its seiCe offerings, usage and participation. We have developed the menu al Braywick leisure centre offering a new hot counter option, renovated the Windsor Health suito and invested in upgrades lo the dua15 class equipmenl.. To wnlinue our sustainability project we have transferred our flood lights lo LED in 2 of the 3 dual centres with the remaining ntre lo complete upgrades in the lollowing year. As part of the new contract commencing 1st April 2025, to recap. Leisure Focus has commrtted to over 40 future developments foT all the siles across the Borough Including thè davelopmenl of the Braywick dub induding addlng 8 Mezzanine floor. the installation of a soft play facility, thg development of Leisure Focus now at cox green to increase its opening hours and for Furze Platt and Charters lgisure cèntre with new Ilooring and new gym equipment. Outside of the Trust, subsidiaries have been expanded to include Tom Dean swim schoDI. Gel Focus media. Leisure Focus Academy and additional centre conlTacts. These subsidiarles support the Trust offering services such as marketing. Olymplc standard swim lessons and in d8plh largeled training qualifications.
LEISURE FOCUS TRUST TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 One of the main potential risks lo the operations of Leisure focus is the ongoing uncertainty regwding the cost ol living crises. whether this will affect the customer spend within the lelsure centres. Also the price increase on suppliers which will in turn increase expenditure on the trust. There has also been uncertalnty regarding the cost of utilities and ensuring we get Ihe best price available across all the sites. Golng con¢¢rn The group reported a surplus for the year of £16,009 12024.. £263.0491 with the Charity reporting a surplus ol £221,82312024'. £264.5341 Al the balance sheet date the group had unrestricted reserves of £1,365,840 {2024'. £1.264,7971 wllh the charity reporting unrestricted resgrv8s of £1.492,141 12024= £1,270,317). Following a tendering process with RBWM. a new servlce contract has been awarded untll al least 31 March 2040. The trust has 8180 secured a 20 year Contract to operate fLtlure leisure actwities al Newlands SC01. This slartsd operations in January 2025. There continues lo be an increase in growth in gym membership and swlmming lessons as well as block bookings for astro pitch and court hire. The Irustees have reviewed the latest financial information and prepared forecasts identifying all known contractual cash commitments to at least 31 March 2027 and compared this lo current cash holdings. The trustees have not identified any going concem conditions in their reviews that rnay impad on the going ¢oncem assumption used in preparing these financial ststements. Based on these budgets and f0casts. and results lor the past 12 months, the trustees are confident that there is adequate funds to Continue operations as well a5 to fund future developments which will assist in the furtheranco of the Tnjsts charitable objectives. Based on the above. the trustees have concluded that there are no material uncertainties that lead to significant doubt upon the Trusts ability to continue as a going concern and therefore the trustees believe that it remains approprfale lo prepare the financial statements on the going concern basis. Finan¢lal review The total group income for the period was £11,764,356 12024: £10,495,357). Of this, £10.478,686 12024.. £9,524,267) was received with respect lo the charitable aclivity'es of the charity such as fitnesslcentre memberships, facility hire, swlmming courses and pool hire. Total group resources expended were £11.748.347 12024.. £10,232,308}. The group's expenditura on charitable a¢tivites was £10,557,32012024.. £9,151.985} . The main cost of the group was salary costs which totalled £4,678.320 12024= £4,017.832} for the period. The resulting net movement of group funds was a surplus of £16,009 12024.. £263.049). The Trust alone reported a surplus of £221,82312024.. £264.534)- Re$orv8s pollcy It Is th8 policy of th8 Trust that unrestricted fijnds whlch have not been designated for a Specif use should be mainlained al a level equivalent lo beeen three and six month's expenditure. The Irusltses consider that reserves at this level will ensure that, in the event of a signiflcant drop in funding, they will be able to conb'nue the Trust's current aclivllies while ConsideraOn is given lo ways in which additional fvnds may be ralsed. This level of reserves has been maintained throughout the period. The Trustees have designated £564,177 of the restricted funds to be used on future developments of the centre5. The Trust is currently receiving quotes for tho developmont that will be carried out on the centres over the next 12 months. Lelsure Focus Trust plans lo continue to grow and look lo increase its portfolio with resped to the number of sile5 that it manages. Following a tendering process with RBWM. the Trust has boen awarded a new setvice agernent lo at least 31 March 2040.
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Stru¢ture, governance and managernent Th8 Trust is a charitsblè in¢orporaled Organisalion registered with the Charity Commission. The Trust was incorporated on 24 Juno 2020 and began its operations in August 2020. The trustees who served during the year and up lo the dale of signature of the financial statements were: MrA Moorehouse (Chairl Ms S J Ansliss Mr T J Wheeler Mrs N Dutton Mr C Joyce Mr S Franks All trustees give their time voluntarily and re1ve no benefits from the charity. The Iruslees are highly motivated lo ensure that the Board has the necessary spread of skills and expertise to ensure good governance. The recwilment of the Iruslees is carried out by oan Edge who have been appointed to manage the recruitment process for Leisure Focus Trust. They prepare the requirements and then advertise them. From here the 8xlsling Trustees then shoruisl the applicants. There is an induction process in place for new trustees and ongoing training lo enable all trustees to keep up lo dale wth changes in regulation andlor good practice. None of the Iruslees has any benefioal interest in the company. All of the Iruslees are members of the Trust and guarantee lo contribute £1 in the event of a winding up. Statement of tru$te85 responsibilities The trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Aecounling Pra¢ticel. The law applicable to charities in England and Wales requires the tnjstees to preparg financial statements for each financial year which gwe a true and fair view ot the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial stslements, the trustees are required lo= seloct suitablg a¢¢ounting policies and then apply them consislenlly. observe thè mèthods and principles in the Charities SORP-, make judgements and 8slimales that are asonable and prudent., slate whether applicable accounting standards have been followèd, subject to any material departures disclosed and explalned in the financial slatemenls., and prepare the financial 51alements on the going concem basis unless it is inappropriat8 to presu that the charity 11 continue in operation. The trustees are responslble for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply w6th the Charities Act 2011, the Charity (Accounts and Reports) Regulations 200S and the provisions ol the trust deed. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable st&ps for the prevention an(1 detection of fraud and other irregularities. 10-
LEISURE FOCUS TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Disclosuré of Informatlon to auditor Each of the trustees has confirrned that th8re is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and lo establish that the auditor is aware of such information. The trustees report was appro by the Board of Trustges. MrTJ Trustee hoeler Dale..
LEISURE FOCUS TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF LEISURE FOCUS TRUST Opinion We have audited the financial statsmenls of LeisLsre Focus Trust Ilhe parent 'Chari1 and ils subsidiartes Ilhe 'group'l for the year ended 31 March 2025 which comprise the ¢onsolidaled stattrmenl of financial activities, the cons01id8led balance sheet. the charity balance sheet, the consolidated statement of ¢ash flows, the charity slalemenl of cashflows and the notes to the financial slalements, induding significant accounting pr)licies.The rinancial reporting framework that has bggn applied in their preparation is applicaNe law and Unit1 Kingdom Accounting Stsndards, including Charities SORP Accounting and Reporting by Charities.- Statement of Recommended Practice applicable lo Charities preparing their accounts in accordan wllh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. In our opinion, the financlal slalemenls.. give a true and fair view of the slate of the group and charity's affairs as at 31 March 2025 and of tho groups incoming resources and application of resources. for the year then ended., have been properfy prepared in accordance with United Klngdom Generally Accepted Accounting Practi- and have begn propared in accordance with the Charities Act 2011. Basis for opinion We condu¢led our audit in accordanc8 with International Standards on Auditing IUKI IISAS (UK)) and applicable law. Our rtssponsibililies under those standards are further described in the Auditors responbilitieS for the audit ol the fin8nci81 statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financlal slatem&nts in the UK, including the FRC'S Ethical standard. and we have fijifilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtainèd is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concem In auditing th8 financial stslernents. we have concluded that the trustees use of th8 going concern basis of accounting in the preparation of the finanaal statements is appropriate. Based on the work we have performed. we have not idonlrfigd any material uncertainties relating to events or conditions that, individually or colle¢lively. may cast significant doubt on the charity'5 ability to continue as a going concern for a period of al least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Othgr inforniatlon The other infomiation comprises the information included in the annual report other than the finarKial slaternenls and our audilorfs report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assuTan¢e Conclusion Ihereon. Our resrx)nsibility is to read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the Course of the audit, or otheMise appears to be materially misstated. If we identify 5u¢h materk41 inconsistencies or apparent material misslalements, w8 are required lo determine whether this gives rise to a materBI misstalemenl in the financial statements themselves. 11. based on the work we have performed, we Conclude that there is a material misststemenl of this other information. we are required lo report that fact. We have nothing to rgport in thls regard. 12-
LEISURE FOCUS TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEISURE FOCUS TRUST Matters on whl¢h we are requlred to report by exceptlon We have nothing to Teport In respect of the following matters in relafjon to whlch the Charfties (Accounts and Reports) Regulations 2008 requires us lo report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the trustees report.. or sufficient accounting records have not been kept. or the financial slalements are not in agreement with the accounting records.. or we havg not received all the infomatlon arKI explanations we require for our audiL ResponsSbllltles of trustees As explained more fully in the statement of trustees responsibilities, Ihg trustees are responsible for the preparaOn of the flnancial ststemenls and for being satisfied that they glve a trug and fair view, and for such internal ¢onlrol as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether duè to fraud or error. In preparing the financial statements. the Iruslees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concem basis of accounting unless the Iruste8s either intend lo cease q)8rations, or have no realistic alternativg but to do so. Audltorfs rosponslbllltles for th• audlt of tho financlal statoments We have beèn appointed as auditor under section 144 of the Charilles Act 2011 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are to obtain reasonable assurance atrK)ut whether the financial ststemenls as a Who are free from material misstatement, whether duo to fraud OT error. and lo issue an auditorfs report that includes our opinion. Reasonable assurance is 8 high level of assurance but is not a guarantee that an audit conducted in accordanca with ISAS {UKI will always detg¢t a material misstatement when il exist5. Misststements can arise from fraud or erroT and are considered material if, individually or in the aggregate. they could reasonably be expeded to inftuence the economic decisions of users taken on the basis of these financial stslemenls. The exlenl lo lch our procedures are capable of dglecling irregularities. including fraud, is tlets51ed below. 13-
LEISURE FOCUS TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEISURE FOCUS TRUST Fraud and breaches of laws and regulatlon$- abS11ty to detsct Idenltying and responding to risks of matefr7al misstaten7ent due to fraud To identify risks of material mis5tstement due to fraud I"fraud rlsks"} we assessed events or Conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commf( fraud or provK10 an opportunity to commit fraud. Our risk assessment procedures included: Enquiry of management and those charged wllh governance around actual and potential litigation and claims. Enquiry of entity staff in compliance functions to identify any instsn¢es of non-compliance with laws and regulations. Roviewing financial statement disclosures and tests'ng to supporting documentation to assess wmpliance with applicable laws and regulations. Using analytiC81 procedures to identify any unusual or unexpected relationships. Auditing the risk of management override of controls. including through lesling joumal entries and other adjustments for appropriateness, and evaluating the rationale of significant transactions outside the Charitsble obje¢tives of the charity. We communicated identified fraud risk5 throughout the audit team and remained alert lo any indications of fraud throughout the audit. As required by auditing standards. and laklng Into account our overall knoedge of the control environment, we perform procedures lo address the risk of management override of controls, in particular the risk that management may be in a positlon to make in appropriate a¢unting entries. We did not identify any additional fraud risks. We perfomied proceduras induding idtsntifylng joumal entries lo test based on risk criteria and cotnparing id8ntifi@d entriès to supportlng documentation. These includad those posted to unrglated accounts. those posted contsining key words. and those posted lo an account linkad to a fraud risk. 14-
LEISURE FOCUS TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEISURE FOCUS TRUST Identi.n9 8nd responding lo risks of materi81 misstatem$nt due to non-comp11&n wilh laws and regulations We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financAal statements from our sedor experienc@, and through discussions wth the Iruslees and other management {as required by auditing standards). and from inspection of the Charity's regulatory and legal correspond8nce and discussed with the trustees and other management th& pollcies and procedures regarding compliance with laws and regulations. We communicated idenlrfied laws and rggulalions throughout our team and remained alert to any indications of non- compliance throughout the audit. The Charity is subject to laws and regulations that dSreclly affect the financial slalements including financial reporting legislation lincluding related ¢harilies legislalionl and lax legislation. and we assessed the extent of compliance with these laws and regulations as part of our prwedures on the related financial statemgnt items. We did not identify 8ny others where the consequences of non-compliance alone could have a material effect on amounts or disclosures in the financial slalernenls. Context of the ability of the audit ro dgtècl fraud orbreaches of law orregulat Owing to the inherent limitations of an audit, there Is an unavoidable risk that we may not have detected some material misstatements in the financial stalemenls, even though we have properfy planned and perfornwd our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions refle¢ted in the financial statements. the less likely the inherently limited Procedures required by auditing stsndards would identify IL In addition, as with any audit, there rgmained a hlgher risk of non-detection of fraud. as these may involve colluslon. forgery, intentional omissions. misrepresgnlalions, or the override of internal controls. Our audit procedures ar8 designed to delect material misstatement. Wè are not responsible for preventing nonwcompliance or fraLJd and cannot be expected to detect non•compl1an with all laws arKI regulations. A further description of our responslbiliues Is available on the Financial Reporting Council's website al.. htty)s-.11 wvm.frc.org.uklaudilorsresponsibililies. This description forms part of our aydilorfs report. of our r•port This report is made solely lo the charity's Iruslees, as a body, in accordance with Part 4 of the Charities IA¢¢ounls and Reports) Regulations 2008. Our audit work has been undertaken 50 that we might state lo the charity's Iruslees those matters we are required to stste to them in an auditor's report and for no other purpose. To bye fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the ch8rJty' trustees as a body, for our audit work. for this report. or for the opinions we have formed. Paul Fagan FCCA IS•nlor Statutory Audltorl for and on behalf of Craufurd Hal8 Audlt S•rvl¢es Llmlt•d 3110112026 Chart•r•d A¢¢ountants Statutory Audltor CIO Crauftird Hale Group Ground Floor, Arena Court Crown Lane MAIDENHEAD SL6 8QZ 1s-
LEISURE FOCUS TRUST GROUP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlctod Unr¢strlctèd funds funds 2025 2024 Notos Membership fees and aclivilie5 Shop and Dthèr sales income Investments 10,478,686 1.267,402 18,268 9,524,267 968,935 2,155 Total income 11.764,356 10,495,357 Raising funds Charitable activities 1,191,027 1,080,323 10.557,320 9,151,985 Total resourcas •xnded 11,748.347 10,232.308 Net incoma for the yearl Net movement In funds 16,009 263.049 Fund balances at 1 April 2024 1.264,797 1.001,748 Fund balances at 31 March 2025 1,280,806 1,264,797 Net incomg for the financial year is attributable as follows.. Parent entity Minority interest- THAAM Limited 101,043 185,0341 263,049 16.009 263,049 The statement of financial aclivi119s includes all gains and losses recognised in the year. All iwme and expenditure derive from continuing aclivilies. 16-
LEISURE FOCUS TRUST GROUP BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Flxed a$s8ts Tangible assets 12 788,897 74S.547 Current assets Stocks Dgblors Cash at bank and In hand 14 15 89,113 671.250 2.380.101 54,926 795,998 1,524,272 3,140,464 2.375,196 Credltors: amounts falllng due withln one year 16 12,648,5551 11.855,946} Nat current assets 491,909 519.250 Total as$ots1oss currant Ilabllttles 1,280,806 1,264.797 The funds of the charlty unrestrict funds- general Uniestricled funds- designated funds Non controlllng inlergsls - THAAM Limited 18 18 18 801,663 564,177 {85,0341 700,620 564.177 1,280,806 1,264.797 The notes on pages 2110 37 form part of Ih8s8 financial staternents. T,he financial slalements were approved by the trustees on ............ Mr T J Wheeler Trustee 17-
LEISURE FOCUS TRUST CHARITY BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notès Flxed assets Tangible assets Investments 12 13 788,897 200 745.547 100 789,097 745,647 Currnnt assots Stocks Debtors Cash al bank and in hand 14 15 60,791 901,283 2,362,230 48,529 806,770 1.524.272 3,324,304 2,379,571 Credltors: amounts falllng duo wlthln one year 16 {2.621,2601 11,854,901) Not Current assets 703.044 524,670 Total assets less Current Ilabllltl8s 1,492,141 1,270,317 The fund$ of the charlty Unrestricted funds- general Unrestrided funds- designated fijnds 18 18 927,964 584.177 706,140 564,177 1,492,141 1.270,317 The notes on pages 21 10 37 forni part of these financial statements. The financi81 ststements were approved by the trustees on .... Mr T J Wheeler Trusts•
LEISURE FOCUS TRUST GROUP STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating actIvItS Cash generated from operations 1,110,902 763.743 Investlng activities Purchase of tangible fixgd assets Investment income received 1273,341) 18,268 {570,259} 2,155 Net cash u$od Sn Inve$tlng activltl¢s 1255.0731 {568.1041 N•t ¢ash usod in financing activities Net incroase In cash and cash equlvalgnts 855,829 195,639 Cash and Cash equivalents at baginning of yèar 1,524,272 1,328,633 Cash and cash equivalents at end of year 2.380,101 1,524,272 The notes on pages 21 to 37 form part of these )Inanual statements. 19-
LEISURE FOCUS TRUST CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notos Cash flows from operating activities Cash ggngratod from operations 26 1,093.131 763.743 Investing athvltie$ Purchase of tangible fixed assets Purchase of of subsidiary Investment income received 1273,3411 11001 18.268 1570.2591 2.155 Net cash us8d In Invostlng actlvltles {255.f73) 1568,1041 Nat cash used In flnan¢lng a¢tlvltl•$ N•t InCrs• In cash and cash equivalents 837.958 195.639 Cash and cash equiv818nts at b8ginning of year 1.524,272 1,328,633 Ca$h and cash equivalents at end of year 2.362.230 1,524,272 The notes on pages 21 to 37 foim part of these financSal stalemgnts. -20-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlng pollcles Charlty Informatlon Leisure Focus Trust is a not-for-profil Charitable Incorporal8d Organisalion ICIOI, having no shar8 capital. The charity is rggislered in England and Wales. The registered office is Windsor Leisure Centre, Styvell Road, Windsor, SL4 5JB. 1.1 Accounting ¢onventlon The financial stalemonts have boen prepared in accordance with the charity'5 goveming document, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 10?,) and the Charities SORP "Accounting and Reporting by Charities.. Slalement ol Recomm8nd8d Pra¢ti¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. The charity is a Public Benefit Entity as defined by FRS 102. The financial slalemenls are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial ststements are rounded to the nearest e. The finanaal statements have been prepared under the historical cost convention. The principal accounting x)Iicios adopted are set out below. This charty is a qUalIng ontily for the purposes of FRS 102, being a member of a group wheT8 the par8nl of that group prepares publicly available consolidated financial slalemenls, including this charity, wtich are intended lo g¢ve a true and fair vtew of the assets, liabilities. financial position and profrt and loss of the group. Bas1$ of ¢onsolldatlon The consolidated group financAal statements conslsl of the financial statements of the parent entity. Leisure Focus Trust, together wth all entities controlled by the parent entity lils subsidiaries). All financial statements are made up lo 31 March 2025. All intra-group balances and transactions beiween group enlilies are eliminated on consolidation. Subsidiaries are consolidated in the group's financyal ststemenls from the date that control commences until the date that control ceases. Thg subsidiaries Leisure Focus miled {registered number 13393994), Got in Focus Media Limit& (registered number 15642128) and THAAM Limitgd (registered nUMr 157974431, are exempl from the audit of financial slalemenls in the United Kingdom und8r wtion 479A of the Companies Act 2006 Iunited Kingdom). The exemption means that Leisure Focus Trust IgIstered number 11900951, guarantees for all subsidiaries (Leisuie Focus Limited. Gel in Focus Medra Limited and THAAM Limited) debts as at 31 March 2025 are paid in full. 21
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcies {Contlnu•d} 1.2 Golng concern At the lime of approving the financial statements, the trustees have a reasonable expectatson that the Trust and the group has adequate resourcos to Continue in operational existence for the foreseeable future. The Trust reported a surplus for the year of £221,82312024.. £267.534}. At the balance sheet dale the Trust had unrestricted reserves of £1,492,141 12024.. £1,270,317). The group reported a surplus for the year of £16.009 12024.. £2e3,0491. At the balance sheet dale the gnxjp had unrestricted reserves of £1,365,840 12024.. £1,264,797) after taking into account the minority interest of £85,03412024: £nil} as discla8ed on the balan sheet. Following a tendedng process with RBWM. a new service contract has been awarded until al least 31 March 2040. The trust has also secured a 20 year contract to operate fLrture leisure actiwties at Newlands Sch)ol. This start9d operations in January 2025. Therè continues to be an increase in growth in gym membership and swimming lessons as well as block bookings for astro pil¢h and court hire. The trustees have reviewed the latest financial infornialion and prepared forecasts identifying all known contractual cash commitments to al18asl 31 March 2027 and compared this to current cash holdings. The trustees have not identified any going concern conditions in their reviews that may impact on the gcing ¢on¢grn assumption used in preparing thgse financial stalemenls. Based on these budgets and forecasts, and results for the past 12 months. the trustees a confident that there is adequate funds lo continue operations as well as to fund future developments which wll assist in the furtherance of the Trusts Charitable objective5. Based on the above. the Iruslees have concluded that there are no material uncertainties that lead lo significant doubt upon the Tru515 ability to continue as a going nCern and therefore the trustees believe that it remains appropriate to prepare the financial stslements on the going concem basis. 1.3 Charltable fund$ Unreslrictsd funds are available for use at the discretion of the truslees in fiJrtheTance of thelr charitabl objectivgs. Designated funds eomprise funds which have been set aside al the discretion of the Injstees for specific purposes. The purposes and uses of the designated funds are set out in the notes lo the financial statements. 1.4 Incom• Income is recognlsed when the chaTlty and ils subsidiaries are Iggally entitled to it after any performance conditions have been mel. the amounts ¢an be measured reliably. and il is probable that income wll be received. Income from rnembership is recognise(J on a slraighl Ilne basis over the period covered by the membership. Income from the operation of catering, ver¢ding and the sale of clothing and èquipment is recognised as income in the period in which the charity bècomes enlilled lo th8 receipt. Hire of facililles and equipment is recognised in the period to which the hire transpires. Revenue grants receivable a rgcognised in the Stslemenl of Financial Acllvllles wh8n there is edence ol enlillernent, receipt is probable and ils amount can be measured reliably. 22-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued 1.5 Expenditure Expenditure is included on an accruals basis and has been classified under headings that aggregate all costs related lo the category. Expendf(ure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo third party, il Is probable that a transfer of gwnomic benefits will be required in settlernenl, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir costs and shared costs, Including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocatgd directly lo that activity. Shared c051s whi¢h contribute lo more than one activity and support costs which ar9 not attributable to a singl@ activity are apportionèd beeen those activit8 on a basis consistent with the usa of resources. Staff cosls are allocated on the basis of time spent. Governance costs include those costs associated with meeting the constitutional and stslutory r8quirements of the charity and include audit fees and costs linked to the strategi¢ management of the ch8rity. Irrecoverable VAT is charged as a cost against the activity for whlch the 8xpenditUTe was incurred. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include finance, payroll and goverrsance Costs which support the Charity in delivering its charitable objectives. These costs have been allocated entirely to charttable activrfties as these are deemed to be for Charitab purposes. 1.6 Tangible fixed as$ots Tar)gible fixed assats are initially mgasured al cost and subsequèndy measured at cost, net of depreciation. Depreciation is recc•Jnised so as to write off the cost of assets over their uselul lives on the followir)g bases.. Leasehold land and buildings Plant and equipment Fixtures and fittings Cornputers 20¥0 slraighl line 25Vo straight line 20°/v Straight line 250/D Straight line 1.7 Fixed a$$8t investment In the parent entity, fixed asset investments are measured at Iransactlon price excluding Iransactlon costs. Transaction costs are expensed as incurred. In Ihe parent entty, fixed asset investments r8presents shares held in 8 subsidiary company. A sijbsidiary is an entity controlled by the charity- Control is the power to govern the finandal and operatlng policies of the entity so as to obtain benefits from its activities. 1.B Impalmient of flxed assots Al each reporting end dale, the tharty reviews the carrying amounts of its langlbl& ass8ts to d8temiin8 whether there is any indication that thosg assets have suffèred an impaifment loss. If any such indralion exists, the recoverable amount of the asset is eslimated in order to determine the extent of the impairrnenl loss lif any). 1.9 stocks Stocks are ststed at the lower of cost and estimated selling prtce less costs to Complete and sell. .23-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting poli¢le$ Icontlnuedl 1.10 Cash and cash equivalents Cash and cash equivalents are basic financial assets and represents cash in hand. 1.11 Flnanclal In$trum8nts The group only has financial assets and financial liabilities of a knnd that qualify as basic financial instruments. Financial instrurnenls aro recognised in the charitls and group's balance sheet when the charity and ils subsidiaries becomes p8rty to the contractual provisions of the instrLTrmenl. Baslc flnancial assets Basc financlal assets, which Include debtors and cash and bank balances, are measurèd at transaction price includin9 transadon costs. Fln8ncial assets are dassrfigd as receivable within one year and are not amorbsed. Basic financial Ilabllltles Basic financial liabilities. induding cred((ors are recognised al transaction price. FinanrAal liabilitie5 are dassified as payable within one year and are not amortised. Trade creditors are obligations lo pay for goods or servl¢es that have been acqulred in the ordinary course of operations from suppliers. Amounts payable are classmed as cuThenl li8bilitles on the basis that payment Is due within one year or less. Derecognltlon of Ilnanclal Ilabilitles Financial liabilities are derecognised when the charitys and Its subsidiaries contractual obligations expire or are discharged or cancelled. 1.12 Talon The charity. as a charity, is not liablg for assessment to tax on ils income and gains to the exlenl that they are applied to Ils charitable objectives. 1.13 Employee ben•fits The cost of any unused holiday enlillemgnl is recognised in the period in which the employee's services are received. 1.14 Rètlrement beneflt$ Payrnents lo defined contribution ratiremenl benefit schemes arg charged as 8n expense as they fall due. As detailed in note 18, the charity contributes to a LGPS scheme, a defined benefrt scheme. On the basis that any liability arising from the deficit in funding of the scheme is deemed to be a liability of RBWM, payments to this scheme are charged as an expense as they fall due. -24-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Membershlp fees and actlvStl•s harltsble Income Totsl 2025 Ch#rftab In¢¢*mÈ 2024 Total 2024 2025 Fitness memberships Fitness other Indoor advlfjes Outdoor actNities Tennis Swimming pool pay and play Swimming pool hire Swimming courses Swlmming memberships Facilty Hire and hlre of equipment Childrens activities Miscellaneous 4,880.067 4,880,067 4.254,356 4,254.356 248.576 248,576 213,707 213,707 494,410 494,410 455,318 455,318 532,086 532,086 441,782 441,782 31,443 31,443 20.044 20.044 1,240.733 1,240,733 1,331,619 1,331,619 356,245 3S6,245 333,236 333,236 1.54Q,873 1,540,873 1.421,752 1,421,752 293,334 293,334 268,895 268,895 681,577 681,577 596,637 596,637 42,716 42,716 44,129 44,129 136,626 136,626 142.792 142,792 10.478.686 10.478,686 9.524,267 9.524.267 Shop and other salas Income Unrnstrlctsd Unrestrictsd funds funds 2025 2024 Sale of goods - Catering Sale of goods - Vending Sale of g¢Jods - Clothing and equipment Sale of goods - Other Trading subsidiary income 817,243 79,461 171,600 16.367 182.731 718,242 66,318 176.262 8.113 Other trading activities 1.267,402 968.935 Income from investmènts Unrestrlcted Unrestricted funds funds 2025 2024 Interest receivable 18.268 2,155 -25-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ralslng funds Unrostrlctsd Unrastrlcted funds funds 2025 2024 Sale of good purchases Cost of food Cost of beverages Cost of clothing Opening stock Closing stock 6,808 421,922 51,260 82,134 48,529 160,7911 6,906 400.464 45,352 111,759 55,389 148,5291 Cost of goods sold S49,862 571.341 Trading subsidiary costs Marketing and advertising costs Stsff costs (note 101 200.828 62,2S6 378,081 4.485 52.876 451,621 1,191.027 1,080,323 -26-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltable actlvltlgs 2025 2024 Stsff costs Inote 101 Depreryation and impalrment Self employed coaches Travel and subsistence Tralnlng Clganing Maintenance and repaifs Computer costs Insurance Printing, postage and stationary Rates Health and Safgty Legal and professional Bank charges Small assets and consumables Telephone Partial VAT exemptions Li¢gnces Terminal charges Miscellaneous expenses Rent 3,844,910 3,208.889 229,991 116,110 288,801 291,464 23,937 11,851 57,e91 58,389 163.552 166,681 366,135 334,152 137,676 145.985 159,402 163.885 20,378 17,455 1,276,359 1,119,610 20,298 14,282 85.725 33,232 74,488 59,197 105,225 79,050 36,412 41,183 544.496 566,489 89.279 59,301 45,446 34.429 19,252 24,383 2.398.935 2,130,291 9,988,588 8.676,308 Share of support costs (see note 71 Share of govemance costs (see note 71 4S5,329 113.403 357.323 118.354 10.557.320 9,151.985 27-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Governance costs costs 2025 2024 staff costs (note 101 455,329 4SS,329 357,322 Audll fg9S Legal and professional Bad debt 15,745 93,431 4,227 15,745 93,431 4,227 16.990 92.541 8.824 455,329 113,403 568,732 475.677 Analysed between Charitable activities 455.329 113,403 568,732 475.677 455,329 113.403 568,732 475,677 AII SUPPDrt and governance costs are deemed lo be for charitable purposes and have therefore been allo¢at6d in their entirety lo charbtable activities. Govemance costs includes payments to the audltors of £15.745 (2024= £15.9951 for audit fees. Net mov•mont In funds 2025 2024 The nel movement in fvnds is staled after charg1(Creditin9}'. Fg¢s payable for the audit of the ¢harty's finanryal statements Depreciation of owned tangible fixed assets 15,745 229,991 15,995 116,110 Trustees and key manag¢m•nt porsonnel Key management personnel are regarded as Ihe trustees, the managing director. the finan director and the compliance manager. None of the trustoes received any remuneration or benefits from the Trust during the year. Trustees were reirnbursed expenditure during the year lotalling £13,947. The total key management remuneration and benefits paid in the period totalled £237,05312Q24.. £202,4471- This amount includes two key management personnel who received remuneration in exces5 of £60,000. Three children of one of the Trustees and one son of one of the key management personnel received remuneration during the year lolalling £36,03612024: £31.1611 which were made at an aTm's lengths basis. Some of the trustees hold memberships lo use the facilrties of Leisure Focus Trust. These memberships are paid at the standard market rate, identical to the rates offered lo the general public. These rnemberships are not subject to any discounts or speaal prfvileges and are therefore conducted on an arni's length basis. -28-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees The avarage monthly number of employees during the year was.. Group 2025 Number Group 2024 Number Company 2025 Number Company 2024 Number 445 413 44S 413 Employment costs Group 2025 Group 2024 Company 2025 Company 2024 Wages and salaries Social seeurlty costs Other pension costs 4.359.308 244,951 74,061 3,758,135 195,555 64,142 4,359.308 244,951 74,061 3.758.135 195,555 64,142 4.678,320 4.017,832 4.678,320 4.017.832 Employment Costs have been allocated as follows.. 2025 2024 Raislng funds {note 5} Charitable activities (note 6} SLlPPOrt costs {notg 7} 378,081 3,844,910 455.329 451,621 3,208,889 357,322 4,678,320 4,017.832 Other than key management personnel as disdosed in note 9, no other omployee received r8mungration in excess of £80.000. 11 Taxation The charity is exempt from taxation on ils activities becausfy all its income is applied for charitable purposes. 29-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tanglble flxed assets - Group and Charlty Le35ehold land and buildin Plant and FlxtUTes and equlpment ffttlngs Computers Total Cost Al 1 April 2024 Additions 229,787 1.184 23,423 4,880 613.003 255,292 65,233 11,985 931.446 273,341 At 31 March 2025 230,971 28,303 868,295 77,218 1.204.787 Doprgciation and impaimi•nt Al 1 April 2024 Depreciation charged in the year 37,803 52,704 6,S67 6,161 113,281 151,979 28,248 19,147 185,899 229,991 At 31 March 2025 90,507 12.728 265,260 47,395 415.890 Carrylng amount Al 31 March 2025 140,484 15.575 603,035 29,823 788.897 Al 31 March 2024 191,984 16,856 499,722 36,985 745,547 30-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Flxed asset Investments Group C¢mpany Cost or valuatlon Al 1 April 2024 Additions 1LK) 100 Al 31 March 2025 21)0 Impairment Al 1 April 2024 At 31 Mafch 2025 Carying amount At 31 March 2025 200 At 31 March 2024 loo Company 2025 Company 2024 Other investments comprise.. Inveslrnènts in subsidiarios 23 200 100 14 Stocks GTOUP 2025 Group 2024 Company 2025 Company 2024 Goods for resale 89,113 54.926 60.791 48,529 15 Dgbtors Group 2025 Group 2024 Company 2025 Company 2024 Amounts falllng due vAthln year: Trade debtors Amounts owed by f8llow group undertaklngs Other debtors Prepayments and accrued income 426,483 530.573 424,443 244,571 55,537 176,731 530,573 10,772 87,051 178,374 57,054 187.713 87,051 178,374 671,250 795,998 901.282 806.770 31
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Crgdltors: amounts falllng due wlthin one year Group 2025 Group 2024 Company 2025 Company 2024 Other taxation and social security Deferred income Trade creditors Other ¢reditors Accruals 88,136 392,339 1.476,130 112,385 579,565 87,429 325,123 991,255 99,110 353,029 129,530 392,339 1,445,316 82.385 571,690 87,429 325,123 991,255 97,065 354,029 2,648,555 1,855,946 2,621,260 1,854,901 17 Ratirement benefit schemes 2025 2024 Defined Contribution schemes ChaTge to profit or loss in respect of defined contributM)n schemes 74,061 64,142 The charity c4Jntributes to the following pension stemgS= a defined Contriblon pension scheme for all qualifying employees. The asse15 of the s¢heme are held separately from those of the charity in an independenly administered fund. LGPS schgmg. a dgfined benefit scheme. The assets of the scheme are held separately from those of the charity. Thè sch8me is administered by the Royal Borough of Windsor and Maidenhead IRBWMI. No provision has been provided for or disclosed withln these financial stslements on the basis that any liability arising from the deficit in fiJndin9 of the scheme 18 deemed to be a liab51ty of RBWM. 18 Analysls of net assèts b•twean fund$ Group Unrestrictod Subsidiary funds funds Minorlty De$lgn8d Interest fund$ (note 19) 2025 T¢lal 2025 2025 2025 2025 At 31 March 2025: Tangible assets Current asselsllliabilities) 788,897 136.673 788,897 491,909 (123.907) (85,0341 564,177 925.570 {123,907) 185,0341 564.377 1,280,806 -32-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Analy$l$ of net assets between funds {Continu•d) Unrestricted Subsldlary funds funds Mlnorfty Dosignated Intsrest funds Total 2024 2024 2024 2024 2024 At 31 March 2024- Tangible assets Current assetsllliabililiesl {nots 191 745,547 {39,4071 745,547 519,250 15.5201 564,177 706.140 15.5201 564,177 1.264,797 Charity Unrestricted Unrestricted fvnd$ funds Total Total 2025 2024 At 31 March 2024: Tangible assets Investments Current assetsllliabilitiesl 788.897 200 703,044 745,547 100 524,670 1,492.141 1,270,317 19 Oasignatgd funds - group and company The unrestricted funds of the charity comprise the unexpended balances of incorne received with respect to membership fees and activities which are not subject to specific conditions as to how they may be used. These include designated funds which have been s8t aside out of unrestricted funds by the trustees for speafic purposes. Balance at Incomlng rosources Incomlng Balance at r•s¢)ur¢e8 31 March 2025 1 Aprfl 2023 1 April 2024 Leisure centre repairs 564.177 564,177 564,177 564,177 564.177 564,177 The Trustees have designated the above funds to be used on future developments of the centres. The charity s currently receiving quotes for the development Ihal will be carried out on the cenlres over the next 12 months. 20 Flnan¢lal commltm•ntSg guarantees and contingent liabllltle$ At the reporting end date the charity had outstanding commitments for future mSnimum payments for a servi level agrèement and license. being £60,000 {2024'. £nill falling due within 12 months. 33-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Operating lease commitments L¢$s•o At th8 reporting end dale the Charfty had outstanding commitments for futufe minimurn lease payments under non-cancellable operating leases. which fall due as follows.. 2025 2024 Within one year 2,576.193 Operdling lease commitmants disdosed in the prior year related to previous 0rating arrangements for the leisure facilities with the Royal Borough of Windsor & Maidenhead IRBWMI. Al 31 March 2025. the agrment was reaCed by a new leisure operating and ¢on¢ession agr@@mgnt with RBWM. Under this arrangarnant Leisure Focus Trust acts as agent for RBWM. All income generated via the operation of the lèisur8 facilities is income earned by RBWM under this new agreement. Leisure Focus Trust receive a management fee in retum for their services performed In furtherance of Ihglr Ghafitable objectives. Ancillary services (such as food and beverage sale51 are operated under the ¢on¢ossion agr88menl wher8by a connected company, Lgisure Focus Limited. has been granted authority to run these setvices with no concession fee payable and any SUTplus is gift aided lo the Trust. The new agre8m8nt commenced on 1 April 2025 and 8xpir8s in 15 years from the commencement dale. The new agregmenl does not give rise lo fixed or determinable luture payments. and therefore rso commitment exist at the balance sheet dale. As part of the agreement. Leisure Focus TnJsl is required to lake oul and maintain PLtblic Liability Insurance with cover of not less than £10.000,000
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Related party transactlons In addition to those transactions with respect lo trustags and key management personnel as detail in note 9. the charity had the following Telaled party transactnS.. Strateglc Health Ltd During the year, Lelsure Focus Trust incurred Costs lotslling £9,000 with respect lo consultation and support during the bid process. Slrat8gic Health Limited is a company in which a trustees brother and partner are directors. All transactions wère made al an arms length basis. No balance remains outstanding al the balanc8 sheet dale12024.' £nill. Maldgnhead United W¢men'$ FC Ouring the year Leisure Focus Trust received income for use of the pitches al the centres from MaKJenhead Unitgd Women's FC totalling £5,03712024'. £1,808), an entity in which one of the Leisure Focus Trustees is the facilities officer and a member of Leisure Focus Trusts key management personnel is the Chair. All transaclions were made at an arms length basis. No balance remains outstanding at the balance Sheet dale {2024.' £nill. Lel$uT• Focus Limlted Al the balance sheel date the Trust was owed £1,09012024'. £10.772) from Leisu Focus Limited, a wholly owned subsidiary of the Trust. There were no reportable lated paty transactions In the year. THAAM Llmlted During the year the Trust charged £180,937 in management fees, wages and THAAM Limiled's share of costs to THAAM Limited, a 60% owned subsl8ry of Leisure Focus Limited. Leisure Focus Limited is a wholly owned subsidiary of the Trust. At the balance sheet dale thg Trust was owed £222,674 {2024.. £nill from THAAM Limited. Gat In Focus Media During the year Get In Focus Media Llmlled, a whc41y owned subsidiary of the Trust. invoiced the Trust £20.00012024.' £nill for maTketing work. During the year th8 Trust invoiced Gel In Focus Media Limited a total of £21.753 wth respect to ts Share of salary and rn8rketing costs. During the year Gel In Focus Media donated £4,276 to the Trust. At the balance sheet date the Trust was owed £13,08412024.' £16.0001 from Get In Focus Media Limited.
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 23 Subsldlarles These finanaal slalemgnls are prepared on a consolidated basis. Delai15 of the charity's subsidiarfes (which have also been Included in these consolidated financial ststgmenl$) at 31 March 2025 are as follows.. Name ol undertaklng R8glsterad office Naturn of business Class of $haras hgld Ok Held Direct Lelsure Focus Limited THAAM Limited ' Gat in Focus Media Limited England and Wales Event catering England and Walos Sports activities England and Wales Ordinary shares Ordinary shares Ordinary shares 100.00 60.00 100.00 ' THAAM Limited is a jolnlly owngd entity. Leisure Focus Limitgd own 60% of the total ordinary share capital. On 13 April 2024 Gel In Focus Media was incorFx)ralod, where one of the Trust's key management personnel held 100% of the shares. On 12 April 2025. 100% of these shares were transferred lo Lgisur8 Focus Trust. Cash gen•rat8d from group op•ratlons 2025 2024 Surplus for the year 16,009 263,049 Adjustments for.. Investment Income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets 118,2681 229,991 {2,155} 116.110 Movements in working CAPital'. Ilncreaseydecrease in stocks Decreasellincreasel in debtors Increase in credltors Increase in deferred income 134.187) 124.748 725,393 67,216 6.860 1334,8611 647,069 67.671 Cash generated from oparatlons 1.110.902 763,743 -36-
LEISURE FOCUS TRUST NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 26 Cash goneratod from oyrallons - Charlty 2025 2024 Surplus for the year 221,823 267,534 Adjustments for.. Invgslment income recognised in statement of flnanclal acllvilies Depreciation and impaimenl of tangible fixed assets {18,268} 229,991 {2,155} 116,110 Movgmenls in working capital.. Ilncreaselldecrease in stocks Ilncreasel in debtors Increase in creditors Increase in deferred income {12,262} {94,512} 899,143 67,216 6,860 1341,337} 649,060 67.671 Cash generated from opgratlons 1.093,131 763.743 26 Analy$l$ of chang8s in net funds At 1 Aprll 2024 Cash Ilow6At 31 March 2025 Group Cash at bank and in hand 1,524,272 855.829 2,380,101 1.524.272 855,829 2,380,101 A¢ l Aprfl 2024 Cash flowsAt 31 March 2025 Company Cash al bank and in hand 1,524,272 837.958 2,362,230 1,524,272 837,958 2,362,230 The Charity and its subsldiarS had no material debt during the year. 37-