``` REGISTERED COMPANY NUMBER: 07884948 (England and Wales) REGISTERED CHARITY NUMBER: 1149481 ``` ``` Report of the Trustees and ``` ``` Unaudited Financial Statements ``` ``` for the Year Ended 31 December 2021 ``` ``` for ``` ``` M Club Foundation Ltd ``` ``` Thompson Wright Limited Chartered Accountants Ebenezer House Ryecroft Newcastle under Lyme Staffordshire ST5 2BE ``` ``` M Club Foundation Ltd ``` ## **`Contents of the Financial Statements for the Year Ended 31 December 2021`** ||**`Page`**| |---|---| |**`Report of the Trustees`**|`1 to 3`| |**`Independent Examiner's Report`**|`4`| |**`Statement of Financial Activities`**|`5`| |**`Balance Sheet`**|`6`| |**`Notes to the Financial Statements`**|`7 to 9`| |**`Detailed Statement of Financial Activities`**|`10`| ``` M Club Foundation Ltd ``` ## **`Report of the Trustees for the Year Ended 31 December 2021`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report withthefinancialstatementsofthecharityfortheyearended31December2021.Thetrusteeshaveadopted the provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` Theobjectivesofthecharitablecompanyareforthereliefofneedamongcommunitiesforthepublicbenefit by provisionofgrantsforandtopromoteanyothercharitablepurposesforthebenefitofthecommunityand, in particular,theadvancementofhealthandfitness,rehabilitation,financialhardship,alleviatephysicaland mental health inequalities, address educational achievement and relief of poverty, distress and sickness. ``` ``` The trusteesconfirmthattheyhavereferredto the guidancecontainedin the CharityCommission'sgeneral guidance on public benefit when reviewing the trust's aims and objectives and in planning future activities. ``` ## **`Public benefit`** ``` The trustees of the Charityare aware of the CharityCommission'sguidanceon public benefit and have had regard to it in their administration of the Charity. ``` ## **`ACHIEVEMENT AND PERFORMANCE`** ``` The impact of the work and activities carried out during the year has been to: ``` - `Establish the internal management and workings of the charity including setting up of governance structure.` - `Explore various sources of income including donations, and delivery partners for the various programmes.` ## **`FINANCIAL REVIEW`** ## **`Financial position`** ``` The statementof financialactivitiesis on page 4. The net outgoingresourcesfor the year amountedto £6,518with an income of £69,899. ``` ``` IntheopinionoftheTrusteesBoard,thefundsheldat31December2021wereavailableandadequatetofulfil the charitable company's existing obligations. ``` ## **`Reserves policy`** ``` The trusteeshave establisheda policyof buildingup a reserve to contributeto unforeseencosts with an aim of having areserveequivalentofsixmonthsturnover.Thisreservewillbemonitoredannuallyandthecontributionto the reserve adjusted accordingly. ``` ## **`FUTURE PLANS`** ``` Thecharitablecompanywillcontinueitsactivitiesinfutureyears.Itkeepsthefacilitiesinitschargeunder continual review with a view to maintaining and enhancing them. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,thearticlesofassociation,andconstitutesalimited company, limited by guarantee, as defined by the Companies Act 2006. ``` ## **`Recruitment and appointment of new trustees`** ``` TheBoardoftrusteescontainsabroadmixofskillstherebyenhancingitseffectiveness.Whenfurther trustees' recruitmentisnecessarythecriteriafornewmembersaredecidedusingaskillsaudittoensuretheboardretains its efficacy. ``` ``` Page 1 ``` ``` M Club Foundation Ltd ``` ``` Report of the Trustees for the Year Ended 31 December 2021 ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Organisational structure`** ``` Aboardoftrusteesadministersthecharitablecompany.Thetrusteesare,inpart,appointedbythe individual members. In consideringother appointmentsto the board,the trusteestry to achieve an appropriatemix and balance of skills. Trustees meet at least quarterly or more frequently if circumstances require. ``` ## **`Induction and training of new trustees`** ``` Thepresentboardoftrusteesarefamiliarwiththecharitablecompany'sworkandwiththeirresponsibilities and requirements as board members. ``` ## **`Related parties`** ``` M Club Foundationwas a member of FitnessLeisureWorldCIC (formerlyknownas M Club Spa & FitnessCIC) prior to theentitybeingdissolved.Noneofthetrusteesareassociatedwiththerelatedpartyandthecharitablecompany is not controlled by this body. M Club Foundation trustee Gill Sherwin was a director of Fitness Leisure World CIC. ``` ## **`Risk management`** ``` Detailsofthewaythecharitablecompanyisgovernedaresetoutunderanorganisationalstructure.Trustee board meetings regularly review the controls operating around the organisation. ``` ``` TheBoardcarriesoutaformalriskreviewprocesstoidentifytheprincipalrisksfacingtheorganisation.Therisks are scored,andtheirrelativeimportanceagreedandvariousactionstakentomitigatetherisksarealsoidentified. The processisrecordedandriskssummarisedtogetherwithanongoingactionplaninaformalrisk management document. ``` ``` The major risks are: ``` - `Sustainability of donations and income` - `Community risks (vandalism, drugs etc.)` - `Catastrophic building failure` ``` The trustees continue to monitor and mitigate these risks at trustee meetings. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`** ``` 07884948 (England and Wales) ``` ## **`Registered Charity number`** ``` 1149481 ``` ## **`Registered office`** ``` 31 Iron Market Ironmarket Newcastle ST5 1RP ``` ## **`Trustees`** ``` P Samani G Sherwin M I Chaudry Director ``` ``` Page 2 ``` ``` M Club Foundation Ltd ``` ## **`Report of the Trustees for the Year Ended 31 December 2021`** ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Independent Examiner`** ``` J Bostock BA(Hons) BFP FCA Thompson Wright Limited Chartered Accountants Ebenezer House Ryecroft Newcastle under Lyme Staffordshire ST5 2BE ``` ``` This report has been preparedin accordancewith the specialprovisionsof Part 15 of the CompaniesAct 2006 relating to small companies. ``` ``` Approved by order of the board of trustees on 26 September 2022 and signed on its behalf by: ``` ``` M I Chaudry - Trustee ``` ``` Page 3 ``` ``` Independent Examiner's Report to the Trustees of M Club Foundation Ltd ``` ## **`Independent examiner's report to the trustees of M Club Foundation Ltd ('the Company')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended 31 December 2021. ``` ## **`Responsibilities and basis of report`** ``` As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare 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 accountsof the Company are not required to be audited under Part 16 of the 2006 Act andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carryingout my examinationI have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith 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)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` J Bostock BA(Hons) BFP FCA Thompson Wright Limited Chartered Accountants Ebenezer House Ryecroft Newcastle under Lyme Staffordshire ST5 2BE ``` ``` 26 September 2022 ``` ``` Page 4 ``` ``` M Club Foundation Ltd ``` ## **`Statement of Financial Activities for the Year Ended 31 December 2021`** |||`31.12.21`|`31.12.20`| |---|---|---|---| |||`Unrestricted`|`Total`| |||`fund`|`funds`| ||`Notes`|`£`|`£`| |**`INCOME AND ENDOWMENTS FROM`**|||| |`Donations and legacies`||`69,899`|`10,999`| |**`EXPENDITURE ON`**|||| |**`Charitable activities`**|||| |`Grants payable`||`3,400`|`-`| |`Other`||`3,118`|`20`| |**`Total`**||`6,518`|`20`| |**`NET INCOME`**||`63,381`|`10,979`| |**`RECONCILIATION OF FUNDS`**|||| |**`Total funds brought forward`**||`21,857`|`10,878`| |**`TOTAL FUNDS CARRIED FORWARD`**||`85,238`|`21,857`| ``` The notes form part of these financial statements ``` ``` Page 5 ``` ``` M Club Foundation Ltd ``` ## **`Balance Sheet`** ## **`31 December 2021`** |||`31.12.21`|`31.12.20`| |---|---|---|---| |||`Unrestricted`|`Total`| |||`fund`|`funds`| ||`Notes`|`£`|`£`| |**`CURRENT ASSETS`**|||| |`Cash at bank`||`85,238`|`21,857`| |**`NET CURRENT ASSETS`**||`85,238`|`21,857`| |**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||`85,238`|`21,857`| |**`NET ASSETS`**||`85,238`|`21,857`| |**`FUNDS`**|`3`||| |`Unrestricted funds`||`85,238`|`21,857`| |**`TOTAL FUNDS`**||`85,238`|`21,857`| ``` The charitablecompanyis entitledto exemptionfrom audit under Section 477 of the CompaniesAct 2006 for the year ended 31 December 2021. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 31 December 2021 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.` ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies subject to the small companies regime. ``` ``` The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 26 September2022 and were signed on its behalf by: ``` ``` M I Chaudry - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 6 ``` ``` M Club Foundation Ltd ``` ``` Notes to the Financial Statements for the Year Ended 31 December 2021 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been prepared in accordancewith the Charities SORP (FRS 102) 'Accountingand Reportingby Charities:Statement of RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ``` ## **`Income`** ``` All income is recognised in the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it isprobablethattheincomewillbereceivedandtheamountcanbemeasuredreliably.Thefollowing specific policies are applied to particular categories of income: ``` ``` -Incomefromdonationsorgrantsisrecognisedwhenthereisevidenceofentitlementtothegift,receipt is probable, and its amount can be measured reliably. ``` - `Legacy income is recognised when receipt is probable, and entitlement is established.` ``` -Incomefromdonatedgoodsis measuredatthefairvalueof thegoodsunlessthisis impracticalto measure reliably,inwhichcasethevalueisderivedfromthecosttothedonorortheestimatedresalevalue. Donated facilitiesandservicesarerecognisedintheaccountswhenreceivedifthevaluecanbereliablymeasured. no amounts are included for the contribution of general volunteers. ``` ``` -Income from contractsfor the supply of services is recognised with the delivery of the contractedservice. This isclassifiedasunrestrictedfundsunlessthereisacontractualrequirementforittobespentona particular purpose and returned if unspent, in which case it may be regarded as restricted. ``` ## **`Expenditure`** ``` Expenditureisrecognisedonanaccrualsbasisasaliabilityisincurred.ExpenditureincludesandVAT which cannotbefullyrecovered,andisclassifiedunderheadingsofthestatementoffinancialactivitiestowhich it relates: ``` ``` -Expenditureonraisingfundsincludesthecostofallfundraisingactivities,events,non-charitable trading activities, and the sale of donated goods. ``` ``` -Expenditureoncharitableactivitiesincludesallcostsincurredbyacharityinundertakingactivities that further its charitableaims for the benefit of its beneficiaries,includingthose supportcosts and costs relating to the governance of the charity apportioned to charitable activities. ``` ``` -Otherexpenditureincludesallexpenditurethatis neitherrelatedto raisingfundsfor thecharitynorpart of its expenditure on charitable activities. ``` ``` All costsare allocateto expenditurecategoriesreflectingthe use of the resource.Directcostsattributableto a singleactivityareallocateddirectlytothatactivity.Sharedcostsareapportionedbetweentheactivities they contribute to on a reasonable, justifiable and consistent basis. ``` ``` Grants offered subject to conditionswhich have not been met at the year end date are noted as a commitment but not accrued as expenditure. ``` ## **`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. ``` ``` continued... ``` ``` Page 7 ``` ``` M Club Foundation Ltd ``` ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2021`** ## **`1. ACCOUNTING POLICIES - continued`** ## **`Fund accounting`** ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe 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. ``` ## **`2. TRUSTEES' REMUNERATION AND BENEFITS`** ``` There were no trustees'remunerationor other benefitsfor the year ended 31 December 2021 nor for the year ended 31 December 2020. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31December2021norfortheyear ended 31 December 2020. ``` ## **`3. MOVEMENT IN FUNDS`** |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`

**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1.1.21`
`in funds`
`31.12.21`
`£`
`£`
`£`
`21,857`
`63,381`
`85,238`
`21,857`
`63,381`
`85,238`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`69,899`
`(6,518)`
`63,381`
`69,899`
`(6,518)`
`63,381`
`Net`
`movement`
`At`
`At 1.1.20`
`in funds`
`31.12.20`
`£`
`£`
`£`
`10,878`
`10,979`
`21,857`
`10,878`
`10,979`
`21,857`|`Net`
`movement`
`At`
`At 1.1.21`
`in funds`
`31.12.21`
`£`
`£`
`£`
`21,857`
`63,381`
`85,238`
`21,857`
`63,381`
`85,238`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`69,899`
`(6,518)`
`63,381`
`69,899`
`(6,518)`
`63,381`
`Net`
`movement`
`At`
`At 1.1.20`
`in funds`
`31.12.20`
`£`
`£`
`£`
`10,878`
`10,979`
`21,857`
`10,878`
`10,979`
`21,857`| |---|---|---| |||`21,857`| ``` continued... ``` ``` Page 8 ``` ``` M Club Foundation Ltd ``` ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2021`** ## **`3. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`10,999`
`(20)`
`10,979`
`10,999`
`(20)`
`10,979`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`10,999`
`(20)`
`10,979`
`10,999`
`(20)`
`10,979`| |---|---|---| |||`10,979`| ## **`4. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 December 2021. ``` ``` Page 9 ``` ``` M Club Foundation Ltd ``` ## **`Detailed Statement of Financial Activities for the Year Ended 31 December 2021`** |**`Detailed Statement of Financial Activities`**
**`for the Year Ended 31 December 2021`**||| |---|---|---| ||`31.12.21`|`31.12.20`| ||`£`|`£`| |**`INCOME AND ENDOWMENTS`**||| |**`Donations and legacies`**||| |`Donations`|`-`|`10,999`| |`Grants`|`69,899`|`-`| ||`69,899`|`10,999`| |**`Total incoming resources`**|`69,899`|`10,999`| |**`EXPENDITURE`**||| |**`Charitable activities`**||| |`Grants to institutions`|`3,400`|`-`| |**`Other`**||| |`Repairs and maintenance`|`2,719`|`-`| |**`Support costs`**||| |**`Finance`**||| |`Bank charges`|`24`|`20`| |**`Other`**||| |`Penalties`|`375`|`-`| |`Total resources expended`|`6,518`|`20`| |**`Net income`**|`63,381`|`10,979`| ``` This page does not form part of the statutory financial statements ``` ``` Page 10 ```