REGISTERED COMPANY NUMBER: 11231381 (Encland and Wales) REGISTERED CHARITY NUMBER.. 1199147 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31st March 2025 Herongate Frtness & Wellbelnz
Herongate Fitness & Wellbeing Contents of the Flnancial Statements for the Year Ended 31st March 2025 Page Report of the Trustees Independent Examiner's Report 9 to 10 Ststement of Flnanclal Activities li Balance Sheet 12 to 13 Cash Flow Statèment 14 Notes to the Cash Flow Ststement 15 Notes to the Financlal Staiements 16 to 24 Detailed Statement of Financlal Artlvlties 25 to 26
Herongate Fitne & Wellbeing Report of the Trustees for the Year Ended 31st March 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 21)06. present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffettive l January 20191. OBJECTIVES AND AcfiviTIES Charltable objectives The objectives of the Charity are, for the public benefit: to provide or as515t in the provision of facilities and services 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 comrnunity of Hungerford and the surrounding area with high4]ualitv facilities and services for healthy recreation ènd leisure-time occupation in the interests of social welfare at an affordable price. The Charity aims to encourage members of the local community to come together and find common interests, to create a social atmosphere thal provides a way to enhance beneficiaries, health and general outlook on lrfe. The trustee5 endeavour to use their experience to support and help others in the areas that the Charity covers. Our aims The trustees meet regularly to discuss the charitable activities being undertaken and assess whether and to what extent these are furthering the Charity's objerts. The trustees work in partnership with the Charity's leadership team to ensure a positive working environment that nurtures ideas and suggestions at all levels. The trustees set the Charity's strategy and its aims for the forthcoming year on an annual basis, considering how successful the Charity's key activities have been and how the Charity can most effectively further its objectives. The activities of the Charity are set out in further detail in this Report. The Charity. being only recently 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 businesse5 that help the community while providing excellent local fatiltties. Page I
Herongate Fitness & Wellbeing Report of the Trustees for the Year Ended 31st March 2025 OBJECTIVES AND ACTivmES Slgnlflcant activities The Charity provides the local communtty of Hungerford and the surrounding area with high-quality facilities and services for healrhy recreation and leisUrtIMe occupation in the interests of Social welfare at an affordable price. The Charity provides facilitie5 and services to the public through premises that it 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, yoga, pilates, squash, spinning and a fully equipped gymnasium. The gym has state of the art equipment designed for use by persons of all abilities. Functional training areas, free weights, 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 fitness, dance, yoga and spinning. The Charity also runs specialised classes aimed at particular groups. For example, the Charity runs several "active ageing" classes which include chair mobility. stride, pilates and aqua aerobics. These classes aTe designed to improve mobility and keep joints and muscles healthy. The building includes a small sauna, steam room and spa bath. As the Charity has access to these facilities under the lease, it offer5 It5 beneficiaries the opportunity to access these facilities at no extra cost. The facilities are limited but can provide health benefits to those using them, particularly after exercise. Health benefits include relaxing muscles. reducing joint pain and aiding recovery. Use of the Sauna can also benefit persons with rheumatic diseases. The Charity also runs a small number of dedicated classes and specialist access periods, including: A quiet gym space for members who struggle with spatial awareness and other'noise, i55ue5. Dedicated pool access is provided to residents and carers of West Berkshire Mencap's Newbury Centre every week. Dedicated swimming sessions are provided for beneficiaries with disabilities every Monday afternoon. Beyond providing access to the Charity's SF)Orting facilities. It also holds a dedicated Ukraine support group which offers weekly dropin sessions to provide support, advice and social interaction for the newest community members. The Charity 15 also looking ahead to developing new relations with community projects within Hungerford in addition to supporting its existing contacts. The trustees note that there are a number of excitirlg opportunities arising. We are supporting a new school for children with unique learning profiles, including Autistic Spectrum Condition and associated communication. language, social. emotional. and mental health needs. The trustees provide access to our club facilities to help facilitate their learning and development of social skills and interaction. New joiners are offered an initial health assessment designed to ensure that they can use the Charity's facilities safely and where qualified Staff provide advice on the types of exercise and recreation that may best suit the beneficiary. All members are offered free fitness programmes and program reviews by fully qualified fitness professionals. Page 2
Herongate Fitness & Wellbeing Report of the Trustees forthe Year Ended 31st March 202S OBJECTIVES AND AcllviTIES Outside of the leisure centre itself, the Charity also delivers 'in office" fi'tness classes and training sessions to local businesses which focu5 on creating healthy work environments and promoting the importante of movement exercise. For example. classes focu5 on desk based exercises and how to prevent poor posture when working at a desk. The trustees have had regard to the guidance issued by the Charity Commission on public benefit. All the Charity's activities focus on the promotion of good health and community participation in healthy recreation and leisure-time occupation in the interest of Social welfare in furtherance of its charitable objectives. Prlclng Pollty The Charity's various membership/acces5 fees are Set out below- Premler Memberships Unrestrirted access to all club facilities £ 67 per month £112 per month £71S per year Single Joint Annual Off Peak Memberships Access 9am - 4pm weekdays and anytime when club is open on weekends E 50 per month £ 84 per month £537.50 per year Annual Joint Annual Slnzle Activity Memberships Unrestricted access to their de518nated areas £44 per month £44 per month £44 per month Class only Swim only Rackets Reduced Rates Requires proof of eligibility for reduced rate £25 per month £43 per month £50 per month £YJ per month Disability Membership Apprentice or Student Membership Services Membership Imilitary/emergenryl Sports Partners Membership Day Passes Single class pass (Access to one activitylclassl Standard day pass (Unrestricted access to the club for one dayl Reduced Rate day pass Iunrestricted access to the club for one dayl £8 per activity/clas5 £11 per day £7 per day Page 3
Herongate Fitness & Wellbeing Report of the Trustees for the Year Ended 31st March 2025 OBJEcmiES AND ACTivifiES Pricin8 Policy (font) The trustees are pleased to note that an increase in fees17.5%1 was made in May 2025 which was accepted by all member5. 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 the ability to waive this if someone requests it orb grounds of finances. The trustees have also permitted members to take longer freeze periods if required or make payment by other means outside of Direct Debits. All requests are dealt with individually and confidentièlity. Use ot our servlces and facilities Since it5 registration in May 2022. the Charity has seen an increase in tts membership, and an overall Increase in engagement by the community with the facilities and services offered by the Charity. There are currently 1.365 members across all the different types of mernbership offered, up from 1201 in May 2024. Increased membership has helped to ensure the viability of the Charity, meaning the trustees are able to make longer-term plans to sustain the Charity's future. 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 actNity is for persons of all ages and abilities. In particular, the specialised classes aimed at specific groups in need have been very successful, especially the elderly local community who benefit not only from the physical exercise but also draw significant benefits from the social aspect of group classes and engagement with the community. To supplement these specialist classes. the Charity is working closely with 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 offered to all members and to those accompanying members on these classe5. Further, swimmin8 sessions that are ring fenced for disabled benefitiaries and resident5 and carers of West Berkshire Menc3p'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. Mentap regularly brings up to IS members to use the pool along with their carers. and 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 Charity supports upwards of 30 people a week within dedicated 5ession5. The Charity has also delivered ten "in office. fitness classès and training session5 to local businesses, which has the effect of creating healthy work environments and promoting the importance of movement exercise beyond visiting 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 alw keen to promote Health and Wellbeing. We will do this by holdin8 free drop in professionally run sessions to help mernbers and "walk ins" to better manage their health and financial challenges. The Charity also offers post school term Isummerl free vouchers for a set lunch for school children durin8 August in the Terrace View Cafe. Page 4
Herongate Fitness & Wellbein8 Report of the Trustees for the Year Ended 31st March 2025 FINANCIAL REVIEW Financial review Overall, the Chariws financial position has improved during this year and compared to previous years as it continues to mitigate the long-standing effects of the Covid-19 pandemic. The trustee5 are pleased to note that many of these constraints have been overcome. During the pandemic. the Charity took advantage of the period of lower footfall to invest in updating its premises an(1 leisure equipment. The Charity has since marketed this opportunity effectively which has meant that surrounding communities have been able to take advantage 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 al)out the Chartvs ability to continue a5 a 8oin8 concern. Prlnclpal fundlnz sources The Charity reports an increase in income as a resuft of new memberships. from £533,275 in the year ending 2024 to £597,858 in the year ending 2025. Our membership fee increase in May 2024 will account for some of this increase. Activity fee5 have increased from £72,161- £75,958 within the same timeframe. Income The Charity has an income target this financial year of £60,(MXI per month. comprising of £53,tQO of membership fees, and £7,0 split between other sources of incorne including one off activity fees and income from the trading subsidiary. Approximately £35,OCQ was spent on raising funds. This was local marketing in and around the Hungerford area. The trustees understand this expenditure has had a positive effect on our increased membership numbers and associated income. Reserves policy The Charity does not currently hold any reserves. The trustees feel that holding reserves is a necessary step for the Charity to make as a means of improvinE the Charity's long-term financial security. The trustees have therefore set'achieving a general reserve, as an objective. The trustees wish io build up and maintain a reserve of approximately £120,CrfXJ however there has been major maintenance outgoings which may affect thi5 saving in 25126. Grants The Charity has not received any money from the Local touncil this financial year, or from room hire. The Furlough Scheme has also come to an end. However, the shortfall in 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 2025 FINANCIAL REVIEW Staff 10515 Staff levels have increased slightly frorn last year. due to Employer's Nl costs, as the Charity continues to support the Real Living Wage. REGULAR HNANCIAL REVIEWS The Trustees are very aware of the inflationary pressures that are in place at present. They make a point of completing regular monthly accounting checks to ensure that any significant changes in income or expenditure levels are picked up without delay and take appropriate attiorb to keep overall control. STRucfuRE. GOVERNANCE AND MANAGEMEKr Governing document The organi5ation is a charitable company limited by guarantee, incorporated on l March 2018 and registered as a charity on 22 May 2022. The Charity is governed by a set of Article5 of Association adopted on l December 2021, which outlines the objects and powers of the Charitable company. In the event of the Charity being wound up members are required to contribute an amount not exceeding £1. Trustees The directors of the company are also charity tIUStees for the purposes of charity law and under the Charity's Articles of Association are known as the Board of Trustees. Under the requirements of the Articles of Association the trustees are elerted to serye for a period of three years after which they must be re-elerted at the next Board Appointment Meeting rf they are Eoing to continue to serve. All trustees give their time voluntarily and receive no benefits from the Charity. Any expenses reclaimed from the Charity are set out in note 7 to the accounts Ithere were none this financial year). The Charity must have between 3 and 12 trustees, who must all be aged 16 or above. The Charity currently has five trustees. New trustees ère appointed by a resolution of the Board. Oryanisational slrurture The trustees of the Charity are a150 its members. The trustees are responsible for the strategic dirertion of the Charity. The trustees delegate day-to-day management of the Charity to its Leadership Team comprised of three dedicated employees taking up the following roles: General Manager. Operations Manager, and Duty Manager. Page 6
Herongate Fitness & Wellbeing Report of the Trustees for the Year Ended 31st March 2025 STRucfuRE, GOVERNANCE AND MANAGEMENT Indurtlon and tralning of new trustees The Chair of the Trustees J Taylor resigned on 15th August 2024. An existing trustee. A Ford replaced the chair on 1st July 2024. A new trustee S Woods was appointed in July 2024 with suitable skills and experience. The trustees understand that they must have regard to the Charity Commission guidance on this topic, and that they should recruit trustees who have the requisite skills. experiente, and interest needed to help administer the Charity. All new trustees are given a copy of the Chariws constitution. its latest management accounts, and key policies. The Charity will arrange for trustee training through reputable providers 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 ère related to directors or shareholders on Herongate Leisure Limited. Kerridge Properties Limited or KPL Holdings Limited. The Charity has a wholly-owned subsidiary, Heron8ate Enterprises Limited, registered with Companie5 House number 11811363. One of the Charivs trustees. Angela Ford. is also a dirertor of the trading subsidiary. The Charrty 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, the Charity works With Parkinson'5 UK Newbury & District Branch to deliver a monthly Parkinson's Disease therapy cla55 to assist persons with Parkinson's Disease. The Charity also gives dedicated pool access to residents and carers of West Berkshire Mencap's Newbury Centre every week. The Charity also offers Sports Partners membership. with preferential rates. to persons who are members of local sports clubs, where those sport5 clubs are also charities or CASCS. Participating sports clubs currently include Hungerford Town FC, Kintbury FC, Hungerford Town Rugby Club, East Woodhay Cricket Club and Hungerford darts league. REFERENCE AND ADMINISTrAnvE DETAILS Registered Company number 11231381 (England and Wales) Registered Charity number 1199147 Page 7
Herongate Fitness & Wellbeing Report of the Trustees for the Year Ended 31st March 2025 Reglstered offKe 2 Oriel Court Omega Park Alton Hampshire GU34 2YT Trustees Mr J Taylor Trustee (resigned 15.8.241 Mr J S Birkett Trustee Mr J D Murtagh Trustee Mr M A Westbrook Trustee Mrs A J Ford Chair Mrs S Woods Trustee Independent Examlner Paula Joyce FCCA CTA Association of Chartered Certified Accountants Sheen 5tickland Chartered Accountants 2 Oriel Court Omega Park Alton Hampshire GU34 2 Approved by order of the board of trustees on . and signed on its behalf by.. MrsAJ - Trustee Page 8
Independent Examiner's Reportto the Trustees of Herongate Fitness & Wellbelng Independent examiner's report to the trtee$ of Herongate Fltness & Wellbelng ('the Company,) I report to the charity trijstees on my examination of the accounts of the Company for the year ended 31st March 2025. Responslbilitie5 and basi5 of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirement5 of the Companie5 Act 20061'the 2(X)6 Act'l. Having satisfied myself ihat the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission 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 your charity's gross intome exceeded E250,1X)O your examiner must be a member of a listed body. I can confirm that 1 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 completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2C06 Act,. or the accounts do not accord with those records- or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a twe and fair view which is not a matter considered as part of an independent examination.. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Retommended Practice for accounting and reporting by charities (applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 10211. I have no concerns and have come across no other matters in conneLtion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Paula Joyce FCCA CTA Association of Chartered Certified Accountants Sheen Stickland Chartered Accountants 2 Oriel Court Omega Park Alton Hampshire GU34 2 Date: 2q°VL9è2015 Page 10
Herongate Fitness & Wellbeing Statement of Financial Artivitles for the Year Ended 31st March 2025 2025 Unrestricted fund 2024 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 717,805 642.982 EXPENDITURE ON Raising funds 37,975 46,418 Charitable activitiès Leisure centre 666.077 566,826 Totsl 704,052 613,244 NET INCOME 13,753 29,738 RECONCILIATION OF FUNDS Total funds brought forward 149.6761 179,4141 TOTAL FUNDS CARRIED FORWARD 135,9231 149,6761 The notes form part of these financial Statements Page 11
Herongate Fitness & Wellbeing Balance Sheet 31st March 2025 2025 Unrestricted fund 2024 Total funds Notes FIXED ASSErs Tangible a55et5 Inve5tment5 io li 7.146 loo 11,340 i(K) 7,246 11,440 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 12 13 122 37.710 11.368 1,060 28,308 17,187 49,2CQ 46,555 CREDrroRS Amounts falling due within one year 14 192.3691 190,1711 CURRENT ASS5/(LIABILrnE5j 143,1691 143.616) TOTAL ASSETS LESS CURRENT LIABILITIES 135.923) {32,1761 CREDifoRS Amounts falling due after more than one year 15 117,5001 NET ASSETSIILIABILITIES) (35,9231 {49,6761 FUNDS Unrestricted funds 17 135.9231 149,6761 TOTAL FUNDS 135.923} 149,6761 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 01 the Companies Act 2(A)6. The notes form part of these financial statement5 Page 12 continued...
Herongate Fitness & Wellbeing Balance Sheet- contlnued 31st March 2025 The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records that comply wtth sections 386 and 387 of the Companies Act 2006 and preparinB financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirement5 of the Companies Att 2CK16 relating to financial Statements. so far as applicable to the charitable company. Ibl These financial statements have been prepared in accordance with the provisiofts applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on IS: OF ...*A5......... and were signed on its behalfby: Mrs Ford- Trustee The notes form part of these financial statements Page 13
Herongate Fitness & Wellbeing Cash Flow Statement for the Year Ended 31st March 2025 2025 2024 Notes Cash flows from operating artivities Cash generated from operations Interest paid 13,030 19241 13481 Net cash provided byllused in) operating activities 12.106 11.349) Cash tlows from Investlng actlvltles Purchase of tangible fixed assets Sale of tangible fixed assets 14251 14,3871 1,435 Net cash used in investing activities 14251 12,9521 Cash flows from financln8 artl¥itSes Loan Repayments in year 117,5(hJ} Net cash lused inl/provided by financing activwties 117,5001 Change In ènd cash equivalents In the reFrtIng period Cash and cash equivalents at the beginning of the reportin¥ period {5.8191 14,3011 17,187 21,488 Cash and cash equlvalents at the end of the reporting perfod 11,368 17,187 The notes form part of these financial statements Page 14
Herongate Fitness & Wellbeln8 Notes to the Cash Flow Statement for the Year Ended 31st March 2025 RECONCILIAnoN OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTNMES 2025 2024 Net income for the reporting perlod las per the Statement of Financial Artivities) Adjustments for: Depreciation charges Interest paid Decrease/lincreasel in stocks Increase in debtors Increaselldecreasel in treditors 13,753 29,738 4,622 924 938 19.4021 2,195 20.919 14061 16,5651 145,0351 Net cash provided by/(used in) operatlons 13,030 ANALYSIS OF CHANGES IN IDEBT}/FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank and in hand 17.187 15,8191 11,368 17,187 15.8191 11,368 Debt Debts falling due after l year 117,5C(I} 17,500 {17,5CQI 17,5CM) Total 13131 11,681 11.368 The notes form part of these financial statements Page 15
Herongate Fltness & Wellbeing Notes lo the Financial Statements for the Year Ended 31st March 2025 AccourinNG POUCIES Basis of preparing ihe finan¢ial statements The financial statements of the tharitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the CharitFes SORP {FRS 1021 'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparinE their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR5 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 21x16. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. Income All income is recognised in the Statement of Financial Attivities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure 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 economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basi5 and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to artivities on a basis consistent with the use of resources. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc 25% on cost and 20% on cost Related party exemption The charitable company has taken advantage of exemption. 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. Taxatlon The tharity is exempt from corporation tax on its charitable activities. Fund accounting Unrestrirted funds can be used in accordance with the charttable objective5 at the discretion of the trustees. Page 16 continued...
Herongate Fitness & Wellbelng Notes to the Financial Statements - continued for the Year Ended 31st March 2025 ACCOUNnNG pouaES- continued Fund accountlng Restricted funds can only be used for particular restricted purposes within the objects of the charitv. Restrirtions arise when specified by the donor or when funds are raised for particular restricted purpose5. Further explanation of the nature and purpose of each fund is included in the note5 to the financial statements. Hire purchase and leasing commltments Rentals paid under operating leases are charged to the Statement of Finantial AttiMtie5 on a straight line ba515 over the period of the lease. Pension costs and other post-retlrement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 2025 2024 Memberships Activity fees Sunbeds Sundry receipts Retail 597,858 75.958 7,521 30.165 6,303 533,275 72,161 5,463 23,700 8,383 717,805 642,982 Page 17 continued...
Herongate Fitness & Wellbeing Notes to the Flnancial Statements - contlnued for the Year Ended 31st March 2025 RAISING FUNDS Other trading actl¥ltles 2025 2024 Purchases lire of plant and machinery Support costs 36.679 1,296 44,653 1,765 37,975 46,418 CHARITABLE ACTIVITIE5 COST5 Support costs15ee note 51 Direct Costs Totals Leisure centre 605.649 60,428 666,077 SUPPORT COSTS Governance costs Management Finance Totals Leisure tentre 9.451 12,555 38,422 60.428 NEf INCOME/{ÉXPÉNDrruREI Net incomellexpenditurel is stated after charging/lcreditingl.' 2025 2024 Depreciation - owned assets Hire of plant and machinery 4,619 1.296 20,920 Page 18 continued...
Herongale Fitness & Wellbeing Notes to the Flnanclal Statements - contSnued for the Year Ended 315t March 2025 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 315t March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. STAFF COSTS 2025 2024 Wages and salaries Social security Costs Other pension costs 217.696 8.267 2,276 192,032 6,280 2,694 228,239 201,¢)06 The average monthly number of employees during the year was as follows.. 2025 14 2024 li Staff No employees received emoluments in excess of £E.(ml. COMPARATIVES FOR THE STATEMENf OF FINANCIAL AcnvmES Unrestrict fund INCOME AND ENDOWMENTS FROM Donations and legaties 642,982 EXPENDITURE ON Raising funds 46.418 Charltsble actItIes Leisure centre 566,826 Totsl 613,244 NETINCOME 29,738 Page 19 continued...
Herongate Fitne55 & Wellbeing Notes to the Financial Statements- continued for the Year Ended 31st March 2025 COMPARATIVES FOR THE STATEMENT OF FINANaAL ACTivmES- continued Unrestrict fund RECONCIUATION OF FUNDS Total funds brought forward 179.4141 TOTAL FUNDS CARRIED FORWARD 149,6761 10. TANGIBLE FIXED ASSErs Leisure Office equiprnent equipment Totals COST At 1st April 2024 Addition5 190,823 19.777 425 210,600 425 At 31st March 2025 190.823 20.202 211,025 DEPRECIATION At 1st April 2024 Charge for year 182,714 3,589 16,546 1,030 199,260 4,619 At 31st March 2025 186,303 17,576 203.879 NET BOOK VALUE At 31st March 2025 4.520 2,626 7,146 At 31st March 2024 8,109 3,231 11.340 Page 20 continued...
Herongate Fltness & Wellbeing Notes to the Financial Ststements - continued for the Year Ended 31st March 2025 11. FIXED ASSEf INVESTMENTS Shares in group undertakin MARKEf VALUE At 1st April 2024 and 31st March 2025 i(L) NET BOOK VALUE At 31st March 2025 loo At 31st March 2024 ICKJ There were no investment assets outside the UK. 12. STOCKS 2025 2024 Stocks 122 1,060 13. DEBTORS: AMouKfs FALLING DUE wfrHIN ONE YEAR 2025 2024 Trade debtors Prepayments and accrued income 12,768 24,942 4,837 23,471 37,710 28,308 Page 21 continued...
Herongate Fitness & Wellbein8 Notes to the Flnancial Statements- contlnued for the Year Ended 31st March 2025 14. CREDITORS: AMouKfs FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Amount5 owed to group undertaking5 Social security and other taxes Other creditors Pension cost payable Accrua15 and deferred income 43,098 24,282 3,962 32,432 24.282 2,662 15,IX4) 221 15,574 421 20,606 92,369 90.171 IS. CREDITORS: AMouKfs FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Other loans (see note 161 17.500 16. LOANS An analysi5 of the maturity of103ns is given below: 2025 2024 Amounts falling between one and two years- Other loans - 1-2 years 17,500 17. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unre5trlrted funds General fund 149.6761 13.753 {3S.9231 TOTAL FUNDS {49.6761 13,753 135,9231 Page 22 continued...
Herongate Fitne55 & Wellbeing Notes to the Financial Statements - continued for the Year Ended 3tst March 2025 17. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resources Resources Movement expended in funds Unrestricled funds General fund 717,805 1704,0521 13,753 TOTAL FUNDS 717,805 1704.0521 13,753 Comparatlves for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unre5trirted funds General fund {79,4141 29.738 149.6761 TOTAL FUNDS 179.4141 29,738 149,6761 Comparative net movement in funds. included in the above are a5 follows: Incoming resources Resources Movement expended in f unds Unrestricted funds General fund 642,982 1613,2441 29,738 TOTAL FUNDS 642.982 1613,2441 29,738 Page 23 continued...
Herongate Fitne55 & Wellbeing Notes to the Financial Statements - continued for the Year Ended 31st March 2025 17. MOVEMENT IN FU14DS- continued A current year 12 months and prior year 12 months combined position is as follow5: Net movement in funds At 31.3.25 At 1.4.23 Unrestrlrted funds General fund 179,4141 43,491 135,9231 TOTAL FUNDS 179,4141 43,491 135,9231 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resource5 Resources Movement expended in funds Unrestricled funds General fund 1.3fKJ,787 11,317,296) 43,491 TOTAL FUNDS 1.360,787 11,317,2961 43.491 18. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31st March 2025. Page 24
Heronsate Fitness & Wellbeing Detailed Statement of Flnanclal Actlvlties for the Year Ended 31st March 2025 2025 2024 INCOME AND ENDOWMENTS Donatlons and legacies Memberships Activity fees Sunbeds Sundry receipts Retail 597.858 75,958 7,521 30.165 6.303 533,275 72.161 5,463 23,700 8,383 717.805 642,982 Total In¢orning resources 717.805 642,982 EXPENDITURE Other tradlng artlvitles Purchases Hire of plant and machinery 36.679 1.296 44,653 37.975 44,653 Charltable artlvltles Wages Social security Pen5ion5 Rates and water Insurance Light and heat Telephone Advertising Cleaning Staff welfare Subscriptions Travelling Staff training Medical insurance Uniforms Carried forward 217,696 8.267 2,276 23.IlX) 10,490 157,837 4,761 2,181 42,494 192,032 6.280 2,694 19,2(Xl 9,391 145,235 2,553 3,110 19,514 25 944 136 2,028 35 740 403,917 1.278 300 35 716 471,431 This page does not form part of the statutory financial statements Page 25
Herongate Fitness & Wellbeing Detailed Statement of Financial Artivities for the Year Ended 31st March 2025 2025 2024 Charitsble artivities Brought forward Computer costs Health and safety Waste Licences ReEular hire charge Repairs and renewals Depreciation of leisure equipm ent Depreciation of office equipme nt 471,431 722 8,144 2,288 7.312 449 110,681 3,589 1,033 403,917 903 4,519 1,542 5,566 449 86,645 19.264 1,655 605.649 524,460 Support costs Managemenl Postage and stationery Sundries 5,106 4.345 6.347 1,144 9.451 7,491 Finance Bank Charges Credit card Loan 300 11.331 924 372 10,377 I,c()i 12,555 11,750 Governance costs Accountancy fees Legal fees 15,600 22,822 11.413 13,477 38,422 24,890 Total resources expended 704,052 613,244 Net income 13,753 29,738 This page does not form part of the statutory financial 5tatement5 Page 26