REGISTERED COMPANY NUMBER: 06995775 (England and Wales) REGISTERED CHARITY NUMBER: 1160988
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2022
FOR
THE GOOD GYM
THE GOOD GYM
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Cash Flow Statement | 7 | ||
| Notes to the Cash Flow Statement | 8 | ||
| Notes to the Financial Statements | 9 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
THE GOOD GYM
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST AUGUST 2022
The Trustees are pleased to present GoodGym's annual report and accounts for the year ended 31st August 2022.
At the start of this year, GoodGym was active in 59 areas and remained active in those 59 areas by 31st August 2022.
At the start of the year, GoodGym had 18,860 members and 113,080 signups. This grew to 20,265 members by 31st August 2022, with over 122,923 signups.
In this year GoodGymers carried out 7,758 group sessions and supported 887 older people, completing 36,327 good 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 for Smaller Entities, 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:
-
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 bank donations or shifting woodchip in community gardens.
-
Coach runs: GoodGymers are matched with an isolated and/or lonely older person in their area, where the GoodGymer stops for a weekly social visit during their exercise.
-
Missions: GoodGymers carry out one-off practical tasks such as changing smoke alarm batteries, moving furniture or clearing a garden, for isolated older people
-
Social visit missions: In 2022 we started piloting a new type of mission to help combat loneliness in older people in 5 GoodGym areas.
FINANCIAL REVIEW
Financial position
Our income in the year was £887,930 and expenditure was £1,118,263. At the end of the year we carried over £975,285 to the next financial year, including £11,236 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.
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.
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.
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 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The Good Gym (operating as GoodGym) was incorporated on 20th August 2009 as a Company limited by Guarantee, number 06995775 and as of 19th 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 seventh report made by the Trustees, covering the period from 1st September 2021 to 31st August 2022.
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, its property and funds. They met every two months during this year. The Trustees attend GoodGym events and meetings and provide ongoing support to the CEO and other staff. All Trustees give their time freely and no Trustee received remuneration in the year.
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 year the GoodGym administrative team was made up of 15 full-time staff and approximately 59 freelance part-time staff.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06995775 (England and Wales)
Registered Charity number
1160988
Registered office
15a Station Road Epping Essex CM16 4HG
Trustees
R B L Marvel P J Miller Chair P Hay Non-Executive Director Ms T Greene Ms R Forbes Ms R Docherty Ms A Osunsade
Company Secretary
I A Gormley
Bankers
Natwest Bank Plc 403 Bethnal Green Road London E2 0AF
Approved by order of the board of trustees on 30th May 2023 and signed on its behalf by:
Page 2
THE GOOD GYM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022
P J Miller - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GOOD GYM
Independent examiner's report to the trustees of The Good Gym ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st August 2022.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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.
Natalie Floyd, ACA
30th May 2023
Page 4
THE GOOD GYM
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2022
| 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 £ 574,138 679,228 (105,090) 431,362 326,272 637,777 964,049 |
Restricted funds £ 313,792 439,035 (125,243) (431,362) (556,605) 567,841 11,236 |
2022 Total funds £ 887,930 1,118,263 (230,333) - (230,333) 1,205,618 975,285 |
2021 Total funds £ 1,327,382 |
|---|---|---|---|---|
| 988,554 | ||||
| 338,828 - |
||||
| 338,828 866,790 |
||||
| 1,205,618 |
The notes form part of these financial statements
Page 5
THE GOOD GYM
BALANCE SHEET
31ST AUGUST 2022
| 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 £ 975 54,673 996,258 1,050,931 (87,857) 963,074 964,049 964,049 |
Restricted funds £ - - 11,236 11,236 - 11,236 11,236 11,236 |
2022 Total funds £ 975 54,673 1,007,494 1,062,167 (87,857) 974,310 975,285 975,285 964,049 11,236 975,285 |
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 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2022 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.
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 30th May 2023 and were signed on its behalf by:
P J Miller - Trustee
The notes form part of these financial statements
Page 6
THE GOOD GYM
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/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 |
2022 £ (27,615) (27,615) (849) (849) (28,464) 1,035,958 1,007,494 |
2021 £ 141,345 141,345 (1,203) (1,203) 140,142 895,816 1,035,958 |
|---|---|---|
The notes form part of these financial statements
Page 7
THE GOOD GYM
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST AUGUST 2022
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Decrease/(increase) in debtors Increase in creditors Net cash (used in)/provided by operations |
2022 £ (230,333) 1,282 181,666 19,770 (27,615) |
2021 £ 338,828 2,375 (204,239) 4,381 141,345 |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank Total |
At 1.9.21 £ 1,035,958 1,035,958 1,035,958 |
Cash flow £ (28,464) (28,464) (28,464) |
At 31.8.22 £ 1,007,494 |
|---|---|---|---|
| 1,007,494 | |||
| 1,007,494 |
The notes form part of these financial statements
Page 8
THE GOOD GYM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022
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.
Computer equipment - 33% on cost
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 |
2022 £ 350,328 215,541 47,500 - 274,561 887,930 |
2021 £ 860,052 84,128 62,660 2,423 318,119 |
|---|---|---|
| 1,327,382 |
continued...
Page 9
THE GOOD GYM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022
2. DONATIONS AND LEGACIES - continued
Grants received, included in the above, are as follows:
| Other grants 3. CHARITABLE ACTIVITIES COSTS Charitable activities 4. SUPPORT COSTS Management Finance £ £ Charitable activities 29,736 826 |
Direct Costs £ 1,018,359 Depreciation £ 1,282 |
|
|---|---|---|
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Auditor's remuneration | - | 3,500 |
| Depreciation - owned assets | 1,282 | 2,375 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2022 nor for the year ended 31st August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st August 2022 nor 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 |
2022 £ 508,959 8,849 517,808 2022 15 |
2021 £ 443,709 7,477 |
|---|---|---|
| 451,186 | ||
| 2021 13 |
continued...
Page 10
THE GOOD GYM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022
7. STAFF COSTS - continued
No employees received emoluments in excess of £60,000.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Charitable activities NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 1st September 2021 Additions At 31st August 2022 DEPRECIATION At 1st September 2021 Charge for year At 31st August 2022 NET BOOK VALUE At 31st August 2022 At 31st August 2021 |
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 |
Total funds £ 1,327,382 |
|---|---|---|---|
| 988,554 | |||
| 338,828 - |
|||
| 338,828 866,790 |
|||
| 1,205,618 | |||
| Computer equipment £ 9,563 849 10,412 8,155 1,282 9,437 975 1,408 |
9. TANGIBLE FIXED ASSETS
continued...
Page 11
THE GOOD GYM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022
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 12. MOVEMENT IN FUNDS At 1.9.21 £ Unrestricted funds General fund 637,777 Restricted funds Lottery Community Fund - Digital Fund 37,570 Lottery Community Fund - Building Connections 29,827 Sport England - Core Market 32,753 Big Lottery Fund 443,256 Norfolk CF 10,000 Rayne Foundation - Neighbourly Grant 229 London marathon Charitable Trust 14,206 London Borough of Kingston - 567,841 TOTAL FUNDS 1,205,618 |
Net movement in funds £ (105,090) (21,939) 10,495 (96,033) 11,000 - 424 - (30,190) 1,000 (125,243) (230,333) |
||
|---|---|---|---|
continued...
Page 12
THE GOOD GYM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Lottery Community Fund - Digital Fund Lottery Community Fund - Building Connections Sport England - Core Market Big Lottery Fund Rayne Foundation London marathon Charitable Trust London Borough of Kingston TOTAL FUNDS |
Incoming resources £ 574,138 152,510 10,495 66,287 11,000 30,000 42,500 1,000 313,792 887,930 |
Resources expended £ (679,228) (174,449) - (162,320) - (29,576) (72,690) - (439,035) (1,118,263 ) |
Movement in funds £ (105,090) (21,939) 10,495 (96,033) 11,000 424 (30,190) 1,000 |
|---|---|---|---|
| (125,243) | |||
| (230,333) |
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 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 |
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 |
Transfers between At funds 31.8.21 £ £ (33,039) 637,777 - 37,570 12,277 - - 29,827 - 32,753 20,252 - - 443,256 - 10,000 510 - - 229 - 14,206 33,039 567,841 - 1,205,618 |
At 31.8.21 £ 637,777 37,570 - 29,827 32,753 - 443,256 10,000 - 229 14,206 |
|---|---|---|---|---|
| 567,841 |
continued...
Page 13
THE GOOD GYM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| 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 |
Incoming resources £ 887,330 156,070 - 20,182 157,400 - 44,000 30,000 400 32,000 440,052 1,327,382 |
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) |
Movement in funds £ 474,820 6,741 (140,045) (208) 4,436 (44,478) 23,637 (510) 229 14,206 (135,992) 338,828 |
|---|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st August 2022.
Page 14
THE GOOD GYM
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2022
| 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 Repairs and renewals Finance Bank charges Other interest Depreciation Depreciation of tangible fixed assets |
2022 £ 350,328 215,541 47,500 - 274,561 887,930 887,930 508,959 8,849 348,576 2,630 25,760 23,759 79,565 6,325 11,997 821 1,118 1,018,359 24,970 552 209 3,495 510 29,736 811 15 826 1,282 |
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 3,016 |
||
| 46,390 911 472 |
||
| 1,383 2,375 |
This page does not form part of the statutory financial statements
Page 15
THE GOOD GYM
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2022
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2022 |
||
|---|---|---|
| Depreciation Governance costs Auditor's remuneration Accountancy Legal fees Total resources expended Net (expenditure)/income |
2022 £ - 3,900 64,160 68,060 1,118,263 (230,333) |
2021 £ 3,500 4,000 33,102 |
| 40,602 | ||
| 988,554 | ||
| 338,828 |
This page does not form part of the statutory financial statements
Page 16