REGISTERED COMPANY NUMBER: 11231381 {England and Wales)
REGISTERED CHARifi NUMBER: 1199147
Report of the Trustees and
Unaudited Financial Statements lor the Year Ended 31st March 2024
Herongate Fitness & Wellbein

Herongate Fitness & Wellbeing
Contents of the Financial Statements
for the Year Ended 31st March 2024
Page
Report of the Trustees
Independent Examiner's Report
9 to 10
Statement of Financial Artivitie5
li
Balan￿ Sheet
12 to 13
Cash Flow Statement
14
Notes to thè Cash Flow StatÈment
15
Notes to the Financial Ststements
16 to 25
Detailed Statement ol Financial Artivilies
26 to 27

Herongate Fitness & Wellbeing
Report of the Trustees
for the Year Ended 31st March 2024
The trustees who are also directors of the charity for the purposes ol the Companies Att 2006, present
their report wilh the financial statements of the charity for the year ellded 31st March 2024. The trustees
have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial ReportinB
Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I january 20191.
OBJECTIVES AND ACTIVITIES
Charitable objettives
The objectives of ihe Charity are, for the public benefit..
to provide or assist in the provision of facilities and seThices for recreation or other leisure-time
occupation in the interests of social welFare, such facilities and services being provided to the public at
large or to persons who have need of the facilities because of their youth, age, infirmity or disability,
poverty or social or economic circumstances. and
the promotion and protection of good health including through community participation in healthy
recreation.
The Charity provides the local community of Hungerford and the surrounding area with high-quality
facilities and services for healthy recreation and leisvre-time occupatH)n in the interests of social welfare 3t
an affordable price.
The Charity aims to encourage members of the local cofnmuntty to come together and find common
interests, to create a social aimosphere that provides 3 way to enhance beneficiarie5' health and general
outlook on life.
The trustees endeavour to use their experience to support and help thhers in thè areas that the Charlty
covers.
Our aims
The trustees meet regularly to discuss the charitable activtties being undertaken and assess whether and to
what extent these are furthering the Charitws object5. The trustees work in partnership with the
Charity's leadership team to ensure a positNe working environment ihat nurlures ideas and suggestions
at all levels.
The trustees set the Charity's strategy an(1 its aims for the forthcoming year on an annual basis. considering
how successful the Charity's key artivities have been and how the Charity can most effectively further its
objertives.
The attivitbes of the Charity are set out irh further deiail in this Repon. The Charity. being only recentlv
registered in May 2022, is making great progress and has developed a good community working
relationship. The Charity is working hard to identify and support local people. charities and Small
businesses that help the community while providing excellent local facilities.
Page I

Herongate Fitness & Wellbelng
Report of the Trustees
for the Year Ended 31st March 2024
OWECTIVES AND ACTIVITIES
Significant activities
The Charity provides the local community of Hungerford and the stjrrounding area with high-quality
facilities and seNices for healthy recreation and leisure-time occvpaiion in the interests of social welfare at
an affordable prite.
The Charity provides facilities and serwces to the public through premises that r( leases from Herongate
Leisure Limited, under which a peppercorn rent is payable until l July 2029.
The Charity provides facilities and services for.. swimmin& various exercise classes. yOEa. pilates. Squash.
spinning and a fulty equipped gymnasium. The gym has state of the art equipment designed for use by
persons of all abilities. Functional training area5, free weighis, fixed resistance and cardiovascular
equipment are all included. There are two spaces for exercise where the Charity offers a variety of fitness
classes which are. again. designed to cater for people of all abilities. Classes include high intensity fitne5S,
dance. yoga and spinning.
The Charity also wns specialised Classes aimed at particular groups. For example. the Charity njns several
'active ageing. classes which include chair mobility. stride, pilates and aqua aerobics. These classes are
designed to improve mobility and keep joints and muscles heamhy.
The building includes è small sauna, steam room and spa bath. As the Charity has access to these facilrties
Under the lease, it offers its beneficiaries the opportunity to access these faciif(ies at no extra cost. The
facilities are limited but can provide heatth benefrts to those usirhg them, particularly after exercise. Health
benefits include relaxing muscle5, reducing joint pain and aldine recovery. Use of the sauna can also benefit
persons with rheumatic diseases.
The Charity also runs a small number of dedicated classes and specialist acce55 period5, including..
- A quiet gym space for members who struEgle with spatial awarene55 and other'noi5e' i5sue5.
Dedicated pool access is provided to tesKlent5 and caiers of West Berkshire Mencap's Newbury Centre
every week.
Dedicated swimming sessions are provided foi beneficiaries with disabilities every Monday afternoon.
Beyond providing acte5S to the Charity's sporting facilities. it also holds a dedicated Ukraine support
group which offers weekly drowin sessions to provide support, advice and social interaction for the newest
community members.
The Charity Is also looking ahead to developing new relations with community projects within Hungerford
in addition lo supporting its existing conlacts. The tnjstees note that there are a number of exciting
opportunities arising. We are supporting a new school for children with unique learning profiles. including
Autistic Spectrum Condition and associated communicatÈon. language, social, emotional, and mental health
needs. The trustees intend to provide atce55 to club facilities to help facilitate their learning and
development of social skills and interaction.
New joirher5 are offered an initial health assessment designed to ensure that they can use the Charity's
facilities safely and where qualified staff provide advite on the types of exercise and recreation ihat may
best suit the beneficiary. All members are offered free fitness proBrammes and program ieviews by fully
qualified fitness professionals.
Page 2

Herongate Fitnes5 & Wellbeing
Report of the Trustees
for the Year Ended 31st March 2024
OBJECTIVES ANO ACTivmES
Outside of the leisure centre itself, the Ch3rtty also delivers 'in office" fitness classes and training sessions
to IcKal businesses which focus on creating healthy work environment5 and promoting the importance of
movement exercise. For example, classes focus on desk based exercises and how to prevent poor posture
when working at a desk.
The tnjstees have had regard to the guidance issued by the Charity Commis5iOT) on public benefit. All the
Charity's actiwties focus on the promotion of good health and tommunily participation in healthy
recreation and leisure-time occupation in the interest of social welfare in furtherance of its charitable
objectives.
Priclng Policy
The Charity's various membership/3ccess fees are set out below-.
Premier Memberships
Unrestricted access to all club facilities
£ 62 per month
£104 per month
£665 per year
SinBle
Joint
Annual
Olf Peak Memberships
Access 9am- 4pm weektlays and anytime when club is operh on weekends
£ 47 per month
£ 78 per month
£5￿) per year
Annual
Joint
Annual
Single Activity Memberships
Unre5triited access to their designated areas
£41 per month
£41 per month
£41 per rnonlh
Class on
Swirn only
Rackets
Reduced Rales
Requires pr¢)of of eligibility for reduced rate
£22 per month
£42 per month
£47 per month
£47 per month
Disability Membership
Apprentice or Student Membership
Services Membership Imilitarylemergencyl
Sports Partners Membership
Oay Passes
Single class pass (Access to one activitylclassl
Standard day pass IUnre5trirted access to the club for orhe dayl
Reduced Rate day pass Iunrestricted access to the club for one
dayl
£8 per activitylclass
£10 per dav
£6 per dav
Page 3

Herongale Fitness & Wellbeing
Report of the Trustees
for the Year Ended 31st March 2024
OBJEcfivES AND ACTIVITIES
PricinE Policy Icontl
Desplte steep inflation, the trnstees are pleased to note that small increase in fees was made in May 2024
which was accepted by all members.
Inevitably some members will struggle with membership fees and May have to freeze or cancel
memberships. The Charity operates a 30 day notice period on memberships and ha5 given the staff ihe
ability to waive this rf someone requests it on grounds of finances. The tntstees have also permitted
member5 to take longer freeze periods if required or make payment by other means oUts￿e of Direct
Debits. All requests are dealt with individually and confidentialty.
Use of our services and facilities
Since its registration in May 2022, Ihe Charily has seen an increase in Tts membership, and an overall
Intrease in engagement by the community with the facilities and service5 offered by the Charity.
There are turrently 1.201 members across all the different types of membership offered, up from 1105 in
May 2023. Increased membership ha5 helped io ensure the viability ol the Charity, meaning the trustees
are able to make longer-term plans to sustain the Charity's futu￿.
The variety of exercise classes and facilities have had a beneficial impact on the local community. and the
Charity has a welcoming culture, emphasising that physical activity is for penons of all ages and abilities.
In particular. the specialised classes aimed at specific groups in need have been very successfijl, especially
the elderly local community who benefit not only from ihe physical exercise but a150 draw significant
benefrts from the social aspect of group classes and engagement Wtth the communrty. To supplement
these specialist classes. the Charity is working closely wilh the Terrace View Cafe to offer social activities to
those attending the classes as well as those who want to simply come and chat. A discount is offe￿d to all
members and to those accompanying members on these classes.
Further. swimming sessions thal are ring fenced for disabled beneficiaries and residents and CaTeTS of West
Berkshire Mencap's Newbury Centre every week has meant that people who might not ordinarily be able
to or wish to use the facilities during other times are able to benefit too. Mencap regularly brings up to 15
members to use the pool along with iheir carers. have been offered additional sessions when needed.
New groups including residential supported living for those with learning disabilities are also taking
advantage of dedicated pool sessions. The Chartty supports upwards of 30 people a week wtthin dedicated
se55ion5.
The Charity has a150 delivered ten 'in office" fitness classes and trainin8 sessions to local businesses. which
has the effect of creating healthy work environments and proffloting the importance
of movement exercise beyond visiling the leisure centre itself. These businesses do not have to be
corporate members of the gym in order to benefit from the scheme.
The Charity are also keen to promote Health and Wellbeing. We will do this by holding free (Irop in
professionally run sessions to help members and 'walk ins" to better manage their health and financial
challenges.
Page 4

Herongate Fltness & Wellbeing
Report of the Trustees
for the Year Ended 31st March 2024
FINANCIAL REVIEW
Financial review
Overall. the Charitvs financial position has improved during this year and compared to previous
years as it continues to mitlEate the long-standing effecls of the Covid-19 pandemic. The trustees
are pleased to note that many of these constraints have been overcome.
During the pandefflic, the Charity took advantage of the period of lower footfall to invest in updating
its premises and leisure equipment. The Charity has since marketed this opportunity effectively
which has meant thal surrounding communities have been able to take èdvantage of the improved
facilities. As a result, memberships and income has increased during this financial year.
The Charity does not Currently have any fund or subsidiary undertaking that is materially in deficit.
The Charity does not currently have any uncertainty about the Charitrfs ability to continue a5 a going
concern.
Principal funding sowces
The Charity reports èn increase in income as a result of new memberships. from £431,212 in the year
ending 2023 to £533.275 in the year ending 2024. Our membership fee increase in May 2024 will account
for some of ihis increase.
Activity fee5 have increased from £50.322- £72,161 within the same timeframe.
Inc¢me
The Charity has an income target this finantial year of £55.[￿)0 per month. comprising of £48,OCKI of
membership fees, and £7,(KKJ split between other Sources of income including one off activity fees and
income from the trading subsidiary.
Approximately £45,(X)O was spent on Tai5ing funds. This was local marketing in and around the Hungerford
area. The trustees understand this expenditure has had a posltive effect on our increased membershlp
numbers arhd associated income.
Reserves policy
The Charity does not currently hold any reserves.
The trustees feel ih3t holding reseNes is a necessary step for the Charity to make as a means of
improvirhg the Charity's lonE-term financial security. The trustees have therefore set'achieving a
general reserve. as 3n objective. The trustees wish to build up and maintain a reserve valued at
three month5, oper3tion31 costs. bein8 approximately £135.OLK).
Grants
The Charity ha5 not received any money from the Lotal council this financial year. or from room hire.
The Furlough Scheme has also come to an end. However. the shortfall ITr these income streams is
made up for by the increased membership as described above.
Page 5

Herongate Fitness & Wellbeing
Report of the Trustees
for the Year Ended 31st March 2024
FINANCIAL REVIEW
Staff costs
Staff levels have remained mostty statrc while costs are only slightly up from last year. as the Charity
continue5 to support the Real Living Wage_
REGULAR FINANaAL REVIEWS
The Trustees are very aware of the inflationary pressures thai are in place at p￿Sent. They make a point of
completing regular rnonthly accounting checks lo ensure that any significant changes in income or
expenditure levels are picked up without delay and take appropriate artion to keep overall control.
STRUCTURE. GOVERNANCE AND MANAGEMEKr
Governing document
The organisation is a charitable company limited by guarantee. incorporated on l March 2018 and
registered as a charrty on 22 May 2022. The Charity is governed by a set of Articles of Association adopted
on l December 2021. which outlines ihe objects and powers of the charitable compathv. In the event of ihe
Charity being wound up Members are required to contribute an amount not exceeding £1.
Trustees
The directors of the company are also charily trustees for the purposes of Charity law and under the
Charity's Articles of Associaiion are known as the 8oard of Trustees. Under the requirements of the Articles
of A$50cialion the trustees are elected to serve for a period of three years after which they must be
re-elected at the next Board Appointment Meeting rfthey are going to continue to Serve.
All trustees give their time voluntarity and receive no benefits from the Charity. Any expense5 reclaimed
from the Charity are set out in note 7 to the accounls (there were none this financial year).
The Charity must have between 3 and 12 tnjstees, who must all be aged 16 or above. The Charity currently
has five trustees. New tnjstees are appointed by 3 resolution of the Board.
Organisational structure
The trustees of the Charity are also rts members. The trustees are responsible for the strategic direction of
the Charity.
The trustee5 delegate day-to-day management of the Charity to its Leadership Team comprised of three
dedicated employees taking up the following roles.. General Manager. OperatK)ns Manager. and Dutv
Manager.
Page 6

Herongate Fltness & Wellbeing
Report of the Trustees
lor the Year Ended 31st March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
As the Charity is only recently registered and the trustees are appointed to Serve at least one term of three
years, the trustees have not yel had any need to consider the recruttment and appointment of new chhrity
trustees. However. the trustees understand that they must have regard to the Charity Commission
gLJidance on this topic, and that they should recrutt trustees who have the requisrte skills. experience, and
interest needed to help administer the Charity.
All new trustees are given a copy of the Charity's constitutron, its latest management accounts, and key
policies.
The Charity will arrange for trustee training through reputable provider5 or its legal advisors as the trustees
determine it is needed.
Related parties
The Charity leases the building from Herongate Leisure Limited, which is owned by Kerridge Properties Ltd.
None of the trustees of the Charity are directors or shareholders of lor are related to directors or
Shareholders of) Herongate Leisure Limired, Kerridge Properties Limited or KPL Holdings Limited.
The Charity has a wholly-owned subsidiary, Herongate Enterprises Limited. registered with Companies
House number 11811363. One of the Charitws trustees. Angela Ford, is also a dirertor of the trading
Subsidiary.
The Charity is not part of any other wider network of bodies or umbrella groups.
The Charity also works with a number of other external organisations in delivering their charitable
activities. For example. Ihe Charity works wrth Parkinson's UK Newbury & District Branch to deliver a
monthly Parkinson's Disease therapy class to assist persons with Parkinson's Disease. The Charity also gives
dedicated pool access to residents and carers of West Berkshire Mentap's Newbury Centre every week.
The Charity also offers Sports PartneT5 membership, wrth prete￿ntIal rates, to persons who are members
of lotal 5POrts clubs, where those sports clubs are also charities or CASCS. Participating sport5 club5
currently include Hungerford Town FC, Kintbury FC, Hungerford Town Rugby Club,
East Woodhay Cricket Club and Hun8erford darts league.
REFERENCE AND ADMINisfRATIVE D￿AlL5
Registered Company number
11231381 IEngland and Wales)
Registered Charity number
1199147
Registered office
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT
Page 7

Herongate Fitness & Wellbeing
Report of the Trustees
for the Year Ended 31st March 2024
Trustees
J Taylor Trustee
J S Birkett Trustee
J D Murtagh Trustee
M A Wesibrook Trustee
Mrs A J Ford Chair
S Woods (appointed 1.3.241
Independent Examiner
Paula Joyce FCCA CtA
Association of Chartered Certrfied Accountants
Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT
Approved by order of the board of trustees on .
21:.￿..:102..LF.........
and signed on its behalf by-
MrsAJFor
ruslee
Page 8

Independent Examiner's Report to the Trustees of
Herongate Filness & Wellbeing
Independent examiner's report to the trustees of Heron8*e Fitness & Wellbeing I'thÈ Company'l
I report to the charity trustees on my examination of the accounts ol the Company for ihe year ended
31si March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company land also its directors fof the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companie5 Act
2(NJ61'the 2006 Act'l.
Having satisfied myself that the accounts of the Company are not requi￿￿ to ￿ audited under Part 16 of
the 2(X)6 Act and are eligible for independent examination. I report in respect of my examination of your
charity's accounts as carried out under Seclion 145 of the Ch3rrties Ad 20111'the 2011 Act'l. In carrying
out my examination I have followed the Directions given by the Charity Comrni55N)n under Section 145151
Ibl of the 2011 Act.
Page 9

Independent Examiner's Report to the Trustees of
Herongate Fitness & Wellbeing
Independent examiner's statement
Since yovr charity's gr055 income exceeded £250,1XM) your examiner must be a mernber of a listed body. I
can confirm that l am qualified to undertake the examination because l am a registered member of
Association of Chartered Certified Accountants which is one of the listed bodies.
I have compleled my examination. I confimi that no matters have come to my attention in connection with
the examination giving me cause to believe..
accounting records were not kept in respert of the Company as required by Section 386 of the 2006
Act,- or
the accounts do not accord with those records.. or
the accounts do not comply with the accounting requirements of Sertion 396 of the 2006 Act other
than any requirement that the accounts give a twe and fair view which 15 not a matter considered as
part of an independent examination- or
the accounts have not been prepared in actordance wtih the rnethods and principle5 of the
Statement of Recommended Practice for accounting and reporting by charities (applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 10211.
I have no concerns and have come across no other matter5 in connection with the examination to which
attention should be drawn in this report in order to enable a proper Unde￿tandIng of the accounts to be
reached.
Paula joyce FCCA CTA
Association of Chartered Certified Accountants
Sheen 5tickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT
Dale..
IS Ottobof QOL4
Page 10

Herongate Fitness & Wellbeing
Statement of Flnancial Activities
for the Year Ended 31st March 2024
2024
Unrestricted
fund
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donation5 and legacies
642.982
505.732
EXPENDITURE ON
Raising funds
46,418
37,548
Charitable activities
Leisure tentre
566,826
482,806
Total
613,244
520,354
NET INCOMEIIEXPENDITUREI
29.738
114,6221
RECONCILIATION OF FUNDS
Total funds brought fOn￿ard
179,4141
164.7921
TOTAL FUNDS CARRIED FORWARD
149.6761
179,4141
The notes form part of these financial 5tatementS
Page 11

Herongate Fitness & Wellbeing
Balance Sheet
31st March 2024
2024
Unrestricted
fund
2023
Total
funds
Notes
FIXEO ASSErs
Tangible assets
Investments
io
li
11,340
100
29,308
loo
11.440
29,408
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
12
13
1.060
28,308
17,187
654
21,743
21,488
46.555
43.885
CREDITORS
Amounts falling due within one year
14
188,9571
NET CURRENT ASS￿s11L1ABllIT1ES)
143,6161
145,0721
TOTAL ASSETS iESS CURRENT UABILMES
132.1761
15.6641
CREDITORS
Amounts falling due after more than one
year
15
117.5001
163.7501
NET AssrfsiiLIABILITIESI
149,6761
179,414
FUNDS
Unrestricted funds
17
149,6761
179.4141
TOTAL FUNDS
149,6761
179,4141
The charitable company is entitled to exemption from audit under Seclion 477 of the Companies Act 2006
for the year ended 31st March 2024.
The member5 have not required the company to obtain an audit of its financial 5t3ternents for the year
ended 31st March 2024 in accordance with Section 476 of the Companies Art 2￿6.
The notes form part of these financial statements
Page 12
tonlinued..

Herongate Fitness & Wellbeing
Balance Sheet- conlinued
31st March 2024
The trustees acknowledge their responsibilities for
ensuring that the charitable company keeps accounting records that comply with Seciions 386 and
387 of the Companie5 Art 2006 and
Ibl preparing financial statements which give a true and fair vrew of the state of affairs of the charitable
company as at the end of each financial year and of its surplu5 or deficit for each financial year in
accordance with the requirement5 of Seclions 394 and 395 and which otherwise comply with ihe
requirernent5 of the Companies Act 2(K)6 relating to financial statements. so far as applicable to the
charitable company.
These financial statements have been prepared in accordance with the provisions applbcable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
- and were Sbgned on its behalf bv=
AJFord-T
The notes form part of these financial 5tatement5
Page 13

Herongate Fitness & Wellbeing
Cash Flow Statement
for the Year Ended 31st March 2024
2024
2023
Notes
Cash flows from operating artiwtiès
Cash generaled from operations
Interest paid
Interest elernent of hire purchase or
finance lease rental payments paid
13481
ii.ooii
102,254
17631
111,1291
Net cash lused inllprovided by operating activrties
11,3491
90,362
Cash flows from investinB activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
14.3871
1,435
114,1621
Net cash used in investing activilies
12,9521
114,1621
Cash flows from financing activities
Loan repayments in year
Capital repayments in year
111.6671
146,0961
Net tash provided byllused in) finarbcing activities
157,7631
Changè in cash and ta5h equivalents in
the reporting period
Cash and cash equivalent5 at the
beginning of the reporting period
14.3011
18,437
21.488
3.051
Cash and cash equivalents at the end
of the reportin8 period
17.187
21.488
The note5 form part of these financial statements
Page 14

Herongate Fitness & Wellbeing
Notes to the Cash Flow Statement
for the Year Ended 31st March 2024
RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net incomellexpenditurel for the reporting period las per the
Statement of Financial Actimties)
Adjustments for..
Oepreciation charges
Interest paid
Interest element of hire purchase and finance lease ￿ntaI
payments
Increase in stocks
Increase in debtors
(Decreasellincrease in credrtors
29.738
114,6221
20,919
41.858
763
11,129
11021
17,4361
70,664
14061
16.5651
145,0351
Net cash (used in}Iprovided by operations
13481
102.254
ANALYSIS OF CHANGES IN NET DEBT
At 1.4.23
Cash flow
At 31.3.24
Net cash
Cash at bank and in hand
21.488
14,3011
17,187
21,488
14,3011
17,187
Debt
Debts falling due after l year
163,7501
46,250
117.5001
163,7501
46,250
117.5LKII
Total
142,2621
41,949
13131
The notes form part of these financial statements
Page 15

Herongate Fltness & Wellbeing
Notes to the Financial Statements
for the Year Ended 31st March 2024
ACCOUNTING POLICIES
Basis of preparing the finanaal statements
The financial staiemenls of the charitable company. which ts a public benefit entity under FRS 102,
have been prepared in accordance with the Charrties SORP IFRS 1021 'Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 leffective l January 20191,, Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland. and the Companies Act 2￿￿. The financial statements
have been prepared under the historical cost convention. with the exception of inve5tmenls which
are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to
the funds, it is probable that the income will be recetved ènd the amount can be measured reliably.
Empenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
Committing the charity to that expenditure. it is probable that a transfer of econownic benefits will be
required in sertlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classrfied under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have
been allocated io activities on a basis consistent with ihe use of resources.
Tan8ible fixed a55ets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life or, rf held under a finance lease. over the lease term. whichever is the shorter.
Plant and machinery etc
25% on cost and 20% on cost
Related party exemption
The charitable company has taken advantage of exemplion, under the terms of Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,, not to
disclose related party transactions with wholly owned subsidiaries within the group.
Stocks
Stocks are valued at the lower of cost and net realisable value. after making due allowance for
obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accountin
Unresiricred funds can be used in accordance with the charitable objeclNes at the discretion of the
trustees.
Page 16
continued..

Herongate Fltness & Wellbeing
Notes to the Financial Statements - continued
for the Year Ended 31st March 2024
AccouMnNG POLICIES-conlinued
Fund accounting
Reslricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when fijnds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
stalement5.
Hire pur¢hase and leasing commilmenls
Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet.
Those held under hire purchase contracts are depreciated over their estirnated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is shorter.
Pension ¢osts and other post-retirement benÈffts
The charitable company operates a defined contribution pensiort scherne. Contributions payable to
the charitable company's pensioth scheme are charged to the Statement of Financial Aclivities in the
period to which they relate.
DONATIONS AND LEGACIES
2024
2023
Memberships
Activity fees
Sunbeds
Sundry receipts
Retail
533,275
72.161
5.463
23.71JO
8,383
431,212
50,322
3,490
15,500
5.208
642,982
505.732
Page 17
continued...

Herongate Fitness & Wellbeing
Notes to the Financial Statements - continued
for the Year Ended 31st March 2024
RAISING FUNDS
oihei trading artivities
2024
2023
Purchases
Support costs
44,653
1.765
37,548
46,418
37,548
CHARITABLE ACTIVITIES COSTS
Support
costs Isee
note 51
Direct
Costs
Totals
Lelsure centre
524.460
42.366
566.826
SUPPORT cosrs
Governance
C05t5
Management Finance
Totals
Other trading actwities
Leisure centre
1.765
5.726
1,765
42,366
11,750
24,890
7.491
11.750
24,89)
44.131
NET INCOME/IEXPENDrruREI
Net incomellexpendtturel is stated after ¢harginyJlcreditingl-
2024
2023
Depreciation - owned assets
Depreciation - asset5 on hire purchase contracts and finance leases
20,920
11,583
30,275
Page 18
continued.

Herongate Fitness & Wellbeing
Notes to the Financial Statements - continued
for the Year Ended 31st March 2024
TRUSTEES, REMUNERATION AND BENEFrrs
There were no trustees, remuneration or other benefits for the year ended 31st March 2024 nor for
the year ended 31st March 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31st March 2024 nor for the year ended
31st March 2023.
STAFF COSTS
2024
2023
Wage5 and salaries
Social security costs
Othe¥ pension costs
192.032
6,280
2.694
180,504
8.569
4,898
201.IX)6
193,971
The Jverage monthly number of employees during the year was as follows-
2024
li
2023
Staff
No employees received ernoluments in excess of £60.￿￿.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvrriES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations and legacies
505,732
EXPENDITURE ON
Raising funds
37.548
Charitable artivitiÈs
Leisure cenlre
482,806
Total
520,354
NET INCOMEIIEXPENDtruREI
114.6221
Page 19
continued...

Herongate Fitness & Wellbeing
Notes to the Financial Staternents - continued
for the Year Ended 31st March 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
Unrestricted
fund
RECONCILIATION OF FUNDS
Total funds brought forward
164,7921
TOTAL FUNDS CARRIED FORWARD
179,4141
10. TANGIBLE FIXED ASSETS
Leisure
Office
equipment equipment
Totals
COST
At 1st April 2023
Additions
Disposals
192.164
447
11,7881
15,837
3,940
208,001
4.387
11,7881
At 31st March 2024
I￿,823
19,777
210,6C(>
DEPRECIATION
At 1st April 2023
Charge for year
Eliminated on disposal
163.802
19,265
13531
14.891
1,655
178.693
20.920
13531
At 31st March 2024
182.714
16.546
199.260
NET BOOKVALUE
At 31st March 2024
8,109
3,231
11,340
At 31st March 2023
28,362
946
29.308
Page 20
continued...

Herongate Fitness & Wellbeing
Notes to the Financial Statements- continued
for the Year Ended 31st March 2024
11. FIXEO ASSET INVESTMENTS
Shares in
group
undertakings
MARKET VALUE
At 1st April 2023 and 3tst March 2024
100
NET BOOK VALUE
At 31st March 2024
100
At 31st March 2023
ILN)
There were no investment a55ets outside the UK.
12. STOCKS
2024
2023
Stotks
1.060
654
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayments and accrued income
4.837
23,471
825
20.918
28,308
21.743
Page 21
continued...

Herongate Fitness & Wellbeing
Notes to the Financial Statements - continued
for the Year Ended 31st Marth 2024
14.
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Amounts owed io group undertakings
Social security and other taxes
Other creditors
Pènsion cost payable
Accruals and deferred income
32.432
24,282
2.662
15,(KM)
221
15,574
33,564
30.157
3,W7
9,100
440
11,789
90.171
88,957
15.
CREDITORS.. AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
2024
2023
Other loans (see note 161
17,51K)
63,750
16. LOANS
An anafy5is of the rnaturity of loans is given below-
2024
2023
Amounts falling belween one and two years=
Other loans- 1-2 years
17,SlXI
15.000
Amounts falling due between two and five years:
Other loans - 2-5 years
45,000
Arnounts falling due in more than five years..
Repayable by instalments..
Other loans more 5yrs instal
3.750
Page 22
continued..

Herongate Fltness & Wellbeing
Notes to the Financial Statements- continued
for the Year Ended 31st March 2024
17. MOVEMENT IN FUNDS
Net
movement
in fund5
At
31.3.24
At 1.4.23
Unre5trirted funds
General fund
179.4141
29,738
149,6761
TOTAL FUN05
179.4141
29,738
149.6761
Net movement in funds. included in the above are as follows=
Incoming
resources
Resources Movement
expended
in f unds
Unrestrirted fund5
General fund
642.982
1613,2441
29.738
TOTAL FUNDS
642,982
1613,2441
29,738
Comparatives for movement in funds
Net
movement
in funds
At
31.3.23
At 1.4.22
Unrestricted fvnds
General fund
164,7921
114.6221
179,4141
TOTAL FUNDS
164.7921
114,6221
179,4141
Page 23
continued...

Herongate Fitness & Wellbeing
Note5 to the Financial Statements - tontinued
for the Year Ended 31st March 2024
17.
MOVEMENT IN FUNOS- ¢ontinued
Comparative net movement in funds. included in the above are as follows=
Incoming
resources
Resources Movement
expended
in f Ltnds
Unrestricted funds
General fund
505.732
1520.3541
114.6221
TOTAL FUNDS
505,732
1520,3541
114.6221
A current year 12 months and prior year 12 month5 combined position is as follow5..
Net
movement
in funds
At
31.3.24
At 1.4.22
Unrèstri¢ted funds
General fund
164,7921
15,116
149,6761
TOTAL FUNDS
164.792
15,116
149.6761
A current year 12 months and prior year 12 months combined net movement in fun(15, included in
the above are as follows=
Incoming
resources
Resource5 Movement
expended
in funds
Unrèstrirted fund5
General fund
1,148,714
11,133,598)
15,116
TOTAL FUNDS
1.148.714
11.133.5981
15.116
Page 24
continued...

Herongate Fitne55 & Wellbeing
Notes to the Financial Statements - continued
forthe Year Ended 31st March 2024
18. RELATED PARTY DISCLOSURES
There were no related party transact40ns for the year ended 31st March 2024.
Page 25

HeronEate Fitness & Wellbelng
Detailed Statement of Financial Activities
for the Year Ended 31st March 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and legacies
Memberships
Activity fees
Sunbeds
Sundry receipts
Retail
533.275
72,161
5.463
23,700
8,383
431,212
50,322
3,490
15,500
5,208
642,982
505,732
Total incoming resources
642,982
505.732
EXPENDITURE
her trading activitles
Purchases
44.653
37.548
Charitable activities
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Athiertising
Cleaning
192,032
6,280
2,694
19,200
9,391
145,235
2,553
3,110
19.514
180.504
8,569
4.898
18,745
6.781
86.085
1.322
2,401
11.437
I 11
Staff welfare
Subscriptions
Travelling
Staff training
Medical insurance
Uniforrrhs
Computer costs
Health and safety
Waste
Carried forwaid
25
34
998
827
2,799
35
487
6.139
1,048
1,410
334,519
136
2.028
35
740
4,519
1.542
410,881
This page does not form part of the statulory financial statements
Page 26

Herongate Fitness & Wellbeing
Detailed Statement of Financial Artivities
for the Year Ended 31st March 2024
2024
2023
Charitable actiwties
Brought forward
Licences
Regular hire charge
Repair5 renewals
Depreciation of leisure equipm ent
Depreci3tion of office equipme nt
410,881
5.566
449
86,645
19,264
1,655
334,519
3,597
449
54,772
38,425
3,433
524,460
435.195
Support costs
Management
Postage and stationery
Sundries
6.347
1,144
4,849
885
7.491
5.734
Flnance
Bank charges
Credit card
Loan
Hire purchase
372
10.377
I,(J)i
413
8,823
763
11,129
11.750
21,128
Governance ¢¢sts
Accountancy fees
Legal fee5
11,413
13.477
9.168
11,581
24.890
20,749
Total resources expended
613.244
520,354
Net inc<)mellexpenditurel
29,738
114.6221
This page does not form part of the statutory financial statements
Page 27