Registered number:
Charity number: 1047742 (England and Wales)
(A company limited by guarantee)
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
CONTENTS
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ACTIVE NATION UK LTD
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees (who are also directors of the charity for the purposes of the Companies Act present their annual report incorporating the directors report and strategic report together with the audited financial statements of Active Nation UK Ltd (the company) for the year ended 31 March 2022. The Trustees confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the FRS 102 Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities", effective 1 January 2019. STRUCTURE, GOVERNANCE AND MANAGEMENT Governance and Constitution The company is a registered charitable company limited by guarantee (Company registration number 3072216) and was set up by a memorandum and articles on 23 June 1995. It is registered with the Charity Commission in England and Wales as charity number 1047742. The principal objects are "to provide or assist in the provision of facilities for recreation and other leisure time occupation for the general public in the interests of social welfare and with the object of improving their conditions of life". A strategic review of the Governance documents was undertaken and new Articles of Association were adopted by the Board on 24 July 2013. Three additional objectives were introduced such that the organisation could more properly work to meet the changing nature of its sphere of work. They were:- • to promote amateur sports including in particular the Sports; • to promote community participation in healthy recreation, in particular by the provision of facilities for the learning, teaching and playing of the Sports. • to advance education in health in particular, but not exclusively, by the provision of training and information for health or fitness professionals, coaches, instructors and the general public. • the "Sports" includes, but is not limited to, badminton, basketball, climbing, cricket, judo, football, gymnastics, hockey, netball, swimming, table tennis, tennis and volleyball. The Charity has a simple cause-led mission - Persuading the Nation to be Active. Under this simple but purposeful mission, the charity delivers what really matters to communities; exciting sports and exercise programmes which encourage them to sustain a healthy lifestyle. The Board of Trustees administer the Charity and determine Strategy and Policy. The Board meets a minimum of 4 times per year with sub-committees meeting as and when necessary. The Managing Director has delegated authority, set out by the Board, to progress implementation of the Charity's strategy. The Managing Director is responsible for the implementation and day to day monitoring of the decisions of the Board and provides monthly financial reports on each contract together with details of Strategy Implementation, Business Development and Operational Matters. Supporting the Managing Director during 2020-21 was a Central Support Team consisting of a Finance Director, Commercial Director, Operations Director and Well-Being Director. Members of the Central Support Team provided support to the Charity' contracts assisting the Business Managers and their teams at a local level. Report of the Trustees for the Year ended 31 March 2022 Additionally, consultants for Business Advice, Health and Safety, Human Resources, IT & Cost Control also provide specialist information and advice to the organisation. The principal risks and uncertainties facing the Charity are reviewed regularly by the Central Support Team and systems or procedures have been established to manage these risks. Each contract is managed by a Business Manager supported by a comprehensive staffing establishment. Business Managers and key Central Support staff meet on a monthly basis to discuss the performance of the contracts and examine key issues to assist with the provision of comprehensive reports for the Board of Trustees. These reports also contain recommendations for future decisions and strategy. Recruitment and Appointment of Trustees New Trustees are recruited and appointed in accordance with the Articles of Association and the Charity Commission's guidance. The process involves:
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ACTIVE NATION UK LTD
(A company limited by guarantee)
Assessing the skill set of existing Trustees;
• Identifying new skills/experience required • Recruiting using local and national media • Screening expressions of interest including an informal meeting with a Trustee • Formal interview process involving a Trustee and the Managing Director New Trustees undergo an orientation to brief them on their legal obligations under charity and company law; the Articles of Association, governance processes, strategic plan and financial performance. In addition new Trustees meet each member of the Operational Leadership team who brief them upon their scope of responsibility. The Trustees, who were also Directors, that served during the year were: D J Hughes S Lambert A G Majakas (resigned 24 August 2021) B A James (resigned 22 March 2022) D L Clayton (appointed 1 March 2022) The following were also Directors of the company during the year: S Chahal (resigned 23 March 2022) S R Martin (resigned 24 March 2022) STRATEGIC POSITIONING, OBJECTIVES AND REVIEW OF ACTIVITIES AND ACHIEVEMENTS Throughout the year, our leadership team have continued a process of repositioning Active Nation from being seen as a sport & exercise led company towards becoming a health & well-being charity. The reopening of our business following Pandemic enforced closures has marked an encouraging recovery of the performance of the Charity assessed in terms of financial performance and participation across all areas of the organisation. Active Nation is emerging positively from the current challenges and is developing a new focus, not simply delivering sport and exercise, but providing a broad-based wellness solution that supports the health and happiness of our communities. We have moved our emphasis from ‘sector’ to ‘eco-system’, from ‘market’ to ‘community’ and from ‘fitness and leisure’ to ‘health and wellness’. What has been clear across the last 12 months is that at a time of ill-health for many, there was a clear absence of good health (through physical activity) being reached for as a beacon to renew and emerge in better shape. We are no longer a facility-centric organisation that promotes a limited proposition of gyms and leisure centres and we’re extending our well-being solutions online because they meet the physical and mental health needs of the population as exercise and consumer behaviour has changed. Our gyms, studios, and leisure centres are an important part of the physical activity landscape, but they are only a part as our proposition needs to satisfy the needs of not only 15% of the population currently. For many years, participation in regular exercise in facilities has failed to have a transformational effect upon overall participation across the UK. Despite our quality being better, our capacity increasing and the cost of our ‘fitness/swimming’ price never being more affordable, increases in participation have been marginal. Add to that the fact that deep health inequalities remain in our society and we are forced to acknowledge that the impact we make upon our communities could be so much greater. Our approach beyond covid-recovery with Active Nation is being delivered differently. While our venues perform an Important a role, the health of our communities will not be improved by gyms and leisure centres alone; it will be determined by how effective the whole physical activity and health eco-system can be in aggregating its effort and elevating the value of exercise into the consciousness of our communities. We know there is an opportunity, we recognise there is a need and Active Nation is adapting to highlight the problem it solves, not just the products it sells. Following the Pandemic there is a greater appreciation that physical activity is a real inhibitor to major chronic disease. We know that a large proportion of the population remain physically inactive. The pandemic has disrupted the exercise patterns of many, and we know that those who are more socio-economically disadvantaged have the least propensity to exercise. It is also clear that
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ACTIVE NATION UK LTD
(A company limited by guarantee)
people from those groups that do exercise, have been affected the most.
We know too that there has been a massive response in the digital world. The likes of Apple, Google and Amazon have made serious entries into the health and fitness arena – and these are companies that really know how to nudge and influence behaviour. We know that home working is likely to be more prevalent in the future and the population is starting to appreciate that working out at home or from home is increasingly accessible. Connecting and supporting those people in the future will be critical. We know that the economic pressures may be too much for some operators to survive long term, but that there will remain many people for whom facilities provide not only the breadth of physical activity they crave but social interaction too. Our new mission “To inspire the nation to improve their health and well-being” has been designed to achieve our vision of being “The number one health and well-being Charity in the UK.” In July, Active Nation was successful in winning a 15-year leisure management contract working in partnership with Filton Town Council. Active Nation is to manage Filton Sports Centre near Bristol commencing on the 1st November. This will be followed by a £4.5M refurbishment of the venue which will commence in the summer of 2022. In January 2021, the Charity was also awarded a 3-year contract, with an option to extend by 1year, for the ‘back-office support services’ with Active Torridge, part of Torridge District Council. Under the terms of this contract Active Nation will support finance, CRM and web solutions. In addition to the new contracts awarded, the charity is actively seeking new opportunities, extending existing contracts and exploring partnerships and collaborations with likeminded organisations to continue the growth of the Charity. In our existing business Active Nation continues to work hard to establish itself as a trusted partner for local authorities who themselves are continuing to experience increasing financial pressures. Active Nation has found it difficult to compete with larger organisations in its core market and chosen specifically to diversify strategic growth opportunities away from management of traditional leisure centre contracts. Our technology-led operating model and continual investment into CRM systems has enabled us to improve our Supporter experience. This in turn allows us to continually inform our business strategy with comprehensive data and manage the experience of all users. Finally, Active Nation continued to invest into ‘Our People’ and in many cases offered a coaching and mentoring programme to all leaders across the business as part of their ongoing personal development in the organisation. The Leadership Team continues to visit sites regularly to support local leadership backing the roll-out of activities. Our venues, especially the older facilities, are becoming more costly to manage and much is being written about the current uncertain economic times. We continue to expect to perform well; our high quality, outstanding value fitness proposition will remain relevant even if the economy becomes more subdued. Public Benefit Summary In setting objectives and planning for activities, the Trustees have given due consideration to guidance published by the Charity Commission relating to public benefit. The charitable purpose of Active Nation is enshrined in the very simple cause-led mission, "to persuade the nation to be active" in order that it can contribute positively to reducing the incidence of major chronic disease. The charity has continued to work tirelessly to fulfil its purpose and achieve its public benefit objectives in partnership with its local authority clients. Most particularly it has worked hard to enhance the health and well-being of local communities through promoting recreational opportunity and encouraging increased activity participation. Innovative programming, engagement with disadvantaged community groups, and the development of key partnerships with other agencies such as Public Health departments, Schools and Clubs are all essential features of the Charity's work. Alongside low or no cost pricing structures, a dynamic campaigning strategy has been employed by the charity in the pursuit of its aims which now incorporates extensive use of digital technology. Business Review & Principal Activities
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ACTIVE NATION UK LTD
(A company limited by guarantee)
The Charity has continued to be an able partner of local authorities in the management of sports and leisure facilities under contract on their behalf and in striving to make a positive impact upon the physical activity levels of their communities. In 2021-22 the Charity worked with the following local clients and managed the facilities detailed below: City of Lincoln Council Yarborough Leisure Centre and Birchwood Community Leisure Centre Rushmoor Borough Council Alpine Snowsports Centre, Aldershot Southampton City Council Quays Swimming & Diving Complex Bitteme Leisure Centre Chamberlayne Sports Centre Outdoor Sports Centre Woodmill Outdoor Activities Centre Southampton Water Activities Centre Alpine Snowsports Centre, Southampton Southampton City Council (Public Health) Exercise on Referral Scheme South Derbyshire District Council Green Bank Leisure Centre Etwall Leisure Centre Runcorn Active Nation Runcorn Basingstoke Atmosphere Lymington Boutique Fitness Long Eaton Active Nation Long Eaton (low-cost fitness) Preston Active Nation Preston (low-cost fitness) Ormskirk Active Nation Ormskirk (low-cost fitness) Filton (Bristol) Filton Leisure Centre – contract commenced 1st November 2021 Performance Despite the continuing challenging economic environment, the Charity under the Active Nation brand with its cause led mission, showed considerable resilience and the unequivocal attention to the quality of activity programmes being provided to local communities and a commitment to the tight control of cost all contributed to this year's result. The Trustees believe that such a result provides an improved platform upon which to seek further opportunities to grow its activities and extend the work of the Charity. KPI’s KPI 2021/2022 2020/2021 Income from charitable activities: Management Activities £8,796,282 £2,151,859 Income from charitable activities: Sports Subsidy £1,036,424 £1,960,066 Employee Costs £6,065,925 £5,626,270
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ACTIVE NATION UK LTD
(A company limited by guarantee)
Net Funds (£2,848,132) (£1,763,826) Quality The Charity remained committed to independent assessment of the quality of its operations, retaining Investors in People and Quest accreditation at its venues. Social Inclusion Initiatives The Charity has continued to energetically pursue initiatives and develop activities that serve to reduce barriers to participation and provide opportunities for sports and exercise for sections of the population where such opportunity is often denied. Particularly, the Charity has developed specific programmes for young people to arrest the onset of obesity, provided exclusive opportunity for people with mental and physical disabilities, established activity in conjunction with crime disorder programmes and continued to implement highly successful cardiac rehabilitation and exercise referral schemes. Two specific initiatives continue to promote increased levels of Physical Activity in those where obstacles often prevail. The Active Communities scheme aimed to identify and use green space within city centres to encourage people to be more active and additionally the Charities ActiveAbility scheme provided renewed focus on participation programmes for the physically and mentally restricted. Technology The Charity continues to make significant investment strengthening use of an Online and Digital platform, supported with further development of a Supporter App that enhances the supporter experience. This digital transformation will enable all venues to have improved communications with Supporters and improve the tracking of activity. This will facilitate the collection of standard key performance indicators, but also importantly provide a more 'user-friendly' system for its Supporters to make purchases and communicate digitally. Additional development was committed to the Charity's web presence and new technology enabled supporters from all over the country to engage with the Charity. Trustees The Charity continues to have a keen approach to governance, determining the key strategic direction and meeting on a quarterly basis. As the Charity continues to work hard to overcome the financial challenges that remain, Trustees have played an active role in reviewing the financial performance and supporting the management team. They consider that significant progress has been made during an exceedingly challenging year. The Charity has positioned itself to advance its good cause and is excited about the future partnerships that can develop from this more robust base. Management Continuing to build upon the development of the 'Brilliant' Active Nation Manager programme, the organisation has further developed the 'Brilliant Rewards' initiative, which sought to recognise exceptional work undertaken by its employees and nominated for that recognition by their peers. This was a particularly effective cultural engagement tool and will have played a positive role in the encouraging results of the Charity's first 'organisation-wide' People Survey. Campaigning A full year of commenced following the reopening of Fitness venues on the 12th April 2021. Recovery under operating restrictions was positive returning supporter restrictions to 85% of the pre-pandemic levels. Employment & Internal Communications Active Nation is committed to the principles of equal opportunity and enshrines this in a Policy document
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ACTIVE NATION UK LTD
(A company limited by guarantee)
approved by the Board of Trustees and reviewed annually. Active Nation does not discriminate negatively or positively on the basis of physical or mental disability but appoints on the basis of suitability for the position available. Where an employee has or develops a disability, Active Nation makes adaptations either to the workplace and/or to their working activity. The organisation's people, practices, procedures and training support employees from the point of recruitment and throughout a person's employment with the Charity.
The continued promotion of web-based internal communication tools, provides a positive means of people engagement that has enhanced communication across the organisation, shared best practice, promoted events and 'shout out' about success stories. Consultation is undertaken through representative people groups at each contract (split into indoor and outdoor venues at Southampton), which feed into a biannual Charity people Group to raise any local issues which need senior input. In turn these issues are considered under the Safety Meeting agendas for the safety coordinators and the strategic safety leadership meeting. In effect, an issue can go to the top of the organisation and back through the cascade system. Unilateral pay reviews are conducted annually by the senior management team in conjunction with the trustees. Local pay rates are determined by the contract Business Managers. Geography and TUPE are taken account of in deciding the salary ranges at local level. Salaries for key management staff are set by the Managing Director with the support of the Finance Director, in accordance with the Charity's Remuneration Policy and approved by the Trustees. Local and national comparators are taken into account, alongside individual responsibility levels and performance. Trading Subsidiary The Charity has a dormant trading subsidiary, Active Nation UK Trading Ltd which was set up to account for the activities of the Canoe Shop in Southampton. At the end of the financial year 2016 the future expected turnover was not considered significant enough to require being undertaken by a separate trading company therefore the Canoe Shop· was transferred back to the Charity. The Charity is exploring potential opportunities to reduce/eliminate the deficit. Going Concern The Charity will continue to explore opportunities in its core market, but it also believes that its experience in Public Health contracts (Southampton and contracts in educational settings (Yarborough & Etwall) will enable the Charity to position itself and capitalise upon extending its objectives across broader markets and communities. Whilst the economic climate remains very challenging the involvement of the third sector as a significant delivery vehicle of front-line services will ensure that the Charity increases its impact upon activity participation rates across the UK and will further enhance the financial stability of the organisation. The Charity continues to look at expenditure and reduce where they can, gaining more competitive deals, especially around energy and other high value contracts. A number of payment plans have also been set up to clear legacy debt which built up within COVID. The Charity has also gone through a restructure to streamline staff and reduce costs. The Charity made a loss of £1,084,306 in the year to 31st March 2022, and a loss of £1,364,079 in the year to 31st March 2021, and had net liabilities of £2,848,132 for 31st March 2022 and £1,763,826 for 31st March 2021. The Trustees recognise that there are material uncertainties regarding the going concern status of the Charity, but they have confidence that the measures they have in place will meet all obligations as they fall due. FINANCIAL REVIEW Detailed results for the year are shown in the financial statements. The charity's principal funding comes from users of the facilities. Funds from local authorities are proportionately considerably less than for other leisure
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ACTIVE NATION UK LTD
(A company limited by guarantee)
trusts.
Investment and Risk Management Reporting and monitoring requirements are reviewed annually by the Board. The trustees require all contracts to prepare monthly income and expenditure and cash flow reports and quarterly forecasts. Approval for new contracts and capital investment is based on the Board's review of the following information: 1. Projected income and expenditure positions for the new contract/investment period; 2. Cash flow projections for periods as in (a); 3. Financial impact on current operation; 4. Review of project detail including confirmation that it falls within the charity's objectives; 5. Consideration of the VAT position; 6. Internal rate of return; 7. Capital Investment Project progress is reported to the Board at each meeting. A Risk Register is also maintained and updated every six months. This enables the trustees to determine future action. The Chairman meets weekly with the Managing Director and other officers as necessary to review key matters arising between Board meetings. Reserves The Charity generates most of its funds via subscriptions and doesn't carry out significant fund raising activities. Whilst the Balance Sheet shows unrestricted reserves of (£2,848,132) for FY22. Auditors The auditors, Shaw Gibbs (Audit) Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by:
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ACTIVE NATION UK LTD
(A company limited by guarantee)
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2022
Approved by order of the members of the board of Trustees and signed on its behalf by:
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ACTIVE NATION UK LTD
(A company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACTIVE NATION UK LTD
We have audited the financial statements of Active Nation UK Ltd (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
We draw attention to note 2.2 in the financial statements, which indicates that there was a deficit of £1,084,306 for the year ended 31 March 2022 and net liabilities of £2,848,132. Recovery from the coronavirus pandemic and increasing costs have negatively impacted ongoing the operating position and cash flow of the Group and parent charitable company.
As stated in note 2.2, these events or conditions, along with the other matters as set forth in the note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACTIVE NATION UK LTD (CONTINUED)
The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. 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, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements.
∙the Trustees' report has been prepared in accordance with applicable legal requirements.
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
∙the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or
∙the parent charitable company financial statements are not in agreement with the accounting records and returns; or
∙certain disclosures of Trustees' remuneration specified by law are not made; or
∙we have not received all the information and explanations we require for our audit.
As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACTIVE NATION UK LTD (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We gained an understanding of the legal and regulatory framework applicable to the Group and parent charitable company and the industry in which it operates, and considered the risk of acts by the Group and parent charitable company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Charities Act 2011, Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the Trustees that represented a risk of material misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACTIVE NATION UK LTD (CONTINUED)
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
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ACTIVE NATION UK LTD
(A company limited by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
REGISTERED NUMBER: 03072216
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
REGISTERED NUMBER: 03072216
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
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ACTIVE NATION UK LTD
(A company limited by guarantee)
REGISTERED NUMBER: 03072216
CHARITY BALANCE SHEET
AS AT 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
REGISTERED NUMBER: 03072216
CHARITY BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
The Charity's net movement in funds for the year was £(
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
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ACTIVE NATION UK LTD
(A company limited by guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
The company is a private company limited by guarantee incorporated in England and Wales. Its registered office is Unit 1B Hatton Rock Business Centre, Hatton Rock, Stratford Upon Avon, Warwickshire, CV37 0NQ.
The Trustees listed in the accounts are also members of the company. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
2.Accounting policies
The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.
The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
2.Accounting policies (continued)
The Charity will continue to explore opportunities in its core market, but it also believes that its experience in Public Health contracts (Southampton and contracts in educational settings (Yarborough & Etwall) will enable the Charity to position itself and capitalise upon extending its objectives across broader markets and communities.
Whilst the economic climate remains very challenging the involvement of the third sector as a significant delivery vehicle of front-line services will ensure that the Charity increases its impact upon activity participation rates across the UK and will further enhance the financial stability of the organisation. The Charity continues to look at expenditure and reduce where they can, gaining more competitive deals, especially around energy and other high value contracts. A number of payment plans have also been set up to clear legacy debt which built up within COVID. The Charity has also gone through a restructure to streamline staff and reduce costs. The Charity made a loss of £1,084,306 in the year to 31st March 2022, and a loss of £1,364,079 in the year to 31st March 2021, and had net liabilities of £2,848,132 for 31st March 2022 and £1,763,826 for 31st March 2021. The Trustees recognise that there are material uncertainties regarding the going concern status of the Charity, but they have confidence that the measures they have in place will meet all obligations as they fall due.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
2.Accounting policies (continued)
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of meeting any performance related conditions there is not unconditional entitlement to the income and its recognition is deferred and included in creditors as deferred income until the performance related conditions are met. Where entitlement occurs before income is received, the income is accrued. Government Furlough Grants are recognised in the period of entitlement.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Cost of generating funds are calculated as a percentage of wages and salaries and associated costs. Cost of sales is the value of bar and catering purchases including delivery. Included within governance costs are support costs and management and administration expenses. Support costs are calculated as 80% of administrative expenditure, 100% of support services costs and 100% of legal costs. Management and administration costs are calculated as 20% of administrative expenditure and 100% of audit and accountancy costs.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
2.Accounting policies (continued)
Government grants relating to tangible fixed assets are treated as deferred income and released to the Consolidated statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Consolidated statement of financial activities as the related expenditure is incurred.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Intangible assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.
Amortisation is provided on the following bases:
Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
The estimated useful lives are as follows:
Investments in subsidiaries are valued at cost less provision for impairment.
Cost of stock is calculated on a first in, first out basis, excluding VAT.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
2.Accounting policies (continued)
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Group. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Consolidated statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.
Pension costs in respect of contributions made by the company to money purchase personal pension schemes are charged to the statement of financial activities as incurred.
The Group operates a defined benefits pension scheme. The scheme is a multi-employer where it is not possible, in the normal course of events, to identify on a consistent and reasonable basis, the share of underlying assets and liabilities belonging to individual participating employers. Therefore, the Group accounts for this scheme as if it was a defined contribution scheme. The amount charged to the Statement of financial activities incorporating income and expenditure represents contributions payable to the scheme in respect of the accounting period.
The majority of incoming resources are exempt from VAT resulting in the Charity being unable to recover all the VAT on purchases. The proportion of disallowed VAT is calculated quarterly and annually be a method approved by HMRC and is included within charitable expenditure within activities in furtherance of the Charity's objectives.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
In the application of the Company's accounting policies, which are described above, management is required to make estimates, judgments and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources.
The estimates and underlying assumptions are based upon historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Critical accounting estimates and assumptions:
There are no sources of estimation uncertainty that have a significant effect of the amounts recognised in the financial statements.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
8.Analysis of expenditure by activities (continued)
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
8.Analysis of expenditure by activities (continued)
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
10.Staff costs (continued)
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
The following was a subsidiary undertaking of the Charity:
The financial results of the subsidiary for the year were:
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
The total amount within bank loans relate to a CBILS Business Loan of £1.6m in response to the economic issues incurred with the Covid 19 Pandemic and was received in June 2020 from NatWest Bank Plc. Loan repayments began in January 2022 and are for 54 months with interest charged at 3.37% per annum. The bank loan is secured by was of an unlimited debenture, with fixed and floating charges over the company's assets.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Financial assets and liabilities are measured at amortised cost. Financial assets is made up of bank, trade debtors and other debtors. Financial liabilities are made up of bank loans, trade creditors, other creditors and finance leases.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
24.Analysis of net assets between funds (continued)
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
The contract for the Chorley sports centre complex ended in September 2020, where the running of the site was handed back to the council. The charity is still in negotiations with the council as to the liabilities due in relation to the end of the contract. The latest correspondence from the council was received in February 2022 and there is a large difference between the sum the council consider payable and the sum the charity considers payable. Therefore, no reliable estimate of the liability can be substantiated, and no figure has been provided in the financial statements.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
The group operated a defined contributions pension scheme and contributed to multi-employer defined benefit pension schemes where it is not possible to identify the company's share of the underlying assets and liabilities and these have been treated as defined contribution pension schemes. The assets are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £108,340 (2021 - £94,885). At the year end there was payments of £23,696 (2021 - £13,003) due.
The Charity is incorporated as a company limited by guarantee having no share capital and, in accordance with the Memorandum of Association, the three members of the Charity are liable to contribute up to £10 each in the event of the company being wound up.
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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ACTIVE NATION UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
32.Related party transactions (continued)
Control of the charity rests ultimately with the
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