SturFit
Annual Trustees Report 2024-25
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 Robert Clark (Treasurer) Ms Lucy Jane Luxton (Resigned in September 2024) Mr Peter William Hallam Mr Thomas Bridger-Chilvers (Appointed April 2024) Miss Jane Caie (Appointed April 2024) Mr Scott Lee Harris (Appointed May 2025)
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
-
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.
-
That the centre should actively promote young people’s participation in sport and recreation by offering reduced rates for those groups actively coaching young people.
-
That we listen to our users and work to provide them with the facility and amenities they want and appreciate.
Focus of Work
To ensure we maintain an environment where our users feel safe and enjoy using our facilities and equipment. Sturfit remains popular within the community and with new house building in the town and surrounding areas we have a facility that the community can utilise. Gym membership continues to grow; our membership has grown by a further 12% between 2024 & 2025 and demand remains high for the sports hall outside school hours.
Although Sturfit was unable to secure the lease for the Sports Centre from Dorset Council it has established a very good working relationship with the new lease holder, Sherborne Area Schools Trust (SAST). The building is shared with Sturminster Newton High School (it provides indoor sports facilities for the school), which was the reasoning for the lease being transferred directly to SAST. Sturfit operates under a “Licence to Operate”, issued by SAST.
We started to draw down on £70K grant awarded by the former North Dorset Council in 23/24, although no further funds were utilised in 24/24 and £49.3k remains. However, there are plans to draw down on this in 25/26 to improve facilities within the centre.
Public Benefit
-
The centre remains extremely popular within the local community and supports a wide range of clubs and activities; these include Age Concern Balance Classes, an over 50’s Badminton Cub, Martial Arts and Zumba classes.
-
Post covid, we continue to request gym users to take the provided antibacterial spray and cloth when they enter so they can wipe down the equipment after use and our users accept this and see it as a positive.
-
Although our capital investment in new equipment has been minimal over the last year c. £1.8k, we have planned investment in new equipment and fittings in 24/25 of around £60k.
Robert Clark – Treasurer 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 2025
for
Sturfit
Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Sturfit
Report of the Trustees for the Year Ended 31 March 2025
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 2025. 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 C D J Hitchcock L J Luxton (resigned 4.9.24) P W Hallam T Bridger-Chilvers (appointed 16.4.24) Ms J M Caie (appointed 18.4.24)
Independent Examiner
Niall O'Driscoll Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
22nd August 2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. C D J Hitchcock - Trustee Chairman
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 2025.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Niall O'Driscoll
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 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 121,945 Investment income 2 1,168 Total 123,113 EXPENDITURE ON Raising funds 571 Charitable activities Loss on Tangible Assets - Other 105,985 Total 106,556 NET INCOME 16,557 RECONCILIATION OF FUNDS Total funds brought forward 92,058 TOTAL FUNDS CARRIED FORWARD 108,615 |
Restricted fund £ - - - - - - - - - - |
31.3.25 Total funds £ 121,945 1,168 123,113 571 - 105,985 106,556 16,557 92,058 108,615 |
31.3.24 Total funds £ 127,054 987 128,041 - (879) 104,929 104,050 23,991 68,067 92,058 |
|---|---|---|---|
The notes form part of these financial statements
Page 3
Sturfit
Balance Sheet 31 March 2025
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 46,040 CURRENT ASSETS Debtors 8 3,135 Cash at bank and in hand 110,847 113,982 CREDITORS Amounts falling due within one year 9 (2,070) NET CURRENT ASSETS 111,912 TOTAL ASSETS LESS CURRENT LIABILITIES 157,952 CREDITORS Amounts falling due after more than one year 10 (49,337) NET ASSETS 108,615 FUNDS 11 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - - |
31.3.25 Total funds £ 46,040 3,135 110,847 113,982 (2,070) 111,912 157,952 (49,337) 108,615 108,615 108,615 |
31.3.24 Total funds £ 51,508 2,999 88,317 91,316 (1,429) 89,887 141,395 (49,337) 92,058 92,058 92,058 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(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 2025
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: 22nd August 2025
............................................. C D J Hitchcock - Trustee Chairman
The notes form part of these financial statements
Page 5
Sturfit
Notes to the Financial Statements for the Year Ended 31 March 2025
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 2025
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Deposit account interest | 1,168 | 987 |
| NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Surplus on disposal of fixed assets |
31.3.25 £ 7,934 - |
31.3.24 £ 9,116 (879) |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
31.3.25 31.3.24
No employees received emoluments in excess of £60,000.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 127,054 Investment income 987 Total 128,041 EXPENDITURE ON Charitable activities Loss on Tangible Assets (879) Other 104,929 |
Restricted fund £ - - - - - |
Total funds £ 127,054 987 128,041 (879) 104,929 |
|---|---|---|
continued...
Page 7
Sturfit
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
| 6. | COMPARATIVES FOR THE STATEMENT OF | COMPARATIVES FOR THE STATEMENT OF | FINANCIAL ACTIVITIES - | FINANCIAL ACTIVITIES - | FINANCIAL ACTIVITIES - | continued | continued |
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| fund | fund | funds | |||||
| £ | £ | £ | |||||
| Total | 104,050 | - | 104,050 | ||||
| NET INCOME | 23,991 | - | 23,991 | ||||
| RECONCILIATION OF FUNDS | |||||||
| Total funds brought forward | 68,067 | - | 68,067 | ||||
| TOTAL FUNDS CARRIED | |||||||
| FORWARD | 92,058 | - | 92,058 | ||||
| 7. | TANGIBLE FIXED ASSETS | ||||||
| COST | Short leasehold £ |
Fixtures and fittings £ |
Computer equipment £ |
Totals £ |
|||
| At 1 April 2024 | 31,651 | 97,464 | 858 | 129,973 | |||
| Additions | - | 1,817 | 649 | 2,466 | |||
| At 31 March 2025 | 31,651 | 99,281 | 1,507 | 132,439 | |||
| DEPRECIATION | |||||||
| At 1 April 2024 | 31,651 | 46,122 | 692 | 78,465 | |||
| Charge for year | - | 7,750 | 184 | 7,934 | |||
| At 31 March 2025 | 31,651 | 53,872 | 876 | 86,399 | |||
| NET BOOK VALUE | |||||||
| At 31 March 2025 | - | 45,409 | 631 | 46,040 | |||
| At 31 March 2024 | - | 51,342 | 166 | 51,508 | |||
continued...
Page 8
Sturfit
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 31.3.25 | 31.3.24 | |||
| £ | £ | |||
| Trade debtors | 659 | 701 | ||
| Prepayments | 2,476 | 2,298 | ||
| 3,135 | 2,999 | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Trade creditors | 31.3.25 £ 1,011 |
31.3.24 £ 527 |
||
| Accrued expenses | 1,059 | 902 | ||
| 2,070 | 1,429 | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | ||
| Deferred government grants | 31.3.25 £ 49,337 |
31.3.24 £ 49,337 |
||
| 11. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.4.24 £ |
Net movement in funds £ |
At 31.3.25 £ |
|
| General fund | 92,058 | 16,557 | 108,615 | |
| TOTAL FUNDS | 92,058 | 16,557 | 108,615 | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 123,113 | (106,556) | 16,557 | |
| TOTAL FUNDS | 123,113 | (106,556) | 16,557 | |
continued...
Page 9
Sturfit
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.23 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 68,067 | 23,991 | 92,058 |
| TOTAL FUNDS | 68,067 | 23,991 | 92,058 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 128,041 | (104,050) | 23,991 |
| TOTAL FUNDS | 128,041 | (104,050) | 23,991 |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Unrestricted funds | At 1.4.23 £ |
Net movement in funds £ |
At 31.3.25 £ |
| General fund | 68,067 | 40,548 | 108,615 |
| TOTAL FUNDS | 68,067 | 40,548 | 108,615 |
| A current year 12 months and prior year 12 months combined net movement in funds, | included in the | ||
| above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 251,154 | (210,606) | 40,548 |
| TOTAL FUNDS | 251,154 | (210,606) | 40,548 |
continued...
Page 10
Sturfit
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 11
Sturfit
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 INCOME AND ENDOWMENTS Donations and legacies Gym Income Club Income Product Income Grant Income Donations and Legacies Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Fundraising Costs Support costs Management Product Purchases Gym Management Fees Insurance Light and heat Telephone Postage and stationery Advertising Uniforms Cleaning Maintenance Charges Gym Equipment Maintenance Membership System Rental Hire of Equipment Subscriptions and Licences Waste Disposal Office Sundries Entertainment Instructor Costs |
31.3.25 £ 78,612 38,122 1,787 - 3,424 121,945 1,168 123,113 571 1,051 59,719 1,738 10,800 689 197 837 266 5,173 752 3,143 2,856 - 2,904 459 838 - 2,550 93,972 |
31.3.24 £ 40,563 65,219 609 20,663 - 127,054 987 128,041 - 1,136 55,536 1,499 8,450 674 69 600 - 6,290 2,143 3,950 2,634 380 2,225 437 2,165 318 800 89,306 |
|---|---|---|
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 2025
| Management Finance Credit Card Charges Fixtures and fittings Computer equipment Information technology Website Fees Computer Sundries Other Small Equipment Replacement Training Donations Other 2 Loss on sale of tangible fixed assets Governance costs Accountancy and legal fees Total resources expended Net income |
31.3.25 £ 725 7,750 183 8,658 218 180 398 399 - - 399 - 2,558 106,556 16,557 |
31.3.24 £ 239 9,060 55 9,354 2,246 274 2,520 556 847 29 1,432 (879) 2,317 104,050 23,991 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
Sturfit
Contents of the Financial Statements for the Year Ended 31 March 2025
| 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 |
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 2025
for
Sturfit
Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Sturfit
Report of the Trustees for the Year Ended 31 March 2025
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 2025. 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 C D J Hitchcock L J Luxton (resigned 4.9.24) P W Hallam T Bridger-Chilvers (appointed 16.4.24) Ms J M Caie (appointed 18.4.24)
Independent Examiner
Niall O'Driscoll Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
22nd August 2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. C D J Hitchcock - Trustee Chairman
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 2025.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Niall O'Driscoll
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 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 121,945 Investment income 2 1,168 Total 123,113 EXPENDITURE ON Raising funds 571 Charitable activities Loss on Tangible Assets - Other 105,985 Total 106,556 NET INCOME 16,557 RECONCILIATION OF FUNDS Total funds brought forward 92,058 TOTAL FUNDS CARRIED FORWARD 108,615 |
Restricted fund £ - - - - - - - - - - |
31.3.25 Total funds £ 121,945 1,168 123,113 571 - 105,985 106,556 16,557 92,058 108,615 |
31.3.24 Total funds £ 127,054 987 128,041 - (879) 104,929 104,050 23,991 68,067 92,058 |
|---|---|---|---|
The notes form part of these financial statements
Page 3
Sturfit
Balance Sheet 31 March 2025
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 46,040 CURRENT ASSETS Debtors 8 3,135 Cash at bank and in hand 110,847 113,982 CREDITORS Amounts falling due within one year 9 (2,070) NET CURRENT ASSETS 111,912 TOTAL ASSETS LESS CURRENT LIABILITIES 157,952 CREDITORS Amounts falling due after more than one year 10 (49,337) NET ASSETS 108,615 FUNDS 11 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - - |
31.3.25 Total funds £ 46,040 3,135 110,847 113,982 (2,070) 111,912 157,952 (49,337) 108,615 108,615 108,615 |
31.3.24 Total funds £ 51,508 2,999 88,317 91,316 (1,429) 89,887 141,395 (49,337) 92,058 92,058 92,058 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(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 2025
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: 22nd August 2025
............................................. C D J Hitchcock - Trustee Chairman
The notes form part of these financial statements
Page 5
Sturfit
Notes to the Financial Statements for the Year Ended 31 March 2025
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 2025
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Deposit account interest | 1,168 | 987 |
| NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Surplus on disposal of fixed assets |
31.3.25 £ 7,934 - |
31.3.24 £ 9,116 (879) |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
31.3.25 31.3.24
No employees received emoluments in excess of £60,000.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 127,054 Investment income 987 Total 128,041 EXPENDITURE ON Charitable activities Loss on Tangible Assets (879) Other 104,929 |
Restricted fund £ - - - - - |
Total funds £ 127,054 987 128,041 (879) 104,929 |
|---|---|---|
continued...
Page 7
Sturfit
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
| 6. | COMPARATIVES FOR THE STATEMENT OF | COMPARATIVES FOR THE STATEMENT OF | FINANCIAL ACTIVITIES - | FINANCIAL ACTIVITIES - | FINANCIAL ACTIVITIES - | continued | continued |
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| fund | fund | funds | |||||
| £ | £ | £ | |||||
| Total | 104,050 | - | 104,050 | ||||
| NET INCOME | 23,991 | - | 23,991 | ||||
| RECONCILIATION OF FUNDS | |||||||
| Total funds brought forward | 68,067 | - | 68,067 | ||||
| TOTAL FUNDS CARRIED | |||||||
| FORWARD | 92,058 | - | 92,058 | ||||
| 7. | TANGIBLE FIXED ASSETS | ||||||
| COST | Short leasehold £ |
Fixtures and fittings £ |
Computer equipment £ |
Totals £ |
|||
| At 1 April 2024 | 31,651 | 97,464 | 858 | 129,973 | |||
| Additions | - | 1,817 | 649 | 2,466 | |||
| At 31 March 2025 | 31,651 | 99,281 | 1,507 | 132,439 | |||
| DEPRECIATION | |||||||
| At 1 April 2024 | 31,651 | 46,122 | 692 | 78,465 | |||
| Charge for year | - | 7,750 | 184 | 7,934 | |||
| At 31 March 2025 | 31,651 | 53,872 | 876 | 86,399 | |||
| NET BOOK VALUE | |||||||
| At 31 March 2025 | - | 45,409 | 631 | 46,040 | |||
| At 31 March 2024 | - | 51,342 | 166 | 51,508 | |||
continued...
Page 8
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Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 31.3.25 | 31.3.24 | |||
| £ | £ | |||
| Trade debtors | 659 | 701 | ||
| Prepayments | 2,476 | 2,298 | ||
| 3,135 | 2,999 | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Trade creditors | 31.3.25 £ 1,011 |
31.3.24 £ 527 |
||
| Accrued expenses | 1,059 | 902 | ||
| 2,070 | 1,429 | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | ||
| Deferred government grants | 31.3.25 £ 49,337 |
31.3.24 £ 49,337 |
||
| 11. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.4.24 £ |
Net movement in funds £ |
At 31.3.25 £ |
|
| General fund | 92,058 | 16,557 | 108,615 | |
| TOTAL FUNDS | 92,058 | 16,557 | 108,615 | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 123,113 | (106,556) | 16,557 | |
| TOTAL FUNDS | 123,113 | (106,556) | 16,557 | |
continued...
Page 9
Sturfit
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.23 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 68,067 | 23,991 | 92,058 |
| TOTAL FUNDS | 68,067 | 23,991 | 92,058 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 128,041 | (104,050) | 23,991 |
| TOTAL FUNDS | 128,041 | (104,050) | 23,991 |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Unrestricted funds | At 1.4.23 £ |
Net movement in funds £ |
At 31.3.25 £ |
| General fund | 68,067 | 40,548 | 108,615 |
| TOTAL FUNDS | 68,067 | 40,548 | 108,615 |
| A current year 12 months and prior year 12 months combined net movement in funds, | included in the | ||
| above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 251,154 | (210,606) | 40,548 |
| TOTAL FUNDS | 251,154 | (210,606) | 40,548 |
continued...
Page 10
Sturfit
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 11
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| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 INCOME AND ENDOWMENTS Donations and legacies Gym Income Club Income Product Income Grant Income Donations and Legacies Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Fundraising Costs Support costs Management Product Purchases Gym Management Fees Insurance Light and heat Telephone Postage and stationery Advertising Uniforms Cleaning Maintenance Charges Gym Equipment Maintenance Membership System Rental Hire of Equipment Subscriptions and Licences Waste Disposal Office Sundries Entertainment Instructor Costs |
31.3.25 £ 78,612 38,122 1,787 - 3,424 121,945 1,168 123,113 571 1,051 59,719 1,738 10,800 689 197 837 266 5,173 752 3,143 2,856 - 2,904 459 838 - 2,550 93,972 |
31.3.24 £ 40,563 65,219 609 20,663 - 127,054 987 128,041 - 1,136 55,536 1,499 8,450 674 69 600 - 6,290 2,143 3,950 2,634 380 2,225 437 2,165 318 800 89,306 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
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Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Management Finance Credit Card Charges Fixtures and fittings Computer equipment Information technology Website Fees Computer Sundries Other Small Equipment Replacement Training Donations Other 2 Loss on sale of tangible fixed assets Governance costs Accountancy and legal fees Total resources expended Net income |
31.3.25 £ 725 7,750 183 8,658 218 180 398 399 - - 399 - 2,558 106,556 16,557 |
31.3.24 £ 239 9,060 55 9,354 2,246 274 2,520 556 847 29 1,432 (879) 2,317 104,050 23,991 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
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Contents of the Financial Statements for the Year Ended 31 March 2025
| 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 |