INSPIRE FITNESS ACADEMY CHARITY NUMBER: 1144994 TRUSTEES' REPORT AND UNAUDITED ACCOUNTS YEAR ENDED 31ST DECEMBER 2023
PREPARED BY: J A A A ACCOUNTING LIMITED 27 Barling Drive Shipley View Ilkeston Derbyshire DE7 9JA Company No: 08721214
Inspire Fitness Academy Charity Information
For The Period Of 1st January 2023 to 31st December 2023
| Charity Name: | Inspire Fitness Academy |
|---|---|
| Trustees | Andrew Knibbs |
| Stacie Gellear | |
| Ian Smith | |
| Carl Andrews | |
| Manager: | Samuel Godfrey |
| Registered Address: | The Sherwin Club |
| Harrington Street | |
| Derby | |
| DE23 8PB | |
| Independent Examiner: | J A A A Accounting Limited |
| Company Number: | 08721214 |
| Contact Name: | Mrs Jenny Bavin |
| Examiners Address: | 27 Barling Drive |
| Shipley View | |
| Ilkeston | |
| Derbyshire | |
| DE7 9JA | |
| Examiners Contact No: | 0115 9308552 |
| 07989 969409 |
Prepared By: J A A A Accounting Limited
Inspire Fitness Limited Independent Examiners Report
For The Year Ended 1st January 2023 to 31st December 2023
Independent Examiner's Report to the Trustees of Inspire Fitness Academy
I report to the trustees on my examination of the financial statements of Inspire Fitness Academy for the year ended 31st December 2023 which comprises of the Statement of Financial Activities, the Balance Sheet and the related notes.
Responsibilities and basis of report
The Charity's trustees, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the act). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
In connections with my examination, the following matters have come to my attention
-
Certain assumptions, direction and explanations have been relied upon as given by charity manager, S. Godfrey.
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All related party transactions have been disclosed in note 8
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The general reserve is in credit by £69,399.79
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As per previous years, S.Godfrey confirmed money banked included gym memberships and other gym related events and activities
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Cash Withdrawals, have been confirmed by S.Godfrey were for setting up the boxing events, in which were to raise funds for the charity in order to continue to meet the objectives in the governing documents
Jenny Bavin
J A A A Accounting Limited
27 Barling Drive Shipley View Ilkeston Derbyshire DE7 9JA 30th October 2024
Prepared By: J A A A Accounting Limited
Inspire Fitness Limited Trustees Report
For The Year Ended 1st January 2023 to 31st December 2023
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31st December 2023
Structure, Governance and Management Governing Document Inspire Fitness Academy is a registered charity, number 1144994. The charity's governing document is a connstitution dated 11th September 2018. The registered office is The Sherwin Club, Harrington Street, Derby, DE23 8PB. Trustee Selection Methods Following an analysis of the skills needed by the Charity Trustee body, people resident in Derby who are active in the advancement of the objectives of the charity and have the required skills ate approached to become trustees. In the absence of such people, approaches are made to having those skills, who are non-resident in Derby. Risk Management Policy The Trustees examine the risks that the charity faces each financial year when preparing and updating the strategic plan. The charity has developed systems to monitor and control those risks in order to minimise any impact upon the future of the charity. Objectives and Activities The primary objectives of the charity are the promotion of community participation in healthy recreation by the provision for fitness classes, 121 training and boxing.
The ways in which these objectives will be carried out are as follows:-
Inspire Fitness Academy offfer fitness classes; 121 sessions, educational seminars, courses and opportunities for roles of employment both at our facilities and online. Throughout the year we put on boxing shows that help generate money for future projects.
The principal activity is in accordance with the objects contained in the constitution, the charity's governing document, and there have been no changes to this during the year. Public Benefit The trustees have complied with section 4 of the Charities Act 2006, having due regard for Charity Commission's guidance on public benefit when reviewing the charities aims and objectives
Achievements and Performance 2023 saw IFA move forward from the covid period and out onsite facility became regularly used.
External clubs like Derbyshire Cricket Club began making full use of our sports hall by offering drop in sessions and we increased out alterntive education program with SEN school - Horizons.
We continued to support ongoing charitable causes but added new such as The Masonic Charity, a local child with severe illness called Kai through Mickleover Sports events and the Lighthouse, raising £7,762.
Our fundraising projects branched out to more areas of Nottingham, Bradford and Warrington, but also adding Middlesborough, Scunthorpe and Doncaster.
On the horizon for 2024 will be more areas of Derbyshire, working closely wih our own neighbourhoods and police force.
Statement of trustees' responsibilities in relation to the financial statements The Charity trustees ate responsible for preparinng a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
A. Knibbs Trustee
30th October 2024
Prepared By: J A A A Accounting Limited
Inspire Fitness Academy Limited Detailled Profit and Loss
For The Year Ended 1st January 2023 To 31st December 2023
| Sales 2 Sales Grants Total Income and Endowments Expenditure On: Costs of other trading activities Total Expenditure on Raising Funds Motor and Travel Costs Rent Light, Heat and Power Equipment Repairs and Maintenance Insurances Information and Publications Software, IT Support and related costs Merchandise Stationery, Printing and Postage Subscriptions Sundry Expenses Telephone, Fax and Broadband Bank Charges Loan Interest Charitable Donations Depreciation Legal & Professional Fees Accountancy Fees Legal and Professional |
Unrestricted Funds 2023 £ 109,695.35 - |
Unrestricted Funds 2023 £ 109,695.35 - |
Total Funds 2023 £ 109,695.35 - |
Total Funds 2022 £ 85,395.00 - |
|
|---|---|---|---|---|---|
| 109,695.35 | 109,695.35 | 85,395.00 | |||
| 49,053.73 | 49,053.73 | 22,627.00 | |||
| 49,053.73 | 49,053.73 | 22,627.00 | |||
| 4,969.84 11,850.00 4,392.16 3,250.00 3,311.41 2,798.05 1,574.20 2,425.38 1,891.80 50.60 - 824.16 9.00 726.95 3,376.19 7,631.49 5,461.00 4,682.60 |
4,969.84 11,850.00 4,392.16 3,250.00 3,311.41 2,798.05 1,574.20 2,425.38 1,891.80 50.60 - 824.16 9.00 726.95 3,376.19 7,631.49 5,461.00 4,682.60 |
4,421.00 10,300.00 724.00 1,173.00 2,977.00 3,914.00 999.00 - 1,072.00 354.00 18,037.00 689.00 750.00 - - 10,190.00 1,799.00 5,000.00 |
|||
| Net Movement in Funds | 1,416.79 | 1,416.79 | 369.00 |
Prepared By: J A A A Accounting Limited
Inspire Fitness Academy Limited Profit And Loss Statement
For The Period Of 1st January 2023 to 31st December 2023
| Notes Income Expenditure on Raising Funds Gross Income Expenditure on all other activities Net Income 2 |
2023 £ 109,695.35 49,053.73 60,641.62 59,224.83 1,416.79 |
|---|---|
| Net Movements In Funds | 1,416.79 |
| Reconciliation of Funds: Total funds brought forward Total funds carried forward |
67,983.00 |
| 69,399.79 | |
Prepared By: J A A A Accounting Limited
Inspire Fitness Academy Limited Balance Sheet
For The Period Of 1st January 2023 to 31st December 2023
| Notes Fixed Assets Tangible Assets 3 Current Assets Debtors & Prepayments 4/8 Cash at bank and in hand Creditors: amounts falling due 5 within 1 year Net Current Assets Creditor: amounts falling due 6 after 1 year |
2023 £ 21,512.51 22,450.53 53,011.75 75,462.28 11,486.00 63,976.28 16,089.00 |
|---|---|
| Net Assets | 69,399.79 |
| The Funds of the Charity Unrestricted Funds 7 |
69,399.79 |
| Total Funds | 69,399.79 |
Approved by the trustees on 30th October 2024 And signed on their behalf by:
A.Knibbs Trustee
Prepared By: J A A A Accounting Limited
Inspire Fitness Academy Limited Notes To The Accounts
For The Period Of 1st January 2023 to 31st December 2023
1. Accounting Policies
The Financial Statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issues on 16 July 2014 and the Charities Act 2011
Income
Donations, gifts and grants are included in full in the income and expenditure account as soon as they are received.
Taxation
The association is a charity wihin the meaning os Section 506(1) of the Taxes Axt 1988. Accordingly the association is potentially exempt from taxation in respect of income or capital gains received within categories covered by Section 505 of the Taxes Act 1988 or Section 256 of the Taxation Chargeable Gains Act 1992 to the extent that such income or gains are applied to exclusively charitable purposes.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes
Tangible Fixed Assets and Depreciation
Depreciation has been provided at the following rates in order to write off assets, over their estimated useful lives.
Leasehold Property Improvements Motor Vehicles Equipment
Over the term of the lease 33.33% Reducing Balance 20% Straight Line
Prepared By: J A A A Accounting Limited
Inspire Fitness Academy Limited Notes To The Accounts
For The Period Of 1st January 2023 to 31st December 2023
| 2. Income from charitable activities Unrestricted £ Other Income 109,695.35 Grants - 109,695.35 3 Tangible fixed assets Leasehold Property Improvements Acquisition Opening Balance 13,047.00 Additions - |
2. Income from charitable activities Unrestricted £ Other Income 109,695.35 Grants - 109,695.35 3 Tangible fixed assets Leasehold Property Improvements Acquisition Opening Balance 13,047.00 Additions - |
2. Income from charitable activities Unrestricted £ Other Income 109,695.35 Grants - 109,695.35 3 Tangible fixed assets Leasehold Property Improvements Acquisition Opening Balance 13,047.00 Additions - |
Total 2023 Total 2022 £ £ 109,695.35 85,395.00 - - 109,695.35 85,395.00 Motor Vehicles Equipment Total 15,351.00 746.00 29,144.00 - |
|---|---|---|---|
| 109,695.35 | |||
| Leasehold Property Improvements 13,047.00 - |
|||
| At 31st December 2023 | 13,047.00 | 15,351.00 746.00 29,144.00 |
|
| Depreciation Charge for theperiod |
2,303.00 | 5,116.49 212.00 7,631.49 |
|
| At 31st December 2023 | 2,303.00 | 5,116.49 212.00 7,631.49 |
|
| Net Book Value Opening Balance Less Depreciation |
13,047.00 2,303.00 |
15,351.00 746.00 29,144.00 5,116.49 212.00 7,631.49 |
|
| At 31st December 2023 | 10,744.00 | 10,234.51 534.00 21,512.51 |
|
| 4 Current Assets Trade Debtors Related PartyTransactions Prepayments |
220.00 21,277.47 953.06 22,450.53 3,850.00 4,436.00 3,200.00 11,486.00 16,089.00 69,399.79 69,399.79 2023 2022 and older 14,481.00 14,481.00 6,796.47 8,545.00 |
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| 5 Creditors: amounts falling due within 1 year Accruals Trade Creditors Bank Loans |
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| 6 Creditors: amounts falling due after 1 year Bank Loans 7 The Funds of the Charity Unrestricted Funds |
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| At 31st December 2023 | |||
| 8. Related Party Disclosures Name of related party Godfrey Management Ltd Relationship: S Godfrey is Director Amount: Name of related party S Godfrey Relationship: S Godfrey is Manager Amount: |
Prepared By: J A A A Accounting Limited