SturFit
Annual Trustees Report 2022-23
Administration Detail
Registered Office:
Sturminster Newton Leisure Centre Honeymead Lane Sturminster Newton Dorset DT101EW
Charity Number: 1147051 Company Number: 7977751
Trustees:
Mr Courtenay Hitchcock (Chair) Mr Michael Roake (Resigned in August 2023) Dr Colin Orman Mr Robert Clark Ms Lucy Jane Luxton Mr Peter William Hallam
Accountants:
Probusiness Ltd Wells Business Centre St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Bank:
Barclays Bank plc (20-99-40) King George Street Yeovil BA20 1PX
Aims and Objectives of the Charity
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That the Centre should be home to the maximum number of diverse recreational activities which would encourage the widest possible participation by the community, whilst at the same time ensuring financial stability.
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That the centre should actively promote young people’s participation in sport and recreation by offering considerably reduced rates for those groups actively coaching young people.
Focus of Work
SturFit’s focus for the year was to rebuild our customer base now that all the Covid-19 restrictions are removed, while ensuring that the centre remains a safe environment for its users. However, since Russia’s invasion of Ukraine the inflationary pressures have proved a challenge, but thankfully, we have been able to put through annual price increases, which happily, have been accepted by our customers. In fact, our membership has grown over the past year (from Mar’22 to Mar’23, paid monthly membership increased by 24%).
Negotiations with Dorset Council, for SturFit to take-over the building lease, stalled during Covid-19 and with talk of Sturminster Newton High School becoming an Academy (the building provides indoor sports facilities for the school), it seems unlikely this would come to fruition.
We still hold £70K award by the former North Dorset Council. Our intention was to use these funds towards redeveloping the centre once we held the lease, although with little likelihood of this happening, we are looking at using these funds to enhance the experience of our customers by procuring more varied equipment and updating some of the older equipment.
Public Benefit
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The centre remains very popular with the local community and locally run clubs. We have also introduced “Bounce & Play” days during the school holidays to help parents keep their children active and entertained.
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Although the health risks around Covid-19 have reduced considerably we have continued to request gym users to take the provided antibacterial spray and cloth so they can wipe down the equipment after use.
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We continue to invest in the centre, bringing in new and upgrading equipment, and although only £4k was invested this year we expect this to increase significantly in 2023/24.
Robert Clark – Trustee SturFit
REGISTERED COMPANY NUMBER: 07977751 (England and Wales) REGISTERED CHARITY NUMBER: 1147051
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2023
for
Sturfit
Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Sturfit
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
Sturfit
Report of the Trustees for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07977751 (England and Wales)
Registered Charity number
1147051
Registered office
Sturminster Newton Leisure Centre Honeymead Lane Sturminster Newton Dorset DT10 1EW
Trustees
R A Clark J M Roake C D J Hitchcock C E Orman L J Luxton Trustee (appointed 23.5.22) P W Hallam Trustee (appointed 23.5.22)
Independent Examiner
Martin Bowe Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. C D J Hitchcock - Trustee
Page 1
Independent Examiner's Report to the Trustees of Sturfit
Independent examiner's report to the trustees of Sturfit ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Martin Bowe
Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Date: .............................................
Page 2
Sturfit
Statement of Financial Activities for the Year Ended 31 March 2023
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 90,737 - Investment income 2 212 - Total 90,949 - EXPENDITURE ON Charitable activities Loss on Tangible Assets 1,932 - Other 84,651 - Total 86,583 - NET INCOME 4,366 - RECONCILIATION OF FUNDS Total funds brought forward 63,701 - TOTAL FUNDS CARRIED FORWARD 68,067 - |
31.3.23 31.3.22 Total Total funds funds £ £ 90,737 74,154 212 9 90,949 74,163 1,932 - 84,651 68,390 86,583 68,390 4,366 5,773 63,701 57,928 68,067 63,701 |
31.3.23 31.3.22 Total Total funds funds £ £ 90,737 74,154 212 9 90,949 74,163 1,932 - 84,651 68,390 86,583 68,390 4,366 5,773 63,701 57,928 68,067 63,701 |
|---|---|---|
| 74,163 | ||
| - 68,390 |
||
| 68,390 | ||
| 5,773 57,928 |
||
| 63,701 |
The notes form part of these financial statements
Page 3
Sturfit
Balance Sheet 31 March 2023
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 22,242 CURRENT ASSETS Debtors 8 2,049 Cash at bank and in hand 114,730 116,779 CREDITORS Amounts falling due within one year 9 (954) NET CURRENT ASSETS 115,825 TOTAL ASSETS LESS CURRENT LIABILITIES 138,067 CREDITORS Amounts falling due after more than one year 10 (70,000) NET ASSETS 68,067 FUNDS 11 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - - |
31.3.23 Total funds £ 22,242 2,049 114,730 116,779 (954) 115,825 138,067 (70,000) 68,067 68,067 68,067 |
31.3.22 Total funds £ 24,254 4,662 105,552 110,214 (767) 109,447 133,701 (70,000) 63,701 63,701 63,701 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
Sturfit
Balance Sheet - continued 31 March 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
C D J Hitchcock - Trustee
The notes form part of these financial statements
Page 5
Sturfit
Notes to the Financial Statements
for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 6
Sturfit
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Deposit account interest | 212 | 9 |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.23 | 31.3.22 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 3,959 | 4,326 |
| Deficit on disposal of fixed assets | 1,932 | - |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
31.3.23 31.3.22
No employees received emoluments in excess of £60,000.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 74,154 - Investment income 9 - Total 74,163 - EXPENDITURE ON Other 68,390 - |
Total funds £ 74,154 9 |
|---|---|
| 74,163 | |
| 68,390 |
continued...
Page 7
Sturfit
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 6. | COMPARATIVES FOR THE STATEMENT OF | COMPARATIVES FOR THE STATEMENT OF | FINANCIAL ACTIVITIES - continued | FINANCIAL ACTIVITIES - continued | FINANCIAL ACTIVITIES - continued | FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | fund | funds | ||||
| £ | £ | £ | ||||
| NET INCOME | 5,773 | - | 5,773 | |||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 57,928 | - | 57,928 | |||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 63,701 | - | 63,701 | |||
| 7. | TANGIBLE FIXED ASSETS | |||||
| Fixtures | ||||||
| Short | and | Computer | ||||
| leasehold | fittings | equipment | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 April 2022 | 31,651 | 76,909 | 858 | 109,418 | ||
| Additions | - | 4,039 | - | 4,039 | ||
| Disposals | - | (9,389) | - | (9,389) | ||
| At 31 March 2023 | 31,651 | 71,559 | 858 | 104,068 | ||
| DEPRECIATION | ||||||
| At 1 April 2022 | 31,651 | 52,949 | 564 | 85,164 | ||
| Charge for year | - | 3,886 | 73 | 3,959 | ||
| Eliminated on disposal | - | (7,297) | - | (7,297) | ||
| At 31 March 2023 | 31,651 | 49,538 | 637 | 81,826 | ||
| NET BOOK VALUE | ||||||
| At 31 March 2023 | - | 22,021 | 221 | 22,242 | ||
| At 31 March 2022 | - | 23,960 | 294 | 24,254 |
continued...
Page 8
Sturfit
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Trade debtors | 262 | 3,995 | ||
| Prepayments | 1,787 | 667 | ||
| 2,049 | 4,662 | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Trade creditors | 160 | - | ||
| Accrued expenses | 794 | 767 | ||
| 954 | 767 | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | ||
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Deferred government grants | 70,000 | 70,000 | ||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.22 | in funds | 31.3.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 63,701 | 4,366 | 68,067 | |
| TOTAL FUNDS | 63,701 | 4,366 | 68,067 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 90,949 | (86,583) | 4,366 | |
| TOTAL FUNDS | 90,949 | (86,583) | 4,366 |
continued...
Page 9
Sturfit
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.4.21 in funds £ £ Unrestricted funds General fund 57,928 5,773 TOTAL FUNDS 57,928 5,773 |
At 31.3.22 £ 63,701 |
|---|---|
| 63,701 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 74,163 | (68,390) | 5,773 |
| TOTAL FUNDS | 74,163 | (68,390) | 5,773 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 1.4.21 in funds £ £ Unrestricted funds General fund 57,928 10,139 TOTAL FUNDS 57,928 10,139 |
At 31.3.23 £ 68,067 |
|---|---|
| 68,067 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 165,112 | (154,973) | 10,139 |
| TOTAL FUNDS | 165,112 | (154,973) | 10,139 |
continued...
Page 10
Sturfit
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 11
Sturfit
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2023 | ||
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Cleaning Income | 2,822 | 1,226 |
| Gym Income | 17,863 | 19,116 |
| Club Income | 2,274 | 10,216 |
| Classes Income | 67,423 | 39,804 |
| Vending Machine Income | - | 56 |
| Grant Income | - | 3,736 |
| Donations and Legacies | 355 | - |
| 90,737 | 74,154 | |
| Investment income | ||
| Deposit account interest | 212 | 9 |
| Total incoming resources | 90,949 | 74,163 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Product Purchases | 673 | - |
| Gym Management Fees | 50,710 | 43,503 |
| Insurance | 1,613 | 2,123 |
| Light and heat | 7,100 | 5,900 |
| Telephone | 595 | 260 |
| Postage and stationery | 115 | 129 |
| Advertising | 763 | 215 |
| Uniforms | 492 | - |
| Cleaning | 6,929 | 4,374 |
| Maintenance Charges | 604 | 717 |
| Gym Equipment Maintenance | 1,126 | 128 |
| Membership System Rental | 2,450 | 2,415 |
| Hire of Equipment | 880 | 425 |
| Subscriptions and Licences | 1,562 | 839 |
| Waste Disposal | 412 | 383 |
| Office Sundries | 350 | 551 |
| Entertainment | 187 | 91 |
| 76,561 | 62,053 | |
| Finance | ||
| Sundries | 49 | - |
| Carried forward | 49 | - |
This page does not form part of the statutory financial statements
Page 12
Sturfit
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2023 | ||
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Finance | ||
| Brought forward | 49 | - |
| Fixtures and fittings | 3,886 | 4,228 |
| Computer equipment | 73 | 98 |
| 4,008 | 4,326 | |
| Information technology | ||
| Website Fees | 687 | 166 |
| Computer Sundries | 130 | 113 |
| 817 | 279 | |
| Other | ||
| Small Equipment Replacement | 164 | - |
| Training | 833 | - |
| 997 | - | |
| Other 2 | ||
| Loss on sale of tangible fixed assets | 1,932 | - |
| Governance costs | ||
| Accountancy and legal fees | 2,268 | 1,732 |
| Total resources expended | 86,583 | 68,390 |
| Net income | 4,366 | 5,773 |
This page does not form part of the statutory financial statements
Page 13