Charity registration number 1115595 ABILITY BOW ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ABILITY BOW LEGAL AND ADMINISTRATIVE INFORMATION Tyustees F M Baron L N Sheehan S Bhatli A Chaboryk S E Currie- Chair S Davies N Helfel S Lanigan J Lyseight A Twaku (Resigned on 17 November 2024) (Appointed on 30 May 2024) (Resigned on 13 September 2024) Secretary V Kent Charlty number 1115595 Company number 05800086 Reglstered office Sl Paufs Church Sl Slephen's Road London E3 5JL Independent examlner Samir Shah FCA. ATII Ramon Lee Lld Chartered Accounlanls 93 Tabemade Street London EC2A 4BA
ABILITY BOW CONTENTS Page Trustees. reporl Independent examinerf5 report Statement of financial adivilies Balance sheet Notes lo the financial stalements 8-18
ABILITY BOW TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for Ihe year ended 31 March 2024. The financial slalements have been prepared in accordance with the aCntIng policies set out in nole 1 to Ihe financial slalemenls and comply with the charily's [governing documenti, the Charities Act 2011 and "Accounting and Reporting by Charilie5'. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance wilh Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" {effeclive 1 January 2019}. Objectlvès and actlvlties The objecl, for which the charity was established, as slated in the Memorandum and Arliclès of Associalion, is.. a, Tho promolion of health through ths pursuil of he311hy recrealion., b. The provision of a gym and fitness classes Ihal ars open lo everyone, particularly people on It)w incomes, people with disablfilies and Ihoso who would not olhetwise use or have access to a gym. We achieve our objectives by continuing lo support people living with disabilities and delivering accessible and affordable exercise classes In our gym and in a range of community setlings. Achlevements and perfomian¢e Key achievements this year include: Growth in Services: Our services encompassed both In-person and online aclivilies. To address in¢r8asing demand for our support, and provide the most accessible range of services, we concentrated our resources on predominantly in-person adivities. However, we maintained a minimal online exercise and dietary option for those unable to access in-person support. Refined Focus on Complex Needs: This year. we refined our focus to support more individuals wilh complex or serious health conditions for extended periods. By dedicating our resources lo those with higher needs, and therefore Ihe greatest barriers lo exercisè, we reduced our support to Individuals wilh less-complex disabilities or health conditions. This strategic adjuslm8nt allow8d us to betler meet the needs ol those requiring inlensNe and longer-16rm assistance Tailored and Inclussve Support: Our small, experienced team delivered a highly lailored and indusive seniice. aimlng lo meet the unique needs of every member within our diverse gym communily Statutory Gontracts: We successfully maintained our statutory cnntrad lo deliver Ihe specialisl Disability Weight Management service, "E.al Wp.11 & Move,, in partnership wtlh LB Tower Hamlels Public Health. This pilot projecl supports local individuals with disabilities and health conditions in managing Iheii weight. We continued lo deliver the 'Accessible Exercise and Join In. project for HaGkney residents. in our ongoing partnership with NEL NHS Volunteer Contributions". Volunteers have been vital to our operalions, providing support at all levels of the organisation. This year, we collaborated with volunteer gym buddies. a bookkeeper. and a creative writer, all of whom enriched our ServIS and community. Team and Leadership: The dedicalion of our staff and volunteers ensures the gym remains a friendly. welcoming. and inclusive environmerbl for all. We are also very graleful for the ongoing mMItMen1 and 5UPPOrt of our Board ofTrustees.
ABILITY BOW TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statlstics Sep4lce Reach: This year, we supported 305 individuals through in-person exerase sessions and a number of online sessions. These were delivered as one-tfrone exercise appointments and small group aclivilies. both al the Ability Bow gym and in Ihe community. Referrals from local health services increased lo 206 patients over the year compared to 175 in 2023, Appointments and Revenue: We delivered a total of 8,505 appoinlments Ihis year (compared to 4.834 in 2023) and generaled £21,406 from gym fees {£20,983 in 2023). Engagement and Communlcatlon: We continued to publish a weekly news bulletin featuring gym updates, local nev, and articles and reviews written by gym members. This inilialive slrenglhens charily engagement and foslers a sense of belonging among our members. Financial review In this financial year there were some successes In securing new slalulory c£Jnlracls and donations from individuals, and we slarted lo r8grow our Income from gym fees and service delivery, The Statement of Finanaal Adivilies shows a defidl of total nMIng resources compared with expended resources of 5,308 (2023 Surplus £1,597). Expenses decreased £5.828 to £240,956. The 2023 expenditure included £15,987 related lo a change In Ihe amount of provision required for service charges and deaning expens8s which was nol repealed in the curient year. Going Concern Al Ilie time of approving the financial slalemenls, the truslees have a reasonable expectation Ihal the charitable company has adequate resources to continue in operalional existence for the foreseeable future. Thus the trustees continue to adopt lh8 going corKem basis of accounting in preparing the financial statements. Reserves pollcy The Charity has a reserves policy that has a short-teim minimum aim lo maintain sufficienl funds for the company lo operate al ils ourrenl level over a Ihree-monlh period. The medium-lemi aim of the resetves policy is lo maintain sufficient fund5 to enable the expansion of cUrn1 service5 and Ihe long-term aim is lo maintain sufffcicnl funds to exlend the Charity's services. The charily's reserves at the end of Ihe year stood at £40,[2. Of these reserves, £13.675 is represented by reslricled funds, and none are invested in the Charilys fixed assets. At the balance sheel dale the fFee reserves tolalled £26,387. Compared to the average expenditure of the Charity during year. the ftEe reserves held at the balance sheel date fall below the amount stated in our short-term minimum reserves policy. The IrLFslees have assessed the major risks lo which the charilable company is exposed, and are satisfied Ihal syslems are in place lo miligale exposure lo the major risks. Principal funding sources The main funding sources for the charity are tharilable Irust funding. income from slalutory contracts, and fundralsed income from sporting and sponsorship events that supporters underlake on our behalf. Investment powers and policy Under the Memorandum and Article5 of Associalion, the Charity has Ihe power to ir)vest in any way the Truslees wish. The policy of the Truslees is to invest any surplus funds on bank deposit.
ABILITY BOW TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans for future periods Plans for diversifying fundraising Include mainlaining a focus on local authority commissioning and introducing new fundralsing events. Further to a slralegic review our year ahead is focused on the following identified strategic aims= Provide exercise services for people wilh CL*mplex needs, indLrding resume In-person aclivilies AND conlinue lo offer online activities Provide a prevenlalive setvice for people al risk of developing worsening heallh Demonslrale our impact and be more recognised a5 a leader in our field Which will also involve these cross-cutting objectives. Grow our income and develop new areas of fundralslng Increase our reach and the size of our gym Increase our digital skills Grow and develop our team Engage our members Public benefit ststement In shaping our objectives for the year and planning our aclimlies, the trustees have considered Ihe Charity commission's guidance on public benefit. including Ihe guidance 'public benefit.. iunning a charity (PD2). The achievements and aclivilies above demonstrale the public benefil arising through the Charily's actlvilies. Slructure, governance and management Ability Bow is registered as a registered charity and company limited by guarantee not having a share capital. It Is governed by Articles of Association. The company was incorporated on 281h April 2006 and registered as a charity on 261h July 2006. Charity registration nufflber 1115595. company number 05800066. The indusion of volunteers is an essential arid valued aspect of the work, and enhances the servie2 delivery and a range of wider supportrve roles such as administration and events. Recruilment and appolntmsnt of trustees In recruiting and appoinling nsw Iruslees, the Board r£Jnsiders the, mix of skills and experience Tequired. for example experience in Ihs education sector, business skills. legal expertise, financia knowledge, personal involvement in Abilily Bow's work. The Board has been reviewing ils mix of skills and is looking lo recruils lo fill gape. The minimum number of Irustees is iwo.. there is no maximum number. Trustee Induction and training The Board has piepared a Iruslees induction pack lo ensure thal all new tru51ees quickly become familiar with the charity and ils work. and with Ihe responsibilities of Iheir role. The trustees will undertake periodic reviews of Iheir training needs. Organisallon The Board meets at least four limes a year 2nd individual trustees do addilional work between Board meetings by laking interest in particular areas of Ihe Board's work. These include activilies and programmes, heallh and safely, communications and markeling, finance. fundraising. personnel, policies and procedures and premises. The Chief Executive, who is 2ppointed by Ihe Iiuslees. manages Ihe day-lo-day operations of the charity under delegated powers approved by Ihe Iruslees. The Chief Executive has a small leam of permanenl and Sessional staff, and the charity is supported by volunteers. Related parties During the year Ihere were no related paty transactions .
ABILITY BOW TRUSTE£S' REPQRT {¢ONTINUEDI - '. FOR THE YEAR ENOEO 31 MARCH 2024 :_ .. 1¥1ori2.4) Ll ol Ilro fhJihrf lol tpaf y#¥1 - Irp ir*Plifpli pnf/aPtOS ill IP4-o SORI.. . •ixI Ib.Jl Jr• V411 ¢or1li.' Kt .. ThvTik3iWI" ioptsil llLJpr¢¥iwJ by Ifio olTtwf•g5 -SECknrfto
ABILITY BOW INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ABILITY BOW I report lo the truslees on my examinatÉon of the financial statements of Ability Bow (the charity) for the year ended 31 March 2024. Responsibilities and basis of report As the Iruslees of the charity you are responsible for the preparation of the financial stalements in accordance with Ihe requirements of the Charities Act 2011 (the 2011 Act). I reporl in resped of my examination of the charivs financial statements carried oul under seclion 145 of the 2011 Acl. In carrying out my examination I have folbwed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examinerfs ststemeht Your attention is drawn lo the fact Ihal the charity has prepared financial slalements in accordance with Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the AccA)unling and Reporling by Charities-. Slalemenl of Recommended Practice issued on 1 April 2(Ki5 which is referred lo in Ihe exianl regulations bul has now been wilhdrawn. I Understand thal this has been done in order for financial slalemenls to promde a Irue and fair view in acLordance wllh Generally Accepted Accounting Practice effective for reporting periods beginning on or afler 1 January 2015. I have completed my examination. I confirm thal no mallers have come lo my allenlion in connection with the examination giving me cause to believe that in any material respec[= accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act- or the financial statements do not accord with those records-, or the financial slalements do nol comply vth the applicable requiremenls conmIng the form and conlent of accounts sel out in Ihe Charities {Accounls and Reports) Regulations 2008 other than any requiremenl that the accounts give a true and fair view which is nol a maller considered as part of an independent examinalion. I have no concerns and have come across no other matters in connedion with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Samir Shah FCA, ATII Ramon Lee Ltd Chariered Accounlanls 93 Tabernacle Street London EC2A 4BA Daled: 20 December 2024
ABILITY BOW STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Total 2024 2023 Noies Income from: Donations and legacies Charitable aclivilies Olher trading activities 41,860 130,578 40,048 23,162 65,022 130,578 40,048 79,134 102,098 67.149 Tolal Income 212.486 23,162 235,648 248,381 enditure on: Raising funds 17,161 17,161 15,987 Charitable activities 211.722 12,073 223,795 230,797 Total expendilure 228,883 12.073 240,956 246,784 Net lexpenditurelllncome for the yearl Not movement in funds (16,397) 11,089 (5,308) 1,597 Fund balances at 1 April 2023 42,784 45,370 43,773 Fund balances at 31 March 2024 26.387 13,675 40,062 45,370 The slatement of financial activities indudes all gains and losses recognised in Ihe year. All income and expendilure derive from conlinuing aciivities.
ABILITY BOW BALANCE SHEEf . . ASAT31 MARCH2024=: 2024 2Q3J Curyntw•ts": S3.071 .ty..'i1è-; 8J.351 Cred2toFs". amounts l*Uinst du• ¥AthIn "-- n• yqat
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ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policlès 1.1 Accountlng convention The financial slalements have been prepared in accordancE with the chaiity's Igoverning documenll, the Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland" {"FRS 102.) and Ihe Charities SORP "Accounting and Reporting by Charities: Statement of Recommendéd Praciice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102)" (effective l January 2019). The charily Is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only lo Ihe exlenl required to provide a true and fair view. This departure has involved following the Slalemenl of Recommended Practice for tharilies apptying FRS 102 rather than the version of the Statemenl of Recommended Practice which is referred lo in the Regulations but which has since been withdrawn. The financial slalements are prepared in sterling, which is Ihe functional currency of the charity. Monelary amounts in these financial slatemenls are rounded lo Ihe nearest £. The financial slalements have been prepared under the hislorical cost convenlion, Imodified to include the revalualion of freehold properties and lo include investment properties and c8rtain financial instruments al fair valuel. The principal accounting policies adopted are sel oul below, 1.2 Going concern Al the time of approving the financial slalemenls, the Iruslees have a reasonabla expectation that the charity has adequate resources to continue in operalional exislence for the foreseeable future. Thus Ihe Iruslees continue lo adopt the going concern basis of accounting in weparing the financial stalemenls. The Income of the tharily rose during the year. and the charily took sleps to reduce expenditure, whlch has resulted In Ihe free reserves at Ihe balance sheet dale totalling £26.387. 1.3 Charitable funds Unreslricled funds are available for use at the discretion of the trustees in furtherance of Iheir charitable objectives. Reslricled fund5 are 5ubjecl lo specific condilions by donors as to how they may be used. The purposes and uses of the reslricled funds arc sel out in the notes to the finanual statements. 1.4 Income Income is recognised when the charily is legally entilled lo il aftei any performance conditions have been met, the amounts can be measured reliably, and it is probable Ihat income will be received. Cash donations are recognised on receipt. Other donations are recognised once Ihe charity has been nolified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations Teceived under Gift Aid or deeds of covenant is iecognised al Ihe time of the donation. Legacies are recognised on reIpl or otheiSe if Ihe charity has been notified of an impending dislribulion, the amounl is known, and receipt is expecled. If the amounl is not known. the legacy is treated as a conlingenl assel.
ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Conlinued) Donated professional services and donated facrfilies are recognised as Income when the charity has control over the Ilem, any conditions associated with thè donaled ilem have been met, Ihe receipt of economic benefit from the use by the charity of the Item is probable and that economic benefit can be measured reliably. In accordance with the charities SORP {FRs 102). the general volunteer time of the charity is not recognised in the main body of the financial accounts bul detail is contained in the Trustees report. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift lo the charily which is the amounl Ihe charity would have been willing lo pay to obtain services or facilities of equivalent economic benefit on the open market.. a coiresponding amounl is then recognised in expenditure in Ihe period of receipt. No such services were received during the year. Income from oharllable activities received by way of revenue grants and donations are credilcd lo restricted incoming resources on Ihe earlier dale of when they are received or when they are receivable, unless Ihey relate lo a specified future period, in which case they are deferred, Grants and donalions of general nature which are nol conditional on delivering certain levels of service are included as part of Granls and Donalions as shown under note 2. Perfomiance relaled grants and donalions which have conditions for a spe¢ifi¢ outcome are include as Income from Charilable Aclivilies as shown in Note 3. Membership fees are credited to income in the year in which they are received. as In practice Ihls repres8nls a receivable basis. Income from commissioned communily dasses is recoonised when the dasses are delivered. 1.5 Expenditure Expenditure is recognised once there is a legal or conslruclive obligatlon lo Iransfer e¢onoml¢ beneflt lo a third party, il is probable Ihal a transfer of economic benefits will be required in selllemenl, and Ihe amount of the obligation can be measured reliably. Expenditure is classified by aclivity. The cosls of ea¢h activity are made up of Ihe lotal of direct costs and shared costs. including support costs involved in undertaking each aclivily. Oirecl cosls allribulable lo a single activity are allocated direclly lo that activity. Shared costs which conlribute to more Ilian one activity and support cosls which are not altiibulable lo a single activity are apportioned between those activllies on a basis consislenl wilh the use of resources. Cenlral staff costs are allocated on Ihe basis of time spent, and depreciation charges a allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tar)gible fixed assets are inilially measured at cost and subsequently measured al cosl or valuation, nel of depreciation and any impaimenl losses. Depreciation is recognised so as to wrile off the cost or valuation of assets less Iheir residual valLFes over their useful lives on the following bases.. Leasehold improvements Fixtures. fillings & equipmenl over 6 years 20OK slraighl line The gain or loss arising on the di5P05al of an assel is determined as the difference belween the sale proceeds and the carrying value of the asset. and is iecognised in the slaternent of financial aclivilies. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposils held al call with banks, other short-lerm liquid investments with original malurilies of Ihree months or less. and bank oveidrafls. Bank overdrafts are shown within borrowings in current liabilities.
ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles (Continued) 1.8 Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Inslruments, and Section 12 'Olher Financial InstTument5 Issues, of FRS 102 lo all of its financial inslrumenls. Financial inslrumenls are recognised in the Charit$ balance sheet when Ihe charily bacomes party to the conlraclual provisions of the instrumenl. Financial assels and liabilities are offsel, with Ihe net amounts presenled in the financial stalements, when there is 8 legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and sellle the liabilily simultaneously. Baslc flnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including Iransaclion costs and are subsequently carried al amorlised cost using Ihe effective interest method unless the arrangement conslilutes a finanung Iransaclion, where Ihe transaction Is measur8d al the present value of the future receipls discounted at a markel rale of inlerest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at Iransaclion price unless the arrangement conslilules a financing transaction, where Ihe debt inslrumenl is measured al Ihe presenl value of Ihe future paymenls discounted at a markel rale of inlerest. Financial liabilities classified a5 payable within one year are not amortised. Debt instruments are subsequently carried at amotlised cost, using Ihe effective interest Tale method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presenled as non-currenl liabililies. Trade creditors are recognised inilially al transaction price and subsequentty measured al amortised cost using the effective inlerest melhod. 1.9 Employee benefits The cosl of any unused holiday enlillement is recognised in Ihe period In which the employee's services are received. Termination benefils are recognised immedialely as an expense when the charity is demonslrably commilled to terminate Ihe employment of an employee or to provide termination benefits. 1.10 Retirement benefits Payments lo defined contribution retirement benefit sthemes ars charged as an expense as Ihey fall due. Critlcal accounting estimates and Judgements In the application of the charity's accounting policies, the Irustees are required lo make judgements. estimates 2nd assumptions about the calrying amount of assels and liabililies Ihal are nol readily apparent from olher sOUrs. The eslimales and associaled assumptions are based on historical experien and olher factors that are considered to be ielevant. Actual results may differ from these estimates. The eslimales and underlying assumplion5 are reviewed on an ongoing basi5. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects only Ihal period, or in Ihe period of the revision and future periods where the revision affects both currenl and fulure periods. 10-
ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacies Unrestricted Restricted funds funds Total Unreslricled funds Restricted funds Total 2024 2024 2024 2023 2023 2023 Donalions and gifts 41,860 23.162 65,022 38,011 41.123 79,134 41,860 23,162 65,022 38.011 41,123 79,134 Donatlon6 and gifts Cily of London Action for Bow Individual donation Individuals and Trusts under E5,000 and Gift Aid The Peter Slebbing J Murray London Catalyst The Trustees of Bruce Wake Truslees of the David Solomans Main grants Other Donation 34,g53 6.170 34,953 6,170 20,000 1,162 1,162 20,000 20.O¢JO 20.OCKJ 4,763 4,763 5,000 5,(M)O 4,CKiO 18,011 18,011 5,OCw) 5,000 4,000 2,000 2,1XJO 1.000 10.000 1,000 10,000 12,097 12,097 41,860 23.162 65,022 38,011 41,123 79,134 Charitable actlvlties Charitable Income Total 2024 Total 2023 Gym fees Services provided undef contract Performance related granls 21,408 546 108,626 21,406 546 108,626 20,983 81.115 130,578 130,578 102,098 Performance related grdnts City & Hackney NHS LB Tower Hamlets CCG 39.026 69.600 39.026 69,600 39,026 65,489 108.626 108,626 81,115 11
ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other trading activities Unrestricted funds Total Total 2024 2024 2023 Fundraising evenls 40,048 40,048 67,149 Olh8r trading activities 40,048 40,048 67,149 For the yearended 31 March 2023 67,149 67,149 Raislng funds Unrestricted funds Total Tol21 2024 2024 2023 Fundraisin and ubliol other fundraising costs 17,161 17,161 15,987 17.161 17,161 15,987 12-
ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activllles Fitness, health and wellbeing 2024 Tolal 2024 Total 2023 Staff costs Freelance staff cosls Training Consumables Prinling-class leaflets Insurance, licences and rentals 148.672 12,236 165 202 519 3,217 148,672 12,236 165 202 519 3,217 144,201 15,465 220 1,330 204 3,116 165,011 165.011 164,536 Share of support costs (see note 8) sha of governance cosls (see note 8) 56,646 2,138 56,646 2,138 64.268 1,993 223,795 223.795 230,797 Anatysls by fund Unrestricted funds Reslricled funds 211.722 12.073 211,722 12,073 178,399 52,398 Support Costs Support Govemance costs costs 2024 2023 Staff costs Premises Communications cost Professional expenses Other expenses 13.683 35,810 3.062 2,856 1,235 13.683 35,810 3,062 2,856 1,235 13,271 37,217 2,102 8,926 2,752 Audit fees Meeling costs 2,138 2.138 1,980 13 56,646 2,138 58.784 66,261 Analysed between Charitable activities 56,646 2.138 58,784 66,261 56.646 2.138 58,784 66.261 13-
ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from th8 charily during the year. 10 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Direcl staff Adminislralion staff Total Employment costs 2024 2023 Wages and salaries Social security costs other pension costs 150.482 8.593 3,080 145,735 8,699 3,038 162,355 157,472 No Trustee received any remuneration during the year (2023 £nil). No Trustees reGeived relmbursed expenses during the year (2023- £nil). The key management personnel of the charily comprise of the Executive Officer. The tolal employee benefits (including employer's pension conltibution) of the key managemenl personnel of the charily were £67,930 (2023 - £62.286). There were no employees whose annual remuneration was more than £60.000. 11 Taxatlon The charity is exempl from tax on income and gains felling within section 505 of Ihe Taxes AGI 1988 or section 252 of the Taxation of Chargeable Gains Acl 1992 lo the exlenl that these are applied lo ils charitable objects, 12 Debtors 2024 2023 Amounts falling due within one year. Other debtors Prepaymenls and accrued income 22.889 21.102 6.178 22,889 27.280 14-
ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Creditors: amounts falllng due within one year 2024 2023 Notes other taxalion and social securily Government grants Trade creditors ArualS 3.198 3,468 23,400 432 7,681 14 6,388 9,586 34,981 14 Govamment grants Deferred income is included in the financial slalemenls as follows- 2024 2023 Deferred income is included within.. Current liabilities 23,400 Movements in the year- Deferred income at 1 April 2023 Released from previous periods ResourcEs deferred in the year 23,400 (23,400) 23,400 Defeed income a131 March 2024 23,400 During the year the charitable company recognised £0 (2023.. £81.115) from specific govemmenl grants. There were no outstanding ¢ommilmenls relaling lo recognised income which remained unfulfilled al the balance sheel date. All deferred income oulslanding al 31st March 2024 was recognised within the following year, and all the 2025 deferred income is for serViS lo take place in Ihe 2025126 financial year. 15 Retirement benefit schemes Defined contribution schemes The charitable company operales a defined conlribulion pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an Independenlly administered fund. The scheme is an auto enrolment stheme 2nd provided by NEST pensions. The charge to income and expenditure In resped of defined contribution schemes was £3,080 {2023 £3,038). 15-
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ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 Total Unreslricled funds 2023 Reslricled funds 2023 Total 2024 2023 Fund balances al 31 March 2024 are represented by.. Currenl asselsl{liabilities) 26.387 13.675 40.062 42,784 2,586 45,370 26.387 13.675 40.062 42.784 2.586 45.370 18 Operating lease commitments The charity occupies the gym under a 21 year lease CL)mm8ncing on 1112r2004. The lease can be terminated al 6 months noli¢e. The commilmenl for6 months al the prevailing rent is £8,500. 19 Related party transactlons There were no disdosable relaled parfy Iransadions during the year (2023 - none). 20 Llability of members The charity is constituted as a company limiled by guarantee and does not have a share capital divided by shares. In Ihe evenl that the charity is dissolved Ihe liability of members is Ilmiled to £10 per member. 18-