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2021-08-31-accounts

REGISTERED COMPANY NUMBER: 06995775 (England and Wales) REGISTERED CHARITY NUMBER: 1160988

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2021

FOR

THE GOOD GYM

Cobbin Floyd Ltd Chartered Accountants 15a Station Road Epping Essex CM16 4HG

THE GOOD GYM

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021

Page
Report of the Trustees 1 to 4
Report of the Independent Auditor 5 to 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 19
Detailed Statement of Financial Activities 20 to 21

THE GOOD GYM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021

The Trustees are pleased to present GoodGym's annual report and accounts for the period 1st of Sept 2020 - 31 August 2021.

At the start of this period, GoodGym was active in 58 areas, by 31st of August 2021 GoodGym was active in 59 areas. The new area launched in this time was Luton, which launched in August 2021.

At the start of the period GoodGym had 17,627 members and 106,146 signups. This grew to 18,860 members by 31 August 2021, with over 113,080 signups.

In this period GoodGymers carried out 8,480 group sessions and supported 4,065 older people, completing 41,371good deeds in total.

The Trustees confirm that the Annual Report and financial statements of the company comply with the Charity's trust deed, current statutory requirements, the requirements of the company's governing document and the provisions of the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

OBJECTIVES AND ACTIVITIES

Objectives and aims

GoodGym is a community of people who get fit by doing good. We provide social contact and practical help to older people, and practical volunteering support for community projects.

The Trustees confirm that GoodGym operates for the public benefit to promote good citizenship by offering opportunities to combine physical exercise with volunteering.

GoodGym's activities:

  1. Group sessions: GoodGymers run, walk or cycle as a group or independently to work as a group to provide support to community organisations. We complete tasks such as clearing leaves in parks, sorting food for foodbanks or shifting earth in community gardens.

  2. Coach runs: GoodGymers are matched with an isolated and/or lonely older person in their local area, where the GoodGymer stops in for a weekly social visit during their exercise.

  3. Missions: GoodGymers carry out one-off practical tasks such as changing smoke alarm batteries, moving furniture or clearing a garden, for isolated and/or vulnerable older people.

STRATEGIC REPORT

Financial position

Our income in the period was £1,327,382 and expenditure was £988,554. At the end of the period we carried over £1,205,618 to the next financial year, including £567,841 of restricted funding.

Reserves policy

The charity’s reserves should provide the organisation with adequate financial stability and the means for it to meet its social objectives for the foreseeable future.

We aim to maintain the organisation’s reserves and confirmed income at a level which is at least equivalent to six months operational expenditure. Should reserves and confirmed income drop below this amount the trustees are informed immediately.

The CEO , business operations manager and the Trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity’s continuing obligations every two months at Trustees meetings. Our CEO and business operations manager review the cashflow on a fortnightly basis.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation to believe the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they adopt the going concern basis in preparing the financial statements.

Page 1

THE GOOD GYM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021

STRATEGIC REPORT

Principal risks and uncertainties

The Trustees have considered the major risks to which the charity is exposed, and have reviewed those risks and established systems and procedures to manage them.

Major risks can be identified as:

Appropriate action to mitigate each type of risk is considered on an ongoing basis by the Board of Trustees and the senior management of the organisation.

As stated above, our income in the period was £1,327,382 and expenditure was £988,554. At the end of the period we carried over £1,205,618 to the next financial year, including £567,841 of restricted funding.

The specific risks we have been managing this period are the operational risks of our group runs and work with older people.

Operational risks:

During this period we continued to manage risks related to Covid-19 and changing levels of risk. We responded to the needs of the communities in which we operate and the associated risks.

The nature of our work with older people continued to require specific precautionary measures. The following measures were in place during this period:

Face-to-face social visits for older people were transferred to telephone calls where possible to mitigate potential spreading of the virus.

For GoodGym tasks for older people (missions) we restricted tasks listed to those essential tasks for living safely at home in response to the pandemic. Training was updated and all runners were instructed to wear PPE and maintain social distancing. Numbers were kept to a minimum for missions in which the older person was present.

We maintained a £20 limit to reduce risk of financial abuse.

To reduce risk of harm to runners, coaches can only be referred when a referrer can verify the older person's environment and behaviour pose no risks to a runner.

To manage risk of harm to older people and to ensure GoodGymers have the necessary knowledge and skills to volunteer with older people, all GoodGymers working with older people must undertake: -A DBS check.

-Online training which includes modules on adult safeguarding and boundaries -Verification from a GoodGym representative.

Group session risks:

Group runs were gradually re-introduced towards the end of this period. Group sessions primarily had a focus on the support of essential services such as the NHS and food distribution organisations to balance the risk of spreading the virus against the positive impact we might make.

Training and guidance was updated in accordance with government guidelines throughout this period.

During this time we have continued to:

-Monitor the digital accident book on a daily basis (week days only).

Page 2

THE GOOD GYM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021

STRATEGIC REPORT

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The Good Gym (operating as GoodGym) was incorporated on 20/08/2009 as a Company limited by Guarantee, number 06995775 and as of 19 March 2015 registered with the Charity Commission of England and Wales under number 1160988. The Good Gym acts according to its Memorandum and Articles of Association.

This is the sixth report made by the Trustees, covering the period 1st of Sept 2020 - 31 August 2021.

Method of appointment or election of Trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the deed

Organisational structure and decision making

The Trustees have control of the Charity and its property and funds. They met every two months during this period. The Trustees attend GoodGym events and meetings and provide ongoing support to the CEO and other staff. All Trustees give of their time freely and no Trustee received remuneration in the period. During this period Stephen Greene resigned as a trustee on 19th November 2020. On the 25th September 2020 Abadesi Osunsade, Ruth Forbes and Tamara Green were appointed as trustees.

Ivo Gormley is appointed Chief Executive Officer.

Each GoodGym area has a part-time area activator working on a freelance basis, and GoodGym has an administrative team which supports the area activators and members.

During this period the GoodGym administrative team was made up of 12 full-time staff and approximately 53 part-time staff.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06995775 (England and Wales)

Registered Charity number

1160988

Registered office

Somerset House Strand London WC2R 1LA

Trustees

S B Greene (resigned 19.11.20) R B L Marvel P J Miller Chair P Hay Non-Executive Director Ms T Greene (appointed 25.9.20) Ms R Forbes (appointed 25.9.20) Ms R Docherty (appointed 25.9.20) Ms A Osunsade (appointed 25.9.20)

Company Secretary

I A Gormley

Page 3

THE GOOD GYM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Auditor

Cobbin Floyd Ltd Chartered Accountants 15a Station Road Epping Essex CM16 4HG

Bankers

Natwest Bank Plc 403 Bethnal Green Road London E2 0AF

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Good Gym for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITOR

The auditors, Cobbin Floyd Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by: 30/6/22

........................................................................ P J Miller - Trustee

Page 4

REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE GOOD GYM

Opinion

We have audited the financial statements of The Good Gym (the 'charitable company') for the year ended 31st August 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditor thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 5

REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE GOOD GYM

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditor under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditor that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

To identify risks of material misstatement due to fraud we assessed events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud.

Our risk assessment procedures included:

We communicated the identified fraud risks with the audit team and remained alert to any indications of fraud throughout the audit.

As required by auditing standards, and taking into account our overall knowledge of the control environment, we performed procedures to address the risk of management override of controls, in particular the risk that management may be in a position to make inappropriate accounting entries. On this audit we do not believe that there is a fraud risk related to revenue recognition because there are no material judgements involved and all membership donations are set and agreed by the board of Trustees.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditor.

Page 6

REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE GOOD GYM

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Cobbin Floyd Ltd Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Chartered Accountants 15a Station Road Epping Essex CM16 4HG Date: .............................................

Page 7

THE GOOD GYM

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
EXPENDITURE ON
Charitable activities
3
Charitable activities
NET INCOME/(EXPENDITURE)
Transfers between funds
12
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
887,330
412,510
474,820
(33,039)
441,781
195,996
637,777		 Restricted
funds
£
440,052
576,044
(135,992)
33,039
(102,953)
670,794
567,841		 2021
Total
funds
£
1,327,382
988,554
338,828
-
338,828
866,790
1,205,618		 2020
Total
funds
£
1,712,344
923,839
788,505
-
788,505
78,285
866,790

The notes form part of these financial statements

Page 8

THE GOOD GYM

BALANCE SHEET 31ST AUGUST 2021

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
1,408
236,339
468,117
704,456
(68,087)
636,369
637,777
637,777		 Restricted
funds
£
-
-
567,841
567,841
-
567,841
567,841
567,841		 2021
Total
funds
£
1,408
236,339
1,035,958
1,272,297
(68,087)
1,204,210
1,205,618
1,205,618
637,777
567,841
1,205,618		 2020
Total
funds
£
2,580
32,100
895,816
927,916
(63,706)
864,210
866,790
866,790
195,996
670,794
866,790

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 30/6/22

.............................................

The notes form part of these financial statements

continued...

Page 9

THE GOOD GYM

BALANCE SHEET - continued 31ST AUGUST 2021

P J Miller - Trustee

The notes form part of these financial statements

Page 10

THE GOOD GYM

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2021
£
141,345
141,345
(1,203)
(1,203)
140,142
895,816
1,035,958		 2020
£
783,837
783,837
(1,799)
(1,799)
782,038
113,778
895,816

The notes form part of these financial statements

Page 11

THE GOOD GYM

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
2021 2020
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 338,828 788,505
Adjustments for:
Depreciation charges 2,375 1,975
Increase in debtors (204,239) (19,700)
Increase in creditors 4,381 13,057
Net cash provided by operations 141,345 783,837

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank
Total		 At 1.9.20
£
895,816
895,816
895,816		 Cash flow
£
140,142
140,142
140,142		 At 31.8.21
£
1,035,958
1,035,958
1,035,958

The notes form part of these financial statements

Page 12

THE GOOD GYM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Grants
Corporate partners
Branch contracts
Government grants
Member donations		 2021
£
860,052
84,128
62,660
2,423
318,119
1,327,382		 2020
£
1,119,959
(5,712)
211,297
14,756
372,044
1,712,344

continued...

Page 13

THE GOOD GYM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

Other grants
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Charitable activities
897,804
SUPPORT COSTS
Management
£
Charitable activities
43,374
Depreciation
£
Charitable activities
2,375
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Auditor's remuneration
Depreciation - owned assets		 2021
£
860,052
Support
costs (see
note 4)
£
90,750
Finance
£
1,383
Governance
costs
£
40,602
2021
£
3,500
2,375		 2020
£
1,119,959
Totals
£
988,554
Information
technology
£
3,016
Totals
£
90,750
2020
£
2,570
1,975

3. CHARITABLE ACTIVITIES COSTS

4. SUPPORT COSTS

5. NET INCOME/(EXPENDITURE)

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st August 2021 nor for the year ended 31st August 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st August 2021 nor for the year ended 31st August 2020.

continued...

Page 14

THE GOOD GYM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

7. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Full time staff
No employees received emoluments in excess of £60,000.
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
848,266
EXPENDITURE ON
Charitable activities
Charitable activities
505,680
NET INCOME
342,586
RECONCILIATION OF FUNDS
Total funds brought forward
(146,590)
TOTAL FUNDS CARRIED FORWARD
195,996		 2021
£
443,709
7,477
451,186
2021
13
Restricted
funds
£
864,078
418,159
445,919
224,875
670,794		 2020
£
485,693
9,942
495,635
2020
14
Total
funds
£
1,712,344
923,839
788,505
78,285
866,790

continued...

Page 15

THE GOOD GYM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

9. TANGIBLE FIXED ASSETS

COST
At 1st September 2020
Additions
At 31st August 2021
DEPRECIATION
At 1st September 2020
Charge for year
At 31st August 2021
NET BOOK VALUE
At 31st August 2021
At 31st August 2020
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
VAT
Other creditors		 2021
£
236,339
2021
£
28,217
17,932
21,938
68,087		 Computer
equipment
£
8,360
1,203
9,563
5,780
2,375
8,155
1,408
2,580
2020
£
32,100
2020
£
12,839
29,590
21,277
63,706

continued...

Page 16

THE GOOD GYM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

12. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Lottery Community Fund - Digital Fund
Lottery Community Fund - Emergency
Funding
Lottery Community Fund - Building
Connections
Sport England - Core Market
Sport England Sector Partner Fund
Big Lottery Fund
Norfolk CF
Rayne Foundation
Neighbourly Grant
London marathon Charitable Trust
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General fund
Restricted funds
Lottery Community Fund - Digital Fund
Lottery Community Fund - Emergency
Funding
Lottery Community Fund - Building
Connections
Sport England - Core Market
Sport England Sector Partner Fund
Big Lottery Fund
Rayne Foundation
Neighbourly Grant
London marathon Charitable Trust
TOTAL FUNDS		 At 1.9.20
£
195,996
30,829
127,768
30,035
28,317
24,226
419,619
10,000
-
-
-
670,794
866,790
s follows:		 Net
movement
in funds
£
474,820
6,741
(140,045)
(208)
4,436
(44,478)
23,637
-
(510)
229
14,206
(135,992)
338,828
Incoming
resources
£
887,330
156,070
-
20,182
157,400
-
44,000
30,000
400
32,000
440,052
1,327,382		 Transfers
between
funds
£
(33,039)
-
12,277
-
-
20,252
-
-
510
-
-
33,039
-
Resources
expended
£
(412,510)
(149,329)
(140,045)
(20,390)
(152,964)
(44,478)
(20,363)
(30,510)
(171)
(17,794)
(576,044)
(988,554)		 At
31.8.21
£
637,777
37,570
-
29,827
32,753
-
443,256
10,000
-
229
14,206
567,841
1,205,618
Movement
in funds
£
474,820
6,741
(140,045)
(208)
4,436
(44,478)
23,637
(510)
229
14,206
(135,992)
338,828

continued...

Page 17

THE GOOD GYM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Lottery Community Fund - Digital Fund
Lottery Community Fund - Emergency
Funding
Lottery Community Fund - Building
Connections
Sport England - Core Market
Sport England Sector Partner Fund
Big Lottery Fund
Norfolk CF
TOTAL FUNDS
Comparative net movement in funds, included in the above are as
Unrestricted funds
General fund
Restricted funds
Lottery Community Fund - Digital Fund
Lottery Community Fund - Emergency
Funding
Lottery Community Fund - Building
Connections
Sport England - Core Market
Sport England Sector Partner Fund
Big Lottery Fund
TOTAL FUNDS		 At 1.9.19
£
(146,590)
-
-
25,305
(32,516)
-
222,086
10,000
224,875
78,285
follows:
Incoming
resources
£
848,266
142,500
239,100
34,109
149,870
100,000
198,499
864,078
1,712,344		 Net
movement
in funds
£
342,586
30,829
127,768
4,730
60,833
24,226
197,533
-
445,919
788,505
Resources
expended
£
(505,680)
(111,671)
(111,332)
(29,379)
(89,037)
(75,774)
(966)
(418,159)
(923,839)		 At
31.8.20
£
195,996
30,829
127,768
30,035
28,317
24,226
419,619
10,000
670,794
866,790
Movement
in funds
£
342,586
30,829
127,768
4,730
60,833
24,226
197,533
445,919
788,505

continued...

Page 18

THE GOOD GYM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st August 2021.

Page 19

THE GOOD GYM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2021

INCOME AND ENDOWMENTS
Donations and legacies
Grants
Corporate partners
Branch contracts
Government grants
Member donations
Total incoming resources
EXPENDITURE
Charitable activities
Salaries and national insurance
Pensions
Freelance assistance
Insurance
Events and marketing
Website and computer consumables
Volunteer recruitment, events and marketing
Staff training
Recruitment
Sundry expenses
Supplies
Support costs
Management
Rent and rates
Telephone
Postage and stationery
Travelling expenses
Finance
Bank charges
Other interest
Information technology
Repairs and renewals
Depreciation
Computer equipment		 2021
£
860,052
84,128
62,660
2,423
318,119
1,327,382
1,327,382
443,709
7,477
349,559
3,314
25,411
15,564
36,563
3,092
9,907
775
2,433
897,804
42,073
1,101
166
34
43,374
911
472
1,383
3,016
2,375		 2020
£
1,119,959
(5,712)
211,297
14,756
372,044
1,712,344
1,712,344
485,693
9,942
297,984
2,518
16,419
10,985
21,366
3,297
11,379
5,201
7,869
872,653
20,923
2,153
449
6,047
29,572
939
571
1,510
-
1,975

This page does not form part of the statutory financial statements

Page 20

THE GOOD GYM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2021

Depreciation
Governance costs
Auditor's remuneration
Accountancy
Legal fees
Total resources expended
Net income		 2021
£
3,500
4,000
33,102
40,602
988,554
338,828		 2020
£
2,570
1,210
14,349
18,129
923,839
788,505

This page does not form part of the statutory financial statements

Page 21