Aneurin Leisure Trust
Financial health, per its FY2024 accounts
The accounts state that the charity reported a significant deficit of £9,476,535 for the year ended 31 March 2024, resulting in unrestricted reserves of £656,742. The trustees note that unrestricted reserves are below the stated policy target of £750,000 and recognize the need to significantly increase current levels. Despite the deficit, the auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The Trust aims to maintain a minimum unrestricted reserve balance of £750,000, excluding any actuarial gains or losses.”
“Within the period the Trust received £3,170,641 as a management fee from Blaenau Gwent County Borough Council.” — page 64
“The Charitable Trust owns 100% of the ordinary share capital of LLT limited. LLT limited rents camping and caravanning pitches at Parc Bryn Bach.” — page 67
“Within the period the Trust received £3,170,641 as a management fee from Blaenau Gwent County Borough Council.” — page 64
“The Charitable Trust owns 100% of the ordinary share capital of LLT limited. LLT limited rents camping and caravanning pitches at Parc Bryn Bach.” — page 67
“Within the period the Trust received £3,170,641 as a management fee from Blaenau Gwent County Borough Council.” — page 64
“The Charitable Trust owns 100% of the ordinary share capital of LLT limited. LLT limited rents camping and caravanning pitches at Parc Bryn Bach.” — page 67
“The pension liability on an FRS 102 basis as at 31 March 2024 has improved to £8,454m from a surplus of £5,263m in 2023. However, the pension fund’s actuary has considered the impact of accounting to recognise an asset ceiling for the pension fund asset, and they have assessed that the asset ceiling should be nil therefore the pension fund asset has been revised to nil to ensure appropriate accounting treatment.” — page 64
“The Charitable Trust owns 100% of the ordinary share capital of LLT limited. LLT limited rents camping and caravanning pitches at Parc Bryn Bach.” — page 67
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- DONNA HARDMAN
- Kathryn Lisa Holley
- Kyleigh Marie Davies
- LYN JAMES EVANS
- Matthew Burkitt
- Nichola Yevette Morden-Tew
- Shaun David Anthony Hughes
- Stephen James Priestnall
- Steven Hughes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £10.6m | £10.4m |
| 31/03/2024 | £9.5m | £18.9m |
| 31/03/2023 | £8.6m | £10.3m |
| 31/03/2022 | £7.7m | £8.7m |
| 31/03/2021 | £7.6m | £7.8m |
Common questions
Is Aneurin Leisure Trust financially healthy?
The accounts state that the charity reported a significant deficit of £9,476,535 for the year ended 31 March 2024, resulting in unrestricted reserves of £656,742. The trustees note that unrestricted reserves are below the stated policy target of £750,000 and recognize the need to significantly increase current levels. Despite the deficit, the auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Azets Audit Services.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 02/11/2020 | £2k | "#Natur Parc Bryn Bach Sensory Garden" |
| The National Lottery Heritage Fund | 27/02/2014 | £75k | "Blaenau Gwent in the First World War" |
| The National Lottery Heritage Fund | 17/02/2012 | £25k | "Voice and Identity" |
| The National Lottery Heritage Fund | 18/03/2010 | £182k | "Blaenau Gwent Access to Heritage Project" |