ABILITY BOW East London's Friendly Disability Gym Abllhty e*JW Ls a charlly spec1￿1$1 *xerd* 5￿p￿)rtI pooplt tlvlDg w￿h dtsabllitie¥ or c¢)mplex he•llh condttl0￿. ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 Ability Bow Annual Report 2025 CONTENTS EAST LONDON'S FRIENDLY DISABILITY GYM....... . WHATWE DO....,............................................................................................................ ACHIEVEMENTS................................................................................_. ................... MESSAGE FROMTHE CEO........-.......... ... ........................................._........... WHY PEOPLE SHOULD DONATE TOABILITY BOW...,,,.......................-............................... OUR GYM..............................................................-..-....................-........................ . ,10 OUR FEES................................................................................................................. .10 MEET THE TEAM... -11 REFERRALS......................................................................................... .13 GETTING IN TOUCH..... .13 ADMINISTRATIVEINFORMATION... .14 TRUSTEES, REPORTFOR THEYEAR ENDED 31MARCH 2025........... ...... .. .............. ........ .15 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OFABILITY BOW,,.,,,,..,...........,.....18 STATEMENT OF FINANCIALACTIVITY........................................................................ .. .19 BALANCE SHEET.... .20 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312025..................21 Ability Bow Annual Report 2025 EAST LONDON'S FRIENDLY DISABILITY GYM "Ability Bow Iransfonngd my daity lif8. 1 went fiom struggling lo walk a few steps wilh oxygen lo b8iiig 8ble to cycle in the park, wl?ich once f811 inppossible. "Il feels like family here. The support. kMdn8ss and shared slreiiglh nwke itlhe fI￿t￿lace in yeais where I've Iruly felt J belong." 'Abilily Bow delivers hope in sp8des.' 'IV8 11ever fotiiid a place that meels iny needs. 2nywher8. Oih8r gyms say they re accessible, bul you go in aiidthere s no one Ihere lo help you. Abilily 8ow welcomos you wilh experlise and underslandiii9." 'Ability 8ow isn't just 8 gym. Ils a lifeline thal gave ine hope, str811glh and 8 G￿￿MilnIty I didn't realise I'd been missing.. 'Coining to Ability Bow l)elps slay slrong eiii)ugh to live ii)dependenlty. I can move safely, dress n7yself 8nd keep doing Ihe everyday Iliings Ihal m8ltern￿$1.' .1 never knew a place like th￿ exisled. Il's welcoming. supportive and genuinely accèssiblé, sti)d it's changed my lrfo.. 'A friendly and safe gyn) niii by a chgrity for iisers wilh phys￿al and hiddeii impainnenls. As a user, I would iirge people to check Ilie websile and dig deep io help keep Ihis unwu8 gyin opel?.. Ability Bow Annual Report 2025 WHAT WE DO Gym Activities We provide a range ol activit*5 lorpeoFle with differ¢nt nWs or d1sabill￿*$. Ability Bow is a charity providing specialist exercise sUPPOrt for people living wilh dis8bililies or complex health conditions. 11 provides face to face aclivilies for people with dilferenl physical and menlal needs including neurodiversity. We wovide Ihese services as well.. Eat Well & Move This specialist disability wwght managemenl service is a free 12-week intensive exercise and dietary programme oTfered in partnership wilh London Borough of Tower Hamlels. Group Clas8e8 Our various Group Cl8sses lake place weekly, Pfoviding exercise and fitness sessions for those who have mental heallh problems. healih conditions. or disabilits'es. Ability Bow Annual Report 2025 2025-2026 Key Achievements 8,506 SpEdaUst &erclse SeS5iOI￿ Provlded 305 Gym Members Supported "It's not just a gym; It's a communlty." - Gym Member Thls Pihe•w Th￿#¢￿f￿1r Byrn 6￿F*eS ".JDlttCiitobl*iths'.::.:: blllty Voiy £5 a rolltclivo ol d￿lL￿t￿£*alI. voluMioer<. at)d ￿liSte¢S.$&I￿P0￿i¢a bya CQTnm4lniiY ol donor&*lndctrthers who bttsevelD wh&it tyed Ability Bow Annual Report 2025 Passionate About People Ovr 5pecièllst service Is dedicated to supporti￿ people wilh dISat￿￿tIeS IDng-lerEn wiou5 luDe￿e& MESSAGE FROM THE CEO Message from the CEO Al Ability B¢JW, every day brings its own thallenges - and with them. opporlunilies lo Iransfom lives. What inspires me most is watchin9 people discover strength. C£•nfidence, and independeiice they never believed possible. For many of our members. living with a disabilily, long-term health condition, or neurological condition l)as meant years of exdusion from mainslream fitness. Traditional gyms simply aren't built with them in mind. That's thy Ability Bow exists.. lo remove barriers, offer a safe and welcoming space. and show that exerase can be life-changing for every¢)ne. Our work goes far beyond physical health. It's about restoring dignity, building resilience, and creating community. When someone who has survive(l a stroke walk unaided for Ihe first lime. or when a parent Iiviiig with multiple sclerosis feels stfong enough lo play ￿th their children again, the impa¢1 reaches far beyond the gym floor. These are moments of Iransfomialion that ripple oulward - touching families, carers, and our wider communrty. We deliberately keep our membership lees Icw because a￿essIbl111Y is al the heart of our mission. This means we rely on the generosity of funders, partners, and dorKsrs to sustain our setvices. Every pound Invested in Ability 8ow delivers measurable outcomes.. improved heallh, [edu￿d isolation, and greater independence. Our trustees and volunteers ensure we stsy accountable. Iraiisparenl, and focused on delivering maximum impacl wlh every resource enlrusled to us. l am incfedibly proud of our dedicated team. whose expertise and compassion make this work possible. And l am equally proud of our members. who show exiraordinary courage and delerinination every single day. Together, we are proving that inclusive fitness is not a luxury- it is a necessity. As CEO, my vision is clear. to expand our reach. slrengthen our sustainability. and ensure Ability Bow continues to be a beacon of hope. health. and empowemienl in East London and beyond. The challenges are real, bul so is the polenlial. And every lime I ￿tnesS a member achieve something they On￿ thought impossible. I'm reminded exactly why this work matters so dee￿Y.° Victoria Ability Bow Annual Report 2025 WHY PEOPLE SHOULD DONATE TO ABILITY BOW We Transform Lives Donations directly fund lailoied exercise programs for people Mrith disabilit￿s. long-lerm illnesses. and neurological conditions. Members regain mobility, confidence. and independence outcomes thal ripple into families and communities. Ac¢esslblllty Flrst Meinbership fees are deliberately kept low. coverir¥J only 15•A of funding needs. Donations ensure that cost is never a barrier for those most in need. Communlty & Incluslon Beyond fitness, Akn'lity Bow reduces isolaiion and builds sccial bonds. Donalior)s sustain th[8 inclusive environment where health and CA)mmunity meet. Ifyou want to help in a way that make5 a real difference to our gym members lives, then please consider donatin9. Donate: https:Ilabilitybow.enthuse.comlprofile Ability Bow Annual Report 2025 Fundraising Events Support lake part kn an eveni. li¥ an knport￿t parl of o fuJKlralslt)g. raI￿ng n8ed¢d wppm our work. XA 69J, There are also a few other ways Ihat you can really make a difference. Fundraise for us by taking t)n Iconic events including the London Maralhon and the Big H85f. Leave A GiftlLegacy in Your Wll and know your donations can help make a lasting difference. Donate your lime by volunleering your skills lo us. There al'e Inany ways you can make a dIfferen￿- from joining our cheer-point at a fundraising event to helping with adinin or creative writing Follow us on Facebook and Twitter and share what we do with others you know. Facebook @abilitybow x @abllltybow Insta9ram @abllltybow Llnkedln @abilitybow Have your own idea instead? Tell us about it. Ability Bow Annual Report 2025 tpr() S18028 Sponsorships from events direclly sUPPOrt rAJI work .Take on an event and make a diffeience htl s_'Ilwww.abilil bow.or l et-involvedl 10 Ability Bow Annual Report 2025 OUR GYM Most gyms are unable to accept people Ihal come to AEM"lity Bow. bul our gym equipment is fully aC￿SSible. and e8Sy to use. whatever your physical ability. We have accessible changing rooms ￿th shower cubicles. and also a larger changing r£NJm Suitable for people who use wheelchairs or who need as5isiance. OUR FEES Our fees vary depending on Ihe group or programme. One-lo-one sessions and Group Classes range from £5.50 10 £8 on our chariiable PTicing structure. Our lees are kept deliberately low as then we can reach oul to as many people as possible. Disabled people generally do not have high incomes. The unemployment rate for disabled people in the UK is approximately 6.9°/o, nearly double the 3.6¥0 rale for non-disabled individuals. This uiEinployment rale is even higher in East London. 11 Ability Bow Annual Report 2025 Meetthe Team We arè dedltaied professvjnals Who reallycare a￿ul kn￿p￿g oui members to achleve re5t*ls. Our In51nictors are qualified lip lo Int5uslry level IV. xjeslgfi exercb8 pfDgvJnmes for pewe wilh rlilferenl 3bltitie5. MEET THF, TEAM We are dedicated professionals who realty care about helping our members to achieve results. Our instructors can design exercise programmes for people wlh different abilities. VIcto￿a I love havliig new chaNenges every day, and seeingpeople (*scx)verllieir polential. That's what makes Ihe work so rewarding. The woth w8 do m8kes such 8 posilive impact on people s lives.. Tony "Its twly inspiralional be é part of Abilily Bow. working ii? such 8 SUPPOrtive and friendly almosphere where the negds ofmemb8rs come first and lives are changed Ihrough exercise. Patrlck 'It's very satisfying working wilh people who pill so niuch effort inlo 11)eii' exercise, I like seeing oui. gyni members &ch￿ve theirgoals and I feel good d￿ng il.. Mette .1 feel fortunate to be part of U)e Abilily 8ow188m and our frienclty, incliisiv8 coinmunily. l am conslantly learning from working with our members. 11 is l)umblii?g aiid inspiiiiig to see people w(xk hard al Iheir exercise lo posilively i¢nprove Iheir lives. Francesca '1 truly enjoy working here. We have sucli dw8rsity among ourineinb8rs. I like lo see Ihe differenGe Ihal exercise can n?ake to 8 pe￿on s life. I'n? Iliankful for niy colle8gues who are all fri8ndly. appmachable people. ciealiijg 8 posilive ai?d relaxed atn?ospl?ere lo work." Jiml -1 leel lucky lo work in such a welcoming ei?vironmenl with SQ￿h supportive slaff and friei?dly clieiils. It's n)oving lo hear clients talk about the big diffe￿i)ce exercise lias inade to their qualily ol life. 12 Ability Bow Annual Report 2025 13 Ability Bow Annual Report 2025 Specialist Exercise Referral We w￿k ￿th any dsabllltytx bealth condltion. REFERRALS Most surgerie3 and clinics in Towel Haimlets and Hackney refer their patients lo us on a regular basis because they understand the value of exercise for peoFle with disabilities and long-term heallh conditions and tliey Irusl A￿'lItY Bow lo support their patients safely and effectively. We evaluate Ihe benelil of Ihe service on each person using a simple, subjective questionnaire based on the Goal Att8inmenl Scale with results recorded at the start of Ihe programme and after 10 sessions. GETTINCY IN TOUCH We would love you to get in touch receptlon@abllltybow.org 102089807778 Or come to visit us in Old Ford, East London, sltualed within St. Paul's Churth on Sl. Sleplien's Road. 14 Ability Bow AnnLJal Report 2025 ADMINISTRATIVE INFORMATION Trustees Sharron Currie- Chair Amanda Chaboryk Stuart Davies Nicola Helfel Siobhan Lanigan Jerome Lyseighl Laura Sheehan {Appoinled on 30 May 20241 John Shelly (Appointed on 09 October 20251 Aphiwe Analhi Twaku Charlty number 1115595 Company number 0580(J086 Reglstered offlce Sl Paul's Church Sl Stephen's Road London E35JL Independent examlner Samir Shah FCA. ATII Ramon Lee Ltd Chartered Accounlanls 93 Tabern8de Street London EC2A 48A 15 Ability Bow Annual Report 2025 TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 We present our annual ieporl and financial statements for Ihe year ended 31 March 2025. The Financ4al slalements have been prepared in accordance wlh the accounting policies set out in note 1 to the financial slalements and comply the tharilable company's Igoverning docuinentl, the Charities Act 2011 and "Accounlirsg and Reporting by Charilies.. Statement of Recommended Praclice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" leffeclive 1 January 2019). Objectives and a¢tlvStles Our aim is sel out in the Memurandvm and Articles of Association is.. The proinolion ￿ health through the pursuil of healthy recreation, and The provision of a gym that is open to everyone, particularty people on low incomes, people with disabililies and those who would not othetWi8e use or have a￿sS to a gym. We continue lo Support people living with disabilities aThJ delivering accessible and affordable exercise classes. Financial review The Slateinent of Financial Activities shows a deficil of tol21 incoming resources compared wlh expended resources of £67 {2024 - £5,308), Expenses increased £240,956 10 £263.871. Reserves pollcy The Charity has a reseNes poliw Ihal has a short-term minimum aim to keep sufficient funds lor the company to operate at ils current level over a three-month period. The n)edium-lerm aim ol the reserves pollcy is lo keep suffiaent funds lo enable the expansion of cuffenl services. The charily's reserves al the end of the year stocxy al £40.21 {2024 - £40,062). Of these reserves. £15,000 {2024 - £13,675) is represented by restri¢led funds. and none are invested in the Charity's fixed assets. Al the balance sheet dale, (he free reserves lotalled £12,144 (2024- £26.3871. Compared to the average expenditure of Ihe Charily during year. the free reseTves held at Ihe balance Sheet dale fall below the amount staled in our short-term minimum reserves policy. The trustees have Bssessed the major risks lo which the charily is exposed and are satisfied Ihal syslems are in place lo miligale exposure to Ihe major risks. Principal funding sources Our main funding sources for the Charity are charitable trust funding. income from statutory conlracls, and fundraising income from sportin9 and sponsorship events. Investment powers and policy Under the Memoiandum and Articles of Associalion: the Charity has the power to invest in any way the Trustees ￿lSh, bul the policy of the Trustees is to invest any surplus (unds on bank deposit 16 Ability Bow Annual Report 2025 Plans for future periods Our plans lor diversifying fundraising inctude maintsinin9 a focus on local authority commissioning and introducing new fundraising events. Our year ahead is focused on the following identified strategic aims.. Provide exercise services for people with complex needs, induding resume In-person activities and continue to offer online activities. Provide a prevenlalive service far people at risk of devebiing worsening health. Demonstrate impact and be more recognised as a leader in our field. Publlc benefit statement We have considered the Charily commissk)n's guidar)ce on public benefit, induding the gUidan￿,pUb1iC b2nefit.- running 8 charily {PD21- Our achievements and aclivilies above demonslrate Ihe public benefit. Structure, governance and management Abilily Bow is a registered charity and company limited by guarantee not having a share capital. 11 is governed by Articles of Association. The company was incorporated on 28th April 2006 and was regislered as a charity on 261h July 2006. In recruiting and appointing new Iruslees, the Board considers the, mix of skills and experience needed, and a personal Involvement in Ability Bovls w(Kk. The minimum number of Iruslees is Iwo,. there is no maximum number. The Board has prepared an induction pack lo ensure Ihal 811 new trustees becoine familiar with the charity and Ihe iesponsibililies of their role. The trustees undertake periodic reviews of their training needs. Our Board meets al least four ts'me5 a year. The Chief Executive manages the day-tO4Jay operations of the charity under delegated p¢)wers approved by the trustees. Related partles During the year there were no relaled party Iransadions, and no trustees received any remuneration. Golng concern Al the tiine ol approving the financial slalements. the trustees have a reasonable expectation that the ch8rily has adequate resources to continue in existence lor the foreseeable lulure. Thus, the Iruslees continue to adopt the going con¢ern basis of aC￿untIng in preparing the financial slalemenls. Statement of Trustees, responsibilities The Iruslees are responsible for preparing the Truslees. Report and the financial statements in accordance with applicable law and United Kingdoin Accounling Slandards (Uniled Kingdom Generally Accepted Accounting Practice). The law applicable to Gharilies in England and Wales requires the trustees lo prepare financAal stslemenls for each financial year which gwe a true and fair view of the slale ol affairs of the charitable company and of Ihe incoming resources and application of resources of the charitable company lor that year. 17 Ability Bow Annual Report 2025 In preparing these financial slal8m8nls, the Irusle8s are required tD= select suilable accounting policies and then appty them consistenlty. obsètve the metknds and princ¥)Its in Ihe Chaiilies SORP. mak& judgements and eslimales that are reasonable and prudersl. stale wljelher applicable ac¢ounling siandafds have been followed, subject lo any n)alBrial departures disclosed and explained sn the financial slalemÈnls', and prepare the fina￿la1 slalemenls on the going concoln IYdSiS unless it is inappropriate to presume that the charily will contsnue in operation. The truslèas are responsibte for kes￿ng suffi¢i8nl a(xounling records Ihal dlsclDse wSlh rfjasonable Jccur8¢y al any lime the financial posllion of tha charitabl8 company and 6nablo thtrm lo ensure that the linanclal statements ￿mplY wlih Ihe Charllles Acl 2011, Ihe Charlly IAGcounls dnd Reports) Regulation$ 2008 aThl the provislons of the Irusl deod. They are also responsiNe for saleguardlng Ihp. assets of the Charlly and for laklng r6ason8ble sleps for the pievenllon 8nd detèction of Iraud. The Trustees, report w85 approved by the Board. Sharon Currlo Truste• Dale.. IA. Ja ,102S 18 Ability Bow Annual Report 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFABILITY BOW I report to the Iruslees on my examination of the financial statements of Ability Bow {the charilable company) for the year ended 31 Mard) 2025. This report is made solely lo the charitable company's members, as a body. In acLordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might slate to the company's members those matters we are required lo state lo them in an independent examiner's report and for no other purpose. To the fullesl extent permitted by law, we do nol acLepl or assume responsibility lo anyone other than the company and the company's members as a body. for our work, for this report, or for the opnions we have formed. Responslbilities and basls of report As the trustees of the charilable company land also 115 direclors for the purposes of company law) you are responsible lor Ihe preparation of Ihe financial slalements in accordance wilh tha reqUIre￿nIS of the Companies Acl 2006 (the 2006 Act). Having satisfied myself that the financial slalements of the charitable company are not required to be audited under Part 16 of the 2(XE Act and are eligible for independent examination, I report in respect of my examinalion ol the d)arilable company's financial ststemenls camed out under section 145 of the Charities Act 2011 (tha 2011 Acll. In carrying oul my examination I have followed all the applicable Directions given by the Charity CommissK)n under section 145{5){b) of the 2011 ACL Independent examlnèr'8 Statemenl Since the charilable company's gros8 income exceeded £250,(YJo your examiner must be 8 member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW. which is one of the listed bodies. Your allenlion is drawn to the fact that the charily has tKepared financial st8lemenls in ar£ordance with Ac¢oLJnling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applic8Ne in the UK and Republic of Ireland {FRS 102) in Preferen￿ to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 ApTiI 2005 which is referred lo in the extanl regulatsons bul has now been v￿thdrawft. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepied Accounting Practice efteciive for reporting periods beginning on or after l January 2015. 19 Ability Bow Annual Report 2025 I have completed my examination. I confirm thal no matters have ujme lo my altention in oonneclion with the examination giwng me cause lo bdieve Ihat in any malerial respect.. accotjnling records were not kept in respert of the chafltable company as required by section 130 of the 2011 Act: c the financial slalements do not accord with Ihose reuwds.. or the financial slalemenls do not comply wtlh the applicable requirements concerning the form and content of accounts set out in the Chattlies (Accounts and Reports} Regulations 2008 other than any requirementthat the accounts give a true and fair view which is not a maller considered as part of an independent examination- or Ihe financial statements have nol been prepared in accordance wlh the methods and principles of the Ststement of Recommended Practi￿ lor accounting and reporting by charilies applicable to charities preparing their accounts in accordance wth the Financi81 Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in conneciion with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the linancial statemenls lo be reached. Samir Shah FC4 ATII Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA Dale.. £￿1£￿ Lols 20 ABILITY BOW STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDEL) 31 MARCH 2025 Unrestricted Restricted funds funds Total 2025 Total 2024 Notes Income from: Donations and legact95 Charitable activities Other Iratjing aclivilies 36.313 25.034 55.694 42,871 104,026 79,184 129,060 55,694 65,022 130.578 40.048 Total Incom& 117,041 146,897 263.938 235,648 Ex enditure on.. Raising fiJnds 24.889 24,889 17,161 Charitable aclivilies 93,410 145,572 238.982 223,795 Total expenditure 118.299 145.572 263,871 240.956 Net lexpenditurellincom¢ for the yearl Net mov•rnant in funds (1.258) 1.325 67 15.3081 Fund balances at 1 April 2024 26,387 13,675 40.062 45,370 Fund balances at 31 March 2025 25.129 15,000 40,129 40,062 The slalemenl ol finanaal aclivilies indudes all gains and losses recognised in the year. All income and expenditure derwe from continuing activities. The stalemenl of finanaal 8divilies also eompEies with the requirements for 8n income and expenditure account under Ihe Companies Act 2006. 21 ABILITY BOW BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Flxed ag$ets TanoSble ass8ls 12 12.985 Ctsrront asstrts Oebiors Cash ai bank and in hond 13 25.792 12.951 22,889 28,759 38.743 48,648 Crédllors: amounts lalllng duè wlthln on? y8ar 14 (11.5991 19,586) Nel curienl assets 27,144 40,062 Total ags•ts l•ss current Ilabllltleg 40,129 40,062 Incomo fund Reslricled lunds UiireslriGled fut￿$ 16 15,000 25.129 13,675 26,387 40,129 40,062 The rM)tas on pages 3 to 15 lomi parf of these financlal statemenls. The eomyJny Is enlilled lo the exemption from the audit requlremenl contalned in seclion 477 01 Ihe Companies Acl 20Q5. for the year eryJ¢¢J 31 Marth 2025. dTrreclors acknowtedge Ihew responslbilitles lor C￿lplyIng willi the wuirernenls of the CompanSes Act 2008 wilh respecl to occounting records and Ihe p￿paratIon of financl81 stalemonls. The mefflbers have nol requiied the GompBny lo obtain an audit of ils firsarbGial ststements for the year In quesllon It) a¢cardan(A with seclion 476. ThBse finanGlal 51atL3menls liave been prepatEd in accordance with the provislon5 applicable to CO￿PanieS subje¢l lo the small eDmpani&s reginie. Tli& linanclal stalernenls werÈ approved by the Tiustee5 on J.l.- 12 -..JoJ% Curlip. 'rruste tompdriy reglstration nuniber 05800086 22 ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies 1.1 Accounting convention The accouiits have been prepared In accordance with Ihe charitable company's Memorandum and Articles of AssoGialion, the Companie5 Acl 2006 and "Accounting and Reporting by Chaiilies.. Slatemanl of Recommended Praclice applicable to charities prépafing Iheir accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of ITeland IFRS 102)" las amended for accounling periods Gommencing from 1 January 20191- The charitable company is a Public Benefit Enlily as defined by FRS 102. The chaiilable company have taken advanlage ol the prowsions In the SORP for tharilias applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Fl¢)WS, Th8 linancial slalemenls are prepared In sterling. whid) is the lunclional curTenGy of the challlabl8 company, Monetary amounis in these fmancial slalemenis are rounded lo the nearest £. The linancial slalemenis have been prepared under the historical cost convention, The prinapal accoLtnling policles adopted are sel out below. 1.2 Golng Goncern Al the tsme of approving the financi81 slalemenls, the trustees have a ￿&Sonable expeclalion that the charitable company has adequate resources lo conlinue in operational exisience for Ihe foreseeable fulure. Thus the trustees conlinve lo adopt the going concern basis of accounting in preparing the financial slalemenls. The income of Ihe chaiity rose during the year. and the charity l¢)ok sleps lo redu￿ expenditur8, ¥thich has resulied in the free reseNes al Ihe balance sheet dale lolalling £ 12,144 12024- £26,387). 1.3 Chariiablè funds Unreslricled funds are available for use al the discretion of ihe Irustees in furtherance of their charitable objecliv8S. Reslricled funds are subject lo specific Condilions by donors as lo how they may be used. The puiposes and uses of the r8slri¢led funds are sel oul in the noles lo Ihe financ4al stat￿Oni5. 1.4 Income Income is recognised when the charitable company is legally enliued lo il after any performance conditions have been mel. the amounts can be measured reliabty, and il is probable Ihal income will be reeeived. Cash donations are iecognised on receipt. Other donalions are recogriised once Ihe charitable company ha5 been nolilied of the donalion. unless performance ¢ondilion5 require deferral ol the amount. Income lax recoverable in relalion lo donations received under Gifi Aid or deeds ol covenant is recognised al the time of the donation. Legacies are reujgnised on receipt or olherwise if Ihe charilable company has been notified of an impending dislribulion, Ilie amounl is known. and re￿Ipl is expected. If the amount is not known, the legacy is Irealed as a conlingeril asset. 23 ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continu&d) Donated professional servicAs and donated facilities arè recognised as Income when Ihe ctharity has conlrol ove¥ the Item, any conditions assooaled with the donaled item have been mel, the ieceipl of economic benefil from the use by the chafity ol the Ilem is probable and Ihal econornic benafil can be measured Teliably. In accordance with the charities SORP {FRs 1021, the general volunteer lime of Ihe charity 15 nol Tecognised in the main body of the finanaal accounts bul detail is contsined in the Trustees repoil. On receipt. donated professional services and donated facilities are recognised on the basis of Ihe value ol the gill lo the charity which is the amount the challly would have been willing lo pay lo obtain seNicfys or facilities ol equivalent economic benefit on the open mad(el', a corresponding amount 15 Iherb recogriised in expenditure in the perio6 of reeeipl. No sueh seNtis were received during Ihe year. Income Irom charitable aclivilies received by way of revenue grants and donations are c￿￿lled to reslricled Ineoming resources on the earlièr dale of when they are received or when they are ieceivable. unless they relate lo a specified future period, in which case they are deferred, Grants and donations ol general nature which are not condilioftal on delivering eArtain levels of seryice are included as part ol Grants and Donations as shown under note 2. Perfomiance related granis and donations which have conditions for a specific outcome are indude as Income from Charilabk Acb'vilies as shown in Note 3. Membership fees are credited lo income in the year in whth they are re&8ived, as In practlce Ihls represents a receivable basis. Income frorn commissioned community dasses is recognised when the classes are deliv8rèd. 1.5 Expenditur Expenditure is recogni5ed or)ce there is a legal or conslruclive obligalion lo transfer economic benefil lo a Ihird party, il is probable that a Iransfei of economic benefits will be required in selllemenl. and the amount ol the obligation can be measured reliably. Expenditure Is classilied by activity. The costs of each aelivity ale made up ol the lolal of direct cosis and shared costs, including SUPPOfl costs involved in undertaking each acliwly. Direcl costs allribulable lo a single a¢livily are allocaled directly lo that activily. Shared eA)sls which conlribule lo more Ihan one activity and support costs which are nol allribulable lo a single activity are apportioned between those activib.es on a basis consislenl with the use of resources. Central staff c051s are altocaled on Ihe basis ol lim8 spent, and depreciation charges are allocale(J on Ihe portion of Ihe asset's use. 1.6 fangible fixed as5els Tai)gible fixed assels are initially measured al cost and subsequenuy measured al cosl or valuats'on, nel ol depreaalion and any impainnenl lossès. Depreciation is recognised so as to write off Ihe cosl or valuation of assels less their residual values over their useful lives on the lollowing bases- Gyffl & orrice equipment The gain or loss arising on the disposal of an assel is determined as the difference befvveeR the sale proceeds and the carrying valuL> of the asset, and is ￿CogniSed in the sialemenl of finanaal adivities. 24 ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poli¢ie8 (Continued) 1.7 Impairmont of fixed assets Al each reporting end dale, the thaTitsbl6 company reviews the carrying amounts of ils langible assets lo delermine whether there is any indication Ihal Ihose assels have suffered an impaiTment loss. 11 any such indication exists. the recoverable amount of Ihe asset is eslimaled in order lo delermine the extent of the impairment loss (if gny). 1.8 Cash and cash equivalents Cash and Gash eguivalenls include cash in hand. deposits held al call with banks, other short-lerm liquid inveslmenls wilh original malufilies of three months oi less. and bank overdrafts. Bank overdrafts are shown wilhin borr¢)wings in cuirenl liabilities. 1.9 Financial instruments Th8 charitable company has elecied io apply Ihe provisions of Saction 11 'Basic Financial InslTumenls' and Section 12 '01her Finanaal Inslrumenls Issues. of FRS 10210 all of its financial inslTuments. Financial inslrumenis are recognised in the charitable company's balance sheel when Ihe ch¥rilable company becomes party to the o)nlraclual provisions of Ihe instrument. Financial assets and liabilities are offset. with Ihe nel amounls presented in the financlal slalemenls. when Iheie is a legally enforc£able righl lo sel off Ihe recognised amounts and there is an inlenli¢)n lo sellle on a nel basis or lo realise the asset and sellle Ihe liability simultaneously. Basic financial assets 8asic financial assets. which indude deblors and cash and bank balances, are inilially measured al Iransaelion prtce incFuding Iransaclion cosls and are subsequer511y carried al amorlised eosl using the effeclive inleiesl method unless the airangemenl conslilules a financin9 Iransaclion. where Ihe transaction is measured al the presenl value ol Ihe fulure ieceipls discounted al a matkel rale of interest. Financial assets classified as receivable within one year are not amortised. 8aslc flnancial liabilitjOS Bosic financial liabilities. induding uedilors and bank loans are initially recognised al transaction Pri￿ unless the arrangemenl eon51ilules a financing Iran5aGlion. where the dcbl inslrumonl is measured al the presenl value ol the lulure paymenls discounted al a markel rale ol inleresl. Financial liabilities classified as payable wilhin one year are not amortised. Debt inslr¢Jmeiiis are subsequenlly carried al amortised cost. using tho effectwe interest rale melhod. Trade G￿dItorS are obligations lo pay for goods or servic￿S Ihal have bean acquir￿ in the ordinary course of operations frorn suppliers. Amovnls payable are classified as currenl liabilities if paymenl is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised inilially al Ifansaclion price and subsequently measured at amortised cost using the effeC￿ve interest mèthod. 1.10 Employee benefits The cost ol any unused holiday enlillemenl is recognised in the period in whid) Ihe employee's services are received. Temiinalion benefits are recognised immediately as an expense when Ihe charilable company is demonslrably commilied to lerminale Ihe employment of an employee or lo provide lem)inalion benefits. 1.11 Retirement benefits Payments lo defined conlribuiion reliremenl benefil schemes are charged as an expense as they fall due. 25 ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critlcal accounting estimates and judgements In Ihe applieélion ol the charitable company's aecounling policies. the trustees are required lo make judgornenls, eslimales and assumptions about thè G3rrying amount of assèts and liabilities that are not readily apparenl from olher sources. The eslimales and assoaated assumptions are basad on historical experience and other factors that are consid8r8d to b8 relevant. Achjal results may differ Ifcwn these eslimaies. The estimates and un(Jerlying assumptions are reviewed on an ongoing basis. Revisions lo accountsng eslirnales are reGognised in Ihe period in which the eslimale is rèviséd where the revision affects only Ihal period. or in the period of the revision and future periods where ihe revision affects both current and lulure periods. Donations and legacles Unrestricted Restricted funds funds Totsl 2024 Donations and gifts 36.313 42.871 65,022 36,313 42,871 65,022 For tha yaar ended 31 March 2024 41.860 23.162 65,022 Donations and gsfts Clolhworkers- Grant for evac chairs and olher health and safety Action for Bow Individual donation Individuals and Trusls under E5,000 The Peter Siebbing J Murray London Calalysl The Trustees of Bruce Wake Trustees of the David Solomans Main grants Percy Billon - Grant Sport England - Movemènl Fund grant Wakefield Telley Trusl- granl payment Clarion Futures- Clarion grant c{￿Operative - Grant Olhei Donation and Gifl a¥J 14,600 1,162 20.000 4.763 5,000 5.000 4,000 2.000 1.000 10.000 15.100 6,162 3.995 14.860 4.416 5,000 500 14.551 12.097 36.313 42.871 65.022 26 ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitsble activities Charitable Income Total 2025 Total 2024 Gym fee Services provided under wnlraGI Performanco related grants 24.957 24.957 21,406 546 108,626 104,103 104.103 129,060 129,060 130,578 Analysis by fund UnTeslricled funds Restricted lunds 25,034 104,026 25,034 104,026 130,578 129,060 129,060 130,578 Performance related grants City & Hackrsey NHS L8 Tower Hamlets Public He?Ilh Others 39.026 65,000 77 39,026 65,000 77 39,026 69,600 104.103 104,103 108,626 Other trading activities Unrestricled funds Total 2025 Totsl 2024 Fundraising events 55.694 55,694 40,048 55,694 .55.694 40,048 For the year ended 31 March 2024 40,048 40,048 27 ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Raising fund5 Unrestricted funds Total 2025 Total 2024 F draisin and ublicil Olh8r lundraising costs 24,889 24,889 17.161 24.889 24,889 17,161 For the year ended 31 March 2024 17,161 17,161 Charltable actlvitie8 Fltness. health and wellbeing Totsl 2025 Totsl 2024 Slafl cosls Depr?￿ation and impainnenl Freelance staff cosls Training Consumables Prinling-dass leanels Insurance, licenses and rentals 155,728 3.246 6,606 2.146 98 10 3,437 155,728 3.246 6,606 2.146 98 10 3,437 148,672 12,236 165 202 519 3,217 171.271 171,271 165,01) Shale of suppert eosls (see nole 81 Shalè ol governan￿ costs {see note 8) 65.401 2.310 65,401 2,310 56,646 2.138 238,982 238,982 223,795 Analysis by fund Unreslricled Iltnds Reslricled funds 93.410 145.572 93,410 145,572 211,722 12,073 28 ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support Costs Support Gov&rnan¢e costs costs Tot31 2025 Totsl 2024 Slaff costs Premises Communications cost Professional exp8nses Other expenses 13.239 41.928 2,996 5.060 2,178 13.239 41,928 2,996 5,060 2,178 13,683 35.810 3,062 2,856 1,235 Audil fees 2.310 2,310 2,138 65.401 2,310 67,711 58,784 Analyses be￿￿en Charitable activities 65.401 2,310 67,711 58,784 65,401 2,310 67,711 58,784 Trusteeg None of Ihe Iruslees {or any pewns connecled with them) received any remuneration Of benefits fiom the charitable company durin9 the year. 10 Employe&s The average monthly number of employees during the year was: 2025 Number 2024 Numbèr Direct staff Administration staff Total Employment Costs 2025 2024 Wages and salaries Social security cosls other pension costs 156,247 9,483 3,237 150,682 8,593 3,080 168,967 162.355 29 ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees (Continued) No Trustee received any remuneralion during the year 12024 - £nill. No Trustees recèived reimburs8d expenses during the year {2024- £nill. The key manAg6menl personnel of the charily comprise of the Execulive Off￿er. The lolal employee benefits (including employer's pension conlnbutionj ol the key management personnel of the charity were £70,187 {2024 £67,930). There were no employees whose annual remuneration was more Ihan £60,000. 11 Taxation The charily is exempl from lax on income 4nd gains lelling within seclion 505 01 the T8xes Act 1988 or section 252 of the Taxalion of Chargeablè Gains Acl 1992 lo Ihe extent Ihal these are applied lo ils charitable obj@cts. 12 Tangible fixed assgts Gym & Office equlpmenl Cost Additions 16,231 Al 31 March 2025 16,231 Depreclatlon and Impairmènt Depreciation charged in the year 3,246 Al 31 March 2025 3.246 Carrying amount Al 31 March 2025 12,985 13 Debtors 2025 2024 Anjounts falling due within one year- other debtors PTepayrnenls and accJued income 10,792 15.000 22,889 25.792 22,889 ABILITY BOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Creditors: amounts falling due within one year 2025 2024 Other laxalion and social security Accruals 3.477 8,122 3,198 6,388 11,599 9,586 15 R8tlr8m8nt benefit schemes Deflned contrlbution schemes The charilable company operates a delined ￿ntribution pension scheme for all qualifying employees. The assets ol the scheme are held s8paralely from Ihose ol th8 charitable company in an Independently administered fund. The scheme is an auto enrolment scheme and provided by NEST pensions. The charge lo incomé And expenditure in respecl of defined conlribution sGhemes was £3.237 {2024 £3,080). W￿t￿N￿o0￿￿o￿Jooo1L) +xI￿r￿00(￿O)lorOOO( It)traJ￿OO￿)C)ro#￿OOO l Lno to ooots) ¢DvOOOThI 0)co*￿000 xr v xt yi oi aj¢or￿00 10 r ¢>¢DO O INooooo 00000 00000 rltiOrOI Cow