TORFAEN LEISURE TRUST LIMITED

Charity Number: 1152301
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The trust has entered into an agreement with the Council whereby the trust undertakes to deliver recreational and other leisure activities at various leisure facilities which are owned and leased by the Council as a step forward in creating a more active and healthy Torfaen with sport/physical activity at the heart of our communities.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£5,255,739

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Donations and legacies £136.00k
Charitable activities £2.92m
Other trading activities £0
Investments £43.96k
Other £2.16m

Total expenditure:
£5,624,225

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Raising funds £0
Charitable activities £5.62m
Other £0

£0 investments gains (losses)

Total income includes £2,156,977 from 1 government contract(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £5.62m

People

121 Employee(s)

7 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1
£70k to £80k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • Recreation
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • People Of A Particular Ethnic Or Racial Origin
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Torfaen

Governance

Registration history:
  • 05 June 2013: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
08524186 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

7 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Cllr Rosemarie Ann Seabourne Trustee 05 December 2023
None on record
Jessica Lauren Hale Trustee 15 November 2023
None on record
Edward Lawrence Jones Trustee 01 November 2023
None on record
Matthew David Nash Trustee 01 November 2023
None on record
Jennifer Louise Owen Trustee 01 November 2023
None on record
Griffith John Griffiths Trustee 01 November 2023
None on record
Alexander Mark Hunter Trustee 01 November 2023
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £4.77m £3.90m £4.63m £4.03m £5.26m
Total expenditure £5.47m £3.82m £5.15m £5.22m £5.62m
Income from government contracts £1.81m N/A N/A £1.37m £2.16m
Income from government grants N/A £1.75m £1.40m £118.01k N/A
Income - Donations and legacies £136.00k £136.00k £136.00k £149.74k £136.00k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £4.63m £3.76m £4.50m £3.87m £2.92m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £3.12k £565 £207 £6.19k £43.96k
Income - Other £0 £0 £0 £0 £2.16m
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £5.47m £3.82m £5.15m £5.22m £5.62m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £11.13k £30.47k £61.44k £67.75k £103.75k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £1.38m £1.41m £1.25m £1.03m £1.10m
Long-term investments £0 £0 £0 £296.24k £0
Other assets £1.15m £1.14m £1.64m £925.45k £992.99k
Defined benefit pension scheme asset or liability -£3.45m -£6.65m -£5.40m £680.00k £3.02m
Total liabilities £1.39m £1.03m £1.08m £883.54k £2.16m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 08 January 2025 On Time
Accounts and TAR 31 March 2024 08 January 2025 On Time Download Open in new window
Annual return 31 March 2023 07 March 2024 36 days late
Accounts and TAR 31 March 2023 07 March 2024 36 days late Download Open in new window
Annual return 31 March 2022 20 December 2022 On Time
Accounts and TAR 31 March 2022 20 December 2022 On Time Download Open in new window
Annual return 31 March 2021 20 December 2021 On Time
Accounts and TAR 31 March 2021 20 December 2021 On Time Download Open in new window
Annual return 31 March 2020 28 January 2021 On Time
Accounts and TAR 31 March 2020 28 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 10 MAY 2013

Charitable objects

3 OBJECTS THE OBJECTS OF THE CHARITY (THE "OBJECTS") ARE: 3.1 TO PROMOTE THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, FINANCIAL HARDSHIP OR SOCIAL AND ECONOMIC CIRCUMSTANCES OR FOR THE PUBLIC AT LARGE IN THE INTERESTS OF SOCIAL WELFARE AND WITH THE OBJECT OF IMPROVING THE CONDITION OF LIFE OF THE SAID INHABITANTS; 3.2 TO PROMOTE COMMUNITY PARTICIPATION IN HEALTHY RECREATION BY PROVIDING AND PROMOTING FACILITIES AND ORGANISING ACTIVITIES FOR THE PLAYING OF SPORT; 3.3 TO PROMOTE THE ADVANCEMENT OF THE PHYSICAL EDUCATION AND HEALTHY RECREATION AMONGST YOUNG PEOPLE NOT UNDERGOING FORMAL EDUCATION; FOR THE BENEFIT OF THE PUBLIC (AND IN PARTICULAR, BUT NOT LIMITED TO, THE PEOPLE OF TORFAEN COUNTY BOROUGH COUNCIL)

Contact information

Address:
Cwmbran Stadium Sports Centre
Henllys Way
CWMBRAN
Gwent
NP44 3YS
Phone:
01633 627100
Email:
enquiries@torfaenleisuretrust.co.uk
Website:

www.torfaenleisuretrust.co.uk Open in new window