## **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: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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|